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Showing posts from June, 2023

Bitget Sees Surge in Latin American Users Amidst Regulatory Pressure on Binance and Coinbase

Bitget is experiencing a significant increase in new accounts in Latin America with the region witnessing a surge in users following regulatory lawsuits against major competitors Binance and Coinbase . Latin American Users Flock to Bitget The popular crypto exchange Bitget has reported a 43% rise in new user registrations in Latin America from June 6 to 9 which surpasses the daily averages . The growth is particularly remarkable in Brazil and Argentina where the market share has expanded significantly . Brazil saw a 54% surge in new clients which was accompanied by a 208 % increase in total deposits . Meanwhile Argentina witnessed a 33% rise in its customer base with an 87 % growth in funds that are deposited . Bitget also operates in other Latin American countries such as Venezuela, Colombia and Mexico and has seen its total deposits in the region increase by 134 % in recent days . FOR MORE INFO:  https://coinindexnews.com/bitget-sees-surge-in-latin-american-users-amidst-regulator...

SEC Escalates Pressure on Crypto: Lawsuits Target Binance and Coinbase

The US Securities and Exchange Commission (SEC) has filed lawsuits against two of the largest cryptocurrency exchanges which are called Binance and Coinbase . The news of these legal actions had an immediate impact on the market with Bitcoin initially experiencing a sharp decline and then only to recover and surpass $27,000 . But as the SEC’s pressure continued Bitcoin dropped to as low as $26,100 . Bitcoin Traders Unfazed by Regulatory Pressure Experts Bitcoin traders closely watched the situation and their observations reveal a notable resistance among traders in the face of SEC pressures . According to a report from Coindesk this lack of unrest is an indication of investors anticipating and factoring in the regulatory actions beforehand . A cryptocurrency trader Christopher NewHouse has made a comment stating that “Traders are unlikely to be concerned about the SEC’s pressures . Regulatory concerns have been a topic of discussion since the beginning of 2023 and the market has alread...

The Complexities and Challenges of Blockchain Technology Explored

As the media coverage of blockchain technology grows there is a tendency to portray it as an all-encompassing blessing . But experts warn that the technology is still not fully understood and much of the commentary that surround it lacks extensive knowledge . Blockchain is still being explored and tested which makes it challenging to make definitive claims about its functionality and security . The Complexity of Creating and Implementing Blockchain Blockchain relies on complex cryptographic technologies and creating a functioning blockchain system requires significant expertise beyond basic coding skills . The complex nature of blockchain technology with its multitude of interconnected points and chains makes its development and problem solving equally challenging . Building a successful blockchain network goes beyond using simple terms and involves comprehensive knowledge . FOR MORE INFO:  https://finvestime.com/the-complexities-and-challenges-of-blockchain-technology-explored/

Dogecoin Holders Remain Resilient Amid Downturn, Awaiting Potential Recovery

Dogecoin (DOGE) has gone through a 10% drop in value over the past month and reached a new 2023 low on Monday . Despite this long-term DOGE investors have demonstrated resistance and have been determined to avoid significant losses . Will their steadfastness be enough to initiate a potential Dogecoin recovery? Just like many memecoins, Dogecoin entered a downtrend on Monday following the SEC lawsuit against major exchanges Binance and Coinbase . However on Wednesday DOGE witnessed a slight 2% rally which was driven by the conviction of long-term investors who were hesitant to sustain further losses . This suggests that a core group of investors are holding on to their DOGE positions and potentially laying the foundation for a rebound in the near future . Data seized from IntoTheBlock reveals a notable increase in the number of diamond hand addresses that refer to long-term holders who keep their coins for a year or more . Between May 2nd and June 7th the number of long-term Dogecoin ho...

SEC Chairman Says Modern World Doesn’t Need More Digital Currencies

During a recent interview on CNBC SEC Chairman Gary Gensler made a bold statement and declared that the modern world does not require additional cryptocurrencies or digital assets . Gensler argued that existing digital currencies like the US dollar, euro and yen already serve as digital forms of money and investments . Cryptocurrency Exchanges Function as Unauthorized Financial Institutions, Says Gensler The SEC accused Coinbase of illegally combining the functionalities of an exchange, a broker and a clearing agency . Meanwhile Binance faced allegations of mixing corporate and user funds which were sent to a company controlled by its founder Changpeng Zhao . Gensler criticized these cryptocurrency trading platforms for integrating multiple features that go beyond the bounds of traditional financial institutions . “We do not see in traditional finance that the NYSE also manages the hedge fund markets” Gensler said . He pointed out the concerns about the complex nature of these exchange...

Brazilian Chamber of Deputies to Crack Down on Cryptocurrency Scams

Get ready for some serious action as the Brazilian Chamber of Deputies gears up to launch the Parliamentary Inquiry Commission (CPI) of the Financial Pyramids . This exciting initiative born out of the determination to combat fraudulent operations involving cryptocurrencies will commence on Tuesday June 6th . Brace yourselves folks. Brazil’s Crypto Economy Levels Up! It’s a game changer folks. The approval of PL 4401/2021 which I gotta say Deputy Áureo Ribeiro (Solidariedade-RJ) deserves major props for is a historic milestone for Brazil’s crypto economy . We’re talking about the land of samba and football now rubbing shoulders with first world nations in terms of providing legal security and opportunities for economic and financial growth . Say goodbye to the old and hello to the new my friends. FOR MORE INFO:  https://fincurrency.net/brazilian-chamber-of-deputies-to-crack-down-on-cryptocurrency-scams

Life Insurance: Pros and Cons of Non-Guaranteed and Guaranteed

Fifty years ago almost every life insurance policies sold were guaranteed and offered by mutual fund companies. Choices were limited to either term or endowment or whole life. You paid a high set premium and the insurance company guaranteed the death benefit. All of that changed in the 1980s. Interest rates soared and policy owners surrendered their coverage to invest the cash value in higher interest-paying non-insurance products. Life Insurance: Guaranteed vs. Non-Guaranteed Policies In these days companies mostly offer a broad range of guaranteed and no guarantee life insurance policies. A guaranteed policy is one in which the insurer assumes all the risk and contractually guarantees the death benefit in exchange for a set premium payment. If investments underperform or expenses rises then the insurer has to absorb the loss. With a no guarantee policy the owner in exchange for a lower premium and possibly better return, is assuming much of the investment risk as well as giving the i...

