FinCEN Identifies Virtual Currency Exchange Bitzlato as a... - cyptoranking.com

2024-05-13

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While security and reliability are always top priorities, forward-looking blockchain projects must take both project-specific details and evolving trends into consideration before making a final decision. Below, nine members of Cointelegraph Innovation Circle discuss factors a blockchain project should consider when choosing a consensus mechanism and why they can play a role in long-term success. Ethereum Open Interest Rising: What Does It Mean? FinCEN Identifies Virtual Currency Exchange Bitzlato as a...Commonly seen as a monetary network, bitcoin can also serve as a decentralized and unstoppable publishing technology thanks to the Ordinals protocol. Created last year by bitcoin developer Casey Rodarmor, Ordinals aims to make it easy for anyone to add data to bitcoin –– be it text, image, video, HTML or Markdown. However, a bit more digging reveals another potential answer: wash trading.

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The conservative stance of some fashion brands towards blockchain use cases isn’t surprising, but you didn’t have to look too hard during Milan Fashion Week to find examples of giants that are eagerly experimenting and engaging their customers in new ways. A divide remains—but it’s shrinking further and further with each new technological embrace.Israeli Crypto Firms Scramble to Deal With War, in Between the Sirens Yellow Duckies benefits from the robust blockchain technology of Yellow Network, which provides constant updates and developments. This ensures the token remains technologically advanced and up-to-date. Quickswap-Leading DEX on PolygonVolodymyr Zelenskyy deepfake | Source: BBC Santa Catarina police vehicles at a crime scene. (Source: Polícia Civil de Santa Catarina/Facebook)

