Bitcoin channel

13 Dec 2022 02:43

FTX Founder Sam Bankman-Fried Arrested In The Bahamas
https://bitcoinmagazine.com/legal/ftx-founder-sam-bankman-fried-arrested

Bahamian authorities have arrested Sam Bankman-Fried, the founder and ex-CEO of cryptocurrency exchange FTX, after the U.S. filed criminal charges.

Bitcoin channel

13 Dec 2022 02:12

Crypto Markets Today: Binance a Target of Federal Probe
https://www.coindesk.com/markets/2022/12/12/crypto-markets-today-binance-a-target-of-federal-probe/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Industry woes widened on Monday with a Reuters report that U.S. prosecutors are considering criminal charges against Binance and individual senior executives, including CEO Changpeng Zhao. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

Bitcoin channel

12 Dec 2022 23:53

Chainlink Whale ‘Oldwhite’ Used More Than 150 Wallets to Avoid Staking Limits
https://www.coindesk.com/business/2022/12/12/chainlink-whale-oldwhite-used-more-than-150-wallets-to-avoid-staking-limits/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The crypto wallet labeled “Oldwhite” on OpenSea is connected to over 1 million staked LINK tokens, blockchain data shows, even though Chainlink officials tried to get "greater inclusion" from a broad base of participants by limiting each wallet to 7,000 LINK tokens.

Bitcoin channel

12 Dec 2022 19:58

Crypto 2023: It's Sanctions Season
https://www.coindesk.com/consensus-magazine/2022/12/12/crypto-sanctions-regulation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

With state governments increasing financial sanctions in 2022, crypto services might become as cautious about "risky" users as banks have been traditionally, says Anna Baydakova.

Bitcoin channel

12 Dec 2022 16:49

What the IMF Can Teach Binance About Crypto Bailouts
https://www.coindesk.com/consensus-magazine/2022/12/12/imf-crypto-bailouts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

In the aftermath of the FTX fiasco, the world’s largest crypto exchange is rushing to backstop failing firms and protocols. Should it?

Bitcoin channel

12 Dec 2022 16:48

How Crypto Can Repair Its Reputation in Washington
https://www.coindesk.com/consensus-magazine/2022/12/12/crypto-regulation-washington/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Trust in the industry is at an all-time low, but key stakeholders can still rebuild relationships with regulators and politicians by focusing on what makes crypto unique: trustlessness.

Bitcoin channel

12 Dec 2022 16:47

First Mover Americas: Cathie Wood’s Ark Buys More COIN; Do Kwon is in Serbia
https://www.coindesk.com/markets/2022/12/12/first-mover-americas-cathie-woods-ark-buys-more-coin-do-kwon-is-in-serbia/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 12, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin channel

12 Dec 2022 15:01

US Prosecutors Look to Charge Binance and CZ on Possible Money Laundering Violations: Reuters
https://www.coindesk.com/business/2022/12/12/us-prosecutors-look-to-charge-binance-and-cz-for-possible-money-laundering-violations-reuters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Department of Justice has also discussed possible plea deal with Binance's lawyers, the report added.

Bitcoin channel

12 Dec 2022 14:39

Bitcoin’s Lightning Network Is Enabling Instant Fiat Transfers Between Europe and Africa
https://bitcoinmagazine.com/business/bitcoin-enables-instant-fiat-transfers-to-africa

People in Nigeria, Kenya and Ghana can now receive instant, low-cost remittances in local currency from the EU and the UK through Bitcoin’s Lightning.

Bitcoin channel

12 Dec 2022 12:39

Ark Invest Adds Coinbase Stock as Crypto Exchange's Price Slides
https://www.coindesk.com/business/2022/12/12/ark-invest-adds-coinbase-stock-as-crypto-exchanges-price-slides/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cathie Wood's Ark Investment Management bought 78,982 shares in cryptocurrency exchange Coinbase (COIN) on Friday.

Bitcoin channel

12 Dec 2022 12:37

Terra's Do Kwon Is in Serbia, CoinDesk Korea Reports
https://www.coindesk.com/policy/2022/12/12/terras-do-kwon-is-in-serbia-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Terraform Labs co-founder is wanted in South Korea, backed by Interpol.

Bitcoin channel

12 Dec 2022 07:03

Maple Finance's $54M of Sour Debt Shows Risks of Crypto Lending Without Collateral
https://www.coindesk.com/markets/2022/12/12/maple-finances-54m-of-sour-debt-shows-risks-of-crypto-lending-without-collateral/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade. The project's MPL token has plunged, and depositors are likely to stomach big losses. Here's how it happened, and what comes next.

Bitcoin channel

11 Dec 2022 17:59

How Dozens Of Denver Middle Schoolers Became Bitcoin Entrepreneurs
https://bitcoinmagazine.com/culture/middle-schoolers-learn-bitcoin-lessons

An entrepreneurship program for middle schoolers in Denver equipped participants with sats and lessons in what makes Bitcoin the future.

Bitcoin channel

10 Dec 2022 04:00

How Erlay Helps Preserve Bitcoin’s Decentralization
https://bitcoinmagazine.com/technical/erlay-preserves-bitcoins-decentralization

Erlay is a new relay protocol that seeks to minimize the bandwidth usage required to connect Bitcoin full nodes.

Bitcoin channel

10 Dec 2022 02:18

Symbiont.io, Which Tried to Bring Blockchain to Traditional Finance, Files for Chapter 11
https://www.coindesk.com/business/2022/12/09/symbiontio-which-tried-to-bring-blockchain-to-traditional-finance-files-for-chapter-11/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin channel

13 Dec 2022 02:20

Bitcoin Exemplifies Fair And Transparent Rules
https://bitcoinmagazine.com/culture/bitcoin-exemplifies-fair-and-transparent-rules

Bitcoin is a fair and transparent system because its rules are set and consistently enforced, allowing for a level playing field for all participants.

