The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
If you are a young couple, chances are you are always on the lookout for new trends. Whether you are looking for advice on keeping the spark alive or want to know what other couples your age are doing, we have you covered. Here are four trends that might interest young couples. Keep reading for more information.
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Continue reading Cryptocurrency Schemes on the Rise in New Jersey
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Jersey City NJ, Acting Attorney General Matthew J. Platkin and the Bureau of Securities today announced that a Jersey City-based financial services company, BlockFi Lending, LLC, has reached a $100 million settlement with state and federal securities regulators over the company’s offers and sales of unregistered securities in the form of interest-bearing digital asset deposit accounts called BlockFi Interest Accounts.
Government Seized $3.6 Billion in Stolen Cryptocurrency Directly Linked to 2016 Hack of Virtual Currency Exchange
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New York NY, two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange, presently valued at approximately $4.5 billion. Thus far, law enforcement has seized over $3.6 billion in cryptocurrency linked to that hack.
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Teterboro NJ , Walmart plans to create its own cryptocurrency and NFTs as it enters the metaverse. The retailer filed seven new trademarks indicating its intent to make and sell virtual goods late last month. Walmart declined to comment on the filings, saying that the company continuously explores new technologies and that not all ideas become products or services. Many companies have been rushing to claim property in the metaverse to make sure that their intellectual property is protected in the space.
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Ridgewood NJ, North Korea stole nearly $400 million in cryptocurrency in 2021. The country has long relied on its hacker corps to steal money from financial institutions around the world. It has been increasingly focused on companies that handle and trade cryptocurrencies in recent years. Last year, the country successfully breached at least seven cryptocurrency exchanges. It strategically launders small amounts of its hacked cryptocurrency to take advantage of price increases.
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Ridgewood NJ, WeChat plans to roll out China’s e-CNY digital currency for use in its app. WeChat is used everywhere in China, with the super app offering many functions such as messaging, payments, taxi-hailing, and food orders. WeChat Pay has over 800 million monthly users. Alipay has also started trialing digital yuan payments. The People’s Bank of China has expanded the rollout of its e-CNY app to certain regions and cities, allowing anyone in those areas to use the service.
photo by Boyd Loving of the empty Hudson Parking Garage
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Ridgewood NJ, so you want to become a blockchain billionaire ,or maybe you think the Village or Township or Borough could use a token , this new tutorial teaches developers how to create a cryptocurrency using Solidity and the ERC20 Token standard. Readers will learn how to develop and deploy Ethereum Smart Contracts, create ERA20 Tokens, set up local Ethereum development environments, deploy on Polygon Mumbai, and visualize custom tokens on MetaMask. No previous Solidity knowledge is required.
Continue reading How To Develop A Cryptocurrency – The Complete Guide
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Abu Dhabi, the capital of the United Arab Emirates, has joined Dubai in stepping up its efforts to attract crypto-focused businesses as it seeks to become the leading cryptocurrency center in the Middle East.
Continue reading Abu Dhabi seeks to become the leading cryptocurrency center in the Middle East
Tulip mania
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Ridgewood NJ, the market for cryptocurrencies like Bitcoin is soaring, and the chance to get rich is the main selling point for investors.
Continue reading “Crypto-Mania” : Cryptocurrency Investors Expect Big Gains
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Ridgewood NJ, Circle has announced its intention to become a fully regulated bank. Its aim is to become a narrow bank that places all deposits on reserve at the central bank. If this were achieved, USDC would become a cryptocurrency fully backed by the Federal Reserve. Circle would profit off the interest that the Fed pays on bank reserves. Previous attempts by other companies to do narrow banking in the US have failed as the Fed doesn’t like the idea. Circle has yet to initiate the process of applying to be a bank.
Continue reading Could Circle Create a U.S.-backed digital Currency
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Washington DC, terrifying thought of the day, the Senate’s new infrastructure bill may shape the future of cryptocurrency in the US. The bill promises public spending on major projects and it proposes taxes on crypto brokers to fund the projects. There are two competing amendments, one that exempts miners, hardware manufacturers, and developers, and another that only exempts proof-of-work cryptocurrencies. The definition of brokers in the original bill was so broad that anyone involved in cryptocurrency services would have to report to the IRS information on their customers, which would be impossible for most of the industry. The vote on the rival amendments is expected to take place on Saturday.
Also recall, buy bitcoin with credit card can be found on the Paybis website.
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Miami FL, the City of Miami has launched its own cryptocurrency called MiamiCoin. Revenue from the coin will be diverted to the city treasury. Mining the coin is less energy-intensive and less difficult than mining Bitcoin or Ethereum.iami Mayor Francis Suarez recently announced that the city of Miami will launch its own cryptocurrency called MiamiCoin (MIA). Starting this week, MiamiCoin mining is ready to be activated. Traders can trade, buy or sell the coin on California-based crypto exchange Okcoin, according to CityCoins. The Miami government will have its own wallet and a portion of the coins mined will end up in that wallet to be used to improve the city. Speculators can purchase the coin on exchanges, which will ideally raise the value of the coin. The project aims to incentivize stakeholders to participate in the city’s success. The Village of Ridgewood should give this a thought to fund the Hudson Garage .
Continue reading Miami Launches ‘MiamiCoin’ to Fund the Police
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Washington DC, Wall Street and Silicon Valley all want to know: where does Securities and Exchange Commission Chair Gary Gensler stand on cryptocurrency?
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Washington DC, a Swedish man was sentenced today to 15 years in prison for securities fraud, wire fraud and money laundering charges that defrauded thousands of victims of more than $16 million.
Roger Nils-Jonas Karlsson, 47, pleaded guilty on March 4. According to court documents, Karlsson ran an investment fraud scheme from 2011 until his arrest in Thailand in June 2019. Karlsson induced victims to purchase shares in the scheme called “Eastern Metal Securities” using cryptocurrency such as Bitcoin and other online payment platforms. Karlsson promised victims astronomical returns tied to the price of gold. Instead, the funds provided by victims were transferred to Karlsson’s personal bank accounts, and he then used proceeds to purchase expensive homes, a racehorse and a resort in Thailand. Karlsson’s fraud targeted financially insecure investors, causing severe financial hardship for many of them. Meanwhile, Karlsson went to great lengths to prolong his scheme, including rebranding, offering updates and account statements that provided assurances to the victims of the states of their assets, and offering explanations for the payout delays – including falsely claiming to be working with the Securities and Exchange Commission (SEC). Not to lose your money, you should be patient as well as wisely approach trading. We recommend scalping signals crypto that indicate the best time and settings for trading. Being aware of advanced tools you won’t lose your money or give it to fraudsters.
