Bitcoin channel

24 Jan 2023 01:17

Lawyers for Genesis and Its Creditors Are ‘Optimistic’ for a Quick Resolution to Bankruptcy Woes
https://www.coindesk.com/policy/2023/01/23/lawyers-for-genesis-and-its-creditors-are-optimistic-for-a-quick-resolution-to-bankruptcy-woes/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Lawyers for Genesis Global told a New York bankruptcy court on Monday that they’ve been working with their creditors’ representatives and the U.S. Trustee’s Office “around the clock” for the past two months in order to reach a “consensual resolution” with the embattled company’s creditors.

Bitcoin channel

23 Jan 2023 22:36

Bitcoin Soars Over $22K to Reach Four-Month High
https://www.coindesk.com/markets/2023/01/20/bitcoin-soars-over-22k-to-reach-four-month-high/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin rose over 5% and reached its highest level since mid-September. Market watchers will be eyeing the Federal Reserve’s next utterances.

Bitcoin channel

23 Jan 2023 22:35

MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance
https://www.coindesk.com/tech/2023/01/23/makerdao-approves-deployment-of-100m-usdc-on-defi-protocol-yearn-finance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits.

Bitcoin channel

23 Jan 2023 21:03

Latin American Stablecoin Adoption Expected to Grow Amid High Inflation
https://www.coindesk.com/business/2023/01/23/latin-american-stablecoin-adoption-expected-to-grow-amid-high-inflation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto winter didn’t slow down stablecoin use in Latin America in 2022.

Bitcoin channel

23 Jan 2023 21:01

In Wake of FTX, New York Reminds Crypto Firms to Segregate Customer Funds
https://www.coindesk.com/policy/2023/01/23/nydfs-publishes-guidance-on-crypto-insolvency-targeting-separation-of-customer-funds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

After crypto exchange FTX's bankruptcy proceedings revealed poor segregation of customer funds, the New York regulator is reminding service providers to keep clean records.

Bitcoin channel

23 Jan 2023 20:59

NFT Collection Doodles Acquires Emmy-Nominated Animation Studio
https://www.coindesk.com/web3/2023/01/23/nft-collection-doodles-acquires-emmy-nominated-animation-studio/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The expansion aims to grow the project’s scope into world building, narrative storytelling and new markets and will bring Golden’s Wolf’s founder into the company as Chief Content Officer.

Bitcoin channel

23 Jan 2023 20:57

After FTX: How Congress Is Gearing Up to Regulate Crypto
https://www.coindesk.com/consensus-magazine/2023/01/23/after-ftx-how-congress-is-gearing-up-to-regulate-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

SBF was crypto’s number one influencer in Washington. Now the collapse of FTX is fueling a crackdown, says Jesse Hamilton.

Bitcoin channel

23 Jan 2023 20:55

'What Was Gary Gensler Really Doing?': Rep. Tom Emmer on FTX, the SEC and What's Next for Crypto in Congress
https://www.coindesk.com/consensus-magazine/2023/01/23/rep-tom-emmer-crypto-and-web3-the-ownership-economy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The so-called “Crypto King of Congress” blames over-centralization and old-fashioned fraud for FTX’s collapse (not crypto). As Congress considers new crypto legislation, can he persuade his colleagues – including the combative Elizabeth Warren – of the same?

Bitcoin channel

23 Jan 2023 16:58

Crypto Gaming Token AXS Surges 40% Ahead of $64 Million Token Unlock
https://www.coindesk.com/markets/2023/01/23/crypto-gaming-token-axs-surges-40-ahead-of-64-million-token-unlock/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Some 4.8 million AXS tokens, the equivalent of 1.8% of the cryptocurrency's total supply, will be freed up later Monday.

Bitcoin channel

23 Jan 2023 15:03

In 2023, Bitcoiners Must Stop Shooting (Or Blocking) The Messengers
https://bitcoinmagazine.com/culture/dont-shoot-the-bitcoin-messengers

As the New Year begins, Bitcoiners should take this opportunity to engage with constructive criticism.

