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Today at Chaintalk News

March 30, 2023

Crypto Weekly News: BoJ Not Ready for National Digital Currency, Blockchain Takes Over Hong Kong’s Fintech Sector

By ChainTalk TV

Crypto Weekly News: BoJ Not Ready for National Digital Currency, Blockchain Takes Over Hong Kong’s Fintech Sector

It was another interesting week in the crypto universe. Japan is still not convinced that it needs a national digital currency while Chinese police in

June 12, 2020 9:38 am

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Bitcoin [BTC]: The king coin’s rally may end soon, suggest lurking bears

Data suggested that net exchange flows have risen for Bitcoin. However, bearish sentiment against BTC rose. Bitcoin [BTC] has been having quite a rally over the past three months as its prices soared materially. Due to the excitement around BTC, the net exchange flow for Bitcoin has also increased in this period. Is your portfolio

cointelegraph

SEC's Gensler seeks $2.4B in funding to chase down crypto 'misconduct'

SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”

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SEC's Gensler seeks $2.4B in funding to chase down crypto 'misconduct'

SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”

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Volt Inu (VOLT) Price Prediction 2023 — Will VOLT Hit $0.00001 Soon?

In Volt Inu (VOLT) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about VOLT to

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UK Government Drops Plan to Launch NFT With Royal Mint

The U.K. government has confirmed that it is not proceeding with a plan to launch a non-fungible token (NFT). British Prime Minister Rishi Sunak asked the Royal Mint to create an “NFT for Britain” while he was serving as the Chancellor of the Exchequer last year as part of his efforts to make the U.K.

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Play-To-Own – Paving the Way for the Next Generation of Games

The gaming industry has come leaps and bounds since the introduction of the Magnavox Odyssey back in 1972. We have progressed through Web 1.0, Web 2.0 and are now entering the new age of the internet with Web 3.0 – and with the evolution of the internet comes the evolution of gaming. Blockchain technology has revolutionized The post Play-To-Own – Paving the Way for the Next Generation of Games appeared first on The Daily Hodl .

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SHIB, BONE, and LEASH have this connection to Shibarium’s transaction hike

Daily transactions on Shibarium hit the highest numbers since the launch. SHIB, BONE, and LEASH experienced slight price growth. The emergence of the Shibarium may have brought Shiba Inu [SHIB] much-needed respite weeks before the official launch. However, the meme community, which anticipated the launch of the Beta version, was left disappointed as all the

cointelegraph

Bitcoin price briefly hits $29K despite recent Binance crackdown

Despite ongoing crypto crackdowns, the price of BTC briefly tipped over $29,000on March 30, clocking a new high for 2023.

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Bitcoin price briefly hits $29K despite recent Binance crackdown

Despite ongoing crypto crackdowns, the price of BTC briefly tipped over $29,000on March 30, clocking a new high for 2023.

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OKX Says It's Turning Over $157M in Frozen FTX and Alameda Assets

FTX bankruptcy lawyers say that $694 million in liquid assets have been identified before OKX’s announcement.

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Blocktrace Builds AI Chatbot to Simplify Blockchain Transaction Tracking

The startup is starting with Bitcoin, supporting natural language queries to scan transactions.

cointelegraph

Elon Musk and tech execs call for pause on AI development

The authors of the letter say that advanced artificial intelligence could cause a profound change in the history of life on Earth, for better or worse.

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Elon Musk and tech execs call for pause on AI development

The authors of the letter say that advanced artificial intelligence could cause a profound change in the history of life on Earth, for better or worse.

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Fantom [FTM] surges to $0.46, but here’s why the rally could halt

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The trendline resistance could halt or even reverse recent gains. The $0.4 area has served as significant support throughout March. Fantom [FTM] rallied strongly from a zone of support the bulls established around the

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Candy Digital Pushes Forward With New MLB NFTs After Fanatics Divestment

Candy CEO Scott Lawin discusses its third season of Major League Baseball collectibles, plus its recent investor shakeup and layoffs.

