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ChattBitcoin plans introductory event on cryptocurrency Monday

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ChattBitcoin plans introductory event on cryptocurrency Monday

Amid the plunge in cryptocurrency values this 12 months, native traders, entrepreneurs and crypto mining house owners have organized an academic occasion about Bitcoin from 6-8:30 p.m. Monday on the Learn Home.

The newly shaped ChattBitcoin plans a sequence of actions and a town-hall-style dialog Monday with Bitcoin educator Jimmy Track and different business leaders.

“The No. 1 query I hear round Bitcoin is, ‘What’s it?’” ChattBitcoin founding member Tom Schreiner mentioned in an announcement of the occasion. “There’s maybe nobody else higher certified to reply that query than Jimmy Track. Jimmy will give attention to what Bitcoin is and the philosophy behind it in a very accessible approach.”

(READ MORE: Bitcoin in your 401(ok): what may probably go incorrect?)

Track is a software program engineer, advisor, teacher and adviser about Bitcoin who lives in Austin, Texas. He has authored quite a few articles and books about cryptocurrency over the previous decade.

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Tennessee state Rep. Jason Powell, D-Nashville, who authored laws in 2018 and once more this 12 months to assist promote the Bitcoin business and mining in Tennessee, will likely be amongst these at Monday’s occasion. Earlier this 12 months, Powell helped move a invoice to draw to Tennessee decentralized autonomous organizations that run on blockchain know-how.

(READ MORE: Bitcoin plunges as main crypto lender halts operations)

Schreiner mentioned Monday’s occasion is supposed for each new and skilled Bitcoiners and is free and open to the general public. Present sponsors embrace PowR, Prime Belief, Swan and Transcard.

“Chattanooga has a really distinctive setup,” Schreiner mentioned in a press launch about ChattBitcoin. “There’s a tremendous quantity of vitality and affinity round this subject, and we hope to deliver of us with a ardour for these points involved with people who find themselves simply interested in what Bitcoin is all about.”

(READ MORE: Amid crypto turmoil, senators suggest sweeping oversight)

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The occasion comes as Bitcoin, the world’s largest cryptocurrency, dropped in worth by 15% on Monday, its sharpest one-day drop since March 2020. Bitcoin has shed about half its worth this 12 months and greater than 20% since Friday alone. Since its file excessive of $69,000 in November, it has slumped practically 70%.

To register and discover out extra concerning the occasion go to ChattBitcoin.com.

— Compiled by Dave Flessner

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Crypto

Convictions Upheld for Defendants in OneCoin Cryptocurrency Case

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Convictions Upheld for Defendants in OneCoin Cryptocurrency Case

Two men convicted for their part in the OneCoin cryptocurrency fraud scheme can’t move forward on their appeals, the Second Circuit said Friday.

OneCoin Ltd. and its affiliated offshore companies conducted a Ponzi scheme that recruited investors without providing anything in return, allegedly making $4 billion. The scheme allegedly offered commissions to members for recruiting others to buy packages of the worthless OneCoin cryptocurrency. At its height, OneCoin claimed to have more than 3 million members worldwide.

As a result of the scheme, Karl Sebastian Greenwood pleaded guilty to conspiracy to commit wire fraud, wire fraud, and conspiracy to commit …

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Crypto

How to protect yourself from crypto scams

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How to protect yourself from crypto scams

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Kraken Resumes Staking For US Customers

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Kraken Resumes Staking For US Customers

Key Takeaways

  • Crypto exchange Kraken has reintroduced crypto staking services for its customers in the U.S.
  • Kraken was previously sued by the SEC for offering similar services.
  • The move by Kraken is yet another sign that the regulatory environment for crypto companies in the U.S. is changing rapidly since President Trump returned to office.

Cryptocurrency exchange Kraken is reintroducing staking services for U.S. customers again.

Kraken’s decision to resume staking comes nearly two years after it settled charges with the SEC, which had previously forced it to halt staking services and pay a $30 million fine for offering unregistered securities.

Staking is a process by which crypto investors can pledge and lock their tokens to a pool which is then used toward validating transactions. Successful validators receive rewards for verifying information on the blockchain, and those rewards are shared with investors who staked their assets.

Kraken Pro users in 37 states and two territories will be able to stake 17 digital assets including Ethereum (ETHUSD), Solana (SOLUSD), Polkadot (DOTUSD), and Cardano (ADAUSD).

This could be yet another sign that the crypto landscape is changing quickly under President Donald Trump’s second administration. In his first week in office, Trump signed an executive order on digital assets, and the Securities and Exchange Commission has become more friendly to the crypto industry.

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