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Logo of telegram channel cbinsider — Coin Bureau Insider
Channel address: @cbinsider
Categories: Cryptocurrencies , Economics
Language: English
Subscribers: 140.60K
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Get the latest updates from Coin Bureau straight to your Telegram 📲
Includes:
- Altcoin Rally Reports 📈
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- Video Updates 👀
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The latest Messages

2023-05-15 15:13:24

7.7K views12:13
Open / Comment
2023-05-15 15:13:16 Hey Guys,

If you thought that last week was crazy, you haven’t seen anything yet. This week we’re likely to see a continuation of the same crypto and macro factors that moved the markets, and by moved I mean crashed.

Most of the recent volatility is due to a deadly combination of low liquidity and lots of liquidations. This means that any moves to the upside or downside are likely to be more extreme, and there are lots of catalysts for this.

One catalyst to keep a close eye on is the debt ceiling. The mere prospect of a default could result in double digit declines – it’s what happened in 2011. It could have a particularly profound impact on crypto via stablecoins.

This is a weekly crypto review you can’t miss!
7.7K views12:13
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2023-05-15 10:58:04 COIN BUREAU NEWSFLASH! – (15/05/23)
Here are some of today’s most important headlines:

SEC Revises $22M Punishment Against LBRY, Seeks $111K Instead

According to a recent court filing, the U.S. Securities and Exchange Commission is seeking an amendment to its request for remedies in its successful case against decentralised content platform LBRY. Specifically, the regulator is seeking to impose a fine of $111,614 instead of the original $22 million fine due to LBRY’s “lack of funds and near-defunct status.”

The filing reads,

“The Commission acknowledges LBRY’s representations that it is defunct, ceasing operations, and without the funds to pay a larger fine, and recognizes that a defendant’s ability to pay is a factor when imposing a civil penalty.”

https://cointelegraph.com/news/sec-revises-lbry-fine-to-111k

Bitcoin Addresses Holding 1 BTC Or More Reach One Million: Glassnode

According to data from Glassnode, the number of “whole-coiners” (Bitcoin wallet addresses holding 1 BTC or more) has surpassed the one million mark. The data also reveals that over 190,000 whole-coiners were added from early February 2022 as the price of Bitcoin fell from its November 2021 highs.

https://cointelegraph.com/news/bitcoin-wholecoiners-reach-one-million

US Justice Department Promises Crackdown on Digital Platforms

Eun Young Choi, the director of the U.S. Justice Department’s (DOJ) national cryptocurrency enforcement team, has reportedly stated that the agency is increasing its scrutiny of digital platforms for any illicit behaviour due to the “significant” growth of crypto crime in the past four years. Specifically, the DOJ is targeting crypto exchanges along with the “mixers and tumblers” that obscure the trail of transactions.

https://www.ft.com/content/5aac457e-cc80-44ae-ac40-9b51d9b601a3

Zimbabwe Sells Millions of Gold-Backed Crypto Tokens Despite IMF Warning

The Reserve Bank of Zimbabwe has reportedly sold 14 billion Zimbabwean dollars’ ($39 Million) worth of gold-backed digital tokens against the International Monetary Fund’s warning. The central bank of Zimbabwe reportedly received 135 applications for the crypto tokens which are backed by 139.57 kilograms of gold.

https://cointelegraph.com/news/zimbabwe-sells-gold-backed-crypto-tokens
10.3K views07:58
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2023-05-15 10:21:34
Rally Report

LITECOIN

The price of LTC has rallied by 7% in the past 24 hours.

WHY?!

The number of active addresses on the Litecoin network has risen significantly recently. This is likely due to the recent introduction of the experimental LTC-20 token standard on the network. The popularity of the similarly positioned BRC-20 standard has led investors to be bullish on the LTC-20 standard of the network.

The upcoming halving event on Litecoin is another bullish factor.

If you want to buy or trade LTC, we have an exclusive trading fee discount of up to 60% on Kucoin

https://www.coinbureau.com/deals/trading/kucoin/
10.8K views07:21
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2023-05-14 15:46:53

14.5K views12:46
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2023-05-14 15:46:48 Hey Guys,

Have you been looking for the next crypto that will 100x?

Well, this video is for you. It breaks down what we believe are the top 10 crypto categories to watch during the next bull run. Many of these cryptos continue to make lower lows – it’s a once in a lifetime opportunity.