Bitcoin channel

12 Dec 2022 23:54

Bieber, Madonna Among Dozens of Celebs Named in Lawsuit Alleging Yuga Labs NFT 'Scheme'
https://www.coindesk.com/web3/2022/12/09/bieber-madonna-among-dozens-of-celebs-named-in-lawsuit-alleging-yuga-labs-nft-scheme/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The suit claims that celebrity endorsements of Bored Ape Yacht Club NFTs and ApeCoin tokens resulted in financial loss for investors. Yuga Labs called the allegations ""opportunistic and parasitic."

Bitcoin channel

12 Dec 2022 21:52

10 Questions for FTX CEO John J. Ray III From a Securities Lawyer
https://www.coindesk.com/consensus-magazine/2022/12/12/10-questions-for-ftx-ceo-john-j-ray-iii-from-a-securities-lawyer/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

In his recent media tour, disgraced founder Sam Bankman-Fried claims he did not commit fraud. Someone that still has access to FTX and Alameda Research’s accounts could prove otherwise.

Bitcoin channel

12 Dec 2022 19:57

Crypto Insurance Firm Evertas Bucks Bear Market With $14M Raise
https://www.coindesk.com/business/2022/12/12/crypto-insurance-firm-evertas-bucks-bear-market-with-14m-raise/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Series A round was led by Polychain Capital and also included SinoGlobal Capital, Morgan Creek and Balaji Srinivasan.

Bitcoin channel

12 Dec 2022 16:48

Where Is the Ethereum Virtual Machine Headed in 2023? (Hint: Beyond Ethereum)
https://www.coindesk.com/consensus-magazine/2022/12/12/ethereum-virtual-machine-evm-future/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

With apps like Uniswap exploring Layer 2s, dYdX building on Cosmos and the rise of appchains on Cosmos next year seems fit for an explosion of EVM experimentation.

Bitcoin channel

12 Dec 2022 16:47

Bitcoin Stops The Bleeding: A Sound Money System Is The Only Cure For What Ails Our Economy
https://bitcoinmagazine.com/culture/bitcoin-stops-the-fiat-bleeding

As fiat currencies slowly bleed out in value, they are disincentivizing saving. Bitcoin is a cure for the economic calamities.

Bitcoin channel

12 Dec 2022 16:46

U.S. Justice Department Split Over Decision To Charge Binance In Criminal Investigation
https://bitcoinmagazine.com/legal/doj-split-deciding-charges-binance-investigation

Justice officials are reportedly deciding whether they have sufficient evidence to bring charges against the world’s largest cryptocurrency exchange.

Bitcoin channel

12 Dec 2022 15:00

Goldman: Regulators Should Protect Crypto Investors at the Point of Trust, Not the Blockchain
https://www.coindesk.com/policy/2022/12/12/goldman-regulators-should-protect-crypto-investors-at-the-point-of-trust-not-the-blockchain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Recent crises in the crypto market repeat a story as old as time, with a new asset attracting unsophisticated investors looking to make millions, the report said.

Bitcoin channel

12 Dec 2022 12:40

Crypto Payments App MoonPay Gains UK Regulator Registration
https://www.coindesk.com/policy/2022/12/12/crypto-payments-app-moonpay-gains-uk-regulator-registration/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The crypto payments app was registered with the Financial Conduct Authority as of Friday, signifying compliance with money laundering rules.

Bitcoin channel

12 Dec 2022 12:38

Tron's USDD Stablecoin Falls to Under $0.97, Lowest Level Since June
https://www.coindesk.com/markets/2022/12/12/trons-usdd-stablecoin-hits-lowest-since-june/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The algorithmic decentralized stablecoin modeled after Terra's now-defunct UST lost its dollar peg last month as the collapse of FTX dented investor confidence in digital assets.

Bitcoin channel

12 Dec 2022 07:09

Public Bitcoin Miners Fight For Survival
https://bitcoinmagazine.com/business/public-bitcoin-miners-fight-for-survival

Hash rate had its first major drawdown since July 2021 and public miners are feeling the pressure as tough conditions may last for a sustained period of time.

Bitcoin channel

12 Dec 2022 00:54

First Mover Asia: Uniswap ‘Fee Switch’ Proposal for Popular Ether Pools Stirs Up Community Debate
https://www.coindesk.com/markets/2022/12/11/first-mover-asia-uniswap-fee-switch-proposal-for-popular-ether-pools-stirs-up-community-debate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Some see the proposed pilot project as an “important step,” while others say it may lead to reduced trading activity.

Bitcoin channel

11 Dec 2022 03:02

How Bitcoin Can Enrich Our Interior Lives
https://bitcoinmagazine.com/culture/how-bitcoin-can-enrich-our-lives

Bitcoin can facilitate positive freedom by enabling individuals to retain value of their savings and feel more fulfilled.

Bitcoin channel

10 Dec 2022 02:19

AI-Related Tokens Surge as Maple, Ren Fall: CoinDesk Market Index Week in Review
https://www.coindesk.com/markets/2022/12/09/ai-related-tokens-surge-as-maple-ren-fall-coindesk-market-index-week-in-review/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

AI platform Fetch.ai’s native token FET surged 80% in the past five days, according to data from CoinDesk Market Index.

Bitcoin channel

10 Dec 2022 02:17

Binance Suspends Account of Customer for Being ‘Unreasonable’
https://www.coindesk.com/business/2022/12/09/binance-suspends-account-of-customer-for-being-unreasonable/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The user, who goes by the name "CoinMamba" on Twitter, started criticizing the exchange after some of his funds allegedly got stolen on his Binance account, but the exchange cited threats made to its customer service team in explaining the suspension.