Crypto Wallets – Innovative Words http://innovativewords.com/ Sun, 19 Sep 2021 19:19:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://innovativewords.com/wp-content/uploads/2021/04/default.png Crypto Wallets – Innovative Words http://innovativewords.com/ 32 32 Instagram threatens to delete artist account for selling cocaine NFTs https://innovativewords.com/instagram-threatens-to-delete-artist-account-for-selling-cocaine-nfts/ https://innovativewords.com/instagram-threatens-to-delete-artist-account-for-selling-cocaine-nfts/#respond Sun, 19 Sep 2021 15:17:37 +0000 https://innovativewords.com/instagram-threatens-to-delete-artist-account-for-selling-cocaine-nfts/ It turns out that digital cocaine is a lot harder to sell than the real stuff. Coca Crypto Colombian artist sells ‘cocaine’ NFTs and finds that some of his biggest opponents are not rival law enforcement or drug lords, but social media platforms instead. Camilo Restrepo, an artist based in Medellín, sold the NFTs on […]]]>

It turns out that digital cocaine is a lot harder to sell than the real stuff.

Coca Crypto

Colombian artist sells ‘cocaine’ NFTs and finds that some of his biggest opponents are not rival law enforcement or drug lords, but social media platforms instead.

Camilo Restrepo, an artist based in Medellín, sold the NFTs on OpenSea since June 17, according to Grab. This is part of an art project called “a ToN oF coke” which is made up of “1,000 one kilo collectible packets of cocaine that can be legally detained”. The images themselves are simply white 3D rectangles on a gray background.

Hammer of prohibition

Although completely legal, Restrepo’s artwork has been difficult to market on social media. Indeed, each time the artist tries to promote or market his project, he is inevitably banned or his messages are deleted.

For example, he created a Twitter account for the project in July that tweeted whenever a kilogram was sold – to have the account flagged and suspended within days.

“I guess the algorithm doesn’t differentiate between crypto-cocaine and the real thing,” Restrepo said. Grab.

He is also not doing well on Instagram where two of his posts were deleted due to the site’s rule on “selling illegal or regulated goods,” according to the platform. Restrepo was told that if he deleted a third post his account would be banned entirely – so he stopped posting about it altogether.

Money laundering

Coincidentally, digital cocaine sales are surprisingly similar to actual illicit drug sales – or at least that’s in Colombia where a stigma hangs over the country’s violent history with drugs.

Banks nationwide have blocked sales of NFTs and even imposed stricter security measures on the purchase of US dollars, which is required to secure certain cryptocurrencies. However, Restrepo found an interesting workaround: he transferred ether into the crypto wallets of his clients, who in turn transfer Colombian pesos to his bank account. When a kilo of NFT is purchased, the Ether returns to the artist.

“It really mimics the cocaine laundering circle,” Restrepo said Grab. ” For many [drug] today’s shipments are paid for with crypto which is then exchanged for cash.

READ MORE: Meet the Colombian artist trying to move a ton of cocaine… NFTs [Input]

Learn more about NFTs: SpaceX tourist spacecraft will be loaded with dozens of NFTs

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NFT in brief: a weekly review https://innovativewords.com/nft-in-brief-a-weekly-review/ https://innovativewords.com/nft-in-brief-a-weekly-review/#respond Sat, 18 Sep 2021 20:24:01 +0000 https://innovativewords.com/nft-in-brief-a-weekly-review/ Another week of high-flying action in the NFTs. Art Blocks and CryptoPunks saw nice increases in sales volume last week, while Axie Infinity and Bored Ape Yacht Club saw less volume week over week but remain firmly in the high position. Meanwhile, OpenSea has made the headlines for more than one reason. Dapper Labs has […]]]>

Another week of high-flying action in the NFTs. Art Blocks and CryptoPunks saw nice increases in sales volume last week, while Axie Infinity and Bored Ape Yacht Club saw less volume week over week but remain firmly in the high position.

Meanwhile, OpenSea has made the headlines for more than one reason. Dapper Labs has found a premium partner with Google. And more than one NFT project made the news this week for charitable giving.

Let’s dive into these stories and more with this week’s “NFTs In A Nutshell”.

News of this week’s non-fungible tokens

OpenSea struck with the Insider Trading Flak

OpenSea came under fire this week after admitting insider trading by product manager Nate Chastain. Chastain was held in high regard by the NFT community, but the beauty of blockchain lies in its inherent transparency in anonymity. Twitter user @ZuwuTV appeared to dive deep into Chastain’s wallets, even pairing Chastain’s CryptoPunk (used as a Twitter avatar and a crypto wallet) to correlate the activity. The allegations, later confirmed by OpenSea, of @ZuwuTV concluded that Chastain was buying OpenSea front page NFTs before they went live, using their front page appearance to generate profit.

