Crypto Updates

Solidus Labs says it has found more than 250,000 rug pulls since 2021—a new scam token created every 4 minutes.

Token Sniffer Adds API for Faster Scam Scans - Decrypt Token Sniffer, a free tool that scans smart contracts for telltale signs of a scam, is getting an API, says Solidus Labs.

MoonPay CEO Ivan Soto-Wright talked to Decrypt's Liam Kelly at NFT Paris about how NFTs are clearly not "waning," how MoonPay works with brands like Puma and Nike to manage their Web3 plays and smart contracts, and how NFTs and crypto will go mainstream when they can integrate in our daily lives—and his prediction that brands will drive that.

MoonPay CEO: Next Phase of NFT Adoption Will Come From 'Brands You Love in Your Everyday Life' - Decrypt MoonPay CEO Ivan Soto-Wright talked to Decrypt's Liam Kelly at NFT Paris about how NFTs are clearly not "waning," how MoonPay works with brands like Puma and Nike to manage their Web3 plays and smart contracts, and how NFTs and crypto will go mainstream when they can integrate in our daily lives—a...

Trezor plans to build its hardware wallet chips, but other crypto companies still prefer third-party imports due to technical and financial barriers.

Trezor crypto wallet's move into the semiconductor business isn't for everyone While Trezor believes that producing its own chips is the right move, not every crypto company is willing or able to become its own semiconductor supplier.

The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings.

CoinTracker integrates with H&R Block to offer crypto tax preparation H&R Block, which had around 20 million tax customers in 2020, is integrating CoinTracker software into its app, allowing customers to report their crypto capital gains without manual input.

Pro-XRP lawyer John Deaton says he “wouldn’t be surprised” if there’s a summary judgment decision on the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple in the coming days or weeks. Deaton says in a new interview with Fox Business that he doesn’t think the case will end well for the SEC. “I think […]
The post Pro-XRP Lawyer Says SEC’s Lawsuit Against Ripple Edging Closer to Summary Judgement appeared first on The Daily Hodl.

Pro-XRP Lawyer Says SEC’s Lawsuit Against Ripple Edging Closer to Summary Judgement - The Daily Hodl Pro-XRP lawyer John Deaton says he "wouldn't be surprised" if there's a summary judgment decision on the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple in the coming days or weeks.

Following a recent governance proposal, SushiSwap is rolling out a new rewards program in partnership with r/CryptoCurrency.

Cryptocurrency Subreddit Launches New MOON Token Pool on SushiSwap - Decrypt

Cassava Network’s recent V3 product launch allows Africa’s Web2 users to get onboarded to Web3 while earning rewards and increasing their income.

Web3 platform partners with self-custody wallet to broaden crypto adoption in Africa

The central bank of Ukraine sees crypto as a threat to macro-financial stability and a promising opportunity for better payments at the same time.

Ukraine’s central bank sees both promises and threats in Bitcoin Despite enforcing restrictions on crypto operations last year, the National Bank of Ukraine is still bullish on crypto’s potential in payments.

The team said it has already lined up clients, including CoinList, Bitso and TrueUSD.

Former Jane Street, PIMCO traders raise $15M for ZK proof-of-solvency protocol The new protocol allegedly prevents exchanges from listing liabilities with negative balances to fool customers.

The warning was issued after crypto exchanges jumped into the trend of providing PoR reports to assure users after the FTX debacle.

US accounting watchdog warns investors about proof-of-reserve reports The PCAOB highlighted that investors should rely on the PoR reports which are not within its oversight authority.

Like every market cycle, this crypto winter will eventually end.

Is crypto winter almost over? Surviving the unknown months Anthony Georgiades 18 minutes ago Is crypto winter almost over? Surviving the unknown months Like every market cycle, this crypto winter will eventually end. 89 Total views Listen to article 0:00 Innovation Circle Own this piece of history Collect this article as an NFTThis winter has been a long on...

The vulnerability allegedly allows Web3 apps using the Starknet protocol to bypass the security protection of private keys in MPC wallets, potentially exposing users' private keys to wallet providers.

Multisig wallets vulnerable to exploitation by Starknet apps, says developer Safeheron Safeheron said it is working with app developers to patch the vulnerability, and is making its protocol open source in mid-March to help further efforts to patch the issue.

A popular crypto analyst known for calling the 2018 Bitcoin (BTC) bottom says altcoins may swing bullish after most of their gains this year were just erased. The pseudonymous analyst Smart Contracter tells his 221,300 Twitter followers that Bitcoin and Ethereum (ETH) are finding support after dips, indicating a possible relief rally will occur in […]
The post Crypto Analyst Who Nailed 2018 Bitcoin Bottom Leaning Bullish on ‘Obliterated’ Altcoins – Here’s Why appeared first on The Daily Hodl.

Crypto Analyst Who Nailed 2018 Bitcoin Bottom Leaning Bullish on ‘Obliterated’ Altcoins – Here’s Why - The Daily Hodl A popular crypto analyst known for calling the 2018 Bitcoin (BTC) bottom says altcoins may swing bullish after most of their gains this year were just erased.

