Crypto Never Sleeps Broad

2023-02-09 20:39:04

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2023-02-09 13:32:55 THE LATEST CRYPTO NEWS FROM CNS

Crypto exchange Kraken faces probe over possible securities violations

Cryptocurrency exchange Kraken is reportedly being probed by the United States Securities and Exchange Commission over whether it breached rules around the offering of securities.

According to a Feb. 8 Bloomberg report, the probe relates to certain offerings that Kraken has made to U.S. clients. A person with knowledge of the matter said the probe is at an advanced stage and could reach a settlement in the coming days.

However, at this stage, it is not clear which offerings are being scrutinized by the securities regulator.

https://cointelegraph.com/news/crypto-exchange-kraken-faces-probe-over-possible-securities-violations-report


Robinhood board gives nod to buy Sam Bankman-Fried’s $578M stake

Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company that was bought by former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang last year.

Robinhood confirmed in its fourth-quarter report, published Feb. 8, that it had received board approval to buy back the stake.

“Our Board authorized us to pursue purchasing most or all of our shares that Emergent Fidelity Technologies bought in May 2022,"

https://cointelegraph.com/news/robinhood-board-gives-nod-to-buy-sam-bankman-fried-s-578m-stake


Cloud mining firm BitFuFu postpones merger with SPAC until May

Cloud mining firm Bitfufu, one of Bitmain’s crypto firms, is delaying for the second time its plans to go public via a special-purpose acquisition company (SPAC), according to a Feb. 7 statement.

The company announced its plans to go public in January 2022 through a merger with the SPAC company Arisz Acquisition Corp, anticipating to be publicly listed in the third quarter of that year and a pro forma enterprise value of nearly $1.5 billion. The new decision postpones the public listing to May, helping the companies to consummate the business combination.

https://cointelegraph.com/news/cloud-mining-firm-bitfufu-postpones-merger-with-spac-until-may


Fujitsu launches Web3 acceleration platform for startups and partner companies

Japanese multinational tech company Fujitsu has announced the launch of a new platform designed to support Web3 developers worldwide.

According to a report by the Fintech Times, Fujitsu’s Web3 Acceleration Platform seeks to provide a development environment, blockchain-based service APIs, high-computing technologies, simulations, AI, combinatorial optimization, for start-ups, partner companies, and universities building Web3 applications and services.

https://cointelegraph.com/news/fujitsu-launches-web3-acceleration-platform-for-startups-and-partner-companies


India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50K users

The Indian government doesn’t want to rush its central bank digital currency (CBDC) pilot despite joining the CBDC race just a few months ago.

India’s recently launched CBDC pilot has amassed 50,000 users and 5,000 merchants since the Reserve Bank of India (RBI) launched the digital rupee pilot last year, local news agency The Economic Times reported on Feb. 8.

Announcing the first public milestones of India’s digital currency at a policy press conference, RBI deputy governor Rabi Sankar stressed that the government plans to proceed with CBDC testing in the smoothest way possible.

https://cointelegraph.com/news/india-in-no-hurry-for-cbdc-as-digital-rupee-pilot-onboards-50k-users Open / Comment

2023-02-08 23:56:35

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2023-02-08 20:04:56 https://youtube.com/live/12KCf3s29jc Open / Comment

2023-02-08 20:04:35 https://kingsumo.com/g/doaf4r/weekly-altcoin-giveaway-1-winner-x-50-binance-usd-coins-busd-tokens-to-lovely-lucky-people Open / Comment

2023-02-08 14:07:07 THE LATEST CRYPTO NEWS FROM CNS

NYU to launch Web3 learning workshop in partnership with Near Protocol

Education is a well-known barrier to entry for many when it comes to crypto and Web3 space. This is particularly true when understanding the underlying technology that powers these innovations.

Joining in on the effort to spread crypto awareness, on Feb. 8, the New York University School of Professional Studies (NYU SPS) — one of the schools that compose New York University — announced a partnership with the Near Foundation to introduce a new “Web3 Learning Workshop” for students and faculty, along with partners in the industry.

https://cointelegraph.com/news/nyu-to-launch-web3-learning-workshop-in-partnership-with-near-protocol


Algorand to drive Web3 adoption in India through key partnerships

Algorand Foundation announced several partnerships in India, including collaborations with schools to develop educational programs to help grow Web3 in the country.

In an announcement sent to Cointelegraph, the Algorand team said it partnered with Jawaharlal Nehru Technological University Hyderabad and the Indian School of Business to launch educational programs. This includes programs for faculty development and student developer training. Additionally, the firm will host a master class for businesses looking to dive into the Web3 space.

https://cointelegraph.com/news/algorand-to-drive-web3-adoption-in-india-through-key-partnerships


BIS to launch stablecoin monitoring project and up focus on CBDC experiments

The Bank for International Settlements (BIS) will heighten focus on experimenting with central bank digital currencies (CBDCs) this year via its research and development arm and will also launch a new project to monitor stablecoins.

