Category Archives: Cryptocurrency
Verge (XVG): The Undying Cryptocurrency Set for Another Major … – Captain Altcoin
Home Journal Verge (XVG): The Undying Cryptocurrency Set for Another Major Comeback!
Verge (XVG), a cryptocurrency known for its emphasis on security and anonymity, has been making waves in the crypto community recently with its new developments.
Trading at a price of $0.004926, Verge has a current market capitalization of around $81 million and an impressive 24-hour trading volume of $465 million. The circulating supply volume is 16,555,000,000 XVG coins, which is also its maximum supply.
Unibot: Trading Intelligence that Makes You 7x More Successful.
Discover the edge in crypto trading with Unibot a user-friendly Telegram bot that boasts a 35% profitability rate amongst users, seven times higher than the average trader! Experience top-notch features like decentralized copytrading, DEX-based limit orders, and protection against MEV bots. Click here to register and make your trades count!
The Verge community is buzzing with the news of recent additions to trading pairs for the currency. The major highlight is BYDFi, a crypto platform registered in the United States and Canada, announcing the listing of spot trading with the XVG/USDT pair. This addition is considered a significant milestone, with users highlighting the move as a positive update for the Verge community.
There has been a sense of optimism among some Verge traders, who believe that history may be repeating itself in the currencys price movement. Observers have noticed a falling wedge breakout confirmed on the 4-hour timeframe chart, which is usually considered a bullish signal.
Moreover, Binance, a major global crypto exchange, has expanded Verges reach by opening trading for new XVG pairs. The newly listed pairs include XVG/TRY and XVG/TUSD. This expansion into new markets is expected to create further trading opportunities and boost the overall liquidity of XVG.
The Verge (XVG) community has been electrified by recent market trends, with a falling wedge breakout confirmed on the 4-hour timeframe chart. This pattern, often associated with bullish market sentiment, has sparked anticipation of potential upward price movement. For many in the crypto community, its time to send it and watch Verge take its thrilling ascent.
Despite the summer holiday season traditionally leading to low trading volumes, some participants in the community have shown steady interest in XVGs performance, keeping an eye on potential price bottom indicators.
In conclusion, Verge is strengthening its foothold in the crypto market with these developments, bringing positive sentiment within its community. The recent additions to its trading pairs could potentially boost the currencys exposure, trading volume, and liquidity. Yet, like with any cryptocurrency, future prospects are closely tied to market trends, trader sentiment, and broader economic factors.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
View original post here:
Verge (XVG): The Undying Cryptocurrency Set for Another Major ... - Captain Altcoin
Singapore High Court recognises cryptocurrency as a form of … – Lexology
Last Tuesday (25 July 2023), the Singapore High Court published its decision of ByBit Fintech Ltd v Ho Kai Xin and others [2023] SGHC 199 in which the court held that a cryptocurrency holder has a legally enforceable property right recognised by common law.
This is a landmark judgment, as it is the first time that a common law court has made such a judicial decision. In this brief client update, we set out below a summary of the facts and the judges grounds for the decision before concluding with our brief comments to the impact that this decision may have upon the crypto space.
The facts
Grounds for the decision
In his decision, the judge (Justice Philip Jeyaretnam) stated that there were 2 issues to be determined in this matter:
For Issue 1,
For Issue 2,
Brief concluding thoughts
This case is significant as this is the first time that a common law court has made such a decision. Previously, the courts in Singapore (and elsewhere) had in granting interlocutory injunctions recognised that there is at least a serious question to be tried or, at the least, a good arguable case that crypto assets are property capable of being held on trust. In doing so, it was not necessary for the courts (then) to determine whether such digital assets are choses in action or another novel type of intangible property. In this landmark decision, the Singapore High Court went further and expressly decided that the crypto asset in question (in this case USDT) was indeed property capable of being held on trust and hence enforceable in court.
Going forward, the express recognition by the Singapore High Court of a crypto asset holder having a legally enforceable property right means that, in practice, crypto assets will be provided greater legal protection to cryptocurrency owners in enforcing their rights in respect of their digital assets.