I don’t want to give away too much here, so all I will say is that you should be aware of the macro environment when deciding which cryptos to choose. Higher interest rates means less money for speculation and more focus on fundamentals like fee revenue.

I’ll also note that the performance of most of these crypto categories depends on regulations. The good news is that lots of countries are in the process of passing reasonable crypto regulations. The bad news is that the US and its allies are not, but that’s a topic for later.

Enjoy!
14.3K views12:46
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2023-05-14 14:54:50 COIN BUREAU NEWSFLASH! – (14/05/23)
Here are some of today’s most important headlines:

Jump Trading Faces Lawsuit Over Alleged $1.3B Profit from TerraUSD

According to court documents from May 9, a lawsuit accusing Jump Trading and its CEO, Kanav Kariya of market manipulation involving the failed algorithmic stablecoin TerraUSD (UST) in 2021 has been filed in an Illinois district court.

Specifically, the lawsuit accuses them of violating the Commodity Exchange Act, Commodity Futures Trading Commission (CFTC) regulations, and of common law unjust enrichment. The lawsuit claims Jump Trading signed several agreements with Terraform Labs and its affiliates to “provide market-making services for transactions in LUNA, UST and aUST.” These agreements also reportedly granted Jump Trading the “opportunity to purchase LUNA tokens at a steep discount, which could then be resold into the market to further Jump’s own profit.”

https://cointelegraph.com/news/jump-trading-faces-lawsuit-over-alleged-1-3b-profit-from-terrausd

‘Ancient’ Bitcoin Changes Wallets After 12 Years Dormant

Another dormant Bitcoin wallet has woken up after 12 years. The wallet, which reportedly purchased 139 Bitcoin for a bit over $2,250 dollars in June 2011, has transferred the BTC into a newly created Segwit address. The coins are now worth a staggering $3.5 million at current prices.

https://decrypt.co/140058/ancient-bitcoin-changes-wallets-after-12-years-dormant

‘Significant Risk’ Of US Treasury Running ‘Out of Funds’ Soon: Report

According to a recent report published by the U.S. Congressional Budget Office (CBO), the United States government is currently facing a “significant risk” of no longer being able to meet all of its financial obligations by as early as June. The report states that this is due to the U.S. government hitting its statutory debt limit of $31.4 trillion on Jan 19.

It stated,

“CBO projects that if the debt limit remains unchanged, there is a significant risk that at some point in the first two weeks of June, the government will no longer be able to pay all of its obligations.”

https://cointelegraph.com/news/significant-risk-us-treasury-funds-report

OpenAI’s Sam Altman Nears $100M Funding for Worldcoin Crypto Project

OpenAI CEO Sam Altman is reportedly in advanced talks to raise close to $100M in funding for his Worldcoin cryptocurrency project that is prepared to launch in the next few weeks. Altman is reportedly raising funds from both existing and new investors. Some of Worldcoin’s previous investors include Khosla Ventures, Andreessen Horowitz’s crypto fund, FTX founder Sam Bankman-Fried and internet entrepreneur Reid Hoffman.

https://www.ft.com/content/f1de2aee-ee13-45e1-bd61-0a269cd650d3
13.8K views11:54
Open / Comment
2023-05-13 17:02:32 Hey Guys,

Have you heard about the latest Solana killer? I am of course talking about Sui, the descendant of Facebook’s failed Diem crypto project which recently launched its main net. Like Aptos, Sui received a lot of funding, and appears to have a lot of potential.

What makes Sui unique is its consensus mechanism. Only simple transactions are processed via consensus, and novel technologies make it possible to order the complex pending transactions correctly. Sui is also super fast- 300k TPS is apparently possible.

To be clear, I don’t hold Sui as part of my portfolio, but I do think it’s a project to keep your eyes on. Like all crypto projects, it has its fair share of challenges and I do have my concerns, but this could be one of the top performing cryptos during the next bull market.

Enjoy!



16.5K views14:02
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2023-05-13 14:58:50 COIN BUREAU NEWSFLASH! – (13/05/23)
Here are some of today’s most important headlines:

Bakkt Delists Majority of Tokens from Recently Acquired Apex Crypto Platform

Digital asset firm Bakkt has reportedly delisted 25 of the 36 crypto tokens listed on its recently acquired trading platform Apex Crypto. The de-listed tokens are AAVE, AVAX, BNT, BAT, LINK, CHZ, COMP, ATOM, CRV, ENJ, FTM, FIL, GALA, GRT, ICP, LRC, MKR, REN, XLM, SUSHI, SNX, XTZ and UNI.

