Cheese (@cyrptoheal) • Hey

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big banks failing? fed printing money? time for btc to shine
After two difficulty increases during the past month, #Bitcoin   ’s mining difficulty jumped another 3.45% higher on September 13. [Bitcoin's Mining Difficulty Taps All-Time High — 220 Exahash of Hashpower Remains Strong – Mining Bitcoin News](https://news.bitcoin.com/bitcoins-mining-difficulty-taps-all-time-high-220-exahash-of-hashpower-remains-strong/) After two difficulty increases during the past month, the network’s mining difficulty jumped another 3.45% higher on September 13.
"Now is the time you NEED to get into #crypto, before the biggest economic crash in history," said #RobertKiyosaki. #cryptocurrency #bitcoin [Robert Kiyosaki Urges Investors to Get Into Crypto Now, Before Biggest Economic Crash in World History – Economics Bitcoin News](https://news.bitcoin.com/robert-kiyosaki-urges-investors-to-get-into-crypto-now-before-biggest-economic-crash-in-world-history/) The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to get into crypto now.
The brother of a former #Coinbase product manager has pleaded guilty in a #crypto insider trading case. He is facing up to 20 years in prison. #cryptocurrency [Former Coinbase Manager's Brother Pleads Guilty in Cryptocurrency Insider Trading Case – Regulation Bitcoin News](https://news.bitcoin.com/former-coinbase-managers-brother-pleads-guilty-in-cryptocurrency-insider-trading-case/) The brother of a former Coinbase manager has pleaded guilty in a cryptocurrency insider trading case. He faces up to 20 years in prison.
According to a recent report issued by #Dappradar, the numbers registered by the #Web3 gaming industry have been positive, resisting the effect of the current market downturn. [Web3 Gaming Still Growing Despite Economic Woes, According to Dappradar Report – Metaverse Bitcoin News](https://news.bitcoin.com/web3-gaming-still-growing-despite-economic-woes-according-to-dappradar-report/) The Web3 gaming sector looks to be in good health, even with the downturn that traditional and cryptocurrency markets are facing.
Analysts from #JPMorgan believe there is a tremendous possibility of an explosion in this sector in #China, even with the current limitations imposed by #crypto legislation. [China's Metaverse Gaming Market Might Explode to Over $100 Billion According to JPMorgan – Metaverse Bitcoin News](https://news.bitcoin.com/chinas-metaverse-gaming-market-might-explode-to-over-100-billion-according-to-jpmorgan/) Analysts from JPMorgan believe that the metaverse gaming market can explode in China even with the current anti-crypto regulation.
#BTC    nears $20,000, as prices plunge following U.S. inflation report. [Bitcoin, Ethereum Technical Analysis: BTC Drops by Over $2,000 in the Last 24 Hours – Market Updates Bitcoin News](https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-drops-by-over-2000-in-the-last-24-hours/) Cryptocurrency prices plunged on Wednesday, as markets reacted to the latest U.S. inflation report which came in at 8.3%
The U.S. SEC is setting up a dedicated office to review filings related to #crypto assets. #cryptocurrency #bitcoin [US SEC Sets Up Dedicated Office to Review Crypto Filings – Regulation Bitcoin News](https://news.bitcoin.com/us-sec-sets-up-dedicated-office-to-review-crypto-filings/) The U.S. Securities and Exchange Commission (SEC) is setting up a dedicated office to review filings related to crypto assets.
The #blockchain startup will use the funds raised to bolster its team as well as to integrate its product offerings. #cryptocurrency #virtualdollar [Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round – Africa Bitcoin News](https://news.bitcoin.com/nigerian-blockchain-startup-bitmama-closes-2-million-pre-seed/) Leading the funding round were two Africa-focused venture capital firms: Unicorn Growth Capital and Launch Africa.
