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Showing posts from June, 2022

Argentinian Tax Agency Ramps Up Digital Wallet Seizures

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https://krakow3d.com/wp-content/uploads/2022/07/argentinian-tax-agency-ramps-up-digital-wallet-seizures.jpg The Argentinian Tax Agency, the AFIP, has ramped up the seizures of digital wallets of taxpayers in the country. The institution managed to seize more than 1,200 digital wallets of taxpayers that had debts and didn’t have a bank account, or other properties available to be collected by the courts. While the organization has yet to order crypto-related seizures, this could be possible in the future. Argentinian Tax Agency Seizes More Than 1,200 Digital Wallets Tax regulators around the world are becoming more and more aware of the different ways in which taxpayers can hide their funds to avoid paying taxes. The Argentinian tax agency, the AFIP, has been busy taking control of the digital wallets of debtors to the institution. These digital wallets are custodial services provided by fintech companies to third parties, that in some ways are not directly related to banks. The basis

Options traders bet on Las Vegas Sands

http://img.youtube.com/vi/VjspjaEmrio/0.jpg https://www.youtube.com/watch?v=VjspjaEmrio "Halftime Report" trader Jon Najarian spots unusual activity in the options market. Origina post from https://krakow3d.com/videos/options-traders-bet-on-las-vegas-sands.html

Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer

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https://krakow3d.com/wp-content/uploads/2022/06/report-claims-samsung-is-producing-3nm-asic-chips-speculators-assume-first-customer-is-a-bitcoin-mining-rig-manufacturer.jpg Jamie Redman Jamie Redman is the News Lead at krakow3d.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for krakow3d.com News about the disruptive protocols emerging today. Origina post from https://krakow3d.com/news/report-claims-samsung-is-producing-3nm-asic-chips-speculators-assume-first-customer-is-a-bitcoin-mining-rig-manufacturer.html

Risk of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum

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https://krakow3d.com/wp-content/uploads/2022/06/risk-of-significant-drawdowns-pushes-cypherpunk-holdings-to-sell-entire-stash-of-bitcoin-and-ethereum.jpg On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82 ethereum as Cypherpunk Holdings continues “to see systemic risks propagating” across the crypto economy. Cypherpunk Holdings Sells All of the Bitcoin and Ethereum on Its Balance Sheet Crypto winter has done a lot of damage since the bull run’s price highs, as more than $2 trillion has left the digital currency economy since the first week of November 2021. Today, the crypto economy is worth roughly $945 billion and bitcoin (BTC) is coasting along just above the $20K per unit range. BTC is down more than 70% from the all-time high ($69K) on November 10, 2021

Microstrategy Buys More Bitcoin After SEC Says BTC Is a Commodity — Company Now Hodls 129,699 Bitcoins

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https://krakow3d.com/wp-content/uploads/2022/06/microstrategy-buys-more-bitcoin-after-sec-says-btc-is-a-commodity-company-now-hodls-129699-bitcoins.jpg Microstrategy has purchased more bitcoin amid a heavy market sell-off. The announcement followed a clarification by the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, stating that bitcoin is a commodity. Microstrategy Buys the Dip The Nasdaq-listed software company Microstrategy has bought the bitcoin dip again. In a Wednesday filing with the U.S. Securities and Exchange Commission (SEC), the company declared that during the period between May 3 and June 28, it “acquired approximately 480 bitcoins for approximately $10.0 million in cash, at an average price of approximately $20,817 per bitcoin, inclusive of fees and expenses.” The filing adds: As of June 28, 2022, Microstrategy, together with its subsidiaries, held an aggregate of approximately 129,699 bitcoins. Overall, the company’s BTC “were acquired a

All indications are this is going to be a healthy earnings season, says Credit Suisse's Golub

http://img.youtube.com/vi/F71P4RlLqVI/0.jpg https://www.youtube.com/watch?v=F71P4RlLqVI Jonathan Golub, Credit Suisse chief U.S. equity strategist, and Alli McCartney, UBS Private Wealth Management, join 'Squawk on the Street' to discuss Mester's call for a 75 basis point hike in the Fed's July meeting, the negative tone on the sell-side research and more. Origina post from https://krakow3d.com/videos/all-indications-are-this-is-going-to-be-a-healthy-earnings-season-says-credit-suisses-golub.html

