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☆ Bitcoin's break above $20,000 has investors wondering if the crypto bottom is in. Here's what analysts say
▼ + stars: | 2022-10-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

October is a historically strong month for crypto, but this month, prices and volatility have been relatively flat. Don't call it a bottom yet The odd inactivity has investors wondering if the crypto market could be turning for the better and breaking out of this year's rut. That, combined with the recent low volatility, would provide more evidence of a bottom, but bitcoin today is still leaving derivative exchanges. "For low price volatility to be associated with bottoms, the portion of bitcoin inflows into exchanges dominated by whales ought to be relatively low," he said. CryptoQuant also analyzed bitcoin's MVRV, or market value to realized value, ratio, which shows crypto hasn't gone into undervalued territory.

☆ Crypto Firm Tether Says It Has Exited Commercial Paper Investments
▼ + stars: | 2022-10-14 | by ( Vicky Ge Huang | ) www.wsj.com time to read: 1 min

Tether has faced scrutiny from regulators and market participants over the quality of the assets backing its reserves. Tether Holdings Ltd., the issuer of the largest stablecoin in the world, said Thursday that it has cut its commercial paper holdings to zero and replaced them with U.S. Treasury bills. Commercial paper or short-term IOUs are short-term, unsecured debt issued by companies usually to meet short-term liabilities.

After noon EST, an AT&T spokesperson replied to Crypto World's request for comment on a story featured in today's show about the alleged hacking case writing in a statement that"fraudulent SIM swaps are a form of theft committed by sophisticated criminals." "We have security measures in place to help defeat them, and we work closely with law enforcement, our industry and consumers to help prevent this type of crime," the statement continued.

☆ SEC's Gensler says CFTC authority over stablecoins should be bolstered
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

Stablecoins are usually pegged to the U.S. dollar and are primarily used to facilitate trading in other digital assets. Register now for FREE unlimited access to Reuters.com RegisterWhile the CFTC has anti-fraud and anti-manipulation regulatory authorities over firms that issue dollar-backed stablecoins, they do not have "actual plenary authority to write rules around the exchanges," Gensler said. They currently do not have direct regulatory authorities over the underlying non-security tokens," he said. The vast majority of cryptocurrencies, including so-called algorithmic stablecoins, are securities, and fall under the SEC's authority, while a handful are not, Gensler said. It remains unclear when Congress might pass crypto-related legislation, although several bills have been introduced to address stablecoins and digital commodities regulation.

☆ Tether says it has completely eliminated commercial paper from reserves
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: 1 min

Oct 13 (Reuters) - Tether, the world's largest stablecoin by market value, says it has has completely eliminated commercial paper from its reserves and has replaced those investments with U.S. Treasury bills. Tether eliminated $30 billion of commercial paper without any losses, according to a company blog post. In August, Tether reported that it had reserves worth $66.4 billion as of the end of June, down from $82.4 billion at the end of March. Tether has said that it would aim to release monthly reports on the status of its reserves by the end of the year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Hannah Lang in WashingtonOur Standards: The Thomson Reuters Trust Principles.

The world's biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style "bank run." Tether, the world's largest stablecoin, has slashed back its commercial paper holdings to zero, replacing them with U.S. Treasury bills instead, according to a blog post. There are now about 68.4 billion tether tokens in circulation, according to data from CoinMarketCap, up from 2 billion three years ago. But well before UST's dramatic implosion, Tether — the company behind the stablecoin of the same name — was facing serious regulatory backlash over its reserves. Critics have also raised fears that tether tokens were used to manipulate bitcoin prices, a claim Tether has repeatedly denied.

REUTERS/Benoit Tessier/File PhotoLONDON, Oct 7 (Reuters) - A blockchain linked to Binance, the world's largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sector this year. Criminals have increasingly targeted them, with some $2 billion stolen in 13 different hacks, mostly this year, researcher Chainalysis said in August. Register now for FREE unlimited access to Reuters.com RegisterThe hackers stole around $100 million worth of crypto, Zhao said in his tweet. BNB Chain later said in a blog post that a total of 2 million of the BNB cryptocurrency - worth around $570 million - was withdrawn by the hacker. BNB Chain suspended its blockchain for several hours before resuming at around 0630 GMT, it said in a tweet.

