🏆 Breaking: Binance.US wins bid to acquire Voyager assets
The defunct crypto platform – Voyager – announced that Binance.US has won the bid to acquire its assets. The crypto platform stated that Binance.US was also its “highest and best bid”. The deal was worth nearly $1.022 billion, and it “aims to return crypto to customers”. Notably, the bid was initially won by FTX US, but the deal fell through after the crypto exchange‘s recent collapse. 🔗 Read more
The defunct crypto platform – Voyager – announced that Binance.US has won the bid to acquire its assets. The crypto platform stated that Binance.US was also its “highest and best bid”. The deal was worth nearly $1.022 billion, and it “aims to return crypto to customers”. Notably, the bid was initially won by FTX US, but the deal fell through after the crypto exchange‘s recent collapse. 🔗 Read more
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💳 Visa Proposes Automatic Payments System for Ethereum
Visa has announced a proposal to enable Ethereum holders to set up programmable payments from their own self-custodial wallets. Furthermore, the concept would eliminate banks and centralized third parties from the transactions. Automatic payments have been easy to set up on regular bank accounts. However, the bank ultimately controls the system and the funds being transferred. Visa is venturing into the realms of self-custodied crypto, and it is starting with the industry standard—Ethereum. 🔗 Read more
Visa has announced a proposal to enable Ethereum holders to set up programmable payments from their own self-custodial wallets. Furthermore, the concept would eliminate banks and centralized third parties from the transactions. Automatic payments have been easy to set up on regular bank accounts. However, the bank ultimately controls the system and the funds being transferred. Visa is venturing into the realms of self-custodied crypto, and it is starting with the industry standard—Ethereum. 🔗 Read more
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🇧🇷 Brazilian President Signs Bill Regulating Use Of Bitcoin As Payment
Brazilian President Jair Bolsonaro signed a bill into law that establishes a complete regulatory framework for the trading and use of bitcoin in the country, according to the federal government’s official journal (DOU). President Bolsonaro enacted the bill approved by Congress without any modifications. As previously reported, the new rules recognize bitcoin as a digital representation of value that can be used as a means of payment and as an investment asset in the South American nation. A virtual asset is "a digital representation of value that can be negotiated or transferred electronically and used for payments or as an investment," per the bill’s text. 🔗 Read more
Brazilian President Jair Bolsonaro signed a bill into law that establishes a complete regulatory framework for the trading and use of bitcoin in the country, according to the federal government’s official journal (DOU). President Bolsonaro enacted the bill approved by Congress without any modifications. As previously reported, the new rules recognize bitcoin as a digital representation of value that can be used as a means of payment and as an investment asset in the South American nation. A virtual asset is "a digital representation of value that can be negotiated or transferred electronically and used for payments or as an investment," per the bill’s text. 🔗 Read more
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⚠️ SBF Released on $250M Bond
A federal judge agreed to release former FTX CEO Sam Bankman-Fried after he appeared in U.S. federal court in New York on Thursday on charges that he was the mastermind behind the fraud and illicit movement of customer funds inside his former crypto empire. The judge set bail at $250 million. 🔗 Read more
A federal judge agreed to release former FTX CEO Sam Bankman-Fried after he appeared in U.S. federal court in New York on Thursday on charges that he was the mastermind behind the fraud and illicit movement of customer funds inside his former crypto empire. The judge set bail at $250 million. 🔗 Read more
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📰 This Week In Crypto (51)
1. SBF sent home
2. FTX heads plead guilty
3. Binance gets Voyager assets
4. Manchester United Launches NFT
5. OneCoin Co-Founder pleads guilty
CW50 (last week)
1. SBF sent home
2. FTX heads plead guilty
3. Binance gets Voyager assets
4. Manchester United Launches NFT
5. OneCoin Co-Founder pleads guilty
CW50 (last week)
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And Merry Christmas to all!🌲
Thank you for your support over the past years ❤️
Thank you for your support over the past years ❤️
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⛏ ICYMI: Bitcoin Hashrate Dropped 35%
Bitcoin hashrate fell by 35% in 24 hours as several miners in the US powered off their machines due to the harsh winter storms in the country. According to BTC.com, the hashrate fell to 156 EH/s on December 24. In the 14 days before that, the average hashrate was 237 EH/s. But in the last 48 hours, the hashrate already increased back to 230 EH/s. 🔗 Read more
Bitcoin hashrate fell by 35% in 24 hours as several miners in the US powered off their machines due to the harsh winter storms in the country. According to BTC.com, the hashrate fell to 156 EH/s on December 24. In the 14 days before that, the average hashrate was 237 EH/s. But in the last 48 hours, the hashrate already increased back to 230 EH/s. 🔗 Read more