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EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions

EU lawmakers have voted in favor of imposing a €1,000 limit on crypto transactions where the customer cannot be identified. “Entities, such as banks, assets and crypto assets managers, real and virtual estate agents, and high-level professional football clubs, will be required to verify their customers’ identity, what they own and who controls the company,”

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FTX lawyers, creditors slam SBF’s petition to get legal fees reimbursed

The creditor’s committee and FTX lawyers have raised several objections to Sam Bankman-Fried’s request. A hearing date is set for April 12.

cointelegraph

FTX lawyers, creditors slam SBF’s petition to get legal fees reimbursed

The creditor’s committee and FTX lawyers have raised several objections to Sam Bankman-Fried’s request. A hearing date is set for April 12.

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How has Uniswap [UNI] benefitted from the Arbitrum AirDrop? Analyzing…

Many ARB recipients moved to Uniswap to swap their tokens. The UNI token saw bullish signs as UNI activity rose. The Arbitrum [ARB] AirDrop has been advantageous for the protocol and its users, but other protocols like Uniswap [UNI] have also reaped benefits from it. Is your portfolio green? Check out the Uniswap Profit Calculator

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Virtual Couture? Vivienne Tam’s First NFT Dress Struts Around Metaverse Fashion Week

The dress, inspired by Bored Ape Yacht Club NFTs and Tam’s signature East-meets-West design aesthetic, debuted in Decentraland this week.

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Crypto Whales Abruptly Move Over $186,000,000 in Ethereum Rival Solana – Here’s Where the Crypto Is Going

Crypto whales are suddenly on the move, relocating over nine million Solana (SOL) in a series of transactions. Whale-watching bot Whale Alert spotted the flurry of transactions to the tune of 9,075,999 SOL worth more than $186.84 million. Two of the largest transactions in the past day involves a crypto whale shifting a total of The post Crypto Whales Abruptly Move Over $186,000,000 in Ethereum Rival Solana – Here’s Where the Crypto Is Going appeared first on The Daily Hodl .

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World’s Largest Asset Manager Blackrock Predicts No Fed Rate Cuts This Year

The world’s largest asset manager, Blackrock, does not see the Federal Reserve cutting interest rates this year. “That’s the old playbook when central banks would rush to rescue the economy as recession hit. Now they’re causing the recession to fight sticky inflation – and that makes rate cuts unlikely, in our view,” said the firm’s

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Sam Bankman-Fried Is Paying His Lawyers With Funds From Alameda Research

Sam Bankman-Fried is reportedly paying his lawyers using funds from a $10 million cash gift that he gave to his father in 2021. The gift was funded using a loan from Alameda Research.

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First Mover Asia: Bitcoin Rises Above $28.3K Despite Binance Legal Woes

ALSO: Shaurya Malwa writes that a little-known Ethereum community is rallying behind the Ethereum Goerli test network in the hope that it can help find a way to keep it going. Bitcoin, ether and other cryptos spike.

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Kraken Becomes Official Sponsor of F1 Team Williams Racing

Did you think Crypto-F1 deals were over? Kraken has just signed a sponsorship contract with the top F1 team Williams Racing.

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This Chart Says Bitcoin Is A Leading Indicator For Inflation

A new price chart comparing Bitcoin (BTCUSD) with the US Consumer Price Index (CPI) could suggest that BTC is a leading indicator for inflation. And if what the chart signals is accurate, inflation could be coming back in a major way. Does Bitcoin Lead Rising And Falling Inflation? Back in 2020, Bitcoin price set new all-time

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SEC Chair Gensler: Existing rules regulate crypto, legislation unnecessary

SEC Chair Gary Gensler said the agency takes the lead in defining securities and that it doesn't necessarily need Congressional action.

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Arbitrum Airdrop: Strong Network Metrics, Weak Token Economics

