Crypto Analyst Details Bitcoin Playbook Through October, Says US Dollar Index Is Bullish for Crypto

A widely followed crypto analyst is sharing what he expects to be Bitcoin's (BTC) trajectory over the next month.

from Google Alert - Bitcoin https://ift.tt/DJdZMkn

The world needs Bitcoin as a universal legal tender. We can't keep printing money (fiat) to fight inflation. And with Bitcoin, mining needs to be environmentally friendly.

Money should help people. It shouldn't devastate them and harm the planet.

Submitted September 29, 2022 at 09:06PM by btc-x24 https://ift.tt/Px2pvDB https://ift.tt/QDiTX86

Daily Discussion, September 30, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted September 30, 2022 at 12:07AM by rBitcoinMod https://ift.tt/IrxVHuN https://ift.tt/QDiTX86

CoinEx Establishes Partnership With RLWC2021

PRESS RELEASE. The Rugby League World Cup 2021 (RLWC2021) has announced CoinEx as its official cryptocurrency trading platform partner.

Founded in 2017, CoinEx is a professional global cryptocurrency exchange. Dedicated to ‘making crypto trading easier’, CoinEx provides a highly secure, stable and efficient service for its three million global users.

It’s a first for the World Cup to be in a position to follow other sports in having a cryptocurrency company as a partner, and CoinEx is honoured to have the opportunity to establish a partnership with RLWC2021.

CoinEx CEO Haipo Yang said, “We genuinely admire what the RLWC2021 represents. The tournament is set to trail blaze a way to reach new audiences for the sport, and we are excited to be a part of that through our partnership.

“This will be the first major sponsorship activity we have undertaken, and we look forward to working together to make it a success for both parties.”

Jon Dutton, RLWC2021‘s Chief Executive, said: “Crypto companies have recently established themselves in the sports sponsorship market, and I am pleased that we have been able to introduce this innovative sector to the Rugby League World Cup.

“CoinEx is a global company whose trading platform focuses on being secure, stable, professional and compliant, which aligns with RLWC2021’s value of authenticity. We’re excited to add CoinEx to our partner roster and look forward to working together on the partnership.”

The RLWC2021 is set to take place from 15 October to 19 November 2022 and will be the first time the RLWC encompasses the men’s, women’s and wheelchair competitions within one tournament.

To learn more about the Rugby League World Cup 2021 sponsored by CoinEx, visit https://www.rlwc2021.com/.

 

 

---

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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90% Of All Bitcoin Rewards Are Received by Just 10% Of the Miners - Bankless Times

New data reveals that Bitcoin mining is becoming more centralized. This centralization undermines Bitcoin's decentralization and could pose security ...

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Elon Musk wanted to charge 0.1 DOGE to tweet

A large amount of Elon Musk’s phone records were released for the upcoming Twitter trial.

It turns out he had a plan that was later deemed not feasible to put Twitter on the blockchain, ban all bots, and charge 0.1 DOGE to tweet or retweet.

“I have an idea for a blockchain social media system that does both payments and short text messages/links like twitter. You have to pay a tiny amount to register your message on the chain, which will cut out the vast majority of spam and bots. There is no throat to choke, so free speech is guaranteed.”

“My Plan B is a blockchain-based version of twitter, where the ‘tweets’ are embedded in the transaction of comments.”

“So you’d have to pay maybe 0.1 Doge per comment or repost of that comment.”

Submitted September 29, 2022 at 10:55PM by pbjclimbing https://ift.tt/lWhSy8U https://ift.tt/QDiTX86

HistoryDAO’s Mission to Take History From the Victors and Give It to the Masses

Humans have sought to preserve memories since prehistoric times, etching images into cave walls and tying knots into a crudely fashioned cord. Tribes and clans gave birth to language that could preserve the past in words, and words found their way into print forms, thereby conceiving history.

In the information age, the Internet has become the carrier of historical records, which achieved an almost geological level of permanence through the power of immutable “blocks” recorded on blockchains.

Blockchain was a timely development–a solution, in fact, to certain curses of history.

What are the curses of history?

Centralized historical records: From ancient times to the present, the power to record history has been in the hands of centralized entities. Unofficial history and folk records may be available but are obscured by media nobility. Yet, despite the “information age,” this situation remains unbroken and arguably worse, as powerful centralized media accumulate more power than ever before. Meanwhile, the crypto world has produced a means to record that any central authority cannot access.

The volume and complexity of information are overwhelming: Under the massive pile of data defining the information age, it is nearly impossible to either judge or asserts what is true. Ordinary people whose voices are minimized lack the means to assert their history. Perhaps in the future, as little will survive that can be believed about us as has survived from centuries before.

HistoryDAO aims to solve the above through Web3 & blockchain technology.

Using blocks to carry history

During his exile, Herodotus wrote the book Ἱστορίαι (History) from his perspective, recording what he heard and saw during his travels throughout the Persian Empire in the 5th century BCE. This is the first entirely handed down the historical record in Western history. The Roman orator Cicero called him “the father of history.”

As objective as Herodotus may have intended, all that he recorded was necessarily subjective from his point of view. Historical records typically lack certain fairness in this regard.

Famously, “history is written by the victors,” but the truth is known by those who experience it. Even the ancient Greek historian Thucydides attempted to overcome the issue with a commitment to rigorous data collection and causal analysis. He consciously avoided reliance on third-hand impressions, noting, “The events described are either what I saw, or what I have carefully examined after hearing from those who have seen them in person.”

Herodotus and Thucydides were great historians, but how might average witnesses be more involved?

Blockchain may have an answer.

Just as Bitcoin decentralizes minting power, HistoryDAO decentralizes the power of historical records.

Thanks to blockchain technology, HistoryDAO allows users to issue, query and trade NFTs of any record on Ethereum and BNB Chain:

● HistoryDAO supports various data formats in the form of historical records, allowing users to record multi-dimensional information;

● HistoryDAO has a secondary market for NFTs that allows users to discover efficiently, evaluate, trade, manage, and ultimately value moments or histories;

● HistoryDAO is entirely owned and managed by the community, and the community agenda entirely drive the development of the DAO;

In a nutshell, HistoryDAO is an NFT platform powered by DAOs, i.e. decentralized community organizations.

While HistoryDAO provides the service of recording history for individuals, it also has a history that has been agreed upon by the DAO organization – the community is responsible for recording weekly, monthly, and annual historical figures, historical processes, historical albums and significant historical events.

How does HistoryDAO organize products and commercialize them?

Let’s explore the functions and services of HistoryDAO in depth from three aspects.

Minting History NFTs and Secondary Markets

As mentioned above, HistoryDAO lets users record diverse historical information, which will be kept in the user’s blockchain wallet in the form of NFTs, which are open, transparent, and 100% tamper-proof.

Again, the data recorded by the user can be anything. Any bits and pieces of life will do, good memories with friends and loved ones, and great game moments. When people of the future reproduce the life of our contemporaries through NFTs recorded by HistoryDAO, they’ll be far more confident of dates and intact preservation than we are of the ancients by studying the map of the Qingming Festival.

