#start a crypto exchange business

[cryptobusinessideas]

Wanna have a lucrative business module in 2023?

Discover the Impact of P2P crypto Exchange Development that could drive you to Launch a high profit business

Read this article: https://medium.com/geekculture/impact-of-p2p-crypto-exchange-development-in-2023-313c45008907

[mountttmase]

Every Second Of Everyday

Note - I’m running out of fics 😭 this one was never supposed to see the light of day but here we are. I hope you enjoy and I’d love some feedback 🩷

Pairing - Mason Mount x Reader

Word count - 6k

Warnings - angst, fluff & smut

‘So yeah I mean Its really easy, you just have to buy in the dip but obviously you need to know when that is, I can totally teach you if you want me too”

‘Oh yeah sounds… super interesting’

Not.

Listening to a man you’d only met properly an hour and a half ago waffle on about crypto currency and NFT’s was not how you imagined your Wednesday would be going. You had no idea what he was going on about, and you didn’t care either. Disappointment had flooded through you from about ten minutes into the date, he seemed so different from when you’d been messaging. He barely asked you anything about yourself and spent the whole time trying to explain, or rather boast, to you what he did for a living.

‘I’m just popping to the loo, be back in a sec’ he smiled as he stood from his chair. You smiled back and nodded lightly, watching him walk away from you as you let out a quiet sigh of relief. Thankful you were finally alone but not two seconds later you felt your phone vibrate in your pocket. You quickly pulled it out to check it wasn’t an emergency, having not looked at it the whole way through lunch, not wanting to be rude, but the name that flashed up was the last person you thought it would be.

Mason

What the hell did he want?

You and Mason were… complicated. You knew how you felt about him and you were pretty sure he felt the same but for some reason nothing has ever come of it. You’d grown up best friends with Lauren James and her bother Reece, so it was inevitable you’d meet Mason sooner or later. Reece had always mentioned him growing up to the point where you felt like you knew him already sometimes, but you kept yourself slightly separate from that part of their lives, wanting to be the escape from football.

The moment of you meeting Mason came just under six months ago. The season had been over for a week and Reece was throwing a party at his house meaning Lauren insisted you came with her. Reece introduced you to Mason within the first ten minutes of you stepping in the door and you were hooked on him from the first look.

You obviously knew who he was but you tried to play it cool and make out you didn’t. Mason bought your calm exterior hook, line and sinker, telling you that you weren’t like most of the girls he meets at these things. You spent most of that night in his company, laughing at his stupid attempts to make you smile and falling for those gorgeous brown eyes every time you looked in them. He wasn’t anything like you thought he’d be, you were expecting an ego the size of a truck to match his perfect face but as time went on you realised he was just a normal guy who did a not so normal job. You exchanged numbers at the end of the night, him kissing your cheek promising to text you the very next day and you didn’t expect anything from him with how busy he was yet when you woke up the next day with a message from him your tummy had erupted into butterflies.

It had all started out so well, cute texts here and there and promises of seeing each other as soon as you could but nothing ever materialised. You got it, he was Mason Mount and you were you but it didn’t mean it hurt any less. The texts mostly dried up, only checking in with each other here and there and only seeing each other at social events. You’d made peace with the fact nothing probably would ever happen yet that didn’t stop him from getting his way when he wanted.

He would always make eye contact with you from across the room when you were together, smirking cheekily when he noticed the blush taking over your cheeks as his come to bed eyes raked over you hungrily. He liked the fact he could do that to you and he seemed to make it his mission to tease the life out of you. His hands always finding your waist as he passed behind you, or sitting as close as he could to you on the sofa so he could run his fingers over your thighs.

You loved and hated every second of it.

You thought he was unbelievably attractive and it only took a flash of his perfect smile to get you hot under the collar. Every time his tongue poked out between his lips to wet them made your knees weak and you were pretty certain no other boy had made you feel like this before. It wasn’t all bad, and you soon fell for his goofy playful side. Admiring the way he was always making people, yourself included, laugh at his stupid jokes and sometimes it seemed like he didn’t have a fear of making himself look like a prat. You found him awfully endearing when he wasn’t trying to get under your skin so the stupid little crush you had on him didn’t face in the slightest.

But in the last two months it had become unbearable. He was a lot braver with his actions and one night after a little bit too much to drink he’d cornered you in the kitchen, pressing feather light kisses to the top of your shoulder from behind you and slowly making his way up your neck as you were trying grab a glass. No words were exchanged as he pressed his lips to your skin, knowing he’d followed you in hoping to catch you alone and If it hadn’t been for the loud crash coming from the other room you would have let him carry on. It seemed to snap him out of whatever trance he was in though and after giving you a quick wink he turned on his heel and left you stood flabbergasted.

You told yourself that night that whatever game he was playing was over. You weren’t one to stick up for yourself, clearly, but you couldn’t stand another second of him having this weird hold over you without it leading anywhere. The next morning you dowloaded a dating app, telling yourself you needed to get out there and meet some different people and see what happens. Show him that he wasn’t free to keep dangling ideas in front of your face without acting on them.

Which is how you need up in this situation today.

Charlie had seemed nice when you matched him a few days ago. He was cute and and he made you laugh but being sat opposite him was a complete other story. This was the third different date you’d been on in a month and you were starting to loose all hope of finding anyone that made you feel a fraction of what Mason did.

You sighed as you unlocked your phone to see what he wanted but your blood ran cold as you opened up the message.

It was you.

Well the back of you anyway, sat in the exact place you were right now. You slowly turned round and your eyes locked onto his right away, sat three tables back and slightly off to the left. You whipped back around before he could do anything else and tried to calm you racing heart.

What are the bloody chances?

As soon as you finished your thought, your phone buzzed again. Another text from Mason coming through.

Why is this happening to me?

You chose to ignore it, locking your phone and turning it over, hoping he would see you’re not in the mood to talk to him. He didn’t get the hint though and you groaned under your breath as his final text come through.

You hated to admit that his assertiveness made you clench your thighs together, but there was no way in hell you were going home with him. Well that’s what you told yourself anyway.

Charlie returned from the loo soon after and after a small back and forth, you agreed to let him pay for lunch. He was putting his pin in when you saw Mason heading for the door, sending you a small smile as he made his way outside. You continued looking at him as he said goodbye to his friend and made his way over to his car. The only thought in your brain being about how good he looked in something as simple as a black T-shirt and cargos, one of your favourite things to see him in and you only snapped out of your trance when Charlie let out a small cough.

‘Sorry, I was in my own little world there’ you apologised with a smile and he just smiled in return. ‘You up too much the rest of the day?’ You enquired, hoping he was so you could make a swift exit and thankfully for you he nodded.

‘Unfortunately yes, I need to get back home and check my stocks, but I’ve really enjoyed this, we’ll have to do it again some time’ he smiled and rather than let him down gently you just nodded, gathering your things so you could get out of there and away from him as quickly as possible. He walked you to the door and put his arm around you awkwardly before leaving a light kiss on your cheek. ‘See you around then y/n’. He smiled and all you could do was smile back before he walked off, thankfully in the opposite direction than you needed.

Now you were rid of him, there was one other person you needed to send on their way before you could go home and think over your life decisions whilst drowing yourself in the tub of ben and Jerrys in your freezer.

You eyes scanned over to Masons car, still parked up, and you walked to him slowly. Telling yourself to be strong and get it over with quickly and once you were at his drivers side window you tapped on it lightly three times before the window came down revealing a slightly confused looking Mason.

‘What you doing? your doors on the other side’ he winked ‘come on, get in’

‘Yeah about that, I don’t think it’s a good idea I’m just gonna head home. I’m sure you’ve got better things to be doing anyway’ you told him. Not meaning for it to come out sounding so bitter and clearly Mason picked up on it, his smile quickly turning into a frown.

‘Hey, what’s that supposed to mean?’

You just shrugged and he studied your face for a second before he opened his door. You stepped back slightly but he grabbed your arm, pulling you back to him, slotting you in-between his legs as he sat side on.

‘Come on, I haven’t seen you in ages. Why don’t you wanna hang out?’ He asked quietly. He was giving you his best puppy dog eyes they were really working on you, he looked genuinely upset you didn’t want to spend time with him. His hands planted themselves on your waist, his thumbs rubbing gentle circles just under your top. His gentle touch was making you fold and he knew it. “Please y/n, just for a little while? I promise I’ll take you home after’ he pouted, and you cursed at yourself in your head for giving into him so quickly but you couldn’t think straight when his hands were on you and he was looking at you like he was.

‘Fine, but I can’t stay long’ you lied. You had all day free, you just weren’t sure you’d be able to handle a whole afternoon of his antics.

He gave you that cheeky smile he always did, but released you so you could jump into his passenger seat. The whole ride to his house was perfect, this was the Mason you liked, no teasing or getting you flustered for his own entertainment. He asked you how you’d been and he seemed genuinely interested when you answered, a stark contrast from the lunch you had just endured and he seemed just as excited to fill you in on everything you’d missed out on in his life recently.