☆ Tesla robot slowly walks on stage at AI Day
▼ + stars: | 2022-09-30 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —Tesla revealed on Friday a prototype of a humanoid robot that it says could be a future product for the automaker. The robot, dubbed Optimus by Tesla, walked stiffly on stage at Tesla’s AI Day, slowly waved at the crowed and gestured with its hands for roughly one minute. Tesla plans to use its AI expertise to develop a humanoid robot. Compared to that, it’s going to be very impressive.”Tesla is not the first automaker to develop a humanoid robot. In its final form, Asimo was a child-size humanoid robot capable of untethered walking, running, climbing and descending stairs, and manipulating objects with its fingers.

☆ Judge Orders Tether to Produce Records on Stablecoin Backing
▼ + stars: | 2022-09-21 | by ( Caitlin Ostroff | ) www.wsj.com time to read: 1 min

A judge for the Southern District of New York ordered the issuer of the largest stablecoin to produce financial records related to the backing of its coin, tether. Tether Holdings the issuer of the world’s largest stablecoin, will need to produce balance sheets, income statements, cash-flow statements and profit-and-loss statements under the order. It also will have to provide documents to establish sufficient reserves for its stablecoin, tether, including account statements for all its banks.

☆ Biden White House just put out a framework on regulating crypto — here’s what’s in it
▼ + stars: | 2022-09-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

U.S. President Joe Biden walks from Marine One to the White House following a trip from Michigan, in Washington, U.S., September 14, 2022. Here are some of the key takeaways from the White House's new crypto framework. Fighting illicit financeOne section of the White House's new framework on crypto regulation focuses on eliminating illegal activity in the industry — and the measures proposed appear to have real teeth. Crime is rife in the digital asset sector. Then there's the hypothetical digital dollar that would be the Federal Reserve's take on a CBDC.

☆ Most career-change advice is superficial. Here's what you need to know about the challenges you'll face overhauling your work life.
▼ + stars: | 2022-09-10 | by ( Rebecca Knight | Shana Lebowitz | ) www.businessinsider.com time to read: +8 min

If you're pondering a switch, you're likely hungry for advice. When your work life feels impossibly tedious, the prospect of a career change — learning a new industry, honing new skills, meeting new colleagues, and maybe even making more money — is tantalizing. If you're one of those people pondering a career switch, you're likely hungry for advice that can help you understand what the change entails. Yet Beilock cautions against talking yourself out of a career change based on fear. You can cultivate inner resilience and learn to view a career change with excitement rather than dread."

Associated PressGreenfield We began writing drafts, and the first drafts were the Pentagon Papers often mixed up with the writers’ own past reporting and commentary. If this is going to be called the Pentagon Papers, it can’t be the Pentagon Papers and The New York Times Papers.” So we came up with a system. So my job became to verify or discredit information in the Pentagon Papers. Who knows what goes on in hotel rooms in Manhattan?” We were just doing another strange thing in a hotel room in Manhattan. Amster I think it was Al who said the most impressive thing about the Pentagon Papers was that no one leaked anything.

Persons: Allan M, Hilton, Sheehan, Abe, Greenfield Abe, Neil —, “ Neil, Neil Sheehan, A.M . Rosenthal, James L, John Lent, Press Sheehan, Greenfield, Jerry Gold, Al Siegal, Fox Butterfield, Rick Smith, Ned Kenworthy, it’s Abe Rosenthal’s, “ Fox, Rosenthal, ”, “, ” Hedrick Smith, Neil, Ngo Dinh Diem, Robert S, McNamara, Diem, ” Horst Faas, Robert J, We’d, “ Robert, there’s, ” Linda Amster, James Greenfield, Peter Millones, Jim, Peter, It’s, Associated Press Greenfield, ’, Jerry Gold’s, Weeks, Linda Amster, E.W, Kenworthy, Hedrick Smith, Renato Perez, The New York Times Butterfield, Smith, Greenfield I, Al, Greenfield Jerry Gold, ” Sheehan Organizations: Press, Fox, New York Hilton Hotel, South, Pentagon, ., The Times, Hilton, Times, American, Da Nang Air Base, Associated Press, New York Times, The New York Times Locations: Greenfield, Taipei, Vietnam, Saigon, United States, South Vietnam, Long, flabbergasted, Manhattan, Levittown

