Crypto News and Updates

Former FTX CEO Sam Bankman-Fried’s lawyers argue that the accommodations provided for his criminal trial preparation are inadequate. They claim that the millions of pages of discovery materials produced by the U.S. Justice Department are too overwhelming to access from jail. Bankman-Fried’s legal team believes that temporary release is necessary for him to properly participate in his defense. They emphasize his dedication to reviewing the voluminous discovery and creating analyses to share…

This week’s Crypto Biz explores the latest on Binance’s global on-ramps and off-ramps, Coinbase-Circle re-alignment, and Shopify’s acceptance of USDC payments. Binance faces issues with fiat withdrawals in Europe due to SEPA transfer problems, while Binance.US partners with MoonPay to use Tether (USDT) as its new ‘base asset.’ Coinbase and Circle shut down the Centre Consortium to comply with stablecoin regulations, with Coinbase taking an equity stake in Circle. Shopify introduces Solana Pay…

A former employee of Worldcoin, who goes by the name Nadir Hajarabi, has come forward with allegations of questionable and potentially illegal activities within the company. Hajarabi claims to have witnessed these actions before quitting the project just before its token launch. The Worldcoin project, which aimed to use retinal scans for identity verification, faced criticism and scrutiny for its data collection methods and privacy concerns. Authorities in different jurisdictions are repor…

Robinhood’s recent accumulation of $4.24 billion in Bitcoin holdings has the potential to reshape the cryptocurrency landscape. The platform’s ownership of a significant amount of BTC introduces a new dynamic, as Robinhood is traditionally known for its focus on equities and options trading. This development highlights the growing influence of retail investors and challenges the dominance of crypto-native exchanges. The implications of Robinhood’s involvement in the crypto market could hav…

Banco de España deputy governor Margarita Delgado spoke about the introduction of the digital euro, emphasizing its potential to overcome challenges such as cross-border payment barriers and the general lack of payment service providers (PSPs) in Europe. She believes that the digital euro can coexist with private payment solutions, enabling the development of new pan-European payment and financial services by the private sector. However, financial security must be ensured before its launch…

Bitcoin and altcoins are experiencing a decline in value following comments from the Federal Reserve suggesting that interest rate hikes could continue into 2024. Federal Reserve Chair Jerome Powell’s recent speech emphasized the need to address high inflation rates, indicating the likelihood of prolonged higher interest rates. Although United States equities markets have recovered from intraday lows, uncertainty remains about the future direction of the markets.

Last week in the world of decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... finance (DeFi), developers behind Base and Optimism protocols announced a joint agreement for revenue-sharing and governance-sharing. Coinbase, the parent company of Base, also outlined its commitment to neutrality to prevent centralization. Additionally, the Multichain hack investigation revealed new evidence, Shiba Inu’s Shibarium L2 network is preparing for a public relaunch, and Quantstamp introduced a new tool to detect flash loan attack vulnera…

The Hong Kong Monetary Authority (HKMA) released a report on its study Project Evergreen, which explored the impact of bond tokenization on the market. The study highlighted the potential of distributed ledger technology (DLT) to improve real capital market transactions within the existing legal framework in Hong Kong. By leveraging DLT, bond tokenization offers benefits such as efficiency, liquidity, and transparency in the bond market. It enables paperless transactions, eliminates the need for physical certificates, allows interaction on a common DLT platform, and enhances transparency through real-time data synchronization. However, the report also acknowledges that tokenization of bonds is still in its early stages and faces challenges that need to be overcome. It emphasizes the importance of connecting different tokenization solutions and conventional systems to avoid fragmentation, as well as the need to fine-tune legal and regulatory regimes to support technology adoption. This report aligns with Hong Kong’s efforts to position itself as a hub for crypto and decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... finance activities.

Academics are divided over a research paper that suggests that ChatGPT, a large language model, exhibits a significant political bias towards the left side of the political spectrum. The study claims that ChatGPT’s output contains errors and biases that could mislead readers and perpetuate political biases presented by traditional media. The researchers conducted robustness tests to address potential confounding factors and alternative explanations, concluding that ChatGPT leans towards Democrats in the US, Lula in Brazil, and the Labour Party in the UK. However, critics argue that the method used may not capture the nuances of political ideology and that the questions posed may be biased or leading.

A whale in the cryptocurrency market took advantage of the recent dip in the value of PEPE tokens and made a significant purchase. With concerns about developer manipulation and adjustments to a multisig wallet, the value of PEPE dropped by approximately 15%. The whale spent 320 EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. (valued at $529,000) to acquire 640 billion PEPE tokens, following previous transactions of 500 billion PEPE for 280 EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. and 164 billion PEPE for 253 EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.. This move highlights the potential opportunities presented by market fluctuations and the significance of developer actions in the crypto space.