Sep 25, 2021

Bitcoin And Ethereum: What The Price Charts May Tell Us Now

With the Coinbase CEO ready to take on the Securities and Exchange Commission over what constitutes a security — and with the AMC CEO saying his operation is pleased to accept payments in Dogecoin, you have to hand it to the crypto world.

Sep 24, 2021

Even The Luxury World Must Listen To Its Customers

When rebranding something as well known and valuable as Tiffany & Co.—which represents the largest deal ever in the luxury world—wouldn’t you want to know that it resonates with your intended audience?


Pi Network allows users to mine crypto on phone as Bitcoin tumbles


  • 5:01, 27 Sep 2021
  • Updated: 5:01, 27 Sep 2021

PI Network claims to be the first and only digital currency that you can mine on your phone as Bitcoin tumbles following China’s new regulations.

Through a complex computer program, Pi Network instead uses a series of votes and exchanges of data to verify transactions, allowing users to mine the currency through the mobile app “without draining their phone battery.”

This makes the process available to anybody, in theory, Myron Jobson, personal finance campaigner of Interactive Investor, told The Sun.

Bitcoin and other cryptocurrencies continue to dip after China’s central bank announced that all cryptocurrency trading is illegal in the country and mining the tokens is banned.

Bitcoin fell by as much as 5.5 percent and Ethereum plunged by around six percent on Friday, according to Coinmarketcap.

Read our cryptocurrency live blog for the latest news and updates…


    Shares of cryptocurrency-related firms Coinbase Global , MicroStrategy Inc, Riot Blockchain and Marathon Patent Group fell after China’s central bank put a ban on crypto trading and mining.

    “It’s been a very volatile week to say the least, so I think going into the last week of September the volatility is likely to continue especially with the end-of-the-quarter window dressing,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

    Investors are also looking for signs of progress on President Joe Biden’s spending and budget bills.


    Elon Musk has once again been linked to activity in the crypto markets.

    Earlier this week, the Telsa CEO tweeted about the arrival of his new Shiba Inu pup, Floki.

    Just days later, the price of Shiba Inu coin was skyrocketing.


    The majority of Coinbase’s revenues come from Bitcoin and Ether on the Ethereum blockchain.

    They are currently the number one and number two cryptocurrencies on the market, according to MarketWatch.


    While the growth of Bitcoin has skyrocketed in some bank accounts, it’s also fueled the growth of crypto-related fraud operations.

    The FTC reported that since October of 2020, nearly 7,000 people have reported losses of more than $80million in the US due to cryptocurrency scams.

    That number is around 12 times, or 1,000 per cent more than reported losses from the period a year earlier.


    There will be 10billion Algorand coins minted (ALGO) by 2030, according to coinmarketcap.

    Algorand will be used by the government of El Salvador to develop blockchain infrastructure including Chivo, the nation’s bitcoin wallet according to Forbes.

    The country hit headlines as the first in the world to make bitcoin legal tender.

    Algorand has also come into the mainstream, signing a deal to sponsor the Drone Racing League, CNBC reports.


    Hashgraph is similar to a blockchain and was created in 2017 by American computer scientist Leemon Baird.

    The Hedera Hashgraph system is a distributed ledger built on Hashgraph and was created by Baird along with Mance Harmon.

    HBAR is the cryptocurrency of the Hedera Hashgraph.


    Crypto investor Justin Bennett sees Chainlink rising to $35.

    He told The Daily Hodl: “The $27.50 area could attract a few sellers as it’s the 50% retracement of the correction.

    “That said, a daily close above $25 should flip the area to support.

    “If Chainlink can get above the $27.50 area, there isn’t much stopping a run at $35.”


    The XLM price or the value of a lumen as of August 27 is $0.335, according to CoinMarketCap.

    Its value is down 1.99% over the past 24 hours but is up 253% compared with last year when the value was at $0.096 in August 2020.

    XLM hit an all-time high of $0.938 in January 2018 and the closest it has got since then was $0.796 in May 2021.


    Here we explain the main risks of buying the Algorand coins and other digital currency.

    • Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.
    • Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.
    • Product complexity: The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks. There is no guarantee that cryptoassets can be converted back into cash. Converting a cryptoasset back to cash depends on demand and supply existing in the market.
    • Charges and fees: Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.
    • Marketing materials: Firms may overstate the returns of products or understate the risks involved.

