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Elite Crypto News (Page 213)

Co-Founder of Russia’s Largest Crypto Pyramid Finiko Arrested in UAE

2022-11-19
By: Elite Crypto News
On: November 19, 2022
In: General

One of the founders of Russia’s most notorious Ponzi scheme in recent times, Finiko, is in detention in the United Arab Emirates, according to a Russian media report. The close associate of the crypto pyramid’s mastermind left the Russian Federation as the scam collapsed last summer. UAE Authorities Review RussianContinue Reading

Fiat Currencies Around The World Face The Same Fate As The FTX Fiasco

2022-11-19
By: Elite Crypto News
On: November 19, 2022
In: General

Dylan LeClair and Mark Moss break down the FTX implosion, the current GBTC discount and how the global macro environment will affect the bitcoin price. This is a recording of a recent Twitter Spaces with the Bitcoin Magazine Pro team and Mark Moss to break down the FTX implosion andContinue Reading

The FTX Failure Shows Why I Hate Trading And Investing

2022-11-19
By: Elite Crypto News
On: November 19, 2022
In: General

Trading risky assets on centralized exchanges is the opposite of the saving Bitcoin incentivizes. This is an opinion editorial by Mark Maraia, an entrepreneur, author of “Rainmaking Made Simple” and a Bitcoiner. I find it tragic to note the number of people in the U.S.A. who are being forced byContinue Reading

The State Will Stifle Innovation, Unless We Opt Out With Bitcoin

2022-11-19
By: Elite Crypto News
On: November 19, 2022
In: General

As governments around the world prepare for central bank digital currencies, it is imperative that we use bitcoin to solve challenges of the 21st century. This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Izabella Kaminska, editorContinue Reading

The Challenges Of Bitcoin Adoption Aren’t Stopping Salvadorans

2022-11-19
By: Elite Crypto News
On: November 19, 2022
In: General

Citizens of El Salvador still face certain obstacles in their bitcoin adoption journey, but still look forward to the future. This is an opinion editorial by Rikki, Bitcoin explorer, author and co-host of the “Bitcoin Italia,” and “Stupefatti” podcasts. All images included in this article are sourced from the author.Continue Reading

El Salvador To Buy One Bitcoin Every Day: President Bukele

2022-11-19
By: Elite Crypto News
On: November 19, 2022
In: General

El Salvador President Nayib Bukele yesterday announced the country would begin purchasing one bitcoin every day, starting today. Nayib Bukele, President of El Salvador, announced late last night that the country would be purchasing one bitcoin every day starting today. The move to dollar-cost-average (DCA) into bitcoin is common inContinue Reading

FTX Exchange Release Day One Bankruptcy Filing: “Complete Failure”

2022-11-19
By: Elite Crypto News
On: November 19, 2022
In: General

The newly appointed CEO of FTX provides initial bankruptcy filing calling previous management a “complete failure” and details misuse of corporate funds. FTX Exchange, following the collapse of its business, has filed its first day declaration in bankruptcy court citing a “complete failure of corporate controls,” per a court filing.Continue Reading

Blockstream Launches BOL2: Community For Bitcoin Development

2022-11-19
By: Elite Crypto News
On: November 19, 2022
In: General

Along with other bitcoin companies, Blockstream is spearheading a developer community to further Lightning and layer-2 development. Blockstream, a company focused on scaling bitcoin, is launching a platform to connect developers, entrepreneurs, and Bitcoiners from around the world to build on Core Lightning and the Liquid Network, per a releaseContinue Reading

Bitcoin Songsheet: How Fiat Money Ruins Civilization

2022-11-19
By: Elite Crypto News
On: November 19, 2022
In: General

Fiat money leads to a degradation of incentives, creating a society motivated only by the consumption of resources and zero value production. This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience. We want nice things. We wantContinue Reading

Scarce City Launches Bitcoin ECommerce Platform SatsCrap

2022-11-19
By: Elite Crypto News
On: November 19, 2022
In: General

The marketplace lets users buy and list any legal products in return for bitcoin and is running a holiday promotion until November 28. Scarce City, a bitcoin-focused marketplace, has launched a marketplace that sells anything in exchange for bitcoin known as SatsCrap, per a release sent to Bitcoin Magazine. SatsCrapContinue Reading

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