Macro markets and #geopolitics dominated the news this week, with #Russia cutting off Europe's #gas supply, and hedge funds betting against Italian #debt. [Russia Shuts Off EU Gas, Vitalik Discusses Bitcoin Security, and More — Bitcoin.com News Week in Review – The Weekly Bitcoin News](https://news.bitcoin.com/russia-shuts-off-eu-gas-vitalik-discusses-bitcoin-security-and-more-bitcoin-com-news-week-in-review/) Macro markets and geopolitics dominated the news, with Russia cutting off Europe's gas supply, and hedge funds betting against Italian debt.
#Bitcoin    mining operations continue to truck on through the #CryptoWinter as a number of miners have revealed expansion plans. [Bitcoin Mining Expansion Heats Up: Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining Site – Bitcoin News](https://news.bitcoin.com/bitcoin-mining-expansion-heats-up-crypto-miner-secures-underground-bunker-cleanspark-snags-turnkey-mining-site/) Bitcoin mining operations continue to truck on through the crypto winter as a number of miners have revealed expansion plans.
While hundreds of Brooklyn residents attended the #Bitcoin    Academy, some attendees enrolled in a grant for null,000 in bitcoin. [Bitcoin Academy in Brooklyn Backed by Jay-Z and Jack Dorsey Airdrops BTC to Class Participants – Bitcoin News](https://news.bitcoin.com/bitcoin-academy-in-brooklyn-backed-by-jay-z-and-jack-dorsey-airdrops-btc-to-class-participants/) While hundreds of Brooklyn residents attended the Bitcoin Academy, some attendees enrolled in a grant for null,000 in bitcoin.
The $258 billion lawsuit filed against Elon Musk and Tesla over their #dogecoin promotion has grown with new $DOGE investors and defendants added. #crypto #cryptocurrency [Elon Musk's $258 Billion Dogecoin Lawsuit Grows as New Defendants, DOGE Investors Join – Featured Bitcoin News](https://news.bitcoin.com/elon-musks-258-billion-dogecoin-lawsuit-grows-as-new-defendants-doge-investors-join/) The $258 billion lawsuit filed against Elon Musk, Tesla, and Spacex over their dogecoin promotion has expanded with new DOGE investors added.
The European Union (#EU) has recently announced it's working on a system that will use #blockchain and #NFTs as part of its fight against the counterfeiting of physical goods. [European Union Presents Project to Fight Counterfeiting by Using NFTs for 2023 – Bitcoin News](https://news.bitcoin.com/european-union-presents-project-to-fight-counterfeiting-by-using-nfts-for-2023/) The European Union (EU) is working on a project that involves blockchain architecture and the use of NFTs to fight counterfeiting.
Materium (MTRM) Is Now Available for Trading on LBank Exchange [Materium (MTRM) Is Now Available for Trading on LBank Exchange – Press release Bitcoin News](https://news.bitcoin.com/materium-mtrm-is-now-available-for-trading-on-lbank-exchange/) PRESS RELEASE. INTERNET CITY, DUBAI, Sep. 8, 2022 – LBank Exchange, a global digital asset trading platform, has listed Materium (MTRM) on September 5,
Financial Market Committee Chair suggests regulating international #crypto #payments in #Russia. [Top Russian Lawmaker Joins Calls for Legalizing International Crypto Payments – Regulation Bitcoin News](https://news.bitcoin.com/top-russian-lawmaker-joins-calls-for-legalizing-international-crypto-payments/) A high-ranking Russian lawmaker urged for the adoption of a relevant legal framework to properly regulate cross-border crypto payments.
The announcement by the regulator came on the same day that Zipmex informed customers of the temporary suspension of baht and #cryptocurrency withdrawals. #lawenforcement #withdrawalfreeze [Thai Regulator Accuses Digital Asset Service Provider of Failing to Comply With Information Request – Matter Referred to Law Enforcement – Regulation Bitcoin News](https://news.bitcoin.com/thai-regulator-accuses-digital-asset-service-provider-of-failing-to-comply-with-information-request-matter-referred-to-law-enforcement/) The regulator said Zipmex failed to comply with the request to furnish its official with information relating to customers' digital wallets.
