Crypto Miami

2023-07-04 19:31:07 Coinbase Aims to Modernize Direct Deposit Systems via Blockchain Stablecoin Settlements

Coinbase has said it wants to modernize its direct deposit system using blockchain-based stablecoin settlements instead of the traditional ACH deposits.

According to a blog post written by Yuga Cohler, a senior software engineer at Coinbase, the company's goal is to update the financial system and promote the adoption of crypto worldwide, with a focus on consumer rights and security.

Coinbase said the current direct deposit system in the US, known as Automated Clearing House (ACH), suffers from inefficiencies and multiple shortcomings, including the involvement of multiple parties and complex processes.

This inevitably leads to delays and a lack of standardization, the exchange said, while adding that it believes that blockchain-based stablecoin settlements, using a USD-pegged token such as USDC, can address these issues. Open / Comment

2023-07-01 17:30:17 Ex-Trader Ackerman Ordered to Pay $54 Million Fine for Crypto Fraud

The former New York Stock Exchange broker Micahel Ackerman has been ordered to pay $54 million in penalties by a federal court for running a crypto fraud, as per a release from the Commodity Futures Trading Commission (CFTC).

A judge at the Southern District of New York court has banned Ackerman from trading in any markets supervised by the financial watchdog, CFTC revealed.
The former NYSE broker was charged in 2020 for defrauding nearly 150 investors and raising $33 million on the false promises of high returns.

After pleading not guilty initially for operating a fraud, he later changed his plea in September 2021.
The financial watchdog announced that the final order signed on June 13 closes the CFTC enforcement case against Ackerman.

As per the CFTC announcement, Ackerman is required to pay $27 million in restitution to defrauded victims and a $27 million civil monetary penalty in connection with running a crypto fraud.

Between August 2017 to December 2019, the former NYSE broker scammed investors through his company Q3 Holdings. The firm promised investors 15% monthly returns on their investments. Open / Comment

2023-06-28 18:00:20 Swiss Central Bank to Launch Real-World CBDC Pilot

The chairman of Swiss Central Bank,Thomas Jordan, has announced that the central bank is launching a wholesale CBDC on Switzerland's SIX digital exchange as part of a pilot.

In a conference at Zurich on Monday, the Swiss central bank chair said that the project would begin soon.
The wholesale CBDC pilot will run on the Swiss SIX digital exchange for a limited time, the bank chair said.

The Swiss Central Bank has continued to remain skeptical of the idea of a retail central bank-backed digital currency. Swiss bank chair Jordan expressed his concern about potential risks retail CBDCs could have for the financial system.

He added that the use of retail CBDCs was more difficult to control.

"We do not exclude that we will never introduce retail CBDCs but nevertheless we are a little bit prudent at the moment." Open / Comment

2023-06-26 18:58:01 World$tateCoin (W$C) is the official currency of the 1st crypto state, The World State, which already has over 17,000 citizens.

The citizens of TWS have launched a $1B MARKET CAP CHALLENGE, and it's really taking off. There have already been two waves of pumps, and the market cap has risen from $2M to over $50M USD. $WSC quickly hit the trends on CoinMarketCap and CoinGecko, displacing $PEPE from the top lines on certain days. For several days, $WSC was the #1 top gainer on both CMC and CG.

In two weeks, the $WSC price has surged significantly and retains potential for further growth. To reach the set goal of a $1B market cap, the price needs to climb another 20 times (+1900%). It's worth noting that the price increase is happening without significant corrections, which shows the loyalty of the holders who don't want to sell at current levels and believe in the success of the $1B challenge.

$WSC is a utility token backed by the global web3 ecosystem of TWS. The W$C staking program, with its 300% APR, is also providing substantial price support and generating interest in the project.

Website
CoinMarketCap
TG group Open / Comment

2023-06-25 18:01:39 Experts: This Is Why Russia Is Becoming a ‘Crypto Mining Hotspot’

Experts have explained why Russia is reportedly becoming a crypto mining hotspot, as the nation claims its crypto mining hashrate is second only to that of the USA.
Per Finam, Nikita Zuborev, a Senior Analyst at the domestic crypto platform BestChange, said:

“There are many advantages of mining crypto in Russia. These include relatively low electricity tariffs. Even in Central Russia, prices are competitive relative to the rest of the world. But if we talk about regions with even lower tariffs, such as the Irkutsk and Krasnoyarsk regions, Khakassia, and Dagestan, then the benefits are much higher.”

