Today at Chaintalk News

December 8, 2022

Crypto Asia Summit Report – The Top Crypto Virtual Event Of 2020

By ChainTalk TV

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Two Ripple Partners Join Forces to Boost Global Remittance from South Korea

Two partners of Ripple have inked partnership to boost remittances from South Korea around world
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Kraken’s Dave Ripley Denounces SBF as a Fraudster

FTX's contagion will continue but will not reach Kraken, Ripley stated.
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Collapsed FTX Sought $100M Sponsorship Deal With Taylor Swift: Report

Negotiations between Sam Bankman-Fried’s crypto exchange and the 11-time Grammy award-winning pop star reportedly fell through in spring.
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cointelegraph

Mazars says users' BTC reserves on Binance are fully collateralized

The scope of the AUP was limited to users' BTC holdings on Binance.

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Mazars says users' BTC reserves on Binance are fully collateralized

The scope of the AUP was limited to users' BTC holdings on Binance.
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“Deal of the Year”: New Elon Musk Crypto Scam Targeting Cryptocurrency Users

Elon Musk followers have become targets of new crypto sham that has been spotted by Bleeping Computer
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Ban Energy-Intensive Crypto, Says ECB Official

Fabio Panetta likened the ecosystem to gambling and a Ponzi scheme.
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Can Polygon’s series of updates help MATIC get rid of its year-end woes

Polygon announced its partnership with Warner Music Group and yet-to-launch music NFTs platform LGND Music. The network confirmed that it commenced the first batch of one-third vesting and distribution further to its February fundraising. Blockchain projects seem to be scampering for end-of-the-year wins following the series of problems that have plagued the ecosystem since the
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Banking Giant Goldman Sachs on the Lookout for Crypto Bargains Following FTX Collapse: Report

Financial giant Goldman Sachs is reportedly bargain hunting in the crypto space after the FTX collapse soured market sentiment. According to a new Reuters report, Goldman Sachs plans to spend “tens of millions of dollars” on crypto investments or purchases. They are currently performing their due diligence on a number of different crypto firms, which The post Banking Giant Goldman Sachs on the Lookout for Crypto Bargains Following FTX Collapse: Report appeared first on The Daily Hodl .
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Just In: Crypto Portfolio Of Top Investors Including Richard Heart Revealed

Top Crypto Holdings Of Big Investors: While the crypto market struggles to find stable ground for a bull run to recover from the FTX collapse, big whales are accumulating their favorite coins. In this context, many small retail investors would like to compare their portfolios with that of big investors in the space. In a The post Just In: Crypto Portfolio Of Top Investors Including Richard Heart Revealed appeared first on CoinGape .
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Koinly Announce 14% Layoff Citing Bearish Market

London-based early-stage digital assets trading firm Koinly has decided to reduce its headcount by up to 14% The post Koinly Announce 14% Layoff Citing Bearish Market appeared first on Blockchain, Crypto and Stock News .
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Navigating The Different CoinJoin Implementations

How does one cut through the noise and confusion to find the optimal way to utilize CoinJoins and obscure their bitcoin transactions?
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Top EU Commissioner: Some Crypto Advocates Favor 'Dangerous' Anti-Regulation Path

The EU’s Mairead McGuinness said that while some firms are onboard with new crypto rules, others oppose a “regulated, managed system.”
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Gate.io Launch $100M Industry Liquidity Support Amidst FTX Fall

Gate.io, a leading cryptocurrency exchange, announced the launch of an industry liquidity support fund with an initial worth of $100 million The post Gate.io Launch $100M Industry Liquidity Support Amidst FTX Fall appeared first on Blockchain, Crypto and Stock News .
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XRP sheds almost $5 billion from its market cap in a month despite positive Ripple lawsuit news

XRP has recorded phases of high price volatility in recent weeks as the token’s community monitors the progress of the … Continued The post XRP sheds almost $5 billion from its market cap in a month despite positive Ripple lawsuit news appeared first on Finbold .
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ADA and BNB Price Analysis for December 7

Which coins are ready for short-term reversal?
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Blockstream Seeks Fresh Fund to Remain Afloat

