The BitDAO community’s proposal on the BIT buyback plan has opened for voting, which is intended as part of its DAO deployment strategy plan. The proposal proposes to set a daily target purchase amount (TDPA) of 2 million USDT for 50 days starting from January 1, 2023 (a total of 100 million USDT). After purchasing BIT, the BitDAO treasury will still hold USD 300 million in USDT/USDC and 270,000 ETH (approximately USD 345 million). The proposal states that this should be enough to cover more ...

The BitDAO community’s proposal on the BIT buyback plan has opened for voting, which is intended as part of its DAO deployment strategy plan. The proposal proposes to set a daily target purchase amount (TDPA) of 2 million USDT for 50 days starting from January 1, 2023 (a total of 100 million USDT). After purchasing BIT, the BitDAO treasury will still hold USD 300 million in USDT/USDC and 270,000 ETH (approximately USD 345 million). The proposal states that this should be enough to cover more ...

Bitcoin ( BTC$20,193) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses.Economic data for Q3, 2022 saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction.Bitcoin hodlers shrug off Q3 tech resultsThe largest cryptocurrency shed around $800 over Oct. 27, or 3.8%, after hitting its highest levels in six weeks.At the time of writing, Bitcoin was still around $20,200, offering more consolidatory trading behavior than a major correct...

Bitcoin ( BTC$20,193) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses.Economic data for Q3, 2022 saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction.Bitcoin hodlers shrug off Q3 tech resultsThe largest cryptocurrency shed around $800 over Oct. 27, or 3.8%, after hitting its highest levels in six weeks.At the time of writing, Bitcoin was still around $20,200, offering more consolidatory trading behavior than a major correct...

According to crypto KOL @Wall Street Silver, the US FBI is looking for Alameda's other co-CEO Sam Trabucco and director of engineering Nishad Singh. Sam Trabucco served as co-CEO of Alameda alongside Caroline Ellison until August 2022, when he will step down as an advisor. There is alleged evidence that he may have played a key role in the FTX affair. Sam Trabucco was present when Caroline Ellison pleaded guilty to many of the misconducts that occurred in 2019, and it’s worth noting that...

According to crypto KOL @Wall Street Silver, the US FBI is looking for Alameda's other co-CEO Sam Trabucco and director of engineering Nishad Singh. Sam Trabucco served as co-CEO of Alameda alongside Caroline Ellison until August 2022, when he will step down as an advisor. There is alleged evidence that he may have played a key role in the FTX affair. Sam Trabucco was present when Caroline Ellison pleaded guilty to many of the misconducts that occurred in 2019, and it’s worth noting that...

On Oct 24, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investment products saw $5 million worth of cumulative outflows last week in a continuation of what it calls an “apathetic period” that began in September 2022. Most notably, investment product volumes dropped to $758 million during the week, the lowest since October 2020 and far below the weekly average of $7 billion around this time last year when ...

On Oct 24, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investment products saw $5 million worth of cumulative outflows last week in a continuation of what it calls an “apathetic period” that began in September 2022. Most notably, investment product volumes dropped to $758 million during the week, the lowest since October 2020 and far below the weekly average of $7 billion around this time last year when ...

Crypto platform Freeway has halted some of its services, citing "unprecedented volatility" in the foreign exchange and cryptocurrency markets in “recent times.” In an Oct. 23 post, the platform announced they are halting buys, deposits and will "not be buying Supercharger simulations until our new strategies are implemented." According to the Freeway website, their "Superchargers" product can offer up to 43% annual yield rewards. Users can deposit fiat currencies and crypto, which are placed ...

Crypto platform Freeway has halted some of its services, citing "unprecedented volatility" in the foreign exchange and cryptocurrency markets in “recent times.” In an Oct. 23 post, the platform announced they are halting buys, deposits and will "not be buying Supercharger simulations until our new strategies are implemented." According to the Freeway website, their "Superchargers" product can offer up to 43% annual yield rewards. Users can deposit fiat currencies and crypto, which are placed ...

An amendment to the Financial Services and Markets Bill now before the United Kingdom's Parliament would extend the law’s powers to regulate financial promotion and other activities to crypto assets. The amendment was written by Member of Parliament and Financial Secretary to the Treasury Andrew Griffith. The 335-page bill was introduced in July and had its second reading in the House of Commons on Sept. 7. According to the explanatory statement accompanying the amendment, it would: “[.....

An amendment to the Financial Services and Markets Bill now before the United Kingdom's Parliament would extend the law’s powers to regulate financial promotion and other activities to crypto assets. The amendment was written by Member of Parliament and Financial Secretary to the Treasury Andrew Griffith. The 335-page bill was introduced in July and had its second reading in the House of Commons on Sept. 7. According to the explanatory statement accompanying the amendment, it would: “[.....

