Author: Donald Munn
In an interview in the Italian newspaper Repubblica, Nicolas Bertrand (former executive of Borsa Italiana) spoke in defense of crypto and in support of the digital Euro. Bertrand: the crisis facing the global market can be overcome with crypto Bertrand, a former executive at Borsa Italiana and London Stocks exchange, explains how the commodities crisis and the economic climate we are in makes both the stock market and government bonds volatile. The situation Nicolas Bertrand describes is the following: “Today, there is great volatility. The Vix index is up to 33%, in 2020 it was at 15%, and the stock…
Various DeFi platforms provide access to DeFi solutions and promise high returns and a seamless experience. However, these platforms are often centralized and will be in control of user funds, instead of the other way around. Users need to be in control and be their own bank, rather than relying on the “goodwill” of centralized entities that do not have the user’s best interests at heart. What happened to “Be Your Own Bank”? People who have been involved in cryptocurrency for over a decade will remember how crypto was touted to the masses initially. The concept still holds true today,…
The majority of open positions on crypto exchanges on the price of DOGE (Dogecoin) are long. Traders are confident about the future of Dogecoin This is evident from Coinglass’ LongShortRatio chart according to which 62% of positions would be long right now. A long position is a form of betting on the increase in the price of the asset underlying a futures contract. In this case we are talking about futures contracts on Dogecoin. The ratio of short to long positions varies continuously, and the Coin Glass chart is updated every 5 minutes. In the morning the long positions fell…
A gang of scammers who used to convert stolen funds into cryptocurrencies has been arrested in New Delhi, India. The scam in India that used cryptocurrencies To complete the deception, the scammers used cryptocurrencies so that they could cash out the gains obtained. This was reported by local newspaper The Times of India saying that the gang would convert the deceptively obtained money into cryptocurrencies by buying USDT on an unspecified crypto exchange. In addition, one of the gang members was receiving a commission in USDT, which he would then redeem in fiat in his bank account. The gang of…
Bitcoinblack is a new Visa credit card that has been launched in Dubai and the UAE. Bitcoinblack: the new Visa crypto card for Dubai and the UAE The bitcoinblack app Those who decide to order it will have truly exclusive benefits such as no spending limit worldwide and cashback of 10% in SPND tokens. These utility tokens will be able to be used in the company’s e-commerce called Haute Living Luxury Marketplace which will soon be launched in two weeks. Luxury products such as handbags, cars, watches, jets, houses and more will be available on this platform. Kamal Hotchandini, Chief…
The head of the Russian Central Bank’s financial technology department, Kirill Pronin, said the country’s monetary authority would be ready to support the legalization of cryptocurrency mining. Russia is intent on making crypto mining legal The Russian Central Bank is keen to make crypto mining activities in the country legal The bank is placing a condition on the miners, namely that they must sell outside the country the coins they obtain through mining. In other words, the bank would not want BTC mined in Russia to be bought later by other Russians. There has been a lot of confusion in…
Facebook’s crypto pilot project Novi will be decommissioned effective 21 July, on which day users will no longer be able to add money to their accounts. Novi, Facebook’s crypto, will no longer see the light of day From 1 September Novi will no longer be available and users will no longer be able to access their funds It certainly looks like what remains of Meta’s cryptocurrency project is set to be abandoned by the Mark Zuckerberg-led company. It was announced on the company’s website that as of 1 September the Novi service, launched in October 2021, which allowed users the…
US energy giant Duke Energy is studying a pilot project for Bitcoin mining. Duke Energy wants to make Bitcoin mining greener Duke Energy wants to exploit the excess energy produced from renewable sources in Bitcoin mining This was revealed by Lead Rates & Regulatory Strategy Analyst, Justin Orkney, during an episode of Troy Cross‘ “Bitcoin, Energy, and the Environment” podcast. Orkney is a bitcoiner, and thanks to him, Duke Energy is researching Bitcoin mining. The pilot study would be based on responding to demand for energy produced from renewable sources, given that this production nowadays cannot be adapted to hourly…
The company behind the Polkadot blockchain, Parity Technologies, announces the hiring of three new top executives to its team. Despite the bear market, Parity Technologies hires three key figures Three new leading figures enter the Parity Technologies theme Parity Technologies, the company responsible for developing the Polkadot and Kusama blockchains, has announced three new high-level hires to its team, who will join founder and CEO, Gavin Wood. The new executives joining Parity are Eran Barak, as Chief Operating Officer (COO), Peter Ruchatz as Chief Marketing Officer (CMO), and Fahmi Syed as Chief Financial Officer (CFO). The three top managers, as…
In recent days, Lightning Network has set a new all-time high, a record of 4,000 BTC deposited on the network New records for Lightning Network, Bitcoin’s layer 2 Bitcoin capacity accumulated across the Lightning Network channels LN is a second-layer solution for Bitcoin transactions that makes them extremely fast and cheap. Because of this, and the fact that it is now considered a secure tool since it has been working well for a few years, it is increasingly being used especially for transactions of low amounts. In order to use LN, it is necessary to have special wallets, on which…