Sierra Club leads lawsuit against a New York city: Bitcoin mining facility is to be expanded

Greenidge allegedly circumvented laws to expand their mining facility.

Several organizations have filed a lawsuit against the US city of Torrey, New York State, for approving a plan to expand a Bitcoin ( BTC ) mining facility near one of the Finger Lakes

In court documents filed with the New York State Supreme Court Thursday , the Sierra Club, the Seneca Lake Guardian, the Finger Lakes Preservation Committee and more than 20 local residents allege that the local government violated state law by it approved Greenidge Generation’s site plan to expand its existing bitcoin mining facility.

The lawsuit alleges that Greenidge circumvented the laws that mandated an environmental impact statement by applying for regulatory approval „through two separate but interdependent permit applications.“ The New Yorkers who joined the lawsuit cite various reasons for participating in the Sierra Club’s lawsuit. These include, for example, possible noise complaints and possible pollution of the water in the lake by the system.

That would have a negative impact on wildlife and recreational activities

The Greenidge power plant in the nearby city of Dresden uses a pipeline to transport natural gas directly to the power plant. This generates the electricity for his Bitcoin mining system and reduces costs. Atlas Holding owns the facility and installed 7,000 crypto mining machines in the past year.

According to the local news portal Fingerlakes1, the plant has recently been in operation „only sporadically and far below its capacity“ . Greenidge applied to local authorities for expansion and asked for permission to construct and operate four new buildings with bitcoin mining equipment. This expansion of the facility would allow Greenidge to operate “at full capacity, 24/7”.

At a city council meeting in October , the company claimed the bitcoin mining facility would „stay firmly within the environmental limits set by the state and federal government.“

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France introduces KYC compulsory for Bitcoin brokers

Justitia holds in her hand the scales of justice on which two Bitcoin coins hang. The flag of France can be seen in the background.

In a press release from the French Ministry of Finance, the government has revealed stricter KYC regulations for crypto transactions

On December 9, France’s Finance Minister Bruno Le Maire let the crypto cat out of the bag and updated the lawrevealed, which sets stricter know-your-customer regulations for all crypto companies operating in the country, including for peer-to-peer transactions. The revised version of the law could put an end to the anonymity of the French crypto space.

In order to avoid the rude awakening with the tax return in 2021, it is important to realize losses now, secure liquidity, preventively control tax debts and take a close look at the portfolio.

How it works?

From now on, crypto providers will be forced to validate the identities of their users. Anonymous accounts are banned. Cooperation with national secret services and the freezing of assets will also be made mandatory. France cites general security and attractiveness aspects as a reason, above all the fight against money laundering and the financing of terrorism. In the press release, the ministry refers to a recent break-up of a terror network in September, which is said to have used transactions in digital assets. Crypto providers have until mid-2021 to make the necessary adjustments.

France as a prosperous blockchain location

The recently published report by the EU Blockchain Observatory provides a detailed overview of France’s blockchain economy. The country has a considerable number of blockchain start-ups. They are helped by state subsidies such as aid funds. A state fund has already invested almost 300 million euros in infrastructural projects for young companies in the crypto sector. In addition, there are measures to reduce bureaucracy, such as the PACTE law, which removes barriers to founding startups. France is trying to establish the country as a leading hub in the crypto space.

G7 is in favor of crypto regulations

France is now putting comprehensive regulations for the crypto space into force from next year. The country is thus following the recommendations of the Financial Action Task Force (FATF) and the G7. The finance ministers of the seven most important industrialized nations in the West agreed on Tuesday in favor of regulation. So one could see a press release from the US Treasury Department Inferring that the developing crypto landscape wants to set regulations in order to prevent its use for „malicious purposes and illegal activities“.