Summary The Arbitrum airdrop has finally happened. There are currently a little over a quarter of a million holders and many of the tourists appear to have left. As a network, Arbitrum's metrics are generally strong. Valuation metrics also show a token that is probably well-priced. Long-term holders have to decide if governance is a strong enough reason to keep a token that is going to experience what could be aggressive unlocking in 12 months. The long awaited Arbitrum ( ARB-USD ) airdrop has finally happened. Like Optimism ( OP-USD ) or Polygon ( MATIC-USD ) Arbitrum is the latest Ethereum ( ETH-USD ) scaling chain that now has a token. However, unlike Polygon, gas fees on Arbitrum are paid in ETH not in the chain native token. In this article, we'll look at Arbitrum's network activity since the airdrop, explore the economics of the ARB token, and attempt to put a fair valuation on ARB. The Airdrop For those who don't know, "airdropped" coins are tokens or currencies that are distributed to blockchain wallet addresses as a reward for some other action. They are generally granted to crypto users as a "thank you" for participating in network growth or development. Up until last week, Arbitrum operated without a native token. But earlier this month the long anticipated Arbitrum token was announced and we had the distribution begin on March 23rd. Anyone who met certain usage criteria on the Arbitrum network before March 16th of this year qualified for the airdrop. According to Blockworks, roughly 625k addresses qualified to receive the token and 87% of those addresses have already claimed their tokens as of article submission. On Friday the 24th, token holders eclipsed 292k but we saw that number dip down to roughly 245k on Saturday as many of the "tourists" had exited their holdings: ARB Holders (Dune Analytics/Blockworks) However, after a brief dip in total token holders over the weekend, we've seen ARB holders stabilize and slowly edge back up to 267k. Initially, 625k wallet addresses were eligible. Of those, 543k addresses claimed which suggests a little over half the addresses that have claimed have sold the token given the current 267k current holders. There was so much interest in this drop that the front end website crashed at one point last week when token claiming was enabled. ARB Distribution (Dune Analytics/0xroll) Depending on how many interactions with the chain users had pre-token launch, there were differing amounts of ARB that each user qualified for. The maximum any one wallet address could receive was 10,250 coins. However, the majority of the tokens that were distributed were much smaller individual allocations. Network Usage As part of the push to claim airdrop coins, daily transactions on Arbitrum spiked over 2.7 million on Thursday - which was nearly three times the transactions of Ethereum and more than ten times the transactions of L2 peer Optimism. Daily Transactions (Dune Analytics/Blockworks Research) Arbitrum previously lost share to Optimism as the OP chain had rolled out an ecosystem building initiative - when that initiative ended, the activity on Optimism quickly fell back to early 2022 levels. Now that the ARB airdrop is largely in the rearview mirror and all the "free money" has been handed out, it should be interesting to see if the level of activity on Arbitrum remains as high as it has been over the last several months or if we see a reversion to prior levels now that the airdrop incentive is over. Arbitrum TVL (Defi Llama) So far, we've seen more tokens come into lock on Arbitrum than leave. I'd view that as a generally positive sign for ARB holders. Arbitrum now has over $2.2 billion in TVL, which makes it the fourth largest blockchain by TVL after Ethereum, Tron ( TRON-USD ), and Binance ( BNB-USD ). Arbitrum now has more TVL than Polygon and Optimism combined and a solidly diversified footprint of 262 protocols with top protocol dominance coming in at just 23%. TVL Rank Network Protocols Dominance TVL 1 Ethereum 720 36.8% $29.2b 2 Tron 17 69.7% $5.24b 3 Binance 567 47.5% $5.04b 4 Arbitrum 262 23.0% $2.22b 5 Polygon 398 29.6% $1.07b 6 Optimism 120 30.8% $920.09m 7 Avalanche 290 37.3% $832.53m Source: Defi Llama This top protocol dominance figure is a big improvement from just three months ago and one could actually argue that Arbitrum has the healthiest Defi footprint in the crypto ecosystem judging by the lower top protocol dominance figures in the table above. Of course, there are no sure