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🚨Rally Report🚨
LIDO FINANCE
The price of LDO has rallied by 7% in the past 24 hours.
WHY?!
🎉 Lido protocol registered its largest daily stake inflow yesterday. A large portion of this staking activity is from Tron founder Justin Sun staking over 150,100 ETH on the protocol.
🤔 This has triggered some bullishness on liquid staking protocols.
If you want to buy or trade LDO, we have an exclusive 60% trading fee discount for one month, a bonus of up to $8,000 and $20 FREE on Bitget! 👇
https://www.coinbureau.com/deals/trading/bitget-crypto-exchange/
📣📣 COIN BUREAU NEWSFLASH! – (25/02/23)
Here are some of today’s most important headlines:
1️⃣ Whale Sells 1,010 NFTs in 48 Hours in ‘Largest NFT Dump ever’ 📉
According to data from blockchain analytics firm Nansen, NFT whale Jeffrey Hwang (aka Machi Big Brother) has sold 1,010 NFTs for 11,680 ETH (~$18.6 million) in the past 48 hours. This includes 90 BAYC, 191 MAYC, 112 Azuki and 308 Otherdeed NFTs. Nansen’s simian psychometric enhancement technician, Andrew Thurman, stated that it’s likely “the largest NFT dump ever.”
However, data reveals that Hwang immediately bought back 991 NFTs. According to Thurman, the sale and rebuying is likely a play to book some profits while also conducting “one big wash trade to generate huge Blur airdrop profits.” Thurman also believes that it could be “market manipulation” aimed at creating FUD in the market in order re-buy some NFTs at lower prices.
https://cointelegraph.com/news/whale-sells-1-010-nfts-in-48-hours-in-largest-nft-dump-ever
2️⃣ Bankman-Fried Asks Court for More Time to Negotiate Bail ⚖️
According to a Feb. 24 court filing, FTX founder Sam Bankman-Fried’s lawyers are requesting an extension until March 3rd to file a proposal related to his bail conditions.
The lawyers explain their reason in the filing stating,
“The parties have been diligently vetting candidates to serve as the Court’s technical consultant but have not yet identified a suitable candidate. Similarly, the parties have been engaged in productive discussions about additional bail conditions for Mr Bankman-Fried but would like more time to complete those discussions.”
https://www.theblock.co/post/215142/bankman-fried-asks-court-for-more-time-to-negotiate-bail
3️⃣ Crypto Exchanges Are Allowing Sanctioned Russian Banks Access, Report Says ❗️
According to a recent report by digital asset data analytics firm Inca Digital, crypto exchanges Huobi and KuCoin are allowing customers of sanctioned Russian banks to transact on their platforms. Specifically, the platforms are allowing people to trade crypto using debit cards issued by sanctioned Russian banks like Sberbank.
Inca Digital CEO Adam Zarazinski,
“Tether is frequently used by Russians to move money out of the country. It is absolutely used by these two exchanges, in particular, to provide crypto banking services to sanctioned Russian banks.”
https://www.bloomberg.com/news/articles/2023-02-24/huobi-kucoin-are-allowing-sanctioned-russian-banks-access-report-says
4️⃣ Oasis Exploits Its Own Wallet Software to Seize Crypto Stolen in Wormhole Hack 🤔
According to a blog post by Oasis, the defi platform conducted a “counter exploit” on the Wormhole protocol hacker in order to recover $225 million worth of crypto lost in the exploit. Oasis was able to execute the counter exploit due to being tipped off by white hats about “a previously unknown vulnerability in the design of its admin multi sig access.”
The funds were reportedly transferred to an “authorised third party” after being ordered to do so by a British court. The authorised third party has been identified as the web3 infrastructure firm ‘Jump Crypto’ in a preceding report from Blockworks Research.
https://www.coindesk.com/business/2023/02/24/oasis-exploits-its-own-wallet-software-to-seize-crypto-stolen-in-wormhole-hack
Hey Guys,
Some of you might remember the WEF talking about the upcoming 'cyber pandemic' during the actual pandemic. This quote comes from a cyber attack the simulation the WEF ran in 2020 with a subsidiary of Sberbank, Russia's largest bank.
Obviously, the fact that the WEF ran yet another simulation prior to a potential crisis (see Event 201) led to speculation that a cyber attack was imminent. Well, it's been almost 3 years since Cyber Polygon 2020, but there's been no cyber attack.
This got me curious enough to go and look back at exactly what was said during the WEF's cyber attack simulation. As it turns out, the WEF held two cyber attack simulations. Today's video covers the first which took place in 2020. Part 2 for 2021 coming soon...
Enjoy!
🚨Rally Report🚨
BINARYX
The price of BNX has rallied by 150% in the past 24 hours.
WHY?!
🤩 The BNX token split and conversion went live yesterday. Holders can now convert their old BNX tokens for new BNX tokens at a ratio of 1:100.
