UK NAO Criticizes FCA Over Delayed Action on Crypto Sector

Balita ng Ethereum ng Bitcoin  The NAO asserts that the lack of dedicated crypto staff is to blame.  The FCA took longer than anticipated to register crypto-asset enterprises as per NAO.  The United Kingdom‘s National Audit Office (NAO) has voiced doubts over the FCA’s ability to effectively oversee the cryptocurrency market.  According to the NAOs latest report, “Financial services regulation: adapting to change,” the FCA is allegedly dragging its feet when it comes to responding to and prosecuting illegal activity inside the cryptocurrency sector.  Lack of Dedicated Crypto Staff  According to the NAO, the FCA waited almost three years before taking action against the illicit operators of cryptocurrency ATMs. According to reports from July, 26 cryptocurrency ATMs were taken down in the UK by the FCA as part of a coordinated probe.  However, according to the NAO:  Bagamat ang FCA ay nag-aatas sa mga crypto-asset firms na sumunod sa mga regulasyon laban sa money laundering mula noong Enero 2020, at sinimulan ang gawaing pangangasiwa kabilang ang pakikipag-ugnayan sa mga hindi rehistradong kumpanya, hindi ito nagsimulang magsagawa ng pagkilos laban sa mga ilegal na operator ng mga crypto ATM hanggang Pebrero 2023.  The NAO asserts that the lack of dedicated crypto staff is to blame for the FCAs sluggish processing

2023-12-11Industriya

Bitcoin’s vulnerabilities now being tracked by the United States

Balita ng Ethereum ng Bitcoin  The United States has taken a keen interest in the cybersecurity aspects of Bitcoin, particularly focusing on a vulnerability that emerged with the Ordinals Protocol in 2022.  The National Vulnerability Database (NVD), under the watch of the National Institute of Standards and Technology (NIST), a branch of the U.S. Department of Commerce, has flagged this issue for public awareness.  This move underscores the increasing attention that government agencies are paying to the security dimensions of cryptocurrencies.  Uncovering the vulnerability  At the heart of this development is a specific vulnerability within Bitcoins infrastructure, identified in certain versions of Bitcoin Core and Bitcoin Knots. This flaw allows for the bypassing of the datacarrier limit by disguising data as code.  In real-world terms, this means that the Bitcoin network could be spammed with non-transactional data, potentially clogging the blockchain, which in turn could impact its performance and transaction fees. This is not just a theoretical concern; the issue has been exploited, as seen with the Ordinals inscriptions in 2022 and 2023.  Ordinals, which gained popularity in late 2022, involve embedding additional data onto a satoshi, the smallest Bitcoin unit. This can range from images to text, making each satoshi unique and similar in concept to

2023-12-11Bitcoin

Inihayag ni Vladimir Putin ang kanyang mga alalahanin tungkol sa Western financial system

Russian President Vladimir Putin recently shared his views on the Western financial system, characterizing it as “decades-old” and predominantly controlled by the dollar and euro. His remarks, made during the “Russia Calling” forum in Moscow, shed light on the evolving dynamics in the international economic landscape.  Vladimir Putin piles into the current western financial system  Vladimir Putin highlighted a discernible shift toward transactions in national currencies, signaling a departure from the established reliance on Western banks and the SWIFT system. This transition, according to Putin, is an ongoing process gaining momentum. The presidents critique of the Western financial infrastructure focused on its technological obsolescence, attributing this decline to complacency and an ingrained resistance to change.  From Vladimir Putin‘s perspective, the Western financial system’s exceptionalist nature, coupled with a lack of viable alternatives, contributed to its reluctance to adapt. This, he argued, has rendered the system archaic and poised for obsolescence. His vision for the future entails creating a new, genuinely democratic financial model characterized by honest competition among economic players. Vladimir Putin anticipates a changing global economic landscape and the emergence of new leaders as part of an objective and predictable process.  This vision aligns with a broader trend of nations seeking alternatives to

