Cryptocurrencies Archives

No Result

View All Result

No Result

View All Result

No Result

View All Result

In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming console for avid gamers in 2023. <\/p>\n\n\n\n
The gaming industry generated about $110 billion in gaming consoles. Statistics<\/a> indicate that the industry will generate over $130 billion by 2026. Zilliqa is entering the gaming market by releasing a new console with exciting features that will directly compete with major industry giants such as PlayStation, Nintendo, and Xbox.<\/li><\/ul>\n\n\n\n
Zilliqa console integrates web3 features such as crypto wallets and mining<\/a>. This feature will reward gamers with $ZIL coins when they complete in-game quests. The prototype console <\/a>comes equipped with standard i\/o ports such as an HDMI port, Ethernet, USB-c, and USB 3.0 ports.<\/li><\/ul>\n\n\n\n
Traditional play-to-earn<\/a> games often face sustainability issues regarding their tokenomics<\/a>. To avoid this problem, Zilliqa provides a skill-to-earn game that offers an improved scalable and sustainable model. Zilliqa is scheduled to launch its prototype gaming in the first quarter of 2023.<\/li><\/ul>\n\n\n\n
Many gamers struggle to own the in-game assets they acquire when they complete missions and tasks. Also, they cannot exchange such in-game assets with other gamers in their community for cash. Zilliqa addresses the need by providing a marketplace where gamers can exchange their in-game assets for cryptocurrency.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Gala\u2019s Web3 Game GRIT Now Easily Accessible to Epic Games Store\u2019s 194M+ Players<\/a><\/p>\n","post_title":"Zilliqa Prepares To Launch Web3 Gaming Console","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"zilliqa-prepares-to-launch-web3-gaming-console","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/play-to-earn\/","post_modified":"2023-04-10 18:53:05","post_modified_gmt":"2023-04-10 08:53:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7308,"post_author":"7","post_date":"2022-09-24 20:12:47","post_date_gmt":"2022-09-24 10:12:47","post_content":"\n
Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities laws. Yet, many believe Ripple winning this case can have a \"ripple effect\" in the cryptocurrency market.<\/p>\n\n\n\n
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit accusing Ripple of selling $1.3 billion in unregistered securities since 2013. This allegation led to Ripple's decline in price and trading activities in the market ($XRP).<\/li><\/ul>\n\n\n\n
The CEO of Ripple, Brad Garlinghouse, described this allegation<\/a> against Ripple as \"an assault on crypto at large.\" He reasoned that since Ripple is a proxy for other altcoins, such an allegation ruins the reputation of firms working with digital assets.<\/li><\/ul>\n\n\n\n
Ripple has recently been gaining tactical wins over SEC in recent court cases. Many experts believe that subsequent proceedings may turn the tides in favor of Ripple. Recently, the Chamber of Digital Commerce (CDC), is granted the status of acting as an amicus curiae in this case.<\/li><\/ul>\n\n\n\n
Reacting to the amicus curiae status, SEC filed a motion to the court to allow more amicus briefs. However, Ripple strongly objected<\/a> that it was yet another attempt to delay the case's resolution. Consequently, the presiding judge, Analisa Torres, rejected the motion.<\/li><\/ul>\n\n\n\n
Experts believe that with the CDC acting as an amicus curiae, subsequent court rulings will favor Ripple Firm. This legal victory could potentially turn the crypto market condition bullish.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> ISO20022 And Its Compliant Cryptocurrencies<\/a><\/p>\n","post_title":"Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-vs-sec-how-the-outcome-can-affect-the-cryptocurrency-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/iso20022-compliant-cryptocurrencies\/","post_modified":"2022-09-24 20:19:02","post_modified_gmt":"2022-09-24 10:19:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7306,"post_author":"7","post_date":"2022-09-24 13:26:08","post_date_gmt":"2022-09-24 03:26:08","post_content":"\n
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed \u201cCrypto Rial\u201d.<\/p>\n\n\n\n
Central Bank Digital Currencies<\/a> (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuance and regulations. These digital currencies issued by the Central Bank provide more security and less volatility than other digital currencies.<\/li><\/ul>\n\n\n\n
Iran\u2019s Chamber of Commerce, Industries, Mines, and Agriculture aired this announcement<\/a> earlier this week. The CBDC, \"Crypto Rial\" is built on Distributed Ledger Technology<\/a> (DLT), although only Iran\u2019s Central Bank can decide which entities have access. In addition, Crypto Rial does not have validating capabilities like other cryptocurrencies such as PoW and PoS<\/a>.<\/li><\/ul>\n\n\n\n
