Published in BLOCK6·PinnedStay away from Cryptogurus on Instagram and all social mediaThis week I was with an entrepreneur in the Cryptocurrencies industry and together we were talking about how social media manipulates reality. We agreed that social media has become a shabby and fake place where people want to show and appear. …Crypto4 min readCrypto4 min read
Published in Coinmonks·3 days agoThe NFT market 101 and its potentialThe NFT market has exploded in 2021, even if not everyone knows that they have already existed since 2014. In fact 9 years ago the artist Nili Lerner announced her NILIcoins, issued in a limited addition on the Bitcoin 2.0 protocol and created as art with the possibility to gain…Nft3 min readNft3 min read
Published in Coinmonks·4 days agoNew partnership between Strike and Clover to integrate the Bitcoin Lightning NetworkStrike has partnered with retail payment provider Clover to integrate the Bitcoin Lightning Network. The announcement was made on Twitter by Jack Mallers, founder and CEO of Strike, an application that allows anyone to send Bitcoin and money instantly, with no fees. Jack also founded…Bitcoin2 min readBitcoin2 min read
Published in Coinmonks·Jan 25President Nayib Bukele… he who laughs last laughs bestYesterday El Salvador just repaid $800 million bond, according to the Finance Minister Alejandro Zelaya of the little Central american country. The operation was successfully completed despite “the disinformation campaign of some national and international media”, announced the Finance Minister. El Salvador was…Bitcoin3 min readBitcoin3 min read
Published in Coinmonks·Jan 22Are SWIFT payments really banned by crypto exchanges?In the last few hours, news has been circulating according to which crypto exchanges no longer accept SWIFT payments. Well, this news is fake. Yesterday, Binance sent an email to its customers who have USD accounts to warn them that SWIFT transfers of less than $100,000 will no longer available…Bitcoin3 min readBitcoin3 min read
Published in Coinmonks·Jan 13BitConnect Victims Receive Over $17 Million in RefundsYesterday, the US Department of Justice released an official statement saying that a federal district court in San Diego has ordered the distribution of more than $17 million in compensation to about 800 victims of the BitConnect Ponzi scheme. The main american promoter of BitConnect, Glenn Arcaro, pleaded guilty in…Bitcoin3 min readBitcoin3 min read
Published in Coinmonks·Jan 11The new feature Twitter Coins could arrive on TwitterAccording to a screenshot posted yesterday on the social network, Twitter is working on a new feature, called Coins. It would be a system to reward creators by giving them coins which can then be withdrawn in fiat currency, therefore they are not cryptocurrencies. Coins…Twitter2 min readTwitter2 min read
Published in Coinmonks·Jan 7FTX squandered its users’ money on travels, food and fancy hotelsYesterday Business Insider revealed that FTX spent nearly $40 million on hotels, food and travels in just nine months, according to the the data contained in some documents presented to the Delaware bankruptcy court. In particular, those documents show that from January to September 2022 the company spent 15.4 million…Bitcoin3 min readBitcoin3 min read
Published in Coinmonks·Jan 6He gambled with users’ money, the founder of CluCoin confessesThis man is called DNP3, Twitch streamer and founder of some crypto projects, and he collected money from those who invest in his cryptocurrencies and NFTs. He has just admitted that the investors’ money has been gambled away at online casinos. …Bitcoin3 min readBitcoin3 min read
Published in Coinmonks·Jan 5Coinbase pays $100 million for anti-money laundering violations and Celsius keeps users’ moneyCoinbase has reached a settlement with the New York authorities. The cryptocurrency exchange platform to pay a $50 million fine for violating anti-money laundering rules after allowing its customers to open accounts without sufficient controls. Coinbase also pledges to invest $50 million to strengthen its compliance program, which aims to…Bitcoin2 min readBitcoin2 min read