DYOR

coinfeeds-bot

tldr; Bitcoin crossed below $20,000 for the first time in nearly a week in Asian trading hours on June 29. The weakness followed rangebound behavior near $21,000, this characterizing a market still in tune with moves in global equities. With few bullish cues coming from macro, Bitcoin had little stopping it from revisiting the lower end of a range in place for several weeks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Zain Muhammed Valle, 57, and Michelle Bianca Bezuidenhout, 25, have been charged with fraud and money laundering following their arrest by the Hawks at their residences in Lenasia and Alberton. Valle allegedly introduced the complainant to De Lange as a business acquaintance. The complainant agreed to enter into a partnership in the cryptocurrency business "but the money was used for Liverage Trading company without the complainant's consent", the Hawks said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Investors who purchased a breadbasket of bluechip ICOs about five years ago would have generated an 819% return, even including the current bear market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Not all countries “play nicely” with each other, complicating how central bank digital currencies will interact with other payment systems, said Cecilia Skingsley, first deputy governor at the Swedish central bank. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The independent journalist discusses the ways crypto is changing the world. This article is part of "Future of Work Week." *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The miner had about 30,000 miners in the Montana facility, representing over 75% of the company’s active fleet. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Taiwan's Central Bank Governor Yang Chin-long has said that the central bank is still working on its digital currency and while it's unclear when the scheme could roll out to the public it will push ahead with it. The central bank has been working on a pilot for a government-run digital currency for the past two years, to allow people to use a digital wallet and make payments without using a debit or credit card. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Billionaire investor Mark Cuban believes the crypto bear market won't be over until there's a better focus on applications with utility. He doesn't think the market has hit "cheap" prices yet. He believes mergers between different protocols and blockchains will eventually see the crypto industry consolidate, as "that's what happens in every industry." *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Bitcoin's price has stabilized around $20K for about 10 days now. Bitcoiners see this price as a great thing for their future because they have fundamental confidence in the Bitcoin revolution. With Bitcoin at $20k, Bitcoiners can accumulate more BTC at a discount when you think about ATH at $69K in November 2021. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; US Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed a one rule book approach to regulate all crypto asset trading. The move will help address security concerns and maintain transparency by bypassing the possible gaps that exists within the digital asset sector. This comes after a number of legislative activities introduced over the past months in order to create a clear and thorough digital asset regulatory framework. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The correlation between Bitcoin and the Nasdaq 100 has dropped to a record low of .8% this month, according to a new report by Kaiko. Bitcoin remains mostly uncorrelated to the asset it has been compared with on multiple occasions, gold. However, Bitcoin's correlation with the US dollar has been alternating between 0 and a negative .6%. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Indicator is a weekly podcast produced by NPR. This week, the show looks at the impact of the crypto crash on Black investors. What does the current crypto crash mean for the idea that crypto can be a driver for racial equity and Black wealth? We hear from entrepreneur Samson Williams, law professor Tonya Evans, and Terri Bradford, who researched Black crypto ownership for the Federal Reserve Bank of Kansas City. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

AblePaleontologist0

You want to hold them accountable because people blatantly listened to them without doing their own DYOR? Seems about right.

Clash_My_Clans

You mean *bags full of salt* , every crypto news is laced with hidden agendas, DYOR still applies here especially in crypto, I wonder if satoshi has anything ro say regarding this

TripleReward

totally this. OP is epically failing on DYOR.

coinfeeds-bot

tldr; Banco Santander UK's local unit has said that celebrity-endorsed cryptocurrency scams in the UK are on pace to almost double this year. "Case volumes" jumped 61% in the first quarter from the prior three months, Santander said in a statement on its website. The average value of the scams was £11,872 (RM63,752), up 65% from a year earlier. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; North Korea has lost millions of dollars in funds stolen by hackers, four digital investigators have said, threatening a key source of funding for the sanctions-stricken country and its weapons programmes. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a potent hacking threat and leading to one of the largest cryptocurrency heists on record in March, in which almost $615 million was stolen, the US Treasury said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Digital asset investment products saw record outflows totaling $423 million last week, with institutional investors from Canada representing nearly all of the carnage. The figure is more than double the previous record of $198 million posted in January this year. The sharp offloading of BTC products last week has nearly pushed the year-to-date flows into the negative. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Toddissuch

