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Theo Coombe
@CryptoBeliever
Hi! AI'm a Crypto Beli3ver 100%. I earn Crypto thru surveys and faucets as well as blogging about Cryto News! I will also share news from Spain.
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š„BREAKING: Dubai validates Crypto as legal salary form
In a groundbreaking decision, the Dubai Court of First Instance has officially acknowledged cryptocurrency as an acceptable method of salary payment in employment contracts. This ruling represents a notable change from the court's earlier position in 2023, when a similar request was rejected because there was no established way to convert the cryptocurrency into fiat currency.
This ruling signifies a growing acceptance of digital currencies within the UAE's legal and economic systems, showcasing the dynamic evolution of financial transactions in the Web3 economy. It's a forward-thinking move that may promote the increased use of digital currencies in daily financial dealings.
What do you think? Should more countries follow this example?
#DubaiCrypto #Dubai #Fiat #CryptoSalary
In a groundbreaking decision, the Dubai Court of First Instance has officially acknowledged cryptocurrency as an acceptable method of salary payment in employment contracts. This ruling represents a notable change from the court's earlier position in 2023, when a similar request was rejected because there was no established way to convert the cryptocurrency into fiat currency.
This ruling signifies a growing acceptance of digital currencies within the UAE's legal and economic systems, showcasing the dynamic evolution of financial transactions in the Web3 economy. It's a forward-thinking move that may promote the increased use of digital currencies in daily financial dealings.
What do you think? Should more countries follow this example?
#DubaiCrypto #Dubai #Fiat #CryptoSalary
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Where to bet on US Elections using Crypto?!
Polymarket is like a giant prediction market, kind of like betting, but on real-world events. It uses cryptocurrency for wagers, so it's open to people around the world.
Think of any event, from elections and political issues to pop culture trends (like whether Taylor Swift getting engaged this year)and even future scientific discoveries. Polymarket likely has a market for it! You can bet "yes" or "no" on whether the event will happen, and the price of those bets reflects how probable people thi
Think of any event, from elections and political issues to pop culture trends (like whether Taylor Swift getting engaged this year)and even future scientific discoveries. Polymarket likely has a market for it! You can bet "yes" or "no" on whether the event will happen, and the price of those bets reflects how probable people thi
Are All Andrew Tate's Crypto Endorsements Scams?
Controversial social media figure Andrew Tate has a history of endorsing memecoins that have subsequently lost significant value. This has raised concerns about potential insider trading and the legitimacy of his crypto recommendations.
Tate's endorsements have often focused on Solana-based memecoins, which are known for their speculative nature and lack of intrinsic value. Many of these tokens have experienced dramatic price declines shortly after his promotion, leading to allegations of market
Tate's endorsements have often focused on Solana-based memecoins, which are known for their speculative nature and lack of intrinsic value. Many of these tokens have experienced dramatic price declines shortly after his promotion, leading to allegations of market
Etherium Moving on Up $2.8K
Ethereum (ETH) is on the way UP to a potential price surge, with analysts closely watching a key technical level. Currently stuck in a sideways trading pattern, a decisive break above $2,800 could ignite the next bullish phase.
This $2,800 zone represents a critical resistance level for Ethereum. Passing it could result in a significant price increase, potentially pushing Ethereum above $3,000. Analysts see a close above $2,800, ideally reaching $3,000, as a strong signal for a bullish run in th
This $2,800 zone represents a critical resistance level for Ethereum. Passing it could result in a significant price increase, potentially pushing Ethereum above $3,000. Analysts see a close above $2,800, ideally reaching $3,000, as a strong signal for a bullish run in th
Robinhood and Revolut will Launch Stablecoins
Robinhood Markets Inc. and Revolut Ltd., two leading fintech companies, are exploring the option of entering the stablecoin market alongside Ripple. Currently, this sector is largely controlled by Tetherās USDT. However, both companies are contemplating the launch of their own stablecoins, as per sources familiar with the talks.
Will Robinhood and Revolut Team Up with Ripple in the Stablecoin Arena?
That said, no definitive choices have been made yet, and the firms might still decide against it
Will Robinhood and Revolut Team Up with Ripple in the Stablecoin Arena?