On Feb. 7, the Switzerland-based so-called “bank for central banks” announced its Innovation Hub will “increase its focus” on CBDCs in 2023 to improve payment systems.

https://cointelegraph.com/news/bis-to-launch-stablecoin-monitoring-project-and-up-focus-on-cbdc-experiments


Laotian CBDC proof-of-concept project to launch using system pioneered in Cambodia

Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems Department on the launch of a proof-of-concept project for a Laotian central bank digital currency (CBDC). Under the agreement, a digital form of the Lao kip, called the DLak, would launch Feb. 7.

According to an explanatory video, the central bank would provide DLak to commercial banks in exchange for fiat currency, and the user would exchange fiat for DLak from the commercial bank. The user would then make purchases from participating sellers using a QR code and an app.

https://cointelegraph.com/news/laotian-cbdc-proof-of-concept-project-to-launch-using-system-pioneered-in-cambodia


US Democrats want more info on agencies’ crypto mining data collection

United States Environmental Protection Agency Administrator Michael Regan and Energy Secretary Jennifer Granholm were the recipients Feb. 6 of another letter on the environmental impact of cryptocurrency mining. Eight Democratic lawmakers headed by Elizabeth Warren reached out to the officials this time.

The eight lawmakers acknowledged previous replies to official correspondence asking about the agencies’ information-gathering authority as it relates to energy used in crypto mining. Now they have followed up with a series of questions on practical matter relating to information gathering and the use of the information they receive.

https://cointelegraph.com/news/lawmakers-write-to-us-officials-about-crypto-energy-usage-information-gathering Open / Comment

2023-02-04 13:32:51

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2023-02-04 02:12:39 This is a warning that should have happened a long time ago!!! If MrAntwon133 ever sends you a link… for god sake dont download it. Delete him is my advice! Open / Comment

2023-02-03 15:14:04

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2023-02-03 13:40:46 THE LATEST CRYPTO NEWS FROM CNS

Indonesia targets launch of its national crypto exchange by June

Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year, six months after its previous target of December 2022.

Trade Minister Zulkifli Hasan shared the new target launch date on Feb. 2 at the opening of Crypto Literacy Month in Jakarta, noting that the government is currently reviewing which companies meet their criteria to become part of the exchange, according to local reports.

https://cointelegraph.com/news/indonesia-targets-launch-of-its-national-crypto-exchange-by-june


Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio

Billionaire investor Ray Dalio has described fiat currency as being in serious “jeopardy” as an effective store of wealth but doesn’t believe Bitcoin and stablecoins will be the solution either.

The founder of hedge fund firm Bridgewater Associates explained on CNBC’s Squawk Box on Feb. 2 that the mass money printing of the United States dollar and other reserve currencies has him questioning whether they are forms of “effective money.”

https://cointelegraph.com/news/fiat-is-in-jeopardy-but-bitcoin-stablecoins-aren-t-the-answer-either-ray-dalio


Euro stablecoin launched in Finland, claims to be first approved in the EU

Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.”

https://cointelegraph.com/news/euro-stablecoin-launched-in-finland-claims-to-be-first-approved-in-the-eu


Alameda Research wallet receives $13M from Bitfinex, other sources

Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, data from blockchain security firm PeckShield revealed on Feb. 2.

The address received $6 million in Tether and $2.5 million in Ether from the hot wallet of crypto exchange Bitfinex, along with $4.5 million worth of USD Coin from an anonymous source and 30,000 Lido tokens worth roughly $65,500.

https://cointelegraph.com/news/alameda-research-wallet-receives-13m-from-bitfinex-other-sources


Japanese prime minister says DAOs and NFTs help support government’s ‘Cool Japan’ strategy

Fumio Kishida, the prime minister of Japan, has come out in support of blockchain as a potential solution for technological issues facing the country.

In response to questionsfrom Liberal Democratic Party member Masaaki Taira before the Budget Committee of Japan’s House of Representatives on Feb. 1, Kishida said there were “various possibilities for using Web3” in Japan. He added that the Japanese government could use aspects including nonfungible tokens (NFTs) and decentralized autonomous organizations (DAOs) in efforts to revitalize regions and promote “Cool Japan” — a national strategy aimed at showing off the country’s innovations and culture to the rest of the world.

https://cointelegraph.com/news/japanese-prime-minister-says-daos-and-nfts-help-support-government-s-cool-japan-strategy


Chinese Communist Party officials issue KPIs for e-CNY transactions in Suzhou

Senior Communist Party officials in the Chinese city of Suzhou have reportedly set an ambitious new target for use of the country’s central bank digital currency, the digital yuan or e-CNY.

According to local news outlet JS China, party officials on Feb. 1 set a tentative key performance indicator (KPI) of 2 trillion CNY ($300 billion) for e-CNY CBDC transactions in the city by the end of 2023.

https://cointelegraph.com/news/chinese-communist-party-officials-issue-kpis-for-e-cny-transactions-in-suzhou Open / Comment