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10 февраля 2023 09:48

🏦 Coinbase's Armstrong says staking restrictions would be 'terrible path for the U.S.'

Coinbase CEO Brian Armstrong used a Twitter thread to warn about what he said would be a "terrible path" for the U.S. if it were to restrict crypto staking in the country. "We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers," he wrote in a thread on Twitter.

Securities and Exchange Commission Chair Gary Gensler raised eyebrows last year after Ethereum's proof-of-stake transition when he hinted that the commission could classify tokens in proof-of-stake networks as securities. Armstrong said Wednesday that it was important that companies are encouraged to grow in the U.S. and not be stifled by a lack of clear rules."Regulation by enforcement doesn’t work. It encourages companies to operate offshore, which is what happened with FTX."

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08 февраля 2023 05:51

📣 The Korean Government Dispatched Agents To Serbia To Find Do Kwon

South Korean authorities have deployed investigators to Serbia, where Terraform Labs CEO Do Kwon is alleged to be currently residing. Do Kwon continued to post remarks on Twitter questioning the authorities, claiming that he did not flee but did not want to surrender.

According to reports on February 7, South Korean dispatched a mission to Serbia last week to find Do Kwon, the CEO of Terraform Labs, the firm behind two cryptocurrencies that failed in 2022, Terra. LUNA) and stablecoin UST. The delegation includes prosecutors from Seoul, where the Do Kwon investigation is being conducted, as well as members from the South Korean Ministry of Justice. Do Kwon’s passport was later revoked, and Seoul officials requested that the International Criminal Police Organization (Interpol).

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06 февраля 2023 04:33

🪙 StarkWare to Open Source Its Ethereum Scaling Solution

StarkWare revealed plans to open source its Ethereum scaling technology stack.StarkWare announced today that it plans to open-source its STARK Prover – the engine that’s designed to generate cryptographic proofs that compress hundreds of thousands of transactions for submission to Ethereum in fewer kilobytes than a smartphone photograph.

According to the press release shared with CryptoPotato, the plan will take time to implement, but when it’s complete, the Starknet technology stack will be open source. This is also the technology that powers Starknet and StarkEx – solutions that have reportedly scaled more transactions on Ethereum than all other L2 scaling solutions combined. StarkWare – a company focused on Ethereum scaling – will open-source its Zero-Knowledge (ZK) software. This is a landmark moment for scaling Ethereum, and in a wider sense for cryptography.

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04 февраля 2023 05:17

📣 Core Science Bitcoin Miner Pays $38.6 Million Debt To NYDIG Creditors

Core Science delivered approximately 27,403 miners to creditor NYDIG to fulfill its $38.6 million debt. The operation is part of a plan to sell some mining equipment to recover funds from creditors. those devices are no longer needed for their current and future business.

Bitcoin mining company Core Science has agreed with lender NYDIG to repay its $38.6 million outstanding debt by handing over approximately 27,403 mining machines as collateral. “The principal amount of the NYDIG’s debt exceeds the value of the primary collateral. Core Science is also “looking at the opportunity to sell some of its mining facilities,” which would limit the device’s footprint. Core Science representatives told a bankruptcy court meeting on Wednesday that its cash flow has improved “significantly”.

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02 февраля 2023 06:38

📣 Toyota Will Use The DAO Hackathon To Examine Possible Uses For Blockchain

The first Web3 hackathon was announced by the multi-chain smart contract and decentralized application (dApp) network Astar on February 1. But the significant news was that Toyota Motor Corporation is funding it. Sota Watanabe, the creator of the Astar Network, offered the following insight on the importance of Toyota’s participation in the project.

The international automaker is hosting its first Web3 event as it looks to cutting-edge technology to “help its ambition of strengthening the company’s operations,” according to the release. The Astar Foundation has committed $100,000 in support for the occasion, which will go toward prizes for Toyota-selected winning projects. Toyota has previously experimented with cryptocurrencies and blockchain technology. Toyota’s IT division collaborated with the Japanese cryptocurrency exchange DeCurret to create a branded digital token in 2020.

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31 января 2023 07:13

🏦 Gemini’s Crypto Exchange Is Being Investigated By New York Regulator For FDIC Claims

According to Monday Axios story, the New York Department of Financial Services (NYDFS) is looking into the statements made by the cryptocurrency exchange Gemini regarding the security of its users’ money. Gemini stopped accepting withdrawals from its Earn product due to the effects of the demise.

