Day: December 16, 2022

Earn 175% APR Through ApeCoin (APE) Staking on LBank Exchange – Press release Bitcoin News

boss

press release PRESS RELEASE. INTERNET CITY, DUBAI, Dec 16, 2022 – LBank Exchange, a global digital asset trading platform, has recently launched ApeCoin (APE) staking in its “Earn” – “Flexible” section, users will be able to earn APE token with an annual return of 175% (floating adjustment), and withdraw anytime without locking. APE Staking Is the New Trend Recently, ApeCoin DAO (ApeDAO) has established an official staking protocol for ApeCoin (APE), which was created as a way for APE, BAYC, MAYC, and BAKC holders to earn rewards through staking. APE…

The Year DAOs Follow the Law?

2022, however, flipped this script. Today, DAOs have the option to engage with authorities and legal systems, and several jurisdictions now recognize the newest evolution of human organization. Wyoming and Tennessee in the United States and the Republic of the Marshall Islands have all created DAO LLCs, which are highly flexible and powerful legal entities that are custom-made for DAOs with all the benefits of traditional LLCs. Additionally, Colorado Limited Cooperative Associations (LCA) and Unincorporated Nonprofit Associations (UNA) have been used with success by some DAOs, while others have chosen…

Bitcoin targets $16.7K amid fear BNB may ‘drag whole crypto market down’

boss

Bitcoin (BTC) looked set to ditch $17,000 after the Dec. 16 Wall Street open as United States equities continued to fall. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: $240BNB “has nothing but air below it” Data from Cointelegraph Markets Pro and TradingView tracked new intraday lows of $16,743 for BTC/USD on Bitstamp. The pair had abruptly dived nearly 3% earlier in the day, compounding losses, which immediately followed one-month highs. Ongoing concerns over largest global exchange Binance pervaded the mood, these coming despite the best efforts of CEO, Changpeng…

Basel Committee Endorses Global Crypto Banking Rules be Implemented by 2025

The classification conditions the committee have set out include ensuring crypto passes a redemption risk test and basis risk test. “The redemption risk test is to ensure that the reserve assets are sufficient to enable the crypto assets to be redeemable at all times,” the report said. Meanwhile, the basis risk test “aims to ensure that the holder of a crypto asset can sell it in the market for an amount that closely tracks the peg value,” the report said. Source

FTX and Crypto Bust Show Capitalism’s Limits

We’re all astounded that FTX, now essentially worth nothing, was valued at $32 billion a few months ago, and that lending service Celsius Network clocked in at $3.5 billion before it went under. But we should be asking similar questions about the investments and deposits that poured into Binance, Coinbase, Kraken, Crypto.com and other such exchanges. I’m not suggesting that they too are on the verge of bankruptcy or are suspected of fraud, rather that we should reflect on the inflated expectations for long-term growth that drew the influx into…

Glassnode Raises Concerns Over Binance PoR Data, Was There A Mistake?

boss

Binance, as one of the leading crypto exchanges, tried to exhibit transparency in its operations, especially on the security of customers’ funds. This led it to publish its proof of reserve (PoR) reports. However, the collapse of some firms like Celsius Network, FTX, and others has instilled fear and doubts about crypto exchanges and platforms. Investors lost confidence majorly in centralized platforms. Hence, most CEXs have taken to publishing their proof of reserve assets to indicate the safety of users’ funds. Difference In Binance’s Reported BTC Holding Some revelations hint…

FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations

boss

A lawyer representing provisional liquidators overseeing FTX’s operations in the Bahamas has pushed back against allegations officials in the country were using the collapse of the crypto exchange to benefit its residents first. In a Dec. 16 hearing for FTX Trading’s bankruptcy proceedings, White & Case partner Jason Zakia said allegations made by debtors concerning assets and Bahamian authorities were “wholly without merit”. The legal team represented provisional liquidators for FTX Digital Markets — the firm’s operations in the Bahamas — whose appointments were approved by the country’s Supreme Court in November…

ADA Hits All-Time Low on Friday, MATIC Extends Recent Downtrend – Market Updates Bitcoin News

boss

Cardano fell to an all-time low on Friday, as sentiment in crypto markets remained bearish in today’s session. The token fell for a third consecutive day, with prices moving below a key price floor in the process. Polygon also extended recent declines, hitting a multi-week low as a result. Cardano (ADA) Cardano (ADA) hit an all-time low in today’s session, as sentiment in cryptocurrency markets remains bearish, following recent economic data. ADA/USD dropped to an intraday low of $0.2845 earlier in today’s session, less than a day after trading at…