LBANK INFO CRYPTOCURRENCY

Argentina has made it to national headlines with their recent most signing of a local football player with cryptocurrency. Sao Paulo is one of the largest soccer teams in Brazil and they just bought a player with crypto. Sao Paulo with the help pf USDC, a US dollar-pegged stablecoin has signed the player from mid-table Argentinian team Banfield. USDC is issued by US-based Circle Internet Financial. The transfer of midfielder Giuliano Galoppo from Banfield’s Athletic Club to Sao Paulo Futebol Clube happened with the help of a stablecoin. This transaction had exceeded $6 million up to $8 million, tied to the volatile nature of the exchange in terms of the rate of Argentine peso. This transfer had taken place with the help of a collaboration with the crypto exchange Bitso of Mexican origin. Bitso happens to be one of the largest South American crypto exchanges. This news comes in the middle of Argentina’s economic restrictions owing to a economic crisis. Crypto Volatility Remains An...

Many experts believe that the recent slew of insolvencies may be good for the market in the long run, weeding out any weak players from the industry. from Cointelegraph.com News https://ift.tt/eskwfn1 via IFTTT

Regulators in the U.S. and U.K. have met to discuss broader crypto regulatory initiatives. They reaffirmed their commitment to “continued cooperation to support safe financial innovation, as well as to strengthen regulatory outcomes for stablecoins across jurisdictions.” US and UK Regulators Collaborate on Crypto Regulation The U.S. Department of the Treasury published a joint statement last week on the U.K.-U.S. Financial Regulatory Working Group. The group held a meeting on July 21. Participants included officials and senior staff from HM Treasury, the Bank of England, the Financial Conduct Authority, the U.S. Treasury Department, the Federal Reserve Board, the Commodity Futures Trading Commission (CFTC), the Federal Deposit Insurance Corporation (FDIC), the Office of Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC). The statement explains that the financial regulatory working group was formed in 2008 “to deepen bilateral regulatory cooperation...

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned that more bear markets are coming and the next one will be “the worst” in his lifetime. Noting that many stocks will go down 90%, he stressed that investors will lose a lot of money. Jim Rogers Says ‘the Worst’ Bear Market in His Lifetime Is Coming Next Famed investor Jim Rogers warned about an incoming bear market that will be “the worst” in his lifetime in an interview with Kitco News, published last week. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management. Citing that we are somewhat in a bear market right now, he predicted that the worst has yet to come, warning: More bear markets are coming … The next one is going to be the worst in my lifetime. While explaining that in 2008, “we had a problem with too much debt,” he stressed that the debt has skyrocketed since then. “The debt, oh my God, look out the window...

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has discussed what he believes is the “best investment value today.” What is the Best Investment Value Today? Rich Dad Poor Dad’s Robert Kiyosaki Answers The author of Rich Dad Poor Dad, Robert Kiyosaki, has suggested that investors buy silver, stating that the precious metal is the best investment value today. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted Thursday: “Q: What is best investment value today?” He replied that the answer is silver, noting that gold’s price has climbed above $1,700 but silver has fallen to $20. “I do not touch paper gold or silver ETFs [exchange-traded funds]. I only want real gold or silver coins. Silver is an industrial precious metal. Gold is not. Do...

Solana soared in double digits over the last 48 hours. The coin touched the $43 mark before it started to retrace on its chart again. In the last 24 hours, SOL just lost 0.1% of it value and stuck to its bullish price action. Owing to its recent development, Solana has displayed a price rally. Technical outlook of SOL was also bullish at press time. The altcoin witnessed an increase in buying strength. This has been influential in driving the price up. Solana has opened up permanent retail space in Manhattan. These stores are specifically dedicated to all things related to cryptocurrencies. Solana Spaces, CEO Vibhu Norby also mentioned that these physical Solana retail stores have an intention to introduce approximately 100,000 people each month to the Solana ecosystem. He also hinted that there are possibilities to open a virtual storefront soon in the future. A grant from the Solana Foundation has helped the Solana Spaces to set up a shop in Hudson Yards New York. Solana Price ...

