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2022-07-31 18:05:04+00:00
The Central African Republic has launched a public sale of Sango Coin tokens
The Central African Republic began selling its cryptocurrency Sango Coin on Monday. This is the first round of a global public sale program. At this stage, authorities have issued 200 million Sango Coins tokens at $0.10. The coin is scheduled to list later this year at a starting price of $0.45. But owners won't be able to immediately "drain" coins from the presale, as the unlock period here is 1 year.
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2022-07-31 14:04:22+00:00
Shiba Inu announced the release of the Visa SHIB Burn card
The developers of Shiba Inu showed a short teaser advertising the Visa card and the Shibburn logo. They signed it with the slogan "Make payments, burn SHIB".
Shibburn is going in a new direction. pic.twitter.com/IzcQMtvs6P
- Shibburn () July 24, 2022
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2022-07-31 11:04:08+00:00
South Korea initiates new investigation into $1.5 billion "kimchi awards"
The South Korean authorities continue to fight illegal financial transactions. The Seoul Public Prosecutor's Office has suspected that fraudsters were withdrawing large sums of money to China as a result of trading on "kimchi awards."
According to officials, a group of criminals took advantage of the specifics of South Korea's cryptocurrency market for criminal purposes. They used the so-called "kimchi awards" to earn over 2 trillion Korean won ($1.5 billion). The money was then sent overseas, passing through two banks and settling in China.
The "kimchi awards" is the difference between the price of bitcoin in South Korea and the value of the digital currency on the global market.
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2022-07-31 10:03:02+00:00
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2022-07-30 18:05:22+00:00
FOMO Pay announced a partnership with Ripple
FOMO Pay, a large Singapore-based payment service, announced a strategic partnership with blockchain solution provider Ripple. The company intends to use the ODL infrastructure to increase cross-border treasury flows.
Previously, the service used alternative tools with USD and EUR for similar transactions. The integration of Ripple's business platform will make treasury payments more economical and faster.
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2022-07-30 12:21:52+00:00
Tesla received $64 million for bitcoin sales in Q2 2022
Tesla filed a report with the SEC on the sale of securities and other assets. It shows that the company received $64 million in net income for the sale of a portion of its bitcoin inventory in the second quarter of this year.
According to its Form 10-Q, the company recorded $170 million in asset impairment losses for the first half of the year. Including that, as well as a number of other expenses, the net profit from the sale of the giant BTC batch was only $64 million.
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2022-07-29 18:04:18+00:00
Boston Dynamics' "robot dogs" search landfill for disc with missing bitcoins
Stories of discarded bitcoin discs have become urban legends. And the problem is serious indeed: some experts believe that 40% of all bitcoins are lost on old equipment.
One such casualty was James Howells. In 2013, the guy threw away a hard drive that had 8,000 BTC (about $176 million at current exchange rates) on it. Now he has a high-profile plan to get the coins back.
Howells is willing to spend $11 million for his "special operation" - which, by the way, is provided by sponsors. This amount will go to buy two Boston Dynamics robot dogs (they cost $74,500 each), cameras, and equipment.
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2022-07-29 14:04:03+00:00
Hollywood producer pleads guilty to crypto pyramid scheme
Hollywood producer Ryan Felton, who promoted the scam project FLiK, admitted guilt on 24 counts. Using fakes and a rich imagination, the man defrauded crypto-investors of more than 2.5 million.
The official statement from Minjust (DOJ) states that Felton promoted an ICO (initial investment in tokens) for the streaming service FLiK in 2017.
In his videos and interviews, the producer promised that the new platform would be the "Netflix killer." And he even made up a fake story about FLiK's co-owner being a famous rapper and actor from Atlanta.
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2022-07-29 13:05:10+00:00
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2022-07-29 11:03:37+00:00
SEC launches investigation against Coinbase for "improperly listing" tokens
According to Bloomberg, Coinbase is under investigation by the Securities and Exchange Commission (SEC). The case involves the listing of a number of cryptocurrencies that the regulator believes are securities.
Recall that a former Coinbase executive was arrested last week in the U.S. on charges of insider trading.
U.S. authorities want to finally bring order to the "Wild West of cryptocurrencies." SEC Chairman Gary Gensler confirmed this: he said that the commission will do more to protect retail investors.
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2022-07-28 13:04:06+00:00
Changpeng Zhao sued Bloomberg Businessweek
Changpeng Zhao has sued Bloomberg Businessweek Hong Kong's Modern Media Company. The case concerns the 250th anniversary issue of Bloomberg Businessweek for July 6. The magazine came out with the cover story "Ponzi Changpen Zhao Scheme." And in the article itself, according to Zhao, journalists made unsubstantiated accusations against the head of Binance. The publication also duplicated similar messages on Twitter and Facebook.
