Coin Bureau Insider

2022-10-05 11:35:57 The funds will reportedly be used to further push Sequence, as well as continue to enhance and grow Skyweaver. It will also soon launch Niftyswap, a decentralised marketplace focused on Ethereum and Polygon ERC-1155 NFTs.

https://decrypt.co/111215/ubisoft-take-two-ethereum-nft-game-maker-horizon Open / Comment

2022-10-05 11:35:57 COIN BUREAU NEWSFLASH! – (05/10/22)
Here are some of today’s most important headlines:

Anchorage Digital Makes Push into Asia with Five New Partnerships

As a part of its push into Asia, institutional crypto custody platform Anchorage Digital has partnered with five new Asia-based institutions. The new partners are crypto exchange Bitkub, asset management firm Dream Trade, blockchain investment firm FBG Capital, venture firm IOSG Ventures and digital assets financial services provider Antalpha. These five new partnerships are in addition to its previous partnership with the GMO-Z.com Trust Company, a provider of internet infrastructure.

https://www.theblock.co/post/174619/anchorage-makes-push-into-asia-with-five-new-partnerships

Three Arrows-Backed 'Starry Night' NFT Collection Moved to Gnosis Safe

According to a tweet from crypto analytics firm Nansen, over 300 NFTs belonging to Starry Night Capital, a fund established in 2021 by Three Arrows Capital and pseudonymous collector Vincent Van Dough, are being moved to smart contract wallet Gnosis Safe.

Thus far, the NFTs which have been moved include Rare Pepe, Fidenza, CrypToadz, works from creator XCOPY, and Pudgy Penguins. The new address to which these NFTs were moved is now worth 625 ETH, or over $839,000.

https://www.coindesk.com/web3/2022/10/04/three-arrows-backed-starry-night-nft-collection-moved-to-gnosis-safe/

Celsius Co-Founder and Chief Strategy Officer Daniel Leon Has Resigned from Crypto Lender

Bankrupt crypto lender Celsius has confirmed that cofounder and Chief Strategy officer Daniel Leon has resigned from his position at Celsius and is no longer part of the organisation. His resignation follows that of former CEO Alex Mashinsky last week. This is the latest in a series of crypto resignations and management restructuring that seems to be occurring across the space.

https://www.bloomberg.com/news/articles/2022-10-04/celsius-says-co-founder-daniel-leon-resigned-from-crypto-lender

Elon Musk Renews Bid for Twitter as He Looks to Avoid Trial

According to recent filings, Elon Musk has offered to move forward with the deal to buy Twitter Inc. at the originally agreed upon price of $44 billion, or $54.20 per share. However, this is subject to a ‘stay’ being granted on the pending case between the parties before the Delaware Chancery Court.

A letter sent by Musk's lawyers to Twitter’s lawyers reads,

"The Musk parties provide this notice without admission of liability and without waiver of or prejudice to any of their rights, including their right to assert the defences and counterclaims pending in the action.”

https://www.theblock.co/post/174828/musk-renews-bid-for-twitter-as-he-looks-to-avoid-trial

European Parliament Members Vote in Favour Of Crypto And Blockchain Tax Policies

The European Parliament has reportedly voted in favour of a non-binding resolution that aims to use blockchain technology to combat tax evasion and coordinate tax policies on cryptocurrencies. The resolution was drafted by member Lídia Pereira and has received votes in favour from 566 out of 705 members.

The resolution proposed that national tax administrations embrace blockchain technology "to facilitate effective tax collection" and that authorities in its 27 member states take into account a "simplified tax approach" for cryptocurrency users who engage in infrequent or small transactions.

https://cointelegraph.com/news/european-parliament-members-vote-in-favor-of-crypto-and-blockchain-tax-policies

Blockchain Game Developer Horizon Raises $40M in Series A Funding Round

According to an announcement, Horizon, the developer behind the NFT trading card game Skyweaver, has raised $40 million in a Series A funding round. The round was led by Brevan Howard Digital and Morgan Creek Digital. It also saw participation from investors such as Polygon, Bitkraft, Everyrealm, Xsolla, Initialized Capital, Ubisoft Entertainment SA and Take-Two Interactive Software among others. Open / Comment

2022-10-04 17:38:02

Open / Comment

2022-10-04 17:37:55 Hey Guys,

Last week was one of the most tumultuous weeks in the UK's recent history. That came in the wake of the new UK Chancellor's budget speech which saw the financial markets completely dump the pound. It fell to near all-time lows against the dollar.

