Aurelia Butler

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  • 163 Shares169 Views

    in Cryptocurrency

    Bitfarms seeks to modify loan facility with BlockFi as bear market drags on

    On Jan. 13, Bitfarms disclosed that it is working with creditors to modify a loan agreement for Backbone Mining Solutions, or BMS, which owns and operates Bitfarms’ 20-megawatt mining facility in Washington state. BMS received a $32 million equipment financing loan from Bitcoin lender BlockFi in February 2022. The loan was secured against existing BMS assets, including its miners and a certain percentage of BTC produced by its mining rigs. Continue Reading on Coin Telegraph More

  • 138 Shares189 Views

    in Cryptocurrency

    Bulgarian authorities charge four individuals following raid on Nexo office: Report

    According to a Jan. 13 report by Bloomberg, authorities charged four Bulgarian nationals with forming an organized crime group, which may have included activities related to money laundering and unlicensed banking. The country’s National Police Service reportedly seized a number of assets as part of the investigation, including cryptocurrency, cash and computers.Continue Reading on Coin Telegraph More

  • 138 Shares119 Views

    in Economy

    Thousands of teachers take to Lisbon streets to demand higher wages

    LISBON (Reuters) – In a fresh blow to Portugal’s government, tens of thousands of Portuguese teachers and school staff poured into the streets of the capital Lisbon to demand higher wages and better working conditions in one of the biggest protests of recent years.During the peaceful demonstration, organised by the Union of All Education Professionals (STOP), protesters held banners and shouted slogans as they urged Education Minister Joao Costa to step down. Teachers on the lowest pay scale make around 1,100 euros ($1,191.08) per month and even teachers in the top band typically earn less than 2,000 euros monthly. Protesters say current wages are too low, particularly given the cost of living crisis. “Teachers deserve a fair salary because we’ve worked all our lives… we’ve never been corrupt and we’ve never stolen like the bad example that is unfortunately coming from politicians,” 62-year-old history teacher Maria Duarte said as waited for the march to kick off.The Socialists, led by Prime Minister Antonio Costa, won an outright parliamentary majority in an election a year ago but the government has had a bumpy ride since then, with 13 ministers and secretaries of state leaving their roles, some over allegations of past misconduct or questionable practices.”It would be good for the leaders who are watching this demonstration to think very carefully about what they are going to do next because we want this to have consequences; we want serious measures to be taken,” said maths teacher Aitor Matos. The 47-year-old said teachers were “constantly losing income” and were often placed in schools far from home.Protesters, some wearing black to mourn the state of the education sector, said the government has done little to improve their situation. “We have to be respected,” said special needs teacher Lucinda Lopes, 52. “They must give us what is rightfully ours and they can’t take away the little we have.”Teachers across the country have been on strike since early December, leaving many students unable to attend lessons. The education minister said on Friday he might force some teachers back to work by decreeing minimum services. ($1 = 0.9235 euros) More

  • 125 Shares179 Views

    in Cryptocurrency

    CryptoLaw.us Publishes All Redacted Daubert Motion from SEC vs XRP

    CryptoLaw, a web portal for US-based crypto litigations founded by John E Deaton, has published all redacted Daubert Motion filings from the Securities and Exchange Commission (SEC) and the Ripple blockchain (XRP).According to a source, Daubert Motion filings are a type of motion that seeks to exclude the expert’s testimony presentation to a jury. James K. Filan, a pro-XRP defense lawyer, shared the update early today with the XRP community. Filan also shared a newly filed motion by the SEC in which the regulator sought to prevent the testimony of Ripple defendant’s experts. Greg Beuke, an immigration attorney, argued that the SEC is not correctly addressing the Howey Test prong in its legal filings but instead skipping over it and pretending it is not essential. Notably, the Howey Test is a legal test used to determine if something is considered an investment contract and, therefore, subject to securities laws. The test has four parts, called ‘prongs.’Blockchain lawyer John Deaton recently aired his prediction about the crypto industry this year. Deaton declared that the multi-year legal battle between Ripple and the US SE would only settle after a decision from Judge Analisa Torres.However, a few people misconstrued the lawyer. So he clarified that he meant a settlement that would eliminate any potential jury trial and appeal. Deaton’s second prediction was that an exchange would face charges for selling unregistered securities, like in the case of XRP vs. SEC. He added that the current chairman of the SEC, Gary Gensler, would resign before 2023 ends.The post CryptoLaw.us Publishes All Redacted Daubert Motion from SEC vs XRP appeared first on Coin Edition.See original on CoinEdition More

