Droppers of btc

2023-12-06 18:49:02 Why Are Crypto Prices Skyrocketing? Ex-SEC Official Reveals Two Key Factors

Cryptocurrencies are on a tear, and everyone's wondering why. Former SEC enforcement chief John Reed Stark points to two pivotal reasons: a wild west of unregulated markets and the ever-enticing "greater fool theory."

Brian Armstrong, Coinbase CEO, envisions Bitcoin as a beacon for spreading Western values. Yet, amidst this optimism, the SEC faces heat for potentially misleading claims against a crypto firm, with a judge poised to drop the hammer of sanctions.

As the crypto world buzzes with anticipation for the Spot Bitcoin ETFs, big asset managers are lining up to get their share of Bitcoin. Stark criticizes the crypto frenzy, highlighting a lack of intrinsic value and a questionable track record of adoption and trust.

Despite the skepticism, investors, including high-profile figures and institutions, are doubling down on cryptocurrencies, especially Bitcoin. It's a financial drama unfolding in real-time, and all eyes are on how this digital asset saga will play out. Open / Comment

2023-12-03 18:06:01 Robert Kiyosaki Predicts a Financial Storm: Time to Buckle Up with Gold, Silver, and Bitcoin

Financial expert Robert Kiyosaki forecasts a massive market crash and tough times ahead. He advises on safeguarding assets with gold, silver, and Bitcoin ETFs for financial security and freedom.



The Market's Ticking Time Bomb: Kiyosaki's Dire Warning

Financial guru Robert Kiyosaki is sounding the sirens for what could be an economic maelstrom. With predictions of a market collapse that could mirror the Great Depression, Kiyosaki foresees "really hard times ahead" for millions.

Stash Your Assets in Safe Havens

In the face of impending doom, Kiyosaki isn't just spreading doom and gloom; he's offering a lifeline. His mantra remains consistent: invest in gold, silver, and Bitcoin. For those wary of direct cryptocurrency purchases, he suggests Bitcoin exchange-traded funds (ETFs), a move that's gaining traction as the U.S. Securities and Exchange Commission warms up to spot Bitcoin ETF applications.

Bitcoin: The Ultimate Financial Shield?

Kiyosaki hails Bitcoin as the "best defense" against economic upheaval. As hyperinflation looms, he sees cryptocurrency not just as an investment but as a means to lifelong "financial security and freedom." His message is clear: the time to act is now, before the window of opportunity slams shut.

Prepare for Lift-Off or Crash Landing

As we navigate these turbulent financial skies, Kiyosaki's advice could be the parachute you need. Will you take the leap into gold, silver, and Bitcoin, or will you brace for impact? The choice is yours, but remember, in Kiyosaki's world, preparation is key to survival. Open / Comment

2023-11-30 17:58:01 Hacker Seeks Civility in $47 Million Kyberswap Heist, Demands Friendly Negotiations

Five days ago, Kyberswap, a decentralized finance (defi) trading platform, fell victim to a cyber attack, resulting in a loss of $47 million. The team announced that its market maker, Kyberswap Elastic, had “experienced a security incident.” Since the attack, they have established communication with the perpetrator, and an onchain message indicates the hacker’s openness to negotiate the return of the funds.

Yet, the hacker claims to have faced unjust treatment and warns that if such circumstances persist, the team may need to postpone the negotiations to a later date. “Dear Kyberswap executives, employees, token holders, and LPs,” the hacker wrote. “I said I was willing to negotiate. In return, I have received (mostly) threats, deadlines, and general unfriendliness from the executive team. That’s ok, I don’t mind. I have prepared a statement concerning our (potential) treaty. I plan to release it on Nov. 30 at Noon UTC, sharp.”

The Kyberswap attacker added:

Under the assumption that I am treated with further hostility, we can reschedule for a later date, when we all feel more civil. You need only say the word. If not, we proceed as planned on Nov. 30. Thank you.

