Day: March 4, 2023

Digital Assets Under Management 5.25% Higher in February — Grayscale Still ‘Most Dominant Player’ – Featured Bitcoin News

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The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the background of rising U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto industry players. Bitcoin and ethereum continue to account for the lion’s share of the digital assets under management. Highest AUM Since May The total U.S. dollar value of digital assets under management (AUM) in February rose to $28.3 billion up from approximately…

India explores offline functionality of CBDCs: RBI executive director

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India’s recently launched in-house central bank digital currency (CBDC), the e-rupi, is now being tested for offline functionality, revealed Ajay Kumar Choudhary, Executive Director at the Reserve Bank of India (RBI). The RBI — India’s central bank and regulatory body — launched the wholesale segment pilot for the digital rupee on Nov. 1, 2022, and onboarded 50,000 users and 5,000 merchants for real-world testing. As of Feb. 25, roughly $134 million (1,100 crore rupees) in 800,000 transactions have been completed via wholesale CBDCs. Building on this progress, RBI’s Choudhary said that…

Major crypto market declines after Silvergate liquidity crisis

The crypto market experiences a significant slump following the announcement of Silvergate Bank’s earnings report for the fourth quarter of 2022. Cryptocurrency investors were in for a rude awakening as the market experienced a steep decline in recent weeks. Investor and trader, The Elite Crypto, expressed in a tweet they believe that the culprit behind this massive slump is none other than Silvergate Bank. The crypto market cap is down over 3.3% in the past 24 hours, with many digital currencies experiencing significant losses. The crypto market has been on…

FTX’s Sam Bankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says

Bankman-Fried’s laptop will be restricted to a whitelist of approved websites, including news, sports, Wikipedia and the U.S government, and his use of video games and other connected applications should be restricted, U.S. Attorney Damian Williams said in a filing that said it was made “on behalf of the parties,” suggesting the former FTX executive’s defense counsel had agreed to the conditions. Source

Dan Harmon’s NFT show set for season 3, NFT-friendly Square Enix CEO steps down and more…

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Krapopolis, the NFT-affiliated cartoon series from Rick and Morty co-creator Dan Harmon has been renewed for a third season by Fox, despite season one not even airing yet. The Krapopolis team announced the renewal via Twitter in March. 2, and emphasized that NFT holders can still engage with the show before it airs. HOLY KRAP! Citizens we just got BIG news that Krapopolis has been renewed for a *third season*. You don’t need to wait for the show to start, you can start participating now by voting, viewing exclusive content,…

Warren Buffett-Backed Neobank Nubank Launches Own Currency Nucoin – Exchanges Bitcoin News

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Warren Buffett-backed Nubank, a Brazil-based neobank that debuted crypto trading options back in May 2022 on its platform, has announced the launch of nucoin, its own cryptocurrency. Part of the first batch of the currency, issued on top of Polygon’s network, will be issued to its customers as an airdrop, and for cashback purposes. Nubank Launches Nucoin Cryptocurrency Warren Buffett-backed Nubank, one of the biggest digital neobanks in Latam, has announced the issuance of its own cryptocurrency called nucoin. The token, which is issued on top of the Polygon network,…

ETH Denver 2023 continues with talks about crypto and DAOs

ETH Denver kicked off Feb. 24 and continues attracting traction with quality talks and discourses about the crypto space. ETH Denver 2023 background The blockchain landscape hosts a couple of events every year to explore the problems and growth of the industry. One of the most significant events is the ETH Denver in Denver, Colorado. This year’s ETH Denver event began on Feb. 24 and will continue towards March 5. While the event took off a couple of days ago, reports indicate that the main events and talks occur between…