Ark Invest added a massive 162,325 Coinbase shares (worth $9,267,134.25) to its portfolio on Friday, alongside a substantial purchase of 263,504 Robinhood shares (worth $2,629,769.92).
https://www.theblock.co/post/210810/cathie-woods-ark-invest-fills-coinbase-bag-amid-fear-driven-price-collapse
📍 Follow @Coins for the hottest news in crypto.
https://www.theblock.co/post/210810/cathie-woods-ark-invest-fills-coinbase-bag-amid-fear-driven-price-collapse
📍 Follow @Coins for the hottest news in crypto.
The Block
Cathie Wood's Ark Invest fills Coinbase bag amid fear-driven price collapse
The collapse in Coinbase's stock price — driven by worries that U.S. regulators will restrict crypto staking — seemingly proved too attractive to pass up.
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CZ thread on BUSD, Paxos, and SEC:
https://twitter.com/cz_binance/status/1625067494011506691
📍 Follow @Coins for the hottest news in crypto.
https://twitter.com/cz_binance/status/1625067494011506691
📍 Follow @Coins for the hottest news in crypto.
X (formerly Twitter)
CZ 🔶 BNB (@cz_binance) على X
6/ "IF" BUSD is ruled as a security by the courts, it will have profound impacts on how the crypto industry will develop (or not develop) in the jurisdictions where it is ruled as such.
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Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the branded stablecoin BUSD.
Time to move away from BUSD?
https://paxos.com/2023/02/13/paxos-will-halt-minting-new-busd-tokens/
📍 Follow @Coins for the hottest news in crypto.
Time to move away from BUSD?
https://paxos.com/2023/02/13/paxos-will-halt-minting-new-busd-tokens/
📍 Follow @Coins for the hottest news in crypto.
Paxos
Paxos Will Halt Minting New BUSD Tokens
Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the branded stablecoin BUSD.
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Haters gonna hate, regulators gonna regulate - and it seems Gary Gensler did just that last week when the SEC charged Kraken for failing to register its staking-as-a-service program as a security.
As one might expect, the crypto markets performed negatively on the heels of this news. There was $186 million in long liquidations on February 9th, marking the highest volume of long liquidations over the past 90 days as ether and other assets fell in price after what had been a strong showing so far in 2023.
Coinbase was also in the spotlight after this charge given they also offer a staking product.
While staking on Coinbase remains operational, Gensler said his action against Kraken should put the industry ‘on notice.’
📍 Follow @Coins for the hottest news in crypto.
As one might expect, the crypto markets performed negatively on the heels of this news. There was $186 million in long liquidations on February 9th, marking the highest volume of long liquidations over the past 90 days as ether and other assets fell in price after what had been a strong showing so far in 2023.
Coinbase was also in the spotlight after this charge given they also offer a staking product.
While staking on Coinbase remains operational, Gensler said his action against Kraken should put the industry ‘on notice.’
📍 Follow @Coins for the hottest news in crypto.
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The number of unique DEX traders across decentralized exchanges on Ethereum is the highest it's been since the start of 2022, reaching 57.67k on February 7th.
📍 Follow @Coins for the hottest news in crypto.
📍 Follow @Coins for the hottest news in crypto.
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Celebrities being sued for promoting Bored Ape Yacht Club:
Kevin Hart
Madonna
Steph Curry
Post Malone
Snoop Dogg
Jimmy Fallon
Justin Bieber
Serena Williams
Paris Hilton
https://t.co/LDggvduCRg
📍 Follow @Coins for the hottest news in crypto.
Kevin Hart
Madonna
Steph Curry
Post Malone
Snoop Dogg
Jimmy Fallon
Justin Bieber
Serena Williams
Paris Hilton
https://t.co/LDggvduCRg
📍 Follow @Coins for the hottest news in crypto.
CNN
Why Tom Brady, David Ortiz, Jimmy Fallon and other celebrities are getting sued over crypto | CNN Business
With the implosion of Sam Bankman-Fried’s FTX dominating the headlines, celebrities who hawked cryptocurrency are now finding themselves under fresh legal scrutiny.
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This week's CPI report is the first that will be calculated with a new methodology.
Example:
- 2022 CPI = 2019+2020 consumption
- 2023 = ONLY 2021 consumption
Previously, CPI was calculated using 2 years of data, now it will be just 1.
What a convenient time to change this.
📍 Follow @Coins for the hottest news in crypto.