However, it was what happened in the UK gilt market that had most people concerned. That's because the selloff in these assets was causing severe credit issues for several investors who employed LDI strategies. The largest group of investors who did this were pension funds and these collateral calls were leading to a self-fulfilling cycle of crashing gilt prices and further margin calls.

This got so bad that the Bank of England had to take the extraordinary step of pumping £65 billion into the market to help alleviate the credit squeeze.

However, this came at a time when the UK is going through some of its worst inflation in decades - something that is only going to get worse with the falling pound.

This all means that interest rates are going to have to be raised even more aggressively in the coming months. However, can the UK economy handle that? What about the impact that this is likely to have on people's mortgages?

This is all covered in my video today.

Enjoy! Open / Comment

2022-10-04 13:35:19 NFT artist Mike “Beeple” Winkelmann issued a warning today stating that the URL link to his official Discord server was “hacked.” He stated that fans and followers who clicked the link were redirected toward a fake copycat server that could swipe the NFTs and tokens from users that interact with it.

This is the latest in a series of crypto scams involving discord. Winkelmann ended his tweet by stating, “Once again, massive thanks again to Discord for being garbage.” Just a few months back BAYC creator Gordon Goner also tweeted that Discord was not working for Web3 communities and called for a better platform to be built.

https://decrypt.co/111122/nft-artist-beeple-discord-hack-wallet-drainer

Mastercard Launches New Crypto Fraud Protection Tool

According to a report from CNBC, financial service provider Mastercard is launching a new software solution called “Crypto Secure” to assist banks and card issuers in combating crypto-related fraud.

Crypto Secure will reportedly evaluate the risk associated with crypto exchanges on the Mastercard network using artificial intelligence algorithms that rely on on-chain data powered by CipherTrace, a blockchain security startup that Mastercard recently acquired.

https://www.cnbc.com/2022/10/04/mastercard-deepens-crypto-push-with-tool-for-preventing-fraud.html Open / Comment

2022-10-04 13:35:18 COIN BUREAU NEWSFLASH! – (04/10/22)
Here are some of today’s most important headlines:

Kim Kardashian to Pay SEC $1.26 Million to Settle EthereumMax Charge

Reality TV star Kim Kardashian has reportedly agreed to pay $1.26 million in penalties to the U.S. Securities and Exchange Commission (SEC) for her involvement in the promotion of a cryptocurrency scheme called EthereumMax (EMAX).

The SEC had filed a case against Kardashian for failing to disclose that she was paid to promote the EthereumMax crypto scheme. She had reportedly received a payment of $250,000 for publishing a post to her Instagram account about EMAX tokens, which included a link to the EtheruemMax website, with instructions on how to buy EMAX.

SEC Chairman Gary Gensler tweeted,

“This case is a reminder that, when celebrities/influencers endorse investment opportunities, including crypto-asset securities, it doesn’t mean those investment products are right for all investors [….] You have to disclose not only that you’re getting paid, but the amount, nature of it. This was really to protect the investing public when someone is touting a stock, whether that is a celebrity, an influencer or the like.”

https://www.wsj.com/articles/kim-kardashian-paying-1-26-million-to-settle-sec-investigation-into-role-in-crypto-deal-11664798793

Wall Street-Backed Bitcoin Firm NYDIG Replaces CEO, President

According to an announcement from Bitcoin investment firm NYDIG, company executives Tejas Shah and Nate Conrad are being promoted to replace current CEO Robert Gutmann and President Yan Zhao respectively.

Shah and Conrad are both former employees of Goldman Sachs Group Inc. and most recently served as NYDIG's global heads of institutional finance and payments, respectively. According to the company, they will now concentrate on expanding the operations that cater to North American miners and payment partners.

https://www.bloomberg.com/news/articles/2022-10-03/wall-street-backed-bitcoin-firm-nydig-replaces-ceo-president

Binance Signs MoU with Kazakhstan and Plans Regional Hub

Crypto exchange giant Binance has reportedly signed a memorandum of understanding (MoU) with Kazakhstan’s Financial Monitoring Agency to formalise their shared interest in developing the digital asset market in the country.