Biggest Movers: AVAX, SOL Slip by 14% on Wednesday, as Prices Near 1-Week Low

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https://krakow3d.com/wp-content/uploads/2022/06/biggest-movers-avax-sol-slip-by-14-on-wednesday-as-prices-near-1-week-low.jpg SOL was down by as much as 14% on Wednesday, as prices fell close to a one-week low earlier today. In addition to this, AVAX saw a similar decline, as the token dropped for a fourth consecutive session, with prices moving below $20. Solana (SOL) SOL was lower in today’s session, as prices fell for a fourth straight session following a false breakout of the $40 level. The world’s ninth largest cryptocurrency dropped to an intraday low of $34.24 in today’s session, which is its lowest point since June 23. Wednesday’s six-day low comes less than 24-hours after prices were trading at a peak of $39.71. SOL/USD – Daily Chart Despite today’s nearly 14% decline, SOL is currently only 3.9% lower than at the same point last week, when prices rose to a peak of $43. Looking at the chart, SOL/USD is currently trading at $34.27, however we could be set to see further declines

China Blockchain Alliance Executives: Virtual Currency the ‘Largest Ponzi Scheme in Human History’

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https://krakow3d.com/wp-content/uploads/2022/06/china-blockchain-alliance-executives-virtual-currency-the-largest-ponzi-scheme-in-human-history.jpg The chairman of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted in a recently published op-ed that virtual currency is “undoubtedly the largest Ponzi scheme in human history.” However, they have said the “value of blockchain technology should not be ignored because of virtual currency.” Opinion Piece Claims 90% of 100 Richest People Have Bad-Mouthed Virtual Currency The chairman of the Chinese Blockchain Service Network (BSN) Development Alliance, Shan Zhiguang, and executive director He Yifan, have said virtual currency is “undoubtedly the largest Ponzi scheme in human history.” They also claimed that this Ponzi scheme has since morphed into one that is “no longer just about cash.” In a recent opinion piece published by the People Daily Online newspaper, the BSN chairman and his col

Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’

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https://krakow3d.com/wp-content/uploads/2022/06/glassnode-report-says-bitcoins-2022-price-drop-represents-a-bear-market-of-historic-proportions.jpg The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current bear market “a bear of historic proportions,” while highlighting that “it can reasonably be argued that 2022 is the most significant bear market in digital asset history.” Glassnode Researchers: ‘Bitcoin Is Currently Experiencing the Largest Capital Outflow Event in History’ Many people understand that the crypto economy is currently in a bear market but no one knows where it will lead or when it will end. Bitcoin and the crypto economy, in general, have been through several bear markets and a recent Glassnode Insights report claims it just migh

Najarian: Options investors are betting on a continued rebound in China

http://img.youtube.com/vi/VyR2lnCxarY/0.jpg https://www.youtube.com/watch?v=VyR2lnCxarY MarketRebellion co-founder Jon Najarian discusses the outsized moves in Chinese stocks, and how the crypto sector may be ripe for M&A activity. Origina post from https://krakow3d.com/videos/najarian-options-investors-are-betting-on-a-continued-rebound-in-china.html

Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions

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https://krakow3d.com/wp-content/uploads/2022/06/goldman-sachs-downgrades-coinbase-to-sell-rating-analyst-says-firm-needs-to-make-cost-base-reductions.jpg Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes “Coinbase will need to make substantial reductions in its cost base.” Goldman Downgrades Coinbase, COIN Shares Down 83% From Price High Coinbase shares have suffered during the bear market as many crypto company stocks have lost considerable value during the last few months. When Coinbase first went public on April 14, 2021, the company’s shares were listed on Nasdaq via a direct listing under the ticker COIN . At the time, the Coinbase initial public offering (IPO) reference price was

FBI Arrests 2 Men Planning ‘Violent’ Robbery of Bitcoin Worth Millions of Dollars — They Face 20 Years in Prison

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https://krakow3d.com/wp-content/uploads/2022/06/fbi-arrests-2-men-planning-violent-robbery-of-bitcoin-worth-millions-of-dollars-they-face-20-years-in-prison.jpg The Federal Bureau of Investigation (FBI) has arrested two men who participated “in a violent plan to break into a family’s home in the middle of the night” to steal bitcoin worth tens of millions of dollars,” according to the U.S. Department of Justice. They could go to prison for 20 years. 2 Men Charged for Planning to Steal Bitcoin The U.S. Department of Justice (DOJ) announced Friday the unsealing of an indictment charging Dominic Pineda and Shon Morgan with a “plan to commit home invasion robbery for tens of millions of dollars in bitcoin.” The Federal Bureau of Investigation (FBI) arrested the two on Thursday in Virginia. U.S. Attorney Damian Williams detailed: The defendants participated in a violent plan to break into a family’s home in the middle of the night and force its residents to provide the code to what the def

Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It Paid

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https://krakow3d.com/wp-content/uploads/2022/06/reports-claim-russia-defaulted-on-foreign-debt-for-the-first-time-in-a-century-kremlin-disagrees-and-says-it-paid.jpg According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russia’s finance ministry denies the allegations and says the country made the payments via the Euroclear monetary system. Russia Is Accused of Foreign Debt Default, Moscow’s Finance Ministry Claims the Country Paid Bondholders Media reports are claiming that Russia has defaulted on its foreign currency debt for the first time in more than 100 years. Financial sanctions against the transcontinental country have made it difficult for Russia to access the international payment systems. On Sunday, a $100 million interest payment was allegedly missed after the U.S. Treasury blocked a method that allowed the Krem

