SEC Is Hiring Additional Investigators to Fight Cryptocurrency Fraud

According to The Wall Street Journal, the United States Securities and Exchange Commission (SEC) intends to enlarge its special team tasked with investigating cryptocurrency fraud and other criminal actions.  The SEC has taken this action in order to bring the unregulated cryptocurrency business under federal regulation.  The SECs Crypto Assets and Cyber Unit will be expanded by twenty investigators and litigators. This unit was established in September 2017 when authorities noted an increase in the number of new digital coins sold to the general public.  The SECs special cryptocurrency unit would have 50 prosecutors and other personnel after the addition of new members. The section will also have a new boss, as the present chief, Kristina Littman, has announced her departure from the agency in June.  According to The Wall Street Journal, the SEC indicated that, in addition to cryptocurrency issuers and trading platforms, the unit will investigate novel assets such as non-fungible tokens (NFTs).  The SEC filed over 100 cryptocurrency-related enforcement proceedings between 2013 and 2021.  SEC Enforcement Director Gurbir S. Grewal stated in a written statement that “crypto markets have expanded in recent years, with regular investors bearing the brunt of abuses in this arena.”  “The bolstered Crypto Assets and Cyber Unit will be at

2022-05-04Malalim na Pagsisid

NFT Platform Waiting List Opened by Kraken Exchange

Kraken, an American digital currency trading platform, has announced the creation of a waiting list for its Non-Fungible Token (NFT) marketplace or platform.  According to the exchanges statement, the Kraken NFT platform is geared to compete with its peers in the ecosystem, since it boasts a number of characteristics that set it apart.  According to Kraken, NFT collectors that execute transactions on the site will not be charged any gas fees. This is a significant departure from what the exchanges competitors are already offering. The majority are being chastised, particularly for their ties to Ethereum, which is notorious for its exorbitant transaction costs.  “Once your NFT is custodied with Kraken NFT, you will not pay any blockchain network fees for (the) trading activity that takes place within our platform. This helps you build your dream collection with near-instant transfer speeds and the peace of mind that spikes in network activity will not impact the cost of your purchases and trades,” the exchange said.  The Kraken NFT platform will handle various blockchain protocols, starting with Ethereum and Solana and expanding to other protocols in the near future. The platforms multi-chain support architecture will further empower NFT enthusiasts who have previously been limited in their total

2022-05-04Malalim na Pagsisid

Aave price analysis: AAVE set to spike higher in the next 24 hours - BitcoinEthereumNews.com

AAVE/USD 1-day price chart, source: TradingView  The technical indicator on the 1-day Aave price analysis chart indicates a bullish market, as the MACD is moving above the signal line while the RSI has climbed above 40. These indicators support further upside movement of Aave prices and could see the bulls push on to test the $180.00 resistance level again in todays trading session. The Bollinger bands are however contracting and indicate low market volatility as the market indecision continues.  Aave price analysis 4-hour chart: Prices enter a bullish trend as the market looks to reclaim the $180.00 level  Aave prices are in a bullish trend on the 4-hour Aave price analysis chart as the market looks to reclaim the $180.00 resistance level. The MACD is moving above the signal line as the market bulls look to take control while the RSI is trading above the 50.0 level, indicating further upside momentum in todays trading session. The Bollinger bands are however contracting and this could see prices experience some consolidation below the $180.00 level before a breakout to the upside.  AAVE/USD 4-hour price chart, source: TradingView  The moving averages for Aave are also in a bullish trend, indicating that the bulls could continue to push on

2022-05-04Industriya

Wikipedia stops accepting cryptocurrency donations - BitcoinEthereumNews.com

Wikipedia has said it will no longer be accepting donations in crypto, closing its Bitpay account following a three month debate by the Wikimedia Foundation.  The initial proposition by Wikipedia editor Molly White for Wikipedia to stop accepting cryptocurrency donations by the Wikimedia community took place between January 10th and April 12th 2022. The Wikimedia Foundation (WMF) has now released a pahayag that outlines that they will no longer accept cryptocurrency donations.  “The Wikimedia Foundation has decided to stop accepting cryptocurrency donations. The decision was made based on a community request that the WMF no longer accept crypto donations, which came out of a three-month-long discussion that wrapped up earlier this month.” the statement read.  According to the community request, the request for comments (Rfc) included input from around 400 users, who participated in the voting and discussion concerning the proposition.  Some of the arguments outlined in support of the balak to stop accepting cryptocurrency included “issues of environmental sustainability, that accepting cryptocurrencies constitutes implicit endorsement of the issues surrounding cryptocurrencies, and community issues with the risk to the movements reputation for accepting cryptocurrencies”.  Arguments in opposition to the proposal included “the existence of less energy-intensive cryptocurrencies (proof-of-stake), that cryptocurrencies provide safer ways to donate

