Justin Sun's two exchanges officially merged. The Huobi employee letter shows that Poloniex departments like assets, marketing & operations, product design, liquidity, customer service, compliance, etc. will be officially merged into the Huobi.
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New York says Ethereum is a security in KuCoin lawsuit.
https://ag.ny.gov/press-release/2023/attorney-general-james-continues-crackdown-unregistered-cryptocurrency-platforms
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https://ag.ny.gov/press-release/2023/attorney-general-james-continues-crackdown-unregistered-cryptocurrency-platforms
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New York State Attorney General
Attorney General James Continues Crackdown on Unregistered Cryptocurrency Platforms
Click to read more.
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President Biden calls for a 30% tax on all electricity used to mine Bitcoin and cryptocurrency.
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Forwarded from CCC.io Ventures
Liquidity is disappearing all around the board:
1. S&P 500 lost $600 billion in 2 hours
2. Crypto markets down $40 billion today
3. Four biggest US banks down $50 billion today
4. Bond markets trading like meme stocks
All the buyers are gone as inflation is here to stay.
Telegram | Twitter
1. S&P 500 lost $600 billion in 2 hours
2. Crypto markets down $40 billion today
3. Four biggest US banks down $50 billion today
4. Bond markets trading like meme stocks
All the buyers are gone as inflation is here to stay.
Telegram | Twitter
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CryptoPunk #9682 was scooped up for 72.72 ETH ($111,600) earlier today. On-chain data show the buyer swapped 527,281 goerli ether for ETH to fund the purchase.
Here’s the fun part. Goerli is an Ethereum test network. Developers use testnets to run tests on their smart contracts or applications before deploying them on the main network. Tokens on a testnet are supposed to be free because they typically don't have market value.
A shortage of goerli ether has, however, created a situation in which developers began to purchase the testnet token, creating a market for goerli ether.
The emergence of a monetized testnet market has led Ethereum developers to state that they will gradually sunset goerli.
But for now, 1 goerli ETH is worth $0.23 and has traded as high as $1.69.
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Here’s the fun part. Goerli is an Ethereum test network. Developers use testnets to run tests on their smart contracts or applications before deploying them on the main network. Tokens on a testnet are supposed to be free because they typically don't have market value.
A shortage of goerli ether has, however, created a situation in which developers began to purchase the testnet token, creating a market for goerli ether.
The emergence of a monetized testnet market has led Ethereum developers to state that they will gradually sunset goerli.
But for now, 1 goerli ETH is worth $0.23 and has traded as high as $1.69.
📍 Follow @Coins for the hottest news in crypto.
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Forwarded from Crypto Rekt Liquidations Bot
Binance has temporarily suspended auto-conversion of USDC to BUSD due to current market conditions, specifically related to high inflows & the increasing burden to support the conversion.
This is a normal risk-management procedural step to take while we monitor the situation.
https://twitter.com/binance/status/1634361554543030273
This is a normal risk-management procedural step to take while we monitor the situation.
https://twitter.com/binance/status/1634361554543030273
Circle says its funds are stuck in SVB.
https://twitter.com/circle/status/1634391505988206592
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https://twitter.com/circle/status/1634391505988206592
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X (formerly Twitter)
Circle (@circle) on X
1/ Following the confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB.
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The protocol for Uniswap v3, which supports its largest decentralized exchange, becomes free to use as open-source software when its Business Source License expires April 1.
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Potential outcome:
1. Silicon Valley Bank (SVB) finds no buyers this weekend
2. Pressure builds to sell company
3. Elon musk submits bid to buy SVB
4. Twitter/SVB merge forming leading payment platform
5. New company IPOs in 5 years for $100B+
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1. Silicon Valley Bank (SVB) finds no buyers this weekend
2. Pressure builds to sell company
3. Elon musk submits bid to buy SVB
4. Twitter/SVB merge forming leading payment platform
5. New company IPOs in 5 years for $100B+
📍 Follow @Coins for the hottest news in crypto.
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Forwarded from CCC.io Ventures
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The collapse of Silicon Valley Bank, $SIVB, means that the Fed has to make a decision.
Either they:
1. Continue raising interest rates to get inflation under control
Or
2. Stop raising rates to save the financial sector
Once again, retail will pay for institutional failure.
📍 Follow @Coins for the hottest news in crypto.
Either they:
1. Continue raising interest rates to get inflation under control
Or
2. Stop raising rates to save the financial sector
Once again, retail will pay for institutional failure.
📍 Follow @Coins for the hottest news in crypto.
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Summing up this weekend!
My stock friend - Did you buy the dip in crypto crash yesterday?
Me - No ! coz my stablecoin started dipping 12%
Stock friend - wtf does that mean?
Me - my $1 went to $0.88
Stock friend - how tf? $1 = $1 right ?
Me - not in crypto! $1 can go to 0
Stock friend - WTFFFF ??
📍 Follow @Coins for the hottest news in crypto.
My stock friend - Did you buy the dip in crypto crash yesterday?
Me - No ! coz my stablecoin started dipping 12%
Stock friend - wtf does that mean?
Me - my $1 went to $0.88
Stock friend - how tf? $1 = $1 right ?
Me - not in crypto! $1 can go to 0
Stock friend - WTFFFF ??
📍 Follow @Coins for the hottest news in crypto.
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CZ: Given the changes in stable coins and banks, Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including BTC, BNB, and ETH.
https://twitter.com/cz_binance/status/1635131601884700674
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https://twitter.com/cz_binance/status/1635131601884700674
📍 Follow @Coins for the hottest news in crypto.
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Forwarded from CCC.io Ventures
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Nissan has filed four new Web3-related trademarks with the United States Patent and Trademark Office (USPTO), covering its Infiniti, Nismo, and Nissan brands.
The company’s filings reveal its plans to create virtual clothes, cars, headgear, trading cards, toys, tickets, and a non-fungible token (NFT) marketplace.
The Japan branch is conducting a three-month demonstration experiment of its virtual store “Nissan Hype Lab,” to test drive the vehicles in the metaverse.
https://www.cryptopolitan.com/nissan-into-metaverse-with-web3-trademarks
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The company’s filings reveal its plans to create virtual clothes, cars, headgear, trading cards, toys, tickets, and a non-fungible token (NFT) marketplace.
The Japan branch is conducting a three-month demonstration experiment of its virtual store “Nissan Hype Lab,” to test drive the vehicles in the metaverse.
https://www.cryptopolitan.com/nissan-into-metaverse-with-web3-trademarks
📍 Follow @Coins for the hottest news in crypto.
Cryptopolitan
Nissan dives into the metaverse with web3 trademarks – Cryptopolitan
Japanese automaker Nissan is the latest in a growing list of car manufacturers looking to leverage the potential of the metaverse, as the company files four new Web3-related trademarks in the United States. The move comes as Nissan Japan experiments with…
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