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19 марта 2023 06:27

🇺🇸 US Crypto Development Falls Behind, Says BlackRock CEO

BlackRock CEO Larry Fink has released his annual letter to investors, covering a range of topics from digital assets to broader trends in investing and market research. In the 9,000-word document, Fink discusses the most urgent and rapidly changing developments in both crypto and traditional finance. Fink highlights the challenging market environment of 2022.

Fink predicts that inflation will remain elevated and the Federal Reserve will stay focused on fighting it, resulting in continued rate hikes. He believes that the banking crisis will place greater importance on the role of capital markets as banks become more constrained in their lending. Fink anticipates that banks will turn to the capital markets for financing as their clients awaken to asset-liability mismatches. He also notes the ongoing regulatory sector issues, with opinions diverging across regions, particularly in the US and Europe. BlackRock offers over 1,300 ETFs, more than any other firm.

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17 марта 2023 05:10

💰 SHIB 10% Off Between FUD Shibarium Detected Copy Code

Shiba Inu disappointed many users when Layer-2 Shibarium was discovered to have copied the code of a project called Rinia. Even the chainID has yet to be changed. Although the development team denied it, SHIB price still decreased by nearly 10%. After days of anticipation, Shiba Inu has opened up about its layer 2 Shibarium coming out this week.

Shibarium will help increase the use of tokens in the Shiba Inu ecosystem, including SHIB, BONE, and LEASH. Specifically, BONE will become a transaction fee payment token on layer-2 and also reward validators. However, the excitement of the project community did not last long when a user shared on Discord the discovery that Shibarium’s code was copied from another project called Rinia. Even the dev team was so careless that they didn’t even change the chainID. Developers and other prominent members of the community were quick to address concerns by denying them.

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15 марта 2023 06:31

⚪️ Huobi Announced The Withdrawal Of Cash From Signature And Silvergate Banks

Huobi Global announced on Tuesday that it has removed all money from the insolvent New York-based Signature Bank and Silvergate Capital Corp, while exchange clients’ accounts were unaffected. On Tuesday, March 14, the crypto exchange Huobi Global announced that it has removed all cash from the insolvent New York-based Signature Bank and Silvergate Capital Corp.

According to Justin Sun, founder of Huobi Consultancy and Tron, the bank collapses had no impact on their businesses. Notwithstanding recent market volatility, the firm is dedicated to its long-term objective of developing a more safe, accessible, and user-friendly financial system. Huobi is well-positioned to execute on this goal and impact the future of finance by utilizing its experience in blockchain technology and digital asset management. “Huobi formerly had a bank account with Silvergate, but all assets were moved out some time ago and there is presently no financial cooperation,” a Huobi representative stated.

Source

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13 марта 2023 06:24

🔵 Circle says outstanding USDC transactions won’t process until Monday

USDC transactions through Signature Bank's Signet network won't process until Monday, according to a note sent by Circle to trading firms. Circle, which founded USDC in 2018 with Coinbase, revealed Friday that $3.3 billion of its reserves behind its flagship stablecoin were stuck with the failed Silicon Valley Bank.

The note confirms transactions on Signet—which traders used to move funds over the weekend— “will be processed on Monday when banking resumes during normal working hours.” The Signet system, designed to enable real-time payments for commercial clients, is active but is “reaching a capacity threshold which is causing the temporary delay,” according to the note sent by Circle and reviewed by The Block. The delay may explain why the premiums witnessed on exchanges like Coinbase following the flight from USDC are not being arbitraged away as their order books merge USD with USDC.

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11 марта 2023 06:12

🇺🇸 US DoJ appeals billion-dollar Binance.US acquisition of Voyager assets

The U.S. Department of Justice's Trustee Office filed an appeal against Binance.US' acquisition of bankrupt crypto lender Voyager Digital's assets roughly one day after New York bankruptcy judge Michael Wiles approved it. Though New York's bankruptcy court signed off on Binance.US' plan to purchase Voyager's distressed assets.

