June 2022

President of Panama shoots down crypto bill citing FATF guidelines

June 17, 2022 boss

Panama’s President Laurentino Cortizo has partially vetoed Bill No. 697 dubbed the “crypto bill” saying it requires more work to better fit Panama’s financial regulations. President Cortizo previously warned in May he wouldn’t sign the bill unless it included additional Anti-Money Laundering rules after Panama’s National Assembly passed the crypto bill in late April 2022. Local media outlet La Prenda obtained a copy of the 32-page veto, reporting the President wrote it’s “imperative” the cryptocurrency laws conform to new regulations recommended by the Financial Action Task Force (FATF) outlining “fiscal…

Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit

June 17, 2022 boss

Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE). The damages sought are more than 34 times Dogecoin’s current market cap of $7.5 billion and nearly three times its ATH market cap of $88.68 billion in mid-2021. Filed in the New York District Court by an attorney at Evan Spencer Law on Thursday, the class-action lawsuit alleges that Musk “used his pedestal as World’s Richest man…

Crypto News Today: Cryptocurrency Tax in India | Shiba Inu Coin Switch, WazirX, Coin DCX UPI Payment

June 17, 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io India में Crypto Tax की वजह से Crypto Exchanges (WazirX, CoinSwitch Kuber, Coin DCX, ZebPay, Unocoin) बड़ी मुश्किल का सामना कर रहे हैं. Cryptocurrency (Shiba Inu Coin, Bitcoin Ethereum) Tax की वजह से Crypto Trading काफी काम हो गई है. Crypto Exchanges (WazirX, CoinSwitch Kuber, Coin DCX, ZebPay, Unocoin) को भी इसका नुकसान हो रहा है. साथ ही Crypto Wallets और Crypto Exchanges को Digital Payment में भी दिक्कतें आ रही हैं. कई Exchanges ने UPI Transfers, UPI Deposit और UPI Payment…

Kazakhstan Allows Registered Crypto Exchanges to Open Accounts at Local Banks – Exchanges Bitcoin News

June 17, 2022 boss

Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have bank accounts in the country. Pilot Project to Develop Kazakhstan Into Regional Crypto Hub Regulations allowing crypto exchanges registered at the Astana International Financial Center (AIFC) to be serviced by second-tier banks in Kazakhstan have been adopted by a working group comprised of representatives of the Ministry of Digital Development, the central bank, financial regulators, as well as members of…

Ethereum Reverse Gains, Why ETH Could Dive Below $1K

June 17, 2022 boss

Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is declining and remains at a risk of more downsides below the $1,000 support. Ethereum started a fresh decline after it failed to surpass the $1,250 zone. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $1,095 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline unless it clears $1,150 and $1,200 in the near…

Bastyon Crypto Social Network Integrates TOR Network and Releases Post Advertising for Pocketcoin (PKOIN) – Press release Bitcoin News

June 17, 2022 boss

press release PRESS RELEASE. Bastyon as the Web 3.0 Social Platform Most crypto projects are nothing but cones of a few successful coins. Bastyon, on the other hand, is a fast-growing social platform that combines elements of Youtube, Twitter and Torrent; it recently passed four hundred thousand users and growing fast. Bastyon is built on the premise that social media should be Web 3.0, decentralized with an open-source code, distributed node infrastructure and no corporate entity to control it, like the Bitcoin model. In Bastyon the users enjoy the content…

Mark Cuban says crypto crash highlights Warren Buffett’s wisdom

June 17, 2022 boss

Billionaire crypto investor and owner of the Dallas Mavericks Mark Cuban says the current market downturn reminds him of a well-known adage uttered by Warren Buffett. Cuban sees a parallel between the rise and fall of crypto markets and projects, and the 91-year-old ‘Oracle of Omaha’s aphorism that: “Only when the tide goes out do you discover who’s been swimming naked.” Cuban’s observation was revealed during a June 16 interview with Fortune in which he discussed what he sees as flawed business models of some crypto projects that have fallen…

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June 17, 2022

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Deribit Confirms 3 Arrows Capital as a Shareholder, States the Exchange’s Accounts are in Debt, but Still Financially Healthy

June 17, 2022

Summary: The team at Deribit has confirmed that Three Arrows Capital is a shareholder at the exchange. Deribit also hinted that its accounts possibly linked to Three Arrows Capital are in debt. However, the team at Deribit quelled fears of insolvency by stating that the exchange will remain financially healthy if the above-stated debts are not repaid. The crypto exchange of Deribit has stated via Twitter confirming that Three Arrows Capital is a shareholder in the platform. The Deribit Tweet, which can be found below, also pointed out that Three…

BTC043: How To Value Bitcoin Mining

June 17, 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Preston Pysh talks with entrepreneur and Bitcoin expert, Mike Alfred, about the valuation process for publicly traded mining companies. IN THIS EPISODE, YOU’LL LEARN: 00:00 – Intro 01:16 – Mike’s early days as an entrepreneur 11:51 – What is the biggest mistake entrepreneurs make? 14:28 – How Mike got into Bitcoin – Mike’s thoughts on digital asset data 31:35 – How Mike values Mining companies 46:10 – How does Wall Street view Bitcoin? 51:16 – What is El Salvador big news or…