While the annual conference saw fewer attendees in a chilly NFT winter, the real “magic” – and drama – of the Web3 gathering happened outside the main convention. Source
NFT.NYC Was Calm, but Side Events Stirred Drama
Month: April 2023
$SAI’s Skyrocket on Friday Shows Enormous Potential in Bitcoin Heating – Press release Bitcoin News
press release PRESS RELEASE. SAITECH Limited (SAI for short), a clean energy and computing operator based in Singapore, saw a surge in its stock price last Friday. The highest increase in SAI’s stock price on that day was $7.4, a 387% rise from the previous day’s price. The closing price of the stock was $4.9, still up 222.3% from the previous day. Based on the closing price, the company’s market value was $111 million. The turnover rate and trading volume of SAI on that day were both very high, which…
New Meme Coin DigiToads (TOADS) Token To List on BitMart Exchange
April 15, 2023 – Mahe, Seychelles The crypto market has been red-hot recently. Bitcoin ripped past $30,000 and Ethereum staking withdrawals will go live, breaking the $2,000 price point – while Bitcoin’s dominance dropped, its price climbs, which means it might be the beginning of an altcoin season. A new powerhouse DeFi project, DigiToads (TOADS), has confirmed it will list on the BitMart exchange soon. The DigiToads presale has already raised more than $1.35 million, and the lack of vesting enables holders to trade TOADS at the earliest available opportunity.…
Crypto Investments Report Positive Flows for Fourth Consecutive Week: CoinShares
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Who Really Benefits From CBDCs? It’s Not the Public
The only people benefitting from central bank digital currencies are lobbyists, tech companies and, yes, central banks, say the Cato Institute’s Nicholas Anthony and Norbert Michel. Source
SEC charges Bittrex with unregistered operations, calls six tokens securities
The United States Securities and Exchange Commission (SEC) has charged the crypto asset trading platform Bittrex and its cofounder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The agency filed a separate charge against Bittrex Global. The SEC is pressing four charges of Exchange Act violations against the companies and Shihara in the U.S. District Court Western District of Washington. Bittrex Global is also being charged “in connection with its operation of a single shared order book along with Bittrex.” The SEC…
SEC Sues Crypto Exchange Bittrex, CEO for Operating without Registration
The US securities regulator has charged cryptocurrency exchange Bittrex and William Shihara, its Founder and former CEO, for operating as a national securities exchange, broker and clearing agency without registration. According to US Securities and Exchange Commission (SEC), Bittrex violated registration requirements of the US federal securities law, instructed crypto issuers using its platform to delete certain information that indicated their digital assets were securities, and ran different market intermediary functions under one entity in order to maximize profits. The regulator also filed charges against Bittrex Global GmbH, a foreign…
BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules
The new rules will look to regulate stablecoins like commercial bank money, “including the requirement that the coins should be redeemable from the stablecoin arrangement, in fiat money, at par value and on demand,” Cunliffe said. Stablecoins, however, will not receive protection against failure in the same way that commercial bank deposits do. The Financial Services Compensation Scheme (FSCS) provides deposit insurance of up to 85,000 pounds (US$105,059) for bank customers. Source
Paxful CEO announces 88% of accounts unfrozen, $4.4M in funds remaining
The chief executive officer of peer-to-peer crypto marketplace Paxful has announced the unfreezing of 88% of previously frozen user accounts more than a week after suspending operations. In an April 16 Twitter thread, Paxful CEO Ray Youssef said roughly $4.4 million in frozen funds remained on the platform after staff had unfrozen 88% of existing accounts. According to Youssef, the unfreezing of accounts had been accomplished “with no engineers or compliance folks,” claiming all remaining frozen funds were “in the hands of” United States financial regulators. Youssef said though roughly…
Users can consider buying VPS at the start of a bitcoin bull market
All signs indicate that the cryptocurrency market is already in the final stages of a bear market. Another bitcoin (BTC) halving is rapidly approaching. Expert comments and market movements suggest that this could trigger another bull market. For this, users can buy a virtual private server (VPS) cheaply to prepare for better crypto prices. What is a bear market? The cryptocurrency market has been bearish for some time. The price of bitcoin fell 55% from its all-time high. Investors often want to know when the bear market will end. Typically,…