Day: November 8, 2022

ICO launches consultation on how it prioritises FOI complaints

The Information Commissionerโ€™s Office (ICO) has launched a consultation on how it prioritises the complaints it receives about public bodiesโ€™ handling of Freedom of Information (FOI) requests. Limited funding, an increase in FOI cases brought to the ICO and an increased need to support stretched public authorities have created โ€˜a perfect stormโ€™. The ICO is therefore looking at ways to improve its FOI casework services to make information rights work more effectively. The proposal is to prioritise complaints where there is a clear public interest in the information that has…

2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million โ€“ Mining Bitcoin News

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Another bitcoin mining company is dealing with financial issues as Iris Energyโ€™s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energyโ€™s Form 6-K filing explains to the SEC that the firm โ€œreceived a notice from its lender alleging the occurrence of an event of default and acceleration under the respective limited recourse equipment financing facilities.โ€ Bitcoin Mining Company Iris Energy Faces Default on 2 Loans On Nov. 7, 2022, the bitcoin mining firm Iris Energy updated investors…

Alameda on the radar of BitDAO community for alleged dump of BIT tokens

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The recent concerns related to the volatility of FTX Token (FTT) seeped into FTX CEO Sam Bankman-Friedโ€™s other business operation, Alameda Research, as the BitDAO community requested information about Alamedaโ€™s BitDao (BIT) holding commitment. On Nov. 2, 2021, BitDAO swapped 100 million BIT tokens with Alameda in exchange for 3,362,315 FTT tokens with a public commitment to hold each otherโ€™s tokens for three years, so until Nov. 2, 2024. Given the rising uncertainties and speculations, the BitDAO community was quick to react to the sudden fall of BIT prices on…

Global Money Laundering Watchdog Says Crypto Monitoring Regime Is Unchanged

Since 2018, the international body has looked to define virtual assets and service providers in order to apply guidelines for anti-money laundering (AML) and combatting the financing of terrorism (CFT) to the crypto industry. In 2021, it published updated guidance for virtual asset service providers. Earlier this year, it said nearly half of the world’s jurisdictions still weren’t requiring crypto service providers to identify their customers properly. Source

“The Cycle Is TURNING” Raoul Pal INSANE New Bitcoin & Ethereum Prediction

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io About Raoul Pal: Raoul Pal is a co-founder of Real Vision, a financial media company offering in-depth video interviews and research publications from the world’s best investors. Prior to starting Real Vision, Raoul ran a successful global macro hedge fund. Credits: To watch Raoul’s full interview: A Breakdown of ‘Crypto Winter’ With Crypto Expert Raoul Pal Business Casual with Nora Ali To Follow Raoul on Twitter to see all his latest updates: To sign-up to Real Vision (Strongly Recommended!) Check them out…

Ethereum Loses $1,500 Grip As ETH Heads Down To Correction

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Ethereum may have finally exhausted its energy after going full throttle over the last few days that enabled it to briefly hit $1,675. As the altcoin alpha has finally entered the expected correction phase, analysts shared their thoughts, saying the crypto, at all cost, must hold its $1,500 support zone if it hopes to initiate another bullish rally anytime soon. Letโ€™s take a quick glance at how Ether has performed so far this month: Ethereum failed to hold the crucial $1,500 support marker ETH has declined by 6.3% over the…

Dogecoin (DOGE) Makes U-Turn, Why This Support Might Start Fresh Increase

Dogecoin declined heavily from the $0.160 resistance against the US Dollar. DOGE could start a fresh increase if it stays above the $0.090 support zone. DOGE topped near the $0.160 zone and started a fresh decline against the US dollar. The price is trading well above the $0.0700 zone and the 100-day simple moving average. There was a break below a key rising channel with support near $0.1180 on the daily chart of the DOGE/USD pair (data source from Kraken). The pair must stay above the $0.090 support zone to…

ASIC Shows How to Spot a Cryptocurrency Scam

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The Australian Securities and Exchange Commission (ASIC ASIC The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the idea was to unite regulators in Australia by replacing the National…

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Here Are The Most Recent Stats & On-Chain Data

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Is this the beginning of the end for FTX and Alameda Research? Or will both organizations come out stronger on the other side? As NewsBTC reported, Binanceโ€™s CZ smelled blood in the water and announced his exchange was selling their FTT reserves. That created a sort of a bank-run that left FTX in a dangerous position. Are both of the Sam Bankman-Fried-led organizationsโ€™ destinies tied to the FTT token? Or will they be fine even if it falls? In the most recent Bitcoin Magazine Pro report, they describe the current…