😁 SBF Adventures animated series in South Park style
In the first episode, Sam Bankman-Fried SBF learns of the betrayal of former FTX Head of Legal Daniel Friedberg
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🌪 The next bankrupt could be Genesis
The lender warned investors that it could file for bankruptcy if it couldn't find sufficient funding.
The company has held private talks with various groups of creditors, according to Bloomberg.
The lending arm lost $175 million in the FTX crash and has warned potential investors to go bankrupt if it can't raise fresh capital.
Digital Currency Group, the parent company of Genesis, was recently accused by Gemini of making false claims about Genesis' solvency.
The SEC recently indicted Genesis and Gemini for allegedly offering unregistered securities to retail investors through Earn products.
@finsignal
📈 Polygon has successfully completed the "Polygon Delhi Fork" upgrade, #MATIC is growing by 20% in a week
The long-awaited hard fork aimed at improving the performance of Polygon took place yesterday, causing a wave of optimism among the MATIC community.
Polygon is an Ethereum layer 2 scaling protocol.
The upgrade aims to achieve two key goals: reducing gas surges during transactions and improving transaction completion by reducing chain reorganization.
@finsignal
🫡 A little motivation in the feed from the head of Binance
"When I worked at McDonald's, I made $4.5 an hour"
"That was 30 years ago in Vancouver"
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📊TOP 15 projects by token volumes to be unlocked in 2023
Data Token Unlocks
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#LastNews
🔹️Charles Hoskinson Cardano was recognized as the ideal CEO in the crypto market
🔹️Federal Reserve Launches Goldman Sachs Investigation
🔹️The US government seized $700 million in assets and cash belonging to Sam Bankman-Fried SBF
🔹️SEC Accuses Abraham Eisenberg of Manipulating Mango Markets Governance Token to Steal $116M in Crypto Assets
🔹️China Enabled CBDC Digital Yuan Smart Contract Function Through Meituan E-Commerce App - One of China's Largest Food Delivery and Lifestyle Apps
🔹️Stellar Foundation will become a member of the new advisory committee of the US CFTC - In addition to representatives of Stellar, representatives of the CDC, Uniswap Labs UNI and CoinFund will also be on the side of the new digital economy, however, the direction of the blockchain will be controlled exclusively by Stellar
@finsignal
⚡️The New York Times writes that the creator of FTX used his influence in the crypto industry to pump some tokens through his exchange and Alameda Research.
Sam approached project developers, insisting that their tokens be listed on FTX. In return, he promised that Alameda Research would buy their tokens and pump them.
For developers, Sam's offer was tempting because their project was gaining popularity. Among the "samcoins" are Serum, Maps, Oxygen, Bonfida and Solana.
@finsignal
#LastNews
🔹️Regulator of South Korea will allow the issuance of security tokens STO
🔹️The National Bank of Australia has created an Australian dollar stablecoin called AUDN
🔹️KKR, Amazon, Deloitte and Shopify have chosen Avalanche as their preferred blockchain solution
🔹️zkSync intends to integrate Espresso Systems' new privacy technology to enable private transactions
🔹️Jan 26 Binance Delisting BEAM — Also, Binance Margin Delisting NEXO, POLS, QUICK from Cross Margin and ALCX, NEXO, POLS, TOMO from Isolated Margin on 02/02/23 at 09:00 AM PT
🔹️Ripple CEO Bradley Garlinghouse said the SEC litigation could be resolved in the first half of 2023. Some year ago I heard it
🔹️Binance Named One of Bitzlato’s Key Counterparties — According to the document, Binance was named the largest recipient of BTC from the exchange between May 2018 and September 2022, and as a result “provided significant assistance to international law enforcement agencies in support of this investigation”
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🇩🇲Regulation of Cryptocurrency in Dominica
🔹Not all countries in North America are characterized by progressive approaches to digital assets: the status of the crypt in the Commonwealth of Dominica is not defined.
🔹In 2015, a large-scale bitcoin drop - BitDrop - was supposed to take place on the territory of the state. It was planned that as part of this initiative, 74 thousand citizens of Dominica would become owners of the coveted BTC. However, something went wrong, they say, the organizers did not receive the support of the authorities.
Who and what regulates digital money
The Eastern Caribbean Central Bank is the main supervisory authority that determines the legal status of all financial instruments in the state, regulates and oversees operations.
▫️The crypt is not recognized as a means of payment, but its circulation is not prohibited.
Taxation
🔺There is no special tax regime for cryptocurrencies in Dominica. However, if you apply for official status, you as an individual can be charged personal income tax up to 35%.
🔺 For legal entities, this tax is up to 25%.
Activity Licensing
In Dominica, you do not need to register a crypto firm, everything is at your own peril and risk.
In the next publications of this column, we will tell you more about the regulation of cryptocurrencies in other countries of Asia and North America. And we collect all posts on the topic here. There we have already surveyed Europe, Australia and Oceania.
@finsignal
📣 US House of Representatives Forms New Cryptocurrency Subcommittee
The U.S. House of Representatives has created a new subcommittee on digital assets, one of the first moves under the control of the Republican Party, Rep. Patrick McHenry said Thursday.
The Subcommittee on Digital Assets, Fintech, and Inclusion will be the first U.S. dedicated to digital assets and will serve under the House Financial Services Committee.
The new subcommittee will develop rules for federal regulators on the topic of digital currencies, develop policies to advance digital fintech, and promote diversity and inclusion in the industry.
@finsignal
💵 SkyBridge Capital founder invests in crypto firm of former FTX US President Brett Harrison
Harrison's cryptocurrency software company is supposed to allow crypto traders to create algorithmic strategies to access different markets.
