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Host Jennifer Sanasie breaks down the news in the crypto industry from the surge in KAMA meme coin after Biden's dropout from the Presidential race to experts' prediction on India's crypto tax policy.To get the show every day, follow the podcast here."CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Vice President Kamala Harris-inspired meme coin KAMA rises on the news that President Joe Biden has dropped out of his re-election campaign. Plus, experts say that India is unlikely to change its controversial tax policy on crypto and BitForex announces that the exchange will open for withdrawals after a five-month outage spurred by Chinese police investigation.-This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Bitcoin is up slightly at $66,945 Eth is up slightly at $3,501 Binance Coin, is up slightly at $594 Ripple CEO Brad Garlinghouse says he expects the SEC to settle soon. Fractal ID says breach affected around 6k users. BitForex will soon re-open for withdrawals. Etherfuse raises $3M Learn more about your ad choices. Visit megaphone.fm/adchoices
Bitcoin Approaches All-Time High: Bitcoin's price has soared to $65,000, now just 6 percent away from its all-time high, signaling robust market confidence and investor interest. This surge underscores the growing mainstream acceptance and bullish sentiment surrounding the leading cryptocurrency.Record Inflows into Bitcoin ETFs: Bitcoin ETFs have experienced their second-best week in terms of inflows, indicating increased institutional and retail investment in cryptocurrency. This trend reflects a broader appetite for regulated and accessible avenues to participate in the crypto market.Short Sellers Face Losses: Cryptocurrency short sellers are reportedly incurring significant losses due to the current market upswing. This dynamic highlights the volatility and speculative nature of the crypto markets, where swift price movements can lead to rapid gains or losses.Marathon Mines Record Bitcoin Block: Marathon has mined the largest Bitcoin block on record, a notable achievement in the cryptocurrency mining industry. This event demonstrates the ongoing advancements and the competitive landscape within Bitcoin mining operations.Hong Kong Regulator Warns Against BitForex: The markets regulator in Hong Kong has issued a warning against the crypto exchange BitForex, advising investors to exercise caution. This warning highlights the ongoing regulatory scrutiny and concerns regarding the operation and transparency of cryptocurrency exchanges.________News Links
27th Feb : Crypto & Coffee at 8
What a 24 hours it's been! From seemingly nowhere, everything has gone parabolic; Bitcoin rallied 11%, BRC-20 tokens and layer-2s are pumping, and spot Bitcoin ETFs notched an all-time high in volume for a single day. As always, many are saying the bull run has started, and forever the skeptic, I resist the claims, but I'm running out of objections. Is it finally here?Further reading:Bitcoin short sellers are out $161M as Bitcoin surprises with 11% rally — Tom MitchelhillBitcoin L2 tokens surge double digits as BTC notches 25-month high — Martin YoungCrypto exchange BitForex halts withdrawals, stops responding to users — David AttleeRiot Platforms, other miners still see chip shortage, ESG regs as risks — Brayden LindreaCrypto users could ‘make a difference in a close election' in the US — CoinFlip CEO - Turner WrightSo, grab yourself a coffee, and let's get into it!Rise'n'Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph's Twitter: @CointelegraphCointelegraph's website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants' alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast's participants may or may not own any of the assets mentioned.
South Korea's Crypto Conversations with Gary Gensler: South Korea has engaged in discussions with SEC Chairman Gary Gensler, focusing on the integration of NFTs and the potential for a crypto ETF. This dialogue indicates a growing international interest in establishing regulatory frameworks that could accommodate the evolving landscape of digital assets, including the burgeoning NFT market.BitForex's Mysterious Outflow and Site Downtime: The cryptocurrency exchange BitForex has experienced significant operational disruptions following a reported $57 million outflow. This event has raised concerns within the crypto community regarding the security and reliability of crypto exchanges, highlighting the ongoing challenges faced by platforms in maintaining user trust and safeguarding assets.Playing Super Nintendo with Bitcoin: An innovative approach allows gamers to play Super Nintendo classic games using Bitcoin, blending nostalgia with modern cryptocurrency technology. This unique integration demonstrates the versatile applications of Bitcoin beyond traditional financial transactions, tapping into the vast gaming community.Historical Analysis of Bitcoin's Market Cycles: A detailed review from Altcoin Investor presents an overview of Bitcoin's bull and bear market history, offering insights into the cryptocurrency's price fluctuations and market dynamics over the years. Understanding these patterns can provide valuable context for investors and enthusiasts looking to navigate the volatile crypto market.________News Links
Hey, VeVe fam, if you live in the US, have purchased OMI in 2022, and want to include those transactions in your taxes, this episode is for you. I (Will) had this major problem where I could not find my 2022 transactions (BitForex confirmed this is a problem), so I had to go back and forth with them. I am close to getting the complete solution, but not there yet. I hope this will be helpful for you in case you run into the same problem.