#ETC moves 30% higher, racing past its $40.00 resistance level. [Biggest Movers: ETC up Nearly 30% on Tuesday, as Merge Timeline Is Set – Market Updates Bitcoin News](https://news.bitcoin.com/biggest-movers-etc-up-nearly-30-on-tuesday-as-merge-timeline-is-set/) Ethereum classic was a notable mover in today’s session, as the token rose by nearly 30% on Tuesday. Avalanche also rose on Tuesday.
#BCH slips to 2-month low on Wednesday, whilst #APE also falls to lowest level since July. [Biggest Movers: BCH, APE Fall to 2-Month Lows on Wednesday – Market Updates Bitcoin News](https://news.bitcoin.com/biggest-movers-bch-ape-fall-to-2-month-lows-on-wednesday/) Bitcoin cash and apecoin fell to two-month lows on Wednesday, as a red wave swept through cryptocurrency markets.
#AVAX    addition provides millions of people with intuitive but secure access to the high-throughput, low-fee decentralized network while bolstering the utility of Bitcoin․com’s ecosystem token $VERSE [Multichain Bitcoin․com Wallet Now Supports Avalanche (AVAX) – Press release Bitcoin News](https://news.bitcoin.com/multichain-bitcoin․com-wallet-now-supports-avalanche-avax/) The addition provides millions of people with intuitive but secure access to the high-throughput, low-fee decentralized network while bolstering the utility of Bitcoin.com’s ecosystem token $VERSE
Circle Financial CEO Jeremy Allaire explained that the #stablecoin change “will likely lead to more $USDC flowing to #Binance   .” [Circle CEO, Paxos, and Trueusd Speak on Binance's Stablecoin Auto-Conversion Decision – Bitcoin News](https://news.bitcoin.com/circle-ceo-paxos-and-trueusd-speak-on-binances-stablecoin-auto-conversion-decision/) Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more USDC flowing to Binance.”
French lawyer calls on #Russia to add alleged #crypto exchange #BTC   -e operator #Vinnik to potential prisoner swap deal with the #U.S. [Lawyer of Alleged Crypto Launderer Vinnik Calls on Russia to Talk Prisoner Swap With US – Bitcoin News](https://news.bitcoin.com/lawyer-of-alleged-crypto-launderer-vinnik-calls-on-russia-to-talk-prisoner-swap-with-us/) Lawyer representing Russian IT specialist Alexander Vinnik has urged Moscow to discuss a potential prisoner exchange with the U.S.
Bored Ape Yacht Club #6588 was the most expensive #NFT sale this week as it sold for null.17 million four days ago. [This Week's NFT Sales Jump 26% Higher Than the Week Prior, Bored Ape #6,588 Sells for null.17M – Markets and Prices Bitcoin News](https://news.bitcoin.com/this-weeks-nft-sales-jump-26-higher-than-the-week-prior-bored-ape-6588-sells-for-1-17m/) Bored Ape Yacht Club #6588 was the most expensive NFT sale this week as it sold for null.17 million four days ago.
Vitalik Buterin spoke with economics author Noah Smith and discussed #Bitcoin    and the network’s long-term security. [Ethereum Co-Founder Vitalik Buterin Discusses Bitcoin’s Long-Term Security – Bitcoin News](https://news.bitcoin.com/ethereum-co-founder-vitalik-buterin-discusses-bitcoins-long-term-security/) Vitalik Buterin spoke with economics author Noah Smith and discussed Bitcoin and the network’s long-term security.
About 11.4% of United Arab Emirates residents own or have invested in cryptocurrencies. #investment #cryptohub [Report: 11.4% of UAE Residents Have Invested in Cryptocurrencies – Featured Bitcoin News](https://news.bitcoin.com/report-11-4-of-uae-residents-have-invested-in-cryptocurrencies/) Globally, the United Arab Emirates is ranked tenth among countries with the highest proportion of crypto-investing residents.