🤔 Crypto exchange Binance successfully implemented the token split for users yesterday. Other CEXs are expected to follow soon.
If you want to buy or trade BNX, we have an exclusive 60% trading fee discount for one month, a bonus of up to $8,000 and $20 FREE on Bitget! 👇
https://www.coinbureau.com/deals/trading/bitget-crypto-exchange/
🚨Rally Report🚨
STACKS
The price of STX has rallied by 32% in the past 24 hours.
WHY?!
📈 Bullish sentiments pouring over from the Bitcoin NFTs narrative led by the Ordinals project.
🤝 This bullishness increased after Luxor Mining announced yesterday that it was acquiring OrdinalHub, a platform for trading Bitcoin-based NFTs.
🔥 Traders anticipate the narrative will lead to further development and interest in the Stacks ecosystem.
If you want to buy or trade STX, we have a 40% trading fee discount for you on OKX 👇
https://www.coinbureau.com/deals/trading/okx/
Hey Guys,
In case you haven't noticed, the crypto industry is currently in the middle of a crackdown by US regulators. What's annoying is that it's next to impossible to know which crypto projects and companies they will target next, so I went looking for some clues.
During my search I came across a recent crypto hearing which seems to have been forgotten. The hearing happened last week, and it was about the crypto crash in 2022. I was surprised that it wasn't covered by crypto media, but once I finished watching I realised why.
In short, the crypto industry is in bad shape, and it's not sending out its best to defend its structure. Not going to lie, I was extremely frustrated when filming this video, simply because of just how bad of a sign it is for the crypto industry, at least in the United States.
Enjoy, if you can...
🚨Rally Report🚨
ANKR NETWORK
The price of ANKR has rallied by 40% in the past 24 hours.
WHY?!
🤝 Tech giant Microsoft has partnered with decentralised blockchain infrastructure provider Ankr to provide enterprise node services on the Microsoft Azure Marketplace.
🛠 The enterprise node services will reportedly allow clients to manage node hosting solutions with their choice of custom specifications for memory, bandwidth and global location for blockchain nodes.
If you want to buy or trade ANKR, we have an exclusive 60% trading fee discount for one month, a bonus of up to $8,000 and $20 FREE on Bitget! 👇
https://www.coinbureau.com/deals/trading/bitget-crypto-exchange/
🚨Rally Report🚨
CONFLUX
The price of CFX has rallied by 45% in the past 24 hours.
WHY?!
🤝 Investors are bullish after the recent series of partnerships secured by Conflux Network.
💰 Over the past month, Conflux has managed to receive funding from the Shanghai government and has partnered with Little Red Book (China’s version of Instagram) and China Telecom.
🔥 The voting period on an ongoing proposal to introduce an additional burning mechanism for the token is set for some time this week.
📈 Part of a wider rally seen due to speculation of Hong Kong potentially legalising crypto for retail traders in June.
If you want to buy or trade CFX, we have an exclusive 60% trading fee discount for one month, a bonus of up to $8,000 and $20 FREE on Bitget! 👇
https://www.coinbureau.com/deals/trading/bitget-crypto-exchange/
Hey Guys,
These weeks just keep getting wilder and wilder! Watching BTC hit it's highest price in months was really a sight to see. The fact that BTC was leading the entire crypto rally was a fascinating phenomenon as well. However, I don't think the bull market is back just yet.
As you'll see, there's lots of objectively bearish news that's been weighing on the crypto market. The fact that the crypto market has continued to rally despite the drag from crypto and macro factors tells me this price action should be viewed with suspicion.
Meanwhile, central banks around the world seem to be accelerating their CBDC rollouts, particularly in countries that are on the brink of facing some serious financial hardships. It's going to be interesting to see how their upcoming CBDC trials affect the crypto market.
And of course, we will finish off with some ROI band analysis by Mr Ben Cowen himself
Enjoy!
🚨Rally Report🚨
SOLANA
The price of SOL has rallied by 12% in the past 24 hours.
WHY?!
🚀 Solana posted a tweet confirming the migration of the Helium network to the Solana ecosystem on March 27th.
🔥 This is expected to help onboard nearly one million hotspots worldwide across the LoRa and 5G networks. Investors are speculating Solana’s “Saga” mobile phone to launch soon after the migration.
If you want to buy or trade SOL, we have an exclusive 60% trading fee discount for one month, a bonus of up to $8,000 and $20 FREE on Bitget! 👇
https://www.coinbureau.com/deals/trading/bitget-crypto-exchange/
Hey Guys,
If you've been interested in crypto and/or stocks for more than a few days, you've probably heard the name Ark Invest come up a few times. Ark Invest is arguably the most famous tech focused investment firm, and they just released a massive report for 2023.
The 'Big Ideas' report talks about 14 different areas of innovation which will see exponential growth over the next decade. Believe it or not, but 3 of these 14 areas are directly related to cryptocurrency. It's safe to say that the firm is very bullish on the industry.
