Day: September 8, 2022

Bitcoin whales send BTC to futures exchanges in ‘classic’ bottom signal

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Bitcoin (BTC) whales are betting on a rebound as fresh data shows “classic” bottom behavior. According to on-chain analytics platform CryptoQuant, large-volume investors are moving coins to derivatives exchanges en masse this month. Analyst: Whales protectin positions “forming a local bottom” As BTC/USD hit its lowest levels since the end of June, whales were responding kind. In one of its Quicktake market updates posted on Sep. 7, CryptoQuant analyst Maartunn flagged a marked uptick in the monthly average number of transactions made between spot exchanges and derivatives platforms. Whales, Maartunn…

Blockchain in Manufacturing Market Speculated to Generate $766.2m in Revenue by 2030

The blockchain in the manufacturing market is expected to render revenue worth $766.2 million in 2030, according to Verified Market Research.  With a market value of $40 million set in 2021, this sector is anticipated to record a compound annual growth rate (CAGR) of 80% during the forecast period between 2022 and 2030. Per the announcement: “Increasing worldwide energy demand motivates energy and power firms to explore blockchain solutions that can help them improve productivity while reducing maintenance and downtime.” Therefore, the energy, electricity, and industrial sectors are…

ICO takes action against two government departments for failing to comply with the Freedom of Information Act 2000

The Information Commissioner’s Office (ICO) has issued an enforcement notice to the Department for International Trade (DIT) and a practice recommendation to the Department for Business, Energy and Industrial Strategy (BEIS), for persistent failures to respond to information access requests within the statutory time limit. The action comes under the ICO’s renewed approach to regulating the Freedom of Information Act 2000 (FOIA), which commits to taking action against public authorities with consistently poor performance. The approach is set out in the ICO’s new FOI and Transparency Regulatory Manual and strategic…

BITCOIN EXCHANGE COINBASE JUST CRASHED AND BURNED

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today let’s talk about if Coinbase’s horrible earnings crashed and burned Bitcoin. Also, big inflation numbers coming out tomorrow. This might be the biggest CPI data of the year. 📊Buy Bitcoin & Crypto w/ Binance ($600 Sign Up Bonus) 🟪Buy Bitcoin & Crypto with IRA/401k w/ItrustCapital ($100 Bonus) 💳Get a Bitcoin Reward Credit Card (1.5% Back in BTC): 🚨Protect Yourself with NordVPN (69% off) 🔒Safeguard Your Bitcoin and Crypto w/ Ledger Hardware Wallet 🚧Buy Crypto Domain Names w/ Unstoppable Domains: 🔥CryptosRus’ Best…

Judge in MTI Liquidation Case Issues Order Designating Bitcoin an Intangible Asset – Regulation Bitcoin News

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A judge in the collapsed online bitcoin trading platform Mirror Trading International’s liquidation case has issued a provisional liquidation order that outlines the criteria to be used when reimbursing investors. The order also reportedly directs the liquidators to regard bitcoin “as [an] intangible asset that constitute[s] property.” Claims for Reimbursement Must Be Submitted in Local Currency A South African High Court judge recently granted an order outlining the criteria that liquidators of Mirror Trading International (MTI) — the collapsed bitcoin Ponzi scheme — should use when distributing recovered funds to…

Ethereum Merge: What You Need to Know

At long last, the Ethereum Merge is finally around the corner. In this FAQ, we take a step back and quickly address a handful of the myths and misconceptions that have popped up surrounding the Merge, Ethereum’s transition to proof-of-stake scheduled for around Sept. 15. Source EthereumMerge CryptoX Portal

Sony Music files trademark application for NFT-authenticated music

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American music giant Sony Music Entertainment has signaled intentions to utilize non-fungible tokens (NFTs) after filing a trademark application covering music and artists under the Columbia Records logo.  According to an Aug. 30 trademark application to the United States Patent and Trademark Office (USPTO) shared by trademark attorney Mike Kondoudis on Sept. 6, the application covers “audio and video recordings featuring live musical performances authenticated by NFTs.” #SonyMusic has filed a trademark application for the Columbia Records logo claiming plans to use it for:▶️ NFT Backed Media▶️ Music + Podcast Production▶️…

The U.S. economy will likely 'collapse'; Gold and Bitcoin will ensure your survival – Max Borders

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Max Borders, Executive Director of Social Evolution, discusses how a debt crisis will cause the collapse of the U.S. economy, and why he is starting to admire preppers. He also talks about Bitcoin and gold’s role, not just as an investment, but also as insurance against what is coming. He spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, at the FreedomFest conference in Las Vegas. Follow Michelle Makori on Twitter: @MichelleMakori ( Follow Kitco News on Twitter: @KitcoNewsNOW (…

Aave devs look set to receive $16.3M via retroactive funding

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The DAO behind the decentralized finance (DeFi) platform Aave has accepted a proposal to reward members from Aave Companies with $16.28 million in retroactive funding for their role in the development of Aave Protocol V3. Voting for the proposal began on Sept. 6, and at the time of writing has already passed 667,000 votes in favor of the funding, more than doubling the 320,000 required. The vote is set to end on Sept. 8. According to the initial proposal, which was first pitched on Aug. 10, the Aave Request for…