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Everything posted by roadrunner

  1. PRESS RELEASE. XRPayNet is a cryptocurrency built on the XRP Ledger, with an upcoming global team focused on one goal: a globally adopted interface and ecosystem for payment settlements that is suitable for stores, businesses, peer to peer transactions and those who sell products and services. Whilst aiming to challenge existing technology such as Klarna, ClearPay/AfterPay. This will allow consumers to be able to ‘buy now, pay later’ which is an almost first in the entire crypto industry. The XRPayNet app currently under development promises just that, a world class payment interface for micr
  2. The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on top of power shortages, now hopes that the country will nevertheless remain an attractive location for miners. President Tokayev Has Nation Under Control After days of turmoil, the embattled administration of Kazakhstan’s President Kassym-Jomart Tokayev says it now has the country stabilized. Law enforcement agencies have retaken all administrative buildi
  3. According to the 2018 Tesla Model 3 owner, Siraj Raval, he mined up to $800 a month in crypto assets with his hacked-out electric car. Similarly, Chris Allessi, the owner of a Tesla Model S tethered a Bitmain Antminer S9 to his car’s electrical system to mine bitcoin, and he’s mined monero with the car’s internal computer as well. Tesla Owners Mining Bitcoin, Ethereum, and Monero This week, two Tesla owners explained how they rigged their cars to mine digital currencies. According to Siraj Raval, he connected graphics processing units (GPUs) to his 2018 Tesla Model 3, in order to mine crypto
  4. Maria Muñoz, a Spanish deputy from the country’s Congress, wants to position its country as a reliable alternative to miners that are facing a dire situation in Kazakhstan, after their internet service was suspended, affecting their operative capacity. Muñoz sent a letter to the congress, inquiring about the possible actions that Spain might take to attract fleeing miners, and about the impact this event has had on the Spanish mining sector. Spanish Deputy Maria Muñoz Inquires About the Consequences of the Kazakhstan Situation Maria Muñoz, a deputy of the Spanish Congress, has directed a le
  5. In his Africa crypto market predictions for 2022, Marius Reitz, the general manager for Luno in Africa, has predicted that Kenya will scale up the adoption of cryptocurrencies. To support this assertion, Reitz points to Kenya’s as position as the leader in the world’s peer-to-peer (P2P) traded volumes for the second year running. Kenya’s Booming Crypto Market Kenya is set to lead the world’s peer to peer cryptocurrency market for the second consecutive year, Marius Reitz, the general manager (GM) for Luno cryptocurrency exchange in Africa, has reportedly predicted. In justifying his
  6. PRESS RELEASE. London, England, January 10, 2022: Moviecoin.com brings movie funding and decentralized finance (defi) to both independent movie-makers and larger budget movies. Moviecoin.com will allow any budding movie producer, director, or writer to finance their own script and movie. Moviecoin.com is decentralizing and democratizing the world of movie finance, giving movie makers and consumers more control. The Moviecoin.com platform already boasts some top Hollywood films starring Russell Crowe and Mel Gibson with many more in the pipeline. Moviecoin.com offers people the chance to b
  7. An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else there will be confusion.” Industry Wants Clarity in Crypto Tax Laws in Union Budget 2022-23 Indian industry association Indiatech has written to the country’s finance minister, Nirmala Sitharaman, regarding cryptocurrency taxation. The association represents major cryptocurrency exchanges in India, including Coi
  8. Galaxy Digital CEO Mike Novogratz expects the price of bitcoin to bottom at around $38K-$40K. “I know big institutions who are going through their process to put positions on. They’re going to see those as attractive levels to buy,” he said. Mike Novogratz on Future Outlook of Crypto Market The CEO of Galaxy Digital, Mike Novogratz, talked about the outlook for the cryptocurrency market in an interview with CNBC last week. He was asked about the falling prices of cryptocurrencies, particularly bitcoin. “Part of the bitcoin story was the debasement of fiat currency and as the Fed look
