Bitcoin pyramid schemes wreak havoc on Brazil's 'New Egypt'

Dienstag, Juli 18th, 2023

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Bonifacio acknowledges his city found itself under a spell. Bonifacio acknowledges his city found itself under a spell. “The talk of the town was to know how much [bitcoin] was at, who was giving a bigger return,” he said.  (AP Photo/Bruna Prado)” class=”blkBorder img-share” style=”max-width:100%” />

Mayor Jose Bonifacio listens during an interview in his City Hall office of Cabo Frio, Brazil, Wednesday, Dec.

15, 2021.

A wave of cryptocurrency-related violence soon followed. revenues rose, enriching early adopters, copycat firms sprang up, seeking to cash in on the craze. Bitcoin fervor was particularly keen in Cabo Frio, the resort town of 230,000 where G.A.S.

was based.

Making use of margin trading, a user can leverage their position by purchasing stocks with a small quantity of collateral, such as cash or another asset.

As a result, the exchange owner will be able to put up a proportion of interest and generate significant profits using this business model.

This trading fee is fixed by the exchange owner. Whenever a user makes a transaction or trades digital assets in the platform, disregarding the type of trading they utilize, a particular amount of fees in the name of trading fees is obtained from the users.

Be it trading of crypto to crypto, or crypto to fiat, the trading fees are applicable for every trade or transaction held on the platform.

Clients were promised a 10% monthly return on their investments over 12- to 48-month contract periods, but did not own the bitcoins they were told G.A.S.

was purchasing with their money. And, they were assured, it was risk-free: They would get their entire initial investment back at the end of the contract.

The withdrawal fee is applicable for those who withdraw their cryptocurrency or fiat currency, a percentage of the withdrawal fee is deducted from the withdrawal.

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Binance ordered to stop all digital currency services in Belgium

Sonntag, Juli 16th, 2023

The payment includes $1.17 million of refunds to 4,691 investors, which may be reduced if they withdraw crypto assets during a specified 90-day period, plus a $626,000 fine.

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We had an on-site visit last week by the relevant authorities,” a binance c2c, click the next document, spokesperson said. “In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere.

Bitcoin has gained nearly 25% in value since BlackRock’s filing.
It rose as high as $31,458 on Friday, the highest level since June 7, 2022, and was last up 3.29% at $30,872.

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A spokesperson for Binance, which had been operating in the Netherlands without permission from regulators, said that the company had tried “many alternative avenues” to meet Dutch registration requirements.

Bitcoin jumped more than 15% last week, rising above $30,000 for the first time since April, its best week since March, in large part driven by BlackRock filing an application with the U.S.

Securities and Exchange Commission to launch an exchange-traded fund (ETF) backed by bitcoin.

No firm has yet been licensed under VARA’s full market product (FMP) stage – which would permit the serving of retail clients, regulator information shows.

OKX plans to apply for such a licence, Byun said.

“Sticky inflation and economic recession concerns are still longer-term risks that we have to be cautious about,” said Youwei Yang, chief economist at bitcoin miner BTCM.

dollar-bitcoin trading in May. The SEC this month sued Coinbase for failing to register as an exchange.
According to Cboe’s Fidelity bitcoin ETF filing, The company’s platform represented roughly half of U.S.

LONDON, June 15 (Reuters) – The U.S.
affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees’ social media posts.

Crude oil edged higher but gains were tempered by a report that the United States and Iran were close to a nuclear deal, although denials from both parties kept it off the previous session’s lows.

Unlike many other coins, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.

The public has taken an interest in the new era meme coins. One such instance is the cryptocurrency Dogecoin.

The SEC has rejected dozens of spot bitcoin ETF applications in the past few years, including one from Fidelity in January 2022.
In all cases, the regulator said the filings did not meet standards designed to prevent fraudulent and manipulative practices and protect investors and the public interest.

Users can choose the best pricing for an NFT mint on some platforms, for instance. Others started out as guilds but have now modified or changed their business strategy to include a video game market.

A regulatory crackdown has also weighed on the crypto sector.

Binance and Coinbase Global, two of the biggest crypto exchanges, were sued this month by the SEC for allegedly violating its rules, which the pair deny.

Over in Europe, the STOXX 600 index lost 0.13%, but MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.74% overnight.

