Bitcoin channel

07 Dec 2022 18:07

Signature Bank to Reduce Crypto-Tied Deposits by as Much as $10 Billion
https://www.coindesk.com/business/2022/12/06/signature-bank-to-reduce-crypto-tied-deposits-by-as-much-as-10-billion/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Nearly a quarter of the Wall Street bank's current deposits come from crypto-related businesses.

Bitcoin channel

07 Dec 2022 16:38

Navigating The Different CoinJoin Implementations
https://bitcoinmagazine.com/technical/navigating-bitcoin-coinjoin

How does one cut through the noise and confusion to find the optimal way to utilize CoinJoins and obscure their bitcoin transactions?

Bitcoin channel

07 Dec 2022 16:29

Attacker Targets Wealthy Crypto Funds Using Telegram Chats
https://www.coindesk.com/business/2022/12/07/attacker-targets-wealthy-crypto-funds-using-telegram-chats/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Exchange owners cautioned against downloads of malicious as attackers zeroed in on gullible users with a very relevant and specific narrative.

Bitcoin channel

07 Dec 2022 16:27

Zodia Custody Introduces Service to Protect Against Crypto Exchange Insolvency
https://www.coindesk.com/business/2022/12/07/zodia-custody-introduces-service-to-protect-against-crypto-exchange-insolvency/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The crypto storage provider has rolled out a new service designed to protect clients' digital assets from insolvency of crypto exchanges.

Bitcoin channel

07 Dec 2022 12:58

DeFi Project Mercurial Plots Revamp and New Tokens Following 'Toxic' Association With FTX
https://www.coindesk.com/tech/2022/12/07/defi-project-mercurial-plots-revamp-and-new-tokens-following-toxic-association-with-ftx/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The plan will see Mercurial launch its popular products as a separate project under the name Meteora.

Bitcoin channel

07 Dec 2022 12:56

Binance Generates 90% of Revenue From Transaction Fees, Changpeng Zhao Says
https://www.coindesk.com/business/2022/12/07/binance-generates-90-of-revenue-from-transaction-fees-changpeng-zhao-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cryptocurrency exchange Binance generates 90% of its revenue from transaction fees, CEO Changpeng "CZ" Zhao said.

Bitcoin channel

07 Dec 2022 10:14

Crypto Infrastructure Firm Blockstream Seeks to Raise Funds at 70% Lower Valuation: Bloomberg
https://www.coindesk.com/business/2022/12/07/crypto-infrastructure-firm-blockstream-seeks-to-raise-funds-at-70-lower-valuation-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The under $1 billion valuation is a far cry from the $3.2 billion valuation it had received in 2021.

Bitcoin channel

07 Dec 2022 09:40

US Lawmakers Want State Department to Disclose Crypto Rewards
https://www.coindesk.com/policy/2022/12/07/us-lawmakers-want-state-department-to-disclose-crypto-rewards/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The State Department will have to report on payments it makes in crypto and their effects, according to a draft of the NDAA.

Bitcoin channel

07 Dec 2022 05:13

Early Bitcoin Pioneer Ian Freeman Goes to Trial in New Hampshire
https://www.coindesk.com/policy/2022/12/07/early-bitcoin-pioneer-ian-freeman-goes-to-trial-in-new-hampshire/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

CONCORD, New Hampshire — Federal prosecutors say early bitcoin pioneer and Libertarian activist Ian Freeman and a group of his associates helped scammers and other criminals launder more than $10 million using bitcoin through a network of bitcoin vending machines and in-person and virtual cash-for-bitcoin trades from 2016 until their arrests in 2021.

Bitcoin channel

07 Dec 2022 04:51

Bitcoin Is A Humanistic Alternative To Technological Salvation
https://bitcoinmagazine.com/culture/bitcoin-is-a-humanistic-alternative

Bitcoin will shape the future of humanity in the wake of the 2008 financial crisis and the COVID-19 pandemic.

Bitcoin channel

06 Dec 2022 23:28

Hedge Fund Fir Tree Sues Grayscale for Details on GBTC: Bloomberg
https://www.coindesk.com/business/2022/12/06/hedge-fund-fir-tree-sues-grayscale-for-details-on-gbtc-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Fir Tree wants the Grayscale Bitcoin Trust to resume redemptions and cut fees.

Bitcoin channel

06 Dec 2022 21:41

Hoops Legend Scottie Pippen Shoots a 'Web3' With Virtual Sneakers
https://www.coindesk.com/web3/2022/12/06/scottie-pippen-shoots-a-web3-with-virtual-sneakers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The six-time NBA Champion discusses why he’s jumping into Web3 and what’s behind the limited time NFT-based Metawear sneaker collection.

Bitcoin channel

06 Dec 2022 19:50

Over $30M Pours Into ApeCoin Staking in First Day
https://www.coindesk.com/web3/2022/12/06/30m-pours-into-apecoin-staking-in-first-day/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The native token of the Yuga Labs ecosystem is unavailable to stake in the United States due to regulatory concerns by its parent foundation.

Bitcoin channel

06 Dec 2022 19:49

DESK Upgrade on CoinDesk’s Website Offers Tokenized Reader Experience
https://www.coindesk.com/consensus-magazine/2022/12/06/desk-upgrade-on-coindesks-website-offers-tokenized-reader-experience/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The social token’s expansion helps CoinDesk establish a Web3-driven feedback loop with readers.

Bitcoin channel

06 Dec 2022 19:39

Adopting Bitcoin: El Salvador Has Work To Do, But The Experiment Is Worth Celebrating
https://bitcoinmagazine.com/culture/lessons-from-adoption-bitcoin-el-salvador

Visiting El Salvador for the Adopting Bitcoin conference showed that the country’s experiment needs more time, but is worth celebrating.