The statement said Modern Media is an important and influential local media outlet, but that its content is defamatory, generates hate, contempt and ridicule, and damages the plaintiff's image in the eyes of the general public, particularly in cryptocurrency and business circles.
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2022-07-28 12:03:53+00:00
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2022-07-28 11:04:02+00:00
Bitfinex, Tether and Hypercore launched the first P2P messenger
Bitfinex and Tether with the support of Hypercore have developed a new messenger based on peer-to-peer technology, called Keet. The program allows you to instantly exchange files, multimedia and messages with the highest level of security.
In fact, it is a peer-to-peer network based on the Holepunch platform, created for the development of P2P applications. Bitfinex and Tether co-funded the project.
Keet users can connect to each other using only cryptographic key pairs. There is no server and no "third party" that could potentially "leak" data.
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2022-07-27 18:04:35+00:00
Barclay joins the ranks of Copper investors
Sky News magazine, citing an anonymous source, said that investment bank Barclay will join the ranks of Copper investors. The exact amount is unknown, but we are talking about "millions of dollars."
Recall that back in late October of last year, Copper said it was preparing a $500 million round. The company was able to achieve a valuation of $ 5 billion, but encountered opposition from the British regulator FCA.
In addition, the crisis impacted the round's preparations. Copper's market valuation fell to $2 billion, but investors have not lost interest in the organization.
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2022-07-27 14:04:36+00:00
Audius' streaming platform was hacked. Hacker stole $1.08 million
On July 23, an unknown hacker hacked the Web3 platform Audius. He made an offer to transfer 18 million native tokens to a dummy wallet, then independently approved it through an exploit.
According to Etherscan, the hacker withdrew the loot around 7 p.m. EST. Apparently he discovered a way to make himself the sole holder of the contract when he accepted the offer.
The Audius administration also confirms this in a comment to Cointelegraph:
"It was an exploit. He used the management system as a starting point for the attack. It was not a voluntary vote."
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2022-07-27 11:04:35+00:00
Christie's launches auction fund to secure the future of CryptoArt
Art auction house Christie's has launched its own Web3-focused venture capital fund to provide financial assistance to technology companies that provide seamless art consumption.
Christie's has had a major impact on the CryptoArt world over the past 16 months, first making noise by facilitating the infamous sale of Beeple's " Everydays " works . Now, however, in an effort to move the industry forward, it has launched Christie's Ventures, essentially the venture capital arm of the legendary organization, which aims to spread the benefits of Web3 technology to the art world.
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2022-07-26 18:03:45+00:00
Zelus became an official partner of Rolling Loud hip-hop festival
Cryptocurrency wallet Zelus and the management of the hip-hop festival Rolling Loud signed a partnership agreement in which a collection of free NFTs dedicated to Rolling Loud 2022 will be released.
The collectible NFTs will be drawn among attendees in three stages and will be available through the Zelus app. The first winners will be determined at Rolling Loud Miami July 22-24, and subsequent drawings will take place at Rolling Loud Toronto September 9-11 and Rolling Loud NYC September 23-25.
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2022-07-26 11:03:37+00:00
Media: New York mayor received bribe for lobbying for mining law
New York City Mayor Eric Adams received a donation of more than $21,000 shortly after he asked New York State Governor Kathy Hokul not to ban bitcoin mining.
The money was donated to the mayor by top executives at the real estate firm Newmark, including CEO Barry Gosin.
City Hall officials deny the bribery allegations, citing a planned fundraising event.
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2022-07-25 18:03:45+00:00
Cat staged a protest against bitcoin mining
A Twitter user told the story of how his cat shut down a bitcoin network node.
According to the user under the pseudonym Bodlhodler, he launched the node in early 2021 on a Raspberry Pi.
He hadn't checked the device for about a year, and recently it turned out that the node wasn't functioning. Pulling the computer out from behind the couch, he found that his cat had vomited on the enclosure, which caused the outage.
Bodlhodler believes that his cat Pablo was thus trying to sabotage the operation, apparently confusing the bitcoin node with the node of another useless dog shithole.
After cleaning the device, it returned to work and successfully connected to the network of the first cryptocurrency again.
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2022-07-25 17:13:22+00:00
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2022-07-25 13:03:50+00:00
Sweden favors steel production over bitcoin mining
The energy crisis continues, and it doesn't look like it will end anytime soon. Sweden has already come to terms with it and is changing its priorities. Steel production is now more important than bitcoin (BTC) mining.
Increased regulation of bitcoin due to lack of energy
This was reported by Bloomberg, who spoke with Swedish Energy Minister Khashayar Farmanbar.
“We need energy for more useful things than Bitcoin, to be honest,” Farmanbar said in an interview. “We are moving from a period of administration to an extreme expansion where our entire manufacturing industry is seeking to electrify.”