Besides that there are some really interesting projections for things like artificial intelligence, space exploration, 3D printing, and robotics. Not going to lie, some of these areas sound pretty dystopian, but I suppose it's important to be optimistic...
Enjoy!
🚨Rally Report🚨
BLUR
The price of BLUR has rallied by 20% in the past 24 hours.
WHY?!
💰 The token is in its price discovery phase following its massive price dump after the airdrop last week. Traders anticipate the rally to last until its listing on Binance.
👊 Blur believers are accumulating the token as they anticipate the platform to come on top in its battle with rival marketplace OpenSea.
If you want to buy or trade BLUR, we have a 40% trading fee discount for you on OKX 👇
https://www.coinbureau.com/deals/trading/okx/
Hey Guys,
All this FUD has made it easy to forget that the fundamentals for crypto continue to improve. One of many examples is the recent report put out by the Federal Reserve Bank of New York about how Bitcoin's price reacts to macroeconomic factors.
The fact that the Fed is publishing this kind of report at all should be a bullish sign by all accounts. What's even more bullish is that the Fed's analysis suggests that Bitcoin does not react to macro factors as much so you'd think.
This is actually pretty odd because it's quite clear that Bitcoin responds to things like changes in interest rates. This anomaly got me interested in the report, and it's safe to say that there's much more to it than meets the eye.
Enjoy!
📣📣 COIN BUREAU NEWSFLASH! – (17/02/23)
Here are some of today’s most important headlines:
1️⃣ SEC Charges Terraform And Do Kwon Post Terra Collapse 👮♂️
The U.S. Securities and Exchange Commission has reportedly charged Terraform Labs and its CEO Do Hyeong Kwon with “orchestrating a multi-billion dollar crypto asset securities fraud” over its algorithmic stablecoin Terra USD.
SEC Chair Gary Gensler stated,
“We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities, most notably for LUNA and Terra USD. We also allege that they committed fraud by repeating false and misleading statements to build trust before causing devastating losses for investors.”
https://www.theblock.co/post/212695/sec-charges-terraform-and-do-kwon-post-terra-collapse
2️⃣ Crypto Giant Binance Moved $400 Million From U.S. Partner To Firm Managed By CEO Zhao 🔎
According to a Reuters report, crypto exchange giant Binance moved around $400 million in funds from Binance US's Silvergate Bank account to Merit Peak, a trading firm managed by Binance CEO Changpeng Zhao.
Reuters reported the transfers to have happened over the first three months of 2021 and stated that it couldn't determine the reason for the transfers or whether any of the money belonged to Binance.US customers.
In response, Binance US tweeted,
“ONLY Binance US employees have access to Binance US bank accounts. Period. While there was a market-making firm named Merit Peak that operated on the Binance US platform, it stopped all activity on the platform in 2021. We list our competitive and transparent Market Maker program on our website, which shows that firms fairly compete for rebates. Binance US has never -and will never - trade nor lend out customer funds. Binance US always maintains 1:1 reserves, and are subject to regular audits and regulatory reporting by government entities. (sic)”
https://www.reuters.com/technology/crypto-giant-binance-moved-400-million-us-partner-firm-managed-by-ceo-zhao-2023-02-16/
3️⃣ Accused Mango Markets Exploiter Wants to Keep $47M in Disputed Funds: Court Filings ⚖️
Recent court filings reveal that Mango Markets exploiter Avraham Eisenberg is seeking to keep $47 million out of the $114 million worth of tokens he gained during the exploit. Eisenberg argued that the “matter was settled” and that he shouldn’t be required to pay back any more funds to the DeFi platform on account of the settlement agreement that he reached with Mango DAO. The team behind Mango Markets has countered his argument by stating that the settlement should be voided as it was made “under duress” and alleged that Eisenberg “was not engaged in lawful bargaining.”
https://www.coindesk.com/business/2023/02/16/accused-mango-markets-exploiter-wants-to-keep-47m-in-disputed-funds-court-filings
4️⃣ DeFi Protocol Platypus Suffers $8.5M Flash Loan Attack, Suspect Identified ❗️
DeFi protocol Platypus Finance has reportedly lost over 8.5 million worth of assets after suffering a flash-loan attack on Thursday. The attack was first reported by blockchain security firm CertiK. Platypus stated that it was pausing all operations until it received more clarity on the situation. On-chain sleuth ZachXBT called out a now-deleted Twitter account going by @retlqw, alleging that the addresses identified by Platypus are linked to the account.
ZackXBT tweeted,
"I've traced addresses back to your account from the @Platypusdefi exploit and I am in touch with their team and exchanges. We'd like to negotiate returning of the funds before we engage with law enforcement."
https://cointelegraph.com/news/platypus-defi-faces-flash-loan-attack-according-to-certik
🚨🚨 Coin Bureau Live Announcement!! 🚨🚨
It's time to register your interest in early bird tickets for the Coin Bureau Live London event on the 10th of June.
