Alex $ERC20 Token

05 декабря 2022 07:34

Media: Genesis crypto lender owes about $1 billion to Gemini exchange clients

According to the Financial Times, cryptocurrency lending service Genesis and its parent company Digital Currency Group (DCG) owe more than $900 million to clients of the Gemini exchange.

Gemini, founded by Tyler and Cameron Winklevoss, is unsuccessfully trying to recover funds after crypto lender Genesis suffered significant losses due to the collapse of FTX. Venture capital firm DCG, which owns Genesis Trading and Grayscale, accounts for the bulk of the $575 million debt.

Experts note that the presence of large intrastructural loans can cause additional complexity. For example, DCG itself owes its subsidiary Genesis about $2 billion.

Alex $ERC20 Token

04 декабря 2022 11:43

Financial Times: Genesis and DCG owe $900 million to Gemini clients

Cryptocurrency broker Genesis Global Capital and its parent company Digital Currency Group (DCG) owe $900 million to clients of the Gemini exchange, the Financial Times writes, citing sources familiar with the matter.

On November 16, Genesis Trading (part of DCG) froze the withdrawal of funds and the issuance of new loans. This came amid "increased demand" from customers following the collapse of FTX.

The OTC platform is a partner of Gemini's Earn Landing Program.

According to FT interlocutors, the Winklevoss twin exchange is trying to return client assets. To do this, she formed a committee of creditors.

Alex $ERC20 Token

04 декабря 2022 09:17

Liquidators of Three Arrows Capital put up for sale the property of the fund

The liquidators of the bankrupt cryptocurrency hedge fund Three Arrows Capital received permission to sell the identified property.

Teneo, the official liquidator of Three Arrows Capita (TAC), said in bankruptcy court for the Southern District of New York last Friday that it had begun taking control of TAC's assets and property.

The liquidators added that they had already recovered about $3 million in the forced return of investments and the sale of the NFT collection, and also confiscated over $35 million in cash held by the bankrupt firm in Singapore banks.

In addition, the liquidation commission managed to obtain court permission to sell TAC's Much Wow and add more than $30 million to the bankruptcy estate.

Alex $ERC20 Token

03 декабря 2022 19:39

Court Denies South Korean Prosecutor's Detention of Terraform Labs Co-Founder

The Seoul Southern District Court has rejected a request from the South Korean prosecutor's office for a warrant to arrest Terraform Labs co-founder Daniel Shin. It is reported by Yonhap.

The waiver also applies to arrest warrants for three of the company's investors and four developers. The reasons for this decision are not specified.

The corresponding requests were submitted to the court on November 30. Prosecutors suspect Sheen of making ~$105 million in illegal profits from the sale of pre-mine LUNA.

The department noted that they consider cryptocurrencies as a security. Sheen is also accused of violating the order of electronic financial transactions, since the data and funds of the fintech company Chai Corp were allegedly used to promote LUNA.

Alex $ERC20 Token

03 декабря 2022 12:39

Former FTX.US President Brett Harrison seeks funding for new startup

Brett Harrison, the former president of the bankrupt US division of the FTX cryptocurrency exchange, announced the start of a funding round to create a new crypto startup.

Former FTX.US President and CEO Brett Harrison plans to launch a startup that will create cryptocurrency trading software for large investors.

Harrison said that he has already entered into an agreement with one of the venture capital companies to provide financing in the amount of $6 million. Now he plans to raise about $60 million in the first round of financing to launch a new project.

In September, more than a month before the FTX collapse, Harrison officially announced his resignation from the exchange's leadership positions. Therefore, he managed to avoid targeted criticism of involvement in the theft of user funds.

Alex $ERC20 Token

03 декабря 2022 12:26

Hi all! Fresh crypto rate!

Alex $ERC20 Token

02 декабря 2022 16:29

Mike Novogratz calls Sam Bankman-Freed's statement "nonsense"

Galaxy Digital founder Mike Novogratz has criticized Sam Bankman-Fried (SBF) following his latest media outcry regarding the FTX collapse.

“It was nonsense. Let's be clear. Sam raved about what had happened and his own fault for it. He needs to be held accountable,” Novogratz told Squawk Box host Andrew Sorkin.

The founder of Galaxy Digital was surprised that lawyers "let [Bankman-Fried] talk." In his opinion, the former head of FTX and his associates "perpetuated fraud" and should be in jail.

