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Messages - Tnoy30

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Stable Coins Forum / Diem tells Senators on the warpath over Novi: We're not actually Facebook

« on: October 21, 2021, 09:09:09 AM »

In response to a letter from the U.S. calling on Facebook to halt its stablecoin and crypto wallet projects, Diem stated that it “is not Facebook. We are an independent organization” Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate cessation of the firm’s Novi crypto wallet.

Diem also claimed senior regulators had called it “the best-designed stablecoin project that the U.S. government had seen.”

In an Oct. 19 letter sent to Facebook CEO Mark Zuckerberg, the Senators including crypto critic Elizabeth Warren, voiced their “strongest opposition to Facebook’s revived effort to launch a cryptocurrency and digital wallet.”
Source: Diem tells Senators on the warpath over Novi: We're not actually Facebook

NFTs & Collectibles / PleasrDAO adds $4M 'OG NFT’ Wu-Tang Clan album to its collection

« on: October 21, 2021, 09:06:04 AM »

Once Upon a Time in Shaolin’ has been dubbed the OG NFT and now PleasrDAO has turned the title deed to the work into a real NFT. PleasrDAO has revealed itself to be the new owners of Wu-Tang Clan's one-of-a-kind, unreleased album ‘Once Upon a Time in Shaolin’.

The 74 members of the Decentralized Autonomous Organization (DAO) now share collective ownership of the album. The group purchased the sole copy of the album from the US federal government for $4 million at the end of July this year, collected it in September and moved it to a vault at an undisclosed location in New York. The DAO has minted the ownership deed as an NFT with the help of crypto savvy attorney Peter Scoolidge.
Source: PleasrDAO adds $4M 'OG NFT’ Wu-Tang Clan album to its collection

NFTs & Collectibles / Nifty News: Playboy unveils 11,953 bunny avatars, Martha Stewart cooks up NFTs..

« on: October 21, 2021, 09:01:00 AM »

Martha Stewart has entered the NFT sector by cooking up some Halloween-themed collectibles, Coinbase announced its first four partnered NFT creators, and Playboy is dropping 11,953 unique bunny NFTs. Playboy to release tokenized bunnies into the wild
PLBY Group, Inc, the owners of the raunchy lifestyle magazine Playboy unveiled a new NFT project consisting of 11,953 unique 3D animated bunny avatars.

According to an Oct. 20 announcement, the number of NFTs pays homage to Playboy’s founding year of 1953 and the tokens will serve as “keys to a reimagined Playboy Club,” which gives the owners access to exclusive events, content and merchandise.
Source: Nifty News: Playboy unveils 11,953 bunny avatars, Martha Stewart cooks up NFTs..

Bitcoin News & Updates / Bitcoin futures ETF hits $1B AUM in a record-breaking two days

« on: October 21, 2021, 08:57:50 AM »

The ProShares Bitcoin ETF has beaten an 18-year-old record for the fastest fund to a billion-dollar AUM. Since the ProShares Bitcoin Strategy ETF started trading this week, it has become the fastest fund ever to reach $1 billion in assets under management (AUM).

The highly anticipated launch of the first Bitcoin futures exchange-traded fund in the United States, BITO, has resulted in a number of milestone achievements.

Bloomberg senior ETF analyst Eric Balchunas reported that the fund was the quickest ever to reach a ten-figure AUM after just two days of trading. BITO easily surpassed the previous record holder, a gold-based fund with the ticker GLD, which took three days to hit the billion-dollar mark in 2004.
Source: Bitcoin futures ETF hits $1B AUM in a record-breaking two days

Bounties & Rewards [BOUNTY] / Re: 🔴[BOUNTY]🔴BITGAME ✅Live Project💰200 000$ in LUT Tokens💸Payout every 2 week🔥

« on: October 14, 2021, 05:33:06 AM »

Blockchain Technology / China’s crypto ban: Buy the dip or cause for concern?

« on: October 13, 2021, 02:07:31 PM »

China's regulatory policies toward crypto used to be a major factor in market activity. Last month China’s central bank, the People’s Bank of China (PBoC), published a memo criminalizing practically all cryptocurrency activity. When the memo started circulating online, Bitcoin’s (BTC) price dropped over 6.5%. Soon after, however, industry experts suggested that the news may have been the ultimate dip-buying opportunity.

China’s crackdown on crypto started years ago, to the point that Bitcoin suffered its biggest mining difficulty drop of nearly 28% in July of this year as miners started migrating out of China after the government tightened its grip on bitcoin mining and trading. The crackdown saw the computing power securing the Bitcoin network — its hash rate — drop by nearly 50%. The PBoC’s recent memo meant every remaining mining operation and exchange had to shut down.
Source: China’s crypto ban: Buy the dip or cause for concern?

Legality & Taxation of Cryptos / IMF reiterates more oversight for crypto in latest report on financial stability

« on: October 13, 2021, 02:05:35 PM »

The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility. The International Monetary Fund’s Financial Stability Board said the growing adoption of cryptocurrencies could potentially increase the risks to the global economy.

In its Global Financial Stability Report released on Tuesday, the International Monetary Fund, or IMF, said the adoption of crypto assets and stablecoins in emerging markets and developing economies could pose a challenge to those countries’ macroeconomic and financial stability. The group said the risks were “contained for now,” but urged regulators to monitor cryptocurrencies and keep them in check.
Source: IMF reiterates more oversight for crypto in latest report on financial stability

Legality & Taxation of Cryptos / Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, s

« on: October 13, 2021, 01:57:46 PM »

Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin.
While Russia continues to enforce a ban on cryptocurrency payments as part of a law that took effect in January, the country has no plans at this time to completely prohibit trading by its citizens.