With overdue economic sanctions by the US government, Iran\u2019s government is seeking alternative ways to boost its economy. Iran has been working behind the scene for the launch of crypto rial<\/a>. Despite Iran\u2019s history of restricting cryptocurrency use<\/a> in the country, they recently started using it as a form of import payments.<\/li><\/ul>\n\n\n\n
How Iran will implement CBDC remains unclear. However, like other nations that use CBDCs in their local transactions, Iran\u2019s CBDC will provide more stability to the nation\u2019s economy. The growth of CBDCs is gradually increasing, with over 82 countries currently involved in these digital currencies.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Adopts Crypto For Foreign Trade To Bypass Sanctions<\/a><\/p>\n","post_title":"Iran Set To Launch Its CBDC, Crypto Rial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"iran-set-to-launch-its-cbdc-crypto-rial","to_ping":"","pinged":"","post_modified":"2023-04-30 21:31:12","post_modified_gmt":"2023-04-30 11:31:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7306","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7282,"post_author":"7","post_date":"2022-09-23 00:19:43","post_date_gmt":"2022-09-22 14:19:43","post_content":"\n
A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. Although the final version of the bill is still unclear, the draft would spell doom for algorithmic stablecoins.<\/p>\n\n\n\n
The U.S. Congress is preparing the final version of a regulation bill, targeting algorithmic stablecoins. \u201cEndogenously collateralized stablecoins,\u201d would be criminalized says<\/a> Bloomberg citing a draft of the legislation.<\/li><\/ul>\n\n\n\n
Algorithmic stablecoins<\/a> are designed to maintain a stable price for investors who want to convert their fiat currency to crypto assets. An example is Terra LUNA which powered its stablecoin, $UST. Both UST and LUNA had collapsed by over 99.99% this year which would be a reason for the push for this legislation.<\/li><\/ul>\n\n\n\n
The stablecoin regulation bill draft will investigate the use case of Terra by the US Treasury Department in collaboration with the Federal Reserve, the Federal Deposit Insurance Corp, and the Securities and Exchange Commission (SEC). This study will allow banks and non-banks to issue centralized stablecoins, which will need approval from federal regulators before issuance.<\/li><\/ul>\n\n\n\n
Besides the legislation bill regarding the ban, the Federal Reserve under the new legislation will study the economic impact of a digital dollar<\/a>. The Federal Reserve would hinder businesses from mixing customers' and financial institutions' assets.<\/li><\/ul>\n\n\n\n
There may be impending changes to the drafted regulation bill before the world sees the final version. Many are aware of the unchanging decisions by the US Congress in times past. Still, the voting of the final regulation bill will happen in the coming weeks.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> \u2018Stablecoin Transparency Act\u2019 Could Require Stablecoins To Be Backed By Dollars<\/a><\/p>\n","post_title":"Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorithmic-stablecoins-face-ban-as-us-congress-pushes-stablecoin-regulation-bill","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 18:53:20","post_modified_gmt":"2023-04-10 08:53:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7282","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7279,"post_author":"7","post_date":"2022-09-22 16:39:02","post_date_gmt":"2022-09-22 06:39:02","post_content":"\n
GRN Grid, a green energy-focused blockchain, announced<\/a> that it had secured a $50 million investment from Bahamas-based venture capital firm GEM Digital on September 19, 2022, in Switzerland. <\/p>\n\n\n\n
GRNGrid is a layer 1<\/a> blockchain that is environment-friendly and scalable. It allows users to select only nodes<\/a> powered with renewable energy to verify transactions. GRNGrid is introducing its Proof of Stake v2. Its design tackles crypto whales and implements a fairer distribution. This staking consensus will provide better security, enhanced decentralization, and better financial sustainability.<\/li><\/ul>\n\n\n\n
Also, according to the blockchain firm\u2019s whitepaper<\/a>, \u201cThe renewable nodes are certified for users to choose from, while the firm enforces specific requirements on validators\u2019 hardware.\u201d<\/li><\/ul>\n\n\n\n
After the announcement on September 19, 2022, GRNGrid native token<\/a>, GRN Grid ($G), has significantly doubled in price, according to Coingecko<\/a>. This native token will govern the blockchain by staking to validate and earn rewards. Also, with an inbuilt decentralized exchange called Exnode, investors and users can provide liquidity<\/a> to sustain the ecosystem.<\/li><\/ul>\n\n\n\n
GRNGrid has been handling environmental projects such as ReCharge. This project ensures its validators repurpose their hardware and cut back on electronic waste. The new funding from GEM digital will be invested to further connections with top crypto Exchanges. It will also add new global professional partnerships and expand on its blockchain technology and infrastructure. The future of cryptocurrency looks green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"a-better-time-to-go-green-grn-grid-secures-a-multi-million-dollar-investment-from-gem-digital","to_ping":"","pinged":"","post_modified":"2022-09-22 18:02:23","post_modified_gmt":"2022-09-22 08:02:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7279","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7276,"post_author":"7","post_date":"2022-09-22 16:09:33","post_date_gmt":"2022-09-22 06:09:33","post_content":"\n
Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. <\/p>\n\n\n\n
The Virtual Asset Regulatory Authority (VARA) recently granted a Minimal Viable Product (MVP) license to the Binance exchange. This license is a significant accomplishment after Binance's registration to operate in countries in the Middle East, North Africa, and Europe.<\/li><\/ul>\n\n\n\n
VARA's chairman, H.E. Helal Saeed Almarri said, \"we are pleased to have Binance licensed to operate within the VARA MVP program.\" He further explained that the VARA regime balances value creation and risk mitigation<\/li><\/ul>\n\n\n\n
This MVP license means that Binance is fully operational to provide virtual-related services to retail and institutional traders in Dubai. These services include virtual asset exchange services, virtual token offerings, virtual management assets, and trading services.<\/li><\/ul>\n\n\n\n
Binance can also provide local banking services under the VARA program. This initiative will ensure high safety and security measures for customers in Dubai. Changpeng Zhao, founder, and CEO of Binance, commented that The VARA program sets a standard for the global industry. These standards include acknowledging and accepting cryptocurrency-related activities. CZ also believes that this license will enable Binance to develop consistent implementation standards worldwide, just as in Dubai.<\/li><\/ul>\n\n\n\n
The VARA program has introduced regulations relating to cryptocurrency. In addition, under the VARA program, a new metaverse strategy<\/a> announced on Twitter aimed at generating about $4 billion for the economy. The prime minister who made this announcement explained that this venture would generate about 40,000 virtual jobs and contribute to the crypto industry's growth.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Italy\u2019s Registration Has Been Approved<\/a><\/p>\n","post_title":"Binance Granted Minimal Viable Product In Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-granted-minimal-viable-product-in-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binance-italys-registration-has-been-approved\/","post_modified":"2022-09-22 16:17:30","post_modified_gmt":"2022-09-22 06:17:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7276","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7180,"post_author":"7","post_date":"2022-09-18 20:31:44","post_date_gmt":"2022-09-18 10:31:44","post_content":"\n
A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy Pelosi has been sentenced<\/a> by the Department of Justice.<\/p>\n\n\n\n
Asa Saint Clair, also known as Asa Williams, was charged with an illegal crypto investment scheme involving $600,000. He falsely claimed that his firm partnered with the World Sports Alliance (WSA), an affiliate of the United Nations.<\/li><\/ul>\n\n\n\n
Asa Saint Clair deceived at least 60 investors by claiming that his firm aims to \u201cimprove the world.\u201d He also tied his company with a crypto coin called IGObit. Saint Clair convinced his victims to believe that their investments can further bring such goals to fruition and earn profits.<\/li><\/ul>\n\n\n\n
These claims made by Asa Saint Clair were false as he used their investments for expenses such as luxurious restaurant dinners, traveling, and online shopping. He also diverted some funds to other assets controlled by him and his family.<\/li><\/ul>\n\n\n\n
This $600,000 investment scam occurred between 2017 and 2019, claiming sources of livelihood from his victims. However, in January 2018, Paul Pelosi Jr. endorsed this scam crypto investment on his website<\/a>, saying, \u201cIGObit is the absolute best offering I have ever seen.\u201d<\/li><\/ul>\n\n\n\n
In a press release<\/a>, Asa Saint Clair describes Pelosi Jr as a longtime business and personal associate. Initially, Asa Williams pleaded not guilty, but in March 2020, the jury found him guilty. He faces charges of wire fraud and was sentenced to 42 months in prison. Also, he has been ordered to pay a restitution sum of $613,417.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Leaks Launches Platform That Reveals Scams And Corruption In The Crypto Space<\/a><\/p>\n","post_title":"Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi\u2019s Son","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"man-sentenced-for-u-n-crypto-scam-backed-by-nancy-pelosis-son","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-leaks-launches-platform-that-reveals-scams-and-corruption-in-the-crypto-space\/","post_modified":"2022-09-19 21:00:56","post_modified_gmt":"2022-09-19 11:00:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7180","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

