$1B Lawsuit Filed Against YouTube Crypto Influencers

• FTX Investor Files $1 Billion Lawsuit against YouTube Crypto Influencers
• Adam Moskowitz, the lawyer leading the class action suit, reports that Ben Armstrong is harassing him
• Armstrong allegedly made 21 transcribed calls to Moskowitz and sent threatening tweets and emails

FTX Investor Files $1 Billion Lawsuit

Edwin Garrison, a private investor and victim of the FTX collapse, has filed a lawsuit against Sam Bankman-fried, the CEO of FTX. Subsequently, he launched a class action lawsuit against several popular YouTube influencers like Graham Stephan, Ben Armstrong, Andrei Jikh, Jaspreet Singh and others for promoting a fraudulent cryptocurrency exchange. Additionally, celebrities such as Shaquille O’Neal, Kevin O’Leary and Tom Brady have also been sued due to their failure to disclose they were being paid to promote this product.

Adam Moskowitz Reports Harassment by BitBoy Crypto

Adam Moskowitz is an attorney who leads the class action lawsuit. He filed with the court on March 20th that after filing the initial lawsuit last week Ben Armstrong has been harassing him with consistent phone calls emails and tweets. Exhibits of vulgar language and insults have been attached in order to prove these allegations.

Federal Trade Commission Guidelines Ignored

The Federal Trade Commission (FTC) guidelines state that content creators, influencers and celebrities must disclose if they are being paid to promote a product or carry out due diligence on it before endorsing it. However these defendants did not follow these rules when they were paid millions by FTX to encourage unsuspecting followers into investing in their product without disclosing any information regarding payments or compensation.

Details of Harassment Allegations Against BitBoy Crypto According to Moskowitz’s filing on March 20th Ben Armstrong has been making 21 transcribed calls using an anonymous number as well as sending threatening tweets and emails in order to harass him privately and publicly.

Conclusion

The FTC rules state that all content creators should be transparent about any payments or endorsements they receive in order for them not to be held liable for fraud cases such as this one. All parties involved have now been sued due to their failure in following these guidelines which could potentially result in serious consequences for those found guilty of wrongdoing.

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Bitcoin Market Cap Soars, Surpasses Tech Giants & Tesla

• Bitcoin’s market cap jumped to 11th among other assets by market capitalization, reaching $471.86 billion at press time.
• The recent banking sector crisis affected many crypto assets last week, but the market saw a reversal following the Fed’s announcement of supporting banks with $25 billion.
• Bitcoin’s surge was also fueled by news that it had overtaken tech giants like Meta and Visa, as well as its gains of 9.14% in 24 hours far exceeding Apple’s gains of 1.33%.

Bitcoin Market Cap Surpasses Tech Giants

The past week was eventful in the Bitcoin and crypto market, as three top banks collapsed, triggering a crash in the prices of digital assets. Thankfully, the market saw a reversal following the Fed’s announcement of supporting banks with $25 billion. Current data shows that the Bitcoin market cap has now outpaced JP Morgan Chase, Exon Mobil, Meta, and Visa and is now closely behind tech giant Tesla.

Bitcoin Leads The Market

The number one cryptocurrency has overtaken tech giant Meta, whose market cap currently is $469 billion. As of March 13th 2021, BTC’s market cap was $433.49 billion placing it lower than Meta by $37 billion but then surged pushing its cap above Meta within 24 hours. Also, Bitcoin’s market cap topping Visa makes it the third time it has achieved such a feat in history being above Visa by over $20 billion but very far from Gold and Apple which are at respective $12.59 trillion and $2.380 trillion markets caps.

Factors Behind The Surge

While the recent banking sector crisis affected many crypto assets last week this new week started with some news fuelling the recent price rally notably; Federal Reserve Board announced it would provide funding to eligible depository institutions enabling them to meet depositors’ needs after which bitcoin spiked by 10%, Ethereum also recorded 15% price gain other followed suit increasing trading volume & market cap gold lost 0.48% while bitcoins gained 9/14%.

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Conclusion

The recent surge witnessed in Bitcoins’ performance is due to various factors including news from government institutions providing support for banking system & its ability to surpass tech giants like visa & meta who have higher individual markets caps showing potential for growth & investment opportunities available for investors not willing to miss out on such deals should jump on this Crypto Deal right away!

