https://t.me/crypto_news_collector

2022-09-28 05:33:02 Stablecoin Flows to Crypto Exchanges Bode Well for Market Recovery: Bank of America

Stablecoin exchange inflows are up, which could mean the crypto market is headed for an eventual recovery, say researchers for Bank of America. In a Friday report, analysts Alkesh Shah and Andrew Moss said that despite digital assets behaving like “risk assets,” stablecoins.

Stablecoins are cryptocurrencies which are backed by fiat currencies, like dollars, or other real-world assets. They are used by people to quickly enter and exit positions in other coins or tokens when trading without the need to convert to a hard currency, such as U.S. dollars. Bank of America’s report added that “three consecutive weeks of [stablecoin] inflows indicate that investors.

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2022-09-28 04:01:03 World Indices :

SPX - 3,647.29 (-0.21%)

Cryptocurrencies :

Bitcoin USD - 19,133.43 (-1.02%)
Ethereum USD - 1,332.86 (-0.77%)

Commodities :

Silver - 18.315 (-0.12%)
Crude - 78.26 (-0.31%)
Gold - 1,632.80 (-0.21%)

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2022-09-28 03:15:04 The world trade organization chief is warning that a number of coinciding crises are slowing global economic growth and threatening to tip the world into a recession

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2022-09-26 21:10:01 disguise Launches Metaverse Labs for End-to-End Metaverse Experience Enablement

disguise announces the launch of its Metaverse Labs – a global network of creative and technical labs filled with experts that will empower brands, creatives and technologists that want to deliver experiences in the metaverse. As part of disguise’s Metaverse Solutions division. Its established partnerships with metaverse and virtual production experts Zerospace, Nowhere, Improbable, Film Soho, Super Bonfire, XR Studios, All of it Now, Zoan, Boum and Shape will give rise to new proof of concepts and new workflows.

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2022-09-25 10:35:04 Ethereum 2.0 Deposit Contract Hits New All-Time High of 13.9M ETH

Ethereum and the larger market continued to see red signals in terms of price after witnessing short-term gains. However, despite the cautionary tales and price headwinds, stakers and holders continued to build the post-Merge Ethereum castle. Ethereum blockchain’s historical shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS).

Until mid-September, Ethereum had over 429.6K active validators on the network. Additionally, increased interest from newcomers too was seen in the rising number of new validators on the network. Over the last 6-months, the gradient of new validators increased markedly in the lead-up to and following the Merge. One of the most notable developments was that roughly 150,00 ETH, worth $195 million was staked over the past week. This led to the Total Value in the ETH 2.0 Deposit Contract reaching an ATH of 13,919,623 ETH.

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2022-09-25 09:41:02 Binance to add opt-in button for 1.2% LUNC burn tax on all trades

Binance CEO Changpeng Zhao (CZ) was asked if Binance was ever going to apply the 1.2% tax on Terra Luna Classic (LUNC) off-chain trades. CZ answered the question during a Twitter AMA, stating that Binance would add an opt-in button for those wishing to apply the burn.

Binance announced that it would only apply the 1.2% tax burn to on-chain transactions such as deposits and withdrawals on Sept. 9. CZ started his latest post that off-chain exchange trades were not included as it would deter users from trading LUNC on Binance. CZ mentioned the involvement of game theory and said the tax burn wouldn’t work unless all centralized exchanges in the world apply it. CZ also acknowledged LUNC holders’ desire to see a decrease in supply and showed his willingness to listen to the Binance community.

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2022-09-25 09:21:02 DARPA Is Bankrolling Research Into Crypto and National Security

America's Defense Advanced Research Projects Agency, better known as DARPA, has turned to analytics firm Inca Digital to build out a new crypto mapping tool to analyze the impact of cryptocurrencies on U.S. national security. The terms of the small business innovation (SBIR) contract will also give the information about the role crypto plays in illicit finance.

Specifically, Inca Digital’s government contracting division will “provide insight into the use of blockchain-based technologies linked to money laundering, terrorist financing, and sanctions evasions across systems.”. The research effort will also unpack how crypto is moving throughout the ecosystem, key on- and off-ramps, and how crypto may impact traditional finance, among other objectives. The agency also played a key role in developing.

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2022-09-25 08:57:03 XRP Jumps 44% in a Week After Ripple Moves to Dismiss SEC Lawsuit

XRP, a cryptocurrency originally launched by the founders of crypto payments company Ripple, jumped 11% early Friday morning following a strong week of gains—and hope from investors that the SEC’s lawsuit against Ripple may be coming to an end. Trading today for XRP has since cooled a bit, now up 3% on the day.

The price pump for XRP follows news earlier this week that both Ripple and the SEC have filed motions for summary judgment in the $1.3 billion lawsuit, each seeking to dismiss the lawsuit before trial and asking the judge to rule in their favor. The SEC filed charges against Ripple in December 2020 for allegedly conducting an unregistered securities sale when it sold XRP. By contrast, the SEC alleges that XRP meets the criteria of a security under the Howey Test.

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2022-09-25 08:30:54 Apple's imposition of its app tax on NFT sales is abusive

Apple collects "up to 30% of the transaction": the app tax even exceeds 30% under certain circumstances, plus developers are increasingly forced to pay for Search Ads as Apple places ads even on individual app pages. Let's leave that for another day. All that matters here is that as long as NFT businesses are legal. Apple's impact on wide swaths of the economy becomes clearer every day. In the summer, venture investor Alex Gurevich said Apple's App Tracking Transparency might deserve as much blame for a recession as inflation as all sorts of businesses now face much higher customer acquisition costs. On Tuesday, I criticized Apple's dictate of currency conversion rates because it contributes to eurozone inflation.

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2022-09-25 08:03:03 Firm previously accused of fraud sues Coinbase for patent infringement

A firm that previously weathered fraud allegations from the U.S. Securities and Exchange Commission (SEC) is seeking $350 million from Coinbase in a lawsuit that alleges the exchange infringed on its blockchain patent. Veritaseum Capital claims Coinbase infringed on a patent it holds in its blockchain infrastructure services.

Veritaseum founder Reggie Middleton says he obtained a patent for "devices, systems, and methods for facilitating low trust and zero trust value transfers" in December of last year. The patent appears to encompass a wide variety of blockchain transaction infrastructure scenarios. Since then, he says he has exclusively licensed the patent to his company, Veritaseum, and provided notice to Coinbase in July of this year that he felt the company's blockchain.

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