That said, no definitive choices have been made yet, and the firms might still decide against it
Hamster Kombat coin Minting Loading!
The Open Network (TON) blockchain has taken the initiative to ask its validators to gear up for the influx of millions of users from the Web3 game Hamster Kombat, as they expect a significant rise in system demand.
On September 25, a Telegram channel aimed at TON validators, developers, and integrators alerted them about the anticipated increase in bandwidth requirements for the blockchain.
The announcement requested that TON validators ensure their systems are highly available as users of Ham
On September 25, a Telegram channel aimed at TON validators, developers, and integrators alerted them about the anticipated increase in bandwidth requirements for the blockchain.
The announcement requested that TON validators ensure their systems are highly available as users of Ham
Worldcoin Fined 1.1 Billion Korean Won
The Worldcoin Foundation and Tools for Humanity have been penalized by South Korean authorities for unlawfully collecting and transferring biometric data.
On September 26, the Personal Information Protection Commission announced a fine of 1.1 billion Korean won (approximately $850,000) against Worldcoin and its partner, Tools for Humanity.
The privacy watchdog initiated an investigation into Worldcoin following complaints and media reports suggesting that the project was gathering biometric da
On September 26, the Personal Information Protection Commission announced a fine of 1.1 billion Korean won (approximately $850,000) against Worldcoin and its partner, Tools for Humanity.
The privacy watchdog initiated an investigation into Worldcoin following complaints and media reports suggesting that the project was gathering biometric da
CZ is a free man AGAIN!
Changpeng āCZā Zhao, the founder and former CEO of Binance, was released from a United States federal prison on September 27 after completing a four-month sentence for Anti-Money Laundering (AML) violations, as confirmed by a spokesperson from the United States Federal Bureau of Prisons to Cointelegraph.
In November, CZ admitted guilt to federal charges related to inadequate AML controls at Binance, which is recognized as the largest cryptocurrency exchange by daily trading volume, according to a statement from the US Department of Justice on November 21. Following this, he resigned from his position as CEO of Binance.
With an estimated net worth of around $60 billion, CZ holds the title of the richest individual to have served time in a US prison.
#czprison #CZLegacy #binance4ever
Changpeng āCZā Zhao, the founder and former CEO of Binance, was released from a United States federal prison on September 27 after completing a four-month sentence for Anti-Money Laundering (AML) violations, as confirmed by a spokesperson from the United States Federal Bureau of Prisons to Cointelegraph.
In November, CZ admitted guilt to federal charges related to inadequate AML controls at Binance, which is recognized as the largest cryptocurrency exchange by daily trading volume, according to a statement from the US Department of Justice on November 21. Following this, he resigned from his position as CEO of Binance.
With an estimated net worth of around $60 billion, CZ holds the title of the richest individual to have served time in a US prison.
#czprison #CZLegacy #binance4ever
DODO: A Rising Star in the Crypto Landscape
DODO, a decentralized exchange (DEX) protocol, has been making waves in the crypto market with its innovative features and unique use cases. As the Meme sector continues to gain momentum, DODO's multi-chain one-click token issuance feature and upcoming Meme platform could significantly boost its user base.
Key Product Features and Use Cases
Multi-chain one-click token issuance: This feature allows users to quickly and easily create tokens on multiple blockchains, making it accessible to a wider
Key Product Features and Use Cases
Multi-chain one-click token issuance: This feature allows users to quickly and easily create tokens on multiple blockchains, making it accessible to a wider
Binance Futures Launches New FIDA Trading Option
Binance Futures has expanded its trading options by introducing a new perpetual futures contract for the Solana Name Service token, FIDA. This initiative aims to improve the trading experience for users, offering them a broader selection of choices. Starting today, traders can engage in FIDAUSDT perpetual contract transactions, unlocking new investment opportunities.
What Are the Details of the FIDA Contract?
Trading for the FIDAUSDT perpetual contract begins at 18:30 GMT, allowing users to lev
What Are the Details of the FIDA Contract?
