Month: March 2023

US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner – Regulation Bitcoin News

boss

U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. The loans were also used to purchase bitcoin from a New York-based cryptocurrency exchange, said the U.S. Department of Justice (DOJ). Coindawg’s Crypto ATMs Seized The U.S. Department of Justice (DOJ) announced on Thursday that Charles Riley Constant, aka Chuck Constant, has been arrested “for charges in connection with a scheme to steal and launder over $1 million in…

Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

boss

Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange and tools that make the decentralized finance (DeFi) ecosystem safer.  The trading platform outlined the four areas in a post published on March 24, about a month after Coinbase launched Base, a network that is secured by Ethereum and powered by fellow layer-2 network Optimism. Are you a builder passionate about making the onchain economy…

Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools that make the decentralized finance (DeFi) ecosystem safer.  The trading platform outlined the four areas in a March 24 post — about a month after Coinbase launched Base on Feb. 23. Base is secured by Ethereum and powered by fellow layer-2 network Optimism. Are you a builder passionate about making the…

US Lawmaker Introduces Bill to Affirm Blockchain Developers and Non-Custodial Services Are Not Money Transmitters – Regulation Bitcoin News

boss

A U.S. lawmaker has introduced the Blockchain Regulatory Certainty Act to ensure that developers and non-custodial service providers in the crypto space are not considered money transmitters and are not subject to the same level of regulation as custodial cryptocurrency exchanges. “The longer we delay providing this commonsense clarification, the greater risk that this transformative technology is driven overseas, depriving domestic users and investors,” the lawmaker warned. Blockchain Regulatory Certainty Act Launched U.S. Congressman Tom Emmer (R-MN), the majority whip of the U.S. House of Representatives, announced on Thursday that…

Arrested Bitzlato Exchange Founder Seeks Help From Crypto Community – Exchanges Bitcoin News

boss

The founder of crypto exchange Bitzlato, who is facing a money laundering case in the U.S., is seeking support from members of the community. Anatoly Legkodymov was arrested in January for his role in the trading platform which allegedly processed millions of dollars’ worth of illicit funds. Bitzlato Founder Looking for Bail Guarantors in U.S. Anatoly Legkodymov, one of the founders and majority owner of the Russia-linked cryptocurrency exchange Bitzlato, has turned to the crypto community, hoping to find U.S. citizens who would agree to become guarantors for his release…

Banking crisis pushed over $286B to money market funds in two weeks: Report

boss

The banking crisis has led many investors to rotate their portfolio investments in the past two weeks, sending over $286 billion into United States money market funds so far in March, according to EPFR data obtained by the Financial Times. The top winners from investors flooding cash into US money market funds in the past two weeks are Goldman Sachs, JPMorgan Chase, and Fidelity, according to the figures. Goldman Sachs’ money funds have received $52 billion, a 13% growth, while JPMorgan’s funds poured almost $46 billion and Fidelity saw inflows…

Greenpeace Unveils ‘Skull of Satoshi’ to Spark Debate Over Bitcoin’s Environmental Impact; Creator Clarifies It ‘Wasn’t Meant to Be Anti-Bitcoin’ – News Bitcoin News

boss

Greenpeace, the well known environmental NGO, has unveiled the “Skull of Satoshi,” an art installation intended to spark debate about the impact of Bitcoin on the environment. The 11-foot skull was constructed with electronic waste materials and features smokestacks and Bitcoin logos. However, its creator, Benjamin Von Wong, explained it was not meant to be an anti-Bitcoin symbol. Greenpeace Unveils ‘Skull of Satoshi’ Art Installation Greenpeace, the international environmental NGO, unveiled the “Skull of Satoshi” on March 23, an 11-foot art installation destined to criticize Bitcoin’s effect on the environment.…

Stablecoin supply on cryptocurrency exchanges down 50% in 4 months

Glassnode data on Mar. 26 shows that the stablecoin supply on exchanges has more than halved to less than $24b in four months. Stablecoin supply on exchanges dropping In November, stablecoin supply on exchanges stood at over $44b. Still, this figure, triggered by several fundamental factors, including regulatory actions, has been contracting over the months. As of writing, only about $24b is held in various cryptocurrency exchanges. Some analysts believe that a big chunk might have been converted to other liquid crypto assets or currencies, including bitcoin (BTC) and ethereum (ETH), or…

3 cryptocurrencies targeting spring rally: DigiToads, ethereum, and aptos

As cryptocurrency evolves, new projects and tokens are constantly vying for attention and investment. DigiToads (TOADS) is popular among investors and enthusiasts. This article will look at DigiToads and compare its potential price predictions to other popular tokens, including ethereum (ETH) and aptos (APT). DigiToads (TOADS) DigiToads aims to become a top meme token, like Dogecoin, Shiba Inu, and Dogelon Mars. It also establishes itself as a play-to-earn (P2E) token, such as The Sandbox, Axie Infinity, Decentraland, and GALA. DigiToads is also a platform that seeks to enhance our lives…