How a Bitcoin Mixer Laundering Conviction Might Be Appealed Original
How a Bitcoin Mixer Laundering Conviction Might Be Appealed
Day: March 13, 2024
Why Prime Brokers Could Be a Source of Crypto Contagion
Why? Because 1) PBs are emerging as a major player and lender in crypto markets and2) The current lending standards of PBs are tight, largely lending to low drawdown strategies (like delta-neutral), and presents low systemic risk. But, 3), if expected returns of delta-neutral strategies decline, then PBs may move out the risk curve in terms of who they are willing to lend to and what services they offer, which could brew systemic risk. Source
Bitcoin to hit $100k amid spot Ethereum ETF postponement
One analyst projects Bitcoin to rise to $100,000 in the second half of the year, while the outlook for the spot Ethereum ETF is not as optimistic. A macroeconomist under the pseudonym Luxon shared expectations similar to those of journalist Colin Wu. The expert added that American investment giants could invest 1-3% of their assets under management (AUM) in Bitcoin (BTC). This is due to the postponement of the Federal Reserve’s rate reduction from May to June or later and the gradual implementation of institutional plans to invest in BTC.…
Craig Wright’s Counsel Hits Back at COPA’s Fraud Allegations in Trial to see if He’s Bitcoins Creator
He also argued that COPA’s witness Patrick Madden’s evidence was inadmissible due to his ties with COPA. Madden had testified that many of Wright’s reliance documents had been altered “often with the apparent purpose of supporting his claims,” a court document seen by CoinDesk showed. Source
Why Diversification Matters for Crypto, Too
The rise of Bitcoin may tempt investors to ask “Why Not 100% Bitcoin?” Here’s why. Source
Crypto Analyst Sets New $5,000 Target
Ethereum is currently looking to gain a strong footing above the $4,000 price level as bullish momentum continues to dominate. According to crypto analyst Ali Martinez, this bullish momentum could continue and Ethereum could as well reach $5,000 very soon. Ali Martinez made this known while citing data from IntoTheBlock, noting that the second biggest cryptocurrency still has room to run to $5,000, albeit a small resistance around $4,522 to $4,646. Ethereum Path To $5,000 Looks Increasingly Clear As Resistance Dwindles Ethereum’s momentum has been building for weeks amidst a…
ICO reprimands London Mayor’s Office for Policing and Crime for complaint web form error
Web form to complain about the Metropolitan Police Service accidentally revealed victims’ data 394 people notified of potential personal data breaches Data breach “a completely avoidable error that has the potential to jeopardise public confidence in the criminal justice system” – ICO The London Mayor’s Office has today been reprimanded by the Information Commissioner’s Office (ICO) for a web glitch that potentially revealed the personal information of people who were complaining about the Metropolitan Police Service. The London Mayor’s Office for Policing and Crime (MOPAC), which is responsible for oversight…
Ethereum Just Implemented ‘Proto-Danksharding.’ What Comes Next?
“While L2s are supposed to service the base layer, their proliferation may compete with the base layer for resources such as fees, developers, and liquidity,” said Rines. “If the bulk of transactions take place on L2s, the economic incentives upholding the L1 may be diluted as validators’ fees evaporate. Furthermore, reliance on L2s could also fracture activity, weakening the cohesion and interoperability of the Ethereum ecosystem.” Source
El Salvador Axes Income Tax for Investments From Abroad
The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas. Source
Coinbase Aims to Raise $1 Billion Through Convertible Bond Sale as Shares Spike
Coinbase Global, Inc. has unveiled its strategy to generate $1 billion through the issuance of convertible bonds set to mature in 2030. This plan includes a provision for initial buyers to acquire an extra $150 million to address any over-allotments. Coinbase revealed that the proceeds would be allocated for “working capital and capital expenditures.” Coinbase […] Source CryptoX Portal