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🔔 MARKET MOVING NEWS! (26/02/24)
1️⃣ Privacy-Focused Aleo Users Concerned After KYC Documents Leak 😐
According to reports, zero-knowledge (ZK) cryptography-focused blockchain platform Aleo has mistakenly emailed some of its users’ Know Your Customer (KYC) documents to other users. Notably, Aleo has been using a third-party protocol ‘HackerOne’ for the KYC process.
Mike Sarvodaya, founder of layer-1 blockchain infrastructure Galactica stated,
It’s ironic that a protocol for programmable privacy uses a third party to collect users’ unencrypted KYC data after that leaks to the public. Apparently, when your ZK stack is so advanced, you might just forget how to practice basic opsec.
Obviously trying not to be victim blaming here but you gotta be very special to think MicroStrategy is launching an ETH token after Saylor has spent multiple years very famously saying ‘there is no second best’ and ‘you only use one chair’ etc.
The UK has a high level of participation and is a very well-educated and active market. What we liked about the opportunity in the UK, when it comes to crypto, is that it’s becoming more aligned with the markets where we’ve traditionally operated. The regulatory bar has been set slightly higher.
🔔 MARKET MOVING NEWS! (25/02/24)
1️⃣ ZachXBT Recovers Majority Of $177K Stolen NFT Proceeds After 9-Month Probe ⚡️
Pseudonymous on-chain investigator ZachXBT has reportedly helped a phishing victim recover most of the funds from the sale of their stolen rare DeGods NFT. The investigation reportedly took nine months to complete. Along with the recovery announcement, ZachXBT disclosed his plan to conclude his pro bono blockchain investigation work shortly. The move reportedly comes after the investigator became frustrated with certain followers showing frustration that he did not assist them in recovering their stolen crypto as well, despite him reiterating that he provides this service free of charge.
Source
2️⃣ EIA To Temporarily Suspend Bitcoin Miner Survey After Lawsuit -Court Document ‼️
Following a lawsuit filed by prominent miner Riot Blockchain, the U.S. Department of Energy (DOE) has agreed to temporarily suspend its mandatory survey of cryptocurrency miner energy use. The DOE's statistical arm, the Energy Information Administration, will sequester the data received after it began collecting details from bitcoin miners early this month.
Source
3️⃣ FTX Settles Dispute, Sells European Arm For $33M ☄️
Bankrupt crypto exchange FTX has reportedly agreed to sell FTX Europe back to its founders for $32.7 million. Its European division was named ‘Digital Assets AG’ before its acquisition for $323 million in 2021.
Notably, FTX had initially attempted to recover the funds spent on the acquisition by filing a lawsuit claiming that the purchase was financed with customer funds. The startup founders, Patrick Gruhn and Robin Matzke, denied the allegations and counter-attacked, asking for $256.6 million from FTX. However, it appears that the dispute was finally resolved on Feb. 21.
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🔔 MARKET MOVING NEWS! (24/02/24)
1️⃣ Satoshi Anticipated Bitcoin Energy Debate in Email Thread With Early Collaborators 🔍
According to a recently released batch of emails posted by Bitcoin code’s earliest collaborator Martii 'Sirius' Malmi, Bitcoin creator Satoshi Nakamoto warned that the cryptocurrency could become an energy guzzler.
Satoshi stated,
If it did grow to consume significant energy, I think it would still be less wasteful than the labour and resource-intensive conventional banking activity it would replace. The cost would be an order of magnitude less than the billions in banking fees that pay for all those brick-and-mortar buildings, skyscrapers, and junk mail credit card offers […] Ironic if we end up having to choose between economic liberty and conservation.
The gradual unlock will continue at a pace of 0.64% (64 million tokens) monthly until March 15, 2025, after which it will change to 1.27% (127 million tokens) monthly for the next 24 months until March 15, 2027. Under the new unlock plan, 580 million tokens held by early contributors and investors will be unlocked by the end of 2024, as opposed to 2 billion of those tokens under the previous schedule. 1.4 billion additional tokens will be gradually unlocked by the end of 2025, another 1.5 billion will be unlocked by the end of 2026 and 380 million will be unlocked by March 15, 2027.
