Crypto Retro

2022-10-20 14:00:09 $500 Tech on Top Giveaway by Fluid Finance

Every submission gives you a chance to win 250 USDT.

It's FREE to take part and there will be two lucky winners!!


Learn more here https://loom.ly/Eg0KXFQ Open / Comment

2022-10-18 20:00:07 ​​Bankman-Fried ‘100%’ supports knowledge tests for retail derivatives traders.

The FTX founder said a knowledge test for derivative retail customers “could make sense,” but it doesn’t need to be specific to crypto.

The founder and CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, has backed the idea of knowledge tests and disclosures to protect retail investors but said it shouldn’t just be crypto-specific.

Bankman-Fried tweeted his thoughts in response to an idea floated by the United States Commodities Future Trading Commission (CFTC) commissioner Christy Goldsmith Romero on Oct. 15, saying the establishment of a “household retail investor” category for derivatives trading could give greater consumer protections.

Romero said due to crypto, more retail investors are entering the derivatives markets and called for the CFTC to separate these investors from professional and high-net-worth individuals and have “disclosures written in a way that regular people understand or could be used when weighing rules on the use of leverage.”

Derivatives trading is when traders speculate on the future price of an asset, such as stock, commodities, fiat currency, or cryptocurrency through the buying and selling of derivative contracts, which can involve leverage.

The FTX founder said he “100%” agrees with mandating disclosures and knowledge tests for all Future Commissions Merchants (FCMs) and Designated Contract Markets (DCMs) who face retail traders, adding it “could make sense.”

He added, however, that it doesn’t “necessarily make sense” for the disclosures and tests to be specific to cryptocurrencies, suggesting these should apply to all derivative products.

DCMs are CFTC-regulated derivate exchanges on which products such as options or futures are offered which can only be accessed through an FCM, which accepts or solicits buy and sell orders on futures or futures options contracts from customers.

Bankman-Fried’s comments come as FTXUS, FTX’s United States-based entity, looks to launch cryptocurrency derivatives trading, and the exchange has already created a knowledge test that could be used for its platform, according to Bankman-Fried.

The CFTC is ramping up its efforts to become the regulator of choice for the U.S. crypto market as calls for regulatory clarity become more persistent. Open / Comment

2022-10-15 20:00:08 ​​IOSCO demands tighter scrutiny over the 'finfluencers'.

The International Organization of Securities Commissions proposed a set of new measures to address increasing risks in digital marketing.

The Board of the International Organization of Securities Commissions (IOSCO) believes the regulators on both national and international levels need more power to address increasing risks and challenges from the “digitalization of retail marketing and distribution.”

In its report, published on Oct. 12, IOSCO proposes measures for the member countries to consider when determining their policy and enforcement approaches to retail online offerings and marketing, given the new challenges that rise with the proliferation of crypto assets.

Talking about these risks, the report focuses on the use of behavioral and gamification techniques and pays special attention to influencers who participate in crypto marketing, calling them “finfluencers.” Another concept the report quotes is the “digital veil.” According to the IOSCO Secretary General, Martin Moloney:

“Digital fraudsters can hide behind a “digital veil” that makes it difficult for regulators to locate, identify and take action against them.”

The measures themselves are hardly new. IOSCO proposes to oblige the management of the crypto products to take responsibility for the accuracy of the information provided to potential investors on social media and apply “appropriate filtering mechanisms” for financial consumer onboarding.

The set of supervisory capacities that IOSCO recommends for the national regulators to acquire includes regulatory channels to report consumer complaints for misleading and illegal promotions and evidence-tracking processes to cope with the fast pace and changing nature of online information.

More intriguing is the possible legal obligation for the crypto companies to have specific staff qualification and licensing requirements for online marketing staff, which IOSCO also suggests.

Another proposed measure is compliance with third-country regulations — while conducting its services to foreign clients, the company would have to determine whether it could have gotten the license to do so in the client’s home country. Open / Comment

2022-10-14 18:00:09 If there is Binance in WEB 2.0, there is PLEXUS in WEB 3.0.

PLEXUS is a cross-chain DEX aggregator, optimized for WEB 3.0. With the interswap routing engine, PLEXUS enables asset exchange across all blockchain networks.

Users can also customize and own their own DEX with the DIY features PLEXUS provides. PLEXUS DAO will operate the protocol with the SBT and monetary incentives to the protocol contributors. PLEXUS will lead the WEB 3.0 ecosystem with a goal of popularizing DeFi to the masses.