This early bird window is open for a limited time period and it's first come, first served.
Link to signup here 👉 https://docs.google.com/forms/d/e/1FAIpQLScs77-73PGD9YedxyqGH-NuZf86oLCxGlXIS5X1q7d-KpCBVg/viewform?usp=sf_link
📣📣 COIN BUREAU NEWSFLASH! – (24/02/23)
Here are some of today’s most important headlines:
1️⃣ Binance Australia Derivatives Business Reviewed by Regulator 🇦🇺
The Australian Securities and Investments Commission (ASIC) is reportedly going to conduct a “targeted review” of Binance’s local derivatives business- Binance Australia Derivatives. The announcement comes shortly after the exchange told certain users that it was immediately closing their accounts due to being incorrectly classified as “wholesale clients.”
According to a Binance representative, 500 users were impacted due to the error. The exchange informed customers that the closure was necessary to comply with local laws and that it will compensate them for any losses incurred.
https://www.bloomberg.com/news/articles/2023-02-24/australia-s-asic-reviewing-binance-s-local-derivatives-business
2️⃣ Coinbase Is Building Its Own Ethereum Layer-2 Network Called 'Base' 🚀
Crypto exchange Coinbase unveiled the testnet version of its new Ethereum Layer 2 network ‘Base’, at ETHDenver. According to Coinbase, Base is modelled on Ethereum's Goerli testnet and will be the new home for Coinbase’s on-chain products.
Jesse Pollack, Coinbase's senior director of engineering, stated,
“This is a bet that we can help enable the next million dapps, which are going to bring in the next billion users. We think that's going to happen on a five- to 10-year horizon and this is our contribution to making that happen sooner rather than later. Our goal is to launch mainnet in the next few months.”
https://decrypt.co/121992/coinbase-ethereum-layer-2-base
3️⃣ Sam Bankman-Fried Faces New Criminal Charges Including Conspiracy to Commit Bank Fraud ⚖️
Under a new indictment unveiled on Thursday morning, FTX founder Sam Bankman-Fried (SBF) faces four additional charges to his earlier 8-count indictment. The new indictment charges include conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transfer business.
The 39-page document also accuses SBF of making false representations to a financial institution stating that “the account would be used for trading and market making,” when it was, in reality, to be used to “receive and transmit customer funds in the operation of a cryptocurrency exchange.” SBF could reportedly spend decades in jail if he is convicted on all counts.
https://www.theblock.co/post/214491/sam-bankman-fried-faces-new-criminal-charges-including-conspiracy-to-commit-bank-fraud
4️⃣ IMF Board 'Generally Agreed' Crypto Shouldn't Be Legal Tender 🏦
In a statement published yesterday, the International Monetary Fund (IMF) called for a "coordinated response" and included a set of recommendations for member countries. According to the statement, Directors of the IMF agreed that crypto assets should not be granted “official currency or legal tender” status in order to safeguard monetary sovereignty and stability. They also agreed that targeted restrictions on crypto could apply instead of strict bans to limit crypto risks. It also asked member countries to strengthen digital infrastructure and "alternative solutions" for cross-border payments and finance in order to mitigate the risks posed by crypto.
https://www.coindesk.com/policy/2023/02/23/imf-board-generally-agreed-crypto-shouldnt-be-legal-tender
📣📣 COIN BUREAU NEWSFLASH! – (23/02/23)
Here are some of today’s most important headlines:
1️⃣ Ethereum Developers Schedule Shanghai Upgrade on Sepolia Testnet for Feb. 28 📅
According to an announcement from Ethereum core developer Tim Beiko, the launch of the Shanghai-Capella upgrade on the Sepolia test network is scheduled for Feb. 28 at epoch 56832.
Commonly referred to as the Shapella upgrade, the name is a mix of Shanghai which is the fork’s name on the execution layer client side, and Capella which is the upgrade name on the consensus layer client side. Sepolia is the second public testnet to deploy the upgrade after the Zhejiang testnet which deployed it earlier this month.
https://www.theblock.co/post/213921/ethereum-developers-schedule-shanghai-upgrade-on-sepolia-testnet-for-feb-28
2️⃣ German DZ Bank Adds Digital Currencies to Asset Management Services 🏦
DZ Bank, Germany’s second-largest bank by asset size, has reportedly partnered with digital asset firm Metaco to fully integrate digital currencies into its asset management services.
Nils Christopeit, DZ's digital custody design solution lead, stated,
“With the offering we can build by using this technology, we trust to create a durable and fast-growing business cooperation as well as an attractive solution for our clients that can also meet the requirements of digital currencies and decentralised financial instruments.”
https://cointelegraph.com/news/german-dz-bank-adds-digital-currencies-into-asset-management-services
3️⃣ NBA Top Shot NFT Creator Must Face Lawsuit to Determine Securities Status ⚖️
Yesterday, a federal judge denied a motion by Dapper Labs CEO Roham Gharegozlou to dismiss a class-action lawsuit filed against Dapper Labs and Gharegozlu that alleges his firm violated securities laws by selling NBA Top Shot Moments NFTs without the standard registration and disclosure that is applicable to other investment contracts.
