Bitcoin convention Miami 2022 – Logic, Steve Aoki, and Run The Jewels to play at Sound Money Fest crypto convention

THE “world’s first Bitcoin music festival” and “Shark Tank” will likely be held on the 2022 Miami crypto convention, which began on Wednesday.

The music competition is known as Sound Money Fest, and it’ll function a number of artists, together with Logic, Steve Aoki, and Run the Jewels. The competition will shut out the convention on April 10.

The Bitcoin convention is being held on the Miami Beach Convention Center from April 6 to April 9, and on the primary day, a techy model of Wall Street’s Charging Bull was unveiled and stole the present, tweets from the convention revealed.

More than 6,000 business leaders, 80 totally different audio system, and greater than 4,000 corporations are set to participate within the occasion, in keeping with the convention web site.

The convention will even function a “Comedy Hour,” starring Hannibal Buress.

Interestingly, on the occasion’s first day, the worth of Bitcoin was down. Bitcoin noticed a value change of -3.66 % over the previous 24 hours as of Wednesday morning and had a value of $44,941.97, in keeping with Coinbase.

Read our Bitcoin 2022 stay weblog for the newest information and updates…

  • What are pink flags of scams?

    Gizmodo shared that different pink flags of the SQUID coin being illegitimate was that the web site that the creators launched was full of spelling and grammatical errors.

    The crypto’s telegram channel additionally didn’t permit feedback from outsiders, and its Twitter account didn’t permit customers to answer to posts, which Gizmodo flagged as suspicious.

  • How to examine for blockchain scams

    Cryptocurrencies function on blockchain networks.

    Scammers typically declare their blockchain is “in development” or “about to be released,” however all authentic cryptos can have an accompanying web site to confirm the forex.

    Users can kind the title of the crypto into any search engine with the phrase “blockchain explorer” or “blockchain scan” to search out the related blockchain, if it even exists.

  • Man loses $1.6million, half three

    The app demanded $1.5million from the sufferer and threatened to freeze his account if he didn’t pay.

    “I go look on the FBI site and lo and behold, there’s this public alert about this type of scam,” he instructed the information outlet. “I’m 52, my entire life savings, gone in a matter of a month.”

    The frequent rip-off, which entails assembly somebody on a courting app, depositing cash right into a pretend funding app (which is consistently modified, renamed or deleted) then dropping all of it, is known as the “Pig Butchering Scam,” KMGH-TV detailed.

  • Man loses $1.6million, half two

    The man stated he efficiently deposited funds into the account, together with cash from his retirement accounts.

    He was reportedly capable of withdraw cryptocurrency too, till he tried to take out extra.

    A “customer service agent” with the app instructed him “you need to repay the loan before you can withdraw cash from your account,” KMGH-TV reported.

  • Man loses $1.6million in rip-off

    A person says he misplaced his life financial savings in a scheme dubbed the “Pig Butchering Scam.”

    The 52-year-old instructed Denver ABC affiliate KMGH-TV that he met a lady on a courting app who appeared to have comparable pursuits to him.

    The dialog turned to cryptocurrency, one thing he’d made about $70,000 on in a couple of years.

    The man instructed the information outlet that the girl he fell for on-line satisfied him to spend money on a cell and net app that appeared authentic to the software program engineer.

  • Crypto scams and courting apps

    Some cryptocurrency rip-off operations have began utilizing courting apps to reel in potential targets.

    In some studies, scammers pose as a long-distance love curiosity sharing a sizzling new cryptocurrency alternative.

    About 20 % of the cash misplaced by way of courting scams within the final 12 months reportedly concerned cryptocurrency.

  • $7.7billion misplaced to scammers in 2021

    More than $7.7billion value of cryptocurrency was stolen worldwide in 2021.

    The revelation got here in a report by blockchain knowledge agency Chainalysis, which additionally discovered scams involving crypto are up 81 % over final 12 months.

    Scams have been the most important crypto-based crime with fewer particular person rip-off victims in 2021 however a better common loss per sufferer, Yahoo Money reported.

  • What are Altcoins, continued

    Simon Peters, crypto-asset analyst at eToro, stated: “They build on the success of bitcoin by slightly changing the rules, economics or use cases to appeal to different users.”

    “Altcoins vary greatly in their use cases and practical application. They typically have a form of technology they underpin or provide a liquidity solution to a product or service.”

  • What are Altcoins?

    Altcoin stands for different coin, a sort of digital forex that makes use of the so-called blockchain to permit safe transactions. 

    Altcoin is a class of cryptocurrency moderately than a forex itself, and there are greater than 900 totally different altcoins obtainable.

  • Gear up on the convention retailer

    A merchandise retailer is being featured as a part of the Miami Bitcoin convention.

    Attendees should buy Bitcoin merch, together with shirts, books, hats, and {hardware} wallets.