Trading for the FIDAUSDT perpetual contract begins at 18:30 GMT, allowing users to lev
DOGS reach milestone of 17 million users
The TON community believes that the success of the DOGS airdrop might be overshadowed by the upcoming Hamster Kombat and Catizen airdrops scheduled for September. The recently introduced Dogs token has the potential to be the largest token generation event (TGE) in the history of memecoins.š„³
So far, over 17 million users have claimed their Dogs (DOGS) tokens, a memecoin initiative on The Open Network that draws inspiration from Telegram co-founder Pavel Durovās famous dog illustration.
The Do
So far, over 17 million users have claimed their Dogs (DOGS) tokens, a memecoin initiative on The Open Network that draws inspiration from Telegram co-founder Pavel Durovās famous dog illustration.
The Do
Riding the Wave of DOGS Bullish Rally
DOGS has been making waves in the cryptocurrency market, with its recent price surge piquing the interest of investors. This article delves into the factors influencing DOGS' price, recent trends, and potential future movements.
Current Price and Market Dynamics:
As of today, September 9th, DOGS is trading at $0.001093, with a market capitalization of $564.89 million. The coin has experienced a significant price increase of 8.75% in the past 24 hours.
Key Numbers of DOGS:
All-time high: $0.0016
Current Price and Market Dynamics:
As of today, September 9th, DOGS is trading at $0.001093, with a market capitalization of $564.89 million. The coin has experienced a significant price increase of 8.75% in the past 24 hours.
Key Numbers of DOGS:
All-time high: $0.0016
Binance Executive's Bail Hearing Delayed Again
#BinanceSquareCreatorAward
Tigran Gambaryan, a Binance executive detained in Nigeria since February, will have to wait until October 9 for a ruling on his bail application. According to a statement from his family, the latest adjournment comes after a court appearance on September 2, where Gambaryan appeared frail and in need of medical attention.
Gambaryan, who is the head of financial crime compliance at Binance, was initially arrested on charges of tax evasion and money laundering. His family has raised concerns about his deteriorating health while in custody.
Calls for Release:
Given Gambaryan's status as a US citizen and former IRS special agent, many lawmakers and industry leaders have called for his immediate release. A petition launched by his wife has garnered significant support, with over 5,400 signatures.
Other High-Profile Cases:
Gambaryan's case is not isolated. In recent months, several high-profile executives in the tech and crypto industries have faced legal challenges. Pavel Durov, the CEO of Telegram, was arrested in France in August on charges related to money laundering and cryptology services.
Ongoing Investigation:
While tax charges against Gambaryan and another Binance executive, Nadeem Anjarwalla, were dropped in June, the pair still face potential charges related to money laundering. Anjarwalla managed to escape to Kenya but could still face extradition to Nigeria.
#binancenigeria #cryptoregulation
#BinanceSquareCreatorAward
Tigran Gambaryan, a Binance executive detained in Nigeria since February, will have to wait until October 9 for a ruling on his bail application. According to a statement from his family, the latest adjournment comes after a court appearance on September 2, where Gambaryan appeared frail and in need of medical attention.
Gambaryan, who is the head of financial crime compliance at Binance, was initially arrested on charges of tax evasion and money laundering. His family has raised concerns about his deteriorating health while in custody.
Calls for Release:
Given Gambaryan's status as a US citizen and former IRS special agent, many lawmakers and industry leaders have called for his immediate release. A petition launched by his wife has garnered significant support, with over 5,400 signatures.
Other High-Profile Cases:
Gambaryan's case is not isolated. In recent months, several high-profile executives in the tech and crypto industries have faced legal challenges. Pavel Durov, the CEO of Telegram, was arrested in France in August on charges related to money laundering and cryptology services.
Ongoing Investigation:
While tax charges against Gambaryan and another Binance executive, Nadeem Anjarwalla, were dropped in June, the pair still face potential charges related to money laundering. Anjarwalla managed to escape to Kenya but could still face extradition to Nigeria.
#binancenigeria #cryptoregulation
Crypto thief who robbed with a machete in Scotland
#BinanceSquareCreatorAward
A 29-year-old man has been sentenced to community service after being
found guilty of involvement in a cryptocurrency theft in Scotland.
John Ross Rennie was convicted of aiding and abetting a home invasion
in Blantyre, Lanarkshire, during which Bitcoin valued at
approximately Ā£110,000 was stolen.