District Judge Victor Marrero ruled,
“The Court finds that Plaintiffs’ allegations render each consideration under Howey facially plausible and survive Defendants’ Motion to Dismiss the alleged violation of Sections 5 and 12 of the Securities Act.”
This launches Dapper Labs into litigation that could see NFTs being labelled as securities for the first time.
https://www.bloomberg.com/news/articles/2023-02-22/nba-top-shot-nfts-are-securities-judge-says-in-landmark-case
4️⃣ Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform 👮♂️
The U.S. Justice Department has indicted the founders of DeFi investment platform Forsage for their roles in running the platform which is allegedly a $340 million Ponzi scheme. The indicted Russian founders of Forsage are Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev and Sergey Maslakov.
The Justice Department stated,
"As soon as an investor invested in Forsage by purchasing a 'slot' in a Forsage smart contract, the smart contract automatically diverted the investor's funds to other Forsage investors, such that earlier investors were paid with funds from later investors."
https://www.coindesk.com/policy/2023/02/22/forsage-founders-indicted-for-340m-ponzi-scheme-masquerading-as-defi-platform
5️⃣ Blur Founder 'Pacman' Revealed as 24-Year-Old High School, MIT Dropout ❗️
Yesterday, NFT marketplace Blur’s pseudonymous CEO Pacman doxed himself revealing his real identity to be ‘Tieshun Roquerre’ – a high school dropout who joined Y Combinator’s accelerator program at the age of 17.
Roquerre also did a two-year stint at the Massachusetts Institute of Technology (MIT) before dropping out to found crypto domain startup Namebase. The identity reveal comes shortly after some Twitter users noticed that Paradigm (the VC firm that backs Blur) also backed Namebase, where Roquerre is openly listed as its founder.
Paradigm Cofounder Matt Huang tweeted,
“We always said internally that we’d back whatever he did next… and are proud to see what he and the team have built.”
https://decrypt.co/121950/blur-founder-pacman-high-school-mit-dropout
📣📣 COIN BUREAU NEWSFLASH! – (22/02/23)
Here are some of today’s most important headlines:
1️⃣ Bulgarian Investigators Claim 'CryptoQueen' Was Murdered in 2018 🧐
According to an investigative report by Bulgarian news outlet ‘Bird’, Onecoin founder Ruja Ignatova (aka “CryptoQueen”) may have been murdered back in 2018. The report cites its source as a document found in the possession of a murdered Bulgarian police official.
The police document records the statement of an unnamed intoxicated source who claims that Ignatova was killed on a yacht upon the orders of a drug lord who dismembered and dumped her body in the Ionian Sea. The killer was reportedly an associate of Ignatova but it remains unclear if they were involved in the OneCoin scam.
https://decrypt.co/121879/bulgarian-investigators-claim-cryptoqueen-ruja-ignatova-was-killed-in-2018
2️⃣ Google Cloud to Become Validator on Tezos Network 🚀
Google Cloud has reportedly partnered with the Tezos Foundation to allow the cloud computing operator’s corporate clients to develop and deploy web3 applications on the Tezos blockchain using Google's cloud infrastructure. The partnership will also see Google Cloud serve as a validator on the Tezos proof-of-stake blockchain.
https://www.coindesk.com/business/2023/02/22/google-cloud-to-become-validator-on-tezos-network
3️⃣ Coinbase Fourth-Quarter Revenue Beats Estimates Despite Falling 57% Year-On-Year 🔎
U.S. based crypto exchange Coinbase reported Q4 net revenue of $604.9 million. This figure beats the $589 million FactSet estimate for Q4 and is also 5% up from $590 million revenue in Q3. However, the exchange continued to see its transaction volume decline and its full year revenue came in 57% lower than levels seen in 2021, down to $3.1 billion from over $7.3 billion.
Discussing its outlook for the year, Coinbase stated,
"We are prepared to manage our business through a wide range of transaction revenue scenarios in 2023, which include possible increases, decreases or stabilisation of crypto market capitalisation and crypto asset volatility compared to levels at the end of 2022."
https://www.theblock.co/post/213749/coinbase-fourth-quarter-revenue-beats-estimates-despite-falling-57-year-on-year
4️⃣ Paxos Is Holding 'Constructive Discussions' With SEC 🗣
In an email sent on Saturday, Paxos CEO Charles Cascarilla told employees that the firm was “engaged in constructive discussions with the SEC” and that, if necessary, it would defend its position that the BUSD stablecoin is not a security through litigation.
