Crypto for Dummies

2022-05-21 21:57:00 Bankers' Adventure in El Salvador: "Financiers" Positive on BTC Prospects

44 representatives of financial institutions from around the world are coming to El Salvador. They arrived here for a major conference, but also decided to check out how cryptocurrency works at the micro level.

"Several heads of central banks asked me to meet with their teams," said Nicholas Berti, co-founder of Galoy Money.

This very company is behind the development of the Bitcoin Beach app, which started the integration of cryptocurrency in El Salvador.

The bankers paid a visit to a local celebrity, Mama Rosa. In 2019, her store became the first in the city to begin accepting bitcoins as a means of payment.

One major banker was even able to buy a coconut for BTC from a local resident. After all, what is this if not a victory for the technological revolution? Открыть/Комментировать

2022-05-21 16:00:10 BitMEX CEO Arthur Hayes faces 12 months in prison

In February, Hayes, as well as his colleagues, pleaded guilty to one count of violating the Bank Secrecy Act (BSA). In early May, he asked the court for leniency.

The 65-page "appeal" also included an appeal from the disgraced investor's mother. The defense asked for commutation of the real term to probation with the right to travel abroad.

The prosecution insisted on the maximum penalty. According to prosecutors, Hayes and the co-founders of BitMEX knowingly failed to comply with the Anti-Money Laundering (AML) program. As a result, the exchange has become a "hotbed of crime." Открыть/Комментировать

2022-05-21 14:03:00 Singapore court bans sale of NFT from BAYC collection due to ownership dispute

Singapore's Supreme Court has issued an injunction against the disposal of a rare token from the Bored Ape Yacht Club collection. The former owner was able to assert his right to the NFT, setting a precedent for future litigation.

The crux of the case is that the lender illegally withheld the token, which had previously been left as collateral. Открыть/Комментировать

2022-05-20 22:29:47 I earn from $3000 by buying pictures

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2022-05-20 17:03:00 Lawyers flee Terraform Labs amid UST collapse

The UST collapse has hurt Do Kwon's company. In addition to fleeing investors and increased scrutiny from the authorities, his firm now faced a wave of layoffs.

The first to pack their bags were members of the legal department. In recent days, General Counsel Marc Goldich, General Counsel Lawrence Florio and Regulatory Counsel Noah Axler have filed their own resignations.

“The past week has been challenging for Terraform Labs, and a small number of team members resigned in recent days,” said a spokesperson for the company. “The vast majority of team members remain steadfastly committed to carrying out the project’s mission. Terra is more than UST, with an incredibly passionate community and a clear vision on how to rebuild. Our focus is now on executing our plan to revive the Terra ecosystem.” Открыть/Комментировать

2022-05-20 14:03:00 G7 summit to discuss the further plans on cryptocurrencies

The recent cryptocurrency crash has forced the world's regulators to think and move on to more concrete solutions. Now they will discuss them at G7 summit.

Recall that the coalition includes the U.S., Canada, Japan, Germany, France, Italy, and the UK.

Central bank governors and finance ministers of the G7 will discuss primarily regulatory issues. That is, everything to do with laws and taxes. Открыть/Комментировать

2022-05-19 21:03:01 Voting for the launch of the Terra 2.0 blockchain has begun.

It's worth noting that users viewed the preliminary poll negatively, but now more than 89% of those who voted are in favor of the fork. Of course, thanks to the alternative is to shut down the project!

If the proposal is successful, there will be a final snapshot of the Terra Classic network in block 7790000 (May 27, 2022 at 03:59:51+08:00), and a new network will be created. Открыть/Комментировать

2022-05-19 20:00:17 2015: Ethereum is a "failed project" with failing technology. The coin is worth $0.5

2017: Seems to be a successful project. The price is already $500.

2020: Already $1,400

2021: Why didn't you buy it right away! One Ethereum coin is now worth $3,700 USD!

Does that mean that you could have made 795,000 USD out of 100 USD?

Yes, that's right. It seems that there won't be such opportunities anymore, but that's not true. Today there are HUNDREDS of these opportunities. Every day, there are dozens of companies, coins, and currencies that are growing even faster than Ethereum. And all you have to do to notice them is to read the "Crypto in" channel.

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2022-05-19 17:03:00 Lottery for a chance to fly into space: Launch Pass

Uplift Aerospace - another player flew into the metaverse, launching this week a Launch Pass collection of 10921 NFTs. Each one costs just 0.17 ETH, and owning them gives you an exclusive chance to win a flight into space. A team of experts will analyze each entry and choose a lucky winner.

And if you're not lucky, that's no reason to get upset. Each token can be transformed into a Starborn avatar and used in the Space+ metaverse. So if you're not in physical space, you'll definitely be in virtual space. Открыть/Комментировать

2022-05-19 16:03:00 Now, making money no longer requires manual labor, and everyone can make money by mining with Polkadot cloud mining machines.Sign up now and earn 18 DOT. Small investment, big return, up to 5%-30% income per day.Registration link:  https://dotmining.club Открыть/Комментировать