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Showing posts from October, 2023

Crypto funds see largest weekly inflows in more than a year: CoinShares

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Crypto exchange-traded products saw $326 million in inflows during the week ending Oct. 27, according to a report from CoinShares.

Terraform co-founder Shin blames protocol for collapse during trial in S. Korea

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Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and that he had nothing to do with it.

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

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Bitcoin’s reluctance to give up ground has attracted strong buying in select altcoins.

UK risks regulating NFTs the wrong way, says Mintable CEO

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“It’s not just a piece of artwork”: Mintable CEO Zach Burks argues that the United Kingdom government still hasn’t caught up on what NFTs are becoming.

VanEck amends application for spot Bitcoin ETF

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VanEck joins the group of asset managers updating applications for a spot Bitcoin ETF in the United States.

Brazil’s USDT adoption soars in 2023, makes up 80% of all crypto transactions

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USDT has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country so far in 2023.

First Bitcoin ETF trades $1.5B as GBTC 'discount' echoes $69K BTC price

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ProShares and Grayscale lead a surge of activity in Bitcoin investment products, with analysis confident of implied demand for a Bitcoin spot ETF.

Ripple’s CEO criticizes former SEC Chair Jay Clayton’s comments

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The former SEC Chair emphasized that regulatory agencies should introduce regulations and legal cases they believe will successfully withstand judicial scrutiny.

Bitcoin-friendly El Salvador can become 'Singapore of the Americas': VanEck advisor

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VanEck strategy advisor Gabor Gurbacs expects a wave of new investment capital and immigration will push El Salvador’s economic growth in the coming years.

SBF takes the stand, ‘buy Bitcoin’ searches soar and other news: Hodler’s Digest, Oct. 22-28

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Sam Bankman-Fried testifies in court, searches for ‘buy Bitcoin’ surge, and Gemini sues Genesis over collateral.

Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined

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Uniswap’s founder burned $650 billion of HayCoin, amounting to 99% of the token’s supply.

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

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LINK price pulled off a shocking double-digit rally over the past week, but exactly what is behind the move?

Latest update — Former FTX CEO Sam Bankman-Fried trial [Day 13]

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The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate.

Sam Bankman-Fried thought ‘taking FTX deposits through Alameda was legal’: Report

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The former FTX CEO took the stand for the first time in his criminal trial, but without members of the jury present.

CryptoPunk holders offered physical versions of their NFTs for 48 hours

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Online art store Avante Art is offering print copies of CryptoPunks for the next 48 hours through a partnership with CryptoPunks brand owner Yuga Labs.

Bitcoin price chases after $35K as BTC derivatives data signals fresh inflow

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Bitcoin options and futures data suggests the current BTC price movement could have longevity.

FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours

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According to Spot On Chain data, the firms sent $10 million worth of crypto to a single wallet address, which then deposited the funds to Binance and Coinbase.

Court-ordered NFTs and the importance of Web3 randomness: Nifty Newsletter

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A Singapore court permitted the use of NFTs to attach legal court orders tokenized as an NFT to issue a freeze order.

Will Sam Bankman-Fried fix his case when he takes the stand?

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The former FTX CEO will take the stand in his own defense. Will it be enough to counter the narrative introduced by former employees and expert witnesses?

BlockFi emerges from bankruptcy and opens wallet withdrawals

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BlockFi announced that it is allowing both U.S. and international users to submit withdrawal requests.

Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K

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A surge in CME BTC volumes and open interest highlight institutional investors' growing interest in Bitcoin. Will it be enough to keep the price in the current range?

dYdX publishes its open-source code in anticipation of phased mainnet launch

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The dYdX crypto exchange published the open-source code for its upcoming Cosmos-based network.

Lower-middle income countries lead in crypto adoption, but not volume: Chainalysis

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Usage is down, but the future of crypto looks bright thanks to adoption in up-and-coming economies, according to Chainalysis.

US Court issues mandate for Grayscale ruling, paving way for SEC to review spot Bitcoin ETF

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The court decision was expected by many after the SEC did not appeal an Aug. 29 ruling requiring Grayscale's Bitcoin ETF application to be reviewed.

Regulators around the globe assert more control over crypto: Law Decoded

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From Hong Kong to Europe and the United States, regulators are pushing for more oversight and control over digital assets.

FTX creditor claims heat up as bankruptcy proceedings drive forward

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The market is warming to FTX claims, with one claim going for between 52 and 53 cents on the dollar at auction on Friday.

