Crypto | Bitcoin | Blockchain

2023-04-29 05:13:02 FTX Japan Delays Resale To Restart Exchange

FTX Japan is said to be postponing a resale plan to launch its crypto exchange after reopening withdrawals for customers. FTX’s Japan branch plans to restart the Japanese exchange. Despite bidding interest, sales plans have been halted to maximize value. This seems possible because while most global companies associated with FTX were caught up in its debacle, only the Japanese branch was relatively unscathed and made it through a plan to reopen customer withdrawals. Besides reopening the exchange.

FTX Japan recently allowed customers to withdraw money and electronic assets starting from February 21 local time. On February 16, the exchange sent an email asking affected users to check their balances in preparation for the transfer of assets. CEO Melamed is confident of meeting the schedule and will announce the resumption of withdrawals after receiving sufficient data and related approvals for the balance transfer. FTX Japan was originally a Japanese Liquid cryptocurrency exchange, and acquired by FTX in 2022. Following the bankruptcy of FTX, the Japanese branch said that Japanese customer assets will not be involved in bankruptcy proceedings in the United States.

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2023-04-28 05:34:02 Kraken Asks Court To Deny IRS Request To Identify Its Crypto Customers

According to Bloomberg, in response to the Internal Revenue Service (IRS) requesting court approval in February to confirm the identity of Kraken crypto customers, the crypto exchange has applied to the federal court in San Francisco to refuse the request and has stated that it is investigating possible transactions. When discussions about reducing the scope of the government’s investigation broke down, Kraken is now seeking a federal judge in San Francisco to urge the IRS to back down.

According to the government, it is looking into people underreporting their tax burden. In a court filing, Kraken said that the IRS’ request for information on cryptocurrency exchange customers amounted to an “unjustified treasure hunt,” far beyond what U.S. District Judge Jacqueline Scott Corley did with Coinbase almost six years ago. The boundary was drawn in a similar lawsuit in 2019; instead of adopting the basic rules of that case’s ruling, the IRS upped the ante, making greater requests and relying on weaker reasons. In the instance of Coinbase, the government reduced its original request, but the business refused to back down.

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2023-04-27 04:41:02 FTM Founder Andre Cronje Teases The Introduction Of A Crypto Bank Later This Year

Andre Cronje, co-founder of Fantom (FTM), has hinted at the introduction of a new crypto-friendly bank later this year. Andre Cronje shared with his 384,500 Twitter followers the possibility that a bank offering financial services related to cryptocurrencies could open its doors later this year. Andre Cronje, on the other hand, indicated that it is highly unlikely that these services will be made available to US residents due to the anti-crypto stance taken by US officials.

The founder also noted that traditional financial services and new financial services would be subject to the same regulations and standards for know your customer checks. Cronje made the declaration in response to a tweet sent out by Michael Egorov, the CEO and founder of Curve Finance. In the post, Egorov stated that the account he used to access the financial technology firm Revolut had been disabled. Recently, I came to the realization that the Revolut app does not support cryptocurrency transactions. Since the year 2016, I had been one of their customers, however they went ahead and closed both my personal and my company accounts.

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2023-04-26 04:55:01 StarkWare Announced The 2023 Roadmap, Aimed To Improve UX And Performance

StarkWare, the parent company of the Layer 2 scaling solution Starknet, has revealed its aims and strategy for 2023 and 2024 on its blog. Starknet was created to let developers use the power of STARKs and Cairo to create their apps. Starknet’s development has so far been focused on providing developers with future-proof capabilities. Apart from Regenesis, the functionality of Starknet, driven by Cairo 1.0, is now almost complete.

According to the report, the Starknet network will get the “Regenesis event,” which will convert Cairo 0 smart contracts to the new Cairo 1.0 version. This will be the last preset milestone in Starknet’s roadmap, with future significant modifications selected by community governance. StarkWare also revealed at the conclusion of the blog post that 2024 would be the year of network decentralization following 2023, when it will be fully focused on building features. This will also be the period when Starknet introduces its STRK token, since implementing decentralized governance without a project’s own token would be challenging. The emphasis in 2024 will be on the decentralization of operations and decision-making.

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2023-04-25 17:10:13 Crypto | Bitcoin | Blockchain pinned a photo Open / Comment

2023-04-25 17:10:10 New Gaming Token ICO

Fruitlab’s ERC-20 $PIP token has just launched on Uniswap , already up 30%!

Fruitlab is a gaming platform with watch to earn and play to earn features

Users earn PIP on the platform and use it to buy items in the shop and challenge each other in AAA games like Fortnite and Rocket League

The platform started in 2019 and has over 800,000 users, with millions of PIP transactions recorded

Current price: $0.013 USDT
PIP Token built on Ethereum

Don’t miss this opportunity to invest early in a coin backed by a well established platform with many exciting use cases for the token in the release schedule.