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2022-07-25 12:03:48+00:00
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2022-07-25 11:04:12+00:00
The U.S. is looking to change the Bill of Rights to guarantee people access to cryptocurrency
Some interesting news comes from the U.S., where the Republican Party is talking about amending the Bill of Rights. However, so far it is only about the state of Texas, where cryptocurrencies are comfortable. The new clause will enshrine the right to store personal wealth in digital form.
The document proposes to add several provisions to the text of the local constitution. One of the most notable changes concerns the use of cryptocurrencies. Apparently, the Republican Party wants to protect the region from a possible ban on digital assets by the federal government.
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2022-07-24 14:03:14+00:00
Terra co-founder's house raided
The Seoul South District Prosecutor's Office conducted several raids on exchanges and homes of major cryptocurrency players.
Police also raided the offices of his company, Chai Corp. and two of its subsidiaries.
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2022-07-24 11:03:09+00:00
Buterin talks about Ethereum updates
The EthCC conference ended in Paris. Ethereum co-founder Vitalik Buterin was among the speakers. As part of his speech, he shared news and his thoughts on the upcoming Ethereum "merger."
"At the end of this road map, ethereum will be a much more scalable system," said Buterin. "By the end, ethereum will be able to process 100,000 transactions per second.”
Also, in the roadmap, one of the important stages is "Merge," the long-awaited transition to Proof-of-Stake. According to Vitalik, it is more reliable and perfect, as well as less energy-consuming than Proof-of-Work.
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2022-07-23 18:03:18+00:00
U.S. senator calls for stricter regulation of cryptocurrencies in the country
Elizabeth Warren believes that Congress and the SEC should take an even tougher stance on the regulation of the cryptocurrency industry. This was reported by Yahoo Finance.
“Too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money," Warren said.
According to her position, regulators should care more about protecting investors and ensuring financial stability.
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2022-07-23 17:03:33+00:00
81% of people do not understand what cryptocurrency is.
According to statistics, 8/10 people hear this word combination for the first time. And without knowing it, they miss an opportunity to make a fortune.
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2022-07-23 14:04:29+00:00
How close are we to the end of the crypto-winter?
Analytical agency Gryscale published a report titled "Bear Markets in Perspective". In it, they analyzed in detail all the cycles of the cryptocurrency market to try to determine when the crypto-winter will end.
The starting point for the beginning of the bear phase is when the realized price falls below the market average. This figure is calculated by dividing the sum of all assets by their capitalization. This year, according to the agency, the phase began on June 13.
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2022-07-23 08:04:15+00:00
Total number of transactions on some blockchains
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2022-07-23 07:04:22+00:00
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2022-07-22 18:03:55+00:00
Stablecoin issuer USDC Circle will go public by the end of the year
Circle (USDC stablecoin provider) plans to go public by the end of the year.
In order to do that they will hold a merger with Concord Acquisition Corp. The new holding company will be listed on the New York Stock Exchange (NYSE) with an initial estimate of $4.5 billion. The shares of the new company will be listed under the acronym CRCL.
It should be noted that Circle first announced such plans last year, but the SEC regulator is delaying the process.
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2022-07-22 14:04:03+00:00
NFT Investors Increase "Skill" by Paying Close Media Attention to the Token Market
Dr. Sean Wilkoff and his colleague Serhat Iyldiz are assistant professors of business at the University of Nevada College of Business in Reno. Together with other experts, they analyzed the interaction between NFT technologies and the media.
As a result, it turned out that NFT does not suffer from the "baby diseases" of its big brother (the stock market). Broad media coverage provides investors with useful information. It teaches to analyze the situation and make the right decisions.
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2022-07-22 11:04:13+00:00
Kevin O'Leary predicts "total panic" in the cryptocurrency market
Shark Tank reality TV star Kevin O'Leary gave an exclusive comment to Cointelegraph regarding the current situation in the cryptocurrency market. He believes that the industry needs to "break through the bottom" before the next big rally, which will lead to "total panic" and an exodus of "weaklings and idiots."
According to O'Leary, the segment needs such a shake-up. The expert operates with the concept of a "really big failure," which often preceded the rise in other economic cycles in the cryptocurrency segment.
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2022-07-21 18:03:51+00:00
DeFi market is down 74%
Coingecko team presented its second quarter crypto market report. The biggest loser in this crypto winter was DeFi sector - its market capitalization fell by almost 75% in just 3 months.
The trigger for the crisis was the default of Terra and its stablecoin UST. This event caused a "domino effect" for the protocols that backed these assets. As a result, DeFi's market capitalization fell from $142 million to $36 million.
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2022-07-21 11:04:00+00:00
India's Central Bank is in favor of a complete ban on cryptocurrency
July 18, during a speech in Parliament, the head of the Ministry of Finance of India confirmed the plans of the Central Bank to completely ban cryptocurrency. Also, the head of the agency called on international partners to assist in the formation of a regulatory framework in this area.
