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New York AG calls for whistleblowers ‘deceived or affected’ by the crypto market crash
New York Attorney General Letitia James has opened the doors for investors who may have witnessed misconduct at a crypto firm amid the extreme market volatility to file a complaint as a whistleblower. In a Monday notice, James called on New York-based crypto users who have been locked out of accounts at exchanges or lending platforms, unable to access funds, or “deceived about their cryptocurrency investments” to contact the Office of the Attorney General. As a whistleblower, an individual filing a complaint with authorities could be kept anonymous — the New York Attorney General’s website already includes the option to submit relevant documents and information through a Tor Browser. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” said...
Atlanta’s Music Midtown Festival Canceled After Court Ruling Made It Illegal to Keep Guns Out of Event
The long-running Music Midtown festival at Piedmont Park in Atlanta, scheduled for Sept. 17-18 with headliners My Chemical Romance, Future, Jack White and Fallout Boy, has been called off, according to a statement issued by festival organizers. The likely cause, industry sources tell Billboard, are recent changes to Georgia gun laws that prevent the festival from banning guns on to the publicly owned festival grounds. “Hey Midtown fans — due to circumstances beyond our control, Music Midtown will no longer be taking place this year,” a statement posted on Music Midtown’s website reads. “We were looking forward to reuniting in September and hope we can all get back to enjoying the festival together again soon.” While owner Live Nation didn’t provide any additional details for the ...
Travis Scott Bringing ‘Road to Utopia’ Residency to Zouk Nightclub in Las Vegas
Travis Scott will return to the stage Sept. 17 with the first of seven appearances at Zouk Nightclub inside Resorts World Las Vegas. Described by representatives as a multi-year partnership, an additional date of Oct. 15 is also on sale. A statement from Resorts World describes “Road to Utopia” as a “mind-bending, first-of-its-kind nightclub residency experience,” taking advantage of the venue’s technological prowess. The lighting system, known as Mothership, produces a kaleidoscope of visuals as it moves to the music, floating above the dance floor. Advanced sound from an L-Acoustics-driven system powers the audio. The experience changes nightly to meet the headlining artist’s specifications. “Travis plans to utilize all of this to his advantage,” says Ronn Nicolli, chief marketing office...
DeFi Project ChangeX launches its CHANGE token on Uniswap, HydraDEX to strong investor interest
Sofia, Bulgaria, 1st August, 2022, Chainwire DeFi project ChangeX has successfully launched its CHANGE token for trading on HydraDEX and Uniswap to strong investor interest, company officials said. The app supports several trading pairs in order to offer a broader range of possibilities to investors, BTC and ETH cross-chain swaps included. The CHANGE token launch comes after ChangeX successfully completed their ICO, defying bear market sentiment. The ICO resulted in close to $2M proceeds which will fund the company’s operations for at least 24 months, providing a solid financial starting point despite gloomy market conditions. CHANGE was introduced to the app on July 19 together with in-app staking and compounding of rewards, paid out in CHANGE. The staking APR on release day was in the 50...
Sony Lowers PlayStation 5 Game Sales Profit Projections by 16% For 2022
Sony has significantly readjusted its profit projections for its PlayStation 5 games sales across 2022, posting a 16% reduction in its latest quarterly financial report. Citing “an expected decrease in sales of first-party titles” and the expenditure attributed to its recent acquisition of Bungie, the Japanese gaming giant revised its profit forecast down from $2.3 billion USD back in May last year to now $1.9 billion USD for the year of 2022. Overall, the company sold just 47.1 million titles over the quarter with 6.4 million of those being first-party games, a significant decline compared to the same period last year which saw 63.6 million games sold, 10.5 million of which were first-party. As for PS5 console sales, the company hasn’t adjusted its forecast just yet, but Sony has only shi...
Honduras attracts crypto investor tourists with Bitcoin Valley
A small tourist town in Honduras has begun accepting Bitcoin payments as part of the “Bitcoin Valley” initiative designed to increase tourism revenue across 60 local businesses. Some locals of Santa Lucia, like shopping mall owner Cesar Andino, expect the initiative to open up more opportunities for shops in the area and “attract more people who want to use this currency,” according to a report from Honduran news outlet La Prensa. Andino added: “Accepting Bitcoin will allow us to open another market and win more customers. We have to globalize. We cannot close ourselves off from technology, and we cannot be left behind when other countries are already doing it.” The program started on July 28, allowing patrons of local area shops to pay with United States dollars, Honduran Lempira, or Bitc...
