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Bitcoin Industry

Channel address: @bitcoin_industry
Categories: Cryptocurrencies
Language: English
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☄️ Publishing news from the crypto industry faster than anyone else ☄️
Promotion offers: @miaMybtc

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The latest Messages 31

2022-12-16 19:00:08
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60.4K views16:00
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2022-12-16 17:00:11
Bet Crypto on World Cup 2022 Qatar with 1xBit

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61.5K views14:00
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2022-12-16 15:00:15
$50 Risk-Free Bets for the World Cup 2022 Final With Duelbits

World Cup Final - the most awaited football event is coming to its end and Duelbits is giving you a chance to get a $50 Risk-Free Live bet when you place a $50 bet pre-match.

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58.4K views12:00
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2022-12-14 20:00:12 ​​Crypto blame game back on US politicians' menu following SBF arrest.

While U.S. Representative Brad Sherman saw Sam Bankman-Fried as the poster child of the crypto ecosystem, Congressman Tom Emmer highlighted the crypto community's contribution to uncovering the supposed FTX fraud.

The arrest of former FTX CEO Sam Bankman-Fried by the Bahamian authorities served as a cue for anti-crypto proponents to reignite discussions around the dangers of cryptocurrencies. While some political leaders blame the crypto ecosystem for SBF’s alleged fraud, others find no point in blaming an entire industry for one man’s action.

During House Financial Services Committee hearing on FTX, Congressman Brad Sherman did not see a difference between SBF and an industry that once boasted a $2 trillion market cap, stating:

“My fear is that we'll view Sam Bankman-Fried as just one big snake in a crypto Garden of Eden. The fact is crypto is a garden of snakes.”

He said that cryptocurrencies and nonfungible tokens (NFTs) are being purchased in simply hopes of selling them for a higher price.

He also highlighted how entrepreneurs such as "Sam Bankman-Fried would tell you there's a hell of a market for bankruptcy court evasion" and argued that crypto aids the tax evasion efforts of bad actors.

On the other hand, Congressman Tom Emmer distanced the FTX fallout from the institution of cryptocurrencies while speaking at the hearing. Instead, Emmer argued that the immutable nature of blockchain technology helped the crypto community uncover discrepancies in the FXT Token, which ultimately led to SBF’s arrest.

Information stored over the public blockchain will further assist law enforcement in digging into the nuances of the possible crimes, according to Emmer, who adde:

“I encourage my colleagues to understand Sam Bankman-Fried’s con for what it is — a failure of centralization, a failure of business ethics and a crime. It is not a failure of technology.”

While naysayers try to link SBF’s actions with the idea of crypto and blockchain, the case for decentralization grows stronger. Public blockchain-based crypto ecosystems not only allow for traceability but can also help authorities with anti-money laundering initiatives.
77.7K views17:00
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2022-12-11 20:00:06Crypto Experts are Stocking Up on This New Altcoin With Less Than 24 Hours Before Its Presale Ends – Here’s Why.

With only hours remaining in the presale, the sustainable cryptocurrency IMPT has raised over $18.6 million, with $1 million per day coming in in the final days as crypto experts and influencers spread the project's virtues online.

IMPT io will connect shoppers globally with environmental projects supported by numerous retail brands. Each time a user makes a purchase through IMPT, money is donated towards climate change solutions and shoppers gain rewards.

Crypto Experts Weigh in on Top Sustainable Crypto Presale
'CryptoHeroesLIVE', one of Germany's top crypto analysts, reviewed IMPT as a high-potential project yesterday when the presale had brought in $17.1 million. Then India's top cryptocurrency influencer 'Wise Advice' posted a video later in the day when the presale had raised $17.3 million.

Then, CryptoNews analyst Jacob Bury posted an IMPT update today when IMPT was close to raising $18 million dollars.

"I'm very, very bullish on everything in the ecosystem," Bury said in the video update. "Tokenomically it's amazing, the white paper looks great, the VCM (voluntary carbon market) is expected to grow massively by 2030, and of course, investing in the IMPT token means you're really aligning your investment decision with your moral framework. It's really good to know you're participating in something that is helping save the planet."

On Friday, the IMPT team delivered a keynote speech at the World Blockchain Summit in Thailand. That presentation may have caught the attention of crypto whales as new token presales that feature a fully doxxed and professional team often perform well not only during an IEO but also in the long term.

On Saturday night, as news of IMPT continued to spread internationally, investors poured an additional million dollars into the presale.

IMPT will list on exchanges at $0.0253 USD, 10% higher than the final presale price. IMPT token holders will be able to trade their tokens on LBank and Changelly soon after the end of the presale, with more listings currently being finalized.
58.0K views17:00
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2022-12-08 20:00:09 ​​Wemix delisting saga continues at South Korean court.

Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.

A court in South Korea has supported the decision of local exchanges to delist Wemade’s Wemix (WEMIX) tokens, dismissing Wemade’s request to cancel the delisting.

The Seoul Central District Court ruled on Dec. 7 to justify the decision of the Digital Asset eXchange Alliance (DAXA) to delist WEMIX from major South Korean exchanges, The Korea Herald reported on Thursday.

The DAXA, a crypto exchange group representing South Korea’s largest firms like Upbit, Bithumb, Coinone, Korbit and Gopax, said that Wemade has failed to properly disclose the number of tokens outstanding.