Public Sale Date: 2022.10. 31 04:00 - 2022.11. 3 03:59 (GMT)
Join Public Sale

Participation Benefit
1. Listing Price will be 333% higher than the Public Sale!
2. PLEXUS SBT

EVENT
1. Join Our $10,000 Giveaway
2. Up to $10,000 Project Settlement Support

PLEXUS awaits your participation! Open / Comment

2022-10-12 20:00:09 ​​SEC rejects WisdomTree's application for a spot Bitcoin ETF ... again.

Similar to its December 2021 rejection of a WisdomTree spot Bitcoin investment vehicle, the SEC cited concerns about fraud and market manipulation.

The United States Securities and Exchange Commission, or SEC, has disapproved of a rule change that would allow exchange-traded fund (ETF)provider WisdomTree to list and trade shares of a Bitcoin ETF.

According to an Oct. 11 filing, the SEC rejected a proposed rule change that would have allowed WisdomTree to list and trade shares of its Bitcoin. Trust on the Cboe BZX Exchange after several delays due to extensions and comment periods. WisdomTree first filed the spot Bitcoin ETF application on Jan. 25 with publication in the federal register on Feb. 14.

The SEC said any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.” Will Peck, WisdomTree’s head of digital assets, told Cointelegraph in a September interview that the SEC’s market manipulation claims would likely be “the hardest nut to crack” in an ETF approval.

Peck said at the time that WisdomTree was “kind of watching this and seeing what’s going to happen” but did not plan to take Grayscale’s approach in filing a lawsuit with the SEC over the rejection of its Bitcoin ETF. He added the company planned to “engage more productively” with the U.S. regulator, positing the SEC would “ultimately get there” in approving a spot crypto investment vehicle.

Similar to its December 2021 rejection of a WisdomTree spot Bitcoin ETF offering, the SEC concluded that the BZX exchange did not have the ability “to obtain information necessary to detect, investigate, and deter fraud and market manipulation, as well as violations of exchange rules and applicable federal securities laws and rules.” In addition, the financial regulator said BZX had been unable to provide data demonstrating ”that wash trading and other possible sources of fraud and manipulation in the broader Bitcoin spot market will be ignored by market participants.”

“BZX has not met its burden of demonstrating an adequate basis in the record for the Commission to find that the proposal is consistent with Exchange Act Section 6(b)(5),225 and, accordingly, the Commission must disapprove the proposal,” said the filing. Open / Comment

2022-10-09 20:00:07 ​​Cryptocom downsizes some sports partnership deals amid market downturn.

The crypto exchange reportedly cut the scope of sponsorship agreements inked with sports organizations including the Angel City Football Club, the 2022 FIFA World Cup and Twitch Rivals.

Cryptocurrency exchange Cryptocom has reportedly reduced the scale of many of its sponsorship deals with sports organizations amid staff cuts and the market downturn.

According to an Oct. 6 report, Ad Age tech reporter Asa Hiken said Cryptocom cut the scope of sponsorship agreements inked with major sports organizations including Los Angeles' Angel City Football Club, the 2022 FIFA World Cup in Qatar and esports tournament host Twitch Rivals — in some cases reportedly attempting to pull out of the deals entirely. Hiken cited unnamed former and current Cryptocom employees, who said the crypto exchange had begun considering such actions following the market downturn in May.

“The other shoe has dropped for a crypto firm that marketed really big when number was up,” said Hiken. “Now that number is down, the firm is grappling with its own costly decisions.”

Lawyers for Angel City reportedly claimed the crypto exchange withheld payments and eventually backed out of the deal, first announced in December 2021. In addition, the firm reportedly decided on plans to dissolve its partnership with Twitch Rivals, with both companies agreeing to finish the deal by the end of 2022. A former Cryptocom employee alleged the firm may have cut the number of hospitality packages it planned to issue as part of the FIFA deal by half.

Cryptocom has made a number of highprofile marketing deals in the last 12 months, from recruiting actor Matt Damon to appear in its "Fortune Favors the Brave" ad campaign to signing a $700-million agreement to rename the Staples Center in Los Angeles as the Cryptocom Arena. The crypto exchange has reportedly continued to move forward with the multimillion-dollar renovation.

Cointelegraph reported in September that Cryptocom had dropped out of a half-billion-dollar sponsorship deal with the Union of European Football Associations Champions League. The report implied that other major partnerships with the exchange, including its five-year deal with the Australia Football League and Formula 1, might also be affected. Open / Comment

2022-10-06 20:00:06 ​​Mastercard launches new crypto fraud protection tool.

Mastercard’s new product allows banks to find and prevent fraud on crypto merchant platforms within its network.