Cryptocurrencies

Business

Zilliqa Prepares To Launch Web3 Gaming Console

Zilliqa aims to be the next direct competitor to Nintendo, PlayStation, and Xbox as it reveals its prototype web3 gaming ...

by Olusegun Adesua
September 24, 2022

Business

Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market

Ripple and the US Securities and Exchange Commission have been in a two-year legal tussle over allegations of breaching securities ...

by Olusegun Adesua
September 24, 2022

Adoption

Iran Set To Launch Its CBDC, Crypto Rial

The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed “Crypto Rial”. Central Bank ...

by Olusegun Adesua
September 24, 2022

Regulation

Algorithmic Stablecoins Face Ban As US Congress Pushes Stablecoin Regulation Bill

A stablecoin regulation bill pushed before the United States House of Representatives would place a two-year ban on algorithmic stablecoins. ...

by Olusegun Adesua
September 23, 2022

Blockchain

A Better Time To Go Green, GRN Grid Secures A Multi-Million Dollar Investment From GEM Digital

GRN Grid, a green energy-focused blockchain, announced that it had secured a $50 million investment from Bahamas-based venture capital firm ...

by Olusegun Adesua
September 22, 2022

Business

Binance Granted Minimal Viable Product In Dubai

Binance, the world's largest cryptocurrency exchange, has been granted a Minimal Viable Product license in Dubai. The Virtual Asset Regulatory ...

by Olusegun Adesua
September 22, 2022

Stablecoins

Tether Ordered To Reveal USDTs Exact Backings

Katherine Polk Failla, a New York judge, has ordered Tether to reveal the financial documents that prove its backing of ...

by The Distributed Team
September 21, 2022

Crypto Markets

ETH Will Lead Charge Next Cycle Predicts Raoul Pal

Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next ...

by The Distributed Team
September 20, 2022

Blockchain

Ethereum May Attract Institutional Investors “Looking For Yield”

Ethereum has just completed its merge to a proof-of-stake consensus from proof-of-work, could the primary source of validation bring in ...

by The Distributed Team
September 19, 2022

Scams

Man Sentenced For U.N. Crypto Scam Backed By Nancy Pelosi’s Son

A 50-year-old man who involved at least 60 investors in a crypto investment scam backed by the son of Nancy ...

by Olusegun Adesua
September 18, 2022

Previous 1 … 64 65 66 67 68 … 85 Next

Most Read

Business

Zilliqa Prepares To Launch Web3 Gaming Console

September 24, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

About The Distributed

Terms

Contact

Privacy

Editorial

Careers

RSS Feed

© 2023 The Distributed

No Result

View All Result

Cryptocurrencies

Adoption

Altcoins

Bitcoin

Blockchain

Business

Decentralized Finance

Ethereum

Hacks

Crypto Markets

NFTs

Regulation

Scams

Stablecoins

Finance

Banking

Central Banks

Financial Markets

Technology

Artificial Intelligence

Cyber Security

Metaverse

Web3

Learn

The Coins

The Future

The Innovations

The Technology

Tools

Cryptocurrency Market

Stock Market

Economic Calendar

Research

Reviews

Exchanges

Wallets

Headlines

About Us

Contact Us

© 2023 The Distributed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.