CryptoBitca

2023-07-19 17:00:08 ​ Exciting news, crypto enthusiasts!
Get ready for a breakthrough as bit.ly/golcoin is on its way to being listed on the highly acclaimed @gate_io exchange.
Get set for a fresh surge in the crypto sphere!
#CryptoListing #Gateio #Gateio10thAnniversary #GateioTurns10 Open / Comment

2023-07-16 20:03:18 Ethereum’s Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork

Nearly two years — precisely 23 months — have zipped by since the enforcement of Ethereum’s London hard fork, marking the implementation of Ethereum Improvement Proposal (EIP) 1559.

Current figures reveal a total of over 3.46 million ether has been burned since the London hard fork.

To give a sense of scale, the sum of $6.68 billion worth of ether burned could enable a person to purchase roughly 19,085 single-family homes, each estimated at an average price tag of $350,000.

Regular ETH transfers have contributed most significantly to the Ethereum reduction, incinerating nearly 300,000 ETH.

Transactions involving Tether have wiped out over 150,000 EACH, and combined, Uniswap v3 and v1 have caused the burning of more than 200,000 ETHNIC. Open / Comment

2023-07-09 20:03:11 Grayscale Adds Lido’s LDO Token to Defi Fund, Token Becomes Second-Heaviest in Fund’s Basket

On July 7, 2023, the digital asset manager Grayscale Investments published an update on three of its funds — the Digital Large Cap Fund, the Defi Fund, and the Smart Contract Fund. Although no new tokens were added to two of the funds, Grayscale revealed that it added Lido DAO’s native cryptocurrency and governance token, LDO, to the Defi Fund.

Grayscale Investments, the digital asset manager, announced its second-quarter 2023 update, which covers fund rebalancing and a new token addition to the Defi Fund.

LDO holds the second-largest weight in the fund’s portfolio of coins, with uniswap (UNI) being the largest, representing 45.46%.

LDO ranks as the 33rd largest market capitalization out of nearly 10,000 crypto assets within the crypto economy.

Looking at six-month statistics, LDO is down 1%, and it remains 73% lower than the all-time high recorded on August 20, 2021. Currently, with the inclusion of LDO in the fund’s portfolio, Grayscale’s Defi Fund’s assets under management (AUM) stand at $3,144,411 as of July 7. Open / Comment

2023-07-02 20:04:15 40% of South Africans Familiar With the ‘Concept of Web3’ — Study

Some 40% of South African survey participants are familiar with the concept of Web3 and a further 80% believe the technology backing cryptocurrencies can “transform or fully rebuild the financial system,” according to the findings of a Consensys survey. However, as much as 59% believe scams are among the main barriers stopping many from dabbling with cryptos. Just under half of the respondents (48%) named the crypto market’s volatility as one of the most significant barriers to entry.

Overall, the survey found that “there are high levels of awareness of all Web3 concepts” among interviewed South Africans.

However, when asked about the set of skills that one needs to participate in Web3, 43% of the respondents named financial trading as the most important prerequisite. Some 24% of the surveyed South Africans thought software engineering is the most important skill, while 17% identified marketing.

Meanwhile, the survey findings also suggested that half of South Africa’s population believes the financial system could be improved. An even larger proportion of the respondents said the technology to improve the financial system already exists.

On the regulation of cryptocurrencies or the lack thereof, 46% of the respondents said these must be “heavily regulated to ensure that traditional financial markets are not destabilized and that investors are protected.” Only 7% felt regulators need to let the industry self-regulate. Open / Comment

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2023-06-25 20:04:02 Binance’s ‘Provocative’ Motion Against SEC Could Expedite Criminal Charges, Warns Former SEC Official

The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned that Binance’s recent motion accusing the regulator of ethical violations could expedite criminal charges against the crypto exchange.

The former SEC official explained in a tweet Thursday that filed a motion on Wednesday asking the judge overseeing the SEC-Binance enforcement case to prevent SEC attorneys from making public statements asserting that Binance and CEO Changpeng Zhao (CZ) “have mishandled the assets of US-based customers.”