According to reports, Gemini regularly asserted last year that the Federal Deposit Insurance Corporation’s backing ensured the safety of the assets of consumers utilizing its Earn program (FDIC). Financial companies are not allowed to indicate that a product is FDIC-insured when it is not. The platform is thought to have about $900 million frozen as a result. The stoppage was attributed by Gemini to a similar freeze at the now-defunct cryptocurrency lender Genesis, a division of the blockchain giant Digital Currency Group.

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29 января 2023 06:32

🏦 Coinbase stock surged 90% in January

The value of Coinbase’s stock (COIN) rose nearly 90% over the past month. As of Jan. 27, 2023, COIN’s market value was $61.47. That represents an 88.27% price increase from Dec. 27, 2022, when the asset was valued at $32.65. As such, it represents an approximate three-month high.

Coinbase’s recent performance is likely due to its strong and lasting reputation within the crypto industry. The company has been in operation since 2012 and regularly publishes reports.on its finances. As such, Coinbase has managed to maintain a certain amount of trust, even amidst the collapse of FTX and various other companies. Coinbase also settled with the NYDFS this month for $100 million, half of which the company will spend on compliance improvements. Though the case against Coinbase is not good news in and of itself.

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27 января 2023 06:35

🇦🇪 Deribit seeking Dubai license to maintain crypto options dominance

Crypto exchange Deribit is setting up shop in Dubai as it works to execute on a new strategy aimed at maintaining its dominance in the crypto options market, the exchange confirmed to The Block. The Dubai office will house staff including management, compliance and support roles.

The move to secure a license in Dubai is part of a broader push by the firm to instill greater confidence in its exchange in the wake of the meltdown of defunct derivatives exchange FTX. The firm also plans to secure a top four auditing firm and release proof of reserves snapshots on a daily basis. "Clients want checkboxes, check for audit, check for custody, check for license," Strijers said. Deribit's marketshare in bitcoin options stands above 90%, according to The Block's data dashboard.

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25 января 2023 06:09

🏦 Kraken hires Blockchain.com's former chief compliance officer

Crypto exchange giant Kraken has hired C.J. Rinaldi as its chief compliance officer. Jesse Powell, Kraken's CEO of over 11 years, stepped down on Sept. 21, 2022, and the firm's COO David Ripley assumed the CEO role. Kraken laid off 30% of its workforce on Nov. 30, 2022.

Kraken saw $13.8 billion in monthly crypto exchange volume in December, comprising 2.95% of all crypto exchange volume for the month, according to The Block's Data Dashboard. Rinaldi helped mitigate Blockchain.com's risk and expand its global compliance framework. Before Blockchain.com, Rinaldi worked at Deutsche Bank as chief compliance officer, and prior to that as senior counsel in the Enforcement Division of the U.S. Securities and Exchange Commission.

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23 января 2023 05:45

🇦🇪 UAE Promises Enhances Role Of The Crypto Industry In 2023

According to Thani Al-Zeyoudi, the UAE’s minister of state for international trade, cryptocurrencies will go on to play a “major role” in the worldwide trade of the United Arab Emirates. cryptocurrency market would have a significant impact on future UAE commerce while speaking about it.

Al-Zeyoudi presented a number of updates on the UAE’s trade ties and policies going into 2023 in an interview with Bloomberg on January 20 in Davos, Switzerland, where world leaders are presently assembled for the 2023 World Economic Forum. As he said that the essential thing is to maintain global governance when it comes to cryptocurrencies and crypto enterprises, the minister said in reference to the cryptocurrency industry that crypto will play a big role in UAE commerce moving the future.

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21 января 2023 06:13

💸 Castle Island, a16z founders back Escape Velocity's $25 million fund

Mahesh Ramakrishnan and Salvador Gala, two 27-year-old Goldman Sachs alumni, have raised $25 million for their crypto-focused venture firm's first fund. the Boston-based firm started fundraising in June last year, when many crypto VCs were licking their wounds.

The pair already have $25 million in hard commitments but the total raised could go up to a $30 million cap before the fund officially closes in the coming weeks, Ramakrishnan said in an interview. Backing comes from founders from several top tier venture institutions such as Andreessen Horowitz (a16z), Castle Island Ventures, Multicoin, Ribbit Capital and Framework Ventures — as well as senior partners from Apollo Global Management, where Ramakrishnan previously worked.

