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CoinMarketCap Announcements

#cryptonews, Feb 23 brings you:

SBF offers to pay for tech expert 💰
Big setback for Dapper Labs ❌
Crypto 'has lost battle to replace cash' 😱
Coinbase targeted by phishers 🚨
Blur's co-founder reveals his identity 🔥

Details: https://coinmarketcap.com/alexandria/article/coinmarketcap-news-feb-23:-sam-bankman-fried's-bail-is-hanging-in-the-balance

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Coinbase Suffers Huge Net Loss in 2022 as FTX Collapse Scares Away Consumers:
The leading U.S. crypto exchange saw a drop in transactions and steep losses, but CEO Brian Armstrong said a growing regulatory push in Congress will ultimately benefit the company.

👉Details: https://coinmarketcap.com/alexandria/article/coinbase-suffers-huge-net-loss-in-2022-as-ftx-collapse-scares-away-consumers

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#cryptonews, Feb 22 brings you:

Crypto Queen Ruja Ignatova 'is dead' 🚨
Friendsies developers deny rug pull ❌
Coinbase suffers painful net loss 📉
Nexo co-founder: Charges are 'ludicrous' 😬

Details: https://coinmarketcap.com/alexandria/article/coinmarketcap-news-feb-22:-nft-project-denies-it's-a-rug-pull-after-twitter-fiasco

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Kraken CEO Accuses SEC of Conspiring Against Crypto:
Jesse Powell went on a Twitter rampage — accusing the SEC of deliberately allowing FTX's collapse to happen in order to kill the industry.

👉Details: https://coinmarketcap.com/alexandria/article/kraken-ceo-accuses-sec-of-conspiring-against-crypto

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Crypto is 'Really Dangerous,' World Wide Web Inventor Warns:
Tim Berners-Lee said cryptocurrency is little more than gambling, and has said that "it's a shame" the Web3 name was taken by the digital assets industry.

👉Details: https://coinmarketcap.com/alexandria/article/crypto-is-'really-dangerous'-world-wide-web-inventor-warns

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OpenSea Slashes Its Fee and Creator Earnings as World's Biggest NFT Marketplace Comes Under Threat:
All of this comes as a rival NFT marketplace called Blur continues to wrestle away market share from OpenSea — causing insult to injury at a time of lower trading volumes.

👉Details: https://coinmarketcap.com/alexandria/article/opensea-slashes-its-fee-and-creator-earnings-as-world's-biggest-nft-marketplace-comes-under-threat

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Ex-NBA Star Paul Pierce Fined $1.4M By SEC for Shilling Ethereum Max:
Pierce's posts came shortly after he was fired as a pundit for ESPN because of an Instagram Live video that showed him disregarding COVID rules while in a room with exotic dancers.

👉Details: https://coinmarketcap.com/alexandria/article/ex-nba-star-paul-pierce-fined-dollar1.4m-by-sec-for-shilling-ethereum-max
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Judge to Bankman-Fried: You Don't Need a VPN To Watch The Super Bowl:
The founder of the failed FTX cryptocurrency exchange was caught using a virtual private network that hides web browsing while out on bail.

👉Details: https://coinmarketcap.com/alexandria/article/judge-to-bankman-fried:-you-don't-need-a-vpn-to-watch-the-super-bowl

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Scenes from the Senate's 'Crypto Crash' Hearing
: The Senate Banking Committee held a hearing on the crypto industry's collapse — looking at the role of regulators, the value of innovation and the need for more useful disclosure.

👉Details: https://coinmarketcap.com/alexandria/article/scenes-from-the-senate's-'crypto-crash'-hearing

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Digital Dollar Champion Lael Brainard Named Top Presidential Economic Adviser:
The Federal Reserve vice chairwoman has been calling for strong crypto regulation while arguing that a U.S. central bank digital currency.

👉Details: https://coinmarketcap.com/alexandria/article/digital-dollar-champion-lael-brainard-named-top-presidential-economic-adviser

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Week in DeFi: Uniswap Drama, DeFi Giants Make Their Moves and Some Polkadot Action:
Another action-packed week of DeFi protocols shipping, amidst a retracement in the markets. Don't miss out on our weekly roundup of the most important DeFi tweets, news and alpha.

👉Details: https://coinmarketcap.com/alexandria/article/week-in-defi-uniswap-drama-defi-giants-make-their-moves-and-some-polkadot-action

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Crypto Lender Nexo Announces April 1 Withdrawal From U.S.
: The firm settled a lawsuit by the Securities and Exchange Commission and a number of state regulators by agreeing to a $45 million fine and to kill its crypto lending accounts.

👉Details: https://coinmarketcap.com/alexandria/article/crypto-lender-nexo-announces-april-1-withdrawal-from-u.s.

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New NFT Lets Rihanna Fans Make Money from Her Music, as Linkin Park Team Up with Web3 Artist:
Ahead of a long-awaited half-time show at the Super Bowl, Rihanna released 300 NFTs costing $210 each — and they had the potential to be a nice little earner for lucky holders.

👉Details: https://coinmarketcap.com/alexandria/article/new-nft-lets-rihanna-fans-make-money-from-her-music-as-linkin-park-team-up-with-web3-artist

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Coinbase CEO 'Hearing Rumors' That Staking Could Be Banned in U.S.
: Brian Armstrong sent out a Twitter thread on Feb. 8 warning that the Securities and Exchange Commission wants to ban retail consumers from staking cryptocurrencies.

👉Details: https://coinmarketcap.com/alexandria/article/coinbase-ceo-'hearing-rumors'-that-staking-could-be-banned-in-u.s.

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Hermès Wins MetaBirkin NFT Trademark Case, Setting a Precedent for Creators:
The luxury fashion brand was awarded $133,000 in a closely watched case that will have a lasting impact on how artists and brands will interact in the metaverse.

