Crypto Sale

2022-09-23 16:00:08 Celebrate 10m Users with Bybit

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2022-09-23 15:00:05 ​​How BlockFi Went From Tech Unicorn to Crypto Burnout

Just 12 months ago, BlockFi was going places.

The crypto lender went down as one of the most rapidly growing startups in the industry amid a roaring bull market and a slew of outrageous valuations in 2021, raising hundreds of millions of dollars from blue-chip financiers including Bain Capital, Tiger Capital and Peter Thiel’s Valar Ventures.

It seemed, for some time, nothing could slow CEO Zac Prince’s meteoric rise. And few could have predicted what was to come: a sudden $250 million dollar bailout in June, orchestrated at the eleventh hour by Sam Bankman-Fried of FTX.

The essence of what went wrong, and why, hold crucial lessons not only for BlockFi, but for all cryptocurrency firms navigating the ups and downs of a market cycle, sources told Blockworks. In Prince’s case, his company’s near-collapse can be traced at least as far back as last year, when a series of critical — and sometimes questionable — management decisions left the lender on shaky ground. Open / Comment

2022-09-22 22:34:45 AMAZING NEWS

Leading fan token platform Bitci.com’s mainnet coin Bitcicoin will be listed on Gate.io !

Startup Activation: 09.23.2022 (UTC)
Listing Date: 09.23.2022 10.00 AM (UTC)

BİTCİCOIN

- Main net coin of Bitcichain network
- It binds all products and services offered in the Bitci Ecosystem
- Tokens of each project running on Bitcichain may easily be converted to Bitcicoin, may be traded in Bitcicoin Market or other markets on different exchanges
- Bitcicoin is tradeable as itself and for to buy fan tokens and Bitcicoin is tradeable as itself and for to buy fan tokens and It gonna be used in NFT and gaming project
- Its value is determined with current and future fan token projects developed on Bitcichain.


BİTCİCHAIN

- It is the blockchain infrastructure of Bitci Teknoloji that develops private brand tokens for companies and institutions
- Fan tokens of sports clubs such as Spain National Football Team, Brazil National Football Team, Rangers Football Club, MOTOGP, McLaren are developed over Bitcichain blockchain network.
- Loyalty tokens are created on Bitcichain for companies.
- Businesses can distribute the tokens to their users as a reward, discount or prepaid over the personalized digital accounts offered by Bitcichain.
- Bitcichain offers blockchain based smart contracts which are more secure and traceable= way in keeping your account in logistics & procurement
- Bitcichain supports web3 projects on Gaming,NFT's and Metaverse

To explore this amazing blockchain company

BİTCİCOIN IS AVAILABLE ON:

- XT
- MEXC
- LBank
- Big One
- Probit
- Biconomy
- Finexbox
- Bittrex
- Bitget
- BitMart

FOLLOW US ON SOCIAL MEDIA

TWITTER: @bitcichain Open / Comment

2022-09-22 13:04:37 Stylike x Fashion TV

Stylike; The first P2E Fashion app backed by Fashion TV

The opportunity to earn up to 0.5 BNB daily

Take pictures based on theme
Upload them in the game
Cash out your reward

CMC link:
https://coinmarketcap.com/currencies/stylike-governance/

Coingecko link:
https://www.coingecko.com/en/coins/stylike-governance

Join our community to learn more

https://t.me/stylike_io_official Open / Comment

2022-09-21 15:00:06 ​​Working Group to Develop Efficiency Standard for Crypto Mining in Russia

Crypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center operators offer investors increased hardware uptime.

Russia Prepares to Improve Efficiency of Mining Facilities in 2023
A group of crypto specialists have teamed up to elaborate a standard that should improve the overall efficiency of mining and in particular the use of energy to mint digital currencies. The set of rules and procedures will be designed to increase the time the expensive data processing equipment operates under optimal load which should result in higher profitability.

The standard, which is expected to be released for adoption in February next year, will be prepared by members of the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib), the cryptocurrency sector, and other associated industries, the Russian crypto news outlet.

The decision to establish the working group was announced at a crypto summit held in Moscow, during a presentation on the topic made by representatives of Racib, mining data center operator Vekus Mining Development and Yuri Kudryashov, director of Russia’s Research Institute for Sustainable Development in Construction.

The main purpose of the forum was to talk about the development of the digital environment and digital financial assets in general. Participants discussed the pending legalization of mining in Russia and other activities related to blockchain and cryptocurrencies, the introduction of central bank digital currencies, and the spread of tokenization. The summit also focused on education and security issues. Open / Comment

2022-09-19 16:30:01 ​Stax Gets Additional Backing From Stellar Development Foundation’s Fund

The Stellar Development Foundation's (SDF) Matching Fund has given Stax $500,000 to help it develop an affordable, global mobile wallet on the Stellar blockchain. Stax is a universal money app created by Hover Developer Services, Inc. It allows users across Africa to access their bank accounts and mobile wallets in one place without using mobile data.

