Ayodayjee◱ ◱ (@dayjee) • Hey
Ayodayjee◱ ◱ (@dayjee) • Hey
Publications
- America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the bankrupt cryptocurrency lender with both crypto assets and stock in a new publicly traded mining entity.
https://news.bitcoin.com/judge-urges-for-sec-decision-on-planned-celsius-restart-as-crypto-miner/
- Recent insights reveal that a solo miner successfully mined block 814,308 employing a mere 11 petahash per second (PH/s) of mining power. This feat was achieved through Solo Ckpool, a service for solo miners endowed with lower hashrates or older, less efficient hardware.
https://news.bitcoin.com/lucky-solo-miner-with-11-ph-s-bags-bitcoin-block-reward-amid-giant-pools/
- On Wednesday, the defense team for the former FTX CEO Sam Bankman-Fried issued a letter to the judge seeking to question two FBI agents who interviewed Gary Wang, former chief technology officer of FTX, and Nishad Singh, former director of engineering at FTX. Lawyers allege the witnesses provided “inconsistent statements” that don’t match their original interviews with the agents.
https://news.bitcoin.com/ftx-chiefs-defense-team-challenges-fbi-interviews-questions-witness-credibility/
- Mexican billionaire Ricardo Salinas sees bitcoin as a way to protect against inflation tax because the cryptocurrency cannot be debased. “People’s savings are being taken from them without their permission, without their knowledge,” he stressed, adding that “everybody would benefit from understanding that the debasement of currency is a very useful trick in the fraudsters’ trick book to avoid raising taxes or debt.”
https://news.bitcoin.com/mexican-billionaire-advocates-bitcoin-for-wealth-protection-people-need-to-realize-theyre-being-robbed/
- The securities regulator and the central banking institution of Hong Kong have updated the region’s crypto policy in response to enquiries from the industry. In a circular on the virtual asset-related activities of intermediaries, the authorities introduced additional measures to protect retail investors, restricting their access to what they describe as “complex products.”
https://news.bitcoin.com/hong-kong-regulators-restrict-retail-investor-access-to-complex-crypto-products/
- Several reports have revealed that Binance, which is recognized as the leading crypto exchange by trading volume, intends to discontinue its Visa crypto card on December 20, 2023. The enterprise emphasized that only a “small number of Binance users” would be affected by this development.
https://news.bitcoin.com/binance-to-sunset-visa-crypto-card-as-2023-sees-decline-in-digital-debit-cards/
- On October 16, 2023, Bitcoin’s difficulty impressively crossed the 61 trillion mark at block height 812,448, setting a fresh benchmark for the network. This ascent marked the fourth-largest rise in difficulty for the year. Yet, in the face of this increase, the hashrate has steadily and unflinchingly risen.
https://news.bitcoin.com/bitcoin-hits-historic-61-trillion-difficulty-hashrate-defies-odds-amidst-2023s-steepest-climbs/
- Toncoin rose for a third straight day on Tuesday, despite crypto markets mostly stalling in today’s session. At the time of writing, the global market cap is up 0.02%, as traders move to secure Monday’s gains. Cardano was in the red, following a four-day bull run.
https://news.bitcoin.com/biggest-movers-ton-hovers-above-2-ada-bears-end-4-day-winning-run/
- Banking giant JPMorgan Chase has debuted its blockchain-based collateral settlement system. Blackrock became the first client to use JPMorgan’s Tokenized Collateral Network (TCN). The world’s largest asset manager used the system to convert shares in one of its money market funds into digital tokens, which it then used as collateral in an over-the-counter derivatives trade with Barclays Plc.
https://news.bitcoin.com/jpmorgans-tokenized-collateral-network-facilitates-blackrock-barclays-trade/
- A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to implementing existing regulations.