    According to Bloomberg, an error on Monday caused the platform Pyth to incorrectly show that the price for Bitcoin was down to about $5,400.

    In a series of tweets on Wednesday, Pyth apologised for the mishap.

    “We are communicating with Pyth partners and data providers to ensure transparency, accuracy, and confidence in Pyth,” the platform wrote.

    “We know our users depend on us and we’re working with affected partners on remedying the situation.

    “Better developer documentation and guidelines on the usage of the Pyth oracle are underway, stay tuned.

    “We deeply thank the community for the support you have shown us. Pyth will keep building toward the promise of delivering trustworthy, high-fidelity financial information.”


    Polygon is an Ethereum token that powers the Polygon Network, which aims to provide faster transactions on the Ethereum blockchain.

    It was originally known as the Matic Network when it launched in 2017.

    Polygon hit its highest ever level on May 18 when it rocketed to $2.4544.

    The price has soared by around 9,200% this year – up from $0.01781 on January 1.


    After its deal with TikTok, the price of Audius has soared by 109% over the past 24 hours at the time of writing, according to CoinMarketCap.

    It’s price now stands at $3.55, up from $1.88.

    However, it’s not a record-breaking high for the coin – in March, Audio spiked to $4.18, up from $2.50 just a day before as the platform’s profile began to build.

    However, it plummeted soon after, and despite a rise in May, has fallen since until the end of July.


    Audius is a crypto-powered music streaming platform.

    It’s owned and controlled by token holders – and tokens are called Audio.

    According to Audius, over 5.3million people have used the platform this month.

    Audio has been listed on CoinMarketCap since October 2020, and has rocketed in value over the last 24 hours following a deal with Chinese-owned social media giant TikTok.


    Remember that buying cryptocurrencies is always a risky business, and you should only invest what you can afford to lose.

    They are extremely volatile, and your cash can fall as well as rise in the blink of an eye.

    It’s important to only invest in things you understand, and some products and cryptocurrency services can be very complex.

    Before investing you should do your research as cryptocurrency firms aren’t regulated like other financial companies.

    This means that you won’t have any protection if things go wrong and you could lose all of your money.


    Crypto investor Justin Bennett sees Chainlink rising to $35.

    He told The Daily Hodl: “The $27.50 area could attract a few sellers as it’s the 50% retracement of the correction.

    “That said, a daily close above $25 should flip the area to support.

    “If Chainlink can get above the $27.50 area, there isn’t much stopping a run at $35.”


    Plenty of experts and crypto fans have made price predictions for Baby Doge, although they’re nowhere near guaranteed.

    Given it only launched at the beginning of the summer, it’s especially important to take the forecasts with a pinch of salt.

    And fans hoping for a $1 value will likely be waiting a long time given its current price of $0.000000000469.

    For example, Wallet Investor has set a one-year forecast of Baby Doge at $0.000001.

    While DigitalCoinPrice expects the crypto to hit $0.0000000007 this year and $0.0000000021 in 2028.


    The Tether cryptocurrency, which is also known as USDT, was officially launched as Realcoin in 2014, but has since changed its name.

    It’s described as a “stablecoin”, which is a type of cryptocurrency that aims to keep crypto values stable.

    Tether aims to do this by pegging the price to a regular “fiat” currency, like US dollars, Euros or the Chinese yuan.

    Tether claims to keep values steady by holding reserves in that currency in a bank.


    The price of Bitcoin dramatically dropped more than 10 percent earlier this month as El Salvador suffered problems in the rollout of the cryptocurrency as its legal tender.

    Bitcoin’s value crashed suddenly from $52,500 to below $44,000 on Tuesday, according to CoinMarketCap.


    Hashgraph is similar to a blockchain and was created in 2017 by American computer scientist Leemon Baird.

    The Hedera Hashgraph system is a distributed ledger built on Hashgraph and was created by Baird along with Mance Harmon.

    HBAR is the cryptocurrency of the Hedera Hashgraph.


    As noted by Inverse, many phishing scams will attempt to impersonate a government agency or business to get your attention.

    Some reports to the FTC said victims were contacted by scammers pretending to be the Social Security Administration and asked to deposit money into Bitcoin ATMs.