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20 января 2023 06:16

🆘 SEC Charged 30 Crypto-related Enforcement Actions In 2022

According to a report from Cornerstone Research, the Securities and Exchange Commission continues to prioritize crypto-related enforcement under Chair Gary Gensler, bringing 30 enforcement actions against participants in the digital asset market in 2022.

According to the report, the SEC filed 24 lawsuits in federal courts in the United States and six administrative cases in 2022. Particularly, the number of lawsuits rose from 14 the year before. Initial coin offerings (ICOs) were the subject of 14 of the 30 enforcement actions in 2022, and fraud allegations were included in more than half of these ICO-related enforcement proceedings. Additionally, the SEC filed groundbreaking charges in 2022 relating to insider trading and market manipulation in the cryptocurrency area.

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19 января 2023 06:14

🪙 Circle CEO: Digital Assets Need New Regulatory Definitions

According to Reuters, Jeremy Allaire, CEO of USDC stable currency issuer Circle, said in an interview on the sidelines of the World Economic Forum annual meeting in Davos that major markets such as the United States need new regulatory definitions.

Blockchain technology itself should be considered akin to an operating system, while individual use cases should be regulated individually, Allaire said; the new definition will help make it clearer which regulators are involved in which activities. Additionally, Allaire said that the European Union is leading the way in developing regulations for digital assets, and with the region’s Marketplace in Cryptoassets (MiCA) rules in place.

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17 января 2023 06:12

📣 Bithumb ordered to pay damages for outage during bitcoin's 2017 rally: Yonhap

Crypto exchange Bithumb has been ordered to pay $200,000 in damages to more than a hundred investors over an exchange outage during bitcoin's rally in 2017. Bithumb has been ordered to pay each of the 132 investors damages from 8,000 won ($6.47) to 8 million won ($6,470).

The exchange went down for 11.5 hours on Nov. 12 2017, when bitcoin's price fell by $700 to $6,300 on the road to its epic rally to $20,000. The exchange went down because it couldn't handle the number of trades being made, which had doubled in size. The ruling initially went against the investors but it was later overturned on appeal. "The burden or the cost of technological failures should be shouldered by the service operator, not services users who pay commission for the service,".

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15 января 2023 12:21

📣 Authorities In Europe Dismantle A Fraud Crypto Network In 4 Countries

Across Serbia, Germany, Cyprus, and Bulgaria, law enforcement authorities in Europe have taken down a network of cryptocurrency fraud. A call center scam allegedly utilized in the cross-border operation stole millions of euros from foreign victims.

Prior to their arrest, the fraudsters are said to have defrauded victims to the tune of tens of millions of euros by using call centers based in Serbia to defraud international victims. Cyprus is also said to have served as the fraudsters’ base of operations for the alleged money laundering operations. Beginning in 2021, the investigation that resulted in the fraudsters’ capture involved both Europol and the European Union Agency for Criminal Justice Cooperation.

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09 февраля 2023 06:44

🪙 BGD Labs Announcing Integration Of Chainlink Proof Of Reserve Onto Avalanche

In order to increase lending market transparency and on-chain verification, Chainlink’s Proof of Reserve feature is now accessible on the Aave lending platform running on the Avalanche blockchain. Aave has enabled over $2 trillion in transaction volumes in 2022 alone because of Chainlink oracles.

The integration will enable transparency for tracking the financial health of liquidity pools on the Avalanche-based Aave platform that contains wrapped tokens like AAVE.e, DAI.e, LINK.e, WBTC.e, and WETH.e were driven by BGD Labs, a development company specializing in the Aave ecosystem. For many Ethereum-based coins that can later be utilized on Aave, Avalanche relies on bridging. The bridging procedure involves wrapping, which is the locking up of a certain number of tokens and issuing an equivalent number of tokens on Avalanche.

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07 февраля 2023 05:50

🪙 BNB Chain looking to grow, remain competitive in 2023: Messari

BNB Chain is aiming to be competitive in 2023, following a tumultuous year for crypto markets, Messari said. The blockchain network will focus on growth strategies and new tech developments, including scaling solutions and boosting throughput, along with implementing Ethereum Virtual Machine.