Bitcoin channel

23 Jan 2023 13:52

Central African Republic Forms Committee to Draft Crypto Bill
https://www.coindesk.com/policy/2023/01/23/central-african-republic-forms-committee-to-draft-crypto-bill/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The country, which made bitcoin a legal tender in April, wants to pave way for greater crypto adoption.

Bitcoin channel

23 Jan 2023 13:49

At Davos, Dutch Central Bank Chief Takes Aim at Jurisdictions That Attract Bad Crypto Actors
https://www.coindesk.com/policy/2023/01/19/dutch-central-bank-chief-takes-aim-at-jurisdictions-that-attract-bad-crypto-actors-at-davos-panel/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Klaas Knot called the appealing localities with lax restrictions "sunny places for shady people."

Bitcoin channel

23 Jan 2023 08:14

Aptos Token Prices Double in Two Weeks Amid Strong NFT Interest
https://www.coindesk.com/markets/2023/01/23/aptos-token-prices-double-in-two-weeks-amid-strong-nft-interest/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

NFT markets on Aptos are seeing growth among Crypto Twitter community users.

Bitcoin channel

23 Jan 2023 04:35

First Mover Asia: Bitcoin Surges Past $23K Before Retreating
https://www.coindesk.com/markets/2023/01/23/first-mover-asia-bitcoin-surges-past-23k-before-retreating/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: Sam Reynolds writes that Microsoft's cutting its mixed reality team underlines large tech firms's struggles to succeed in the augmented and virtual reality space. Will Apple do better?

Bitcoin channel

21 Jan 2023 02:43

Genesis’ Crypto Trading Arm Is Moving Money Around, a Sign of Normalcy Amid Sibling’s Bankruptcy
https://www.coindesk.com/business/2023/01/20/genesis-crypto-trading-arm-is-moving-money-around-a-sign-of-normalcy-amid-siblings-bankruptcy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

About $125 million was sent to exchanges in the run-up to Genesis’ lending division filing for Chapter 11, and more was moved the next day.

Bitcoin channel

24 Jan 2023 01:16

Crypto Markets Today: Bitcoin Holds Steady Near $23K; Gemini’s Job Cuts Continue
https://www.coindesk.com/markets/2023/01/23/crypto-markets-today-bitcoin-holds-steady-near-23k-geminis-job-cuts-continue/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

FTX’s FTT token was up 8% for the day. Equities closed up.

Bitcoin channel

23 Jan 2023 22:35

Ethereum's Buterin Proposes 'Stealth Addresses' to Enhance Privacy Protections
https://www.coindesk.com/tech/2023/01/23/ethereums-buterin-proposes-stealth-addresses-to-enhance-privacy-protections/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

In a new blog, Ethereum co-founder Vitalik Buterin outlines a stealth address system that can help overcome the blockchain’s lack of privacy protections.

Bitcoin channel

23 Jan 2023 22:34

Bitwise Chief Compliance Officer Says Stablecoin Legislation Could Come This Year
https://www.coindesk.com/consensus-magazine/2023/01/23/bitwise-chief-compliance-officer-says-stablecoin-legislation-could-come-this-year/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Katherine Dowling, general counsel at the asset management firm, says that because stablecoins are a “narrower issue” lawmakers may be more inclined to tackle the crypto-related framework.

Bitcoin channel

23 Jan 2023 21:02

Digital Euro Will Never Be Programmable, ECB’s Panetta Says
https://www.coindesk.com/policy/2023/01/23/digital-euro-will-never-be-programmable-ecbs-panetta-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Some observers have touted restrictions on how people can spend their money as an advantage of a central bank digital currency.

Bitcoin channel

23 Jan 2023 21:00

Indian Government Launches Blockchain Initiative With 5ire, Network Capital
https://www.coindesk.com/policy/2023/01/23/indian-government-launches-blockchain-initiative-with-5ire-network-capital/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Indian Government's apex public policy think tank, NITI Aayog, has launched a blockchain module in partnership with 5ire, a blockchain focused company, and Network Capital, a mentorship and career exploration platform.

