75201
• Chart • News • Fundamentals • Anything on #Crypto and on its adoption🌎 VIP & Advertising @Jeffross
📣 Cathie Wood Accuses US Regulators Of Denying Citizens’ Access To Crypto Assets
In a recent tweet by Ark Invest CEO, Cathie Wood shared her views on why U.S. regulators are consistently blocking citizens from accessing crypto assets while they are transparent and auditable.In the sharing, Cathie Wood spoke of the central banking crisis skyrocketing after the collapse of Silicon Valley Bank. The administration had suggested that investors in regional banks should be prepared to be “wiped out”.
Earlier, the CEO of Ark Invest predicted that Bitcoin’s strength during the recent banking crisis would bring institutional investors who regulators have pushed away from centralizing their investments to pay attention to bitcoin on their balance sheet. Bitcoin is up almost 70% this year and 21% this month as small crypto-friendly banks like Silvergate and Signature have been lost along with Silicon Valley Bank. Even mainstream banks like First Republic and Credit Suisse were hit hard enough to require a significant rescue. This has led Cathie Wood to question why U.S. regulators prevent access to crypto assets when they are decentralized.
Source
/channel/Bitcoin_Crypto_Signals
🇧🇪 Belgian Regulators Introduce New Rules Requiring Crypto Ads To Warn Of Risks
Belgian regulator, the Financial Services and Markets Authority (FSMA), has announced new laws requiring accurate crypto ads and warning investors of the risks involved. The move follows a recent FSMA survey revealing that crypto investors in Belgium are often motivated by the prospect of making a quick profit, as per CoinDesk.
Under the new rules, any mass media campaign promoting digital currency must be submitted to the FSMA ten days in advance, allowing the regulator to intervene if necessary. The rules will take effect on May 17, and failure to comply could result in fines. The FSMA study found that the chance to make money quickly was the leading reason why people traded in virtual currencies, with investors seemingly undeterred by the volatility of the market or the collapse of major exchanges such as FTX. To combat the risks associated with crypto investing, ads must now include a warning that “the only guarantee in crypto is risk.”.
Source
/channel/Bitcoin_Crypto_Signals
📣 Former Coinbase CTO: The Oncoming Crisis Will Push Bitcoin Value To $1 Million
Former Coinbase CTO Balaji Srinivasan wagered $2 million that Bitcoin will reach $1 million in 90 days. Balaji Srinivasan’s wager comes with investor James Medlock, after James Medlock offered a $1 million bet predicting the US won’t plunge into hyperinflation despite the near-collapse The following is a list of banks in the United States.
Balaji Srinivasan clarified his stance and reasoning for betting with James Medlock in a tweet on his personal Twitter on March 17: According to Balaji Srinivasan, the current condition of US banks is identical to the 2008 crisis, except this time central banks and regulators have fooled all holders and sent USD. The former Coinbase CTO believes the oncoming crisis will cause the US currency to depreciate, and that people, corporations, and major funds would acquire Bitcoin to hedge against hyperinflation in the next weeks, driving up the price of BTC to $1 million USD.
Source
/channel/Bitcoin_Crypto_Signals
📶 Over 600K Addresses Qualified For Arbitrum Airdrop With 1,895 Tokens On Average
A recent report by Blockworks Research has revealed that over 600,000 addresses were eligible for the Arbitrum airdrop, accounting for 23.5% of the total addresses. The average airdrop size was 1,895 tokens, with 625 making up the main proportion, accounting for 16.8% of the total airdropped tokens. Offchain Labs CEO Ed Felten has stated that the tokens reserved for insiders will be subject.
Arbitrum, a Layer 2 scaling solution for Ethereum, is set to have a total circulation of 10 billion tokens. Of that total, the Arbitrum community will control 56%, with the remaining 44% going to investors and employees of Offchain Labs, the development firm behind the platform. The airdrop will grant eligible Arbitrum users 11.5% of the total supply, while DAOs operating in the Arbitrum ecosystem will receive 1.1%. The remaining community tokens will be held in a treasury controlled by the new Arbitrum DAO, with ARB holders having the power to vote on how the funds should be disbursed.
Source
/channel/Bitcoin_Crypto_Signals
📣 TRU Price Rose 20% When Fee For Trading Pairings Other Than BTC/TUSD Was Announced.
