Crypto exchange Coinbase (COIN) topped Q4 estimates Tuesday evening, but shares are sharply lower today alongside a sizable pullback in crypto. Source
Coinbase Stock Tumbles 6% After Earnings
Month: February 2023
FTC announces investigation into Voyager’s ‘deceptive and unfair marketing’ of crypto
The United States Federal Trade Commission, or FTC, said it had started an investigation of crypto lending firm Voyager Digital parallel to the company’s bankruptcy proceedings. In a Feb. 22 filing in U.S. Bankruptcy Court for the Southern District of New York, the FTC said it was investigating Voyager and its employees “for their deceptive and unfair marketing of cryptocurrency to the public”. The announcement followed Bankruptcy Judge Michael Wiles initially approving of a plan in which Voyager debtors would sell the firm’s assets to Binance.US for more than $1…
Bitcoin Soars Over $25K, MEXC (MX) Rockets To All-Time High in 2023 – Press release Bitcoin News
press release PRESS RELEASE. With Bitcoin surging to reach a new 2023 high, MX has been the top performer in exchange tokens, with a 7-day growth of 32%. Bitcoin’s price rising over $25,000 has sparked a frenzy of activity in the cryptocurrency market. With investors flocking to take advantage of the price gains, the trading volume for top exchanges has significantly increased. As one of the leading exchanges, MEXC announced that its futures business made a significant breakthrough, with an average daily trading volume growth of 1200%. KEY FACTS BTC…
NBA's 'Top Shot' NFTs Are Securities, Judge Rules in Dapper Labs Case
CryptoX – Cryptocurrency Analysis and News Portal Dapper Labs’ NBA-branded “Top Shot” non-fungible tokens are securities, a federal judge ruled Wednesday.This is a developing story and will be updated. Source The post NBA's 'Top Shot' NFTs Are Securities, Judge Rules in Dapper Labs Case appeared first on CryptoX. CryptoX Portal
ZenGo’s NFT Hack Detector | Blockchain News
A real-time dashboard has been made available in the OpenSea marketplace by a wallet security team. This dashboard gives community members the ability to identify, track, and monitor possible breaches using nonfungible tokens (NFTs) utilizing offline signatures. The company behind the cryptocurrency wallet ZenGo claims that they have developed an NFT hack detection using a straightforward approach. This involves keeping a record of realized NFT transactions in the NFT marketplace and comparing the amount of each trade to the floor price of the NFT collection. It will be detected as…
Bitcoin Miners Hut 8, U.S. Bitcoin Corp. to Merge
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Shares of Hut 8 Mining (HUT) continue to slide after the bitcoin mining firm said last week it agreed to merge with U.S. Bitcoin Corp. Hut 8 Mining CEO Jaime Leverton and US Bitcoin Corp. founder and President Asher Genoot discuss how the merge will benefit both companies as the crypto winter continues. Plus the implications for decentralization and how to ensure profitability in bitcoin mining. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
NBA's 'Top Shot' NFTs May be Securities, Judge Rules in Dapper Labs Case
Dapper Labs’ NBA-branded “Top Shot” non-fungible tokens are securities, a federal judge ruled Wednesday.This is a developing story and will be updated. Source
Canadian Crypto Trading Platforms Face 'Enhanced' Rules Under New Regulations
The Canadian Securities Administrators published new guidance for the local crypto industry Wednesday, warning exchanges and other platforms they would have to abide by “enhanced investor protection commitments.” Source
Bitcoin Lightning Network growth is organic, coming from real-world adoption
The capacity of Bitcoin’s Lightning Network (LN) recently surpassed an all-time high of 5,000 Bitcoin (BTC). The Lightning Network is a neutral protocol built on top of Bitcoin, and it currently does not have a “native” token attached to it like many decentralized finance (DeFi) platforms. Although the Lightning Network’s total liquidity is less than 0.5% of the Ether (ETH) in DeFi contracts, the uptrend in Bitcoin’s LN capacity versus a downtrend in the amount of ETH locked in smart contracts is encouraging for LN development. Total ETH locked in…
BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning – Bitcoin News
According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority of Singapore on Wednesday, Carstens stressed that stablecoins are not reliable because they lack the “institutional arrangements and social conventions behind them.” Agustin Carstens Insists Cryptocurrencies Lost the ‘Battle’ to Fiat Currencies Agustin Carstens, the general manager of the Bank for International Settlements (BIS), believes that cryptocurrencies have lost the battle against national currencies such as the…