Hedge funds are betting large against Italian bonds and investors haven't bet this high against Rome since 2008. #Economics #Inflation #DebtDefault [Rome’s Financial Volatility to Shock the Eurozone — Hedge Funds Bet $39 Billion Against Italian Debt – Economics Bitcoin News](https://news.bitcoin.com/romes-financial-volatility-to-shock-the-eurozone-hedge-funds-bet-39-billion-against-italian-debt/) Hedge funds are betting large against Italian bonds and investors haven't bet this high against Rome since 2008.
South Korean government’s #Youtube account hacked, perpetrators broadcast #video about #cryptocurrency. [South Korean Government’s Youtube Channel Hacked to Play Crypto Video With Elon Musk – Bitcoin News](https://news.bitcoin.com/south-korean-governments-youtube-channel-hacked-to-play-crypto-video-with-elon-musk/) The official Youtube channel of the South Korean government has been hacked and those who did it, broadcasted a crypto-related clip.
According to economist Patrick Chileshe, the kwacha’s resurgence may be tied to the low demand for dollars coupled with the Zambian central bank’s intervention. #bankofzambia #russianruble [IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble's Position as World's Best Performing Currency – Emerging Markets Bitcoin News](https://news.bitcoin.com/imf-bailout-approval-helps-zambian-kwacha-take-russian-rubles-position-as-worlds-best-performing-currrency/) Following this gain, the kwacha took the Russian ruble's position as the world's best-performing currency in 2022.
#India is now the world's fifth-largest economy after surpassing the U.K., according to the #IMF data. #indianeconomy [India Surpasses UK as World's 5th Largest Economy Based on IMF Data – Economics Bitcoin News](https://news.bitcoin.com/india-surpasses-uk-as-worlds-5th-largest-economy-based-on-imf-data/) India is now the world’s fifth-largest economy after surpassing the U.K. based on data from the International Monetary Fund (IMF).
The Indonesian government is set to launch a #crypto bourse this year, a high-ranking government official said. #cryptocurrency #bitcoin    $BTC [Indonesian Government to Launch Crypto Bourse This Year, Official Says – Exchanges Bitcoin News](https://news.bitcoin.com/indonesian-government-to-launch-crypto-bourse-this-year/) The Indonesian government is set to launch a crypto bourse by the end of this year, a high-ranking government official reportedly said.
#Deloitte's survey shows that nearly 50% of CFOs responded expect the U.S. #economy to be in #recession this year. #inflation #stagflation [Deloitte: Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This Year – Economics Bitcoin News](https://news.bitcoin.com/deloitte-nearly-50-of-cfos-surveyed-expect-recession-to-hit-us-economy-this-year/) Deloitte's survey shows that nearly 50% of responded CFOs expect the U.S. economy to be in recession this year.
#FIFA to launch #NFT platform for #soccer fans around the world. [FIFA to Launch NFT Platform for Soccer Fans – Bitcoin News](https://news.bitcoin.com/fifa-to-launch-nft-platform-for-soccer-fans/) The international soccer governing body, FIFA, has announced the upcoming launch of an NFT platform for fans of the sport across the globe.
Reports of the International Monetary Fund (IMF)’s approval of the null.3 billion financial bailout to the African country sparked the September 1, 2022 kwacha rally. #kwacha #inflationrate #imfbailout [IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble's Position as World's Best Performing Currency – Emerging Markets Bitcoin News](https://news.bitcoin.com/imf-bailout-approval-helps-zambian-kwacha-take-russian-rubles-position-as-worlds-best-performing-currrency/) Following this gain, the kwacha took the Russian ruble's position as the world's best-performing currency in 2022.
The lawyers representing #Bittrex and #Poloniex argue that "Mr. Roche’s recent statements raise serious concerns.” [Poloniex, Bittrex Want Kyle Roche's Law Firm Removed From Class-Action Against the Exchanges – Bitcoin News](https://news.bitcoin.com/poloniex-bittrex-want-kyle-roches-law-firm-removed-from-class-action-against-the-exchanges/) The lawyers representing Bittrex and Poloniex argue that "Mr. Roche’s recent statements raise serious concerns.”
