Day: August 28, 2022

The number of crypto billionaires is growing fast, here’s why

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Satoshi Nakamoto has more than 1 million BTC, making him the largest Bitcoin holder. He is followed by the founders of Grayscale and Binance, who together have about the same amount of BTC as Satoshi Nakamoto. When looking at the largest Bitcoin holders, there are a few parties that stand out. Of course, Satoshi Nakamoto, with a total of 1,100,000 BTC, has more significant holdings than number two and three holders of Bitcoin, namely Grayscale and Binance. These companies have over 600,000 BTC and 400,000 BTC, respectively, numbers that most…

more reasons why bitcoin won't get to $30k. (last analysis and warning. Pls dont wait for $30k kids)

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Bitcoin Is A Hedge Against Poverty – Ark Invest CEO Cathie Wood

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Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More — Bitcoin.com News Week in Review – The Weekly Bitcoin News

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Morgan Report founder David Morgan foresees a supply crunch for silver, and says that in ten years’ time, it will be one of the best investments of the decade. One analyst, however, says if the precious metal falls below $18, it’s “very possible that we could see silver get absolutely smoked.” In other news this week, the Federal Deposit Insurance Corporation (FDIC) has issued a crypto-related cease and desist order to popular cryptocurrency exchange FTX US, and four others. All this and more, in the latest Bitcoin.com News Week in…

Former Korean Finance Minister Joins Hashed Open Research to Promote Blockchain

A senior South Korean government official has joined the research offshoot of blockchain VC Hashed. Kim Yong-beom is a well-known figure in his homeland, where he held the role of Vice Minister of the Korea Ministry of Economy and Finance up until last year. Since stepping down from the role, which had included liaising with domestic crypto companies, Yong-beom has elected to enter crypto in an advisory capacity. Now, he’s flying the flag for the industry he once helped regulate. Government Minister Bigs up Blockchain It should come as no…

How To Mine Cryptocurrency On Android? (Ultimate Guide 2022)

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MakerDAO co-founder recommends DAI-USD depegging to limit attack surface

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In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO). In his blog post, “The Path of Compliance and the Path of Decentralization: Why Maker has no choice but to prepare to free float Dai,” Christensen disclosed miscalculating the risks related to risk-weighted assets (RWA). He stated: “Physical crackdown against crypto can occur with no advance…

Crypto bear market 70% over || what next ? || cryptocurrency Tamil

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Ethiopia-Based Crypto Service Providers Told to Register With the Country’s Cybersecurity Agency – Regulation Bitcoin News

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Cryptocurrency service providers operating in Ethiopia are now required to register with the country’s cybersecurity agency known as the Information Network Security Administration (INSA), a report has said. According to the agency, legal measures will be applied to crypto entities that fail to comply with its registration call. INSA Tasked With Developing Operating Procedures The Ethiopian cybersecurity agency, the Information Network Security Administration (INSA), has reportedly started registering crypto service providers operating in the country. The agency’s registration of crypto entities was made possible by the amendment of a law…

Bitcoin risks worst August since 2015 as hodlers brace for ‘Septembear’

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BItcoin (BTC) is on track to see its worst August performance since the 2015 bear market — and next month may be even worse. Data from on-chain analytics resource Coinglass shows that BTC/USD has not had an August this bad for seven years. September means average 5.9% BTC price losses After two major BTC price comedowns in recent weeks, Bitcoin hodlers are understandably fearful — but historically, September has delivered even worse performance than August. At $20,000, BTC/USD is down 14% this month, making this August the biggest loser since…