Day: July 7, 2022

WSJ editorial slams SEC’s ‘bewildering’ Bitcoin ETF denials

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The Wall Street Journal Editorial Board has come out swinging against Gary Gensler’s “legendary” resistance to approving a spot Bitcoin exchange-traded fund (ETF).  The hard-hitting opinion piece, published on Wednesday, July 6 called out the Gensler-led Securities and Exchange Commission (SEC) for overt inconsistencies in how the commission handles applications for Bitcoin-related exchange-traded products (ETPs) compared to more traditional assets and other commodities. So far, Gensler’s SEC has rejected every proposal for a spot Bitcoin ETP, including two in the last week from Grayscale and Bitwise, which resulted in Grayscale…

Are A Fake Job Offer And A .Pdf Responsible For The Axie Infinity/ Ronin Hack?

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The latest report on the Axie Infinity/ Ronin bridge hack is too good to be true. Especially considering the FBI claims a North Korea-sponsored hacking group is responsible for it. “A senior engineer at Axie Infinity was duped into applying for a job at a company that, in reality, did not exist,” The Block reports. That’s not all, apparently, the hackers’ spyware got into the system through a simple .pdf file. Unbelievable that a $622M hack started that way.  The Ronin Network is an Ethereum sidechain that exclusively serves Axie…

Bloomberg analyst tips bullish BTC recovery in next six months

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Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin (BTC) will rebound in the second half (2H) of 2022. Sharing his thoughts to his 48,100 Twitter followers on July 6, McGlone saw positive signs in the data Bloomberg’s Galaxy Crypto Index (BGCI) and the 50-week and 100-week moving averages of BTC’s price. He suggested that the current indicators are showing similar signs to the bottom of the bear market in 2018, which preceded a strong rebound in the first half of 2019. “With the Bloomberg Galaxy…

BITCOIN HOLDERS BRACE FOR RECESSION

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today let’s look at the ECB and several big banks warning about US recession. And let’s talk about Bitcoin. 🟪Buy Bitcoin & Crypto with IRA/401k w/ItrustCapital ($100 Bonus) 📊Buy Bitcoin & Crypto w/Bitget (No KYC and up to $8000 Bonus) 💳Get a Blockfi Bitcoin Reward (1.5% Back in BTC) Credit Card: 🚧Buy Crypto Domain Names w/ Unstoppable Domains: 💰Earn Interest and DCA Crypto w/ Vauld: 🔒Safeguard Your Bitcoin and Crypto w/ Ledger Hardware Wallet 🚨Protect Yourself with NordVPN (69% off) 🔥CryptosRus’ Best…

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

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Elon Musk’s tunnel construction firm The Boring Company (TBC) has begun allowing customers to pay for rides on its Las Vegas transit system using Dogecoin (DOGE) A Wednesday report from CNBC said the new payment option via BitPay surfaced on July 1, a day after the opening of its new Loop station at the Las Vegas Convention Center. While The Boring Company has not officially confirmed the new payment method, founder Elon Musk seemingly did when he responded to a tweet about the news, saying: “Supporting Doge wherever possible.” Supporting…

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

Elon Musk’s tunnel construction firm The Boring Company (TBC) has begun allowing customers to pay for rides on its Las Vegas transit system using Dogecoin. A July 6 report from CNBC said the new payment option via Bitpaysurfaced on Friday, a day after the opening of its new Loop station at the Las Vegas Convention Center. While the Boring Company has not officially confirmed the new payment method, founder Elon Musk seemingly did when he responded to a tweet about the news, saying: “Supporting Doge wherever possible.” Supporting Doge wherever…

Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks – Regulation Bitcoin News

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The Bank of England says “extreme volatility” in the crypto market “underscores the need for enhanced regulatory and law enforcement frameworks.” The British central bank has warned that crypto prices could fall further. Bank of England Calls for Enhanced Crypto Regulation The Financial Policy Committee of the British central bank, the Bank of England (BOE), said Tuesday that the “extreme volatility” in crypto prices in recent months underscores vulnerabilities in the crypto market, Bloomberg reported. Citing a $2 trillion reduction in the total market capitalization of crypto assets, the Bank…

Bitcoin Crashing, More Pain Coming? | Technical & Sentiment Analysis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On this episode, we’re taking a look at technical & sentiment analysis for Bitcoin (BTC). Can we see continuous pain even below $20,000 BTC price? Guest: Evan Aldo Evan Aldo Youtube Channel ➜ 20% off Evan Aldo Course ➜ ➜ Use code “paulbarron” #bitcoin #Crypto #BTC ~Bitcoin Crashing, More Pain Coming? | Technical & Sentiment Analysis~ ⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺ Become a Diamond Circle Member FREE! ➜ Subscribe on YouTube ✅ Facebook 📱 Twitter 📱 Crypto Power Index Beta Access ➜ Looking for the best…

Crypto owners banned from working on US Government crypto policies

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US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets. A new advisory notice released by the US Office of Government Ethics (OGE) on Tuesday stated that the de minimis exemption — which allows for the owners of securities who hold an amount below a certain threshold to work on policy related to that security — is universally inapplicable when it comes to cryptocurrencies and stablecoins. “As a result, an employee who holds any amount of…

Korean startup Uprise lost $20M shorting LUNC

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South Korean crypto investment startup platform Uprise reportedly lost around 99% of its assets worth about $20 million when it got liquidated shorting the Luna Classic (LUNC) token. Uprise’s trading desk Heybit uses an artificial intelligence (AI) trading system that was designed to reduce the risks associated with leveraged trading. Local news outlet Seoul Economic Daily reported on Wednesday that Uprise’s AI, which it calls a robo-advisor, made a disastrous misread in May on LUNC as it fell precipitously from $60 to fractions of a cent. The system shorted LUNC…