When minting NFTs, HistoryDAO users pay 0.01 ETH between a service fee and a gas fee. The service fee is directly transferred to the market liquidity reserve controlled by the DAO, which is the DAO treasury.

The historical NFT minted by users can then be circulated and traded in the secondary market, paying the HistoryDAO market a 2% commission on the trade, which is also transferred to the DAO treasury.

The HistoryDAO market will also sort various historical NFTs, and the sorting will refer to multiple properties, such as the listing time, page views, and favourites of the corresponding NFTs. In addition, each new algorithm change must be proposed in the DAO and supported by the community to ensure that the exposure of each historical NFT is as fair as possible.

Initial NFT Offering (INO)

To make history recording more efficient, HistoryDAO introduces the concept of “Initial NFT Offerings,” or INOs. Any user can contribute a topic to a collection of NFTs, which is done by co-building the collection of NFTs with other community members.

Let’s take sporting events as an example.

In a season of basketball, or whatever sport, users can create NFTs for each game, and as the season progresses, record the details of each game through information such as pictures, video clips, and player data. Of course, the NFT of a beautiful game is more collectable than the NFT of ordinary games, and the NFT of the final is more collectable than earlier playoffs. Users can always choose the best moments of any number of games to mint NFTs after the season. For brands, the INO campaign is a re-use of the influence of previous events, which is very cost-effective.

Of course, this is just an example from the wide world of sports. But an INO campaign launched on HistoryDAO can be under any category imaginable.

Brands with innovative marketing ideas can use HistoryDAO as well, commemorating their campaigns with NFTs and giving them longer life through trading and audience engagement.

DAOs and Tokens

Unlike other NFT platforms, HistoryDAO focuses more on community interaction and community power. HistoryDAO is a platform for recording history, not an NFT trading market. Therefore, HistoryDAO pays more attention to the algorithm for community activity in product design, hoping to build a strong community product like Reddit.

Community power, in part, means preventing the centralization of historical records and freedom of speech. Decentralized communities can resist the censorship of historical records by powerful interest groups. They will increase people’s enthusiasm for decentralized historical records, enhancing the value of HistoryDAO NFTs.

The governance of HistoryDAO will be facilitated by its native token $HAO. Holding $HAO is the entry qualification for DAO participation. After entering the DAO, community members can perform governance actions such as submitting proposals, commenting, and voting.

In addition to governance, $HAO will be applied to all aspects of HistoryDAO products. For example, when the market conducts NFT transactions, if $HAO is used to pay, the market will only charge a 1.5% commission rather than the standard 2%.

From Witnessing to Writing: How HistoryDAO Empowers Web3

There is no doubt that history has a special meaning for humanity and each human being. As Tang Taizong Li Shimin said, “Take copper as a mirror, and you can correct your clothes. Take people as a mirror; you can know the gains and losses. Take history as a mirror, and you can know the rise and fall.”

History is the foundation on which we move forward.

But relevant interest groups often revise historical records, covering up scandals and bending the record for private purposes. In any case, historical records are often guided by subjective emotions and lose their original fairness.

Today, HistoryDAO is reversing the shortcomings of historical records through blockchain and NFT technology. But, just as Bitcoin decentralizes minting power, HistoryDAO decentralizes the power of history.

Decentralized and tamper-resistant historical records will record history from multiple perspectives and pursue the fairness and authenticity of historical records.

This is the embodiment of the spirit advocated by Web3 – Web3 advocates individual sovereignty and individual value in a diverse community context, in which case we believe the victors may no longer write history, and all human beings can participate equally.

NFTs connected with topics in the real world will enhance the relevance of Web3 to the real world, attracting more people to understand the Web3 world actively. Enabling NFT adoption through accurate historical records will also drive the further development and maturity of the Web3 world.

In addition, the INO campaign led by HistoryDAO can also provide strong marketing support for various brands. It has become a trend for Web2 brands to be marketed through Web3 means. Tiffany’s launch of CryptoPunks custom NFTs and Starbucks’ Starbucks Odyssey program are good examples.

As the Web3 world grows in influence, more Web2 brands will be thinking about how to use Web3 for their marketing campaigns and community growth. For unfamiliar Web2 brands, a simple and intuitive Web3 marketing plan is all that is needed.

And the INO campaign launched by HistoryDAO meets this need. This type of demand will likely be one of the main drivers of HistoryDAO’s future growth.

Once in stone, next in text, now in block

HistoryDAO’s founding mission was to allow everyone to record history without encroachment by any centralized power. The essence of HistoryDAO is to allow the decentralization of the power of historical records.

This is undoubtedly groundbreaking, and it is also a deconstruction of the spirit of Web3 – Web3 is far more than decentralized finance, as it includes multiple levels of thinking, application, and integration into human culture. With the power of decentralized historical records endowed by blockchain technology, everyone in this world will have the opportunity to say, like Caesar: I came, I saw, I recorded!

 

 

 

---

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all the currencies crashing against the $USD… we’re relying on fed to save us. Any chance we turn the money printer back on to bail out bonds but still raise int rates to fight inflation like other countries have started (more inflation)… do you think we can see a btc standard among central banks?

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Submitted September 28, 2022 at 09:00PM by StonksBitcoin https://ift.tt/E9oRjhB https://ift.tt/Ak1qenJ

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Bitcoin and gold could rally by year's end: Bloomberg analyst; billions will use ... - Stockhead

Portfolio making you ill? Bloomberg's Mike McGlone predicts big things for Bitcoin, gold and Ethereum. Pantera Capital's CEO is bullish, too.

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The Bank of England just repeated a similar bailout that potentially inspired the creation of Bitcoin.

On the 3rd of January 2009, The Times published a front page article with the heading "Chancellor on brink of second bailout for banks".

These words were stamped in the Genesis block of the Bitcoin blockchain.

While Nakamoto never clearly stated the meaning of the message, many have interpreted it as a reference to why Nakamoto developed Bitcoin: to cut out the banks and middlemen that he saw as corrupt and unreliable, electing to create a more people-driven currency.

It transpired the Bank of England provided emergency funding of £61.6bn to crisis hit banks at the height of the financial crisis.

On Tuesday night, the yield on any new long-term government borrowing had risen to 5% – the highest level since the global financial crisis of 2008. The rapid upward move in gilt yields had implications for mortgage rates, overdrafts, company loans and pension funds.

As a result, the Bank has responded with a temporary and targeted round of quantitative easing (QE) – the bond buying programme that it originally launched in early 2009.

It plans initially to spend £65bn – £5bn a day – buying UK bonds until mid October.

The Bank has not paid for the bonds in cash, it has created the money with a guarantee from the Treasury, which means that every pound is covered by the taxpayer.

It's been pointed out that this money printing has predominantly been used to bail out the pension funds of the Boomers (58 - 76).

It's worth while pointing out everything that's happening in the UK is largely without a mandate from the British people. A group of politicians ousted the Prime Minister with one of the largest electoral mandates in history (13,966,454 votes).

