Month: August 2022

Binance Aus ramping up measures to protect vulnerable users, says CEO

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Binance Australia is tightening up its onboarding process for new users as part of a push to protect users it’s flagged as most vulnerable to financial crypto crime. The new measures were mentioned in Binance Australia’s June quarter Economic, Social, and Governance (ESG) report on Aug. 29, which noted that the exchange was working on a “stringent and user-focused onboarding experience” aimed at groups with a higher occurrence of financial crime. Speaking with Cointelegraph, Binance Aus CEO Leigh Travers and Zachary Lu from the exchange’s Financial Crime, Risk and Compliance…

Amid Colorado’s Gas Flare Ban, Report Shows Half Dozen Gas and Oil Firms Are Raking in a Lot of Bitcoin – Bitcoin News

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In November 2020, Colorado banned gas flaring, venting, and the release of raw gas into the atmosphere. While the centennial state has a large number of well sites, a recent report shows that roughly a half dozen Colorado oil and gas companies are leveraging gas-to-bitcoin flare mitigation systems and these firms are raking in a lot of bitcoin. Report Shows at Least a Half Dozen Colorado-Based gas and Oil Firms Are Leveraging Gas-to-Bitcoin Mitigation Solutions On August 29, 2022, the Colorado Sun author Mark Jaffe reported on Colorado-based gas and…

Cryptopia | PELÍCULA PREMIADA | Web 3.0 | Documental Sobre Blockchain | Criptomonedas

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ¿Sufres de criptoconfusión? Entonces este documental entretenido y educativo es para usted. Ha ganado más de una docena de premios en festivales de cine internacionales. Cinco años después de su primer documental sobre el Bitcoin, el premiado productor y director Torsten Hoffmann vuelve a tratar el tema y se propone explorar la evolución de la industria del blockchain y sus nuevas y elevadas promesas. ¿Puede esta tecnología, diseñada para funcionar con independencia de la confianza y dentro de una red descentralizada, ofrecer…

Litecoin (LTC) Performs Better Than Bitcoin In Last 24 Hours

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Litecoin (LTC) has been having a rough time pumping its value since 2022’s big market meltdown. The majority of cryptocurrencies likewise was experiencing the same misery. Since last month, however, the (bear) market has shown indications of resurgence (well, depending on which cryptocurrency article you are reading), allowing LTC to reach $63 by the middle of this month. The public’s interest in cryptocurrencies has varied drastically over the past several years. It has piqued the curiosity of investors, whose passion with cryptocurrencies has increased with time. Bitcoin, which has become…

Ethereum scaling network Arbitrum set for major upgrade on Aug. 31

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Ethereum layer-2 scaling solution Arbitrum is set to undergo one of its most significant upgrades on Wednesday, set to increase transaction throughput, slash transaction fees and simplify cross-chain communication between Arbitrum and Ethereum. Referred to as the “Nitro” upgrade, Arbitrum reconfirmed the date of the upgrade in a Twitter post on Aug. 29, confirming that the upgrade will take effect on Aug. 31 at 10:30 AM Eastern Time, while noting a two to four hours of network downtime period is to be expected. Reminder — Arbitrum One is upgrading to…

Ethereum Is About To EXPLODE! – Raoul Pal On The Ethereum Merge & Latest Crypto Update

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum Is About To EXPLODE! – Raoul Pal On The Ethereum Merge & Latest Crypto Update, Price Prediction and Bitcoin, Ethereum and Crypto Market Update The Ethereum Merge or Ethereum 2.0 is coming September the 19th and not enough people are talking about what may be the biggest day in the history of the Internet. One investor who is screaming from the rooftops about how big an opportunity this is, is Macro economic investor Raoul Pal. Raoul has been a long term,…

Ethereum Just Reversed and $1,600 is Imminent, Here’s Why

Ethereum started a strong recovery from the $1,425 zone against the US Dollar. ETH is back above $1,500 and might rise further towards the $1,600 resistance. Ethereum remained well supported above the $1,425 zone. The price is now trading above $1,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,485 on the hourly chart of ETH/USD (data feed via Kraken). The pair is eyeing more gains above the $1,560 and $1,565 resistance levels. Ethereum Price Starts Recovery Ethereum…

‘Most of crypto is still junk’ and lacks use case — JPMorgan blockchain head

The head of JPMorgan’s digital assets unit Umar Farooq has suggestedthat most of the crypto assets on the market are “junk” and that real crypto use cases are yet to fully present themselves. During a panel discussion at the Monetary Authority of Singapore’s Green Shoots Seminar on Aug. 29, Farooq stated that regulation is yet to catch up to the burgeoning industry which is holding back many traditional financial (TradFi) institutions from getting involved. He also opined that with the exception of a few, utility for most crypto assets is…

Argentina’s Mendoza province now accepting crypto for taxes and fees

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In another shift toward widespread crypto adoption in Argentina, citizens from the Mendoza Province can now pay government fees and taxes using cryptocurrencies.  In an Aug. 27 statement, the Mendoza Tax Administration (ATM) described the new crypto payment service as fulfilling “the strategic objective of modernization and innovation,” giving “taxpayers different means to comply with their tax obligations.” The service officially began operation on Aug 24., but at this stage, it will only accept stablecoins such as Tether (USDT) for tax payments. Citizens can pay through the portal on the…

IMF Expects US Economy to Experience High Inflation for at Least Another Year or Two – Economics Bitcoin News

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The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point for the U.S.,” IMF First Deputy Managing Director Gita Gopinath cautioned. IMF on US Economy and Global Inflation The first deputy managing director of the International Monetary Fund (IMF), Gita Gopinath, discussed global inflation and the U.S. economy in an interview with Bloomberg Friday in Jackson Hole, Wyoming. Responding to a question about whether global inflation has peaked, she said:…