https://news.bitcoin.com/state-securities-regulators-support-sec-in-lawsuit-against-crypto-exchange-coinbase/
- Members of Israel’s Web3 community have launched Crypto Aid Israel, a fundraiser in support of those affected by the conflict with Hamas. The goal is to attract cryptocurrency donations to relieve the humanitarian situation of thousands of Israelis displaced by the surprise attack of Palestinian militants from Gaza.
https://news.bitcoin.com/crypto-aid-israel-fundraiser-to-help-victims-of-hamas-assault/
- Rising regulatory pressures may have limited crypto cards on offer but they remain a viable way to pay with coins where only fiat is accepted. With them, you spend crypto and that’s without the need to exchange it beforehand as it often happens when you want to pay with cryptocurrency in a fiat scenario.
https://news.bitcoin.com/crypto-cards-still-an-option-to-spend-digital-cash-in-fiat-environment/
- On October 6, 2023, the cryptocurrency Cardano, known by its ticker ADA, is ranked as the eighth-largest in market capitalization, valued at just over $9 billion, or 0.817% of the null.08 trillion cryptocurrency market. As the digital currency landscape evolves, ADA has emerged as a key contender. This article delves into Cardano’s origins, its native cryptocurrency ADA, its history, and its functionality.
https://news.bitcoin.com/what-is-ada-a-brief-history-of-the-proof-of-stake-blockchain-network-cardano/
- Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s significant crypto flows and in particular Dubai’s growing reputation “as a forward-thinking and pragmatic jurisdiction.”
https://news.bitcoin.com/south-african-crypto-exchange-valr-receives-initial-approval-from-dubai-virtual-assets-regulator/
- The Brazilian Securities and Exchange Commission (CVM) has opened the doors for investment funds to invest in cryptocurrency. Resolution 175, drafted last year and coming into effect on October 2, defines the rules these institutions must follow to invest in crypto, with analysts predicting a rise in interest in the sector
https://news.bitcoin.com/brazilian-cvm-resolution-comes-into-effect-allowing-funds-to-allocate-part-of-their-portfolios-into-crypto/
- The U.S. Securities and Exchange Commission (SEC) announced charges against an accounting firm that worked for failed cryptocurrency exchange FTX. The company, Prager Metis, has been accused of facilitating clients in breaking federal securities laws and also auditor independence violations.
https://news.bitcoin.com/sec-charges-ftx-auditor-for-helping-clients-violate-securities-laws/
- Man Utd boss Erik ten Hag has no intention of backing down in his stand-off with Jadon Sancho; Ten Hag will not allow Sancho to return to first-team training until he apologises
https://www.skysports.com/football/news/11095/12970359/jadon-sancho-manchester-united-manager-erik-ten-hag-will-not-back-down-in-stand-off-with-winger
- JPMorgan Chase & Co.’s U.K. division, Chase UK, is putting the brakes on cryptocurrency-related payments. Come October 16, any Chase UK customers attempting to make a bank transfer or card payment linked to crypto will find themselves thwarted.
https://news.bitcoin.com/chase-uk-to-block-crypto-payments-amid-scam-concerns-and-regulatory-changes/
- Leading U.S. crypto exchange Coinbase pursued the acquisition of failed coin trading competitor FTX’s European subsidiary, a media report revealed. The move has been seen as proof of the growing importance of derivatives for the American platform’s plan to expand business globally.
https://news.bitcoin.com/coinbase-sought-to-buy-ftx-europe-for-its-derivatives-business-report/
- Coinbase revealed a campaign to move more than 52 million U.S.-based cryptocurrency holders to call for clear and precise regulation. The push, part of a countrywide initiative, will be supported by a paid media campaign across multiple platforms but directed to nine states where most crypto owners are concentrated.
https://news.bitcoin.com/coinbase-calls-on-52-million-crypto-holders-to-advocate-for-clear-regulation/
- According to Maxwell Mayhew, founder of the decentralized e-ticketing platform UTIX, event organizers can potentially overcome ticket scalping by switching to smart contract-based event hosting platforms. Such platforms not only help organizers control the amount of event tickets in secondary markets, says Mayhew, but “even the maximum price the tickets can be sold for.”
