🏦 Putin Calls For Blockchain-based Payment System
President Putin said the new system would be independent of banks and third-party interference. He suggested creating a system based on digital currency and blockchain technology. The President made this statement at a Sberbank-organized artificial intelligence conference. In his speech, Putin disclosed that international settlements are now threatened following the tense relations between Russia and the Western superpowers. 🔗 Read more
President Putin said the new system would be independent of banks and third-party interference. He suggested creating a system based on digital currency and blockchain technology. The President made this statement at a Sberbank-organized artificial intelligence conference. In his speech, Putin disclosed that international settlements are now threatened following the tense relations between Russia and the Western superpowers. 🔗 Read more
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📨 FTX-backed DEX Serum calls itself Defunct
Serum, a decentralized crypto exchange backed by FTX, notified its 215,000 Twitter followers the project is “defunct” after the crypto exchange giant's sudden collapse — while pointing users towards a community-led fork of the project. "The Serum program on mainnet became defunct" following FTX's implosion, Serum tweeted. "As upgrade authority is held by FTX, security is in jeopardy, leading to protocols like Jupiter and Radium moving away,” it added, referring to two DeFi projects on the Solana blockchain. 🔗 Read more
Serum, a decentralized crypto exchange backed by FTX, notified its 215,000 Twitter followers the project is “defunct” after the crypto exchange giant's sudden collapse — while pointing users towards a community-led fork of the project. "The Serum program on mainnet became defunct" following FTX's implosion, Serum tweeted. "As upgrade authority is held by FTX, security is in jeopardy, leading to protocols like Jupiter and Radium moving away,” it added, referring to two DeFi projects on the Solana blockchain. 🔗 Read more
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👜 Coinbase Wallet to End Support for BCH, ETC, XRP & XLM
Coinbase says that "Coinbase Wallet", which is its self-custody crypto wallet app, will be dropping support for four major crypto assets - $XRP, $XLM, $ETC, and $BCH - from 5 December 2022. According to the notice posted in the help section of the Coinbase website, Coinbase Wallet will be dropping the aforementioned crypto assets due to “low usage.” 🔗 Read more
Coinbase says that "Coinbase Wallet", which is its self-custody crypto wallet app, will be dropping support for four major crypto assets - $XRP, $XLM, $ETC, and $BCH - from 5 December 2022. According to the notice posted in the help section of the Coinbase website, Coinbase Wallet will be dropping the aforementioned crypto assets due to “low usage.” 🔗 Read more
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💱 Telegram sells Usernames worth $50M on Fragment
In slightly less than one month, Telegram has sold $50 million usernames on The Open Network, a blockchain that the company developed, Telegram founder and CEO Pavel Durov claimed. Last month, Telegram in October gave users the ability to buy usernames for its app via a blockchain-based platform called Fragment. The platform lets interested parties buy available usernames and secure ownership on its "The Open Network" blockchain, known as TON. 🔗 Read more
In slightly less than one month, Telegram has sold $50 million usernames on The Open Network, a blockchain that the company developed, Telegram founder and CEO Pavel Durov claimed. Last month, Telegram in October gave users the ability to buy usernames for its app via a blockchain-based platform called Fragment. The platform lets interested parties buy available usernames and secure ownership on its "The Open Network" blockchain, known as TON. 🔗 Read more
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🪨 BlackRock CEO Says ‘Next Generation for Markets’ Is Tokenization
BlackRock CEO Larry Fink said that "the next generation for markets, the next generation for securities, will be tokenization of securities." In the world of blockchain, tokenization refers to a process where a digital representation of an asset is created on a blockchain, authenticating its transaction and ownership history. BlackRock joins a growing number of firms backing the tokenization of securities, despite the CEO’s wider crypto cynicism. 🔗 Read more
BlackRock CEO Larry Fink said that "the next generation for markets, the next generation for securities, will be tokenization of securities." In the world of blockchain, tokenization refers to a process where a digital representation of an asset is created on a blockchain, authenticating its transaction and ownership history. BlackRock joins a growing number of firms backing the tokenization of securities, despite the CEO’s wider crypto cynicism. 🔗 Read more