See the article here:
Singapore High Court recognises cryptocurrency as a form of ... - Lexology
Will Bitcoin Be a $1 Trillion Cryptocurrency by 2030? – The Motley Fool
There are a number of stocks that have reached the $1 trillion market cap club, including Apple, Microsoft, and Amazon. Getting in on these businesses early could have led to life-changing returns.
In the world of cryptocurrencies, reaching this level is rare.
But with a current market cap of about $570 billion, Bitcoin (BTC -1.72%) is by far the world's largest cryptocurrency, so it has the highest chance to hit the 13-figure mark among the tens of thousands of digital tokens out there.
Can this happen by 2030? I think it's certainly possible. Here's why.
In 2021, the cryptocurrency market was on fire, almost tripling that year. And, unsurprisingly, Bitcoin soared as well. In November that year, the top digital asset reached a market cap of $1.2 trillion, more than double where it stands today.
To be clear, just because an asset reached a milestone in price before, it doesn't necessarily mean that it can do it again. This happens all the time with stocks, and it's a good thing for investors to remember.
However, Bitcoin has gone through multiple wild cycles ever since its launch in 2009. And the longer it remains relevant, the more confidence I have in its ability to stay alive. This is called the Lindy effect.
And the longer it stays alive, the greater the likelihood that it continues to rise over time. That's mainly due to more people becoming more educated about, and wanting to own, an asset that has a fixed supply cap of 21 million.
There are also some catalysts on the horizon that can push up Bitcoin's price. The most obvious one is next April's halving, which is when Bitcoin's supply growth rate gets cut in half. Bitcoin typically starts rising several months before this event, and this momentum usually carries over several months after the halving.
The Federal Reserve aggressively started hiking interest rates early last year to slow soaring inflation. And in the past few months, inflation has started to cool. This means that there is a possibility that the central bank not just pauses, but even reverses and begins to cut rates. A looser monetary policy stance can certainly be a boon to risky assets, especially Bitcoin.
Longer-term, there are also some compelling reasons to believe that Bitcoin can skyrocket over the next several years. One of the most important bull arguments is that a larger number of institutions will enter the Bitcoin market. Recently, leading asset managers BlackRockand Fidelity filed applications with the Securities and Exchange Commission (SEC) to launch spot Bitcoin exchange-traded funds. I don't think they'd make these moves if their clientele, which collectively holds trillions of dollars, didn't have an interest in gaining more exposure to Bitcoin.
And speaking of the SEC, that agency and others should adopt more definitive rules and regulations in terms of policing the cryptocurrency industry. Some critics can argue that this will hurt the industry. But I think it could prove to be a catalyst for Bitcoin that can help bring it into the mainstream.
If Bitcoin reaches a $1 trillion market cap by 2030, that implies its price rises at a compound annual rate of 8.4% between now and then. In the last seven years, by comparison, its price has increased at an annualized clip of 72%, making the forward expected return nothing to rave about.
The S&P 500 has averaged a 9% to 10% historical return. Do I think Bitcoin can outperform the overall market's past performance in the future? Yes, I'd bet on this scenario happening without hesitation.
By the end of this decade, Bitcoin's valuation could far exceed $1 trillion, making now a great time to consider buying this leading cryptocurrency.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com, Apple, Bitcoin, and Microsoft. The Motley Fool has a disclosure policy.
Read more here:
Will Bitcoin Be a $1 Trillion Cryptocurrency by 2030? - The Motley Fool
Rep. George Santos Tried to Broker Cryptocurrency Deal with Donor … – Cryptonews
US Congress. Source: Adobe / Igor
US Republican Congressman George Santos attempted to set up a crypto-related investment deal with a donor during an election campaign in 2020, according to a recent New York Times report.
The crypto investment scheme was pitched to a loyal Republican donor during Santos first Congressional election campaign, which eventually turned out unsuccessful, the report explained.
As part of the scheme, Santos and three of his associates claimed that a wealthy Polish investor wanted to buy crypto, but that he faced a problem when his bank account was frozen.