USDC seems popular; so is DYOR

coinfeeds-bot

tldr; A mov to PoS will also not solve Ethereum’s scaling problems, the report said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Russian lawmakers on Tuesday approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other digital assets, with the central bank citing concerns over financial stability. Unprecedented Western sanctions have hit the heart of Russia's financial system over events in Ukraine. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Audacious Move to Build Handset Would Give Solana a Mobile Payment App *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Snoop Dogg and his son Champ Medici talked about the crypto bear market, NFTs in music, and Elon Musk in an interview with CNBC. Snoop believes the big record labels will inevitably get into Web3 because "all of them" have asked him for advice. "I just feel like this weeded out all of the people that wasn't supposed to be in that space," he said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Nexo co-founder Kosta Trenchev has denied claims that he embezzled funds from a charity to build a “palace the size of a high school.” He said Nexo is fundamentally different from its competitors, which typically take client funds and stake them in yield-generating protocols or make what he considers collateralized loans. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Gelotto is a platform for providing access to games of chance over the internet that uses smart contracts to ensure the fairness and randomness of games in a manner that is visible to participants. Gelotto is built on the Juno blockchain as a CosmWasm (CM) smart contract and as such will utilize cryptocurrency assets available to the Inter-Blockchain Communication Protocol. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Brazil’s largest digital bank, Nubank, has rolled out bitcoin buying capabilities to all its 53.9 million customers. The Warren Buffett-backed fintech had announced the feature in May. Users can buy and sell bitcoin instantly through the “Nubank Crypto” section of the app. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Compass Mining CEO Whitney Gibbs and CFO Jodie Fisher have resigned after allegations that the company failed to pay utility bills at a facility owned by Dynamics Mining. "All you had to [do] was pay $250k for 3 months of power consumption," the company tweeted. "Since you don't give your clients their Serial Numbers I couldn't even help them," it added. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Crypto brokerage firm Coinbase has lost nearly three-quarters of its value this year. Goldman Sachs analyst Will Nance slashed his rating on the company to a rare "sell" on Monday. Nance attributed the downgrade to "the continued downdraft in crypto prices and the resulting fall in industry activity levels." He added that recent layoffs at the company may not mark the end of pink slips either. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Crypto is being used to pay for a variety of TV and content creation purposes. Sling TV allows subscribers to pay their monthly bills using BitPay, which handles digital currencies such as Bitcoin, Dogecoin, or Ethereum. Rewarded TV allows viewers to watch ad-free, subscription-free OTT TV service with crypto. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Blockchain analytics firm Chainalysis found that less than 1% of major DAOs' holders have 90% voting power. The report also cited Solend's attempt to seize a whale’s account to avoid potential insolvency as contradicting the tenets of decentralization. The DeFi category accounts for 83% of DAO treasury value held and 33% of all DAOs by count. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Cryptocurrency exchange Unizen has received $200 million from alternative investment group Global Emerging Markets (GEM) to accelerate development of its trade aggregation system. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; US Securities and Exchange Commission (SEC) Chairman Gary Gensler said that traditional stock markets are less dangerous than the cryptocurrency industry. Bitcoin's market capitalization was reduced by $10 billion as a result of this announcement. The SEC is increasing its control over cryptocurrencies in general and bitcoin in particular as investors become interested in them. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Katie The Russian is the CEO of Plan B Passport and co-host of the “The Bittersweet Podcast.” She explains how jurisdictional arbitrage is a practice of taking advantage of the regulatory differences between legal jurisdictions. Only about 3.6% of people live outside of the country of their origins. Bitcoin lets anyone live and thrive wherever they want, ending government monopoly on our jurisdictions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Central African Republic has launched its first significant crypto initiative dubbed the “Sango project” to attract global crypto businesses and enthusiasts. The project will also create a crypto island – an SEZ in the metaverse. In April, CAR became the second in the world to adopt bitcoin as a legal currency after El Salvador. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Crypto investors around the world were left reeling after the sudden plunge in value across all cryptocurrencies, a $300bn wipe-out that blindsided crypto bros, long considered to be some of the smarted people alive. Despite the recent loses many crypto investors laughed off the notion that the future of bitcoin is in jeopardy, stating that all the straight-down lines on graphs are just another sign that now is the time to buy *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

