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Showing posts from May 22, 2021

Ukraine’s Leading Soccer Team Dynamo Kyiv to Sell NFT Tickets

FC Dynamo Kyiv, the top team in the Ukrainian Premier League, is launching NFT tickets for the 2021 season. The legendary football club, which has the biggest fan following in Ukraine, is also going to offer supporters unique collectible items through a partnership with a blockchain company. Dynamo Kyiv Tickets to Be Listed on Binance NFT The NFT tickets will be listed on the Binance NFT marketplace at the end of June. The sale is part of the “100 Creators Campaign” organized to celebrate the launch of the platform. Dynamo Kyiv plans to continue to regularly offer NFTs, including collectibles. Its ticketing initiative is facilitated by Moonwalk, a U.S.-based blockchain company. Moonwalk’s platform enables the integration of non-fungible tokens ( NFTs ) into physical and virtual event ticket sales, e-commerce, consumer reward schemes, and payment networks. Since January, the company is developing Dynamo’s digital economy which includes a token ecosystem within the team’s stadium an...

Sekuritance Is Here to Boost Public Confidence in Blockchain Transactions

Crypto’s anarchic nature, with the emphasis on decentralization, lacks any regulatory bodies so far. But sooner or later it will have to adopt standards of some kind because when money moves in and out from the blockchains to and from the traditional financial system, some kind of compliance must exist. And that’s the very problem that Sekuritance aims to solve. Sekuritance: One-Stop Compliance and Regulatory Shop Sekuritance is a one-of-a-kind project in Regulatory Technology (RegTech) that could help the blockchain environment move closer into the mainstream. The new platform offers a wide range of services in a single place that allows any user to ensure regulatory compliance, monitor programs, and queries. It’s useful for both individuals and institutions. Any user can use Sekuritance to run end-to-end cyber risk assessments, blockchain wallet address checks, card processing MFA checks, CECL, FCPA, and AML/CTF operations. In other words, it’s a single platform that can bring r...

Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption

Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, Illegal Farms Burn 2,000 MW According to official data, entities that are authorized to mine cryptocurrencies in the Islamic Republic use up to 300 megawatts (MW) daily, ISNA news agency reported. This amount of electricity can be saved to maintain the balance and stability of the electricity network, said Mostafa Rajabi Mashhadi, spokesman of the Iranian Ministry of Energy responsible for the electricity sector. At the same time, estimates based on registered loads show that unlicensed crypto mining centers currently consume more than 2,000 MW of electricity. The Iranian government considers these operations illegal and points...

‘Wolf of All Streets’ Trader Says Dogecoin Is a Good Entry Point to Cryptocurrency, Has Advice for DOGE Investors

Crypto trader Scott Melker, also known as the “Wolf of All Streets,” says dogecoin is a good way for new investors to get into cryptocurrency. Sharing his own experience in investing in the meme cryptocurrency, he now has some advice for new dogecoin investors. ‘Wolf of All Streets’ Scott Melker to Dogecoin Investors Crypto investor Scott Melker has shared his experience in dogecoin investing, the Insider reported Friday. He also shared some advice he has for new dogecoin investors. Melker is a trader and investor both privately and at Texas West Capital. He is the host of “The Wolf of All Streets Podcast,” the author of “The Wolf Den” newsletter, and an advisor to a number of blockchain-based projects. He also had a 20-year music career. In June last year, Binance awarded him the Influencer of the Year Award for North America. Focusing on crypto investing, 70% of Melker’s own portfolio is allocated to long-term investment strategies. He believes that holding cryptocurrency long-t...

NYU Professor Says Elon Musk Is Attracting Regulators to Crypto — Regulatory Action Expected in 30 Days

NYU Professor Scott Galloway says that Tesla CEO Elon Musk is drawing additional scrutiny and regulators to the crypto space. He expects the U.S. Securities and Exchange Commission (SEC) to respond to Musk’s action in the next 30 days. Furthermore, the professor expects to see a Musk coin or a Tesla coin launching soon. Elon Musk Drawing Regulators to Crypto Professor Scott Galloway shared his view on the cryptocurrency market in an interview with CNN this week. A professor of Marketing at NYU Stern School of Business, he was named “One of the World’s 50 Best Business School Professors” in 2012. He also founded several firms, including L2, Red Envelope, and Prophet. The professor calls what’s happening in the crypto market “interesting” as “We now have two entities competing for who has the influence, or more influence, over the markets.” The first is the world’s second largest economy, China, which recently reiterated its crypto crackdown from 2017, creating FUD all over again. T...

Mystery Bitcoin Whale from 2010 Disappears, Dormant Address from 2013 Sees Strange Activity

Toward the latter half of 2020 and during the first quarter of 2021, a mystery miner spent 200 block rewards from 2010 by transferring 10,000 bitcoin during the year. Since the whale’s last 1,000 bitcoin spend on March 23, the patterns of 20 decade-old strings of coinbase rewards are seemingly over. Meanwhile, only eight block rewards from 2010 have been spent since the whale’s last string of spends. Alongside this, approximately 21 block rewards from 2011 have been spent since the March 23 report. 2010 Mega-Mining Whale Goes Missing 60 days ago, Bitcoin.com News caught the last spend from the mega-whale miner who transferred 10,000 sleeping bitcoins mined back in 2010. The 10,000 bitcoin was spent during the course of a 12-month period with 200 blocks from 2010 moved. The mystery whale has not returned since then, and it seems that the entity may be done transferring strings of 20 consecutive block rewards that were well over ten years old in age. The whale was notable because ea...

