Cryptocurrency prices: Bitcoin and Ethereum rise, other tokens trade mixed CNBCTV18
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Cryptocurrency prices: Bitcoin and Ethereum rise, other tokens trade mixed - CNBCTV18
Screenshot from United24 website.
Ukraine has put out an international call to crowd-fund a fleet of 100 domestically built sea drones like the ones used in a late October attack on Russian Navy ships in the Black Sea.
On Friday, President Volodymyr Zelensky lent support to the United24 online campaign to solicit donations to build 100 of the naval drones that cost about $250,000 apiece.
We must defend the waters of our seas and peaceful cities from Russian missiles launched from ships, Zelenskiy wrote on the Telegram messaging app, reported Reuters.
The explosive-laden drones were used in an attack on Russian warships guided-missile Admiral Makarov and mine countermeasures shipIvan Golubets on Oct. 29. Video released from the drones showed one approaching Makarov and another was shown dodging fire from a Russian helicopter. At the time, Ukraine did not confirm or deny its involvement in the attack.
Following the attack, the Russian Black Sea Fleet has been kept mostly in port, USNI News reported on Monday.
During the larger attack on Oct. 29, several of the USVs penetrated the harbor. Drones eye footage released shows them operating near the warship piers deep inside the base. Russian reports that the drones reached Pivdenna Bay suggest that they got close to the submarines. A single Kilo-class submarine was present at the time, USNI News reported.
The United24 campaign outlined additional roles for the sea drones including shepherding grain shipments from Ukraine.
Drones can participate in long-range maritime reconnaissance and coastal surveillance, escorting and supporting the traditional fleet, convoying merchant ships, zoning in artillery fire, defending our bases and countering amphibious operations, reads the website United24.
The United24 campaign released additional details on the drones. The craft are 18 feet long, can carry up to 440 pounds in payload, has a range of about 500 miles and is capable of speeds of up to 50 mph.
The unmanned surface vehicles were first seen publicly on social media in September when one washed ashore near the Russian Navy base on the Crimean Peninsula.
H I Sutton Image used with permission
USNI News contributor H I Sutton contributor highlighted other features of the drone, including components from a Sea Doo recreational watercraft with a repurposed contact fuse from a Soviet-era bomb linked to an explosive payload.
In a statement, Zelensky asked for international support to grow the inventory of sea drones.
I am sure that millions of people will support this important area of Ukraines defense,hewrote of the naval drone fundraising campaign. Everyone has already seen how it works.
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Ukraine Launches Crowd Funding Drive for $250K Naval Drones
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Read More..Learn to operate end-to-end encryption for iCloud Backup on the new iOS 16.2 The Tech Outlook
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Learn to operate end-to-end encryption for iCloud Backup on the new iOS 16.2 - The Tech Outlook
Convergence of data science with education sector is phenomenal, says expert The Hindu
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Convergence of data science with education sector is phenomenal, says expert - The Hindu
Read More..Ethereum Shanghai hard fork could trigger mass sell-off in the altcoin, heres what to expect FXStreet
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Ethereum Shanghai hard fork could trigger mass sell-off in the altcoin, heres what to expect - FXStreet
One Altcoin Is Significantly Outperforming Bitcoin and Crypto Markets Amid Collapse in Trust, Says Analyst The Daily Hodl
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One Altcoin Is Significantly Outperforming Bitcoin and Crypto Markets Amid Collapse in Trust, Says Analyst - The Daily Hodl
David Moon| For the Knoxville News Sentinel
Kim Kardashian 'pleased' to settle SEC crypto endorsement charges
Kim Kardashian will pay $1.26 million to settle Securities and Exchange Commission charges over a cryptocurrency endorsement on Instagram.
Entertain This!, USA TODAY
FTX Cryptocurrency Exchange is a business that allows people to buy and sell digital currencies and other digital assets. Less than two weeks ago, it was a $32 billion crypto behemoth with celebrity endorsers such as Tom Brady (NFL) and Stephen Curry (NBA). Today the company is bankrupt, its founder Sam Bankman-Fried is sheltering in the Bahamas and its customers can no longer withdraw money (either actual money or digital dollars) from their accounts. Several sources report that up to a billion dollars of customer funds are missing.
It's not necessary to understand what a cryptocurrency exchange is to grasp this horrible situation. There are enough obvious red flags that anyone can learn from them.
Tom Brady and his (now ex) wife Gisele Bndchen were investors in the company and featured in a number of FTX ads. FTX is the safest and easiest way to buy and sell crypto, Brady declares in one ad.
Lesson: celebrity endorsements are worthless on any topic other than how to become a celebrity.
More on cryptocurrency:Crypto crash, inflation and more happened as people voted. Here's what's important and why
Ive written this before, but it bears repeating: if you dont understand something well enough to be able to understandably explain it to a 14-year-old, dont invest in it. I have yet to meet anyone who can clearly and understandably explain cryptocurrency.
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It is important to note that FTX was structured in a way to avoid as much U.S. regulatory oversight as possible. It wasnt a brokerage firm or bank, but in ways it operated a bit like each. Do not let the FTX debacle cause concern about the safety of your money at an FDIC-insured bank or an NYSE-member brokerage firm. FTX was neither.
There are plenty of problems with the Federal Reserve and U.S. monetary policy, none of which are going to be solved by digital currencies. The U.S. dollar may not be backed by gold, but it is backed by something even more valuable: the taxing and regulatory authority of the U.S. government. Digital currency is backed by little more than fear and greed. And stupidity.
If someone makes a stupid investment, he should bear the cost of failure. But if he is enticed to make the investment by an outright lie, the liar should be held accountable. In August, U.S. bank authorities ordered FTX to stop claiming that money and other assets on deposit with the company were FDIC insured. That ridiculously false claim alone should, in my opinion, earn FTX executives time in prison. If promotors benefit from making false claims to would-be investors and customers, yet suffer no serious consequences if things turn sour, new charlatans will always quickly take the place of the old ones.
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David Moon, president of Moon Capital Management, may be reached at david@mooncap.com.
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FTX Cryptocurrency company Tom Brady endorses collapsed