75201
• Chart • News • Fundamentals • Anything on #Crypto and on its adoption🌎 VIP & Advertising @Jeffross
📣 US government partner Mitre is hiring a web3 economist
Not-for-profit U.S. government partner Mitre is seeking a new economist to help analyze and evaluate the web3 ecosystem, according to a job advertisement posted to LinkedIn. Mitre, according to its LinkedIn page, operates federally funded research and development centers.
The job advert calls for applicants with experience with "digital assets, cryptocurrencies, NFTs, DAOs, DeFi protocols, and/or blockchain applications" plus knowledge "of smart contracts." The new economist will work out of Mitre's Cost & Business Analytics Department. Mitre, according to its LinkedIn page, operates federally funded research and development centers and works to solve the "nation’s biggest challenges in defense, cybersecurity, healthcare, homeland security, the judiciary and transportation."
Source
/channel/Bitcoin_Crypto_Signals
🏦 Coinbase says its staking services are not securities
Missteps in regulating the technology underlying staking ecosystems may have serious — and negative — consequences, including forcing U.S. consumers to less-regulated foreign platforms, Coinbase Chief Legal Officer Paul Grewal argued in a blog post.
“Given the importance of this technology, getting regulation wrong could do serious harm to the development of the crypto industry in the U.S.,” Grewal wrote. By presenting “aggressive mandates” and superimposing securities laws onto the staking ecosystem, regulators may “prevent U.S. consumers from accessing basic crypto services and push users to offshore, unregulated platforms,” he added. Grewal was adamant that Coinbase's staking services are not securities.
Source
/channel/Bitcoin_Crypto_Signals
💰 Celsius' extension request denied by US trustee and creditors as cash burn continues
Several parties have objected to bankrupt crypto lender Celsius's motion to extend its timeline for filing a Chapter 11 restructuring plan once again. The crypto lender, which filed for Chapter 11 bankruptcy protection in July 2022, filed a motion on Jan. 25 to extend its exclusivity period.
Given the rate at which professionals are consuming debtors’ assets, a further extension through June 31st without a proper basis is inappropriate," said William Harrington, the U.S. trustee, a Department of Justice official responsible for overseeing the administration of the bankruptcy case, in a filing. Celsius borrowers echoed these concerns in their own objection citing that Celsius was "consuming enormous amounts of professional fees and the outcome remains highly uncertain."
Source
/channel/Bitcoin_Crypto_Signals
⚡️ Li.Fi Urged Uniswap V3 Not To Launch On The BNB Chain With Only Bridge Provider
According to a governance post published on February 6 by the project, Li.Fi has pleaded with the Uniswap community not to proceed with the present vote to authorize the deployment of Uniswap v3 on the BNB Chain with Wormhole as the sole bridge provider. The team argued in favor of a deployment.
The creation of bridges, especially arbitrary messaging bridges (AMBs), is in its infancy. Wormhole, LayerZero, Celer, Axelar, and deBridge are undoubtedly workable cross-chain governance solutions in the short term and have gained a lot of traction in terms of volume at the liquidity layer and dApp development at the messaging layer. A protocol as large as Uniswap should not rely on only one cross-chain bridge. If the proposal is accepted, the deployment of Uniswap on the BNB Chain may change even further.
Source
/channel/Bitcoin_Crypto_Signals
⚡️ Crypto Exchange Bitfinex Transfers $8.5M to Alameda Consolidation Address
The transfers from Bitfinex to Alameda’s consolidation address have raised questions about the relationship between both firms. Blockchain security firm PeckShield has disclosed a series of transfers from three addresses, including one from crypto exchange Bitfinex to Alameda Research’s consolidation wallet.
According to Etherscan, the address labeled “Alameda Consolidation” received $13 million worth of crypto assets from three different wallets. The first belongs to the leading crypto exchange Bitfinex. It transferred approximately 6 million USDT and 1,545 ether (ETH), amounting to roughly $8.5 million. Although it is unclear why Bitfinex transferred the funds to Alameda, the transactions have raised questions about the connections between the two firms. a recent report revealed that Alameda’s liquidators incurred losses amounting to $11.5 million in the first two weeks of January.