Bitcoin channel

07 Dec 2022 18:06

DeFi Protocol Perennial Launches with $12M Fundraise
https://www.coindesk.com/business/2022/12/07/defi-protocol-perennial-launches-with-12m-fundraise/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Polychain Capital and Variant co-led the round for the decentralized derivatives protocol.

Bitcoin channel

07 Dec 2022 16:37

Nigeria Pushes CBDC Usage With New ATM Cash Withdrawal Limits
https://bitcoinmagazine.com/legal/nigeria-pushes-cbdc-usage-atm-limits

The Nigerian government has imposed new restrictions on ATM withdrawals in an effort to increase usage of the eNaira.

Bitcoin channel

07 Dec 2022 16:28

What Does an AI Chatbot ‘Think’ About DeFi? We Asked ChatGPT
https://www.coindesk.com/tech/2022/12/07/what-does-an-ai-chatbot-think-about-defi-we-asked-chatgpt/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ChatGPT, CoinDesk’s new, robot-guest contributor, explains how AI might help (and harm) the future of DeFi.

Bitcoin channel

07 Dec 2022 16:26

Three Arrow Capital's Zhu, Davies Subpoenaed in US Bankruptcy Case
https://www.coindesk.com/policy/2022/12/07/three-arrow-capitals-zhu-davies-subpoenaed-in-us-bankruptcy-case/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The New York Bankruptcy Court wants to gain information about the collapsed crypto hedge fund’s founders and investment managers

Bitcoin channel

07 Dec 2022 12:57

Chainlink Staking Opens With Initial $51 Million Inflow
https://www.coindesk.com/markets/2022/12/07/chainlink-staking-opens-with-initial-51-million-inflow/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The company launched staking on its platform on Tuesday.

Bitcoin channel

07 Dec 2022 12:55

Rally in Crypto Game Axie's AXS Token Faces Skepticism From Derivative Traders
https://www.coindesk.com/markets/2022/12/07/rally-in-crypto-game-axies-axs-token-faces-skepticism-from-derivative-traders/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

With a favorable environment for alternative cryptocurrencies far away, a rise in open interest in AXS futures implies traders shorting the rally, one trader said.

Bitcoin channel

07 Dec 2022 10:14

DeFi Protocol Sushi Proposes 'Immediate' Action to Support Its Treasury
https://www.coindesk.com/tech/2022/12/07/defi-protocol-sushi-proposes-immediate-action-to-support-its-treasury/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Developers proposed to divert 100% of fees generated on the platform to SushiSwap’s multisig for one year or until new tokenomics are implemented.

Bitcoin channel

07 Dec 2022 05:19

Despite Strong On-Chain Metrics, Macro Headwinds Remain
https://bitcoinmagazine.com/markets/on-chain-data-shows-bottom-for-bitcoin

Bitcoin has seen major capitulation from all-time highs and on-chain indicators suggest the worst may be behind us, but significant macro challenges remain.

Bitcoin channel

07 Dec 2022 05:12

First Mover Asia: Bitcoin Holds Its $17K Perch Amid Rate Hike Concerns
https://www.coindesk.com/markets/2022/12/07/first-mover-asia-bitcoin-holds-its-17k-perch-amid-rate-hike-concerns/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: Sam Reynolds writes that Asia is ready for a scaled up, crypto-friendly bank, particularly if the U.S. oversteps in regulating the industry following the recent FTX debacle.

Bitcoin channel

07 Dec 2022 04:07

Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance
https://www.coindesk.com/markets/2022/12/07/crypto-audit-platform-sherlock-expects-4m-loss-from-troubled-loans-on-maple-finance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s loan defaults.

Bitcoin channel

06 Dec 2022 23:27

Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent
https://www.coindesk.com/markets/2022/12/06/crypto-firm-orthogonal-victim-of-ftx-contagion-now-faces-internal-dissent/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Shortly after Orthogonal got served with default notices on $36 million of crypto loans from Maple Finance, the firm’s credit team published a statement saying it was “speechless” and unaware of the extent of the trading team’s exposures.

Bitcoin channel

06 Dec 2022 21:39

FTX Contagion Spreads as Orthogonal Trading Gets Default Notice for $36M Debt on Maple Finance
https://www.coindesk.com/markets/2022/12/05/maple-finance-severs-ties-with-orthogonal-trading-alleging-it-misrepresented-financial-position/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Orthogonal Trading was due to pay back a $10 million USDC stablecoin loan on Dec. 4.

Bitcoin channel

06 Dec 2022 19:49

Economic Unreality: What SEC ICO Precedents Mean for Ripple
https://www.coindesk.com/consensus-magazine/2022/12/06/economic-unreality-what-sec-ico-precedents-mean-for-ripple/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin channel

06 Dec 2022 19:48

BTC Dominance Is Behaving Weirdly, and That’s Sort of Good
https://www.coindesk.com/consensus-magazine/2022/12/06/btc-dominance-is-behaving-weirdly-and-thats-sort-of-good/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

It's likely we are witnessing the consolidation of the crypto market’s speculative nature.

Bitcoin channel

06 Dec 2022 19:38

Paraguay Legislature Fails To Pass Bill Regulating Bitcoin Mining
https://bitcoinmagazine.com/legal/paraguay-fails-to-pass-bitcoin-mining-bill

The country did not pass a bill that would have clarified rules regarding the cost of electricity imposed on bitcoin miners.