  • ‘The Future of Financial Forecasting’

    On Friday, April 8, 4 audio system will host a presentation referred to as, “The Future of Financial Forecasting.”

    It will happen at 1.05pm, on the Bitcoin convention in Miami.

  • Catching a glimpse

    Take a have a look at what GA ticket holders are experiencing this week on the Bitcoin 2022 convention.

  • Is there a Bitcoin 2022 stay stream?

    There is a stay stream for Bitcoin 2022 that individuals can watch if they can not make it to Miami.

    Bitcoin Magazine is operating a stay stream of the occasion on YouTube.

  • Is Serena Williams talking at Bitcoin 2022?

    Serena Williams is certainly scheduled to talk on the Bitcoin 2022 cryptocurrency occasion in Miami this 12 months, in keeping with the occasion’s speaker record.

  • ‘The way forward for finance is in Miami’

    Miama Mayor Francis Suarez unveiled the Bitcoin 2022 model of a Charging Bull on the conference on Wednesday and tweeted, “The future of finance is in Miami and the Capital of Capital now has its own bull.”

  • Who created the Bitcoin 2022 bull?

    The CEO of Plantation, Florida-based TradeStation, John Bartleman spoke with Bloomberg and stated of Miami, “It’s hard to deny this is an amazing opportunity for companies to come here and build out their project in crypto.”

    It was his firm that commissioned “an 11-foot (3-meter) robot-like statue of a bull meant to emulate Wall Street’s ‘Charging Bull,'” the outlet reported.

    Miami Mayor Francis Suarez revealed the paintings Wednesday to the crypto-loving crowd because the convention kicked off in Miami Beach.

  • President Bukele’s attainable announcement

    At the Bitcoin 2021 convention final June, President Nayib Bukele of El Salvador introduced his plans to make Bitcoin authorized tender in his nation, in keeping with Coindesk.

    He was anticipated to make an announcement this 12 months as properly, which the positioning famous was anticipated to incorporate a progress report on El Salvador’s plans for the sale of $1 billion of Bitcoin bonds.

  • President Nayib Bukele calls off look

    El Salvador President Nayib Bukele has cancelled his look on the Bitcoin 2022 convention in Miami.

    A letter from Bukele, shared by the Bitcoin Conference Twitter account, cited “unforeseen circumstances in El Salvador which require his urgent attention.”

  • Bitcoin value soared in March

    However, regardless of that prediction, the worth of Bitcoin truly went up in March 2022.

    Bitcoin costs soared after Russia stated it might attempt to dodge present sanctions by promoting oil and fuel in cryptocurrency as a substitute.

    Its worth shot up round 5 % on March 27 after Putin’s vitality chief Pavel Zavalny stated it could possibly be utilized by pleasant international locations.

  • Some specialists assume Bitcoin will ‘crash’ quickly

    In late December, some specialists predicted Bitcoin would crash in 2022.

    Carol Alexander, professor of finance at Sussex University, thought the worth of Bitcoin might quickly fall.

    She beforehand instructed CNBC that Bitcoin will “probably crash” in 2022.

    The professor warned final 12 months: “If I have been an investor now I might take into consideration popping out of Bitcoin quickly as a result of its value will most likely crash subsequent 12 months.”

    She referred to Bitcoin as extra of a “toy” than an funding.

  • Bitcoin value decreases

    The value of Bitcoin decreased barely extra as the primary day of Bitcoin 2022 continued.

    According to Coinbase, Bitcoin was down -4.29 % up to now 24 hours as of 3pm Wednesday, as in comparison with -3.66 % that morning.

  • Comparing the bulls

    The Charging Bull on the Bitcoin 2022 occasion is clearly stealing the present.

    One Twitter person shared photographs of the Bull with its extra well-known counterpart in New York City.

  • Is the US contemplating banning crypto?

    The United States isn’t one of many international locations seeking to absolutely ban cryptocurrencies — not less than not but. 

    In truth, Federal Reserve chairman Jerome Powell beforehand stated that there are not any intentions of banning cryptocurrencies together with Bitcoin.

    So, for now, occasions just like the Bitcoin 2022 convention can go off and not using a hitch.

  • Can governments ban cryptocurrency, continued

    China’s authorities, as an illustration, claimed it was involved that individuals have been utilizing digital belongings for fraud and laundering and ended up banning crypto.

    That nation and its authorities have additionally expressed issues over the affect on the setting, in addition to the potential of the destabilization of the nation’s monetary system.

  • Can governments ban cryptocurrency?

    Some international locations have already absolutely banned cryptocurrencies, together with locations like Egypt, Iraq, China, and Qatar.

    Some would possibly assume the explanation cryptocurrencies are banned in some international locations abroad is over volatility – however that’s not essentially true.

    An enormous challenge is the scams customers are prone to.

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