2023-12-11Industriya

BONK Rallies 150%, Outperforms DOGE, SHIB, PEPE and FLOKI

During the past week, Solana-based memecoin Bonk has emerged as the standout performer among rivals. The digital asset saw a remarkable 150% increase in value, surpassing the gains of Dogecoin, Shiba Inu, Pepe, and Floki Inu, ultimately reaching an all-time high.  This price movement has pushed it to the third-largest dog-themed memecoin by market capitalization behind only Dogecoin and Shiba Inu.  Driving Factors Behind Bonks Surge  Bonk was launched last year and enjoyed high attention earlier in the year before interest waned. However, the memecoin has recently experienced renewed interest, pushing its price beyond previous heights.  The recent BONKs value spike can be attributed to several key factors. Notably, its listing on major cryptocurrency exchanges like Binance and KuCoin has been a significant catalyst in the upward movement.  Top 10 Memecoins by Market Capitalization.  Traditionally, exchange listings trigger price surges ahead of the actual listing date. However, in the case of BONK, KuCoin‘s listing came with additional promotional incentives as the exchange offered rewards of up to $58,000. On the other hand, Binance’s listing of BONK derivatives contracts brought the memecoin to more crypto traders.  Furthermore, the optimism surrounding the Solana ecosystem has also contributed to BONK‘s momentum. SOL itself has been a standout altcoin performer this

2023-12-11Industriya

Ethereum: Are whales moving away from ETH?

Institutions remain keen  However, the Grayscale Ethereum Trust premium gap, previously at -59.49% in December 2022, narrowed due to institutional buying, positively impacting ETHs trajectory.  The Grayscale Ethereum Trust premium gap refers to the difference between the market price of Ethereum (ETH) and the price at which the Grayscale Ethereum Trust (ETHE) shares are valued.  A negative premium indicates that ETHE shares are trading below the market value of ETH. In December 2022, the premium gap was at -59.49%, suggesting that ETHE shares were significantly undervalued compared to the actual price of ETH.  Makatotohanan o hindi, narito ang market cap ng ETH sa mga tuntunin ng BTC  The narrowing of this premium gap is attributed to institutional buying, which means that institutional investors were acquiring ETHE shares.  When institutions invest in trust products like Grayscale, it often reflects confidence in the underlying asset, in this case, Ethereum.

2023-12-11Ethereum

Institutions Ignoring Altcoins, Betting on Bitcoin: Bybit Research

Balita ng Ethereum ng Bitcoin  According to research by Bybit, institutional traders have expressed a significant bullish sentiment towards Bitcoin, mixed sentiments regarding Ether, and a general air of skepticism towards altcoins.  From December 2022 to September 2023, the study provides an insightful look into trading behaviors and asset allocation amidst significant market fluctuations.  Institutional Traders Favor BTC, Moving Away from Alts  The study reveals a significant shift in the institutional traders approach to major cryptocurrencies. Bitcoin holdings among this group saw a substantial increase, doubling in the first three quarters of 2023.  September marked a turning point, with half of institutional traders portfolios allocated to Bitcoin. This aligns with the positive market sentiment towards the primary crypto, fueled by expectations of regulatory advancements and the potential approval of a Bitcoin ETF.  In contrast, Ethers appeal has reduced post-Shapella in April, with a decreased holding percentage across most traders. However, a surprising surge in Ether holdings by institutional traders was noted in September, suggesting a broader upbeat sentiment towards cryptocurrencies.  Stablecoins presented a different picture. Retail traders consistently preferred them, particularly in uncertain market conditions. On the other hand, institutional traders displayed a strategic shift, reducing stablecoin holdings in bear markets, possibly indicating adept market timing.  This contrast

2023-12-11Bitcoin

See What Caused a 68% Jump in Revenue

According to Near Blocks, transactions on the NEAR Protocol blockchain saw an unexpected surge between December 1st and 2nd. As of November 29th, the total transaction count on NEAR was 1.84 Million. However, at press time, the same metric indicated a more than 12-fold increase within a few days.  Why the NEAR Protocol Transactions Spiked  The sudden spike in transactions came after NEAR became the latest Layer-one (L1) blockchain with inscriptions on board. On November 28th, NEAT notes first appeared on the NEAR blockchain. The NEAT Inscription team described it as a new standard for launching public tokens on the network during the launch.  NEAT also created its own NRC-20, the fungible side of its inscriptions, just like Bitcoins BRC-20. 100% of the total NRC-20 assets have been minted and burned.  Because of the increase in activity, NEAR gained $173,000 in fees, explaining the 68% jump in revenue, according to Token Terminal.  NEARs Social Volume has also been affected. The Social Volume is tracked by the on-chain analytic platform Santiment. It is the total number of searches or messages connected to a project.  Indian Entertainment Giant Collaborates with NEAR  In addition, Shemaroo Entertainment Limited has introduced ShemarooVerse, a public metaverse. “With the launch of ShemarooVerse, a digital