It became clear that many had an agenda to further their own career. The replacement PM Liz Truss was voted in by just 81,326 members of the Conservative party. Now she's taking the country down her own completely new experimental financial path which is never appeared in any conservative party manifesto... crashing the gilt market and pound as she goes.

Things got so bad that another unelected, unaccountable party... the Central Bank of England.. undemocratically prints £60+ billion out of thin air to predominantly bail out boomers (of which there are many among them)... adding to the taxpayer tab to be paid off by subsequent generations going through their own cost of living crisis.

In short... thank fuck for Satoshi and Crypto. It may not be perfect but at least today there are freely open, transparent, democratic and decentralised alternative financial systems we can participate in should we wish. That's fair and true democracy.

TDLR

In 2022 the Bank Of England has just repeated a similar styled money printing bailout that inspired the movement behind the worlds first crypto Bitcoin in 2008/9. Let's hope the actions of today's undemocratic financial and political elite, inspire a whole new generation to keep driving the decentralised financial revolution forward in the same way.

Submitted September 28, 2022 at 06:24PM by jam-hay https://ift.tt/mRNOoq0 https://ift.tt/Ak1qenJ

Daily Discussion, September 29, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted September 29, 2022 at 12:07AM by rBitcoinMod https://ift.tt/Z19c6fk https://ift.tt/Ak1qenJ

HistoryDAO’s Mission to Take History From the Victors and Give It to the Masses

Humans have sought to preserve memories since prehistoric times, etching images into cave walls and tying knots into a crudely fashioned cord. Tribes and clans gave birth to language that could preserve the past in words, and words found their way into print forms, thereby conceiving history.

In the information age, the Internet has become the carrier of historical records, which achieved an almost geological level of permanence through the power of immutable “blocks” recorded on blockchains.

Blockchain was a timely development–a solution, in fact, to certain curses of history.

What are the curses of history?

Centralized historical records: From ancient times to the present, the power to record history has been in the hands of centralized entities. Unofficial history and folk records may be available but are obscured by media nobility. Yet, despite the “information age,” this situation remains unbroken and arguably worse, as powerful centralized media accumulate more power than ever before. Meanwhile, the crypto world has produced a means to record that any central authority cannot access.

The volume and complexity of information are overwhelming: Under the massive pile of data defining the information age, it is nearly impossible to either judge or asserts what is true. Ordinary people whose voices are minimized lack the means to assert their history. Perhaps in the future, as little will survive that can be believed about us as has survived from centuries before.

HistoryDAO aims to solve the above through Web3 & blockchain technology.

Using blocks to carry history

During his exile, Herodotus wrote the book Ἱστορίαι (History) from his perspective, recording what he heard and saw during his travels throughout the Persian Empire in the 5th century BCE. This is the first entirely handed down the historical record in Western history. The Roman orator Cicero called him “the father of history.”

As objective as Herodotus may have intended, all that he recorded was necessarily subjective from his point of view. Historical records typically lack certain fairness in this regard.

Famously, “history is written by the victors,” but the truth is known by those who experience it. Even the ancient Greek historian Thucydides attempted to overcome the issue with a commitment to rigorous data collection and causal analysis. He consciously avoided reliance on third-hand impressions, noting, “The events described are either what I saw, or what I have carefully examined after hearing from those who have seen them in person.”

Herodotus and Thucydides were great historians, but how might average witnesses be more involved?

Blockchain may have an answer.

Just as Bitcoin decentralizes minting power, HistoryDAO decentralizes the power of historical records.

Thanks to blockchain technology, HistoryDAO allows users to issue, query and trade NFTs of any record on Ethereum and BNB Chain:

● HistoryDAO supports various data formats in the form of historical records, allowing users to record multi-dimensional information;

● HistoryDAO has a secondary market for NFTs that allows users to discover efficiently, evaluate, trade, manage, and ultimately value moments or histories;

● HistoryDAO is entirely owned and managed by the community, and the community agenda entirely drive the development of the DAO;

In a nutshell, HistoryDAO is an NFT platform powered by DAOs, i.e. decentralized community organizations.

While HistoryDAO provides the service of recording history for individuals, it also has a history that has been agreed upon by the DAO organization – the community is responsible for recording weekly, monthly, and annual historical figures, historical processes, historical albums and significant historical events.

How does HistoryDAO organize products and commercialize them?

Let’s explore the functions and services of HistoryDAO in depth from three aspects.

Minting History NFTs and Secondary Markets

As mentioned above, HistoryDAO lets users record diverse historical information, which will be kept in the user’s blockchain wallet in the form of NFTs, which are open, transparent, and 100% tamper-proof.

Again, the data recorded by the user can be anything. Any bits and pieces of life will do, good memories with friends and loved ones, and great game moments. When people of the future reproduce the life of our contemporaries through NFTs recorded by HistoryDAO, they’ll be far more confident of dates and intact preservation than we are of the ancients by studying the map of the Qingming Festival.

When minting NFTs, HistoryDAO users pay 0.01 ETH between a service fee and a gas fee. The service fee is directly transferred to the market liquidity reserve controlled by the DAO, which is the DAO treasury.

The historical NFT minted by users can then be circulated and traded in the secondary market, paying the HistoryDAO market a 2% commission on the trade, which is also transferred to the DAO treasury.

The HistoryDAO market will also sort various historical NFTs, and the sorting will refer to multiple properties, such as the listing time, page views, and favourites of the corresponding NFTs. In addition, each new algorithm change must be proposed in the DAO and supported by the community to ensure that the exposure of each historical NFT is as fair as possible.

Initial NFT Offering (INO)

To make history recording more efficient, HistoryDAO introduces the concept of “Initial NFT Offerings,” or INOs. Any user can contribute a topic to a collection of NFTs, which is done by co-building the collection of NFTs with other community members.

Let’s take sporting events as an example.

In a season of basketball, or whatever sport, users can create NFTs for each game, and as the season progresses, record the details of each game through information such as pictures, video clips, and player data. Of course, the NFT of a beautiful game is more collectable than the NFT of ordinary games, and the NFT of the final is more collectable than earlier playoffs. Users can always choose the best moments of any number of games to mint NFTs after the season. For brands, the INO campaign is a re-use of the influence of previous events, which is very cost-effective.

Of course, this is just an example from the wide world of sports. But an INO campaign launched on HistoryDAO can be under any category imaginable.

Brands with innovative marketing ideas can use HistoryDAO as well, commemorating their campaigns with NFTs and giving them longer life through trading and audience engagement.

DAOs and Tokens

Unlike other NFT platforms, HistoryDAO focuses more on community interaction and community power. HistoryDAO is a platform for recording history, not an NFT trading market. Therefore, HistoryDAO pays more attention to the algorithm for community activity in product design, hoping to build a strong community product like Reddit.

Community power, in part, means preventing the centralization of historical records and freedom of speech. Decentralized communities can resist the censorship of historical records by powerful interest groups. They will increase people’s enthusiasm for decentralized historical records, enhancing the value of HistoryDAO NFTs.

