75201
• Chart • News • Fundamentals • Anything on #Crypto and on its adoption🌎 VIP & Advertising @Jeffross
🟠 Binance Has No Big Plans for India Due to High Taxation, Says CZ
Binance CEO Changpeng Zhao (CZ) has all but given up on India. Pointing out the 1% transaction tax that came into force on 1 July 2022, CZ said it makes crypto trading unviable in India. Speaking at the TechCrunch Session: Crypto 2022 on November 17 in Miami, CZ further pointed out that Binance is engaged with blockchain associations and influential persons.
The 1% transaction tax on crypto activities became effective on 1 July 2022. And, Binance seems to be a major gainer as traders have deserted Indian exchanges for fear of tax reporting and compliance and thronged to foreign exchanges, including Binance, which is yet to take a call on compliance with new taxes. The Binance app witnessed 429,000 downloads in August in India, the highest for the year, and over three times more than the runner-up, CoinDCX, media reports said in early September.
Source
/channel/Bitcoin_Crypto_Signals
🏦 Binance’s role in FTX collapse unclear to UK lawmakers: Bloomberg
Binance sent answers to questions from the UK’s parliamentary committee investigating the downfall of FTX following a hearing on Monday, including on its role in the collapse of FTX. FTX was a major competitor of Binance's prior to its failure and subsequent bankruptcy.
UK lawmakers are not convinced by the evidence Binance provided to understand its role in the collapse of FTX, according to a member of Parliament. In response to the question of what role it played in FTX's collapse, Binance shared a series of news articles since the catalytic leak incriminating FTX for mishandling its funds on Nov. 2. The Treasury Committee reportedly expected to review Binance's internal records.
Source
/channel/Bitcoin_Crypto_Signals
🏦 ZachXBT calls out Gate.io for keeping 2018 hack under wraps
Cryptocurrency exchange Gate.io allegedly covered up a hack that occurred on April 18, 2018, which saw $230 million swiped from the exchange, according to a Nov. 14 Twitter thread detailing the incident by on-chain sleuth ZachXBT. ZachXBT called out Gate.io’s founder and CEO Lin Han for advocating for blockchain asset security.
ZachXBT also published a screenshot of his correspondence with Gate.io in the Twitter thread, which shows that the on-chain sleuth confronted the exchange regarding the cover-up. Gate.io brushed off questions and criticisms regarding the cover-up. Instead, it responded that its platform is equipped with “many built-in mechanisms” that are immune to penetration by anyone. At the same time, it became one of the four exchanges targeted by North Korean.
Source
/channel/Bitcoin_Crypto_Signals
🇧🇸 Bahamas Securities Commission neither “authorized” nor condones FTX enabling local withdrawals
In a press release on Nov. 12, the Securities Commission of The Bahamas (SCB) contradicted the statement published by FTX about resuming withdrawals in The Bahamas. On Nov. 11, the former head of institutional sales at FTX, Zane Tackett, announced on Twitter that the exchange would allow withdrawals for Bahamanian clients.
In the statement, Tackett said that the withdrawals were enabled in compliance with regulators.This led to a large number of FTX users trying to funnel funds through the help of Bahamians. Some even offered bribes to FTX employees to change their country to The Bahamas and help withdraw funds.However, the SCB said that the regulator neither “directed, authorized, or suggested” FTX to prioritize local withdrawals.
Source
/channel/Bitcoin_Crypto_Signals
🚨 Bankman-Fried said FTX.US was 'FINE!' one day before bankruptcy filing
Former FTX CEO Sam Bankman-Fried insisted the U.S. arm of his crypto empire was “FINE!” after the company’s utility token collapsed — right up until FTX.US filed for bankruptcy on Friday morning. “FTX US USERS ARE FINE!” Bankman-Fried wrote in a series of tweets on Thursday. “FTX US, the US-based exchange that accepts Americans.
The shocking collapse of the crypto exchange began last weekend when rival exchange Binance announced it would sell a large position of FTX’s utility token, FTT. Bankman-Fried insisted his company was “fine” on Monday, but by Tuesday the firm was in turmoil. A spokesperson for FTX declined to comment. FTX announced it had moved to file for Chapter 11, along with more than 100 of its affiliated corporate entities, including Bankman-Fried’s Alameda Research trading firm.
