Crypto Never Sleeps Broad

2023-03-26 15:40:03

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2023-03-23 13:45:04 THE LATEST CRYPTO NEWS FROM CNS

Aussie crypto exchange hints interest in Hong Kong base

Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong as the city continues its efforts to become a cryptocurrency hub.

Set to take effect in June, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing regime for cryptocurrency exchanges on Feb. 20 in line with its ambitions to become Asia's next crypto hub.

https://cointelegraph.com/news/aussie-crypto-exchange-hints-interest-in-hong-kong-base-but-it-ll-depend


FTX seeks to claw back $460M from Bankman-Fried-backed VC firm

Bankrupt crypto exchange FTX is seeking to recover $460 million of allegedly misappropriated customer funds from venture capital firm Modulo Capital, which received a sizeable investment from Alameda Research last year.

As previously reported, Alameda Research — FTX’s sister trading firm — was understood to have invested around $400 million in Modulo in 2022, in one of the biggest investments undertaken by FTX under SamBankman-Fried’s leadership.

In a March 22 filing, FTX claimed the investment from Alameda Research was at the direction of Bankman-Fried, with Alameda investing $475 million in Modulo in a series of transfers beginning in May 2022.

https://cointelegraph.com/news/ftx-seeks-to-claw-back-460m-from-bankman-fried-backed-vc-firm


eToro raises $250M after terminating SPAC deal

Trading platform eToro has secured $250 million in funding at a $3.5 billion valuation, the company announced on March 21. The Israel-based firm raised capital for the first time since 2018 after failing to go public last year through a special purpose acquisition company (SPAC) merger.

Participants in the round include ION Group, SoftBank Vision Fund 2, Velvet Sea Ventures and some existing investors.

According to eToro, the funding stems from an Advance Investment Agreement (AIA) entered in early 2021 as part of its proposed SPAC transaction. The AIA is a legal agreement between an investor and a company under which the investor commits to investing in a company in the future.

https://cointelegraph.com/news/etoro-raises-250m-after-terminating-spac-deal


Deloitte dives into immersive experiences as more industries turn to Web3

Immersive experiences are already popular in the entertainment, gaming and fashion industries, but they can also be a tool to address various other corporate needs, like simulating manufacturing operations and training managers to have sensitive conversations.

Deloitte made this bet in late February when it announced a partnership with virtual spaces company Vatom to offer immersive experiences for various industries, from companies seeking to boost culture with virtual reality to brands focused on building community engagement. Together, the companies claim to deliver the ability to host thousands of people simultaneously in the same virtual space at the same time, along with a cross-chain wallet and access to a collection of digital assets and tokens of their metaverse experiences.

https://cointelegraph.com/news/deloitte-dives-into-immersive-experiences-as-more-industries-turn-to-web3 Open / Comment

2023-03-23 00:56:32 DO NOT MISS OUT !!!

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2023-03-22 14:43:30 THE LATEST CRYPTO NEWS FROM CNS

Nigeria CBDC adoption spikes as fiat currency shortage grip the nation

Nearly 18 months after launching its in-house central bank digital currency (CBDC), the eNaira, Nigeria is seeing increased adoption in the CBDC as national fiat reserves face severe shortages.

The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation. While developing nations were among the first to acknowledge the importance of a CBDC in revamping fiat capabilities, the idea is yet to materialize.

However, the lack of physical cash forced Nigerians to use the eNaira. In a country where cash accounts for about 90% of transactions, the value of eNaira transactions increased 63% to 22 billion nairas ($47.7 million), revealed a Bloomberg report.

https://cointelegraph.com/news/nigeria-cbdc-adoption-spikes-as-fiat-currency-shortage-grip-the-nation


US Senator Ted Cruz tries again with new bill to block CBDC

Republican Senator Ted Cruz has introduced a bill to block the United States Federal Reserve from launching a “direct-to-consumer” central bank digital currency.

In a March 21 statement, Cruz said he introduced the bill to prevent the Fed from developing a retail CBDC, “which could be used as a financial surveillance tool by the federal government.”

Cruz stated it’s “more important than ever” to ensure U.S. policy on digital currencies protects “financial privacy, maintains the dollar’s dominance and cultivates innovation,"

https://cointelegraph.com/news/us-senator-ted-cruz-tries-again-with-new-bill-to-block-cbdc


Magic Eden launches marketplace for Bitcoin Ordinals

Nonfungible token marketplace Magic Eden has launched its own “fully audited” marketplace for Bitcoin Ordinals, leveraging the surging interest in “Bitcoin NFTs.”

The newly launched marketplace allows Bitcoin NFT traders to buy and sell Bitcoin Ordinal collections, giving users a similar experience to the one that Magic Eden offers for Polygon, Ethereum and Solana-based NFTs.

https://cointelegraph.com/news/magic-eden-launches-marketplace-for-bitcoin-ordinals


CCP Games secures $40M funding for upcoming Web3 game

Independent game developer CCP Games, known for its multiplayer online game Eve Online, has announced that it has secured $40 million in financing from external partners to develop a new AAA title set in the Eve universe.

https://cointelegraph.com/news/ccp-games-secures-40m-funding-for-upcoming-web3-game Open / Comment

2023-03-22 01:44:16 https://www.youtube.com/live/MLhuKtuOKZg?feature=share Open / Comment

2023-03-21 14:32:27 THE LATEST CRYPTO NEWS FROM CNS

MetaMask enables direct crypto purchases in Nigeria

Self-custody cryptocurrency purchases are becoming more accessible in Nigeria as major crypto wallet MetaMask expands direct on-ramps with local banks.

On March 21, MetaMask’s parent firm ConsenSys announced a new integration with crypto fintech MoonPay, enabling users in Nigeria to purchase crypto via instant bank transfers.

