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Showing posts from March 12, 2023

SVB's UK arm issues 15M pounds in bonuses after symbolic bailout: Report

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Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following SVB UK’s "near-collapse.” via Cointelegraph.com News https://ift.tt/VJP7lYg

Switzerland preparing emergency measures for UBS' takeover of Credit Suisse: Report

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The emergency preparation will allow the takeover to proceed without the usual “six-week consultation period” with shareholders, according to people familiar with the situation. via Cointelegraph.com News https://ift.tt/SIsAGOi

Euler Finance hacker starts returning stolen Ether

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Chances that the hacker will return the entire loot of $197 million remain slim, as no more outbound transactions — other than the 3,000 ETH — were recorded at the time of writing. via Cointelegraph.com News https://ift.tt/4iGrBgs

Bitcoin Price and Ethereum Prediction: BTC and ETH Surge Over 25% in Seven Days, How High Can They Go?

Bitcoin (BTC) and Ethereum (ETH) have seen significant price surges in the last seven days, with Bitcoin soaring by more than 35% and Ethereum by more than 25%. This boost in the crypto market has sparked the interest of investors, who want to know how far these cryptocurrencies can go.... Read More: Bitcoin Price and Ethereum Prediction: BTC and ETH Surge Over 25% in Seven Days, How High Can They Go?

Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B

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Bitcoin has decoupled from stocks and rising ten years after the Cyprus banking crisis coincided with a BTC price boom. via Cointelegraph.com News https://ift.tt/DGPKO80

Diversified set of guardians required for safe self-custody: Vitalik Buterin

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In a Reddit post, Buterin emphasized that having too much of a concentrated grasp of your self-custody wallets can be a bad thing if you get “hacked, coerced, or incapacitated or die.” via Cointelegraph.com News https://ift.tt/dPmMrQO

More 186 US banks well-positioned for collapse, SVB analysis reveals

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Rising interest rates, which brought down the U.S. banking system’s market value of assets by $2 trillion, combined with a large share of uninsured deposits at some U.S. banks, threatens their stability. via Cointelegraph.com News https://ift.tt/KSTalhY

Microsoft reportedly testing Edge browser web3 wallet integration

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The supposed screenshots show a non-custodial crypto and NFT-friendly Microsoft Web3 wallet embedded into Edge. via Cointelegraph.com News https://ift.tt/0KIdf6o

Real-world assets tokenization lacks infrastructure, not just regulation

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The next generation of securities and asset tokenization has been held back by a lack of infrastructure and regulatory standards worldwide, according to BlackRock’s Larry Fink. via Cointelegraph.com News https://ift.tt/28mPuvR

Polygon Partners With Salesforce for NFT-Based Loyalty Program

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Salesforce partnership with the blockchain platform marks another major company’s investment into customer engagement initiatives using Web3 technologies. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/ORdG6P0

First Mover Asia: Asia Pushes Bitcoin Past $25K

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ALSO: The Shibarium community is debating whether a chain using the same chain ID number 917 as the Rinia Testnet amounts to plagiarism or an open-source code that has been recycled. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/JyVur2X

LinksDAO wins bid to buy its first golf course, says CEO

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The successful bid comes a month after 88.6% of LinksDAO token holders voted in favor of putting in a “compelling offer” for the golf course in its governance vote. via Cointelegraph.com News https://ift.tt/DbX30eF

ArenaDAO's Governance Token Surges Almost 50% Amid Vote to Authorize Paradigm Purchase

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A vote to sell 15% of governance token ARENA’s total supply to crypto investment firm Paradigm began earlier Thursday. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/AmxO3dC

Is Ether a Security?

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Last Thursday morning, I wondered whether I needed to write a follow-up piece about Silvergate Bank. On Thursday evening, I wondered whether my main topic should instead be about ether potentially being a security. And then, obviously, some things happened. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/2JbdrpW

Bitcoin Adds Nearly 1 Million Non-Zero Addresses in Under 1 Month – What Positive On-chain Trends Mean for the BTC Price

In less than one month, the Bitcoin network has added nearly one million wallets that hold a non-zero balance. According to data presented by Glassnode, in late February, the number of non-zero wallets on the network dipped from around 44.2 million to around 43.8 million by February the 23rd. However, this metric has since enjoyed a ferocious recovery to a new record high of 44.778 million as of Wednesday the 15th of March.... Read More: Bitcoin Adds Nearly 1 Million Non-Zero Addresses in Under 1 Month – What Positive On-chain Trends Mean for the BTC Price

Chinese billionaire’s $1B fraud charges, Kwon’s $11M bet, Zhu Su and Islam: Asia Express

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Chinese billionaire using crypto to fight communism charged over $1 billion fraud, Do Kwon’s $11M bet comes due, Zhu Su bonds with Islam. via Cointelegraph.com News https://ift.tt/XD6TSyP

Bitcoin Ordinals Custody Solutions Would Be Better if They Embraced Bitcoiner Values

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The perfect Ordinals wallet should (1) integrate Ordinals support without requiring a full node, (2) be easy to use for the average collector, (3) follow Bitcoin's great cultural tradition of embracing self-custody and trustless transacting. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/sompjd3

First Mover Asia: Bitcoin Dips Below $25K as Market Debates Liquidity

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ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/MtNXwL5

Further Bitcoin Volatility Ahead? Here’s What Options Markets Say About the BTC Price Outlook

