Withdrawals Frozen at Crypto Mining Firm Poolin Amid 'Liquidity Problems

Crypto Currency News

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Today's News

It's been a busy day in the world of cryptocurrency and blockchain. Here's a recap of some of the biggest stories from the past 24 hours.

Outline

Binance launches its own stablecoin
A lawyer for an alleged crypto launderer urges Russia to discuss a prisoner swap
The UK's Truss promises to 'unshackle' the City of London
Withdrawals are Frozen at Crypto Mining Firm Poolin Amid 'Liquidity Problems'
Elon Musk's crypto interview is broadcasted on the South Korean government's YouTube channel that was hacked and renamed 'SpaceX Invest'
People are trying to buy rental real estate right now, but after 15 years as a landlord, the author is selling his properties for 4 reasons
What if cryptocurrencies ranked by number of nodes instead of marketcap?
China orders tech companies to 'improve traceability' of users to control 'rumours and false information'
Singapore Hotel Prices Hit 10-Year High as City Roars Back to Life
DF Direct: What's really happening with Intel Arc graphics?
Will Ethereum Still Be a Buy After the Merge?
3 Reasons You Should Invest in Ethereum
My Top Bank Stock To Buy and Hold Forever
3 Stocks to Avoid This Week
What is LG Art Lab and what does it mean for creatives?
Links 9/5/2022
‘Sell All Your Bitcoin’ Now—Serious Crypto Price Crash Warning Issued Ahead Of Game-Changing Ethereum Upgrade
Confessions Of An English Bitcoin Maximalist
First Mover Americas: Bitcoin Languishes Below $20K as Energy Crisis in Europe Worsens
UK Crypto Firms Must Now Report Sanctions Breaches, Freeze Accounts
Crypto Exchange Bybit Barred From Brokering Securities in Brazil
Liz Truss to Become UK Prime Minister After Winning Conservative Party Leadership
Revolut Said to Be Under Pressure From Regulator Over Risk of 'Material Misstatement' in Auditing: Report
First Mover Asia: Bitcoin Holds Tight Below $20K; Blockchain Protocol Cardano Arrives on Robinhood. Who Cares?
Australian Federal Police Forms Cryptocurrency Unit to Tackle Money Laundering, Offshoring: Report
Nigeria Plans to Create a Virtual Free Zone With Binance Crypto Exchange
Crypto Exchange Upbit Publishes Token Listing, Delisting Procedure After Government Pressure
First Mover Asia: Ethereum's Merge Starts to Hit Gaming Chip Prices
Bitcoin in Accumulation Phase Despite Macro Headwinds, On-Chain Data Indicate

Binance to convert users' USDC into its own stablecoin

Binance, the world's largest crypto exchange, said on Monday it is introducing "BUSD Auto-Conversion," which will be used to convert any existing user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and True USD (TUSD) into its own stablecoin.

Lawyer of alleged crypto launderer urges Russia to discuss prisoner swap

The lawyer of a Russian man accused of laundering more than $4 billion through the digital currency bitcoin urged Moscow on Monday to begin negotiations with the United States to include his client in a potential prisoner swap.

Explainer: UK's Truss promises to 'unshackle' City of London

Liz Truss becomes Britain's prime minister on Tuesday after a campaign in which she promised to "really unshackle" the City of London by making the most of Brexit in the 164-billion-pound ($192 billion) financial sector. <a href="/world/uk/britains-truss-expe…

Withdrawals Frozen at Crypto Mining Firm Poolin Amid 'Liquidity Problems'

Poolin, one of the world's biggest crypto mining pools, is suspending bitcoin and ether withdrawals from its wallet service due to "liquidity problems." From a report: "As you may have known, Poolin Wallet is currently facing some liquidity problems due to re…

Elon Musk's crypto interview was broadcast on the South Korean government's YouTube channel that was hacked and renamed 'SpaceX Invest'

The breach on Saturday morning is the fourth time in the last two weeks that a YouTube channel run by the South Korean government was hacked.

Everyone is trying to buy rental real estate right now, but after 15 years as a landlord I'm selling my properties for 4 reasons

Landlord Holly Johnson made $150,000 on the sale of one of her rental properties. She expects to make a profit on the second, too.

What if cryptocurrencies ranked by number of nodes instead of marketcap?

Chainparrot is a blockchain analysis platform that provides data on blockchain and crypto technology.

