Month: April 2023

Former Deutsche Bank Investment Banker Charged With Crypto Fraud in US – Bitcoin News

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An investment banker formerly employed by Deutsche Bank has been charged with perpetrating a crypto-related fraud. The man from Brooklyn has been accused of misappropriating funds from victims whom he promised large returns on cryptocurrency investments in a Ponzi-like scheme. Ex-Deutsche Bank Investment Banker Arrested and Charged for Defrauding Crypto Investors Rashawn Russell, a 27-year-old investment banker and registered broker from Brooklyn, New York, was arrested on April 10 on criminal charges related to his alleged role in running a crypto investment fraud scheme, the U.S. Department of Justice announced…

MonkeDAO Plans to Buy Rights to Popular Solana Monkey Business NFT Collection for $2M

In February, decentralized Solana trading protocol Hadeswap acquired SMB from its original founders and transferred its ownership to HadesDAO, promising to respect the project’s legacy. On Thursday, HadesDAO passed a proposal that would allow MonkeDAO to purchase the SMB intellectual property (IP) including “all rights, assets, accounts and keys from HadesDAO” for $2 million USDC. According to the proposal, this includes any legal registrations for the brand, SMB website code, ownership over the SMB Twitter and Discord channels and more. CryptoX Portal

Ethereum researcher says staking reveals IP address sparking privacy concerns

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A researcher at the Ethereum Foundation (EF) revealed that the IP addresses of Ether (ETH) stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns. In an April 12 interview on the crypto podcast Bankless, EF researcher Justin Drake revealed that he learned this information “internally” — presumably at EF. The metadata Drake referred to is used to track a wide range of things, he explained: “There’s a lot of metadata, you can look at deposit addresses, you can…

DeFi Protocol Balancer Experiences Budget Cuts, Headcount Slashes Ahead of Strategy Pivot

Balancer’s OpCo, which manages the protocol’s front end, has laid off two engineers and reduced its operating budget, the providers’ team revealed during the Discord call attended by more than 20 people. The headcount reduction comes as the protocol turns its focus toward improving its user interface and marketing. To that end, the platform’s service provider, Orb Collective, which directs the protocol’s design, marketing and regulatory strategies, will build out a specialized marketing team that can discuss the mechanics of how Balancer works with the platform’s users. The new outreach…

Peter Schiff Says Banking Crisis Not Over, Much Worse Financial Crisis Incoming — Warns of ‘Massive’ Recession – Economics Bitcoin News

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Economist Peter Schiff has cautioned that the present banking crisis is the cusp of a much worse financial crisis. “It’s going to get much much worse if you are going to try to dismiss it,” he stressed. Citing the Federal Reserve’s recession forecast, he warned: “Normally the Fed doesn’t forecast a recession. So if they can actually see this one coming, it likely means it will be massive.” Peter Schiff on Banking Crisis, Financial Crisis, and Recession Gold bug and economist Peter Schiff warned in a recent interview on Trader…

Asia-Based Digital Asset Firm Hashkey Group Introduces Wealth Management Service

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De-Dollarization Escalates Amid US ‘Economic Warfare’ and ‘Error-Fraught’ Policies, Economist Says – Economics Bitcoin News

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Economist Peter C. Earle says de-dollarization has begun, emphasizing that “It’s not just the conscription of the dollar in economic warfare, but increasingly error-fraught monetary policy regimes that are driving various interests away from the greenback.” He described: “By weaponizing dollar dominance and permitting expanding mandates to disorient U.S. monetary policy, the dollar’s fate as the lingua franca of world commerce over the long haul may already be sealed.” Rising De-Dollarization Trend Economist Peter C. Earle wrote an opinion piece, titled “De-dollarization Has Begun,” published by the American Institute of…

EOS EVM to allow interoperability across Ethereum, EOS

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EOS EVM emulates the Ethereum Virtual Machine (EVM) and allows for the deployment of decentralized applications (DApps) written in Solidity, the programming language used by the vast majority of web3 developers. The EOS Network Foundation (ENF) has announced the beta launch of the EOS EVM Mainnet, which aims to improve interoperability between two blockchain ecosystems, Ethereum and EOS. This release is expected to enable interoperability between these networks. Launching April 14th: The next generation of EVMs is almost here. At 800+ swaps per second, $EOS EVM is BY FAR the…

ROOK Investors Begin Swapping Tokens for $25M Crypto Treasury

“This has been a dynamic, collaborative process, designed to accommodate the community’s wishes for the ROOK token and the new Incubator DAO.” Rook Labs’ pseudonymous CEO Hazard told CoinDesk in a Discord message. “We’re grateful for the enthusiastic participation of ROOK holders and community members, and are happy to see the tokenholders of Incubator DAO exercising their new autonomy. From here, Rook Labs will move forward with our objective of building innovative MEV infrastructure, operating within the bounds of real-world legal and regulatory frameworks and business imperatives.” Source