Day: September 11, 2023

ZachXBT accuses four crypto influencers of market manipulation

Blockchain analyst ZachXBT accused crypto influencers TraderSZ, Trader_XO, TraderNJ1, and PetaByte of scamming. Expert claims that they fraudulently obtained tokens, inflated their price, and sold them. His investigation consists of two parts. In the first one he covers the actions of TraderNJ1 and PetaByte who used other people’s names to obtain (CompanionBot) CBOT and (Baby Shiba Inu) BABYSHIB tokens. These coins were allocated 8% and 3.5% of the supply, respectively. Both influencers claimed that these tokens would increase in value by 10-20x. After the asset price soared, traders drained their share,…

FTX has $222M in Bahamas real estate, 1,300 tokens: shareholder presentation

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FTX has released its presentation materials for the shareholder meeting taking place Sept. 11-12. The unrestricted portion provides a clear overview of the company’s current state and its slow march toward settlement.  The shareholders will begin their day with an account of the claims against the cryptocurrency exchange. Over 2,300 non-customer claims have been filed against it, including those from Genesis, Celsius and Voyager. The claims are worth $65 billion, although those from FTX Digital Markets are “assumed to be invalid/redundant” and the Internal Revenue Service’s claim – the largest…

Google launches Digital Futures Project with $20M in grants to support ‘responsible AI’

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Google and its charitable arm, Google.org, launched the Digital Futures Project, an initiative to study responsible artificial intelligence (AI) technologies, on Sept. 11.  The Mountain View company will invest a total of $20 million in grants to leading think tanks and academic institutions around the world with the expressed aim “to facilitate dialogue and inquiry” into AI technologies. According to a blog post, Google wishes to address issues of fairness, bias, misinformation, security and the future of work through deep collaboration with outside organizations and a commitment to facilitating responsible…

Addresses Saw 2nd-Highest Rise In History This Weekend

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On-chain data shows the Bitcoin network saw new addresses crop up at the second-highest rate in history during the past weekend. Bitcoin New Addresses Metric Shot Up During This Past Weekend According to data from the market intelligence platform IntoTheBlock, BTC has just observed its highest number of new addresses since 2017. The relevant metric here is the “new addresses,” which simply keeps track of the total number of new addresses appearing on the Bitcoin network every day. Generally, new users coming into the network aren’t the only ones generating…

The G20’s Crypto Hand-Wringing Is Not Significant

So, let’s assume that we get some firm statements from the group in support of the Financial Stability Board’s (FSB’s) latest policy recommendations, published in July. That’s very likely, since the recommendations don’t actually say anything interesting. There’s a smattering of “authorities should have the appropriate powers,” apply regulation, cooperate with each other and require crypto asset service providers to manage their risk carefully, and not much else. I mean, all that sounds fair, but to this interested observer, there seems to be a lot of noise about nothing. Source

Remember That Guy That Lost A Flashdrive With 8,000 BTC? Here’s What He’s Up To Now

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James Howells, a Welsh Bitcoin investor and the man who inadvertently lost $557 million worth of BTC in a flash drive is seeking to file a lawsuit against Newport City Council (NCC) in the United Kingdom for refusing his requests to excavate the area he presumed he misplaced the hard drive.  Howells Threatens Legal Action Against NCC After 10 years of searching for the elusive flash drive carrying a fortune of 8,000 BTC, Howells has taken an aggressive approach to his hunt and threatened the NCC with proper legal action…

AI Is Killing Crypto Venture Capital Interest

Unlike mainstream AI which isn’t even a year old, crypto has been present for more than a decade. Thanks to the cyclical movement of the crypto economy, we can confidently predict more innovation and investor interest as the bear market ends. Lower interest rates, globalized crypto regulation, Bitcoin ETF approvals, and more TradFi involvement in crypto could all reignite VC flows. Source

Aave v3 fork debuts noncustodial liquidity markets on Base

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A collaboration across decentralized finance (DeFi) developers is introducing a non-custodial liquidity markets on layer-2 network Base, promising to enable trustless smart contracts to automatically connect liquidity pools with borrowing strategies. Behind the initiative are developers from Seashell, RNG Labs, and Loreum Labs, along with advisers and collaborators from Ampleforth, Uniswap and other projects. The group built the Seamless Protocol, a fork of Aave v3 that allows smart contracts with predetermined borrowing strategies to conduct undercollateralized borrowing on-chain. “As an analogy, Borrowing Strategies are like single-purpose loans, such as home,…

Bitcoin User Overpaid By $500,000 For A $200 Deal

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In times of high congestion, Bitcoin users sending transactions on the network pay high fees to be included in the next block. These fees can reach hundreds of dollars depending on the transaction size, but a user might have broken the record. 20 Bitcoin To Move $200, What Happened? Data from the analytics platform mempool.space, a user paid over $500,000 or 20 Bitcoin to transfer around $200. The chart below shows that the transaction fee has almost reached 200 million satoshis (sats). BTC transaction made by an entity that overpaid…

France introduces new certificate for crypto influencers

The Autorité des Marchés Financiers says the initiative should help professionalize commercial influence. France’s financial regulator, the Autorité des Marchés Financiers (AMF), has revealed a new online general training course to grant legitimate influencers a certificate. In a press release, the agency said the initiative should help “professionalize commercial influence, an activity that is now regulated by law.” Influencers should give at least 75% correct answers to 25 multiple-choice questions to pass the so-called Responsible Influence Certificate. However, to obtain the certificate, influencers must also get the General Certificate, developed…