Coin Bureau Insider

2022-09-06 17:19:57

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2022-09-06 17:19:50 Hey Guys,

I'm sure you're all familiar with the World Economic Forum's famous 'you will own nothing and be happy' prediction for 2030, but have you ever wondered how they plan on achieving this goal? Have you ever considered that this could be happening already?

Well, I certainty started to wonder after doing research for our video about how to survive the great reset. It led me down one of the most interest rabbit holes to date, because it deals with economics, demographics, cryptocurrency, and even history.

It turns out that there are are some disturbing trends in the economy for more than 100 years, and 'you will own nothing and be happy' seems to be the next, dare I say, logical stage of economic evolution.

Thankfully there's an easy way to own something.

Watch until the end to find out! Open / Comment

2022-09-06 13:44:07 Ethereum Classic Jumps Nearly 12% as Hash Rate Hits All-Time High

According to data from 2miners, Ethereum Classic, a hard fork of the Ethereum blockchain, has reportedly achieved an all-time-high hash rate of 45 terahashes per second (TH/s). High hash rates are an indicator of increasing resilience against 51% attacks.

The news has resulted in a 12% spike in the price of the blockchain’s native token ETC, over the past 24 hours. The coin has also surged over 60% in the past 90 days from $21.40 to $35.6 currently.

https://decrypt.co/108985/ethereum-classic-jumps-nearly-hash-rate-hits-all-time-high

Bank of Russia Agrees to Legalise Crypto for Cross-Border Payments: Report

Russia’s central bank, the ‘Bank of Russia’, has reportedly agreed with the finance ministry to legalise cross-border payments in crypto. The central bank also admitted that the move was inevitable due to current geopolitical conditions. However, the central bank also clarified that it is still opposed to legalising crypto payments within the country.

https://cointelegraph.com/news/bank-of-russia-agrees-to-legalize-crypto-for-cross-border-payments-report Open / Comment

2022-09-06 13:43:42 COIN BUREAU NEWSFLASH! – (06/09/22)
Here are some of today’s most important headlines:

Binance To End Support for Trades and Account Balances of USDC, USDP, and TUSD Stablecoins on 29th Sept

According to a statement published by Binance on Monday, the crypto exchange giant is planning to auto-convert users’ existing USDC, USDP, and TUSD stablecoin balances to the exchange’s native BUSD stablecoin. The auto conversion will be implemented on Sept 29 and will also apply to any new deposits of these stablecoins.

The move is reportedly intended to “enhance liquidity and capital-efficiency for users.” The exchange will also remove and stop trading on spot pairs that involve USDC, USDP or TUSD starting from Sept 26.

However, this move will not affect the user’s choice of withdrawal, the exchange will still support the withdrawal of USDC, USDP, and TUSD stablecoins using their BUSD account balance post the auto conversion.

https://www.bloomberg.com/news/articles/2022-09-05/binance-says-it-s-converting-users-usdc-into-its-own-stablecoin

Crypto-Friendly Candidate Liz Truss to Become UK Prime Minister

Liz Truss, the Secretary of State for Foreign, Commonwealth and Development affairs, is set to become the next Prime Minister of the United Kingdom after defeating former Chancellor of the Exchequer Rishi Sunak in a contest to head the governing Conservative Party.

She will be formally appointed on Tuesday after Boris Johnson officially announces his resignation to Queen Elizabeth II. Though Rishi Sunak was more overtly pro-crypto, Truss has also expressed crypto-friendly positions in a tweet from 2018 that reads,

“We should welcome cryptocurrencies in a way that doesn't constrain their potential. Liberate free enterprise areas by removing regulations that restrict prosperity."

https://www.coindesk.com/policy/2022/09/05/liz-truss-to-become-uk-prime-minister-after-winning-conservative-party-leadership/

Crypto Miner Poolin Pauses BTC and ETH Withdrawals, Citing 'Liquidity Problems'

Poolin, one of the world's largest bitcoin mining pools by hash rate, is temporarily suspending BTC and ETH withdrawals from its wallet service due to "liquidity problems." The announcement released by Poolin stated,

"As you may have known, Poolin Wallet is currently facing some liquidity problems due to recent increasing demands on withdrawals. But please be assured, all user assets are safe and the company's net worth is positive. We will make a snapshot of the remaining BTC and ETH balances on pool on September 6th to work out the balances. The daily mined coins after September 6th will be normally paid out per day. Other coins are not affected."