    Other victims lost money to scammers posing as the cryptocurrency company Coinbase.


    Tezos makes itself distinct from other major cryptocurrencies including Bitcoin and Ethereum, which uses proof-of-work blockchain in a few key ways

    According to Tezos, its proof-of-stake algorithm not only costs less but is also more eco-friendly.

    “The apparent growth of non-fungible tokens (NFTs) has helped to propel cryptos like Tezos from the niches of the cryptocurrency space,” Myron Jobson, a personal finance campaigner, and interactive investor told The Sun.

    He adds that “more some investors have turned to other less established players like Tezos to experiment at lower costs.”


    Charlie Barton, investment specialist at comparison site Finder, told The Sun the wider crypto market view is also important right now.

    He added: “Many coins are unlikely to see much growth until it’s clear that sentiment is moving in a positive direction.”


    The value of Shiba Inu is currently sitting at $0.000008384 and it’s up by more than 25% over the past 24 hours, according to CoinMarketCap.

    In comparison, the tokens hit their highest ever level at $0.00003641 on May 11 – but they have since dropped in value.

    It’s difficult to predict how Shiba Inu’s price will change in future due to a wide number of factors affecting it.

    This includes regulatory crackdowns around the world, comments by high profile individuals such as Elon Musk, and other developments.


    According to Bloomberg, an error on Monday caused the platform Pyth to incorrectly show that the price for Bitcoin was down to about $5,400.

    That would have represented a catastrophic drop from around $50,000 earlier this month.

    A number of Bitcoin fanatics sounded the alarm online, but it turned out they had nothing to worry about.

    Pyth, which provides financial data to a number of major investment firms, confirmed in a tweet on Monday that a glitch was behind the issue.


    The price of Algorand is currently trading at $2.06 at the time of writing.

    It’s up more than 4% over the past 24 hours and down from a seven day high of $2.54.

    Algorand hit an all time high of $3.28 in June 2019.

    Susannah Streeter, senior investment an market analyst at Hargreaves Lansdown said: “There is speculation that Algorand could be the next fast growing tree in the crypto forest, with new applications and smart contracts being built on its blockchain branches.

    “It’s still dwarfed in comparison with Ethereum and upcoming rival Solana but it’s gained the spotlight with a deal with Drone Racing Land, to provide blockchain enabled tickets, collectables and other NFT-related products to promote the organisation’s events around the world.

    “However, this is a highly competitive space and there is no guarantee who the eventual winners will be in the smart contract space.”

This makes the process available to anybody, in theory, Myron Jobson, personal finance campaigner of Interactive Investor, told The Sun.


Cryptocurrencies recovered due to positive news from the Federal Reserve and Evergrande, and then fell in China FUD; Sorare and Dapper Labs raised a total of US$930 million: Hodler’s Digest, September 19-25

In order to purify the taste buds, there was good news in the NFT field this week. Two companies, known for their tokenized sports collection projects, raised a total of US$930 million.

French football trading card NFT game developer Sorare completed a US$680 million Series B financing led by SoftBank, valued at US$4.3 billion. Dapper Labs, the team behind Flow Blockchain and NBA Top Shot, also announced a $250 million financing led by technology-focused hedge fund Coatue.

Both Sorare and Dapper Labs outlined plans to expand their tokenized collection models beyond football and basketball, respectively, while expanding their currently popular NFT projects. With the broader NFT market facing declining sales and reserve prices, a total of US$930 million marks a major bet on the tokenized sports field.

John Cena is a member of the WWE Hall of Fame and is known for his boasted “You Can’t See Me” slogan. He has recently seen limited sales during his involvement in irreplaceable products.

The professional wrestler stated that fans only bought 7.4% of his WWE NFT last month, calling the sale a “catastrophic failure” and pointed out that the price of the gold NFT package was too high, at $1,000.

A total of 500 Gold NFTs are provided, which are part of a package containing physical collections, including hats, shirts, wristbands, belts, towels, and autographed photos.

“I often talk about failure-the idea has failed,” Senna said. “Myself and the people at WWE think that $1,000 is a reasonable price point. We were wrong. We were totally wrong.”

Winners and losers

This weekend, Bitcoin is located at 42,223 USD, Ether USD 2,905 And XRP in 0.93 USD. Total market capitalization 1.88 trillion US dollars, according to To CoinMarketCap.