Once you’d arrived at his, he led you through to the kitchen to grab you both a drink, telling you to make yourself comfy on his sofa. You’d been to his house a handful of times but always with other people, today being the first time it was just the two of you and you’d be lying to yourself if you said you weren’t nervous. You tried to relax into the corner of the L shaped sofa, telling yourself you’re just catching up with a friend and there was nothing to fret over. Mason soon returned and placed your drink down on his coffee table before flopping down right next to you, his thigh pressed right up against yours and his arm resting across the back of the sofa behind you. You could feel the tips of his fingers stroking over the material of your top making you even more dazed than before.

‘So you gonna tell me who that was you were having lunch with?’ He asked. You could tell by the tone of his voice he was on a mission to poke fun at you now and you sighed quietly. Knowing it was too good to be true that maybe for once you could just be normal with each other.

‘Just a guy’

‘What’s his name?’

‘Why do you care?’

‘Just curious’ he smirked. You knew he was trying to get at you so you thought you’d try and match his energy.

‘His name is Charlie, he’s a crypto billionaire’ you tried to say confidently but as soon as the words flew out your mouth you wished you could of stuffed them back in. Like Mason would care how much money he had? Charlie didn’t even have a fraction of a billion but you were desperate at that point to make him a little jealous. You mentally face palmed yourself when you saw Masons eyebrow twitch up into somewhat of an ammused smirk.

‘Right… and how did you meet Charlie the crypto king?’

You didn’t want to tell him how, but the longer you sat there trying to think of another way you knew he wouldn’t believe you, so you just went with the truth.

‘We matched on hinge’ you said quietly, avoiding his gaze, but you head shot up when you heard his little giggle. ‘What’s so funny?’

‘Oh come off it y/n, what’s a girl like you doing looking for guys on hinge?’

‘What do you mean a girl like me?’ You scowled. You were starting to get really annoyed with him, hoping he’d choose his next words carefully so you didn’t blow up in his face.

‘I just didn’t think a gorgeous girl like yourself would look twice at any of the guys on there’ he said with a shrug. You tried to brush past the compliment but you could feel your cheeks burning up already, knowing it was giving Mason a kick to see the effect his words had on you. ’He was nowhere near good enough for you, I could tell by the way you were sitting you weren’t feeling it. Its like you’re boredom was radiating across the room’

‘Oh yeah cause you know so much about me Mason’

‘Id like to think so, yeah’ he winked, the hand resting on his thigh now making its way onto yours. You had to ball your fists at your sides in order to keep calm. ‘If you wanted a lunch date you could of always called me, I know you’d rather have me sat opposite you’

‘You’re unbelievable’ you growled, finally rising to you feet and and making a beeline for the door.

‘Hey come on y/n don’t be like this, I’m only messing’ He teased as he jumped up after you and reached out for your arm to stop you, but you’d finally had enough. Seeing red, you yanked your arm out of his grasp and turned to face him. Ready to give him a piece of your mind.

‘You know what Mason? Yeah maybe he was a bit boring but at least he had the guts to ask me out’

‘What’s that supposed to mean?’

‘All you do is lead me on, you make me feel like you like me and then you go cold on me its fucking exhausting. Do you think I want to be meeting up with randomers off hinge?’ You barked at him. He seemed slightly taken aback by your outburst but his eyes were looking at you hungrily. He’d never seen this side of you before and he was loving it. ‘You’re so full of yourself all the time, thinking you can just invite me back here and i’ll come running? I’m so sick of your shit-‘

Before you could think about what was happening, Mason had pulled you into him and his lips were on yours. Slowly walking you back until you were pressed up against the nearest wall, one hand on your waist, the other lightly wrapped around your throat.

He kissed better than you ever imagined he could and you cursed yourself for moaning into his mouth. The feel of his smile on your lips frustrated you even more than you thought possible and his mouth soon detached from yours as he flipped you round. Your chest now pressed to the wall, his front leaning into your back and you could just start to feel him hardening against your bum.

‘This what you wanted from me yeah?’ He whispered into your ear. You turned your face to try and look at him over your shoulder, but his lips on the other side of your neck made you close your eyes. He could feel the way your breathing was getting shallower as his fingertips raked up your side and he was eager to see just how far he could push you. ‘You still sick of my shit or you want me to keep going?’

‘Keep going’ you whimpered quietly, the words coming out your mouth before your brain could figure out what you wanted to say, and you felt him smile against your neck.

‘Good girl’

‘Im not your good girl, mase’ you countered but you knew you were just lying yourself. You always had been and you always would be.

He turned you back round and tucked your loose hairs behind your ears before leaning down and kissing you again lightly. ‘We’ll see’ he breathed into your mouth. ‘Go sit back down for me yeah?’ He asked but you waited a moment, both looking at each other to see who would break first but you could tell he wasn’t budging so you silently made you way back over to his sofa. Your fingertips touching your lips as you still couldn’t believe after all this time you’d finally kissed him.

He stood studying you for a few seconds before following you over, however instead of taking up his seat from before, he knelt down infront of you. Parting your knees and slotting himself in between them. His hands came to rest on either sides of your hips and his face now dangerously close to yours.

‘I know we’ve got some things we need to talk about, but can you please let me make you feel good first?’ He whispered, kissing you again softly. ‘I think it’s just best we get this out our system cause there’s no way I’ll be able to concentrate on anything serious if all I can think about is what’s under these clothes’

You were having an internal battle, obviously you wanted him but would it just make everything afterwards more difficult? Was he just saying this to get one over on you? He could see you were struggling with what to do so he kissed your neck trying to show you how much he needed you.

‘Please baby, just a taste’ he whispered just below your ear and you felt your whole body erupt in goosebumps. Fuck he was good. It was like he knew exactly what to say and do to you. You knew you were wrapped around his finger but up until now you hadn’t realised how much. ‘You can trust me I promise’

Could you trust him?

The only thing on your mind was the thought of him getting you down to your underwear and then him telling you it’s all a joke. That this was just a new low for him to try and get one over on you but you knew Reece would kick him into next week if he ever tried something like that and the look in Masons eyes also settled you a bit.

You wanted to say no but you you were too caught up in him finally giving you what you wanted. Thinking to yourself, even if this is all you ever got from him then you’d find a way to live with it. You just couldn’t refuse him when he was in between your thighs, promising to make it worth you while. So you nodded and kissed him back, a little deeper this time, parting your lips so he could slip in tongue in when he silently asked for permission.

God he was so good at this, you thought as his hands came to rest at the waistband of you jeans. Why the hell haven’t we done this sooner? if I had to pick between breathing or kissing Mason, I think id choose the latter.

His fingers slowly made their way to the button on your jeans, and he pulled back, looking at your face to make sure you were still comfortable. You nodded at him so he carried on, unzipping you before tapping your thigh so you would lift your hips in order for him to rid you of them. Next to come off was your top, leaving you with only your bra on underneath, thanking the lord you’d decided to put a nice one on this morning. Feeling your slight discomfort at being the only one without clothes on, he peeled his own top from his body, tossing it over the back of his sofa.

You’d seen pictures of his body before and knew what it looked like under certain things but seeing it like this in person made your mouth water. He was flawless.

His kisses resumed and then he made his way down your neck, across your collar bones and down your chest. As he mouth was nearing where you needed him, you sank back into the cushions. You felt his lips dance across the band of your underwear before he hooked his thumbs under and pulled them down you legs.

‘So fucking perfect’ he murmured between kisses over your hips and thighs, the sound of his voice made your tummy flip with anticipation.

You were torn between looking at him or laying back and just enjoying it, so you grabbed and cushion and stuffed it behind you, giving you the perfect view of what he was about to do to you. You were growing impatient with his gentle kisses on you inner thighs, wishing he would just burry his face in you already so you threaded your fingers through his hair and attempted to guide him to where you needed him. You felt him smirk against you, placing one final kiss against you before giving you what you wanted.

He teased your folds apart slowly with his tongue, and when he made contact with your clit, circling over it slowly a few times, you let out a pent up breath you hadn’t realised you’d been holding.

You couldn’t help his name falling off your lips and he moaned into you at the sound. A sound he’d been waiting forever to hear. You felt your breathing deepen as he got into his rhythm, bringing his fingers up to spread you apart even further. Your moans for him only growing louder and it was all the encouragement he needed to keep going, eventually slipping those same fingers inside of you to heighten your pleasure.

‘You taste so fucking good’ he growled and pumped his fingers into you a little faster, hitting the spot that made you cry out. ‘That feel good baby?’

‘Yes Mase, so fucking good, please keep going im so close’

If you weren’t so horrifically turned on then you might have been embarrassed about how quickly he’d managed to get you to this point but you didn’t care. You felt too good to think about anything else.