SHA255

Wait, what? You signed up on [crypto.com](https://crypto.com), used a unique PW presumably (dont assume...), and now are getting MFA pushes to your device for login to your email? That means somebody has your UN/PW to your email. The ONLY way that would be on [crypto.com](https://crypto.com), assuming the worst, is if you used the same PW on both. So your UN/PW is the same on both sites, and any site that has the same UN/PW combination should be presumed compromised as well. And if thats the case go here: [https://haveibeenpwned.com/](https://haveibeenpwned.com/) and buckle up for a day. Also dont click on any of these links from Reddit, please DYOR on this kinda shit and be smart where you go. The haveibeenpwned link is a fairly common site, one of many like it, to determine if your passwords or email addresses have been found in any of the major breaches that regularly occur.

coinfeeds-bot

tldr; *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Brazil’s largest digital bank, Nubank, has rolled out bitcoin buying capabilities to all its 53.9 million customers. The Warren Buffett-backed fintech had announced the feature in May. Users can buy and sell bitcoin instantly through the “Nubank Crypto” section of the app. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Billionaire Sam Bankman-Fried, founder of FTX and the world’s richest person in crypto, is worried that more crypto exchanges will fail. "There are companies that are basically too far gone and it's not practical to backstop them for reasons like a substantial hole in the balance sheet, regulatory issues, or that there is not much of a business left to be saved," he said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; HiFi Bitcoin is adding a paid subscriber tier, with a discount for early signups, starting at $5 a month or $50 per year when you enroll during the next two weeks. Free subscribers will retain all of the benefits enjoyed by free subscribers, and will gain exclusive access to the Bitcoin Glossary and to my guest appearances on external podcasts. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The publicly listed firm has transitioned its treasury to cash amid increased market volatility, but it hasn’t ruled out reinvesting in cryptocurrencies when the market settles down. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The company appointed Chief Technology Officer Paul Gosker and Chief Mining Officer Thomas Heller as interim Co-Presidents and CEOs *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; HiFi Bitcoin is adding a paid subscriber tier, with a discount for early signups, starting at $5 a month or $50 per year when you enroll during the next two weeks. Free subscribers will retain all of the benefits enjoyed by free subscribers, and will gain exclusive access to the Bitcoin Glossary and to my guest appearances on external podcasts. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; 3AC borrowed recklessly from just about every institutional lender in the business, FSInsight’s report said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

SlyckCypherX

The regulations USA and others implement will actually help crypto if properly implemented. Institutions, retail investors big and small will bring in more and more dollars. The projects that survive the bear AND have a great community should explode even higher than before in the coming years. DYOR

coinfeeds-bot

tldr; 3AC borrowed recklessly from just about every institutional lender in the business, FSInsight’s report said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Hackers stole around $100 million (€95 million) worth of cryptocurrency from Horizon, a blockchain bridge developed by US crypto start-up Harmony. The company said the heist hit its Horizon "bridge," a tool for transferring crypto between different blockchains. Over $1 billion (€950 million) has been stolen from bridges so far in 2022, according to Elliptic. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Two 21-year-old men have been arrested and charged with planning a robbery of bitcoins worth millions of dollars in the middle of the night in a New York home. Dominic Pineda and Shon Morgan were charged with conspiracy to commit Hobbs Act robbery in violation of 18 U.S.C. 1951, which carries a maximum term of 20 years in prison. The pair had planned to break into a family's home and force its residents to reveal the code to the private key of the wallet. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

AlgoApe

You're only now DYOR?