The governance of HistoryDAO will be facilitated by its native token $HAO. Holding $HAO is the entry qualification for DAO participation. After entering the DAO, community members can perform governance actions such as submitting proposals, commenting, and voting.

In addition to governance, $HAO will be applied to all aspects of HistoryDAO products. For example, when the market conducts NFT transactions, if $HAO is used to pay, the market will only charge a 1.5% commission rather than the standard 2%.

From Witnessing to Writing: How HistoryDAO Empowers Web3

There is no doubt that history has a special meaning for humanity and each human being. As Tang Taizong Li Shimin said, “Take copper as a mirror, and you can correct your clothes. Take people as a mirror; you can know the gains and losses. Take history as a mirror, and you can know the rise and fall.”

History is the foundation on which we move forward.

But relevant interest groups often revise historical records, covering up scandals and bending the record for private purposes. In any case, historical records are often guided by subjective emotions and lose their original fairness.

Today, HistoryDAO is reversing the shortcomings of historical records through blockchain and NFT technology. But, just as Bitcoin decentralizes minting power, HistoryDAO decentralizes the power of history.

Decentralized and tamper-resistant historical records will record history from multiple perspectives and pursue the fairness and authenticity of historical records.

This is the embodiment of the spirit advocated by Web3 – Web3 advocates individual sovereignty and individual value in a diverse community context, in which case we believe the victors may no longer write history, and all human beings can participate equally.

NFTs connected with topics in the real world will enhance the relevance of Web3 to the real world, attracting more people to understand the Web3 world actively. Enabling NFT adoption through accurate historical records will also drive the further development and maturity of the Web3 world.

In addition, the INO campaign led by HistoryDAO can also provide strong marketing support for various brands. It has become a trend for Web2 brands to be marketed through Web3 means. Tiffany’s launch of CryptoPunks custom NFTs and Starbucks’ Starbucks Odyssey program are good examples.

As the Web3 world grows in influence, more Web2 brands will be thinking about how to use Web3 for their marketing campaigns and community growth. For unfamiliar Web2 brands, a simple and intuitive Web3 marketing plan is all that is needed.

And the INO campaign launched by HistoryDAO meets this need. This type of demand will likely be one of the main drivers of HistoryDAO’s future growth.

Once in stone, next in text, now in block

HistoryDAO’s founding mission was to allow everyone to record history without encroachment by any centralized power. The essence of HistoryDAO is to allow the decentralization of the power of historical records.

This is undoubtedly groundbreaking, and it is also a deconstruction of the spirit of Web3 – Web3 is far more than decentralized finance, as it includes multiple levels of thinking, application, and integration into human culture. With the power of decentralized historical records endowed by blockchain technology, everyone in this world will have the opportunity to say, like Caesar: I came, I saw, I recorded!

 

 

 

---

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

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all the currencies crashing against the $USD… we’re relying on fed to save us. Any chance we turn the money printer back on to bail out bonds but still raise int rates to fight inflation like other countries have started (more inflation)… do you think we can see a btc standard among central banks?

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Submitted September 28, 2022 at 09:00PM by StonksBitcoin https://ift.tt/E9oRjhB https://ift.tt/Ak1qenJ

Binance Seeks License to Reenter Japanese Crypto Market After Exiting 4 Years Ago: Report

Crypto exchange Binance is reportedly seeking to reenter the Japanese crypto market. The company exited Japan four years ago after the country’s financial regulator warned that Binance was operating illegally without a license.

Binance Wants Back in Japan

Crypto exchange Binance is seeking a license to return to the Japanese crypto market, four years after exiting the country, Bloomberg reported Monday, citing people familiar with the matter.

The key reasons behind Binance’s renewed interest in Japan are the Japanese government’s easing regulatory approach to crypto and substantial potential for user growth, according to one of the people.

A spokesperson for Binance told the publication that the company is “committed to working with regulators and policymakers to shape policies that protect consumers, encourage innovation, and move our industry forward.” However, the spokesperson would not comment on specific license applications, noting that “It would be inappropriate to comment on any conversations with regulators.”

Binance exited the Japanese crypto market in 2018 following a warning by Japan’s top financial regulator, the Financial Services Agency (FSA), about operating without a license. In June last year, Binance got another warning from the FSA reiterating that the exchange has been providing crypto exchange services to Japanese customers without registration.

Following warnings from multiple regulators that it has been operating illegally without a license, Binance has made regulatory compliance one of its top priorities. The exchange platform previously revealed its plans to become a regulated financial institution.

Recently, Binance established a global advisory board to tackle regulatory challenges. The body is comprised of “distinguished experts in public policy, government, finance, economics, and corporate governance,” Binance detailed.

What do you think about Binance seeking to return to the Japanese crypto market? Let us know in the comments section below.

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I found fake Reddit Avatars being sold on OpenSea! Don't get scammed.

I was doing some casual browsing as one does on OpenSea, which led me to the Butterfly of Diamonds...which led me to one particular user selling avatar-looking NFTS! BE warned because they won't be the first ones. Other fakes must already be out there...

Here is an example - spot the fake:

The Butterfly of Diamonds #406 is fake!

The one on the left is fake (#406). Why? Because it doesn't have the blue check mark at the end showing it's from the official collection. Why is this important? Well for someone not knowing how OpenSea works/is trying to buy an NFT on the secondary market...if they don't catch that they could quickly be handing over money for a useless image. It looks so real! But it isn't due to there being no checkmark.

This one butterfly is not an anomaly. Their wallet is littered with other official-looking avatars!

Again the Cheeky Book and Classic Animation look innocent but are fakes due to no blue check marks!

The Butterfly, Meme Team, & Mia are all good-looking fakes.

Another way to verify an NFT belongs to an official Reddit collection is to look for the following:

The collection title at the top will take you to the official Reddit collection page/has a blue check mark. Those cannot be faked.

TLDR: with the explosion in popularity behind our beloved avatar NFTs there seem to be fakes and scammers creating them in an attempt to make a quick buck. Perhaps the metadata for those NFTs is not showing properly...but this user seems to have too many "fakes".

BE WARNED! Reddit will need to work with OpeanSea to make sure others don't get harmed.

Submitted September 27, 2022 at 09:16PM by Roy_Playz https://ift.tt/OCLaBJ9 https://ift.tt/h62fuZ5

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Bitcoin Price and Ethereum Print Bullish Pattern, UNI Surges - Crypto News

Bitcoin price gained over 5% and surpassed $20000. Ethereum could gain pace above $1400, XRP might clear $0.48.

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Daily Discussion, September 28, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

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Submitted September 28, 2022 at 12:08AM by rBitcoinMod https://ift.tt/lHjdFfJ https://ift.tt/h62fuZ5

LBank Exchange Will List Genesis Token (GTN) on September 29, 2022

PRESS RELEASE. INTERNET CITY, DUBAI, Sep. 28, 2022 – LBank Exchange, a global digital asset trading platform, will list Genesis Token (GTN) on September 29, 2022. For all users of LBank Exchange, the GTN/USDT trading pair will be officially available for trading at 10:00 UTC on September 29, 2022.