According to a Tuesday report from local news agency Interfax, Alexey Moiseev, the deputy finance minister of the Russian Federation, said he believes Russian citizens will continue to be allowed to buy and use cryptocurrencies outside the country on foreign exchanges without the threat of legal action at home. Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade cryptocurrencies like Bitcoin (BTC).
Source: Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

Legality & Taxation of Cryptos / SEC Commissioner says 'safe harbor' laws would've made ICO problems worse

« on: October 13, 2021, 01:49:24 PM »

Instead of a safe harbor for crypto firms, SEC Commissioner Caroline Crenshaw called for a “bridge” in which crypto firms work with the SEC to determine compliance plans. Caroline Crenshaw, a commissioner at the U.S. Securities and Exchange Commission (SEC) has said the “safe harbor” proposal would have exacerbated the problems seen during the initial coin offering (ICO) boom of 2017 and 2018.

Crenshaw made the remarks during the annual “SEC Speaks” event this month, and posted her speech to the SEC website on Oct. 12.
Source: SEC Commissioner says 'safe harbor' laws would've made ICO problems worse

Legality & Taxation of Cryptos / New Australian ransomware plan allows for seizure of crypto

« on: October 13, 2021, 01:47:20 PM »

Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation.
Australian lawmakers are taking a tougher stance against ransomware with a new plan that increases penalties for offenders.

The new measures and proposed Surveillance Legislation Amendment announced by the federal government on Oct. 13 come after a 60% surge in cyberattacks on Australian businesses and state agencies last year. According to reports, these incursions cost the economy $AU1.4 billion (around $US1 billion).
Source: New Australian ransomware plan allows for seizure of crypto

Bitcoin News & Updates / SEC Chair Gary Gensler actually is pro-Bitcoin, Volt Equity CEO argues

« on: October 13, 2021, 01:40:59 PM »

Volt recently received approval for an ETF that includes stocks in various crypto-related companies. The founder of Volt Equity believes that United States regulators have a fair reason to be slow in approving a pure Bitcoin (BTC)-related exchange-traded fund (ETF).

Volt Equity CEO and founder Tad Park voiced support for the U.S. Securities Exchange Commission regarding the regulator’s unwillingness to approve an ETF that would track Bitcoin directly.

In a Tuesday Fox Business interview, Park argued that SEC Chair Gary Gensler “actually is pro-Bitcoin” but is also “a little bit misunderstood” regarding his perspective on crypto regulation in the United States.
Source: SEC Chair Gary Gensler actually is pro-Bitcoin, Volt Equity CEO argues

Binance / Binance to suspend Chinese yuan from P2P platform in December

« on: October 13, 2021, 01:38:09 PM »

Binance is taking more measures to comply with China’s cryptocurrency crackdown with new restrictions in the mainland. Binance crypto exchange officially announced on Wednesday that the company will delist the Chinese yuan (CNY) from its peer-to-peer trading platform on Dec. 31.

Alongside terminating yuan trading pairs, Binance will continue further restricting access to its platform for users from mainland China, introducing new measures for accounts found to be linked to the region. Binance will specifically limit such accounts to “withdrawal only” mode, limiting transactions to withdrawals, redeeming and closing positions.
Source: Binance to suspend Chinese yuan from P2P platform in December

Blockchain Technology / Bringing blockchain, AI and privacy-preserving computation together is the 2.0 v

« on: October 13, 2021, 01:33:59 PM »

There may only be one thing standing in the way of advanced artificial intelligence, a decentralized privacy-preserving computation network. Artificial Intelligence (AI) is quickly proving how it can change the landscape of society today. With more data comes greater opportunity to turn data analysis into a method for strategic decision-making and unlock new user experiences.

Although the applications of AI are many from knowledge reasoning to game playing and even extending as far as machine learning, new vulnerabilities are becoming apparent with private and sensitive information. Many of the world's technology giants in the United States and China have accumulated massive amounts of data through existing internet services in AI development. However, the more "intelligent" AI is, the more personal the information that needs to be acquired, managed and studied, raising the question of the ethics behind privacy protection.
Source: Bringing blockchain, AI and privacy-preserving computation together is the 2.0 version of this network’s white paper

Binance / Binance to launch $1B fund to develop BSC ecosystem

« on: October 13, 2021, 01:31:21 PM »

The announcement stated that the program is the largest ever announced in the crypto space. The Binance cryptocurrency exchange has announced a $1 billion accelerator fund to expand the capabilities of the Binance Smart Chain ecosystem and advance mainstream adoption across the financial technology sector.

The exchange showcased the eight-figure fund in a tiered development model across four specialist areas: Talent Development, Liquidity Incentive Program, Builder Program and Investment & Incubation Program. The announcement suggested that they will allocate $100M, $100M, $300M and $500M to each segment, respectively.
Source: Binance to launch $1B fund to develop BSC ecosystem

Ripple News & Updates / Ripple and Nelnet launch $44M fund for carbon-negative crypto industry

« on: October 13, 2021, 01:27:30 PM »

Ripple has contributed the majority of a $44-million fund to support solar energy projects across the United States. Blockchain payments firm Ripple has announced a $44-million environmental, social and governance (ESG) joint venture partnership with fintech provider Nelnet Renewable Energy to fund the adoption of environmentally conscious solar energy initiatives across the United States.

According to the announcement, the new fund is expected to offset over 1.5 million tons of carbon dioxide over 35 years, equivalent to the energy usage of 180,635 homes for one annum.
Source: Ripple and Nelnet launch $44M fund for carbon-negative crypto industry

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