Day: September 2, 2022

Vitalik Buterin Expected Crypto Crash Earlier, ETH Battles With $1,600

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The inventor of Ethereum, Vitalik Buterin, gave an interview talking about the current state of the crypto market, its dynamics, and the impact of the crypto winter on developers. The second crypto by market cap has displayed a week with low volatility as it prepares to complete its migration to a Proof-of-Stake consensus with “The Merge”. At the time of writing, Ethereum (ETH) trades at $1,610 and records a 3% profit in the last 24 hours and a 5% loss over the past week. Large cryptocurrencies have been moving sideways…

Runaway Thodex Crypto Exchange CEO Arrested in Albania, Turkey Says

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The Turkish Ministry of Internal Affairs announced on Tuesday that 28-year-old Faruk Fatih Ozer, Founder and CEO of folded Turkish cryptocurrency exchange Thodex, has been arrested in Albania. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. The ministry said Fatih was rounded up in Vlorë, a city in Southern Albania, after he was found through his biometric identification. The government ministry further noted that the process to extradite Fatih to Turkey has…

Armenia aims to position itself as a Bitcoin mining hub

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At the end of August, a digital platform called ECOS Free Economic Zone delivered good news from a country that rarely sparks on the global crypto map — Armenia. ECOS reported adding 60 megawatts (MW) of capacity to its power plant-based facility, operating since 2018.  Situated at one of the hydroelectric plants on the Hrazdan river, the mining facility gets its electricity supply directly from the high-voltage grid and uses the site’s infrastructure to power containers. The platform’s representatives noted that ECOS could expand to an additional 200MW of clean…

MiCA coming in hot in October, NFTs not in focus: EU regulators

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Members of the Germany-based Bundesblock, otherwise known as the German Blockchain Association, updated the community on the upcoming Markets in Crypto-Assets (MiCA) regulations in a virtual panel held on Thursday, Sept. 1. According to the panel, the final legal text for the long-awaited regulations is set to be released in the upcoming four to six weeks. However, nonfungible tokens (NFTs) and stablecoins are still not covered, while crypto asset service providers (CASPs) are discussed in scope. @bundesblock panel discussion of #MiCAR with @DrStefanBerger, @SchildtMoritz, @paddi_hansen, moderated by Alireza Siadat. Key take…

Crypto Investor BnkToTheFuture Agrees to Buy Salt to Add Crypto Lending

The firm, which allows qualifying clients to invest in crypto companies, security tokens and alternative financial products like bitcoin-centered retirement plans, said it also plans to develop ways of helping distressed lending platforms and their customers deal with their situation. It declined to be more specific. It has proposed a restructuring bid for Celsius, in which it holds a 5% stake. The firm was said to have been eyeing the loan book business of Celsius, according to people familiar with the matter. Source

BITCOIN e CRIPTOVALUTE: Cosa sono e come funzionano? | Spiegato SEMPLICE | Corso BASE di Crypto Ep.1

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin e Criptovalute… Cosa sono esattamente e come funzionano? Scopriamo tutto quello che c’è da sapere in questa prima puntata del nostro nuovissimo corso base! Stai sul pezzo: Inizia il nostro nuovo corso, dedicato alle basi di Bitcoin, blockchain e Criptovalute, per chiunque è appena arrivato e vuole studiare prima di investire ma anche per chi vuole farsi un bel ripasso, che non fa mai male! Partiamo dall’inizio, indagando cosa sono e come funzionano Bitcoin e le Crypto, qual è il loro…

South Korea expands its efforts to regulate Metaverse

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South Korea continues its immersion in Web3 and the Metaverse. After investing almost $200 million in the creation of its own metaverse ecosystem and publishing the “Metaverse Ethical Principles,” the country’s government is now preparing the Metaverse Industry Promotion Ac. As reported by local media on Sept. 1, Heo Eun-ah, a member of the National Assembly with an entrepreneurial past, proposed the enactment of the Metaverse Industry Promotion Act to support the Web3 industry. A number of other National Assembly members supported Eun-ah’s proposal. According to the bill, the Metaverse…

Did Merge Optimism Lift Ether or Was It the S&P 500?

Possibly behind the equity rally in July and the first half of August was the hope that inflation has peaked and the Federal Reserve would resort to rate cuts next year. That dovish Fed narrative, however, fizzled out in the second half last month, bringing renewed weakness in stocks and cryptocurrencies, with ether tumbling more than 20% from a peak hit on Aug. 14. Source EtherliftMergeOptimism CryptoX Portal

Thailand SEC to apply strict guidelines for crypto ads

Thailand’s Securities and Exchange Commission (SEC) will implement stringent advertising rules for cryptocurrency firms operating in the country by October 2022. The Thai SEC informed cryptocurrency-related businesses operating in the country via email that adverts concerning digital currencies must have clear investment warnings to consumers on Sep. 1. The statement was later posted on the SEC website. The Securities regulator has instituted the new standards for cryptocurrency-related adverts in response to a number of marketing campaigns that have neglected to include investment risk warnings. The new standards will require adverts…