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🔔 MARKET MOVING NEWS! (26/04/24)
1️⃣ Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum 🔍
Ethereum developer Consensys has reportedly filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) alleging that the regulator had orchestrated a campaign “to seize control over the future of cryptocurrency” with enforcement actions aimed at regulating Ether (ETH) as a security.
Consensys also revealed that it had received a Wells notice from the SEC on April 10, indicating its intention to bring an enforcement action against the company for violating securities laws via its MetaMask wallet product. Consensys has denied that it acts as a broker, stating that the wallet is “simply and interface” and “neither holds customers’ digital assets nor carries out any transaction functions.” It now seeks a federal court declaration that ETH is not a security and alleges that any investigation of ConsenSys based on the idea that ETH is a security "would violate" the company's fifth amendment rights and the Administrative Procedures Act.
Source
2️⃣ Bitcoin 'Epic Sat' From the Halving Sells for $2.1 Million 💸
ViaBTC, the mining pool that mined the first block after the Bitcoin halving on April 20, has reportedly sold the "epic" sat it mined for 33.3 BTC ($2.13 million). An epic sat refers to the first satoshi mined in the first new Bitcoin halving block. Given there’s been four halvings, only four of these rare sats exist. The auction of “epic sat” 1,968,750,000,000,000 was hosted on the crypto exchange CoinEX.
CoinEX stated,
CoinEx's partner, the ViaBTC mining pool, has officially mined the 840,000th block. This milestone not only signifies Bitcoin's fourth halving but also includes a block identified as an epic 'Rare Satoshi' by the Ordinals numbering system. The general public has a keen interest in collecting valuable items. Given that satoshis are assigned unique identifiers, they inherently possess higher collectible value. As periodic events occur within the Bitcoin network, some more frequently than others, scarcity is naturally promoted.
🔔 MARKET MOVING NEWS! (25/04/24)
1️⃣ Renzo Restaked ETH Suffers a Brief Crash on Uniswap 🥶
Liquid restaking token Renzo restaked ETH (ezETH) reportedly experienced a brief crash early Wednesday, with the price of ezETH falling as low as $750 on Ethereum-based DEX Uniswap at around 02:45 UTC. In terms of ETH, the token deviated from its 1:1 peg with WETH, falling to a low of 0.27.
Notably, the crash and de-peg of ezETH coincides with the end of its first season of rewards on April 26th. Hitesh Malviya, founder of the crypto analytics platform DYOR stated,
People sold ezETH on Uniswap, and they had lower liquidity, so the slippage caused the price to drop to below $700, which caused massive liquidation on [generalized leverage protocol] Gearbox and [lending protocol] Morpho.
🚨 New Video Alert!! 🚨
If you think about it, the crypto market is a game where most people lose and a few people win big. This begs the question of how to become the winner. Today’s video has all the answers.
It contains a step by step guide that will help you increase your chances of winning in the crypto market. At the end of the video, we also tell you about a secret method that guarantees you win every time.
This is one you can’t miss!
🔥 Rally Report 🔥
HEDERA
The price of HBAR has rallied by 46% in the past 24 hours.
WHY?!
⚡️ Hedera announced that BlackRock’s ICS U.S. Treasury money market fund had been tokenised on the Hedera blockchain in collaboration with Archax.
🕯 The announcement led to a massive spike in the price of HBAR as many Hedera supporters began claiming that BlackRock was the entity behind the decision to tokenise the fund. However, HBAR later saw a small correction after the project clarified that it was Archax and not Blackrock behind the move.
If you want to buy or trade HBAR, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🔥 Rally Report 🔥
AKASH NETWORK
The price of AKT has rallied by 54% in the past 24 hours.
WHY?!
📈 South Korea’s largest crypto exchange UpBit announced that it is now supporting deposits and withdrawals for Akash Network's AKT token.
‼ Akash Network also recently announced that its chat supports Llama 3, the newest open source model from Meta AI..
If you want to buy or trade AKT, we have an exclusive trading fee discount of up to 60% on Kucoin 👇
📹 https://www.coinbureau.com/deals/trading/kucoin/
🚨 New Video Alert!! 🚨
It’s been a crazy week in the crypto market, and we’re here, as always, to explain why. For starters, there were lots of conflicting macro and crypto factors that caused a roller coaster for BTC.