‘Come on baby, be good for me and cum’ he moaned against you and you thought in that moment you you would have done anything he asked you to. Why did he have to be so good at everything?

It only took a few more seconds and you were cumming over his fingers, his mouth still working on you to ride you through it, and when he felt like you’re breathing had calmed down, he kissed his way back up your body to you lips. You let out a small hum as you tasted yourself on his lips, a slight giggle coming from you and you tried to hide in his neck out of embarrassment. He couldn’t help but laugh himself as he sat down next to you, pulling you into his lap, both slightly overwhelmed with what had just taken place. He reached behind him for the blanket he kept there, wrapping it around the both of you.

After a few moments of silence you felt his lips lightly press on your forehead before he muttered the words ‘i’m sorry’

Ah shit.

This was part you were dreading. The first thought coming to mind was him telling you he’s sorry for making you think the two of you could be anymore than you already were. You told yourself you were fine with it, but the feeling of your heart sinking told you you weren’t.

He must of felt your disappointment, his arm tightening around you slightly whilst his other hand cupped your jaw, tilting your face up to look at him. His eyes looked soft and from the slight smile that played on his lips you thought it best to see what he had to say rather than get up and run.

‘All the cocky bullshit with you, it’s always just been a front. Truth is, the way you make me feel scares the shit out of me’ he told you gently. Your eyes pleaded with him to carry on, but the tsunami in his tummy was holding him back. He rested his head on top of yours and closed his eyes, figuring it might be easier to tell you how he felt if he wasn’t looking straight at you.

‘I’ve liked you from the first moment I saw you. Before that even’ he chuckled. ‘Recce talked about you all the time and I’ve always wanted to meet you but you make me more nervous than anyone else I’ve ever known. I think about you every second of everyday and I kick myself that I’ve never been able to just grow a pair and tell you’

You could feel his heart racing in his chest, the tempo matching your own at his words. You slowly stroked your thumb over his hand in an attempt to calm him so he could carry on, your gentle touches only making him fall for you even more.

‘I guess I just thought if we carried on the way we were then I’d still sort of have you. Like the fear of you rejecting me was worse than only having you a little bit’ he chuckled and you nuzzled into his neck a little at his confession. ‘I didn’t mean to make you feel as bad as I did though, half the time I wasn’t even trying to tease you I just wanted to be near you. I know I should of just asked you how you felt but if you haven’t noticed I’m not all that smart sometimes’

You shifted on his lap so he’s had to look at you, you noticed the pink tinge to his cheeks from all of his confessions and all you wanted to do was kiss him. His smile mirrored your own and you were now ready to share your feelings in the same way he just had.

‘Why don’t you ask me now?’

‘Huh?’

‘Ask me how I feel about you’

He took in a deep breath and shook his head lightly with a smile, almost like he couldn’t believe what he was about to do. ‘How you do you feel about me, y/n?’

Come on girl, you got this.

‘I think about you every second of everyday, too’ you whispered, causing him to giggle and burry his head in your hair. ‘It’s true, I’ve always liked you Mase. Maybe I could have been a bit braver and told you first but I couldn’t get the words out. I didn’t know for sure you liked me the way I like you and I guess I was kinda the same? I was alright with having you a little bit but that fear of rejection was holding me back’ you told him and you felt him nod into your hair and hold you that tiny bit closer. ‘I didn’t wanna go on dates with other guys but I couldn’t take not having you anymore and figured it would be a good distraction so I could move on from you but no one ever made me feel like you do’

He moved again so he could look at you, his thumb stroking over your jaw softly and a slight look of guilt dressed his face. ‘I’m sorry I made it get to that point I never meant to make you feel that way. I hated seeing you out with someone else today like it proper hurt but I suppose it gave me the kick up the backside i needed.’ you chucked and turned your face in his hand to kiss his palm. It felt amazing to finally be this close to him but the little voice in the back of your head was stopping you from fully enjoying it. Mason must have sensed your change and tilted your face back up towards his. ‘What’s wrong?’

‘Nothings wrong, just what happens now? Where do we go from here?’

‘Well if you’d let me, I’d love to take you for dinner tonight. Like a proper date?’

‘Two dates with two different men in one day, what will people think of me’ you teased and he just laughed at your silliness.

‘Yeah well I’m saying this mornings one didn’t count. I have a funny feeling you won’t be seeing Charlie the crypto king any time soon’

You felt your face flush in embarrassment but his lips on your cheek made you smile. You snuggled into him more and he moved to lay down taking you with him and after a few moments of silence you felt his breathing getting heavier so you kissed his chest and settled down next to him.

‘Wake me up in ten minutes’ you heard him say softly and you tried to hold your giggle in at his antics.

‘Sure thing Mase’ you whispered and lent back as the face you adored slowly drifted off.

[mariacallous]

On a dead-end road that climbs out of the tiny city of Jenkins, in the foothills of the Appalachian Mountains in Eastern Kentucky, there stands a large warehouse with a mint green roof. It shares the road with a few other businesses, but is otherwise surrounded by an expanse of open fields and tree-lined slopes. Inside, the warehouse is stacked high with racks on racks of computers—thousands of them. But none have ever been switched on.

The warehouse is owned by Mohawk Energy, a company cofounded by Kentucky state senator Brandon Smith in 2005, originally to resculpt landscapes disfigured by coal mining. After lying dormant for a period, Mohawk was reincarnated in 2022 when Smith struck a deal with HBTPower, a company then owned by Chinese crypto exchange Huobi, which wanted to use the warehouse for a bitcoin mining operation.

Under the deal, Mohawk promised to fit up its warehouse with the necessary power infrastructure, operate the equipment, and funnel any bitcoin produced to HBT. In return, HBT would pay Mohawk a monthly hosting fee, a cut of its mining revenue, and the associated energy bills.

Smith says he hoped the arrangement would generate tax revenue and create jobs for former coal miners, who could be trained as repair technicians. The coal industry departed Jenkins long ago, the reserves depleted, leaving people in search of work. More than a third now live below the poverty line, per the latest census data. “I liked the idea of going from one type of mining to a new type,” says Smith. “I thought, now in Eastern Kentucky we are going to have our time—we’re going to catch up and play a part in the tech future.”

But after a promising start, the relationship between Mohawk and HBT soured and then fell apart. “Nothing has ever been turned on. It’s a fascinating, almost Willy Wonka–type atmosphere when you walk through,” says Smith. “It has turned into a disaster.”

In November 2023, HBT brought a lawsuit in federal court, alleging that Mohawk had breached its contract on several fronts, including by failing to install the appropriate power infrastructure and secure certain power subsidies, and attempting to sell off the mining equipment. “Ultimately, the source of the current dispute is Mohawk’s basic failure to comply with its obligations, not only in a timely way, but at all in many regards,” says Harout Samra, a specialist in international dispute resolution at law firm DLA Piper and representative for HBT.

Mohawk sued HBT in return, contesting the various alleged breaches and claiming that HBT is delinquent on more than $700,000 in rent, labor, and fit-up costs. The company is also seeking damages relating to the loss of income over the term of the contract and the inability to bring a new tenant into the facility while the equipment remains on-site. “Huobi simply made a bargain it believes now is a bad one, and wants to get out of it without paying the funds it owes,” the filing states.

The legal conflict, which remains unresolved, is just one in a series of fights between Chinese companies and the owners of industrial facilities in the rural US over failed bitcoin mining partnerships. What looked to facility owners in Kentucky like an irresistible opportunity to tap into a new line of business in an otherwise fallow period has turned into a nightmare. They claim to have been saddled with unpaid hosting fees and energy bills worth hundreds of thousands of dollars, with few options for recovering the money. The Chinese parties have been left equally displeased. “HBTPower obviously regrets that this opportunity has ultimately played out the way it has,” says Samra.

The bitcoin mining game—a race between computers to win the right to process a bundle of transactions and claim a crypto reward—is dominated by large corporations that own and operate industrial-scale facilities. But in 2021 and 2022, smaller-scale operations began to proliferate in the US countryside wherever there was available power, including in Kentucky. “A lot of mom-and-pop shops opened up,” says Phil Harvey, CEO at Sabre56, a firm that consults on crypto mining projects and operates its own facilities. “Appalachia has always been a good source of power.”

These small facilities were plugging a gap in the market. A ban on crypto mining in China had left businesses casting about for a new home for their many millions of dollars’ worth of mining equipment. “A lot of wealthy Chinese businesses were affected,” says Harvey. “Every minute these machines are down, they are losing revenue.” Meanwhile, as the price of bitcoin ballooned—and the profitability of mining along with it—mining firms and investor groups began to hoard large quantities of bitcoin mining equipment of their own, says Harvey, without considering where they might deploy it.

In an overheated market, holders of mining equipment jumped into hosting arrangements at short notice with owners of small facilities, some of whom had no prior experience and insufficient expertise, who agreed to install the equipment and run the mining operations on their behalf.