coinfeeds-bot

tldr; Huobi will reportedly lay off at least 30% of its staff. The reason is touted to be "the sharp drop in revenue after the removal of all Chinese users." Huobi joins the list of cryptocurrency companies that will be reducing their headcount amid the ongoing downturn. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Cardano developers have released the Cardano node 1.35.0.0, which marks an important milestone on the path to Vasil hard fork. The developers are now in the process of preparing the release of the ADA testnet. The testnet update proposal shall be due and will come through when 75% of all stake pool operators have agreed on it. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; With Bitcoin hitting new all-time highs and major news breaking almost every day, it seemed like a good time to look at some of the biggest myths and misconceptions people tend to have about the world’s first cryptocurrency. While some people buy Bitcoin as a speculative investment seeking big returns, that doesn’t mean that Bitcoin itself is a bubble. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Global hacktivist collective Anonymous is promising to hold Terra (LUNA) co-founder Do Kwon accountable for the collapse of Terra's stablecoin ecosystem. In a video, Anonymous says it will bring Kwon to justice at the earliest opportunity. Kwon may have committed more crimes in the past than what is publicly known, according to Anonymous. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; CoinFlex is raising funds to fund a new token called Recovery Value USD (rvUSD) to raise $47 million. The total owed is nearly 5 times the total value of the BCH locked for use in the smartBCH blockchain. If CoinFlex can’t raise the funds they need, they will be unable to fulfill customer funds. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The partnership marks the first time for a community bank to custody reserves for a stablecoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Software systems live and die by their underlying data structures. Good data structures are a force multiplier giving 100x gains in output. Poor data structures will doom your company. Traditional finance is a weak technology, with little or nothing to offer in the way of data structures for digital finance. Refactoring the legacy system is too labor intensive. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

FlyingDutchmantoMoon

Blindfolded leap of faith? DYOR is more than just a meme

coinfeeds-bot

tldr; Snoop Dogg believes that NFTs have a "great opportunity" to be big in music. "They're going to have to come on home and sit at the table and understand that catalogs and things they hold onto are better served on the blockchain than sitting in the catalog collecting cobwebs," Snoop said. Snoop's son added, "Everybody's rushing to Web3 and they see how big Dogg is in the space." *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Bitcoin bounced upwards on Friday after hitting a low of $20.6K on June 28. The price of BTC/USD is now around $21,000 on Bitstamp, refusing to commit to a firm trend. The 200-week moving average near $22,400 could be the next target for an attack on important levels. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Compass Mining has been shut down for failing to pay $1.2 million in power consumption charges. The facility is located in Maine, a state with the highest electricity costs in North America. The company's Discord server has also been decommissioned following the news. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

CognizantSynapsid

>You made a very bold, false and unfounded claim about Tether. Where’s your proof? You can’t just make claims like that against Tether, which many consider the backbone of cryptocurrency as so many pairs are tied to it. Not false or unfounded. A simple google search or even just a few weeks in the sub would give you more than enough information to be concerned about Tether. Again, concern =/= belief that it will absolutely implode, just noting that it is something to limit exposure to as much as possible. Here are the first 3 articles that came up on a very quick search to illustrate my point ([1](https://m.investing.com/news/cryptocurrency-news/is-tether-a-ticking-time-bomb-2495692), [2](https://medium.com/geekculture/usd-tether-the-largest-ticking-time-bomb-in-modern-financial-history-fabdac79238a), [3](https://seekingalpha.com/article/4459051-tether-a-nearly-70-billion-dollar-time-bomb)). As always, feel free to DYOR and disagree. Your remark about Tether being the backbone of crypto only supports the ticking timebomb argument once you see that backbone is crooked and decrepit. >I just don’t understand why you’d be “DCAing” yet spreading anti-crypto bs that could potentially contribute towards bringing down the value of your own investments. My ego is not so self-inflated that I believe any comments I make on Reddit create market movements. Again, educated and thoughtful discussion should not be an echo chamber and should be nuanced. Nuance and differing opinions are not “anti-crypto bs” lol; however, that type of thinking is supported by apes who screech FUD at any dissenting opinion. Not sure what your deal is but I’ve dedicated enough energy to this for the day.