The focus around BTC left ETH in the dark, but it looks like the second largest crypto could be on the brink of a massive revenge rally. At the same time, Toncoin could become a top Solana competitor.
And in the middle of all this chaos, many cryptos managed to have impressive rallies, including memecoins. All this and more in today’s weekly crypto review – watch until the end!
https://www.youtube.com/watch?v=1oDgxAvQVQk
Читать полностью…
🔔 MARKET MOVING NEWS! (21/04/24)
1️⃣ Grayscale's Planned Mini Bitcoin ETF Will Have a 0.15% Fee, the Lowest Among Spot Bitcoin ETFs ⚡️
According to recent filings, Grayscale’s new ETF product, the Bitcoin Mini Trust, will be listed on NYSE Arca under the ticker BTC and charge a competitive fee rate of 0.15%. Notably, this would make Grayscale’s Bitcoin Mini Trust the cheapest of them all. This starkly contrasts the existing Grayscale Bitcoin Trust (GBTC) which has a 1.5% fee.
The filing also states that Grayscale will contribute 10% of the assets in GBTC to the BTC Trust. Shares of the BTC trust are to be issued and distributed automatically to holders of GBTC shares. The Grayscale spinoff is also considered a non-taxable event for GBTC’s existing shareholders, so those investors will not be expected to pay capital gains tax to automatically transfer into the new fund.
Source
2️⃣ Binance Tax Evasion Trial Moved To May 17 In Nigeria 🤔
Crypto exchange Binance’s tax evasion trial in a Nigerian court has reportedly been adjourned to May 17. The reason for the delay appears to be the Federal Inland Revenue Service’s (FIRS) failure to formally serve the exchange with the charges.
For context, Binance and its executives, including Tigran Gambaryan, a 39-year-old U.S. citizen serving as head of financial crime compliance, and Nadeem Anjarwalla, a 37-year-old British-Kenyan regional manager for Africa, were arrested on Feb. 28, and charged with four counts of tax evasion during a visit to Nigeria.
Source
3️⃣ Hong Kong Investment Firm Victory Securities Reveals Bitcoin And Ether ETF Fees ☄️
Hong Kong-based investment firm Victory Securities has reportedly disclosed its proposed fees to investors for Bitcoin and Ethereum exchange-traded funds (ETFs). Notably, the announcement comes even though the Hong Kong Securities and Futures Commission (SFC) has not yet published the list of approved ETF issuers.
If approved by the SFC, the proposed fees for Ethereum and Bitcoin ETF shares of Victory Securities are set at 0.5% to 1% of the total transaction, with a minimum fee of $850. For investors interested in buying and selling existing ETF shares on the secondary market, the fees will be 0.15% for online transactions and 0.25% for telephone transactions.
Source
4️⃣ Former A16z Partner Kathryn Haun To Retire From Coinbase Board, Focus On Venture Portfolio 🔍
Former Assistant U.S. Attorney and Andreesen-Horowitz partner Kathryn Haun has posted a tweet announcing her upcoming resignation from Coinbase's board following seven years of service. Haun stated that while Coinbase is "well-positioned to thrive," the "remarkable expansion state" of crypto has made her decide to double down on venture investing through her company Haun Ventures. The resignation will take effect at Coinbase's Annual Meeting of Shareholders expected later this summer.
Source
5️⃣ FTX Investors Move To Settle With SBF In Exchange For Information To Go After Celebrity Boosters ‼️
Sam Bankman-Fried, the jailed former CEO of defunct crypto exchange FTX, has reportedly agreed to settle with investors who will drop their civil liability claims against him in exchange for his cooperation in a class-action lawsuit against celebrities who promoted the crypto exchange. Notably, the list of celebrities being targeted by the class-action lawsuit include sports stars Tom Brady, Shaquille O’Neal, Stephen Curry and Shohei Ohtani, model Gisele Bundchen and actor Larry David.