But the haste with which these hosting relationships came together, in the name of striking while bitcoin was hot, says Harvey, set many of the partnerships up for failure. There was limited due diligence conducted by parties on both sides, delays in kitting out facilities and deploying equipment, and disputes over payment terms, he says, among other points of friction. “It's a snowball effect where everyone just ends up getting pissed off with each other,” says Harvey.

Though the American market proved more expensive and bureaucratic than some Chinese businesses expected, says Harvey, problems were also caused by the hubris of facility owners, some of whom found themselves in over their heads. “It’s no joke running a [bitcoin mining] operation of any kind of scale,” he says. “Just because the Chinese are tough to do business with, doesn’t mean they are the ones in the wrong. I would say that blame is equally shared.”

The law firm acting for Mohawk in its dispute with HBT, Anna Whites Law Office, has represented multiple owners of small facilities in Kentucky in similar legal conflicts with Chinese partners. The cases differ from the Mohawk situation, says attorney Anna Whites, founder of the firm, but share a common thread: “We saw a pattern that [companies with ties to China] would ship in machines with uncertain provenance, mine very heavily for three months, then run without paying the bill,” she claims.

Some of the cases settled out of court; Whites is unable to supply the details for reasons of client confidentiality. But others continue to drag on.

Biofuel Mining, a company formerly co-owned by Smith, is involved in legal tangles with two companies that Whites believes to be run out of China: Touzi Tech and VCV Power Gamma. Although both are incorporated in Delaware, per SEC filings, they conduct business in Mandarin and cannot be reached at their listed US addresses, Whites claims. “It's pretty standard for the foreign entities from any country to get a short-term office so that they have less scrutiny from US investors and government agencies,” she says.

In both cases, Biofuel claims, the firms shipped equipment from China to its hosting facility in Eastern Kentucky, then walked away with the bitcoin produced, leaving behind hundreds of thousands of dollars in unpaid energy bills and hosting fees.

Biofuel reached a settlement with Touzi in early 2022 for $60,000, but despite having handed back the mining equipment, it claims not to have received the sum it is owed under the agreement.

In the still-unresolved spat with VCV, Biofuel received permission from the Martin County Circuit Court in Kentucky to sell off the mining equipment, claims Whites, to recoup a portion of the funds it is owed (she has not confirmed the amount), but she alleges that no damages have yet been awarded. VCV has stopped responding to communications, she claims.

Biofuel has since dissolved, put out of business by the failed hosting ventures. “I literally lost my house—I lost everything. It financially ruined me,” says Wes Hamilton, former Biofuel Mining CEO. “I’m just so frustrated about the whole thing.”

WIRED contacted VCV and Touzi for comment, but did not receive any response.

There are few financial recovery options for companies like Mohawk and Biofuel. The situation is made more difficult, as in the Mohawk case, if they are dealing with so-called special purpose entities. Because they are set up by their parent companies for a single specific business venture, these entities need not be concerned about their long-term ability to operate in the US.

“It certainly can be more difficult to recover damages from a non-US counterparty,” says Kim Havlin, a partner in the global commercial litigation practice at law firm White & Case. “There is certainly a risk that an entity that doesn’t need to be in the US may just ignore the case.”

Even if the Kentucky facility owners win out in court, it could be difficult to collect any damages awarded. “A judgment is essentially a piece of paper. Any judgment needs to be turned into assets or cash in order to be valuable,” says Havlin. If the opposing party refuses to pay up and has no US assets to collect against, sometimes that isn’t possible.

Almost a year after the dispute began, the Mohawk case is stuck in legal limbo. In a setback for Mohawk, the presiding judge recently denied its motion to dismiss HBT’s complaint, on the basis that it had failed to sufficiently back up its argument. The judge also pushed Mohawk’s countersuit into arbitration, a forum for resolving disputes privately instead of in open court. Non-US parties tend to prefer arbitration as a way to “remove a home forum from both sides,” explains Havlin. “You can pick an arbitral seat in neither country as a means of creating a neutral playing field.” A parallel federal court hearing is set for December to consider whether an injunction should be imposed on Mohawk, preventing it from selling off the remaining HBT equipment in its possession.

Smith has given up on the idea of recovering the full amount he claims to be owed. “We’re at the point that it’s almost silly to even be arguing about breaking even,” he says.

In an interview with PBS that aired in September 2023, touting the Mohawk Energy facility, Smith said he hoped to prove that not every business that blew into Jenkins would abandon the area. “I’ve stood at their ribbon cuttings, then watched them leave. I’d like to do something to let people know that not everybody is like that,” he said.

After the relationship with HBT collapsed last year, Smith faces the prospect of Mohawk becoming yet another false start. With the facility inactive, the company has been forced to dismiss the former coal miners brought on as technicians. (It is unclear how many people it employed.)

The Mohawk facility was perhaps never set to revitalize Jenkins in the way Smith hoped, anyway. “I would say that a rural community benefits very little from a bitcoin mining facility. In terms of job creation, it’s minimal in a lot of cases,” says Harvey, the consultant. “It's certainly not the savior to a dwindling community.”

Nonetheless, Smith remains hopeful of salvaging the crypto mining project, with a new partner. “I’m hoping that this gets settled in the way that it should and that somebody comes forward and lets us go through with the vision that we wanted for this region,” he says. “I hope every day that maybe some big company will see that there's a place ready to go in this part of the country.”

Otherwise, Mohawk’s dalliance with bitcoin mining will become a cautionary tale. “It was very hurtful to see these families lose their income. We were one of the biggest payrolls in Jenkins,” says Smith. “It adds insult to injury that I’m sitting here arguing in court.”

[dappfortglobal3]

Launch Your Own Crypto Platform with Notcoin Clone Script | Fast & Secure Solution

To launch your own cryptocurrency platform using a Notcoin clone script, you can follow a structured approach that leverages existing clone scripts tailored for various cryptocurrency exchanges.

Here’s a detailed guide on how to proceed:

Understanding Clone Scripts

A clone script is a pre-built software solution that replicates the functionalities of established cryptocurrency exchanges. These scripts can be customized to suit your specific business needs and allow for rapid deployment, saving both time and resources.

Types of Clone Scripts

Centralized Exchange Scripts: These replicate platforms like Binance or Coinbase, offering features such as order books and user management.

Decentralized Exchange Scripts: These are designed for platforms like Uniswap or PancakeSwap, enabling peer-to-peer trading without a central authority.

Peer-to-Peer (P2P) Exchange Scripts: These allow users to trade directly with each other, similar to LocalBitcoins or Paxful.

Steps to Launch Your Crypto Platform

Step 1: Define Your Business Strategy

Market Research: Identify your target audience and analyze competitors.

Unique Value Proposition: Determine what sets your platform apart from others.

Step 2: Choose the Right Clone Script

Evaluate Options: Research various clone scripts available in the market, such as those for Binance, Coinbase, or P2P exchanges. Customization: Ensure the script is customizable to meet your specific requirements, including branding and features.

Step 3: Development and Deployment

Technical Setup: Collaborate with developers to set up the necessary infrastructure, including blockchain integration and wallet services.

Security Features: Implement robust security measures, such as two-factor authentication and encryption, to protect user data and transactions.

Step 4: Compliance and Regulations

KYC/AML Integration: Ensure your platform complies with local regulations by integrating Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols.

Step 5: Testing and Launch

Quality Assurance: Conduct thorough testing to identify and fix any bugs or vulnerabilities.

Launch: Once testing is complete, launch your platform and start marketing it to attract users.

Advantages of Using a Notcoin Clone Script

Cost-Effective: Using a pre-built script is generally more affordable than developing a platform from scratch.

Faster Time to Market: Notcoin Clone scripts are ready to deploy, significantly reducing development time.

Customization Options: Most scripts allow for extensive customization, enabling you to tailor the platform to your needs.

Conclusion

Launching your own cryptocurrency platform with a Notcoin clone script is a viable option that can lead to a successful venture in the growing crypto market. By following the outlined steps and leveraging the advantages of Notcoin clone scripts, you can create a robust and secure trading platform that meets user demands and regulatory requirements.

For further assistance, consider reaching out to specialized development companies that offer Notcoin clone script and can guide you through the setup process

[pilawturkey]

Fintech Consultancy in Turkey

FinTech consultancy paves the way for a progressive change in terms of banking, technology and digitalization. An efficient FinTech consultancy will provide the compliance of FinTech-led engagements with national and international law-centric standards and rules. That will directly increase legalized integration of FinTech ecosystem into daily banking.

What is the meaning of FinTech?

The term “FinTech” describes emerging electronic payment methodologies based on the automation and facilitation of payment systems. The word FinTech contains a broad form of money transfer models such as electronic money institutions, payment institutions, digital banks, online insurance agencies, and crowdfunding platforms. The term of “Financial Technology (FinTech)” is used to refer to integration of technology into the exchange of goods and services. FinTech, dedicated to the development of faster and better delivery of financial services, is very different in many ways from traditional financial services.