The team plans to expand the network with L2-like solutions, such as ZK-rollups and sidechains, and to increase decentralization by open-sourcing the validator set,” the report said. “Despite several challenges along the way, BNB Chain successfully executed its 2022 roadmap ... After a dramatic year with many challenges, BNB Chain looks to remain competitive heading into 2023. Daily active addresses on the blockchain network rose in 2022, while average daily transactions remained steady at approximately 3.4 million per day.

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05 февраля 2023 05:55

📣 Ethereum Restaking EigenLayer Is Now Raising $50 Million In Series A Funding

EigenLayer, an Ethereum restaking protocol that has yet to deploy, is raising $50 million in a Series A fundraising round, according to The Block and two persons familiar with the situation. When the Series A round is finished, EigenLayer’s total funding will be roughly $65 million.

According to the sources, the round will provide EigenLayer with a $250 million post-money equity valuation and a $500 million token valuation or fully diluted valuation (FDV). The total value of a project assuming all of its tokens are in circulation is referred to as FDV. EigenLayer was developed in 2021 by Sreeram Kannan, an assistant professor at the University of Washington in Seattle who directs the information theory lab, which focuses on information theory and its applications in communication networks, machine learning, and blockchain systems.

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03 февраля 2023 06:11

🦊 MetaMask rolls out updates to privacy settings for new and existing users

Ethereum wallet provider MetaMask introduced new security and privacy functions for new and existing users, while making it easier for them to change their RPC providers. MetaMask has introduced a range of features that the project says will give users more control over their data.

To do so, MetaMask said new users can go to “set advanced privacy settings” to change their RPC provider. Existing users can find this option under “settings,” the announcement added. This update comes after ConsenSys came under some scrutiny for collecting MetaMask user data via Infura. ConsenSys is an Ethereum software company that owns both MetaMask and Infura. This admission threw up privacy concerns from crypto participants.

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01 февраля 2023 07:16

📣 Co-signers of Bankman-Fried’s $250 million bond a step closer to becoming public

The names of two people who co-signed for disgraced FTX founder Sam Bankman-Fried’s bond are one step closer to becoming public after a federal judge granted a motion to unseal their names. The identities could be made public next month.

Bankman-Fried has pleaded not guilty to a litany of criminal charges, including fraud, and is awaiting an October trial. His parents, Joseph Bankman and Barbara Fried, co-signed his $250 million bond in December. A pair of additional signers, whose names have so far been redacted, also signed lesser bonds for $500,000 and $200,000. News organizations argued that the public has a right to the information, while Bankman-Fried’s lawyer has said the signers might face threats and harassment if their identities are revealed.

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30 января 2023 07:24

📣 Core Scientific Filed An Emergency Motion To Fire-Sell $6.6 Million In Bitmain Coupons

Core Scientific submitted a proposal on January 28 to sell $6.6 million worth of Bitmain coupons to settle its obligations. With Bitmain and two other potential bidders who could be interested in the sale, the now-bankrupt US-based Bitcoin miner has been in communication.

According to the complaint, certain restrictions placed on the vouchers render them unusable for Core Scientific’s operations. In particular, the coupons cannot be redeemed for cash and can only be used to pay 30% of any new order of S19 Miners from Bitmain. Additionally, the Bitmain coupons are scheduled to expire in March or April 2023, when the business expects to have exited from its Chapter 11 restructuring. Additionally, Core Scientific stated that it would not purchase any more S19 Miners either during or after Chapter 11.

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28 января 2023 05:28

🇰🇷 Bithumb’s Owner Was Requested By Prosecutors In South Korea For An Arrest Warrant

Kang and two Bithumb executives were convicted under the Act on the Aggravated Punishment of Specific Economic Crimes by the Financial Investigation 2nd Division of the Seoul Southern District Prosecutor’s Office on allegations of embezzlement and breach of trust.

Investigators are looking into charges of misappropriation by Bithumb’s leaders at one of the country’s top cryptocurrency exchanges. South Korean authorities sought an arrest warrant for Kang Jong-Hyun, the chairman and owner of this bitcoin exchange, on January 25, according to local news site Infomax. Kang is wanted on suspicion of embezzlement in connection with his operations at the exchange. Concurrently, Kang is being investigated for allegedly manipulating the stock prices of this exchange affiliates Inbiogen and Bucket Studio through the issuing of convertible bonds.

