Day: February 15, 2023

FDIC warns CEX.IO and its reviewers to remove potentially false claims about insurance

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The United States Federal Deposit Insurance Corporation (FDIC) has sent a letter to executives of cryptocurrency exchange CEX.IO warning them that they are potentially in violation of federal law due to false and misleading statements about the exchange’s insurance status. The agency has given the exchange 15 days to make corrections. The statement in question is found in the small print details of the exchange’s state money transmitter license information. The information for Rhode Island reads, “U.S. dollars held in your CEX.IO fiat currency wallet are FDIC-insured up to $250,000…

Bitcoin Ordinal Inscriptions Surge Past 100,000 Mark, Spurring Development of Supporting Infrastructure – Bitcoin News

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According to the latest statistics, more than 100,000 ordinal inscriptions have been added to the Bitcoin blockchain since the start of the trend. Amid the growing popularity, people have launched supporting marketplaces and tools that allow individuals to inscribe without a full node. Additionally, a decentralized Ordinal exchange is reportedly in the works. 100,000 Inscriptions and Growing: Increased Ordinal Inscriptions Lead to Record Bitcoin Metrics Roughly nine days ago, there were fewer than 10,000 Ordinal inscriptions on the Bitcoin (BTC) blockchain. Since then, inscriptions have increased by 1,434%, surpassing the…

Abu Dhabi to back the growth of Web3 startups with $2B

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Abu Dhabi’s technology ecosystem, Hub71, has announced a new initiative called “Hub71+ Digital Assets,” with a capital backing of over US$2 billion. This project aims to advance Web3-based innovations, such as blockchain technology and metaverse applications. The initiative aspires to provide Web3 startups with access to a range of programs, and initiatives, as well as, corporate, government, and investment partners in both global markets and the UAE. The Hub71+ Digital Assets initiative said it intends to provide Web3 startups with access to a state-of-the-art blockchain and virtual asset infrastructure, as…

Regulators Failed to Address Crypto Collapses, Now They’re Going After ‘On-Ramps’

In a later interview with CoinDesk Campbell said while unintentional, “I think the problem is that it is the world [federal regulators] have created, and it’s important to surface that point.” While U.S.-licensed companies are getting “smacked around,” offshore companies like Tether, the issuer of the USDT stablecoin, are “just growing and growing and growing.” Source

Bitcoin Soars Past $23.7K to Reach 13-Day High

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France’s top museum to display NFTs: Nifty Newsletter, Feb 8–14

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In this week’s newsletter, read about how France’s top contemporary art museum will display nonfungible tokens (NFTs). Find out why a founder of the Bored Ape Yacht Club (BAYC) copycat project, RR/BAYC, is opposing trademark applications from Yuga Labs. Check out how NFTs based on Ethereum lost 60% of their market capitalization, and learn how Bitcoin (BTC) non-zero addresses surged because of Bitcoin NFTs. And don’t forget this week’s Nifty News, featuring American socialite Paris Hilton launching a dating metaverse called Parisland.  France’s top modern art museum to display CryptoPunks,…

New Lamborghini NFT Collection Revs Up for Release on VeVe

The NFTs, which are set to be listed on VeVe Feb. 19, will feature the Huracán STO model with a range of rarity traits. Once purchased, collectors can showcase their NFTs in the app’s virtual showrooms, share on their VeVe social feeds, and use augmented reality (AR) to view and “drive” their car on streets in the real-world. Source CollectionLamborghiniNFTReleaseRevsVeVe CryptoX Portal

Price analysis 2/15: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

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Bitcoin and select altcoins have rebounded sharply off their support levels, a possible sign that traders are buying the recent dip in the market. Bitcoin (BTC) is leading the cryptocurrency markets on the path to recovery. Although the United States Consumer Price Index (CPI) print for January was marginally higher than expectations, it did not dent the enthusiasm of bullish crypto trader. A positive response to seemingly negative data is a sign that the sentiment is bullish and traders are looking for buying opportunities. However, some analysts are cautious due…

Judge allows release of guarantors’ identities behind Sam Bankman-Fried’s bail

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A federal judge has allowed identities of guarantors who signed on sureties for former FTX CEO Sam Bankman-Fried’s $250 million bond to be made public following a request from several news outlets. Court documents released on Feb. 15 showed that the two previously unidentified individuals were Andreas Paepcke, a senior research scientist at Stanford University and Larry Kramer, a former dean of Stanford Law School. The two signed on as sureties for Bankman-Fried’s bail on Jan. 25 for $200,000 and $500,000, respectively. Eight major news outlets petitioned Judge Lewis Kaplan…