Pro-Bitcoin Javier Milei trails as Argentina’s presidential election goes to run-off

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Anti-establishment Javier Milei was the touted favorite in Argentina’s presidential election but is trailing in second place with 90% of the vote counted.

Thai crypto investors turn to tarot cards, divine signals to predict market

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A Thai fortune teller once purpotedly predicted when the crypto market would recover last year, claiming they were told by the god of the dead.

Bitcoin price cracks $30K, possibly clearing a path for SOL, LINK, AAVE and STX

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Bitcoin’s strong rally to $30,000 may have kick started a sharp recovery in SOL, LINK, AAVE and STX.

Lightning Network faces criticism from pro-XRP lawyer John Deaton

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John Deaton’s remarks come amid concerns about alleged backdoors in the Bitcoin Lightning Network’s code.

Crypto advocates file amicus brief to address users' Fourth Amendment privacy rights

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The amicus brief was filed to support an appeal against the Internal Revenue Service in relation to a 2017 court order where Coinbase was forced to hand over data from more than 14,300 of its users to the IRS.

NY sues crypto firms, FTX’s Nishad faces 75 years in jail, and Grayscale’s new BTC filing: Hodler’s Digest, Oct. 15-21

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Nishad Singh testifies in Sam Bankman-Fried’s trial; New York sues Gemini, Genesis and Digital Currency Group; and Grayscale files for new spot Bitcoin ETF.

Bitcoin core developer steps back from Lightning Network over "hard dilemma"

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Antoine Riard believes the Bitcoin community faces a "hard dilemma" as a new class of replacement cycling attacks threatens the Lightning Network.

Greece establishes AI advisory committee to create national strategy

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The Greek prime minister created an AI advisory committee comprising some of the country’s top tech, ethics and science professionals.

How to improve your Web2 business with blockchain

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Although blockchain has become a mainstream topic in the finance and business worlds for several years now, it’s definitely not too late to join this wave of innovation.

Crypto Aid Israel raises $185K, distributes aid to 4 organizations, in 10 days

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The organization is a collective of Israeli Web3 community members and international companies striving to alleviate suffering in the south of Israel.

Binance Q3 report appraises crypto market as ‘challenging’ amid high interest rates

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The world’s largest cryptocurrency exchange painted a somber picture of the market, with occasional bright spots for individual players.

Ethereum DeFi protocol Hope Lend drained after exploit

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The protocol, which had 526 Ether in total value locked, was emptied in an attack on Oct. 18.

Bitcoin price holds $28K range as institutional investor maneuvering boosts sentiment

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Comments from institutional investors and amendments to the spot Bitcoin ETF applications could be behind the recent improvement in investor sentiment.

Europe's AML regulations come at a high cost — for your privacy and otherwise

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The European Union’s anti-money laundering laws infringe upon personal privacy, and they come with costs that are simply too high.

Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better

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Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated.

Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena

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The order was unclear as to the nature of the documents under subpoena, but stated Genesis had failed to provide the information by Oct. 9.

ZK-focused Manta Pacific opts out of OP Stack for Polygon CDK

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Manta Pacific’s ZK-application-focused network will integrate with the Polygon ecosystem through the Chain Development Kit software.

South Korean exchange Upbit gets initial license nod from Singapore

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Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.

Australian Treasury proposes to regulate crypto exchanges, not tokens

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The Australian treasury's newly-released consultation paper will require to crypto exchanges to apply for financial services licence from the local financial regulator.

Bitcoin signals potential range expansion— Will SOL, LDO, ICP and VET follow?

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Bitcoin is holding above $26,500 and the price stability could lead traders to take a second look at SOL, LDO, ICP and VET.

Latin America takes global lead in preference for centralized exchanges: Report

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Latin American crypto users show a significant preference for centralized exchanges, in contrast to the worldwide pattern.

California Gov. Newsom greenlights crypto regulation bill for 2025

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The bill will mandate crypto firms to uphold financial records and allow regulators to conduct audits on these entities.

Caroline Ellison speaks on FTX-Binance war, SEC won’t appeal Grayscale BTC ETF: Hodler’s Digest, Oct. 8-14

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Caroline Ellison testifies in Sam Bankman-Fried trial, reveals more on FTX-Binance war; SEC reportedly has no plans to appeal on Grayscale Bitcoin ETF case.

FTX estate stakes 5.5M Solana coins

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The coins staked worth $122 million and represent a small fraction of FTX's holdings of Solana.