I was downloading the whole Bitcoin blockchain and the download stopped and I got an error message that the settings.json file has no read or write access, but I checked the permissions of the file, and it has read/write access. I saw this question in other places but I couldn't find a solution that works for me. I am using MAC OS X with an external hard drive. settings.json: { } from Recent Questions - Bitcoin Stack Exchange https://ift.tt/U0YhvVo via IFTTT

A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai about their measures against fake cryptocurrency apps appearing in the Apple App Store and the Google Play store. “Millions of Americans use mobile apps to invest in unregulated digital assets,” said Senator Sherrod Brown. “Reports have emerged of fake crypto apps that have scammed hundreds of investors.” U.S. Senator Questions Chief Executives of Apple and Google on Fake Crypto Apps Senator Sherrod Brown (D-OH), chairman of the Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Apple CEO Tim Cook and the CEO of Alphabet and Google, Sundar Pichai, regarding their measures against fake cryptocurrency apps on their platforms. He stressed that it is “imperative that app stores have the proper safeguards in place to prevent against fraudulent mobile application activity.” Senator Brown’s letters followed a warning by the Federal Bureau of Investigation (FBI) against fake cr...

PRESS RELEASE. July has seen a jump in crypto prices, and none more so than the utility token of Alchemy Pay, ACH. ACH saw a 43% increase in just 24 hours on July 20th, making it crypto’s biggest gainer. ACH has also broken into the TOP 10 most searched tokens on almost every crypto site over the past two weeks, including Coingecko and Coinmarketcap. The ACH token has seen so much interest that Binance is now supporting it for margin trading – unusual for a project of Alchemy Pay’s size. Alchemy Pay is a Singapore-based payment provider addressing some of the industry’s biggest barriers to entry with its crypto on/off ramp payment plugins, as well as its crypto acceptance for merchants and businesses. ACH Listed On Binance US, Crypto.com & KuCoin Part of the reason for the impressive price action is the token’s recent listings on Binance US, Crypto.com (website and app), KuCoin, and Kraken. As well as its availability across the world’s largest exchanges, ACH can now be stak...

  Dogecoin has been enjoying the love being shown to it by prominent figures in the space, such as Elon Musk and Mark Cuban. However, the digital asset has not been faring well since hitting its all-time high of $0.7 in the middle of 2021. The decline in price that followed has seen Dogecoin lose more than 90% of its value since then. But a new development has begun to paint a bullish picture for the digital asset. New Dogecoin Addresses Soar One of the reasons that Dogecoin’s price has continued to suffer has been the lack of interest from the crypto community. Despite its community still pushing the meme coin, it was not seeing enough adoption to push the value of the asset back up. That is, until now, when Dogecoin is beginning to experience a significant uptick in interest. Related Reading | Ripple (XRP) Is Up 190% From Cycle Low, But Will It Ever Reach $3? New data shows that the adoption of Dogecoin is up, given the number of addresses that are transacting on the net...

Global investment banks Goldman Sachs and JPMorgan have predicted an imminent recession in the euro area. “The risks to our forecast are skewed toward a sharper recession in the event of an even more severe disruption of gas flows, a renewed period of sovereign stress or a U.S. recession,” said the economists at Goldman Sachs. Goldman Sachs’ Predictions Two major global investment banks, Goldman Sachs and JPMorgan, released reports Wednesday, independently predicting an impending recession in the euro area. Goldman Sachs’ analysts, led by chief European economist Jari Stehn, expect a euro-area recession in the second half of this year that will last until the end of the year. They are also predicting a contraction of 0.1% in the third and 0.2% in the fourth quarter, expecting growth to return in 2023. “Looking across countries, we have Germany and Italy in clear recession in the second half, while Spain and France continue to grow,” the Goldman Sachs economists detailed, elaborati...

Bitcoin has recovered above $23,000 multiple times now, but the digital asset remains in a perilous position. This is because the recovery alone has not been able to assure that the bull trend would endure. Rather, it has been falling the brief buying and selling pressures that have been plaguing investors in recent times. The bitcoin open interest also mirrors this fact and shows just how easy it would be for bitcoin to lose its position. Bitcoin Open Interest Stays Elevated For the past week, the bitcoin open interest has been on the rise. After hitting above 300k the previous week, there was no stopping this part of the market. However, it also pointed to more peculiarities about the current bitcoin uptrend. Related Reading | Why Cardano (ADA) May Breakout In A Bull Run To $1 For one, the elevated bitcoin-denominated open interest shows that there is very high leverage in the crypto market. As with any market, having such high leverage always puts the value of the digital ass...