things in crypto and ARB is no different. Key Risk: Tokenomics The major flaw I see in going long ARB today is that the token itself isn't used for gas or any real utility beyond governance voting. And anyone who has followed my work on Seeking Alpha closely may know how I personally feel about governance as a sole utility. It's fine if the network or protocol token distribution is truly decentralized. But as we learned with Uniswap ( UNI-USD ) last year, "governance" is often used to justify a token that has no real purpose and major decisions concerning protocol governance may never actually go to a vote. I'm not saying that will be the case with Arbitrum, but the token holders who were just airdropped ARB are a minority vote in the broader governance table: Percentage of initial supply Number of tokens Allocated to 42.78% 4.278 billion Arbitrum DAO treasury 26.94% 2.694 billion Offchain Labs Team and Future Team + Advisors 17.53% 1.753 billion Offchain Labs investors 11.62% 1.162 Billion Users of the Arbitrum platform (via airdrop to user wallet addresses) 1.13% 113 million DAOs building apps on Arbitrum (via airdrop to DAO treasury addresses) Source: Arbitrum Foundation Beyond the utility problem, the token still has a large amount of token emission remaining with just 12.7% of total initial supply in circulation. According to the Arbitrum Foundation , investor unlocks don't start for a year: While the user and DAO airdrops will be available in one week, all investor and team tokens are subject to 4 year lockups, with the first unlocks happening in one year and then monthly unlocks for the remaining three years. Until we have a more clear vesting schedule, I'd be very careful about buying ARB as a long term investment today. ARB holders may be able to avoid significant sell pressure for the next 12 months, but we could see quite a bit of ARB on the ask in the next 12-48 months. Valuation As is so often the case in crypto, finding the proper valuation metric can be challenging and vary depending on what a coin does. Since Arbitrum is a smart contract chain, price to fees is probably a good place to start. Despite the limited history of the ARB token, it actually trades at a lower fully diluted P/F ratio than both MATIC and OP: Fully Diluted P/F Ratio (Token Terminal) Another metric to consider is market cap to TVL ratio. This can be a good way to assess whether a chain is cheap based on DeFi activity. The larger the ratio, the more overvalued the chain token could conceivably be. However like the P/F ratio, ARB's Mcap/TVL ratio is also lower than peers: TVL Rank Network Active Users TVL Mcap/TVL 1 Ethereum 376,762 $29.2b 7.5 2 Tron 2,059,744 $5.24b 1.13 3 Binance 1,581,112 $5.04b 9.98 4 Arbitrum 184,854 $2.22b 0.73 5 Polygon 394,250 $1.07b 9.71 6 Optimism 53,921 $920.09m 0.78 7 Avalanche 25,543 $832.53m 6.78 Source: Defi Llama Arbitrum and Optimism both have very similar market cap to TVL ratios - each of which are significantly cheaper than peers. My guess as to why those valuations are so much lower than chains like Ethereum and Polygon are due to the fact that OP and ARB aren't necessary to pay gas fees, but that's admittedly just a guess. Something else to consider is smart contract chains aren't always focused on DeFi - this could create a large divergence in Mcap/TVL between two chains that have similar market valuations. For instance, Polygon and Arbitrum have close P/F ratios but very different Mcap/TVL ratios. In my view, this is likely because Polygon has a much larger footprint in NFTs than Arbitrum. Regardless, market cap to TVL is another instance of ARB actually looking pretty cheap compared to peer chains if you care about such metrics. Summary ARB is a bit like a tech stock that pays no dividend. If you can get past the idea that the token doesn't have much utility to the average user, it may be one of the better bets in the crypto space if you view it as a legitimate proxy on the success of the Arbitrum network. I take the view that Ethereum is going to be a long term winner in this industry and chains that help on-board users to that ecosystem will do very well provided they aren't cannibalized by any future scaling initiatives at the base layer. Arbitrum fits that thesis as a network, but the token itself needs better utility for me to personally buy it as a long-term investment. Now that the airdrop has come and gone, prospective buyers and holders should keep an eye on the activity level on the network.