China orders tech companies to 'improve traceability' of users to control 'rumours and false information'

PLUS: Australia mints a physical crypto-coin; Alibaba Cloud claims world's biggest DC; India’s space airbags; and more China will conduct a three month blitz to cleanse the local internet of "rumors and false information".…

Singapore Hotel Prices Hit 10-Year High as City Roars Back to Life

Hotel rooms in Singapore are now the most expensive in almost a decade as the city-state seeks to position itself as the tourism and business destination in Asia with a slew of high-profile events lined up for the coming months.

DF Direct: What's really happening with Intel Arc graphics?

This week's DF Direct is somewhat different than the usual show - a while back, Intel approached us, asking to be featured on a future episode to talk about its Arc graphics line. At the same time, Intel Fellow Tom Petersen, having seen our extensive image qu…

Will Ethereum Still Be a Buy After the Merge?

Shifting narratives about the Merge could affect how investors view Ethereum.

3 Reasons You Should Invest in Ethereum

Here's why the second-largest cryptocurrency deserves a place in your portfolio.

My Top Bank Stock To Buy and Hold Forever

This bank stock has the potential to deliver monster growth.

3 Stocks to Avoid This Week

These investments seem pretty vulnerable right now.

What is LG Art Lab and what does it mean for creatives?

TV tech and NFT art collide.

Links 9/5/2022

Our industrious daily links, including attacks on the Zaporizhzhia Nuclear Power Plant, Salvini questioning sanctions, steel mills cutting hours, Libyan PMs in Turkey, an inhalable Covid vaccine, Tuvalu standing with Taiwan, and a pay cut for the Air Force.

‘Sell All Your Bitcoin’ Now—Serious Crypto Price Crash Warning Issued Ahead Of Game-Changing Ethereum Upgrade

One independent bitcoin and crypto researcher has warned of a looming bitcoin price crash that could follow ethereum's "merge" transition to the energy-efficient proof-of-stake...

Confessions Of An English Bitcoin Maximalist

Or, 'How I learned to love bitcoin without despising everything in its shadow'.

First Mover Americas: Bitcoin Languishes Below $20K as Energy Crisis in Europe Worsens

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 5, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

UK Crypto Firms Must Now Report Sanctions Breaches, Freeze Accounts

The U.S. and European Union have also extended sanctions rules to crypto since Russia’s invasion of Ukraine gave way to heightened concerns over the use of digital assets to circumvent restrictions.

Crypto Exchange Bybit Barred From Brokering Securities in Brazil

According to the CVM, Brazil's stock exchange B3 is the only one authorized to intermediate securities in the South American country.

Liz Truss to Become UK Prime Minister After Winning Conservative Party Leadership

Truss has revealed little about her stance on crypto save for two rare statements that indicate she may be open to innovative-friendly regulation.

Revolut Said to Be Under Pressure From Regulator Over Risk of 'Material Misstatement' in Auditing: Report

Crypto-friendly digital bank Revolut is under pressure from U.K. regulators after "unacceptably high" risk of "material misstatement" was highlighted in the auditing of its accounts, the Financial Times reported Monday.

First Mover Asia: Bitcoin Holds Tight Below $20K; Blockchain Protocol Cardano Arrives on Robinhood. Who Cares?

Other protocols have far exceeded Cardano for total value locked; bitcoin and ether trade sideways over the weekend.

Australian Federal Police Forms Cryptocurrency Unit to Tackle Money Laundering, Offshoring: Report

The Australian Federal Police has formed a unit to tackle the use of cryptocurrency as a means of money laundering and offshoring, the Australian Financial Review reported Monday.

Nigeria Plans to Create a Virtual Free Zone With Binance Crypto Exchange

The west African country has held discussions with Binance about creating something similar to Dubai’s virtual commercial city.

Crypto Exchange Upbit Publishes Token Listing, Delisting Procedure After Government Pressure

Tokens listed on Upbit, South Korea’s largest exchange by trading volume, see major market movements.

First Mover Asia: Ethereum's Merge Starts to Hit Gaming Chip Prices

Prices for graphics processing units (GPUs) for personal computers are tumbling ahead of the Ethereum blockchain's upcoming shift to a proof-of-stake network, which is already reducing demand for chips from cryptocurrency miners.

Bitcoin in Accumulation Phase Despite Macro Headwinds, On-Chain Data Indicate

The data suggest the long-term growth outlook for the oldest cryptocurrency remains bullish, analysts said.