Bitcoin channel

23 Jan 2023 20:58

Inflows Into Short Bitcoin Products Picked Up Alongside Rally: CoinShares
https://www.coindesk.com/markets/2023/01/23/inflows-into-short-bitcoin-products-picked-up-alongside-rally-coinshares/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Short-bitcoin investment products saw inflows totalling $25.5 million.

Bitcoin channel

23 Jan 2023 20:56

Harmony Hackers Cover Tracks by Bridging Portion of $100M Loot to Avalanche, Ethereum and Tron
https://www.coindesk.com/business/2023/01/23/harmony-hackers-cover-tracks-by-bridging-portion-of-100m-loot-to-avalanche-ethereum-and-tron/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The hackers that targeted Harmony network in a $100 million hack last year have bridged their ill-gotten gains from Bitcoin to Avalanche, Tron and Ethereum, according to on-chain analysis by blockchain sleuth MistTrack.

Bitcoin channel

23 Jan 2023 17:11

Announcing “Hunting Sats,” A Bitcoin Wallet Cracking Contest
https://bitcoinmagazine.com/culture/hunting-sats-contest-announcement

Shadowy super coders and sat stacking anons from all over the internet are welcome to try and crack a wallet containing millions of sats.

Bitcoin channel

23 Jan 2023 16:57

Bernstein: The Bounce in Cryptocurrencies Is a ‘Mean Reversion’ Rally
https://www.coindesk.com/markets/2023/01/23/bernstein-the-bounce-in-cryptocurrencies-is-a-mean-reversion-rally/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Recent gains are unlikely to presage a sustained advance, the report said.

Bitcoin channel

23 Jan 2023 14:03

Uniswap Poll Shows 80% Support Decentralized Crypto Exchange's Move to BNB Chain
https://www.coindesk.com/tech/2023/01/23/uniswap-poll-shows-80-support-decentralized-crypto-exchanges-move-to-bnb-chain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Community members staked over 20 million UNI tokens to cast their votes.

Bitcoin channel

23 Jan 2023 13:51

Cardano Network Quickly Recovers After Brief Node Outage
https://www.coindesk.com/tech/2023/01/23/cardano-network-quickly-recovers-after-brief-node-outrage/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A short-lived outrage that affected over 50% of the network was automatically solved within minutes on Sunday.

Bitcoin channel

23 Jan 2023 10:50

South African Self-Regulatory Body Mandates Risk Warnings in Crypto Ads
https://www.coindesk.com/policy/2023/01/23/south-african-self-regulatory-body-mandates-risk-warnings-in-crypto-ads/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Under the industry’s self-regulation code, advertisements must clearly warn users of investment risk and social media influencers shouldn’t offer trading advice.

Bitcoin channel

23 Jan 2023 06:37

Binance Says Signature Bank Won’t Support Transactions for Crypto Exchange Customers of Less Than $100K
https://www.coindesk.com/business/2023/01/23/binance-says-signature-bank-wont-support-transactions-for-crypto-exchange-customers-of-less-than-100k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The crypto friendly bank has been reducing its involvement in crypto markets in recent months, part of the fallout from recent industry debacles.

Bitcoin channel

21 Jan 2023 02:44

First Hearing in Genesis Bankruptcy Case Set For Monday
https://www.coindesk.com/business/2023/01/20/first-hearing-in-genesis-bankruptcy-case-set-for-monday/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Genesis' first hearing in its bankruptcy case is set for January 23.

Bitcoin channel

21 Jan 2023 02:42

U.S. Lays Claim to $700 Million of Assets Linked to Bankman-Fried, FTX
https://www.coindesk.com/policy/2023/01/20/us-lays-claim-to-700-million-of-assets-linked-to-bankman-fried-ftx/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.S. seized $700 million of former FTX CEO Sam Bankman-Fried’s assets and is now seeking their forfeiture.