Day: December 29, 2022

14 Crypto Law Predictions For 2023, According To Delphi Labs

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Gabriel Shapiro, the legal counsel at crypto company Delphi Labs and a US attorney with more than a decade of experience, has made his predictions for the coming year 2023. However, contrary to the crypto tradition of predicting the most lucrative altcoins, Shapiro is making his predictions in terms of US crypto law. The year 2022 was undoubtedly one of the most turbulent years for the crypto industry, which had to cope with the collapse of numerous fraudulent and overleveraged companies. The collapse of FTX and its entanglements in U.S.…

What is Swan Bitcoin and how does it work?

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When someone wants to buy Bitcoin (BTC), they usually take the route of a cryptocurrency exchange. Newbies may buy BTC on just any exchange they come across, while those with some sort of experience may opt for a reputable one. The exercise though bears little fruit as most exchanges function almost identically as centralized entities, often working as custodians of the crypto assets of the buyers. The security factor is generally limited to passwords and 2-factor authentication (for the buyers who have opted for it). Customer support, wallet support and…

No, Advisors, Crypto Is Not a Ponzi Scheme

For one thing, tokens like bitcoin and ether do hold value, even in down markets, and are not dependent on inflows of new money to pay off investors. Rather, holders of these tokens can exchange them for other items of value, or fiat currency, any time they can find a counterparty willing to take their crypto. Source

Robinhood shares claimed by BlockFi and FTX may move to a neutral broker

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The highly disputed Robinhood shares claimed by both BlockFi and FTX  might be transferred to a neutral broker or an escrow account while the courts determine the rightful owner. Digital asset lender BlockFi recently sued former FTX CEO Sam Bankman-Fried to claim the shares that were supposedly pledged as collateral for the more than $600 million that BlockFi loaned to Alameda Research. The 56 million Robinhood Markets shares, which are currently frozen, are worth around $450 million. They are owned by Bankman-Fried’s holding company Emergent Fidelity Technologies, which was formed…

Argentine Peso Breaks Historic Low Mark as Argentines Hedge Savings in Dollars – Economics Bitcoin News

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The U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U.S. dollar reached a value of 356 pesos on December 28, losing almost 10% during just one week, and threatening to spur a more significant inflationary jump. Argentine Peso Sinks to Lowest Level in History Argentina, one of the countries in Latam with active exchange control for foreign currencies, is facing difficulties maintaining the value of its fiat currency. The exchange…

Ethereum (ETH) Attracts Investors Again As Orbeon Protocol (ORBN) Nearing Presale End With Mammoth Growth

Place/Date: – December 29th, 2022 at 1:29 pm UTC · 3 min read Source: Orbeon Protocol While the overall market sentiment has become gloomy due to the recently occurred FTX disaster, Ethereum (ETH) and Orbeon Protocol (ORBN) have brought back some optimism to the arena. Ethereum (ETH), a long-standing crypto project, has been able to attract investors towards its large market share. On the other hand, Orbeon Protocol (ORBN) has dominated the market with its golden performance due to its unique business plan and value proposition. ORBN has grown by…

Litecoin (LTC) Drops 10.7% This Month, Elon Musk to Talk to DOGE Army, while Snowfall Protocol (SNW) Takes Over the Crypto Market

Place/Date: – December 29th, 2022 at 1:23 pm UTC · 4 min read Source: Snowfall Protocol The year 2022 is almost finished, and it has left the crypto sector in serious decline. The decline in value of many cryptocurrencies this year won’t be reversed. Read ahead to know how big market participants like Litecoin (LTC) and Dogecoin (DOGE) have been struggling while a new player, Snowfall Protocol (SNW), has won the trust of investors and traders alike. Litecoin (LTC) Stuck at a Low Price The second-most popular pure cryptocurrency, Litecoin…

European Market Slip Reflects Investor Caution Heading into 2023

The recent European market slip indicates that investors remain cautious about the potential macroeconomic headwinds next year. The pan-European Stoxx 600 index closed marginally lower than the flatline on Wednesday amid a broader market slip. As 2022 winds to a close, the Stoxx 600 is trading down more than 12% year-to-date (YTD). Furthermore, caution abounds throughout the European capital markets, with investors remaining wary of incessantly high inflation and central banks’ fiscal policy tightening. Lastly, investors also assess the impact of a global recession on likely headwinds in 2023. The…

3Commas Finally Admits Latest API Keys Leak Was Its Fault

The company’s CEO has not confirmed whether or not he will be making a refund to the affected victims but said as an immediate course of action, the platform has requested all partner exchanges to disable their API keys linking to its systems. For the past few weeks, crypto Twitter has been calling out 3Commas, an automated trading platform with respect to the leak of its Application Programming Interface (API) that has caused the loss of funds for users. After much denials and blame shifting, the platform’s Chief Executive Officer,…