I am starting to get into Difficulty Algorithms and attacks on them. I came across cw-144 which used to be BCH's DAA at least until mid 2020 (recent developments do not interest me and this is not the point of this post). It became apparent it was vulnerable to rational miners moving between BTC and BCH mining. This was caused because cw-144 is a SMA DAA. I couldn't manage to grasp why the fact the average is flat (and not EMA or LWMA) causes these oscillations while EMA, LWMA don't. I know this has something to do with the fact that blocks going out of the simple average window have the same effect as them going into the window but I didn't understand why that is (mentioned here ). I would much appreciate help with this. I also added a graph from the above link showing the oscillations. from Recent Questions - Bitcoin Stack Exchange https://ift.tt/CDsr6WM via IFTTT

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, believes that the U.S. Securities and Exchange Commission (SEC) neither has the resources nor the IQ points needed to correctly investigate crypto listings on Coinbase. Michael Burry on SEC Investigating Crypto Listings on Coinbase Famous investor and founder of investment firm Scion Asset Management, Michael Burry, briefly commented on the U.S. Securities and Exchange Commission (SEC) investigating crypto exchange Coinbase Tuesday. He is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in “The Big Short,” a book by Michael Lewis about the mortgage crisis, which was made into a movie starring Christian Bale. Commenting on a Bloomberg article titled “Coinbase Faces SEC Probe on Crypto Listings,” Burry tweeted: Pretty sure the SEC does not have the resources or the IQ points to do this correctly. ...

The reaction to the first installment of “The Degen Trilogy” was a unanimous NO. It seems like Coinbase can’t get it right with their NFT strategy. First, the company spent millions in a marketplace that nobody uses, and now this. “The Degen Trilogy” is a phenomenal piece of animation with the worst script ever written. A waste of talent, effort, and money at a time when Coinbase is laying-off employees and under investigation by the SEC . One thing’s for sure, “The Degen Trilogy” got a lot of attention. As a marketing piece, it did half of its job. We doubt it accomplished the other half, getting people to sign up for Coinbase’s NFT marketplace.  The mini-movie’s plot is extremely confusing and the exact thing they’re promoting is never clear. Is it a contest? Can people participate in the other parts of the trilogy? What are the characters doing, exactly? And what’s the general message? Why is there a character rug-pulling the others? But enough about our opinion, let’s r...

PRESS RELEASE. Pocket Network , a decentralized Web3 infrastructure provider that services blockchain data requests for applications and developers, is implementing key protocol changes after its community DAO voters rallied to boost network efficiency and bring costs down. As of late June, the Pocket DAO has passed two proposals with significant impacts on the incentive structure for nodes participating in Pocket Network’s protocol. Pocket’s protocol is serving approximately 1 billion RPC requests every day , and is on course towards a goal of supporting 100 blockchains before year-end. At the same time, as Pocket Network has seen explosive growth in the number of active nodes on the network (all the way up to almost 50,000 nodes in May of this year), infrastructure costs of the protocol have risen as well. Thanks to some of the highest levels of engagement out of any past proposals in the Pocket DAO, voters and commenters took on this economic challenge on two separate fronts: b...

Cardano (ADA) is one of the few digital assets that has managed to hold its own through the downtrend. The digital asset has garnered a healthy following of supporters and continues to grow in conditions where others are struggling. However, Cardano’s price is down significantly from its all-time high that it attained last year. Its price has now fallen below $0.5 but is there still hope to get back to $1? Climbing Back To $1 The price of Cardano (ADA) has been doing better than expected in the market, but that does not mean that it is what investors want. The digital asset’s decline in value has seen its investors in loss emerge as one of the highest in the space. This is because after reaching its all-time high of $3.10, it quickly dumped back down. Related Reading | Ethereum Weekly Exchange Net Flow Points To Growing Accumulation Trend However, there is a lot of speculation around the price of the digital asset. For the community, they continue to hold a strong conviction tha...

Ripple, Enterprise blockchain and crypto solutions provider has partnered with FOMO Pay. FOMO Pay is a leading Singapore-based institutional digital payment solution provider and has become the latest firm to unify with Ripple’s liquidity solution. Through this integration, FOMO Pay is planning on using Ripple’s crypto-enabled enterprise technology which is supposed to enable its cross-border treasury flows. Previously, FOMO Pay used to employ the traditional payment system for cross-border settlement of Euro and US Dollar trades which could take up to two days. With this new integration, ODL (On-Demand Liquidity), the firm will be able to conduct instant settlement with very low transaction costs. ODL leverages XRP, and it is built as a platform to bridge between two fiat currencies which is supposed to help with instant low cost settlement without the requirement of holding a pre-funded capital in a destination market. The ODL Feature Of Ripple Has Been Quite Popular Ripple’s O...