The filing reads,
[Bankman-Fried] has knowledge and other information that Class Representatives and Class Counsel believe will be valuable to Class Representatives’ cases against other defendants in the FTX MDL [multidistrict litigation], particularly relating to the underlying actions and their connection to Miami, Florida, where FTX’s U.S. headquarters were based, as well as each MDL Defendants’ knowledge of and assistance with the actions and connections to other states in which jurisdictions over those Defendants is asserted.
🔔 MARKET MOVING NEWS! (20/04/24)
1️⃣ IRS Releases Draft Form To Report Certain Crypto Transactions 🧐
The U.S. Internal Revenue Service has reportedly released an early draft of its new Form 1099-DA “Digital Asset Proceeds from Broker Transactions” for reporting income from digital asset transactions. The form is expected to come into use in 2025 for reporting in 2026.
The Form 1099-DA draft posted on Thursday lists broker types: kiosk operator, digital asset payment processor, hosted wallet provider, unhosted wallet provider and others. The form also reveals the agency will likely have an array of individual token codes that can be filled in, and it includes spaces for wallet addresses and where to find transactions on the relevant blockchain.
Source
2️⃣ Bitcoin Completes Fourth Halving, Ushering In New Era for BTC ☄️
The Bitcoin network has completed its fourth halving event. After the 840,000th Bitcoin block was created, successful miners now earn 3.125 BTC per block completed, in addition to network transaction fees. Post-halving, the price of BTC appears to be holding steady, although there has been a significant spike in transaction fees on the network due to the launch of a new protocol called Runes.
Source
3️⃣ Telegram Commits To TON Blockchain, Plans To Support Tokenized Emojis And Stickers NFTs ‼️
At the recent Token2049 event in Dubai, Telegram founder Pavel Durov announced major plans to tokenise features, share ad revenue with users and onboard Tether’s stablecoin to the TON blockchain. Durov estimates that the advertising market running on blockchain rails could be worth tens of billions of dollars and that users, from owners of large group chats to content creators, will get a decent share of the revenue.
Durov stated,
The reason we love blockchain. It’s a technology of freedom. We care about freedom. Even our logo, the paper airplane symbolizes freedom to move in three dimensions.
🔥 Rally Report 🔥
DOGWIFHAT
The price of WIF has rallied by 20% in the past 24 hours.
WHY?!
☄️ Coinbase International has announced that it will add support for WIF perpetual futures on Coinbase International Exchange and Coinbase Advanced.
‼️ The opening of WIF-PERP will begin on or after 9:30am UTC on 25th April 2024.
If you want to buy or trade WIF, we have a 20% trading fee discount + $600 bonus for you on Binance 👇
🔗 https://www.coinbureau.com/deals/trading/binance/
🚨 New Video Alert!! 🚨
The Bitcoin halving is here, and BTC will blast off to new all time highs… right? Well, not so fast. The history of BTC’s returns immediately after the halving are mixed to say the least.
This time around there are also concerns about the profitability of Bitcoin miners post halving. Many reports suggest that many majors could go under. They would likely dump their BTC.
But, as with the expectations of the immediate pump, there’s more to the Bitcoin miner story than meets the eye. Not that it matters – BTC’s history has shown that all time highs come eventually!
Be sure to stick around to find out just how high BTC could go after this halving.
P.S. We hope you will enjoy our new deals skit!
https://www.youtube.com/watch?v=qqO9-uj-m2o
Читать полностью…
🔔 MARKET MOVING NEWS! (17/04/24)
1️⃣ Railgun Refutes Claims of North Korean Laundering Following Price Surge 🧐
Privacy protocol Railgun has refuted claims that it was used by North Korean hackers and other United States-sanctioned entities to launder cryptocurrency. It stated that the hacker group is “blocked from using the Railgun system” due to its “Private Proofs of Innocence” system, which went live over a year ago.
Railgun’s comment comes in response to various reports, including Wu Blockchain’s post about Lazarus Group hackers using Railgun to launder stolen assets and blockchain security firm Elliptic once labeling Railgun a “prime alternative to Tornado Cash.” Interestingly, the denial comes shortly after Railgun’s token price jumped over 123% after Ethereum co-founder Vitalik Buterin noted the project’s privacy benefits on X. Arkham Intelligence data also showed that the “vitalik.eth” address transferred 100 ETH (about $311,600) to Railgun.