What is the main objective of Turkish FinTech ecosystem?

The main objective of FinTech ecosystem is to facilitate and accelerate shopping and trade. There are several advantages of alternative virtual payment methods. There is a growing agreement that FinTech will play a substantial role in the payment ecosystems across the world. By virtue of those benefits, as of February 2023, 739 FinTech-led companies have been formed in Turkey according to recent studies by the Presidency of Republic of Turkey as a part of Turkish FinTech ecosystems. That displays the growing impact of FinTech Turkey.

What are main challenges of Turkish FinTech ecosystem?

The usage of FinTech presents a broad range of challenges especially where it touches on the use of crypto-currencies such as bitcoin.  The invention of digital money and digital payment services platforms have newly caused severe problems in capital markets.

Data privacy and the protection of personal information has been a matter of concern in the field of FinTech intellectual property. Data privacy implies the right to make any decision on when, how and to what extent personal and|private information can be communicated to outsiders. Generally speaking, the collection, processing, the supervision, and protection of the confidentiality of personal data are guaranteed by domestic legislation across jurisdictions. The right to data privacy is recognized to cover a broad range of rights including the right to access to their data, a right to portability, a right to be forgotten, and a right to share or not.

For more discussion about data privacy take a look at our article on the Right to Data Privacy and Respect for Private Life

FinTech ecosystem is particularly used for banking and FinTech restructuring services. For more discussion for banking and finance, take a look at our article on Banking and Finance Law in Turkey

What is the most recent developments for the 2024 Turkish crypto business environment?

Regulatory ecosystem has been improved step by step by Turkish policy and law makers. Such revisions will pave the way for adaptation of Turkish legal and operational structure with blockchain. In this context, it is notable that the digital participation banking system is accepted by Turkish lawmakers in Turkey.

As a second step, the recognition of digital wallets was completed through new regulation of the Central Bank of the Republic of Türkiye. In this way, a Digital Wallet Era in Turkey was started in Turkey.

As a third step, we should take into account new facilitating step for Capital Markets system. Indeed,  the 2024 New Electronic Submission System for Turkish Capital Markets was instituted by the Capital Markets Board of Türkiye.

It is critical to note that Turkey accepted its commitment of the full compliance of the emerging capital markets system in line with the Financial Task Force   benchmarks dedicated to the prevention of money laundering and terrorist financing. In line with the FATH principles, as a fourth step, the Law Numbered 7518 on Amendments to the Capital Markets Law Numbered 6362 has been enacted. The Law Numbered 7518 is named as Crypto Law of Turkey and entered into force following its publication in the Official Gazette dated July 2, 2024.

Take a look at our up-to-date article on the 2024 FATF Decision on Turkey

Turkish Capital Markets Board is granted a wide margin of appreciation to govern newly-born blockchain system in Turkey. In this context, fiftly, the first decision on the 2024 Announcement for the Rejected Crypto Asset Platforms was delivered by the Board dated 23 August 2024.

Last but not least, the Resolution by Turkish Capital Markets dated 19 September 2024 was published particularly in relation to the legal status of NFTs and P2Ps in Turkey. The Resolution in question explains the meaning of Non-Fungible Tokens [NFTs] [nitelikli fikri tapu in Turkish] as “crypto assets that will be used to record the representation and ownership of digital assets, a non-replicable and unique nature”. When it comes to Peer to Peer [P2P] [eşler arası in Turkish], it is used to refer to digital marketplaces allowing the buying, selling and exchanging of crypto assets directly between direct|main users.The same Resolution also identifies the standards for the accounts to be opened in the name of customers under Article 35/C. Any account to be opened in the name of customers cannot be used for purposes other than their intended purpose. Additionally, customer cash cannot be received by the platforms, cannot be delivered to the customer by hand and cannot be stored in any way with the platforms.

Which authorities are competent for Turkish FinTech ecosystem?  

The Banking Regulation and Supervision Agency is granted an authority to ensure the compliance of the banking activities in line with the Banking Law and other applicable regulations. According to Article 93 of the Banking Law, the Agency is granted certain powers and duties for the implementation of the Banking Law.

Secondly, the Turkish Revenue Administration carries out certain duties dedicated to regulating payment systems.

Thirdly, the Personal Data Protection Authority, engaging in the protection of personal data processing in line with internationally recognized human rights standards.

Besides, the Payment and Electronic Money Institutions Association carries out a broad range of duties in Turkey under Article 1 of the Law Numbered 6493.

With regard to the design and implementation of FinTech norms applicable in Turkey, take a look at our article on FinTech Guide in Turkey.

What is the role of FinTech consultancy services?

Innovative approach needs to be improved in order to handle current legal challenges regarding FinTech. FinTech consulting firms must be good at producing FinTech legal guidance.

Pi Legal Consultancy provides comprehensive guidance to global digital leaders, companies, business owners and consumers for particularly risky sides of Turkish FinTech ecosystem. Our FinTech legal and business consultants focus on understanding and using specialized software instruments through computers and smartphones.

Our FinTech consultancy service assists our clients particularly in the following areas of expertise:

Electronic money (e-money) and cryptocurrencies, digital foreign exchange platforms,

Digital (participation) banking, electronic payment or loan services,

Data protection and privacy, information security,

The prevention of money laundering,

The prevention of cybercrimes,

Electronic commerce and online shopping,

The protection of the right to copyright and intellectual property.

[trader-sg112]

Premarket U.S. Stock Movers: Tesla, Macy’s, Coinbase, Nio, Shell, Amazon 

In today's early trading, the U.S. stock market is already buzzing with notable movements among key players. Investors and analysts are closely monitoring the premarket activity of several prominent stocks, each showing distinctive performance dynamics.

Tesla (NASDAQ) has started the day on a positive note, with its stock rising by 1.8%. This upward movement follows recent market optimism surrounding Tesla's innovative developments in electric vehicles and sustainable energy solutions. As a pioneering force in the automotive industry, Tesla continues to capture investor interest with its innovative technological advancements and ambitious growth strategies.

Macy’s (NYSE) is another standout performer in the premarket, showcasing a robust 6.8% increase. This surge reflects renewed investor confidence in the retail giant's ability to navigate challenges and capitalize on evolving consumer trends. Macy's ongoing efforts to enhance its digital capabilities and strategic initiatives in omnichannel retailing are positioning the company for sustained growth in a competitive market landscape.

Coinbase (NASDAQ), however, faces a 4.6% decline in its premarket trading. The cryptocurrency exchange platform is experiencing volatility amidst regulatory scrutiny and market fluctuations in digital assets. Despite its leadership in the digital currency space, Coinbase's stock performance underscores the inherent volatility and regulatory uncertainties impacting the crypto industry.

Nio (NYSE), known for its electric vehicle offerings, is witnessing a 2.3% decrease in its American Depositary Receipts (ADRs) during premarket trading. This decline comes amid broader sectoral challenges and market sentiment towards growth stocks in the EV sector. Nio continues to navigate through supply chain disruptions and competitive pressures as it strives to expand its market presence globally.

Shell (LON) ADRs, representing Royal Dutch Shell, have shown a modest 1.1% rise in premarket trading. As a global energy leader, Shell's stock performance reflects investor sentiment toward energy markets and macroeconomic factors influencing oil and gas prices. The company's strategic focus on sustainable energy transitions and operational resilience in a dynamic energy landscape remains pivotal amid evolving market conditions.

Amazon (NASDAQ), a cornerstone of e-commerce and cloud computing services, is demonstrating a minor 0.3% change in its premarket activity. Amazon's stock movement reflects ongoing investor sentiment towards tech giants amid regulatory scrutiny and competitive pressures in digital retail and cloud computing markets. The company continues to innovate across its business segments, driving growth and adaptation to evolving consumer behaviors.

Today's premarket movements highlight the diverse dynamics shaping the U.S. stock market. Investors are navigating through a mix of sector-specific trends, regulatory developments, and macroeconomic factors influencing stock performance. As market participants analyze these early signals, the day's trading session promises to offer further insights into the evolving landscape of global financial markets.