The firm has not given a fixed date for the resumption of withdrawals, instead, it declared that the “time and plans of resume will be released within 2 weeks.”

https://cointelegraph.com/news/crypto-miner-poolin-pauses-btc-and-eth-withdrawals-citing-liquidity-problems

Australian Federal Police Sets Up Crypto Division to Combat Money Laundering, Offshoring

The Australian Federal Police (AFP) has reportedly set up a new cryptocurrency division that will focus on monitoring crypto-related transactions. The move is a part of the country’s efforts to combat money laundering and the financing of criminal activity through cryptocurrencies.

On the matter of setting up the new division, Stefan Jerga, the national manager of the AFP’s criminal asset confiscation command, stated,

“It’s targeting assets, but it’s also providing that valuable, investigative tracing capability and lens for all of our commands across all of our businesses, whether they’re national security-related, child protection, cyber — or the ability to trace cryptocurrency transactions across the relevant blockchains is really, really important,”

https://www.afr.com/companies/financial-services/australian-federal-police-forms-cryptocurrency-unit-to-hit-criminals-20220901-p5bejr Open / Comment

2022-09-05 16:36:17

Open / Comment

2022-09-05 16:36:11 Hey Guys,

Last week was the calm before the storm, and what's funny is that it wasn't all that calm. There were a bunch of macro and crypto factors pushing the crypto markets up and down just enough for them to move sideways when all was said and done.

This week is going to be very different, and if you're subscribed to my weekly newsletter then you'll already know why. I touch on a few of the topics in today's video, including the Ethereum merge (of course) and also Cardano's upcoming Vasil hard fork.

I also touch on one big macro headwind that could seriously destabilise the markets, and that's social unrest driven by fundamentally stupid policies.

The silver lining is that we should still see one more rally before the real lows come in. Don't quote me on it, though.
Enjoy! Open / Comment

2022-09-05 13:42:13 COIN BUREAU NEWSFLASH! – (05/09/22)
Here are some of today’s most important headlines:

Terror Groups Turn to NFTs to Spread Terror Message and Raise Funds

According to this report from WSJ, terror groups such as the Islamic State may have begun using blockchain technology to raise funds and gather forces. This seems to have become especially true after an NFT with pro-terrorism messages was discovered by an individual last month.

The NFT titled "IS-NEWS #01" showcased an image bearing the Islamic State’s emblem with text praising Afghanistan-based Islamic militants for attacking a Taliban position. Intelligence and national security analysts have stated that “it was only a matter of time” before terror groups leveraged the technology for spreading their ideology.

https://www.wsj.com/articles/islamic-state-turns-to-nfts-to-spread-terror-message-11662292800

FTX to Halt ETH Trades on Arbitrum, Solana, BSC Networks Until Merge Completion

Crypto exchange FTX is reportedly halting trades of the Ether token on various blockchains until the merge upgrade to the Ethereum blockchain is completed. The official announcement read,

“As the ETH merge approaches, FTX will temporarily disable blockchain transfers of secondary chains for ETH to make sure that settlement is clean; main chain ETH transfers will stay active for longer.”

The suspension of ETH transfers and trades on FTX will commence on 7th Sept for the Arbitrum network while Solana and BSC will commence on 15th Sept.

https://cointelegraph.com/news/ftx-to-halt-ethereum-trades-on-arbitrum-solana-bsc-for-the-eth-merge

PwC Venezuela Twitter Account Hacked to Promote Scam XRP Giveaway

The Twitter account of international firm PricewaterhouseCoopers (PwC)’s Venezuelan branch was reportedly hacked yesterday to promote a scam cryptocurrency giveaway. The account posted links to a phishing website claiming to run an XRP giveaway. Though the tweets have since been removed, they were posted multiple times and stayed online for at least seven hours.

https://www.theblock.co/post/167701/pwc-venezuela-twitter-account-hacked-to-promote-scam-xrp-giveaway

LG Electronics launches NFT platform with Hedera

Korea-based television company LG Electronics is reportedly launching an NFT marketplace called ‘LG Art Lab’ on the Hedera blockchain. The NFT marketplace will be exclusively available on LG television sets.

It will enable LG television users to buy, sell and showcase their Hedera NFTs from their screens, as long as they’ve updated their device to LG’s most recent software. LG's mobile crypto wallet Wallypto will also allow users to purchase assets by scanning a QR code to connect their wallets.

https://www.coindesk.com/business/2022/09/05/lg-picks-lesser-known-hedera-blockchain-for-television-nfts/

Nigeria and Binance in Early-Stage Discussions to Establish Crypto-Friendly Economic Zone

According to an announcement from the Nigeria Export Processing Zones Authority (NEPZA), Nigerian officials are in ‘early-stage’ conversations with crypto exchange mammoth Binance and technology infrastructure company Talent City to establish a “Virtual Free Zone.”