Based on the most advanced blockchain generation – Blockchain 5.0, Relictum Pro creates a global platform that covers all the aspects of human life in a distributed registry, offering unmatched solutions for real-world problems. Its native token Genesis Token (GTN) will be listed on LBank Exchange at 10:00 UTC on September 29, 2022, to further expand its global reach and help it achieve its vision.

Introducing Relictum Pro

Relictum Pro is a scalable, advanced public and private blockchain platform, where every device is a node able to conduct instant and cheap transactions. It’s a platform that can be used both with thin clients and with more powerful processors, basic stations, as well as with the latest electronic and computer technologies, including quantum computer.

A blockchain is a chain of blocks, and Relictum Pro is a system of event formalization having dynamic blocks in addition to the chains of blocks themselves. This greatly expands the possibilities and brings to another level of the mathematical apparatus, and allows users to create not only one-dimensional models of chains, but two-dimensional, three-dimensional, and even four-dimensional models of event formalization.

Compared to the current blockchain, Relictum Pro network instantly self-organizes and establishes virtual channels between nodes, and its transaction speed (the rate of filling the entire network with blocks in each node) takes from 0.5 to 1 sec, with an estimated system performance value of 1,000,000 trns/s under ideal conditions.

Relictum Pro is a full-fledged blockchain platform capable of operating in both private and public access for government, commercial and private activities. It is an endless distributed registry with a developed system of smart contracts, describing (formalizing) any event in human life, ranging from buying and selling goods and services, recording logistic events, to tracking copyright and interacting with legal entities, including a number of self-executing transactions (smart contracts) in any field of activity.

In addition to the Relictum Pro Blockchain, there’s also a group of the most modern blockchain ideas created for the Relictum ecosystem in the form of products working on a single platform, including: Relictum Wallet; Relictum Decentralized Storage; Relictum DEX; Relictum NFT; Relictum Pay; Relictum Games; Relictum StartupLaboratory.

Solving the problems of existing platforms and having the most advanced parameters, Relictum Pro Blockchain can offer solutions on a global economic scale, making processes transparent and honest, and making human life simpler, safer, and more comfortable.

About GTN Token

Genesis Token (GTN) is the governance token that expresses the intellectual property (IP) right of Relictum Pro network. It allows users to receive rewards from the transactions within the network, and provides users with the possibility to receive royalties for using the intellectual property (IP) of the Relictum Pro network program code in the amount of 2% of the size of the forging (emission) of USDR, a completely transparent, secured stable coin, issued by Relictum’s special emission center Relictum Finance.

The total supply amount of GTN is 10 billion (i.e. 10,000,000,000) tokens, of which 38% of is allocated for the team to build the blockchain network, develop the project and further develop the code, 50% is provided for early participants, 7% will be used for marketing, 2% is provided for bounty program, and the remaining 3% is allocated to advisers and experts.

The GTN token will be listed on LBank Exchange at 10:00 UTC on September 29, 2022, investors who are interested in Relictum Pro investment can easily buy and sell GTN token on LBank Exchange by then. The listing of GTN on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

Learn More about GTN Token:

Official Website: https://relictum.pro

Official Telegram Groups: https://t.me/relictum_pro_chat

Twitter: https://twitter.com/relictumpro

Facebook: https://www.facebook.com/relictumpr/

Instagram: https://www.instagram.com/relictum_pro_official/

Reddit: https://www.reddit.com/user/RelictumPro_official

Medium: https://relictumpro.medium.com/

YouTube: https://www.youtube.com/c/relictumpro

Github: https://github.com/relictumblockchain/docs

LinkedIn: https://www.linkedin.com/company/relictum-pro/

Bitcointalk: https://bitcointalk.org/index.php?topic=5221631.0

About LBank

LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute the global adoption of cryptocurrencies.

Start Trading Now: lbank.info

Community & Social Media:

l Telegram

l Twitter

l Facebook

l LinkedIn

l Instagram

l YouTube

Contact Details:

LBK Blockchain Co. Limited

LBank Exchange

marketing@lbank.info

business@lbank.info

 

 

 

---

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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I found fake Reddit Avatars being sold on OpenSea! Don't get scammed.

I was doing some casual browsing as one does on OpenSea, which led me to the Butterfly of Diamonds...which led me to one particular user selling avatar-looking NFTS! BE warned because they won't be the first ones. Other fakes must already be out there...

Here is an example - spot the fake:

The Butterfly of Diamonds #406 is fake!

The one on the left is fake (#406). Why? Because it doesn't have the blue check mark at the end showing it's from the official collection. Why is this important? Well for someone not knowing how OpenSea works/is trying to buy an NFT on the secondary market...if they don't catch that they could quickly be handing over money for a useless image. It looks so real! But it isn't due to there being no checkmark.

This one butterfly is not an anomaly. Their wallet is littered with other official-looking avatars!

Again the Cheeky Book and Classic Animation look innocent but are fakes due to no blue check marks!

The Butterfly, Meme Team, & Mia are all good-looking fakes.

Another way to verify an NFT belongs to an official Reddit collection is to look for the following:

The collection title at the top will take you to the official Reddit collection page/has a blue check mark. Those cannot be faked.

TLDR: with the explosion in popularity behind our beloved avatar NFTs there seem to be fakes and scammers creating them in an attempt to make a quick buck. Perhaps the metadata for those NFTs is not showing properly...but this user seems to have too many "fakes".

BE WARNED! Reddit will need to work with OpeanSea to make sure others don't get harmed.

Submitted September 27, 2022 at 09:16PM by Roy_Playz https://ift.tt/OCLaBJ9 https://ift.tt/h62fuZ5

Found in Tel Aviv

https://ift.tt/dFb4nqy

Submitted September 26, 2022 at 11:55PM by EnceladusJones239 https://ift.tt/mkDYVZr https://ift.tt/NRabLwZ

Holy shit

https://ift.tt/C9wtPx8

Submitted September 27, 2022 at 12:10AM by Myhangdown1 https://ift.tt/FxqRYUI https://ift.tt/NRabLwZ

Bitcoin Price Gearing For Another Lift-Off to $21K, Recent Breakout Suggests - NewsBTC

Bitcoin is gaining pace above the $19500 resistance against the US Dollar. BTC could rise further above $20000 if it stays above the $19000 ...

from Google Alert - Bitcoin https://ift.tt/Wyw8dEa

Stops Hunt: Bitcoin And Ethereum Wick Down Ahead Of CPI - NewsBTC

Volatility has stuck the crypto market as the price of Bitcoin and Ethereum trend to the downside. The two largest cryptocurrencies are reacting.

from Google Alert - Bitcoin https://ift.tt/O7WSNde

A more profitable and less nerve-wracking strategy than HODLing. Step by step.