Source
/channel/Bitcoin_Crypto_Signals
⚡️ Metis Announcing Integration With Banxa To Simplify Crypto Adoption
Ethereum scaling solution at Layer 2 Metis has merged with cryptocurrency payment gateway Banxa, allowing Metis customers to utilize Banxa’s fiat-to-crypto on-and-off ramp as well as supported cryptocurrencies like as ether, wBTC, aave, link, and dai.
According to a survey conducted by The Ascent in June of last year, more than 46.5 million Americans planned to purchase bitcoin in the next 12 months. Despite this, 24% of Americans say they don’t understand crypto or digital wallets, and another 17% say they haven’t invested in digital assets because they don’t know how. Metis’ integration with Banxa intends to streamline the crypto onboarding process, particularly at Layer 2, by lowering complexity for customers in an effort to make cryptocurrencies more user-friendly and accessible to the next wave of adopters.
Source
/channel/Bitcoin_Crypto_Signals
⚡️ EIB Launches First £50 Million Digital Sterling Bond On Blockchain
According to Reuters, the European Investment Bank (EIB) said it had partnered with BNP Paribas, HSBC and RBC Capital Markets to launch the first sterling-denominated digital bond issued on the private blockchain.version of the 50 million pounds floating-rate bond, which was recorded on a private blockchain.
The £50 million ($61.6 million) floating-rate bond is registered on a private chain, while the mirror record on the public chain will improve transparency on an anonymous basis, the EIB said. The bank’s tokenization platform, HSBC Orion, provides access to the digital bond. The bank listed the advantages as cost savings, increased effectiveness, and real-time data synchronization. The architecture of the system is distributed by HSBC, BNP Paribas, and RBC Capital Markets. The transaction came after earlier EIB sales of digital bonds denominated in euros.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin miner Gryphon releases operational update ahead of going public
Bitcoin miner Gryphon mined 71 bitcoin-equivalent coins in December, it said in an operational update after announcing plans to go public last week. The miner had an average hashrate of 0.625 EH/s, a 13% month-over-month decrease, in part due to the winter storm.
"Despite this, Gryphon’s bitcoin efficiency for December increased by 7% from November and remained tied as the top performing operation for the month," it said in a statement. The company has a 22.5% net operating profit interest royalty with a third party, whose reported hashing power is around 0.37 EH/s, it said. Gryphon will go public via a deal to buy Akerna Corp. in an all-stock transaction. The company is going public via a deal to buy cannabis software company Akerna.
Source
/channel/Bitcoin_Crypto_Signals
💰 White House Blames Congress for Failure to Enact Crypto Regulations
The White House pointed the finger at Congress Friday for stalling on a comprehensive, national crypto regulatory framework, outlining numerous actions lawmakers could take to reign-in fraud and bad actors in the crypto sector. The post goes on to highlight a number of moves Congress could make immediately.
Stablecoins are cryptocurrencies whose values are tied to sturdy assets like gold and the U.S. dollar; this relationship is meant to keep the values of stablecoins relatively constant, even in periods of crypto market volatility. That theory has been repeatedly tested, however, most notably last May when so-called algorithmic stablecoin UST de-pegged from the U.S. dollar and subsequently collapsed, leading to a chain of events that wiped out some $40 billion in value. UST was not actually backed by a reserve of dollars.
Source
/channel/Bitcoin_Crypto_Signals
📣 DeFi Will Drive The Next Crypto Bull Market, Says Pantera Capital In A Letter 2023
Pantera Capital, a crypto hedge fund, believes that decentralized finance (DeFi) which is one segment of the digital asset field will be the driving force behind the next bull market cycle. DeFi stayed to be totally intact in 2022, despite decreased rates for top protocols.