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Russia Postpones Launch Of Digital Ruble

The scheduled trial of Russia’s digital ruble has been postponed; it was due on April 1. This is because the regulatory framework necessary for the pilot to proceed is yet to be adopted, as the state-owned news agency TASS reports. As per the same report, the legislation concerning CBDC (Central Bank Digital Currency) could be

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Volt Inu Partners With OKX to Enable OKX Wallet Web Extension Users to Access Voltichange

PRESS RELEASE. Volt Inu, the innovative crypto project and leading decentralized exchange (DEX) platform, announced a significant partnership with OKX, one of the top exchanges in the crypto industry, on March 27, 2023. Volt Inu’s Twitter announcement revealed that the two companies would be teaming up to leverage their respective Web3 capabilities. As part of

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Pussy Riot Protest Art NFT Triggers Russian Criminal Charges

Activist artist Nadya Tolokonnikova was added to a wanted list over a 2021 NFT piece depicting the Virgin Mary.

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Dogecoin price analysis: As bullish sentiment picks up, DOGE moves higher above $0.0750

Given that the coin value increased to $0.0751 for the day, the Dogecoin price analysis forecasts an upward trend. Up until March 27, 2023, the market was dominated by the bears, but now it appears that the bulls are in charge of price patterns. This is because today’s price breakout was upward, and the bulls … Dogecoin price analysis: As bullish sentiment picks up, DOGE moves higher above $0.0750 Read More »

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Binance’s bad days could be good for Kraken

U.S.-based exchange Kraken, which has had its own share of legal concerns, could seen an immediate upside from Binance's woes.

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Web3 Gamer: Shrapnel wows at GDC, Undead Blocks hot take, Second Trip

First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over.

cointelegraph

Web3 Gamer: Shrapnel wows at GDC, Undead Blocks hot take, Second Trip

First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over.

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Coin Center Says RESTRICT Act Could Be Used to Ban Bitcoin

Though it primarily targets companies like Tik-Tok, the bill’s language is much too broad, according to the crypto advocacy group.

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XRP exudes confidence before SEC verdict as March gains cross…

XRP’s month-long uptrend may continue as indicators showed no signs of slowing down. Profit-taking was close to a two-year high, but the current market condition calls for wariness. Following an excellent monthly performance that distinguished it from the rest of the crypto market, Ripple [XRP] could be faced with an imminent correction. Needless to say,

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SBF is Paying His Legal Fees Using Alameda’s Money: Report

Buried in a mountain of charges from the Justice Department, Former FTX CEO Sam Bankman-Fried (SBF) is reportedly paying his legal fees with money gifted to his father that was initially borrowed from his trading firm, Alameda Research. The multi-million dollar revelation comes after Bankman-Fried claimed in late November that he had just $100,000 left

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Biden Administration’s Crypto Actions Will Have Election Consequences, According to ARK Invest’s Cathie Wood

ARK Invest’s Cathie Wood says the Biden Administration’s abrupt escalation against the crypto industry will have consequences at the ballot box. In a new interview with economist Arthur Laffer, Wood says there is no doubt that the approximately 50 million Americans who own Bitcoin and crypto assets are closely watching recent moves from the White The post Biden Administration’s Crypto Actions Will Have Election Consequences, According to ARK Invest’s Cathie Wood appeared first on The Daily Hodl .

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At Least $37M Worth of y00ts NFTs Migrate to Polygon From Solana in One Day

Nearly 77% of all y00ts NFTs have switched chains since late Monday, with DeGods still set to leave Solana for Ethereum this Friday.

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Billionaire Mike Novogratz’s Galaxy Digital Announces $1,000,000,000 Loss in 2022

Digital asset manager Galaxy Digital has reported a $1 billion loss in 2022 after weathering the worst of the crypto bear market. In a new press release related to its Q4 2022 financial results and its preliminary results of Q1 2023, Galaxy Digital CEO Mike Novogratz said the firm faced “unprecedented” headwinds last year, but The post Billionaire Mike Novogratz’s Galaxy Digital Announces $1,000,000,000 Loss in 2022 appeared first on The Daily Hodl .

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Australian Parliament Seeks To Accelerate Regulation Of Crypto Sector

On Wednesday, Australian opposition senator Andrew Bragg introduced a new bill to the country’s parliament to implement a licensing regime for crypto exchanges. If passed, the bill would require Australian crypto exchanges to obtain a license to operate legally, bringing them in line with other financial service providers in the country who are also subject

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FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense

According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his

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Andy Warhol Artworks to Be Offered as Tokenized Investments on Ethereum

Four of Warhol's famous works were "partially acquired" from well-known art collectors, and each work will be available as shares in the form of security tokens.

