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Showing posts from December, 2022

Bankrupt Crypto Exchange FTX to Start Letting Customers in Japan Withdraw Funds

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https://krakow3d.com/wp-content/uploads/2023/01/bankrupt-crypto-exchange-ftx-to-start-letting-customers-in-japan-withdraw-funds.jpg FTX customers in Japan will soon be able to withdraw their funds that are currently frozen due to the bankruptcy process. Two FTX-owned crypto exchanges, FTX Japan and Liquid, are developing a system to allow withdrawals by mid-February. FTX’s Japanese Customers Can Withdraw Funds Soon Two FTX-owned cryptocurrency exchanges in Japan — FTX Japan and Liquid — jointly announced Thursday that their users will be able to withdraw funds by mid-February. The two crypto exchanges announced: For the assets entrusted to us by our customers at FTX Japan and Liquid Japan, we are proceeding with system development so that withdrawals will be possible from the Liquid Japan website. To withdraw funds, FTX Japan’s customers will need to open an account with Liquid and transfer their assets to the Liquid platform. The exchanges plan to allow withdrawals by mid-February, ac

China’s Digital Yuan Little Used, Former Central Bank Official Says

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https://krakow3d.com/wp-content/uploads/2022/12/chinas-digital-yuan-little-used-former-central-bank-official-says.jpg Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being employed only as a substitute for cash, the banker believes. Common People Used to Cash and Cards, Ex-PBOC Executive Notes Usage of China’s central bank digital currency ( CBDC ) has been “low, highly inactive,” according to Xie Ping, former director-general of research at the People’s Bank of China (PBOC). Ping made this observation at a conference devoted to digital finance. “The cumulative circulation of the digital yuan in the two years of the trial has been only 100 billion yuan” ($14 billion), he detailed, quoted by the financial news outlet Caixin and Reuters. In his view, the application of the digital yuan needed to

Bonds may be down, but they're not out, says GH&A's Gilbert Garcia

http://img.youtube.com/vi/YBUCJRK4cts/0.jpg https://www.youtube.com/watch?v=YBUCJRK4cts Gilbert Garcia, Garcia & Hamilton Associates, joins Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss the bond market and whether it'll make a comeback in the coming year. Origina post from https://krakow3d.com/videos/bonds-may-be-down-but-theyre-not-out-says-ghas-gilbert-garcia.html

BMW Partners With Coinweb to Develop Blockchain-Based Vehicle Financing Automation and Loyalty Program in Thailand

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https://krakow3d.com/wp-content/uploads/2022/12/bmw-partners-with-coinweb-to-develop-blockchain-based-vehicle-financing-automation-and-loyalty-program-in-thailand.jpg BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle financing processes, and also a rewards program for customers of the automotive company adapted to compliance processes in Thailand. BMW to Introduce Blockchain to Its Operations More companies are introducing blockchain processes as part of their operations due to the ostensible reliability of the tech and how it can help save on costs. On Dec. 29, BMW, the German car manufacturer, announced a partnership with Coinweb, a layer 2 (L2) blockchain interoperability protocol, to introduce blockchain-based processes to its operations. This alliance contemplates two different tasks. The first includ

‘Ethereum Killers’ Managed to ‘Kill’ Themselves in 2022 Rather Than Beat the Smart Contract Economy’s Heavyweight Champ

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https://krakow3d.com/wp-content/uploads/2022/12/ethereum-killers-managed-to-kill-themselves-in-2022-rather-than-beat-the-smart-contract-economys-heavyweight-champ.jpg At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes to an end, statistics show that none of the so-called ‘Ethereum killers’ have surpassed the leading smart contract platform token, and a number of these tokens have lost considerable amounts of value during the crypto winter. Ethereum Outperformed Its Competitors in terms of Market Cap, Decentralized Finance Action, and Non-Fungible Token Sales On Dec. 23, 2021, the top smart contract platform coins held an overall valuation of around $823 billion and at that time, ethereum’s ( ETH ) market capitalization represented 59.42% of the aggregate. Today, on Dec. 30, 2022 , the crypto economy’s top

Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability

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https://krakow3d.com/wp-content/uploads/2022/12/venezuelan-banking-watchdog-to-oversee-crypto-transactions-to-preserve-currency-stability.jpg Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the situation in peer-to-peer (P2P) crypto markets to the recent drop in the value of the bolivar. Venezuelan Government to Monitor Crypto Transactions The Venezuelan government is aiming to monitor the the movements of crypto-based P2P exchanges to protect the value of the bolivar. On Dec. 20, the Venezuelan banking watchdog Sudeban explained that it is in the process of designing a system to monitor banking transactions in real-time, with the help of Sunacrip, the national cryptocurrency regulator. While no more details were offered, the organization explained the objective is to “fight the irregular practices t

It's going to take several months for Covid to work through China, says AEI's Scissors

http://img.youtube.com/vi/Q7-fephop6I/0.jpg https://www.youtube.com/watch?v=Q7-fephop6I John Rutledge, Safanad, and Derek Scissors, the American Enterprise Institute, joins CNBC's Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss China's reopening and how Covid is hammering the country right now. Origina post from https://krakow3d.com/videos/its-going-to-take-several-months-for-covid-to-work-through-china-says-aeis-scissors.html

Kevin O’Leary’s Twitter Account Hacked to Promote Bitcoin, Ethereum Giveaway Scam

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https://krakow3d.com/wp-content/uploads/2022/12/kevin-olearys-twitter-account-hacked-to-promote-bitcoin-ethereum-giveaway-scam.jpg Shark Tank star Kevin O’Leary’s Twitter account was hacked Thursday and used to promote a bitcoin and ethereum giveaway scam. The scammers claimed that Mr. Wonderful is giving away 5,000 bitcoin and 15,000 ether, and anyone can participate. Kevin O’Leary’s ‘Fake’ Bitcoin and Ether Giveaways The official Twitter account for Shark Tank star Kevin O’Leary, aka Mr. Wonderful, started promoting bitcoin and ethereum giveaways Thursday morning. The account tweeted claiming that O’Leary has made a lot of money from crypto over the last few years and he has decided to give away 5,000 bitcoin and 15,000 ether. The tweet also provides a link for anyone to join the cryptocurrency giveaway scam event. The O’Leary Twitter account further claimed that it is not hacked and the giveaways are not a scam. It also falsely claimed that Mr. Wonderful said on CNBC last night that

2 Bitcoin Mining Pools Command More Than 53% of BTC’s Total Hashrate

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https://krakow3d.com/wp-content/uploads/2022/12/2-bitcoin-mining-pools-command-more-than-53-of-btcs-total-hashrate.jpg Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week, to above the 300 exahash range after a number of bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022. Furthermore, three-day hashrate distribution statistics recorded on Dec. 29, 2022 indicate that two mining pools command more than 50% of the global hashrate. 2 Mining Entities Currently Produce More Than 50% of the Global Hashrate, Bitcoin Mining Difficulty Expected to Decline Significantly in 5 Days The computational processing power behind the Bitcoin ( BTC ) network ramped up to the 300 EH/s range on the evening of Dec. 28, 2022. Three days before the rise, BTC ’s hashrate slid to a low of 170 EH/s on Dec. 28, 2022, when bitcoin miners from Texas curtailed their hashpower to relieve the grid from any excess load. Most of the SHA256 hashpower ret

Why have semiconductors gone from a shortage to a glut?

http://img.youtube.com/vi/v-i54N_S3LM/0.jpg https://www.youtube.com/watch?v=v-i54N_S3LM T.J. Rodgers, former CEO of Cypress Semiconductors, joins Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss how we've gone from not having enough semiconductors to having a glut of the technology. Origina post from https://krakow3d.com/videos/why-have-semiconductors-gone-from-a-shortage-to-a-glut.html

Gold-Based Digital Assets Issued in Russia

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https://krakow3d.com/wp-content/uploads/2022/12/gold-based-digital-assets-issued-in-russia.jpg A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first. Russia’s Sber Bank Mints Gold-Backed Coins Sber, Russia’s largest bank, has reported issuing gold-based digital financial assets (DFAs) on its proprietary blockchain. The coins were minted for Solfer, a holding specialized in the processing and trading of metals and making products from precious metals. The Russian law “On Digital Financial Assets,” which entered into force in January, 2021, allows companies to tokenize various assets. Sber Bank is one of three “information system operators” authorized by the Bank of Russia to issue DFAs, alongside Atomyze and Lighthouse . The latter conducted Russia’s first DFA issue in Ju

Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas

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https://krakow3d.com/wp-content/uploads/2022/12/bitcoin-miner-argo-blockchain-sells-helios-facility-to-galaxy-digital-for-65-million-galaxy-to-host-argos-asic-fleet-in-texas.jpg After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The following day, on Dec. 28, 2022, Argo detailed it is selling its Helios facility to Galaxy Digital for $65 million, and the financially troubled business plans to refinance asset-backed loans with a new $35 million loan that stems from Galaxy. Galaxy Digital Purchases Texas Data Center From Argo Blockchain, Company Hopes Transactions Will ‘Enable the Company to Continue Operations’ Galaxy Digital is giving Argo Blockchain (Nasdaq: ARBK ) some fresh liquidity, according to a press announcement published by Argo on Wednesday, Dec. 28, 2022. Argo detailed that it is selling its Helios facility to Galaxy for $65 million. G

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

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https://krakow3d.com/wp-content/uploads/2022/12/the-stablecoin-economy-shed-28-billion-in-2022-after-a-handful-of-tokens-lost-their-1-peg.jpg 2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last month. Over $3 Billion in USD Value Has Been Erased From the Stablecoin Economy in 23 Days The market valuation of stablecoins has continued to slide and since Jan. 2022, $28.08 billion in U.S. dollar value has left the stablecoin economy. Archived data indicates that the stablecoin economy was valued at $167.08 billion on Jan. 5, 2022, and today it’s valued at $139.06 billion or 16.77% lower than the first week of the year. The stablecoin economy has not been this low in U.S. dollar value since Oct. 23, 2021, or around 14 months ago. In Jan. 2022, tet

Good news for gas prices as we close out 2022: Gas Buddy's Patrick De Haan

http://img.youtube.com/vi/Uhb2XulnZko/0.jpg https://www.youtube.com/watch?v=Uhb2XulnZko Patrick De Haan of Gas Buddy joins Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss where gas prices are headed next year. Origina post from https://krakow3d.com/videos/good-news-for-gas-prices-as-we-close-out-2022-gas-buddys-patrick-de-haan.html

FBI Renews Warning About Pig Butchering Crypto Scam Sweeping the Country

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https://krakow3d.com/wp-content/uploads/2022/12/fbi-renews-warning-about-pig-butchering-crypto-scam-sweeping-the-country.jpg The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called “pig butchering” that is sweeping across the U.S. “Be very careful when you go on social media and dating apps and somebody starts developing a relationship with you,” cautioned an FBI specialist. FBI Warns About Pig Butchering Crypto Scam The Federal Bureau of Investigation (FBI) has renewed its warning about the “pig butchering” cryptocurrency investment scam. Frank Fisher, public affairs specialist at the FBI’s Albuquerque division, warned that the pig butchering crypto scam “is sweeping the country,” CNN reported Monday, quoting him as saying: Be very careful when you go on social media and dating apps and somebody starts developing a relationship with you, and wants you to start investing … Don’t get butchered. In pig butchering schemes, sc

Report: Nigerian Security Agency Seeks to Arrest Central Bank Governor on Charges of Funding Terrorists

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https://krakow3d.com/wp-content/uploads/2022/12/report-nigerian-security-agency-seeks-to-arrest-central-bank-governor-on-charges-of-funding-terrorists.jpg The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in public. The DSS is still seeking to apprehend Emefiele despite losing its bid to have a Nigerian court sanction the arrest. Nigerian Court Refuses to Back Arrest Plot As the controversy surrounding the failed arrest of Central Bank of Nigeria (CBN) governor Godwin Emefiele continues to hog the limelight, a new report by Sahara Reporters said operatives from Nigeria’s Department of State Services (DSS) have an order to “arrest him on sight.” In addition, the report, which relies on the testimony of unnamed sources, said operatives are also monitoring movements at the CBN headquarters as well as at the Emefiele family residence in Lagos. As