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Bitcoin Mining Hashrate Hits Record High: Get Ready to Mine!

• The Bitcoin mining hashrate is a measure of the total amount of computing power that’s currently connected to the Bitcoin network.
• Recently, the 7-day average Bitcoin mining hashrate has hit an all-time high, despite the difficulty increasing.
• The “mining difficulty” is a built-in concept on the Bitcoin blockchain that keeps the block production rate constant.

Bitcoin Mining Hashrate Reaches All-Time High

The “mining hashrate” is an indicator that measures the total amount of computing power that’s currently connected to the Bitcoin network. Its value is measured in terms of terahashes per second (TH/s). Recent data suggests that this metric has been steadily increasing and recently reached an all-time high, despite an increase in mining difficulty.

What Is Mining Hashrate?

Mining hashrate is a metric used to measure how much computing power is connected to the Bitcoin network at any given moment in time. When this value goes up, it means miners are bringing more machines online onto the network and when it goes down, some miners may be disconnecting from it because they aren’t finding it profitable enough. This trend can give insights into how attractive miners find mining on BTC blockchain currently.

Mining Difficulty Explained

The “mining difficulty” is a feature built into the BTC blockchain which determines how hard it is for miners to mine blocks on its chain. This feature exists because it helps keep what’s called ‘the block production rate’ constant – which measures how fast blocks are mined on its chain by different miners. If there are sudden changes in mining hashrates, then this rate will naturally fluctuate so mining difficulty helps counter such fluctuations by adjusting itself accordingly.

Recent Trend In Mining Hashrate
A chart showing trends in 7-day average Bitcoin mining hashrates over last year shows that while there was a decrease observed in late February 2021, since then there has been strong uptrend and it has hit a new all-time high recently:

Conclusion
In conclusion, recent data suggests that while there might have been brief periods where miners weren’t finding BTC blockchain attractive enough due to increased difficulty level or other factors, overall there has been robust growth in terms of total computing power currently connected to its network – as suggested by its surging hashrates reaching new highs recently.

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Ethereum Launches Shanghai Capella Testnet with MEV-Boost Upgrade

• Ethereum developers are launching the Shanghai Capella testnet this week.
• The upgrade includes a Maximum Extracted Value (MEV) Boost and a Prosperity Builder Separation (PBS).
• Despite the recent advancements, Ethereum still has a long way to go before it is “done.”

Ethereum Launches Shanghai Capella Testnet

Ethereum developers are launching the Shanghai Capella testnet this week. This upgrade follows “The Merge” and enables validators to withdraw their stake from the Beacon Chain back to the execution layer.

MEV-Boost Upgrade

The upgrade includes a Maximum Extracted Value (MEV) Boost and a Prosperity Builder Separation (PBS). MEV-Boost allows validators to access blocks from a marketplace of builders, built by research organization Flashbots as an implementation of PBS for the proof-of-stake blockchain supporting the Ethereum network.

Tim Beiko’s Announcement

Tim Beiko, an Ethereum core developer, published a blog announcing the dates and final client releases for the Shanghai activation and Sepolia testnet. After months of testing, the Shanghai/Capella network upgrade is now scheduled for deployment on Sepolia.

Danny Ryan’s Post

Ethereum Foundation researcher Danny Ryan has recently published a blog stating that despite recent upgrades deployed on the network, Ethereum still has much work to do in order to reach its “sufficient end state”. According to Ryan, achieving such state requires providing secure enough services for clients and users of Ethereum protocol.

Conclusion

Although great progress has been made in terms of development and offering a safer ecosystem for customers since 2021 began, there is still much more work ahead for Ethereum team before they can say that the protocol is “done”.

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Binance Considering Dropping US Business Partners Amid SEC Scrutiny

• Binance, the largest cryptocurrency exchange in the world, is reportedly considering ending relationships with U.S. business partners due to a tightening of regulatory policies by the Securities and Exchange Commission (SEC).
• Binance CEO Changpeng Zao (CZ) has refuted these allegations on Twitter.
• The crypto space has had a rough Q1 amid intense scrutiny from U.S. regulators, despite recording a crypto bull run that is barely starting to take shape.