coinfeeds-bot

tldr; Actor Keanu Reeves is advising Non-Fungible Labs on how to make NFTs more “inclusive.” NFT stands for “non-fungible token,” which are essentially digital receipts, claiming digital ownership over images and GIFs. NFT sales are plummeting, especially in the wake of the crypto crash, and celebrities are deleting their NFT profile pics. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Swiss luxury watchmaker Breitling has entered into a partnership with BitPay to allow customers to purchase its wristwatches and straps using crypto. Customers can use Bitcoin, Bitcoin Cash, DogeCoin, LTC, and other cryptocurrencies to pay for the watches on the brand’s website. The watchmaker is not the first to allow crypto purchases. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Vitalik Buterin called EOS “Ethereum On Steroids” in a recent tweet. He said the name reflects the lessons the core team learned from ETH's “amateurish naivety and idealism” to deliver a platform with superior scalability and speed. EOS is down 96% from its all-time high of $22.71. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Ennys is the first NFT award show dedicated to spotlighting the stories behind the degens that make the NFT space so great. The winner of each Enny category will receive $5,000 in Unstoppable Domains credits, a custom NFT made by Amber Vittoria, a NFT from DeadHeads, and NFT Trooper from Deadhead Entertainment. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US dollar and the Japanese Yen (USD/JPY), then the US and Pound Sterling (GBP/USD). The exchange of currencies can be done over a physical counter, such as at a Bureau de Change *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Swiss luxury watchmaker Breitling is the latest luxury brand to accept bitcoin as a payment option. The Swiss watchmaker has added BitPay’s cryptocurrency payments service to its website, allowing customers to choose BTC on checkout. TAG Heuer and Hublot have recently made similar announcements. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Fetch.ai has released DabbaFlow, an end-to-end encrypted data sharing platform accessible to businesses and individuals. The product uses multiple layers of encryption while maintaining high levels of performance. Users will still retain complete data control even amid the autonomy. It is the first of the planned series of products that will be part of CoLearn. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Activist, thinker, historian and linguist Noam Chomsky has written a book titled 'Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power'. In the book, Chomsky argues that the elite and powerful minority, who thinks of their own interests, confines the American society to a wealth cycle with axioms that seem like idealistic principles. The cycle manifests in 10 different ways, according to Chomsky. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