NBC's Richard Engel speaks to Volodymyr Zelenskyy

http://img.youtube.com/vi/pKH_y7y6TaM/0.jpg https://www.youtube.com/watch?v=pKH_y7y6TaM CNBC's Shep Smith reports on the latest news from Ukraine and includes a clip from NBC's Richard Engel's interview with Ukrainian President Volodymyr Zelenskyy. Origina post from https://krakow3d.com/videos/nbcs-richard-engel-speaks-to-volodymyr-zelenskyy.html

Binance Announces New Payments Partner Amid Fiat Deposit and Withdrawal Suspension in Brazil

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https://krakow3d.com/wp-content/uploads/2022/06/binance-announces-new-payments-partner-amid-fiat-deposit-and-withdrawal-suspension-in-brazil.jpg Binance has chosen a new payments partner amid the suspension of direct fiat deposits and withdrawals in Brazil. The company stated it will now work with Latam Gateway, a payments processing company that has been in the payments intermediation business since 2019. Binance reported it would be working to normalize the fiat deposit and withdrawal situation shortly. Binance Partners With Latam Gateway for Payments Processing Binance, one of the leading cryptocurrency exchanges by volumes traded, has announced a new partnership to solve the problems it had been facing with fiat movements on its platform in Brazil. The exchange stated that it has enrolled the services of Latam Gateway, a payments processing company that will substitute its earlier partner, Banco Capitual. In a blog post, the exchange told that Latam Gateway has been a payments

SEC Chair Gensler Proposes ‘One Rule Book’ Crypto Regulation

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https://krakow3d.com/wp-content/uploads/2022/06/sec-chair-gensler-proposes-one-rule-book-crypto-regulation.jpg The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reportedly proposed “one rule book” for the regulation of crypto assets. “If this industry is going to take any path forward, it will build some better trust in these markets,” said Gensler. SEC Chairman Calls for One Rule Book for Crypto SEC Chairman Gary Gensler has proposed “one rule book” for the regulation of crypto, the Financial Times reported Friday. He is looking to strike agreements with other financial regulators, including the Commodity Futures Trading Commission (CFTC), to avoid gaps in the oversight of the crypto sector. He told the publication: I’m talking about one rule book on the exchange. The SEC chief elaborated that the rule should protect investors against fraud, front-running, and manipulation, in addition to providing transparency over order books. The rule book will ap

Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months

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https://krakow3d.com/wp-content/uploads/2022/06/iran-aims-to-roll-out-pilot-version-of-crypto-rial-within-2-months.jpg The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial. The monetary authority of the Islamic Republic hopes to initiate the pilot phase of the project within the next two months. Crypto Rial to Be Different From Cryptocurrencies, Central Bank Says Iranian authorities are taking the necessary measures to launch a pilot of the crypto rial as of the month of Shahrivar, according to the Persian calendar, which starts on Aug. 23, Governor of the Central Bank of Iran ( CBI ) Ali Salehabadi told reporters on Friday. Quoted by the English-language Iran Front Page news portal, the top executive emphasized that Iran’s digital currency will be different from the decentralized global cryptocurrencies. It is solely designed to “replace the banknotes that the people currently possess,” he noted. Salehabad

I do believe Roe will have an impact on the midterms, says RealClearPolitics' A.B. Stoddard

http://img.youtube.com/vi/XhETODVINr4/0.jpg https://www.youtube.com/watch?v=XhETODVINr4 A.B. Stoddard, RealClearPolitics associate editor and columnist, joins Shep Smith to discuss the impact the Supreme Court's decision to overturn Roe v. Wade will have on the midterm elections. Origina post from https://krakow3d.com/videos/i-do-believe-roe-will-have-an-impact-on-the-midterms-says-realclearpolitics-a-b-stoddard.html

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

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https://krakow3d.com/wp-content/uploads/2022/06/netherlands-based-coinbase-customers-required-to-submit-kyc-data-when-transferring-crypto-off-the-platform.jpg Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party wallet via Coinbase, they must identify the wallet owner’s name, the purpose of transfer, and the full residential address of the recipient. On June 27, Coinbase Says KYC Info Will Be Required in the Netherlands for Outgoing Crypto Transfers Dutch Coinbase customers may have a harder time sending funds to people with a third-party or non-custodial wallet if they don’t provide KYC information. Starting on June 27, 2022, Coinbase will require users from the Netherlands to provide KYC data if they plan to send