Increased Consumer Access By Stax
By using automatic USSD codes, by leveraging USSD codes, Stax increases its consumers' access to digital financial services while enabling them to avoid the hefty fees associated with using mobile data. Given the difficulties associated with borderless payments, Stax wants to increase the usability of USD Coin (USDC), a fully-reserved dollar digital currency on Stellar.

For users who want a safe place to store their money, access international investment opportunities, and engage in borderless commerce. Through USDC on Stellar, Stax is making it easier to transfer money between countries in Africa and worldwide. Open / Comment

2022-09-17 16:00:06 ​Binance Summoned to Court in Italy over Outages Lawsuit Filed against Exchange

A court in Italy has asked Binance to appear in reference to a class-action lawsuit filed by investors seeking redress for several outages.

Binance is due to appear in court in Italy on Thursday to answer a class-action lawsuit filed against the exchange. A group of investors accused the cryptocurrency exchange of being responsible for losses incurred last year at crucial trading times. The investors are seeking damages, alleging that the platform’s outages caused the trading loss.

In November 2021, a group of Italian and international Binance users sued Binance and its CEO Changpeng Zhao. The accusers stated that the Binance platform went offline multiple times and locked users out of the exchange. The lawsuit noted that the outages prevented the investors from changing their trading positions, leading to losses worth “tens of millions”.

The suit also alleges that allowing Italians to trade leveraged futures on the Binance platform violates the country’s financial regulations. According to Francesco Dagnino, the managing director of Milan-based law firm Lexia Avvocati:

“It is absolutely clear that when you are selling a future, especially with that type of leverage, it doesn’t matter what the underlying asset is, it’s always a derivative and always a financial product.” Open / Comment

2022-09-14 13:45:00 ​​Crypto lending rates sink below the most secure US government debt

Cryptocurrencies are now at what appears to be a crossroads in a bizarre twist with the allure of Treasuries, which provide a comparable reward for a great deal less risk.

Interestingly, cryptocurrency yields, which institutions normally seek out, have just dropped below what the United States government pays to borrow money for three months, as per a Bloomberg report on September 13.

The Federal Reserve’s aggressive approach led interest rates to rise everywhere except in crypto, where yields have plunged with volumes and where confidence has been undermined by the collapse of the Terra (LUNA) project and the bankruptcy of crypto lenders like Celsius Network.

Chief executive officer of ANB Investments, Jaime Baeza, stated:

“Two years ago, interest rates in crypto were at least 10% and in the real world rates were either negative or near-zero. Now it’s almost the reverse, because yields in crypto have collapsed and central banks are raising rates.” Open / Comment

2022-09-12 13:30:00 ​​Report: East African Single Currency Unlikely to Be Introduced by 2024

There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this is member states’ delays in meeting targets as set out in the roadmap.

Central banks from an African economic union, the East African Community (EAC) are reportedly unsure if plans to introduce a single currency for the region by the year 2024 will be realized. The central banks cite some member states’ failure to meet targets as set out in the roadmap as one of the reasons why the single currency is unlikely to take off as planned.

As per a report in the East African, members of the six-nation East African Community hope that the envisaged common currency will help reduce the costs associated with converting currencies. There are also hopes the single currency, whose attainment is one of the EAC’s priorities for the period between 2022 and 2026, will eliminate the exchange rate volatility that comes with cross-border trading.

Meanwhile, in a communique reportedly released on August 22, the EAC confirmed that delays and other challenges meant the regional bloc cannot have a single currency by 2024 as planned.

“The Committee noted that there have been delays in realising targets set out in the EAMU East African Monetary Union roadmap and that there are several challenges that could further impede the timely implementation of EAMU protocol. Therefore, the Committee pledged to work with the EAC Secretariat and other stakeholders in the EAC integration process to fast-track pending activities of the EAMU roadmap,” the EAC communique explained.

Still, despite its acknowledgement that the process to establish a single regional currency has been beset by challenges, the EAC nonetheless claimed that partner states’ central banks had achieved some progress.

According to the East African report, some of the central banks’ achievements include the creation of the East African Monetary Union (EAMU) as well as the harmonization of forex and monetary policies.

Other achievements are said to be the harmonization of regulatory regimes, the improvement of cybersecurity frameworks, and the application of measures which strengthen payment systems. Open / Comment

2022-09-09 14:02:48 ​Tether lawsuit judge sets hearing to discuss Roche Freedman concerns

The federal judge presiding over the Tether class action has set a hearing for Oct. 3 to discuss requests made by parties involved to remove embattled law firm Roche Freedman from the case.

U.S. District Court Judge Katherine Polk Failla set an in person hearing around multiple requests from parties involved in the case.

"The parties shall come prepared to discuss the substance of the recently-submitted letters regarding Roche Freedman LLP, and any other relevant matters," Polk Failla said in her order setting the hearing date. Two of those letters came from defendants Tether, Bitfinex, Poloniex and Bittrex, who face allegations of colluding in market manipulation to the detriment of traders. Open / Comment