The hacker’s message gained momentum on social media platforms. One individual who circulated the message commented, “We need a professional negotiator it seems.” It appears that the negotiation process hit a snag following the disclosure of the bounty’s percentage and the mentioning of potential legal consequences for failing to respond. Nevertheless, should the Kyberswap team successfully foster a cooperative atmosphere and smooth out any issues, the attacker might announce positive news on Thursday at noon UTC. Open / Comment

2023-11-27 18:41:00 Hopeful Bitcoin Enthusiasts Anticipate a ‘Santa Claus Rally’ Echoing Past Holiday Season Surge

The term “Santa rally” is gaining popularity on social media platforms lBitcoin ike X, following BTC’s impressive surge of over 10% in the past month and a 128% rise in the past year. This concept, mirroring the stock market’s historic “Santa Claus Rally” where equities typically see a boost between Thanksgiving and Christmas, suggests a similar trend in bitcoin’s market value. Proponents cite two instances to support this theory.

On November 6, 2023, interest in this term soared to 92 out of 100 on Google Trends, then abruptly dropped to zero before climbing back to 80 just two days later. The search term again plummeted to zero, until November 17, when it recorded a score of 60. Yet, on November 20, the query peaked at a score of 100, the highest possible rating according to Google Trends.

Although there’s heightened interest, the likelihood of a rally might be more tenuous in the coming month. For example, December often sees diminished trading volumes, as traders shift their focus to holiday celebrations and family time. This pattern, well-known to market bears, was notably exploited in 2021.

Additionally dampening prospects for a Santa rally is the growing speculation that any significant rally may not materialize until next year, potentially aligning with the anticipated halving event. Typically, January emerges as a recovery month in trading circles, as the influence of year-end tax considerations tends to wane with the onset of the new year. Open / Comment

2023-11-24 18:18:02 US Prosecutors Urge Court to Keep Binance’s Ex-CEO in the Country Amid Flight Risk Concerns

A recent court filing reveals that U.S. prosecutors have petitioned Magistrate Judge Brian Tsuchida to ensure Changpeng Zhao’s (CZ) continued presence in the U.S. This request, lodged on Wednesday, aims to reassess the bond conditions set on November 21, 2023. The U.S. government articulates concerns about CZ being a “substantial risk of flight.”

Currently residing in Dubai, United Arab Emirates (UAE), CZ lives with his three children and partner. The prosecutors argue that the prospect of an 18-month jail term might tempt CZ to remain in the UAE with his family. The lack of an extradition treaty between the UAE and the U.S. complicates matters, making it challenging to secure his return in case of non-compliance with court directives.

Despite an initial agreement on a $175 million bail bond, prosecutors are now questioning its sufficiency. Under the proposed arrangement, “three responsible persons” were to secure $15 million in cash for the bail. While CZ faces potential imprisonment, there remains a possibility of avoiding it, akin to Bitmex’s former CEO Arthur Hayes. Open / Comment

2023-11-21 17:51:01 Singapore Unveils Plan to Ensure Seamless Financial Transactions Across Digital Asset Networks

Ravi Menon, the managing director of Singapore’s central bank, the Monetary Authority of Singapore (MAS), discussed digital assets at Singapore Fintech Festival last week.

Menon then provided details on the central bank’s strategy to build the new financial architecture via Project Guardian. He explained, “MAS and industry partners are tokenizing different asset classes with specific desired outcomes.” Additionally, he mentioned that the International Monetary Fund (IMF) is joining the Project Guardian policymaker group. The MAS established this policymaker group in October in partnership with Japan’s Financial Services Agency (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United Kingdom’s Financial Conduct Authority (FCA).

The central banker also discussed digital money. He explained that privately issued cryptocurrencies, central bank digital currencies (CBDCs), tokenized bank liabilities, and well-regulated stablecoins are “four contenders for digital money.” Noting that many crypto investors have “suffered significant losses,” he opined:

Cryptocurrencies have failed the test of digital money. They have performed poorly as a medium of exchange or store of value. Their prices are subject to sharp speculative swings.

“Wholesale CBDCs and tokenized bank liabilities can play the role of digital money and help to achieve atomic settlement,” stated Menon. Noting that well-regulated stablecoins can also “play a useful role as digital money,” he said the monetary authority has granted in-principle approval under the Payment Services Act to three stablecoin issuers: Straitsx SGD Issuance, Straitsx USD Issuance, and Paxos Digital Singapore. Open / Comment

2023-11-18 18:41:01 People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong

The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are conducting technical tests to bring a higher degree of integration of the digital yuan into Hong Kong’s economy. According to reports from Global Times, the institutions are already in the second integration phase, which contemplates the inclusion of more banks in Hong Kong to the system and the usage of the Faster Payments system to top up digital yuan wallets.