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🇷🇺 Russian Banking Giant Sber Adds Ethereum And MetaMask Support
Russia’s largest bank Sber has announced support for Ethereum and MetaMask on its proprietary blockchain. The announcement was made during the first international meeting of participants in the corporate blockchain industry – organized by Sber Blockchain Laboratory. The new functionality brings smart contracts and decentralized finance (DeFi) capability to Sber bank’s open proprietorship blockchain. 🔗 Read more
Russia’s largest bank Sber has announced support for Ethereum and MetaMask on its proprietary blockchain. The announcement was made during the first international meeting of participants in the corporate blockchain industry – organized by Sber Blockchain Laboratory. The new functionality brings smart contracts and decentralized finance (DeFi) capability to Sber bank’s open proprietorship blockchain. 🔗 Read more
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📰 This Week In Crypto (48)
1. Banking Giant Sber Adds MetaMask Support
2. Kraken laying off 30% of their staff
3. BlockFi filing for bankruptcy
4. DEX Serum Defunct
5. Putin Calls For Blockchain Payment System
CW47 (last week)
1. Banking Giant Sber Adds MetaMask Support
2. Kraken laying off 30% of their staff
3. BlockFi filing for bankruptcy
4. DEX Serum Defunct
5. Putin Calls For Blockchain Payment System
CW47 (last week)
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🖥 Vitalik Urges People to Focus on Tech Instead of Price
As the cryptocurrency bear market continues to rage on, Ethereum co-founder Vitalik Buterin has opined that the cryptocurrency community should focus on the tech and application system instead of cryptocurrency prices. Being in it for the tech is a “significant and positive” cultural pivot compared to being in it for the sake of potential financial gains. In February, Buterin said that cryptocurrency builders would welcome a new bear market. Surging crypto prices attract massive amounts of attention in a bull market, with greed and rampant speculation taking the driver’s seat. As soon as prices crash, speculators tend to abandon the market, and builders are the ones who typically remain during harsh times. 🔗 Read more
As the cryptocurrency bear market continues to rage on, Ethereum co-founder Vitalik Buterin has opined that the cryptocurrency community should focus on the tech and application system instead of cryptocurrency prices. Being in it for the tech is a “significant and positive” cultural pivot compared to being in it for the sake of potential financial gains. In February, Buterin said that cryptocurrency builders would welcome a new bear market. Surging crypto prices attract massive amounts of attention in a bull market, with greed and rampant speculation taking the driver’s seat. As soon as prices crash, speculators tend to abandon the market, and builders are the ones who typically remain during harsh times. 🔗 Read more
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💱 Elon Musk Will Bringing Crypto to Twitter
The addition of crypto payments would be a natural fit for Twitter, according to the company’s new CEO Elon Musk. In a new Twitter Spaces hosted by Mario Nawfal, Musk talks about his vision for the future of the social media powerhouse, including the ability to transact in both digital and traditional currencies: “WeChat has a lot of functionality that Twitter should have. It’s kind of a no brainer for Twitter to have payments, both fiat currency and crypto, and to make that easy and simple for people to use.” 🔗 Read more
The addition of crypto payments would be a natural fit for Twitter, according to the company’s new CEO Elon Musk. In a new Twitter Spaces hosted by Mario Nawfal, Musk talks about his vision for the future of the social media powerhouse, including the ability to transact in both digital and traditional currencies: “WeChat has a lot of functionality that Twitter should have. It’s kind of a no brainer for Twitter to have payments, both fiat currency and crypto, and to make that easy and simple for people to use.” 🔗 Read more
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🎭 MetaMask intends to store user data for "only" 7 days
Blockchain software company ConsenSys, who develops MetaMask, clarified that it plans to "only" store and retain user IP addresses and wallet data for up to seven days. This is an attempt to reassure users that their personal information is being handled securely, after it saw a backlash when it first said it was collecting such data. “We retain and delete user data such as IP address and wallet address pursuant to our data retention policy. We are working on narrowing retention to 7 days and we will append these retention policies to our privacy policy in an upcoming update,” it said in a statement. 🔗 Read more