Binance Considers Ending US Relationships

According to a Bloomberg report, crypto exchange Binance is considering ending relationships with U.S. business partners due to a tightening of regulatory policies by the Securities Exchange Commission (SEC).

SEC Accuses BUSD of Being Security

The SEC has accused BUSD, a stablecoin pegged to the US dollar, of being a security and suing the crypto firm Paxos which has caused an escalation of concern and uncertainty between exchanges and the U.S. watchdog’s regulation policies.

Binance CEO Denies Allegations

Binance’s CEO Changpeng Zao (CZ) denied the allegations in a Twitter post saying it was false information. CZ has been embroiled in controversy lately as Reuters reported that $400 million was moved from one of Binance’s “secret” accounts paired with its subsidiary Binance US which involved Silvergate Bank – a crypto-friendly bank – and CZ’s trading firm Merit Peak which was incorporated in British Virgin Islands in 2019 and invested over $1 million into Binance US platform at the time.

Crypto Space Has Rough Q1

The crypto space has had a rough Q1; despite recording a crypto bull run that is barely starting to take shape causing many questions and uncertainties among investors across all nations including those based in USA jurisdiction about whether new regulations will be introduced for cryptocurrencies or not?

Conclusion

Despite refuting any possible claims by SEC against BUSD as well as moving funds from secret accounts paired with its subsidiary, it seems clear that there are still many questions about how cryptocurrency exchanges are operating within different countries’ jurisdictions – particularly when it comes to taxation laws – and what impact this could have on traditional finance institutions around the world in terms of their relationship with digital assets going forward?

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Be Ahead of the Curve: DekaBank Launches Blockchain-Based Token Platform

• DekaBank, a German generational bank, is collaborating with Metaco to launch its blockchain-based tokenization platform Harmonize in 2024.
• The focus of the platform is on digital funds and stocks rather than regular crypto assets like Bitcoin.
• This new infrastructure will open up a new token economy by providing institutional digital assets such as bonds, stocks and other funds.

German Bank DekaBank Launches Blockchain Tokenization Platform

DekaBank, a German generational bank, has announced plans to release its blockchain-based tokenization platform Harmonize next year in collaboration with Metaco, a digital asset management company. This new infrastructure will provide institutional digital assets such as bonds, stocks and other funds while opening up a new token economy.

Focus on Funds and Stocks

The focus of this platform is not on regular crypto assets such as Bitcoin but on funds and stocks instead. Andreas Sack, the Digital Asset Custody Executive at DekaBank noted that they will use this year to prepare the infrastructure for launch in 2024 and that the first test transaction would be conducted in 2023.

Regulated Products

The executive also suggested that the bank was only interested in regulated products since it was under the German Electronic Securities Act regulation. Therefore, it would not be trading any crypto assets through its partnership with Metaco.

New Token Economy

Sack further mentioned that this new infrastructure is taking their management solution to a different level by including tokenized assets on several blockchains such as Ethereum and Polygon that are already undertaking tokenization process within the industry. He also noted that it remains unclear whether these existing networks will emerge as the standard for their idea or not.

Conclusion

Overall, DekaBank’s blockchain-based tokenization platform Harmonize is set to open up an entirely new world for institutional investors looking for secure investments via digital tokens when it launches next year in 2024 after proper preparations have been made this year itself including first test transactions happening in 2023 itself.

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Ethereum Shanghai Upgrade: Test Network Goes Live, Unlocking Funds

• An Ethereum developer recently revealed that the Zhenjiang public testnet for the Shanghai upgrade will allow users to test and evaluate the withdrawal process and network functionality after the upgrade.
• The testnet will go live on February 1 and users will be able to test withdrawals from February 7 when the Shanghai and Capella testnet go live.
• The Shanghai upgrade is among the most anticipated events in the Ethereum community and the entire crypto space, as it aims to end the issue of Ethereum being locked up.

The Ethereum network is set to experience an upgrade with the upcoming Shanghai upgrade and the Capella upgrade, both of which are expected to take place sometime in March. However, before the full upgrade is implemented, the Zhenjiang public testnet has gone live, allowing users to test and evaluate the withdrawal process and network functionality after the upgrade.