Combined with gains on Wall Street, the MSCI’s broadest index of world stocks rose 0.42% to hover under a 13-month high.

Trading bots have become the most popular and profitable tools in the crypto exchange sphere and at the best crypto exchange platforms like TrailingCrypto, you can explore a variety of trading bots like DCA bots, scalping bots, grid trading bots, and more.

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Cboe refiles Fidelity bitcoin ETF application, plans Coinbase…

Mittwoch, Juli 12th, 2023

“Two hikes, which is what the dot plot told us,” Detrick said.

“There could be one more rate hike, but I don´t think anyone’s buying the fact that there will be two. Markets are assuming that the Fed is very close to being done.”

Sterling was perched near a one-year high ahead of the Bank of England’s (BoE) interest rate decision later in the day, with Wednesday’s hot inflation report likely to keep policymakers on their toes.

“The dark clouds overshadowing crypto have lifted in recent days amid a burst of institutional interest,” said Kate Laurence, general partner of Bloccelerate VC, which invests in crypto projects.

JERUSALEM (AP) – The Israeli government said Tuesday that it seized millions of dollars in cryptocurrency from accounts that had sent or received funds in alleged financing schemes for a powerful arm of the Iranian military and the Iran-backed Hezbollah militant group in Lebanon.

NEW YORK, July 3 (Reuters) – Video-sharing website BitChute is raising $10 million in Series A funding at a valuation of $750 million to $1 billion, according to one of its investors and a presentation seen by Reuters, as it seeks to add new features that allow live-streaming and the payment of content creators by users.

“We’re starting to see signals from businesses that the demand is starting to ease up at the margin and that’s leading to recalibration of expectations of what future output looks like,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets.

dollar-bitcoin trading in May. The SEC last month sued Coinbase for failing to register as an exchange.
According to Cboe’s Fidelity bitcoin ETF filing, the company’s platform represented roughly half of U.S.

The world’s largest cryptocurrency has recently found support due to plans by fund managers, including BlackRock – the world’s largest asset manager – to launch a U.S.-listed spot bitcoin exchange-traded fund (ETF).

A key issue was that the exchanges did not name the crypto-trading platforms with which it planned to enter into surveillance-sharing agreements to help detect fraud in the underlying bitcoin markets, the person said.

After Griner’s release, Whelan’s brother David voiced fears his brother may be stuck in captivity for another 12 years in the penal colony.

June 25 (Reuters) – Law-enforcement officials and binance referral; relevant web site, retailers are investigating a recent wave of bomb threats across the United States, targeting grocery operators and other stores, the Wall Street Journal reported on Sunday.

NEW YORK, June 21 (Reuters) – Wall Street extended its sell-off on Wednesday as U.S.

Federal Reserve Chairman Jerome Powell’s congressional testimony reinforced the central bank’s campaign to rein in inflation as he hinted at the likelihood of further interest rate hikes.

NEW YORK, June 23 (Reuters) – The dollar rose against the euro on Friday after dismal business activity data from around the globe soured risk sentiment and as hawkish comments from central banks added to pressure on riskier currencies.

That sent the dollar slightly higher alongside Treasury yields, while stocks fell, as expectations grew that the Fed will resume its rate-hike campaign this month and that rates would stay high for some time to tame inflation.

After inflation data held at 8.7% in May, defying market expectations and making it the highest of any major economy, investors had been split on how big the new BoE hike would be.

Editing by Jane Merriman)

Their longer-term goal is to “decentralize” BitChute, so that it is blockchain-based and users can decide whether to have content moderation. (Reporting by Helen Coster.

Additional reporting by Krystal Hu in New York.

Tesla Inc was the biggest drag on the S&P 500, sliding after Barclays downgraded its rating on the stock to “equal weight” from “overweight,” saying the electric automaker’s recent rally was too sharp relative to fundamentals.

“After bigger than expected rate hikes in the UK and Norway yesterday, the markets are nervous about upside rate surprises, and that was helping the dollar overnight, even before we saw the European PMI data,” Kit Juckes, chief FX strategist at Societe Generale, said in a note.

Traders will be watching a second day of testimony from Powell on Thursday. The slew of rate hikes come a day after Fed chief Powell told lawmakers on Capitol Hill further rate increases were “a pretty good guess” of where the central bank was heading if the economy continued in its current direction.

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