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Showing posts from March 19, 2023

Tim Draper recommends founders hold 'at least' two payrolls 'worth of cash' in crypto

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American venture capital investor Tim Draper warned business founders to prepare for "more and more" bank failures if the government continues to "print money and whipsaw interest rates." via Cointelegraph.com News https://ift.tt/ARIkqoh

US explores additional bank support favoring First Republic's benefit: Report

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While the Federal Reserve liquidity offerings must be equally accessible to "all eligible users," unnamed sources reportedly warned that it could be “made in a way” to ensure First Republic Bank benefits. via Cointelegraph.com News https://ift.tt/poc51ji

Nasdaq to Launch Crypto Custody Service to Meet Growing Market Demand – Here's What You Need to Know

Nasdaq aims to launch its much-anticipated crypto custody service by the end of the second quarter to meet the increasing institutional interest and demand for crypto services.  In an interview with Bloomberg on Friday, Ira Auerbach, senior vice president and head of Nasdaq Digital Assets, said Nasdaq is "pushing ahead to get all the necessary technical infrastructure and regulatory approvals in place."... Read More: Nasdaq to Launch Crypto Custody Service to Meet Growing Market Demand – Here's What You Need to Know

Bitcoin Price and Ethereum Prediction: Weekend Breakout Possible Amidst Choppy Market Conditions

The cryptocurrency market has been experiencing a choppy session lately, with both Bitcoin and Ethereum struggling to break out of their current price range. Investors and traders are closely monitoring the market for any signs of a potential breakout during the upcoming weekend. Bitcoin (BTC), the world's largest cryptocurrency, failed to extend its upward rally and lost some ground today, possibly due to ongoing regulatory scrutiny in the cryptocurrency sector. ... Read More: Bitcoin Price and Ethereum Prediction: Weekend Breakout Possible Amidst Choppy Market Conditions

The UK Has Created Crypto Banking Problems

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U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/FfYjeZz

NFT investor accidentally burns $135k CryptoPunk trying to borrow money

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While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation. via Cointelegraph.com News https://ift.tt/V4ih5Ej

Animoca denies reports of $200M cut to Metaverse fund and valuation drop to $2B

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Speaking with Cointelegraph, Animoca co-founder Yat Siu noted that given the source’s anonymity, it “makes it difficult to ascertain exactly who or what the sources/agenda is.” via Cointelegraph.com News https://ift.tt/d5LCOQq

'US has left a vacuum that other countries are eager to fill': Coinbase

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While the U.S. government opts for “regulation by enforcement,” other countries are fostering “vibrant” crypto ecosystems due to progressive regulation, argues Coinbase’s Daniel Seifert. via Cointelegraph.com News https://ift.tt/lQrMkfd

Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?

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Coinbase's former CTO, among others, has predicted that bitcoin will reach $1 million as the dollar fades, but these doomsayers are ignoring other historical precedents. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/t0XiypP

Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M

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ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year. via Cointelegraph.com News https://ift.tt/35ILFlW

ChatGPT can now access the internet with new OpenAI plugins

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OpenAI said it is initially rolling out the plugins to a small set of users to "study their real-world use and impact," before expanding to larger-scale access. via Cointelegraph.com News https://ift.tt/4UfeZgl

ARK Buys the Wells Dip With $17.7 Million COIN Purchase

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Coinbase shares tumbled 16% Thursday, after the company disclosed late Wednesday it had received a Wells Notice from the Securities and Exchange Commission. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/Q7Zol5s

3AC co-founder can answer subpoena or 'take his chances' — US judge

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The U.S. judge presiding over the Three Arrows Capital bankruptcy case has upped the pressure on Kyle Davies to comply with a January-issued subpoena. via Cointelegraph.com News https://ift.tt/i9KYbP7

Binance Users in China, Elsewhere, Evade KYC Controls With Help of 'Angels': CNBC

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Some Binance employees and volunteers shared tips on forging bank documents, falsifying addresses or hiding the country of origin to get a Binance debit card, CNBC reported, citing Chinese-language chatroom messages it translated. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/RznJoh3

Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express

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Chinese crypto billionaire Justin Sun sued by SEC, Do Kwon busted in Casino Royale location, game with 180 million players embraces Polygon. via Cointelegraph.com News https://ift.tt/j3OlZHM

Bitcoin Price and Ethereum Prediction: Can the Fed Rate Hike Amid Banking Turmoil Boost BTC and ETH?

Bitcoin, the world's largest cryptocurrency, along with Ethereum, lost some of its value and dropped below $28k and $1,800 levels respectively. However, the reason could be linked to the release of a dovish statement from the US Federal Reserve regarding interest rates.... Read More: Bitcoin Price and Ethereum Prediction: Can the Fed Rate Hike Amid Banking Turmoil Boost BTC and ETH?

Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend

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The CEO of Independent Reserve says Hong Kong's "friendly" licensing regime makes it a worthy destination to set up shop, but there are other factors to consider. via Cointelegraph.com News https://ift.tt/hTYRuQV

Coinbase CEO on its Wells Notice: SEC is like soccer referees in a game of pickleball

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Brian Armstrong made the interesting analogy when asked to explain the firm's recent "Wells Notice" in "NFL terms." via Cointelegraph.com News https://ift.tt/uG6Aqg9

CFTC’s tech committee gathered in DC to talk DeFi, here’s what was discussed

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DeFi was top of the agenda at the CFTC’s tech committee meeting, with crypto execs giving explanations and discussing the space with the regulator. via Cointelegraph.com News https://ift.tt/oTVvBjC

FTX seeks to claw back $460M from Bankman-Fried-backed VC firm

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While the funds represent a small portion of FTX’s overall asset shortfall, the settlement means the firms can avoid a costly legal battle. via Cointelegraph.com News https://ift.tt/irn27Rq

First Mover Asia: Blockchain-Enabled SIM Card for Crypto Investors Fuels Conflux Growth; Bitcoin Holds Near $27.3K After Fed Decision

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ALSO: The SIM card offers the security of a hardware crypto wallet but with more convenience, says Conflux’s chief technology officer in a Q&A with CoinDesk's Shaurya Malwa. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/JxZ6Iih

FTX Bankruptcy Estate to Claw Back $460M From Modulo Capital

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Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475m in 2022. The recovery includes $404m of cash. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/2JGxctZ

Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head

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Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/Yfb7SVA

'Operation Choke Point 2.0' may have contributed to SVB collapse: Mulvaney

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While the existence of "Operation Choke Point 2.0" has not been confirmed, Mick Mulvaney spoke of “rumors” of its existence and the potential side effects of such a policy. via Cointelegraph.com News https://ift.tt/ToM4PAm

Magic Eden launches marketplace for Bitcoin Ordinals

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It’s one of the first major NFT marketplaces to join the Bitcoin Ordinals fray. via Cointelegraph.com News https://ift.tt/NH86p4K

ARK Invest Sells $13.5M Coinbase Shares After Steady Buying Streak

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Before this sale, ARK Invest owned 9.9 million shares of the crypto exchange worth $575 million. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/tP4Eowl

Hacker vs Hacker: North Koreans Attempt to Phish Euler Exploiter of $200M in Crypto, Experts Say

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The wallet that stole $200 million in crypto from DeFi protocol Euler Finance was the target of an apparent phishing campaign from North Korean hackers, according to analysts. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/bdWUz4a

White House Takes Aim at Crypto in Scathing Economic Report

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The report, authored by the White House Council of Economic Advisers, laid out a number of issues seen within the digital asset ecosystem. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/bdSlhng

Bitcoin Trading Volumes Keep Trending in the Right Direction – Can BTC Sustain Its Bull-run?

Bitcoin’s bull run since the start of 2023 which has seen its price jump by close to 70% has been accompanied by a rise in Bitcoin trading volumes. Daily trading volumes recently hit their highest level since the aftermath of the FTX collapse at more than $70 billion. Bitcoin was last changing hands just above $28,000, up over 40% versus earlier monthly lows under $20,000.... Read More: Bitcoin Trading Volumes Keep Trending in the Right Direction – Can BTC Sustain Its Bull-run?

Crypto.com customer accused of $7M spending spree granted bail

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The Judge explained that prison time wasn’t necessary because Singh couldn’t flee without his Indian passport or being able to apply for a new one. via Cointelegraph.com News https://ift.tt/m3Kdgnp

DefiLlama resolves internal strife, sends LLAMA token plans alpaca'n

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After resolving the issue internally, the forked variant of its analytics platform now redirects to the official website. via Cointelegraph.com News https://ift.tt/R03zk2E

Euler Finance to enter talks with exploiter over the return of funds

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The flash loan exploiter claims they have "no intention of keeping what is not ours" and wants to "come to an agreement" with Euler Finance. via Cointelegraph.com News https://ift.tt/h3HdpWN

Divergent On-chain Trends Within Ethereum/Bitcoin Network Add to Reasons Why the ETH/BTC Price Might Continue Dropping

The exchange rate between Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, and Ether (ETH), the world’s second-largest cryptocurrency by market capitalization that powers the Ethereum blockchain, has fallen rapidly in recent weeks. ETH/BTC was last changing hands on Binance (as per TradingView) around 0.0625, down around 15% from earlier monthly highs in the 0.0735 area and at its lowest level since July 2022. ... Read More: Divergent On-chain Trends Within Ethereum/Bitcoin Network Add to Reasons Why the ETH/BTC Price Might Continue Dropping

Beware of fake Arbitrum Airdrops, community warns

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The community has warned others to stay vigilant after reports of phishing websites and scams offering Arbitrum Airdrop tokens. via Cointelegraph.com News https://ift.tt/aPcqEeL

Taiwan’s Crypto Industry Welcomes Regulatory Announcement

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FSC chairman confirms that the island’s top financial watchdog will regulate crypto. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/JynbVZW

Bitcoin ATM maker shuts cloud service after user hot wallets compromised

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Bitcoin ATM manufacturer General Bytes said a hacker was able to install and run a Java application in its terminals that could access user information and send funds from hot wallets. via Cointelegraph.com News https://ift.tt/iuZapYr