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🇷🇺 Russia's largest bank issued gold-backed digital financial assets
Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments amid dedollarization. On Dec. 26, Sber published the news about its first issue of gold-backed DFAs. A diversified metals seller and manufacturer, Solfer, became the first investor to obtain the issued assets. Gold-backed DFAs represent certifying monetary rights, whose price and volume depend on gold prices. 🔗 Read more
Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments amid dedollarization. On Dec. 26, Sber published the news about its first issue of gold-backed DFAs. A diversified metals seller and manufacturer, Solfer, became the first investor to obtain the issued assets. Gold-backed DFAs represent certifying monetary rights, whose price and volume depend on gold prices. 🔗 Read more
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⚠️ Kevin O’Leary’s Twitter gets hacked, starts promoting crypto scams
It seems that the Twitter account of Kevin O’Leary, the star of the television program “Shark Tank,” has been hacked by scammers who are pushing a giveaway of both Bitcoin (BTC) and Ethereum (ETH). Indeed, on December 29, the account pinned a tweet about a supposed giveaway and instructed followers to “click on the picture to join the event.” In a succession of tweets, the TV personality’s followers started to get suspicious due to the volume of tweets and the syntax used. 🔗 Read more
It seems that the Twitter account of Kevin O’Leary, the star of the television program “Shark Tank,” has been hacked by scammers who are pushing a giveaway of both Bitcoin (BTC) and Ethereum (ETH). Indeed, on December 29, the account pinned a tweet about a supposed giveaway and instructed followers to “click on the picture to join the event.” In a succession of tweets, the TV personality’s followers started to get suspicious due to the volume of tweets and the syntax used. 🔗 Read more
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💣 The biggest Crypto Hacks of 2022
In 2022, malicious hackers used increasingly advanced tactics to exploit weaknesses in decentralized apps. The total value of assets lost to crypto hacks this year was a record $3 billion, according to security analysts. Here are the largest crypto hacks of 2022 — and went wrong leading up to each attack. 🔗 Read more
In 2022, malicious hackers used increasingly advanced tactics to exploit weaknesses in decentralized apps. The total value of assets lost to crypto hacks this year was a record $3 billion, according to security analysts. Here are the largest crypto hacks of 2022 — and went wrong leading up to each attack. 🔗 Read more
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Happy New Year, crypto fam! May your portfolio be bullish, your transactions be swift, and your HODL game be strong. Let's make it a great year for all things digital and decentralized! 🚀
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📰 This Week In Crypto (52)
1. SBF to enter plea deal
2. Mango’s exploiter arrested
3. Kraken quits services in Japan
4. Kevin O’Leary’s Twitter hacked
5. Sber issued gold-backed digital financial assets
CW51 (last week)
1. SBF to enter plea deal
2. Mango’s exploiter arrested
3. Kraken quits services in Japan
4. Kevin O’Leary’s Twitter hacked
5. Sber issued gold-backed digital financial assets
CW51 (last week)
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🎭 O.G. Bitcoin Developer Has All of His BTC Holdings Stolen
Luke Dashjr, one of the early developers in Bitcoin’s history, announced on Twitter today that his PGP key had been compromised and his bitcoins have been stolen. The amount of bitcoin lost is still unknown, but a significant portion seems to have been transferred to 1YAR6opJCfDjBNdn5bV8b5Mcu84tv92fa via the CoinJoin mixing service, according to Dashjr. 🔗 Read more
Luke Dashjr, one of the early developers in Bitcoin’s history, announced on Twitter today that his PGP key had been compromised and his bitcoins have been stolen. The amount of bitcoin lost is still unknown, but a significant portion seems to have been transferred to 1YAR6opJCfDjBNdn5bV8b5Mcu84tv92fa via the CoinJoin mixing service, according to Dashjr. 🔗 Read more
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🤯 Sam Bankman-Fried pleads not guilty in FTX fraud case
Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecutors have called an "epic" fraud. He entered his plea in Manhattan federal court where he faces eight criminal counts, including wire fraud and money laundering conspiracy. The 30-year-old ex-mogul is accused of looting FTX customers' deposits to support his Alameda Research hedge fund, buy real estate and donate millions of dollars to political causes. 🔗 Read more
Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecutors have called an "epic" fraud. He entered his plea in Manhattan federal court where he faces eight criminal counts, including wire fraud and money laundering conspiracy. The 30-year-old ex-mogul is accused of looting FTX customers' deposits to support his Alameda Research hedge fund, buy real estate and donate millions of dollars to political causes. 🔗 Read more
