Basel Committee to consider disclosure requirements for banks’ crypto assets
Blog iconAykan
Oct 6
The fallout from the banking crisis earlier this year continues as the Basel Committee on Banking Supervision considers requiring banks to disclose their crypto asset holdings. The committee, which operates under the aegis of the Bank for International Settlements, identified holding crypto as one of the factors that led to the demise of several banks in March. At its meeting on Oct. 4–5, the committee looked at the causes behind the failures of Silicon Valley Bank, Signature Bank of New York...

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Paxos confirms it’s responsible for paying a $500K Bitcoin transaction fee

Paxos confirms it’s responsible for paying a $500K Bitcoin transaction fee

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Why is Bitcoin price up today?

Hong Kong and Macau police seize over $2.8M related to JPEX fraud case

Hong Kong and Macau police seize over $2.8M related to JPEX fraud case

hi How much is Bitcoin worth today?

hi How much is Bitcoin worth today?

Curve Finance vows to reimburse users after $62M hack

Curve Finance vows to reimburse users after $62M hack

Real estate or Bitcoin: Which is more reliable?

Real estate or Bitcoin: Which is more reliable?

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Hong Kong and Macau police seize over $2.8M related to JPEX fraud case
Blog iconAykan
Sep 29
Reintroduced in July 2023, the legislation in its current form intends to crack down on noncustodial digital wallets and extend Bank Secrecy Act responsibilities, among other legal measures, to fight the illicit use of digital money. "For awhile now, we've been spending way more money than we earn, investing in the next evolution of Epic and Fortnite" pic.twitter.com/4W6Pn31CU3 — Jake Lucky (@JakeSucky) September 28, 2023While Sweeney credited the company’s recent growth to the Fortnite ...
hi How much is Bitcoin worth today?
Blog iconAykan
Sep 25
international cards. Source: e-CNY app According to a number of local Chinese news outlets, the latest version of the e-CNY app coincides with the start of the Asian Games. China has extensively trialed using the digital yuan as a payment option for foreigners visiting the country. According to Yicai, the Beijing Winter Olympics in 2022 marked the beginning of the CBDC pilot being open for tourists as a means to transact with local merchants using e-CNY. Inbound tourists are reportedly able t...
Price analysis 9/25: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, TON, SOL
Blog iconAykan
Sep 25
Xiaodong Feng, Mixin's founder, immediately outlined a compensation plan but would only reimburse up to 50% of users' assets for now. “Bitcoin failed to break through local resistance in the form of a descending trend line, and it looks like a little bearish right shoulder may form,” analyst BaroVirtual, an ambassador for on-chain data platform Whalemap, summarized. BaroVirtual uploaded a daily chart snapshot to X (formerly Twitter), showing a potential head-and-shoulders formation ...
Mixin Network hack drains $200M from mainnet assets
Blog iconAykan
Sep 25
Meanwhile, Lazarus crypto wallets are still highly active, with the most recent transaction being recorded on Sept. 20. 21.co also noted that the group’s holdings are likely to be much higher than what has been reported. “We should note that this is a lower-bound estimation of Lazarus Group’s crypto holdings based on publicly available information,” it stated. Related: 3 steps crypto investors can take to avoid hacks by the Lazarus Group On Sept. 13, Cointelegraph reported that Lazarus Group ...
BTC price tracks $26.5K as Bitcoin speculator supply hits 12-year low
Blog iconAykan
Sep 25
$BTC Aggregate CVDs & Deltaloading the sunday liquidity hunt... pic.twitter.com/qFD1dtDGHO — Skew Δ (@52kskew) September 23, 2023 Short-term holders (STHs), the cohort of Bitcoin investors who have held their coins for 155 days or less, now control less of the available BTC supply than at any point in over a decade. Highlighting data from on-chain analytics firm Glassnode, CryptoCon described STH holdings as a “fine powder.” “In other words, there are more strong Bitcoin holders than ever bef...
plsThis DeFi ‘super platform’ improves onboarding to accelerate mass adoption
Blog iconAykan
Sep 23
Despite its undeniable potential, DeFi has a significant problem to overcome before achieving mass adoption: fragmentation. This fragmentation results from an acute lack of interoperability between major decentralized networks and specific DeFi use cases. Communication between the growing number of DeFi applications is quite fragile, forcing users to register multiple platforms, buy multiple utility and governance tokens, and share their wallet permission with many decentralized applications ...
Real estate or Bitcoin: Which is more reliable?
Blog iconAykan
Sep 23
Pechman notes that not all cryptocurrencies seek growth through user bases and fees. Bitcoin can operate as a transparent reserve system for banks and nations, issuing Bitcoin-backed digital assets without requiring a billion users. This shift in perspective highlights the need for a reliable store of value. Unlike precious metals with auditing challenges, Bitcoin and cryptocurrencies can fill this role regardless of everyday user adoption. On this week’s episode of Macro Markets, Cointelegra...
From Bitcoin Market to Web3 colonies: How crypto exchanges have evolved over the years
Blog iconAykan
Sep 23
Phemex offers its users the benefits of CEXs, such as robust liquidity, an intuitive user experience, and flexible on- and off-ramps. Beginning in April 2023, the exchange signaled its move toward decentralization and introduced its Web3 ecosystem Phemexia, where holders of the non-tradable soul-bound token Phemex Soul Pass can unlock DeFi opportunities. However different CEXs and DEXs might seem from the current perspective, the timelines of their evolution overlapped a few times, making the...
Thailand to start taxing overseas income next year, including from crypto
Blog iconAykan
Sep 19
However, the trend for tight scrutiny over the crypto industry might change with the recent election of the new prime minister. Real estate tycoon Srettha Thavisin, elected to lead the Thai parliament, participated in a $225-million raise for a crypto-friendly investment management firm, XSpring Capital, and even issued its own token through XSpring in 2022. Thailand’s Revenue Department is planning to impose personal income tax on the foreign revenues, including those made from crypto tradin...
Tether authorizes $1B USDT to ‘replenish’ Tron network
Blog iconAykan
Sep 19
Tether has seen its market capitalization tip past $83 billion in 2023, having minted some $16 billion in USDT since January. USDT remains the leading United States dollar-pegged stablecoin by market capitalization. As per Tether’s official FAQ page, “authorized but not issued” USDT is required to secure the creation and issuance process of tokens:“By creating ‘authorized but not issued’ USDT, Tether limits the number of times Tether’s signers need to access their authorization private keys, ...
Judges weigh early release for Sam Bankman-Fried as lawyers push First Amendment issues: Report
Blog iconAykan
Sep 19
ankman-Fried has argued his time in jail violated his First Amendment rights and impaired his ability to properly prepare for his trial, scheduled to begin on Oct. 3. A judge denied his lawyers' initial appeal for release on Sept. 6, prompting the move to the three-judge panel. It's unclear when the panel will reach a decision on the former FTX CEO's release, likely one of his last opportunities to be freed ahead of trial. A three-judge panel from the United States Court of App...
Paxos confirms it’s responsible for paying a $500K Bitcoin transaction fee
Blog iconAykan
Sep 17
According to Mononaut, the sending account, bc1qr35hws365juz5rtlsjtvmulu97957kqvr3zpw3, had exhibited behavior that “closely matches the behavior of a now inactive wallet [bc1qhs3gptkxem5y7yaq2yg0un2m8hae6wt87gkx4n].” This inactive address was labeled “Paypal” by blockchain analytics platform OXT. To add further evidence for their hypothesis, Mononaut pointed out that this old wallet address transferred its funds to the new address through an intermediate account. Bitcoin blockchain data show...