Day: February 1, 2023

US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group

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The Office of Foreign Assets Control of the United States Department of the Treasury has added two cryptocurrency wallets allegedly connected to a Russian sanctions evasion network as part of its list of Specially Designated Nationals. In a Feb. 1 announcement, OFAC said it had added one Bitcoin (BTC) address and one Ether (ETH) address to its list of sanctioned entities as part of a move to “methodically and intensively target sanctions evasion efforts around the globe.” Treasury said it would impose “full blocking sanctions” on 22 individuals, including Jonatan Zimenkov,…

What is Solend and how does it work

Solend is a decentralized lending and borrowing protocol built on Solana. It is lauded for expanding the methods available for Solana users to boost financial gains. Filling a large gap in the Solana ecosystem, Solend drew a staggering $100 million in deposits in just over a month post-launch. Related: DeFi lending and borrowing, explained Solend rode the high scalability of the Solana blockchain, which had built its reputation for being fast and with low transaction fees. The arrival of Solana meant users could use their capital efficiently by lending and…

Coinbase NFT Pauses New Collection Drops, Denies Shuttering Marketplace

Coinbase’s NFT drops feature allowed creators to release collections directly on the marketplace, rather than serving as a secondary marketplace such as leading NFT platform OpenSea. According to data from Dune Analytics, Coinbase NFT’s all-time trading volume is 4,454 ETH, nearly $7 million. In the month of January alone, OpenSea raked in a 306,645 ETH trading volume, about $483 million. Source

Retail giant Pick n Pay to accept Bitcoin in 1,628 stores across South Africa

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The South African grocery retailer Pick n Pay is expanding its Bitcoin (BTC) coverage to all 1,628 stores across the country following a three-month pilot testing phase in 39 locations.  As part of its nationwide rollout, store customers will be able to pay for items using cryptocurrency via smartphone apps or by scanning a QR code and accepting the South African rand’s conversion rate at the time of payment. Good news, everyone! CryptoQR is now active at all Pick-n-Pay stores across South Africa, including PnP express and clothing shops! You…

Judge Dismisses Proposed Class Action Suit Alleging Coinbase Sold Unregistered Securities

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Federal Reserve Lifts Interest Rates Another 25 Basis Points

With the 25 basis point rate hike largely priced in, markets were looking for clues in the accompanying policy statement about whether the central bank was mulling a pause in its monetary tightening cycle. For now, that doesn’t appear to be the case, with the FOMC saying “ongoing increases” in rates will be necessary. Source

Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High  – Markets and Prices Bitcoin News

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On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT is still up 349% compared to last month’s exchange rate. Aptos Hits $20 Ceiling, Slides 20% Lower From All-Time High Aptos, a layer one (L1) blockchain created by two developers from the former Diem cryptocurrency project at Meta, saw significant growth against the U.S.…

Why Venture Capitalists Won’t Be Punished for Investing in FTX

The list of FTX investors who in aggregate invested over $2 billion, and subsequently had to write it all off, spans an impressive “who’s who” of well-known investment firms, including NEA, IVP, Third Point Ventures, Tiger Global, Insight Partners, Sequoia Capital, SoftBank, Lightspeed Venture Partners, Temasek Holdings and BlackRock. Source CapitalistsFTXInvestingPunishedVentureWont CryptoX Portal

Meta gets court win in metaverse acquisition plans: Report

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A federal judge in the United States has reportedly given approval for tech giant Meta to move forward on acquiring a virtual reality company. According to a Feb. 1 report from Bloomberg, Judge Edward Davila in U.S. District Court for the Northern District of California denied an injunction by the Federal Trade Commission, or FTC, as part of an effort to block Meta from purchasing VR firm Within. However, he also reportedly issued a temporary restraining order preventing Meta from closing the deal for at least a week. The ruling…