Israel puts the brakes on cash to spur digital payments
Authorities in Israel on Monday has in put in place further restrictions on cash payments as a means to combat illegal activity and spur digital payments in the country. Since January 2019, Israeli businesses and consumers have been subject to limits on cash payments under the Law for the Reduction in the Use of Cash. It’s aimed at shifting the country’s citizens and businesses toward digital payments, allowing authorities to more easily track tax evasion, black market activity, and money laundering. From August 1, the limits on cash payments have been tightened to 6,000 Israeli Shekel (NIS), equivalent to $1,760 United States dollars (USD) for business transactions and NIS 15,000 ($4,400 USD) in personal transactions. Further restrictions are expected to follow in the future, prohib...
Facebook’s metaverse will ‘misfire,’ says Vitalik Buterin
Ethereum co-founder Vitalik Buterin doesn’t believe that any of the existing attempts by corporations to create a Metaverse are “going anywhere,” pointing to Meta as being one he believes will “misfire.” Responding to a tweet from Dialectic co-founder Dean Eigenmann, who believes venture capitalists may be wrong about what constitutes an ideal metaverse, Buterin said that while he believes “The metaverse is going to happen,” he doesn’t think any of the current attempts from corporates such as Mark Zuckerberg’s Meta are “going anywhere.” The “metaverse” is going to happen but I don’t think any of the existing corporate attempts to intentionally create the metaverse are going anywhere. https://t.co/tVUfq4CWmP — vitalik.eth (@VitalikButerin) July 30, 2022 The Metaverse...
Best monthly gains since October 2021 — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week and a new month on a cautiously positive footing after protecting crucial levels. After an intense July in which macro factors provided significant volatility, BTC price action managed to provide both a weekly and monthly candle favoring the bulls. The road to some form of recovery continues, and at some points in recent weeks, it seemed like Bitcoin would suffer even harder on the back of June’s 40% losses. Now, however, there is already a sense of optimism among analysts, but one thing remains clear — this “bear market rally” does not mean the end of the tunnel yet. As Summer 2022 enters its final month, Cointelegraph takes a look at the potential market triggers at play for Bitcoin as it lingers near its highest levels since mid-June. Spot price snatches ...
Mark Vaughan to Lead Live Nation’s Promoter Team For Australia and NZ
Mark Vaughan lands at Live Nation, where he leads the promoter team for Australia and New Zealand as vice president – talent and artist development. With effect from Monday (Aug. 1), Vaughan works alongside LN’s existing promoter team to continue to “best serve artists as they hit the road,” reads a statement welcoming the new recruit. The Australian concerts veteran has spent much of his career in Europe, where he served as partner/promoter at Norway’s All Things Live, said to be the largest independent concert promoter in the Nordics. At the Oslo-based live music specialist, he worked with such artists as Rammstein, Justin Bieber, Twenty-One Pilots, Kendrick Lamar, Green Day, Shawn Mendes, Lorde and others. “For a long time I have been closely following the live market in Australia and N...
Top 5 cryptocurrencies to watch this week: BTC, BNB, UNI, FIL, THETA
Bitcoin (BTC) has made a strong comeback in the month of July and is on track for its best monthly gains since October 2021. The sharp recovery in Bitcoin and several altcoins pushed the Crypto Fear and Greed Index to 42/100 on July 30, its highest level since April 6. Investors seem to be making the most of the depressed levels in Bitcoin. Data from on-chain analytics firm Glassnode shows that Bitcoin in exchange wallets has dropped to 2.4 million Bitcoin in July, down from the March 2020 levels of 3.15 million Bitcoin. This has sent the metric to its lowest level since July 2018. Crypto market data daily view. Source: Coin360 Bloomberg Intelligence senior commodity strategist Mike McGlone highlighted that the United States Federal Reserve’s indication to consider rate hikes on a “meeting...
Pro traders may use this ‘risk averse’ Ethereum options strategy to play the Merge
Ether (ETH) is reaching a make-it or break-it point as the network moves away from proof-of-work (PoW) mining. Unfortunately, many novice traders tend to miss the mark when creating strategies to maximize gains on potential positive developments. For example, buying ETH derivatives contracts is a cheap and easy mechanism to maximize gains. The perpetual futures are often used to leverage positions, and one can easily increase profits five-fold. So why not use inverse swaps? The main reason is the threat of forced liquidation. If the price of ETH drops 19% from the entry point, the leveraged buyer loses the entire investment. The main problem is Ether’s volatility and its strong price fluctuations. For example, since July 2021, ETH price crashed 19% from its starting point within 20 d...