OpenSea has since issued statements, concluding with policy changes, a third-party audit, and the request and acceptance of Chastain’s resignation. After the NFT boom we witnessed in August, September has been a tough month for OpenSea, after last week’s Nutshell highlighted the OpenSea “burn bug” that resulted in NFTs. involuntarily burned.

Dapper Labs partners with Google

Dapper Labs, creators of Top Shot, CryptoKitties and the Flow Blockchain, caused a sensation this week with a new premium partner, Google. Google Cloud will be a member of the Flow network as part of an agreement that will strengthen Flow’s ability to scale. Developers on Flow will be able to better integrate with Google Cloud software.

Google and competitors such as Amazon and Microsoft continue to make strides in optimizing integrations with blockchain-based projects. Don’t be surprised if more offers like this continue to emerge.

John Cena’s NFT Flop

WWE professional wrestler and actor John Cena posted an NFT series last month. The result can be aptly described by Cena himself – a “catastrophic failure”.

Cena sold 37 of the 500 available NFTs, priced at $ 1,000 each. The NFTs also included physical items, but Cena himself seemed to recognize the price was just too high. However, the mix is ​​not limited to a simple price. DraftKings and Autograph have done a great job working with sports stars to deliver NFTs with prizes of $ 1000 + and limited supply.

Another testament that NFT assessment is certainly more of an art than a science.

Related reading | The show Andy Milonakis NFT, ép. 4 – Interact with the NFT community

OpenSea takes NFTs on your mobile device

Despite the drama of the kickoff of the week for OpenSea, the main NFT platform managed to have some good news to balance the week. OpenSea launched an iOS and Android app on Thursday, allowing users to connect their OpenSea profile and discover new NFTs on the market. The app is believed to be potentially in a phased launch phase as buying and selling is not yet supported. The timing of the announcement also raised eyebrows, given this week’s insider trading headlines.

Still, supporting in-app payments is likely to be one of the biggest hurdles for OpenSea’s mobile apps. It will likely take a long time to sustain sales, but a mobile presence is arguably long overdue for the platform.

Solana has become a platform that continues to be in the discussion around new NFT projects. While not all projects have been embraced with a warm welcome, many have come to market with great intentions. | Source: SOL-USD on TradingView.com

A “Trippy” donation of a quarter of a million dollars

Solana found a corner in the NFT market which has carved out a loyal following. While some “duplicate” projects have been criticized, there are a number of projects that have had substantial positive impacts in the Solana NFT community.

One of those projects our team highlighted this week is Trippy Bunny NFT. The project announced this week that 100% of the proceeds from the sale of mint will be donated to the American Foundation for Suicide Prevention. That number is just under a quarter of a million dollars, all going to AFSP through The Giving Block.

TVNs that have a positive impact on society? You like to see it.

Freddie Mercury NFT up for auction

Queen frontman Freddie Mercury would have turned 75 next week. To honor Mercury, four NFTs will air next week on SuperRare for 75 hours. Proceeds will go to the AIDS charity, The Mercury Phoenix Trust, founded by other Queen members and the group’s manager.

Related reading | Survey Finds One in Four U.S. Teens Would Prefer to Invest in Crypto

Featured image from Pixabay, Charts from TradingView.com


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Mastercard UK announces NFT giveaway with Jose Mourinho https://innovativewords.com/mastercard-uk-announces-nft-giveaway-with-jose-mourinho/ https://innovativewords.com/mastercard-uk-announces-nft-giveaway-with-jose-mourinho/#respond Sat, 18 Sep 2021 11:55:00 +0000 https://innovativewords.com/mastercard-uk-announces-nft-giveaway-with-jose-mourinho/ Mastercard UK creates its first NFT in a raffle for a random and lucky Mastercard holder in collaboration with its current global ambassador. As the non-fungible token (NFT) space continues its popularity and overlaps with traditional industries, global icons are finding their niche. The newest addition to the NFT world is Mastercard. The UK arm […]]]>

Mastercard UK creates its first NFT in a raffle for a random and lucky Mastercard holder in collaboration with its current global ambassador.

As the non-fungible token (NFT) space continues its popularity and overlaps with traditional industries, global icons are finding their niche. The newest addition to the NFT world is Mastercard. The UK arm of the financial services giant has announced its very first NFT.

The new NFT will be released in collaboration with famous football coach Jose Mourinho. Mourinho is also a Global Ambassador for Mastercard. The digital collector’s item up for grabs is an animated digital soccer ball signed by Jose.

However, this NFT is not being auctioned. It will be part of a raffle for UK based Mastercard holders. The winner will be drawn. The chance to win is open until September 30.