Binance announced the end of the free BTC trading promotion, however it still applies to the BTC/TUSD pair. Although Binance does not yet collect fees for trading Bitcoin, it does so for deals involving Bitcoin and Tether USD. Because of this move, the price of TRU rose by more than 20% in less than an hour. Binance celebrated the fifth anniversary of its founding by introducing free trading of bitcoin.
According to the release, only the BTC/TUSD pair is now free to spot; the remaining pairs will all begin charging the regular transaction cost from 7:00 a.m. on March 22, 2023. This action demonstrates that Binance is “pivoting” to stablecoin TUSD after terminating its association with BUSD because to Paxos’ legal issues with US authorities. Binance a great deal of criticism. Despite this, the floor has maintained its 0 dong fee ever since. On the other hand, Binance made an unexpected announcement on March 15, 2023, stating that free Bitcoin trading will be halted.
Source
/channel/Bitcoin_Crypto_Signals
⚡️Layer-2 Aztec Solution Eliminates The Connect Security Bridge Due To Regulatory Demands
Project for a Layer-2 solution Ethereum Due to regulatory demands on the “mix transaction” functionality, Aztec submitted a notification to permanently close the Connect security bridge. One week after the notification, deposits to smart contracts made using Aztec Connect products like as zk.money and zkpay.finance would be denied.
On March 13, Aztec Network, a layer-2 Ethereum solution that has evolved toward zk-rollups and is primarily concerned with the confidentiality of transactions, announced that it would be decommissioning a crucial part of the jigsaw puzzle. The Connect security bridge is what the infrastructure consists of in this case.The project issues a warning that deposits to smart contracts made using Aztec Connect products, such as zk.money and zkpay.finance, will be blocked one week after the news is made. Nonetheless, customers will be able to continue making cash withdrawals for one more year, until March 21, 2024.
Source
/channel/Bitcoin_Crypto_Signals
⚪️ Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse
Huobi, a leading cryptocurrency exchange, announces the launch of USDC/USDT perpetual futures, offering users the ability to trade with high leverage and hedge their positions. According to the official announcement, Huobi will be launching USDC/USDT perpetual futures at 3:00 (UTC) on March 12, 2023. giving traders the opportunity to amplify their profits, albeit at a higher risk.
Huobi has been steadily expanding its futures offerings, and the addition of USDC/USDT perpetual futures is seen as a strategic move to capture a share of the growing stablecoin market. USD Coin and USD Tether are among the most popular stablecoins in the market, and their value is pegged to the US dollar, making them less volatile than other cryptocurrencies. According to Huobi’s announcement, the USDC/USDT perpetual futures will be available with up to 50x leverage, giving traders the opportunity to amplify their profits, albeit at a higher risk. The exchange has also stated that it will be implementing robust risk management.
Source
/channel/Bitcoin_Crypto_Signals
📣 Gwyneth Paltrow backs web3 art platform Wild in seed round led by Matrix Partners
Web3 art platform Wild raised a $7 million seed funding round led by Matrix Partners. Actress Gwyneth Paltrow, LinkedIn co-founder Reid Hoffman and Twitch co-founder Kevin Lin also took part in the round, which closed late last year, said Wild founder and Chief Executive J. Douglass Kobs in a written interview with The Block.
Kobs, who previously founded proptech firm Apartment List, is aiming to create a platform where artists building with blockchain can be supported while fans and collectors can easily access creator-made collections. Part of this includes the Wild Residency, an application-based virtual residency program where artists are paired with advisers over 12 weeks for a crash course on creating NFT art. At the end of the program, the artists release collections, sold via auction on the platform. adding that she's an "early adopter" of web3 and NFTs.
Source
/channel/Bitcoin_Crypto_Signals
🟠 Binance US’s Voyager Acquisition Is Finally Approved By Court, VGX Soars 20%
A US bankruptcy court judge has approved a debt restructuring plan for Voayger, a crypto lender that went bankrupt in mid-2022, including a deal to sell itself to Binance US for $1.02 billion. The plan has been approved by 97% of Voyager’s creditors, predicting it could restore up to 73% of assets to cash-strapped users on the company’s investment platform.