Edit: It's been pointed out that my BTC numbers are incorrect which is a horrible faux pas. Commenting those numbers out for now and will update. The XMR and ETH numbers are correct. If you test on other crypto you'll see that the strategy still works.

With so much doom over the state of crypto right now, I wanted to submit an actionable post for the sub that would help people out. It has specific steps to help you be more profitable than HODLing or DCAing.

What is the core tenet of investing? Buy low and well high. But how do we know when low is 'low' and when high is 'high'? IMHO, the basis of HODLing is the fear of not knowing that information. Better to squeeze my crypto hard now because what if I sell it and it goes to the moon?

We're going to use some simple technical analysis (TA) to help us easily see the lows and the highs. You're going to learn how to figure the direction change in the trend. And you're going to apply this trend trading strategy to buy when the trend is starting to heat up, and sell when it's starting to cool down.

If you're a seasoned TA trader this post might be below your pay grade. I want to keep this as streamlined as possible to help others feel confident that now is a good time to sell and now is a good time to buy.

To tease you with the results before we get into the How To, here is how I tested:

• Tested BTC, ETH and XMR. By the end of this post you'll feel confident knowing roughly when to buy and when to sell any crypto, derivative or equity
• Each test started with $500 on March 1st of this year

• The price purchased or sold for each entry was the middle between the open and close price for that day. That should help to average out price fluctuations

• The results of buying and HODLing vs applying this MACD strategy are below:

XMR:

• HODL: $457.60 ($2.40 loss)
• MACD: $996.80, or 218% better than HODLing. This was 8 trades over the 7 months.

ETH:

• HODL: $307.20 ($192.80 loss)
• MACD: $1,012.80, or 330% better than HODLing. This was 10 trades over the 7 months.

BTC:

• HODL: numbers being updated
• MACD: numbers being updated

This strategy averaged barely more than 1 buy or sell order per month. There is no need to be stuck to your computer or your phone for fear that you're going to miss something. I've linked to the specific price charts, as well as spreadsheets tracking the details of each of the tests below.

So, what is this magical MACD strategy and how do you implement it?

MACD stands for Moving Average Convergence Divergence. It's a big mouthful of words to describe a trend-following indicator. It shows us the direction the trend is heading. You'll use this information to see when price, or the trend, is headed far enough in a different direction. You'll then buy or sell appropriately.

A few things to note. You will definitely not catch the exact peak and bottom using this strategy. But you'll have a good enough idea that you'll be able to get in around those prices and still make healthy profits. As you can see above, and with your own testing, this strategy is definitely more profitable than HODLing.

Also before we get into it, you are responsible for any actions that you take based on this information. Although I have done a lot of TA and crypto derivatives learning and trading over the past year and a half, I am neither an expert nor am I your advisor. Past historical trends are not an indication of future returns, etc. If you are unsure about anything, feel free to post in the thread and I'll answer as best I can. I would also recommend doing more research on your own about MACD trading, MACD divergences, etc. if you think that would be helpful.

So let's get into it.

1. You'll need an account on a charting platform to do your analysis. Navigate to TradingView and create an account.
2. After you've created your account, search for a crypto using the Search field at the top of the screen. For example, enter BTCUSD and select Bitcoin / U.S. Dollar
3. Now that you have the BTCUSD chart on your screen, we're going to change how it looks:
4. Look along the top of the screen for the Indicators label. To the left of that label is a drop-down arrow labeled Bar's Style. Click that and select Candles. Candles, or candlesticks tell us much more information than a simple line graph of the price.
5. Farther to the left you will see some time frames, e.g. 15m for 15 minutes, 4h for 4 hours, etc. We want to choose D, for one day.
6. So far we're looking at the BTCUSD chart. We've changed the chart style to be candles, and we've changed the time frame to be 1 day. That means that each candlestick on the chart represents the price action for that one day.
7. We're now going to add the MACD indicator, as well as customize it a bit to make it easier to see.
8. Click Indicators along the top of the screen
9. Type in MACD and select Moving Average Convergence Divergence from the list
10. You should now have a second chart on your screen. It will contain two line graphs, and another graph which seems to go above and below an invisible '0' line. The MACD line graph indicates the 12 period (days, in our case) exponential moving average (EMA) of the price. If you changed the time frame to be 1H then the period would be hours. The MACD graph would then be the EMA of 12 hours. The signal line indicates the 26 period EMA line.
11. Let's make some changes to make the MACD chart easier to read. These are the settings which I use, but of course feel free to adjust to your own liking:
12. To the upper-left of the MACD chart you should see some text: MACD 12 26 close 9 EMA EMA. Place your mouse over top of that text and click the Settings cog.
13. In the MACD Settings window, click Style. Ensure that Histogram, MACD, Signal and Zero Line are all checked
14. To the right of Histogram > Color 0 select the graph button. Select Columns
15. To the right of MACD > Color 0 select the line button. Select Line. Do the same for the Signal line right below.

You can see the colour options which I've selected for my graphs.

After you have the graph style and colours customized as you want click OK.

So... what are we looking at?

Compare the two line graphs with the price chart above it and you'll see some similarities. When the green MACD line starts to turn down under the red (signal) line, you can see that indicates that price is about to head downwards.

When the green MACD line starts to turn upwards to move above the red signal line, that indicates that price is about to move upwards.

When we look just at the price chart we have no idea which direction price is going to move. But with the MACD chart, we're given an indication about which direction the chart is going to trend.

And what about the histogram? The bar chart that rises and falls above and below an invisible '0' line?

That graph indicates the space between the MACD line and the signal line, i.e. the difference between the 12- and 26-EMA MACD and signal lines. The taller the histogram graph is indicates the strength of the movement of the MACD and signal lines.

So, the multimillion dollar question now that you've gotten this far... how do we make money with this information?

• When the green MACD line is moving upwards and is just about to cross up and over the signal line is your indication to buy.

• When the green MACD line is moving downwards and is just about to cross under the signal line is your indication to sell.

Something to watch out for:

When the height of the histogram bars is low for a period, that indicates that the market isn't quite sure of the direction. You'll see that the MACD and signal lines might be running horizontally over top of each other during that stage. Unless the histogram bars start to strengthen, I would hold off on any action until it's clear which direction the market wants to go.

You'll see two areas on the XMR chart (linked below) which show this. I've circled those areas in yellow. It's better to wait until you have clear direction of where the lines are going to move than to repeatedly buy/sell/buy/sell all within a few dollars of each trade.

The higher the time frame selected, the more accurate the information regarding the direction that price will go. However, if you choose too high a time frame you'll miss out on many buying and selling opportunities. For the purposes in this sub, I wouldn't recommend anything less than one day. But play around with the time frames and see what works best for you. As much as this is a science, it is also an art and there is definitely some nuance to it.

Here are the charts which I generated, marking off the buy and sell points according to the MACD chart. I also tracked each buy or sell in a spreadsheet:

• BTC chart (currently being updated)

• BTC profit tracking (currently being updated)

• ETH chart

• ETH profit tracking

• XMR chart

• XMR profit tracking

I hope that you've found this helpful.