Blockchain software company ConsenSys, who develops MetaMask, clarified that it plans to "only" store and retain user IP addresses and wallet data for up to seven days. This is an attempt to reassure users that their personal information is being handled securely, after it saw a backlash when it first said it was collecting such data. “We retain and delete user data such as IP address and wallet address pursuant to our data retention policy. We are working on narrowing retention to 7 days and we will append these retention policies to our privacy policy in an upcoming update,” it said in a statement. 🔗 Read more
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⚖️ MicroStrategy’s Saylor Says XRP Is A Security
Michael Saylor has said that XRP is a security, noting that the cryptocurrency falls under the jurisdiction of the U.S. Securities and Exchange Commission. “XRP is an unregistered security,” Saylor said when asked about his thoughts on the embattled cryptocurrency. “It’s pretty obvious. There’s a company. The company owns a bunch of it, they sell it to the general public, but they never took the company public, there is no disclosures. So the SEC position is you’re selling an unregistered security,” he added. Saylor went on to argue that except Bitcoin, which did not have a known creator, all other cryptocurrencies fulfilled the threshold of an investment contract. 🔗 Read more
Michael Saylor has said that XRP is a security, noting that the cryptocurrency falls under the jurisdiction of the U.S. Securities and Exchange Commission. “XRP is an unregistered security,” Saylor said when asked about his thoughts on the embattled cryptocurrency. “It’s pretty obvious. There’s a company. The company owns a bunch of it, they sell it to the general public, but they never took the company public, there is no disclosures. So the SEC position is you’re selling an unregistered security,” he added. Saylor went on to argue that except Bitcoin, which did not have a known creator, all other cryptocurrencies fulfilled the threshold of an investment contract. 🔗 Read more
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⚔️ Coinbase Urges Customers to Ditch Tether
America’s largest crypto exchange, Coinbase, doesn’t want its customers to use the Tether stablecoin. It’s instead offering incentives on its own stablecoin, USDC. In a company blog post on Dec. 8, Coinbase urged its customers to “switch to the trusted and reputable digital dollar: USDC.” It added that USDC is one of the most trusted and reputable stablecoins, fully backed with “high-quality reserves.” The move was a shot at rival stablecoin Tether, which remains the market leader. 🔗 Read more
America’s largest crypto exchange, Coinbase, doesn’t want its customers to use the Tether stablecoin. It’s instead offering incentives on its own stablecoin, USDC. In a company blog post on Dec. 8, Coinbase urged its customers to “switch to the trusted and reputable digital dollar: USDC.” It added that USDC is one of the most trusted and reputable stablecoins, fully backed with “high-quality reserves.” The move was a shot at rival stablecoin Tether, which remains the market leader. 🔗 Read more
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🏦 Crypto.com releases Proof of Reserves
Crypto.com has released an audited proof-of-reserves page, showing that the exchange has enough crypto assets to back its liabilities to customers, according to a Dec. 9 statement on the exchange’s website. The new page shows that Crypto.com has 102% of the Bitcoin , 101% of the Ether and 102% of the USD Coin needed to process withdrawals. 🔗 Read more
Crypto.com has released an audited proof-of-reserves page, showing that the exchange has enough crypto assets to back its liabilities to customers, according to a Dec. 9 statement on the exchange’s website. The new page shows that Crypto.com has 102% of the Bitcoin , 101% of the Ether and 102% of the USD Coin needed to process withdrawals. 🔗 Read more
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📰 This Week In Crypto (49)
1. Goldman Sachs buying crypto firms
2. Circle cancels plans to go public
3. Bybit announcing new layoffs
4. Nexo exiting the US
5. More FTX drama
CW48 (last week)
1. Goldman Sachs buying crypto firms
2. Circle cancels plans to go public
3. Bybit announcing new layoffs
4. Nexo exiting the US
5. More FTX drama
CW48 (last week)
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🤡 SBF Remains Unfazed By Jail Time And Even Plans New Business "To Help" The World
Crypto’s public enemy number one, Sam Bankman-Fried (SBF), appears unfazed about potential jail time. Furthermore, he plans to start a new business to raise funds for FTX victims. Former FTX CEO SBF has been on a media spree recently. According to the BBC, he said he was going to try to start a new business from a luxury apartment in the Bahamas. “I would give anything to be able to do that. And I’m going to try if I can,” he told the outlet over the weekend. 🔗 Read more
