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Keyword: crypto

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  • California's new crypto bill gets vetoed by governor Newsom [pigs fly: Newsome vetoes a regulation bill!]

    09/26/2022 9:25:12 PM PDT · by catnipman · 4 replies
    kitco ^ | 9/26/2022 | Jordan Finneseth
    California Governor Gavin Newsom has vetoed a bill crafted to create a licensing and regulatory framework for cryptocurrency firms in the state, Under the bill, crypto companies wishing to serve California residents would be required to first receive a license to do so, and it would have also formally adopted new rules governing stablecoins. This includes a requirement that licensed companies only engage with bank-issued stablecoins, which must remain 100% backed by reserves.
  • Matt Damon-endorsed crypto platform sues Australian woman after accidentally sending her $7.1 million instead of $68

    09/06/2022 3:04:58 AM PDT · by zeestephen · 31 replies
    CNBC ^ | 01 September 2022 | MacKenzie Sigalos
    It took seven months for the Matt Damon-endorsed Crypto.com to realize that it accidentally sent AU$10.5 million dollars (about USD$7.1 million at todays exchange rate) to a woman in Australia, instead of the 100 Australian dollar refund she requested...Court documents show that in May 2021 an employee for the Singapore-based trading platform mistakenly entered an account number into the payment amount field.
  • A pair of hacks rattle an already jittery crypto industry

    08/04/2022 1:40:07 PM PDT · by BenLurkin · 11 replies
    washingtonpost.com ^ | August 3, 2022 at 8:42 p.m. EDT | By Steven Zeitchik
    On Wednesday, Solana, a popular blockchain and token, said that some wallets that held its assets had been breached. At least 7,700 such wallets are believed to be affected, the company said, while London-based blockchain-analysis firm Elliptic put the amount stolen at $5.2 million in crypto, which includes Solana tokens and the stablecoin known as USD Coin. The hack is believed to have taken hold on wallets such as Slope and Phantom. These are “hot wallets” — that is, wallets that allow for lightning-fast transactions because they are always connected to the internet, as opposed to “cold wallets,” which usually...
  • Homeless, suicidal, down to last $1,000: Celsius investors beg bankruptcy judge for help (crypto coin)

    08/02/2022 2:39:33 PM PDT · by dynachrome · 41 replies
    CNBC ^ | 8-2-22 | MacKenzie Sigalos
    Celsius Network, once a titan of the crypto lending world, is in bankruptcy proceedings and facing down claims that it was running a Ponzi scheme by paying early depositors with the money it got from new users. Some of the 1.7 million customers ensnared by the alleged fraud are now directly pleading with the Southern District of New York to help them get their money back. Christian Ostheimer, a 37 year-old living in Connecticut, wrote in a letter included in court exhibits that he trusted Celsius with his retirement savings and has lost more than $30,000, which has brought him...
  • WEF pushes for restricting “certain types of actors and transactions” from using decentralized finance (Important Read)

    07/16/2022 11:32:12 AM PDT · by Hostage · 22 replies
    Reclaim The Net ^ | July 13, 2022 | Didi Rankovic
    Issue: July 13, 2022 https://reclaimthenet.org/wef-restricting-certain-actors-defi WEF pushes for restricting “certain types of actors and transactions” from using decentralized finance Kicking people out of the financial system. Like the response to trucker protests in Canada demonstrated earlier in the year, a centralized and tightly controlled financial system makes it very easy to punish those participating. On a much bigger scale, the same is true of entire countries – if they are dependent solely on centralized international systems, they can be cut off at any point, and those in control of the systems can use them as very effective weapons. But the...
  • 80,000 Bitcoin millionaires wiped out in the great crypto crash of 2022

    06/30/2022 1:48:57 PM PDT · by Trump20162020 · 47 replies
    Coin Telegraph ^ | June 30, 2022 | Tom Mitchelhill
    More than 80,000 Bitcoin (BTC) investors have had their millionaire status revoked due to the crypto market downturn. Back on Nov. 12, just days after Bitcoin hit a new all-time high of around $69,000, a total of 108,886 BTC addresses reported a balance greater than $1 million, according to data from BitInfoCharts. Fast forward to the present day, with the price of Bitcoin struggling to hold above $20,000, a mere 26,284 addresses are reported to contain holdings valued at upward of $1 million, meaning that the number of paper millionaires has declined by more than 75% throughout the last nine...
  • Four Reasons to Remain Bullish on Bitcoin: The Long Term Is Still Bright for Crypto

