Crypto Miami

2023-06-17 14:00:05 Nordic Invasion $1,000 Giveaway in 7 days

Contest rules:

• Join telegram https://t.me/nordicinvasionnft

• To qualify you MUST join telegram and be active in chat.

This projects purpose is to find alien life form and send one lucky NFT holder into space on the space Perspective Space Balloon https://spaceperspective.com

We have tons of marketing in the works. Let’s get together for a great cause, and get one of you into outer space Open / Comment

2023-06-15 19:30:22 Crypto Broker FPG Suspends Services After $15 Million Cyberattack

Floating Point Group (FPG), a crypto prime brokerage, has suspended all withdrawals, deposits and trading on its platform after suffering from a $15 million cyberattack over the weekend.

The firm said in a Twitter thread on Wednesday that although it had managed to limit the overall impact of the attack, operations were still being suspended “out of an abundance of caution.”

“We have notified law enforcement and are actively cooperating with them on this matter,” the firm noted.

FPG added that the FBI, the Department of Homeland Security, US regulatory agencies, and the blockchain intelligence firm Chainalysis had all been working on the investigation to figure out what happened.

The cyber-attack on FPG happened on Sunday, and the firm said it led to a loss “as we understand it today” of between $15 and $20 million worth of crypto.
The crypto broker noted, however, that the exact loss is “still being investigated and analyzed.” Open / Comment

2023-06-12 21:01:36 Russian and Iranian Crypto Sectors in Cooperation Talks

Russian and Iranian crypto and fintech industry group leaders have discussed ways the nations could use tokens to evade sanctions and facilitate trade.
The talks were held at a summit in Tehran named the International Exhibition of Financial Industries.

A panel discussion on crypto adoption was uploaded to the event’s official channel on the Aparat video sharing platform.
The panel featured Iranian government officials, such as the head of the Ministry of Information and Communication Technology’s innovation and investment department.

No Russian government officials were in attendance at the panel session.
But one notable speaker was Alexander Brazhnikov, the Executive Director of the Russian Association of the Cryptocurrency and Blockchain Industry (RACIB).

The RACIB is one of the most outspoken and prominent Russian crypto industry organizations.
Also in attendance was the Secretary of the Iranian Fintech Association Mustafa Amiri. Open / Comment

2023-06-09 21:01:25 US Justice Department Objects to Bittrex’s Plan To Repay Customers in Bankruptcy Proceedings

The US Department of Justice objected to a proposal by crypto exchange Bittrex to return money to customers as part of its liquidation plan.

Bittrex filed for bankruptcy in May in a federal court in Delaware after facing scrutiny from both the Justice Department and the US Securities and Exchange Commission.

The exchange shut down US operations earlier this year after it was fined $53 million by the Treasury’s Office of Foreign Assets Control and Finance Crime Enforcement Network after they said Bittrex failed to prevent customers in Iran, Cuba and other sanctioned nations from using its platform.

The SEC later charged Bittrex in April for operating as an unregistered exchange, broker and clearing agency. Open / Comment

2023-06-08 15:00:05 ​Crypto Miami will host an AMA Session with AirDAO in the Crypto Miami + AirDAO chat.

START 3 PM UTC, Thursday, June 8th, 2023.

Prepare your best questions and be ready to participate in time, see you soon!

Reward: 100$.

Follow AirDAO’s Telegram group: @AirDAO_official and Twitter account: @AirDAO_io.

Website - https://airdao.io/ Open / Comment

2023-06-06 20:01:35 Russian P2P Crypto Market Is ‘Worth $296m a Day’

The Russian P2P (peer-to-peer) crypto market is growing at a rapid pace, with a report claiming vendors can access “$296 million” worth of trades per day.
Per RB, the claim was made by Schard, a cryptoasset security platform, at a blockchain conference operated by the Russian banking giant Sber.
Crypto is still almost completely unregulated in Russia, after years of political wrangling.

Many other nations operate a licensing system for crypto exchanges.
And this has led many of Russia’s biggest crypto trading platforms to relocate overseas in search of regulated environments.
But that has apparently opened up a space in the market for smaller exchanges and over-the-counter deals.

Schard claimed that an average daily figure of “$296 million” was available to Russians who “want to sell cryptocurrency” and for fiat.
Vendors typically send their fiat to “accounts held at large banks.”

And buyers typically use debit or credit cards issued by major commercial banks to pay for tokens.
The firm confirmed that most buyers and vendors are “unregulated online exchanges.” Open / Comment

2023-05-19 22:00:15 NFTs in the academy: Fighting fake credentials and unfair wages

The rise of fake credentials and teachers being undervalued and underpaid are some of the recurring problems that the education sector continues to face.

One of the pressing issues in education is fake credentials. On May 18, The Washington Post reported that there are about 2,800 people who purchased their credentials without attending the proper classes. They were able to pass the National Council Licensure Examination in the United States. Authorities are now trying to find these people.

This is not a one-off problem. In the United States, some estimate that around 100,000 fake degrees are purchased from illegitimate institutions or “diploma mills” every year. Some of these degrees can be bought for $1,000 without any of the work required for such academic achievements. Open / Comment

2023-05-18 19:30:00 Did you know that Japan's economy is one of the most developed economies in the world?

Imagine how much money Japanese companies can invest in the crypto segment in the near future

Today, one of our admins found a promising project called STAR that aims to help Japanese businesses communicate effectively about their products and technologies.

You can learn more about all the prospects of this project

...and be prepared for the big pump of their coin in the next few days. Purchase it here before the whole planet has it. Open / Comment

2023-05-16 22:00:01 ​Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research

The 2022 crypto bank runs — caused by the failure of multiple ecosystem giants — have had a lasting impact on the crypto industry. A new research report from the Federal Reserve Bank of Chicago (FRBC) has identified several key factors and catalysts that accelerated last year’s crypto crisis.

The report identified that withdrawals by crypto whales and large account holders on centralized exchanges, including some key institutional accounts, created a liquidity crisis that eventually led to the bank run.

The first crisis came from the Terra collapse, spurring customer outflows for many crypto lenders with exposure to the Terra ecosystem. Celsius and Voyager Digital saw outflows of 20% and 14% of their customer funds, respectively, in the 11 days after the collapse. Celsius had also invested nearly a billion dollars in Terra’s failed algorithmic stablecoin.

The second major crisis, catalyzed by high customer outflows, came from Three Arrows Capital’s (3AC) downfall in July 2022. Celsius and Voyager Digital saw another round of outflows of 10% and 39%, respectively, due to their exposure to the bankrupt 3AC.

3AC became a major source of contagion in the crypto industry as multiple firms had lent billions in crypto assets to the hedge fund, resulting in a major crisis after its failure. Genesis Capital provided 3AC with loans totaling around $2.4 billion; BlockFi provided $1 billion; Voyager Digital provided $350 million and 15,250 Bitcoin, worth approximately $328 million in July 2022; and Celsius provided around $75 million. Open / Comment

2023-05-14 22:01:06 Referral marketing refers to a system for promoting a brand, service, product or service through recommendations from users or other interested parties.

The brand offers a person (he is called a referee or referrer) a bonus for attracting an audience, and he is looking for ways to bring new clients (referrals) to the site /company/entrepreneur.

Attrace will launch the world’s first DApp Referral Marketplace , which enables the launch of the world’s first IDO Referral Trustless decentralized promotion of an IDO.

The world’s first IDO Referral will be the Attrace IDO Referral

Full details of the DOOR and how to get yourself on the whitelist can be found here Open / Comment