Notably, the above deal was opposed by the U.S. Securities and Exchange Commission (SEC) and the New York state government. However, the Court still allowed the transaction to proceed with Binance US acquisition service because it did not provide convincing evidence. Due to the tense legal situation, Binnace wanted to give up the acquisition at one point, but today, according to an official announcement, Binance US is pleased to announce the Court’s decision. Even so, the judge said he could still change his mind if he received new information. In addition, the deal could still fall apart if the federal government intervenes.
Source
/channel/Bitcoin_Crypto_Signals
🪙 Cosmos Hub Takes Action Against ATOM AirDrop Scam
The official Twitter account of Cosmos Hub recently issued a warning about a fraudulent bill known as “Atom AirDrop” Prop640. The tweet advised individuals not to click on any links associated with the document, as they are considered harmful. Cosmos Hub urged users to be cautious and warned them that the fraudulent bill.
The management page indicated that the proposal had not yet garnered the minimum number of votes. The current level of support for the proposal was only 0.44%, and the voting period will end on March 20. It is important to exercise caution when dealing with suspicious bills and proposals, as they may be designed to cause harm or defraud unsuspecting individuals. Individuals should be careful about clicking on links from unknown sources, especially those related to proposals or bills that seem too good to be true. The Atom AirDrop Prop 640 is one such proposal that appears to be fraudulent.
Source
/channel/Bitcoin_Crypto_Signals
🪙 Aave V3.0.1 To Launch On Polygon zkEVM Mainnet For Improved Governance On L2
The Aave community is currently discussing the deployment of Aave V3 MVP on the Polygon zkEVM mainnet through a temperature check governance discussion. The discussion aims to deploy Aave V3.0.1 on zkEVM L2 to position Aave Governance strategically on the network as soon as possible.
Aave V3 deployment requires less development effort, and the proposal suggests limiting asset inflow and setting conservative risk parameters to reduce risk. The limitations proposed would allow development and risk service providers to conduct in-depth analysis of the zkEVM network, reducing the likelihood of risk. The proposal recommends adding only three collaterals (WETH, WMATIC, and USDC) and one loanable asset (USDC) to reduce risk. Aave V3 has been successfully deployed on the zkEVM testnet and has been running for approximately six months.
Source
/channel/Bitcoin_Crypto_Signals
🚨Leading CryptoNews Channel🚨
Cryptocurrency ↪ Inside
⚠️ Crypto News
⛓ Onchain analytics
🗓 Market updates/insights
↪/channel/Cryptocurrency_Inside
No Subscription Fee
Free of Advertising
📣 97% of Voyager Customers Approve Restructuring Plan with Binance US
Bankruptcy cryptocurrency lending platform Voyager has officially announced on Twitter that 97% of its customers (corresponding to 98% of the complaints) have agreed to the proposed chapter 11 restructuring. The plan will be discussed during the bankruptcy hearing subsequent Thursday (March 2).
Under the restructuring plan, the company agreed to sell some of its assets to Binance US for $1 billion. According to court filings on the evening of February 28, 98% of claims from account holders were worth more than $500 million, with unsecured claims accounting for another $3 million or more (of which $2.95 million is an unsecured claim against TopCo and $40,000 is a claim against the parent company). The company will appear at a bankruptcy hearing on Thursday, where its attorneys will seek court approval.
Source
/channel/Bitcoin_Crypto_Signals
🟠 Binance.US Faces Legal Challenge From Texas Over Restructuring And Terms
In a recent court filing, Texas has raised objections to the proposed deal between Voyager Digital Ltd. and Binance.us. The state argues that the disclosure statement is inadequate and that the plan cannot be confirmed as sufficient information has not been provided to inform general unsecured creditors.
The disclosure statement also fails to provide adequate information regarding the transfer, use, and indemnity requirements that account holders must agree to when using Binance.us services. Under Binance.us’s terms of use, customers’ information can be transferred to almost any company or person that Binance.us desires, and if any issues arise, customers have no right to challenge them. The plan also discriminates unfairly against Texas consumers by holding their assets for six months post-confirmation.