Russia’s sanctioned #Promsvyazbank conducts trial with #digitalruble operations via its #app. [Sanctioned Russian Bank Tests In-app Operations With Digital Rubles – Finance Bitcoin News](https://news.bitcoin.com/sanctioned-russian-bank-tests-in-app-operations-with-digital-rubles/) A Russian bank, one of the country’s largest, has conducted a trial with digital ruble transactions processed through its mobile app.
#Cardano developers from IOG aim to launch the Vasil hard fork in 19 days, and it's considered to be one of the hardest updates #ADA has experienced so far. [Input-Output Global Devs Reveal Cardano's Vasil Hard Fork Is Scheduled for September 22 – Bitcoin News](https://news.bitcoin.com/input-output-global-devs-reveal-cardanos-vasil-hard-fork-is-scheduled-for-september-22/) Cardano developers aim to launch the Vasil hard fork in 19 days and it's considered to be one of the hardest updates experienced so far.
A great number of #crypto assets saw a rise in mid-August, but during the last 30 days $102 billion has exited the crypto economy. [Crypto Economy Loses $102 Billion in 30 Days — BTC, SOL Shed the Most Losses – Market Updates Bitcoin News](https://news.bitcoin.com/crypto-economy-loses-102-billion-in-30-days-btc-sol-shed-the-most-losses/) A great number of crypto assets saw a rise in mid-August, but during the last 30 days $102 billion has exited the crypto economy.
‘Belarusian Cyber Partisans’ hacking group offers collection of #NFTs representing the passports of government officials in #Minsk. [Hackers Offer to Sell Belarus President Lukashenko’s Passport as NFT – Bitcoin News](https://news.bitcoin.com/hackers-offer-to-sell-belarus-president-lukashenkos-passport-as-nft/) Anti-government hackers have attempted to sell what they say is an NFT of Belarus President Alexander Lukashenko’s passport.
#ADA rebounds on Saturday, as #FIL hits 2-week high. [Biggest Movers: ADA Rebounds, While FIL Hits 2-Week High on Saturday – Market Updates Bitcoin News](https://news.bitcoin.com/biggest-movers-ada-rebounds-while-fil-hits-2-week-high-on-saturday/) Cardano rose to its highest level in over a week to start the weekend, as prices moved toward a key resistance level.
"A switching and processing #license is CBN’s most desirable payment license because it embeds the licensee at the core of Nigeria’s #financial ecosystem," the fintech firm explained. [Fintech Unicorn Flutterwave Granted 'Game Changing' License by Nigerian Central Bank – Fintech Bitcoin News](https://news.bitcoin.com/fintech-unicorn-flutterwave-granted-game-changing-license-by-nigerian-central-bank/) In addition, the new license is said to allow Flutterwave to "connect every single store of value in Nigeria to global commerce."
The report said Pezesha would specifically target women entrepreneurs who presently cannot easily access funding from the formal banking system. #EconomicGrowth [Kenyan Fintech Pezesha Raises $11 Million in Pre-Series A Round Backed by Cardano Blockchain Builder – Fintech Bitcoin News](https://news.bitcoin.com/kenyan-fintech-pezesha-raises-11-million-in-pre-series-a-round-backed-by-cardano-blockchain-builder/) The Women’s World Banking Capital Partners II led the round in which the Cardano blockchain builder Input Output Global also participated.
#MATIC hits 2-week high, #LINK also rallies on Friday [Biggest Movers: MATIC Moves to 2-Week High, as Market Volatility Eases – Market Updates Bitcoin News](https://news.bitcoin.com/biggest-movers-matic-moves-to-2-week-high-as-market-volatility-eases/) Polygon was a notable mover on Friday, as the token surged to a two-week high, while volatility in crypto markets eased.