The new feature is available within the MetaMask mobile and Portfolio DApp, significantly simplifying the process of buying crypto without using credit or debit cards in Nigeria.

https://cointelegraph.com/news/metamask-enables-direct-crypto-purchases-in-nigeria


Arbitrum token finds its way to OTC market before airdrop

The Arbitrum community is speculating and selling off their unreleased ARB tokens in over-the-counter (OTC) markets following the Arbitrum airdrop announcement.

The Arbitrum Foundation announced that ARB — Arbritrum’s new token — would be airdropped to eligible community members on Thursday, March 23. It explained that ARB marks Arbitrum’s official transition into a decentralized autonomous organization (DAO), meaning ARB holders can vote on key decisions governing Arbitrum One and Arbitrum Nova — networks that allow users to transact on the Ethereum blockchain with better speeds and lower fees.

OTC trading allows easy buying and selling of cryptocurrencies directly between sellers and buyers. The process is usually very fast, with funds being transferred directly from a bank account to the seller. In this case, when a price is agreed on by the buyer and seller, the seller receives payment from the buyer and then gives up the seed phrase linked to the eligible wallet.

https://cointelegraph.com/news/arbitrum-token-finds-its-way-to-otc-market-before-the-airdrop


SpankPay crypto payment service shutters, citing ‘hostile banking environment’

Ethereum-based adult entertainment platform SpankChain is shuttering its crypto payment processor, SpankPay, after losing its payment service provider Wyre in February and failing to find a new one.

In February, SpankPay revealed that its previous provider — crypto payment platform Wyre — had terminated its agreement to provide payment services to SpankPay, referring to “violations of any third-party payment processor or network rules.“

https://cointelegraph.com/news/spankpay-crypto-payment-service-shutters-citing-hostile-banking-environment


Mastercard to settle transactions for stablecoin wallet in APAC

Global payment provider Mastercard is launching a stablecoin digital wallet integration with the Australian stablecoin platform Stables.

Mastercard and Stables on March 20 announced a collaboration to allow retail customers in the Asia-Pacific (APAC) region to spend their stablecoins anywhere Mastercard is accepted.

The collaboration involves a stablecoin-only wallet built by Stables, coming with a payment card supported by Mastercard. The payment card enables users to save and spend the USD Coin
USDC stablecoin by converting the digital currency into fiat and settling on Mastercard’s network. The card will be accessible through the Stables digital application via mobile wallets.

https://cointelegraph.com/news/mastercard-to-settle-transactions-for-stablecoin-wallet-in-apac Open / Comment

2023-03-21 01:15:59 https://www.youtube.com/live/2CW0RC9uNi0?feature=share Open / Comment

2023-03-20 12:34:44 THE LATEST CRYPTO NEWS FROM CNS

Credit Suisse rescue plan may include nationalization, bondholder losses

A rescue plan for Swiss banking giant Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG, multiple reports revealed on March 19.

Swiss authorities are considering applying losses to Credit Suisse bondholders as part of the bank’s ongoing recovery efforts, Reuters learned from two sources. European regulators are concerned that the move might undermine investor confidence in Europe’s financial sector.

Another report from Bloomberg claims that the Swiss government is analyzing a full or partial nationalization of the bank, the only available alternative if the UBS takeover is not completed. Investment bank UBS is Switzerland’s largest bank.

https://cointelegraph.com/news/credit-suisse-rescue-plan-may-include-nationalization-bondholder-losses


DefiLlama forked as internal dispute unfolds

A dispute has taken place within the decentralized finance analytics dashboard DefiLlama, leading the platform to be forked by one of its employees over the weekend.

The dispute centers on the company’s plans to launch a token. On March 19, a pseudonymous developer at DefiLlama, 0xngmi, announced the firm’s team was forking the platform. 0xngmi said that DefiLlama was “undergoing a hostile takeover,” and accused DefiLlama’s founders of launching a token without employee support.

https://cointelegraph.com/news/defillama-forked-as-internal-dispute-unfolds


Fed, central banks enhance ‘swap lines’ to combat banking crisis

The United States Federal Reserve has announced a coordinated effort with five other central banks aimed at keeping the U.S. dollar flowing amid a series of banking blowups in the U.S. and in Europe.

The March 19 announcement from the Fed comes only a few hours after Swiss-based bank Credit Suisse was bought out by UBS for $3.25 billion as part of an emergency plan led by Swiss authorities to preserve the country’s financial stability.

According to the Federal Reserve Board, a plan to shore up liquidity conditions will be carried out through “swap lines” — an agreement between two central banks to exchange currencies.

https://cointelegraph.com/news/fed-central-banks-enhance-swap-lines-to-combat-banking-crisis


UBS Group agrees to $3.25B ‘emergency rescue’ of Credit Suisse

UBS Group has agreed to buy its ailing competitor Credit Suisse for $3.25 billion on March 19 as part of an “emergency ordinance” to prevent financial market instability.

An earlier report from the Financial Times claimed UBS had agreed to buy Credit Suisse for over $2 billion, citing a person familiar with the matter. However, a most recent statement from UBS has revealed that the total consideration for the deal is approximately 3 billion Swiss francs, or $3.25 billion. That’s still a deep discount to Credit Suisse’s March 17 market capitalization of 7.5 billion francs, or $8 billion.

https://cointelegraph.com/news/ubs-group-doubles-offer-and-acquires-credit-suisse-for-2b Open / Comment

2023-03-19 22:59:02

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2023-03-19 22:55:41 The last 2 winners has just been paid out

0xaCE407297967bc1b3699dA056F1F77131918e034

Andrea Di Bari

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