Source
/channel/Bitcoin_Crypto_Signals
🚨Leading CryptoNews Channel🚨
Cryptocurrency ↪ Inside
⚠️ Crypto News
⛓ Onchain analytics
🗓 Market updates/insights
↪/channel/Cryptocurrency_Inside
No Subscription Fee
Free of Advertising
🦊 MetaMask’s Latest Update Brings Seamless Crypto Purchases To Nigerian Users
In collaboration with MoonPay, a top web3 infrastructure company, ConsenSys, a leading software company for Ethereum and decentralized protocols, has announced an expansion of its MetaMask self-custody wallet offering in Nigeria. The new addition aims to provide a more seamless, faster, and cheaper experience for users in Nigeria, where purchasing and selling crypto using credit/debit cards has been challenging.
Nigeria has been steadily adopting grassroots crypto, with almost 12.4 million people, 5.7% of the country’s population, estimated to own crypto assets. Nigeria is also among MetaMask’s top markets globally, ranking third in mobile active users and among the top ten countries for visitors to metamask.io. With this expansion of MetaMask’s offering in Nigeria, Nigerian users will be able to access web3 more efficiently and obtain tokens more conveniently without setting up an account with a centralized crypto exchange. Lorenzo Santos, Senior Product Manager at MetaMask, said this expansion was an essential next step in a critical market.
Source
/channel/Bitcoin_Crypto_Signals
📣 Several Crypto Mining Operations Busted in Russia
Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming legislation for the industry.
Police and power suppliers have uncovered and dismantled illegal crypto mining installations in Siberia and Southern Russia, local crypto news outlets reported this week, quoting authorities. In one of the cases, the organizers of a mining enterprise have been charged with stealing large amounts of electricity. Employees of Rosseti North Caucasus found a fairly large improvised mining farm in Shpakovsky district of the Stavropol Krai. Together with law enforcement, they confiscated 66 ASIC miners, the region’s power electric company announced on Friday.
Source
/channel/Bitcoin_Crypto_Signals
🏦 Bithumb Is Under Investigation For Illegal Virtual Asset Exchange Listing
The prosecution is also looking into the executives and staff of Bithumb for listing virtual currencies in return for money. On March 17, it was announced that, similar to the South Korean encryption exchange Coinone, workers of Bithumb, another South Korean encryption exchange, are being investigated by authorities for allegedly accepting money to list cryptocurrencies.
The Seoul Southern District Prosecutors Office’s Financial Investigation Division 2 seized and searched the office of Bithumb Holdings and the suspect Lee. The prosecution is looking into Mr. Lee, an employee of Bithumb Holdings, the parent firm of this virtual asset exchange, for listing a specific virtual currency on the exchange for money. The Seoul Southern District Prosecutor’s Office’s Financial Investigation Division 2 (Chief Prosecutor Chae Hee-man) is claimed to have seized and searched Bithumb Holdings’ office and her aunt’s house.
Source
/channel/Bitcoin_Crypto_Signals
🇺🇸 SEC Proposes To Vote On The New Law To Enhance Privacy And Cybersecurity
The Securities and Exchange Commission (SEC) will vote on new regulations and adjustments to strengthen cybersecurity, privacy, and technology infrastructure standards, which officials say may include cryptocurrency. The five-member panel will vote on cybersecurity, consumer financial information privacy, and technological infrastructure.
The agency will also decide whether to propose a new rule requiring brokers, clearinghouses, and other companies to have written procedures in place to address threats. The customer notification rule would give businesses no more than 30 days to notify individuals whose sensitive information was likely accessed without consent. The new rule would be added to the agency’s 24-year-old legislation overseeing financial institutions’ data privacy, which Gensler linked to rising claims of identity theft. In September, a subsidiary of Morgan Stanley agreed to pay $35 million to settle SEC allegations, according to Gensler.
Source
/channel/Bitcoin_Crypto_Signals
🟠 Rumor: Binance Borrowed CoinMarketCap To Buy Back CoinDesk
There are rumors that Binance is looking to borrow CoinMarketCap’s hand to buy the leading cryptocurrency news site CoinDesk. CoinDesk has been for sale since January 2023, when the parent company Digital Currency Group and lending branch Genesis were in crisis and were aggressively demanded money by creditors.