Blockstream is on the lookout for fresh capital at a valuation lower than that of its most recent funding round The post Blockstream Seeks Fresh Fund to Remain Afloat appeared first on Blockchain, Crypto and Stock News .
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Celsius Chapter 11 Update and Galaxy’s Acquisition of GK8

Quick Take Galaxy Digital agrees to purchase GK8 from Celsius for ~$44.0mm Required escrow deposit of ~$5.4mm from November 3, 2022 agreement Celsius KERP approved in late November 2022 after being denied earlier this year Part of Celsius’s ongoing Chapter 11 proceedings
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Pixel Bags New Partnership With Atari to Print NFTs

A new partnership with print-on-demand firm Pixel now permits holders of NFTs which belong to Atari to print their collections The post Pixel Bags New Partnership With Atari to Print NFTs appeared first on Blockchain, Crypto and Stock News .
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UK Regulator Is Firming Up Its Approach to Crypto Oversight

The Payment Systems Regulator will be looking at what happens if a crypto payment system goes wrong and the measures needed to protect consumers against fraud, Nick Davey, a Payment Specialist, told CoinDesk in an interview.
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Bitcoin Price Prediction – When Will the Next Bull Market Start?

Bitcoin price prediction turned bearish on November 7, following the bearish breakout of a major support level of $16,900. The breach of the upward trendline has increased selling pressure on Bitcoin, potentially leading to a drop to $16,500. Let's take a quick look at the market's fundamentals.... Read More: Bitcoin Price Prediction – When Will the Next Bull Market Start?
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SHIB Hits New Big Milestone in Past 2 Days: Details

Over last two days, Shiba Inu token has reached impressive new milestone
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Terra Luna Classic Price Prediction: Technical Chart Hints LUNC May Plunge To $0.0001 Mark

The LUNC coin price losing for three consecutive days, has reverted from a descending trendline and breached local support of $0.000167. The coin price currently trades at the $0.000165 mark, and a daily candle close below the mentioned support will accelerate the current selling pressure. This development encourages further downfall in Terra coin price Key The post Terra Luna Classic Price Prediction: Technical Chart Hints LUNC May Plunge To $0.0001 Mark appeared first on CoinGape .
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cointelegraph

Into the storm: The murky world of cryptocurrency mixers

A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash.

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Into the storm: The murky world of cryptocurrency mixers

A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash.
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Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months

Over the last 100 days or roughly three months, bitcoin’s market dominance among 21,958 different crypto assets worth roughly $850 billion has been under 40%. Bitcoin dominance has been under 40% since Aug. 27, 2022, with a brief instance of rising above the 40% range 52 days ago, on Oct. 15. Bitcoin’s Market Superiority Lost
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Coppola-backed Decentralized Pictures Partners with Kevin Smith on SMODCastle Film Festival and DCP Film Financing Award

Smith and Decentralized Pictures collaborate to use blockchain technology to provide opportunities to aspiring talent through the SMODCastle Film Festival
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Web3 and Music combine – introducing Clef

Clef is an NFT project that lets users buy on-chain music NFTs and remix their melodies to create entirely unique
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Crypto Firm Deribit Hacked; Nearly $30 Million Gone

It’s happened again, folks. Another digital currency hack is in the books. This time, the victim is Deribit, a cryptocurrency exchange based in the Central American nation of Panama. Deribit Has Lost a Lot of Money At the time of writing, as much as $28 million in crypto assets have been stolen. The exchange confirmed the ... The post Crypto Firm Deribit Hacked; Nearly $30 Million Gone appeared first on Live Bitcoin News .
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U.S. lawmakers want State Department to disclose and justify crypto rewards

An amendment proposed by lawmakers in the United States indicates that they want to be kept in the loop when it comes to crypto rewards and payouts facilitated by the U.S. Department of State. The Department of State is an executive branch of the U.S. federal government responsible for the country’s foreign policy and relations.
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DeFi derivatives protocol Perennial raises $12 million, launches mainnet

Perennial, a decentralized finance protocol for trading derivatives, has raised $12 million in a seed funding round.
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ImmutableX gaming NFTs now available on Nifty Gateway

ImmutableX-powered NFTs from web3 games such as Gods Unchained, Guild of Guardians, Illuvium, Embersword and Planet Quest are now available on Gemini-owned NFT marketplace.
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DeFi Protocol Perennial Launches with $12M Fundraise

Polychain Capital and Variant co-led the round for the decentralized derivatives protocol.
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Security in crypto comes from liquidity or the lessons we learned after FTX

Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions.
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cointelegraph

Security in crypto comes from liquidity or the lessons we learned after FTX

Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions.