Among the 100 largest cryptocurrencies, the top three altcoins gaining this week are Celo (forehead) 49.84%, Celer Networks (CELR) 34.97% and Cosmos (atom) 17.34%.

The top three altcoin losers this week are Huobi tokens (HT) -32.21%, SushiSwap (Sushi) -28% and EOS (EOS) -26.22%.

For more information on encryption prices, be sure to read Cointelegraph’s market analysis.

The most memorable quotes

“We have absolutely no intention of accepting cryptocurrency. […] On the contrary, we have separate wars and fight them alone.We will never support [cryptocurrencies], Because we will continue to use our own currency with our own identity. “

Taip Erdogan, President of Turkey

“A painting by Matisse can be sold for $100 million because a few people think they are worth $100 million. More than 150 million people around the world think Bitcoin is valuable. It’s enough for me.”

Mike Novogratz, CEO of Galaxy Digital

“Stable coins are now almost like poker chips in a casino.”

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission

“Ninety-nine percent is about being in the right circle, having the right information at the right time. In the NFT field, you have been frustrated because you missed the opportunity to make a billion dollars.”

Gautier Zuping, Chief Operating Officer NFT Investment

“I know that crypto enthusiasts never want to hear me say’sell’, but if you make a huge profit like me, then I beg you. Don’t let it become a loss; sell some. Just wait and see, Let’s see if China will change its attitude towards Evergrande’s aid.”

Jim Cramer, Host I am crazy about money At CNBC

“I think we should always keep an open mind. Therefore, I am very interested in all new creations and expressions in the art world. The meta universe will appear, but I still believe that physical art will always remain in everyone’s collection. Very special location.”

Elio Deanna, Founder of HOFA

“When evaluating central bank digital currencies and other digital innovations, the final test we will apply is,’Are there clear and tangible benefits that exceed any costs and risks?’”

Jerome Powell, Chairman of the Federal Reserve Board

“I feel uncomfortable that any non-physical currency is the only currency.”

Lord PipenellTexans and Redditor

Forecast this week Bitcoin’s “blockbuster breakthrough” fractal indicates that the price of BTC may reach US$250,000 to US$350,000 in 2021

A Bitcoin analyst named Bit Harington recently posted a chart on Twitter indicating that if history repeats itself, BTC may be about to see a price increase.

Harington drew a horizontal line on top of the Bitcoin price chart of Buy Bitcoin Worldwide and Twitter user PlanB. After Bitcoin’s 2012 and 2016 halvings, Harrington’s level basically shows the resistance level of Bitcoin’s price. In both cases, the price retreated from the resistance level, gathered momentum, and then subsequently broke through that level, leading to a sharp rise.

After these price increases, Bitcoin eventually returned to those breakthrough levels and used them as support. Harington listed the new resistance at $60,000 on their chart. So far, the chart shows that Bitcoin refused to leave this level, then found support and looked upward towards resistance levels.

Harington pointed out that BTC is about 6 times higher than the previous two resistance levels each time. Analyst Michaël van de Poppe took a look at the chart, analyzed some numbers, and determined that BTC may rise by nearly $250,000 to $350,000, and then if BTC reacts similarly to the past, it will fall back by nearly $65,000.

However, this week Bitcoin is facing a series of price drops and Comments that indicate future bearish expectations Cryptocurrencies have surfaced.

FUD this week Turkish President Erdogan said, “We are at war with cryptocurrencies”

According to Turkish President Recep Tayyip Erdogan, the country is at war with cryptocurrency, but it likes blockchain technology very much.

Erdogan held a question-and-answer event in Mersin, Turkey. Innocent young people from all over the country did not know that cryptocurrency was posing a threat to their sovereignty. When asked about his views on cryptocurrencies and whether the central bank will accept encryption, Erdogan said unceremoniously: “We have absolutely no intention of accepting cryptocurrencies.”

“On the contrary, we have a separate war, a separate fight against them. We will never support [cryptocurrencies]Because we will continue to use our own currency with our own identity,” he added.

Binance will stop crypto futures and options in Australia

After Australian crypto investors were told that they had 90 days to close their positions in futures, options, and leveraged tokens, Binance, the world’s largest crypto exchange, once again restricted its services in another country.

