Day: August 8, 2022

Why Oracles Will Drive the Next Stage of Evolution in the DeFi Market

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In a world of “interests,” it is vital that no one has a monopoly on truth. Decentralized protocols have grown in popularity as viable alternatives to traditional centralized systems. People are recognizing the flaws of centralized authority and adopting open, decentralized, and trustless systems. However, for decentralized protocols to truly be open and transparent, there’s a need for an infrastructure that would help access offline real-time information in a trustless manner. There is no doubt that we live in a world where anyone can simply share false information and declare…

NEW YORK BANS BITCOIN MINING

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today let’s talk about the state of New York banning Bitcoin mining. What does this mean exactly for miners and for Bitcoin? 💹Buy Bitcoin, NFTs and Stocks with FTX – (Mobile) / (Desktop) 💰Earn 12.6% APY w/ Deposits and Trade Crypto w/ Vauld: 💸Buy Bitcoin & Crypto with IRA/401k Tax-Free ($100 Bonus) 💳Blockfi Bitcoin Reward (1.5% Back in BTC) Credit Card: 👛Try Blockfi’s Wallet and Earn $250 Bonus 🚧Buy Crypto Domain Names with Unstoppable Domains: ✨ File Crypto Taxes the Easy Way…

World Bank Says Politicians Are to Blame for the ‘Deliberate Depression’ – Bitcoin News

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Deliberately insufficient policy responses by successive Lebanese governments combined with the self-serving agreements by politicians are largely to blame for the country’s economic crisis, a report by the World Bank has said. The report concludes that the country needs to seriously engage “in the macro-fiscal, financial, and sector reforms the World Bank has been stressing for decades.” Politicians Defending ‘a Bankrupt Economic System’ In its latest report on Lebanon’s economic situation, the World Bank asserts that the Middle East country’s ongoing economic crisis is the product of “deliberately inadequate policy…

FTX, ByBit rise in web traffic despite overall traffic drop on CEXs

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The ongoing cryptocurrency winter has triggered an overall decline in interest in centralized crypto exchanges (CEX), but some crypto trading platforms have seen a rise in website traffic. A few major global crypto exchanges, including Sam Bankman-Fried’s FTX, have experienced a significant increase in web traffic despite the bear market of 2022, according to the website analytics platform SimilarWeb. According to data shared with Cointelegraph, web traffic on the FTX crypto exchange has surged as much as 123% year-over-year (YoY) by June 2022. Trading platforms like WhiteBIT and ByBit have…

UAE To Clamp Down on Crypto Real Estate Money Laundering

They would also require brokers, agents and law firms to file reports to the Financial Intelligence Unit, which is responsible for tracking dirty money, and would also apply when the buyer attempts to pay in cash worth over AED 55,000 (around $15,000). The government did not specify any threshold for virtual assets, implying even the smallest bitcoin transactions will be caught. Source

Nigeria becomes the most crypto-obsessed nation after April crash: Report

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The crypto market crash in April saw most cryptocurrencies lose more than 60% of their valuation from the top, leading to an overall downturn in trading activity, investor interest and venture capital investment. A recent study has highlighted nations’ growing curiosity and interest in crypto after the April crash. The research was based on Google Trends data of popular crypto search terms that often reflect increased interest in the crypto market. The search history of each nation was then compiled to give an overall search score. The countries at the…