    06/28/2022 9:24:04 PM PDT · by SeekAndFind · 18 replies
    Palm Beach Research Group ^ | 06/28/2022 | Greg Wilson
    On Saturday, June 18 the price of bitcoin fell to around $17,700… its lowest price since 2020, and a 74% drop from its all-time high last November.Now, it doesn’t take much for bitcoin and crypto critics to declare the end of crypto… so when bitcoin fell below $18,000 for the first time in years, you can imagine what happened.It was once again the death of bitcoin as we know it… and the fifteenth declaration of bitcoin’s demise in 2022, according to Bitcoin Obituaries.But regular Daily readers know that these headlines aren’t anything new… we see them all year long, regardless...
  • $100 million worth of crypto has been stolen in another major hack

    06/25/2022 8:46:19 AM PDT · by DUMBGRUNT · 54 replies
    CNBC ^ | 24 June 2022 | Ryan Browne
    Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge developed by crypto start-up Harmony. It follows a series of similar attacks on blockchain bridges, including the $600 million Ronin Network heist and the $320 million stolen from Wormhole. In a follow-up tweet, Harmony said it’s working with the Federal Bureau of Investigation and multiple cybersecurity firms to investigate the attack.
  • Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout

    06/19/2022 11:52:22 AM PDT · by Presbyterian Reporter · 21 replies
    WSJ ^ | june 17 2022 | Serena Ng
    Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders, after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday. “We have always been believers in crypto and we still are,” Kyle Davies, Three Arrows’s co-founder, said in an interview. “We are committed to working things out and finding an equitable solution for all our constituents.” The nearly decade-old hedge fund, which was started by former schoolmates and Wall Street currency traders Su Zhu and Mr. Davies, had...
  • Decentralization is Inevitable

    06/17/2022 8:17:05 PM PDT · by RobaWho · 10 replies
    CD Media ^ | Rob Cunningham
    Thank God for truth, divine law and our inherited common sense. A nation built upon lies, fraud and ulterior motives has never lasted. People who betray their sworn oaths to honestly serve their fellow man do great harm to their fellow man. And unfortunately, citizens who are innocent, naive, self-indulgent, distracted and disengaged from the process of self-governance will suffer greatly as wayward governments run by narcissistic politicians collapse under decades of compounded corruption. We become enslaved by our lack of knowledge, until such time we find the courage to escape our captors. The controlling minority of politicians in our...
  • Crypto hedge fund Three Arrows fails to meet lender margin calls

    06/17/2022 1:14:28 AM PDT · by markomalley · 5 replies
    Financial Times ^ | 6/17/22 | Kadhim Shubber and Joshua Oliver
    Three Arrows Capital failed to meet demands from lenders to stump up extra funds after its digital currency bets turned sour, tipping the prominent crypto hedge fund into a crisis that comes as a credit crunch grips the industry. The group’s failure to meet margin calls this past weekend makes Three Arrows the latest victim of an acute fall in the prices of many tokens such as bitcoin and ether that is rippling across the market. Singapore-based Three Arrows is among the biggest and most active players in the crypto industry with investments across lending and trading platforms. Lenders have...
  • Crypto giant Kraken offers 4 months' pay for employees who don't agree with its libertarian principles to leave

    06/15/2022 10:51:25 PM PDT · by American Number 181269513 · 9 replies
    Business Insider ^ | June 14, 2022 | Katie Canales
    Kraken, one of the world's largest cryptocurrency exchanges, will pay employees four months' worth of wages to leave if they disagree with its values, according to The New York Times. In a Wednesday report detailing internal cultural turmoil at the company, the publication cited interviews with Kraken employees who recounted "hurtful" comments around preferred pronouns and demeaning statements toward women, among other incendiary remarks, made by CEO Jesse Powell. The employees also said Powell held a companywide meeting on June 1 in which he unveiled the program, called "Jet Ski," designed to incentivize employees to leave if they don't believe...
  • Jack Dorsey and Jay-Z under fire for bitcoin education program in public housing complex

    06/15/2022 10:26:39 AM PDT · by Red in Blue PA · 21 replies
    Jack Dorsey and Jay-Z are facing questions after launching an educational program in a Brooklyn public housing complex the billionaires say will help marginalized communities achieve financial independence through cryptocurrencies.
  • California governor signs executive order shaping cryptocurrency regulation in the state

    05/08/2022 5:44:22 AM PDT · by BenLurkin · 10 replies
    The Verge ^ | May 7, 2022
    The executive order calls upon the California Governor’s Office of Business and Economic Development (GO-Biz) to collaborate with the state’s Department of Financial Protection and Innovation (DFPI) and Business, Consumer Services and Housing Agency (BCSH). Together, the state agencies are tasked with devising “potential blockchain applications and ventures,” which could include applications in the “private sector, academia, and community.” It also orders the DFPI to shape a regulatory approach to cryptocurrency, create consumer protections, as well as produce educational materials that inform California’s residents about both the risks and benefits associated with cryptocurrencies. The order specifically says the materials will...
  • Crypto is dead: Many thought that Cryptocurrencies could turn out to be a hedge against inflation. Those hopes have been dashed.