The head of the Ministry of Finance commented on the situation as follows:
The Reserve Bank of India has expressed concerns about the “destabilizing effect of cryptocurrencies on the monetary and fiscal stability of a country”. While speaking about having legislation in this sector, Sitharaman added that “RBI is of the view that cryptocurrencies should be prohibited”.
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2022-07-20 18:04:30+00:00
Burn a billion: Shiba Inu sent 1.21 billion tokens to the furnace in a week
According to available data, the owners of the cryptocurrency Shiba Inu continue to burn "doggies". In just 7 days, over a billion SHIB were sent to special addresses through 104 transactions. In addition, 300 BONE (Bone Shiba Swap) - Shiba Inu control tokens - were destroyed.
The Shibburn platform is constantly monitoring the situation. It is noted that the owners of the dog cryptocurrency are not slowing down. This week, the biggest burners were 1CENT Token and Travis Johnson's SHIB Super Store. "1CENT Token" took the honorable second place in the mentioned ranking, losing the first position to Super Store.
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2022-07-20 17:43:53+00:00
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2022-07-20 15:03:19+00:00
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2022-07-20 11:03:25+00:00
Walken have launched breeding
M2E project Walken have released a new version of the app in which they have added breeding. With the new feature, which is available after the app update, users will be able to breed their CAThlete to get new ones.
Also, starting July 18, Walken introduced a new energy cooldown. Thanks to it, users will spend less time recovering their CAThlete's energy.
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2022-07-19 18:03:37+00:00
Coinbase received a license to operate in Italy
Cryptocurrency exchange Coinbase has received a license to provide its services in Italy.
Thanks to this, the company will be able to sell its products and services to its customers in this region, and cooperate with local regulators.
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2022-07-19 14:03:53+00:00
The Netherlands fined Binance for €3.3 million
Dutch Central Bank (DNB) published information on the case of Binance. The exchange is accused of illegal trading in digital assets on the national market. As a result, the company was fined €3.32 million.
Initially the fine was €2 million, but it was revised due to the large number of Binance customers in the Netherlands. The exchange, in turn, has already announced plans to prepare an appeal.
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2022-07-19 11:03:33+00:00
3AC founder sues his own company and demands $5 million
Su Zhu, co-founder of Three Arrows Capital, has put his name on the list of creditors who have sued the company. Su Zhu filed claims against his own company and demanded $5 million.
It was found by a Twitter user under the nickname Soldman Gachs, studying the list of creditors of the fund.
It is noteworthy that a meeting of creditors of Three Arrows Capital is to take place soon. Participants are actively discussing online whether Su Zhu will attend the meeting.
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2022-07-18 18:04:23+00:00
Premint was hacked
Premint representatives urged users not to sign any transactions, and not to participate in raffles, because the platform has been hacked. Currently, the team is working on a solution to the problem.
Also, to keep funds safe, users should manually unlink their wallet through the "Connected Sites" section, or use the Revoke service.
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2022-07-18 11:20:24+00:00
Andorra has passed a law on digital assets
The government and the General Council of Andorra have approved a law on digital assets. This will allow the state to launch its own token and create an environment with blockchain technology regulated.
The country's national newspaper Diari d'Andorra emphasized that the bill is a step towards making "cryptocurrencies an everyday reality."
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2022-07-18 05:53:47+00:00
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2022-07-17 18:05:51+00:00
Elon Musk May Lose Twitter Purchase Case Over Judge
The other day, a new key personage appeared in the case: Judge Caitlin McCormick. She was appointed to hear the case and immediately drew media attention. The fact is that the president of the Delaware Court of Chancery has a reputation as a "corporate hawk."
McCormick's record includes a high-profile case involving the purchase of DecoPac Holding Inc. The dispute between investor Kohlberg & Co LLC and the owners of said company is much like the situation with Ilon Musk and the social network Twitter. The buyer refused to close the deal, claiming funding problems.
The judge ruled in favor of DecoPac and forced investors to buy the firm for $550 million. She attributed her verdict to "confidence in the deal" and dismissed all of the defendant's arguments.
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2022-07-17 14:04:36+00:00
Brazil postponed cryptocurrency law until October 2022
Brazil's Senate, failing to reach consensus on a bill to regulate digital assets, will vote on an amended bill after the presidential election.
Brazil's congress has postponed consideration of a bill to regulate cryptocurrencies until October, when the presidential election is over, a source familiar with the matter told CoinDesk.
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2022-07-17 11:04:52+00:00
Bitcoin hash rate dropped 27% in 24 hours
Numerous large mining companies were forced to shut down equipment for technical reasons.
Miners in Texas shut down due to a sharp increase in demand for electricity amid a forty-degree heat wave. In addition, the windless weather does not allow to increase the supply of electricity by alternative energy sources.
Iranian miners cannot use the electricity supply as the authorities have restricted electricity consumption for cryptocurrency mining.
