Day: April 13, 2023

Solana-Based NFT Collection Okay Bears Partners With (RED) to Fund Global Health Efforts

“If we want to end the threat of AIDS, we must think outside the box, meet consumers where they are, and create new and exciting collaborations that generate more money and more heat to fight AIDS and the injustices that enable the pandemics to thrive,” said Sheps. “(RED) is thrilled to continue our foray into the digital art space by collaborating with Okay Bears to drive life-saving testing, treatment and care to those who need it most.” Source

Bitcoin derivatives data shows bulls positioning for further BTC price upside

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Bitcoin (BTC) price maintained the $30,000 support as lower-than-expected U.S. Consumer Price Index (CPI) data released on April 12. The official inflation rate for March increased 5% year on year, which was slightly less than the 5.1% consensus. It was the lowest reading since May 2021, but is still significantly higher than the Federal Reserve’s 2% target. The data suggests that inflation is no longer the driving force behind Bitcoin’s rally and Investors’ focus shifted from the impact of inflationary pressure to potential recession risks after the banking crisis revealed…

US court issues summons to Tron’s Justin Sun, threatens default judgment if no response

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A United States court has issued a summons to Tron founder Justin Sun’s Singapore address in connection to a Securities and Exchange Commission (SEC) civil case. In an April 12 filing, the U.S. District Court for the Southern District of New York ordered Sun to respond to the summons within 21 days by contacting attorney for the SEC Adam Gottlieb. According to the court, “judgment by default will be entered” should the Tron founder fail to respond — suggesting penalties related to alleged securities law violations. Sun’s Twitter bio showed…

Collapsed Exchange FTX Recovers $7,300,000,000 in Cash and Crypto Assets, Reconsiders Future: Report

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Troubled crypto exchange FTX has reportedly recovered billions of dollars worth of cash and assets as it reconsiders its future. According to a new report by Reuters, the bankrupt crypto-swapping platform has recuperated $7.3 billion in cash and liquid digital assets as the firm considers how to move forward from its catastrophic downfall last year. FTX attorney Andy Dietderich told Reuters the situation has stabilized and that the worst is over, further adding that FTX has greatly benefited from rising crypto prices in 2023. According to Dietderich, the amount recovered…

Ondo Finance Plans Yield-Generating Stablecoin Alternative For Institutional Investors

Enter Flux Finance, a decentralized finance protocol backed by Ondo that functions as a permissionless touchpoint and, crucially, makes it accessible to retail investors. Allman says one way retail investors can access OMMF’s yield without owning the security outright is by lending non-yield stablecoins like USDT and USDC into Flux, a protocol he describes as “similar to Aave and Compound” but without the overcollateralization. Then, whitelisted institutional clients can borrow the stablecoins in the Flux pool and mint OMMF, pocketing a small spread and paying out some yield to the…

Uniswap launches iOS mobile wallet in select countries

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Decentralized exchange Uniswap has launched a mobile wallet that features built-in support for the exchange, according to an April 13 announcement from the company. The app is available for iOS devices in select countries and can be found in Apple’s App Store. 1/ THIS IS NOT A DRILL The Uniswap mobile wallet is out of Apple jail and now live in most countries ✨ Download our self-custody, open-sourced app today! https://t.co/yWxuw79xTY pic.twitter.com/QhK06icKBL — Uniswap Labs (@Uniswap) April 13, 2023 The Uniswap team complained on March 3 that Apple was blocking…

London Stock Exchange may provide clearing services for BTC derivatives starting in Q4

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The United Kingdom could see its first centrally cleared trading venue for digital asset derivatives due to a partnership between a London Stock Exchange Group (LSEG) business and trading startup Global Futures and Options (GFO-X). They intend to launch the service in the fourth quarter of this year. According to an April 11 announcement, LCH SA, the Paris-based subsidiary of the LSEG clearinghouse, is set to provide clearing services for dollar-denominated, cash-settled Bitcoin (BTC) index futures and options contracts traded on the GFO-X venue. The plan still requires regulatory approval.…

London Stock Exchange To Offer Clearing Of Bitcoin Futures And Options

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The London Stock Exchange will soon offer clearing services for Bitcoin futures and options. The BTC index derivatives clearing will be made available through the group’s clearing subsidiary LCH. LCH will provide clearing for cash-settled BTC index derivatives on the UK-based GFO-X exchange.  The London Stock Exchange Group has announced its plans to offer the clearing for Bitcoin index futures and options. As the world’s eighth-largest stock exchange, the LSE Group will facilitate the trading of BTC futures and options through its clearinghouse subsidiary LCH.  Bitcoin index derivatives on FCA-regulated…

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency – Economics Bitcoin News

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According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the U.S. Dollar’s Global Dominance Recent discussions have focused on removing the U.S. dollar’s status as the global reserve currency, and this idea is becoming more of a reality in 2023. Speaking at the New Development…

Bitcoin Should Be Central to Regulation of Digital Assets

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As we approach two decades since Satoshi’s landmark white paper, we still know very little about this enigmatic author’s politics or identity (although that has not stopped some from guessing). But we understand that this person (or persons) created an innovation – a technology derivative of another technology, encryption. As we’ve seen repeatedly, technology can be used for good or bad. It can create jobs or destroy them. It can harm the environment or bolster efforts to protect it. The art of sound policymaking is weighing the good and bad,…