    05/09/2022 9:08:25 PM PDT · by SeekAndFind · 26 replies
    The Spectator ^ | 05/09/2022 | Ross Clark
    When Britain voted for Brexit, Macron boasted that Paris would eat the City of London’s lunch. It didn’t quite work out that way, with most league tables continuing to put London as the number one or two financial centre, with not a single EU city in the top ten. Emmanuel Macron's government has now announced that it has invited Binance, a crypto exchange site, to set up a European HQ in Paris. You have to ask: has Macron leapt on a bandwagon which has already started to lose its wheels? The warning sign for cryptocurrencies is not so much that...
  • Bitcoin plummets in weekend after stock rout, breaching support level to around $34,000

    05/08/2022 8:50:35 PM PDT · by lasereye · 87 replies
    Yahoo Finance ^ | May 8, 2022 | Taylor Locke
    Bitcoin continues to fall, extending its losses from the past week. The largest cryptocurrency by market value dropped 4% in the last 24 hours, according to CoinGecko, breaching a key support level and hitting a daily low of $34,406. It’s currently trading at around $34,519, down 9% in the last seven days and down 40% year to date. Ether, the second-largest, is also in the red, down 6% in the last day and down 7.4% in the last week. Overall, the cryptocurrency market is taking a hit, down 4.2% in the last 24-hours. Though weekends are typically bad for Bitcoin...
  • These 3 remain Faith Hope Love[charismatic caucus]

    05/08/2022 9:19:48 AM PDT · by Jedediah · 2 replies
    Persevere my children for as you push through the lies of the enemy you receive the overcomers crown. There is no guage or slide rule for faith my children but each valley, it's length and dimension empowers your faith in me your Redeemer for I have already overcome for you and it is as you deny the lies of the enemy the shackles have no hold but remember above all to guard your heart from guile for this is the weakness the enemy shall seek. Be true to my heart and love unconditionally for against love there is no weapon...
  • Arise and Shine[Charismatic Caucus]

    04/16/2022 2:52:54 PM PDT · by Jedediah · 1 replies
    I see The Lord picking up a gem and brushing it off then he breathes into it and it comes alive as he laughs and smiles so many colors of light shine forth from it in all directions . He holds it up high and then let's go of it as it rises out of his hand pulsating with delightful colors of the rainbow . I hear him saying " Rise up oh well , Rise up even higher for The Voice of many waters is calling to you for His Glory ! And this Gem is you . Revelation...
  • Sanctioned Crypto Wallet Linked to North Korean Hackers Keeps On Laundering

    04/17/2022 6:23:38 AM PDT · by BenLurkin · 4 replies
    Coin Desk ^ | Apr 15, 2022 | Danny Nelson
    An allegedly North Korean Ethereum wallet tied to March’s $600 million crypto hack continued to launder its stolen ETH Friday in defiance of U.S. sanctions. The blacklisted address that U.S. authorities say is controlled by North Korea’s elite “Lazarus” hacker group sent 2,915 ETH (around $8.8 million) to the cleaners this morning New York time, a day after federal officials listed it on its sanctions database. Making a brief pit stop at a fresh, unsanctioned wallet, its crypto quickly flew through the popular coin mixer Tornado Cash, where the trail went cold. It was a continuation of what one tracing...
  • Crypto ≠ CBDC - The Federal Reserve Will Fail

    04/12/2022 11:54:43 AM PDT · by RobaWho · 15 replies
    Gab.com ^ | Rob Cunningham
    Friends, perhaps today’s Greatest Deception is Central Bankers, Governments & the Corporate/BlackRock Media Empire are selling to the world a requirement for a brand new form of digital currencies, one which the world’s central banksters will define, produce, distribute, regulate and CONTROL. 100% of digital currency rule making, ownership, taxation & control will rest in the hands of the same centralized control freak & issuers of the fiat currencies in use today. “We the people” the world over will merely be “allowed”, conditionally, to use their digital currencies according the rules, controls, restrictions, fees, terms & conditions of the central...