The integration of the Chinese central bank digital currency (CBDC) in the Hong Kong economy seeks to position the area as an international finance hub, as countries that are part of the Belt and Road initiative, a project to establish trading links between several countries of the world and China, have an increasing demand of investment projects and effective cross border payment solutions.

China had already announced it was moving to collaborate with Hong Kong to integrate its CBDC for mutual payments. During the Hong Kong Fintech Week, Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, revealed that the bank was considering the application of the digital yuan to settle commodities transactions, including natural gas, oil, and other services between Hong Kong and the mainland.

The digital yuan would be beneficial for companies to avoid paying high fees using traditional payment channels for these settlements, Di stressed. Open / Comment

2023-11-15 19:59:02 Spate of Robberies Targeting Swedish Bitcoiners Linked to the Country’s Unfit Privacy Laws

The robbers, who appear to target prominent Swedish bitcoin and crypto personalities, recently descended on the Stockholm residence of a middle-aged bitcoin-owning couple. According to a report in Aftonbladet, the four robbers physically assaulted, tied up, and even used knives to threaten the couple. The report added that one victim of the robbery had to be ferried to the hospital via ambulance helicopter.

The attack on the unidentified couple is said to be the third time that criminals attacked just days after the victims either live-streamed a bitcoin podcast or “mentioned bitcoin in a public context.” The robbers are also said to have used similar tactics in another home invasion that was reported in October.

Meanwhile, in a post on X (formerly Twitter), social media user Erica Wall linked the attacks to Sweden’s Offentlighetsprincipen or The Principle of Public Access to Information. According to Wall, this law, which is without precedent, “makes residential addresses and tax records public.” Open / Comment

2023-11-12 19:22:01 Onecoin ‘Compliance’ Head Pleads Guilty to Wire Fraud and Money Laundering Charges

Irina Dilkinska, the one-time head of legal and compliance at Onecoin, has pleaded guilty to “wire fraud and money laundering charges,” Damian Williams, the United States Attorney for the Southern District of New York, has said. In a Nov. 9 press release, Williams said the charges against Dilkinska relate to her role in organizing the transfer of $110 million in fraudulently obtained funds to a Cayman Islands entity.

In September 2023, Greenwood, who also served as Onecoin’s global master distributor and the leader of the MLM network, was sentenced to 20 years in a U.S. jail. Greenwood’s sentencing came just over five years after his arrest in Thailand.

Meanwhile, in remarks following Dilkinska’s guilty plea, Williams said:

“As Onecoin’s so-called ‘Head of Legal and Compliance’ Irina Dilkinska accomplished the exact opposite goal of her position. As she has now admitted, Dilkinska facilitated the laundering of millions of dollars of illicit profits Onecoin accrued through its multi-level marketing scheme.”

He added that officials from his office and the law enforcement partners will pursue the matter until all defendants including the fugitive Ignatova are brought to justice.

According to the press release, Dilkinska, a Bulgarian national, faces a maximum of five years in prison for the count of conspiracy to commit wire fraud. Open / Comment

2023-11-09 18:15:07 Report: Stablecoin Giant Circle Eyes 2024 Public Listing

Crypto firm Circle, the issuer of usd coin (USDC), the second-largest stablecoin by market capitalization, is reportedly contemplating going public in 2024.

Over the last 10 years, Circle has operated many businesses including providing retail investors access to bitcoin (BTC) and then transitioning into a market maker. In its most recent years, Circle has been issuing and managing the second-largest stablecoin, usd coin (USDC).

Circle attempted to go public via a special-purpose acquisition company (SPAC) deal but opted out in 2022. At that time, Circle’s estimated valuation was around $9 billion, while some estimates showed the valuation was closer to $4.5 billion.

In May 2021, Circle revealed the company obtained $440 million in financing from a number of strategic investors. After that, rumors of an initial public offering (IPO) started to circulate. In July 2021, there were talks about Circle planning to go public via a SPAC merger with Bob Diamond’s Concord Acquisition. Open / Comment