Source
/channel/Bitcoin_Crypto_Signals
🚨 'I'm done with crypto': Traders share pain of potential losses in FTX collapse
Crypto traders took to Twitter to express shock and disappointment in the wake of crypto exchange FTX's collapse. The industry's history is riddled with major collapses, with many notable ones occurring in 2022. Luna, Three Arrows Capital and Celsius all roiled markets, but the downfall of FTX is perhaps the most surprising to crypto's Twitter faithful.
Prior to the revelations of liquidity issues at FTX, many crypto traders staunchly refused to believe that the exchange could be going under. Circle co-founder and CEO Jeremy Allaire yesterday invoked the memory of the Lehman Brothers collapse, one of the signature events of the 2008 financial crisis. In crypto's relatively short history, the collapse of FTX can be compared to similar monumental events like the downfall of bitcoin exchange Mt Gox.
Source
/channel/Bitcoin_Crypto_Signals
📊 Binance is not in 'a war' with FTX, co-founder Yi He says
Yi He, the co-founder and chief customer service officer at crypto exchange Binance, has claimed that the company is not in "a war" with rival exchange FTX. Yi He tweeted, adding that the public announcement of such decision reflects that Binance Labs "always respond to what our community asks in a transparent and direct way.".
The comments come after Binance CEO Changpeng "CZ" Zhao announced the exchange would start selling its holdings of FTX's FTT exchange token — which helped spur a surge of stablecoin outflows from CEO Sam Bankman-Fried's exchange while stoking widespread speculation about the health of both FTX and it's closely associated principle trading firm Alameda Research. FTX has enough to cover all client holdings. We don't invest client assets (even in treasuries).
Source
/channel/Bitcoin_Crypto_Signals
🚨 No Evidence of Foul Play in Death of MakerDAO Co-Founder Nikolai Mushegian, Police Say
Though the investigation is continuing, police in Puerto Rico have found no evidence of foul play in the death of MakerDAO co-founder Nikolai Mushegian. The body of Mushegian, 29, washed up on a beach in the Condado neighborhood of San Juan, Puerto Rico, last week. Hours before his death, the developer, a foundational figure in the early development of DAOs, stablecoins, and Web3.
According to San Juan police records obtained by Decrypt, investigators have thus far found no indication of foul play in Mushegian’s death. Police found “no signs of violence” during a preliminary examination of Mushegian’s body, though he did suffer a small laceration to his skull. Mushegian’s body was recovered on Ashford Beach, an area well-known in San Juan for its dangerous swimming conditions. Numerous swimmers, particularly tourists, have drowned in the area.
Source
/channel/Bitcoin_Crypto_Signals
📣 Public.com plans global rollout of trading tools, including crypto
Earmarked for a next year launch in other jurisdictions, users will be able to convert their local currency into dollars to invest in assets on the platform, Public.com said in a release. The investment firm's services include crypto coins and tokens such as dogecoin, ether and bitcoin, and traditional equities and ETFs.
Insider reported in September that Public.com was in talks to acquire Dutch trading startup Bux, a deal that would allow it to gain access to markets in the UK, the Netherlands, Germany, France and Italy through its licenses. Bux offers users in Europe access to U.S. and European shares, crypto and CFD trading. As the broker looks to expand its geographical reach, it's open to partnering with other local firms, a spokesperson said today.
Source
/channel/Bitcoin_Crypto_Signals
📣 Web3 Domain Alliance starts with Unstoppable Domains, Bonfida as founding members
The Web3 Domain Alliance established itself as a new coalition this week to combat fraud and naming collisions as well as to promote technological advancement and user experience of the next generation of web3 domains. Unstoppable Domains, Tezos Domains, Polkadot Name System, Hedera and Bonfida, which oversees the Solana naming service.