Acting Federal Deposit Insurance Corporation chairman Martin Gruenberg said the agency needs more information about crypto, and the crypto industry needs to understand the FDIC better. Acting United States Federal Deposit Insurance Corporation chairman Martin Gruenberg spoke on Oct. 20 about possible applications of stablecoins and the FDIC’s approach to banks considering engaging in crypto-asset-related activities. Although he saw no evidence of their value, Gruenberg conceded that payment s...

Acting Federal Deposit Insurance Corporation chairman Martin Gruenberg said the agency needs more information about crypto, and the crypto industry needs to understand the FDIC better. Acting United States Federal Deposit Insurance Corporation chairman Martin Gruenberg spoke on Oct. 20 about possible applications of stablecoins and the FDIC’s approach to banks considering engaging in crypto-asset-related activities. Although he saw no evidence of their value, Gruenberg conceded that payment s...

The Sushi DAO, the decentralized autonomous organization behind crypto exchange SushiSwap, has approved a legal restructuring on Oct. 26 that creates three new decentralized entities, aiming to provide more flexibility to its operations. The proposal, which received 100% votes in favor, will create the DAO Foundation, Panamanian Foundation, and Panamanian Corporation, each serving different purposes. Among other things, the DAO Foundation will be able to administer treasury, grants and on-cha...

The Sushi DAO, the decentralized autonomous organization behind crypto exchange SushiSwap, has approved a legal restructuring on Oct. 26 that creates three new decentralized entities, aiming to provide more flexibility to its operations. The proposal, which received 100% votes in favor, will create the DAO Foundation, Panamanian Foundation, and Panamanian Corporation, each serving different purposes. Among other things, the DAO Foundation will be able to administer treasury, grants and on-cha...

The lack of regulation and good governance in the crypto sector is more than a hindrance to businesses and lack of protection for users, it is an existential threat, Bank of England Financial Policy Committee external member Carolyn Wilkins said in a talk on Oct. 19. Decentralized finance (DeFi) would be a good place to start getting affairs in order, she said. Speaking at the University College London Centre for Blockchain Technologies, Wilkins said that the most common complaints about scam...

The lack of regulation and good governance in the crypto sector is more than a hindrance to businesses and lack of protection for users, it is an existential threat, Bank of England Financial Policy Committee external member Carolyn Wilkins said in a talk on Oct. 19. Decentralized finance (DeFi) would be a good place to start getting affairs in order, she said. Speaking at the University College London Centre for Blockchain Technologies, Wilkins said that the most common complaints about scam...

Bitcoin (BTC $19,330 BTC $19,330 ) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on four different occasions after BTC tested levels below $18,500 during that period. Bitcoin/USD price index, 12-hour chart. Source: TradingViewInvestors are still unsure whether $18,200 was really the bottom because the support level weakens each time it is tested. That is why it’s important for bull...

Bitcoin (BTC $19,330 BTC $19,330 ) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on four different occasions after BTC tested levels below $18,500 during that period. Bitcoin/USD price index, 12-hour chart. Source: TradingViewInvestors are still unsure whether $18,200 was really the bottom because the support level weakens each time it is tested. That is why it’s important for bull...

A marked hostility toward new and emerging Web3 technologies like cryptocurrencies runs the risk of costing Japan its place as the world’s gaming capital. We’re getting dangerously close to the point of no return, and here’s why. Nobody can be sure where the country’s antagonism to crypto originated or why it still persists even after the nonfungible token (NFT) and crypto “boom” of 2021, which took off in a major global way and prompted officials in the United States and Europe to backtrack ...

A marked hostility toward new and emerging Web3 technologies like cryptocurrencies runs the risk of costing Japan its place as the world’s gaming capital. We’re getting dangerously close to the point of no return, and here’s why. Nobody can be sure where the country’s antagonism to crypto originated or why it still persists even after the nonfungible token (NFT) and crypto “boom” of 2021, which took off in a major global way and prompted officials in the United States and Europe to backtrack ...

Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed. With the pause, users will not be able to deposit Yearn.finance’s YFI ( YFI $8,126 ), 0x’s ZRX, Basic Attention Token (BAT) and Maker’s MKR ( MKR $968 ) as col...

Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed. With the pause, users will not be able to deposit Yearn.finance’s YFI ( YFI $8,126 ), 0x’s ZRX, Basic Attention Token (BAT) and Maker’s MKR ( MKR $968 ) as col...