According to Pantera’s newest newsletter, CIO Joey Krug, decentralized finance (DeFi) will serve as the cornerstone for the next bull market. However, the CIO, who helps administer the $6.9 billion fund, claims that DeFi stayed to be totally intact in 2022, despite decreased rates for top protocols. Krug believes that 2022, with its numerous crypto blow-ups and falls, was the most turbulent year in crypto history. Krug claims that the code that regulates DeFi protocols has shown to be superior to humans who rely on arbitrary reasoning to persuade their users to trust them.
Source
/channel/Bitcoin_Crypto_Signals
📣 Securities and Exchange Commission’s ‘regulation by enforcement’ is stalling crypto, Grayscale CEO says in WSJ
Grayscale Investments CEO Michael Sonnenshein bashed the Securities and Exchange Commission’s “one-dimensional approach of regulation by enforcement” in a letter to The Wall Street Journal. The SEC’s inaction has prevented bitcoin’s advancement into the U.S. regulatory perimeter, often forcing U.S investors offshore.
The original WSJ opinion piece argued that securities regulators seem to be "more interested in protecting their turf than protecting investors.". Grayscale filed a lawsuit against the SEC in July after the commission rejected the firm’s application for a spot bitcoin ETF. Digital Currency Group is the parent company of Grayscale and Genesis, the troubled crypto lender that recently filed for bankruptcy protection. at the expense of U.S. investors,” Sonnenshein wrote.
Source
/channel/Bitcoin_Crypto_Signals
🏦 Coinbase Expands its Partnership With German Soccer Club Borussia Dortmund
Coinbase will serve as the Premium Partner of Borussia Dortmund until the end of June, 2023. The US-based cryptocurrency exchange – Coinbase – reportedly doubled down on its agreement with one of the most successful German soccer teams – Borussia Dortmund (BVB).
Coinbase started its partnership with Borussia Dortmund in July last year by running ads on the video screens in the club’s stadium. According to recent coverage, the two have expanded their collaboration. Following the new terms, Coinbase will serve as BVB’s Premium Partner, promote its products and services on Signal-Iduna-Park (the club’s home ground and Germany’s largest stadium), and provide crypto education programs for the team’s employees. The deal, which turned the platform into a Premium Partner of the Bundesliga club.
Source
/channel/Bitcoin_Crypto_Signals
📶 Ether Capital CEO: The ‘age of tokenization’ of real-world assets is coming
Regardless of setbacks, developers must deliver code when it is ready, not when investors demand it out of profit-driven motivations, Ether Capital CEO Brian Mossoff told The Block. real world assets begin to show up in markets like Uniswap, Mossoff said.
Mossoff says he is “bullish on Ethereum staking in 2023,” arguing that upgrades to the protocol — like the long-awaited switch to proof-of-stake and a soon-to-be-release update that will allow unstaking on the network — will potentially drive additional capital into ETH. Ether Capital recently upped its staked ETH balance by 7,488 ETH ($11.8 million). This brings the total amount staked by the company to 28,000 ETH ($44.2 million), or about 62% of its total ETH holdings.
Source
/channel/Bitcoin_Crypto_Signals
🏦 Coinbase halts operations in Japan citing 'market conditions'
Crypto exchange Coinbase has paused its business in Japan and has advised customers to withdraw their assets from the platform, the company announced on Wednesday. Coinbase blamed the current market conditions for the move.
The exchange stated that it would do a complete post-mortem of its operations in the country following the decision. Coinbase Japan customers have until Feb. 16 to withdraw their assets. Users can choose to withdraw their funds in either fiat or crypto, the announcement stated. Those who fail to do so after Feb. 17 will have to liaise with Japan’s Legal Affairs Bureau — the country’s civil administrative office.
Source
/channel/Bitcoin_Crypto_Signals
⚡️ Korbit’s Strengthen Account Monitoring, Report Request From Employees’ Family Accounts
Korbit, a South Korean crypto exchange, decided to monitor not only the employees but also the Korbit accounts of the employees and their families, according to the news site News1 Korea.Family members of the company executives and staff will now be required to report their accounts to Korbit.
According to the Enforcement Decree of the Specified Financial Information Act (Special Act), executives and employees of virtual asset exchanges cannot trade virtual assets on the exchange they are working for. However, the law does not apply to the family members of executives and employees. In addition, the exchange has strengthened overall internal control standards, such as the prohibition of unfair trade and conflicts of interest.