As of Friday, Australians cannot increase or open new Binance derivatives positions. However, they can still replenish the margin balance to prevent liquidation and margin calls during this period.

According to the latest announcement, Binance’s crypto futures and options market will cease on December 23 as the company reorganizes to achieve its regulatory compliance goals.

“We are committed to our industry for a long time, and we want to ensure that our products are welcomed by users and local regulatory agencies,” a Binance spokesperson told Cointelegraph.

The latest DeFi hacker against BSC discovered that $12.7 million in Bitcoin was stolen from pNetwork

The cross-chain DeFi platform pNetwork became the latest protocol to be hacked on the Binance Smart Chain after the team reported that it lost approximately $12.7 million worth of Bitcoin on Monday.

According to a Twitter post published by pNetwork, hackers stole 277 pBTC from the exchange-most of the network’s collateral. The team pointed out that the attack was executed by exploiting a bug in its code base, adding that it was already being fixed.

If the stolen funds are returned, the pNetwork team is also very friendly to provide hackers with a $1.5 million bounty.

Best Cointelegraph featuresEthereum killer or pretender?But ether is still the king

As the “Ethereum Killer” network continues to gain more attention, the issue of high oil prices has once again attracted the attention of the Ethereum community.

Adapt or die: payment giants work with crypto companies to ensure security

Mastercard’s upcoming acquisition of CipherTrace shows that payment giants need to cooperate with crypto companies to achieve digital asset innovation.

Ukraine joins the courtesy of a crypto-friendly country through new regulations

Unlike Russia, Ukraine has passed laws that will simplify the adoption of cryptocurrencies in the country.

John Cena is a member of the WWE Hall of Fame and is known for his boasted “You Can’t See Me” slogan. He has recently seen limited sales during his involvement in irreplaceable products.


Telus announces $60 million investment in Maple Ridge – Maple Ridge News

Telus is investing $60 million to connect homes and businesses in Maple Ridge directly to its fibre optic network.

This investment is part of the company’s commitment to invest $13 billion in infrastructure and operations across B.C, through 2024.

Work on the PureFibre network in Maple Ridge is already underway, and Telus anticipates the majority of homes and businesses will be connected by the end of 2023.

The company says PureFibre is ready to withstand the additional demands of the COVID-19 pandemic, enabling people to work with large files at home while other family members could simultaneously be doing virtual school, virtually connecting with healthcare practitioners, or staying socially connected.

“Telus is very proud to be making this generational investment in Maple Ridge, providing the technology to bridge geographic and socio-economic divides and connect citizens to the people, resources and information that make their lives better, particularly as we continue to navigate the global pandemic,” said Darren Entwistle, president and CEO of Telus.

He said PureFibre enables entrepreneurs, start-ups and home-based businesses and workers to benefit from the same Internet speeds, reliability and security that large enterprises enjoy. In June, Telus was named the fastest Internet service provider in Canada by New York-based PCMag for the second consecutive year.

“Council is pleased that citizens and business owners will have access to improved broadband service that…

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India’s Jet Airways to Resume Domestic Operations in First Quarter of 2022


FILE PHOTO: Jet Airways aircrafts are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis MascarenhasReuters

(Reuters) – Defunct airline Jet Airways is set to resume domestic operations in the first quarter of 2022, the Jalan Kalrock Consortium, the successful resolution applicant of the carrier, said on Monday.

(Reporting by Chandini Monnappa in Bengaluru; editing by Uttaresh.V)

Copyright 2021 Thomson Reuters.

(Reporting by Chandini Monnappa in Bengaluru; editing by Uttaresh.V)


Where Do Successful BTC Traders Start: Make a Step to Crypto Trading

Do you still think that crypto trading is rocket science? It isn’t anymore. Today, you can enter the crypto world without any specific skills and knowledge. 2021 is the best time to make a smart move. The world of cryptocurrencies is full of new opportunities. The Crypto Genius platform is a place where you can access all these opportunities while spending minimum effort. It is a community with hundreds of traders, among which are beginners and experienced traders.

It is up to you to contribute to your successful financial future and manage your funds. Now you may think that you don’t have sufficient knowledge about how the market works. But you’ll forget about all the doubts when you get started. Users of Crypto Genius’s official website admit that it is very beginner-friendly. You won’t face any difficulties when using the platform, even if you have come to the website for the first time.

