January 2023

Media startup says it will buy back $10 million SBF stake: Report

January 18, 2023 boss

Media startup Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million stake in the company, according to a Jan. 18 report from the New York Times. The report stated that Semafor will seek to raise money from other sources to make up what it is giving back. Scoop: Sam Bankman-Fried invested roughly $10 million of Semafor’s $25 million round, making him the company’s biggest outside investor. Semafor is buying back his interest and putting that money into a separate account…

Crypto Technology’s Impact Goes Beyond Crypto Technology

January 18, 2023

Token-based fundraising can help more than underserved markets, projects and entrepreneurs, says CoinDesk columnist Noelle Acheson. It can also help other new technologies evolve. Source

Davos Day 3 Shows Conflicting Visions for the Metaverse, CBDCs

January 18, 2023

Whether it’s trading state-backed virtual currencies or jumping between virtual worlds, common standards for digital economies are still hotly contested in global forums. Source

Bitzlato kept a low profile, but did not go entirely unnoticed before DOJ action

January 18, 2023 boss

Noncustodial peer-to-peer crypto exchange Bitzlato was little known to some before the United States Department of Justice (DOJ) enforcement action against it on Jan. 18. It was cofounded in 2016 by recently arrested Russian national, Anatoly Legkodymov. According to a Russian source, Anatoly Legkodymov is the owner of 73.4% of Bitzlato, which has an office on a high floor in the Federation Tower skyscraper in Moscow, where it accepted trades of $100,000 or more. Legkodymov and his main partner in Bitzlato are also reportedly involved in Russian crypto mining equipment…

MakerDAO Favors Holding GUSD Stablecoin as Part of Reserve in Early Voting

January 18, 2023

The voting comes as Gemini, the issuer of GUSD, is under pressure after halting withdrawals from its yield-paying product, called Gemini Earn, and because of a lawsuit by the top U.S. securities regulator. Gemini is the brainchild of mega-crypto investors Cameron and Tyler Winklevoss, who still helm the company. Source

Asian Traders Behind Bitcoin’s Recent Gains, Report Reveals

January 18, 2023 boss

Data shows most of Bitcoin’s recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most Returns During Asian Trading Hours As per the latest weekly report from Arcane Research, Asian trading hours saw positive cumulative BTC returns of around 16% between November 27 and January 15. The report defines the three principal trading hours: between 0 to 8 Central European Time (CET) for Asian hours, 8-16 CET for European, and 16-24 for the US. Here is a chart that shows…

Crypto Lawyers Share Blame for FTX, Other Disasters, CFTC Commissioner Says

January 18, 2023

At the risk of offending their crypto employers, Goldsmith Romero said the experienced hands – also including the investment firms backing these companies – “need to step up, and call for compliance, controls, and other governance, without allowing the promise of riches and the company’s marketing pitch to silence their objections to obvious deficiencies.” Source

Lido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama

January 18, 2023

According to data from Nansen, of the circulating supply of stETH, some 931,000, or 20%, sits in crypto lending platform Aave’s aSTETH Token contract, while roughly 411,000 or 8.75% resides in decentralized stablecoin exchange Curve’s stETH-ETH Swap contract, demonstrating the token’s wide integration into DeFi protocols. CryptoX Portal

How Can Bitcoin Be SO BULLISH With Recession Ahead? Crypto Prediction 2023

January 18, 2023

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Free Crypto & Economic Report TIA Gann Swing Indicator … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis – Bitcoin News

January 18, 2023 boss

According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission (SEC) charging a subsidiary firm of DCG, Genesis Global Capital, with operating an “unregistered offer and sale of securities to retail investors.” Digital Currency Group Takes Steps to Strengthen Balance Sheet by Suspending Dividends On Jan. 17, 2023, Coindesk reporter Ian Allison published an article disclosing that the Digital Currency Group (DCG) is suspending dividend payments…