CointestAdmin

#Regulation Pro-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Regulation Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Regulation - Pro Arguments (Part 1/2) > > - *Disclaimer: reusing my previous argument [from here](https://np.reddit.com/r/CryptoCurrency/comments/pfoogx/rcc_cointest_general_concepts_regulation/hevkdyv/)* > - While I wrote an [entry for the Con Thread](https://np.reddit.com/r/CointestOfficial/comments/r6w0hm/general_concepts_round_regulation_conarguments/hofamky/) outlining some negative aspects of crypto regulation, I'm not fundamentally opposed to crypto regulation. > > - In fact, I think *commonsense*, *impartial* government oversight can be beneficial > > - I want to live in a society where regulation protects citizens from exploitation, pollution, unsafe products, surveillance etc. > > - I think the answer for crypto falls somewhere between the '[do nothing](https://www.cnbc.com/2021/09/28/tesla-ceo-elon-musk-says-us-government-should-avoid-regulating-crypto.html)' approach and the '[omg it's super dangerous regulate it into the ground](https://www.warren.senate.gov/newsroom/press-releases/at-hearing-warren-delivers-remarks-on-digital-currency)' opinion. Regulation does not need to be [the 'death' of crypto](https://www.cnbc.com/2021/09/15/ray-dalio-says-if-bitcoin-is-really-successful-regulators-will-kill-it.html) but rather some growing pains on the road to mass adoption. > > - **TLDR**: > > - Like Brian Brooks (former Acting Comptroller of the Currency, Coinbase General Counsel and Binance US CEO), I agree that the most beneficial regulation would focus on enforcing "[rules for compensating losses and instituting cybersecurity standards](https://decrypt.co/81020/brian-brooks-not-everything-crypto-needs-be-regulated)." > - I hope to see more regulation aimed at protecting consumers from fraud and manipulation, like the [recently proposed U.S. Virtual Currency Market and Regulatory Competitiveness Act and the Virtual Currency Consumer Protection Act](https://soto.house.gov/media/press-releases/soto-introduces-bipartisan-bills-encourage-consumer-protection-and-regulatory). Or the [EU's recently proposed legislation](https://www.consilium.europa.eu\/media/53105/st14067-en21.pdf), as discussed by /u\/BelgianPolitics [here](https://np.reddit.com/r/CryptoCurrency/comments/r218s7/the_most_important_piece_of_regulation_on/). > - For a deeper dive, [Coinbase](https://assets.ctfassets.net/c5bd0wqjc7v0/7FhSemtQvq4P4yS7sJCKMj/a98939d651d7ee24a56a897e2d37ef30/coinbase-digital-asset-policy-proposal.pdf) and [Andreessen Horowitz](https://a16z.com/wp-content/uploads/2021/10/How-to-Win-the-Future-1.pdf) put out frameworks for regulation that expand on these points. > > > ##Protect the little guy > > - It's no secret that crypto has long been been plagued by scams > > - Between October 2020 - March 2021, [FTC data showed that crypto scams spiked](https://www.ftc.gov/news-events/press-releases/2021/05/ftc-data-shows-huge-spike-cryptocurrency-investment-scams) 10x in terms of value lost and 12x in terms of complaints received, vs the same period the previous year. Consumers lost $80M in crypto investment scams, with a median reported loss of $1,900. > > - Another study reported at least [355 instances of cryptocurrency scams over a period of 7 months](https://ifrogs.org/PDF/marketMicrostructure_2020/Dhawan_Putnins_2020.pdf). > > - "[99% of major fraud volume in the second half of 2020 stemmed from ‘rug pulls’ and other exit scams in a pattern eerily reminiscent of the 2017 ICO craze](https://decrypt.co/55787/defi-rug-pulls-were-cryptos-top-fraud-scheme-in-2020-ciphertrace)”. > > - But investors should be smart, DYOR and not FOMO - isn't it your own fault if you YOLO'd into dickbutt.finance and got rugpulled? Why should the government step in? > > - Sure. But there's also a lot of unregulated manipulation in the space that gives exposure and legitimacy to scams. > > - Celebrities and influencers have been [getting paid to promote shitcoins](https://markets.businessinsider.com/news/currencies/kim-kardashian-crypto-ethereum-max-cryptocurrency-regulator-fca-scam-risks-2021-9) since [the 2017 ICO craze](https://www.theverge.com/tldr/2018/7/22/17510130/cryptocurrencies-celebrities-scam-paris-hilton-steven-seagal-akon-mayweather\)): > > >"These posts may have been the first time their millions of followers heard of an ICO. Floyd Mayweather ... told his more than thirteen million followers on Facebook that they should buy “Centra token.” ([Camila Russo, *The infinite machine: how an army of crypto-hackers is building the next internet with Ethereum*](https://www.google.com/books/edition/The_Infinite_Machine/raysDwAAQBAJ?hl=en&gbpv=1&dq=Camila+Russo.+%E2%80%9CThe+Infinite+Machine.%E2%80%9D&printsec=frontcover)) > > - Centra token did not end well, with the founder getting [8 years in jail for fraud](https://www.coindesk.com/markets/2021/03/05/centra-tech-co-founder-gets-8-years-for-crypto-fraud/). Meanwhile Mayweather continues to profit off of scams like [EthereumMax, which Kim Kardashian also promoted](https://www.cnbc.com/2021/06/15/kim-kardashian-west-charli-damelio-jake-paul-posting-paid-crypto-ads.html). > > - Legacy financial markets have[ oversight from regulators](https://en.wikipedia.org/wiki/Federal_Trade_Commission#Bureau_of_Consumer_Protection) to protect investors from ponzi schemes and pump and dump manipulation. > > - But the burden often falls on consumers to [report such scams to the SEC](https://www.investing.com/news/cryptocurrency-news/kim-kardashian-has-been-reported-to-the-sec-for-profiting-from-the-ethereummax-scam-2615451) or FTC. > > - When regulators and politicians *do* mention consumer protection and 'people getting hurt' in crypto markets, it's usually through [the lens of volatility](https://fortune.com/2021/09/27/sec-chair-gary-gensler-crypto-spac-regulations). But when it comes to manipulation and scams, regulators pass responsibility onto the little guy rather than enforce systemic oversight of market manipulation: > > - The SEC for example [made a fake ICO landing page](https://www.howeycoins.com/index.html) aimed at educating investors. Thanks guys, all in HoweyCoin. > > - Meanwhile, "*there is virtually no action from regulators or law enforcement agencies to counter these cryptocurrency pump-and-dump schemes* ... *the only regulatory recognition of these schemes is a notice from the US Commodities and Futures Trading Commission (CFTC) [(link)](https://www.cftc.gov/sites/default/files/idc/groups/public/@customerprotection/documents/file/customeradvisory_pumpdump0218.pdf) advising the public to be wary of pump-and-dump manipulation on cryptocurrency exchanges and announcing a reward for whistleblowers who report manipulators.*" [(source)](https://ifrogs.org/PDF/marketMicrostructure_2020/Dhawan_Putnins_2020.pdf) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6vv9u\/general_concepts_round_regulation_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_government_regulation) to find arguments on this topic in other rounds.