My goal was to inform the sub about a relatively 'set it and forget it' method for buying and selling. This way you won't feel the need to be glued to your phone or computer checking price action every few minutes. You can easily back test and gain confidence knowing that you can successfully buy and sell; not having to HODL for fear of missing out if the market runs away from you.

And if it does, so what? There are plenty of other opportunities. If you look in those charts I think that there are a number of times when I would have purchased higher than I sold for or vice versa. Regardless, the strategy still made significantly more money than HODLing.

Submitted September 26, 2022 at 10:48PM by predot https://ift.tt/LehfF7x https://ift.tt/NRabLwZ

Daily Discussion, September 27, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted September 27, 2022 at 12:04AM by rBitcoinMod https://ift.tt/cygfVIp https://ift.tt/NRabLwZ

Cost of crypto: report says US bitcoin as dirty as 6 million cars | News | Eco-Business

The carbon footprint of the US bitcoin industry is rising at breakneck speed, a report from environmental groups found on Friday, now rivalling ...

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Crypto Prices Today: Bitcoin Down 0.56%, Ethereum Down 1.33%, Solana Down 3.38 ...

Cryptocurrency prices were in red, with Bitcoin (BTC), Ethereum (ETH), and other altcoins falling. The biggest gainer was ApeCoin (APE), ...

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Top Cryptocurrency Prices Today September 26: Bitcoin edges up, XRP biggest gainer

The price of bitcoin hovered around Rs 16 lakh, with a dominance of 39.04 per cent currently, which is an increase of 0.12 per cent over the day.

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Bitcoin, Ethereum, Dogecoin Subdued: Why This Analyst Says Volatility Is 'Going To Kick In ...

Bitcoin dodges hitting summer lows over the weekend. Market intelligence platform says keep an eye on BTC and these altcoins amid FUD.

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While Bitcoin Has Tanked, This Coin Has Risen 300% This Month and Is Still Climbing!

Deciding what to do with your Bitcoin, as prices continue to fall, can be tough. Many believe that the tide will eventually turn and if they hold ...

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Daily Discussion, September 26, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted September 26, 2022 at 12:06AM by rBitcoinMod https://ift.tt/UTImyEG https://ift.tt/vgndamj

First Product From Finity Touch’s Future Ecosystem Officially Launched

PRESS RELEASE. Finity Touch will surprise the crypto community with its unique features and an already large but growing ecosystem.

The team of Finity Touch is happy to present Finity Skills. Finity Skills is the first product of the Finity Touch Ecosystem, which will be available in October 2022. What makes this news even more extraordinary is that the company started the development of the product just in the summer. The amount and quality of the information invested in the product are exceptional. The team understands the value of knowledge about crypto and the Web 3.0 sphere, especially with the oncoming Bitcoin halving.

Finity Skills offers users more than just learning blockchain and the cryptocurrency market from scratch. After completing their education, some students will receive employment opportunities. The educational process is entirely online for their convenience.

This product is suitable not only for crypto entrepreneurs planning to launch their projects during the next bull market cycle but also for crypto enthusiasts and traders. During the first several months, the reduced course price will be available for everyone; however, by the end of 2022, with the development of a platform, prices will rise.

And more products are coming soon!

Stay tuned for some new unique products:

NFT PeopleX is an interactive NFT collection for future access to the Play-to-Earn game Planex Land with the most realistic economic model. By being an owner of such NFT, users automatically enter a Finity Token private sale whitelist.

Finity Pay is an online cryptocurrency exchange that the Finity Touch team will integrate into every ecosystem product. By concluding the strategic partnerships, it will also become a part of other industry-leading crypto projects. For example, users could use Visa and Mastercard to buy or sell cryptocurrencies, and many bonuses and even airdrops of project tokens!

Finity Token is a crypto token of the project and the primary payment mechanism of the Finity Touch ecosystem that ensures the development of all products. It is deflationary and programmed to grow together with ecosystem development, based on the Binance Smart Chain.

Planex Land is the first play-to-earn blockchain game with a complete business cycle which, according to developers, can change the perception of the GameFi sector. Users can create their avatars and live their life in the metaverse. First come, first served, so stay in touch, and don’t forget to check the news on the official Finity Touch website or social media.

By merging all parts of the ecosystem, developers plan to achieve effortless fiat deposits, seamless exchanges and payments. This way, many developers would attract new customers who have never used cryptocurrencies. As a result, the market is enormous, and the team of Finity Skills have a desire to scale the crypto market by providing simple but, at the same time, cutting-edge products.

By the end of 2022, the world will witness the launch of several new crypto products. That is somewhat encouraging, considering how rarely this happens during the bear market, and this makes the release of Finity Skills, an educational product of such scale, even more valuable. Let’s hope the company releases all other products in the planned time, thus attracting new members to the crypto community.

Source: TopoftheWorld.ai Blockchain Marketing Lab.

Contacts us via contact@topoftheworld.ai to promote your brand.

 

 

 

---

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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The British Pound is falling against Bitcoin

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Submitted September 25, 2022 at 11:18PM by cryptomarathob https://ift.tt/418GHbA https://ift.tt/vgndamj

Russia Starts Developing Mechanism for International Crypto Payments

Financial authorities in Russia have begun work on a mechanism to facilitate the employment of cryptocurrencies for settlements with other nations amid sanctions. The country’s central bank and finance ministry have already agreed on a draft law regulating cross-border crypto payments.

Regulators in Russia Move Toward Legalizing Use of Cryptocurrency in Foreign Trade

Russian authorities intend to regulate the issuance, circulation, and various operations with digital assets, including international crypto payments, by the end of 2022. The Ministry of Finance, the Central Bank of Russia, and the Rosfinmonitoring agency, have taken on the task, the financial watchdog told the daily Izvestia.

“The activities of organizations that will carry out exchange operations with digital currency, its transfer and storage, and providers of virtual asset services should be subject to regulation, including registration or licensing of such persons and their supervision,” Rosfinmonitoring explained and added that their responsibilities should also include combating money laundering.

The current version of the bill “On Digital Currency,” put forward by the finance ministry earlier this year and revised with input from other authorities, provides for the establishment of domestic infrastructure for crypto asset trading. Now, Russian regulators have turned their attention to the settlement mechanism for cryptocurrency payments in foreign trade.

Finance Ministry and Central Bank Agree on Law Allowing Cross-Border Crypto Settlements

This week, Deputy Minister of Finance Alexey Moiseev unveiled that his department and the Bank of Russia have reached an in-principle agreement on new legislation authorizing international payments in cryptocurrency.

Earlier in September, the two institutions concluded that Russia “can’t do without cross-border crypto payments” in the face of mounting sanctions. Quoted by the RIA Novosti news agency and the business daily Kommersant, the government official said:

Now we have a bill already agreed with the central bank. It generally describes how to acquire cryptocurrency, what can be done with it, and how it can or cannot be used, in the first place in cross-border settlements.