5. EU money laundering guidelines as a basis in Germany

With the amendment of the law in France, the government is also following the 5th update of the money laundering guidelines of the European Union, which came into force in January 2020. This directive has also been in force in Germany since the beginning of the year. Since then, crypto providers have been included in the group of obligated parties under the Money Laundering Act in Germany. According to this, for example, credit institutions, insurance companies and now also providers of cryptocurrencies are obliged to keep customers in a transparency register, where proof of identity must be stored. This largely eliminates the anonymity feature that is characteristic of cryptocurrencies, which is now also disappearing in France.

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CTO reveals his crypto portfolio

Ripple Whale David Schwartz: CTO reveals his crypto portfolio

Three crypto currencies in comparison: Bitcoin, Ethereum and Ripple. The picture shows the respective coins ETH, BTC and XRp.

What does the portfolio of Binance CEO Changpeng Zhao actually look like and which crypto currencies does Ripple CTO David Schwartz trade? Even if such Crypto Bank questions have no effect on the development of a crypto currency, it is still interesting to see what the portfolio of the big whales looks like.

In a recent series of tweets, Ripple CTO David Schwartz spoke about his crypto portfolio. Schwartz reveals how many XRP he actually owns and his relationship to Bitcoin and Ethereum.

Ripple CTO David Schwartz: The Crypto-Portfolio

There is probably no doubt that David Schwartz, as Ripple CTO, also has a large amount of XRP.

In a tweet posted last week, Schwartz revealed that he owns more than 1 million XRP. He did not want to reveal the exact number. It is certain that the amount he holds is between 1 million and 10 million XRP.

This means that Schwartz currently has assets of between $660,000 and $6.6 million in XRP.

It is clear here above all that Schwartz, despite his leading position, does not hold any enormous amounts of XRP, although assets of several million are not insignificant.

In addition, of course, there is also his stake in Ripple and the payment in his position as CTO.

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Bitcoin sold for 750$ and ETH for 1$

Schwartz also commented on the subject of failed investments in crypto-currencies during a Quora-Thread.

Probably the majority of readers also made one or the other investment in a crypto currency, which he regrets today. XRP is not excluded at this point.

Schwartz said that he had by far not lost as much as he already earned with crypto currencies. Nevertheless the pure total loss through crypto-currencies, which are now de facto worthless, amounts to about 300,000 dollars.

Conclusion: Even experts make mistakes and lose money. All the more important is a detailed examination before an investment. Rationality is in the foreground here.

The topic of family planning and prosperity was also discussed. Schwartz said that he talked to his wife about a kind of consolidation. In other words: A plan that should secure assets and therefore include less risky investments.

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Passos simples para manter seu criptograma seguro

„Ser seu próprio banco“ não tem que ser difícil – aqui estão algumas dicas de como fazê-lo corretamente

Como o mercado de moedas criptográficas está no meio de uma grande corrida com a Bitcoin (BTC) se aproximando de seus máximos históricos, as preocupações com a segurança do armazenamento de moedas criptográficas estão se tornando mais relevantes do que nunca.

Em 12 de novembro, a Bitcoin – a maior moeda criptográfica do mundo por limite de mercado – ultrapassou pela primeira vez desde o rali de 2017 o limiar de 16.000 dólares, desembarcando o preço BTC a um ATH de 20.000 dólares. Depois de atingir $16.300, a Bitcoin só esteve acima deste preço por 12 dias em toda a sua história.

Como a Bitcoin está agora em seus níveis históricos mais altos e a comunidade criptográfica está antecipando mais recordes em um futuro próximo, é importante lembrar que a segurança das explorações criptográficas depende muito do usuário.

Aqui estão alguns passos simples para garantir que suas moedas criptográficas como a Bitcoin estejam seguras neste mercado de touro.

1. Use a carteira de papel ou a carteira de hardware

Como o Bitcoin permite essencialmente „ser seu próprio banco“, a responsabilidade de armazenar criptografia é principalmente dos usuários. Uma expressão popular na comunidade criptográfica diz „Não suas chaves, não sua Bitcoin“, significando que quem segura a frase-chave de uma carteira, controla as moedas contidas nela.

As carteiras vêm em muitas formas: software, hardware e papel, cada uma com diferentes considerações de segurança.