Source
/channel/Bitcoin_Crypto_Signals
⚪️ Nexo Stopped Offering Lending Products In The US In April After Paying A Fine Of $45M
Cryptocurrency lending platform Nexo will stop offering its “Earn Interest Product (EIP)” lending product to all US customers (including citizens and residents) on April 1. “We ask that you begin planning the withdrawal of your funds at a convenient time by this date,” the company said in a blog post, adding that no other Nexo services will be affected.
The course of action “reflects our belief that the development of clear regulatory frameworks is the best way to protect the crypto industry and usher it into the mainstream safely and compliantly,” the company said. Nexo began offering EIPs to US customers in June 2020. The SEC previously accused Nexo of issuing and selling EIPs without registration. Nexo agreed to pay a $22.5 million fine to the SEC and an additional $22.5 million to settle similar fees brought by state regulators. the crypto company has agreed to pay a $45 million fine and stop offering EIPs.
Source
/channel/Bitcoin_Crypto_Signals
🟠 Voyager Digital Plans To Recover User Money Through Binance.US Accounts
Bankruptcy cryptocurrency company Voyager Digital seeks court permission to recover users’ funds through Binance.US accounts.Voyager US customers will need to provide personal information such as email address, social security number, and date of birth to create their Binance.US account.
According to court filings, insolvent crypto broker Voyager Digital has filed a plan for customers to get their assets back through Binance US. The documents show that Voyager Digital’s deal with Binance.US is expected to close in March and allow users to withdraw funds. However, users in Hawaii, New York, Texas, and Vermont will have to wait another six months as they cannot create accounts on Binance.US. Binance.US did not obtain the necessary licenses or authorizations to operate in unsupported countries within six months of the end of the acquisition agreement.
Source
/channel/Bitcoin_Crypto_Signals
🪙 ENS DAO Passed Proposal To Sell 10,000 Ether To Support ENS Labs
The ENS DAO has decided to liquidate 10,000 ETH for USDC in order to pay for running expenses for the following two years.Delegates of the Ethereum Name Service (ENS) DAO have decided to sell 10,000 Ether from the DAO’s funds in order to pay for the project’s operations for the upcoming 18 to 24 months.
The initial submission of the governance plan was made on January 18. Tally data shows that 89% of participants supported the plan, which also seeks to lessen the project’s exposure to Ether in the event of a market move to the negative. ENS Foundation chair Brantly Millegan and founder Nick Johnson are two prominent ENS figures who backed the decision. The ENS DAO will now sell 10,000 ETH on the decentralized exchange aggregator CoW Swap, anticipating at least $13 million in the USDC stablecoin in return. This fund will come from the project’s.
Source
/channel/Bitcoin_Crypto_Signals
⚡️ Trader Joe's native token 'joe' goes omni-chain with LayerZero partnership
Decentralized exchange Trader Joe, not to be confused with the American grocery chain, has partnered with interoperability protocol LayerZero to convert its native ERC-20 token "joe" into an omni-chain fungible token (OFT). The integration will enable joe tokens to be easily transferred from its native chain.
LayerZero relies on a unified "omni-chain" communication protocol that can be used to move assets back and forth between blockchains. Such tokens are moved through LayerZero's decentralized communication protocol rather of relying on wrapping — a process where tokens have to be minted and burned continually. LayerZero's approach is considered more secure than wrapping, the Trader Joe team noted in a blog post. It also caters to lending and borrowing requirements of crypto users.
Source
/channel/Bitcoin_Crypto_Signals
🆘 tZero Cryptocurrency Trading App Will Stop Working On March 6
Trading platform tZero will be shutting down its tZero Crypto app, which combines digital wallets with exchange services, on March 6, the company tweeted Friday morning. The app outage comes as the company struggles to build its business while regulators are looking for specific regulations to control the crypto market.