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Cardano reactivates testing of Djed stablecoin with brand new capabilities

Despite the recent setbacks, the cryptocurrency sector continues to expand, led by the developments and innovations of major ecosystems such … Continued The post Cardano reactivates testing of Djed stablecoin with brand new capabilities appeared first on Finbold .
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Decentralized identity: Proving it’s really you in the 21st Century

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Decentralized identity: Proving it’s really you in the 21st Century

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Nigeria Pushes CBDC Usage With New ATM Cash Withdrawal Limits

The Nigerian government has imposed new restrictions on ATM withdrawals in an effort to increase usage of the eNaira.
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Will The Slow Down In BTC Mining Hamper Bitcoin’s Short Term Price?

After a tumultuous month for Bitcoin in November, few indicators are pointing out that the BTC price can see a major downtrend in the month of December and in the near short term. The core factor leading to this is the declining hashrate and mining difficulty, coupled with the dwindling mining operations & their poor The post Will The Slow Down In BTC Mining Hamper Bitcoin’s Short Term Price? appeared first on CoinGape .
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Binance's Bitcoin Reserves Are Overcollateralized, Says Audit

Mazars performed a proof-of-reserves and proof-of-liabities audit on the centralized exchange.
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China, The Endless Schrödinger

It's precisely nine years since China announced the first ban of bitcoin in December 2013, but crypto runs still in China.
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Cardano Receives Stunning Prediction for 2023, Here’s How Tables Would Turn

Year 2023 is set to be eventful one for Cardano
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LUNC saw a pullback but could a bounce be imminent for Terra Classic?

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The lower timeframe structure was bearish However, confluence from a 4-hour chart’s support zone could see LUNC move upward Bitcoin fell beneath the $17k mark in the hours preceding the time of writing. This meant
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Ripple Partner and J.P. Morgan Team up in UAE, Major Japanese Exchange Reacts to Petition to List SHIB, David Gohkshtein Believes BTC Bottomed: Crypto News Digest by U.Today

Read U.Today’s news digest to find out what’s going on in the industry!
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OneCoin Co-Conspirator Frank Schneider Faces Money-Laundering Charges

OneCoin was a $4 billion ponzi scheme.
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Is Ripple Counsel Pointing Toward a Settlement with the SEC? Here’s What You Should Know

The post Is Ripple Counsel Pointing Toward a Settlement with the SEC? Here’s What You Should Know appeared first on Coinpedia Fintech News After the recent update, the Ripple vs SEC lawsuit is expected to reach its destiny very soon. Both parties have submitted their briefs in court, expecting the judgement to be in favour of them. Ripple CEO, Brad Gardlinghouse recently mentioned that Stuart Alderoty is offering tough times to fight against crypto regulation. Stuart Aldertoy, the …
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Orbeon Protocol (ORBN) continues to rise in Presale, early backers now up by 525%

Orbeon Protocol (ORBN) went by unnoticed for quite a while, until it suddenly took off like a rocket, and now everybody wants a piece of the action. Market newcomer Orbeon Protocol (ORBN) is a decentralized investment still in the second phase of its pre-sale that has grabbed the attention of whales and smaller retail crypto
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate as USD Strengthens

Bitcoin was consolidating on Wednesday, as the U.S. dollar continued to strengthen versus several G7 currencies. A strong dollar means demand for cryptocurrencies typically plummets, with the global market cap trading in the red as of writing. Ethereum was also lower today, falling as it remained below $1,300. Bitcoin Bitcoin (BTC) continued to consolidate in
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Bullish News For Polygon! zkEVM Mainnet Is Coming Soon, Says Co-Founder