Como seu nome sugere, as carteiras de software são baseadas em software, permitindo aos usuários acessar seu criptograma instalando aplicações em seus dispositivos móveis ou em um computador. Como tal, as carteiras de software vêm em muitos tipos diferentes como web, desktop, e carteiras móveis.

Embora as carteiras de software sejam frequentemente livres e fáceis de usar, elas não são completamente seguras, pois a maioria delas está de alguma forma conectada à Internet, o que pode torná-las vulneráveis a ataques de hacking ou violações de segurança. Os usuários devem manter seus aplicativos atualizados a fim de reduzir os riscos de possíveis brechas.

Uma carteira criptográfica de papel é essencialmente um pedaço de papel contendo um endereço criptográfico impresso e sua chave privada na forma de códigos QR gerados através de sites de carteiras de papel. Estes códigos podem ser digitalizados para executar transações criptográficas. Uma carteira de papel é altamente resistente a ataques de hacking online e é muitas vezes considerada uma opção de armazenamento a frio.

Uma carteira de hardware é outro método sofisticado para armazenar criptografia, isolando as chaves privadas do usuário da Internet, mantendo-as offline em um dispositivo conectado a USB. Também chamada de cold storage ou cold wallet, uma carteira de hardware está freqüentemente associada a um nível de segurança maior, já que as chaves privadas permanecem completamente offline, o que é projetado para torná-las imunes a qualquer tipo de hacking remoto. Trezor e Ledger são considerados os mais populares fornecedores de carteiras de hardware.

2. Verifique se sua verificação 2FA está em

Não ignore uma camada adicional chave de segurança, esquecendo de ligar a autenticação de dois fatores, ou 2FA, nas configurações de segurança da sua conta de carteira. A 2FA envia um pedido adicional de senha para seu telefone ou e-mail toda vez que você entrar na sua carteira. Ao ativar o 2FA, um usuário impede que um hacker tenha acesso imediato a uma conta de carteira criptografada, pois o hacker também precisará de acesso físico ao telefone ou e-mail do usuário.

O Google Authenticator é um dos aplicativos 2FA mais populares, proporcionando aos usuários uma verificação em duas etapas por telefone.

3. Nunca compartilhe suas chaves privadas

Nunca dê suas chaves privadas ou uma frase de semente a ninguém. Ao fazer isso, você estaria essencialmente dando as chaves do castelo. Lembre-se de que empresas de criptografia respeitáveis nunca lhe pedirão suas chaves, mesmo quando estiver tentando ajudá-lo a resolver problemas.

4. Certifique-se de que a carteira do destinatário esteja correta

Verifique sempre um endereço do destinatário antes de proceder com uma transação. Um simples erro de uma carta pode direcionar sua transação para outra carteira. Em contraste com alguns serviços financeiros tradicionais, a maioria das transações criptográficas são irreversíveis. Alguns malwares também são capazes de mudar o destino correto de seu criptograma, portanto uma dupla checagem dos detalhes da transação nunca é redundante.

5. Não caia em esquemas de doação

Nunca caia em ofertas que soem como „nos envie Bitcoin e receba o dobro de seu Bitcoin de volta“. Este tipo de ataque é bastante comum no Twitter, com atacantes que freqüentemente se fazem passar por celebridades, políticos ou personalidades criptográficas prometendo dobrar a fortuna criptográfica do usuário.

Como este tipo de ataque é freqüentemente associado com os recém-chegados ao cripto, ele pode obter ainda mais exposição com uma crescente adoção do criptograma. Em julho de 2020, os hackers online conseguiram coletar pelo menos 12 BTC em um hack de alto nível de contas no Twitter como Elon Musk, assim como o candidato presidencial americano Joe Biden de 2020.

6. Usar transações menores e trocas diferentes

Não envie um monte de criptogramas em uma única transação quando você precisar comprar ou vender criptogramas em uma troca de criptogramas. Se você precisar transacionar uma grande quantidade de dinheiro em criptografia, é melhor dividi-la em várias transações para ter certeza de que uma troca está funcionando corretamente.