Bitcoin's hash rate dropped to 159.41 EH/s, the lowest in half a year. In the last 24 hours, it has dropped 27%.
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2022-07-16 18:05:29+00:00
Polygon made the list of participants in Disney Accelerator
Disney announced a list of companies to participate in Accelerator 2022, which included Polygon. Notably, this is the only company among the other participants, which is associated with the crypto industry.
Accelerator 2022, a program for companies and startups, which aims to support the development and implementation of new technologies. The funds allocated by Polygon will be used for the development of technologies in the Web 3 sphere.
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2022-07-16 14:06:30+00:00
The cost of mining 1 BTC dropped to $13,000
According to JPMorgan, the cost of mining 1 BTC has dropped from about $24,000 to $13,000. This is mainly due to miners installing more efficient equipment.
JPMorgan also noted that lower energy costs could have a negative impact on bitcoin price growth in the future. This is because the cost of mining costs is perceived by some investors as the lower end of the price range.
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2022-07-16 11:05:24+00:00
GameStop surpassed Coinbase by volume at NFT-marketplacees
GameStop's NFT marketplace, launched in beta, has managed to overtake Coinbase's NFT marketplace by volume. Notably, GameStop launched the platform two days ago, while Coinbase's marketplace has been up and running since about May.
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2022-07-15 18:14:28+00:00
Celo blockchain has stopped
The developers of the Celo blockchain said that the network has stopped at block 14,035,19. At the moment, validators are working to resolve the problem.
The team also stressed that all user funds are safe and promised to provide new details as soon as possible.
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2022-07-15 11:05:29+00:00
Twitter sued Elon Musk
After Elon Musk decided to refuse to buy Twitter, and after the company's claims of "wrongful withdrawal from the deal," the social network did sue him.
"Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away," the suit says.
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2022-07-14 18:44:14+00:00
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2022-07-14 18:04:59+00:00
NEAR Space - a unique space from NEAR for the EthCC conference
NEAR, especially for the annual EthCC conference, has created a space in downtown Paris - NEAR Space. It will host meetings between participants in the NEAR ecosystem, and those who are simply interested in it.
For three days of workshops and networking, attendees will be able to visit NEAR Space, located in front of Notre Dame de Paris, to exchange experiences and discuss new ideas with like-minded people.
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2022-07-14 11:04:26+00:00
Twitter called Elon Musk's withdrawal from the deal "improper."
Twitter said the company didn’t violate any of its obligations that were in the purchase agreement. Therefore, the company believes that Elon Musk's decision to terminate the deal is "invalid and wrongful."
At the same time, a representative of the social network emphasized in his letter that "as it has done, Twitter will continue to provide information reasonably requested by Mr. Musk under the Agreement and to diligently take all measures required to close the transaction."
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2022-07-14 10:13:46+00:00
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2022-07-13 18:05:23+00:00
GameStop launched a beta version of its NFT marketplace
GameStop introduced a beta version of its NFT-marketplace, which runs on PCs and mobile devices.
It only supports Ethereum blockchain for now. But the platform plans to integrate new features in the future, including blockchain games and support for other Ethereum protocols.
GameStop wallet, Metamask and other non-custodial wallets can be used to interact with the marketplace.
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2022-07-13 15:34:26+00:00
How to promote a crypto company in the red market?
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The guys have worked with over 500 clients in 4 years and are willing to share their experience individually.
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2022-07-13 14:03:56+00:00
BitMEX to postpone token launch
Derivative crypto exchange BitMEX, has postponed the launch of its own token BMEX. The postponement is due to unsuitable market conditions.
Recall that BitMEX announced plans to launch back in December 2021.
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2022-07-13 11:04:01+00:00
Three Arrrows Capital fund funder breaks silence after a month
A funder of the collapsed Three Arrrows Capital fund published his first tweet after a month of silence. In it, he said the fund's liquidators were "hounding" him and co-founder Kyle Davis, and ignoring their attempts to work with them in good faith.
Prior to that, attorneys for the creditors said the whereabouts of the foundation founders were unknown, and on a joint call to Zoom, questions were answered by their representatives.
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2022-07-12 14:04:41+00:00
Blockware: 10% of the world's population will be using bitcoin by 2030
Analysts have concluded that the global adoption of the first cryptocurrency is happening faster than the adoption of any other innovation in history. The price of the asset will follow the rise in popularity of BTC
10% of the population will use bitcoin by 2030, analysts at Blockware Solutions believe. The rate of growth in the cryptocurrency's popularity is going faster than the development of past innovations such as cars and electricity, according to the mining company's report.
Bitcoin is also benefiting from the network effect: Growth in adoption has been greatly accelerated by the internet. Bitcoin's value will follow its global spread, according to the report.
