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Showing posts from March 26, 2023

SEC's Gensler seeks $2.4B in funding to chase down crypto 'misconduct'

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SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.” via Cointelegraph.com News https://ift.tt/3lfHcBe

Bitcoin price briefly hits $29K despite regulatory crackdowns

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Despite ongoing crypto crackdowns, the price of BTC briefly tipped over $29,132.82 on March 30, clocking a new high for 2023. via Cointelegraph.com News https://ift.tt/G5RFV4u

OKX Says It's Turning Over $157M in Frozen FTX and Alameda Assets

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FTX bankruptcy lawyers say that $694 million in liquid assets have been identified before OKX’s announcement. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/3K8ohq0

Elon Musk and tech execs call for 'pause' on AI development

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The authors of the letter explained that advanced AI could cause a profound change in the history of life on Earth, for better or worse. via Cointelegraph.com News https://ift.tt/mbZouMW

FTX lawyers, creditors slam SBF's petition to get legal fees reimbursed

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The creditor's committee and FTX lawyers have raised several arguments in objecting to Bankman Fried’s request. A hearing date is set for April 12. via Cointelegraph.com News https://ift.tt/Jq74TxC

First Mover Asia: Bitcoin Rises Over $28.3K Despite Binance Legal Woes

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ALSO: Shaurya Malwa writes that a little-known Ethereum community is rallying behind the Ethereum Goerli test network in the hope that it can help find a way to keep it going. Bitcoin, ether and other cryptos spike. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/Bo1A7Gh

Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer

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First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over. via Cointelegraph.com News https://ift.tt/MRhEk0v

USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High

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Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins in circulation. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/qDzl6Lc

The Liability of DAOs and Their Founders Has Been Put to the Test in Court

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Decentralized Autonomous Organizations (DAOs) are beginning to look like general partnerships in the eyes of U.S. courts. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/uGIVK2E

Signature’s crypto clients told to close their accounts by April 5: Report

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Any crypto deposits not transferred to another bank by April 5 will be liquidated and a check mailed to the client's address. via Cointelegraph.com News https://ift.tt/bDZN2Vo

First Mover Asia: Will CFTC's Action Against Binance Benefit Crypto’s Asia Narrative?

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Bitcoin is flat, but ether is up, on potentially favorable comments by the CFTC before Congress. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/XtwoIeO

Singaporean women ‘outperforming’ men in crypto trades, survey reveals

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The survey also found that 24% of women have allocated more than 20% of their portfolios to crypto. via Cointelegraph.com News https://ift.tt/LF3AeIb

NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon

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The popular project, which launched in September 2022, is using a cross-chain bridge to bring its 15,000-edition generative art collection to Polygon. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/TvVtUod

Bitcoin Trading Volumes Have Collapsed – Here’s What That Means for the BTC Price?

Bitcoin trading volumes have collapsed in the past few days. According to data sourced from CoinGecko, daily Bitcoin trading volumes across major exchanges fell to as low as $14.5 billion on Monday, its lowest level since the 5th of March. That’s a huge drop after Bitcoin daily trading volumes surged as high as $70 billion earlier in the month, the highest level since the aftermath of the FTX collapse last November. The drop in trading volumes is concerning.... Read More: Bitcoin Trading Volumes Have Collapsed – Here’s What That Means for the BTC Price?

BlockFi to provide over $100K in refunds to California clients

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At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn't need to, according to court documents. via Cointelegraph.com News https://ift.tt/7PNvlQC

UK Treasury drops plans for Royal Mint NFT

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The Economic Secretary of the Treasury told Parliament has confirmed the project has been put on the back burner, but will “keep this proposal under review.” via Cointelegraph.com News https://ift.tt/S3rcQ8p

First Mover Asia: China’s State-Owned Banks Are Soliciting Hong Kong Crypto Business, but Opening an Account Is Hard

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Are bitcoin traders shrugging off the CFTC's action against Binance? Or is there just not enough liquidity to go around? via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/bFwzAqY

UK Treasury Cancels Plans for Government-Backed NFT

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Initially proposed in April 2022, the Royal Mint's plans for an NFT are not moving forward “at this time” but the proposal will remain under review. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/pxvR7hE

First Citizens to Buy Silicon Valley Bank's Deposits, Loans in $55.5B Agreement With FDIC

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Federal Deposit Insurance Corporation says the 17 former branches of Silicon Valley Bank will re-open as First Citizens Bank & Trust Company on Monday, March 27. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/g0BeiYO

Breaking: First Citizens snaps up Silicon Valley Bank — Branches open Monday

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The deal was announced on March 26 by the Federal Deposit Insurance Corporation (FDIC). via Cointelegraph.com News https://ift.tt/O67otTM

Minecraft, GTA may change their tune on blockchain yet: GameFi execs

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It could all be sparked with just one Web3 success story. via Cointelegraph.com News https://ift.tt/boVxKrg

First Citizens Nearing Deal for Silicon Valley Bank: Bloomberg

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Raleigh, N.C.-based First Citizens is the 30th largest bank in the U.S., with $109 billion in assets, and recently completed an acquisition of New York-based commercial lender CIT. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/kMxnzd2

Coinbase wants devs to build inflation-pegged 'flatcoins' on its new 'Base' network

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Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates poor monetary policy decisions of central banks. via Cointelegraph.com News https://ift.tt/n8yuO1i

First Mover Asia: Bitcoin Is Ready for a Consolidation Phase

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ALSO: Sam Reynolds writes that decentralized derivatives platforms are having a liquidity problem. The shortage may stem from crypto traders current caution, but at least one analyst is optimistic that the situation will change. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/IyM5GP7

Do Kwon to reportedly appeal against court’s decision to extend detention

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A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for 30 days longer than usual. via Cointelegraph.com News https://ift.tt/5INnwGs

Harneys Lawyers: How to Apply for a BVI VASP Licence

Maggie Kwok, Aki Corsoni-Husain, and Mirza Manraj are lawyers at the global offshore law firm Harneys and experts in digital asset regulation.__________... Read More: Harneys Lawyers: How to Apply for a BVI VASP Licence

Euler Finance Hacker Returns $100 Million in Surprising Act – Here's What Happened

In a remarkable development, the Euler Finance exploiter has returned a huge portion of the $200 million stolen funds to the protocol. According to data aggregated by blockchain security firm BlockSec, the Euler Finance hacker has been returning the stolen funds over the past 24 hours. With the latest repayment of 7,737 ETH, the exploiter has now sent a total of 58,737 ETH (worth around $102 million) to the protocol. ... Read More: Euler Finance Hacker Returns $100 Million in Surprising Act – Here's What Happened

Fujitsu interested in crypto trading services, trademark application reveals

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The brand wants to offer financial services, including accepting deposits, financing loans, financial management and the exchange of crypto assets. via Cointelegraph.com News https://ift.tt/IHNnC3k