At the same time, according to a report by RBC Crypto, Moiseev admitted that the issue with “entry and exit to fiat” remains to be resolved. Then, experts will have to determine the minimum infrastructure that Russia needs to create in order to be able to implement such cryptocurrency payments.

The finance ministry and the monetary authority have also agreed on a draft law concerning crypto mining that will legally define the activity. The deputy minister noted that the question of whether miners should credit the minted digital coins to wallets in the Russian Federation or abroad has so far been decided in favor of the second option.

Do you think Russia will legalize and regulate cross-border crypto payments by the end of the year? Tell us in the comments section below.

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Toronto-Based Valour Inc to Launch Bitcoin ETP Börse Frankfurt | Blockchain News

Toronto-based technology company Valour Inc. has announced its intention to launch Carbon Neutral Bitcoin Exchange Traded Product (ETP), on Börse ...

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Kenyan Central Bank Says It’s ‘Craziness’ to Convert Country’s Reserves to Bitcoin

The Kenyan central bank governor Patrick Njoroge has described as “craziness” the calls to convert Kenya’s reserves into bitcoin. He added that he would have to be out of his mind before agreeing to this. Njoroge argued that cryptocurrencies like bitcoin are not only volatile, but are hardly solving any problem.

CBK Governor Says Converting Kenya’s Reserves to Bitcoin Deserves a Jail Term

The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has described the idea of putting the country’s reserves into bitcoin as “craziness.” Njoroge, who was addressing recently elected members of Kenya’s legislature, added that if it occurred that he agrees to convert Kenya’s reserves to bitcoin, he should be jailed and the keys to his prison cell must be thrown away.

Under Njoroge’s stewardship, the CBK has issued statements and advisories warning Kenyan residents against trading or investing in cryptocurrencies. For instance, Bitcoin.com News reported in June 2022 that Njoroge, together with the Central Bank of Nigeria (CBN) deputy governor Kingsley Obiora, had cited cryptocurrencies’ volatility as one of the reasons why they cannot become a widely used payment method.

Yet, despite Njoroge and the CBK’s opposition, several studies have suggested that Kenyan residents’ use of, or investment in, cryptocurrencies is growing. For example, the peer-to-peer crypto exchange Paxful recently revealed that its users from the country had digital assets valued at $125 million during the first half of 2022.

Njoroge: No Problems Being Solved by Cryptocurrencies

However, in a video recently uploaded to Youtube, Njoroge still questions the benefits of cryptocurrencies for the Kenyan economy. He said:

In our economy what problem are they resolving? Are they better vehicles for let’s say payments, transactions? And the answer is no. Are they better in terms of …. security more than a bank account? And the answer is no.

Further, in his attempts to dissuade lawmakers from entertaining individuals hyping bitcoin and other cryptocurrencies, Njoroge claimed that he too is also being pressured.

“I do know you are under a lot of pressure from some of these people that are pushing these things. Because for them it is good. I can assure you I have a lot of people that are pushing to put our reserves in bitcoin.”

Njoroge however suggested that he would have to be out of his mind before he agrees to this call to convert reserves to bitcoin.

Register your email here to get a weekly update on African news sent to your inbox:

What are your thoughts on this story? Let us know what you think in the comments section below.

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Bitcoin technical indicators roundup. More panic? - Cryptopolitan

Bitcoin: The percent drawdown of the bitcoin price from the previous all-time high. · BTC_Supply on Exchanges (Native Units) · Weekly Crypto Asset Flows ...

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Daily Discussion, September 25, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted September 25, 2022 at 12:05AM by rBitcoinMod https://ift.tt/ewKIuyo https://ift.tt/DpRXrul

Bitcoin technical indicators roundup. More panic? - Cryptopolitan

Bitcoin: The percent drawdown of the bitcoin price from the previous all-time high. · BTC_Supply on Exchanges (Native Units) · Weekly Crypto Asset Flows ...

from Google Alert - Bitcoin https://ift.tt/cgUnxOm

Daily Discussion, September 24, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

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Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted September 24, 2022 at 12:04AM by rBitcoinMod https://ift.tt/1lnDJB3 https://ift.tt/nUpiTZ4

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Best Bitcoin Casino Sites And Crypto Casino Games Of 2022 - WTKR

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Bitcoin and Ethereum finish a week of turmoil on a bittersweet high, Ripple (XRP) continues to soar

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Daily Discussion, September 24, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

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Submitted September 24, 2022 at 12:04AM by rBitcoinMod https://ift.tt/1lnDJB3 https://ift.tt/nUpiTZ4

Daily Discussion, September 23, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted September 23, 2022 at 12:05AM by rBitcoinMod https://ift.tt/kGKy18n https://ift.tt/LAWhsRq

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Russia accepts Bitcoin and crypto for cross-border payments, proposes policy change

A survey report revealed that 72% of Russians have never bought Bitcoin, shedding light on BTC and crypto adoption in the country.

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Huobi Partners With Astropay to Facilitate Fiat Payments in Latam

Huobi Global, one of the biggest exchanges in volumes traded, has announced a partnership to make it easier for its Latam-based customers to acquire cryptocurrencies. The exchange has allied with Astropay, a payment services platform, to allow customers in Latam to purchase cryptocurrency with fiat currencies in several countries.

Huobi to Make Crypto Easier to Purchase in Latam

Huobi is aiming to be more appealing to Latam-based customers who want to enter the cryptocurrency market for the first time. The leading crypto exchange has recently announced a partnership with Astropay, a payment processing platform, to allow customers in Latam to purchase crypto using fiat currencies in selected countries.

Customers will have to use Astropay’s wallet in order to purchase the assets, having the opportunity to do so in countries like Brazil, Mexico, Colombia, Chile, Peru, and Uruguay. The company informed that various payment methods would be supported, including credit and debit cards, and bank transfers. Region-specific options like Pix in Brazil, and SPEI in Mexico, will also be supported.

The company is aiming to offer a better experience for the growing number of customers based in the area. On this, Lily Zhang, chief financial officer of Huobi Global, stated:

Latin America lays claim to a young and vibrant population brimming with enthusiasm for the crypto industry, and we have observed a significant increase in the number of new Huobi Global users from this region.

Furthermore, Zhang explained that the goal of the company’s move is to make “the purchase and trading of digital assets a secure, convenient, and enjoyable experience for everyone.”

Jumping Through Hoops

This initiative puts Huobi in competition with local exchanges and P2P (peer-to-peer) offers in the region, that have an edge in acquiring users due to their acceptance of local payment options. In countries like Venezuela, access to international or dollar-based debit cards is difficult, powering the reach of markets like Binance P2P, which allows Venezuelans to acquire crypto with their fiat currency. Argentina also has had exchange controls that might affect the availability of foreign currency.

However, even with these problems, some Latam nations are in the top 20 list of the countries with the highest cryptocurrency adoption, according to a recent report issued by Chainalysis. Brazil is listed at number seven, and countries like Argentina are also present.

What do you think about Huobi’s alliance with Astropay to ease fiat-to-crypto transactions in Latam? Tell us in the comments section below.

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