Bitcoin looks set to finish Wednesday’s session broadly unchanged in the mid-$24,000, handing market participants some much-needed time to catch their breath after a hectic seven days of price action. This time last week, Bitcoin had just dropped back under $22,000 for the first time in over three weeks, weighed alongside downside in US stocks amid concerns about Fed tightening.... Read More: Further Bitcoin Volatility Ahead? Here’s What Options Markets Say About the BTC Price Outlook

Gensler suggests staking token operators should ‘seek to come into compliance’

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The SEC head was speaking impromptu to reporters after a commission meeting when he was asked about a statement made by the CFTC chair. via Cointelegraph.com News https://ift.tt/DY8TiMn

U.S. Federal Reserve’s Real-Time Payments System Coming In July

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The U.S. Federal Reserve is activating its long-awaited real-time payments system in July, the central bank said in a Wednesday statement, marking a transition that some have seen as a government challenge of the crypto sector’s instant-transaction advantages. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/NHvwLt3

Best Crypto to Buy Today 15 March – LHINU, AGIX, FGHT, STX, METRO, TARO

Global banking turmoil continues to mount as Credit Suisse, one of the world's largest financial institutions, faces possible collapse. The bank's shares have plunged more than 24% in a day--and Saudi National Bank, the largest shareholder in Credit Suisse, has declared that it won't provide additional capital to aid the bank.... Read More: Best Crypto to Buy Today 15 March – LHINU, AGIX, FGHT, STX, METRO, TARO

U.S. DOJ Was Investigating Signature Bank's Work With Crypto Clients: Bloomberg

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Prosecutors were looking at the crypto-friendly bank before regulators seized it, people familiar told Bloomberg. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/Csx61KX

On-chain Indicators Scream Bitcoin Bull Market as the BTC Price Roars Back

Bitcoin’s latest resurgence, which saw the world’s largest cryptocurrency by market capitalization hit a new nine-month high in the mid-$26,000s on Tuesday, has been accompanied by a number of key technical and on-chain indicators roaring back to health and once again send a bullish BTC signal.... Read More: On-chain Indicators Scream Bitcoin Bull Market as the BTC Price Roars Back

In About-Face, Crypto Exchanges Abandon Support for STG Token Reissuance

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Stargate Finance’s original STG token is gaining support again after StargateDAO canceled its plans to reissue STG following a dispute with FTX liquidators. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/WLEzwr3

Signature Bank’s Signet Platform Still Works, But Some Clients Have Moved On

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A source told CoinDesk the real-time payments platform, popular with crypto businesses, will continue to be offered under the newly established Signature Bridge Bank entity. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/vHfF5nB

CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair

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The former CFTC chair argues that AML and KYC measures are outdated and constitutionally questionable and said crypto technology can do better. via Cointelegraph.com News https://ift.tt/KOdrmxh

US Fed faces internal probe over Silicon Valley Bank failure

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Federal Reserve chair Jerome Powell said a "careful and thoughtful" review is needed to understand how the bank collapsed under its watch. via Cointelegraph.com News https://ift.tt/Vi9tOy5

First Mover Asia: Bitcoin’s Store of Value Narrative Is on Full Display; Crypto Prices Stay Green

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via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/Ax4pPJO

FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

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The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia. via Cointelegraph.com News https://ift.tt/XyeJ4j1

Bitcoin Spike to $24.5K Stemmed From Regulators' Bank Interventions, Binance Stablecoin Conversion, Investor Hopes for Fed Dovishness

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Investment banking giant Goldman Sachs analysts have predicted that the U.S. central bank will not raise interest rates at its next FOMC meeting on March 22, according to a report. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/Oz3Yv6V

After Landmark Crypto Law, European Politicians Contemplate Building Their Own Blockchain

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‘Europeum’ could safeguard values like privacy, digital minister Mathieu Michel told CoinDesk, as he seeks to make Belgium a blockchain hub via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/impHGP7

Biden vows to hold those responsible for SVB, Signature collapse

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US President Joe Biden on Twitter said he is "firmly committed" to holding those responsible for the Silicon Valley Bank and Signature Bank collapse "fully accountable." via Cointelegraph.com News https://ift.tt/1juIz0t

OpenSea patches vulnerability that potentially exposed users’ identities

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Cybersecurity firm Imperva found a vulnerability that could be used to leak user information such as email addresses and phone numbers, which has now been patched. via Cointelegraph.com News https://ift.tt/i7xHTtv

TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure

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Stablecoin issuer says USD funds held at Signature bank now fully backstopped by Fed via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/lD8fcFj

First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K

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Since September 2021, the growth in cash assets in small bank balance sheets has turned negative. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/KXRg6Ou

Circle Commits to Covering USDC Shortfalls – Ensures Redemption at 1:1 with USD

USDC issuer Circle has pledged to cover any shortfall in the stablecoin's reserves if it does not receive the entirety of the $3.3 billion held at now-collapsed Silicon Valley Bank. In a Saturday blog post, Circle said that the company is prepared to cover any shortfall in the USDC reserves that materialize from their exposure to SVB using corporate resources, which might even involve external capital.... Read More: Circle Commits to Covering USDC Shortfalls – Ensures Redemption at 1:1 with USD

Over 100 VCs, investors voice solidarity with Silicon Valley Bank

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Approximately 125 VCs and investors signed a statement supporting Silicon Valley Bank as a way to limit the fallout of the bank’s collapse and subsequent extinction of tech companies. via Cointelegraph.com News https://ift.tt/YRwLdKS