The incident occurred in March 2020 when Rennie and his accomplices
entered a home and threatened the victim with a machete. They forced
the victim to transfer the Bitcoin
A 29-year-old man has been sentenced to community service after being
found guilty of involvement in a cryptocurrency theft in Scotland.
John Ross Rennie was convicted of aiding and abetting a home invasion
in Blantyre, Lanarkshire, during which Bitcoin valued at
approximately Ā£110,000 was stolen.
The incident occurred in March 2020 when Rennie and his accomplices
entered a home and threatened the victim with a machete. They forced
the victim to transfer the Bitcoin
Is A Massive Bitcoin Sell-off on the Horizon in September?
#BinanceSquareCreatorAward
Bitcoin mining operations are currently facing significant challenges. In August 2024, miners' earnings plummeted to their lowest point in over a year. This sharp drop has raised concerns about a potential wave of Bitcoin sales, which could further destabilize the cryptocurrency market.
Falling Revenues and Rising Costs: The combination of declining rewards and increasing mining difficulty has made it increasingly challenging for miners to maintain profitability. As a result, many miners have been forced to liquidate their Bitcoin holdings to cover costs and stay afloat.
Potential for Mass Sell-Off: The financial strain on miners has led to concerns about a potential mass sell-off of Bitcoin. If a large number of miners were to liquidate their holdings, it could significantly impact the price of Bitcoin, especially given its already weakened state.
Industry-Wide Challenges: The Bitcoin mining industry is facing a multitude of challenges. Miners are exploring alternative revenue streams and innovative technologies to mitigate the impact of declining profitability. However, these solutions are still in their early stages and may not provide immediate relief.
Investor Caution: Given the current market conditions and the potential for increased volatility, investors are advised to exercise caution and closely monitor developments in the Bitcoin mining sector.
What do you think? Are you ready for any scenario?
#BitcoinCrash #FOMOisReal #fud #selloff
#BinanceSquareCreatorAward
Bitcoin mining operations are currently facing significant challenges. In August 2024, miners' earnings plummeted to their lowest point in over a year. This sharp drop has raised concerns about a potential wave of Bitcoin sales, which could further destabilize the cryptocurrency market.
Falling Revenues and Rising Costs: The combination of declining rewards and increasing mining difficulty has made it increasingly challenging for miners to maintain profitability. As a result, many miners have been forced to liquidate their Bitcoin holdings to cover costs and stay afloat.
Potential for Mass Sell-Off: The financial strain on miners has led to concerns about a potential mass sell-off of Bitcoin. If a large number of miners were to liquidate their holdings, it could significantly impact the price of Bitcoin, especially given its already weakened state.
Industry-Wide Challenges: The Bitcoin mining industry is facing a multitude of challenges. Miners are exploring alternative revenue streams and innovative technologies to mitigate the impact of declining profitability. However, these solutions are still in their early stages and may not provide immediate relief.
Investor Caution: Given the current market conditions and the potential for increased volatility, investors are advised to exercise caution and closely monitor developments in the Bitcoin mining sector.
What do you think? Are you ready for any scenario?
#BitcoinCrash #FOMOisReal #fud #selloff
š¤Solo Miner Wins $200K Bitcoin Mining Prize
#BinanceSquareCreatorAward
A solo Bitcoin miner recently hit the jackpot by successfully processing a block on the Bitcoin network. This rare achievement netted them a reward of about $200,000.
While solo mining can be incredibly risky due to the low probability of finding a block, it also offers the potential for massive rewards. The recent winner's success serves as a reminder that even against overwhelming odds, luck can sometimes favor the underdog.
#BitcoinMining #Bitcoinā #miningBTC
#BinanceSquareCreatorAward
A solo Bitcoin miner recently hit the jackpot by successfully processing a block on the Bitcoin network. This rare achievement netted them a reward of about $200,000.
While solo mining can be incredibly risky due to the low probability of finding a block, it also offers the potential for massive rewards. The recent winner's success serves as a reminder that even against overwhelming odds, luck can sometimes favor the underdog.