The giants of crypto financial services

Although this is Mastercard’s first NFT, it is not their first step into the crypto space. Over the past year, Mastercard has made great strides in integrated crypto and blockchain services. The company has launched its own business program for crypto and blockchain-centric startups. This program aims to accelerate and encourage innovation in this area of ​​technology.

In addition, Mastercard announced last July that it plans to improve cards for wallets and crypto exchanges.

While Mastercard is making crypto advances, its competitor Visa is doing the same. At the end of last month, the rival financial services provider bought its first NFT. The digital collector’s item now owned by Visa is a $ 150,000 CryptoPunk. Shortly after its purchase, the company released a comprehensive white paper on NFTs that praised the technology.

Visa’s white paper called digital collectibles a “promising vehicle for fan engagement,” among other praise. With Visa and Mastercard in the NFT game, it’s unclear where the space will go next.

Disclaimer

All information on our website is posted in good faith and for general information purposes only. Any action that the reader takes on the information found on our website is strictly at his own risk.


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US sanctions crypto exchanges and wallets used by ransomware https://innovativewords.com/us-sanctions-crypto-exchanges-and-wallets-used-by-ransomware/ https://innovativewords.com/us-sanctions-crypto-exchanges-and-wallets-used-by-ransomware/#respond Fri, 17 Sep 2021 21:49:30 +0000 https://innovativewords.com/us-sanctions-crypto-exchanges-and-wallets-used-by-ransomware/ The Biden administration is expected to impose sanctions on crypto exchanges, wallets, and traders used by ransomware gangs to convert ransom payments into fiat currency. With the escalation of ransomware attacks against U.S. interests and infrastructure over the past two years, the White House has stepped up its efforts to disrupt ransomware operations. According to […]]]>

The Biden administration is expected to impose sanctions on crypto exchanges, wallets, and traders used by ransomware gangs to convert ransom payments into fiat currency.

With the escalation of ransomware attacks against U.S. interests and infrastructure over the past two years, the White House has stepped up its efforts to disrupt ransomware operations.

According to a Wall Street Journal report, the United States is expected to sanction crypto exchanges, wallets and individuals who help ransomware gangs convert cryptocurrency next week.

Since cryptocurrency is a mandatory component of ransomware operations, the Biden administration hopes to disrupt this payment method and associated attacks with penalties.

When ransomware gangs attack organizations, they demand millions of dollars in cryptocurrency to receive a decryptor and prevent the disclosure of stolen data.

REvil ransom demand in an attack
REvil ransom note in an attack

Almost all ransomware operations require Bitcoin or Monero for ransom payments. However, virtually all ransom payments are made in Bitcoin, as Monero is considered a privacy coin and is not offered for sale by almost all US crypto exchanges.

After being paid, the ransomware gangs must ultimately cash the crypto into fiat currency, such as the US dollar or local currency.

Cryptocurrency is first transferred through mixers to make the coins less traceable, and then converted using crypto exchanges or their employees.

By sanctioning crypto exchanges known to be used by ransomware players, the government hopes to disrupt this economy and make it much harder for ransomware gangs to function.

“Action like this would be an aggressive and proactive approach to tackle those who facilitate ransomware payments,” Ari Redbord, a former senior Treasury security official, told The Wall Street Journal of the expected sanctions. .

The expected sanctions are not the first the US government has imposed on threat actors associated with ransomware gangs.

In 2019, the United States indicted members of Evil Corp for stealing more than $ 100 million and added members of the cybercrime group to the Office of Foreign Assets Control (OFAC) sanctions list.

This group is associated with several ransomware families, including WastedLocker, Hades, Phoenix CryptoLocker, and PayLoadBin.

The US Treasury subsequently warned that ransomware negotiators could face civil penalties for facilitating ransomware payments to ransomware gangs on the sanctions list.


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Coinfirm announces $ 8 million Series A funding round, new CEO – Ledger Insights https://innovativewords.com/coinfirm-announces-8-million-series-a-funding-round-new-ceo-ledger-insights/ https://innovativewords.com/coinfirm-announces-8-million-series-a-funding-round-new-ceo-ledger-insights/#respond Fri, 17 Sep 2021 10:25:02 +0000 https://innovativewords.com/coinfirm-announces-8-million-series-a-funding-round-new-ceo-ledger-insights/ Yesterday Coinfirm, a London-based digital asset compliance startup, announced the completion of a Series A funding round, raising $ 8 million. The investment was co-directed by the Swiss stock exchange subsidiary SIX Fintech Ventures and FiveT Fintech, with MiddleGame Ventures, Mission Gate and CoinShares participate as additional investors. The fintech startup is best known for […]]]>

Yesterday Coinfirm, a London-based digital asset compliance startup, announced the completion of a Series A funding round, raising $ 8 million. The investment was co-directed by the Swiss stock exchange subsidiary SIX Fintech Ventures and FiveT Fintech, with MiddleGame Ventures, Mission Gate and CoinShares participate as additional investors.