Users will have to withdraw their assets from the app before tZero Crypto ceases operations on March 6. Until then, the platform’s custodians will continue to custody customer cryptocurrencies. TZero Crypto was launched in 2019 to create the first platform where customers can trade cryptocurrencies, blockchain-based securities, and traditional stocks using a single application, pending approval, according to the law. But those aspirations are complicated by the company’s troubles with regulators and other controversies.
Source
/channel/Bitcoin_Crypto_Signals
🪙 Tether denies it borrowed $2B from Celsius, as described in court report
According to a nearly 700-page report filed Tuesday from court-appointed examiner Shoba Pillay, Celsius at one point had lent approximately $2 billion to Tether. But Tether, which also invested in Celsius, denies it ever borrowed funds from the failed firm.
The document contains a mistake/typo, probably due to the amount of workload and pressure that putting together this filing required and this resulted in a mischaracterization,” Paolo Ardoino, Tether's chief technology officer, said in a statement provided to The Block. "In fact, in the document Celsius is referred as the counterparty that had to post additional margin, an activity that is performed in fact by the borrower, in order to remain within the agreed risk parameters.
Source
/channel/Bitcoin_Crypto_Signals
🇬🇧 UK Regulator Has Launched An Investigation Into Charities Linked To FTX
Accordingly, the charity reported this as a serious incident as FTX’s charity fund is an essential donor to the charity. The investigation was opened on December 19, 2022, under section 46 of the Charity Act 2011. The trustees have fulfilled their duties and responsibilities in submitting the RSI, and there is no indication that they have done wrong at this time.
The regulator’s investigation will focus on the extent to which the charity’s assets are at risk and the time to which the trustee is complying with legal obligations, administration, and management of the trustee’s charity, including the charity’s relationships between the trustees and their donors, conflicts of interest, etc. In addition, the regulator may expand the scope of the investigation as appropriate. An investigation has been opened to establish the facts and help ensure trustees protect the charity’s support.
Source
/channel/Bitcoin_Crypto_Signals
🇺🇸 White House Requests Public Comment On Crypto Assets As Upcoming Policies In 2023
The Biden Administration is seeking public feedback on crypto assets and blockchain technology in order to develop future crypto policy. The White House’s Office of Science and Technology Policy (OSTP) has requested public assistance in identifying critical areas of the crypto industry that require additional research.
The White House also asks the public in the document which segments of the market they believe virtual assets are affecting. The White House goes on to say that it is now investigating the prospect of developing a central bank digital currency (CDBC), or a crypto asset backed by a country’s central bank and that it would like to know what the public thinks of a US CDBC. The White House is now investigating the prospect of developing a central bank digital currency (CDBC).
Source
/channel/Bitcoin_Crypto_Signals
💰 Optimism (OP) hits new ATH despite 70% transaction volume decline
Layer 2 (L2) network Optimism (OP) transaction volume has declined by over 70% to 200,000 from an all-time high (ATH) of 800,000, according to Etherscan data. Meanwhile, despite the steep decline in its transaction volume, Optimism’s OP printed a $2.49 ATH on Jan. 25.
Binance research pointed out that the decline in volume coincided with Optimism ending its NFT incentive program, “Optimism Quests,” on Jan. 17 — the NFT program majorly drove user engagements and transactions to the L2 network. For context, the L2 network registered over 600,000 transactions on Jan. 17 and declined by over 50% to 239,000 by Jan. 18, according to Etherscan data. Since then, the network volume has ranged between 160,000 – 200,000. Optimism’s growth was inorganic in 2022 because incentives in its ecosystem fueled its growth.
Source
/channel/Bitcoin_Crypto_Signals
💰 MakerDAO community backs plan to deposit $100 million into Yearn Finance
Governance members of Dai stablecoin issuer MakerDAO have approved a preliminary proposal to deposit $100 million worth of the USDC stablecoin from its reserves into a special investment account known as a "vault" managed by Yearn Finance.
The partnership between MakerDAO and Yearn Finance, which was first suggested in November 2022 by Yearn, a yield aggregator, still needs final approval through an executive vote. Executive Votes are the final step in the Maker Governance process and are used to implement technical changes to the Maker Protocol. The vault has a limit of $100 million and is expected to earn an estimated yield of 2% per year for MakerDAO, worth $2 million.
