Day: January 13, 2023

Worldwide Grassroots Projects Can Lead Crypto Recovery

Now, it’s true that many people of color bought crypto in recent years and that, by extension, many have lost money on account of Celsius Network, FTX, Voyager Digital, et al. But there’s a subtext to Garcia’s comment – whether or not he consciously intended it –  that patronizingly paints certain communities in the U.S. and elsewhere as ill-informed and vulnerable, denying them agency and blindly missing a bigger story of empowerment. Source

Monero On A Bullish Run But Will The Momentum Hold?

boss

The Monero price has rallied over the past week since the broader market recovered. Over the last 24 hours, XMR was consolidating despite its weekly gains. The coin traded laterally over the past few sessions before it started to dip on its chart. As momentum halted recently, it is still uncertain whether XMR will resume its upward price movement. The technical outlook of the coin continued to side with the bulls despite lateral trading. Accumulation remains high on the chart despite a downtick in demand over the last trading sessions.…

Bitfarms seeks to modify loan facility with BlockFi as bear market drags on

boss

Bitcoin (BTC) mining company Bitfarms has unveiled plans to modify an existing loan agreement with BlockFi — a move the company said would reduce its indebtedness amid the bear market. On Jan. 13, Bitfarm disclosed that it is working with creditors to modify a loan agreement for Backbone Mining Solutions, or BMS, which owns and operates Bitfarms’ 20-megawatt mining facility in Washington state. BMS received a $32 million equipment financing loan from Bitcoin lender BlockFi in February 2022. The loan was secured against existing BMS assets, including its miners and…

Is Sam Bankman-Fried Losing His Mind?

Bankman-Fried’s “FTX Pre-Mortem Overview” repeats the same ham-fisted evasions and outright lies that marked his pre-arrest public apology tour. The repetition yet again of these claims and evasions, so manifestly divorced from clear public knowledge, is a strong enough sign of some manic decoupling. But the writing itself, with its wandering need and scattered malapropisms, also hints at something beneath the surface. Original Source BankmanFriedLosingMindSam CryptoX Portal

NFTs have a brighter future on Instagram than on Twitter

boss

The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030.  This comes off the back of Twitter having recently announced NFT Tweet Tiles and Instagram releasing an array of different NFT-related tools, and many NFT enthusiasts are naturally starting to deliberate which one will come out on top as the go-to social media platform for NFTs. Going by their unique value…

SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’ – Regulation Bitcoin News

boss

The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors,” the SEC alleged. SEC Takes Action Against Gemini and Genesis The U.S. Securities and Exchange Commission (SEC) announced Thursday that it has charged Genesis Global Capital LLC and Gemini Trust Company LLC “for the unregistered offer and sale of securities to retail investors through…

MIT, Maiden Labs examine CBDC inclusiveness issues in report from 4 countries

boss

The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) and associated organizations marshaled a sizable team of researchers in four low- and middle-income countries — India, Indonesia, Nigeria and Mexico — to study inclusion issues related to retail central bank digital currency (CBDC) design. They released the results of their 15-month research project on Jan. 13. In spite of a growing body of work related to CBDCs, “few if any proponents have offered practical insight into how CBDC will promote greater access to financial services,” the DCI, along with…

What is regenerative finance (ReFi), and how does it impact NFTs and Web3?

boss

In many countries, millions of people clack basic equitable access to the financial services that would allow them to meet their daily needs. On this week’s episode of NFT Steez, hosts Alyssa Expósito and Ray Salmond meet with Mashiat Mutmainnah to discuss how regenerative finance (ReFi) can provide more accessibility and inclusivity to blockchain technology.  Mutmainnah explained that as a “mission-driven movement,” ReFi enables users to redefine their relationship with the current financial system and their relationship with finance and wealth. What if there were newer models that could sustainably…

Peter L. Brandt Claims Bitcoin Is Putting In Its Cycle Low “Now”

boss

Career commodities trader Peter L. Brandt is now claiming that Bitcoin is putting in a “low for this cycle now,” according to a new TradingView post. This call for a bear market bottom is already being met with skepticism, but given the chilling accuracy at which Brandt had made related to his cryptocurrency bets in the past, there could be more validity than investors are ready to accept. Peter L. Brandt TradingView Post Calls For Cycle Low In BTC In a new TradingView post currently trending on the charting platform’s…