Digital Currency Group gives CoinDesk’s valuation as $300 million, but the actual figure could be much lower and is rumored to be around $75 million. According to a source from Blockworks, the market-leading cryptocurrency news site CoinDesk has been contacted by Binance Capital Management for possible acquisition. The source confirmed that Binance Capital Management is using CoinMarketCap as the agent to promote the CoinDesk acquisition agreement. Binance Capital Management is an entity registered in the British Virgin Islands, owning a subsidiary acquired in 2020 for $ 400 million, a crypto data statistics site CoinMarketCap.
Source
/channel/Bitcoin_Crypto_Signals
🚨Leading CryptoNews Channel🚨
Cryptocurrency ↪ Inside
⚠️ Crypto News
⛓ Onchain analytics
🗓 Market updates/insights
↪/channel/Cryptocurrency_Inside
No Subscription Fee
Free of Advertising
📣 Pantera Capital Is The Most Recent Investment In Silicon Valley Bank
Pantera Capital, a crypto-focused venture capital and investment firm, reportedly had assets with the now-defunct Silicon Valley Bank (SVB), according to a regulatory filing last month. Pantera Capital recently had assets in Silicon Valley Bank, according to a regulatory report made last month (SVB). Pantera cited SVB as one of three custodians for its private assets in a Feb.
Silicon Valley Bank displayed symptoms of liquidity deficit earlier this week, forcing it to sell securities at a loss and issue new shares in order to obtain more funds, but it was unsuccessful. The California State Financial Conduct Authority (CSFCA) and the Federal Deposit Insurance Corporation (FDIC) were obliged to act, closing institutions and seizing assets. The FDIC indicated that insured clients would be able to withdraw next Monday, but uninsured depositors will have to wait for the bank’s assets to be liquidated. In January, the company warned that its liquidity token fund will lose 80% of its value by 2022.
Source
/channel/Bitcoin_Crypto_Signals
📣 Babylon to bring Bitcoin security to chains in the Cosmos ecosystem
Babylon released its testnet today, a starting point in its journey to enable blockchains in the Cosmos ecosystem to use the security of the Bitcoin blockchain. In the summer, it’ll launch a second testnet before a mainnet launch toward the end of the year. Unlike most blockchain platforms, the Cosmos ecosystem lets every application have its own blockchain.
The project has seen support from the wider community. It received $8 million of funding over the last year, through a SAFE plus token warrent round led by IDG and Breyer Capital, which has not been previously disclosed. EigenLayer founder Sreeram Kannan has backed the project, which also touts Zaki Manian, co-founder of Sommelier Protocol, as an advisor. Plus, it’s seemingly gained traction with Osmosis, one of the leading Cosmos chains. That means instead of one set of validators securing a network that supports many applications, each application has to have its own set of validators.
Source
/channel/Bitcoin_Crypto_Signals
🇺🇸 SEC Charges Green United With Running An $18 Million Crypto Mining Scam
The US Securities and Exchange Commission (SEC) has filed a lawsuit against Green United, accusing the Utah-based company of selling fake encryption mining equipment worth $18 million in violation of federal securities laws. According to the SEC’s complaint, Green United and two individuals.
Investors were allegedly told that mined GREEN tokens support a “public global decentralized grid” while generating handsome returns of 40% to 50% per month. Investors were also told that the success of their investment depended on Green United maintaining control of its “Green Boxes,” which would be hosted remotely in data centers controlled by Green United. Their machine-generated GREEN tokens will be distributed to investors.However, the SEC claimed the hardware sold didn’t mine GREEN as it was an Ethereum-based ERC-20 token that could not be mined and the Green Blockchain didn’t exist.
Source
/channel/Bitcoin_Crypto_Signals
🆘 Paxos Vault Hack: Over $130 Million Worth Of BUSD Stolen
According to the latest monitoring data from Whale Alert, a total of 130,480,000 BUSD was destroyed in the Paxos vault. This process of destroying digital assets is known as “burning,” and it is a common practice in the cryptocurrency world. It is one of several stablecoins that have gained popularity in recent years due to their ability to maintain a stable value.
The process of burning BUSD involves permanently removing the tokens from circulation. This is typically done to maintain the stability of the currency by reducing the total supply of tokens in circulation. It can also be done to comply with regulatory requirements or to address other technical issues. Paxos is a regulated financial institution that provides a range of blockchain-based services. The company’s stablecoin, which is pegged to the value of the US dollar, is designed to provide users with a secure and reliable way to store and transfer funds.