Source: Miguel Faus / TwitterWho says NFTs are dead? ‘Calladita / The Quiet Maid' - a movie funded by the sale of non-fungible tokens (NFTs), set to premiere at the Tallinn Film Festival - has secured a global sales deal. 'The Quiet Maid' is the first European feature film financed by the sale of NFTs. It is a debut film and a social satire by the Spanish filmmaker Miguel Faus. The world sales rights were picked up by the Iberoamerican company FilmSharks.Deadline reported that FilmSharks made the deal at Iberseries, an industry conference held October 3-6 in Madrid.The film won the Steven Soderbergh Foundation Grand Prize at the Sundance Film Festival.Steven Soderbergh is an American film director, producer, screenwriter, cinematographer, and editor, well known for movies such as the Ocean's trilogy and film franchise, 'Erin Brockovich', 'The Informant', 'Contagion', 'Haywire', 'Magic Mike', and others.In January, Soderbergh backed 'The Quiet Maid' with $100,000 from an on-chain fund and granted it the award through the Decentralized Pictures Foundation. Debuting in November"Over the moon to announce that the World Premiere of THE QUIET MAID / CALLADITA will be at TallinnBNFF in the First Feature Official Competition," Faus tweeted on October 6. Tallinn Black Nights Film Festival will be held November 3-19, while this particular film will debut on November 10. The production team includes Calladita Films, Potenza Producciones, and Decentralized Pictures. Cast features Paula Grimaldo, Ariadna Gil, Luis Bermejo, and Pol Hermoso. Per the description, the film runs for 90 minutes, following Ana from Colombia, who takes up a servant job in an art collector's luxury villa located in an affluent Spanish neighborhood in Catalonia. "In a few days, the seemingly ordinary villa turns into a rabbit hole and from its depths, Ana finds the courage to create chaos instead of order."It is based on a short film of the same title that Faus made in 2020, which premiered at Palm Springs Shortfest and Malaga Film Festival. It was subsequently acquired for streaming by HBO Max. Faus' previous short film from 2018, 'The Death of Don Quixote', won the Melies d’Argent for Best European Short Film at the Sitges Film Festival. Commenting on 'The Quiet Maid', Faus told Deadline that, "This is an important story, and we’re so glad to take it to an international stage."Federico Pascua, Senior Sales and Acquisitions at Filmsharks, described the film as a "gem" that caught the company's attention "because of its different cinema flavors, including a strong cinematic director's eye with a very accurate portrait of the social dissonance happening today that translates as a global matter."Meanwhile, Faus also announced a raffle of a Calladita NFT for those who spot every NFT appearing in the official trailer. ____Learn more: - New 'Dogumentary' Chronicles the Rise of Dogecoin- Margot Robbie Mocks Bitcoin, Labeling It a 'Ken' Affair, as Mattel Explores NFTs- Top 7 Bitcoin Documentaries To Watch in 2022- Ashley Benson Talks Fame, Hollywood, & Her New NFT MovieStarbucks Celebrates 20 Years of Pumpkin Spice Latte with NFT Collectibles Volatility is your friend Traders Union recognized Bybit as the best crypto...Kevin Pawlak, once a key figure at OpenSea, is now embroiled in allegations connected to the AnubisDAO rug pull of 2021 / Image by junce11 on Adobe StockKevin Pawlak, the former head of ventures at NFT marketplace OpenSea, is facing accusations connected to the AnubisDAO rug pull incident that occurred in 2021. The allegations came to light in an October 6 X (formerly Twitter) thread posted by an anonymous account called NFT Ethics. For its part, OpenSea stated that there is no definitive evidence tying him to the alleged crypto scam.The issue has ignited debates and investigations across the crypto community. Despite the ongoing controversy, definitive proof linking Pawlak to the incident remains elusive. Allegations Emerge on Social MediaNFT Ethics tagged OpenSea in its X thread demanding a response to allegations against Kevin Pawlak. According to the thread, Pawlak may be connected to a pseudonymous identity known as "0xSisyphus," and has been implicated in "various questionable business activities." NFT Ethics supported their claims by analyzing Ethereum transactions. They reported that an Ethereum address starting with "0xBB5B" had registered multiple domains, including kevinpawlak.eth and pawlak.eth, on October 4, 2021.Additional scrutiny revealed that the addresses pawlak.eth and sisyphus.eth participated in the minting of Zorbs tokens and sismo.eth DAO tokens within a short time frame. However, critics argue that these findings are inconclusive and do not establish a direct link between Pawlak and the AnubisDAO rug pull.The AnubisDAO Incident: A Brief OverviewThe AnubisDAO rug pull took place in October 2021. AnubisDAO managed to raise 13,556 Ether, equivalent to $60 million at the time, from crypto investors. But within 20 hours, the funds were dispersed to multiple wallet addresses, causing immediate financial loss for investors. Brian Nguyen, one of the affected investors, disclosed to CNBC that he lost $470,000 in the incident.AnubisDAO Faır Launch Chart by Copper LaunchSome experts are skeptical about the allegations against Pawlak. ZachXBT, a known blockchain analyst, described the thread by NFT Ethics as "mid-curve," implying that it lacks solid evidence. He pointed out that many assumptions about 0xSisyphus’s involvement in the AnubisDAO rug pull are based on "events that are not factually related."Additionally, 0xSisyphus had previously offered a 1,000 ETH bounty for information leading to the identification of the wallet responsible for emptying the AnubisDAO pool. This move, combined with ongoing investigations by law enforcement agencies in the United States and Hong Kong, adds layers of complexity to the issue.While OpenSea continues to distance itself from the controversy, the situation underscores the broader challenges of accountability and transparency in the industry. So far, no concrete evidence has been presented to definitively link Pawlak to the AnubisDAO incident, leaving room for further investigation and public discourse.Pond0x DEX Touts $100M Volume Amidst Scam Allegations Ethereum’s NFT volumes and unique active wallets have also dropped by 30% and 16.5% in the last 30 days, according to DappRadar. That includes declines in the key metrics of popular apps, including decentralized exchange Uniswap v2, DEX aggregator 1inch Network, Ethereum staking provider Lido and others.Ethereum technical analysisEthereum price technicals meanwhile show a potential rebound toward its 50-day exponential moving average (50-day EMA; the red wave) near $1,665. However, looking broadly, ETH/USD has been paining a bearish continuation pattern called an ascending triangle.As a result, a break below the triangle’s lower trendline risks crashing the price by as much as the pattern’s maximum height. In this case, ETH’s price can drop to $1,465 and $1,560 in October 2023, depending on the breakdown point.ETH/USD daily price chart. Source: TradingViewIn the short term, a break above the 50-day EMA could have ETH’s price rise toward the triangle’s upper trendline near $1,730 in October 2023, coinciding with the 200-day EMA (the blue wave).This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Street vendors abound in downtown Manhattan’s Financial District. But weeks ago, on Sept. 14, an especially unconventional seller set up shop in front of the United States Securities and Exchange Commission (SEC), transforming a patch of Maiden Lane into a colorful quilt of doormats, each spray painted with the straightforward instruction to “pull.” People enquired, but they were fake and not really for sale. The wares were part of “Rug Pull,” the latest guerilla installation by Nelson Saiers, a New York-based hedge fund manager turned artist who some consider “The Warhol of Wall Street” or crypto’s most creative activist. As an artwork, “Rug Pull” highlights the many victims affected by the type of scam it’s named after. The crypto rugs outside the SEC in New York. Source: SaiersOver the past year, crypto has been forced to overcome its resistance to centralized regulations. At the same time, victims of rug pulls and other scams have yet to enjoy the protection that centralized bodies supposedly provide. “The SEC’s shortcomings extended beyond merely failing to safeguard investors from clear scams,” Saiers told Cointelegraph, adding: “While they have a very difficult job, it seems they were too lax in some ways but also too aggressive in others. I feel their rejection of certain investments may have unfortunately led some investors into more fraudulent products.”Saiers only works on-site when it makes sense. His art practice transcends crypto, too. He takes on other topics like unjust incarceration or the profound union of art and math. The artist’s family moved from Ethiopia to the Washington, D.C. area when he was five. He earned his bachelor’s and Ph.D. in mathematics from the University of Virginia by age 23. Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground reportSaiers chose to work in finance after reading the travails of the Wall Street bond salesmen in the book Liar’s Poker by Michael Lewis. He served as a managing director at Deutsche Bank and as the chief investment officer at his own fund, Saiers Capital, which won the 2011 HFMWeek Award for top Relative Value hedge fund.In 2014, though, he took the leap to become an artist.“Art was just way more interesting than finance at that point,” Saiers said. He’d seen significant shifts during his finance career — like the 2008 crisis, to say the least. By comparison, the field was calming down. “When you’re regularly daydreaming about art, or you wake up in the middle of the night and start thinking about your next art piece instead of the Nikkei and S&P, it’s time to become an artist.”He taught himself to paint with videos and books, building on childhood museum visits.At the end of 2014, Saiers presented his first full-scale exhibition titled “Blindfolded in Gravity’s Shadow” at Studio Vendome in New York. In 2016, he unveiled three more, including “Shortening: Making Irrational Rational,” which was a show criticizing unnecessarily long prison sentences for low-level offenders in America’s prison industrial complex through the lens of jerseys — since inmates often call those sentences “football numbers.” The show took place, appropriately, at the infamous prison on Alcatraz Island in San Francisco. Saiers caused a buzz with his first guerilla installation in 2018, where he inflated a towering “crypto rat” in Manhattan’s Financial District, staring down the Federal Reserve. The Bitcoin rat. Source: SaiersIts design was directly inspired by iconic New York City blowup rats, which often anchor protests against landlords. In this instance, Saiers added crypto code across the rodent’s body and Bitcoin (BTC) signs in its eyes. The rat also alluded to Warren Buffet, who called crypto “rat poison squared” at the time. That was the first crypto winter, where Bitcoin famously fell from $20,000 to $6,000 at the hands of SEC uncertainty and waning faith in the tech. That was the year Saiers, who’s only ever held Bitcoin, got involved in crypto. “I did want to inject some support back into the crypto community,” he said.Even at the height of the madness, he never got caught up in a rug pull. Despite disagreeing with Buffet’s crypto critiques, Saiers cited Buffet’s advice “to be fearful when others are greedy and to be greedy only when others are fearful” as his strategy for avoiding most scams. However, Saiers still sympathizes with those who’ve lost savings in the crypto sector, from obscure projects to FTX. Rather than protecting these taxpayers, he sees the SEC approving bailouts for big banks, even while America’s national debt climbs. “Rug Pull” speaks to that everyman mentality with its simplicity. Saiers sourced the rugs from Instacart, though his orders got canceled several times due to their size. He chose to spray paint the “pull” accents for pragmatism and to honor the guerilla artist aesthetic. A cart stationed near the sales display lent further, subtle nuance. The cart itself is another fixture for your typical New York street vendor, but Saiers’s had locks on it to represent locked liquidity, an exit sign to represent exit scams and an empty water bottle for a lack of liquidity. Recent: Crypto VC: Token investing and the next bull run with Digital Wave FinanceThe artist has another New York gallery show in store during the next year, but just because the “Rug Pull” debut is complete doesn’t mean the project is done. Saiers might perform it again. It wouldn’t be the first time he’d repeated a guerilla installation — he even brought the Bitcoin rat down to Washington, D.C., but while he only has to give the New York Police Department a day’s notice to set up in the city, the Secret Service in D.C. warned him that a bomb squad would need to check out the generator he uses to keep the rodent inflated. Saiers went home instead. “Rug Pull,” however, doesn’t require machinery. So, who knows where it could go on view next. The cryptocurrency mining industry is currently struggling with historically low hash prices. Hash price expresses the expected revenue per petahash per second of hash capacity of a miner. This downturn is putting great pressure on miners around the world, forcing them to rethink their strategies and adapt to the changing environment. Avorak likely better profit than buying Dogecoin on eToroInstead, the entirety of Fridman and Zuckerberg’s conversation used photorealistic realistic avatars in the metaverse, facilitated through Meta’s Quest 3 headsets and noise-canceling headphones. Despite this week’s sales being 11.65% lower than the previous week, there’s a silver lining: the count of NFT purchasers surged by 17.77%, while the tally of sellers jumped by 15.82%. Data sourced from cryptoslam.io reveals that NFT sales on the Ethereum platform took the lion’s share, accounting for $38.10 million of the week’s turnover.

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