Santos, who represents New Yorks 3rd congressional district, then asked the donor to set up an LLC a limited liability company which he claimed would somehow be needed to regain access to the investors frozen money.
According to the donor, however, the plan, which he likened to a Nigerian prince email scam, made no sense.
He added that the deal did not move forward when he asked for changes to be made in a non-disclosure agreement (NDA) he was presented with and asked to sign.
George Santos is infamous in Congress for his many questionable endeavors in the past, and he has also been caught lying and making up false stories about himself on a number of occasions.
Shortly after Santos election, several media outlets reported that large parts of his self-published biography appeared to be fabricated, and that this included claims about his education, family background, and financial situation.
Santos been charged with 13 felonies for a variety of things, including misrepresenting earnings, fraudulently collecting unemployment benefits, and siphoning funds from political donors for personal expenses.
He has pleaded not guilty to all charges.
Santos successfully won a seat in Congress in 2022, and has served as a member of the House of Representatives since January 2023.
Visit link:
Rep. George Santos Tried to Broker Cryptocurrency Deal with Donor ... - Cryptonews
Illegal Cryptocurrency Mining Operation Shut Down in Malaysia – Crypto Briefing
Share this article
A recent crackdown by authorities in Miri, Borneo, led to the seizure of 34 cryptocurrency mining servers that were found to be running off stolen electricity, according to a report from local Malaysian publication The Borneo Post:
All the equipment used for the mining operation, including the direct tapping cables and servers, were seized. A police report has been lodged and an investigation is currently underway.
The operation was discovered following a tip from the public, and Sarawak Energy estimated that the operation was utilizing around 6,000 Malaysian ringgits ($1300) worth of stolen electricity monthly.
This seizure is the latest in a series of actions against illegal mining in the area, including an incident earlier this year in the state of Senadin, where 137 servers were seized. These activities have put additional pressure on energy providers and authorities alike, leading to increased efforts to counteract illegal operations.
The illegal mining operations discovery comes among Bitcoins network difficulty reaching record levels in 2023. The mining ecosystem has become highly competitive, with some experts suggesting it would only get worse.
This is because the Bitcoin Halving is set to happen in April 2024. Many experts say that since the network reaching record-high levels, the reward could be difficult to reach because it is estimated that mining one BTC will cost a company upward toward $30,000with the reward being a measly 3.125 BTC, worth around $92,000 at the time of writing:
Nearly half of the miners will suffer given they have less efficient mining operations with higher costs.
As of right now, mining one Bitcoin costs a company around $10,000-$15,000, with the reward being 6.25 BTC, or around $184,000.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Read more from the original source:
Illegal Cryptocurrency Mining Operation Shut Down in Malaysia - Crypto Briefing
Trade GPT 360 AI: The Revolutionary Cryptocurrency Investment … – Fagen wasanni
United Kingdom citizens have been reaping significant profits from home using a new cryptocurrency auto-trading program called Trade GPT 360 AI. This platform has been making hundreds of people in the United Kingdom very rich, creating small fortunes practically overnight.
Trade GPT 360 AI allows the average person to cash in on the cryptocurrency boom, which continues to be the most lucrative investment of the 21st century. While Bitcoin may have experienced a price drop, traders are still raking in enormous profits by trading other cryptocurrencies like Ripple, Ethereum, Monero, and Zcash.
What sets Trade GPT 360 AI apart is its use of artificial intelligence (AI) to handle long and short selling automatically. This means users can make money continuously, even while they sleep. The platform is backed by renowned tech pioneers such as Richard Branson, Elon Musk, and Bill Gates, who have built multi-billion-dollar companies by addressing complex global issues.
Despite the tremendous wealth-making potential, big banks and financial corporations are actively spreading misinformation about cryptocurrencies and platforms like Trade GPT 360 AI. They fear losing corporate profits once customers realize they can create massive wealth on their own.
Nevertheless, Trade GPT 360 AI has been tested and verified as a legitimate make-money-from-home opportunity. Users can get started by signing up on the platform and depositing an initial investment. The software utilizes advanced AI algorithms and machine learning to predict cryptocurrency price movements, automatically executing buy and sell orders.