Smart traders share their experience on how they have managed to succeed in crypto trading and make their hobby a source of permanent income. Learn about Crypto Genius legal trading platform and get a chance to change your future for the better.

Crypto Genius Provides Many Cool Benefits to Traders

Trading has never been as easy as it is now. Those who begin to trade in 2021 can enjoy an opportunity to use advanced trading technology. Thanks to it, you can spend minimum time and effort to earn good money. Of course, there is no guarantee that you will become a Bitcoin millionaire. Some traders have significantly improved their financial condition. But nobody can tell you when you’ll join the number of millionaires if you trade crypto. Pass by platforms where you are guaranteed to get fast income here and now.

Crypto Genius isn’t similar to many other platforms where they give false promises. Instead of promises, they connect users with reliable brokers. It doesn’t matter where you are. You can cooperate with the trusted brokers around the globe. For this, you need to pass through a fast and easy registration. You won’t be asked to share any sensitive information. Just fill in your full name and contacts (email and phone number). It is enough to create a free account. To start trading, you should fund your account ( the minimum amount is $250). However, it is possible to make a larger deposit as there are no upper limits. It is up to you to decide what amount you are ready to invest in crypto.

Make simple steps and become a full-fledged trader of the Crypto Genius. They will give you the contacts of a trustworthy broker who will guide you through the world of crypto. You will need to follow the tips to achieve your goal – avoid losses and earn a good profit. Stay in touch with your broker to get helpful information and not miss an opportunity to make money.

Trade BTC Safely and Easily via a Mobile-Friendly App

Crypto Genius is a platform and an app with an intuitive design. It is easy to navigate and trade safely. Use the app, and you’ll see that trading isn’t super complicated. The main advantage of trading via Crypto Genius is that it is entirely safe and secure. They use advanced technologies to protect the data of their clients and provide round-the-clock technical support. You can trade as many hours per day as you want.

Full-time traders earn more, but part-time traders also manage to make good money with the help of innovative trading technology. Today, robot technology makes it much easier to research the market and pick the best deals. You don’t need to rack the brains on when it is the right timing to sell and buy Bitcoin.

Carefully selected brokers will help you to cope with crypto trading risks successfully. You’ll be able to minimize risks and celebrate success. Enjoy innovative investment strategies by trading via a reliable platform. Low initial capital will help you achieve your primary objective – become a trader who makes effective decisions. Your dreams will come true if you move to it persistently, cooperating with trusted brokers.


The US may crack down on ‘stable’ cryptocurrencies | Engadget

Stablecoins are ostensibly safer than regular cryptocurrency thanks to their ties to less volatile assets, but US regulators apparently aren’t convinced. Bloomberg sources hear the Treasury Department and other federal agencies are close to a possible crackdown on stablecoins through a review from the Financial Stability Oversight Council. Officials are reportedly concerned the digital money is largely unregulated and could ultimately destabilize the financial system, not protect it.

A presidential Working Group on Financial Markets is believed to be most concerned about Tether. The cryptocurrency’s operators said they stabilize their funds by holding large amounts of corporate debt. That could be vulnerable to “chaotic investor runs” if cryptocurrency values tank, according to Bloomberg.

While a firm decision isn’t expected until December, when the Working Group is believed to be issuing recommendations, there’s reportedly a “consensus” in favor of an Oversight Council review. If that happens, the council could label stablecoins as threats that warrant strict regulation. Numerous cryptocurrencies could be forced to change their business models or even shut down.

As it stands, stablecoins are at risk from government competition. The Federal Reserve is exploring the possibility of launching a central bank cryptocurrency. Such a move could render private options moot in the US — there wouldn’t be much point to them if there was an official, potentially more reliable equivalent. Whatever happens, it’s safe to say the existing stablecoin market might not last long as-is if a review goes forward.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

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Crypto investment scams prompt warning from Delta police – Peace Arch News

Delta police are warning residents to be extra careful and do their homework before investing in cryptocurrency following a number of recent fraud complaints.

”The news stories are enticing: Bitcoin valuation reaches new highs. Eretheum, Dogecoin up 10 per cent,” reads a DPD press release issued Friday afternoon (Sept. 3).

“There is a lot of interest in investing in cryptocurrency, but at the same time scammers are capitalizing on that fact, and many are taking advantage of investors’ lack of knowledge on how to invest in this market.”