Fed Begins to Taper QE- US Central Bank Removes $351 Billion in Liquidity via Reverse Repos

After pumping extreme amounts of liquidity into markets, the U.S. Federal Reserve seems to be tapering back monetary easing policy via reverse repos (RRP). Following this week’s published minutes report from the Fed’s April monetary policy meeting, it seemed as though members of the central bank were prepared to discuss rolling back large-scale Treasury and mortgage-backed securities (MBS) purchases. This week, during a three-day period, the U.S. central bank removed $351 billion in liquidity according to reports. Fed Removes $351 Billion in Liquidity from Market via Overnight RRP Operations Last week, the Federal Reserve released the minutes’ transcript from the central bank’s April 27-28 policy meeting . The minutes’ transcript noted that a “number” of Fed board members have initiated the conversation about tapering back quantitative easing (QE) policy. Beyond initiating the conversation, the Fed said that it needed to see “substantial” progress in order to curb the massive Treas...

Data Suggests Fed’s MBS Operations and Wall Street Investors Behind Inflated US Real Estate Market

The Federal Reserve and America’s big banks have significantly inflated home prices across the U.S. according to a number of statistics. In many towns across the nation, home sales are facing bidding wars and certain regions are seeing property shortages. One report notes that homebuyers are bidding against “pension funds and Wall Street types,” as investors now represent “20% of U.S. home sales.” Investors and Deep-Pocket Rivals Are Behind 20% of US Home Sales Things are looking pretty interesting in the world of U.S. real estate, and in nearly every region in the country home sales are skyrocketing . It’s fascinating, because even though the country has seen massive unemployment numbers and local businesses shut down for well over a year, the housing market is still on fire. Although, things are not the same as they once were during the United States subprime mortgage crisis (2007-2010) that took place over a decade ago. The reason things are not the same is because today’s bank...

China’s Absolute Control Over Digital Yuan Will Boost Demand for Cryptocurrencies, Says Analyst

China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants “absolute power” over the wealth and income of its citizens. Digital Yuan Push Could Raise Demand for Crypto Boris Schlossberg, managing director of FX Strategy for BK Asset Management, said in a note last week that China’s absolute control over its central bank digital currency (CBDC) will drive more demand for cryptocurrency, CNBC reported Friday. Schlossberg has more than 20 years of financial market experience, according to the asset management firm’s website which further states that the is “widely known as a leading foreign exchange expert.” The analyst said that the primary driver for the Chinese government to roll out the digital yuan is “absolute power” over the wealth and income of its citizens. “The digital yuan is both programmable and trackable giving the Chinese government enormous control over the economy,...

Elon Musk Says He Won’t Sell Any Dogecoin — Admits He’s the ‘Ultimate Hodler’

Tesla CEO Elon Musk has confirmed that he has not sold any dogecoin and will not sell any as the price of the cryptocurrency continues to slide over the recent weeks. The “Dogefather” has been working with dogecoin devs “to improve system transaction efficiency” after Tesla suspended accepting bitcoin for payments, citing environmental concerns. Elon Musk Will Not Sell His Dogecoins Elon Musk confirmed this week that he has not sold any dogecoin and will not sell any. On Thursday, the Tesla CEO posted an image on Twitter with the question: “How much is that Doge in the window?” Twitter user “Dave Lee” responded , “If you missed it this is the sticker on Elon Musk’s gaming laptop. Yes, that’s a dog on a dollar bill.” Musk replied with a clarification: “A longtime Tesla supporter gave me the Doge dollar sticker at Giga Berlin.” Lee further tweeted: “To clarify, I don’t think Elon would ever sell any his Doge holdings. He’s the ultimate hodler.” The Technoking of Tesla confirmed: ...

Nigeria Bureau De Change Association Boss Accuses Speculators of Destabilizing the Naira— Says Central Bank Funding Will End Currency Woes

According to the head of the Nigerian group of bureau de change operators, the naira’s continued fall on the parallel market is down to the activities of speculators. However, Aminu Gwadabe, the president of the Association of Bureau de Change Operators of Nigeria (ABCON), suggests that only a “massive funding” of bureau de change (BDC) operators by the central bank will protect the naira from speculators. Speculators to Lose Over $200 Million To achieve this objective, however, the Central Bank of Nigeria (CBN) will have to continue selling “dollars to BDC operators at 393 nairas to a dollar.” This is despite the CBN’s recent devaluation of the local currency to around 411 to a dollar. As one report notes, if the CBN proceeds with this sustained funding of over 5,000 BDCs nationwide, foreign exchange speculators “will lose over $200 million in the next one month.” Meanwhile, the report quotes Gwadabe reiterating ABCON’s allegiance to the CBN and the association’s willingness to ...

Fraudsters Impersonate a US Federal Agency by Sending Emails Asking for Bitcoin Wallet Keys

U.S. consumers have been receiving fake emails that attempt to impersonate a federal regulatory agency which has raised alarms among crypto community members. The U.S. Office of the Comptroller of the Currency (OCC) warned that such bogus messages ask people for their bitcoin wallet keys. Fictitious Message Contains Several Grammar Mistakes and Typos According to the alert published by the OCC, the fake email claims to be signed by senior officials of the agency. They took the opportunity to warn people that the federal entity holds no virtual currencies, such as bitcoin ( BTC ), on behalf of other agencies or deals with digital assets whatsoever. Scammers who elaborated the message didn’t take care of grammatical mistakes and typos notably highlighted all over the phony email, which reads as follows: US COMPTROLLER OF THE CURRENCY: Your fund $10.5M is ready to be paid to you.Note your fund can only be paid to you VIA a Bitcoin Wallet Address ID NO:Due to too much charges/fees b...