The MoU expresses a commitment to working together to promote the circulation of digital assets and data while reducing its use in illegal trading. The developments in Kazakhstan are a part of Binance's larger international law enforcement training program to connect national and international financial agencies in the fight against cyber and financial crimes globally.

https://www.theblock.co/post/174399/binance-signs-agreement-with-kazakhstan-and-plans-regional-hub

Ethereum Subreddit Sparks Discussion on Staking Difficulty

According to this report, an Ethereum subreddit has sparked discussions on the complexity of staking operations on Ethereum.

Some members of the community complained of the staking process being too difficult, with one user stating that it took them an entire weekend just to get things up and running. They added that it was not suitable for “regular people” and for those with “unforgiving” schedules.

They stated,

“The Ethereum community likes to sugarcoat usability but it’s healthier to just admit: this is not for everyone yet.”

However, another user quickly pointed out that things will likely become more user-friendly as time goes on. They also argued that staking is not intended to be an easy thing that everyone can do.

They stated,

“People keep treating staking as getting free cash when it isn’t. You are effectively being paid to do a job and this takes a certain amount of knowledge and effort.”

https://cointelegraph.com/news/ether-staking-is-too-difficult-community-members-claim

NFT Artist Beeple Warns Discord Members of Wallet Drainer Exploit Open / Comment

2022-10-03 17:43:22

Open / Comment

2022-09-28 17:23:39

Open / Comment

2022-09-28 17:23:33 Hey Guys,

Last year, we did a video about what could be coming for the global economy. In that video, we referred to a report that was written by BlackRock way back in 2019.

What's crazy is just how well this report has predicted what has happened over the past 2 years. It predicted the fiscal and monetary policy we saw during the pandemic before it happened.

Given that Blackrock is the world's largest asset manager, this report is something that needs to be covered. And so, I decided to summarise it for your entertainment!

Here's the kicker: this report seems to provide a few hints about what might be coming next for the global economy. I'm not saying that Blackrock is behind all the events that happened, but given the influence this asset manager has, it's not impossible.

Let's leave it at that.

Enjoy! Open / Comment

2022-09-28 14:06:41 https://www.coindesk.com/business/2022/09/27/robinhood-releases-beta-version-of-web3-wallet-to-10000-users/

Hacktivist Group ‘Anonymous’ Makes Numerous Allegations Against Yuga Labs and its BAYC NFT Collection

In a YouTube video released yesterday, internet hacktivist group Anonymous made a series of allegations regarding Yuga Lab’s alleged use of esoteric symbolism in the art for its Bored Ape Yacht Club NFT collection. Anonymous believes the BAYC artwork features the company's support for numerous controversial subjects, such as Nazism, racism, simianisation and pedophilia.

The statement from the group reads,

“Anonymous is certain that the BAYC collection and the Yuga labs brand are infected with not one or two — but with dozens of examples of esoteric symbolism and dog whistles reflecting Nazism, Racism, Siminisation, and Pedophilic support…. Don’t your founders owe you more than this? Many outside the BAYC community continue to whisper how you’ve been deceived in a way that is both unprecedented and unforgivable.”

The group called on existing BAYC holders including its more high-profile holders to speak up and take an official stance on the allegations.

https://cointelegraph.com/news/anonymous-makes-numerous-allegations-against-yuga-labs-and-its-bored-ape-yacht-club

Microsoft’s M12 Leads Space and Time’s $20 Million Raise To Bring SQL To Web3

Web3 data warehouse firm “Space and Time” has reportedly raised $20 million in a strategic funding round. The round was led by Microsoft’s M12 fund and saw participation from Avalanche, Framework Ventures, Polygon, Coin DCX, Hash Capital, Foresight Ventures, SevenX Ventures, Stratos, Hash CIB, and others.

The platform aims to enable companies to do enterprise-scale analytics and make fast transactions by combining on-chain and off-chain data in a single trustless environment. Nate Holiday, CEO and co-founder of Space and Time, stated,

“We are productising Proof of SQL and the reason we're doing it is because the vast majority of the world today may not understand the value of a decentralised network. And they may say, ‘It's okay, if my data is being processed in a central environment, as long as in a sense, my query results can be tamper proof.’”

https://www.theblock.co/post/172780/microsofts-m12-leads-space-and-times-20-million-raise-to-bring-sql-to-web3 Open / Comment