Month: January 2023

Web3 Social Wallet Tribes Launches With $3.3M in Funding

“Web3 primitives for co-ownership and collective action are transformative, but few people can make sense of the existing products and processes required,” Bouabdallah said in a statement provided to CryptoX. “In order to realize the full promise of Web3, nailing collective action is absolutely essential. Our approach to embed it directly into group chat makes these powerful and newly possible Web3 actions understandable and accessible to the masses.” Source 3.3MfundingLaunchessocialtribesWalletWeb3 CryptoX Portal

Insider Trading and Cryptocurrency | Blockchain News

Particularly in light of the recent conviction of an ex-Coinbase manager’s brother for insider trading, the problem of insider trading has emerged as one of the most pressing concerns in the cryptocurrency ecosystem. It was thought that the allegations of insider trading using cryptocurrencies were the first of their kind; however, a new set of wallet addresses with a transaction history that is related to Binance listings has now sparked suspicions. The director of Coinbase, Conor Grogan, turned to Twitter in order to draw attention to the transactional behaviour of…

NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry – Regulation Bitcoin News

boss

On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer funds should be segregated with separate accounting. FTX Collapse Prompts NYDFS to Issue Guidance on Virtual Currency Custodian Regulations Following the recent collapse of FTX and allegations directed at its co-founder, Sam Bankman-Fried, and top deputies, the New York Department of Financial Services (NYDFS) released guidance detailing that…

Why Bitcoin Has The Momentum To Run Beyond 23,000

boss

The price of Bitcoin keeps smashing resistance levels while reclaiming previously lost territory. Unlike other rallies into the current area, this price action might suggest a persistent trend and a new dawn for the industry following months of collapsing companies and bankruptcies.  As of this writing, Bitcoin (BTC) trades at $22,800 with sideways movement in the last 24 hours. In the previous week, the cryptocurrency records a 10% profit. Other cryptocurrencies in the top 10 by market capitalization are experiencing similar price action with substantial profits over this period.  BTC’s…

Crypto Exchange Coinbase Secures Big Sponsorship With Iconic German Soccer Team: Report

boss

US-based crypto exchange Coinbase is reportedly set to become a premium partner of German soccer team Borussia Dortmund (BVB). According to a report from Handelsblatt, the largest crypto trading platform in the US will get more sponsorship arrangements with BVB once Germany’s primary football league, the Bundesliga, resumes after the winter break.  Coinbase has been BVB’s partner since July last year, with the trading platform providing crypto education to the sports club’s employees.  The expanded partnership will enable the exchange to get perimeter advertising and cam carpets in Signal Iduna Parl…

Bitcoin miners’ worst days may have passed, but a few key hurdles remain

boss

Bitcoin’s mining industry has been relatively stable compared to the bearish price action and the tumultuous fallout of exchanges and lending companies.  The network’s hashrate dipped slightly toward the end of 2022, primarily due to an unprecedented blizzard in the U.S., and has since recovered strongly to surpass its previous peak above 270 EH/s. It was particularly encouraging to see that the hashrate holding well above summer 2022 lows, despite the aftermath of FTX collapse. Bitcoin 7-day average hash rate. Source: Glassnode However, despite the recent robustness in a variety…

Bitcoin Miner Argo Blockchain’s Shares Climb After Regaining Nasdaq Listing

CryptoX – Cryptocurrency Analysis and News Portal On Dec. 16, Nasdaq notified Argo that its shares didn’t comply with rules to be listed in the exchange, as closing bid prices for its stock were below $1 for 30 consecutive days. The miner was given until June 12 of this year to regain its listing privileges with Nasdaq, before potentially being delisted from the exchange. Source The post Bitcoin Miner Argo Blockchain’s Shares Climb After Regaining Nasdaq Listing appeared first on CryptoX. CryptoX Portal

Vitalik Buterin Proposes a Privacy Fix for Ethereum

boss

Vitalik Buterin, the co-founder of Ethereum, recognizes the privacy problem in the most active smart contracting platform. He is proposing a stealth address system as a possible fix. Vitalik Buterin’s idea radically differs from what Tornado Cash, a crypto mixer, and similar platforms offer. Instead of the sender having control, it would be the recipient in charge. This is crucially important because, in ordinary settings, the asset receiver would desire to keep transactions, financial or otherwise, private and away from the public’s prying eyes.  By default, transactions in Ethereum and other public…