The investment branch of FTX, Alameda Research, reached an agreement to sell its interest in Sequoia Capital for $45 million in cash to the Abu Dhabi sovereign wealth fund.

Alameda Research to sell interest in Sequoia Capital for $45M to Abu Dhabi The deal has the potential to be closed by March 31, however, it is first subject to approval by the Delaware bankruptcy judge John Dorsey.

The UK Financial Conduct Authority continues to target and disrupt illegal Bitcoin ATM businesses, this time it's taking aim at London.

FCA, Met Police Continue Bitcoin ATM Crackdown in East London - Decrypt

The longtime Las Vegas mainstay is stepping into Web3 as part of Meta Hollywood in a new members-only launch with Animoca Brands.

Planet Hollywood Inks Deal With Animoca Brands to Launch NFT Club in L.A. - Decrypt

Bitcoin longs get punished by relatively small BTC price losses as BTC/USD trends towards significant support lines.

Bitcoin keeps liquidating longs as BTC price action gives up $22K support Bitcoin serves up more long liquidations as BTC price action trends lower.

Bitcoin and major altcoins slipped further following the news of crypto-friendly bank Silvergate winding down operations.

Bitcoin, Ethereum Down 8% on the Week as Silvergate Bank Shuts Shop - Decrypt

The supply of the second-largest crypto asset Ethereum (ETH) is deflating, thanks to the success of a major upgrade known as EIP-1559. New numbers from Ultrasound.Money show 50,317 ETH worth $77.5 million has burned since the upgrade went into effect in August of last year. The overall supply of ETH began to reverse in January, […]
The post $77,588,814 in Ethereum Burned As ETH Transforms Into Deflationary Crypto Asset appeared first on The Daily Hodl.

$77,588,814 in Ethereum Burned As ETH Transforms Into Deflationary Crypto Asset - The Daily Hodl The supply of the second-largest crypto asset Ethereum (ETH) is deflating, thanks to the success of a major upgrade known as EIP-1559.

Given the difficulties with classification, BaFin highlights the freedom of nonfungible tokens from licensing demands.

German regulator BaFin suggests a 'case-by-case' approach for NFTs The agency recommends a case-by-case approach to the classification of NFTs when it comes to their status as a “crypto asset.”

Mt. Gox creditors have another month to file for their claims as the registration deadline was pushed back by another month.

Mt Gox registration deadline pushed for another month Mt. Gox was the largest Bitcoin exchange of its time, accounting for more than 70% of all BTC volume before it went bust.

A U.S. judge denied the request to consolidate, saying that the defendants had not had the opportunity to respond.

Judge refuses to consolidate class-action lawsuits against FTX While all the plaintiffs are after former FTX CEO Sam Bankman-Fried, they also named various other defendants.

The proposed stablecoin, the Satoshi Nakamoto Dollar, aims to be entirely free from any movements of USD, which require banking services.

BitMEX co-founder Arthur Hayes proposes Bitcoin-based stablecoin BitMEX co-founder Arthur Hayes has proposed to create a new stablecoin whose value would rely upon derivatives exchanges that list liquid inverse perpetual swaps.

Bitcoin ordinals have been the most hyped-up Web3 trend of 2023 so far. How do ordinals compare to traditional NFTs, and what are the opportunities?

What are Bitcoin ordinals?

Following a favorable ruling from the bankruptcy court, Binance’s US arm is moving forward with plans to acquire the $1.3 billion assets of the beleaguered crypto lender, Voyager. Judge Michael Wiles says he is signing a court order that will green-light the sale and the related $20 million payout plan to Voyager customers, as reported […]
The post US Judge Approves $1,300,000,000 Binance.US Deal With Voyager After Dismissing SEC Objections appeared first on The Daily Hodl.

US Judge Approves $1,300,000,000 Binance.US Deal With Voyager After Dismissing SEC Objections - The Daily Hodl Following a favorable ruling from the bankruptcy court, Binance's US arm is reportedly moving forward with plans to acquire the $1.3 billion assets of the beleaguered crypto lender, Voyager.

Crypto whales are moving Bitcoin (BTC), Ethereum (ETH) and two other digital assets worth hundreds of millions of dollars in multiple transactions. Starting with Bitcoin, blockchain-tracking platform Whale Alert says that deep-pocketed BTC investors have moved 25,820 BTC worth approximately $574 million. In two separate transactions, the Bitcoin was moved from Binance to unknown wallets […]
The post Whales Move Over $800,000,000 in Bitcoin, Ethereum, XRP and Polygon – Here’s Where the Crypto Is Headed appeared first on The Daily Hodl.

Whales Move Over $800,000,000 in Bitcoin, Ethereum, XRP and Polygon – Here’s Where the Crypto Is Headed - The Daily Hodl Crypto whales are moving Bitcoin (BTC), Ethereum (ETH) and two other digital assets worth hundreds of millions of dollars in multiple transactions.

Jimmy Fallon wants out of the BAYC trademark case while Blur is responsible for the NFT market’s 3-month high.