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2022-07-12 11:03:56+00:00
Marathon mining company reduced BTC mining by 44%
Marathon Digital Holdings mined 707 BTC during the second quarter of 2022. This result is 43.8% less than the first three months of the year. Mining of the first cryptocurrency began to decline in April. In turn, the worst month was June - 140 BTC.
The reason is the damage to the power plant in Hardin, which was hit by a hurricane. As well as the general deterioration of power supply to facilities in Texas.
So, not only the drop in the market, but also the banal lack of resources can reduce the profits of miners.
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2022-07-12 10:44:18+00:00
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2022-07-11 18:03:35+00:00
Justin Sun will bail out small cryptocurrency companies to the tune of $5 billion
Tron has joined Binance - not to be alone in this "samurai" journey😁
"I think the current de-leveraging process has gone through its worst period. So all we have to do is clean up and move on. Of course, I don't think the market will be super bullish," commented Sun.
The amount announced will include both San's personal funds and Tron's assets.
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2022-07-11 16:12:29+00:00
Customers will lose their assets if Coinbase goes bankrupt
Coinbase representatives said that in case of bankruptcy of the exchange, customers' funds will be used in bankruptcy proceedings.
Coinbase now has $256 billion in assets held by customers.
The company explained that if it comes to declaring bankruptcy, users will then act as unsecured creditors - that is, who have lent money to a borrower without any security on the loan - and will not have the right to demand any reimbursement.
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2022-07-10 18:03:19+00:00
Musk won't buy Twitter for $44 billion. Twitter is about to sue
Materials filed with the court by Musk's lawyers say that the company did not provide him with detailed information about the fake accounts that exist on the platform.
Twitter shares fell 6 percent on news of Musk's rejection of the deal, which was announced in April of this year.
The company's chairman, Bret Taylor, responded by saying the company plans to sue to enforce the merger agreement.
"The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery," Taylor wrote on Twitter.
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2022-07-10 16:22:31+00:00
Bitstamp to charge fees to inactive accounts
Bitstamp will be charging inactive customers a fee to offset the cost of the overall market decline.
The new "inactivity fee" will affect customers with balances below $200 who have not traded, deposited or bet on its platform in the past 12 months. The inactivity fee will charge such users €10.
"Keeping inactive accounts on the books is a cost, and in order for us to continue providing great services to all our customers, we made the hard decision to implement the inactivity fee."
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2022-07-10 10:52:14+00:00
As introduced and cancelled
Bitstamp is canceling the planned introduction of account inactivity fees.
Bitstamp acknowledged that "some customers were concerned" about the change and "chose to opt out of this innovation."
Preferring to opt out is putting it mildly, most of the comments on the topic on Twitter consist of outright hating and trolling of the exchange.
Now Bitstamp says it has completely abandoned its plans to charge for inaction because "listening to the wishes of their community is in their DNA."
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2022-07-10 07:33:31+00:00
Crypto Insider is on Telegram now!
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2022-07-09 18:03:37+00:00
Former Celsius partner accuses company of fraud
Sounds like the string of problems at Celsius doesn't end. Now, they will have to deal with former counterparties.
A New York company, KeuFi, has filed a lawsuit against Celsius. They accuse the service of market manipulation and lack of basic controls to protect customer accounts.
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2022-07-09 14:11:52+00:00
Cryptocurrency lender Porter Finance has halted its bond platform
Jordan Meyer, founder of Porter Finance, an Etherium-based lending platform, said in a blog post that the company has halted its bond project.
Meyer explained that he was "unsure" of the sufficient influx of credit demand for DeFi fixed-income instruments, such as those offered by the platform.
He argues that this has happened because of the competitive rates offered in traditional finance and the lack of institutional adoption of DeFi fixed-income over the past year.
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2022-07-09 11:12:03+00:00
Chinese court declares virtual currency payroll illegal
Beijing Daily has published details of a trial in the scandalous case of an illegal digital currency salary payment. Despite the fact, that all types of cryptocurrency transactions have been banned in China for almost a year, an employee at a local blockchain firm received his salary and bonuses in USDT (Tether). That’s a crypto, like stablecoins, and its price is pegged to the value of the dollar (1:1 exchange rate).
The employee sued the company and won. The employer was ordered to pay the plaintiff a total of more than 240,000 yuan (equivalent to $40000), in wages and bonuses. A Chinese court ruled that digital currencies cannot circulate in the market as a means of payment. All employers must pay their workers solely in the official currency, yuan.
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2022-07-09 05:22:47+00:00
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2022-07-08 18:12:18+00:00
Solana ecosystem is being sued for violating securities law
On July 1, a California district court accepted a class action lawsuit against Solana ecosystem, which includes several organizations. The platform is accused of violating the Securities Act and trading illegally.
According to Mark Young, a representative of the authors of the lawsuit, the creators of Solana had no right to position their currency as a derivative. At the same time, they not only promoted it in the market, but also made a profit as a result of actually illegal trading.