Alex $ERC20 Token

02 декабря 2022 10:42

DeFi protocol Ankr has been hacked. aBNBc price collapsed to zero

Attackers attacked the Ankr DeFi protocol and issued a huge amount of aBNBc tokens. The price of a synthetic asset used in staking has fallen to zero.

The project team confirmed the incident and assured users that their funds are safe. She promised to reissue aBNBc and recover losses based on the account snapshot.

Binance said that the hack did not affect users of the platform and their funds are safe.

Alex $ERC20 Token

02 декабря 2022 08:00

Timex to launch limited edition watch collection in partnership with Bored Ape Yacht Club

The American company Timex has announced a limited series of watches in the design of NFT-collections Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC).

Personalized accessories will receive 500 non-fungible token holders from the respective collections. They will be able to choose a strap and laser engraving on the back of the watch, from the image of a "bored monkey" to the serial number of the NFT.

The exclusive watches also come with their NFT counterparts.

Timex will launch pre-sales on December 2nd live at the Art Basel event. From December 4 to December 31, NFTs will be available for online ordering for 2 ETH (about $2,550 at the exchange rate at the time of writing).

Deliveries of NFT watches in collaboration with BAYC and MAYC will begin in the second quarter of 2023. The company will also launch its own Timex Forge metaverse on December 16, 2022.

Alex $ERC20 Token

01 декабря 2022 15:09

no one knows what these things are for

Alex $ERC20 Token

01 декабря 2022 14:09

In November, the crypto industry lost more than $ 391 million from hacks

In November, the Web3 industry lost $391.6 million as a result of 29 exploits, including the Deribit hot wallet hack and the theft of FTX funds, PeckShield calculated.

Since the beginning of the year, the damage to the cryptocurrency industry from hacker attacks has reached $3.37 billion. For the entire 2021, the amount amounted to $1.55 billion, experts noted.

This year, the record for the amount of losses from exploits was October — $760.2 million. Then the most part of the indicator was the damage from the hacking of the BSC Token Hub bridge of the BNB Chain network for $586 million.

In November, a significant share of the losses from hacks came from the incident with the bankrupt FTX exchange. An unknown person withdrew digital assets from the platform for about $340 million, experts recalled. These were mainly bitcoin (25.4%) and Ethereum (68%).

Alex $ERC20 Token

01 декабря 2022 12:20

Pavel Durov announced a non-custodial wallet and DEX from the Telegram team

The Telegram team will develop non-custodial wallets and decentralized applications, including DEX. This was stated by the founder of the messenger Pavel Durov.

“The blockchain industry is built on the promise of decentralization, but in the end, all power was concentrated in the hands of a few people who began to abuse it. As a result, many people lost money when FTX went bankrupt,” he wrote.

According to Durov, industry projects should “go back to the roots” — switch to trustless transactions and non-custodial wallets.

In conclusion, Durov stated that the Telegram team intends to create “a set of decentralized tools, including non-custodial wallets and decentralized exchanges” based on the TON blockchain.

Alex $ERC20 Token

01 декабря 2022 07:27

Good morning! Bitcoin at 17k is not a cause for great joy, but the patient is more alive than dead😁

Alex $ERC20 Token

30 ноября 2022 10:34

Sam Bankman-Fried spoke about the reasons for the collapse of FTX and the FTT token

The collapse of the utility token FTX (FTT) is not caused by a lack of liquidity, but by the actions of investors who experienced “fear” due to the current market situation. The founder of the cryptocurrency exchange, Sam Bankman-Fried, stated this in an interview with Tiffany Fong on November 16 (published on November 29).

“I think FTT had real value. […] In many ways, [the token] was more legal than many other digital assets. It had more economic backing than other tokens. […] Illiquidity was not the cause of the crash. This is a massive correlation of events during market moves, especially when they are driven by fear of the position itself,” Bankman-Fried said.

More details in the interview:
https://www.youtube.com/watch?v=6DezodR9hNI

Alex $ERC20 Token

30 ноября 2022 08:38

The National Bank of Ukraine introduced the concept of the digital hryvnia

The Ukrainian financial regulator announced that the use of the state digital currency by individuals and legal entities should be convenient and affordable.

The National Bank (NBU) positions the digital hryvnia (e-hryvnia) as an electronic form of the monetary unit of Ukraine, which in fact will be a direct financial obligation of the central bank:

The state digital currency will have to be used for:

- retail non-cash payments with programmed money functionality:

- for targeted social payments, reducing government spending on administration and control of the intended use of funds;

- circulation of digital assets (for example, for the exchange, provision of issuance and other operations with virtual assets);

- international payments, which, according to officials, should become faster, cheaper and more transparent.