🔥 Rally Report 🔥
SIACOIN
The price of SC has rallied by 14% in the past 24 hours.
WHY?!
📈 The rally seems to come from general bullishness surrounding decentralised storage coins.
🔍 There also doesn’t appear to be any fundamental reason behind SC’s price action. Instead, it appears to be led by speculative trading activity on the South Korean crypto markets. Notably, over 77% of SC’s total trading volume today on centralised exchanges comes from the South Korean crypto exchange Upbit.
If you want to buy or trade SC, we have an exclusive $50K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
🔗 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
Did you know that Near Protocol has seen more real world adoption than any other crypto? It has over 30 million monthly active users, and that’s only on its top two dApps!
This promising crypto project has been flying under the radar for a while, which is why we figured it was about time to bring everyone up to speed about what it’s been up to.
As it turns out, Near Protocol has accomplished a lot over the last year, and if it can position itself appropriately, this year will be even bigger.
This is a video you do not want to miss!
🔔 MARKET MOVING NEWS! (22/02/24)
1️⃣ Nvidia Overtakes Tesla As Most-Traded Stock, While AI Boosts Revenue 265% 📈
GPU chip manufacturer Nvidia’s latest fourth-quarter financial results reveal that the firm recorded a revenue of $22.1 billion in Q4, which is up 22% from Q3 and 265% from the prior year. Notably, this beat’s Wall Street's expectation of $20.4 billion. Jensen Huang, the founder and CEO of Nvidia, attributed the surge in revenue to the rise in the global demand for accelerated computing and generative AI.
The results have also pushed Nvidia to overtake Elon Musk’s Tesla as Wall Street’s most-traded stock. According to a Reuters report, about $30 billion worth of Nvidia shares were moved among traders in the last 30 trading sessions.
Source
2️⃣ Yuga Labs Founder Garga Returns as CEO to ‘Unshackle’ Bored Ape Team ‼️
According to a recent tweet, Yuga Labs co-founder Greg Solano (aka “Garga”) is returning as the firm’s CEO, replacing former Activision executive Daniel Alegre after less than a year at the helm. However, it is unclear whether Alegre will leave the company or transition into another role.
Solano tweeted,
I am stepping back in as CEO of Yuga Labs. Wylie [Aronow, Yuga Labs co-founder] and I are grateful for all the contributions and operational rigor Daniel has brought to the company, and appreciate his thoughtfulness and mentorship over the past year. I’m reinvigorated to be taking the reins for our next chapter.
Ladan’s most recent role as the head of the SEC’s specialized crypto and cyber litigation unit is a significant asset given the heightened regulatory scrutiny of the crypto industry in recent years. Ladan is extraordinarily well positioned to counsel crypto industry players and defend them against regulatory or private actions.
🔔 MARKET MOVING NEWS! (21/02/24)
1️⃣ Circle Ceases USDC Support On TRON Blockchain As Part Of Risk Management Strategy ❌
In a blog post published today, stablecoin issuer Circle announced that it will phase out support for USDC on the TRON network. It also stated that “minting services” for USDC on the TRON network will cease immediately while customers’ transfers of USDC to other blockchains will be supported through February 2025.
The blog post explains the decision stating,
As part of our risk management framework, Circle continually assesses the suitability of all blockchains where USDC is supported. Our decision to discontinue support for USDC on TRON is the result of an enterprise-wide approach that involved the business organization, compliance and other functions across our company. This action aligns with our efforts to ensure that USDC remains trusted, transparent and safe - characteristics that make it the leading regulated digital dollar on the internet.
Gradually, validators plan to increase limits for Soroban transactions, building up to full capacity. As the increases happen and we enter phase 1, the 160-plus builders and projects already building on testnet will begin to deploy on mainnet. Later, once projects are deployed, the network has been stress-tested, and the ecosystem is satisfied, dApps will launch for all to use.
🔔 MARKET MOVING NEWS! (20/02/24)
1️⃣ Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure 🔍
According to a Financial Times report, crypto hedge fund Tyr Capital has been accused of “criminal” mismanagement by one of its clients, TGT, and had its offices raided by a Swiss prosecutor.