Embora todas estas camadas de segurança e verificação dupla possam parecer tediosas, elas são a chave para garantir que seus fundos permaneçam seguros.

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Bitcoin’s best ETFs to keep an eye on in 2021

An ETF, or exchange-traded fund, is a financial tool used to track the performance of traditional assets: we list here the best options for Bitcoin and cryptomorphic ETFs currently on the market

Investment firms have started offering ETF products for Bitcoin. The world’s leading cryptomeda has really earned its position as „something that’s here to stay“ and so far proved its critics wrong about its longevity. The US SEC has shown some hostility towards Bitcoin in the past, having rejected several Bitcoin ETFs since 2017, and it is unlikely that it will approve a Bitcoin ETF, at least until cryptomoeda proves that it pleases the committee.

As Bitcoin and cryptomoeda increasingly appear on the radar of investors with a traditional business background, products such as ETFs will encourage them to invest in cryptomoeda without having to compete with portfolios, withdrawals, deposits and the volatility of cryptomoeda markets.

However, concerns about digital asset price manipulation have prevented the emergence of a fully regulated product so far.

Here we list the top 3 2020 Bitcoin ETFS that we believe will prove their worth by 2021.

Bermuda Stock Exchange ETF

The world’s first Bitcoin ETF product was launched in Bermuda. After the US SEC repeatedly blocked applications for Bitcoin ETFs, the Bermuda Stock Exchange (BSX) launched its exchange on 18 September 2020.

The fund tracks a „portfolio of crypto and blockchain-based assets that are tracked by the index.

Up to 3 million E-class shares are expected to be available for trading, although it is unclear which cryptocracks are tracked by the fund. The shares will cost $1,000 each – so this may not be suitable for those who do not have the capital to take the risk and invest in the fund.

Hashdex CEO Marcelo Sampario said Bermuda was chosen because of its cryptomore-friendly regulatory environment and that the ETF will „speed up the entry of institutional investors into this segment. It is a trend that is becoming more and more concrete“.

Gibraltar Stock Exchange

The other recent addition to the potentially growing list of Bitcoin Evolution ET is one on the Gibraltar stock exchange. Called „The Bitcoin Fund“, this ETF is targeted at investors based in Europe, according to the BTC Times.

First launched in Canada, where the ETF is currently being traded, the fund will now be a source of investment for European investors concerned about the current unstable global economy and rising inflation, as Covid continues to have an impact on the global economy.

In addition, the fund facilitates entry for investors who wish to expose some of their portfolios to the growing crypto market without having to navigate using hardware portfolios or manipulate private and public keys.

3iQ, the fund’s issuer to the Gibraltar Stock Exchange, claims that the ETF is one of the first Bitcoin regulated ETFs in the world to reach a fully regulated exchange in Europe. 3iQ’s CEO, Fred Pye, said this opens the door to sovereign wealth funds and pension funds wishing to access a fully regulated Bitcoin product that offers some security for investments outside the wild west of the cryptomeda market.

Pye added that, „Being listed on the Gibraltar Stock Exchange extends the reach of the Bitcoin Fund in the growing European digital asset market and continues the wave of momentum that defined the exciting progress of 3iQ during the first half of 2020.

Greyscale Investment Fund

Although not strictly an ETF, this fund deserves a mention. Grayscale has earned headlines in recent weeks for its purchase of cryptomeda to add to its reserves and AUM (asset under management)

Greyscale currently holds an astonishing $10.4 billion in AUM in cryptomime assets – just over a year ago, in December 2019, the company held only $1 billion in AUM to put this into perspective.

Some of these gains are due to increases in the crypto market, but the company’s accumulation is still impressive, to say the least.

Investing in the fund means investors can benefit from a bond rather than direct exposure to crypto markets.

Of its products offered, Grayscale Bitcoin Trust (GBTC) remains the most popular for now.

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