Monthly Archives: June 2022

US Arrests Former Employee of Opensea NFT Marketplace in ‘First-Ever Digital Asset Insider Trading Scheme’

The U.S. Department of Justice (DOJ) has indicted an employee of non-fungible token (NFT) marketplace Opensea in what the department called the “first-ever digital asset insider trading scheme.” DOJ Indicts Former Opensea Product Manager The DOJ announced Wednesday the unsealing of an indictment charging Nathaniel Chastain, a former product manager at Ozone Networks Inc. (aka Opensea), in its “first-ever digital asset insider trading scheme.” Chastain was arrested Wednesday morning in New York. The Justice Department explained that from June to September 2021, the defendant allegedly used Opensea’s […]

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Is This Mobile Banking? — Bitcoin On The Go

The story of a Lightning Node and a road trip, showing just how mobile your Bitcoin experience can be. This is an opinion editorial by Anthony Feliciano, a Bitcoin event organizer and Bitcoin Magazine contributor. A couple of years ago, I had an issue when my power went out at my apartment, and my RaspiBlitz went offline. It was the start of a new project, i.e., “how do I prevent this from happening again?” I won’t go into the technical setup in this article, as I have […]

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Bitcoin, Personality And Development Part Three: Bitcoin Truth And Speech

Bitcoin returns the world to a state of truth, which will have incredible ramifications on the feedback mechanisms we exist under. This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Svetski Wake Up Podcast.” Part 3, Chapter 4 of the JBP series. Tyranny cannot feed on truth, for it is poison to its system of lies. In that sense, Bitcoin is “poison” to the “rat” known as the state. — Warren Bitfet, the Bitcoin […]

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3 reasons why Ethereum price is pinned below $2,000

ETH price is meeting strong resistance at the $2,000 level and these trading metrics explain why. Ether’s (ETH) market structure continues to be bearish despite the failed attempt to break the descending channel resistance at $2,000 on May 31. This three-week-long price formation could mean that an eventual retest of the $1,700 support is underway. Ether/USD 4-hour price at Bitstamp. Source: TradingView On the non-crypto side, a number of equities-related factors are translating to negative sentiment in the crypto market. This week Microsoft (MSFT) lowered its profit and […]

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401(k) provider ForUsAll sues US Labor Dept over anti-crypto compliance release

The retirement plan fiduciary says warning about investigation of 401(k) plans that include cryptocurrency constitutes encroachment on private rights. ForUsAll, a 401(k) retirement provider, filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. on Thursday. The company is seeking the withdrawal of a DOL compliance assistance release issued in March, citing the Administrative Procedure Act, which safeguards against arbitrary official encroachment on private rights. The DOL release warned that the department’s Employee Benefits […]

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The Red Village Announces $6.5M Seed Round Led by Animoca Brands and GameFi Ventures Fund

PRESS RELEASE. 3 June, 2022 — Sydney, Australia: Play-and-Earn game The Red Village has announced $6.5M in seed funding from some of the world’s leading blockchain investors, including Animoca Brands and GameFi Ventures Fund, to create an immersive dark-fantasy ecosystem targeted at traditional gamers. Animoca Brands is the global leader in gamification, blockchain, and metaverse projects, with a portfolio of more than 170 investments in NFT-related companies and decentralised projects that are contributing to building the open metaverse. These projects include The Sandbox, the world’s premier metaverse and Phantom […]

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Is Bitcoin Immune To Government Regulation?

Law, markets, architecture and social norms are forces that constrain individuals’ behavior. Can governments take advantage of these to regulate Bitcoin? Jesse Colzani is a regulatory specialist and Bitcoin researcher. When asked whether the Bitcoin network can be regulated or not, people tend to answer in a binary way. On one side, there are those who say that everything can be regulated. On the other, there are those who believe that Bitcoin has already irreversibly separated money from the state. This article is an attempt to better […]

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Ethereum’s Merge FOMO isn’t priced in, making a spike to $2.6K a possibility

Ethereum’s price action hangs around major swing lows despite the all-important Merge network upgrade. Analysis suggests ETH is discounted below $2,000. In a May 30 tweet, Ethereum (ETH) core developer Tim Beiko confirmed that the much-anticipated switch from proof-of-work to proof-of-stake can be expected “around June 8 or so.” Interestingly, Ether’s price action is relatively unchanged despite the unexpected bullish announcement. There was a +10% spike on May 30, but those gains were given back between May 31 and June 2. It is very likely that this […]

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Kanye West Files Trademarks Describing NFT Technology After Denouncing the Digital Collectible Concept

According to trademark filings with the United States Patent and Trademark Office (USPTO), the American rapper Ye (commonly known as Kanye West) is getting into the world of non-fungible tokens (NFTs) and the metaverse. The record producer’s company Mascotte Holdings Inc. filed 17 trademarks, and parts of the trademark summaries describe digital collectibles like NFTs. Kanye West: ‘Do Not Ask Me to Do a F***ing NFT … Ask Me Later’ On Wednesday, trademark attorney and founder of Gerben Intellectual Property, Josh Gerben, tweeted about rapper and musician […]

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Winklevoss-Owned Bitcoin Exchange Gemini Being Sued By Regulators

Gemini, a cryptocurrency exchange, is being sued by the CFTC on allegations of false statements made to obtain certification for bitcoin futures contracts. Gemini, the Winklevoss-owned cryptocurrency exchange based in New York, is being sued by the CFTC. The lawsuit alleges that Gemini misled the regulator in conversations concerning the launch of bitcoin futures contracts. Gemini looks forward to “definitively proving” the allegations to be false. The Commodities Futures Trading Commission (CFTC) is suing cryptocurrency exchange Gemini Trust Company LLC for “making false or misleading statements of […]

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