The fintech startup is best known for its AML risk management platform for cryptocurrencies. It uses blockchain analytics to help clients manage counterparty risk and create audit trails for their transactions.

The demand for Coinfirm’s products is only increasing with the growth of the cryptocurrency industry. Its recurring monthly revenue increased by 70% in the first half of 2021. Despite all the transparency and traceability associated with blockchain, there are risks because transactions are pseudonymous. The influx of customers entering the market increases the possibility of illicit activities such as money laundering and ransomware.

This is where crypto compliance solutions come in. The Series A investment will primarily be used to expand Coinfirm’s offering into the Asian and US markets. Industry draws significant attention to regulation of crypto assets, including at Senate Banking Committee audience this Tuesday.

“Series A unlocks Coinfirm’s potential in crypto compliance and analysis as we expand into a rapidly growing market,” said Dr. Mircea Mihaescu, new CEO of Coinfirm.

Mihaescu is a Canadian venture capitalist who spent eight years in innovation at IBM ten years ago.

Coinfirm sees an increase in demand among financial institutions and government agencies. It will allocate part of the funding to strengthen and diversify its current product offering to businesses and financial institutions alongside its crypto market participants.

Meanwhile, a lot has happened elsewhere in the digital asset compliance industry. Last week, Mastercard announced the acquisition of Encryption trace, a competitor of Coinfirm. The startup provides insight into blockchain wallets and cryptocurrency companies and has raised $ 27.1 million for its Series B, according to a SEC filing. Other contenders for fundraising recently include Chainalysis which raised $ 100 million at a valuation of $ 4.2 billion and TRM Labs, which raised $ 14 million.



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Crypto ATMs are growing in Northeast Ohio https://innovativewords.com/crypto-atms-are-growing-in-northeast-ohio/ https://innovativewords.com/crypto-atms-are-growing-in-northeast-ohio/#respond Thu, 16 Sep 2021 21:57:23 +0000 https://innovativewords.com/crypto-atms-are-growing-in-northeast-ohio/ The next time you stop to fill your car’s gas tank or pick up merchandise from a grocery store, you’ll find a terminal similar to a traditional ATM in the growing crypto market. You may be able to buy one. .. These terminals, also known as crypto ATMs, are a nod to the latest developments […]]]>

The next time you stop to fill your car’s gas tank or pick up merchandise from a grocery store, you’ll find a terminal similar to a traditional ATM in the growing crypto market. You may be able to buy one. .. These terminals, also known as crypto ATMs, are a nod to the latest developments in the financial industry.

About 250 crypto ATMs are installed in convenience stores and other retail stores in Northeast Ohio. Radar Coin ATM, A website that promotes and tracks cryptocurrency ATM businesses.

However, these machines do not work like traditional ATMs. I am not logged into a bank account where I can deposit checks and withdraw cash. Instead, they’re part of a so-called peer-to-peer payment system that lets you exchange currencies like dollars, pesos, and euros for digital currencies like Bitcoin, Ethereum, and Dogecoin. These ATMs are also used to perform secure transactions which are encoded and stored on the computer network using blockchain ledger technology.

Nick Fordos remembers the people who brought thousands of dollars in envelopes to his Everything Computers and Electronics store on Madison Avenue in Lakewood. They weren’t there to buy a computer or pay for a computer repair. They were there to put money into a cryptocurrency ATM that was hidden in the corner of its store until recently. He took it off because he wasn’t comfortable with people bringing large sums of money into his small storefront.

Managing partner of Perry Kramer, a retail consulting partner at the Boston-based retail management consulting firm, said the use of cryptocurrencies and their ATMs is growing rapidly.

“There’s no one answer, you know, why there are hires, but it’s definitely growing,” he said. “Think about the number of immigrants and other people in the country. I work every week to send money home. And obviously there are younger generations who think or think they’re cool. It might be more valuable, and Big Brother can’t see you. “” “

Kramer added that ATMs take up very little floor space (typically 2ft x 2ft) and don’t need to bring in a lot of income for the merchant to be worth it. ATM-owned cryptocurrency exchanges pay rents ranging from $ 300 to $ 500, but in more active places, the exchange may offer traders a small percentage of the transaction amount.

“I compare it to the redbox (video rental kiosks that can be found in convenience stores, drugstores, and other retail stores),” Kramer said. “Anytime (retailers) can make some money and get into something that doesn’t take effort, that’s a win.”

Kramer also said retailers believe cryptocurrencies support their businesses in other ways. He said retailers would be happy if they didn’t have to process cash or pay credit card fees. He said coffee retailer Starbucks is now able to top up Starbucks cards using Bitcoin, the most popular cryptocurrency for customers.