Bloomberg reported that the SkyBridge Founder will be investing his personal funds to support the new venture of former FTX US President Brett Harrison, which became known only three weeks after the collapse of the FTX crypto exchange.
@finsignal
🔥 Hash Ribbons gave a buy signal on the weekly timeframe for the first time since August 2021
This indicator has crazy statistics 🚀
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📉 Crypto com exchange lays off 20% of employees
The platform continued to cut back due to the long crypto winter and the collapse of major competitors, CEO Chris Marszalek said.
The businessman is still confident in the exchange and in the future of cryptocurrencies, but does not know how long it will take to sort out all the existing problems.
@finsignal
📣 World's first Cardano-powered electric vehicle project debuts in Sri Lanka
ETukTuk is the first ever automotive project built on Cardano.
The project aims to address infrastructure and cost issues that have previously prevented electric vehicles from being launched at scale.
The team will work with influential industry partners and local government.
@finsignal
🫣 Binance is one of the key counterparties of Bitzlato — Bloomberg
Russian founder of Bitzlato Anatoly Legkodymov was arrested on Tuesday in Miami on charges of concealing more than $700 million in illegal gambling and drug dealing proceeds.
According to Binance, “The crypto exchange has provided significant assistance to international law enforcement in support of the investigation.”
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💸 30% of the US Congress received money from the head of FTX - Incrypted
That's 196, including new Speaker of the House Kevin McCarthy and Senate Majority Leader Chuck Schumer.
Most of them have already donated funds to charity. Also, some of them are now negotiating with the Ministry of Justice on how to deal with the funds.
The plan is to either donate the money to charity or to compensate the victims of the FTX collapse.
@finsignal
🚀 While Bitcoin historically repeats its path regarding the halving tracker
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⚡️ In 1923, the artist Harold Webster (H.T Webster) portrayed the artist-animator of the future. He envisioned that in 2023 it would be possible to use machines to create art, giving artists a seemingly unlimited amount of free time. Who would have thought that 2023 would be the year of AI.
@finsignal
⚡️ Vitalik Buterin transferred 9300 ETH (~$11.16 million) to the same whale address in the last 20 days
@finsignal
🔥 A large transfer of capital from stablecoins to #BTC is fixed
“Like the decline of the 2018 bear market and the rounded top of 2021”
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Analyst: The capitulation of bitcoin miners is officially over
Selling pressure from miners should dissipate in the crypto market
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Binance exchange received a full license for a Virtual Asset Service Provider (VASP) in 🇵🇱Poland.
As part of this initiative, users from 🇵🇱Poland will be required to sign new Exchange Terms of Service in order to continue using Binance services.
@finsignal
⚡️ All #Alameda, #FTX and #SBF assets available to liquidators
The total amount exceeds $1.271 billion and more than $500 million of them are in the #FTT token
‼️ Solana (~$685 million) - is in the most vulnerable position - if SOL is sold, this will certainly affect the price
@finsignal
🔥 Binance burned 1.3% of BNB worth $618 million
The destruction of 2,064,484 coins occurred as part of the 22nd quarterly coin burning.
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#LastNews
🔹️Shiba Inu getting ready to launch the Shibarium beta
🔹️Ripple partner Airwallex partners with American Express
🔹️Japan urges US and EU for stricter crypto regulation
🔹️National Geographic will release its first NFT collection on the Polygon blockchain
🔹️Binance completed the 22nd quarterly BNB burn - this time they burned 2.06 million coins or 1.3% of the total supply
🔹️Nexo sues Cayman Islands regulator over rejection of VA license application
🔹️An Irkutsk miner has to pay 28.6 million rubles due to the abuse of a feed-in electricity tariff - from February to December 2021, a person was mining crypto at a preferential rate, although he had to switch to a commercial one, since ASICs consumed up to 500,000 kWh per month.
@finsignal
One of the largest US universities began to teach students how to use blockchain
The first in the US will be Texas A&M, where they launch the Bitcoin Protocol course. It will comprehensively talk about the blockchain phenomenon. More than 74 thousand students will be able to attend the course. After completing the 3-month program, it will be possible to continue thematic training and enroll in a course on blockchain programming.
The professor in charge of the initiative shared that it was very difficult to get the approval of the relevant committee. It took several months of intense lobbying and preparation of the methodology to reach agreement.
The number of additional blockchain courses continues to skyrocket.
Universities with such programs include Harvard, Massachusetts, Oxford, Singapore and California Universities.
Initiatives are also coming from crypto companies, such as Binance recently launched a free crypto literacy course in Nigeria.
@finsignal
#LastNews
🔹️Alameda Research liquidated $1 million
🔹️Texas A&M College to launch Bitcoin course
🔹️In the fourth quarter of 2022, Huobi burned 653,000 HT
🔹️Nexo's investigation is not political - Bulgarian prosecutor's office spokeswoman Siika Mileva denies political motives behind the investigation against Nexo
🔹️The former CEO of FTX US shared his impressions of working with Sam Bankman-Freed - Brett Harrison said that the former billionaire repeatedly showed signs of emotional instability, was unable to adequately perceive criticism - and often removed Harrison himself from participating in key decisions for the company
@finsignal
The Miss Universe contestant took to the stage wearing a Bitcoin-inspired costume.
Fashion has always reflected the general mood and global trends of the time. So now, El Salvador's Miss Universe contestant (actress and model Alejandra Guajardo) appeared on stage in a Bitcoin-inspired costume.
Recall that in 2021, El Salvador became the first country in the world to use bitcoin as legal tender, and this event was dedicated to the exit, which will now probably go down in history.
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