👉Details: https://coinmarketcap.com/alexandria/article/hermes-wins-metabirkin-nft-trademark-case-setting-a-precedent-for-creators

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Friendsies Developers Deny Rug Pull, Blame Poor Communications:
The NFT project's developers said they weren't halting work on the 'AR/AI digital companions' or the promised play-to-earn game, just communications — which went over very badly.

👉Details: https://coinmarketcap.com/alexandria/article/friendsies-developers-deny-rug-pull-blame-poor-communications

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Nexo's Co-Founder Lashes Out at Bulgaria's 'Ludicrous' Charges:
Nexo co-founder Antoni Trenchev called charges by Bulgarian police including money laundering and tax evasion 'ludicrous' after offices raided.

👉Details: https://coinmarketcap.com/alexandria/article/nexo's-co-founder-lashes-out-at-bulgaria's-'ludicrous'-charges

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Terra Founder Do Kwon Pulled $100M Out of Price Protection Fund, SEC Alleges:
The Securities and Exchange Commission has accused Kwon of yanking 10,000 Bitcoins out of Terraform and Luna Foundation Guard funds shortly after the stablecoin's collapse.

👉Details: https://coinmarketcap.com/alexandria/article/terra-founder-do-kwon-pulled-dollar100m-out-of-price-protection-fund-sec-alleges

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FTX Japan Opens Customer Withdrawals, as Millions of Other Users Face Long Wait:
Not every FTX customer lost their assets to Sam Bankman-Fried's alleged fraud. Several highly regulated divisions were not touched, and the FTX Japan unit is the first to return funds.

👉Details: https://coinmarketcap.com/alexandria/article/ftx-japan-opens-customer-withdrawals-as-millions-of-other-users-face-long-wait

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Revealed: Who Bear Market Affected the Most:
The Bank for International Settlements published a paper saying half of small crypto investors lost money last year. But in poorer countries like India, Turkey and Pakistan, it was 80%.

👉Details: https://coinmarketcap.com/alexandria/article/revealed:-who-bear-market-affected-the-most

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Frustrated Judge Hints He May Revoke Sam Bankman-Fried's Bail:
Judge Kaplan suggests prosecutors should come up with tighter bail conditions — saying: "Why am I being asked to turn him loose in this garden of electronic devices?"

👉Details: https://coinmarketcap.com/alexandria/article/frustrated-judge-hints-he-may-revoke-sam-bankman-fried's-bail

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Week in DeFi: SEC Clamps Down on Crypto, Zero-Knowledge Players in Motion and a Revived Umami:
Amidst bearish news and regulatory clampdowns, the market pushes ahead — in yet another exciting week in DeFi. Check out the most important tweets, news and alpha you wouldn't want to miss.

👉Details: https://coinmarketcap.com/alexandria/article/week-in-defi-sec-clamps-down-on-crypto-zero-knowledge-players-in-motion-and-a-revived-umami

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Judge Halts SEC, CFTC Cases Against FTX:
Citing concerns that regulatory cases could interfere with his criminal prosecution, the U.S. Attorney's office convinced a federal judge to order the two civil cases put on hold.

👉Details: https://coinmarketcap.com/alexandria/article/judge-halts-sec-cftc-cases-against-ftx

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Police Seized Nearly $500,000 in BTC From Andrew and Tristan Tate:
The Instagram influencer, kickboxer, misogynist and alleged human trafficker has already had about $4 million in luxury cars, watches, homes and cash seized by Romanian authorities.

👉Details: https://coinmarketcap.com/alexandria/article/police-seized-nearly-dollar500000-in-btc-from-andrew-and-tristan-tate

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Coinbase Ready to Fight SEC over Crypto Staking Service:
Brian Armstrong said the exchange will "happily defend" its Coinbase Earn staking service in court days after competitor Kraken paid a $30 million fine and ended its program.

👉Details: https://coinmarketcap.com/alexandria/article/coinbase-ready-to-fight-sec-over-crypto-staking-service

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One of North Korea's Favorite Crypto Mixers Is Back, Laundering $100M
: Blender.io, the first crypto mixing service hit by U.S. sanctions appears to have relaunched under the name Sinbad, a newcomer that gained a lot of Lazarus Group business quickly.

👉Details: https://coinmarketcap.com/alexandria/article/one-of-north-korea's-favorite-crypto-mixers-is-back-laundering-dollar100m

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France's Centre Pompidou Museum Acquires NFTs:
Paris' renowned Centre Pompidou will show a collection of NFT art it has added to its collection, marking another step on the medium's road to artworld acceptance.

👉Details: https://coinmarketcap.com/alexandria/article/france's-centre-pompidou-museum-acquires-nfts

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After 11 Years in Business, LocalBitcoins is Shutting Down:
The site was a vital tool in helping emerging economies access Bitcoin, but had also become a prime destination for crypto stolen through hacks and scams.

👉Details: https://coinmarketcap.com/alexandria/article/after-11-years-in-business-localbitcoins-is-shutting-down

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Ready to Learn About DeFiChain 🔥

#DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the #Bitcoin network to enable advanced DeFi applications.

Learn about DeFiChain & Earn $150,000 worth of $DFI!

👉 Learn more here: https://coinmarketcap.com/earn/project/defichain?utm_source=Telegram&utm_campaign=DeFiChain_LNE_Telegram&utm_id=DeFiChain_LNE

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FTX to Subpoena SBF and Parents, Other Insiders:
The bankrupt exchange's management asked for the ruling after saying information about the finances of Sam Bankman-Fried and other former top FTX executives has not been provided.

👉Details: https://coinmarketcap.com/alexandria/article/ftx-to-subpoena-sbf-and-parents-other-insiders

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