The crypto exchange claimed that the securities regulator “has not presented evidence of any alleged commingling” and argued that the watchdog’s publicly stating that Binance has mishandled customer assets “risks tainting the jury pool”. Open / Comment

2023-06-18 20:02:30 Russian President Putin Discusses End of US Dollar Dominance — Claims Russia Has No De-Dollarization Plan

Russian President Vladimir Putin has discussed the end of the U.S. dollar dominance, claiming that Russia has nothing to do with the USD’s downfall. “We have never had and do not have the goal of de-dollarization,” Putin also stressed, highlighting global trends that could lead to the end of the U.S. dollar.

The Russian president proceeded to discuss the U.S. government weaponizing the dollar and the potential consequences of the USD losing its dominance — a matter that has raised concerns among various individuals, including Treasury Secretary Janet Yellen. In April, the Treasury Secretary acknowledged the risk associated with using financial sanctions tied to the role of the dollar, stating that over time it could undermine the dollar’s hegemony. Open / Comment

2023-06-11 19:59:52 Report: Zimbabwean Crypto Trader Uses Recovery Phrase to Steal Digital Assets Worth $457K From Client

A Zimbabwean crypto dealer, Lloyd Chiyangwa, has been accused of siphoning more than $457,000 worth of assets from crypto wallets belonging to one of his clients, a report has said.

As per the report in the Herald, Chiyangwa’s client initially bought the digital assets in July 2020 from an unidentified United Kingdom-based company.

Although Chiyangwa is alleged to have committed the crime between Oct. 2021 and March 2023, the client only discovered the theft in May when he attempted to trade using the Trust Wallet.

Chiyangwa, who now faces theft and money laundering charges, is alleged to have used the stolen funds to buy two iPhones, a laptop, and a Mercedes Benz.

Meanwhile, in their submission against Chiyangwa’s bail application, prosecutors insisted that the crypto dealer, a holder of two passports and owner of two South African bank accounts that received part of the stolen money, is a flight risk and hence not a suitable candidate for bail. Open / Comment

2023-06-04 20:03:30 Europe Stocks Climb Higher after US Congress Approve Bill to Increase Debt Ceiling

Stocks in Europe and Asia have risen in response to the debt ceiling increase approved by lawmakers in the US.

Stocks in Europe opened higher today after the US Senate approved a bill to suspend the government’s debt ceiling. Following a 63-36 vote, US lawmakers agreed to raise the debt ceiling to prevent the country’s first-ever debt default. Congress has now sent the approval to President Joe Biden for assent.

As of 9:30 am London time this morning, the STOXX Europe 600 climbed 0.7% after crashing to its lowest point in two months only a few days ago. Oil and gas also increased by 1.3%, while mining stocks rose 2.6% higher. In addition, France’s CAC40 and Germany’s DAX both climbed 0.7%. So far, reactions to the debt ceiling suspension have been favorable even though the votes at the House of Representatives and Senate were not landslide victories. Open / Comment

2023-05-28 20:01:55 Rich Dad Poor Dad Author Robert Kiyosaki Says America Is Bankrupt Amid US Debt Crisis

Rich Dad Poor Dad author Robert Kiyosaki says America is bankrupt as lawmakers engage in lengthy negotiations over the debt ceiling. “Unfunded liabilities as Social Security are over $250 trillion,” he said as the U.S. faces a potential debt default.

“Politicians debating raising $30 trillion U.S. debt limit bad comedy, ‘Kabuki theater,’” Kiyosaki tweeted Wednesday, adding:

Facts are: U.S. bankrupt. Unfunded liabilities as Social Security are over $250 trillion. Financial market ‘derivative assets’ measured in quadrillions … thousands of trillions.

He then reiterated his usual recommendation of buying gold, silver, and bitcoin. The famous author previously explained that the three investments are “best for unstable times.”

In a follow-up tweet on Friday, Kiyosaki raised concerns about Germany’s recession, warning that the U.S. could fail next. Open / Comment