Web3 domains such as .sol or .crypto can be used in place of lengthy wallet addresses for sending and receiving cryptocurrencies, as well as for website hosting and as a single sign-on method for many web3 apps. The domains are minted on the blockchain. Unstoppable Domains and the Ethereum Name Service (ENS), reaching all-time highs, according to data from Dune Wizard Metaland on Dune Analytics.
Source
/channel/Bitcoin_Crypto_Signals
🇨🇱 Cryptocurrency Exchanges Can Open Bank Accounts in Chile
After years of court battles in Chile, a cryptocurrency exchange has managed to open a bank account in Bci, a financial institution that established a protocol to serve these businesses. The first exchange that opened a bank account with the institution was Buda, a local exchange, which satisfied the requirements of the bank in the mentioned protocol.
On Oct. 28, Bci, a bank in Chile, announced that it had developed a protocol to allow cryptocurrency exchanges to open checking accounts with the institution. This marks a milestone for cryptocurrency exchanges in the country, which had been fighting for the right to use traditional banking services for years. Diario Financiero that this move would be beneficial for customers of the exchanges.
Source
/channel/Bitcoin_Crypto_Signals
🪙 Ethereum censorship debate heats up as censored blocks hit 65%
The founder of Gnosis Safe, Martin Koppelmann, took to Twitter to debate the importance of reviewing the state of censorship on the Ethereum blockchain. Koppelmann stated, “there is no wide agreement that this needs to be fixed.” However, several responses debated Koppelmann’s thesis, commenting.
Former member of the Ethereum Foundation, Hudson Jameson, contended that 65% of Ethereum blocks being OFAC compliant had “hear 0 impact” currently but agreed that it needed to be fixed. Jameson claimed that FlashBots and Suave are working on a solution to its MEV-boost relays censoring blocks to be OFAC compliant. The thread assumed that the fear of around 65% of Ethereum nodes being OFAC compliant was related to a possible 51% attack.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin transaction worth $500M cost $0.80 in fees
The Bitcoin network facilitated a transaction worth over $500 million on Oct. 27, transferring around 24,530 BTC. The entire transaction was sent, processed, and confirmed for a fee of just $0.83. According to data from mempool.space, the 24.5 sat/vB fee was significantly overpaid.
The end of October brought on a significant spike in the total number of transactions waiting in the Bitcoin mempool and the total amount of coins waiting to be sent. The cost of sending the $500 million transaction stands as a stark reminder of the speed and efficiency of the Bitcoin network. If such a transaction was sent through the SWIFT network, banks facilitating the transaction would have taken a 3% to 5% exchange rate fee on top of a standard transaction fee.
Source
/channel/Bitcoin_Crypto_Signals
💰 Celsius receives court approval for bidding proposal, final judgement expected Dec. 22
Celsius which filed for bankruptcy on July 13, has been exploring all possible options to refund up to $4.7 billion it owes to creditors. Efforts to raise additional funding from investors or gains from its mining business have yielded little result. the bankrupt crypto lender filed for a bidding proposal on Oct. 3 seeking the court’s approval.
Celsius earlier set the auction date for Oct. 20, but opposition from the U.S. Trustee moved the motion to a later date. After due consideration by the bankruptcy court, Judge Martin Glenn has approved Celsius’ bidding proposal, with the final sales hearing scheduled for Dec. 22, 2022. Judge Gleen, however, asked the U.S. Trustee to appoint a neutral Consumer Privacy Ombudsman to ensure that customers’ data are adequately protected through the sales process.
Source
/channel/Bitcoin_Crypto_Signals
💰 FTX US Wins Bid to Acquire Bankrupt Lender Voyager’s Assets
According to the official announcement, FTX.US is valued at nearly $1.422 billion. Voyager said it will move forward with a customer vote on the broader recovery plan, which entails the implementation of the sale to the crypto exchange. The voting deadline on the same is scheduled for November 29. The embattled lender said the plan will maximize recoveries to the creditors.