Paxos also announced that even though it was terminating its relationship with Binance it remains “fully focused on serving the end holders of BUSD” and will continue to “support BUSD through at least February 2024.”
https://www.reuters.com/business/finance/paxos-engaged-constructive-discussions-with-us-sec-over-binance-stablecoin-2023-02-21/
5️⃣ Solana Spaces Will Close New York And Miami Stores 7 Months After Opening ❌
In a tweet posted yesterday, Solana Spaces announced that it will be closing down its two Solana-themed, community-oriented retail stores in New York City and Miami by the end of the month. Founder Vibhu Norby explained the closing stating that the physical stores didn’t onboard as many users as initially anticipated. The closure comes just seven months after the opening of its first location in New York.
Norby stated,
“Our endowed mission from day one was to experiment with new and disruptive models to bring people to Web3, and to serve the community on behalf of the Solana Foundation. As I told people often, as awesome as the stores were, if we found a more efficient way to bring people into Solana, we would throw our efforts at that.”
https://cointelegraph.com/news/solana-spaces-will-close-new-york-and-miami-stores-7-months-after-opening
📣📣 COIN BUREAU NEWSFLASH! – (21/02/23)
Here are some of today’s most important headlines:
1️⃣ FTX Japan Customers Can Begin Withdrawing Fiat, Crypto on Feb. 21 ❗️
FTX Japan, the crypto exchange that shuttered services on Nov. 8 last year, has announced that it will resume crypto and fiat withdrawals from Feb. 21. The withdrawals will reportedly be processed via the Liquid Japan web platform, which FTX acquired in 2022.
The company stated,
“Due to the large number of requests from customers, it may take some time for the withdrawal process to be completed. We will announce the resumption of other FTX Japan services as soon as possible.”
https://www.coindesk.com/policy/2023/02/20/ftx-japan-customers-can-begin-withdrawing-fiat-crypto-on-feb-21
2️⃣ Coder Brings Ordinals to Litecoin as Bitcoin Inscriptions Surpass 154K 🚀
On Sunday, Bitcoin developer Anthony Gurrera forked the code behind the Ordinals project on Bitcoin to the Litecoin blockchain. Interestingly, the fork comes shortly after Indigo Nakamoto (a pseudonymous Twitter user) tweeted they would give 5 LTC to anyone who could port Ordinals to Litecoin.
Gurrera admitted the bounty played a role in his motivation to port the Ordinals project to Litecoin. A copy of Litecoin’s mimblewimble upgrade whitepaper has been inscribed on the Litecoin network- effectively becoming the first NFT on Litecoin.
https://decrypt.co/121789/litecoin-ordinals-inscriptions-nfts-blockchain
3️⃣ Hong Kong’s Crypto Hub Ambitions Win Quiet Backing from Beijing 🙌
According to a Bloomberg report, Hong Kong has been receiving subtle backing for its cryptocurrency endeavours from the Chinese government in Beijing. The report cited sources that state they’ve seen officials from China’s Liaison Office being frequent guests at crypto gatherings in Hong Kong.
The officials at these gatherings are reportedly friendly and ask to see reports and check on developments. The report states that China is likely using Hong Kong as a testing ground for digital assets while they keep a tight rein on any such activity on the mainland.
Nick Chan, a National People’s Congress member and lawyer stated,
“As long as one doesn’t violate the bottom-line, to not threaten financial stability in China, Hong Kong is free to explore its own pursuit under ‘One Country, Two Systems’”
https://www.bloomberg.com/news/articles/2023-02-21/hong-kong-s-crypto-hub-ambitions-win-quiet-backing-from-beijing
4️⃣ Majority of Bitcoin Retail Investors Lost Money in the Last Seven Years: BIS 🔎
A report recently released by the Bank for International Settlements (BIS) shows that there has been a spike in retail crypto trading after the collapses of Terra/Luna and FTX in 2022. Particularly, it notes that while crypto whales sold, retail traders bought crypto.
The report also revealed that most retail bitcoin investors who started investing in 2015 have lost money on their investments over the past seven years. It stated,
"The median investor would have lost $431 by December 2022, corresponding to almost half of their total $900 in funds invested since downloading the app. Notably, this share is even higher in several emerging market economies like Brazil, India, Pakistan, Thailand and Turkey. If investors continued to invest at a monthly frequency, over four-fifths of users would have lost money."
https://www.theblock.co/post/213372/majority-of-bitcoin-retail-investors-lost-money-in-the-last-seven-years-bis
5️⃣ Composable Finance CEO Denies Legal Violations as CTO Steps Down ❌
Omar Zaki, the CEO of Composable Finance, has rejected all allegations of legal improprieties made by the platform’s former chief technology officer, Karel Kubat.
Kubat, who announced his departure from the platform yesterday, cited “unethical management” and a “lack of transparency” on the company financials as reasons for doing so. He also accused the organisation of “possible trading with company funds and suspicious transactions.”
https://cointelegraph.com/news/composable-finance-ceo-denies-legal-violations-as-cto-steps-down
📣📣 COIN BUREAU NEWSFLASH! – (20/02/23)
Here are some of today’s most important headlines:
1️⃣ Hedge Fund Galois Shuts Down After Half Its Assets Trapped On FTX ❌
Galois Capital, one of the biggest crypto-focused quantitative funds, is reportedly shutting down after losing a sizeable portion of its capital in the collapse of FTX. It informed investors that it would return 90% of the money not trapped on FTX. The remaining 10% will reportedly be held back temporarily until discussions with the administrators and auditor were finalised.