The report states that Tyr allegedly ignored warnings from TGT regarding its exposure to FTX and only attempted to withdraw assets from FTX after the exchange filed for bankruptcy in November 2022. TGT is reportedly now looking to close its account with Tyr and recover the remaining assets, including a $22 million claim against FTX.
Source
2️⃣ UK Minister Expects Laws on Stablecoins, Staking Within Six Months ‼️
According to a Bloomberg report, the UK government is “pushing very hard” to get new rules governing stablecoins and staking services for crypto assets approved by lawmakers within the next six months, ahead of this year’s general election. Notably, the UK is yet to set a date for its next general election, however, it is legally bound to take place by January 2025.
Source
3️⃣ SBF Trades Clean-Shaven Look for Scruffy Beard in Newly Surfaced Prison Photo 📸
In a tweet made on X, independent crypto reporter Tiffany Fong released the first photo of former billionaire Sam Bankman-Fried (SBF) since his imprisonment at New York’s Metropolitan Detention Centre.
In the image, SBF can be seen sporting a new beard and a slimmer waistline while standing alongside five other inmates. The photo was reportedly shared with Fong by a former MDC prison inmate known only as “G Lock,” whom she also interviewed. Notably, during the interview, G Lock revealed that SBF hadn’t been shaving or showering very often in prison. He also said that SBF hadn’t been subjected to any serious violence or intimidation during his stay in the MDC.
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4️⃣ Starknet Activity Falls Sharply Following Ethereum Airdrop Hype 📉
The number of active wallet addresses on Starknet has reportedly fallen substantially over the past week as the date of its airdrop claim approaches. Notably, this could be a result of the growing grievances of some community members over its Starknet Provisions Program airdrop. One of the key points of contention in the airdrop announcement was the token unlock schedule, which would reward team members just two months after the token goes live.
Source
5️⃣ Bitcoin Spot ETF Inflows Increase Amid Net Outflows For Gold-Backed Funds, Analyst Says 💸
According to ETC Group Head of Research André Dragosch, substantial inflows into global bitcoin exchange-traded products could, in the long term, threaten gold's position as the world's primary ‘store of value’. Dragosch stated that there is an increasing divergence between global fund flows into bitcoin and equivalent flows into gold.
Source
🔔 MARKET MOVING NEWS! (19/02/24)
1️⃣ FixedFloat Confirms $26M Exploit In Bitcoin, Ether 🥶
According to on-chain data, decentralised crypto exchange FixedFloat has been exploited for at least $26 million worth of Bitcoin and Ether. The team had initially attributed the massive outflows to “minor technical problems” before confirming the attack a few hours later. The DEX has currently been switched to maintenance mode. However, there is no clear indication of how the attack was carried out.
The team stated,
We confirm that there was indeed a hack and theft of funds. We are not yet ready to make public comments on this matter, as we are working to eliminate all possible vulnerabilities, improve security, and investigate. Our service will be available again soon. We will provide details on this case a little later.
The new Commerce product enforces the details of each payment onchain, supports hundreds of assets (native and ERC-20s) across Base, Polygon, and Ethereum, & automatically converts payments to USDC onchain at a guaranteed rate to merchants. Delivering these same capabilities on the Bitcoin blockchain without smart contracts and stablecoins was challenging & we therefore made the difficult decision to remove native Bitcoin & other UTXO support. (sic)
🔥 Rally Report 🔥
FLARE
The price of FLR has rallied by 18% in the past 24 hours.
WHY?!
💰 The rally comes after Flare successfully raised $35 million in a private round.
‼️ Additionally, early investors in the project have voluntarily agreed to extend token distribution from 2024 to the first quarter of 2026. A selling limit of 0.5% of daily trade volume has also been imposed to reduce market sell pressure.
If you want to buy or trade FLR, we have an exclusive $50K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
🔗 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
The numbers don’t lie: South Korea is crazy for crypto.
Last November, the Korean won overtook the US dollar as the world currency most traded for bitcoin.
But how can a country the size of Oregon have such an outsized influence on the global crypto market? Do they know something the rest of us don’t? And what on earth are they feeding the degens over there?
