Month: August 2022

Embattled Crypto Futures Exchange Files for Restructuring Amid Ongoing Legal Battle

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Crypto futures exchange CoinFLEX is reportedly seeking court approval for a restructuring plan as it faces financial trouble following a substantial default by one of its customers. Citing an email sent to CoinFLEX creditors on August 9th, Fortune reports that the embattled firm filed to the Seychelles Supreme Court an application for the reorganization and restructuring of the company. CoinFLEX issues the notice in compliance with a court order and as prescribed by the IBC Act, Seychelles’ law governing international business companies (IBCs). “Notice is given to the creditors of…

Uzbekistan blocks access to foreign crypto exchanges over unregistered trading

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The government of Uzbekistan, which has previously made significant steps toward a moderate approach to crypto, announced Wednesday that it has restricted access to a number of large international crypto exchanges due to accusations of unlicensed activity.  In a statement from Aug. 10, the National Agency of Perspective Projects (NAPP) projects informed that “various electronic platforms” provide services for trade and exchange of crypto-assets without obtaining the required license in violation of the existing legislation and thus access to them was restricted. However, the tone of the statement suggested that…

Kevin O'Leary: "It's Happening Within The Next 6-12 Months For Bitcoin"

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 💥Protect your crypto with Atlas VPN only $1.99/mo 👉 Kevin O’Leary: “It’s Happening Within The Next 6-12 Months With Bitcoin” At the time of writing, Bitcoin is currently trading for $23,092.05, which is down 3.1% in the past 7 days but up 14.3% in the past 30 days. Pundits and analysts are arguing if $17k was the low or if we have another dip coming, but Kevin O’Leary, famed SharkTank Investor isn’t worried about the downside, but looking at the upside. In…

Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’ – Mining Bitcoin News

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The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power stations in Ontario, Canada, that will become crypto mining facilities. On the same day, the firm Applied Blockchain got a $15 million loan to fund growth and “buildout of its data centers.” While the bitcoin mining industry’s growth has been exponential, at the same time, bitcoin mining operations…

How Gold Continues To Prove To Be A Hedge Against Inflation

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Across multiple economic downturns and bear markets, gold has proven to be a haven for investors worldwide, with many traders and investors opting to invest in it to protect their capital against value depreciation, which occurs from inflation, causing an increase in general prices. Because gold prices are related to the US dollar value due to gold being dollar-denominated, a stronger USD keeps the price of gold down and more controlled. A weaker USD drives the gold price higher due to increasing demand. Ultimately this means that more gold can…

Has Mark Cuban Changed His Mind on Cardano?

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Billionaire entrepreneur, Shark Tank judge, and crypto investor Mark Cuban locked horns with World Mobile CEO Micky Watkins this week over the utility of projects built on Cardano. Cuban has historically been critical of Cardano and its utility and recently turned to Twitter to voice his skepticism around the potential for success of Cardano-based projects in Africa. The post led to Cardano advocates speaking out on Twitter. The community voiced their perspective on the blockchain’s ability to deliver real-world services. Cuban responded he had not seen much adoption of Cardano…

Tornado Cash DAO goes down without explanation following vote on treasury funds

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The Tornado Cash DAO went offline after many social media users reported the community discussing ways to challenge sanctions recently imposed by the United States Treasury Department’s Office of Foreign Asset Control. At the time of publication, the Tornado Cash DAO was offline reportedly following a discussion in which community members voted unanimously to add its governance layer as a signatory to its treasury’s multisig wallet, which manages a reported $21.6 million. It’s unclear what was responsible for the decentralized autonomous organization (DAO) going dark, but it followed a series…

Ethereum le cauchemar continue … ( Actualité crypto monnaie )

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ethereum ( eth ) mauvaise nouvelle Actualité crypto monnaie ✅ Abonne Toi : 💰Bon plans : 💰✅Sécurise tes cryptos avec le wallet Ledger Rejoins nos réseaux : Twitter ✅🚀 Telegram✅🚀 Discord ✅🚀 ✅ Playlist de la formation : Faites vos propres recherches ! (DYOR) Tous les avis exposés ici ne sont que des avis personnels ou le report de faits d’actualité qui ne constituent en aucun cas des conseils financiers. Vous êtes seuls êtes responsable de vos investissements réalisés. Faites vos propres…

Crypto markets bounced and sentiment improved, but retail has yet to FOMO

An ascending triangle formation has driven the total crypto market capitalization toward the $1.2 trillion level. The issue with this seven-week-long setup is the diminishing volatility, which could last until late August. From there, the pattern can break either way, but Tether and futures markets data show bulls lacking enough conviction to catalyze an upside break. Total crypto market cap, USD billion. Source: TradingView Investors cautiously await further macroeconomic data on the state of the economy as the United States Federal Reserve (FED) raises interest rates and places its asset…