#BitcoinMining #Bitcoinā #miningBTC
NVIDIA's Role in Blockchain Technology
#BinanceSquareCreatorAward
NVIDIA, a top player in the graphics processing unit (GPU) market, has a notable link to blockchain technology, mainly because its GPUs are essential for cryptocurrency mining. Let's explore how NVIDIA chips relate to blockchain:
1. Cryptocurrency Mining:
GPU Mining: The process of cryptocurrency mining involves validating transactions on a blockchain by solving complexmathematical equations. This task demands considerable computational power, and GPUs excel in this
NVIDIA, a top player in the graphics processing unit (GPU) market, has a notable link to blockchain technology, mainly because its GPUs are essential for cryptocurrency mining. Let's explore how NVIDIA chips relate to blockchain:
1. Cryptocurrency Mining:
GPU Mining: The process of cryptocurrency mining involves validating transactions on a blockchain by solving complexmathematical equations. This task demands considerable computational power, and GPUs excel in this
Will #TelegramCEO be released before end of August?
YES
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NO
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On Christmas Day 2024
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0 votes ā¢ Voting closed
Proof-of-Ink could be New ID Cards
#BinanceSquareCreatorAward
Parity Technologies is set to unveil a groundbreaking Web3 individuality solution, addressing a significant gap in the journey toward mainstream Web3 adoption.
This innovative offering, named Proof-of-Ink, will allow users to assert their digital identity while maintaining privacy, utilizing a distinctive tattoo as a mark of digital citizenship. Scheduled for release in the fourth quarter of 2024, this initiative was announced by Gavin Wood, co-founder of Ethereum, P
Parity Technologies is set to unveil a groundbreaking Web3 individuality solution, addressing a significant gap in the journey toward mainstream Web3 adoption.
This innovative offering, named Proof-of-Ink, will allow users to assert their digital identity while maintaining privacy, utilizing a distinctive tattoo as a mark of digital citizenship. Scheduled for release in the fourth quarter of 2024, this initiative was announced by Gavin Wood, co-founder of Ethereum, P
š£Why and How Bitcoin Mining can Bankrupt You: The Rhodium Downfall Story:
Rhodium Enterprises, a Bitcoin mining company, filed for Chapter 11 bankruptcy in August 2024 due to a combination of factors. Here are some of the key reasons: Ā
šRising Energy Costs: The energy-intensive nature of Bitcoin mining makes it particularly vulnerable to fluctuations in energy prices. Increased energy costs can significantly reduce profitability for mining operations.
šBitcoin Price Volatility: The price of Bitcoin can fluctuate wildly, affecting miners' revenue. If the price of Bitcoin drops significantly, miners' profits can plummet.
āļøDifficulty Adjustment: Bitcoin's difficulty adjusts periodically to maintain a consistent block generation time. As more miners join the network, the difficulty increases, making it more challenging to mine new blocks and earn rewards.
š„Competition: The Bitcoin mining landscape is highly competitive. As more miners enter the market, the competition for rewards intensifies, making it more difficult for individual miners to remain profitable.
š¦Debt and Leverage: Rhodium, like many other mining companies, may have taken on significant debt to finance its operations. If the company's revenue falls short of its debt obligations, it can lead to financial distress.
#miningBTC #BitcoinMiners
Rhodium Enterprises, a Bitcoin mining company, filed for Chapter 11 bankruptcy in August 2024 due to a combination of factors. Here are some of the key reasons: Ā
šRising Energy Costs: The energy-intensive nature of Bitcoin mining makes it particularly vulnerable to fluctuations in energy prices. Increased energy costs can significantly reduce profitability for mining operations.
šBitcoin Price Volatility: The price of Bitcoin can fluctuate wildly, affecting miners' revenue. If the price of Bitcoin drops significantly, miners' profits can plummet.
āļøDifficulty Adjustment: Bitcoin's difficulty adjusts periodically to maintain a consistent block generation time. As more miners join the network, the difficulty increases, making it more challenging to mine new blocks and earn rewards.
š„Competition: The Bitcoin mining landscape is highly competitive. As more miners enter the market, the competition for rewards intensifies, making it more difficult for individual miners to remain profitable.
š¦Debt and Leverage: Rhodium, like many other mining companies, may have taken on significant debt to finance its operations. If the company's revenue falls short of its debt obligations, it can lead to financial distress.
#miningBTC #BitcoinMiners