The DoJ's appeal follows similar opposition from other regulators — including the Securities and Exchange Commission, which filed an objection to the deal last month, citing a potential violation of federal securities laws through the unregistered operation of a securities exchange. Things have to be done," Judge Wiles said during the hearing. "We have creditors who are waiting and who in the midst of all of this uncertainty have no access to property in which they’ve invested, in some cases, their life savings, so we have to take some kind of action,” he added.

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09 марта 2023 05:15

⚡️ Block solicits feedback for bitcoin 'mining development kit'

Jack Dorsey's Block is soliciting developer feedback for what it calls a bitcoin "mining development kit," which it says could unleash further innovation in the Bitcoin mining space and increase innovation, with a goal to reduce energy consumption. The mining development kit, as so far envisioned in a blog post, would be comprised of four parts.

The intention behind the [mining development kit] is to provide developers with a suite of tools to help unlock creativity and innovation in bitcoin mining hardware," the company said in its blog post. "We anticipate the [kit] being useful development projects focused on integrating bitcoin mining into various novel use cases — such as heating solutions, off-grid mining, home mining or intermittent power applications — as well as optimization of bitcoin mining hardware for traditional commercial mining operations.

Source

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08 марта 2023 07:12

💰 FTX Bankruptcy Specialists Collected $38M In Fees In January

According to CoinDesk, according to court filings, FTX bankruptcy specialists raised a total of $38 million in January, including a team of attorneys, investment bankers, consultants, and advisors. financial matters. Bankruptcy managers hired Sullivan & Cromwell LLP as legal counsel. They also hired the law firm of Quinn Emmanuel Urquhart & Sullivan and Landis Rath.

Meanwhile, financial services firm Alvarez & Marsal and Perella Weinberg Partners were hired to sort through FTX’s accounting records and determine which assets could be sold. Sullivan & Cromwell’s fees for January were $16.8 million, while Quinn Emanuel Urquhart & Sullivan’s fees were $1.4 million and Landis Rath & Cobb’s fees were $663,995, according to court documents . The three law firms have more than 180 attorneys working on the case and more than 50 non-attorney staff (such as paralegals).In early February, Sullivan & Cromwell filed a $7.5 million bill for the first 19 days of business bankruptcy after FTX filed in November.

Source

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06 марта 2023 06:10

🟠 Binance Partners With Law Enforcement Agencies To Prevent Money Laundering

In an official statement on Binance blog, the largest cryptocurrency exchange has announced joint work with law enforcement agencies to prevent money laundering. The exchange started the campaign in Hong Kong. They worked with the local police force to craft a targeted crime prevention and warning message.

The project has received vital positive feedback from the community. With a small but impactful tweak, the exchange has achieved a marked improvement in safety without affecting the user experience. The positive action comes as Binance is under scrutiny from US law enforcement agencies who consider Binance to be a hotbed of illegal activities. The allegations claim that many of the tokens listed on the exchange are unregistered securities. Going forward, the exchange said it is looking to work with law enforcement agencies in other regions as it continues to promote its anti-fraud program.

Source

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04 марта 2023 05:27

🪙 Uniswap forms six-member crypto bridge assessment committee

Uniswap DAO has created a committee tasked with evaluating crypto bridge providers for future deployments of its decentralized exchange on blockchain networks. The committee will recommend a suitable bridge selection framework for future cross-chain deployments.

The new group dubbed Uniswap Bridge Assessment Committee has six members. These include Zellic co-founder Jazzy Bedi, Chaos Labs VP of Business Operations Ben O’Neill and co-authors of the Crosschain Risk Framework Ermyas Abebe and Peter Robinson. Sean Casey, CEO of Enzyme Finance protocol development at Avantgarde and David Hyland-Wood, adjunct associate professor at the University of Queensland School of Engineering, are the other committee members.