Zuborev added that some regions of the nation had surplus energy reserves that could be made available to miners on “favorable terms.”

The expert also said that “relatively” low taxes on company profits were also attractive for many mining firms. Open / Comment

2023-06-24 16:00:05 Crypto Rush is started!
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You've 72h to complete a task. Hurry up! Open / Comment

2023-06-22 17:00:06 David Hoffman - a former top trader at Fidelity who has made a significant impact in the crypto community.

Throughout the year, he demonstrated his prowess by skillfully shorting BTC all the way down to $16k. Then, boldly and publicly, he signaled a long position in his channel, predicting a climb up to $28k.

In May, he publicly revealed his impressive achievement of a 400% net profit utilizing a smart money and price action strategy. Not only that, but he generously shared this valuable insight with all the members of his channel.

If you're seeking valuable insights and staying informed about cryptocurrency movements, joining his community is an absolute gem.
Don't miss out on this opportunity. Join the community.

Welcome to RaiseX Open / Comment

2023-06-21 21:30:57 Bitcoin Miner Iris Energy Turns to High-Performance Computing Amid Rising AI Demand

The Nasdaq-listed Bitcoin mining firm Iris Energy has announced its expansion plans to cater to the rising demand of data centers for AI.

The mining firm will expand to 9.1 EH/s (exahashes per second) and revitalize its high-performance computing (“HPC”) data center strategy, as per a press release.

An exahash (EH/s) is a measure of the computational power that Bitcoin mining networks possess, indicating how quickly they can perform calculations required to secure transactions.

These changes are expected to expand the company’s potential operating capacity by over 63% (from 5.6 EH/s to 9.1 EH/s1).
Iris Energy aims to complete the shift to high-performance computing by early 2024.

The announcement comes amid the heightened interest in Artificial Intelligence (AI).
The Bitcoin mining company said in its press release that they have been exploring the strategy to expand for four years.

In March 2020, the company signed a strategic memorandum of understanding with Dell Technologies to test and develop potential data center solutions for energy-intensive applications, including leveraging Dell Technologies’ HPC and artificial intelligence expertise. Open / Comment

2023-06-21 18:00:07 [HAVAH EVM & BEYOND: Airdrop Campaign]

HAVAH starts formally tying together various networks. In order to broaden the HAVAH ecosystem, various non-EVM chains are connected in addition to the currently linked EVM-centered networks.
We will launch a significant campaign to bring WEB3 users from various chains to HAVAH as soon as the new networks are announced.

Daily Feel-Lucky Draw
: https://feel-lucky.havah.io/

Airdrop Campaign
: https://zealy.io/c/havahofficial

Phase 1 Sprint Airdrop Schedule.
: Rewards will be distributed on June 30 / Deadline for screenshot is June 26.

Phase 2 Sprint Airdrop Schedule.
: It will be announced at a later date

The above campaign will be regularly held even after June 26. Open / Comment

2023-06-18 18:00:52 Ripple case nears conclusion, but the fight for clarity must ‘continue’ — Brad Garlinghouse

In a video posted to Twitter, Ripple CEO Brad Garlinghouse opined that the U.S. financial watchdog acted in “bad faith, plain and simple.“

Ripple CEO Brad Garlinghouse has warned that as Ripple’s legal battle against the United States Securities and Exchange Commission (SEC) is coming “to a close,” it is only the beginning of a larger battle for the industry and the fight for regulatory clarity “has to continue.“

After the Hinman Documents were unsealed on June 13 as part of the ongoing lawsuit between Ripple and the SEC, Garlinghouse published a video on Twitter discussing the lawsuit’s timeline and expressing his frustration with the agency.

In June 17 video, Garlinghouse said the Hinman documents suggest that the SEC “knowingly created confusion about the rules, and they used that confusion through enforcement.”

In his remarks, Garlinghouse strongly criticized the SEC’s actions, describing them as a clear case of “bad faith, plain and simple.“ Open / Comment