The financial service provider Mastercard launched a new crypto service related to risk management on Oct. 3. Mastercard’s new service, Crypto Secure, is aimed to help banks find and prevent fraud on crypto merchant platforms.

Crypto Secure combines the usage of artificial intelligence, blockchain data and public records of crypto transactions, along with other sources, to determine crime-related risks of crypto exchanges within the Mastercard network.

Mastercard already has a similar service with fiat currency transactions available to banks.

The president of cyber and intelligence business for Mastercard, Ajay Bhalla, said this development helps its partners stay compliant with local regulations when fighting fraud in the crypto space:

“The idea is that the kind of trust we provide for digital commerce transactions, we want to be able to provide the same kind of trust to digital asset transactions for consumers, banks and merchants.”

Banks and other Mastercard card issuers that use Crypto Secure will see color-coded risk ratings of crypto merchants, which represent the risk of suspicious or fraudulent activity connected to said merchant.

Crypto Secure is run by CipherTrace, a California-based startup for blockchain security that was acquired by Mastercard the previous year.

While the tool doesn’t make judgements for banks it provides another level of advisory on crypto transactions. Mastercard currently has around 2,400 crypto exchanges within its network.

Crypto payments are becoming more mainstream thanks to centralized payment processors like Visa and Mastercard. Last year Visa reported over $1 billion in crypto spending, while Mastercard has recently created new crypto payment options in countries such as Argentina and Indonesia.

However, as crypto continues to enter the public eye so does any fraud and crime related to the industry. According to Chainalysis data, 2021 marked a new all-time high in crypto crime with fraudulent wallet addresses receiving $14 billion. Open / Comment

2022-10-05 18:00:07 #1xBit #casino #slots

Sail the Sea With 1xBit and Find Pirate Gold

The sea is calling! Join the new 1xBit tournament by playing slot games from Betsoft, Belatra Games, and Play Pearls and earn points. Earn as many points as you can to earn your place at the high table and become one of the lucky winners who will get to share the tournament’s prizes.

The bounty to be shared is a 150 mBTC prize fund that 1xBit will divide among 8 consistent players. Everyone can join the party from October 4 to October 17, 2022.

1xBit offers you the best haven to play your favorite games, and let you go home with a bounty. With your email address alone, you are ready to become a new 1xBit member entitled to a Welcome Bonus of up to 7 BTC for the first four deposits

Join the Pirate’s Gold tournament before the ships reach their destination Open / Comment

2022-10-03 20:00:04 ​​Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO.

The crypto community chose to link the funds' withdrawal with Nexo's insolvency rumors due to the wallet's name — Nexo: 0x8fd.

Disclaimer: This article has been updated to reflect Nexo's response stating that the fund transfer represents an operational transfer, involving the move of funds from one Nexo address to another.

Just a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped Bitcoin (WBTC) — roughly worth $153M — from MakerDAO.

On Sept. 26, regulators from eight U.S. states filed a cease-and-desist order against Nexo under the allegations of offering unregistered securities to investors without warning. Moreover, Kentucky regulators accused Nexo of insolvency owing to liabilities exceeding assets when excluding Nexo.

Following suit, on Sept. 30, blockchain investigator Peckshield alerted the transfer of 7,758.8 WBTC from MakerDAO. One of the main reasons the crypto community chose to link the funds' withdrawal with Nexo's insolvency rumors is the name of the wallet — Nexo: 0x8fd.

As shown above, the total value locked (TVL) on MakerDAO has suffered a decline of 43.3% over the past year, which currently stands at $7.11 billion.

Transaction details show the transfer of DAI tokens worth $50.1 million from Nexo: 0x8fd to a null address (possibly a burn address) via DSProxy. As highlighted in the above screenshot, the transaction hash also confirms the transfer of $153.2 million in WBTC.

While the crypto community suspects wrongdoing, Nexo spokesperson told Cointelegraph that the funds remain in the publicly tagged Nexo wallet, adding that:

This routine transaction made yesterday represents a loan repayment in line with the latest market dynamics and as per the company’s standard treasury management.

Cointelegraph was also informed that the cited transaction was driven by Nexo’s operational needs at the time. "As a result, and again driven by the current market context, we expect the loan size at Maker to continue to fluctuate in correlation with market volatility," concluded the Nexo spokesperson. Open / Comment

2022-10-03 14:00:06 LBank Exchange is proud to announce that it now supports 145 fiat currencies. Continuous support of our users has solidified our top-20 rank on CoinMarketCap!

Register today on LBank and earn up to $255 by completing easy tasks.

Go! https://www.lbank.info/invitevip?icode=1D8UZ&lange=en-US Open / Comment