The Trade GPT 360 AI platform is bringing forth a revolution in our lifetime, offering a solution to wealth inequality and enabling people, regardless of their financial status, to enjoy a prosperous life. It is only a matter of time before more individuals discover this extraordinary opportunity to generate tremendous wealth.
More here:
Trade GPT 360 AI: The Revolutionary Cryptocurrency Investment ... - Fagen wasanni
Council votes to regulate cryptocurrency mining within city limits – Stuttgart Daily Leader
The Stuttgart City Council unanimously voted to regulate data centers that could move into the city in the future. All aldermen voted for the measure except Cache Bledsaw, who did not attend the special called meeting on Friday.
The council adopted Ordinance 2012 which puts restrictions on noise levels crypto-mining data centers can create.
Code Enforcement Officer Eric Mahfouz said these centers are quite loud, as high as 85 decibels, which would create a nuisance for neighbors.
He said these centers are just boxes that house servers and create noise and heat.
Mahfouz said Act 851 of 2023 will go into effect on Aug. 1, and once the law goes into effect, there will be little cities and counties can do to regulate data centers used to mine for cryptocurrency. The new Arkansas law limits the kinds of regulations local governments can implement on digital asset mining companies by prohibiting discrimination against them and requiring any regulations to treat them the same as data centers.
There are other cities and counties all over the state having to act quickly because once (Act 851) goes into effect, regulations cannot be passed to regulate these data centers, Mahfouz explained.
Since the city passed Ordinance 2012, which spells out what the noise levels must be as well as the consequences for non-compliance with the ordinance.
City Attorney Robert Dittrich said the citys ordinance is the same ordinance passed by Arkansas County Quorum Court in its July meeting.
The ordinance was passed with an emergency clause, so it went into effect immediately, and since it was in place before Aug. 1, 2023, it is enforceable even with Act 851 going into effect.
Continued here:
Council votes to regulate cryptocurrency mining within city limits - Stuttgart Daily Leader
Top 4 Uncommon Career Paths In The Cryptocurrency Industry – The VR Soldier
The cryptocurrency industry has grown exponentially over the past decade, giving rise to numerous career opportunities beyond the traditional roles of traders, developers, and analysts. As blockchain technology continues to disrupt various sectors, new and uncommon career paths are emerging. Lets delve into the top four uncommon career paths in the cryptocurrency industry.
As regulatory frameworks around cryptocurrencies become more stringent, the demand for compliance specialists is on the rise. These professionals play a crucial role in ensuring that crypto businesses adhere to legal and regulatory requirements. They develop and implement compliance policies, conduct risk assessments, and navigate complex compliance challenges to maintain legal integrity in this dynamic and rapidly evolving industry.
With the surge in DeFi projects and smart contracts, the need for auditors has increased significantly. DeFi auditors review and assess the security and functionality of smart contracts and decentralized applications. Their role is vital in identifying potential vulnerabilities and ensuring the safety of users funds and data within the decentralized ecosystem.
As the interest in cryptocurrencies grows, so does the need for accurate and insightful reporting. Crypto journalists cover breaking news, industry trends, and developments in the crypto space. They communicate complex concepts to a broader audience and help shape public perception by providing well-researched, unbiased, and informative content.
In the competitive cryptocurrency market, marketing plays a crucial role in building brand awareness and driving user adoption. Crypto marketing specialists use their expertise to develop effective strategies that target crypto enthusiasts and potential investors. They utilize social media, content creation, influencer partnerships, and community engagement to promote cryptocurrencies and blockchain projects.
In conclusion, the cryptocurrency industry offers a diverse range of career opportunities beyond the well-known roles. Whether its ensuring regulatory compliance, auditing smart contracts, reporting on the latest developments, or driving marketing campaigns, these uncommon career paths are gaining prominence in the ever-evolving world of cryptocurrencies. Embracing these roles can not only open up exciting opportunities for professionals but also contribute to the continued growth and legitimacy of the cryptocurrency ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
Follow us on Twitter@thevrsoldierto stay updated with the latest Crypto, NFT, and Metaverse news!