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2022-07-08 14:11:51+00:00
Cryptocurrency broker Voyager Digital filed for bankruptcy
Forbes announced that cryptocurrency broker Voyager Digital has filed for bankruptcy under Section 11 of the U.S. Internal Revenue Code. Much of the reason for this is the default of the Three Arrows Capital fund, unable to meet its obligations to a key creditor.
Apparently, even help from Alameda Research couldn't keep the crowdfunding site afloat. Voyager Difital failed to cope with market fluctuations and may well join the ranks of bankrupt cryptocurrency companies.
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2022-07-08 07:03:23+00:00
Polygon will turn the Nothing Phone smartphone into a WEB3 device
After Solana announced its own crypto-smartphone, blockchain's Polygon followed suit. They partnered with Nothing, a British smartphone maker. They have many plans ahead, but for now, they are starting with an NFT project.
The British startup announced an exclusive NFT collection on the Polygon blockchain. It will be launched on July 12. We are talking about membership NFTs for investors and developers who helped create the smartphone.
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2022-07-08 06:12:08+00:00
Satoshi Nakamoto told what will happen to Bitcoin!
The creator of Bitcoin told which cryptocurrencies should be invested in in the second half of 2022❗️🤯
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2022-07-07 18:03:39+00:00
A new malware appeared on YouTube - PennyWise
Last week Cyble announced that a new "infostealer" had appeared online. The malware, called PennyWise, is distributed via YouTube platform. The program aims to steal personal data from crypto-wallets.
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2022-07-07 11:11:02+00:00
EU plans to extend anti-money laundering standards to NFTs
Based on proposed legislative amendments, MEPs believe the DeFi sector and NFT venues should be subject to EU anti-money laundering (AML) laws.
💬"Developers, owners or operators should assess risks of money laundering and terrorist assessments before launching or using a software or platform and take appropriate measures in order to mitigate money laundering and terrorist financing risks in an ongoing and forward-looking manner," the MEPs said.
Things like this🤷
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2022-07-07 09:41:33+00:00
Dear followers, we open sales of ads on our channel now
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2022-07-06 18:11:16+00:00
Commissions in the BTC network are falling
The average commission indicator in the network of the first cryptocurrency keeps falling and manages to set new local lows. Currently, it stands at $1.17.
📉The last such case was recorded about two years ago.
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2022-07-06 14:12:01+00:00
According to Glassnode, the number of BTC wallets with a non-zero balance continues to grow steadily.
Analysts attribute this to the fact that many people who have never purchased the first cryptocurrency are willing to buy it at the current price.
Remember: everything is cyclical😉
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2022-07-06 11:11:12+00:00
Domain named 000.eth sold for 300 ETH
On July 3, an anonymous owner of 000.eth sold the address on the OpenSea Marketplace - the transaction amounted to 300 ETH (about $316,000).
The new owner's collection also includes Bored Ape Yacht Club #3553, purchased for 115 ETH a week ago.
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2022-07-06 06:22:29+00:00
Satoshi Nakamoto told what will happen to Bitcoin!
The creator of Bitcoin told which cryptocurrencies should be invested in in the second half of 2022❗️🤯
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2022-07-05 18:11:08+00:00
Coinbase announced plans to expand in Europe
Coinbase already owns offices in Germany, the United Kingdom and Ireland, but the company is preparing to open new ones in the Netherlands, France, Spain and Italy.
In a statement, the company said:
"During market downturns, the temptation can be to shy away from international expansion. We first entered the UK and EU during the bear market in 2015, a move that paid off significantly during the bull run a few years from then. We’ll keep building around the world, and doing everything we can to grow the cryptoeconomy."
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2022-07-05 11:11:47+00:00
Meta digital wallet didn't last a year
Everyone's well-known company has abandoned the full-scale launch of the Novi digital wallet - the project will be closed after the completion of pilot testing on September 1, 2022.
And now, attention, some important information for those who had something in this wallet.
Starting July 21, users will lose the ability to recharge their balances, and in September the Novi app, and its service on WhatsApp will cease to work.
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2022-07-05 04:31:32+00:00
— here you can purchase NFT for a dollar and never work again🙃
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2022-07-04 18:10:56+00:00
OpenSea co-founder to step down
The co-founder of the NFT-marketplace OpenSea Alex Atallah said that he plans to leave his position. However, he stressed that he leaves his co-founder's position, not the project's board of directors.
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2022-07-04 14:11:08+00:00
Prometeus Labs rebrands and launches new products
Prometeus Labs, which originally operated as a data trading exchange, is moving into the Web3 realm and changing its name to PROM. In the release, they are presenting themselves as a "guide to the world of gaming."
Prom will operate as a single point of access to the gaming ecosystem and NFT. There will be:
- virtual land rentals and mortgages;
- NFT marketplace;
- asset management tools (storage, farming, staking);
- a training section.
