The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets. Source: https://cointelegraph.com/news/sec-may-challenge-ftx-crypto-repayment-plan?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Why Socialism Fails: A Misesian Perspective
Socialism, despite its promises of equality and social welfare, inherently fails due to its inability to perform economic calculation and its reliance on coercive control over the means of production. Ludwig von Mises, in his seminal work “Socialism: An Economic and Sociological Analysis,” provides a comprehensive critique of socialism’s flaws rooted in both economic and […] Source: https://news.bitcoin.com/why-socialism-fails-a-misesian-perspective/
Bitcoin miners see worst revenues in 11 months as difficulty climbs
August was the lowest revenue month for Bitcoin miners so far in 2024 and the worst revenue month since September last year. Source: https://cointelegraph.com/news/bitcoin-miner-monthly-revenue-11-month-low?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cardano’s Chang hard fork successful as it shifts to decentralized governance
The upgrade will transform Cardano governance over the next few months, enabling ADA holders to participate in the voting process. Source: https://cointelegraph.com/news/cardano-chang-hard-fork-successful-shifts-decentralized-governance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from 1.2 million […] Source: https://news.bitcoin.com/plastic-surgery-fails-to-help-crypto-scammer-evade-arrest-after-10-months/
Whales hoarding Bitcoin: Wallets with 100 or more hit 17-month high
Bitcoin whales have been increasingly active lately, gobbling up more crypto as smaller traders feel the pressure and sell their holdings. Source: https://cointelegraph.com/news/bitcoin-whale-wallets-hit-17-month-high?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon Musk
In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just two days ago, Musk took to X, declaring that the United States is “in the fast […] Source: https://news.bitcoin.com/government-overspending-puts-us-in-the-fast-lane-to-bankruptcy-according-to-elon-musk/
Dogwifhat, Popcat lead 7-day crypto slump, traders eye Oct breakout
Traders are bracing themselves for more pain in September but are looking to October and November with renewed optimism. Source: https://cointelegraph.com/news/dogwifhat-popcat-lead-7-day-crypto-slumpoctober-breakout?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635349503502&utm_campaign=rss_partner_inbound
Dogwifhat, Popcat lead 7-day crypto slump, traders eye Oct breakout
Traders are bracing themselves for more pain in September but are looking to October and November with renewed optimism. Source: https://cointelegraph.com/news/dogwifhat-popcat-lead-7-day-crypto-slumpoctober-breakout?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Russian Economy Sees Growth Despite Western Sanctions and Declining Imports
The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the GDP growth rate for the first half of the year reached 4.6%, compared to 1.8% in […] Source: https://news.bitcoin.com/99-arrested-in-philippine-crypto-scam-hub-raid-2/