Source

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02 марта 2023 05:39

📣 Wintermute Researcher Exposes Shocking Link Between Jane Street Wallet And UST Depeg!

Wintermute Head of Research Igor Igamberdiev, the wallet associated with the collapse of last year’s TerraUSD (UST) stablecoin may belong to trading firm Jane Street. Igamberdiev claimed that, based on transaction analysis, there is a “good chance” the wallet is related to Jane Street.

Clearpool had announced on May 3, 2022, that Jane Street borrowed 25 million USDC from BlockTower using its permissioned lending pool, and based on this, he identified three addresses belonging to the trading firm, with one, dubbed Wallet A, being of particular interest. Wallet A borrowed $25 million two weeks later before depositing it into a Coinbase wallet. Igamberdiev noted that the wallet received 84.5 million USDC from the UST de-pegger, and that it didn’t have any other interactions other than these deposits.

Source

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28 февраля 2023 11:26

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27 февраля 2023 06:20

📣 Kim Kardashian, Floyd Mayweather Urged Court to Drop the EMAX Lawsuit

The celebrities opposed the renewed case, claiming it is much similar to the one dismissed in December. The reality TV star – Kim Kardashian, the boxing legend – Floyd Mayweather, and other celebrities filed a motion to a California federal judge, asking their renewed EMAX lawsuit to be removed.

Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone requested the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price. Investors who lost money due to their involvement with EthereumMax (EMAX) began a legal battle against the famous people last year. They maintained that the celebrities popularized the asset on social media to boost its valuation and later sold it for profit. Kardashian, who has more than 345 million followers on Instagram.

Source

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25 февраля 2023 05:14

💰 Eclipse Launches Game-Changing Layer 2 Blockchain For Polygon Network

Eclipse has revealed plans to release a new blockchain called Polygon SVM that is built for the Polygon network and is Solana-compatible. Eclipse received $15 million in a pre-seed funding round in September and is a portfolio company of Polygon Ventures. It is also a grant recipient of the Solana Foundation.

The release of the Polygon SVM testnet is expected in Q1 of this year, with the mainnet following in Q2. The blockchain is designed to use SeaLevel Virtual Machine (SVM), a computing environment that enables Rust-based Solana apps to be deployed on other blockchains like Polygon. The Polygon network’s Avail data availability protocol will serve as the base layer for its Rollup, and the blockchain will communicate with both Polygon’s main network and Ethereum through cross-chain bridges. Eclipse received $15 million in a pre-seed funding round in September.

Source

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24 февраля 2023 06:15

📣 Obol to bring distributed validators to Ethereum this year

Obol Technologies has brought its distributed validator technology to the Ethereum mainnet for the first time in an internal alpha testing phase. If successful, the project aims to make Ethereum more secure and resilient, while increasing the number of people running validators at home.

The validator comprises four nodes spread across three countries. It’s the first step in the project’s testing and audit plan, expected to culminate in an eventual public release toward the end of this year. “For like a solid two years no one gave a shit about it at all; no one cared about it at all. Everyone was skeptical. The Ethereum Foundation didn’t even want to fund it,” Obol co-founder and CEO Collin Myers said in an interview, referring to support for distributed validator technology in general.

Source

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22 февраля 2023 05:28

⚡️ Kaito AI raises $5.3 million to build ChatGPT-powered search engine for crypto

As investors flock away from crypto and into AI, one investment firm is taking a different approach. The product has been in private beta with institutional investors since December and the investment firm is saying it is "revolutionizing" the way they invest.

Kaito's cap table for this round features several industry heavyweights including Sequoia Capital, Jane Street, AlphaLab Capital and Mirana Ventures, said the company in the release. Big tech companies are already looking to make a land grab in the space. Microsoft relaunched its Bing search engine with ChatGPT technology, naming it Sydney. Since the launch of ChatGPT in late November, an AI chatbot developed by Sam Altman's OpenAI, a frenzy has formed around ChatGPT as well as AI-linked projects and crypto tokens.