The first version of the new product will be released next month, and later the developers promise to launch DEX, where there will be trading of items from the metaverse.
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2022-07-04 07:21:19+00:00
Celsius plans to lay off a quarter of its employees
Following other companies, cryptocurrency lender Celsius will fire 150 of its employees, which is almost a quarter of the total staff. This is due to the fact that the company is experiencing financial difficulties due to solvency problems.
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2022-07-04 06:31:14+00:00
Revolution in the world of NFT:
Finally, some real art, not just pics!
Pro artists embraced the development of the mysterious project, which embodies genuine art, and creates the next level of NFT.
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2022-07-03 18:10:14+00:00
Since November 2021, the number of bitcoin millionaires has dropped by 75%
And if we give a specific number instead of percentages, it becomes even scary.
In six months, 82,602 bitcoin millionaires have lost their status as a result of the negative dynamics of the first cryptocurrency.
At the time BTC ATH reached $69,000 - there were 108,886 bitcoin millionaire addresses.
You can count for yourself, how many of them there are now🙃
Also there are much less whales (wallets with value more than $10 million) - from 10,587 to 4,342 addresses.
But, at the same time, the number of wallets with at least 1 BTC increased significantly. Their number increased by more than 13,000☝🏻
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2022-07-03 18:00:40+00:00
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2022-07-03 14:10:48+00:00
UPD: BlockFI CEO refutes CNBC statement
CEO of BlockFI, in his Twitter, urged users not to believe rumors and trust only statements of the company.
"Lots of market rumors out there - I can 100% confirm that we aren't being sold for $25 million," he stressed.
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2022-07-03 13:01:15+00:00
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2022-07-03 11:20:58+00:00
EU to create new supervisory body
The European Council has reached consensus on a policy to combat money laundering. The authorities have agreed on the need for a separate supervisory agency, and have worked on the basis of the regulatory framework.
With this decision, the Council initiated the process of creating a new supervisory body, AMLA. The agency will oversee "high-risk and cross-border financial institutions," including providers of cryptocurrency services.
In practice, this means that transaction controls will be tighter. Operators are now required to provide all the details of the parties to the transaction, but only if the money is transferred between organizations.
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2022-07-02 18:10:33+00:00
FTX backed out of deal with Celsius
The Block, citing its own sources, states that FTX was keen on striking a deal with Celsius, but rejected it due to the cryptocurrency lender's financial situation.
According to the source, Celsius had a $2 billion "hole" in its balance sheet, causing the exchange to back out of the deal.
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2022-07-02 14:10:25+00:00
Grayscale challenges SEC rejection of its bitcoin spot ETF
The Securities and Exchange Commission (SEC) disapproved Grayscale's application to convert its trust fund and spot ETFs.
In response, Grayscale is preparing a lawsuit to challenge the regulator's decision. The fund has a team of experienced lawyers on its team, including attorneys Davis Polk & Wardwell and former Obama administration consultant Donald B. Verrilli.
Nearly 11,500 organizations, including investors and industry associations, supported the idea with the fund. They submitted letters to the SEC on behalf of Grayscale in support of the project.
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2022-07-02 11:10:31+00:00
Spot bitcoin-ETF to launch on Euronext Amsterdam Exchange
In July, Jacobi spot bitcoin-ETF will begin trading on the Euronext Amsterdam Exchange under the ticker BCOIN. The product is positioned as the first spot bitcoin-ETF launched in Europe.
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2022-07-02 04:00:50+00:00
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2022-07-01 18:10:15+00:00
Singapore Monetary Authority has reprimanded Three Arrows Capital
The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital, for providing false information and exceeding the asset under management threshold allowed for a registered fund management company.
Against the backdrop of recent developments that cast doubt on the fund's solvency, MAS will examine whether Three Arrows Capital violated the rules of the Monetary Authority.
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2022-07-01 14:11:29+00:00
SBF predicts collapse of some exchanges
The CEO of FTX Sam Bankman-Fried (SBF) said that some exchanges may soon collapse. The reason is that these companies have already lost solvency, but just keep quiet about it.
Sam also stated that he has full confidence in USDT, despite the fact that some are spreading FUD about the unsustainability of Stablecoin.
"I think that the really bearish views on Tether are wrong…I don't think there is any evidence to support them,” he stressed.
Many have also begun to compare Sam to JPMorgan. The fact is that during the crash of 1907, JPMorgan was buying out some companies to save the economy and expand its influence. Now Sam is doing the same thing, buying stock exchanges and sponsoring cryptocurrencies.
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2022-07-01 11:11:41+00:00
British Virgin Islands court intends to liquidate Three Arrows Capital
Sky News reports that the British Virgin Islands court decided to liquidate insolvent crypto-fund Three Arrows Capital.
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