“The more you climb the stairs and find a way to accept payments that have lower exchange rates than credit cards and less friction than cash,” he said.

Ryan Howard, COO Truenorth Energy LLC. The company, which operates 145 convenience stores (and sells gasoline to 185 other independent operators), said it had not introduced crypto ATMs, but was investigating its products.

“The main reason for doing this is to make our customers’ lives easier, to provide all the useful activities, all the useful products that they are looking for, and (Cryptographic ATM) is exactly on that line. It will be one thing, ”he said. Howard said that one of the reasons his company’s stores don’t accept cryptocurrency is that digital currencies are so volatile.

In addition to crypto ATMs, consumers can also connect to the digital currency world of many Northeast Ohio supermarkets through a kiosk. Coinstar LLC ..

Some supermarkets have Coinstar kiosks that connect to Giant Eagle cryptocurrencies. The company declined to interview the story, but spokesperson Brockschmaltz released an email statement. “At Giant Eagle, we are delighted to offer our customers a variety of services to provide a convenient one-stop shopping experience,” the statement said. “In response to the recent growing interest in cryptocurrencies, we are pleased to offer our customers the ability to perform Bitcoin transactions using the Coinstar machines available in most supermarkets.”

People use machines to invest in cryptocurrencies. Cryptocurrencies have been a leading investment tool for the past 12 years. Bitcoin, the world’s first and most popular cryptocurrency, recently surpassed $ 47,000 in value and has fluctuated significantly since its inception for $ 1 in 2009.

Cryptocurrency is a type of broker that provides clients with the secure connection to the Internet needed to buy and trade cryptocurrencies. Users can create accounts called wallets in crypto ATMs to provide a platform for the exchange of national currencies such as dollars for digital assets. The best cryptocurrency exchanges have great security and low rates, which makes buying and selling digital currencies safe and easy.

According to the company, the digital currency as of September 1 is $ 2.2 trillion. CoinMarketCap, a website that tracks currencies. Unlike currencies backed by countries such as the dollar, the value of digital currencies is determined by what the trading market sets.

To use a crypto ATM, the user logs in using the crypto wallet address, inserts money and sends it to the wallet. If a user puts $ 1,000 into their account and the value of the cryptocurrency increases by 10%, the account owner can withdraw $ 1,100 less fees.

In addition to investing and speculating in digital currencies, ATMs are also used by migrants to send money to their families in their hometown. It’s easier and faster than Western Union and other types of money transfers. They are also used by people who choose to avoid banks. In short, they also have a dark side, attracting money launderers and other planners.

According to Howard, this dark side of cryptocurrencies is another reason the Truenorth store does not have crypto ATMs in the store.

“At first there was concern that (ATM) would lead to negative activity,” he said. “People who have been involved across the country have said no, but there is some fear, but so far not everyone I have spoken to has. I say. There is an incident there. “

Cryptocurrencies are regulated like any other means of transferring value. In July, the US Treasury appointed the first digital currency advisor. Financial Crime Investigation Network (FinCEN), the agency that oversees and enforces the bank secrecy law. Cryptocurrencies are part of what FinCEN calls “convertible cryptocurrencies” or CVCs.

The agency declined to comment on the story, but strategic communications office Jana Desai presented 2019 to stakeholders via email. For more information on policies, see Tips on Fraud Including Convertible Cryptocurrencies.


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Bitcoin Closes Close To $ 50,000 As Ethereum’s Vitalik Buterin Gets Time https://innovativewords.com/bitcoin-closes-close-to-50000-as-ethereums-vitalik-buterin-gets-time/ https://innovativewords.com/bitcoin-closes-close-to-50000-as-ethereums-vitalik-buterin-gets-time/#respond Thu, 16 Sep 2021 09:54:00 +0000 https://innovativewords.com/bitcoin-closes-close-to-50000-as-ethereums-vitalik-buterin-gets-time/ ONLY 13 DAYS TO GO … Crypto at a glance Bitcoin is above $ 48,000 again this morning as the bulls contemplate another chance to break through the psychologically important $ 50,000 mark. Yesterday the major cryptocurrency held above the $ 46,000 support level, but can it use the level as a stepping stone as […]]]>

ONLY 13 DAYS TO GO …

Crypto at a glance

Bitcoin is above $ 48,000 again this morning as the bulls contemplate another chance to break through the psychologically important $ 50,000 mark.

Yesterday the major cryptocurrency held above the $ 46,000 support level, but can it use the level as a stepping stone as we head into the weekend?

Inflation began to weigh on yesterday, rising from 2% to 3.2% in the UK – the biggest monthly increase in recorded history.

Bitcoin’s fixed supply has long been cited as an antidote to the inflationary aspects of fiat money and their declining value – something that has become even more important as governments increase their money supply to counter the impacts of lockdowns. of COVID-19. Will all aspiring Cassandra be right?

