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Financial Literacy, 9672 Morris Field Jocelynside, Glasgow (2026)

17/09/2023

Grayscale has emerged victorious in a lawsuit against the U.S. Securities and Exchange Commission (SEC) regarding the review of its Bitcoin ETF.

Bitcoin (BTC) rose 6.2% yesterday to close above the 200-DMA for the first time since January.

17/09/2023

South Korea’s parliamentary ethics subcommittee has voted down a motion to expel Kim Nam-kuk, a former member of the main opposition Democratic Party.

A parliamentary ethics subcommittee of South Korea has voted down a motion to expel Kim Nam-kuk, a former member of the main opposition Democratic Party (DP), the local news agency Yonhap reported on Aug. 30.

Kim Nam-kuk at a plenary session at the National Assembly in Seoul on Aug. 24, 2023. Source: Yonhap

16/09/2023

U.Today - The Foundation just pulled the curtain back on its latest innovation: the , or EELS.

EELS has been in the works for over a year and aims to replace the Yellow (OTC:YELLQ) Paper as the go-to guide for Ethereum's inner workings. But unlike its predecessor, EELS is not stuck in the past. It is fully up-to-date with all the latest forks and offers a user-friendly approach that is geared toward programmers.

What is EELS? It provides a complete snapshot of the protocol at every fork, including the ones still on the drawing board. This is a big deal because, until now, Ethereum Improvement Proposals (EIPs) have only ever suggested changes.

They have not given developers a full picture of how those changes fit into the existing framework. EELS solves this problem by offering a comprehensive, easy-to-follow guide that could become the new gold standard for Core EIPs.

16/09/2023

The announcement of Patricia Token (PTK) by Nigerian crypto exchange Patricia was greeted by users with scepticism and some suspicion as they took to social media to question the motives behind the move. Now, in a response to that reaction, the crypto exchange company has released a white paper seeking to explain the intended function of Patricia Token.

According to the released white paper, Patricia Token is not a stablecoin but a debt token issued to customers to manage users’ debt. Patricia said it would operate similarly to an IOU (I owe you) document, serving as a means for the exchange to acknowledge its debt to its users and promising to pay holders 1 Tether (USDT) for each Patricia Token in the future.

15/09/2023

U.Today - In a stunning turn of events, insiders appear to have gained a significant edge on the crypto markets, with data from revealing a remarkable accumulation surge within shark and whale wallets. This noteworthy uptick in accumulation occurred right before the breaking news of the landmark v. SEC ruling.

The timing could not have been more precise, as individuals behind wallets containing between 10 and 10,000 BTC amassed a staggering $388.3 million, equivalent to 14,596 BTC, in Bitcoin on the day leading up to the announcement. As a result, this accumulation craze was rewarded handsomely, with Bitcoin's price experiencing a 6% surge, reaching a two-week pinnacle of $28,142 per

15/09/2023

Crypto.news - Bitcoin critic Peter Schiff warns that Grayscale’s recent legal victory in converting its GBTC to a spot Bitcoin ETF could be bearish for the cryptocurrency.

Schiff wrote in an Aug. 29 tweet, “GBTC becoming a spot ETF is actually bearish for Bitcoin.” He explained that traders can buy GBTC now and sell or short BTC. He added that once GBTC becomes an ETF, the discount to net asset value goes away.

The comment follows Grayscale Investments LLC securing judicial backing for initiating a Bitcoin spot ETF in the United States. Three federal judges annulled the SEC’s decision to prevent GBTC’s conversion to a spot Bitcoin ETF, allowing it to move forward instead.

14/09/2023

Defunct crypto lending firm BlockFi has applied to a court to request the transfer of “trade-only” assets from its users’ accounts into stablecoins so the individuals could withdraw them. The request marks another step toward the return of users’ funds, a process that the company began in August.

On Aug. 29, BlockFi filed an application to the United States Bankruptcy Court for the District of New Jersey to authorize the conversion of the so-called trade-only assets into stablecoins. The assets in question — Algorand’s native token, ALGO, Bitcoin Cash (B*H) and Dogecoin (DOGE) — cannot be withdrawn easily, and BlockFi suggests a one-time exchange for Gemini Dollar (GUSD) or another stablecoin.

14/09/2023

U.Today - Several XRP transactions that make up an impressive total amount together — close to half a billion — have been spotted by the popular crypto tracking service Whale Alert over the period of the last 24 hours.

Ripple Labs giant took an active part in this, transferring part of this massive crypto stash.

Ripple sells 59 million XRP, with 483 million XRP on the move in total
The above crypto tracker spotted three XRP transfers, carrying 424,018,481 XRP; 31,000,000 XRP and 27,600,000 XRP.

