Day: April 3, 2023

‘It’s Always Longer Than Some Predictions’ – Economics Bitcoin News

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Ron Paul, a former U.S. representative and member of the Libertarian Party, has addressed recent events directed to undermine the influence of the U.S. dollar as a reserve currency in international markets. Paul believes that even if this does happen, it will probably take more time than some predictions are saying. Ron Paul Analyzes Fall of US Dollar Hegemony In the latest edition of his online webcast “The Ron Paul Liberty Report,” former United States representative Ron Paul analyzed the standing of the U.S. dollar as a reserve currency and…

Bitcoin, BNB Drop on Unverified Rumor Binance’s Changpeng Zhao Faces Interpol Red Notice

CryptoX – Cryptocurrency Analysis and News Portal “A Red Notice is a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action,” according to the Interpol website. “The individuals are wanted by the requesting member country, or international tribunal,” the site added. Source The post Bitcoin, BNB Drop on Unverified Rumor Binance’s Changpeng Zhao Faces Interpol Red Notice appeared first on CryptoX. CryptoX Portal

INX security token platform gets its first token from a public company, Greenbriar

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INX has launched its first securities token issued by a public company, according to an Apr. 3 announcement from the tokenization platform. Public company shares on the blockchain?Witness the future in action!Proud to team up with @Greenbriarcorp to tokenize its GEBRF traditional shares in an industry-first!https://t.co/sS4p5MIwa3 — INX (@INX_Group) April 3, 2023 The new token represents shares of Greenbriar Capital, which is traded in non-token form on the U.S. over-the-counter (OTC) market under the ticker symbol GEBRF and on the Toronto Stock Exchange as GRB. Greenbriar is a developer of…

Huobi and Gala Games to Give $50M to Victims of pGala Scheme

The announcement comes five months after a bad actor minted $1 billion worth of pGALA, a wrapped version of GALA that trades on BNB Chain, and offloaded the tokens on decentralized exchanges including PancakeSwap, plunging the price of the GALA 94%. PNetwork, Gala Games’ cross-chain interoperability bridge, said at the time that it coordinated a “white hat attack” on itself to prevent bad actors from absconding with users’ money. Source

South Korean authorities seize $160M in assets tied to Terra employees: Report

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The Seoul Southern District Prosecutor’s Office has reportedly confiscated roughly $160 million worth of assets from eight people connected to the collapse of Terraform Labs, including co-founder Daniel Shin. According to an April 3 report from South Korean news outlet KBS, authorities seized roughly 210 billion won — $160 million at the time of publication — worth of property connected to former Terra employees, mainly in the form of real estate. Prosecutors reportedly took control of houses and properties owned by former Terra vice president Kim Mo and an unnamed…

Coinbase Ventures Joins Liquid Staking Protocol Rocket Pool’s Oracle DAO

As such, Coinbase Ventures will receive a share of the 15% of the total RPL inflation produced at each rewards period dedicated to Rocket Pool’s Oracle DAO. RPL, the native token for the Rocket Pool ecosystem that provides direct incentives, insurance and governance for protocol according to a blog post, has traded flat in April, ranging between $43 and $44, per CoinGecko. Additionally, rETH, Rocket Pool’s staking derivative, has a premium against ETH: On Uniswap, 1 rETH swaps for 1.07295 ETH at press time. Source

Bakkt completes $200M acquisition of Apex Crypto

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On Apr. 3, blockchain technology platform Bakkt announced that it completed its acquisition of Apex Crypto LLC. Previously, in November 2022, Bakkt stated it would pay $55 million in cash and stock, worth an estimated $145 million at the time, for the deal.  Launched in 2019, Apex Crypto is an integrated trading platform that handles execution, clearing, custody, cost basis, and tax services for its 30 clients. The firm has facilitated $12.5 billion in digital assets trades since inception. Gavin Michael, CEO of Bakkt, commented on the completion: “This acquisition marks…