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26 января 2023 06:56

🆘 Digital Currency Group's Luno cuts 35% of staff

Luno, the crypto exchange owned by Digital Currency Group, reduced its workforce by 35%. The London-based firm told employees about the layoffs earlier today. Luno had a total headcount of 960, meaning over 330 jobs will be lost as a result of the cuts, CNBC reported earlier.

DCG has come under increasing pressure over the past year as the crypto downturn intensified amid a turbulent macroeconomic backdrop. The collapse of crypto hedge fund 3AC in June and the failure of FTX in November exacerbated the firm's underperformance. The company said that customers and operations would not be impacted. DCG and Luno did not immediately respond to a request for comment when contacted by The Block.

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24 января 2023 06:52

🪙 Developers finalize first 'shadow fork' for Ethereum's Shanghai upgrade

Developers successfully launched a "shadow fork" of the Shanghai upgrade to test it on a version of the main Ethereum network. A shadow fork is a test version of the actual mainnet, allowing developers to see if a piece of code from the proposed upgrade.

Shanghai, withdrawals will be launched on the mainnet in March, enabling users to access their staked coins that were made temporarily inaccessible during the transition known as "The Merge" in September. While the main feature will be withdrawals, developers have finalized three other improvements aimed at optimizing gas costs for certain activities. Developers are considering a public test network before the end of February, which would onboard staking firms to test the Shanghai upgrade.

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22 января 2023 05:18

🆘 Genesis Has Stated Their Intention To Emerge From Bankruptcy By May 19

Genesis Global, a lender specializing in encryption, anticipates being able to conclude its bankruptcy processes within the next four months.The company has claimed that it is examining a number of options in order to serve Genesis customers.

According to documents submitted to the United States Bankruptcy Court for the Southern District of New York, cryptocurrency lender Genesis Global Capital is making preparations to emerge from bankruptcy on or around May 19. Gemini users are impacted in some way by the solutions that were developed in Chapter 11. The firm has stated that it is considering a variety of alternatives in order to provide customers of Genesis and users of Gemini Earn with the most favorable conclusion possible.

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20 января 2023 08:24

DCG subsidiary Genesis Global has filed for bankruptcy in the Southern District of New York.

This is pushing Bitcoin back below 21k

ETH|BTC|News

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19 января 2023 08:18

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18 января 2023 06:17

🟠 Binance.US’s Voyager Acquisition Agreement Final Hearing Will Take Place On March 2

The final hearing for Binance.US’ acquisition of Voyager’s assets will be held on March 2, and the calculation date for the price of user recovery funds has not yet been determined. The UCC sought greater protection in light of the unexpected collapse of FTX.

In response to the process of Binance.US acquiring Voyager assets, the Voyager Unsecured Creditors Committee (UCC) stated on Twitter that after the bidding is completed, stakeholders in the transaction have 28 days to raise objections, and the objection deadline is on February 22, a hearing to finalize the deal is scheduled for March 2, which provides a week to respond to any objections before the hearing. the risks of theft and fraud in the cryptocurrency industry.

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16 января 2023 06:38

🇮🇳 RBI Governor Says Cryptocurrency Is Gambling With No Economic Value

Shaktikanta Das, the governor of the Reserve Bank of India (RBI), spoke at the Business Today Banking and Economy Summit and reaffirmed his position calling for the outlawing of cryptocurrencies on the grounds that they are speculative and similar to gambling.

The governor of the RBI restated the position of the central bank on cryptocurrencies, saying they should be outlawed. According to Das, the RBI’s position on cryptocurrencies is unchanged, noting that they should be viewed like gambling activities rather than as financial products, India Today reported on January 13. Das claimed that the lack of underlying value in cryptocurrencies is what poses the greatest threat to the financial sector.

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14 января 2023 05:32

🏦 Cathie Wood's Ark Invest adds another $2.5 million in Coinbase shares

Cathie Wood's Ark Invest loaded up on more Coinbase shares Thursday, continuing this week's spending spree as the stock rallies. Ark added 52,813 Coinbase shares to its Ark Innovation ETG, according to its latest trade filing. Shares in the crypto exchange closed up 8.6% to $47.44 Thursday.

On Tuesday, Coinbase revealed plans to cut 950 staff or about 20% of its total headcount. Following an initial dip in pre-market, shares popped shortly after the open and were up more than 7% by midday. Analysts at Needham called the cuts "necessary" and maintained a buy rating on Coinbase. as the fund added Coinbase shares throughout the month. Wood's fund has long been an admirer of the crypto exchange.

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