We wanted answers, so we investigated Korea’s crypto market — and what we found was fascinating.
If you want to find the next gem before it rips 100x in South Korea, this is a video you can’t afford to miss!
🔥 Rally Report 🔥
WORLDCOIN
The price of WLD has rallied by 16% in the past 24 hours.
WHY?!
🤫 The rally comes after Tools for Humanity's head of product, engineering & design, Tiago Sada, hinted at incoming “major announcements” for the project during an interview with The Block.
📈 Additionally, WLD’s recent price rise has been influenced by the bullishness surrounding the AI crypto narrative.
If you want to buy or trade WLD, we have an exclusive $50K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
🔗 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
Cardano founder Charles Hoskinson is famous for his YouTube videos, most of which consist of insightful rants about Cardano and the crypto industry as a whole.
Recently, Charles pushed a video about a very important topic, and that’s the slow takeover of the crypto industry by TradFi. The approval of the spot Bitcoin ETFs has put this topic in the spotlight.
That’s why today we unpack exactly what Charles said, explain what it means, and how crypto could fight back. If you care about crypto, this is a video you need to watch until the end!
🔥 Rally Report 🔥
UNISWAP
The price of UNI has rallied by 73% in the past 24 hours.
WHY?!
📈 The rally comes after Uniswap Foundation's governance lead Erin Koen submitted a proposal to overhaul the protocol's governance system.
‼️ Notably, the proposal seeks to reward UNI token holders who have “staked and delegated their tokens.”
If you want to buy or trade UNI, we have an exclusive $50K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
🔗 https://www.youtube.com/watch?v=YZV9mji7UQo
🔔 MARKET MOVING NEWS! (23/02/24)
1️⃣ FTX To Add Over $1B To Cash Stack After Court Approves Anthropic Sale ☄️
Delaware Bankruptcy Court Judge John Dorsey has reportedly granted bankrupt crypto exchange FTX, the approval to sell over $1 billion worth of its shares in artificial intelligence startup Anthropic.
Notably, the approval comes after FTX made concessions with some customers who objected to the sale. The customers had earlier claimed the Anthropic shares didn’t belong to FTX since it was purchased with misappropriated customer funds. However, they agreed to the sale after FTX agreed to repay users with the funds from selling its Anthropic stake.
Source
2️⃣ Reddit Discloses Bitcoin and Ether Holdings in IPO Filing 💸
The San Francisco-based social media giant Reddit has reportedly invested part of its excess cash in Bitcoin (BTC) and Ether (ETH). Notably, the revelation was part of the company’s filing with the U.S. Securities and Exchange Commission (SEC) to go public on the New York Stock Exchange under the ticker symbol “RDDT.” Additionally, Reddit also stated that it acquired ether and Polygon (MATIC) "as a form of payment for sales of certain virtual goods.” This makes the firm one of the few companies that directly purchased digital assets alongside the likes of Michael Saylor's MicroStrategy and Elon Musk's Tesla.
Source
3️⃣ Andreessen Invests $100 Million in Crypto Startup EigenLayer 💰
According to a Bloomberg report, venture firm Andreessen Horowitz has invested $100 million in crypto startup Eigen Labs. Notably, Eigen Labs is the developer behind EigenLayer – the crypto restaking protocol atop Ethereum.
Explaining the project, EigenLayer founder Sreeram Kannan stated,
The idea is that when you stake on Ethereum, you are promising that you’re going to run the Ethereum network nodes correctly. With restaking, you are taking the same Ether and making additional promises that you will also validate other networks correctly.
We're mitigating risks linked to large sums of money with an EU-wide limit of 10,000 euros for cash payments. At the same time, we're addressing risks posed by crypto and the anonymity it enables […] Really important that we will now have a single set of rules applicable to the private sector across the single market so no matter where companies are located across the union, they will be subject to the same rules.
French soccer giant Paris Saint-Germain has announced that it will become a network validator for the Chiliz Chain blockchain which hosts its PSG fan tokens that were introduced in September 2018. Notably, PSG is the first major football club to become a blockchain validator. The club also announced that it will reinvest revenue generated as a validator to buy back PSG tokens. This will reportedly help create a self-sustaining digital economy for the club and its fan base.
