newsbtcarea

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) and former U.S. Representative Ron Paul agree that America does not have a free market. Referencing RFK Jr. stating that America has “a crony corporatist system,” Paul stressed: “He’s right!” RFK Jr. and Ron Paul on Free Market Former U.S. Representative Ron Paul has expressed his agreement with U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.), who recently said that America does not have a free market. Kennedy is a son of former U.S. Attorney General and Senator Robert F. Kennedy and nephew of former U.S. President John F. Kennedy. Paul, an American author, physician, and retired politician, served as a U.S. representative and made three attempts to become the president of the United States. In 2015, he founded the Ron Paul Liberty Report, a platform dedicated to offering insightful opinions and analysis on contemporary issues affecting our lives and finances. Paul tweeted Saturday: “RFK Jr. recently pointed ou...

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that more banks in the U.S. will fail as the Federal Reserve continues to hike interest rates. He stressed: “It will break down in the regional banks, which support 60% of the economy … We’ve started to see the cracks.” Kevin O’Leary Foresees More Bank Failures Shark Tank star Kevin O’Leary, chairman of O’Shares Investments and O’Leary Ventures, has predicted that more banks in the U.S. will fail as the Federal Reserve continues to raise interest rates. Sharing his prediction in an interview with CNBC on Thursday after the Fed announced its latest interest rate hike , O’Leary stressed: “You keep squeezing the toothpaste tube, you keep rolling it up, you keep raising rates, and you know things are going to break, you just don’t know when and where.” Mr. Wonderful opined: I am just predicting — and I am very cautious on this — it will break down in the regional banks, which supports 60% of the economy. The Shark Tank st...

PRESS RELEASE. Tallinn, July 31 – Gofaizen and Sherle, the leading Estonian crypto and fintech consultancy, proudly announces the launch of its latest product in El Salvador. The innovative service offers crypto companies and startup owners worldwide a comprehensive and streamlined solution for obtaining a crypto license in El Salvador . The newly introduced service features three distinct packages tailored to meet the varying needs of businesses – Basic, Fully Operational, and Complete. The Basic package encompasses turnkey company formation, essential corporate documents, AML/KYC policies, and a coveted crypto license. The Fully Operational package further includes additional benefits like personalized KYC and AML policies, assistance in bank account opening, and the crucial service of searching and employing a dedicated compliance officer. For those seeking a comprehensive package, the Complete option includes all the services offered in the Basic and Fully Operational packages,...

Bitcoin started the week trading higher, as markets prepared for a big week of economic data in the United States. The headline announcement will be Friday’s nonfarm payrolls, in addition to services and manufacturing activity data. Ethereum continued to trade above a key support point on Monday. Bitcoin Bitcoin ( BTC ) was in the green to start the week, with the price trading at its highest point since last Friday. Traders are optimistic heading into August, which has historically been a bullish month for the cryptocurrency. BTC /USD hit an intraday high of $29,489.87, which comes following a low at $29,059.50 during Sunday’s session. Bitcoin chart by TradingView Bitcoin bulls rejected a breakout below the $29,000 mark, just as the relative strength index (RSI) closed in on a collision with a resistance level at 46.00. This ceiling appears to be a major obstacle preventing price from moving towards its obvious target at the $30,000 mark. At the time of writing, the RS...

NFTs represent unique and indivisible items, backed by blockchain technology, certifying their originality, scarcity, and authenticity. Whether it’s digital art, music, videos, virtual real estate, or collectible items, NFTs have become a powerful tool for artists, creators, collectors, and investors alike, unlocking new opportunities and experiences in the digital space. In the dynamic and ever-evolving world of cryptocurrency and NFTs, a groundbreaking project is on the rise, captivating the attention of cabaret club enthusiasts and investors alike. Introducing marumaruNFT, the one-of-a-kind NFT marketplace tailored exclusively for cabaret club hostess and hosts. With its unique approach, marumaruNFT aims to reshape the cabaret industry, open new revenue streams, and create a dynamic ecosystem for its users. Japan – In an exciting announcement, the marumaruNFT team revealed their innovative platform set to launch in August. This groundbreaking marketplace will enable cabaret clubs...