The Zhenjiang public testnet went live on February 1 and users will be able to test withdrawals from February 7 when the Shanghai and Capella testnet go live. The testnet will mimic a post-merge chain, with its genesis in a merged state. As such, users will be able to test validator deposits, practice how to change BLS, and master the user interface navigation in a risk-free environment.

The Shanghai upgrade is among the most anticipated events in the Ethereum community and the entire crypto space, as it aims to end the issue of Ethereum being locked up. Many users have invested in Ethereum, but are unable to withdraw it, due to the way in which the network is currently configured. The upgrade will see the network use an improved consensus mechanism, which should allow users to access their funds much more easily.

The upgrade is also expected to bring a number of other improvements, such as improved transaction speeds, better scalability, and improved network security. This will make Ethereum a much more attractive platform for developers and users alike, leading to even more adoption and use of the platform.

Overall, the Shanghai upgrade is an exciting development for the Ethereum network and the entire crypto space. The Zhenjiang public testnet will allow users to properly test and evaluate the upgrade before it is fully implemented, ensuring that the network is secure and ready for use. With the upgrade, Ethereum is set to become an even more attractive platform, leading to more adoption and use of the network.

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European Parliament Approves Strict Crypto Regulations for Banks

• The European Parliament has approved a bill to implement the final stage of the post-financial crisis global bank capital rules (Basel-III) starting in January 2025.
• This bill stipulates that volatile cryptocurrencies like Bitcoin will be considered the riskiest investment.
• Banks must hold more than one euro of free capital for every euro of cryptocurrencies, in order to prevent instability in the crypto world from spilling over into the financial system.

The European Union has been pushing for clear regulations for the Bitcoin and crypto industry for some time. After the final vote on the European Union’s draft legislation to regulate cryptocurrencies, the Markets in Crypto-Assets Regulation (MiCA), was postponed until April 2023 due to technical difficulties, the European Parliament recently approved new banking regulations.

On Tuesday, the Economic Affairs Committee of the European Parliament approved a bill to implement the final stage of the post-financial crisis global bank capital rules (Basel-III) starting in January 2025. This bill stipulates that volatile cryptocurrencies like Bitcoin will be considered the riskiest investment. It is following the Bank of International Settlement (BIS), which essentially divides cryptos into two distinct groups. Group 1 represents tokenized assets and stablecoins with approved stabilization mechanisms, while it is questionable whether Tether or USDC meets the requirements. Group 2 includes stablecoins without BIS-approved stabilization mechanisms and volatile cryptocurrencies.

This group classification entails that Bitcoin, Ethereum, and other cryptos require banks to apply a “risk weight” of 1,250%. This means that European banks must hold more than one euro of free capital for every euro of cryptocurrencies. According to Markus Ferber, a German member of the European People’s Party in the EU Parliament, this effort is designed to “prevent instability in the crypto world from spilling over into the financial system.”

The new regulations come into effect in January 2025, and will have a significant impact on the cryptocurrency industry. Banks will need to hold much more capital to invest in cryptocurrencies, which could make it more difficult for them to enter the market. It also could mean fewer options for investors, as banks may be less willing to take on the risk associated with volatile cryptocurrencies.

The European Union is taking a strong stance on regulating the cryptocurrency industry, and it remains to be seen how the new regulations will be enforced. However, it is clear that the EU is taking steps to ensure the stability of the industry, and to protect investors from potential instability.

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Australia to Regulate Crypto Assets: Token Mapping Exercise Underway

• Australia is considering regulations for crypto assets this year.
• The government intends to embark on a token mapping exercise to regulate crypto assets.
• Stephen Jones, Australia’s Assistant Treasurer and Minister for Financial Service, mentioned the collapse of the FTX crypto exchange, stressing the need for crypto regulation.

The Australian government is taking steps to regulate crypto assets this year. Stephen Jones, the Australian Assistant Treasurer and Minister for Financial Service, recently spoke on the matter of crypto regulation. He mentioned the government plans to roll out some laws regarding crypto regulations this year. He also discussed the need for crypto regulation, citing the collapse of the FTX crypto exchange and its aftermath.