https://news.bitcoin.com/blockchain-powered-platforms-can-help-event-organizers-overcome-the-ticket-scalping-scourge-maxwell-mayhew/
- Sam Bankman-Fried’s legal team and federal prosecutors are clashing over what can be asked of potential jurors before his trial begins next month. The defense and prosecution submitted dueling proposed questions on Thursday, with each side accusing the other of trying to inappropriately sway the jury pool.
https://news.bitcoin.com/jury-selection-controversy-prosecutors-criticize-adhd-effective-altruism-voir-dire-questions-in-bankman-fried-trial/
- BNB Chain, the Binance-backed decentralized blockchain network, has announced the launch of Opbnb, its expansion layer built using the Optimism OP stack. The new network allows users to enjoy low-fee transactions in a high-throughput, high-speed transactional layer optimized for interactive applications such as games, with the BNB Chain chain serving as a settlement layer.
https://news.bitcoin.com/bnb-chain-layer-2-goes-live/
- Over the past ten years, fervent supporters of digital currency have engaged in intense debates: Is bitcoin (BTC) designed as peer-to-peer electronic cash as illustrated in Satoshi’s groundbreaking white paper, or does it serve as a digital store of value, similar to gold? Additionally, a central question emerges regarding the primary role of money: should its capacity as a medium of exchange take precedence over its value preservation attributes? The following Learning and Insights explainer delves into the Austrian school of economics, shining a spotlight on Carl Menger’s “On the Origins of Money.”
https://news.bitcoin.com/bitcoins-path-to-money-mengers-theory-and-the-debate-on-medium-of-exchange-vs-store-of-value/
- Nicolas Pepe joined Arsenal from Ligue 1 side Nice for a then club-record fee of £72m in August 2019; the 28-year-old made 112 appearances for the Gunners, scoring 27 times; Pepe has been in Istanbul this weekend ahead of a potential move to Trabzonspor
https://www.skysports.com/football/news/12691/12957244/nicolas-pepe-arsenals-former-club-record-signing-leaves-club-on-free-transfer
- In the digital currency realm, smart contracts have enhanced the financial industry through tokenization, decentralized finance (defi) and other agreements in the form of self-executing code. But how exactly do they work? What benefits do they offer? Here’s a concise overview of smart contracts and their profound effect on trust and collaboration in our interconnected society.
https://news.bitcoin.com/what-are-smart-contracts-unpacking-todays-digital-agreements/
- Global investment bank JPMorgan expects the U.S. Securities and Exchange Commission (SEC) to approve multiple spot bitcoin exchange-traded funds (ETFs) at once, instead of giving one company the advantage of being the first. The bank’s analyst explained that if the securities regulator wants to defend its denial of Grayscale’s bitcoin ETF conversion proposal, it would have to retroactively withdraw its previous approval of bitcoin futures ETFs. “Such a retroactive withdrawal would be very disruptive and embarrassing for the SEC,” he cautioned.
https://news.bitcoin.com/jpmorgan-expects-sec-to-approve-multiple-spot-bitcoin-etfs-at-once/
- Mikel Arteta said: "These moments will stick with us, with the crowd so connected to the team with the big history of these matches, it’s great. The will, the determination of the team, that will to win and go and go and go, I’m so proud of them."
https://www.skysports.com/football/news/11661/12954503/mikel-arteta-on-arsenals-late-show-vs-man-utd-these-moments-will-stick-with-us-i-love-our-will-to-win
- A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the judges sided with cryptocurrency firms over the securities regulator.
