CryptoClan (ENG)

2022-02-06 16:22:01 Aussie Billionaire Files Criminal Case Against Facebook (Meta) for Running Illegal Crypto Ads

Fortescue Metals Group Chairman Andrew Forrest has filed a criminal case against Facebook in Australia for its failure to stop scam ads featuring his image.

Forrest alleged that fake crypto investment ads on Facebook used his image to claim that the mining billionaire endorsed certain investment schemes, and it resulted in many conned people. Open / Comment

2022-02-06 13:21:01 Jack Dorsey on UBI: Bitcoin encourages transparency, long-term thinking

"Obscurity of information forces and incentivizes people to negative behaviors that don't work for them, their community or family," said Dorsey while pointing out the lack of transparency within the existing centralized financial system.

Dorsey's BTC-powered UBI experiment will involve creating a small-scale closed-loop community of sellers and merchants that adhere to the Bitcoin standards. Along with the benefits that come with the Bitcoin standard, Dorsey is also vigilant about its negative impacts. Open / Comment

2022-02-06 10:25:52 THE SATOSHI STANDARD CAN TAKE BITCOIN TRADING MAINSTREAM

The current price of bitcoin makes it seem as if the world's leading cryptocurrency is no longer approachable by mainstream users. A five-digit price point makes people rethink their decision, as most assume they still need to buy one full bitcoin.

Introducing denomination in satoshis can, in my opinion, make a lot more sense when onboarding newcomers. It may take some effort before the satoshi standard becomes commonplace, though. Open / Comment

2022-02-05 21:11:01 QNT Surges by 35% in 24 Hours Amid Growing Interest in CBDCs

The rising value of the token is possibly due to the network interest in Central Bank Digital Currencies.

With its new interest in CBDCs, the Quant network seeks to enable open access to the digital currencies issued by the central bank. Its overledger DLT gateway enables interoperability which can connect all DLT networks. Open / Comment

2022-02-05 18:38:01 The biggest bitcoin miner in Texas is shutting down ahead of blast of winter weather in the state

Bitcoin miner Riot Blockchain is voluntarily powering down its operations until the new major winter storm approaches to conserve energy for the Lone Star state's power grid.

Riot, the biggest bitcoin miner in Texas and among the biggest publicly traded crypto mining firms, initiated preparation to shut down its Whinstone facility Tuesday morning and will remain powered down until the extreme cold weather front moves away from the region, spokesperson Trystine Payfer told Insider Thursday. Open / Comment

2022-02-05 15:12:01 Bitcoin whale activity over the last two years:

- March 2020 to March 2021: Accumulation
- March 2021 to July 2021: Distribution
- July 2021 to September 2021: Accumulation
- September 2021- February 2022: Distribution
- February 2022 - X : Accumulation? Open / Comment

2022-02-05 11:27:34 Visa, PayPal, MasterCard, Uber, Andreessen Horowitz, and various other invested at least $10,000,000 into Meta’s shitcoin project.

They could have bought at least 1000 BTC that would now be worth $40,000,000.

Even the “smartest” companies get fooled by shitcoins. Open / Comment

2022-02-05 09:22:01 Purpose Bitcoin ETF had one of its biggest inflows yesterday. Open / Comment

2022-02-04 22:04:52 Nintendo hints it’s ‘interested’ in NFTs and metaverse

“We do have interest in this area, we feel the potential in this area, but we wonder what joy we can provide in this area and this is difficult to define right now,” the Japanese video game company reportedly said. Open / Comment

2022-02-04 19:02:13 In Win For Crypto Stakers, IRS Offers Refund on Untraded Token Rewards

A decision to refund a Nashville couple taxes related to unsold Tezos tokens is set to clarify the IRS tax treatment of staked cryptocurrency. In a win for cryptocurrency stakers and miners, the IRS has offered to refund the couple taxes paid on rewards gained — but not redeemed — from staking on the Tezos blockchain, according to people familiar with the matter.

Official court filings were made public on Thursday, indicating that a bench trial is set for March 2023, unless the case is settled following the conclusion of the discovery process in mid-March of this year. Open / Comment