Crass Kitty, founder of adult content platform Proof of Peach, describes how Web3 tools can make porn creation and consumption more ethical. Source
One Ex-Sex Worker’s Web3 Solution to Ethical Porn Consumption
Day: September 1, 2022
Hyperinflation Will Lead To Bitcoin Exploding
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Central banks have aggressively printed so much money that we are likely to see a hyper-inflationary event occur in the future. Murad explains how this could happen, how inflation affects ordinary citizens, and what role bitcoin could play in this scenario. Full Interview with Murad Mahmudov: Pomp writes a daily letter to over 200,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at View…
DeFi protocol shuts down months after the Rari Fuse hack
Decentralized finance (DeFi) protocol Babylon Finance has finally announced that it will shut down after months of trying to recover from the negative momentum that the Rari Fuse exploit caused. In a statement, founder Ramon Recuero explained that the platform experienced an insurmountable negative streak despite their team’s efforts to endure the domino effect caused by the hack. According to Recuero, the protocol lost $3.4 million in the hack. Following this, the total value locked within the platform went from $30 million to $4 million. To make matters worse, the Fuse…
Ukrainian Police Bust Crypto Call Centers Defrauding Investors Across Europe – Bitcoin News
Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information. Fake Ukrainian Call Centers Promise Foreigners Excess Profits From Crypto Trading Officers from the Main Investigative Department of Ukraine’s National Police and the Security Service of Ukraine (SBU) have dismantled a criminal group running schemes designed to misappropriate funds from citizens of the country and a number of EU nations. Its…
Indonesia plans to set up its crypto bourse by the end of 2022
The government of Indonesia returned to its plan to set up a digital assets exchange, publicly announced for the first time back in 2021. The so-called “crypto bourse” is planned to be established by the end of 2022. According to DealStreetAsia, Indonesian Deputy Trade Minister Jerry Sambuaga confirmed during NXC International Summit 2022 in Bali that the country is still planning to launch the crypto bourse, but the whole project has been delayed due to additional preparations: “We will make sure that every requirement, procedure and the necessary steps have…
Dozens of Celsius clients ask US court to recover $22.5M in crypto
The bankrupt cryptocurrency lender Celsius Network is facing more legal issues as disgruntled clients are taking action to recover their funds after the platform froze withdrawals in June. On Wednesday, an ad hoc group of 64 custodial account holders at Celsius filed a complaint with the United States Bankruptcy Court for the Southern District of New York to recover their assets. According to court documents, the creditors seek to recover more than $22.5 million worth of cryptocurrency assets collectively held in Celsius’ custody service. The group is represented by bankruptcy-focused law…
Tech giant Meitu loses over $43M of its crypto investment in bear market
Hong Kong tech giant Meitu made headlines in April 2021 after it reported nearly $100 million in crypto holdings. However, with the onset of the bear market, the tech firm has lost nearly half of the valuation of its crypto holdings. According to a local media report, Meitu reported an impairment loss of over 300 million yuan ($43.4 million) on its crypto holdings. An impairment loss is a loss in the value of an asset when it falls below the carrying value of the investment. The financial filing revealed that…
BofA: Crypto Buying Momentum Fades as Investors Weigh Bear-Market Bounce, Recession Risk
Crypto investors are switching into stablecoins and out of more volatile assets due to uncertainty about the sustainability of the “bear-market bounce” and the potential for a hard recession in the U.S., Bank of America said. Source
Crypto.com Pulls Plug on $495M Champions League Sponsorship Deal: Report
The deal, which had reportedly been agreed in principle, would have seen Crypto.com take over as sponsor from Russian-state owned energy company Gazprom. UEFA, Europe’s governing body for soccer, cancelled the Gazprom contract in March following Russia’s invasion of Ukraine. Source
Blockchain Technology – Audio Article
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Over the past few years, you have consistently heard the term ‘ Blockchain technology’ probably regarding cryptocurrencies. Blockchain is an emerging technology. Keeping this in mind we are presenting an audio article on this topic. Drishti IAS has taken an initiative to provide the best material to Civil Services Aspirants. This information will help you to make a better understanding without any coaching. Inputs are taken from reputed English Newspapers e.g. The Hindu and the Indian Express as well as team Drishti…