Day: September 5, 2022

UK regulators target Revolut for ‘material misstatement’ in audit: Report

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The United Kingdom’s Financial Reporting Council has reportedly found flaws in the audit of cryptocurrency-friendly payments app Revolut that included an “unacceptably high” risk of “material misstatement.” According to a Monday report from the Financial Times, the U.K. Financial Reporting Council criticized the results of a Revolut audit released in July by accountancy and business advisory firm BDO, claiming the company had an “inadequate” approach to revenue recognition and “the risk of an undetected material misstatement was unacceptably high.” The financial regulator reportedly said BDO had inadequately tested Revolut’s payment…

$500 Million In Bitcoin Shorts Pile In As BTC Price Below $20K

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Bitcoin has experienced a trading session with low volatility as the cryptocurrency moves in a tight range. The cryptocurrency is flirting with a critical support zone at around $19,500 which has been able to hold despite last week’s spike in selling pressure. At the time of writing, the price of Bitcoin (BTC) trades at $19,700 with sideways movement during the last 24 hours and the past week. As the price of Bitcoin stalls, crypto investors seem to be shifting their attention to other cryptocurrencies or waiting to see if these…

POKÁČ – KOUPIL JSEM SI BITCOIN

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io V dnešním investičním speciálu si ukážeme, jak co nejvíce zchudnout v co nejkratším čase. Jak jste na tom s akciema vy? POKÁČOVO O2 ARENA 24.9.2022 – Merch – Instagram – Spotify – Youtube – TikTok: Facebook – Koncerty: TEXT & AKORDY v připnutém komentáři Pomáhej dětem s rakovinou: Pomáhej zvířátkům: ps: Dík za každej poslech, zhlídnutí, koment, lajk, sub a zvoneček! 🙂 ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Netflix bans crypto commercials on ad-based streaming service: Report

Streaming giant Netflix has reportedly banned cryptocurrency-related commercials on its ad-supported subscription tier, which is scheduled to launch in November months ahead of schedule.  Citing local sources, The Sydney Morning Herald reported Monday that Netflix has decided to reject all advertising campaigns related to politics, gambling and cryptocurrency on its new subscription tier. The new tier will also not run ads selling products to children. The same sources indicated that restrictions on pharmaceutical ads were also being considered. According to Variety, Netflix has moved up the timeline for launching its…

Meitu Loses More Than $43M In Crypto Investments Amid Bear Market

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During the crypto bull run last year, Bitcoin hit the $50,000 mark for the first time and exceeded many expectations. As a result, several investors purchased bitcoin at that time. The Hong Kong Tech giant Meitu was one of the companies that acquired bitcoin as a treasury reserve. As the market hit a decline, the tech giant suffers impairment loss. This is a type of loss where the value of an asset falls below the investment carrying value. Bitcoin has lost over 50% of its value in the second quarter…

Ethereum Classic books 12% rally as mining support for ETC gains pace

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Ethereum Classic (ETC) price rallied on Sept. 5 on back-to-back positive reports concerning its adoption among crypto miners. Top mining pool supports Ethereum Classic On the daily chart, ETC’s price surged 14.5% to nearly $37.25 per token. Its massive gains came days after BTC.com, a blockchain explorer and crypto mining pool, launched a specialized Ethereum Classic pool with “zero-fee” mining for three months. ETC/USD daily price chart. Source: TradingView The announcement appeared after “the Merge,” a long-awaited network update that would switch Ethereum’s energy-intensive proof-of-work (PoW) protocol to a “cost-efficient” and…

Reserve Bank of India preparing to trial a CBDC with public sector banks and fintechs

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The Reserve Bank of India (RBI) is in talks with fintech companies and state-controlled banks about a trial run of a central bank digital currency (CBDC), local publication Moneycontrol reported on Sept. 5. An unnamed public sector bank official told the publication that the trial may precede an RBI launch of a CBDC this fiscal year. U.S.-based financial services company FIS was mentioned as one of the fintech companies with which the RBI is consulting. FIS senior director Julia Demidova confirmed to Moneycontrol that, “FIS has had various engagements with the…

Bora codar uma blockchain DO ZERO

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io No vídeo de hoje, vou contar um pouco da história da blockchain e como ela funciona. Depois, vamos implementar um protocolo básico de blockchain para entender o conceito. 📖 Conteúdo 00:00 Introdução 00:34 O que é uma blockchain 01:47 O que são hashes 03:07 História da blockchain e curiosidades 05:20 Implementações distribuídas da blockchain 06:25 Proof of work (Prova de trabalho) 10:25 Árvores e Hash Trees 11:24 Introdução a demo 12:05 Início da demo 13:10 Criando o arquivo inicial 17:17 Criando a…

Old Bitcoin Supply Moves Into Derivatives, Whales Setting Up Long Positions?

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On-chain data shows Bitcoin supply older than two years has moved into derivative exchanges recently, suggesting whales may be positioning themselves on the futures market. Derivative Exchange Inflow Of Bitcoin Supply Older Than 2 Years Has Spiked Up As pointed out by an analyst in a CryptoQuant post, the recent short-dominant open interest has gone down while some old coins have just been shifted into exchanges. The relevant indicator here is the “derivative exchange inflow,” which measures the total amount of Bitcoin moving into wallets of all derivative exchanges. A…

Value Locked in Lido Rises Prior to Ethereum’s Merge, LDO Token Jumps 23% Higher in 7 Days – Bitcoin News

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In eight days Ethereum is planning to undergo one of the most intensive upgrades since the DAO hard fork in 2016, as The Merge aims to change the network’s consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS). Amid the lead-up to The Merge, the decentralized finance (defi) and liquid staking protocol Lido’s total value locked (TVL) jumped 6.34% this week and the project’s native token increased by more than 23% against the U.S. dollar during the past seven days. Liquid Staking Service Lido Sees Demand Ahead of The Merge The…