Explaining the move, Bakkt stated,

“Following the closing of our acquisition of Apex Crypto and as part of our regular coin listing review process, we have made the decision to delist a number of coins on the platform. Our clients’ and their consumers’ best interests are our core commitment, and our review process ensures those interests are best served when we contemplate the most up-to-date regulatory guidance and the latest industry developments.”

https://cointelegraph.com/news/bakkt-delists-majority-of-tokens-from-recently-acquired-apex-crypto-platform

Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar

According to a notice to creditors published by accounting giant EY, creditors of the bankrupt Canadian crypto exchange QuadrigaCX will receive 13% of their total claims as part of an “interim dividend.” EY stated that creditors with BTC claims will get CAD $6,739.08 per BTC and those with ETH claims will get CAD $223.45 ($299.45) per ether. The value of the crypto held by the creditors on the exchange will be pegged at April 15, 2019 market prices.

https://www.coindesk.com/business/2023/05/12/quadriga-cx-bankruptcy-claimants-to-get-13-on-the-dollar

Binance Calls It Quits in Canada, Blames New Rules

Yesterday, crypto exchange Binance announced that it will be “proactively” withdrawing from the Canadian market due to the new guidance issued by Canadian regulators. It stated that the new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canada market “no longer tenable.” Specifically, the new guidance defines stablecoins as a security prohibits firms "from permitting Canadian clients to enter into crypto contracts to buy and sell any crypto asset that is itself a security and/or a derivative.”

https://cointelegraph.com/news/binance-calls-it-quits-in-canada-blames-new-rules

Fractional NFT Project Tessera to Shut Down Amid Challenging Crypto Market

Paradigm-backed fractional NFT project Tessera is reportedly winding down its operations over the next few weeks. Tessera co-founder Andy Chorlian explained the decision by stating that its financial situation and economic model would make it hard to become profitable.

Chorlian tweeted,

“We spent a long time carefully analysing possible market scenarios, our company structure, and our financial situation, and decided that this was the best choice for our team and investors. As we really dug into the economic model for Escher, we saw that the targets we needed to hit to attain profitability – compared to the time and resource costs to scale there –just didn’t add up or make good business sense."

https://www.theblock.co/post/230623/fractional-nft-project-tessera

Florida Governor Ron DeSantis Bans CBDCs in the State

According to reports, Florida Governor Ron DeSantis signed a bill restricting the use of central bank digital currencies (CBDCs) in the state on Friday. The new law prohibits the use of CBDCs issued by the U.S. and other foreign governments “as money within Florida’s Uniform Commercial Code (UCC).” Governor DeSantis has called on other states to use their commercial codes to institute similar prohibitions.

Governor DeSantis stated,

"Anyone with their eyes open could see the danger this type of an arrangement would mean for Americans who want to exercise their financial independence and would like to be able to conduct business without having the government know every single transaction they're making in real time."

https://decrypt.co/139919/florida-governor-ron-desantis-bans-cbdcs
15.9K views11:58
Open / Comment
2023-05-13 12:07:43
Rally Report

PEPE

The price of PEPE has rallied by 34% in the past 24 hours.

WHY?!

Honestly? We don’t know. But here’s what happened in the last 24 hours.

PEPE memes have been trending on all social channels. We believe this is mostly due to a heated Twitter Spaces discussion hosted by Twitter user Mario Nawfal. The discussion saw Twitter user Pauly0x present a case for the PEPE coin in an argument against Bitcoin maxis.

The trending socials could also be attributed to the recent Coinbase PEPE controversy that saw Coinbase’s Chief Legal Officer Paul Grewal apologise for the company newsletter’s controversial coverage of the coin.

Crypto exchange Gemini also recently listed the PEPE coin and announced a 1B PEPE giveaway.

If you want to buy or trade PEPE, we have an exclusive $40K Bonus & a 20% trading fee discount for life on Bitget!

https://www.coinbureau.com/deals/trading/bitget-crypto-exchange/
16.1K views09:07
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