Polygon, an Ethereum layer-2 solution, has recently seen massive hype due to notable partnerships with major brands such as Starbucks, Mercedes, Meta, Reddit, eBay, Disney, and Adobe, among others. And the team led by Sandeep Nailwal, co-founder of Polygon, continues to work hard to keep that hype going. Via Twitter, Nailwal shared a massively bullish news today. He wrote: zkEVM passing 99.5% of Ethereum test vectors putting Polygon zkEVM at extremely high EVM-equivalence. This is also reflected in the dev experience where 1000s of solidity smart contracts have been deployed on zkEVM without any changes whatsoever. Running towards mainnet soon! Narwal referred to David Schwartz, who is the project lead of the Polygon Hermez team. Schwartz announced in this thread that Polygon’s zkEVM is making tremendous progress. “Currently, we are passing 99.5% of Ethereum test vectors that apply to our type-3 implementation (9,650+ tests passed),” wrote the project lead of team Hermez. Related Reading: This Report Suggests Crypto Sector Bearing A Final Flush-Out Polygon zkEVM is a complete EVM-equivalent L2 zk-rollup Ethereum scaling solution. On it, users have deployed more than 3000 smart contracts without friction or transformation. “Their dApps work seamlessly, with over 20K transactions,” Schwartz added, further explaining that the test network zkProver has provided more than 12,000 complete proofs of validity for these arbitrary user transactions. This Is Why The zkEVM Is Such A Big Deal For Polygon Layer-2 scaling solutions for the Ethereum blockchain have seen a gigantic growth in transactions in 2022. And the trend is projected to continue. Layer 2 growth this year has been monumental. I expect this trend to continue in 2023 and beyond. pic.twitter.com/wamQOPicuD — Miles Deutscher (@milesdeutscher) December 7, 2022 Meanwhile, Polygon has established itself as one of the leading scaling solutions. Of all the solutions, Polygon has forged the most notable and largest partnerships to grow the Ethereum ecosystem. And the zkEVM. a zero-knowledge Ethereum Virtual Machine (zkEVM), could further cement this position for Polygon. The zkEVM is operating zk rollups. This smart-contract technology bundles transactions from the Ethereum ecosystem and sends them to the Ethereum mainnet as a single transaction. Related Reading: Continued Upswing Of VIX Signals Doom For Bitcoin; But Friday Will Be Crucial In this context, the zero-knowledge cryptography is both a privacy measure and a data minimization measure. A zero-knowledge proof makes it possible to retain full security without revealing the data necessary to do so. Remarkably, the Polygon zkEVM maintains full Ethereum compatibility. Until now, zk rollups with full Ethereum compatibility were deemed difficult to program. In this respect, the development of Polygon is a major milestone. Once the zkEVM mainnet comes online, there could be an explosion of dApps on Polygon. And the price of MATIC could profit big time from it. However, at press time, MATIC was trading at $0.88, following the broader market sentiment.
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cointelegraph

Was the fall of FTX really crypto’s ‘Lehman moment?’

Lehman Brothers’ 2008 collapse nearly brought the world financial system to its knees. Does FTX really compare? Are such analogies even useful?

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Was the fall of FTX really crypto’s ‘Lehman moment?’

Lehman Brothers’ 2008 collapse nearly brought the world financial system to its knees. Does FTX really compare? Are such analogies even useful?
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Outlook: Institutional Investors See Recession as Inevitable But Stagflation as the Bigger Risk, Finds Natixis Investment Managers Survey

At least 80% of institutional investors in all regions except Asia say their economies are or will be in a
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GRC Launches ElectroSafe Fluid Partner Program for Data Center Liquid Immersion Cooling

New program will validate a range of globally available dielectric fluids for use in GRC’s patented liquid immersion cooling systems,
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Just Like Bitcoin, Binance US Drops All Ethereum-USD Trading Fees

Users can now freely trade ETH for US dollars or any of the three top stablecoins.
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cointelegraph

Proactive sanctions can help spare the ecosystem: Chainalysis exec

Andrew Fierman highlighted the nuances of sanctions depending on who is involved, what is at stake and where they’re coming from.

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cointelegraph

Institutional investors still eye crypto despite the FTX collapse

Data sent by crypto exchange Bitstamp shows that institutional registrations in the trading platform increased by 57% in November.