An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using cryptocurrencies. Japan Government Asked to Amend Tax Laws for Crypto Gains and Transactions The Japan Blockchain Association (JBA) has submitted a request to the government in Tokyo to revise the taxation regime for virtual currencies. The organization led by co-founder and CEO of Japanese crypto exchange Bitflyer, Yuzo Kano, insists that the proposed changes would allow more domestic companies to enter the Web3 sector. The JBA is calling for a review of the taxation system for crypto assets, which it says is hindering the growth of the Web3 business in Japan, as well as for the development of an environment in which citizens can own and use digital assets, the Japanese crypto news outlet Coinpos...

A covert cryptocurrency mining operation, suspected of electricity theft, was uncovered in a Marina Square shophouse in Miri, Malaysia. Representatives from the Sarawak police and Sarawak Energy plant revealed that the successful operation was made possible by a tip-off from the public. Malaysia’s Sarawak Energy and Police Uncover Illegal Crypto Mining Camp in Miri The state utility company, Sarawak Energy, and the local police department announced the dismantling of an alleged unauthorized crypto mining camp set up in Miri, Sarawak, Malaysia. Authorities captured roughly 34 application-specific integrated circuit (ASIC) miners and their associated connections. “All the equipment used for the mining operation, including the direct tapping cables and servers, were seized. A police report has been lodged and an investigation is currently underway,” Sarawak Energy stated. Compared to other global regions, electricity rates in Malaysia are relatively low. As such, Sarawak Energy repo...

Two masterminds of the Telecoin cryptocurrency scam will each serve more than six years in jail after a court in the United Kingdom found them guilty of fraud. According to Lee Parish, the detective chief inspector, the duo used the allure of crypto investment to dupe prospective investors. Fraudulent Sale of Shares A court in the United Kingdom has convicted and jailed masterminds of the Telecoin cryptocurrency scam Ross Jay and Michael Freckleton to more than six years in prison each. In sentencing the duo, the Southwark Crown Court said Jay and Freckleton had orchestrated a fraudulent sale of shares and used the proceeds for personal gain. According to a statement on the City of London Police website, the duo perpetrated the scam between 2015 and 2017. During this period, the two scammers successfully convinced their victims to deposit a little over $650,000 into a bank account which they controlled via their company Digi Ex. Commenting on how Jay and Freckleton were able to d...

Kyrgyzstan intends to build a new facility for cryptocurrency mining at one of the country’s hydroelectric stations. The project aims to minimize the power plant’s electricity losses by utilizing its full generating capacity that currently exceeds that of the transmission network. Kyrgyzstan to Power Crypto Mining Hardware With Surplus Green Energy President of Kyrgyzstan, Sadyr Japarov, told local media this week he had approved the construction of a mining farm digital assets with a planned capacity of up to 30 MW at the site of the country’s Kambar-Ata hydroelectric power plant (HPP). The building of the coin mining facility will require $20 million and the funds will be provided by an investor, Kyrgyzstan’s head of state added, speaking to the Kabar news agency. All processes will be automated and controlled by power engineers, Japarov noted. The president also stated that the Kambar-Ata HPP has been in operation since 2010. It’s capable of producing 120 MW of electricity but...