Kevin Zhou, the co-founder of Galois Capital, stated,
“Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally. Once again I’m terribly sorry about the current situation we find ourselves in.”
https://www.ft.com/content/a06b77bc-52ac-4901-98d7-8c567449262e
2️⃣ Hong Kong Proposes Rules for Crypto Trading Platforms 🇭🇰
Hong Kong's Securities and Futures Commission (SFC) is reportedly seeking public feedback on the proposed rules for virtual asset trading platforms that it released today.
The proposed rules set up a licensing regime for crypto service providers and one of the key considerations the SFC seeks feedback on is “whether to allow licensed platforms to serve retail investors and under what investor protection measures these services should be offered.”
The regulator stated that it will be mandatory for all crypto trading platforms to apply for a license under the new regime and that those who do not wish to apply for a license must “start preparing for an orderly closure of their business in Hong Kong."
https://www.coindesk.com/policy/2023/02/20/hong-kong-proposes-rules-for-crypto-trading-platforms
3️⃣ San Francisco Fed Hiring for Digital Currency Development ❗️
According to a recent job posting, the Federal Reserve Bank of San Francisco is looking for a software engineer to help develop and implement systems related to a central bank digital currency (CBDC). The posting reveals the job location will be in San Francisco, California, with a base salary ranging from $110,300 to $176,300.
The post reads,
“Given the dollar’s important role, Federal Reserve System seeks to further understand the cost and benefits of the potential technologies for central bank digital currencies, and how the system better understands this emerging field.”
https://decrypt.co/121711/san-fransisco-fed-hiring-for-digital-currency-development
4️⃣ ‘Unworkable’ Bill to Ban Blockchain Immutability Is Introduced in Illinois 🤯
A Senate Bill recently introduced by Illinois Senator Robert Peters has come under ridicule by the crypto community due to its “unworkable” plans to force blockchain miners and validators to do “impossible things.”
Specifically, the bill titled the “Digital Property Protection and Law Enforcement Act,” would authorise the courts to order a blockchain transaction originating in the state to be altered or rescinded. Any blockchain miners and validators who refuse to comply with the court order may be fined between $5,000-10,000 for each day such order is ignored. The bill also appears to mandate “any person using a smart contract to deliver goods and services” to include code in the smart contract that can be used to comply with court orders.
https://cointelegraph.com/news/unworkable-bill-to-ban-blockchain-immutability-is-introduced-in-illinois
https://www.youtube.com/watch?v=yCwlz_EzU6g
Читать полностью…
📣📣 COIN BUREAU NEWSFLASH! – (19/02/23)
Here are some of today’s most important headlines:
1️⃣ Yuga Labs to Replace Logo That Apes a Kids Drawing Guide 💀
According to reports, Yuga Labs has been using an unlicensed image created by the Twitter account ‘@easydrawinguide’ for the logo of its Bored Ape Kennel Club (BAKC) NFT collection. The original creator @easydrawinguide seems to have posted the image on Twitter almost three months before the BAKC collection launched.
The terms and conditions of Easy Drawing Guides’ website contain explicit language prohibiting the commercial use of its proprietary content. Yuga Labs co-founder Greg Solano (aka Gargamel) has responded to the reports stating the BAKC logo would be removed and replaced on the project’s website and that Yuga Labs would ask marketplaces to do the same.
He also stated that Yuga Labs has launched an investigation into the intellectual property violation and has reached out to both- the freelancer it had hired to create the logo’s design and Easy Drawing Guides.
https://decrypt.co/121679/yuga-labs-replacing-bored-ape-kennel-club-logo-copied-kids-drawing-guide
2️⃣ Platypus To Work on Compensation Plan After $8.5M Attack 🔎
According to a tweet posted yesterday by Platypus, the DeFi firm is working on a compensation plan for the victims of the recent $8.5 million flash loan attack on its protocol. It requested users to not realise their losses in the protocol and informed them that it had paused asset liquidations. It also stated that different parties are currently involved in the funds' recovery process, including legal enforcement officials.
https://cointelegraph.com/news/platypus-to-work-on-compensation-plan-after-8-5m-attack
3️⃣ Blockchain.Com Not Selling Subsidiaries, Never Spoke to Coinbase ❌
Crypto exchange and financial services firm Blockchain.com has debunked a recent Decrypt report that stated the executives of the firm were discussing selling parts of its business to other crypto firms including Coinbase.
