Author: Chris Smith
Trust Wallet Undergoes Rebranding
Reading Time: < 1 minuteTrust Wallet, a non-custodial cryptocurrency wallet, has undergone a rebranding campaign that includes a new logo and app design.
EU Authorities Believe DeFi Market Is Not a Threat for Financial Stability
Reading Time: < 1 minuteAccording to a report published by the European Securities and Markets Authority (ESMA) last week, there is no perceived risk to the EU financial stability from the DeFi (decentralized finance) market.
Bitcoin Could Fall to $17,000: Opinion
Reading Time: < 1 minuteAccording to DataDash CEO Nicholas Merten, Bitcoin could experience a sharp decline if the US economy enters a recession.
France’s Central Bank Deputy Governor: CBDCs Will Become Alternative to Stablecoins
Reading Time: < 1 minuteAccording to Denis Beau, the deputy head of the Bank of France, national digital currencies (CBDC) are seen as a strong alternative to stablecoins.
Charles Munger: Most Cryptos Will Collapse
Reading Time: < 1 minuteBerkshire Hathaway’s Vice President, Charles Munger, has recently joined a long list of elderly billionaires criticizing Bitcoin.
50% of Bitcoins Have Not Moved for More than 5 Years
Reading Time: < 1 minuteAccording to Glassnode, approximately 10.4 million Bitcoins have remained stagnant for over five years.
The BIS Launches Global Crypto Monitoring System
Reading Time: < 1 minuteA proof of concept for a dynamic display system for digital asset circulation was presented by the Bank for International Settlements (BIS).
Report: Interest in Ethereum-ETF Futures Not as High as Expected
Reading Time: < 1 minuteAccording to analysts from K33 Research, the trading volume of Ethereum futures ETF after its listing was only 0.2% of similar Bitcoin-based instruments in 2021.
Judge Rejects SEC’s Appeal in Ripple Case
Reading Time: < 1 minuteJudge Analisa Torres of the District Court has denied the SEC’s request for an interlocutory appeal in the case against Ripple, where XRP was only partially recognized as a security.
Court Gives Bitcoin Pyramid AirBit Club Employees Prison Sentences
Reading Time: < 1 minuteEmployees of the international cryptocurrency pyramid, AirBit Club, were sentenced to prison by the Southern District of New York court.
Chainalysis to Lay Off Up to 150 Employees Due to Financial Difficulties
Reading Time: < 1 minuteFacing financial difficulties, Chainalysis, a firm specializing in blockchain analysis, has been forced to reevaluate its approach to personnel policies.
Coinbase Obtains License from Singaporean Authorities
Reading Time: < 1 minuteCoinbase has obtained a license from the Singaporean authorities, allowing the exchange to serve local Bitcoin traders.
Circle Says Stablecoins Aren’t Securities
Reading Time: < 1 minuteAccording to Circle’s general counsel and former CFTC head Heath Tarbert, buyers of stablecoins are not looking for profit, making it clear that these assets are not considered investment contracts.
Hong Kong Seizes Almost $3M in JPEX’s Case
Reading Time: < 1 minuteThe ongoing investigation into the collapse crypto exchange JPEX has resulted in the seizure of over $2.8 million.
ETH and BTC Will Grow Following ETF Launch: Report
Reading Time: < 1 minuteResearch by K33 and Kaiko analysts have revealed that the Ethereum to Bitcoin ratio has reached new annual lows.
Ethereum Devs Restart Holesky Testnet
Reading Time: < 1 minuteThe Holesky testnet, developed by the Ethereum blockchain team, was finally launched after a failed first attempt on the anniversary of the Merge update.
Coinbase CEO Criticizes British Bank Chase Decision to Suspend Crypto Transactions
Reading Time: < 1 minuteCoinbase CEO Brian Armstrong has expressed his thoughts on Chase Bank’s recent decision to cease cryptocurrency operations in the British market.
Volume of Crypto Funds Increases to $650B: Bernstein
Reading Time: < 1 minuteAccording to a report from the brokerage firm Bernstein, the assets under management of cryptocurrency funds are expected to increase to $650 million in the next five years.
JPEX Organizers Said to Have Escaped
Reading Time: < 1 minuteAccording to reports from the South China Morning Post, the co-founders and CEOs of JPEX, a now-collapsed Hong Kong exchange, are suspected to have fled.
Tether Suspends USDT Tranfers to Fiat and DeFi Project from Singapore
Reading Time: < 1 minuteCake, a DeFi protocol based in Singapore, has announced that Tether will no longer be converting its stablecoin into US dollars.
Bloomberg Strategist: Bitcoin Will Fall to $25K
Reading Time: < 1 minuteAccording to Bloomberg Intelligence strategist Mike McGlone, Bitcoin’s value may continue to face downward pressure until the end of 2023.
US Democrats Say Republican Bill Against Digital Dollar is Stupid
Reading Time: < 1 minuteThe introduction of a bill by Republicans that would ban the distribution of CBDCs by the Federal Reserve to individual citizens has sparked criticism from Democrats.
Tether Spends $420M to Purchase Nvidia GPUs
Reading Time: < 1 minuteTether Limited, the issuer of the USDT stablecoin, has made a $420 million purchase of 10,000 H100 chips from Nvidia.
Hester Peirce: SEC’s Crypto Policy Might Change
Reading Time: < 1 minuteSEC Commissioner Hester Peirce has acknowledged that the agency’s current stance on the crypto industry may see changes.
Stanford University to Return $5.5M in Donations from FTX
Reading Time: < 1 minuteStanford University, where the parents of FTX and Alameda Research founder Sam Bankman-Fried (SBF) were employed, has decided to return $5.5 million in donations.
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