2022-05-04Industriya

Republicans Push Drug In State Bills - BitcoinEthereumNews.com

KabuhayanAng mga Republican ay Nagtulak ng Droga Sa mga Bill ng Estado05 / 03 / 2022Balita ng Ethereum ng BitcoinTopline  Republicans in a number of states have recently pushed legislation to promote ivermectin and hydroxychloroquine—two ineffective and potentially dangerous treatments for Covid-19—and protect doctors who prescribe the drugs to coronavirus patients.  A package containing a syringe of the antiparasitic drug ivermectin.  ASSOCIATED PRESS/Ted S. Warrenn  key Katotohanan  New Hampshire: The state Senates health and human services committee on April 28 approved HB 1466, which would allow physicians greater freedom to prescribe drugs for uses not approved by the FDA, boosting the availability of ivermectin as a Covid-19 treatment.  Tenessee: Gov. Bill Lee (R) on April 22 naka-sign into law a similar bill allowing pharmacists in the state to provide ivermectin with immunity from administrative discipline or civil liability if the pharmacist does not also engage in negligence or misconduct.  Ohio: HB 631, na kung saan ay ipinakilala April 21 by state Rep. Kris Jordan (R), would prevent health departments, healthcare facilities and pharmacies in the state from refusing to promote or expand access to the antiparasitic drugs ivermectin and hydroxychloroquine as Covid-19 treatments.  Kansas: The Republican-controlled Kansas Senate Lumipas a kuwenta on March 24 that would permit the

2022-05-04Industriya

Algorand: This is how 2022 FIFA World Cup would be affecting ALGO traders - BitcoinEthereumNews.com

Pinagmulan: TradingView  Also worthy of note is the sharp increase in the market capitalization of the ALGO token in the past 24 hours. Standing at $4.03b just before the partnership anouncement, the token went up by over 75% in market capitalization.  Pinagmulan: CoinMarketCap  “Streets Cred” is up  On a social front, the token performed significantly well in the past 24 hours. As of 1 May, the social dominance for the token stood at 0.5186%. However, by 2 May this went up by over 400% to an index of 2.696%.  Similarly, the social volume recorded a significant spike of 76% in the past two days. These uptrends are indicative of increased engagement of the token on a social front following the anouncement.  Pinagmulan: Santiment  Further to this, a look at the developmental activity for the token revealed that no significant traction was made in that regard. This might, however, take on an uptrend as the FIFA World Cup draws nearer.  Only Just The Begining  For context, last year, during the Copa America 2021 Final, South America‘s soccer body, CONMEBOL in partnership with an NFTs Platform, Ethernity launched an NFT collection that featured 75 editions each of the Argentinian and Brazilian teams’ digital collectibles.  With FIFAs partnership with Algorand ahead of the

2022-05-04Industriya

Gatorade trademark applications hint at joining the metaverse - BitcoinEthereumNews.com

Stokely-Van Camp, the beverage company with the original rights to market and produce Gatorade, may be exploring releasing virtual sports drinks in the metaverse.  According to records submitted to the United States Patent and Trademark Office, or USPTO, on Wednesday, Stokely-Van Camp naisaayos two applications for the word Gatorade and the sports drinks “G”-shaped orange, black and white logo to be used in conection with “virtual beverage products” and nonfungible tokens, or NFTs. The filings suggest Gatorade may be preparing to introduce its branded products to the metaverse.  Getting dehydrated from a workout in the metaverse?  Gatorade will have you covered.  Per a trademark filing made on April 27th, @Gatorade plans to soon offer “virtual beverage products.”#metaverse #gatorade# web3 #FuelTomorrow pic.twitter.com/4HZbTEoSWM  - Josh Gerben (@JoshGerben) Mayo 3, 2022  Stokely-Van Camp added that the Gatorade name and logo could be used in digital media artwork, text, audio and video. According to the USPTO status, the U.S. government agency could take roughly six months to examine the applications.  Now owned by multinational food corporation PepsiCo, Gatorade is a major sports drink consumed by people in more than 80 countries around the world. The company reportedly despatsado roughly $2.6 billion worth of products in U.S.-based convenience stores in 2021 and

