Day: March 16, 2023

AllianceBlock, ABO Digital to Offer Tokenized Structured Products

ABO Digital – the digital-asset investment arm of ABO Group, which provides private financing for publicly traded companies – will help negotiate and structure the financial instruments based on a project’s capital and liquidity goals. AllianceBlock will tokenize the assets and turn them into compliant “actively managed certificates,” which is a type of structured product that lets an investor track and benefit from an underlying asset without having direct ownership. Source

FTX Paid SBF and Others $3.2 Billion 

FTX made the transfers to SBF and others via the former CEO’s trading firm Alameda Research.  According to the new management of bankrupted crypto exchange FTX, $2.2 billion was transferred to SBF via various entities. In a press release, the company revealed that more than $3.2 billion was sent to Sam Bankman-Fried and other major employees according to a Schedules of Assets and Liabilities and Statements of Financial Affairs filed on March 15. FTX Transfers Over $3B to SBF and Other Key Employees Following SBF, who is the largest beneficiary,…

The metaverse strikes back

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Even the harshest critics cannot deny the exponential growth opportunity for metaverse tokens. Not only are they not completely governed by the same forces behind popular cryptocurrencies, but as time progresses, it’s increasingly difficult to write off the metaverse as a mere ‘fad’ as investors begin to understand where the industry can genuinely lead. With the metaverse tokens and this recent price action, there is more than meets the eye.  Reflecting this sentiment, metaverse tokens have had a flying start to 2023. In January, Decentraland (MANA) rose by a gleaming…

The metaverse strikes back – CryptoX

Even the harshest critics cannot deny the exponential growth opportunity for metaverse tokens. Not only are they not completely governed by the same forces behind popular cryptocurrencies, but as time progresses, it’s increasingly difficult to write off the metaverse as a mere ‘fad’ as investors begin to understand where the industry can genuinely lead. With the metaverse tokens and this recent price action, there is more than meets the eye.  Reflecting this sentiment, metaverse tokens have had a flying start to 2023. In January, Decentraland (MANA) rose by a gleaming…

BTC Moves Briefly Back Above $25,000 – Market Updates Bitcoin News

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Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated in today’s session. Bitcoin Bitcoin (BTC) rose back above the $25,000 level in today’s session, as market volatility eased, as the Swiss National Bank moved to prevent a collapse of Credit Suisse. Following a low of $23,964.91 on Wednesday, BTC/USD rallied to an intraday peak of $25,240.62…

Is crypto a commodity or a security?

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The crypto industry waits anxiously for the decision of Judge Analisa Torres of the Southern District Court of New York on the Securities and Exchange Commission (SEC) versus Ripple Corporation case. Ripple owns the popular XRP crypto token, which is currently still in the Top 10 of Coinmarketcap.com, a popular token-tracking website. The SEC charged in December 2020 that “Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in an unregistered securities offering to investors in the U.S. and worldwide. Ripple also allegedly distributed…

Arbitrum to Airdrop New Token and Transition to DAO

Arbitrum worked with Nansen, the crypto analytics firm, to “snapshot” user activity in February in order to determine who should be eligible for ARB tokens. “How many transactions you did, how many different applications you used, and how long you’ve been using” Arbitrum One and Arbitrum Nitro were among the factors used to determine eligibility, according to Goldfeder. Source

Investors Pull Coins From Bitcoin Funds

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Bitcoin funds are bleeding coins even as U.S. bank failures fuel expectations of an early Federal Reserve pivot in favor of liquidity easing. Usually, if the Fed doesn’t raise rates aggressively like it has been doing, risky assets like bitcoin benefit, but the opposite is occurring with the bitcoin funds. Data tracked by ByteTree Asset Management shows the number of coins held by close-ended funds, spot and futures-focused exchange-traded funds in Europe, the U.S. and Canada has declined by 16,560 BTC ($409 million) this month, reaching a 17-month low of…