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Coinbase said to be in talks with regulators to stay in Canada

U.S.-based cryptocurrency exchange Coinbase Global ( NASDAQ: COIN ) is in discussions with regulators about securing the appropriate license to continue operating in Canada as the country's umbrella markets watchdog seeks to stiffen rules for such platforms, CoinDesk reported Wednesday, citing a person familiar with the matter. The move came one week after Coinbase ( COIN ) received a warning that staff at the U.S. Securities and Exchange Commission recommended enforcement action against the firm for allegedly breaching securities laws. On the slip side, larger rival Binance is looking to exit Canada, where CEO Changpeng Zhao is a citizen, but no final decision has yet been made, a company spokesperson told CoinDesk. Fellow exchange Blockchain.com, which has also been caught up in the recent market downturn, confirmed that it will pull out of Canada, the article said. Binance took the spotlight in recent days after it became the latest victim of the ongoing regulatory crackdown, having been sued by the U.S. Commodity and Futures Trade Commission on allegations that it was illegally operating in the U.S. The increased regulatory scrutiny roiled the crypto market Monday, when the suit became public knowledge, but traders appeared to have turned their attention away from the news in the sessions that followed.

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USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High

Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins in circulation.

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Hollywood Actor Matt Damon Explains Why he Appeared on Crypto.com Ad

Damon disclosed that Crypto.com's $1 million financing to his charity foundation had been the main reason for his involvement in the commercial.

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Coinbase plans to stay in Canada; Binance likely to exit as regulations for crypto exchanges tighten

Coinbase is reportedly in negotiations with Canadian regulators to obtain the necessary license to remain in operation within the country, according to an anonymous source familiar with the matter. Meanwhile, its larger rival Binance appears poised to exit Canada as regulations for cryptocurrency exchanges are heightened. Elliott Suthers, Coinbase’s communications director, has stated that their … Coinbase plans to stay in Canada; Binance likely to exit as regulations for crypto exchanges tighten Read More »

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How Developer Happiness Affects Team Productivity in Blockchain Development

Productivity is a vital requirement for software and blockchain development. One critical factor that significantly impacts productivity is developer happiness. This suggests that developers can make or break a company’s success. If your developers are unhappy, your team will fail to meet targets, and the overall efficiency will go down the drain. This is especially … How Developer Happiness Affects Team Productivity in Blockchain Development Read More »

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Binance Hid Ties With China Even After The Crackdown In 2017

Binance reportedly hid its ties with China after the latter's crackdown on crypto in 2017. CEO Changpeng Zhao reportedly instructed employees to hide information about the exchange's presence in China.

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Ethereum's Shanghai Is Nearing, But When Can I Withdraw My Staked ETH?

Even though the Ethereum blockchain’s Shanghai hard fork (also known as Shapella) will go live April 12, you might not receive your rewards immediately if you have staked ETH with a staking service or a staking pool.

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Latin America’s Largest E-Commerce Platform To Enable Bitcoin Trading In Chile

MercadoLibre has enabled bitcoin and cryptocurrency trading on its Mercado Pago wallet for Chilean users.

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War On Crypto Intensifies: SEC Charges Another Company

The Securities and Exchange Commission’s (SEC) crackdown on the crypto industry shows no signs of slowing down. The regulator continues to target firms and major players in the sector. In the latest move, the SEC has filed charges against Beaxy, a cryptocurrency platform, and its executives. The SEC alleged that Beaxy failed to register as

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Paxful refunds Earn Program users affected by Celsius Network collapse

On March 29, Paxful CEO Ray Youssef announced via Twitter that users of their Earn program affected by the collapse of Celsius Network in 2022 will be refunded. Youssef said that funds would become available for these users in Paxful’s wallet in the coming days and affirmed: “I’ve personally taken action and will be refunding … Paxful refunds Earn Program users affected by Celsius Network collapse Read More »

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FDIC plans to return $4B in Signature crypto deposits ‘by early next week’ — Martin Gruenberg

The Treasury Department’s undersecretary for domestic finance, Nellie Liang, said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.

cointelegraph

FDIC plans to return $4B in Signature crypto deposits ‘by early next week’ — Martin Gruenberg

The Treasury Department’s undersecretary for domestic finance, Nellie Liang, said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.

cointelegraph

Anti-TikTok RESTRICT Act could be turned against crypto and much else, think tank warns

Experts are speculating on ways the bipartisan bill could be misused if passed into law, and finding potential threats to technologies that people love.

cointelegraph

Optimism reigned at Paris Blockchain Week

Careful optimism was the theme at this year's Paris Blockchain Week. Builders will build and the crypto community will keep going.