Nifty News: Jimmy Fallon wants exemption from BAYC trademark case Jimmy Fallon wants out of the BAYC trademark case. At the same time, Blur is responsible for the NFT market’s 3-month high, Getty images, in partnership with Candy digital to archive as NFT and Forkast launch NFT price tracker indices.

The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs.

Silvergate downfall sparks debate over whose fault it actually was Silvergate's downfall has sparked discussion about what ultimately tipped the scales towards its demise, while lawmakers have used it to push their anti-crypto agendas.

Sam Bankman-Fried’s lawyers said they’re still waiting on evidence from federal prosecutors and as a result need more time to prepare a defense.

SBF’s lawyers signal need to push back October criminal trial Lawyers representing Sam Bankman-Fried need more time to prepare a defense and asked a New York District Judge to delay his criminal trial from its current Oct. 2 date.

Crypto-friendly bank Silvergate says it’s decided to wind down operations and liquidate, making it the latest company to be leveled by the collapse of FTX. The news triggered a 36% after hours crash in the bank’s stock, and pushed Bitcoin (BTC) from $22,100 to $21,777 at time of publishing. The California-based bank has about $11 […]
The post Bitcoin Dives Below $22,000 As Crypto-Friendly Bank Silvergate Prepares to Shut Down appeared first on The Daily Hodl.

Bitcoin Dives Below $22,000 As Crypto-Friendly Bank Silvergate Prepares to Shut Down - The Daily Hodl Crypto-friendly bank Silvergate says it's decided to wind down operations and liquidate, making it the latest company to be leveled by the collapse of FTX.

Brandon Potts, a principal at Web3 VC firm Framework Ventures, spoke to Decrypt's Jason Nelson at ETH Denver about his investment focus, his outlook on crypto regulation right now, and why he's optimistic for the industry even amid the bear market and recent regulatory actions.

Framework Ventures Is 'Optimistic That Regulators Are Much More Educated' About Crypto Than in Past - Decrypt

The Biden administration wants to apply the wash sale rule to digital assets.

Biden wants to double capital gains and clamp down on crypto wash sales: Reports The Biden administration is set to release its fiscal 2024 budget plan which includes closing a certain crypto tax harvesting loophole.

In the tug-of-war between the US regulators over control of crypto assets, the CFTC chair has triple-downed his stance — that Ether and stablecoins are commodities.

​​Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair Crypto stablecoins and Ether (ETH) will be classed as commodities in the United States, according to CFTC chair, Rostin Behnam, adding at a Mar. 8 Senate hearing the distinction “was clear.”

Co-founder Rodriguez and senior promoters Millan, Aguilar and Chairez all recently pled guilty to the charges, while the other founder, Dos Santos pled guilty in October, 2021.

AirBit Club execs face decades in prison after pleading guilty to $100M fraud Operators of a $100 million crypto "Ponzi scheme" have pled guilty to fraud and money laundering charges. The operators traveled to four different continents to host “lavish expos” for the purpose of convincing investors to buy fraudulent memberships.

The decision to end its loan facilities with Silvergate Bank follows a shift in Marathon’s long-term financial strategy to build liquidity.

Marathon Digital terminates credit facilities with Silvergate Bank Bitcoin miner Marathon Digital Holdings has terminated its revolving line of credit and repaid its term loan with the crypto-friendly Silvergate Bank.

F***y Lakoubay, the founder of art advisory and agency LAL Art, talked to Decrypt's Liam Kelly at NFT Paris about what LAL Art does, how it works with artists, museums, directors, and galleries, and why artists in Web3 have to "reinvent themselves every six months."

Why LAL Art Has 'No Interest In Just Putting the Traditional Art Market on the Blockchain' - Decrypt F***y Lakoubay, the founder of art advisory and agency LAL Art, talked to Decrypt's Liam Kelly at NFT Paris about what LAL Art does, how it works with artists, museums, directors, and galleries, and why artists have to "reinvent themselves every six months."

Rostin Behnam parts ways with his SEC counterpart over federal jurisdiction over ETH.

CFTC Chair Says Ethereum Is a Commodity—Despite Gensler’s ‘Bitcoin Only’ Position - Decrypt Rostin Behnam parts ways with his SEC counterpart over whether Ethereum is a security and subject to federal regulation.

The studio is working with FIFA and plans to build Web3 games with the support of pro soccer superstar Lionel Messi.

Lionel Messi Backs Web3 Soccer Game Startup Matchday in $21M Round - Decrypt

Anjali Young, the co-founder of Abridged and Collab.Land, talked to Decrypt's Jason Nelson at ETH Denver about the origins of Collab.Land and says it erupted thanks to Covid, which created not just new interest in crypto but the need for better tools for DAO member collaboration.

Collab.Land Grew 'Because of Covid' Creating Need for DAO Tools: Co-founder Anjali Young - Decrypt

Citing regulatory headwinds and the bear market, Silvergate Capital announced it is shuttering Silvergate Bank.

'Crypto Friendly' Bank Silvergate to Wind Down Operations - Decrypt