2022-05-04Industriya

Decoding factors detrimental to Filecoins [FIL] short-term recovery - BitcoinEthereumNews.com

Pinagmulan: TradingView, FIL/USDT  Over the past 13 months, FIL lost more than 95% of its value and witnessed a fairly swift drawdown towards the $14 baseline. In the meanwhile, the alt saw multiple descending triangles and a down-chanel while bears displayed their one-sided dominance.  Pinagmulan: TradingView, FIL/USDT  FILs RSI has been traversing sideways while slamming itself into the 34-ceiling. An eventual break above this mark could pave a path to a stronger revival on the price chart.  Also, the Aroon up (yellow) kept gliding near the zero-mark for the last few days. A likely lift-off from this bottom could assist FIL in overturning the 23.6% resistance. But after a recent bearish divergence of the CMF and price action, the money volumes into the cryptos ecosystem have taken a plunge. Should the immediate 0.09 support stand stiff, the alt could aim for a sustained recovery.  Konklusyon  In view of the strength of the $14-support, FIL could aim to find a break above the 23.6% level in the days to come. In which case, the 20/50 EMA would continue to pose resistance hurdles for the alt. On the flip side, an inability to amplify trading volumes on the part of buyers could be detrimental to FILs short-term recovery.  Bukod,

2022-05-04Industriya

Stock futures inch higher ahead of Feds big rate decision - BitcoinEthereumNews.com

KabuhayanMas mataas ang mga futures ng stock bago ang desisyon ng malaking rate ng Fed05 / 03 / 2022Balita ng Ethereum ng Bitcoin  Stock futures inched higher in overnight trading as investors braced for the Federal Reserves big interest rate decision on Wednesday, where the central bank is widely expected to hike rates by half a percentage point.  Futures on the Dow Jones Industrial Average were flat. S&P 500 futures inched 0.11% higher, and Nasdaq 100 futures rose 0.19%.  Markets are preparing for a hawkish Fed, and the central bank is also expected to anounce a plan to cut its roughly $9 trillion balance sheet by $95 billion a month, begining in June.  Respondents to the May CNBC Fed Survey indicated they expect the central bank to anounce the long-anticipated 50 basis point hike on Wednesday, followed by a second one in June as it looks to cut its balance sheet. The majority of respondents also expect a recession at the end of the tightening cycle, the survey found.  “We‘re at a place right now where the market’s pricing in that inflation is going to be back near pre-pandemic levels within two years with only modest Fed tightening,” said Rebecca Patterson, Bridgewater‘s chief investment strategist,

2022-05-04Industriya

BAYCs Yuga Labs Reveals Plan To Move ApeCoin To A Custom Chain To Improve Scalability ⋆ ZyCrypto - BitcoinEthereumNews.com

Yuga Labs and their partners made history on Sunday by selling out what is seen as the largest NFT launch. However, considering the challenges faced during the minting process on the Ethereum blockchain, the NFT creators have revealed it will be necessary for their native ApeCoin to have a blockchain of its own.  A Launch Marred By Fee Hikes And Failed Transactions  On Sunday morning, Yuga Labs, the creators of the BAYC NFTs and now the Otherside project, revealed that the record-breaking Otherdeed NFT launch was sold out. However, the sale was not without hiccups. Several community members experienced failed transactions as high demand caused the network to crash at some point, with minting costing an arm and a leg in Ethereum as fees went to the moon.  Glassnode CTO, Rafael Schultze-Kraft, nagsiwalat that the average Ethereum gas fee was around $4,830 per transaction, nearly enough to equal the Otherdeed mint price as Ethereums scalability woes came to the fore once again. Ethereum miners, on the other hand, had cause to celebrate as they raked in about $87.6 million in 1 hour, an all-time high according to the Glassnode executive.  The Otherdeed NFT mint, which issued digital deeds for 55,000 plots of Otherside land

2022-05-04Industriya
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