Source
/channel/Bitcoin_Crypto_Signals
📣 Silvergate’s network unravels, leaving crypto industry in search of new partners
Silvergate Capital is running out of customers as quickly as it’s running out of time and money, and that’s likely to leave the already beaten-down crypto industry in the U.S. with few places to turn for banking partners. The crypto-friendly bank has seen a who’s who of the industry peel away on Thursday.
Coinbase, Circle, Paxos and Gemini were among several companies to publicly say they were severing ties with the bank on some level, while people familiar said market-making and over-the-counter trading firms GSR, Wintermute, and Blockchain.com have ditched its Silvergate Exchange Network. SEN allows Silvergate clients to send U.S. dollars and euros 24 hours a day. The network had been a key driver of growth for the bank, last year handling over $560 billion in volume, according to The Block's data.
Source
/channel/Bitcoin_Crypto_Signals
⚡️ HyperPlay Alpha Sets New Standard In Gaming With Advanced Web3 Wallet Feature
HyperPlay, a cutting-edge game launcher designed specifically for the Web3 space, has revealed its early access launch. HyperPlay is poised to become a leader in the Web3 gaming space, offering gamers a unique and secure way to engage with their favorite titles while taking advantage of the benefits of decentralized finance.
HyperPlay’s innovative approach is expected to set it apart from other game launchers on the market. One of the platform’s key features is that it doesn’t charge developers any commissions for hosting their games. Instead, the platform plans to leverage crypto services like swaps and bridges to generate revenue. This groundbreaking online game launcher was created in collaboration with MetaMask, a well-known crypto wallet provider, with the goal of integrating players’ crypto wallets with game libraries such as Epic Games Store.
Source
/channel/Bitcoin_Crypto_Signals
📣 Voyager agrees to reserve $445m after suit from Alameda Research
Defunct crypto lender Voyager Digital agreed to reserve $445 million after the firm was sued by bankrupt trading firm Alameda Research for loan repayments, according to a new court filing. Lawyers filed a motion on Monday to allow the Voyager debtors to enter into a stipulation with the FTX debtors.
The parties agreed to participate in non-binding mediation and establish a framework for the litigation of remaining disputes, potentially smoothing the way for FTX and Alameda Research to reclaim assets. The deal is the latest crypto bankruptcy development from last year's assortment of failures to underscore how intertwined some of the largest digital asset firms are. Alameda Research is among the more than 100 entities that filed for bankruptcy protection with FTX in November.
Source
/channel/Bitcoin_Crypto_Signals
⚪️ Lido Finance reports largest ever daily stake inflow with more than 150,000 ETH staked
Lido Finance said Saturday that it saw the largest daily stake inflow ever on the protocol, with over 150,000 ether worth almost $240 million staked. Upon reaching this number, a curious (but important) protocol safety feature called Staking Rate Limit was activated," Lido said on Twitter.
Dragonfly Capital data scientist known as hildobby said the 150,000 ether had been staked by Tron founder Justin Sun, in a move that was also noted by the Twitter account Lookonchain. Lido Finance earlier this month finished the design for the second version of its protocol that will add support for Ethereum staking withdrawals post-Shanghai. It's expected to go to a vote on Lido's governance platform by the end of the month. "This is now the highest week by staked amount in almost a year," hildobby wrote.
Source
/channel/Bitcoin_Crypto_Signals
📣 Sam Bankman-Fried’s Freedom At Risk As Lawyers Ask For Bail Delay
Attorneys for former FTX CEO Sam Bankman-Fried in federal court have asked for more time to submit a proposal on his bail requirements. SBF has spent the majority of his time in his parents’ California house. However, he has made a few court appearances to address issues relating to his bail restrictions
Mark Cohen of Cohen & Gressler stated that the legal team wanted until March 3 to submit a proposal for additional bail conditions for Bankman-Fried and find a qualified individual to serve as a technical expert in the case in a filing with the United States District Court for the Southern District of New York on February 24. During a hearing on the former FTX CEO’s use of a VPN on February 16, the attorneys decided to employ an expert. Judge Lewis Kaplan recommended that he could impose additional constraints on Bankman-$250 Fried’s million bail.
Source
/channel/Bitcoin_Crypto_Signals