“For as long as zero-fee trading lasts on BTC-TUSD, TUSD needs to be considered a top stablecoin in crypto, whether people like it or not. Similar to how Binance favored BUSD, TUSD is the benefactor of increased volumes now, even if the reasons why Binance granted TUSD this gift are unclear,” Ryder said. Source
Day: April 25, 2023
Bitcoin remains in accumulation despite recent downtrend
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) is still in an accumulation phase despite the recent downtrend that has battered it below the $28,000 territory. This is according to a recent analysis from a CryptoQuant-verified author, citing the asset’s cycle from 2021 to 2024. The Accumulation Cycle Still Intact, Despite the Recent Correction “Despite the falling spot price, bitcoin’s exchange stablecoin ratio is currently acting as a leading indicator to bitcoin, and other digital assets in correlation.”by @oinonen_t Link👇https://t.co/tmUzp7gXa6 — CryptoQuant.com…
Web3 Entertainment Studio Toonstar to Release NFT-Backed TV Series ‘Space Junk’
The animated show about trash collectors in space was written by “Workaholics” producer Dominic Russo and stars “Napoleon Dynamite” actor Jon Heder. Source
OpenSea ‘insider trading’ trial kicked off in New York district court
On Apr. 24 the Southern district court of New York held the first jury hearing on the case against former OpenSea product manager Nathaniel Chastain, who’s being accused of insider trading with nonfungible tokens (NFTs). The allegations were filed by the U.S. Manhattan Attorney’s Office on May 31, 2022. Chastain is being indicted on two counts — wire fraud and money laundering. On the first count, the former employee of the largest NFT market presumably used his insider knowledge to secretly buy 45 NFTs shortly before their listing to sell…
Terra Co-Founder Daniel Shin Indicted in South Korea: Bloomberg
Shin’s lawyer Kim Ji-dong said he has “nothing to do with the … collapse as he left the company two years before the fallout,” according to the report. “He voluntarily returned to South Korea immediately after the collapse, and has been faithfully cooperating with the probe for over 10 months, hoping to contribute to fact finding.” Source
Ugandan High Court Rules to Uphold Central Bank’s Crypto Prohibition – Africa Bitcoin News
A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition does not amount to an infringement on property rights. Cryptocurrency an ‘Undefined’ Payment System in Uganda The High Court in Uganda recently dismissed an application that sought to upend a central bank directive that bars cryptocurrency transactions. In his ruling, the court’s Justice Musa Ssekaana, insisted…
Meme coin Floki Inu gains over 30% after Binance.US listing
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance.US has announced the listing of floki inu (FLOKI), a meme-inspired cryptocurrency, on its platform. As per the tweet, deposits for FLOKI on Binance.US are already open. This development has caused a significant surge in the price of FLOKI, with the cryptocurrency seeing a 38% increase in value within the24 hours of trading as of press time. The asset’s trading volume has also surged over 2000% within the same period, in attribution to this new listing.…
Blog: Protecting privacy during a pandemic: our work on the UK’s Covid apps
25 April 2023 Ian Hulme is the ICO’s Director of Regulatory Assurance. He led our operational response to the pandemic and leads our stakeholder relationships with the health and care sector. The ICO’s work is often in the headlines, and our recent enforcement action against TikTok for allowing over a million UK children to use its platform without parental consent brought international media attention. In practice, the majority of our work to protect people’s privacy rights has a far lower profile. Making sure people are considering data protection at an…
Defiway, perfect tool for crypto investment
Cryptocurrency and blockchain is becoming one of the most popular areas of development on the Internet. If you are looking for the perfect tool related to cryptocurrency services, this article is definitely for you. We are presenting Defiway and explain how it could simplify your life by offering you a complex platform allowing you to invest, store, and manage your crypto assets in a simple way. What is Defiway? Defiway is a well-designed platform designed for the crypto investors and traders. Here, you will find a wide range of services…
UBS Stock Falls 2% after Record of Slump in Q1 2023 Net Profit
The turmoil in the banking ecosystem from the United States as it concerns Silicon Valley Bank (SVB) stirred a ripple effect that was felt in Switzerland. The shares of Swiss multinational banking giant UBS Group AG (SWX: UBSG) are seeing a mild slump today after the firm revealed that its net profit for the first quarter took a significant hit. While still largely profitable, UBS said the net profit for the quarter dropped by 52% over the past year to $1.03 billion. UBS said the drop in revenue was fueled…