☆ Țara care vrea să reducă la jumătate impozitele pentru câştigurile din criptomonede
▼ + stars: | 2021-05-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Într-un mesaj video postat pe Facebook, Varga a dezvăluit că guvernul ungar se aşteaptă să strângă "mai multe miliarde de forinţi", adică câteva milioane de dolari, sub formă de venituri din taxe ca urmare a acestei reduceri. În plus, ministrul Finanţelor a apreciat că măsură va fi un "pas important" în creşterea vizibilităţii pieţei criptomonedelor din Ungaria. Guvernele din întreaga lume se străduiesc să reglementeze piaţa în creştere explozivă a activelor digitale, alimentată de ascensiunea meteorică a Bitcoin. O prioritate este asigurarea că tranzacţiile sunt vizibile pentru autorităţi, iar veniturile sunt taxate în mod adecvat. La nivel global, există peste 4.000 de criptomonede, însă monedele cu cea mai mare valoare de piaţă sunt Bitcoin, Ethereum, Tether, XRP şi Bitcoin Cash.

Persons: Mihály Varga, anunţat, Varga, Finanţelor, Cash Organizations: Facebook Locations: Budapesta, Ungaria, Canada, Ethereum, Tether

☆ Купить биткоин в Молдове? Можно ли на этом заработать, если ты не Илон Маск. Гид NM
▼ + stars: | 2021-04-23 | by ( ) newsmaker.md time to read: +10 min

Что вообще из себя представляет криптовалюта, почему она такая дорогая, можно ли ее купить в Молдове, и стоит ли вкладывать в нее деньги? По данным на 22 апреля, один биткоин стоил $54,5 тыс., при этом в начале 2021 года курс составлял около $30 тыс. Поэтому, несмотря на то, что один биткоин стоит более $64 тыс., не обязательно иметь много денег, чтобы его купить. Чтобы купить криптовалюту, надо создать криптовалютный кошелек или аккаунт на бирже криптовалют. Кроме того, для начала надо разобраться в технологиях и в электронных и криптокошельках, а, вкладывая в криптовалюту деньги, понимать, что на этом можно как быстро заработать, так и быстро прогореть.

Persons: Ethereum, BNB, Skrill Webmoney, SWIFT, Программкошельков, криптовалютойЭто, Ктото Organizations: PayPal, Visa, Mastercard, Нацбанк, Ю, Яндекс.Деньги, Государственная налоговая служба, ИтогоДолгосрочно Locations: —, NMoney, ., Молдова

☆ Europenii vor ca euro digital să fie confidenţial, sigur şi ieftin
▼ + stars: | 2021-04-14 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +5 min

Discuţiile sunt în stadiu preliminar, iar lansarea unui euro digital nu este aşteptată mai devreme de 4-5 ani. BCE şi băncile centrale naţionale din zona euro analizează cu atenţie implicaţiile emisiunii de monedă euro digitală din perspectivă economică, strategică, tehnologică şi socială. Euro digital ar asigura cetăţenilor accesul la un mijloc digital de plată simplu, sigur şi de încredere, gratuit pentru plătitori în cazul operaţiunilor uzuale şi utilizabil în întreaga zonă euro. De asemenea, se identifică un set de caracteristici funcţionale pentru un posibil euro digital. Un euro digital trebuie conceput astfel încât să se evite eventualele consecinţe nedorite ale emiterii acestuia.

Persons: Diem, îşi, Eurosistemul îşi, Eurosistemul Organizations: Banca Centrală Europeană, BCE, Reuters Locations: UE, siguranţa

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