[unlimitedbutchworks]

its actually so nice seeing other trans women complain about the tumblr lesbian culture of transmisogyny on here back then like 2016ish shit. like ultimately i was more busy with the insanity of finishing high school life but in the background tumblr was like the only site i used and i took feminism and lesbianism really seriously and wanted to engage with them but the atmosphere was tranfem-hostile so often on here and nobody cared. like i remember how so many people followed and would reblog from known barely even crypto terf types and be like “yeah their politics suck but the feminism is important we still have to talk about male privilege etc etc males are evil pornsickness”.

so many transfems desperately craved validation and a lot of those people weaponized that by tokenizing them in exchange for their agreement with insane shit. “no no, im not being transphobic, these complaints calling so and so a pedophile for reblogging anime are actually coming from my trans women mutuals im just boosting their voice!!” shit was fucking vile man so much awful shit and harassment and othering got sent at unlucky trans women it was just really gross. people making examples of other people left and right. dont get me started on the genital preference discourse either

[valentinaruth273]

Coinbase Clone Script - The Best way to start a Crypto Exchange like Coinbase

The crypto market is growing at a rapid pace with the huge rise in the number of people across the globe making use of crypto exchange platforms for trading cryptos, investing cryptos, etc. So, there is a great demand for crypto exchange platforms these days, and seeing this massive growth of the crypto sector many proprietors show interest in plunging into this flourishing sector. So it's the right time for you as a founder/aspiring entrepreneur to take advantage of the opportunities waiting. Take your crypto exchange business like Coinbase to the market with ready-made solutions and cater to crypto traders and investors.

But, How to build such a feature-rich crypto exchange like Coinbase? will be the question that will strike your mind now. A readymade and quickly customizable Coinbase clone script is the best choice to build a full-fledged crypto exchange within a short span of time and within the budget. This is because a ready-to-use Coinbase clone will include key functions to arrive at an outstanding crypto trading platform meeting your crypto exchange business concepts. What is Coinbase Clone Script? Coinbase clone script is the ready-made user-to-admin cryptocurrency exchange clone script of the Coinbase exchange. Coinbase clone script covers a similar user interface, plug-ins, and existing features of Coinbase. It is a multi-tested script, so it helps you to create and launch a high-grade crypto exchange like Coinbase within 10 days. Plurance's Coinbase clone script is a 100% customizable solution. By using our reliable Coinbase clone script, you can do certain modifications to themes, designs, features, and more based on business requirements. In addition to this, our Coinbase clone script uses high-level security features. So your crypto exchange will be more secure and reliable. Features of Coinbase Clone Script Responsive User Interface Transaction history Communication channels for traders Two-factor authentication Two-factor authentication Robust escrow wallet Multiple crypto support Multiple payment methods Device management Regular notifications Admin Portal KYC verification Secured content management system Two-factor authentication Anti-DDoS security SSL injection CSRF protection HTTP authentication Lock registry And More Why Choose Plurance For Your Crypto Exchange Business? In the cryptocurrency industry, Plurance is a premier Coinbase clone script software provider. We excel at providing an unparalleled range of crypto exchange clone script software solutions for all popular exchanges. So far, we've supported several crypto startups as well as entrepreneurs in launching a feature-rich cryptocurrency exchange like Coinbase.

We have a team of well-experienced front-end & back-end developers, Quality analysts, Android & iOS developers for the Coinbase clone app development, and project engineers to structure your crypto exchange project as per your business concepts. Our team of experts has rich expertise in delivering White label crypto exchange clone scripts for various crypto exchange business models over the years. Our reliable Coinbase clone script includes many interesting functionalities and state-of-the-art technologies to arrive at a complete crypto exchange like Coinbase. Want to create clones of popular crypto exchange like Coinbase for your crypto exchange business? You must put an end to your search here. You can have fully prepared clones/ clone scripts to reach the correct users by engaging with us. With a few clicks, you may create a clone of popular crypto exchanges such as Coinbase, Binance, Paxful, Remitano, and so on. So, if you want to establish a crypto exchange similar to existing ones like Coinbase, contact us to get a best-in-class Coinbase clone development service for developing a crypto exchange like Coinbase according to your requirements.

Book A Free Demo @ Coinbase Clone Script

[cryptokimee]

Top 7 Cryptocurrencies To Buy In India In April 2023

If you’re considering investing in cryptocurrencies in India, you’re in luck. As of April 2023, the crypto market is heating up, and there are several great options available for investors. Here are the top 7 cryptocurrencies to buy in India this month:

Bitcoin (BTC): As the world’s first and most well-known cryptocurrency, Bitcoin remains a popular choice among investors. It has a market capitalization of over $1 trillion and is widely accepted as a form of payment. In India, Bitcoin is widely available for purchase through exchanges like WazirX and CoinDCX.

Ethereum (ETH): Ethereum is the second-largest cryptocurrency by market cap and is known for its smart contract capabilities. It has a robust developer community, and many other cryptocurrencies are built on its blockchain. Ethereum is also widely available for purchase in India through exchanges like CoinSwitch and ZebPay.

Binance Coin (BNB): Binance Coin is the native cryptocurrency of the Binance exchange and is used to pay for trading fees on the platform. It has seen significant growth in the past few years and has a market cap of over $100 billion. BNB is available for purchase on several exchanges, including Binance and WazirX.

Cardano (ADA): Cardano is a blockchain platform that aims to provide a more sustainable and scalable solution than existing cryptocurrencies. It has a market cap of over $70 billion and has gained a lot of attention in recent months. ADA can be purchased on exchanges like CoinDCX and Bitbns.

NavC token (NavC): NavC is an ERC-20 utility token designed to serve as the native cryptocurrency of the NavExM trading ecosystem. NavExM is a positive cashback centralized cryptocurrency exchange that provides trading and investing in crypto, NFT, and stablecoins.

Dogecoin (DOGE): While not taken as seriously as some other cryptocurrencies, Dogecoin has a large following and has seen significant growth in recent years. It started as a joke, but it has gained a lot of attention from the likes of Elon Musk and other high-profile figures. DOGE is available for purchase on several exchanges, including WazirX and Bitbns.

In conclusion, investing in cryptocurrencies can be a risky business, so it’s essential to do your research and understand the risks involved. However, with the growing popularity of cryptocurrencies in India, nowycould be an excellent time to get involved. The top 7 cryptocurrencies to buy in India this month are Bitcoin, Ethereum, Binance Coin, Cardano, NavC, Dogecoin, and Solana. Good luck with your investments!

[abhibijender]

Money Making idea in 2023

As an AI language model, I can suggest some general ideas that could potentially be profitable in 2023. However, please keep in mind that the success of any business or money-making idea ultimately depends on various factors, such as market demand, competition, resources, and execution.

E-commerce: With the increasing trend of online shopping, starting an e-commerce business could be a profitable idea. You can consider niche products or services, such as customized products, eco-friendly products, or luxury items.

Digital Marketing: As more businesses go online, the demand for digital marketing services is likely to grow. You can offer services such as search engine optimization (SEO), social media marketing, or email marketing.

Cryptocurrency: With the growing popularity of cryptocurrencies, starting a business related to digital currencies, such as a crypto exchange, wallet, or consulting service, could be a viable option.

Health and Wellness: As people become more health-conscious, there could be opportunities in the health and wellness sector. You can consider starting a business that offers fitness classes, healthy meal delivery, or wellness coaching.Artificial Intelligence (AI): As AI technology continues to advance, there could be potential in starting a business that utilizes AI in various fields, such as healthcare, finance, or education.

Sustainable living: With the increasing awareness of climate change and environmental issues, there could be opportunities in the sustainable living sector. You can consider starting a business that offers eco-friendly products or services, such as renewable energy solutions or sustainable fashion.

Virtual reality (VR) and augmented reality (AR): With the growing popularity of VR and AR technology, starting a business that utilizes these technologies in various fields, such as entertainment, education, or healthcare, could be a viable option.

Remember, these are just some general ideas, and it is important to conduct thorough research and analysis to identify a specific niche and evaluate the feasibility of your business idea.

[fitmintwear]

FTX Fiasco: Rise and Fall of Bankman-Fried

The cryptocurrency market has experienced a whirlwind of activity over the last week, which will be remembered for a great many years. Unquestionably, 2022 will be remembered as one of the key and pivotal years in the development of the cryptocurrency market. This is due to the fact that the cryptocurrency industry was finally taken seriously and discussed on a global scale for the first time since the creation of Bitcoin back in 2008–2009. Terms like cryptography and Web 3.0 were becoming more widely used by non-technical people as well.

The Axie Infinity Ronin bridge attack, the Terra LUNA crash, and the collapse of the FTX exchange, one of the second-largest cryptocurrency exchanges by volume in the world, were among the worst crashes of 2022. In this article, we will be taking a closer look at the timeline of events and understand what led to the collapse of the FTX exchange and the fall of the man who was once hailed as the savior of the crypto world- SBF.

Who is SBF- Sam Bankman-Fried?

SBF, also known as Bankman-Fried, was, until recently, the up-and-coming star of the cryptocurrency world with a net worth of $26 billion as he quickly joined the Bloomberg Billionaires Index. Bankman-Fried was raised in California by his parents who were Stanford Law professors. He completed his undergraduate work at the Massachusetts Institute of Technology in math and physics before working on Wall Street. He started FTX two years after founding Alameda Research in 2017.

What is FTX?

FTX (short for “Futures Exchange”) was a platform where users can purchase and sell digital assets like bitcoin, ether, and Dogecoin. Platforms like FTX rose in popularity in recent times as more and more people sought to invest in cryptocurrencies without having to deal with the technical aspects of it.