  9. Global investment bank JPMorgan has published a report on the future outlook of crypto markets, including Ethereum’s upgrades, decentralized finance (defi), and non-fungible tokens (NFTs). The bank sees “the cryptocurrency markets as increasingly relevant to financial services,” its analyst described. JPMorgan Outlines Future Outlook for Crypto Markets JPMorgan analyst Kenneth Worthington published a report on the 2022 outlook for crypto markets Friday. The analyst wrote: The applications from crypto have only just begun. Web3.0, greater use of NFTs tokenization are in the line-of-sight
  10. Mai Capital Management’s chief equity strategist and regional president, Chris Grisanti, has predicted that this year will be tough for crypto largely due to regulations. However, he expects established cryptocurrencies, such as bitcoin and ether, to “do quite well” once regulations come into focus. Equity Strategist’s Crypto Predictions Mai Capital Management’s Chris Grisanti shared his outlook for the cryptocurrency market in an interview with CNBC Thursday. Grisanti, CFA, is chief equity strategist and regional president of Mai Capital Management, a wealth management firm that provides
  11. China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to the social media’s 800 million active users. New App Provides Access to CBDC Wechat, one of China’s biggest messaging and payment apps, is reportedly set to support the digital yuan, China’s CBDC. The addition of the CBDC to the social platform is expected to boost the adoption rate of the digital yuan. The messaging gian
  12. PRESS RELEASE. Chicago, IL – 9th January, 2022 – Denjary Watru, the creator of the Game On NFT has dropped an NFT that is sure to become highly sought after by all those who know and understand Bitcoin, its implications for society going forward, and who have an appreciation for the value of digital art. According to Denjary, the inspiration for the Game On NFT happened during his routine treadmill workout and while talking on the phone to a friend, attempting to explain Bitcoin. Surrounded by sports themed pictures on the walls of the exercise area of his home, he had the thought of using a
  13. The government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emphasized that the current regulatory efforts are aimed at creating a sustainable environment for the blockchain industry. Turkey to Establish Regulatory Base for Cryptocurrency Market A legislative proposal tailored to regulate cryptocurrency trade in Turkey is likely to be submitted to the parliament in the upcoming weeks. Sources from the Justice and Development Party (AKP), the country’s ruling
  14. After the electronics giant Samsung disclosed the firm’s upcoming 2022 smart televisions would boast non-fungible token (NFT) support, the company has revealed it has opened a virtual store inside the Decentraland metaverse. Modeled from the physical store Samsung 837, Samsung’s metaverse store is called “Samsung 837X.” Samsung Steps Into the Metaverse Samsung is all about the metaverse and NFTs these days, as the company has opened a store within the blockchain virtual metaverse Decentraland. The Samsung 837X store is modeled from the physical location in New York City, and the virtual store
  15. On January 8, 2022, the price of bitcoin dropped to $40,517 per unit just after 1 p.m. (EST) on Saturday afternoon. According to the Crypto Fear & Greed Index (CFGI), sentiment shows “extreme fear” is in the air, and the CFGI score is a 10. The last time the CFGI score was this low was 171 days ago on July 21, 2021. Current CFGI Sentiment Shows ‘Extreme Fear’ — Bitcoin’s Price 39% Lower Than All-Time High Digital currency markets shed billions in value this past week and the leading crypto asset bitcoin (BTC) lost close to 10% during the last seven days. On Saturday, January 8, 2022, the
  16. The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.” ‘Man Behind the Machine’ Charged by SEC The SEC announced Thursday charges against Australian citizen Craig Sproule and two companies he founded for “defrauding Investors.” The two companies are Crowd Machine Inc. and Metavine Inc. The SEC alleged that t
  17. Paypal is reportedly working on a stablecoin backed by the U.S. dollar to expand its cryptocurrency offerings. “We will, of course, work closely with relevant regulators,” the company stressed. Paypal Is Exploring Launching Its Own USD-Backed Stablecoin Paypal Holdings Inc. is reportedly exploring the launch of its own stablecoin backed by the U.S. dollar as part of the company’s cryptocurrency push, Bloomberg reported Friday. Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at Paypal, confirmed to the publication: We are exploring a stablecoin; if and when we
