CryptoTastic

2023-01-30 07:35:42 Top 15 Blockchains by 30D NFT Sales Volume

Ethereum leads, followed by Solana , Cardano , and Immutable X. Worth noting, that Tezos (+102%), Ronin (+81.9%), and Solana (+74.4%) showed the highest 30-day increase in trading volume

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2023-01-26 07:47:36 Porsche halts its NFT minting amid negative feedback.

German sports car manufacturer Porsche has announced that it will be halting its Ethereum-based non-fungible token (NFTs) minting due to the public backlash.

The Porsche NFT situation only does nothing but fuels the narration that the big brands are here to extract and not for the tech

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2023-01-19 20:52:47 JUST IN: US national debt reaches an all-time high of $31.41 trillion.

Government interest on debt through Q3 when the Fed funds rate was still at 3.08%. It is 4.33% now and they insist they want to raise to 5%+.

Trillions in debt will also have to be refinanced at higher rates in 2023 and 2024.

There is a math problem in there somewhere.

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2023-01-18 07:55:19 Visa Has Approved Alchemy Pay As An Official Service Provider For Cryptocurrency Purchase In 173 Countries

Alchemy Pay, a blockchain payment system, has formally announced that Visa has classified it as an official service provider and that it has been added to Visa’s third-party agent (TPA) program.the Payment Card Industry Data Security Standard (PCI DSS), and other applicable security standards.

TPAs are agents who are not directly connected to VisaNet but provide payment-related services to customers and/or store, process, or transmit Visa cardholder data. All organizations offering solicitation activities, managed services, and/or storing, processing, or sending cardholder data for clients must register as agents (or on behalf of their merchants or agents). The customers must conduct due diligence checks to verify that they understand the agent’s business model, financial condition, background, and PCI DSS compliance status.

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2023-01-16 16:23:29 U.S. Trustee Disagrees With FTX’s Selected Lawyers

The U.S. Trustee has objected to FTX engaging the New York legal firm Sullivan & Cromwell on the grounds that there might be conflicts of interest arising from the firm’s prior work. FTX makes no mention of the kinds of services S&C had previously rendered to the exchange. Due to S&C’s prior associations with the defunct cryptocurrency exchange, potential conflicts of interest were raised in the filing by U.S. Trustee Andrew Vara, dated January 13. The filing expresses fear that the company would trample on future work by an independent examiner and is similar to those made by a bipartisan group of U.S. Senators and Sam Bankman-Fried, the creator of the cryptocurrency exchange. Vara pointed out that FTX’s General Counsel Ryne Miller spent eight years as an employee of S&C.

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2023-01-13 19:51:19 Binance Receives Failure To Maintain “Flawless” Its Stablecoin’s Reserves In The Past

According to Bloomberg, crypto exchange Binance acknowledged systemic issues that left its supply of Binance Smart Chain BUSD undercollateralized by at least one billion. However, the pegging process has since been improved, the spokesperson added.

The Binance-pegged BUSD token is intended to have a fixed $1 value supported by reserves of BUSD, a different stablecoin with the exchange name but issued and managed by a different business, Paxos Trust. The amount of BUSD locked as collateral to maintain its own coin, referred to as the “peg” by Binance, had previously frayed but is now unbroken.The process of maintaining the peg, according to a spokesman for Binance, includes numerous teams and hasn’t always been perfect. Open / Comment

2023-01-11 09:07:08 ​Bitcoin Can Be Super Collateral If Lenders Understand Its Value

This is an opinion editorial by Max Keidun, the CEO of peer-to-peer bitcoin exchange Hodl Hodl.

The bitcoin lending space has suffered from several major issues in recent months and years, from the fallout of the Terra/Luna crash, impacting Celsius and BlockFi, and now FTX as well, to liquidity crunches given the sustained price drawdown, varying accusations of market manipulation and more.

All of these have led to significant losses, bankruptcies and a complete reshaping of the lending market. Many users have lost faith in bitcoin-based lending products and the market appears to be at its historical bottom, both in terms of volumes and public confidence.

As usual, the mainstream media blamed these crises on Bitcoin itself. But is any of this Bitcoin’s fault? Does it make Bitcoin any less attractive? Does it even mean that we shouldn’t consider bitcoin as lending collateral? No!

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2023-01-09 12:59:10 ETC Surges 14% to Hit 6-Week High on Saturday

Ethereum classic was one of the biggest movers to start the weekend, as prices surged to a six-week high. The move saw the token climb by as much as 12%, breaking out of a key resistance level in the process. Polygon also moved higher, as it raced towards a recent price ceiling. Ethereum classic (ETC) rose to a six-week high on Saturday, as prices rallied by as much as 14%. Following a low of $17.94 on Friday, ETC/USD raced to a peak of $20.68 earlier in today’s session. Recent rallies have also pushed the 14-day relative strength index (RSI) close to overbought territory, with the indicator tracking at its highest point since last August. Earlier gains have already begun to fade, with previous bulls likely moving to take profit at the level.

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2023-01-07 13:20:04 TON Foundation Launches New Decentralized File-Sharing Solution

TON Storage, a decentralized file-sharing and data-storage service, was made public by the TON Foundation. Similar to peer-to-peer file sharing via torrents, TON Storage uses the TON blockchain to share data over a private, secure, and decentralized computer network. TON Foundation is the guardian of the proof-of-stake blockchain TON, which was created by the founders of Telegram Messenger. Torrent-based internet-based peer-to-peer file sharing is similar to how TON Storage operates. But rather than using centralized web servers, it uses the TON blockchain network to send data files of any size that are secured and backed up. By giving users incentives to operate nodes and host files, TON Storage seeks to change that.

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2023-01-05 16:07:22 BTC.com Stolen Assets In The Attack Were Transferred To Tornado Cash

BIT Mining Limited’s subsidiary, BTC.com, experienced a cyberattack on December 3, 2022. On-chain disclosure shows tokens are being transferred to mixer platforms for money laundering. BTC.com suffered a $3 million loss of digital assets as a result of a cyberattack on December 3. On January 3, X-explore tweeted that chain analysis showed that the stolen assets of BTC.com were 32.5 BTC and 1964 ETH. Most of them were transferred to Tornado Cash, and some were transferred to CEX exchanges like Binance and Kucoin. BTC wallet 3FxUA8godrRmxgUaPv71b3XCUxcoCLtUx2 transferred 32.5 BTC, suspected to be stolen. Attackers suspected of using centralized BTC Mixer for money laundering. BTC.com suffered a $3 million loss of digital assets as a result of a cyberattack on December 3.

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