Source

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18 марта 2023 07:14

📣 FDIC Denies Report Buyers Signature Bank Must Stop Cryptocurrencies Services

The FDIC has officially denied requiring Signature Bank buyers to quit trading crypto-related services. As previously updated, Reuter’s media outlet reported yesterday that the US FDIC is offering Signature Bank for sale on the condition that the buyers will have to waive all crypto-related services. The spokesman of the FDIC has denied this information.

The Signature Bank was seized by the New York Department of Financial Services last weekend and turned over to the FDIC. An NYDFS spokesman said the regulator had lost confidence in the bank’s management after a bank run last Friday and lacked reliable information. The spokesperson also said the FDIC published two joint statements, the Office of the Comptroller of the Currency, and the Federal Reserve, one of which stated that banks were ‘neither prohibited nor encouraged’ from providing services to any industry. A spokesman for the FDIC said it would have the right to take over until all of the bank’s assets.

Source

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16 марта 2023 05:53

🪙 MakerDAO voting to limit dai volatility during market emergencies

MakerDAO delegates are voting on a proposal to introduce a debt ceiling breaker for collateral assets used to mint dai — to prevent situations where the protocol's stablecoin is adversely impacted by market turbulence. The emergency vote, if passed, will enable the DAO’s governance to set the debt ceiling for any collateral type to zero.

Debt ceiling in this context refers to the maximum amount of dai tokens that can be minted in exchange for a collateral asset on the Maker protocol. By setting the debt ceiling to zero, MakerDAO will be able to handle situations where the underlying collateral asset is experiencing significant market turbulence. Such a situation happened last week when USDC lost parity with the U.S. dollar amid revelations that issuer Circle held deposits at collapsing Silicon Valley Bank. Since USDC is a major collateral backing for dai, its de-pegging caused dai to also lose its dollar parity temporarily.

Source

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14 марта 2023 05:53

🔵 Circle USDC operations will resume when U.S. banks open Monday: CEO Allaire

Circle USDC reserves are "safe and secure" and liquidity operations will resume when U.S. banks open Monday, CEO Jeremy Allaire said on Twitter. Allaire said "100% of USDC reserves are also safe and secure" and that it was transferring the $3.3 billion it had at SVB to BNY Mellon, which will handle settlements. Cryptocurrencies rallied this evening amid the news.

US government and financial regulators take crucial steps to mitigate risks extending from the fractional banking system. 100% of deposits from SVB are secure and will be available at banking open tomorrow," Allaire said. He tweeted after the New York Department of Financial Services announced it had seized Signature Bank, two days after Silicon Valley Bank was seized and the Federal Deposit Insurance Corp. took over as receiver. Federal officials said all customers at both banks would have access to their deposits. "With the closure of Signature bank announced tonight, we will not be able to process minting.

Source

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12 марта 2023 06:13

📣 Justin Sun’s Address Transfers 82 Million USDC From Aave V2 To DAI

According to Paidun’s monitoring data, a new transaction on Justin Sun address using USDC was spotted on March 11. According to Paidun’s monitoring data, Justin Sun’s address withdrew 82 million USDC from Aave V2 and converted them all into DAI before extracting 11.6 million USDC from Aave V2. As previously reported by Coincu, the USDC depeg has fallen below $0.95 USD.

Justin has lately completed multiple million-dollar transactions. Not only that, but he moved more than 100 million USDC to the Huobi exchange on the preivous day. Justin Sun stated earlier today that Huobi will bear the whole loss of leveraged positions due to HT market volatility and will invest $100 million USD to establish a liquidity fund. Sun apologizes to HT users for the volatility caused by a small number of user-leveraged clearing houses. To increase the Huobi platform’s multi-currency liquidity, the business intends to invest $100 million.