It’s obvious that bitcoin can’t free Palestine, let’s begin there. The bitcoin network just offers better money, not a miracle cure. It offers a decentralized currency that can’t be debased by any government, no more, no less. The author of “ Bitcoin Cannot Free Palestine ” says, “at the heart of Bitcoin’s appeal is the urgent and necessary pursuit of Palestinian financial independence.” Ok, bitcoin can help with that particular problem. “Ultimately, there is no replacement for a political resolution to end the colonization of Palestinians,” she claims, stating the obvious. Another day, another journalist that didn’t do her homework and comes to attack bitcoin with the weakest arguments possible. “An independent Palestinian economy will not arise magically out of a sovereign currency.” Of course it won’t. Who claimed otherwise? Hadas Thier’s article seems to be a response to Alex Gladstein’s “ Can Bitcoin be Palestine’s Currency of Freedom? ” As you can see, there’s a huge difference ...

While an ongoing technical divergence between BOND's price and volumes suggests upside exhaustion. from Cointelegraph.com News https://ift.tt/cFowJR3 via IFTTT

Institutional investors had been showing bearish sentiment towards Ethereum for the longest time. The second-largest cryptocurrency by market cap, which had initially caught their attention, was not doing as well as expected, and the outflows that followed were massive. However, it looks like sentiment among these large investors is beginning to turn positive as Ethereum has begun to record inflows. Ethereum Inflows Balloons Over the last several weeks, Ethereum inflows have been ramping up. Although they were nowhere near the volumes that had been recorded during the bull market, it had put a stop to more than 2 months of consecutive outflows for the digital asset. Last week would prove to be no different, given that Ethereum’s inflows had come out to $8 million, a low volume, but it was inflows nonetheless. But the most important inflows were recorded in the week prior when the digital asset had initially been recorded to have seen inflows of $2.5 million. Related Reading | Mo...

The proposal aimed to secure a two-year runway for LidoDAO to carry out its functions in the Lido Finance protocol without worrying about further fundraising. from Cointelegraph.com News https://ift.tt/WYHqMZU via IFTTT

The governor of the central bank of the Philippines has shared his policy on cryptocurrency regulation. “I don’t want it banned,” he said, advising investors not to invest money they cannot afford to lose in crypto. Philippine Central Bank Governor on Crypto Regulation Felipe Medalla, the governor of the Bangko Sentral ng Pilipinas (BSP), the country’s central bank, shared his policy on cryptocurrency in an interview with Forkast, published Friday. Medalla was asked: “What’s your take on cryptocurrency?” He replied: I don’t want it banned, but I don’t want to call it cryptocurrency. The central bank governor explained that in his opinion cryptocurrency “has really very little use for actual payments, especially when the price is so volatile.” Emphasizing that currency cannot be very volatile, he suggested calling it “crypto assets.” Medalla then slammed bitcoin’s environmental impact, stating that the crypto is “bad for the environment because the amount of electricity that t...

Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency. Tesla Realizes Gains of $64 Million From Bitcoin Sale Tesla Inc. filed its second-quarter report with the U.S. Securities and Exchange Commission (SEC) Monday. The company explained that it converted about 75% of its bitcoin holdings into fiat currency, as Bitcoin.com News reported last week. The BTC conversion added $936 million of cash to the electric car company’s balance sheet. Tesla informed the SEC that in the second quarter: We recorded $170 million of impairment losses resulting from changes to the carrying value of our bitcoin and gains of $64 million on certain conversions of bitcoin into fiat currency by us. Tesla originally purchased $1.5 billion of bitcoin in Q1 2021. In the same quarter, the company sold BTC worth $272 million. T...

Ethereum had been one of the largest winners of the rally that rocked the crypto market last week. The network had seen a boost when one of the developers of Ethereum announced that the upcoming Merge would likely happen sometime in September. It triggered a ripple effect that spread to the other digital assets in the space. But it seems Ethereum investors are nowhere close to being done, given the on-chain metrics from the last week. Exchange Outflows Ramp Up In the last week, large and small Ethereum investors alike have been ramping up in terms of accumulation. This shines through in the among of ETH that was recorded, leaving centralized exchanges versus the number that was going into them. The disparity between the two is stark and shows exactly how investors are feeling when it comes to investing in ETH. Related Reading |  MATIC Rises Again, Will It Target The Psychological Level Of $1? Numbers for the last week have shown that $3.3 billion total in ETH had flowed into cen...