Day: January 5, 2023

India CBDC (Central Bank Digital Currency) Launch Today || Crypto Market Update Today ||Bitcoin News

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AAG Launches Its Flagship Product, MetaOne Web 3.0 Wallet

The security features of the MetaOne Wallet are hinged on the AAG scam detector software. AAG, a Web3.0 infrastructure service provider has launched its flagship product, the MetaOne Wallet as it seeks to drive an inclusive usage of Decentralized Applications (DApp) in the blockchain ecosystem. As contained in a Press Release shared with Coinspeaker, the launch of the MetaOne Wallet comes with a lot of allowances that make it a good choice for both experienced investors and those new to the space. Decentralized non-custodial wallets such as the MetaOne are…

Quant Explains How Bitcoin MVRV MACD Can Signal Trends

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A quant has broken down how the Bitcoin MVRV MACD oscillator could be used to check for signals in the price. Bitcoin MVRV MACD Oscillator As Price indicator As explained by an analyst in a CryptoQuant post, this metric can help detect both the lows and the highs in the price, as well as the greater trends. The “Bitcoin MVRV” is an indicator that measures the ratio between the market cap and the realized cap. Here, the “realized cap” is a capitalization model for BTC that values each coin in…

Redeeming physical NFTs: Easier said than done?

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Despite the crypto winter, nonfungible tokens (NFTs) continue to draw interest. This has become apparent as many brands and retailers have started to offer digital NFTs attached to physical products. Known as “phygitals,” these offerings allow real-world products to be tied to digital NFTs.  For example, RTFKT — a digital fashion and collectible company — recently launched a project called Cryptokicks iRL. According to sources, RTFKT is creating digitally-designed sneakers backed by a physical product. RTFKT’s official Twitter account recently tweeted that Lace Engine NFT holders will be able to…

Bankman-Fried’s Alameda Joins Chorus Objecting to Binance Voyager Buy

The filing, made by Andrew G. Dietderich of Sullivan & Cromwell, the law firm representing the FTX group, said that Alameda is a “substantial shareholder” of Voyager. Under a rescue plan made in June, Alameda offered the collapsing Voyager $200 million and 15,000 bitcoin (BTC), of which $75 million in stablecoins still outstanding as of the date of bankruptcy, the filing said. Source

Alex Mashinsky sued by NY AG for allegedly hiding Celsius’ ‘dire financial condition’

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New York Attorney General Letitia James has filed a lawsuit against Alex Mashinsky, alleging the Celsius founder and CEO made numerous “false and misleading statements” which led to investors losing billions.  In a Jan. 5 announcement, the New York Attorney General’s office announced the lawsuit, which allegedly involved defrauding investors — including more than 26,000 residents of the U.S. state — out of billions of dollars worth of crypto. According to James, Mashinsky’s actions leading up to Celsius declaring bankruptcy contributed to investor losses by misrepresenting the platform’s financial condition…

NY AG files lawsuit against Alex Mashinsky, alleging he hid Celsius’ ‘dire financial condition’

New York Attorney General Letitia James has filed a lawsuit against Alex Mashinsky, alleging the Celsius founder and CEO made numerous “false and misleading statements” which led to investors losing billions.  In a Jan. 5 announcement, the New York Attorney General’s office announced the lawsuit, which allegedly involved defrauding more than 26,000 residents of the U.S. state out of billions of dollars worth of crypto. According to James, Mashinsky’s actions leading up to Celsius declaring bankruptcy contributed to investor losses by misrepresenting the platform’s financial condition and failing to personally…

Former Celsius CEO Mashinsky Sued By New York State for Defrauding Investors

The lawsuit accuses the ex-CEO of the cryptocurrency lender of making many false claims about the number of Celsius users, its strategies to recruit investors and the nature of what it was investing in, claiming its money went to safe, low-risk investments with reliable businesses. The suit also accused him of incorrectly asserting that Celsius had been safer than a bank, though it operated without the typical regulatory safeguards that go with banking in the U.S. Source

What is institutional DeFi, and how can banks benefit?

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Financial services institutions and banks have increasingly engaged with Web3 since 2020. This is also true within institutional decentralized finance (DeFi), as several potential use cases have emerged that could trigger a new wave of innovation within these organizations.  Institutional DeFi does not refer to growing institutional investments in DeFi protocols and decentralized applications (DApps) but rather to large institutions using DeFi protocols to tokenize real-world assets with regulatory compliance and institutional-level controls for consumer protection. A common question that comes up is: What benefits does DeFi offer on top…