Example:
- 2022 CPI = 2019+2020 consumption
- 2023 = ONLY 2021 consumption
Previously, CPI was calculated using 2 years of data, now it will be just 1.
What a convenient time to change this.
📍 Follow @Coins for the hottest news in crypto.
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A long-running fight to reveal the names of Sam Bankman-Fried's bond co-signers has ended.
As might’ve been expected, those named have close ties to the Bankman-Fried family and Stanford University.
The co-signers are Larry Kramer and Andreas Paepcke, both of whom teach at Stanford.
The revelations follow intense interest from the media in those who participated in the process to release Bankman-Fried as he awaits trial.
Bankman-Fried faces numerous criminal charges in connection with his leadership of FTX, which collapsed last November.
The news comes on the heels of several decisions in the ongoing case, including a ban on Bankman-Fried's use of VPNs as part of his bail agreement.
Prosecutors in the criminal case also secured stays in both the SEC and CFTC civil cases.
📍 Follow @Coins for the hottest news in crypto.
As might’ve been expected, those named have close ties to the Bankman-Fried family and Stanford University.
The co-signers are Larry Kramer and Andreas Paepcke, both of whom teach at Stanford.
The revelations follow intense interest from the media in those who participated in the process to release Bankman-Fried as he awaits trial.
Bankman-Fried faces numerous criminal charges in connection with his leadership of FTX, which collapsed last November.
The news comes on the heels of several decisions in the ongoing case, including a ban on Bankman-Fried's use of VPNs as part of his bail agreement.
Prosecutors in the criminal case also secured stays in both the SEC and CFTC civil cases.
📍 Follow @Coins for the hottest news in crypto.
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Not your keys, not your crypto 🔑
A U.S. senator is drafting legislation to require American crypto exchanges and custodians to prove they have sufficient reserves.
The push from Sen. Thom Tillis, R-N.C., reflects similar industry calls in the wake of the collapse of FTX amid fears that exchanges didn’t have the funds to back up client demand.
In a brief interview with The Block, Tillis characterized his draft legislation as an easier bill to pass than a comprehensive framework around cryptocurrencies.
Here’s Tillis: “I’m in the lean regulatory regime camp here.” While any legislation faces tough odds in a divided Congress, the collapse of FTX has spurred widespread concern in D.C. and could drive support for Tillis’ measure.
https://www.theblock.co/post/211777/senate-republican-drafting-proof-of-reserve-legislation
📍 Follow @Coins for the hottest news in crypto.
A U.S. senator is drafting legislation to require American crypto exchanges and custodians to prove they have sufficient reserves.
The push from Sen. Thom Tillis, R-N.C., reflects similar industry calls in the wake of the collapse of FTX amid fears that exchanges didn’t have the funds to back up client demand.
In a brief interview with The Block, Tillis characterized his draft legislation as an easier bill to pass than a comprehensive framework around cryptocurrencies.
Here’s Tillis: “I’m in the lean regulatory regime camp here.” While any legislation faces tough odds in a divided Congress, the collapse of FTX has spurred widespread concern in D.C. and could drive support for Tillis’ measure.
https://www.theblock.co/post/211777/senate-republican-drafting-proof-of-reserve-legislation
📍 Follow @Coins for the hottest news in crypto.
The Block
Senate Republican drafting proof-of-reserve legislation
Sen. Thom Tillis, R-N.C., is drafting legislation to require independently verified and publicly posted proof-of-reserves for crypto companies operating in the U.S.
- OKX will launch a new POS Blockchain OKBChain in Q1
- Binance launches Visa debit card in Brazil
- Robinhood cryptocurrency trading volume increased by 95% MoM
📍 Follow @Coins for the hottest news in crypto.
- Binance launches Visa debit card in Brazil
- Robinhood cryptocurrency trading volume increased by 95% MoM
📍 Follow @Coins for the hottest news in crypto.
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Derivatives Exchanges move the market:
Bitcoin inflows to derivatives exchanges increased in the last few hours
With Bitcoin: Open Interest rising
Also, Bitcoin: Funding Rates positive
All these metrics give a short-term rise, but is it continuing?
Open Interest metric at the end of today's candle. If this level is broken (marked on the attached chart) with positive Funding Rates, the bulls will continue to dominate.
This is a positive condition.
📍 Follow @Coins for the hottest news in crypto.
Bitcoin inflows to derivatives exchanges increased in the last few hours
With Bitcoin: Open Interest rising
Also, Bitcoin: Funding Rates positive
All these metrics give a short-term rise, but is it continuing?