cointelegraph

Arbitrum airdrop-related selling subsides, but DApp use sustains while smart money accumulates ARB

The ARB airdrop followed the sell-the-news narrative, but Arbitrum’s DApp use and fundamentals remain strong and smart money continues to buy ARB tokens.

cointelegraph

Mysterious entity may be collecting BTC users’ IP addresses — Bitcoin developer

The entity reportedly uses a range of 812 different IP addresses to obscure its identity while collecting data.

cointelegraph

Paxful to return lost Celsius funds to Earn users

Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network’s bankruptcy.

cointelegraph

Ethereum bulls ignore regulatory action against exchanges by preparing for the Shapella hard fork

ETH investors appear unconcerned about the regulatory challenges facing the crypto market and are instead selecting to focus on the network’s next upgrade.

cointelegraph

NFT investor accidentally burns CryptoPunk: Nifty Newsletter, March 22–28

While trying to wrap his CryptoPunk to borrow money, an NFT investor accidentally sent the asset to a burning address, permanently removing it from circulation.

cointelegraph

Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report

The former FTX CEO reportedly gave Joseph Bankman roughly $10 million funded by a loan from Alameda Research as a part of a lifetime estate and gift tax exemption.

cointelegraph

Beaxy exchange shutters after SEC presses multiple charges against founder, execs

The regulator is throwing the book at Beaxy and people associated with it on charges of unregistered securities offering and failing to register in a number of capacities.

cointelegraph

Price analysis 3/29: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin and select altcoins are close to breaking out of their overhead resistance levels, indicating that bulls remain in control of the crypto market.

cointelegraph

How to mitigate the security risks associated with crypto payments

Learn how to mitigate security risks associated with crypto payments through methods such as hardware wallets and secure exchanges.

cointelegraph

Binance concealed ties to China for years, even after 2017 crypto crackdown: Report

Documents reviewed by the Financial Times show that Binance kept staff and operations in China despite announcing its departure in 2017.

cointelegraph

Bitcoin mining stocks underwhelm in March, but brighter days could be around the corner

In March mining stocks increased at a slower pace compared to BTC, amid macroeconomic uncertainty and increasing competition among Bitcoin miners.

cointelegraph

US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister

Do Kwon may have to serve time in Montenegro if convicted of charges related to forged identification documents before any extradition to the U.S. or South Korea is granted.

cointelegraph

‘Definitely not bullish’ — 7% Bitcoin price gains fail to convince traders

Bitcoin simply hasn’t dealt with the worst of resistance in a key trading range for everyone to flip bullish.

cointelegraph

XRP price tags 10-month high — Can a 35% pullback be avoided?

A U.S. regulator called Bitcoin, Ether and Litecoin commodities in its court filing against Binance; it did not mention XRP anywhere.

cointelegraph

Crypto Wendy on trashing the SEC, sexism, and how underdogs can win: Hall of Flame

Crypto Wendy built an audience by being herself, defending others, trashing jerks and the SEC, and showing underdogs how to win at crypto.

cointelegraph

Web3 creators at higher a loss for royalties than anticipated: data

New data from research by eBit Labs and LiveArt marketplace reveals that the previous estimates of creator royalty losses, which were around $35 million, may be much higher.

cointelegraph

Why Web3 gaming is becoming the new hype for serious gamers

Prior to the introduction of P2E gaming, the average gamer would say that they enjoy playing video games simply because they're fun. Now, Web3 adds a completely new dimension to their original experience.

cointelegraph

How to financially prepare for a recession

To stay recession-proof, build an emergency fund, cut expenses, diversify investments, pay off debt and enhance your skills.

cointelegraph

AI technology is reshaping NFT gaming — Here’s how

With the meteoric rise of artificial intelligence (AI) technology, many people are wondering: How will AI influence the video game industry?

cointelegraph

Polygon to help fight NFT scams with Web3 infra protocol partnership

Polygon partners with Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for NFTs to certify originality.

cointelegraph

Stablecoins are solution to crypto’s banking problem, exec says

Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues.

cointelegraph

Africa: The next hub for Bitcoin, crypto adoption and venture capital?

Cointelegraph’s Elisha Owusu Akyaw shares how cryptocurrency is changing the financial landscape in Africa — and the opportunities and challenges that come with it.