The future of the #cryptocurrency bill is now uncertain, as it will need to be sent to the Congress of #Paraguay for the Representatives to accept this veto or try to pass the crypto bill again. [President of Paraguay Mario Abdo Vetoes Cryptocurrency Bill – Regulation Bitcoin News](https://news.bitcoin.com/president-of-paraguay-mario-abdo-vetoes-cryptocurrency-bill/) The President of Paraguay, Mario Abdo has issued an executive veto on the recently approved cryptocurrency bill sanctioned by the Congress.
The Mt Gox trustee Nobuaki Kobayashi explained the rehabilitation #bitcoin    custodian is “currently preparing to make repayments” to #MtGox creditors. [Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is 'Currently Preparing to Make Repayments' – Bitcoin News](https://news.bitcoin.com/mt-gox-creditors-updated-trustee-says-rehabilitation-custodian-is-currently-preparing-to-make-repayments/) The Mt Gox trustee Nobuaki Kobayashi explained the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors.
#LG Electronics is currently developing a new software #cryptocurrency wallet, called #Wallypto, to enter the wallet services arena. [LG to Launch Crypto Wallet Wallypto Later This Year – Bitcoin News](https://news.bitcoin.com/lg-to-launch-crypto-wallet-wallypto-later-this-year/) LG, the South Korean electronics giant, is currently developing a cryptocurrency wallet app that will be launched later this year.
On the launch of the #bitcoin    bonds, #Bitfinex CTO Paolo Ardoino stated: "If the law passes by September, I would expect it to reasonably take two to three months to have everything else rolled out." [Bitfinex CTO Paolo Ardoino States Salvadoran Bitcoin Bonds to Be Further Delayed – Emerging Markets Bitcoin News](https://news.bitcoin.com/bitfinex-cto-paolo-ardoino-states-salvadoran-bitcoin-bonds-to-be-further-delayed/) The launch of the Salvadoran bitcoin bonds, issued to finance the construction of the Bitcoin City in the country, will be delayed again.
The President of #Paraguay, Mario Abdo, has exerted an executive veto on the recently approved #cryptocurrency bill after more than a year of discussions in the Paraguayan Congress. [President of Paraguay Mario Abdo Vetoes Cryptocurrency Bill – Regulation Bitcoin News](https://news.bitcoin.com/president-of-paraguay-mario-abdo-vetoes-cryptocurrency-bill/) The President of Paraguay, Mario Abdo has issued an executive veto on the recently approved cryptocurrency bill sanctioned by the Congress.
#Crypto.com accidentally transferred about $7.26 million to a customer's account but did not notice the error for seven months. The #crypto firm is now suing the customer to get the money back. [Crypto.com Accidentally Sent $7 Million to Customer — Sues 7 Months Later to Get It Back – Featured Bitcoin News](https://news.bitcoin.com/crypto-com-accidentally-sent-7-million-to-customer-sues-7-months-later-to-get-it-back/) Crypto.com accidentally transferred nearly $7.26 million to a customer's account but did not notice the error for seven months.
A U.S. House committee has sent letters to 4 federal agencies and 5 #crypto exchanges asking about measures against #cryptocurrency fraud and scams. #bitcoin    $BTC [Congress Questions Coinbase, FTX, Binance, Kraken in Crypto Fraud Crackdown – Regulation Bitcoin News](https://news.bitcoin.com/congress-questions-coinbase-ftx-binance-kraken-in-crypto-fraud-crackdown/) A House committee has sent letters to four federal agencies and five crypto exchanges asking for information about cryptocurrency fraud.
The attorney general of the District of Columbia has sued billionaire #MichaelSaylor and #Microstrategy over alleged tax fraud. Both deny the allegations. #bitcoin    #cryptocurrency #crypto [DC Attorney General Sues Billionaire Michael Saylor and Microstrategy Over Alleged Tax Fraud — Seeks $100 Million – Taxes Bitcoin News](https://news.bitcoin.com/dc-attorney-general-sues-billionaire-michael-saylor-and-microstrategy-over-alleged-tax-fraud-seeks-100-million/) The attorney general of the District of Columbia has sued Microstrategy's founder and executive chairman, Michael Saylor, for tax fraud.