Image Source: peshkov/123RF//Image Effects byColorcinch
View original post here:
Top 4 Uncommon Career Paths In The Cryptocurrency Industry - The VR Soldier
Indonesia opens world’s first state-backed cryptocurrency trading … – Thailand Business News
Indonesia has launched the worlds first state-backed cryptocurrency exchange, supervised by the Commodities Futures Trading Supervisory Agency.
The bourse will list licensed crypto companies and aims to strengthen the regulatory environment for the countrys booming cryptocurrency sector. While the use of cryptocurrencies as a payment medium is currently prohibited, investments in cryptocurrency are allowed. Indonesia saw a significant increase in crypto trading in 2021, reaching $56 billion.
The new exchange requires businesses to obtain a crypto exchange provider (CEP) license and meet certain criteria. Indonesias fintech industry is competitive, with P2P lending and e-payment platforms dominating. Foreign fintech firms can fill the financing gap for underbanked adults. The country has a high smartphone penetration rate and a growing middle class, making it a potential battleground for digital payment apps.
Indonesia Launches Worlds First State-Backed Cryptocurrency Bourse (aseanbriefing.com)
About the author
ASEAN Briefing features business news, regulatory updates and extensive data on ASEAN free trade, double tax agreements and foreign direct investment laws in the region. Covering all ASEAN members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam)
See original here:
Indonesia opens world's first state-backed cryptocurrency trading ... - Thailand Business News
Lazarus hackers linked to $60 million Alphapo cryptocurrency heist – BleepingComputer
Blockchain analysts blame the North Korean Lazarus hacking group for a recent attack on payment processing platform Alphapo where the attackers stole almost $60 million in crypto.
Alphapo is a centralized crypto payment provider for gambling sites, e-commerce subscription services, and other online platforms, which was attacked on Sunday, July 23rd, with the initial stolen amountestimated to be $23 million.
This theft included over 6 million USDT, 108k USDC, 100.2 million FTN, 430k TFL, 2.5k ETH, and 1,700 DAI, all drained from hot wallets, likely made possible by a leak of private keys.
Well-known crypto chain investigator "ZackXBT" warned yesterday that the attackers also drained an additional $37M of TRON and BTC, as seen on Dune Analytics data, raising the total amount stolen from Alphapo to $60,000,000.
Moreover, ZackXBT claimed that the attack appears to carry characteristics of a Lazarus heist and backed the claim by saying that Lazarus creates "a very distinct fingerprint on-chain," but no further details were provided.
The Lazarus Group is a North Korean threat actor with ties to the North Korean government, previously linked to the$35 million Atomic Wallet heist, the$100 million Harmony Horizon hack, and the$617 million Axie Infinity theft.
Typically, Lazarus uses fake job offers to lure employees of crypto firms to open infected files, compromising their computers and losing account credentials.
This creates an attack avenue into the victim's employer network, where they can get unauthorized access and meticulously plan and execute attacks costing millions of dollars.
Analyststrackingthemovementof the stolen funds to cryptocurrency exchanges report seeing laundering attempts through Bitget, Bybit, and others. At the same time, Lazarus is also known for usingsmall cryptocurrency mixing services.
Dave Schwed, COO of blockchain security companyHalborn, told BleepingComputer that the attackers likely stole private keys, allowing access to the wallets.
While we lack specifics, it seems that the alleged "hack" likely pertains to the theft of private keys. This inference comes from observing the movement of funds from independent hot wallets and the sudden halting of trading. Moreover, the subsequent transactions have led ZachXBT, a renowned "on-chain sleuth", to surmise that North Korea's notorious Lazarus group is the perpetrator of this attack.
Given their history of similar exploits, I find myself agreeing with this theory. -D. Schwed
At this time, BleepingComputer has not been able to independently confirm the involvement of the North Korean threat group in the Alphapo hack with blockchain analysis firms or law enforcement agencies.
We will update this post as soon as we know more.
See original here:
Lazarus hackers linked to $60 million Alphapo cryptocurrency heist - BleepingComputer