February 2023

Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond – Bitcoin News

February 16, 2023 boss

According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhattan, the New York judge presiding over the case unsealed the co-signers of Bankman-Fried’s bond on Wednesday. The names of the two bail bond co-signers that were previously redacted from court documents are Stanford University alumni Larry Kramer and Andreas Paepcke. Details Emerge on SBF’s Bail Bond Co-Signers Sam Bankman-Fried (SBF), co-founder of FTX, faces eight counts of financial misconduct for allegedly mishandling customer funds. He is currently out on bail and is…

Art Blocks and NFT Gallery Bright Moments Team Up to Bring Generative Art IRL

February 16, 2023

The two companies have commissioned artist Michael Kozlowski, commonly known as Mpkoz, to release a collection for this partnership. Titled Metropolis, the body of work features generative art NFTs based on architectural influences from London, Berlin, New York, Mexico City and Los Angeles – five cities where Bright Moments galleries are located. Source

Hong Kong issues HK$800m in tokenized green bonds

February 16, 2023 boss

The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR Government) announced on Feb 16 that it had issued HK$800 million in tokenized green bonds, under the Government’s Green Bond Program (GBP). The bonds were underwritten by four banks and priced at a yield of 4.05%. According to the announcement, the platform used Goldman Sachs’ tokenization protocol GS DAP for the bond, which uses a private blockchain network to settle security tokens representing the beneficial interests of bonds in a T+1 payment-vs-payment (DvP) manner,…

Bankman-Fried’s Stanford-Connected Backers and the Decline of Tech Prestige

February 16, 2023

Crypto, which has a presence in both Silicon Valley and Wall Street, has certainly benefited from this system. But it might benefit more from the tarnishing of Big Tech’s prestige. Companies like Google and Facebook used to sop up talent by offering generous benefits, uber-competitive salaries and, perhaps most importantly but hardest to quantify, prestige. Source

Coinbase Downgraded to Neutral at DA Davidson Ahead of Earnings

February 16, 2023

D.A. Davidson analyst Chris Brendler downgraded Coinbase (COIN) to neutral from buy after a more than doubling in the stock in 2023 sent the price surging past his $55 price target. Source

Bitcoin bulls aim to hold this week’s BTC gains leading into Friday’s $675M options expiry

February 16, 2023 boss

While the U.S. Federal Reserve (FED) continues to monitor the overheated economy, the most likely scenario is further interest rate hikes to curb inflation. The unintended consequence is the heightened government debt cost, creating a bullish environment for scarce assets such as commodities, stock market and cryptocurrencies. Bitcoin’s price gain practically extinguished bears expectation for a sub-$21,500 options expiry on Feb. 17, so their bets are unlikely to pay off as the deadline approaches. Bitcoin investors’ primary concern is the possibility of further impacts from regulators following the staking rewards…

TrueFi’s TRU Token Rallies Over 200% After Binance’s TUSD Mint Sparks Speculation

February 16, 2023

CryptoX – Cryptocurrency Analysis and News Portal The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is. Source The post TrueFi’s TRU Token Rallies Over 200% After Binance’s TUSD Mint Sparks Speculation appeared first on CryptoX. CryptoX Portal

Flashbots Proposes New Class of ‘Matchmakers’ to Share Maximal Extractable Value (MEV) Gains With Ethereum Users

February 16, 2023

MEV represents the profits made by validators and blockbuilders as a result of reordering or including certain transactions in certain data blocks. Initially seen as an abusive extra tax on users imposed by opportunistic traders wedging themselves into the blockchain process, the practice has become ubiquitous. Source

Access Protocol’s ACS Token Rallies After Web3 Paywall’s Public Airdrop

February 16, 2023

With the public token airdrop now over, traders have stepped in to juice the value of ACS over 300% since launch, according to CoinGecko, which conducted the distribution. It’s trading around 2 cents with a circulating market cap of $620 million. CoinGecko data shows nearly a third of ACS tokens have been unlocked thus far. Source

The DeFi Platform That’s Taking NFTs to the Next Level – Press release Bitcoin News

February 16, 2023 boss

press release PRESS RELEASE. On February 14, the highly anticipated Blur airdrop was finally kicked off. According to Dune Analytics, as of February 15, over 40,000 addresses have claimed the Blur airdrop, with 8.2% of them receiving over 10,000 tokens. Most users received between 1,000 and 10,000 BLUR tokens, with 7,000 tokens distributed to every user on average. On CoinEx, the BLUR price stood at about $0.8 on the distribution day. Based on that figure, the Blur airdrop provided users with $5,600 worth of tokens on average, making it another…