Source
2️⃣ Crypto-Like Communication Devices Could Break Gov’t Surveillance — Telegram Founder Durov 🔥
In a recent interview with US journalist Tucker Carlson, Telegram Messenger founder Pavel Durov predicted that rising government surveillance will force the birth of secure communication devices inspired by cryptocurrency hardware wallets. He also claimed that the Federal Bureau of Investigation (FBI) attempted to persuade people affiliated with Telegram to install backdoors for surveillance purposes.
He stated,
The world is becoming less amenable. Governments are becoming less tolerant of privacy. And that’s clearly the trend because they have more technological power.
Passing a regulatory framework for stablecoins is absolutely critical to maintaining the U.S. dollar’s dominance, promoting responsible innovation, protecting consumers and cracking down on money laundering and illicit finance.
🔥 Rally Report 🔥
CORE
The price of CORE has rallied by 18% in the past 24 hours.
WHY?!
📈 The most likely factor behind the rally is the bullishness surrounding BTCFi.
☄️ Additionally, Core Foundation announced that it was hosting a private, invite-only event at Token2049. The event titled ‘BITCOIN SOCIAL’ is all about Bitcoin-aligned projects coming together in real life to drive conversations about building on Bitcoin and scaling it.
If you want to buy or trade CORE, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
It’s been a wild week in the crypto market, and we’re here to sum it up for you in a way that makes sense. For starters, macro factors such as the geopolitical situation caused billions in liquidation.
Then we got a bunch bearish crypto specific factors like the SEC sending a Wells Notice to Uniswap. There’s also a real risk that the escalation in the Middle East will be used to justify more crackdowns.
And yet, despite all of this FUD, a few cryptos managed to rally hard last week. Be sure to stick around until the end to find out which ones those were and where they could be headed next!
🔥 Rally Report 🔥
WORMHOLE
The price of W has rallied by 11% in the past 24 hours.
WHY?!
🎙 Wormhole has announced the NTT (Native Token Transfer) framework.
⚡️ The NTT framework makes W natively multichain in SPL format on Solana and ERC20 format on Ethereum, Arbitrum, Optimism and Base.
If you want to buy or trade W, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
https://www.youtube.com/watch?v=LAqNJBsXyjA
Читать полностью…
🔔 MARKET MOVING NEWS! (24/04/24)
1️⃣ Tether Will Freeze Wallets Evading Venezuelan Sanctions 🥶
Stablecoin issuer Tether has announced that it will freeze wallets using USDT to evade sanctions on oil exports in Venezuela. Notably, the announcement comes after Reuters reported that Venezuela’s state-run oil company PDVSA its use of the stablecoin to bypass sanctions.
A spokesperson from Tether stated,
Tether respects the OFAC SDN list and is committed to working to ensure sanction addresses are frozen promptly.
The sentence in this case will not just send a message to Zhao but also to the world. Zhao reaped vast rewards for his violation of U.S. law, and the price of that violation must be significant to effectively punish Zhao for his criminal acts and to deter others who are tempted to build fortunes and business empires by breaking U.S. law.
This time I am bringing you the code that is inside the Bitcoin Chivo Wallet ATMs in El Salvador, remember that it is a government wallet, and as you know, we do not sell, we publish everything for free for you.
🔔 MARKET MOVING NEWS! (23/04/24)
1️⃣ PayPal Wants to Give Green Bitcoin Miners Extra BTC Rewards 💸
The blockchain research division of international payments giant PayPal has proposed a fix that seeks to "accelerate the clean energy transition for Bitcoin mining." This will reportedly involve encouraging Bitcoin miners to use low-carbon energy sources in exchange for incentives layered on top of the Bitcoin network.
The firm hopes that the experimental incentive contributes to further discussion and innovation around Bitcoin and is seeking industry feedback on potential improvements. Under the proposal, “green miners” that use sustainable energy sources would be accredited with special “green keys,” which are associated with their public keys. Bitcoin transactions would be preferentially routed to these green miners by attaching lower fees but with an additional locked BTC reward in a multi-sig payout address that only the green miners can claim.