Recent statistics reveal that in the past fortnight, about 270,000 units of ethereum ( ETH ) were deposited into liquid staking derivative protocols. Currently, these decentralized finance (defi) staking platforms hold an estimated 10.65 million ether locked within their systems. Ethereum Liquid Staking Landscape Continues to Swell Liquid staking platforms based on ethereum ( ETH ) have continued to attract sizable deposits, as evidenced by an influx of 270,000 ETH , equivalent to slightly above $505 million at present ETH exchange rates. Back on July 14, 2023, about 10.38 million ETH was secured in these platforms, a figure that experienced a surge to 10.65 million by July 29. Lido Finance continues its reign over these 23 liquid staking applications, claiming 74.31% of the market share. Two weeks ago, Lido held 7.71 million ether within its infrastructure, a figure which has since climbed to 7.91 million. Coinbase, with its grip on 10.99% of the liquid-staked ETH market sha...

A recent study has shown that Singapore, the U.S., and Japan rank highest in the world by debt per citizen, according to United Nations data. In other news, a rare 2010 Bitcoin block reward has awakened after 13 years of dormancy, and the BRICS economic bloc has invited 69 leaders to its August summit. This and much more, just below, in the Bitcoin.com News Week in Review. Singapore, US With Highest Public Debt per Capita, China Most Indebted in BRICS: Study Singapore, the United States and Japan top the global chart in terms of sovereign debt per capita, according to research based on U.N. data. The burden of government debt for every American is 10 times heavier than that for a Chinese citizen, according to the study. Read More Rare 2010 Bitcoin Block Reward Stirs After 13 Years of Dormancy On July 24, 2023, a block reward from 2010 was transferred for the first time in 13 years, marking this month’s first expenditure of dormant bitcoin from that year. So far this year, a tot...

PRESS RELEASE. Road Town, BVI, July 30, 2023 – LBank Exchange, a global digital asset trading platform, will list DBear Coin (DBC) on July 31, 2023. For all users of LBank Exchange, the DBC/ USDT trading pair will be officially available for trading at 6:00 UTC on July 31, 2023. DBear Coin (DBC) is a lifestyle Blockchain-Commerce for the MZ generation, characterized by Web3.0, Metaverse, and customized NFT. All DBC platforms are interconnected like a universe, enabling users to learn, play, and shop. Its native token, DBC, will be listed on LBank Exchange at 6:00 UTC on July 31, 2023, with the goal of expanding its global footprint and supporting the realization of its forward-thinking objectives. Introducing DBear Coin DBear Coin (DBC) is a lifestyle Blockchain-Commerce for the MZ generation, characterized by Web3.0, Metaverse, and customized NFT. All DBC platforms are interconnected like a universe, enabling users to learn, play, and shop. DBC serves as both a membership point ...

Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering legislation, the company pointed out. Trading Platform Crypto․com Adds Another Regulatory Approval in Europe Cryptocurrency exchange Crypto․com has secured an approval for registration with the Dutch central bank as a provider of crypto services in the Netherlands. The confirmation follows a comprehensive review of its compliance with the country’s Money Laundering and Terrorist Financing (Prevention) Act, the company noted in a press release. Crypto․com’s CEO Kris Marszalek described the registration approval from De Nederlandsche Bank ( DNB ) as a significant milestone for the company’s business and a testament to its commitment to compliance. He was also quoted as stating: Collaborating with regulators to responsibly advance the crypto and bloc...

The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said Congressman Warren Davidson who introduced the bill. Keep Your Coins Act of 2023 Advances The U.S. House Committee on Financial Services passed the Keep Your Coins Act of 2023 (H.R. 4841) on Thursday. The bill, sponsored by Rep. Warren Davidson (R-OH), “would ensure that consumers are allowed to maintain custody of their digital assets in self-hosted wallets,” ⁦the committee described. Congressman Davidson tweeted Friday: Last night, U.S. House Committee on Financial Services⁩ passed my bill to protect self-custody. Those attacking self-custody oppose individual freedom. They want someone they control to control your assets. Defend Freedom. Keep Your Coins Act of 2023 prohibits federal agencies “from restricting the use of convertible...