Ethereum is the big winner today, gaining 6% in the last 24 hours to hit over $ 3,600. The payoff comes as Ethereum co-founder Vitalik Buterin is named to Time’s “most influential” list. A milestone for crypto?

The Crypto AM London Blockchain & DeFi Summit and the Crypto AM Awards 2021

Day one will be held at ETC Fenchurch Street and will host the four Crypto AM City of London roundtables so that delegates can meet and network with each other and learn from great discussions and discussions.

Day two will be summit day (streaming and live) at the Leonardo Royal Hotel, St Paul’s, ending with the Black Tie Gala Dinner in the same venue where the 2021 Crypto AM Awards winners will be revealed.

For speaking opportunities, partnership packages or attendance (tickets will be strictly limited and on request), please send an email to: events@cityam.com using the ‘CRYPTOAM SUMMIT’ subject line.

Summit and Award Announcements

2021 Crypto AM Awards judges announced

Crypto AM is delighted to announce Luno as a Gold Partner

Crypto AM is delighted to announce Cudos as a Gold Partner

Crypto AM is delighted to announce MELD as a Gold Partner

Crypto AM is delighted to announce Umbria Network as a Silver Partner

Would you like to help spread Bitcoin adoption and education in the UK and even stack Sats while you do? Well, now you can!

The Bitcoin pioneers The community, supported by Barry Silbert’s Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way and now has members across the UK.

We share tips, stories, and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to Luno’s support, each Pioneer gets £ 500 worth of Bitcoin per month to share with newbies, helping them get started.

So, if you are passionate about Bitcoin, why not join us today? Click here to know more !

All comments on Crypto AM Daily in association with Luno are welcome by email at James.Bowater@cityam.com 🙏🏻

Crypto AM Daily yesterday in association with Luno

Bitcoin price

On the stairs

The Bitcoin Economy

* Definitions and information can be found at https://bytetree.com/insights/

Total crypto market capitalization

The total capitalization of the entire cryptocurrency market at the time of writing is currently $ 2,196,202,044,098.

What Bitcoin Did Yesterday

We closed yesterday September 15, 2021, at the price of $ 48,176.35 against $ 47,092,497 the day before. Yesterday’s daily high was $ 48,450.47 and the daily low was $ 46,773.33.

Around the same time last year, the price of Bitcoin closed the day at $ 10,974.90. In 2019, it closed at $ 10,276.79.

Bitcoin market capitalization

Bitcoin’s market cap at the time of writing is $ 910.15 billion. To put it in context, the market cap of gold is $ 11.355 billion and Facebook is $ 1.054 billion.

Bitcoin volume

The total volume of spot transactions reported by all exchanges in the last 24 hours was $ 31,989,406,886, compared to 34,010,724,920 the day before. High volumes can indicate that a significant price movement has stronger support and is more likely to be supported.

Volatility

Bitcoin price volatility over the past 30 days is 46.41%.

Index of fear and greed

Market sentiment today is 53.

The domination of the Bitcoin market

The dominance of the Bitcoin market today is 41.16His lowest dominance on record was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 54.41. Values ​​of 70 or more indicate that an asset is becoming overbought and may be ready for a trend reversal or price correction – an RSI reading of 30 or less indicates an oversold or undervalued condition.

Convince Your Nan: Soundbite of the Day

“We think the price will be ten times what it is today, so instead of $ 45,000, [it would be] over $ 500,000. ”

Cathie Wood, CEO of Ark Investment Management (Ark Invest)

What they said yesterday

The future is closer than you think …

In other words: they hold a lot of Bitcoin …

What happens next?

Crypto AM: Editor’s Choice

Cardano Alonzo upgrade sees 100 smart contracts in the first 24 hours

Cardano Coin
(Getty Images)

Morgan Stanley to launch new research team led by Sheena Shah

Morgan stanley
(AFP via Getty Images)

Bitcoin can now be purchased using the Post Office app

Royal Mail undecided on further post office closures
(Getty Images)

Simon Nixon Tells Seek Ventures To Increase Bitcoin Investments

Bitcoin breaks $ 50,000 as Magic Monday gives cryptocurrencies a green start to the week

Gibraltar to host first international post-pandemic crypto event

CV Labs Partnership Launches UK Crypto Firm Evai on Bittrex Global Exchange

Crypto AM: Features

Crypto AM: Spotlight

Crypto AM: Founders Series

Crypto AM: voice of the industry

Crypto AM: Contributors

Crypto AM: In conversation with James Bowater

Crypto AM: The Money of Tomorrow with Gavin S Brown

Crypto AM: Mixing in the Metaverse with Dr Chris Kacher

Crypto AM: Visions of the Future, Past and Present with Alex Lightman

Crypto AM: Tiptoe Through Crypto With Monty Munford

Crypto AM: Remove One Byte From Digital Assets With Jonny Fry

Crypto AM: Parliamentary Special

First part of two – April 2021

Part two of two – April 2021

Five-part series – March 2021

Day one…

Day two …

Day three …

Day four …

Fifth day…

Crypto AM: events

For those of you who missed the 2021 Crypto AM DeFi & Digital Inclusion Online Summit – you can now watch the two-part event via YouTube:

Part one …

Second part…

Cautionary Notes

It is certainly tempting to get carried away by the excitement, but please heed these warning words: do your own research, invest only what you can afford, and make the right decisions. The indicators in this article will hopefully help you. Remember though, The content of this article is for informational purposes only and does not constitute investment advice or any form of recommendation or invitation. City AM, Crypto AM, and Luno always advise you to get your own independent financial advice before investing or trading in cryptocurrency.

All information correct at 08:00 BST





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4.307% ROI, guaranteed !!! (and other crypto scams to avoid) https://innovativewords.com/4-307-roi-guaranteed-and-other-crypto-scams-to-avoid/ https://innovativewords.com/4-307-roi-guaranteed-and-other-crypto-scams-to-avoid/#respond Sun, 12 Sep 2021 02:01:20 +0000 https://innovativewords.com/4-307-roi-guaranteed-and-other-crypto-scams-to-avoid/ The following is a guest article by Josef Moser, Cryptoradar co-founder. Crypto scams are getting more and more sophisticated. As more retail investors board the crypto train, it’s no surprise that malicious actors are trying to take advantage of new traders and insecure crypto accounts. If you are new to the crypto scene, it is […]]]>
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The following is a guest article by Josef Moser, Cryptoradar co-founder.

Crypto scams are getting more and more sophisticated. As more retail investors board the crypto train, it’s no surprise that malicious actors are trying to take advantage of new traders and insecure crypto accounts.

If you are new to the crypto scene, it is essential that you pay attention to all the gimmicks and traps. But even seasoned investors should always pay close attention to some of the newer and more sophisticated scams that are now starting to circulate.

The rise of guest post phishing

Articles written by guest contributors, like this one, are a great way for industry experts to share their ideas with a wider audience. If you need more proof, consider the e-Krona scam.

Sweden was planning to introduce a digital version of its currency called e-Krona, but someone got ahead of it by launching a fraudulent version of the coin before the government even had a chance.

Whoever created this project managed to get an article on a well-known corporate website before the Swedish government revealed that it had nothing to do with the fraudulent e-Krona coin.

The website was not registered by the Swedish government but by a private entity in Reykjavik, Iceland. e-Kronas was also sold through a scam website that mimics financial advice to make the scam more reliable.

Unfortunately, the article had already been advertised on Facebook before being removed by the publication. As a result, people were tricked into believing that they could buy e-Krona – but only through an “official” website and only by transferring money directly to the site’s e-Krona brokers.

If this is not a red flag, the e-Krona site claims that every € 1 of investment will potentially be worth € 4,307 in “a few months”. Despite the fact that no one on the internet publicly offers an offer suggesting a return on investment of over 4000%, there are still people who fall for this scam. So much so that the central bank of Sweden stepped in to directly address the problem.

Social media – a perpetual source of disinformation

Crypto scams on Twitter have been common for years, despite the platform’s best attempts to regulate scammers. Someone will create an account, get a blue verification badge, and then change the account name and information to look like a famous person.

There have been Barack Obama crypto scams, Bill Gates crypto scams, and of course Elon Musk crypto scams, and they generally follow the same format. The famous person will announce that in order to kick start the widespread use of cryptocurrencies or “give back to the community” they will return double any amount of crypto sent to them – usually within about 30 minutes.

This scam has become so widespread that the Federal Trade Commission issued a statement indicating that consumers lost around $ 80 million to cryptocurrency investment scams from October 2020 through May 2021 alone. As interest in cryptocurrency increased during this time, so did the possibilities of scams – with an increase of more than ten times year over year, resulting in an average loss of 1 $ 900 per consumer.

Famous for his defense of digital currencies, Elon Musk’s impersonators seem to have had the most success, getting around $ 2 million from crypto-hopefuls.

The bottom line? No one on the internet is ever going to give you free money (especially not a celebrity), so try to use common sense. If it sounds too good to be true, it probably is.

When they ‘caught’ you doing something online

Scams, where you are accused of being caught red-handed, are a classic form of blackmail. More often than not, the scammer will claim something like, “We have your browser history and we know what explicit content you have viewed. We’ve accessed your webcam and have a video you sure don’t want the world to see. Pay us $ 1,500 in BTC, because we’ll get you off the hook. Here is our wallet address.