Source
2️⃣ Two SEC Lawyers Resign After Agency Censured for Abuse of Power in Crypto Case 🧐
According to a Bloomberg report, two Securities and Exchange Commission lawyers - Michael Welsh and Joseph Watkins, were forced to resign after a federal judge sanctioned the agency last month for committing “gross abuse of power.” Notably, the sanctions were passed in a case where the SEC was attempting to secure a temporary restraining order against Utah-based crypto company Debt Box. In the case, Michael Welsh served as the former lead attorney and Joseph Watkins was the investigative attorney whose declaration served as the foundation for the SEC’s case against Debt Box.
Source
3️⃣ NYSE Gauges Interest In 24/7 Stock Trading Like Crypto 🔍
The New York Stock Exchange is reportedly polling market participants on the merits of trading stocks around the clock as regulators scrutinise an application for the first 24/7 bourse. To test market sentiment, NYSE’s data analytics team put out a survey asking market participants whether they would support 24/7 or 24-hour weekday trading and if so, what systems should be put in place to protect traders from overnight price swings. Notably, the survey comes as start-up 24 Exchange, backed by Steve Cohen’s Point72 Ventures fund, is seeking SEC approval to launch the first round-the-clock exchange.
Source
4️⃣ Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment 💰
In a recent filing, cross-border payment protocol Ripple contested the United States Securities and Exchange Commission’s (SEC) request to impose a $2 billion fine against the blockchain company, saying the penalty should not exceed $10 million.
The filing reads,
The Court should deny the SEC’s requests for an injunction, for disgorgement, and for pre-judgment interest, and should impose a civil penalty of no more than $10 million. The SEC’s remedial requests are more evidence of the administrative overreach that has beset this case. The agency acts as though it had prevailed entirely and had proved reckless conduct. It has done neither. The agency also seeks disgorgement barred by controlling Supreme Court and Circuit precedent and a separate penalty that exceeds by more than 20 times what it has obtained from any other defendant or respondent in a digital-asset case.
https://www.youtube.com/watch?v=3rFd3otAfvE
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🔔 MARKET MOVING NEWS! (22/04/24)
1️⃣ Biden Signs ‘Terrifying’ Bill Giving US Agencies More Spying Power 🥶
United States President Joe Biden has reportedly signed off on passing legislation that reauthorises, extends and amends Section 702 of the Foreign Intelligence Surveillance Act (FISA) for an additional two years. In other words, this controversial bill expands the surveillance powers granted to U.S. government agencies, severely impacting the privacy of American citizens.
Notably, Biden’s signature comes a day after the U.S. Senate voted 60–34 in favour of passing the legislation. President Biden and supporters state that the bill was essential in aiding counter-terrorism efforts and preserving the national security interests of the United States. The bill’s critics, however, state that the reauthorisation and amendment of FISA would usher in a new era of surveillance and vastly expand spying powers afforded to government agencies, including the National Security Agency (NSA), Federal Bureau of Investigation (FBI) and the Central Intelligence Agency (CIA).
Source
2️⃣ Bitcoin Transaction Fees Come Crashing Down Post Halving ☄️
Transaction fees on the Bitcoin network have significantly fallen after the halving. On-chain data from Mempool.space shows that medium-priority transactions are now costing $8.48 while high-priority transactions cost $9.32. On the day of the halving, these fees spiked to over $146 for a medium-priority transaction and $170 for a high-priority transaction.
Source
3️⃣ Bitcoin Experiencing 'Defi Summer' Moment As Miners Rake In Record $100 Million Post-Halving: Bernstein 🔍
According to analysts at research and brokerage firm Bernstein, Bitcoin is currently experiencing a “DeFi summer” moment as the new Runes token standard helps spark record daily miner rewards and transaction fees. Bitcoin miners had reportedly been earning a total of $60 to $70 million in daily subsidy and transaction fee rewards in the lead-up to the halving. However, this spiked to $107.75 million on halving day, despite miners earning half the subsidy reward per block. According to Glassnode data, around 75% of this ($80 million) came from transaction fees alone.