  18. Veteran trader Peter Brandt has shared “a sacred trading rule” he uses in response to a comment about buying bitcoin as the price of the cryptocurrency continues to fall. “Never add to a losing trade,” he affirmed. Peter Brandt Offers Trading Advice Veteran trader Peter Brandt has a trading suggestion for anyone considering buying the dip. Brandt has been a futures and FX career trader since 1975. He is a chartist and the author of the Factor Report. He trades a variety of markets, including Dow futures, bonds, corn, crude oil, European wheat, Osaka Dow, U.S. dollar, and sugar. Replying to a
  19. Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam which resulted in the loss of $100 million dollars for Pakistanis, media reports revealed. Fraudsters Lure Pakistanis to Invest in Cryptocurrency Through Binance Pakistan’s Federal Investigation Agency (FIA) has uncovered a crypto investment scam that has allegedly cost Pakistani citizens some 17.7 billion rupees (around $100 million). Providing details on the case, Imran Riaz, director of the FIA
  20. Members of the U.S. Federal Reserve are getting criticized this week after the central bank published its minutes report from the policy meeting on December 14-15. Following the update, the outgoing vice chair of the Federal Reserve’s trading activities has reignited ethics conversations. Richard Clarida’s Trades Under Scrutiny The U.S. central bank can shake up markets and this was seen earlier this week when the Federal Reserve published last month’s policy meeting update which indicated the Fed’s plans to raise rates and cut back quantitive easing (QE). Not too long after, the New York Tim
  21. This week Google Trends shows that the acronym NFT, which stands for non-fungible token, has reached a score of 100, the highest score a search query can get from the data analytics aggregator. Meanwhile, statistics indicate that during the last 30 days across ten different blockchains, there’s been $2.73 billion in NFT sales. NFT Monthly Volume Sees Close to $3 Billion in Sales — Axie Infinity, Clonex, MAYC Sales Reign While the crypto economy has seen a downturn, it’s too early to say whether or not it’s affecting NFT sales. However, monthly statistics show that across ten different blockch
  22. Four days ago, the total value locked (TVL) in decentralized finance (defi) was coasting along at $255.84 billion and since then, the TVL has dropped ​​8.55% in value. During the last 24 hours, the TVL has slid 2.80%, and Curve’s $23 billion locked today represents 9.84% dominance. Value Locked in Defi Takes a Hit, TVL Down 2.8% in 24 Hours Since digital currency markets have been dropping in value during the last few days, the value locked in decentralized finance has slipped as well. In four days, the TVL in defi dropped 8.55% from $255.84 billion to today’s $233.95 billion. Curve Finance
  23. A group of investors in Africrypt are reportedly pushing to have criminal charges pressed against directors of the now-defunct cryptocurrency investment platform. Opponents of the move have argued that this push is unlikely to succeed because many of the investors have already been reimbursed part of their funds. Mystery Investor Injects More Than $5 Million Into Africrypt In a new twist to the Africrypt saga, a group of investors in the collapsed cryptocurrency investment platform is reportedly taking steps to ensure criminal charges are leveled against the firm’s two missing directors. The
  24. Johann Steynberg, the wanted CEO of Mirror Trading International was recently arrested by Brazilian law enforcement after he was caught using a fake document. The arrest, which took place in the country’s Goiás province, was carried out by the Brazilian military police. Fake IDs, Laptops, and Credit Cards Seized Johann Steynberg, the CEO of Mirror Trading International (MTI), a bitcoin Ponzi scheme, was recently arrested by Brazilian law enforcement after he was caught using a false document, reports from the South American country have said. Following the arrest, credit cards, laptops, and
  25. Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status of the network, as well as the status page, reported this incident yesterday. This is the latest issue Solana is facing after experiencing several network disruptions during the past months. Solana Facing Throughput Issues Solana, a smart contracts-enabled cryptocurrency, has formally acknowledged its network is suffering performance issues affecting the throughput of the system and causing it
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