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CBDCs Could Need Global Regulation, EU Commissioner Says

November 7, 2022 by

Paolo Gentiloni says a series of international agreements might be needed to stop state-backed digital currencies from infringing sovereignty.

Categories CoinDesk, Crypto Leave a comment

In Praise of White-Hat Hackers, But Overreliance Is Foolish

November 7, 2022 by

A white hat Nomad exploiter says stronger incentives are needed to reward the good Samaritans who help protocols identify and patch vulnerabilities.

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FTX addresses user withdrawal complaints amid major token movement

November 7, 2022 by

The exchange assured users in a series of Tweets that withdrawals should be moving along and matching engines are running as they should, though some users didn’t buy it.

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Crypto Exchange Coinmetro Eyes US, Europe Expansion With $7M Funding Round

November 7, 2022 by

The interim funding round values the business at 180 million euros.

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Bernstein Says Polygon Blockchain Is the Web3 King

November 7, 2022 by

The Polygon team has hired talent from large global tech companies and reached out to brands with many consumers.

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Deribit hackers move stolen Ether to Tornado Cash crypto mixer

November 7, 2022 by

The Deribit hot wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan.

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Gala token exploit ‘not a white hat act’: Huobi Global

November 7, 2022 by

Huobi claimed that calling the incident a white hat move was only pNetwork’s excuse to avoid legal sanctions.

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USDC Issuer Circle to Add Solana Support for Euro Coin in 2023

November 7, 2022 by

Stablecoin issuer Circle said it will add support for Euro Coin on the Solana blockchain early next year.

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Stablecoin Issuer Paxos Plans to Hire at Least 130 in Singapore: Report

November 7, 2022 by

Paxos plans to make at least 130 hires in Singapore having obtained a central bank license to offer crypto products and services, Bloomberg reported Monday.

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Wuhan omits NFTs from metaverse plan amid regulatory uncertainty in China

November 7, 2022 by

The Chinese government has shown a keen interest in developing a metaverse economy, but its stance on NFTs hasn’t been very clear.

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FTX Token price risks 30% plunge as a 23M FTT ‘part’ moves to Binance

November 7, 2022 by

Alameda Research reportedly obtained $2.2 billion worth of loans using FTT as collateral, a token created by cryptocurrency exchange FTX.

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Crypto no more in top 10 most-cited potential risks: US central bank report

November 7, 2022 by

The U.S.-China tensions, the Russia-Ukraine war, higher energy prices, rising inflation, the COVID-19 pandemic and cyberattacks came out as some of the most pressing financial risk concerns.

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Bitcoin Miner Hive Blockchain Holds $68M of BTC, Has no Debt Costs on Equipment

November 7, 2022 by

Canadian Bitcoin miner HIVE Blockchain currently holds 3,311 bitcoin worth $68.8 million, according to a production report released Monday.

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Funding rates hit 6-month high before CPI — 5 things to know in Bitcoin this week

November 7, 2022 by

Signs that market optimism is running away with itself come ahead of the U.S. midterm elections and key economic data.

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Open Interest in FTT Futures Doubles as Binance Moves to Liquidate FTX Token Holdings

November 7, 2022 by

Open interest has doubled to $203 million, with bearish bets in demand, as Binance’s entry into the FTX-Alameda drama has caused panic among investors.

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Solana’s co-founder addresses the blockchain’s reliability at Breakpoint

November 7, 2022 by

In 2022 the blockchain has suffered from ten partial or full outages along with slow block times and Solana’s co-founder said it’s “not the experience that we want to deliver.”

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Vitalik reveals a new phase in the Ethereum roadmap: ‘The Scourge’

November 7, 2022 by

The remaining milestones of the Ethereum roadmap consist of The Surge, The Scourge, The Verge, The Purge and The Splurge.

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Ex-House Speaker, Former Justice Official Join US Policy Crew Assembled by Paradigm

November 7, 2022 by

Paul Ryan, the former speaker of the U.S. House of Representatives, will join past leaders of both parties’ congressional campaign committees in a group formed by Paradigm in a bid to help shape the crypto policies coming out of Washington, company officials said.

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FTT-Alameda Drama Weighs on Market as Asia Begins its Week

November 7, 2022 by

FTT, SOL, and BNB all begin the week in the red as the market digests Alameda’s questionable financial position.

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OpenSea launches new “on-chain” tool to enforce NFT royalties

November 7, 2022 by

Royalty enforcement tool only applies to new NFT collections at this stage, with a decision to be made on existing collections at a later date.

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SBF has been a ‘significant donor’ in the US midterm elections

November 7, 2022 by

The FTX founder has reportedly spent almost $40 million mainly supporting Democrats during the current political cycle, according to Open Secrets.

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Meta reportedly plans ‘large-scale layoffs,’ but what of its metaverse division?

November 7, 2022 by

As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division.

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Binance to liquidate its entire FTX Token holdings after ‘recent revelations’

November 7, 2022 by

Binance CEO Changpeng Zhao cited “recent revelations” as the reason for the liquidation, noting the sale of its tokens could take months to complete due to the size of its position.

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First Mover Asia: SBF Talks Consumer Protection and Crypto Titans Clash

November 7, 2022 by

Consumer protection and regulation are key ingredients to transforming digital assets into an asset class worth trillions. The FTX exchange’s Sam Bankman-Fried weighs in. Meanwhile, FTX’s FTT token takes a dive after rival Binance announces plans to dump its remaining holdings.

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Founders should consider VC firms their allies as they build in the bear market

November 6, 2022 by

Venture capital firms offer value to startups beyond simply cash. They also bring business experience, broad networks and critical services to the table.

Categories CoinTelegraph, Crypto Leave a comment

What are crypto whale trackers and how do they work?

November 6, 2022 by

Crypto whale action can affect the price of cryptocurrencies and tracking these whales can offer invaluable and timely insights into price movements.

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Binance to Sell Rest of FTX Token Holdings as Alameda CEO Defends Firm’s Financial Condition

November 6, 2022 by

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Why banking uses at least 56 times more energy than Bitcoin

November 6, 2022 by

“Bitcoin uses 0.05% of world energy consumption. Banking uses 56 times more energy than Bitcoin,” Michel Khazzaka, a cybersecurity engineer and cryptographer, told Cointelegraph.

Categories CoinTelegraph, Crypto Leave a comment

Bitcoin (Magic Internet Money!) Again Proves Less Volatile Than Stocks

November 6, 2022 by

The Federal Reserve stirred up markets last week, but bitcoin was less reactive than plain old stocks. Crypto Long & Short is CoinDesk’s weekly newsletter featuring insights, news and analysis for the professional investor.

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DeFi at the crossroads of the trucking industry to ensure efficient payments

November 6, 2022 by

A handful of organizations are combining crypto with decentralized finance models to create better payment systems for trucking companies.

Categories CoinTelegraph, Crypto Leave a comment
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