In a note sent to clients on Monday, analysts Gautam Chhugani and Mahika Sapra wrote,
Bitcoin is no longer a ‘plain vanilla’ blockchain anymore, where nothing happens other than holders simply ‘HODL’ BTC. Bitcoin is experiencing a ‘Defi summer’ like moment that Ethereum did back in 2020, where multiple decentralised apps and tokens were launched on the Ethereum blockchain, leading to a splurge of liquidity and transaction fees.
🚨 New Video Alert!! 🚨
In recent years, Tether has undoubtably become one of the most important entities in the crypto industry. But what is next for Tether and USDT?
This week, Jessica had an interview with Paolo Ardoino, CEO of Tether, where they spoke about the stablecoin sector, Tether’s competitors, regulations and policies.
Will the EU's upcoming stablecoin restrictions impact USDT? How is Tether going to maintain its market dominance? What is Tether planning for the future?
All this and more in today’s video!
🔥 Rally Report 🔥
BONK
The price of BONK has rallied by 41% in the past 24 hours.
WHY?!
📈 Part of a larger market rally among dog-themed memecoins.
🔍 Another possible factor influencing the pump is the celebration of ‘DOGE’ day on April 20th.
If you want to buy or trade BONK, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
📹 https://www.youtube.com/watch?v=YZV9mji7UQo
🔔 MARKET MOVING NEWS! (19/04/24)
1️⃣ Tether Brings USDT And Gold Stablecoins To The TON Blockchain 💰
Stablecoin issuer Tether is reportedly launching its U.S. dollar-backed USDT and gold-backed XAUT stablecoins natively on The Open Network (TON) blockchain. Tether CEO Paolo Ardoino stated that USDT on TON will go live on April 20, and XAUT on TON will follow in the coming months.
Explaining the move, Ardoino stated,
Telegram has an impressive ecosystem with 900 million monthly active users. Tether has more than 300 million users globally. Tether and Telegram can empower each other's ecosystems.
Source
2️⃣ Mango Markets Attacker Guilty of Fraud Over $110 Million Exploit 🔒
A federal jury has reportedly found Mango Markets exploiter Avraham “Avi” Eisenberg guilty on all counts of commodities fraud, commodities manipulation, and wire fraud after a week-long trial in Manhattan. He now faces up to 20 years in prison but has not yet been sentenced by New York District Court Judge Arun Subramanian.
Source
3️⃣ Avail Confirms Token Airdrop Plans, a Week After Leaked Screenshots ☄️
Blockchain data-availability (DA) project ‘Avail’ has reportedly confirmed that it will be airdropping 600 million of its native AVAIL tokens to users. Notably, the confirmation comes a week after screenshots of the eligibility criteria leaked out on the social media platform X.
According to a blog post from the Avail team, 354,605 wallet addresses are eligible to claim the 600 million tokens in their “unification drop.” Recipients are widespread, but the team said that they must be either blockchain ecosystem developers, testnet contributors, users of rollups (Polygon, zkSync, Starknet, Optimism, and Arbitrum), Polygon PoS stakers or Avail community members that have made significant ecosystem contributions.
Source
4️⃣ DAO Acquires Rights To The Image Behind The Doge Meme ⚡️
‘Own The Doge’, the DAO associated with the Shiba Inu meme behind the Dogecoin token, has reportedly secured the legal rights to the iconic image. Own The Doge project leaders John Monarch and ‘Tridog’ reportedly negotiated a deal with Sato Atsuko, the owner of the 18-year-old Shiba Inu named Kabosu. The deal saw the group purchase exclusive licensing and rights for the Doge image.
Own The Doge said that with more clarity around the Doge image copyright, there were opportunities for partnerships with big brands. The project said they reached out to Sato roughly three years ago and were able to negotiate a deal to purchase the rights to Kabosu’s image by working with legal experts in Japan and the United States.
Source
5️⃣ Bitcoin Spot ETFs Register Five-Day Withdrawals Streak Ahead of Halving 🔽
The U.S.-based spot bitcoin (BTC) ETFs registered cumulative outflows of $4.3 million yesterday. Notably, provisional data published by Farside Investors shows the ETFs have witnessed a total net outflow of over $319 million since April 12, with Grayscale's GBTC accounting for a large share of the withdrawals.