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🛍 Crypto payments volume in eCommerce climbs over 60% in 2022
Despite markets now suffering a severe correction, the number of retailers who are willing to accept cryptocurrency payments continues to rise with a steady increase in the volume of crypto purchases made online in the eCommerce sector. Every year, the most popular argument given by retailers for accepting cryptocurrency payments is the same: improved access to services for consumers who are unbanked or concerned about their privacy, which eventually results in increased sales. 🔗 Read more
Despite markets now suffering a severe correction, the number of retailers who are willing to accept cryptocurrency payments continues to rise with a steady increase in the volume of crypto purchases made online in the eCommerce sector. Every year, the most popular argument given by retailers for accepting cryptocurrency payments is the same: improved access to services for consumers who are unbanked or concerned about their privacy, which eventually results in increased sales. 🔗 Read more
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👀 Morgan Stanley now holds bitcoin on behalf of their fund customers
The Morgan Stanley Europe Opportunity Fund revealed in a filing it bought $3.6 million worth of GBTC, that being the Grayscale Bitcoin Trust that holds actual spot bitcoin. “The Fund may, consistent with its principal investment strategies, invest up to 25% of its total assets in a wholly-owned subsidiary of the Fund,” it says, adding: “The Subsidiary may invest in bitcoin indirectly through cash settled futures or indirectly through investments in Grayscale Bitcoin Trust (BTC) (“GBTC”), a privately offered investment vehicle that invests in bitcoin.” 🔗 Read more
The Morgan Stanley Europe Opportunity Fund revealed in a filing it bought $3.6 million worth of GBTC, that being the Grayscale Bitcoin Trust that holds actual spot bitcoin. “The Fund may, consistent with its principal investment strategies, invest up to 25% of its total assets in a wholly-owned subsidiary of the Fund,” it says, adding: “The Subsidiary may invest in bitcoin indirectly through cash settled futures or indirectly through investments in Grayscale Bitcoin Trust (BTC) (“GBTC”), a privately offered investment vehicle that invests in bitcoin.” 🔗 Read more
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💳 Polygon (MATIC) Partners With Mastercard to Launch Web3-Focused Incubator
Yesterday, payments giant Mastercard announced at CES 2023 that via a partnership with blockchain startup Polygon it is launching a Web3-focused incubator to help artists. Raja Rajamannar, chief marketing and communications officer at Mastercard, told TechCrunch: “The core of this program is providing emerging artists with the web3 tools and skills they need to excel and advance their music careers in this digital economy. By providing access to experts and innovators in the space, the artists will be guided on how to incorporate web3 into their work throughout the entire program and then beyond… We see that web3 holds tremendous promise for artists and creators to create, own and monetize their content, but only if they know how to leverage it… This past year was big for us, with experimental web3 activations around the world.“ 🔗 Read more
Yesterday, payments giant Mastercard announced at CES 2023 that via a partnership with blockchain startup Polygon it is launching a Web3-focused incubator to help artists. Raja Rajamannar, chief marketing and communications officer at Mastercard, told TechCrunch: “The core of this program is providing emerging artists with the web3 tools and skills they need to excel and advance their music careers in this digital economy. By providing access to experts and innovators in the space, the artists will be guided on how to incorporate web3 into their work throughout the entire program and then beyond… We see that web3 holds tremendous promise for artists and creators to create, own and monetize their content, but only if they know how to leverage it… This past year was big for us, with experimental web3 activations around the world.“ 🔗 Read more
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🧪 Ethereum developers eye February public testnet for Shanghai upgrade
The planned Shanghai upgrade of the Ethereum network will focus exclusively on ether (ETH) withdrawals, according to a recent core developers call. Shanghai is an upgrade that will open validator staking withdrawals, a feature presently missing from the network. With a planned launch of the upgraded mainnet sometime in March, users will be able to access coins that have been staked on the network. These coins became temporarily inaccessible as part of The Merge — when Ethereum transitioned to proof-of-stake consensus in September. 🔗 Read more
The planned Shanghai upgrade of the Ethereum network will focus exclusively on ether (ETH) withdrawals, according to a recent core developers call. Shanghai is an upgrade that will open validator staking withdrawals, a feature presently missing from the network. With a planned launch of the upgraded mainnet sometime in March, users will be able to access coins that have been staked on the network. These coins became temporarily inaccessible as part of The Merge — when Ethereum transitioned to proof-of-stake consensus in September. 🔗 Read more
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