Police say they have received six complaints about residents being scammed with they tried to invest in crypto currencies in recent months — most of those in August — and the victims’ losses have been significant, from just under $5,000 to over $100,000.

Const. Dustin Classen of the DPD’s cybercrimes section said that in all of those cases, there is no chance for the investors to recoup their losses.

Police say several of the incidents have factors in common. In most cases, the scammers contacted the would-be investors through an online platform, varying from dating sites to chat apps, and established an online “relationship.” was established. In two cases, the investors clicked on an ad that led them to an illegitimate company.

The investors were typically encouraged to e-transfer funds from their bank accounts to mobile wallets, and from there to unknown accounts. In some cases the scammers walked the victims through the process online, even having the victim download software to allow the scammer access to their computer.

Then, when victims tried to withdraw their “profits” or their investment, either the money was gone or the victim was informed they needed to pay considerable additional fees to access their money.

“If you are going to invest in cryptocurrency, be very cautious,” Classen said in a press release.

“I would advise investors to check the URL or domain of the investment website and do their homework,” Classen said. “Is the investment firm well established and reputable?”

Police recommend residents visit the British Columbia Securities Commission’s website ( for advice and tips for potential investors, including a video which explains the scams in greater detail.

Investors can also check specific investment companies to determine if they are subject to investigation by the B.C. Securities Commission at, and Canadian Securities Administrators runs a website — — where people can check the registration of securities industry professionals.

Other tips on investing in cryptocurrency:

• Cryptocurrency transactions are not reversible. Once the funds are sent, they cannot be recalled.

• Before transferring any money, research the name of the investment company online and see if anyone else has been scammed.

• Do not rely on investment advice from someone online who you’ve never met. There’s a very strong chance they are a scammer.

Investor Warning: Protect Yourself From Online Crypto and Forex Schemes from BCSC InvestRight on Vimeo.

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Police say they have received six complaints about residents being scammed with they tried to invest in crypto currencies in recent months — most of those in August — and the victims’ losses have been significant, from just under $5,000 to over $100,000.


NBA World Reacts To DeAndre Jordan Trade News

Brooklyn Nets v Portland Trail BlazersPORTLAND, OREGON – MARCH 23: DeAndre Jordan #6 of the Brooklyn Nets reacts during warm ups before the game against the Portland Trail Blazers at Moda Center on March 23, 2021 in Portland, Oregon. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Steph Chambers/Getty Images)

The Brooklyn Nets are reportedly trading veteran center DeAndre Jordan, four future second-round picks and $5.78 million to the Detroit Pistons in exchange for Jahlil Okafor and Sekou Doumbouya.

The Pistons plan to work through a buy-out on Jordan’s current two-year, $20 million contract money owed. The Nets will save $47 million in salary on the deal, per ESPN NBA insider Adrian Wojnarowski.

ESPN Sources: Brooklyn is trading C DeAndre Jordan, four future-second round picks and $5.78M to Detroit for Jahlil Okafor and Sekou Doumbouya. Pistons plan to work through a buyout on two-years, $20M owed Jordan; Nets will save $47M in salary and tax on deal.

— Adrian Wojnarowski (@wojespn) September 3, 2021

The Nets recently signed veteran forward Paul Millsap and big man LaMarcus Aldridge after he cleared necessary medical evaluations earlier this week. With less of a need for veteran big-man talent down low, the Nets can use the money saved on Jordan’s contract to go after future mid-level free agent options.

After joining the Brooklyn organization prior to the 2019-20 season, Jordan had a solid year in his first campaign with the team, averaging 8.3 points and 10.0 rebounds per game. With the arrival of his former Clippers teammate Blake Griffin midway through the 2020-21 season, Jordan’s production dropped to 7.5 points and 7.5 rebounds per game.

In addition to the money saved with this trade, the Nets also receive an exciting young player in Sekou Doumbouya. Selected with the No. 15 pick in the 2019 draft, the 20-year-old power forward has averaged 5.6 points and 2.8 rebounds through 17.3 minutes per game over the last two seasons.

As one of the youngest teams in the NBA, the Pistons should benefit from some veteran leadership in Jordan.

NBA fans and analysts from across the league took to Twitter to react to this trade.