In his speech, Minister Jones also disclosed that the government intends to embark on a token mapping exercise highlighting all the crypto assets to regulate. This exercise will help the government identify which crypto assets should be classified as financial products. This is in order to ensure that these assets are regulated and that there is no separate regulatory regime for them.

The Minister also noted that the aim is not to set up a different regulatory regime for crypto assets since they are classified as financial products. He believes that if crypto assets operate like financial products, they should be regulated as such. This will help protect investors from potential losses as well as ensure that the market is safe for trading.

The regulation of crypto assets is a hot topic in Australia. There are some top government officials who want to classify crypto as financial products, while some crypto executives are against it. The Sydney Morning Herald (SMH) reported about the country’s take on crypto regulation.

Regardless of the arguments surrounding crypto regulation in Australia, the government is taking steps to ensure that crypto assets are regulated. This is in order to protect investors from potential losses and to ensure that the market is safe for trading. The government is currently conducting a token mapping exercise in order to identify which crypto assets should be regulated as financial products. This will help the country protect investors and ensure that the market is safe for trading.

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What is does the Crypto Bank website looks like

Crypto Bank Review: Scam & Fake or not?

You went to an online site, received an email, or saw an advert promoting Crypto Bank and you are wondering what do you think? Is Crypto Bank Scam & Fake? Or is it Safe & Legit?

Crypto Bank

Reviewing this article and commenting will help you save money as well as provide secure options for those who want to purchase Bitcoin or any other cryptocurrency. Because Crypto is an excellent thing, but certain Sites aren’t!

If you have already have an account through Crypto Bank and made your own experiences then please make use of the comment section in the following paragraph for sharing your experiences and assist others.

Is Crypto Bank Scam?

In our opinion we believe it’s true the case, and by making this simple comparison, you will be able to decide for yourself:

Criteria Crypto Bank eToro
True Promises Does the product being advertised in a correct manner? No Yes
Actual Profits Have users earned real money? No Yes
Risk Warns Are the risks of investing highlighted? No Yes
True Testimonials Are you able to confirm the reviews and testimonials? No Yes
Solicited contact Have you come into contact with the broker via an authoritative source? No Yes
broker license Are brokers controlled? No Yes
Contact Information for the Company Do you have an address or contact details? No Yes

About Crypto Bank

There is little information available but this is the information we have found regarding Crypto Bank:

Overview of Crypto Bank

Name Crypto Bank
Company Unknown
Address Unknown
Website It is seen on a variety of domains
App Unknown
Contact Unknown
CEO Unknown
Founded Unknown
Payment Methods Unknown
Fees Unknown
Languages Unknown

Conclusion

There’s nothing left to say. You reviewed our analysis of Crypto Bank, and we hope that you came from the same place we did:

Beware of Crypto Bank, because in our view, it’s an enigma.

Don’t let this discourage you from exploring the world of cryptocurrency. There are secure and safe methods to purchase your first cryptocurrency. And we suggest taking a an examination of the eToro.

Frequently Asked Questions

We have compiled and provided answers to some of the most frequently asked questions regarding Crypto Bank:

What is Crypto Bank?

Crypto Bank ( which we’ve reviewed in this article) is just one of a variety of marketing funnels utilized by various brokers to gain new customers. It doesn’t matter what broker you choose to join, and whether the broker is licensed or not. It doesn’t matter if it’s not even a brokerage, it’s just an online simulation. These funnels for marketing are in violation of the most basic advertising (and moral) norms with their promises of easy profit and much more. Point!

Does Crypto Bank safe & legit?

After reading this review we will provide you with an easy method of how to discover the truth and form your own opinion. This way, you won’t need to believe us or other sites by following the principle that is DYOR (do the own study).

Why are some reviews saying they are safe? Crypto Bank is safe?

Pecunia non-olet, or Cash doesn’t stink. Based on our data it is possible to earn anywhere between $500-$800 per new client who deposits with Crypto Bank. It is 5 to 6 times more than promoting trusted cryptocurrency brokers and exchanges. In our study, this will lead us to a conclusion.

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