2023-12-11Industriya

Ang Cryptocurrency Exchange ay Tumigil sa Mga Operasyon sa Buong Mundo ⋆ ZyCrypto

On November 20, the cryptocurrency exchange Bittrex Global, based in Liechtenstein, abruptly announced that it would cease all its operations worldwide starting Monday, December 4, 2023.  According to the statement posted on its website, Bittrex Global will halt all trading activities on its platform and will only allow fund withdrawals after December 4, urging users to withdraw their funds in full before that date.  Ikinalulungkot namin na ipaalam namin sa iyo na nagpasya ang Bittrex Global na ihinto ang mga operasyon nito.  Epektibo sa Lunes, Disyembre 4, 2023, ang lahat ng aktibidad sa pangangalakal sa Bittrex Global ay idi-disable. Pagkatapos ng petsang iyon, makakapag-withdraw lang ng mga asset ang mga customer bilang bahagi ng…  Bittrex Global Suspends Operations Amid Regulatory Scrutiny  The closure of Bittrex Global comes nine months after its U.S. subsidiary filed for Chapter 11 bankruptcy in Delaware, following the announcement of ceasing operations in the U.S. after being accused by the Securities and Exchange Commission (SEC) of operating without registration.  In April, the SEC accused Bittrex and its co-founder and former CEO, William Shihara, of unlawfully running an unregistered securities exchange, allegedly generating around $1.3 billion. This resulted in a fine that Bittrex agreed to pay in August, amounting to $24 million for

2023-12-11Industriya

Pagbuo ng Perpektong Portfolio -Ang Exposure sa 5 Coins na Ito ay Garantiyang Makakakuha

Throwing Bitcoin into your portfolio is like having the heavyweight champ on your team. It‘s the OG of cryptos, battle-tested and known everywhere. It’s not the fresh face in town, but its got that resilience and a history of bringing in gains.  Bitcoin is the anchor that can keep your crypto journey steady. In a world full of unknowns, snagging some $BTC is like grabbing your slice of the crypto legacy – a no-brainer move for any investor ready to ride the waves with a swagger.  Ethereum: The MVP Must-Have  Thinking about spicing up your crypto lineup? Ethereum is like the MVP that you have to have on your team. Its the OG of smart contracts and decentralized apps, basically shaping the whole crypto scene.  So, if you‘re on the lookout for a good crypto to buy, Ethereum’s a no-brainer. It‘s been holding its own, and with Ethereum 2.0 in the works, it’s in it for the long haul. Whether youre a pro or just starting, tossing in some $ETH gives your crypto game that extra oomph.  Binance Coin: Your Swiss Army Knife Buddy  Adding Binance Coin to your portfolio is a smart move. Its like a Swiss Army knife that slices down your trading fees

2023-12-11Industriya

Binaba ng Bitcoin ang $44k, InQubeta at Fetch.AI rally

Pagbubunyag: Ang artikulong ito ay hindi kumakatawan sa payo sa pamumuhunan. Ang nilalaman at mga materyales na itinampok sa pahinang ito ay para sa mga layuning pang-edukasyon lamang.  Bitcoin recently crossed $44,000, a significant milestone for the crypto this year. This surge is attributed to positive indicators regarding U.S. interest rate cuts and the expectation of a Bitcoin ETF approval.  The upward trend suggests a revitalized crypto market after the previous years challenges.  Alongside the rise of Bitcoin, altcoins such as InQubeta (QUBE) and Fetch.AI (FET) have benefited from the positive market sentiment.  InQubeta reshaping AI tech investments  InQubeta integrates AI with blockchain, thereby attracting the attention of investors and traders alike.  Its approach to democratizing AI startup investments has opened up new avenues for investors seeking to capitalize on the potential of AI-driven ventures.  The platform enables participation in crypto AI startups through NFTs, breaking down barriers and making such investments more accessible to a broader audience.  At the heart of InQubeta‘s mission lies QUBE, a deflationary ERC-20 coin. Its governance feature empowers investors to actively shape the platform’s direction, aligning with the core principles of decentralized finance.  InQubetas roadmap envisions the development of an NFT marketplace and cross-chain expansion by 2024. Moreover, its smart contracts have been

2023-12-11Industriya
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