Source
/channel/Bitcoin_Crypto_Signals
💰 Sushi DAO implements proposal to direct all trading fees to treasury
Sushi DAO is set to implement a governance action that will see all fees generated by the SushiSwap decentralized exchange diverted to the DAO’s treasury, following the results of its latest vote on Monday. unlike the previous one which was a tight contest.
Sushi’s new “Kanpai” ratio now goes into effect following the vote. Kanpai is SushiSwap’s fee-diversion protocol. It enables the DAO to determine how much of the exchange’s trading fees can be sent to the treasury. The default Kanpai ratio is 10% but this vote has now raised the figure to 100%. the Kanpai ratio should revert to its original form on Dec. 19, 2023, unless a new tokenomics model is adopted before then. Sushi token holders will not receive rewards from trading fees during this period.
Source
/channel/Bitcoin_Crypto_Signals
💸 Brett Harrison Raised $5 Million From Coinbase, Circle For New Crypto Company
Former FTX.US CEO Brett Harrison raised $5 million from well-known investors to create Architect, a new cryptocurrency firm. Architect will develop trading software to make both centralized and decentralized cryptocurrency markets more.
According to reports, Architect will serve institutional customers and provide them access to both the controlled and decentralized cryptocurrency markets. Harrison expressed his hope that Architect will help institutions restore their confidence in the cryptocurrency business in an interview with Bloomberg. Harrison has reportedly collected the fund from well-known industry investors, including Coinbase Ventures and Circle, according to a report from Bloomberg News.
Source
/channel/Bitcoin_Crypto_Signals
🆘 Raydium hacker funnels $2.7 million through Tornado Cash mixer
An Ethereum address connected with an exploit of Raydium laundered $2.7 million in ether (ETH) through Tornado Cash on Jan 19., security firm CertiK noted. In December Raydium, a decentralized exchange built on the Solana blockchain, was hacked for over $4.4 million in different assets.
The hacker was able to withdraw Raydium's liquidity pool (LP) tokens into their control after compromising the admin account keys powering Raydium's smart contracts. The hacker later moved the stolen funds to Ethereum. More than a month after the incident, an address labeled by Etherscan as the exploiter of Raydium, transferred $2.7 million in stolen assets to Tornado Cash. Hackers often funnel stolen assets to Tornado Cash because it allows them to obscure the transaction history.
Source
/channel/Bitcoin_Crypto_Signals
🪙 Filecoin Foundation set to test IPFS-based communication in space
Filecoin Foundation, the governance entity that controls the Filecoin network, is moving forward with its plan to launch a decentralized file system in space this year, the foundation announced on Tuesday. Filecoin itself, a decentralized storage network, uses IPFS for its protocol.
Filecoin Foundation will deploy the interplanetary file system (IPFS) in space aboard a Lockheed Martin satellite, the announcement stated. This follows on from an earlier partnership between Filecoin and the U.S. aerospace tech firm to design a decentralized file storage system for the space industry. A particular focus will be on the viability of space-to-ground communication using IPFS. Instead of referencing content by unique identifies, it references content by its location on a server.
Source
/channel/Bitcoin_Crypto_Signals
🆘 Over $3.7B Lost in 303 Blockchain Security Attacks in 2022: SlowMist
2022 was indeed a challenging year for the crypto industry, marked by significant declines in the value of major assets, liquidity issues for many firms, and an unfortunate number of bankruptcy filings. The industry also faced substantial security threats as hackers stole billions of dollars from users and DeFi protocols.
According to the document, 303 blockchain-related security incidents happened last year, resulting in losses of an estimated $3.7 billion (calculated at the market price at the time of the exploit). The report revealed that about 255 security incidents affected various ecosystems, including DeFi, cross-chain bridges, and non-fungible tokens (NFTs). Additionally, there were ten security incidents involving crypto exchanges, 11 attacking public chains, six exploiting wallets, and 21 of other types.
Source
/channel/Bitcoin_Crypto_Signals