However, outflows from Grayscale have been a recurring occurrence since day one. The primary cause of the recent streak of net outflows appears to be a slower pace of inflows into other ETFs might be. Notably, BlackRock's IBIT attracted just $18.8 million on Thursday, down 93% from the monthly high of $308.8 million on April 5.
Source
https://www.youtube.com/watch?v=MTB3di89DwU
Читать полностью…
🔔 MARKET MOVING NEWS! (18/04/24)
1️⃣ Worldcoin To Have Its Own Layer 2 Blockchain Called World Chain 🔥
Proof-of-humanity project Worldcoin has announced the launch of World Chain - its new layer-2 blockchain initiative designed to prioritise human users, enhance efficiency and foster real-world utility in Web3 applications. The Worldcoin Foundation also stated that users who have been verified as human will "enjoy priority blockspace over bots and some free gas.” This will reportedly also act as a way for developers to reach millions of users with apps focused on real-world utility.
Source
2️⃣ Bored Ape Creator Yuga Labs Just Offloaded NFT Games to Sharpen Focus on 'Otherside' ❓
BAYC creator Yuga Labs has reportedly sold two of its gaming IPs - HV-MTL and Legends of the Mara, along with associated NFT collections to Web3 gaming studio Faraway. Faraway is also adding Yuga Labs’ Chief Gaming Officer Spencer Tucker as its new Chief Product Officer to help maintain continuity as the games continue under a new company. This means that Yuga Labs now has only two gaming properties remaining in-house: metaverse gaming platform Otherside, and the Bored Ape-themed Dookey Dash, which Faraway recently rebuilt as a free-to-play game due out soon.
Source
3️⃣ Binance’s $1B Emergency ‘SAFU’ Fund Now Makes Up 3% Of UDSC Supply ⚡️
Crypto exchange Binance is reportedly converting 100% of the assets held in its Secure Asset Fund for Users (SAFU) into Circle’s USDC stablecoin. Notably, this move has resulted in the crypto exchange now holding 3% of USDC’s circulating supply. For context, the exchange’s SAFU is an emergency insurance fund established in 2018 to protect Binance users in extreme situations, such as exchange hacks, where users could be reimbursed for unforeseen losses.
Source
4️⃣ Binance To Restart Operations In India As Compliant FIU-Registered Entity ☄️
According to an Economic Times report, crypto exchange Binance is planning to restart operations in India by paying a $2 million fine for non-compliance. After paying the fine, Binance will return to the country as an FIU-registered firm. Notably, this makes Binance the second overseas exchange after KuCoin to mark a return to the country after India’s financial regulatory body blocked access to crypto exchanges for non-compliance.
Source
5️⃣ Sweden Demands $90M In Outstanding Tax From Crypto Miners ‼️
According to a recent investigation conducted by the Swedish Tax Agency —Skatteverket, crypto miners in the country owe over $90 million in taxes after four years of misappropriations. Notably, the agency investigated the operations of 21 crypto-mining firms between 2020 and 2023.
The investigation revealed that 18 crypto-mining firms filed “misleading or incomplete” information to benefit from tax incentives. This includes crypto firms providing misleading business descriptions to avoid paying value-added tax (VAT) on taxable operations and avoiding paying import taxes on mining equipment or income tax on mining revenue.
Source
🚨 New Video Alert!! 🚨
Buying BTC is easier said than done. If you do it wrong, it can cost you a lot of time and possibly lots of money too. In today’s video, you show you how to buy BTC the right way.
We will also give a brief explanation of what BTC is. If you’re reading this, chances are you already know. Even if you do, a refresher is never a bad idea.
If you know someone who’s not that familiar with BTC that’s considering buying, this is a video for them. It’s also a video for you, because we provide 10 tips on how to maximise BTC gains at the end!
Enjoy!
🔔 MARKET MOVING NEWS! (16/04/24)
1️⃣ Bitcoin Miners Could Be Forced Out of Norway With Data Center Law 💸
Norwegian lawmakers have reportedly passed a law placing data reporting requirements on Norway’s data centers. The new legislation will mandate official registration from all data centers in the country, including information about the owners and leaders of these centers and the type of digital services they offer. Norway will become the first European country to establish such a framework. The legislation is reportedly intended to regulate the use of energy devoted to crypto-mining operations.
