Month: June 2023

Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

Bitcoin and several altcoins are stuck in a tight range, indicating that a breakout is brewing. A large part of the recent leg of Bitcoin’s (BTC) rally started after BlackRock filed to list a spot Bitcoin exchange-traded fund (ETF) on June 15. Several applications by other firms have been rejected by the United States Securities and Exchange Commission in the past. However, BlackRock’s filing has a 50% possibility of getting approved, said Bloomberg senior ETF analyst Eric Balchunas.  Another bullish catalyst for the cryptocurrency markets could be a filing by…

Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers

The complaint, filed Tuesday, alleges Daniel Friedberg served as a “fixer,” paying “exorbitant hush money” to would-be whistleblowers who threatened to expose the exchange’s alleged misappropriation of user funds. He faces 11 charges, including legal malpractice, breach of fiduciary duty, corporate waste and several counts of fraudulent transfers, according to the lawsuit. Source

Compound Founder Forms ‘Superstate’ to Issue Bond Fund With Ethereum for Record-Keeping

“The adviser believes that a blockchain-integrated recordkeeping system may provide operational efficiencies and enhance shareholder experience without negatively impacting the quality of the services provided by the fund’s transfer agent,” according to the filing. “In the future, the fund’s shares may also be available for purchase, sale, or transfer from one shareholder to another shareholder (or potential shareholder) ‘peer-to-peer’ on a blockchain by utilizing Secondary Blockchain Records.” Source

BIS, 3 central banks look at DeFi technology for wCBDC FX in interim project report

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The Bank for International Settlements (BIS) Innovation Hub published an interim report on Project Mariana, its collaboration with the central banks of France, Singapore and Switzerland, on the use of wholesale central bank digital currency (wCBDC) in tokenized foreign exchange trading. The project is a proof-of-concept that considers questions relating to credit and settlement risk and interoperability. Specifically, the project looks at automated market makers (AMMs), token standards and network bridges as it “explores the feasibility of an international FX interbank market using wCBDCs on a blockchain-based network.” An AMM…

Staked ETH surpasses 23 million in June — Nansen

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The volume of Ether staked keeps reaching new heights since the Shapella upgrade in April, crossing 23 million Ether locked in June.  According to data from analytics firm Nansen, a total of 23.3 million Ether (ETH) was staked as of June 27, amounting to $43.1 billion at the time of writing and representing nearly 20% of the current $220 billion supply of ETH. In comparison, Solana (SOL) currently has a staking ratio of 70.58%. ETH deposits, withdrawals and total locked. Source: Nansen In the Ethereum blockchain network, staking refers to the process of…

Ledger Launches Institutional-Grade Trading Network for Crypto Custody

Ledger launched an institutional-grade trading network to meet the risk management and regulatory requirements of institutions. On June 28th, crypto custody company Ledger announced the launch of “Ledger Enterprise TRADELINK”, a custodial trading network for institutions aiming to revolutionize this segment. According to Ledger, the crypto wallet company has signed contracts with several partners to carry out its new project, which eliminates unnecessary complexities in the crypto market that are under scrutiny by regulators. Among the cryptocurrency companies and partners that have signed with Ledger are Bitstamp, Bitazza, CEX.IO, Coinsquare,…

Germany launches dog-themed NFTs to fetch cyber talent: Nifty Newsletter, June 21–28

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In this week’s newsletter, read about the German foreign intelligence agency issuing a dog-themed nonfungible token (NFT) treasure hunt and check out the new NFT stamp collection from the autonomous territory of the Faroe Islands. Find out about Hermès latest win in its infringement case against MetaBirkins, and don’t forget this week’s Nifty News, featuring the NFT Web3 card game Gods Unchained being added to the Epic Games store, and why the United States Secret Service created an NFT collection. German intelligence service launches dog-themed NFTs to fetch cyber talent…