The court has reportedly supported the position of the DAXA, emphasizing the importance of transparent reporting of token’s distribution, stating:

“Crypto assets have no regulator or an absolute means of determining their price like the stock market. Therefore the distribution number is crucial because the price is decided as a result of the balance between supply and demand."

In response to the latest ruling, Wemade argued that the firm will continue the legal battle against DAXA and will appeal the court’s order.

“We will continue to make efforts to prove the injustice of DAXA's decision,” the firm reportedly said, adding that it also plans to file a suit. Additionally, the firm is planning to send a complaint to the Korea Fair Trade Commission, which is a major regulatory authority for economic competition in the country.

The court’s ruling came shortly after Wemade filed a petition for a preliminary injunction on Nov. 28, after DAXA member exchanges first delisted WEMIX in late November.

Founded in 2000, Wemade is a South Korean video game developer, backed by major global tech companies, including Microsoft. The firm launched its gaming-related Wemix blockchain platform alongside the eponymous token in late 2019.

The Wemix cryptocurrency has been plummeting amid the delisting news since late November, seeing even more red amid the latest news.
23.8K views17:00
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2022-12-08 15:00:07
Join The Festivities And Win With Duelbits $500К Christmas Giveaway

To get into the festive season, Duelbits is giving you the opportunity to win a share of their $500К cash prizes. The giveaway starts on December 1st and ends on the day after Christmas. Duelbits’ users can win the following:

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Each day until Christmas, there will be a present that needs to be opened. Inside, you can find Free Spins or a challenge to complete for a reward.

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37.1K views12:00
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2022-12-05 20:00:10 ​​Audit firm Mazars to verify KuCoin’s proof of reserves.

Mazars, the former accounting firm for Donald Trump’s companies, was hired recently to audit Binance’s PoR.

Crypto exchange KuCoin hired the international accounting firm Mazars for a third-party audit of its proof of reserves (PoR).

According to an announcement on Dec. 5, the verification will provide the exchange customers additional transparency and reporting on whether their in-scope assets are collateralized, along with details on main, trade, margin, robot and contract accounts for Bitcoin (BTC) and Ether (ETH), as well as for the stablecoins Tether and USD Coin.

The report should be available on KuCoin’s official website within a few weeks. CEO of KuCoin Johnny Lyu said the move is the next step in the exchange efforts to provide transparency on users’ funds. Wiehann Olivier, partner at Kucoin, also noted:

“After recent events, there is a dire need in the industry for additional transparency, and we are confident that Mazars’ PoR service offering to KuCoin and other international cryptocurrency exchanges will aid in building trust through transparency.”

As reported by Cointelegraph, Mazars was also appointed as an official auditor to conduct “third party financial verification” in Binance’s PoR on Nov. 30. Binance’s publicly shared Bitcoin information is already being reviewed.

Headquartered in Paris, the international accounting firm previously worked for former United States President Donald Trump’s company. According to reports, the firm cut ties with Trump and his family in 2022.

KuCoin and Binance are among the six crypto firms requested to provide information on consumer protection by the United States Senator Ron Wyden by Dec. 12.

Wyden requested Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin information on subsidiary companies, safeguards of consumer assets, use of customer data, and guards against market manipulation. The senator argued that crypto users with funds in FTX had “no such protections” as those offered by banks or registered brokers under the Federal Deposit Insurance Corporation or Securities Investor Protection Corporation.
83.2K views17:00
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2022-12-04 15:00:06 hello everyone, we can confirm that this room https://t.me/+i2st-9OBli4wNGRk works before telling you this we tried it for a month, we spent €299 to enter, the price includes: basic crypto course, academy to become a trader, assistance, video guides. we wanted to try an Italian signal room and we found the biggest one, it absolutely deserves a sponsor here
33.5K views12:00
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2022-12-02 20:00:07XRP Price Prediction as $900 Million Trading Volume Comes In – XRP to the Moon?

XRP, the Ripple payment ecosystem’s native cryptocurrency, was last trading lower by about 1.8% on Friday in the run-up to the release of US jobs data, which analysts have said could cause volatility in cryptocurrency markets should it impact expectations for how much further the US Federal Reserve is going to lift interest rates. XRP/USD was last changing hands close to $0.39 per token and almost bang on its 200-Day Moving Average (DMA). Meanwhile, prices have been able to hold comfortably above the 21DMA in the low $0.38s.

XRP Price Prediction – Quick Jump to $0.50 Likely?
XRP price predictions have been getting more bullish in recent weeks as the cryptocurrency has recovered from its post-FTX collapse lows. Ripple’s native token was last trading up nearly 24% versus these lows around the $0.32 mark. In the last few weeks, XRP has been in an uptrend and seems to have formed an ascending triangle. The ceiling of this triangle is for now the support-turned-resistance around $0.42.

Ascending triangles are typically viewed as a bullish price pattern. XRP/USD bulls will thus be hoping that, in the coming days, XRP can rally back to rest the $0.42 resistance area. A break above here could trigger a quick push above $0.50 and towards the next key area of resistance around $0.51. Whether XRP can surge to the moon will depend on more than just technicals, however.

Ripple may be able to force the SEC to settle its ongoing lawsuit against the firm, by essentially proving that the US regulatory agency had treated the project unfairly compared to other crypto projects like Ethereum. A big legal victory for Ripple could result in a huge cloud of uncertainty being removed for XRP and could lead to a big jump.
23.2K views17:00
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