How to Set up and Utilize Trust Wallet Browser Extension

So you want to try the Trust Wallet Browser Extension and take your step into the crypto world. In this guide we’ll walk you through the simple steps to setting up and using the Trust Wallet Browser Extension giving you access to thousands of Web3 dApps , token swaps , gaming experiences and more. Trust Wallet has become a preferred choice for over 60 million cryptocurrency enthusiasts around the world. However Trust Wallet was primarily designed for mobile devices leaving many frustrated when trying to connect to dApps . This has all changed since the release of the Trust Wallet Browser Extension making it easier to connect your crypto wallets to decentralized apps. What is Trust Wallet Browser Extension? The Trust Wallet browser extension is a secure multi chain crypto wallet and gateway to thousands of Web3 decentralized applications (dApps) . It allows users to securely store, send and receive a wide range of digital assets and interact with decentralized applications (dApps) on th...

Earnify: The Ultimate Native Advertising Platform for Unmatched Results

The leading self-serve native advertising platform Earnify has quickly established itself as the go-to solution for advertisers looking to drive high-quality traffic, build brand recognition and achieve exceptional results . Having over 800 active advertisers and more than 9,000 campaigns running, Earnify’s extensive network serves billions of bid requests each month, which makes it a powerhouse in the industry . This review article will delve into the pros and cons of this innovative platform and will provide an in-detail analysis of the features it provides . Unparalleled Benefits for Advertisers Earnify offers a wide range of benefits for advertisers seeking to maximize the reach and effectiveness of their campaigns . Some of the advantages are listed below . With direct integration with over 30 networks Earnify processes a surprising amount 20 billion bid requests per day through its Demand Side Platform . Earnify values transparency and thus provides advertisers with in depth repo...

Missing Bitcoin millionaire found dead in Lake Ozark

Dr. John Forsyth, aBitcoin millionaire and founder of Onfocoin, was found dead in Lake Ozark, Arkansas, shortly after he disappeared. News of the death of emergency room doctor and cryptocurrency entrepreneur John Forsyth, who was reported missing on May 21 after he failed to show up at Mercy Hospital in Missouri, finally came to light. According to the spokesperson for the sheriff’s department, Forsyth was found dead in the water with what looked like a gunshot wound. Investigation into this death is being worked on with Benton County detectives, the Barry County Sheriff’s Office, the Cassville Police Department and the Missouri State Police. FOR MORE INFO:  https://finvestime.com/missing-bitcoin-millionaire-found-dead-in-lake-ozark/

US Debt Ceiling Agreement Blocks Proposed 30% Tax on US Cryptocurrency Mining

The US Debt Ceiling Agreement is causing quite a stir with its latest update . The controversial Mining Related Energy Consumption (DAME) excise tax provision originally suggested by the Biden administration has been unexpectedly removed from the deal . This unexpected twist has sparked debates and raised questions about the fate of the tax and what it means for the cryptocurrency mining industry . The Controversial Mining-Related Energy Consumption (DAME) Tax Provision Removed from the Deal Back in March President Biden tossed around the idea of slapping an excise tax on energy usage in cryptocurrency mining . The goal was to tackle the economic and environmental costs associated with mining digital assets, which have been on the rise lately . FOR MORE INFO:  https://metaversegazette.net/us-debt-ceiling-agreement-blocks-proposed-30-tax-on-us-cryptocurrency-mining/

CoinTracker Review 2023: Simplify UR Crypto Tracking

Looking for a hassle free way to keep track of your cryptocurrency investments. Say hello to CoinTracker . Thispowerful tool is designed to simplify the complex world of managing digital assets . With cryptocurrencies gaining popularity CoinTracker steps in as the go to solution for effortlessly monitoring your investments across different platforms and wallets . In this review, we’ll dive into the exciting features ,user-friendliness and benefits of CoinTracker shedding light on why it has become a top choice among crypto enthusiasts. User-Friendly Interface and Intuitive Design CoinTracker gets a thumbs up for its user friendly interface and intuitive design . Even if you’re a crypto newbie navigating through the platform is a breeze . The dashboard provides a clear snapshot of your portfolio’s performance displaying realtime updates on the value and distribution of your assets . CoinTracker seamlessly integrates with various exchanges , wallets and blockchains making it super easy t...

MicroStrategy Founder Michael Saylor Predicts All Major Banks Will Embrace Bitcoin

Since August 2020 MicroStrategy, a prominent NASDAQ-listed company has been actively accumulating bitcoins amassing a substantial reserve that now reaches 140,000 BTC . At the forefront of this strategic move is MicroStrategy’s founder Michael Saylor who has become a staunch advocate of Satoshi Nakamoto’s invention . Bitcoin: The Digital Successor of Gold, According to Michael Saylor In an interview with Kitco News Saylor reaffirmed his unwavering support for Bitcoin considering it as “the digital successor of gold .” He emphasized that this decentralized digital currency will play a pivotal role in the future becoming an essential asset .   FOR MORE INFO:  https://finvestime.com/microstrategy-founder-michael-saylor-predicts-all-major-banks-will-embrace-bitcoin/