Day: March 2, 2023

Crypto Exchange OKX Seizes 2,000,000 in USDT From Five Accounts Allegedly Involved in Price Manipulation

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Crypto exchange OKX says it has taken action against five accounts involved in the market manipulation of Celestial (CELT). CELT is the native token of the Celestial metaverse project, which recently announced the creation of a new blockchain game. Celestial developers promoted the game on social media using the OKX brand, causing the price of CELT to surge by nearly 200% before dropping by over 50% in the past 24 hours. Amid allegations of insider trading, OKX says it did not authorize the promotion and denies having a business relationship…

Invest Answers tells markets why bitcoin looks great

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Invest Answers, one of the most influential voices in the world of finance on YouTube, has just made a bold prediction about bitcoin’s future in March 2023. Invest Answers, a popular YouTube channel, broadcasted its monthly outlook on Thursday, discussing the performance and behavior of bitcoin and various other cryptocurrencies. A bright near term view on bitcoin Invest Answers shared their thoughts on what we can expect from bitcoin in the coming months. According to the YouTube giant, bitcoin is poised for a strong rally in March 2023, showing that…

Aurora Labs Launches Turnkey Blockchain Solution for Businesses Transitioning to Web3 – Press release Bitcoin News

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press release PRESS RELEASE. Aurora Cloud is the all-in-one cloud infrastructure solution bridging Web2 and Web3. 03/02/2023 Denver – Web3 infrastructure startup Aurora Labs announced the launch of Aurora Cloud, a platform and suite of products that allows today’s Web2 businesses to capture the value of Web3. Aurora Cloud — Platforms like Amazon AWS and Microsoft Azure unleashed the potential of Web2 by democratizing the building blocks of the internet. In a similar way, Aurora Cloud — including Borealis Business, Aurora Pass and Aurora Silos — eliminates the technical and…

Why We Should Want to Keep Crypto in America — CoinDesk

As long as crypto continues to exist, ordinary Americans will find ways to buy and trade it, venture capitalists will invest in it, and entrepreneurs will build projects around it. If the U.S. can’t get its act together, domestic crypto projects will just operate in a gray area, and Americans will turn to offshore entities with potentially weaker safeguards. In other words, if the SEC is serious about U.S. investor protection, it would make more sense to keep crypto businesses at home. Source

House Digital Assets Panel Chair Ready to Work With Ag Committee on Crypto Framework

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Proposed South Dakota amendment to UCC would prohibit cryptocurrencies, but not CBDC

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Legislation has been introduced in the American state of South Dakota to amend the Uniform Commercial Code (UCC) to limit the definition of money to exclude cryptocurrencies. Central bank digital currencies (CBDC) would still be considered money under the proposed new definition.  The 117-page amendment, introduced into the state house of representatives by Republican Mike Stevens, defines “money” as “a medium of exchange that is currently authorized or adopted by a domestic or foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by…

Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits – Bitcoin News

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During the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance (defi) has also increased, with its TVL accounting for 19.08% of the $49.66 billion locked in defi today. While the rise in ethereum’s price has contributed to the increase in TVL, Lido’s liquid staking program reportedly received a total deposit of at least 303,000 ether from Tron founder Justin Sun. Onchain Data Shows Tron…