Voyager noted that FTX.US was picked as the highest and best bid for its assets after multiple bidding rounds in what it calls a “highly competitive” auction process. The entire process lasted two weeks and witnessed active participation from the Official Committee of Unsecured Creditors (UCC). The UCC also supports FTX.US’ winning bid and also believes the plan must be confirmed to ensure that customers receive distributions in the greatest amount. Following the development, FTX CEO Sam Bankman-Fried stated,
Source
/channel/Bitcoin_Crypto_Signals
🪙 FTX May Have Committed Serious Fraud and Mismanagement: Bahamas Liquidators
One week after the implosion, legal woes for FTX have only intensified. According to the latest court filings from the company’s Bahamian liquidators, there are signs of “serious fraud and mismanagement” on the bankrupt crypto exchange’s part. The document filed in the US Bankruptcy Court of the Southern District of New York revealed that the Joint Provisional Liquidators’.
Troubles for FTX do not stop there. As per a Tuesday filing, the court-appointed provisional liquidator in charge of the exchange’s bankruptcy proceedings in the Bahamas, Brian Simms, has disputed the validity of a Chapter 11 bankruptcy filing by subsidiary FTX Trading and the collective 100-odd affiliates in Delaware court. The Bahamas-based lawyer highlighted that FTX Digital is not part of the Delaware Petition and added that the provisional liquidator is the only one “authorized to take any action including, but not limited to, filing the Delaware Petition.”.
Source
/channel/Bitcoin_Crypto_Signals
🚨 Class action filed against Tom Brady, Larry David and others who endorsed FTX
Tom Brady, Gisele Bundchen, Steph Curry and Larry David are among the stars named in the lawsuit, which was filed by attorneys David Boies and Adam Moskowitz in Florida. The Block first reported that Boies was discussing a class action suit with clients on Tuesday.
The move comes days after FTX filed for bankruptcy protection in Delaware. Former CEO Sam Bankman-Fried, who stepped down from the company last week, is also named in the suit. Boies and Moskowitz are leading a similar class action suit against the Dallas Mavericks basketball team and its owner, Mark Cuban, for promoting the now-bankrupt Voyager, a crypto lending firm.
Source
/channel/Bitcoin_Crypto_Signals
🏦 Crypto.com CEO claims FTX exposure was limited to $10 million
Crypto.com CEO Kris Marszalek came online to answer pressing questions from the industry after a weekend of simmering in hot water in the wake of FTX's filing for Chapter 11 bankruptcy protection. After releasing cold wallet addresses for the platform's largest assets in a push to increase transparency on Friday, a user revealed.
Other concerns that Crypto.com had sent $1 billion worth of stablecoins to FTX circulated on Twitter — something Marszalek addressed on a YouTube live stream. “Over a year, $1 billion was moved to FTX," they said, reiterating: "We recovered all of this. We only had an exposure of $10 million when FTX shut down.". They also said an external audit report should be expected in the coming weeks — to prove Crypto.com has “full one-to-one reserve coverage.".
Source
/channel/Bitcoin_Crypto_Signals
🚨 FTX hacker identity discovered by Kraken Exchange team
Nick Percoco, the CSO of Kraken Exchange, tweeted just an hour ago in response to Mario Nawfal that the Kraken team now knows the identity of the user that hacked FTX. Founder and CEO of IBCgroup.io, Mario Nawfal tweeted explaining that “the hacker is very likely an inexperienced insider.”
Satoshi Stacker, the well-established Youtuber, and crypto/NFT proponent also weighed in on the situation — explaining that “the FTX “Hacker” just funded his TRX wallet from Kraken. Having used Kraken throughout the hack to offload the stolen funds, Know-Your-Customer (KYC) details were clearly enough for the Kraken team to identify the user. CEO and Co-founder of Hacken.io, Dyma Budorin, complimented Tobias Silver – founder of just.money.
Source
/channel/Bitcoin_Crypto_Signals
🇧🇷 Latin America's largest bank partners with Galaxy to introduce crypto ETFs
Itaú Asset, the investment fund arm of Latin America's largest bank by AUM, is offering a physically backed crypto ETF listed in Brazil. Via a partnership with Mike Novogratz's Galaxy Digital, the IT Now Bloomberg Galaxy Bitcoin ETF will start trading as markets open today on Brazil's B3 stock exchange, according to a news release.