Alex $ERC20 Token

05 декабря 2022 07:20

Good morning! Fresh crypto rate for today!

Alex $ERC20 Token

04 декабря 2022 09:25

Morgan Stanley CEO: I'm Glad I Didn't Buy Bitcoin for $60,000

The CEO of one of the world's largest banks, Morgan Stanley, said he was holding back from investing in digital assets due to the high level of risk and unpredictability.

James Gorman announced that he does not consider cryptocurrencies to be a short-lived fad, as this type of asset is maturing and will no longer be able to disappear from the market. At the same time, the banker is afraid to invest in crypto assets, since it is rather difficult for him to assess their intrinsic value. According to the Morgan Stanley CEO, cryptocurrencies are in themselves speculative assets, and he is glad that he did not buy bitcoin for $60,000.

Gorman likened digital assets to the dot-com era of the late 1990s, when investors poured money into young tech startups en masse, hoping to make a quick profit. However, when most Internet companies closed down due to lack of capital, it caused the stock market to crash.

Alex $ERC20 Token

04 декабря 2022 09:14

Good morning! Fresh crypto rate!

Alex $ERC20 Token

03 декабря 2022 12:45

Opera browser will add the ability to issue NFT

Opera developers announced a partnership with the Alteon LaunchPad platform. Through collaboration, browser users will be able to quickly and cheaply issue non-fungible tokens.

To release the NFT, Opera users will be able to simply drag and drop pictures or other media files into the browser window. The program itself will carry out the conversion and, using smart contracts, will upload the file to the blockchain.

“Now our users will be able to create NFTs quickly and easily, without additional fees. This will push people towards the emerging NFT industry,” said Opera chief executive Susie Batt.

Alex $ERC20 Token

03 декабря 2022 12:30

Michael Novogratz: "Bitcoin will cost $500,000, but it will take a long time"

During an interview with Bloomberg, Michael Novogratz noted that the macroeconomic situation has changed significantly, so it will take bitcoin more time to reach this mark. Novogratz previously said that BTC would be worth $500,000 by 2025.

“It won't happen in five years. I will explain why - the main change and the reason for the fall of bitcoin from $69,000 to $20,000 is that Fed Chairman Jerome Powell decided to show the superpower of the Central Bank and began to fight inflation. He raised the base rate from 0% to 4%. Therefore, all the assets that we called inflation hedge assets began to fall. This is the main reason for the fall of the cryptocurrency market,” said Novogratz.

Alex $ERC20 Token

02 декабря 2022 17:37

Porsche to launch its own NFT collection of 7,500 items

The German automaker will launch in January 2023 the first collection of 7,500 non-fungible tokens based on the classic Porsche 911.

Porsche management announced that the company has attracted Hamburg-based designer and 3D artist Patrick Vogel to create collectible tokens. The peculiarity of the collection is that buyers of tokens will be able to decide in what style their individual NFTs will be executed: Performance, Lifestyle or Heritage. Each of the three types, the developers assure, has characteristics inherent in the Porsche brand, which will be reflected in the design of the NFT.

“NFTs will allow us to convey our understanding of modern luxury and the unique positioning of the Porsche brand, reflecting it in the digital world,” Detlev von Platen, member of the Porsche Sales and Marketing Executive Board, describes the pleasures of buying tokens.

Alex $ERC20 Token

02 декабря 2022 10:51

Apple Forced Coinbase to Disable NFT Support in iOS App

Apple's policy does not prohibit the use of NFT in mobile applications, however, it requires a commission of 30% from any financial transactions in applications on the company's devices. Including from the gas used in transactions with NFT. The Coinbase exchange announced that it is not possible to withdraw commission from transaction fees.

“You may have noticed that you are no longer able to transfer NFTs in the Coinbase Wallet iOS app. This is because Apple has blocked the latest version of our app until we disable this feature. Apple states that the gas required for a transaction must be routed through their internal purchasing system and subject to a 30% fee. For those who understand how blockchain works, it is clear that this is not possible. Their buying system does not support cryptocurrencies and we cannot meet the requirement even if we tried to do so,” Coinbase said.

Alex $ERC20 Token

02 декабря 2022 08:08

US authorities accused 21 Americans of laundering money through cryptocurrencies

The Texas federal prosecutor's office has filed a series of criminal charges against US citizens suspected of fraud and money laundering using cryptocurrencies.