The best strategy is to simply ignore these emails. If you’re unsure whether an email is a hoax, it’s important to remember to never click on any included links. Clicking on a hyperlink can give hackers the ability to install malware on your computer, allowing them to spy through your webcam and microphone, or launch a ransomware attack. A common ransomware attack involves encrypting your computer and asking you to pay a fee for decryption, for example.

You can further protect yourself against ransomware attacks by taking daily backups. If you are the victim of an unfortunate ransomware attack, with a backup you can eliminate the ransomware through a factory reset and a clean installation of the operating system before restoring your data.

When using cryptocurrency as a real currency

Falling plagued by this scam is the crypto equivalent of falling at the last hurdle. After successfully purchasing your crypto, it makes sense that you then look for opportunities to spend it. However, paying for something using cryptocurrency is not like paying with PayPal and carries a much higher risk as there is less of a safety net to make sure you get what you pay for with a purchase.

Crypto transactions are final, so if you want to buy something like a car, trade in person or pay who you buy from only after you have the keys in hand. However, some software subscriptions can be paid for in crypto and are generally considered safe. For example, buying a VPN service for a year, for example, can make sense as a BTC transaction.

Legitimate companies doing crypto transactions will want to protect their reputation for having good customer service in place. Some retailers who accept BTC will be happy to make sure the wallet address is correct so you can pay the right person. Researching user reviews from a variety of verifiable sources and forums can help you decide whether or not to proceed with a transaction. Keep in mind that these types of transactions are currently the safest in person, when possible.

Good old fashioned hack

Of course, people have been trying to hack crypto exchanges since their early days. It’s the 21st century version of a bank robbery, with the added benefit of potentially being able to retrieve a wealth of personal information at the same time.

The best way to protect your cryptocurrency from hackers is to take your assets offline using a “cold” wallet. Cold wallets come in the form of a USB stick type device and are not connected to the Internet, unlike their “hot” counterparts. If you set it up correctly and keep the passwords safe, it is almost impossible to hack these hardware items.

Cold wallets cannot be accessed without a PIN code which helps them stay even more secure. To make them work, you need to enter a string of predetermined starting words, and if you put the 24 words in the right order, you get there. Some wallets also offer the option of including a customizable 25th word. Adding 24 words + 1 random choice helps make a crypto wallet virtually impossible to hack.

Scams have been around for as long as people interact with other people, and the best way to avoid them is to stay informed. Keeping up with cryptocurrency news from various sites will help you stay on top of the latest news and make comparisons for yourself on the information you receive.

Ultimately, it’s important to trust your judgment and research multiple trusted sources – and our how-to guide to crypto wallets can be a good start.

Guest post from Josef Moser of Cryptoradar

Moser is co-founder and board member of Cryptoradar.

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Nigeria: crypto trade flourishes in Nigeria despite restrictions – Expert https://innovativewords.com/nigeria-crypto-trade-flourishes-in-nigeria-despite-restrictions-expert/ https://innovativewords.com/nigeria-crypto-trade-flourishes-in-nigeria-despite-restrictions-expert/#respond Thu, 09 Sep 2021 04:33:42 +0000 https://innovativewords.com/nigeria-crypto-trade-flourishes-in-nigeria-despite-restrictions-expert/ Financial expert Rume Ophi said cryptocurrency trading continued to thrive in Nigeria despite restrictions imposed by the government. According to him, failing government institutions, growing uncertainty and instability around the Naira, which has had increasingly divergent official and parallel exchange rates with the US dollar, among other factors that have contributed to rapid growth. of […]]]>

Financial expert Rume Ophi said cryptocurrency trading continued to thrive in Nigeria despite restrictions imposed by the government.

According to him, failing government institutions, growing uncertainty and instability around the Naira, which has had increasingly divergent official and parallel exchange rates with the US dollar, among other factors that have contributed to rapid growth. of cryptocurrency in Nigeria and Africa, as a whole.

He spoke at a seminar on financial and monetary issues organized by the God’s Kingdom Society (Church of the Living God), Lagos Island branch, Lagos.

Ophi, who spoke about the opportunities of cryptocurrency as an investment alternative, explained that some of the best performing countries in the world when it comes to cryptocurrency are failed states where the young population is looking for opportunities. viable economic alternatives offered by cryptocurrency.

“You will find that aside from the United States, countries like Peru, India, Indonesia and Nigeria are among the countries with the highest increase in crypto wallet creation based on the data. from Blockchain.com, which has more than 52 million wallets created by users around the world. Nigeria has been the trending country in recent months, with a 60% increase since April.

Citing data from Statista.com, he noted that in the past five years Nigeria has traded 60,215 bitcoins, valued at over $ 566 million, which apart from the United States is the most big volume worldwide on Paxful, a peer-to-peer leader. bitcoin market.