Fruitlab is working on developer tools to allow game developers to integrate PIP into any game, which has huge implications

Swap PIP on Uniswap: https://tinyurl.com/5eewp5xj

Read about the tokenomics: https://tinyurl.com/yc7w7kuy

Join the Telegram : https://t.me/thepiplimited

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2023-04-25 06:17:02 Ethereum ICO participant awakes after 7.7 years of dormancy

A long-dormant Ethereum address that participated in the blockchain's initial coin offering, or ICO, awoke after 7.7 years. It transferred one ether to a new address — which some speculate indicates a test transaction — in block 17110898, timestamped more than 10 hours ago. This was the wallet's first sent transaction. One ether cost roughly $0.31 during Ethereum's ICO. Today's ether price is currently $1860.

The wallet in question received 2,365 ether — worth approximately $4.42 million today — at Ethereum's genesis, on-chain analysis account Lookonchain noted. After a lengthy dormancy, the Ethereum ICO participant's activity follows a pair of similar transactions from old bitcoin whale addresses. That transaction came a day after another long-dormant bitcoin whale transferred 2,071.5 BTC — worth $60.7 million — after nine years of inactivity. While the specific reasons for the moves remain unknown, speculation exists that some long-time crypto users are moving old funds to new wallets amid a claimed wallet-draining operation allegedly targeting old wallets — though substantiated details remain scarce.

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2023-04-24 06:18:02 Celsius Live Auction Will Take Place On April 25 To Select The Winning Bid

On Twitter, the Celsius Official Committee of Unsecured Creditors said that the on-site auction would take place on April 25, with bidders including digital asset investment firms NovaWulf, Fahrenheit, LLC, and the Blockchain Recovery Investment Committee. Fahrenheit’s stock is said to be held directly or indirectly by Arrington Capital, U.S. Data Mining Group, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza.

According to Marc D. Puntus, co-head of Centerview Partners, the investment banker working with Celsius throughout the bankruptcy process, the Celsius assets that NovaWulf will manage might be worth as much as $2 billion. According to court records, the assets in dispute include Celsius’s mining operation, loan portfolio, staked bitcoin, and other alternative investments. Celsius previously stated that three times as many offers were received before the bid deadline. The UCC is analyzing those bids with Celsius to determine whether an offer or combination of bids optimizes value for account holders. According to documents, the crypto lender approached 130 interested parties and signed non-disclosure agreements.

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2023-04-23 05:36:02 Binance's CZ leads list of industry chiefs celebrating EU's new crypto rules

Binance's Changpeng Zhao led a chorus of crypto cognoscenti that welcomed the European Union's crypto regulation with open arms after the bloc's Markets in Crypto Assets (MiCA) regulation passed its final parliamentary hurdle this week. While the regulation awaits formal approval from the 27 member states, crypto leaders from Zhao to Gemini's Tyler Winklevoss and even former Securities and Exchange Chairman Jay Clayton celebrated the news.

In sharp contrast to the U.S. and its scattershot regulatory environment, firms offering digital asset services now have more clarity under the new EU rules. Any company with a license in one EU member state can legally access the whole EU market. Traditional finance players can now choose licensed partners to work with when developing their crypto solutions. The final vote means "one of the world's largest markets is introducing tailored regulations for crypto to protect users and support innovation," Binance's CZ said on Twitter, adding that his firm views this as "a pragmatic solution to the challenges we collectively face."

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2023-04-22 06:03:02 Ethereum Suffers Massive 100K Coin Loss Following The Merge

Since the implementation of The Merge, the Ethereum blockchain has undergone a significant transformation. Over the last 217 days, the total supply of ether has been declining, with a decrease of 103,092 coins – worth over $200 million at current prices – according to Ethereum tracking website ultrasound.money. This gradual decrease is a result of the shift towards the proof-of-stake consensus mechanism, which has resulted in a decrease in the number of miners and an increase in stakers.

The Merge moved Ethereum away from an energy-intensive proof-of-work consensus mechanism to a more environmentally friendly proof-of-stake method, which has had several implications for the supply of ether. Instead, post-Merge Ethereum has decreased its coin supply by 0.144% per year. Ultrasound.money even claims that $1.2 billion is being removed from the ether supply during the same time frame. This is a result of the shift towards proof-of-stake, which has a lower energy consumption rate than proof-of-work. and this shift towards proof-of-stake is expected to continue to affect the supply of ether over time.

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