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cointelegraph

Bank of Russia wants to ban miners from selling crypto to Russians

The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia.

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cointelegraph

BTC price hits new December low as Bitcoin dips 2% with Asia stocks

Bitcoin fails to hold $17,000 as BTC price correlation with Asia stocks stands out on the day.

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cointelegraph

Japan recommends against algorithmic backing in stablecoins

The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins.

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cointelegraph

Decentraland launches virtual property renting for LAND owners

The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace.

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cointelegraph

Report outlines reasons why stakeholders are against CBDC

The American Banking Banking Association highlighted that a CBDC issued by the U.S. Federal Reserve lacks “compelling use cases.”

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cointelegraph

US lawmakers want State Department to justify crypto rewards and disclose payouts

The State Department should submit a report on the use of cryptocurrencies as a viable reward payout with evidence that suggests it's more encouraging for whistleblowers.

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cointelegraph

Gate.io pledges $100M to revive crypto and rebuild investor confidence

With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses.

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cointelegraph

3AC subpoenas issued as dispute grows over claims of Terraform dump

The bankruptcy judge has given approvals to subpoenas aimed at Three Arrows Capital’s leadership, while a new Terra Luna conspiracy has been floated.

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cointelegraph

Blockstream raises funds for mining at 70% lower company valuation

CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity.

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cointelegraph

Nifty News: Winamp adds NFT support, Atari gets physical and more

Atari has teamed up with Pixels.com for physical NFT artworks and Investopedia has given a rundown on NFT tax law.

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cointelegraph

Iran set to freeze bank accounts of women who refuse to wear a hijab

Iran’s plan to freeze bank accounts reinforces the need for decentralized currencies to exist in tandem with cash and CBDCs.

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cointelegraph

Rep. Cawthorn fined for ethics breach over Let’s Go Brandon token promo

The Ethics Committee couldn’t agree if the Representative sought to profit from his promotions, but he was fined for it regardless and for also not declaring a “gift” of the token.

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cointelegraph

Crypto will be regulated as securities — ICE boss and Senator Warren

Senator Elizabeth Warren’s bill seeks to hand control to the SEC, imposing new obligations on centralized crypto firms, something Jeffrey Sprecher thinks will be good for crypto.

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cointelegraph

Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC

The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions.

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cointelegraph

Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust

The New York-based hedge funds want Grayscale to cough up information about its flagship Bitcoin trust which it believes could reveal potential mismanagement.

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cointelegraph

Fan tokens struggle to hold on as World Cup quarter-finals draw nearer

Soccer fan tokens have seen their prices and trading volumes plummet since the start of the World Cup on Nov. 20.

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cointelegraph

Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report

Mark Cohen was a former assistant U.S. attorney for the Eastern District of New York who was also on the defense team for the high-profile criminal case involving Ghislaine Maxwell.

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cointelegraph

North Korean Lazarus Group is targeting crypto funds with a new spin on an old trick

Microsoft and cybersecurity firm Volexity have traced a new version of AppleJeus malware to the hackers behind the Ronin exploit and numerous other online heists.

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cointelegraph

Cryptocurrency has become a playground for fraudsters

Currency speculation was once the preserve of banking institutions, governments, and investment funds. But with cryptocurrency, it's being sold to the public as casino entertainment.

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cointelegraph

3 reasons why Ethereum price keeps rejecting at the $1,300 level

Traders are not sure if ETH will be able to hold the $1,200 level while the S&P 500 rapidly approaches the crucial 3,900 support and ETH derivatives data hints at more downside.

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cointelegraph

Paraguay's legislature fails to reverse presidential veto on crypto regulation law

Just 38 out of 80 members of Paraguay’s Chamber of Deputies voted to reconsider a bill to cap electricity rates for the country’s crypto miners.

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cointelegraph

Warner Music, Polygon and LGND partner to launch Web3 music platform

The platform LGND Music is set to officially launch in January 2023, and will also include dance record label Spinnin’ Records.

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cointelegraph

Bitcoin on-chain data shows 5 reasons why the BTC bottom could be in

On-chain analysis gives compelling reasons why BTC price could be in the final stages of a bottoming process.

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