https://discord.gg/Fvmet8sWe dive deep into bitcoin and cryptocurrencies in this episode and figure out all the details on why you should invest in bitcoin or some of these other up and coming alt coins. Seth is very knowledgable on cryptos and so is Parker so I figured why not bring them together to better help myself and others understand what cryptocurrency is and that its not too late to invest.song: Tom and Jerry / Slightly Stoopidemail me at RoganAndRunescape@gmail.com if you have an interesting experience or perspective on life you'd like to share. (Bitcoin History)So what is a bitcoin, who invented it and what makes bitcoin dif than other cryptos. What is an Altcoin/Shitcoin2009 Bitcoin popped upSatoshi Nakamoto/Silkroad/Mt. Gox hack4chan 2009 there was discussion of cryptos in order to place purchases thru silkroadin 10yrs the Bitcoin lows have increased by multiplesBitcoin is Decentralized moneyBlockchain technology(Bitcoin now)Bitcoin gaining popularity in the media and with the public, has made bankers and corporations start thinking about cryptos to create their own cryptos "facebooks libra"Bull run VS Bear marketEthereum 2013 theorized, 2014 releasedimnflation of USD & how stimulus's have affected people investing in cryptoPCRUSEN - NFT'sHow do people investWhy should people invest in crytpoDogecoin "infinite tokens"1 bitcoin value = Sep1/2017 NOV17-20/2017
Garrett Jin is the CEO of Bitforex which is a top-10 exchange and as you all know I have been looking for an exchange that offers orders with stops linked and risk parameters clearly defined along with margin trading. I put these questions forward to this young and accomplished CEO to see if he will help us! See acast.com/privacy for privacy and opt-out information.
The Weekly Crypto Recap: Get all your crypto news from the week in fun Friday afternoon recap, with Chris Karabats from SmartCash and Naomi Brockwell from CypherStreet! This week: Kraken delists BSV citing community support, and Bitforex releases statement saying they will not join the #delistbsv movement Rakuten, Japan's answer to Amazon, opens its doors to crypto Coinbase stakes coins for institutional investors IMF and world bank launch "Learning Coin" Andrew Yang asks for clarity in blockchain regulation IBM Blockchain working with volkswagen, nestle, and carrefour FinCEN penalizes peer-to-peer bitcoiner for "unlicensed money transmission" from actions in 2012 Bitcoin fees jump to nearly 1 year high UBS says it "may take 20 years for btc price to get back to $20k" To watch the video version of this track, visit https://youtu.be/-PFAj_cRF4o
Garrett Jin is the CEO of Bitforex which is a top-10 exchange and as you all know I have been looking for an exchange that offers orders with stops linked and risk parameters clearly defined along with margin trading. I put these questions forward to this young and accomplished CEO to see if he will help us! See acast.com/privacy for privacy and opt-out information.
Today we’re getting super political, so Karim is all excited. Don’t worry, we’re talking about it being related to Crypto. The House had a hearing and we break down some opinions of some people in Congress. We also go on to talk about a couple of scams from across the globe. It’s Flagship Friday-ish on the CryptoBasic Podcast. Rapid Fire ZCash/ YCash Fork happened today Thursday at block 570,000. If you own ZCash you'll be getting it at 1:1 ratio YCash is being made to restore mining on commodity hardware which was largely abandoned on the ZCash blockchain. 27% of the enterprises plan to invest roughly between $1-$5mill in blockchain over the next 12 months. Source Deloitte & Touche Reddit Co-founder Alexis Ohanian invests $3.75 mill with a Hearthstone competitor using ERC-1155 tokens bought with DAI The funds have been used to scale up production on a new card game called Skyweaver and a gaming platform called Arcadeum. "Trading card from another dimension". Also Gods Unchained, another blockchain card game using ERC-721 tokens (nfts) has had a 50% increase in games played in the past week. You can hold these in Enjin wallet. Brave ads are live on Android. Litecoin has sponsored the Miami Dolphins All Kinds of US Policiking about Libra. This was 7 hours long. Donald Trump - (R) Does not like BTC (no obvious opinion on Libra) Tom Emmer - (R) Anti Libra, seems to be pro BTC "Individuals insistent on the exclusion of middlemen and the freedom of the individual will continue to create open networks separate from central control. Unfortunately Libra is not designed to minimize middlemen. It in fact relies on them." Kevin McCarthy - (R) Anti Libra, pro BTC "I like bitcoin "Likes decentrlaized nature of BTC "I want to see decentralization because Libra concerns me that they're going to control the market" Ron Paul - (R/I) Pro Crypto, No stance on libra. Treasury Secretary Munchin - Pro Crypto/ BTC, and says Treasury is OK with it with full AML. He was not comfortable with Libra, but was not anti-Libra. Denver Riggleman - (R) He knows his shit. Started right away asking questions about open source, whitepapers, he actually looked at the code and knew that it was written in Rust. Dude checked Github, mentioned who was building the Libra core, asks about scalability issues and why Rust was chosen as the language. Specifically grilling him about the "nightly build" of Rust and why it was being used. David Marcus couldn't actually answer that. House Democrats released a bill called "Keep Big Tech Out of Finance Act" which was anti - Libra, but not pro BTC/ Crypto. Patrick McHenry - R - Skeptical of Libra - Clearly Pro Crypto - Did not take a clear anti Libra stance. Said it could be a plot to increase Twitter presence lol. Warren Davidson said - There's bitcoin and there's shitcoin. (R) Unclear stances Colloquially, Shitcoin Wednesday, July 17th 2019 a Congressman asked Meltem Demirors about shitcoins. How is this real life???? Brad Sherman - D - Anti Libra, calls it Zuck Buck. Very Anti-Crypto. Anti Crypto, compares it to “We’re told by some that innovation is always good. The most innovative thing that happened this century is when Osama bin Laden got the innovative idea of flying two airplanes into towers,†Says Libra is more dangerous than Al Queda. (Market Cycles)500 Lets talk about the psychology of a market cycle. Disbelief, hope, optimism, belief, thrill, euphoria, complacency, anxiety, denial, panic, capitulation, anger, depression, disbelief Simplified market cycle - peak,trough, contraction, expansion (Tether’s $5 Billion Error Exposes Crypto Market’s Fragility) A little reminder that this is still a young market with an infastructure in construction Saturday (7/13) Tether mistakenly created more than $5b in an instant, (marketcap rn $3.9b) Article claims sudden flood spooked the market & btc dropped by 12% About 60% of BTC trading is done with Tether And we've already had the NY AG saying Tether used reserves to cover up $850m in missing funds Basically Poloniex needed to move $50m Tether from Omni network to Tron LOL - The Tether EMPLOYEE who processed the order accidentaly created and sent Poloniex $5b Tether instead of $50m CTO Tweeted it was "an issue with the token decimals, fat finger error" Crypto Around the World U.S. foes are weaponizing cryptocurrency says new report New Study by the Foundation for Defense of Democracies (FDD) Says US adversaries are using crypto to "circumvent the nation's geopolitical supremacy" Focused on Venezuela, China, Iran, and Russia All of these have been aggressively working on blockchain currencies or networks Venezuela backed with oil, Iran is launching one backed with Gold FDD warns that digital currencies, especially those backed by commodities, will make sanctions much harder to enforce Most worried about China, with massive tech its digital currency could compete with dollar based financial system Also fears that nations will just invest in current systems, like Russia is believed to be investing in btc Found the Report itself, Overview of findings Venezuela, Maduro, & the Petro - Total debacle, they did not build the economic or technical infrastructure to make the petro useful to citizens and international trading partners. But it will serve as case study for other nations Basically how the US financial dominance is at risk if any crypto becomes popularly used and an alternate financial infrastructure is created But who is the FDD That name already sketches me out big time Washington THinktank focused on "national security and foreign police" (not exactly what you would think of but maybe) Their own about Founded shortly after the attacks of September 11, 2001, FDD conducts actionable research, prepared by experts and scholars from a variety of backgrounds Started looking at their headlines Undeterred Cyber Adversaries Require a More Aggressive American Response As tensions escalate, U.S. must intensify pressure on Iran and the IAEA Australia should place unilateral sanctions on Iran Oman’s Growing Ties with Iran Threatens its Neutrality: FDD Report Long story short - they're just a neocon think tank, hawkish and super pro war. And their funding explains their bias, from their 2011 tax filings "Most of the major donors are active philanthropists to 'pro-Israel' causes both in the U.S. and internationally. With the disclosure of its donor rolls, it becomes increasingly apparent that FDD’s advocacy of U.S. military intervention in the Middle East, its hawkish stance against Iran, and its defense of right-wing Israeli policy is consistent with its donors’ interests in 'pro-Israel' advocacy" Thats a scam! For $15k You Can Fake Trading Volume A 20 year old at Moscow State University, Andrey Andryunin, (Let's go MSU!!) talks about his company that he co-founded called Gotbit. It inflates trading volume on obscure crypto exchanges for a fee to ultimately get listed on Coin Market Cap. Programs a bot to trade tokens back and forth with each other (what do we call that Karim??) wash trading. Exchanges know about it but don't care too much to stop it. Hotbit based in Shanghai and BitForex out of Hong Kong are two exchanges that Gotbit uses. Gotbit was found to be one of 14 exchanges that basically had zero genuine trading outside of wash trading in a report by Alameda Research, a crypto trading firm. A lot of the coins are top 300-500 market cap trying to appease their investors, maybe make an exit eventually, but ultimately only 2 or 3 of the 30 or so Gotbit clients have a working business model and have reached the point of building an actual product. Adryunin does go on to say that this isn't exactly an ethical business and that if this was on NASDAQ he knows it would be a financial crime. Both him and his cofounder understand there is incoming regulation from the Financial Action Task Force which will regulate crypto related services and exchanges so they are pivoting to other more legitimate things like offering IEOs NovaChain Had no idea what it was. It was yet another Lending platform that was based off of "High frequency trading bot passive income" Deleted its website and email list and all social networks. Loss was in the millions. Twitter users were tweeting tons of numbers.