https://news.bitcoin.com/us-lawmaker-contradicts-sec-chair-says-crypto-industry-not-rife-with-noncompliance/
- On September 1, Arkham Intelligence, a crypto analytics and data tracking agency, reportedly pinpointed the ethereum (ETH) holdings of Grayscale for its Ethereum Trust. Arkham reveals that Grayscale’s ether stash is spread across 500 distinct addresses
https://news.bitcoin.com/arkham-intelligence-reveals-grayscales-ethereum-holdings-across-500-addresses/
- A number of U.S. lawmakers have urged regulators, including the Securities and Exchange Commission (SEC), to work with Congress on crypto regulation. “Chair Gensler’s regulation by enforcement is unlawful and does nothing to protect consumers. It’s time for Biden’s regulators to work with Congress to provide clear rules of the road and robust consumer protections through legislation,” said the House Financial Services Committee.
https://news.bitcoin.com/bidens-regulators-urged-to-work-with-congress-on-crypto-regulation/
- India’s Prime Minister Narendra Modi says crypto needs “a global framework and regulations.” He stressed: “The rapid pace of change of technology is a reality — there is no point in ignoring it or wishing it away. Instead, the focus should be on adoption, democratization, and a unified approach.”
https://news.bitcoin.com/indias-prime-minister-calls-for-global-crypto-framework-with-focus-on-unified-approach-adoption-democratization/
- Mastercard and crypto exchange Binance are ending their partnership for crypto cards. According to the payment giant, the decision will affect all four of Mastercard’s co-branded crypto card programs with Binance in Argentina, Brazil, Colombia, and Bahrain.
https://news.bitcoin.com/mastercard-and-binance-ending-partnership-for-crypto-cards/
- Using blockchain can potentially minimize intermediary expenses incurred by players in the hospitality industry because the technology makes it possible to facilitate direct connections between users and hotels, Bernard Lau, CEO of Staynex and LABS Group, has said. Lau, whose company focuses on onboarding resorts & hotels to Web3, argued that non-fungible tokens (NFTs) can be used to enhance hotels’ product offerings “particularly in the realm of loyalty membership rewards.
https://news.bitcoin.com/blockchain-can-help-facilitate-direct-connections-between-users-and-hotels-staynexs-bernard-lau/
- The New Development Bank (NDB), also known as the BRICS Bank, is reportedly planning to issue its first Indian rupee bond by October. Last week, the bank issued its first South African rand bond. “NDB is seeking to increase its presence in the local capital markets of its member countries, to fund its robust portfolio of local currency loans,” said the BRICS Bank’s chief financial officer.
https://news.bitcoin.com/brics-bank-to-issue-first-indian-rupee-bond-plans-to-boost-local-currency-lending/
- The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered a “recognisance” of $9,560 (AUD15,000) for 12 months which is contingent on the crypto lender’s good behavior.
https://news.bitcoin.com/australia-based-crypto-lender-sentenced-for-false-credit-license-claims/
- I am According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable steps” to ensure compliance with the travel rule. When the rule becomes effective, compliance with the rule is still expected even when a crypto asset business uses a third-party supplier.
https://news.bitcoin.com/uk-regulator-crypto-asset-businesses-expected-to-comply-with-the-travel-rule-starting-in-september/
- With the Bitcoin Cash network’s May 15 Cashtokens upgrade now three months behind us, bustling development in non-custodial wallets, marketplaces, non-fungible tokens (NFTs), games, and other applications continues unabated. Paytaca wallet CEO Joemar Taganna notes that “improvements in consensus building” and “new and powerful upgrades to the protocol” showcase several parties “working together to make the peer-to-peer cash revolution happen.”
https://news.bitcoin.com/cashtokens-upgrade-3-months-out-bch-developers-building-nft-creator-studio-marketplaces-wallets-and-more/
- On the verge of dipping below the $40 billion mark on August 2, the overall value locked in decentralized finance (defi) has made a comeback, rising to over $41 billion. Additionally, the defi crypto sector has swelled to $45.08 billion, reflecting a 6.17% rise in just a day.
https://news.bitcoin.com/defi-market-rebounds-value-locked-rises-to-nearly-42-billion-token-market-swells/
- Shiba inu surged to a multi-month high on Saturday, as the meme coin extended its recent run of bullish momentum. The rally began as a result of the hopes surrounding its upcoming layer 2 launch. Dogecoin also extended recent gains to start the weekend.