Blockchain.com stated,
“No Blockchain.com businesses are for sale. Blockchain.com is an asset buyer, not a seller."
https://www.theblock.co/post/213072/blockchain-com-not-selling-subsidiaries-never-spoke-to-coinbase-source
📣📣 COIN BUREAU NEWSFLASH! – (18/02/23)
Here are some of today’s most important headlines:
1️⃣ Custodia Bank Renews Push for Fed 'Master Account' After Rejection ⚖️
Digital asset custody firm Custodia Bank has reportedly filed an amended complaint against the Federal Reserve on Friday. This comes just weeks after the Fed denied the bank's application to secure a "master account" and become a member of the Federal Reserve System.
The filing reads,
"Defendants had a non-discretionary duty to grant Custodia’s master account application and not to discriminate against Custodia in its ability to access all bank services using that account. Any other outcome eviscerates the dual-banking system that has served our nation since its founding […] On January 27, 2023, in a coordinated manoeuvre orchestrated by the Board in consultation with the White House and leaked to reporters by Board officials the day before it occurred, the Kansas City Fed reported the denial of Custodia’s master account application immediately after the Board denied Custodia’s membership application.”
https://www.coindesk.com/policy/2023/02/17/custodia-bank-renews-push-for-fed-master-account-after-rejection
2️⃣ OpenSea Drops Fees, Cuts Creator Royalty Protections as Rival Blur Rises ❌
NFT marketplace OpenSea announced that it is dropping trading fees on the platform to 0% for a “limited time.” It also stated that it will be moving to a 0.5% “creator earnings model” for projects that don’t have an on-chain enforcement method, with the option for sellers to pay more.
OpenSea explained its decision stating,
“Recent events – including Blur’s decision to roll back creator earnings (even on filtered collections) and the false choice they’re forcing creators to make between liquidity on Blur or OpenSea – prove that our attempts are not working.”
https://decrypt.co/121638/opensea-drops-fees-royalty-protections-blur-rises
3️⃣ SEC Warns Celebrities After Charging NBA Hall Of Famer Over Crypto Promotion ❗️
The U.S. Securities and Exchange Commission (SEC) has reportedly sued NBA Hall of Famer Paul Pierce for unlawfully touting tokens sold by EthereumMax. Pierce has agreed to settle the charges by paying $1.409 million in penalties and disgorgement. He also agreed not to "promote any crypto asset securities for three years."
SEC Chair Gary Gensler stated,
“This case is yet another reminder to celebrities: The law requires you to disclose to the public from whom and how much you are getting paid to promote investment in securities, and you can’t lie to investors when you tout a security.”
https://www.theblock.co/post/212937/sec-warns-celebrities-after-charging-nba-hall-of-famer-over-crypto-promotion
4️⃣ Former FTX Executive Nishad Singh Nears a Plea Deal in FTX Probe 🧐
Nishad Singh, FTX’s former director of engineering, is reportedly working with prosecutors on a plea deal that will see Singh plead guilty to the charges. If finalised, Singh would join the other FTX inner circle members Caroline Ellison and Gary Wang who are cooperating with prosecutors in their case against former FTX CEO Sam Bankman-Fried. Singh would likely offer the authorities insight into the campaign finance side of FTX’s operations.
https://www.bloomberg.com/news/articles/2023-02-17/top-bankman-fried-associate-nears-plea-deal-in-us-probe-of-ftx
5️⃣ YouTube Appoints Web3-Friendly Exec As New CEO 🙌
YouTube has revealed that it is appointing Web3-friendly executive Neal Mohan as its new CEO. Former CEO Susan Wojcicki announced her departure earlier this week stating that she plans to start a “new chapter” focused on family, health, and personal projects.
Mohan had previously served as YouTube’s chief product officer and implemented many changes including the controversial removal of the video dislike button, and the introduction of YouTube Shorts and YouTube Music. Last year, Mohan also outlined tentative plans to integrate metaverse-based content experiences and content tokenisation via NFTs.
https://cointelegraph.com/news/youtube-appoints-web3-friendly-exec-as-new-ceo
🚨Rally Report🚨
FILECOIN
The price of FIL has rallied by 19% in the past 24 hours.
WHY?!
🤩 Anticipation ahead of the Filecoin Virtual Machine (FVM) launch set for next month.
🔎 Possible incoming decentralised storage narrative following the rollout of FVM and BNB Chain’s decentralised storage solution- BNB Greenfield.
If you want to buy or trade FIL, we have a 40% trading fee discount for you on OKX 👇
https://www.coinbureau.com/deals/trading/okx/
Hey Guys,
About a week ago, JP Morgan presented the results of their latest institutional e-Trading survey. This survey is in its 7th year and in it, they asked over 800 respondents questions around their outlook for 2023. This included global macro predictions, trading strategies, AI, blockchain and crypto.
Some of the results really did surprise me and I am sure that they will do the same for you. That's why today I decided to do a short video that broke down some of the key aspects of the report. As I usually do with these reports, I also leave some of my own thoughts about what it could mean for the market.
So, sit back, relax and enjoy the latest video!