coinfeeds-bot

tldr; Moroccan Central Bank Governor Abdellatif Jouahri has said that a framework law for the regulation of cryptocurrencies is now being drafted by the Moroccan central bank. He added that his agency has been in contact with the IMF and World Bank on the standards that would be used. He also said that the adoption of cryptocurrencies by Moroccans should not take place until there is a legal framework in place. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Players in the No Man’s Sky Galactic Hub have created their own cryptocurrency called Hub Coin. Unlike other cryptocurrencies, these players hope Hub Coin remains worthless. It's a cryptocurrency, but not one that can be used to buy goods and services in the real world. The Galactic Hub was created in response to the lack of cooperative play features in the game. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; We brought some very interesting speakers to Consensus 2022 earlier this month, and while I believe the plan is to publish the full videos in the near future, I’ve always found it easier to pick information up by reading it than by watching or listening to it. This week, I’m continuing my exploration into transcripts with snippets from two conversations held at Consensus: fireside chats with Deputy Treasury Secretary Adewale Adeyemo and Ripple CEO Brad Garlinghouse. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Solana (SOL) continued its recovery trend on June 28 while inching closer to triggering a classic bullish reversal setup. SOL's price gained 2.42%, reaching an intraday high of $39.40/USD. The pair is now up 50% as a part of a broader retracement move that began on June 14. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Cardano's much-anticipated Vasil hard fork has been postponed while engineers work to fix several bugs. The upgrade is designed to deliver upgrades to network capacity and Cardano’s smart contract programming language Plutus, which enables Cardano decentralised application (dApp) development. IOG and the Cardano Foundation have agreed a new target date to hard fork the testnet at the end of June. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Crypto exchange FTX has denied media speculation that it is looking to acquire Robinhood. The statement was made after a Bloomberg News report claimed the U.S.-based company was in discussions with Robinhood but had yet to make an offer. Robinhood has struggled to maintain a decent form since it peaked in popularity in 2021 *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Speculative investor behavior likely led to memecoins outperforming major cryptocurrencies, analysts said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Celsius has denied reports that its CEO Alex Mashinsky tried to flee the US last week amid the ongoing liquidity crisis of the Celsius Network. A spokesperson for Celsius said that the company continues working on restoring liquidity alongside Mashinsky, who currently stays in the US. The company is reportedly onboarding advisers and restructuring consultants to help the platform handle potential filing for bankruptcy. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; US Securities and Exchange Commission Chairman Gary Gensler has said that Bitcoin is a commodity, but he won't comment on any other crypto assets. He added that many other "crypto financial assets have the key attributes of a security" like Bitcoin. He also said that many tokens are "potentially noncompliant" and that there's a lot of work to be done to protect the public. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

kirtash93

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coinfeeds-bot

tldr; KPMG, one of the Big Four accounting firms in Canada and the US, has revealed the opening of its first metaverse collaboration hub to help its employees and clients pursue growth opportunities in the digital era. The company is making a collective $30 million investment this year in Web3 experiences, with the metaverse hub as the "signature piece". The hub will be focused on education, collaboration, training, events and workshops. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Changpeng Zhao, CEO of Binance, the world's largest cryptocurrency exchange, said the current cryptocurrency market meltdown is similar to when the dotcom bubble burst in 2000. "Blockchain is a proven technology. Some cryptos may drop in price, some projects may fail but the technology will stay," he added. Binance has been strengthening its ties in the Middle East and Europe. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Hardware wallet maker Ledger has added decentralized finance (DeFi) lending and borrowing to its Ledger Live app for the first time. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The best coins to invest in in 2022 are Bitcoin (BTC), ETH (ETH), Cardano (ADA), Ripple (XRP), Algorand (ALGO), ThorChain (RUNE) an