Source

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10 марта 2023 06:43

🪙 Ethereum Founder’s Fund Donates $15M To Fight Airborne Pathogens

The Balvi Filantropic Fund, directed by Ethereum founder Vitalik Buterin, has gifted the University of California San Diego $15 million in USDC, the largest cryptocurrency gift to date to fund open-source research on aerosols. This generous donation has established the Meta-Institute for Airborne Disease in a Changing Climate, or “The Airborne Institute,” at UC San Diego.

The institute plans to develop a standard for sampling and analyzing airborne microbes and pathogens, including viruses, bacteria, fungal spores, and pollutants to achieve its goals. Researchers will set up air samplers in various locations worldwide to measure the distribution of airborne pathogens around the globe. They are currently testing the samplers in Imperial Beach, California, a coastal site heavily impacted by pollution runoff and sewage flowing into the ocean. The team is studying ocean sources of airborne pathogens.

Source

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08 марта 2023 14:06

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07 марта 2023 07:55

📣 Rocket Pool Will Newly Upgrade Atlas To Compatible With Ethereum Shanghai Upgrade

According to the official blog, decentralized engagement protocol Rocket Pool has announced that it will perform the Atlas upgrade in early April, making the protocol compatible with Ethereum’s Shanghai upgrade. Rocket Pool is rolling out a beta on the Zhejiang testnet, intending to release Atlas to the Ethereum mainnet in late March or early April.

Rocket Pool has had two significant upgrades since becoming live on the mainnet, the first being Redstone, which made Rocket Pool compatible with The Merge and added some extra special features like the smoothing pool. Atlas is the second significant improvement after Redstone. Main functions after the upgrade include Solo Staker migration, Minipool queue ETH optimization, dynamic deposit pool limit, etc. Other parts include Minipool gas efficiency optimization and a reward system that automatically tracks the effective RPL rights of each node operator. Another critical function this upgrade will bring is the ability for existing validators using BLS withdrawal.

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05 марта 2023 05:24

🏦 Coinbase Acquires One River Digital Asset Management To Promote Retail Trading

One River Digital Asset Management (ORDAM) has been acquired by crypto exchange Coinbase, according to an announcement on Friday.Eric will continue to be the CEO/CIO of ORDAM (now CBAM) as well as the CEO/CIO of One River Asset Management, a separate and unaffiliated company. Eric has worked in the asset management profession for over 30 years.

One River Digital, a US Securities and Exchange Commission-registered subsidiary of One River Asset Management, will be renamed Coinbase Asset Management and will form the foundation of the exchange’s investment advisory service for institutional clients, according to a blog post published by the exchange on Friday. The deal’s details were not disclosed. One River Asset Management partnered with Coinbase at the beginning of the year to develop a platform for wealth managers to provide crypto exposure to their customers. According to the firm, it will now function as a standalone business.

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03 марта 2023 06:29

🪙 BUSD Supply Has Plummeted To $10 Billion Following The SEC Action

The market share held by BUSD has similarly decreased, going from almost 20% the previous year to 7.3% now. As investors changed their minds, the flight of capital helped push Tether’s (USDT) market share up to 52%. Binance Dollar (BUSD) is seeing a precipitous fall as its supply has decreased by sixty percent since the middle of February.

Because to the many rumors and speculations surrounding this stablecoin, investors are pulling their money out of the BUSD market and putting it into USDT. Binance USD (BUSD), the third largest stablecoin, is seeing a precipitous collapse as its supply has decreased by sixty percent since the middle of February. Stablecoins formerly had a market valuation of over $16 billion, but it has since shrunk to somewhere around $10 billion. Moreover, the Binance USD share in the market has shrunk to 7.3%, down from around 20% the previous year.

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01 марта 2023 05:56

🪙 Ethereum takes step closer to Shanghai-Capella with deployment on Sepolia testnet

Ethereum developers have successfully launched the Shanghai-Capella upgrade on the Sepolia testnet, marking another step towards its mainnet release next month.At around 4:04 a.m. UTC, Ethereum core developers triggered the upgrade at epoch 56832, which took approximately 13 minutes to finalize.

