Crypto Futures Trading

2023-04-26 06:08:02 Alchemy’s Venture Arm Wants to Align With 'Web3 Missionaries, Not Mercenaries’

Alchemy, builder of Web3 infrastructure used to create decentralized applications, launched a venture capital arm at the end of 2021 – a record-setting year for crypto investments. The main company was then valued at $10 billion during a $200 million fundraise in early 2022. The bear market has since crept in and all but stalled investments, but Alchemy continues to back early-stage investors.

Alchemy Ventures invests off the main company’s balance sheet and every dollar put out has to tie back to the top-level goals for the Alchemy ecosystem, Alchemy Ventures head Paul Almasi told CoinDesk in an interview. The venture arm isn’t as return-focused as a traditional venture capital fund. While returns are still important, the firm has three other primary goals: attracting early-stage founders to the Alchemy ecosystem, gathering strategic intel to make better decisions for the Alchemy roadmap and growing out the main team through acquihires or full acquisitions. Alchemy Ventures invests across blockchains and use cases, but areas of particular interest include end-user applications.

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-25 09:50:19 Crypto Futures Trading pinned a photo Open / Comment

2023-04-25 09:50:16 For all Advertising requests:
@JeffRoss Open / Comment

2023-04-25 07:13:02 KuCoin Has Regained Control Of The Twitter Account After The Hack

The crypto exchange KuCoin has confirmed to take back control of the exchange’s official Twitter account. Earlier today, KuCoin stated in a Telegram announcement that its official Twitter account was hacked, reminding users not to click on suspicious links. KuCoin’s Twitter handle was hacked for roughly 45 minutes starting at 00:00 on April 24 (UTC+2). A counterfeit activity was uploaded, resulting in asset losses for multiple people.

According to the exchange, just the exchange’s Twitter account was hijacked in this instance. After the event, the team proceeded quickly to reclaim control of the account from official Twitter support. According to the notification, the assets on the exchange are safe. Moreover, KuCoin has detected 22 transactions, ETH/BTC, related to the counterfeit activity, totaling 22,628 USDT. To keep more people safe, the team is actively investigating and banning suspicious IP addresses. In addition to Twitter’s current 2FA, the KuCoin team will take additional security measures to strengthen the safety of their social media accounts in the future to avoid such instances.

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-24 13:14:35 #BTC As expected, the price is dropping and has broken through the $28350 support level, continuing its decline. I haven't changed my trading plan, and I'm only willing to buy at $25k - $26k, even though there is potential for a reversal higher. However, my current average entry at $21810 is satisfactory for me, so I am not concerned.

Going forward, I plan to trade with my free assets on altcoins and earn more than investing everything into bitcoin at $27k.

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-24 07:47:02 Crypto Fraudster Might Serve Seven Years in Prison for Allegedly Running a Shadow Bank

An alleged cryptocurrency fraudster is facing a sentence of seven years in prison for allegedly running a shadow bank. Damian Williams, the US attorney for the Southern District of New York, has requested a seven-year sentence for Reginald Fowler, the alleged executive in a crypto shadow banking business that operated in 2018. According to an April 18 filing, Fowler’s court case has dragged on for five years, and he is scheduled to be sentenced on April 20.

In a letter of request written to US District Judge Andrew Carter, Williams explained that Fowler was arrested in 2019 and charged with illegal money transfers, bank fraud, and conspiracy related to shadow banking practices in unlicensed money transmitting business. Shadow banks refer to a group of unlicensed and unregulated bank-like entities that provide similar services like traditional commercial banks. They offer many services, mainly lending, and are called non-bank financial intermediaries. Williams is seeking the seven-year sentence on behalf of the government. He also requested a range of 15 to 20 years to show the seriousness of the offense and the need to promote respect for the law.