Open Interest metric at the end of today's candle. If this level is broken (marked on the attached chart) with positive Funding Rates, the bulls will continue to dominate.
This is a positive condition.
📍 Follow @Coins for the hottest news in crypto.
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Venture capital and private equity firms including Sequoia Capital, Thoma Bravo and Paradigm were accused in a lawsuit of hyping the legitimacy of FTX, the cryptocurrency exchange that collapsed causing billions of dollars in losses.
https://www.bloomberg.com/news/articles/2023-02-15/ftx-investor-suit-targets-sequoia-capital-thoma-bravo-paradigm
Do you think the hype behind a token is mainly driven by investors backing it? (Eg: Blur, which was backed by Paradigm)
👍 Top investors backing shows authenticity/feels like low risk/gives the much needed initial push
👎 Funding is just another step in the product cycle/I don't think the names give a push
📍 Follow @Coins for the hottest news in crypto.
https://www.bloomberg.com/news/articles/2023-02-15/ftx-investor-suit-targets-sequoia-capital-thoma-bravo-paradigm
Do you think the hype behind a token is mainly driven by investors backing it? (Eg: Blur, which was backed by Paradigm)
👍 Top investors backing shows authenticity/feels like low risk/gives the much needed initial push
👎 Funding is just another step in the product cycle/I don't think the names give a push
📍 Follow @Coins for the hottest news in crypto.
Bloomberg.com
FTX Investor Suit Targets Sequoia Capital, Thoma Bravo, Paradigm
Venture capital and private equity firms including Sequoia Capital, Thoma Bravo and Paradigm were accused in a lawsuit of hyping the legitimacy of FTX, the cryptocurrency exchange that collapsed causing billions of dollars in losses.
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Forwarded from Crypto Rekt Liquidations Bot
Binance published a latest #Binance Insights & Analysis report, explaining Ethereum's Shanghai Upgrade by the charts.
Topics:
🔸 What is the Shanghai Upgrade?
🔸 How much ETH is staked? How much is liquid? How many stakers are in profit?
And much more ⬇️
https://research.binance.com/en/analysis/ethereum-shanghai-upgrade
Topics:
🔸 What is the Shanghai Upgrade?
🔸 How much ETH is staked? How much is liquid? How many stakers are in profit?
And much more ⬇️
https://research.binance.com/en/analysis/ethereum-shanghai-upgrade
Binance
Ethereum's Shanghai Upgrade: By the Charts
An analysis of the upcoming Ethereum's Shanghai Upgrade
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Six key takeaways from the BNB Chain Tech Roadmap 2023:
1 Scalability— the long-term goal
2 Increased validator count to 100
3 New storage network on the BNB Chain
4 Improved user experience and security
5 Better mass adoption infrastructure
6 Better BNB SideChain for big brands and names
https://www.cryptopolitan.com/six-key-takeaways-bnb-chain-tech-roadmap-2023/
📍 Follow @Coins for the hottest news in crypto.
1 Scalability— the long-term goal
2 Increased validator count to 100
3 New storage network on the BNB Chain
4 Improved user experience and security
5 Better mass adoption infrastructure
6 Better BNB SideChain for big brands and names
https://www.cryptopolitan.com/six-key-takeaways-bnb-chain-tech-roadmap-2023/
📍 Follow @Coins for the hottest news in crypto.
CLV (previously Cloverfinance) launches: The future of crypto-transactions — Connect, Chat & Transact.
The very beta version of Wallet Talk is just around the corner.
https://medium.com/@clv_org/say-hello-to-the-new-member-of-clv-ecosystem-introducing-wallet-talk-by-clv-1f9ded2c843e
Do you care if the social media app you use is decentralized or centralized?
👍 It is important for such mass platforms to be decentralized.
👎 I only care if the purpose is solved. Doesn't matter if its decentralized or centralized
📍 Follow @Coins for the hottest news in crypto.
The very beta version of Wallet Talk is just around the corner.
https://medium.com/@clv_org/say-hello-to-the-new-member-of-clv-ecosystem-introducing-wallet-talk-by-clv-1f9ded2c843e
Do you care if the social media app you use is decentralized or centralized?
👍 It is important for such mass platforms to be decentralized.
👎 I only care if the purpose is solved. Doesn't matter if its decentralized or centralized
📍 Follow @Coins for the hottest news in crypto.
Medium
Say Hello to the New Member of CLV Ecosystem: Introducing Wallet Talk by CLV
The future of crypto-transactions — Connect, Chat & Transact
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