Itaú Unibanco's partnership with Galaxy comes amid fluctuations in the crypto ETF space. Last week, it was reported that three Australian crypto exchange-traded funds intend to delist their offerings amid a slump in asset prices. This followed an October report outlining how Hong Kong regulators have detailed the basic requirements that exchange-traded fund managers must meet to list crypto products, including ETFs, in the city.
Source
/channel/Bitcoin_Crypto_Signals
📣 Web3 gaming company Eterlast emerges from stealth with $4.5 million raise
Web3 gaming company Eterlast emerged from stealth having raised $4.5 million to bring web3 games to sports fans. The London-headquartered startup was spun out of Founders Factory’s venture studio. It aims to make owning NFTs a more interactive experience for sports fans by enabling them to leverage the assets within gaming experiences.
Eterlast will first focus on boxing and rugby. It plans to launch House of Boxing next month, which will enable individuals to own key moments from top fights and reimagine them in a player vs player game format. The game is developed in partnership with boxing promoter Queensberry Promotions, which enabled Eterlast to secure a large archive of boxing fights for the platform. The startup's tech stack is built on ImmutableX, a scaling solution that builds on StarkWare's.
Source
/channel/Bitcoin_Crypto_Signals
🚨 Binance Moves to Liquidate Its Entire Position in FTX Tokens
Binance CEO Changpeng “CZ” Zhao said on Sunday that his cryptocurrency exchange is liquidating its holdings of FTT, the native token of rival exchange FTX. Zhao referenced "recent revelations that have came to light," but did not elaborate. He has since committed to revising his regulatory position.
Binance received the funds in FTT as part of its exit last year from an early equity position in FTX it had had since 2019. FTX had bought out Binance’s stake in the company through a $2.1 billion mix of FTT and BUSD–the stablecoin native to Binance’s exchange–according to a statement from Zhao. CZ said the liquidation is expected to take a few months to complete due to market conditions and limited liquidity. It will also be done in a way that tries to minimize the market impact on FTT, he said.
Source
/channel/Bitcoin_Crypto_Signals
🇸🇬 HashKey Capital obtains license from Singapore regulator
Singapore's financial regulator granted HashKey Group's investment arm a license to operate in the city state. The firm announced today that it has received approval for a Capital Markets Service license from the Monetary Authority of Singapore. HashKey Capital Singapore will offer fund management services in the country.
Singapore’s financial regulator granted HashKey Capital a license to operate in the country. “Once the CMS license is granted, HashKey Capital will be able to offer its services to institutional and accredited investors," said Deng Chao, CEO of HashKey Capital Singapore, in a statement. HashKey Group founded its venture arm in 2018, and claims to have managed more than $1 billion to date. HashKey Capital also received a license from Hong Kong to manage a portfolio entirely composed of digital assets in September.
Source
/channel/Bitcoin_Crypto_Signals
We have provided yet another educational resource for you in our Affiliate Learning Centre. Covered in this article are practical ways to generate traffic and sign-ups without having to build and maintain your own website.
It is not a requirement to have a website to accumulate earnings. To assist you in growing your affiliate reach, find out how to be a reliable market leader and recommended voice within the industry in this article.
With our esteemed Affiliate Learning Centre, you have all the resources you need to start your own affiliate marketing journey. Furthermore, we provide experienced and dedicated affiliate managers, ready to assist you at all times with queries, campaign ideas and marketing materials to aid your promotions.
https://www.eaglefx.com/affiliate-learning-center/
📣 CryptoSat founder already landed on the moon, eyes computations in orbit
Cryptosat recently raised $3 million in seed funding as part of a bid to bridge the worlds of crypto and space technology. The round was led by Cryptosat's founders, joined by FileCoin and IPFS developer Protocol Labs, along with other investors, including Inflection, GoAhead Ventures, DoraHacks, and the founders of Phala Network.
Now, founders Yan Michalevsky and Yonatan Winetraub provide a novel answer for a computing world asking for a more secure means to conduct sensitive operations: Launch the trusted execution environment into orbit. Winetraub draws from a background in aerospace engineering and just over a decade spent engineering orbital satellites. Winetraub founded SpaceIL, an organization that would go on to oversee the first privately funded moon landing in 2019, and that continues to build moon-bound spaceships.