The proposed zone, according to NEPZA managing director Adesoji Adesugba, will be a first in West Africa and function similarly to Dubai's virtual zones, which are intended to offer crypto firms laws, regulations, and tax incentives that are beneficial to the industry.

https://www.bloomberg.com/news/articles/2022-09-04/nigeria-binance-in-talks-for-digital-city-to-develop-blockchain Open / Comment

2022-09-04 17:26:26

Open / Comment

2022-09-04 17:26:19 Hey Guys,

Would you believe me if I told you that there's a chance you might not able to buy your favorite altcoins in the near future?

I know it sounds crazy, but many countries have taken steps to restrict retail investors, and it's starting to become a global trend.

To be fair, there's a case to be made for cutting retail investors out of the equation. We tend to take on too much risk, most of us don't do our research, and worst of all, we love to use lots of leverage which has the potential of eventually destabilising all markets.

However, there's also a case to be made for allowing retail investors to get access to even more risky investments. Besides the much higher returns that risk offers, it also makes it possible for new projects to emerge whether it's a crypto or a company.

I guarantee this is going to be one of the most interesting videos you'll watch this week, so be sure to stick around until the end so you don't miss a thing! Open / Comment

2022-09-04 13:24:41 COIN BUREAU NEWSFLASH! – (04/09/22)
Here are some of today’s most important headlines:

Repurposing Bitcoin Mining Heat Can Solve Global Energy Crisis: Arcane

A research report by Arcane highlights the potential of the Bitcoin mining industry to revolutionise the energy industry. The report states that the heat produced by Bitcoin mining can be repurposed in many ways, including being used to heat up homes, industries, and other applications during the winter. This offers various advantages such as operational subsidies and lower heating costs. The report also compares Bitcoin mining with other industries to highlight its efficiency as a reliable source of energy repurposing.

https://cointelegraph.com/news/repurposing-bitcoin-mining-heat-can-solve-global-energy-crisis-arcane

Binance Security Team Has Identified Two Suspects in KyberSwap Hack

According to a tweet by Binance CEO Changpeng Zhao (CZ), the exchange’s security team has identified two suspects who might be responsible for the KyberSwap hack. The tweet read,

"Binance security team has identified two suspects for yesterday's KyberSwap hack. We have provided the intel to the Kyber team, and are coordinating with LE (law enforcement),"

The tweet was received with many praising Binance for its proactive aid in identifying malicious actors in the space. One user even tweeted,

“Binance is now playing the role of a big brother in the crypto space. Binance has gone beyond securing its platform to securing the entire crypto ecosystem.”

https://www.theblock.co/post/167641/binance-security-team-has-identified-two-suspects-in-kyberswap-hack-cz-says

Hacker Steals Bill Murray’s Crypto After $185K NFT Charity Auction

Actor Bill Murray is the latest to be hit by hackers in the crypto space. According to the report, an attacker drained funds from Murray’s personal crypto wallet, making off with 119.2 ETH that was raised in a charity auction just the day before the attack.

The attacker also reportedly tried to steal the NFTs present in the wallet, however, this was foiled due to a security measure that automatically transferred the NFTs to a safekeeping wallet. While the original ETH raised for charity is lost, a runner-up in the auction, Coinbase user Mishap72, has reportedly sent 120 ETH (around $187,500) to Chive Charities to replace what was lost.

https://www.coindesk.com/business/2022/09/02/hacker-steals-bill-murrays-crypto-after-185k-nft-charity-auction/

Blockstream, Sevenlabs Partner to Launch Decentralised Bitcoin Exchange ‘XDEX’

According to this report from Bitcoin Magazine, Bitcoin infrastructure service providers Blockstream and Sevenlabs have partnered with Poseidon Group to launch ‘XDEX’, the first decentralised security token exchange for Bitcoin and security assets.

By supporting assets from the Bitcoin ecosystem and enabling peer-to-peer trade, XDEX will effectively cut out middlemen from the transaction.

XDEX general counsel, Lars Schlichting stated,

“The use of P2P infrastructure by current financial markets is inevitable. XDEX’s launch is a milestone during this transition to a more decentralised financial system made possible by Bitcoin and will pave the way for other financial institutions and trading venues to evolve.”

https://bitcoinmagazine.com/business/blockstream-sevenlabs-launch-decentralized-bitcoin-exchange Open / Comment