Crypto’s public enemy number one, Sam Bankman-Fried (SBF), appears unfazed about potential jail time. Furthermore, he plans to start a new business to raise funds for FTX victims. Former FTX CEO SBF has been on a media spree recently. According to the BBC, he said he was going to try to start a new business from a luxury apartment in the Bahamas. “I would give anything to be able to do that. And I’m going to try if I can,” he told the outlet over the weekend. 🔗 Read more
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🚨 Breaking: SBF arrested, set to be extradited to US
Royal Bahamas police have arrested SBF at the request of the U.S. government, based on a sealed indictment. Sam Bankman-Fried has been arrested by authorities in the Bahamas at the request of the U.S. government, just a day before the disgraced former FTX CEO was due to testify before Congress. 🔗 Read more
Royal Bahamas police have arrested SBF at the request of the U.S. government, based on a sealed indictment. Sam Bankman-Fried has been arrested by authorities in the Bahamas at the request of the U.S. government, just a day before the disgraced former FTX CEO was due to testify before Congress. 🔗 Read more
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💣 Crypto community members discuss bank run on Binance
Within the past 24 hours, cryptocurrency exchange Binance has seen outflows of over $1.14 billion due to rising FUD within the crypto ecosystem. According to Binance CEO Changpeng “CZ” Zhao, the exchange has seen this before, and he believes “it is a good idea to ‘stress test withdrawals’ on each CEX [centralized exchange] on a rotating basis”. This comes a month after CZ triggered a bank run on FTX, which led to liquidity issues and its eventual collapse. 🔗 Read more
Within the past 24 hours, cryptocurrency exchange Binance has seen outflows of over $1.14 billion due to rising FUD within the crypto ecosystem. According to Binance CEO Changpeng “CZ” Zhao, the exchange has seen this before, and he believes “it is a good idea to ‘stress test withdrawals’ on each CEX [centralized exchange] on a rotating basis”. This comes a month after CZ triggered a bank run on FTX, which led to liquidity issues and its eventual collapse. 🔗 Read more
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🦊 MetaMask Mobile Users Can Now Buy ETH Using PayPal
ConsenSys announced a new on-ramp to Ethereum via a feature to integrate PayPal purchases of ether on MetaMask’s mobile app, with a browser integration targeting the first quarter of 2023. The mobile MetaMask app wallet developer plans to enable a select number of US users to fund their wallets with ether (ETH) by transferring ETH they hold on PayPal or by purchasing the cryptoasset using Paypal-linked bank accounts. Eligibility will be increased to all US customers “in the coming weeks” ConsenSys said in a blog post. 🔗 Read more
ConsenSys announced a new on-ramp to Ethereum via a feature to integrate PayPal purchases of ether on MetaMask’s mobile app, with a browser integration targeting the first quarter of 2023. The mobile MetaMask app wallet developer plans to enable a select number of US users to fund their wallets with ether (ETH) by transferring ETH they hold on PayPal or by purchasing the cryptoasset using Paypal-linked bank accounts. Eligibility will be increased to all US customers “in the coming weeks” ConsenSys said in a blog post. 🔗 Read more
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🃏 Donald Trump unveils NFT Trading Card Collection
Donald Trump, the former U.S. president long-known for releasing branded products, has added another to the list: an NFT collection. The so-called Donald Trump Digital Trading Card collection was unveiled on Trump's Truth Social account. The cards are selling for "only $99!" apiece, according to the collection's website. A sweepstakes associated with the collection launch offers prizes like a 1-on-1 Zoom call or one hour of golf with Trump. 🔗 Read more
Donald Trump, the former U.S. president long-known for releasing branded products, has added another to the list: an NFT collection. The so-called Donald Trump Digital Trading Card collection was unveiled on Trump's Truth Social account. The cards are selling for "only $99!" apiece, according to the collection's website. A sweepstakes associated with the collection launch offers prizes like a 1-on-1 Zoom call or one hour of golf with Trump. 🔗 Read more
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📰 This Week In Crypto (50)
1. SBF getting arrested
2. Do Kwon reportedly located in Serbia
3. Binance’s FUD continues
4. Donald Trump's NFT sold out
5. Binance processed $6B withdrawals in 24h
CW49 (last week)
1. SBF getting arrested
2. Do Kwon reportedly located in Serbia
3. Binance’s FUD continues
4. Donald Trump's NFT sold out
5. Binance processed $6B withdrawals in 24h
CW49 (last week)
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