https://news.bitcoin.com/biggest-movers-shib-climbs-to-4-month-high-as-meme-coins-rally-on-saturday/
- The crypto winter inflicted a brutal toll on the digital currency landscape, leaving numerous coins with values utterly obliterated. Within this ravaged financial terrain, one specific category — rebase tokens — suffered a tremendous deflation in worth over the previous 20 months. In a stark illustration of this downturn, the total value of the leading rebase tokens, once exceeding $8 billion in November 2021, has now plummeted to a mere $351 million.
https://news.bitcoin.com/rebase-tokens-a-stunning-collapse-from-8-billion-to-351-million-in-20-months/
- U.S. senators have pressed the Biden administration for measures to counter “serious national security threats” posed by North Korea’s dependence on cryptocurrency. According to the lawmakers, North Korea is using crypto “to evade harsh sanctions and support its ambitions to project geopolitical power through nuclear weapons and ballistic missiles.”
https://news.bitcoin.com/us-senators-press-biden-administration-for-measures-to-counter-serious-national-security-threats-linked-to-north-korea-crypto/
- Bitcoin started the week mostly flat, as market volatility remained near recent lows during today’s session. Traders appear to be on the sidelines ahead of Wednesday’s key inflation report from the United States. Ethereum mostly consolidated on Monday
https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-flatlines-on-monday-as-market-volatility-continues-to-fade/
- Economist Peter Schiff has warned of an impending collapse of the U.S. dollar even though he sees Fitch’s downgrade of the U.S. rating this week as “meaningless.” While cautioning about a financial crisis and a crash, Schiff emphasized: “Given the trajectory of U.S. government deficit spending, a dollar collapse is inevitable.”
https://news.bitcoin.com/economist-peter-schiff-warns-us-dollar-collapse-inevitable/
- In a fresh analysis focusing on Bitcoin and its alignment with environmental, social, and governance (ESG) principles, the ‘Big Four’ accounting titan KPMG delves into the digital currency’s promising contributions to this movement. The professional services entity highlights four carbon-reduction techniques adopted by bitcoin mining firms across the entire mining sector.
https://news.bitcoin.com/kpmg-study-highlights-bitcoin-minings-potential-to-shrink-carbon-footprints/
- Genesis Digital Assets (GDA), one of the world’s largest bitcoin mining companies, has opened three new data centers in the western region of South Carolina. The facilities represent GDA’s continued expansion in the United States, where its data centers now account for over 2% of Bitcoin’s total hashrate.
https://news.bitcoin.com/bitcoin-miner-genesis-digital-assets-opens-3-new-data-centers-in-south-carolina/
- Economist Peter Schiff has warned that the Federal Reserve is wrong about its recession outlook, advising everyone to get out of the U.S. dollar. He stressed that the U.S. currency is being destroyed, emphasizing that it is losing purchasing power. “Rather than fighting inflation, the Fed fueled the fire,” Schiff claimed.
https://news.bitcoin.com/economist-peter-schiff-advises-get-out-of-the-dollar-says-the-usd-is-being-destroyed/
- President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other transactions, will enter into force on Aug. 1.
https://news.bitcoin.com/putin-signs-digital-ruble-law-allowing-cbdc-payments-in-russia/
- Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has weighed in on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “The current mission of the SEC is not to protect small investors,” the billionaire asserted. “Their goal is to litigate. And litigate more. And litigate more.”
https://news.bitcoin.com/mark-cuban-criticizes-sec-approach-in-ripple-xrp-case/
- Worldcoin, the decentralized ID and wallet protocol, has migrated its operations to Optimism, an Ethereum L2 scaling layer. With this move, Worldcoin aims to prepare for its future launch, taking advantage of the scalability features that its deployment on Optimism brings, including migrating user accounts and bringing Uniswap support to the World App.
https://news.bitcoin.com/worldcoin-migrates-to-optimism/