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Dream admits to cheating during Minecraft speedruns

The famous YouTuber and Streamer, Dream recently responded to the December 2020 speed run controversy in Minecraft. He admitted to the cheating while trying to make the fastest speed run record. The world-famous streamer confessed that he had increased drop rates enabled during these speed runs. Last year, Dream was accused of cheating on one […]

The post Dream admits to cheating during Minecraft speedruns appeared first on TalkEsport.

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The famous YouTuber and Streamer, Dream recently responded to the December 2020 speed run controversy in Minecraft. He admitted to the cheating while trying to make the fastest speed run record. The world-famous streamer confessed that he had increased drop rates enabled during these speed runs.

Last year, Dream was accused of cheating on one of his Minecraft speedruns. This led to an investigation into the situation by the Speedrun.com. As a result, his fifth-place run got rejected by the Speedrun.com moderators.

This caused controversy between Dream, third parties, and moderators after Dream actively argued against the results of the investigation. Nearly after five months, the Minecraft player admitted his mistake apologized for dragging the speedrun website’s moderators “through the mud.”

He wrote, I feel like this is something important to talk about, I’ve been very withheld for a while about it all and just decided it’d probably be best to just let it out so I can feel relaxed a little more I guess. This will be a very long read i’m sure, I’m writing this in my bath at 4am on my phone so forgive any mistakes or confusing bits.

“When the drama first started I cared more about defending myself and being right, than about figuring out what was actually going on and I shot myself in the foot by doing it. I felt really terrible for the mods because I dragged them through the mud even though they were mostly right.”

According to Dream, he had no idea that increasing drop rate would be called for cheating as increasing the drop rate through plugins makes this process quicker. He did not know this was happening during the speed runs. While going for his Minecraft Manhunt series he increased drop rate and didn’t realize they were also enabled for his speed runs.

At last he said,” I hope that this gives insight into my mindset a little bit, but if not I’m not sure what will. I’m sure I’ll talk about it more just for clarity sake, but I want to avoid causing more drama. please don’t send any hate to the mod team or anyone involved in the situation, I don’t want any more drama at all, you’re no supporter of mine if you do.”

Dream wrote a 2000 words clarification which you can read it here.

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Source: https://www.talkesport.com/news/gaming/dream-admits-to-cheating-during-minecraft-speedruns/

Blockchain

Federal Judge Denies Ripple’s Motion To Access The Trading History of the SEC’s Employees

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A federal judge in New York has denied Ripple Labs’ motion to order the U.S. Securities and Exchange Commission (SEC) to produce records of its employees’ crypto transactions in an effort to prove that the agency did not consider XRP to be a security.

The SEC Wins One Against Ripple

According to an official transcript, Ripple filed the request on August 27. Their rationale for the request was that if it were discovered that the SEC employees had traded XRP, it would at a minimum expose the SEC’s past lack of clarity about the nature of XRP and at most prove that the SEC did not consider XRP to be a security before.

Defendants argue that individual trading decisions will, at a minimum, expose the lack of clarity regarding XRP’s status and whether the SEC believed XRP to be a security. Such evidence arguably would undermine the SEC’s allegations that the Individual Defendants acted recklessly and would bolster the Defendants’ fair notice defense. Defendants contend that they are entitled to know whether the SEC permitted its employees to sell, buy, and hold XRP “as market participants” during the relevant period.

But Judge Sarah Netburn disagrees with Ripple for several reasons.

First, she upholds the relevance of the SEC’s argument that “the preclearance decision process does not involve any determination by SEC Ethics Counsel that a trade complies with the securities laws,” i.e., the SEC Ethics Counsel had not proposed any provision expressly relevant to XRP, so the trading history of SEC employees is irrelevant for the case.

Another key argument for the denial was essentially the lack of legal justification to approve Ripple’s demands. The federal rule protects the privacy rights of SEC employees as U.S. citizens.


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As to the annual certifications that Defendants seek, Congress has presumptively prohibited disclosure of such financial information through federal privacy statutes and regulations in order to maintain government employees’ privacy.

Ripple tried to use a similar argument earlier. The SEC asked for access to Ripple’s internal communications via Slack. As Cryptopotato previously reported, Ripple argued that producing such documents wouldbe a long, expensive process. This was not enought for the Court, which ended up ruling in the SEC’s favor.

Finally, the court explains that, in fact, the SEC had no trading policy regarding digital assets during the period of interest for the lawsuit, so its employees did not act in violation of the rule even if they had traded cryptocurrencies.

XRP Remains (Relatively) Unfazed

XRP did not overreact to the disappointing news. Generally speaking, the XRP market moves in pace with the developments of the Ripple-SEC situation, with rallies when Ripple scores a win and crashes when the San Francisco-based company has any setbacks (like today’s).

Price of Ripple XRP. Image: Tradingview
Price of XRP. Image: Tradingview

Currently, XRP is trading around $0.878, down about 5% in the last 24 hours and slightly recovering about 0.5% so far today.

This seems to be more of a natural reaction to the state of the markets than to Ripple’s case, in fact. Bitcoin, the SP500, and most global markets are going through a period of nervousness after the infamous Evergrande scandal exploded.