Digitalization Minister Karianne Tung stated,
The purpose is to regulate the industry in such a way that we can close the door on the projects we do not want.
Source
2️⃣ OKX Launches New Layer 2 On Mainnet, Aims to Bring 50 Million Users On-Chain 🔥
Crypto exchange OKX has announced the launch of the public mainnet of its new layer-2 blockchain called X Layer. OKX’s new layer-2 chain is an Ethereum-based zero-knowledge Layer 2 network that utilises the Polygon Chain Development Kit.
OKX CMO Haider Rafique stated,
We envision X Layer and other Layer 2 chains as the highway infrastructure of the Web3 world, with dApps as the marketplaces and self-hosted wallets as the vehicles that take you there. In pursuit of this vision, we are building an ecosystem that is as seamless and interoperable as possible.
Source
3️⃣ Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF ▶️
United States Senators Elizabeth Warren and Charles Grassley have reportedly sent a letter to Commodity Futures Trading Commission (CFTC) chair Rostin Behnam asking for "an accounting of all meetings and correspondence” of Behnam’s contacts with former FTX CEO Sam Bankman-Fried during his tenure.
The letter quotes Behnam’s statement before a Senate Agriculture Committee hearing in December that revealed CFTC officials had met with Bankman-Fried and his team as many as 10 times at the agency over a 14-month period. Behnam also reportedly told lawmakers in 2022 that he'd exchanged "a number of messages" with the FTX founder.
Source
4️⃣ Crypto Exchange VALR Obtains South African License ‼️
South Africa’s Financial Sector Conduct Authority (FSCA) has reportedly granted new crypto asset service provider (CASP) licenses to South African crypto exchange VALR. Notably, Pantera-backed VALR is among the first batch of crypto firms to obtain approvals from the FSCA. Other platforms that recently received a license from the FSCA include exchange platform Luno and crypto social investment platform Zignaly.
Source
5⃣ Cryptojacker Conned $3.5M From Cloud Firms To Mine Crypto, Feds Allege 🔍
United States prosecutors have reportedly charged Charles O. Parks III with wire fraud and money laundering charges after he allegedly defrauded two cloud computing providers of $3.5 million to run a “large-scale illegal ‘cryptojacking’ operation” that mined $970,000 in cryptocurrencies. He now faces a combined maximum sentence of 50 years in prison and is scheduled to appear before an Omaha federal court on April 16.
Source
https://www.youtube.com/watch?v=PYWsd8e5n-I
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🔔 MARKET MOVING NEWS! (15/04/24)
1️⃣ Hong Kong Approves First Batch Of Spot Bitcoin, Ether ETFs In Drive To Become Crypto Hub 💸
Hong Kong has reportedly approved the applications of several spot bitcoin and ether exchange-traded funds. Specifically, China Asset Management, Bosera Asset Management, and HashKey have received approval from the Hong Kong Securities and Futures Commission to offer retail asset management services related to spot crypto ETFs. While the firms did not disclose the timeline of the launch, the approval of these ETFs is expected to provide investors with new asset allocation opportunities and strengthen Hong Kong's position as an international financial center and virtual asset hub.
Source
2️⃣ Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions 📈
PAXG, the gold-backed digital asset from Paxos, spiked to an all-time of $2,923 over the weekend amid a backdrop of rising tensions in the Middle East. Notably, this places PAXG’s price at a premium of over 20% to the yellow metal's per-ounce price of $2,342.90 on Friday's New York close. This has also lead some to question Bitcoin’s value as a geopolitical hedge.
A Paxos spokesperson stated,
Geopolitical events create price movements; it is not simple or straightforward to know what the price of gold should be at any given moment. In addition, the main spot gold markets are only open from Sunday at 6pm until Friday early afternoon. When events occur globally over the weekend, the price of gold could not be referenced against the main spot market because it is closed. Gold has been very volatile recently and even on Friday, gold traded in a $100 range, which is virtually unprecedented.
We are now working at pace to deliver the legislation to put our final proposals for our regime in place. Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers’ assets and other things, will come within the regulatory perimeter for the first time.