A trade always seemed to be 8n the cards for #Pistons to open a roster spot. This seems to be a good deal to get future capital and potentially nope a couple of roster spots.

— Rod Beard (@detnewsRodBeard) September 3, 2021

Saving 47M in this trade is a W alone

— Myk 👹 (@mykol__) September 3, 2021

I guess they are concerned about tax savings after all. Twitter has been telling me otherwise.

— Anthony Duckett (@a_duckett) September 3, 2021

Hope things work out for Sekou. Still only 20 years old.

— Rᴏɴ Tᴇʀʀᴇʟʟ (@RonTerrell) September 3, 2021

The Timberwolves had interest in Sekou Duombouya out of the 2019 Draft. They tried trading back in to the late lottery for him after trading up for Culver.

Will be interesting to see if Duombouya stays in Brooklyn or if he’s on the move.

— Dane Moore (@DaneMooreNBA) September 3, 2021

Doumbouya could even be an interesting prospect for #Nets. #Pistons giving up on him.

— Shlomo Sprung (@SprungOnSports) September 3, 2021

Troy Weaver has now completed wiped the Pistons roster he inherited. Sekou Doumbouya is gone.

Detroit is getting four second-round picks to take on DeAndre Jordan’s contract.

— Brad Galli (@BradGalli) September 3, 2021

The #Nets had been trying to move DJ for some time, to no avail. They’d tried attaching a first round pick. Finally got done, using seconds and cash, but actually getting a return. #nba

— Brian Lewis (@NYPost_Lewis) September 3, 2021

Smart move by Brooklyn not going in the direction of a buyout.

Dead cap space (over 5 seasons) is the last thing you want on your cap ledger especially with the repeater tax looming in 2023-24.

Brooklyn can now invest the savings into using the full tax ML and buying picks.

— Bobby Marks (@BobbyMarks42) September 3, 2021

The Nets continue to make moves this offseason as they gear up for a title run in 2021-22.


Donald Trump says cryptocurrencies are a disaster waiting to happen – and slams the ‘fake’ money for hurting the dollar

donald trumpFormer President Donald J. Trump.

Jabin Botsford/The Washington Post via Getty Images

Donald Trump described cryptocurrencies as a disaster waiting to happen, and lashed out at them for hurting the dollar.

“I like the currency of the United States,” the former US president told Fox Business’ Stuart Varney when asked his thoughts on crypto. “I think the others are potentially a disaster waiting to happen.”

Trump cast doubt on digital assets, and said people in the US “should be invested in our currency.”

“They may be fake. Who knows what they are?” he said in the Tuesday interview. “They certainly are something that people don’t know very much about. I have not been a big fan.”

Bitcoin proponents among others have suggested cryptocurrencies could pose a threat to the US dollar as a reserve currency and through their use in transactions, such as for trade, and in remittances.

This wasn’t the first time Trump has publicly blasted cryptocurrencies. He told Fox’s Varney in June that bitcoin seems like a scam and suggested the asset should be more regulated.

Bitcoin’s price has fallen 25% from its record high above $64,000 to about $47,500 as of Wednesday. Still, it is up 64% so far this year. In comparison, the dollar index is little changed.

US regulators and lawmakers have stepped up their attention on cryptocurrencies in recent months, as the highly volatile assets grow in popularity among retail investors.

Before Twitter permanently suspended Trump’s account, he criticized cryptocurrencies on a thread in 2019. “I’m not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” he said at the time.

Although the former president isn’t big on crypto, he has a group of supporters who launched a digital token as a reaction to his loss in the November 2020 election. Magacoin, the pro-Trump cryptocurrency, has received over 1,000 sign-ups since its launch, as of July.

President Joe Biden’s administration has acknowledged the crypto boom, by contrast to Trump. Gary Gensler, Biden’s appointment to chair of the Securities and Exchange Commission, has said cryptocurrency trading platforms have become so large that they need to embrace regulation or risk losing public trust.

“There are a lot of platforms that are in operation today that would do better engaging and instead there is a bit of…?begging for forgiveness, rather than asking for permission,” Gensler said in a Financial Times interview published Wednesday.

Read More: The ‘Wolf of All Streets’ trader shares the 6 altcoins he’s bullishly ‘hodling,’ and why investing in crypto now is the largest upside opportunity that our generation will see

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