Source
🔥 Rally Report 🔥
SINGULARITYNET
The price of AGIX has rallied by 33% in the past 24 hours.
WHY?!
🔍 This is part of a larger rally among cryptocurrencies associated with artificial intelligence (AI) projects.
📈 Notably, the rally follows GPU chip manufacturer Nvidia’s latest fourth-quarter financial results. Nvidia reported a 265% year-on-year increase in revenue due to rising global demand for AI equipment.
If you want to buy or trade AGIX, we have an exclusive $50K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
🔗 https://www.youtube.com/watch?v=YZV9mji7UQo
🔥 Rally Report 🔥
SIACOIN
The price of SC has rallied by 18% in the past 24 hours.
WHY?!
📈 The rally seems to come from general bullishness surrounding decentralised storage coins this week. Specifically, today’s rally seems to be led by speculative trading activity on the South Korean crypto markets.
🔍 Notably, over 80% of SC’s total trading volume today on centralised exchanges comes from the South Korean crypto exchange Upbit.
If you want to buy or trade SC, we have an exclusive $50K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
🔗 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
Ethereum’s Layer 2 solutions could be about to explode.
With the imminent Dencun upgrade fast approaching, many investors are increasingly excited about Ethereum’s scalability being supercharged by these solutions.
There are several different types of scaling solutions, and each of them will likely feel Dencun’s benefits in different ways.
That's why in today’s video, we take a look at a selection of the most popular Layer 2s, how they’ll benefit from the upcoming upgrade, and what it could all mean for the wider Ethereum ecosystem.
Be sure to stick around until the end to see those with the most potential!
🔥 Rally Report 🔥
FILECOIN
The price of FIL has rallied by 15% in the past 24 hours.
WHY?!
📈 The rally seems to come from general bullishness surrounding decentralised storage coins this week.
☄️ Another possible factor is Filecoin’s recent announcement regarding an integration with layer-1 blockchain Solana. The integration will see Solana use Filecoin to make its block history more accessible and usable for infrastructure providers, explorers, indexers, and anyone needing historical access. Notably, this is expected to bolster Solana’s decentralisation by allowing Solana-based infrastructure projects to move away from centralised data storage solutions.
If you want to buy or trade FIL, we have an exclusive $50K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
🔗 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
Another Monday, another weekly crypto review! In today’s episode we explain why BTC seems to be stuck at around 52k, and why this could become a bullish tailwind for altcoins.
We also touch on what’s been causing Ethereum’s gas fees to spike, and when ETH could hit 3k. We’d be remiss if we didn’t mention something about stablecoins either, given that they’re growing fast.
Finally, we assess the billions of dollars of stocks that billionaires have been selling lately, and finish off with an analysis of last week’s top performing cryptos and where they’re headed next.
So basically, your standard weekly crypto review. We hope you enjoy it like all the others!
🔥 Rally Report 🔥
WORLDCOIN
The price of WLD has rallied by 42% in the past 24 hours.
WHY?!
☄️ The rally seems to come on the back of the launch of OpenAI's Sora AI model. Notably, Sora allows users to turn text into video.
📈 Another possible factor is Worldcoin’s recent announcement about its crypto wallet application “World App,” recording more than one million daily users this week. This is a significant growth from the 100,000 daily active users in November 2023.
If you want to buy or trade WLD, we have an exclusive $50K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
🔗 https://www.coinbureau.com/deals/trading/bybit-cb/
Looking for a Bybit guide?! 👇
🔗 https://www.youtube.com/watch?v=YZV9mji7UQo
🚨 New Video Alert!! 🚨
Online censorship it hitting new all time highs around the world. This isn’t surprising given that trust in governments and other established institutions is at all time lows.
What is surprising is just how far governments are ready to go to maintain control of the narrative. A recent hearing in the US congress revealed that they’re planning on using AI, and more.
The hearing not only revealed what exactly governments are planning, but also the details of their past efforts to censor their citizens. This foreshadows a very scary 2024, and demands a collective response.
Watch until the end to find out how to fight back!