The Sepolia test network is one of three testnets on which the Shanghai-Capella upgrade, also called Shapella, is being tested. Its deployment is seen as a milestone towards the upgrade's full launch on the mainnet in March. With today's launch, developers have successfully replicated the main feature of the Shapella upgrade — which is named Ethereum Improvement Proposal (EIP) 4895 — on Sepolia. This proposal aims to enable validator staking withdrawals on the network. During Ethereum's transition to proof-of-stake consensus in September 2022, also known as The Merge.

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28 февраля 2023 06:16

📣 GEL Token Price Expected To Plunge As $12.79M Tokens Unlocked Tomorrow

Gelato’s GEL tokens are unlocking 44,172,450 GEL on Feb 28th, worth $12.79 Million and accounting for 1.05% of the total supply. GEL has various uses, including paying transaction fees, staking for governance, and accessing automated smart contract services.

According to Token Unlocks data, Gelato’s GEL tokens are set to unlock 44,172,450 GEL on February 28th. This will be worth approximately $12.79 million, accounting for 1.05% of the total supply of 420 million. The upcoming unlock of GEL tokens into circulation will likely have an impact on the market. Investors may want to monitor these developments closely and adjust their investment strategies accordingly. It remains to be seen how this influx of tokens will affect the value of GEL.

Source

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26 февраля 2023 05:30

🆘 Jump Crypto Attack “Reverse” Hacker To Recover 120,000 Stolen ETH

The 120,000 ETH stolen by the cross-chain Wormhole bridge in February of last year has been recovered. Oasis is an investment fund in Jump Crypto that took advantage of that error to “trick” the hacker’s wallet to transfer assets outside and get all the money back.

Oasis revealed that an attacker at the end of January 2023 used their vault solution and multisig wallet to store dirty funds and then engaged in liquid staking ETH after being reported by a white hat hacker to have discovered a flaw related to the design of access to multisig. On February 16, 2023, Oasis decided to take advantage of that bug to “trick” the hacker’s wallet into transferring assets out outside and got all the money back through a series of transactions made on February 21.

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24 февраля 2023 15:43

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23 февраля 2023 07:19

📉 Coinbase Surpasses Q4 Profits Projections Despite Declining Transaction Volume

Coinbase, a cryptocurrency exchange based in the United States, exceeded revenue projections for the fourth quarter of 2022 but saw a sustained fall in transaction volume. The exchange’s net revenue for the quarter came in at $605 million, exceeding the $589 million revenue that Wall Street analysts allegedly predicted.

Despite a 12% drop in transaction volumes from the prior quarter, Coinbase attributed its 34% increase in subscription and service revenues for the quarter’s 5% overall revenue growth. Staking income decreased compared to the preceding quarter as the decline in cryptocurrency prices outpaced the rise in staked balances across all crypto currencies, even though Coinbase restated its belief that its staking products are not securities. The Securities and Exchange Commission (SEC) is now looking into the exchange’s staking products.

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21 февраля 2023 05:58

🪙 HT Surges 16% Amid Huobi’s Plans to Secure Crypto License in Hong Kong

HT surpassed $6 hours after Justin Sun announced Huobi’s intention to seal regulatory approval in Hong Kong. The native token of the crypto exchange Huobi Global – HT – spiked around 16% after Justin Sun outlined the company’s intentions to obtain a trading license in Hong Kong.

Justin Sun – Tron’s Founder and a member of Huobi’s Global Advisory Board – revealed that the crypto exchange has applied for a trading license with Hong Kong’s watchdogs. He labeled the initiative as a “major step” and a demonstration that the entity is willing to cooperate with global regulators. He also believes the potential permit will help Huobi establish a “reliable” platform for Hong Kong users. the launch of a new trading venue in the special administrative region of China called Huobi Hong Kong.

Source

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