The rise of FTX

The exchange paid for flashy television commercials with A-list celebrities to promote itself as a secure and simple way to invest in cryptocurrencies. In addition to this, Bankman-Fried also purchased the advertising space in uniforms and sporting venues for Major League Baseball officials. The 2019-founded business gained international notoriety very quickly thanks to a number of aggressive marketing tactics, high-profile acquisitions, and low trading fees.

With the promise that they could invest their money in accounts and earn significantly higher yields than at conventional banks, even those who were unfamiliar with the technology were seduced by FTX. Major venture capital firms joined in and invested nearly $2 billion in the business. The 30-year-old founder of FTX, Sam Bankman-Fried, rose to prominence as the face of the business and, to some, of cryptocurrency in general. FTX was difficult to miss due to celebrity endorsements and significant sports sponsorships.

The Fall of FTX

It was only a matter of moments how the cryptocurrency market boomed after SBF launched FTX. Bitcoin’s price, which had previously fluctuated around $10,000, skyrocketed in 2021 and reached a high of more than $64,000. Venture capital funds poured into everything blockchain-related and digital currency-related, and crypto platforms shifted to draw users beyond the technologists and blockchain enthusiasts who had previously propelled its rise.

From its late 2021 highs, when it was generally considered to be a leading indicator of the larger cryptocurrency market, the price of bitcoin has fallen sharply. It currently trades for about $16,000. While it strongly affected the value of other cryptocurrencies and tokens, many significant platforms had already closed due to the general decline in the crypto industry. However, FTX appeared to be immune, even going so far as to acquire some of its faltering rivals.

But when CoinDesk, a cryptocurrency-focused digital media website, published the balance sheet of Alameda Research, a crypto investing company that also belonged to Bankman-Fried, things started to change. It revealed that Alameda had a sizable amount of FTT, a virtual currency developed by FTX. Even though the FTT had a certain market value, Alameda would be in danger of going bankrupt if the price dropped.

CZ (Changpeng Zhao), CEO of the cryptocurrency exchange Binance, a competitor of FTX, declared on November 6 that his business would offload all of its FTT tokens as a result of the leak of Alameda’s balance sheet. FTT’s cost dropped significantly. Many FTX users moved to remove their funds from the platform as the price fell.

The crypto community was already on edge despite the fact that the full extent of the connections between Alameda and FTX was not yet known. In the end, several billion dollars were poured out of FTX by people who rushed to withdraw their money before it ran out of funds. On November 8, FTX barred users from withdrawing funds from the system, which marked the fall of FTX. Not only did it shake the volatile crypto market, declining its overall market capitalization below $1 trillion, but also left some deep scars on the whole international crypto community that will have repercussions for years to come.

For More Interesting blogs like this visit our website : https://epillo.io/

[cryptosoftindia]

Best Cryptocurrency Exchange Development Company In India

For More Details Please Contact

Call / Whatsapp: +91 6385108373

Website: www.cryptosoftindia.com

1/124, DLF IT Park Rd,

Ramapuram, Chennai.

Pincode: 600116

Best Cryptocurrency Exchange Development Company In India

As the crypto-based economy expands and cryptocurrencies become a more integral part of our daily lives, cryptocurrency exchange development is becoming more and more popular. The full range of tasks performed by our blockchain development team to create, implement, and manage a cryptocurrency exchange software solution is referred to as cryptocurrency exchange software development.

 

A leading cryptocurrency exchange development company, Crypto Soft India implements the full cycle of cryptocurrency exchange software development services to bridge the gap between your application and user expectations. The company has a demonstrated track record of successful projects across various crypto domains. By utilising cutting-edge blockchain technology to create safe, scalable, user-centric cryptocurrency exchange software products, our blockchain professionals analyse client requirements and develop them into solutions that are ready to be deployed.

 

Development of Cryptocurrency Exchanges: A $1 Billion Opportunity

Cryptocurrencies are no longer just a millennial man's hobby; they are a cutting-edge innovation on the cusp of becoming widely accepted. Because of its potential, people have come to assume that it will endure even in the most difficult market situations.

 

Cryptocurrency, which was developed in the wake of the severe financial crisis to give individuals back control over their finances, is now poised to create a new financial paradigm that is very secure, transparent, easy to use, quick, decentralised, and unchangeable. It has established itself as a perfect transaction medium as well as an investment choice because to its vast features.

 

Due to these advantages, demand for cryptocurrencies has been rising quickly, as has the need for bitcoin exchange software. Set up your golden goose with the aid of a crypto exchange development business if you are a startup, developing SME, or established organisation interested in profiting from the changing face of finance.

 

Why Choose Crypto Soft India for Services in Cryptocurrency Exchange Development?

As a top provider of Crypto Currency exchange development services Crypto Soft India focuses on creating reliable, unique cryptocurrency exchange service solutions.

High security requirements and a variety of payment options are used in the development of cryptocurrency exchange systems.

As of now, We has started developing blockchain-based cryptocurrency exchanges that use cutting-edge order-matching algorithms and strong liquidity to guarantee the execution of high-volume orders for all currency pairs.

You may be sure that all of the technical requirements and the stress associated with setting up and maintaining the exchange will disappear once you contact Crypto Soft India. Our professionals are quite accurate when constructing and verifying each component.

 

Platform Development Services for Cryptocurrency Exchanges

Developed Centralized Exchange

Development of Decentralized Exchange

Development of P2P Exchange

Bitcoin Exchange Growth

Developing Derivatives Exchange

Development of the Margin Trading Exchange

Development of Non-Fungible Token Exchanges

Development of Security Token Exchange

Development of Over-the-Counter Trading Platforms

Services for Cryptocurrency Exchange Offered by Crypto Soft India

Development of cryptocurrency wallets

You may construct a wallet for digital currencies like Ether, Bitcoins, Lite coins, and others with the assistance of our skilled crypto exchange developers.

Integration of payment gateways for cryptocurrencies

Our team of skilled Blockchain engineers can also offer integration with the relevant Blockchain of supported Cryptocurrencies.

 

Integration of the Fiat Currency Payment Gateway

By integrating the fiat currency payment channel for cryptocurrency transactions at the created exchange, we also provide solutions.

API interface for cryptocurrency exchanges to update prices

offering a layer of infrastructure for cryptocurrency APIs that enables users to control their orders, view their history, and make withdrawals utilising exchange API. Worldwide updated prices for crypto currencies relative to fiat currencies are also made available by the integration of exchange APIs like BittRex and Binnace.

 

Generation of Tokens

We build a framework for IEO projects so that tokens can be created in accordance with ER-20 rules and traded by investors on the Exchange.

 

What services may an Crypto Soft India -developed cryptocurrency exchange solution offer?

All of Crypto Soft India cryptocurrency exchange development solutions are scalable, secure, faultless, useful, and simple to configure. key characteristics are;

 

access to cutting-edge trading features

Decentralized cryptocurrency trading

Dual-factor authentication

Bug-fix

reports and graphs displaying changes in analysis

24/7 client assistance

 

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[mariacallous]

Faruk Fatih Özer stood in front of a passport control officer at Istanbul Airport, a line of impatient travelers queuing behind him. He pulled his face mask below his chin for the security camera. Surely he was nervous. The 27-year-old had unruly black hair, a boy-band face, and a patchy beard. Normally he overcompensated for his callow features by dressing in a pressed three-piece suit. But this spring day he wore black trainers and a navy-blue sweater hastily pulled over a white polo shirt, as if he had dressed in a dash. A small backpack was slung over his right shoulder. He looked like someone who could have been going on a last-minute day trip—or someone planning to never come back. At 5:57 pm on April 20, 2021, the guard stamped his Turkish passport and Özer shuffled through the crowd to Gate C, a flash drive containing a rumored $2 billion (£1.6 billion) in crypto stashed in his belongings.

After Özer’s plane reached Tirana, Albania, at 9:24 that night, he checked into the Mondial, a popular 4-star business hotel in the capital’s commercial district. A couple of days later, he looked at his social media accounts. A mob was very angry with him: Customers couldn’t access their money on the exchange Thodex, where he was founder and CEO, and people were accusing him of absconding with their funds.

Özer posted a public letter to his company’s website and his social accounts. “I feel compelled to make this statement in order to respond urgently to these allegations,” he wrote. The accusations weren’t true, he said. Thodex—which had nearly half a million investors and $500 million (£400 million) in daily trade volume—was investigating what Özer claimed was a suspected cyberattack that caused “an abnormal fluctuation in the company account.” Assets would be frozen for five days while Thodex resolved the issue. This was terribly bad timing for the big business deal he said he was en route to make: selling the company, or so he had told some employees and his brother and sister before he left. All would be made right. “There will be no victims,” he promised. “I personally declare that I will return to Turkey within a few days and ensure that the facts are revealed in cooperation with judicial authorities and that I will do my best to prevent users from suffering.” Of course, there was this possibility too: He was in the midst of pulling off the biggest heist in Turkey’s history.