  • 125 Shares199 Views

    in Cryptocurrency

    Twitter’s “Coins” Feature Poses Threat to Elon and DOGE Relationship

    Many crypto industry proponents feel that this might be the beginning of the close of the fruitful relationship that has existed between Elon “The Dogefather” Musk and Dogecoin (DOGE). This belief stems from the recent disclosure that Elon Musk may be on the verge of rolling out a new Twitter “Coins” feature.This also comes as a result of Musk’s recent declaration that he intends to continue expanding Twitter in order to expand the reach of the platform and the amount of interaction it receives.For instance, Jane Manchun Wong, a Hong Kong-based security researcher recently tweeted;Users will reportedly be able to buy Twitter Coins with fiat money via the payment processor Stripe. Based on the information that has leaked so far, it seems that users will be able to earn rewards in the form of Twitter Coins for retweeting certain content.Particularly noteworthy is the fact that Elon Musk has a lengthy relationship with dogecoin. The Tesla (NASDAQ:TSLA) CEO initially started addressing DOGE in a tweet he sent out in December 2020, which read:Since then, Musk has been heavily engaged in the dissemination of information on the meme currency throughout Twitter. The price of dogecoin went up as a result of Musk’s endorsements, with a 28% gain occurring within less than 24 hours after it was announced that he acquired Twitter.The value of DOGE steadily increased as he made more remarks, reaching a stage where whatever Elon Musk wrote caused the meme currency to surge, as evidenced by recent unrelated Twitter posts.The post Twitter’s “Coins” Feature Poses Threat to Elon and DOGE Relationship appeared first on Coin Edition.See original on CoinEdition More

  • 150 Shares149 Views

    in Cryptocurrency

    $1 Billion Fund to Bet on Abu Dhabi Global Market Web3 Start-ups

    After obtaining a formal license to issue utility tokens from the Abu Dhabi Global Market (ADGM), Venom became the first blockchain to fall under the jurisdiction of a regulatory body. Located in the ADGM, Venom will have a leg up on the competition in any future ventures it undertakes, as the ADGM is a veritable paradise for investors and financial service organizations.Venom Foundation announced the launch of its first venture fund, Venom Ventures fund, focused on investing in top-tier blockchain projects and Web3 DApps, priming it to become a leading supporter of next-generation digital technologies.In fact, the Venom Ventures Fund (VVF) has just been unveiled. The formation of this fund was a collaborative effort with Iceberg Capital, a fast-growing alternative asset management company that provides diversified investment management platforms, including direct and private equity, venture capital, technology, and virtual assets.The fund, integrated into the Venom blockchain and managed by a group of industry heavyweights and blockchain specialists, invests up to $1 billion in innovative Web3 start-ups out of ADGM. The Venture team consists of seasoned experts from both the traditional and blockchain industries. They are both traders and venture capitalists, and they hail from prestigious financial institutions like Blackrock (NYSE:BLK) and Iceberg Capital.Peter Knez, a former Chief Investment Officer at BlackRock, and Mustafa Kheriba, a renowned investment professional with a stellar record in the region, are two such examples. After learning that the fund would be established in Abu Dhabi, he was overjoyed at the prospect of investing in and fostering the growth of potential blockchain start-ups. Venom and Iceberg’s top executives agree that investing in the best blockchain start-ups is a win-win.Web3 dApps and protocols that cater to long-term trends like payments, asset management, banking services, and GameFi get the most attention from the VC fund. The incubation program offered by Venom Ventures Fund provides access to valuable assets like a global network, exchange support, marketing, market making, technology, legal, and regulatory assistance.The initial investment for the fund is Nümi Metaverse.Nümi, a worldwide metaverse platform for thought leaders, followers, and innovators, is one of the company’s first investments. When presenting their idea to the Venom Ventures Fund, they were given a $20 million investment. In 2023, the dev team hopes to release their “Visual Novel,” a minigame experience with a variety of special rewards for players.Nümi is set to debut on VR headsets by the end of the year, followed by PCs and mobile devices in 2024. We expect additional investments from Nümi in the coming quarters and encourage new venture creators who are interested in applying to do so through the VVF website.The post $1 Billion Fund to Bet on Abu Dhabi Global Market Web3 Start-ups appeared first on Coin Edition.See original on CoinEdition More

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    in Cryptocurrency

    UAE Introduces First Regulatory Regime For Virtual Assets

    UAE has announced the introduction of a new federal-level regulation governing virtual assets. This framework is the state’s first-ever regulatory regime set up for the web3 space in UAE.According to the UAE Cabinet, the regulation adds another layer of surveillance when it comes to virtual assets and virtual asset service providers. Additionally, the regulation will serve as UAE’s primary supervisory regime for virtual assets and is anticipated to go live on January 15.The goal behind the introduction of the regulation is to ensure protection for investors, as well as, monitor the crypto industry in the country. The UAE Cabinet while acknowledging the expected risks to traders and investors in the sector, shared,Moreover, before the announcement of the regulations, UAE has taken measures to scrutinize the industry, including multiple supervisory initiatives for virtual assets in particular parts of the nation. Abu Dhabi Global Market (ADGM), the Dubai International Financial Centre (DIFC), and The Emirate of Dubai’s recent virtual asset regime Dubai’s Virtual Asset Regulatory Authority (VARA) are a few of those initiatives.Financial experts agree that the UAE Cabinet’s introduction of federal-level rules is a well-expected legislative development due to the risk profile of the UAE’s virtual asset sector. Under ‘local licensing authorities,’ the Cabinet explores a new approach to interaction with the developing VARA regime and its Abu Dhabi counterpart, after absolving regulations of financial free zones like ADGM and DIFC from the federal financial services rules.The post UAE Introduces First Regulatory Regime For Virtual Assets appeared first on Coin Edition.See original on CoinEdition More