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Source: https://cryptopotato.com/federal-judge-denies-ripples-motion-to-access-the-crypto-transactions-of-the-secs-employees/

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Blockchain

AMC Entertainment Could Include Dogecoin as a Payment Option

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Following confirmation that AMC would begin accepting Bitcoin, Ethereum, Bitcoin Cash, and Litecoin for online payment, the company’s CEO has asked the Dogecoin community if AMC should add the meme coin among the cryptocurrency options.

Almost 80% Want to Pay for a Movie Ticket With DOGE

Adam Aron, CEO of the world’s largest movie theater chain AMC Entertainment, conducted a poll via Twitter on Tuesday (September 21st, 2021) to check whether the company should accept DOGE payment. The poll, which ends on September 22nd, has garnered a lot of responses, most of them wanting AMC to include the meme crypto.

According to Aron, the Twitter survey came amid calls from members of the Dogecoin online community to add DOGE to the list of crypto options.

“I hear from many on my Twitter feed we should accept Dogecoin too. Do you think AMC should explore accepting Dogecoin?”

Before the latest development, the AMC CEO announced that the movie theater giant will accept Ethereum, Bitcoin Cash, and Litecoin by the end of 2021. This was after Aron previously revealed during an earnings call in August that customers would be able to pay for movie tickets and concessions online with bitcoin, also at the end of the year.

The poll has so far seen 110,000 votes, with 70% responding positively to the idea of DOGE payment, while 8% also agree but say they would not use the meme coin for payment. Meanwhile, 22% of the voters were not in support of the motion.


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Growing Support for Dogecoin Payment

Aron’s survey comes as the cryptocurrency market is experiencing massive price dumps, along with the global financial markets, mostly tied to the Evergrande saga. Bitcoin, which traded at $48k over the weekend, dropped to as low as $40k, with the price of other altcoins also plummeting. However, there has been a slight recovery.

Dogecoin is currently the 10th largest crypto by market capitalization and reached an all-time high (ATH) of over $0.7 back in May. Now, though, it’s down to roughly $0.2.

If AMC Entertainment goes ahead to include the meme token among the list of accepted cryptocurrencies, the movie theater giant would become the latest company to support DOGE payments. Some others who have adopted Dogecoin include American basketball team Dallas Mavericks and Newegg.

Apart from AMC’s Adam Aron, Tesla’s CEO Elon Musk also carried out a similar poll for his followers. Although many of the respondents voted in favor of the electric vehicle manufacturer including DOGE among payment options, the company is yet to make it official.

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Source: https://cryptopotato.com/amc-entertainment-could-include-dogecoin-as-a-payment-option/

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Bitcoin: Here’s the ‘ticking time bomb’ traders should be aware of 

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Despite Bitcoin oscillating around the $40,000-mark over the last 48 hours, the outflow of BTC from exchanges continued its downward trend. Over the week, exchange balances have continued to decline to hit a new multi-year low of 13.0% of circulating supply. This pushes exchange balances to levels last seen in February 2018. 

While the aforementioned outflow trend has continued to surprise, it has also been interesting to see how Bitcoin outflows played out differently for different exchanges and what affected this behavioral difference.

This article will delve into how differing sentiments and external and geographical factors played out during outflows from some of the top exchanges.

More and more outflows

According to a recent Glassnode report, there appears to be more demand for coins accumulated from exchange balances. In fact, the previous week saw a deeply negative (outflows) exchange net-flow reading, with BTC outflows happening at a rate of – 92k BTC/month.

Notably, both exchange balance and exchange net-flow balance highlighted that the market has clearly shifted its paradigm after March 2020. From a regime of net exchange inflow dominance to outflow dominance.

Comparative performance of exchanges 

While outflows have been constant across the market, external factors have influenced how exchanges across the spectrum behaved. A characteristic behavior was noted in two cohorts of exchanges –

The first cohort of exchanges included Bittrex, Bitfinex, Kraken, Gemini, and Binance. On the contrary, the second included Bitstamp, OKEx, Huobi, and Coinbase. 

The first cohort of exchanges demonstrated characteristic inflows and balance growth for most of 2020 and 2021, reflecting a rising dominance in coin holdings.

Binance and Gemini were the primary recipients of this cohort. Post the May sell-offs, balances across this exchange group plateaued and saw modest coin outflows. 

On the other hand, the second cohort of exchange saw constant outflows since March 2020. In fact, this has actually accelerated in recent weeks.

Further, the net balance across exchanges has continued to decline as the inflows observed in May were absorbed by the market and moved to investor wallets.

Exchange balance serves as an important metric to gauge traders’ sentiments for the underlying asset. In the case of Coinbase, it’s a hint at its traders’ intention to hold BTC instead of selling it.

Notably, the amount of Bitcoin held in Coinbase Pro’s vaults dropped by 28,843.87 BTC over the last month. 

On the other hand, modest outflows from Binance were indicative of the skepticism holders have for BTC’s price. Also, since Binance caters to a more global audience, it can play a part in this trend. The rising Bitcoin balances on Binance were suggestive of its users thinking about selling BTC, the opposite of the trend seen on Coinbase.

In hindsight, it can be noted that on Binance, the Bitcoin balance spiked from 199,700 BTC on 20 April to 347,590 BTC on 26 June – More than 1.5x. During that time, Bitcoin’s price dropped from over $65k to below $30k.

Thus, if the price doesn’t recover soon and outflows don’t dominate on Binance again, the rise in balances could prove to be a ticking time bomb. 

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Source: https://ambcrypto.com/bitcoin-heres-the-ticking-time-bomb-traders-should-be-aware-of

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