Month: July 2023

Terraform Labs seeks access to FTX wallets in fraud defense

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Terraform Labs is seeking permission from a judge to subpoena data from bankrupt crypto exchange FTX, claiming the information could help its defense against a lawsuit brought by the United States Securities and Exchange Commission in February, a court filing shows.   In a search for evidence that could back its defense from fraud charges, Terraform’s lawyers filed a motion on July 19 in FTX’s bankruptcy case to access the company’s information about digital wallets used by short sellers between March and May 2022. Terraform claims its stablecoin failure was a…

Why Nasdaq Backing Out of Custody Is Bad, Bad News for Crypto

Notably, in February, the SEC voted to expand its existing regulations over all trading and lending firms by requiring them to keep customer assets with “qualified custodians,” meaning chartered bank or trust companies, SEC-registered broker-dealers or Commodity Futures Trading Commission (CFTC) derivatives merchants. Crypto speaks about the proposal as the “custody rule.” Source

XRP price can fall 40% by September — Fractal analysis

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The double-digit percentage gains for XRP (XRP) this month may have reached the exhaustion point, reflecting the trends elsewhere in the cryptocurrency market. This follows the euphoria surrounding Ripple’s partial win versus the U.S. Securities and Exchange Commission, resulting in bullish calls for as high as $15 in the coming months.  $15 is reasonable I believe over 18 months or so. If they IPO and time it correctly, could be up to $35 imo. Make no mistake… it may not go that high… but $XRP IS breaking an all time…

UK financial watchdog announces launch of permanent Digital Sandbox in August

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The United Kingdom’s Financial Conduct Authority (FCA) has announced the launch of its Digital Sandbox, aimed at supporting tech firms in the early stages of product development. In a July 20 announcement, the FCA said the Digital Sandbox will become available on a permanent basis starting on Aug. 1. The financial watchdog conducted two pilot programs of the initiative, which will be open to businesses, startups and data providers — including those involved in banking, investment, lending and payments. A sandbox allows projects to operate in a testing environment to…

The UK Financial Conduct Authority Is Designing Prudential Requirements for Firms Carrying out Crypto Activities

The regulator, which is in charge of maintaining a registry of crypto firms approved for operations under the country’s anti-money laundering requirements, will also consult on prudential rules for companies engaged in crypto activities once the “Treasury and Parliament bring those activities under our regulation,” the regulator said in its annual report published Thursday. Source

Bitcoin rejects at 21-day trendline — How low can BTC price go?

Bitcoin (BTC) failed to hold above $30,000 after the July 20 Wall Street open as one analyst forecast a return to range lows. BTC/USD 1-hour chart. Source: TradingView BTC price sinks through $30,000 Data from Cointelegraph Markets Pro and TradingView tracked weak BTC price action after a rejection at the 21-day simple moving average (SMA). Sitting at $30,400, that SMA provided the day’s high for Bitcoin, with the market then retracing its intraday progress entirely. BTC/USD 1-day chart with 21SMA. Source: TradingView Reacting, Michaël van de Poppe, founder and CEO…

Aptos’ new user growth hits 900% after integration with social media app Chingari

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The Aptos blockchain has seen a surge of activity following its integration with Chingari, an India’s social media platform previously powered by Solana. According to on-chain data, the number of new users jumped 900% over the previous month, up to nearly 90,000 daily on-chain onboarding.  Chingari started migrating to Aptos on July 6, seeking an enhanced user experience following Solana’s network outages in 2022. “Solana’s network downtime posed challenges, compelling us to schedule many transactions […] Rather than allowing them to be instant, to mitigate the risk of failed transactions,”…

7 most in-demand programming languages to learn

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In the ever-evolving landscape of technology, programming languages play a crucial role in shaping the digital world. Aspiring developers and seasoned professionals alike are constantly seeking programming languages that offer both versatility and high demand in the job market.  This article will explore the seven most in-demand programming languages worth learning today. From web development to blockchain and data management, these languages cover a wide range of domains and provide promising career opportunities. Let’s dive in and discover the top contenders. What is a programming language? A programming language is…

16 tips to help blockchain companies refine their marketing messages

Word about blockchain technology’s benefits has penetrated the global marketplace, so now’s the time for blockchain businesses to begin deliberately refining and sharing their marketing messages. Like other service businesses, blockchain companies have to find effective ways to explain why their service in particular is the right choice for a potential client’s unique needs. However, unlike service companies in other industries, in many cases, blockchain leaders will be marketing a service that B2B clients may be intrigued by but don’t understand well. Marketing a business always takes a lot of…