InvestmentTradingUpdates

2022-09-23 11:26:02 Tezos co-founder explains 11th upgrade: protocol designed to scale ‘without a hard fork’

As the eleventh upgrade to the decentralized open-source blockchain platform Tezos (XTZ) approaches, set to take place on September 23, the platform’s co-founder has addressed some of the main concerns about the event. Tezos co-founder Kathleen Breitman said that the platform was designed to upgrade “seamlessly and without the use of a hard fork,” as she told Bloomberg’s Emily Chang.

Explaining the extent of Tezos’ upgrades, she said that her company has a specific approach to innovation according to which regular upgrading allows updates to “happen piecemeal” and to avoid “boiling the ocean in one go.”. In terms of Tezos’ energy consumption and carbon footprint, Breitman said that the blockchain “has been proof-of-stake (PoS) since 2018, meaning it (…) has a lot less energy usage and a lot smaller carbon footprint than proof-of-work (PoW) networks such as Bitcoin.”

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2022-09-22 09:42:02 US Court Orders Tether to Provide USDT Backing Financial Records

Tether and Bitfinex were accused of causing over $1 trillion in damages to the cryptocurrency market. The lawsuit filed in 2019, which claims crypto exchange Bitfinex and its sister company Tether manipulated the crypto market to issue USDT to inflate Bitcoin’s price, has taken a new turn. United States District Court for the Southern District of New York has now ordered stablecoin issuer Tether.

Records with regards to crypto and stablecoin transfers by Tether with the timing of the trade execution will also need to be furnished. Tether’s motion to block the release of its financial records was dismissed by the presiding Judge even as the attorneys representing the stablecoin firm cited the entire process to be “incredibly overboard” and “unduly burdensome.” While further stating that the court is in no position to deny the relevance of the documents, Judge Katherine Polk Failla noted.

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2022-09-21 12:15:02 Colorado Residents Can Now Use Crypto to Pay Taxes

Residents of Colorado can now pay state taxes with cryptocurrencies using PayPal, according to the state's payment portal. Payment takes place through the PayPal Cryptocurrencies Hub and incurs additional fees. The plan to accept crypto for taxes was announced in February, with Gov. Jared Polis outlining plans to accept crypto.

The option allows residents to use crypto to pay for personal income tax, business income tax, severance tax and withholding tax, according to an Axios report that cites a speech given at Denver Startup Week. Whilst PayPal lets users deposit, withdraw and hold a variety of cryptocurrencies, the settlement of its crypto checkout service is in U.S. dollars. There's also a service fee of $1.00 plus 1.83% of the payment amount. Several other U.S. states, including Florida and Ohio, have tested accepting crypto for taxes.

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2022-09-20 14:18:05 Drop is live! Serie A's first ever digital video moments

You can now own Serie A’s video moment in NFT format for the first time on this link: https://bit.ly/3RJpzE0

Owning moments can unlock unforgettable experiences; tickets to Serie A games, VIP experiences, hundreds of signed jerseys, special digital moments and more.

Packs start from just $9 and make you the proud owner of 3-4 officially licensed Serie A moments. They’re available in Gold, Silver, and Bronze
Grab your pack, open it and then decide to own it forever or use the first ever football Markteplace to buy and sell moments to build your ultimate collection.
Our first challenge is also live. Unlock an exciting reward.
Project info:
Serie A first ever digital video moments is backed up by - AnimocaBrands and Dapper Lab
- 300M investment by Liberty
- Serie A’s official licensed

Join us on the channels below:
Discord :https://discord.gg/aera
Telegram:https://t.me/AeraByOneFootballOfficial
Twitter:@aera_football Open / Comment

2022-09-20 11:16:02 UK regulator says FTX has no authorization to operate in the country

The U.K. Financial Conduct Authority (FCA) said FTX operates within the country without authorization, the Financial Times reported on Sept 19. According to the FCA, those using FTX “will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS).

The financial authority has taken a hard stance against crypto and fintech companies operating without authorization, requiring all companies offering financial services to register. Earlier this year, the FCA expressed concerns over a deal involving a Binance subsidiary and financial service company, EQONEX. The regulator’s recent warnings about FTX are similar to earlier notices about Binance. Despite these warnings, the exchanges remain accessible in the U.K.

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2022-09-19 05:19:02 Ukrainian Supermarket Decided To Accept Crypto Through Binance Pay

Binance has recently announced that VARUS, a Ukrainian supermarket chain, will now accept crypto. It announced that it had recently partnered with the supermarket chain, and now that will facilitate crypto payments for customers buying groceries. This transaction would take place through Binance Pay Wallet. VARUS happens to be one of the largest grocery store companies in Ukraine.

VARUS believes that this partnership will now let the customers gain access to crypto payments, which could make delivery seamless and quicker. This feature of digital asset payment has now been made available in 9 cities, which are Kyiv, Dnipro, Kamianske, Kryvyi Rih, Zaporizhzhia, Brovary, Nikopol, Vyshhorod, and Pavlograd. After the completion of this step, users will be required to go to VARUS website and select the products they wish to purchase.

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2022-09-18 05:28:02 Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax

The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect.

The number of Indian user sign-ups soared on global crypto exchange Binance after a 1% tax deducted at source (TDS) went into effect in July, Bloomberg reported Tuesday. The number of Binance app downloads in India jumped to 429,000 in August, the publication added, noting that this number is the highest this year. In contrast, daily trading volumes at several major India-based cryptocurrency exchanges are reportedly down over 90% since the 1% TDS took effect.

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2022-09-17 05:28:02 Chicago Crypto Capital Employees Sued by SEC for Fraud & Unregistered Offering Sale

DeFi advisory firm. Chicago Crypto Capital and its three employees are being sued by the Securities Exchange Commission (SEC) for fraud and conducting an unregistered offering. The SEC has filed a lawsuit against Chicago Crypto Capital (sometimes called CCC), its owner Brian Amoah and two sales managers.

The company allegedly acted as unregistered broker-dealers and sold BXY tokens worth $1.5 million to approximately 100 investors from August 2018 to September 2019. The complaint alleged that they misled the investors, many of whom were beginners. They defrauded their investors about the way the token would be handled. The SEC also added that Young, one of the sales managers, had already entered a settlement.

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2022-09-16 11:46:02 SEC Chair Gensler reiterates that ‘most crypto are securities’ before US banking committee

The Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his belief that most crypto assets are securities in his testimony before the U.S. Senate Banking Committee on Sept. 15. According to Gensler, the offer and sales of these tokens fall under the securities laws.

Meanwhile, he noted that the commission would have to be “flexible” in applying the current law requirements. Gensler also said that crypto intermediaries, like centralized exchanges and DeFi, would have to register with the SEC to facilitate these securities transactions. According to Gensler, the entities’ registration would allow the regulator to delineate their function and possibly “disaggregate their functions into separate legal entities to mitigate conflicts of interest and enhance investor protections.”

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2022-09-16 09:35:14 Hey!

Would you like to explore the great world of crypto?

We are inviting you to the SimpleLearn edu app beta-testing group!

Join SimpleLearn chat, and and we will send an invite there once the first version of the app is ready! Open / Comment