ERC20 Official Crypto channel

2022-12-12 21:03:29 Bitcoin Group to buy Bankhaus von der Heydt

Cryptocurrency-focused holding Bitcoin Group has agreed to acquire the German bank Bankhaus von der Heydt (BVDH). This is stated in the press release.

We are talking about the amount of 14 million euros ($14.7 million) and 150,000 shares.

The transaction must be approved by the German Federal Financial Supervisory Authority (BaFin). Its closure is expected in the third quarter of 2023.

The interest of the Bitcoin Group in the takeover of the German bank became known in October. Then Bloomberg sources reported that the purchase amount could be €20 million ($19.6 million at the exchange rate at that time). Open / Comment

2022-12-12 16:11:06 Arthur Hayes Says Bitcoin Has Hit the Bottom

Former BitMEX CEO Arthur Hayes, on Scott Melker's podcast, said that the first cryptocurrency hit the low of the current cycle, as almost all "irresponsible organizations" ran out of BTC to sell.

Hayes explained that in times of financial difficulty, centralized lending firms often first turn to loans and then sell bitcoin, which acts as a reserve liquid asset.

According to the expert, the digital asset market expects a partial recovery in 2023 against the backdrop of another launch of the "printing press" of the US Federal Reserve. Open / Comment

2022-12-12 15:32:13 In the Russian Federation began to calculate "home" miners to hold accountable

Irkutsk power engineers reveal the facts of cryptocurrency mining in residential buildings in order to go to court and collect fines. This was stated by Deputy Energy Minister Pavel Snikkars.

According to him, miners are calculated by the amount of energy consumption and the change in the load on the network.

“When it is suspected that a tenant is not using electricity for domestic purposes, an inspector is sent to the apartment to check the power installations. After that, the owner of the mining equipment is either issued a new invoice for the price of electricity for the business, or they go to court, ”said Snikkars.

At least 10 cases of successful recovery from miners of the difference in the cost of electricity for the population and businesses are already known, lawyers said. Open / Comment

2022-12-12 15:30:10 Open / Comment

2022-12-12 10:50:16 Media: Terraform Labs founder Do Kwon is hiding in Serbia

In November, Terraform Labs (TFL) CEO Do Kwon flew to Serbia. It is reported by Forkast with reference to the statement of the Prosecutor's Office of South Korea.

The department noted the lack of evidence that he is still in this jurisdiction. The Korean authorities requested assistance in the investigation from colleagues from Serbia. Open / Comment

2022-12-12 10:17:21 Katherine Wood: Former FTX CEO Hates Bitcoin

The head of ARK Invest said that the ex-CEO of FTX has always disliked Bitcoin for its decentralized nature.

According to Catherine Wood, Bitcoin did not slow down during the crisis, provoked by opaque centralized players, and Sam Bankerman-Fried did not like it:

"Bankman-Fried doesn't like Bitcoin because it's transparent and decentralized and he couldn't control it."

Despite the crisis of large companies, the CEO of ARK Invest is optimistic about the cryptocurrency market:

“We believe that DeFi will get a boost from the crisis, because now it is clear that investors will choose a decentralized and transparent path.” Open / Comment

2022-12-12 10:16:52 Good morning! With the start of a new week! The fresh rate of the crypt is already on your screens! Open / Comment

2022-12-11 20:41:00 Open / Comment

2022-12-11 19:23:48 Binance has suspended the withdrawal of some assets

The largest cryptocurrency exchange in the world announced that it has temporarily blocked some of the accounts that managed to earn on the recent abnormal volatility of a number of cryptocurrencies.

Binance explained its actions as "anomalous price movements in certain trading pairs":

“We are aware of anomalous price movement in some trading pairs on Binance, including assets like SUN, ARDR, OSMO, FUN, and GLM. This activity is not related to account hacking or API key theft, the funds are safe.”

The exchange team decided to hedge against the backdrop of an incident that happened the day before, on December 10, when Cosmo (OSMO) prices on Binance instantly increased by 460%, and then fell almost to the previous level. Binance CEO Changpeng Zhao assured that the exchange has conducted an investigation into abnormal price volatility related to “market behavior.” Open / Comment

2022-12-11 12:22:17 Investors accuse Yuga Labs and MoonPay of false advertising

Law firm Scott + Scott filed a class action lawsuit against nearly 40 people and companies, including Yuga Labs and MoonPay, for promoting misleading ads.

Lawyers for Scott + Scott said that Yuga Labs and Hollywood talent agent Guy Oseary have developed a joint plan to use their "extensive network of high-profile musicians, athletes, and celebrity clients and partners" for the questionable practice of social media promotion of financial Yuga products.

In total, 37 defendants appear in the lawsuit, including the founders and management of Yuga Labs, MoonPay and its CEO Ivan Soto-Wright; Reddit co-founder and investor Alexis Ohanian, Ape DAO board member Amy Wu, Guy Oseary, Madonna, Paris Hilton, Snoop Dogg and others. Open / Comment