Before dawn the day after Özer posted the letter, police squads fanned out across Istanbul and public prosecutors opened an investigation. Law enforcement arrested 62 people, including Thodex employees at all levels of the company—and Özer’s older brother and sister, Güven and Serap. Interpol issued a red notice, a request for law enforcement worldwide to find and “provisionally arrest” Özer pending his extradition to Turkey. Search teams deployed across Albania, Montenegro, Kosovo, and North Macedonia. There were reported sightings of the dark-haired young man across Tirana, rumors that he had gone to a poultry farm, that an executive from the Albanian football league was sheltering him. Soon, the Albanian police arrested people accused of aiding and abetting him. But no one seemed to know exactly where Özer was.

Özer had vanished at a particularly precarious time in crypto’s annals: In the weeks leading up to his disappearance, so-called rug pulls—when a cryptocurrency exchange or altcoin developer absconds with investors’ funds—had crypto investors around the globe flabbergasted. The CEO of Mirror Trading International, a crypto trading company based in South Africa, defrauded users of more than $1 billion, then skipped town; TurtleDex, an anonymous decentralized finance storage project on Binance, reportedly vanished with $2.4 million; another decentralized finance project, Meerkat, reportedly fleeced investors out of $31 million (of which they paid back 95 percent). Blockchain analysis firm Chainalysis ranked rug pulls as the primary scam of 2021, accounting for 37 percent of all cryptocurrency scam revenue that year, up from 1 percent the year before.

Thodex was at the top of that roster, and nearly every major outlet from Bloomberg to Newsweek published headlines like “Turkish Crypto Exchange Goes Bust as Founder Flees Country” and “Turkish Cryptocurrency Founder Faruk Fatih Özer Seen Fleeing Country With Suspected $2 Billion From Investors.” CoinGeek called it “the biggest scam in the digital asset industry in 2021.” The New York Times’ headline read, “Possible Cryptocurrency Fraud Is Another Blow to Turkey’s Financial Stability.” In Turkey, the country I now call home, people were reeling: For years, crypto had been built up—largely by Özer but by others too—as a way out of economic volatility. Now it seemed like just another way to lose your life savings. But something felt off to me, like the whole story wasn’t being told.

[techinfo-blog]

Cryptocurrency Exchange Script: A Game-Changer for Entrepreneurs in 2025

Cryptocurrency exchanges are key to the blockchain revolution in the quickly changing digital economy. A cryptocurrency exchange script provides a quick, affordable, and scalable means for business owners wishing to enter this exciting market to start a fully functional trading platform. These scripts are changing the game for startup endeavors as 2025 approaches.

Cryptocurrency exchange script: what is it?

A pre-made software program that incorporates all of the essential aspects of a cryptocurrency exchange, including wallet integration, trading engine, user registration, and security features, is called a cryptocurrency exchange script. Because these scripts are adaptable, business owners can modify their platform to target particular specialized markets or business needs.

The Reasons Behind the Use of Cryptocurrency Exchange Scripts by Entrepreneurs: 

Cost-effectiveness: It takes a significant investment in infrastructure and development to start a cryptocurrency exchange from scratch. By providing a pre-made solution, cryptocurrency exchange scripts drastically save development expenses.

Faster Time-to-Market: Timing is crucial in the crypto industry due to fierce competition. Entrepreneurs gain a competitive edge by launching their exchange in a matter of weeks due to a pre-built script.

Customizability: Scripts for cryptocurrency exchanges nowadays are quite adaptable. To differentiate themselves in the market, entrepreneurs might incorporate cutting-edge features like margin trading, staking, and DeFi choices.

Robust Security: To ensure user confidence and regulatory compliance, these scripts are pre-configured with security features including two-factor authentication, DDoS protection, and encrypted transactions.

Scalability: Scalable scripts make sure your platform can easily manage more traffic and transactions as the number of cryptocurrency users rises worldwide.

How Entrepreneurs Are Empowered by Cryptocurrency Exchange Scripts

The promise of cryptocurrency exchange scripts for business owners in 2025 extends beyond simple cost reduction. They democratize access to the cryptocurrency market, making it possible for startups to compete with well-established firms. Entrepreneurs can use scripts to develop customized platforms that cater to the growing popularity of blockchain innovations such as tokenized assets, NFTs, and decentralized finance (DeFi).

Conclusion

By 2025, the crypto exchange script will serve as a strategic enabler for business owners rather than merely a tool. It facilitates innovation and growth in the constantly growing blockchain ecosystem by streamlining development, cutting expenses, and offering scalability. Aspiring businesspeople should seize this opportunity to capitalize on its potential and establish themselves in the cryptocurrency sector.

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[pilawturkey]

The 2024 Announcement for the Rejected Crypto Asset Platforms

The 2024 Announcement for the Rejected Crypto Asset Platforms has been newly made by the Capital Markets Board (hereinafter as the Board) dated 23 August 2024. That decision was published in the Board Bulletin No: 2024/42.

Table of Contents

Introduction

What is the meaning of Financial Technologies?

What is the news for the 2024 Announcement for the Rejected Crypto Asset Platforms?

Recent Progress for the 2024 Turkish Crypto Business Environment in Turkey

Conclusion

Introduction

The 2024 Turkish Crypto Law is in effect as of July 2, 2024. A new term was started after the adoption of the Law Numbered 7518 “known as the Turkish Crypto Law” revising the Capital Markets Law Numbered 6362 as of July 2, 2024. All legal practitioners including Turkish business lawyers have focused on main features of crypto asset platforms and upcoming benchmarks and standards by the Board. This article will present a useful summary of the recent Board decision on the 2024 Announcement for the Rejected Crypto Asset Platforms.

What is the meaning of Financial Technologies?

Financial technologies (FinTech) environment has improved very quickly over the last 20 years across the globe. The term “FinTech” is used to refer to emerging electronic payment methodologies and systems such as electronic money institutions, payment institutions, digital banks, online insurance agencies, and crowdfunding platforms and blockchain such as crypto currencies. It is very significant to underscore at this juncture that the terms for crypto wallet, crypto asset, crypto asset storage service and crypto asset exchange platform as well as crypto assets service provider were made in Article 1 of the Law Numbered 7518. It is mandatory to obtain a permission from the Board for the establishment and operation of crypto service providers.

For our work and all legal services on the matter of financial technologies, please click our “Practice Areas”, titled, FinTech For a comprehensive discussion on the FinTech Environment in Turkey, take a look at our article on FinTech Guide in Turkey For more discussion for the importance of FinTech for banking and finance, take a look at our article on Banking and Finance Law in Turkey

What is the news for the 2024 Announcement for the Rejected Crypto Asset Platforms?

There is recent progress on the 2024 Announcement for the Rejected Crypto Asset Platforms. The Board announced its decision for the list of crypto platforms whose declaration applications have not been considered or have been directly rejected. The announcement is available in Board Bulletin 2024/42.  The applications of 32 crypto providers have been removed from processing on the grounds of incomplete or insufficient submission of the requested explanations and documents. The applications of 32 more crypto asset platforms have not been processed on the grounds of the lack of any customers and/or customer storage balances as of the application date.

See also our previous article on New Turkish Crypto Law 2024

Recent Progress for the 2024 Turkish Crypto Business Environment in Turkey

In Turkey there has been a broad range of developments for the improvement of financial technologies. As a first step, the digital participation banking system is accepted by Turkish lawmakers in Turkey.

As a second step, the recognition of digital wallets has also been completed by means of new regulation of the Central Bank of the Republic of Türkiye. In this way, a Digital Wallet Era in Turkey started.

As a third step, the 2024 New Electronic Submission System for Turkish Capital Markets was instituted by the Capital Markets Board of Türkiye.

Turkish policy-makers took a commitment of the full compliance of the emerging capital markets system in line with the Financial Task Force standards and principles designed for the prevention of money laundering and terrorist financing. Therefore, fourthly, the Law Numbered 7518 on Amendments to the Capital Markets Law Numbered 6362 has been enacted. The Law Numbered 7518 is regarded as Crypto Law of Turkey and enters into force following its publication in the Official Gazette dated July 2, 2024.

Take a look at our up-to-date article on the 2024 FATF Decision on Turkey

Fiftly, the first decision on the 2024 Announcement for the Rejected Crypto Asset Platforms has been delivered by the Board dated 23 August 2024. 

Conclusion

Considering the above, it is critical to outline that the Board is granted a wide margin of appreciation and authority to manage crypto asset regime. Totally 64 application processes were stopped by the Board because of the lack of necessary requirements in the 2024 Announcement for the Rejected Crypto Asset Platforms. Undoubtedly, investment advice through the comprehensive assistance of Turkish business lawyers is seen as a considerable component of FinTech crypto investors in Turkey.

[dappfortglobal3]

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