• Circle has cleared „substantially all“ of the redemption and minting requests for its stablecoin, USD Coin (USDC). • Last week, Circle was hit with a bank run after disclosing it had $3.3 billion worth of stablecoin reserves in the now-collapsed Silicon Valley Bank which resulted in USDC losing its dollar peg. • Circle has […]
Vitalik Buterin Dumps $700K Worth of Shitcoins • Ethereum co-founder Vitalik Buterin has sold off nearly $700,000 worth of tokens previously airdropped to him for Ether (ETH). • The sales resulted in huge price drops due to the low liquidity of the tokens. • It is speculated that this was motivated by the tax implications […]
• MyAlgo wallet provider issued a warning to its users to withdraw funds from wallets created with a seed phrase due to an ongoing exploit that drained millions of ALGO. • An estimated $9.2 million worth of funds have been stolen as a result of the attack, with ChangeNOW freezing around $1.5 million. • The […]
• Cameron Winklevoss, co-founder of crypto exchange Gemini, believes the next crypto bull run will come from Asia. • According to Chainalysis, Central & Southern Asia and Oceania (CSAO) was the third largest cryptocurrency market in its index for 2022. • Winklevoss said governments who fail to offer clear rules and sincere guidance on crypto […]
• Ethereum Foundation team announced another milestone on the road to the Shanghai upgrade with the Shapella fork. • The Shapella transition includes enabling of withdrawals for exited validators and partial withdrawals for active validator balances in excess of 32 ETH. • Validators must have a 0x01 execution-layer withdrawal credential to participate in withdrawals. Ethereum’s […]
• The United States unemployment rate has hit its lowest level since 1969. • Bitcoin buyers may get a chance to „load up“ below $22,000 in reaction to the data. • Analysts suggest that this could take BTC/USD all the way to $20,000. U.S. Unemployment Hits 54-Year Low The United States unemployment rate has hit […]
• Investors of crypto mining firm Argo Blockchain have filed a class-action lawsuit accusing the miner of making untrue statements and omitting key information during its initial public offering (IPO) in 2021. • The lawsuit claims the firm failed to disclose how susceptible it was to capital constraints, electricity costs and network difficulties. • The […]
Bulletpoints: • Bitcoin still faces „considerable danger“ in 2023 as macroeconomic conditions dictate price action. • Optimism is increasing as BTC/USD broadly retains levels that are 40% higher than at the start of the year. • The recovery has removed any trace of the FTX debacle from the chart, with BTC/USD now circling its highest […]
• Binance reportedly admitted that it mistakenly stored some customer funds in the same wallet with its collateral for some in-house tokens. • Binance released a proof of collateral for B-Tokens, providing information for all 94 tokens issued by Binance. • Binance stated that its corporate holdings are recorded in separate accounts and do not […]
• South Africa’s Advertising Regulatory Board (ARB) has included a new clause for the cryptocurrency industry aimed at protecting consumers from unethical advertising. • The new clause requires that adverts, including cryptocurrency offerings, must ‚expressly and clearly‘ state that investments may result in the loss of capital ‚as the value is variable and can go […]