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-23 07:36:02 Lawyer Do Kwon: SEC Accusations Of Do Kwon And Terra Fraud Are Baseless

Lawyers for the former head of crypto firm Terraform Labs Do Kwon say the US regulator’s lawsuit accusing him and Terra of securities fraud is baseless, partly because the stablecoin is being mentioned as currencies, not securities. US law prohibits regulators from using federal securities laws to assert jurisdiction over digital assets in this case, Kwon’s attorney said Friday in a judge request to dismiss the case.

In February, the US Securities and Exchange Commission filed a lawsuit against Kwon and Terraform Labs, the business he co-founded, alleging fraud in connection with the death of the TerraUSD stablecoin. According to the agency, the corporation engaged in the illegal offering of unregistered securities and carried out a strategy to destroy at least $40 billion in market value. The case, according to Kwon’s counsel, is an unethical attempt by the SEC to regulate cryptocurrencies using outdated rules, despite the fact that Congress, the executive branch, and the agency disagree on what constitutes securities.

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-22 07:58:02 Texas Pushes for Crypto Transparency With User Balance Disclosure Rule

Texas House of Representatives passed a bill aimed at regulating the cryptocurrency industry. The bill, known as HB1666, proposes that digital asset service providers maintain sufficient reserves to cover all user obligations, including crypto deposits and balances. Additionally, it may require crypto companies to provide detailed accounting reports on a quarterly basis to both customers and auditors. These reports would detail outstanding liabilities owed to the customer and the amount of crypto held in reserve by the company.

The proposed requirements in the bill are somewhat similar to the proof-of-reserve reports already published by major exchanges such as Binance, Coinbase, and Kraken. However, the language in the bill suggests that companies must supply personalized reports to individuals rather than company-wide reports. It is important to note that the rules apply only to digital asset service providers that serve more than 500 Texas-based users or to digital asset service providers with at least $10 million in customer funds. The rules do not apply to banks, nor do they apply to companies that are not required to hold money services licenses. As of now, the bill has not been passed by the Texas Senate, nor has it been signed into law.

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-21 07:11:02 9 Years Inactive Address Moved 6,070 Bitcoins As BTC Dropped Deeply To $28,000

An anonymous Bitcoin address unexpectedly moved over 6000 BTC amid a sharp price drop due to concerns about the UK’s rising inflationary effects. According to data monitoring by Whale Alert, the anonymous Bitcoin address was activated after more than 9 years of inactivity and transferred 6,071 Bitcoins (about $178 million) as of this morning. Especially, which is worth 3,362,853 in 2013.

Bitcoin (BTC) slipped more than 3% in just 15 minutes in the European morning on Wednesday, bringing the largest cryptocurrency by market capitalization below $30,000. CoinDesk data shows that further drops take it to as low as $28,800 and further declines are likely. Over $30 million in bitcoin futures has been liquidated. Long, or betting on rising prices, accounts for 95% of the position. The sell-off took place but didn’t appear to be due to any immediate underlying reason, but an unusually large sell order on crypto exchange Binance and unexpectedly high inflation numbers in March of the UK by more than 10% may have influenced market sentiment. The hotter-than-expected UK CPI may have affected risk assets, including BTC, according to the analyst.

Source

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-20 08:02:02 Beam aims to become the new blockchain gaming hub on Avalanche

Merit Circle announced a new development from its decentralized autonomous organization: Beam, a gaming-focused blockchain that aims to become the home for various web3 games. The metaverse-focused DAO claims Beam is a sovereign network powered by Avalanche — a popular layer-one blockchain and Ethereum rival — aimed directly at gamers and game developers.

The latter will reportedly be able to deploy on-chain games with ease. "Everything from smart contracts to gas-optimized transactions, asset management, oracles for web2 games and marketplaces can be provided on Beam, letting developers focus on their games," an announcement post on Medium states. Merrit Circle highlighted that Avalanche was chosen because its subnets, sovereign networks that define their own rules regarding their memberships and token economics, boast low fees and quick settlements — essential aspects that make them attractive for web3 gaming.

Source

https://t.me/Crypto_Futures_Trading Open / Comment