The operation, which "interrupted more than $300 million in annual money laundering operations," seized millions of dollars in cash and cryptocurrencies.

Four defendants, including the alleged ringleader, 57-year-old Tulasidas Konda, have already pleaded guilty.

Alex $ERC20 Token

02 декабря 2022 07:55

Good morning! Fresh crypto rate!

Alex $ERC20 Token

01 декабря 2022 14:39

Irkutsk miner was accused of stealing electricity for 1.6 million rubles

In Irkutsk, they are preparing to judge the "underground miner". A local entrepreneur installed 130 cryptocurrency mining devices, powering them bypassing the electricity meter. Power engineers estimated the damage at 1.6 million rubles.

The man placed a container with a mining farm, switched the power wires so as to steal electricity, the police insist. Cryptocurrency mining in this way lasted about three months. At the same time, the owner of the equipment connected the load through the meters for several days a month, in order, investigators say, "to create the appearance of conscientious use of networks."

Alex $ERC20 Token

01 декабря 2022 12:22

Willy Wu: "Bitcoin will bottom in the $14,000-$10,000 range"

Popular blockchain analyst and researcher Willy Wu stated that buyers have recently stepped in to support bitcoin, reducing volatility and placing it in a sideways trend.

According to him, the indicators show that the prices of many cryptocurrencies are moving sideways, which is a sure sign of accumulation. Wu believes that the bottom of bitcoin is between $14,000 and $10,000.

“Many investors want bitcoin to fall to $10,000. $12,000 or $13,000 doesn't shock me. Bitcoin can rise higher or fall lower, now is a good time for the average price,” Wu said.

Alex $ERC20 Token

01 декабря 2022 07:30

Vitalik Buterin: Large holders of control tokens are dangerous for the crypto industry

The co-founder of the project, who was the first to launch smart contracts, Vitalik Buterin is ambivalent about project management tokens. According to him, the ability to manage the development of a crypto project using tokens does not make these coins valuable:

"It's like you're saying to yourself, 'I'm buying X dollars because later someone might buy it from me or from other investors to skew the protocol to suit their interests.'"

Buterin believes that the average investor is not ready to “pay $500 for a 0.0001% chance to influence the results of some votes. This is not a good deal. On the other hand, for multimillionaires and hedge funds, which may include attackers manipulating the market in their own interests, this deal promises a significant profit, says Ethereum co-founder

Alex $ERC20 Token

30 ноября 2022 16:23

The ECB announced the “last frontier” for bitcoin

Bitcoin’s price stability is seen by its proponents as a respite before rising again, but more likely it is an “artificially induced last breath” before the road to final irrelevance. This opinion was expressed by experts of the ECB.

Market Infrastructure and Payments CEO Ulrich Binzdile and institution adviser Jurgen Schaff noted that the future crash of Bitcoin was well predicted even before the collapse of FTX.

Experts stressed that the first cryptocurrency was insolvent as a means of payment.

“Transactions are cumbersome, slow and expensive. Bitcoin has never been used to any significant extent for legal transactions in the real world,” the authors of the article said.

Alex $ERC20 Token

30 ноября 2022 10:10

Bloomberg: LedgerX Commits $175M to FTX Creditors

Cryptocurrency derivatives exchange LedgerX will allocate $175 million to be used in the bankruptcy proceedings of the parent structure of the FTX Group. Bloomberg writes about this, citing sources.

LedgerX LLC was not included in the list of 130 affiliated legal entities that filed for insolvency. According to the agency, the funds will come from a $250 million fund that was intended to finance regulatory approval procedures for transactions with crypto derivatives without intermediaries.

Alex $ERC20 Token

29 ноября 2022 15:34

FT: BlockFi sues FTX founder's company over Robinhood shares

Crypto lending platform BlockFi has filed a lawsuit against Sam Bankman-Fried's company Emergent Fidelity Technologies to return shares of Robinhood promised to it as collateral. This is reported by the Financial Times with reference to loan documents.

On November 28, BlockFi filed for bankruptcy in the United States. On the same day, she filed a complaint against Emergent Fidelity Technologies, in which she demanded that the collateral held by the broker ED&F Man Capital Markets be transferred to the platform.

According to the complaint, on November 9, Emergent Fidelity Technologies entered into an agreement with the platform to guarantee the payment of an unnamed borrower. As collateral, "ordinary shares" were used.

According to the FT, we are talking about Alameda Research. Journalists also got hold of loan documents, which indicate that the subject of the dispute are Robinhood securities.