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has called crypto “a highly speculative asset class” and a field that is “ rife with fraud.” He stressed that there are far too many bad actors in crypto, noting that crypto platforms often commingle funds and trade against their customers. Gary Gensler Says Crypto Field Rife With Fraud The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, slammed crypto in an interview with Bloomberg on Thursday. “In this field of crypto investing, a lot of investors should be aware it’s not only a highly speculative asset class, it’s also one that they currently should not assume that they are getting the protections of the securities law, even though the securities laws apply to many of those tokens without prejudging anyone. But, you as investors are not getting the full, fair, and truthful disclosure,” the SEC chair cautioned. Gensler added: The platforms, the intermediaries are doing things that we...

Ethereum moved closer to the $1,900 level on Saturday, as cryptocurrency markets made marginal gains. At the time of analysis, the global market capitalization has risen modestly by 0.32%, mirroring the effects of Friday’s U.S. consumer sentiment report, which fell short of expectations. Contrary to the projected sentiment of 72.6, the actual figure hovered at 71.6. Concurrently, bitcoin witnessed an uptick in its price. Bitcoin Bitcoin ( BTC ) moved above a key support point of $29,200 on Saturday, as cryptocurrency markets continued to consolidate. Following a low of $29,186.47 on Friday, BTC /USD jumped to an intraday peak at $29,521.51 earlier in today’s session. BTC has mostly consolidated this past week, as traders attempted to find a firm floor, after recent selloffs. Today’s consolidation comes as the relative strength index (RSI) appeared to have found its own floor at the 43.00 mark. At the time of writing this, the index is now tracking at 43.95, and appears to be he...

In a recent “fireside chat” with the deputy director of the Web3.0 Policy Office of Japan’s Ministry of Economy, Trade, and Industry, Yuga Labs CEO Daniel Alegre noted: “We’re not even in the first inning” of where Web3 “evolution” is going to go. During the interview with the politician, Alegre described new models of IP (intellectual property) that transcend national borders and break down barriers traditional IP models impose. Bored Apes: A New Paradigm for IP CEO of Yuga Labs Daniel Alegre recently sat down with deputy director of the Web3.0 Policy Office at Japan’s Ministry of Economy, Trade, and Industry to discuss the future of Web3 and product licensing, describing a new model of “community-based IP.” Speaking to Waka Itagaki about the power of the Bored Ape Yacht Club global community at the Webx conference on Tuesday, Alegre described: “Whether it’s a Bored Ape brewing company, that the team introduced me to yesterday, or whether it’s new artists that want to create [g...

Cryptocurrencies and DeFi have shaken up the world of finance, but the spotlight on Sam Bankman-Fried (SBF), the mysterious FTX founder, has raised serious concerns about how the U.S. government handles financial regulation and fairness. SBF faces some serious accusations like misusing customer funds, market manipulation, insider trading, witness tampering, and money laundering. Some folks think he’s getting special treatment due to his connections and wealth. The following opinion editorial was written by Bitcoin.com’s Business Development Manager Ben Friedman . Double Standards One of the main issues raised is the double standard between powerful folks like SBF and regular Americans like you and me. If any average Joe faced the same charges, they might not have the same cushy treatment during legal proceedings. It raises questions about the impact of connections and money when it comes to justice. Another point of contention is the alleged conflicts of interest between governmen...

Worldcoin, the digital ID passport and universal basic income project, is allegedly rising in popularity, with thousands of people said to be signing up and registering. According to Sam Altman, co-founder of the project, one person is currently verified by the iris scanning devices — the “Orb” — every 8 seconds. However, some data could call these claims into question. Worldcoin Operations Allegedly Ramping Up, One Person Getting Verified Every 8 Seconds Worldcoin, a project that aims to become a digital decentralized ID that will serve to deploy a Universal Basic Income (UBI) system with Sybil protections, is seeing more interest from potential users, according to statements from its team. The project launched officially on July 24 after more than three years of development, and it is currently ramping up its presence in different parts of the world. Photos of the iris scanning devices, called “Orbs,” have been shown on Worldcoin’s social media accounts, confirming their presence...