13/09/2023

Arbitrum has emerged as a leading contender within the Ethereum network’s layer-2 scalability solutions, boasting a significant total value locked (TVL) and notable activity. However, between Sept. 9 and Sept. 11, the price of Arbitrum (ARB) tokens experienced a sharp decline of 14.5%, marking its lowest point in history.

Investors are now eagerly seeking insight into the factors driving this movement and questioning whether Arbitrum still possesses the competitive edge, especially considering that irrespective of the ARB token performance, the network TVL exceeds $1.6 billion.

Arbitrum (ARB) vs. competitors Polygon (MATIC), Optimism (OP) and Loopring (LRC). Source: TradingView
Arbitrum network total value locked. Source: DefiLlama
Arbitrum network top decentralized applications by active addresses. Source: DappRadar

13/09/2023

The eagerly-awaited launch of the Telegram bot Banana Gun’s native token BANANA couldn’t have gone any worse, with the price of the newly launched BANANA falling from a peak of $8.70 to $0.02 in less than 3 hours after it launched.

Banana Gun (BANANA) token price action since inception. Source: DexScreener
Some crypto users were quick to cry foul, accusing it of a “rug pull.” However, the official X account for Banana Gun instead blamed a bug in the token’s contract that the team was unable to hotfix, noting that the bug managed to get through “despite two audits.”

12/09/2023

U.Today - Veteran trader has dismissed the appearance of a mega chart pattern on the Bitcoin chart. Brandt responded to a analysis posted by an X user, "Northstar," who speculated that Bitcoin might have spent the last 12 years forming a huge bearish rising wedge.

Brandt replied that the observation made does not meet the criteria of a rising wedge, as there must be an overlap between intermediate highs and lows.

Thepointed out that the rising wedge, in this context, was simply part of the Bitcoin price trend and not a singular pattern.

The rising wedge has oftentimes appeared on Bitcoin's price charts, so going by Brandt's comments, it was all part of a trend and not a mega pattern.

In bear markets, a rising wedge is a common technical indication. When the price advances upward, the pivot highs and lows converge into a single point known as the apex, and this pattern appears on the chart.

When coupled with decreased volume, a rising wedge may indicate that the bear market will continue. While the wedge pattern is quite popular among traders, investors should be aware that there are many false patterns, or patterns in disguise, that may appear as rising wedges.

Bitcoin hits new highs in new daily addresses
On-chain analytics firm reported a significant development that occurred on the Bitcoin network over the weekend: Bitcoin recorded its highest number of new daily addresses since 2017, the second highest since its inception.
As reported by Ali, a cryptocurrency analyst, he observed over the weekend that new daily BTC addresses have hit a yearly high of 527,000.

Despite weak trading activity, this could suggest rising interest in BTC. Likewise, the increase in participation could be interpreted as a measure of the network's sustained interest and trust.

This article was origi

12/09/2023

Crypto.news - US judge sentenced a teenage crypto hacker to return stolen BTC worth nearly $5.2 million and a sports car he bought with the illicit funds.

The hacker, identified as Wagaafe Hared, is a teenager from Arizona who was part of a crypto theft ring that has operated since 2016.

According to The San Francisco Standard, Hared and his two accomplices targeted wealthy tech investors and executives in the San Francisco area, known for its extensive fintech and technology hub.

They used SIM swapping, a form of identity theft where an attacker convinces a mobile phone carrier to switch the victim’s phone number to a new SIM card controlled by the attacker. This way, they could access the victims’ email and crypto accounts and drain their funds.

Hared was arrested in 2019 after he was caught buying a McLaren sports car with Bitcoin (BTC). He pleaded guilty to 11 counts of wire fraud, identity theft, and computer hacking. He was ordered to forfeit the car and pay restitution to his victims. He also faces up to 10 years in prison.

Crypto robberies on the rise
Hared’s case is not an isolated incident, as crypto robberies have become a growing concern recently. As the value and popularity of cryptocurrencies increase, so do the risks and vulnerabilities of the crypto space. Crypto thieves have resorted to various ways to steal digital assets, from online hacking to physical violence.

One of the emerging trends is home invasion, where criminals pose as delivery drivers or service workers to gain access to the homes of crypto millionaires. Once inside, they use force or threats to obtain information that allows them to access the victims’ crypto accounts.

This has been reported in several countries, including Canada, where the Royal Canadian Mounted Police (RCMP) in Richmond has issued a public warning about this phenomenon. The RCMP has confirmed multiple incidents of this nature over the past year and has made one arrest related to these crimes

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