Source
/channel/Bitcoin_Crypto_Signals
🆘 Crypto Scam Report Shows Web3 Experienced 15 New Fraudulent Smart Contracts
Solidus Labs functions to carry out crypto operations based on the crypto-native T3 (Triple T) market integration solutions (MIS). These market solutions include threat intelligence, monitoring of transactions, and trade surveillance. Besides this, more cyber threats keep arising, and recently, the Web3 system has detected 15 new scam cases.
According to Kathy Kraninger, there were several scam cases that Solidus Labs failed to identify. This is evident from the company’s data. Meaning that there’s a need for extra effort from the firm as scam cases are snowballing. Kathy Kraninger is Solidus’s regulatory affairs vice president and former U.S Consumer Financial Protection Bureau, director. The cases reported came from some blockchains among the 12 monitored blockchains.
Source
/channel/Bitcoin_Crypto_Signals
💰 US Trustee opposes Celsius’ $2.9M employee bonus plan
The United States Trustee has opposed Celsius’s request to pay up to $2.9 million as retention bonuses to employees involved in the bankruptcy process. Celsius claimed that the employees are not top executives but did not provide further details on their identity and role.
Celsius Network had filed a motion to implement a key employee retention plan (KERP) for 62 employees. It said that the employees are essential to its restructuring process and need to be incentivized to continue working. According to the U.S. Trustee, it is not logical that a company that has shut down its operations and owes about $4.7 billion to customers would propose a multi-million bonus scheme for its employees.
Source
/channel/Bitcoin_Crypto_Signals
📣 ParaFi backs Thala Labs’ $6 million raise to build DeFi stack on Aptos: Exclusive
Decentralized finance company Thala Labs raised $6 million to build on buzzy new Layer 1 blockchain Aptos. The seed round is co-led by ParaFi Capital, White Star Capital and Shima Capital, according to a company announcement. Other investors include Beco Capital, LedgerPrime, Saison Capital and Infinity Ventures Crypto.
Thala Labs is a new organization focused on deploying DeFi products on Aptos, a new blockchain co-founded by Avery Ching and Mo Shaikh, both of whom previously worked on Meta’s Diem project. The Aptos blockchain raised $350 million from investors this year including FTX, a16z and Multicoin Capital. It launched its mainnet only last week alongside public trading of its native token APT, which experienced a rocky first week of trading.
Source
/channel/Bitcoin_Crypto_Signals
💸 Web3 publishing platform Paragraph raises $1.7 million: Exclusive
Web3 publishing platform Paragraph has raised $1.7 million in a pre-seed funding round led by Lemniscap. Other investors in the round include FTX Ventures, Binance Labs, GCR and Seed Club Ventures, according to a company release. Founded by Colin Armstrong in 2021, Paragraph is a publishing platform that helps web3 writers, DAOs and NFT communities monetize.
Paragraph aims to challenge legacy publishing giants by offering web3 tools for content creation. Instead of paid subscriptions on a web2 newsletter platform, such as Substack, Paragraph enables content creators and community builders to manage their audience through memberships using either NFTs or ERC-20 tokens. These memberships create new opportunities for engagement — whether that’s gating content with NFTs or rewarding token holders to incentivize growth — according to the company.
Source
/channel/Bitcoin_Crypto_Signals
🇦🇷 Argentina tax authority breaks up crypto mining farm in major crackdown
Argentina’s national tax authority broke up an undeclared crypto mining farm in a so-called “mega operation” leading to the arrest of 40 people, marking the latest action in a series of crypto-related crackdowns there. The tax authority, which goes by AFIP in Spanish, worked with local agencies.
The mining farm allegedly operated out of a shed in the municipality of Quilmes, about 12 miles southeast of the city of Buenos Aires. The farm was operating with stolen cables, and authorities investigated the alleged theft of electricity to mask the crypto mining activities. AFIP has ramped up investigations related to digital asset operations since its director Carlos Castagneto stepped into his role in late July.
Source
/channel/Bitcoin_Crypto_Signals