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Sam Bankman-Fried showered politicians with tens of millions of dollars in campaign contributions before his FTX empire imploded last November. Now, the bankrupt crypto exchange wants that money back.
Source: #Coindesk
#cryptotrading #pumpanddump #dyor
Source: #Coindesk
#cryptotrading #pumpanddump #dyor
📢#Genesis owes over $3.5B to top 50 creditors.
Crypto exchange Gemini, trading giant Cumberland, Mirana, MoonAlpha Finance and VanEck’s New Finance Income Fund are among the fifty largest Genesis creditors, according to a bankruptcy filing.
#crypto2023
Source: #Coindesk
Crypto exchange Gemini, trading giant Cumberland, Mirana, MoonAlpha Finance and VanEck’s New Finance Income Fund are among the fifty largest Genesis creditors, according to a bankruptcy filing.
#crypto2023
Source: #Coindesk
📢The person that exploited Solana-based decentralized exchange #Raydium has sent $2.7 million in ethereum to now-sanctioned coin mixing protocol #TornadoCash .
Source: #Coindesk
#solana
Source: #Coindesk
#solana
📢Square Enix, the parent of the popular Final #Fantasy video games, said it will focus on #blockchain entertainment in 2023.
Source: #Coindesk
Source: #Coindesk
💥Sam Bankman-Fried’s Alameda Research secretly funded crypto media site The Block and Its CEO.
CEO Michael McCaffrey has resigned as a result of the loans coming to light.
Source:#Coindesk
CEO Michael McCaffrey has resigned as a result of the loans coming to light.
Source:#Coindesk
The English Premier League has linked up with digital trading card company #Sorare to expand its non-fungible token (NFT) offerings. The deal will last for four years and is worth a total of 120 million British pounds ($150 million).
Source: #Coindesk
#crypto2023 #bearorbull
Source: #Coindesk
#crypto2023 #bearorbull
⚡In Nigeria, a new bill in the works could let local regulators recognize #cryptocurrencies as capital for investment.
#Bitcon #Binance #BNB
Source: #Coindesk
#Bitcon #Binance #BNB
Source: #Coindesk
7 Successful Strategies of Crypto Traders- #Coindesk
1. More breakouts, more signals, more #trades
Adrian Zduńczyk, who runs a trading group called The Birb Nest, has a certain set of rules and signals he uses to enter trades, which are often breakouts.
2. The “moonbag” strategy
This one’s courtesy of Wendy O, former CoinDesker and host of The O Show. If a project that she’s #invested in starts to “moon,” she begins taking profits and then recoups her initial investment.
3. Correlated arbitrage
Paweł Łaskarzewski, who’s indifferent as to bull or bear markets, shares an example of two assets that are correlated in price action. “Tesla goes in the same direction as NASDAQ,”
4. Trading The “Wyckoff Method”
Over 100 years ago, a financial technician named Richard Wyckoff developed a theory that the market moves in cycles, and that understanding these cycles will give signals on when to buy and sell. They’re still used by traders and are known as the Wyckoff market cycle.
5. Trade more than just #crypto
Many crypto traders are also stock traders and forex traders, hunting for the best setups wherever they may appear. “Why limit yourself?” says Łaskarzewski.
6. Use leverage with caution
Several times in our call Wendy O stressed that none of this is financial advice -- so I’ll repeat that message here -- and added that she doesn’t personally use much leverage.
7. Scalping
An oldie but goodie, and a key part of Nomad Fulcurm’s toolkit. “We have night scalpers and day scalpers operating on different timeframes,” says Łaskarzewski. “Hours, minutes, and quarter-hours.” The basic principle: You identify a range where the price has been yo-yoing -- let’s say it tends to bounce up when it hits $15 and then gets “rejected” (moves lower) when it hits $20.
1. More breakouts, more signals, more #trades
Adrian Zduńczyk, who runs a trading group called The Birb Nest, has a certain set of rules and signals he uses to enter trades, which are often breakouts.
2. The “moonbag” strategy
This one’s courtesy of Wendy O, former CoinDesker and host of The O Show. If a project that she’s #invested in starts to “moon,” she begins taking profits and then recoups her initial investment.
3. Correlated arbitrage
Paweł Łaskarzewski, who’s indifferent as to bull or bear markets, shares an example of two assets that are correlated in price action. “Tesla goes in the same direction as NASDAQ,”
4. Trading The “Wyckoff Method”
Over 100 years ago, a financial technician named Richard Wyckoff developed a theory that the market moves in cycles, and that understanding these cycles will give signals on when to buy and sell. They’re still used by traders and are known as the Wyckoff market cycle.
5. Trade more than just #crypto
Many crypto traders are also stock traders and forex traders, hunting for the best setups wherever they may appear. “Why limit yourself?” says Łaskarzewski.
6. Use leverage with caution
Several times in our call Wendy O stressed that none of this is financial advice -- so I’ll repeat that message here -- and added that she doesn’t personally use much leverage.
7. Scalping
An oldie but goodie, and a key part of Nomad Fulcurm’s toolkit. “We have night scalpers and day scalpers operating on different timeframes,” says Łaskarzewski. “Hours, minutes, and quarter-hours.” The basic principle: You identify a range where the price has been yo-yoing -- let’s say it tends to bounce up when it hits $15 and then gets “rejected” (moves lower) when it hits $20.
🗞️ Stablecoin issuer Circle Internet Financial is rebalancing the reserves backing the $30 billion USD Coin (USDC) as it braces for the risk of a U.S. government debt default.
The Circle Reserve Fund, managed by global investment management giant BlackRock, added $8.7 billion in overnight repurchase (repo) agreements to the portfolio as of May 16.
The so-called tri-party repo agreements involve banking giants such as BNP Paribas, Goldman Sachs, Barclays and Royal Bank of Canada.
Source: #Coindesk
#crypto2023 #usdc #feedfeverchallenge
The Circle Reserve Fund, managed by global investment management giant BlackRock, added $8.7 billion in overnight repurchase (repo) agreements to the portfolio as of May 16.
The so-called tri-party repo agreements involve banking giants such as BNP Paribas, Goldman Sachs, Barclays and Royal Bank of Canada.
Source: #Coindesk
#crypto2023 #usdc #feedfeverchallenge
Be Clever: Weather the Tether
What's going on with #Tether right now, and why are people so worried about the largest #stablecoin in crypto? And what happened with its temporary depeg below its normal $1 designed price level?
This isn't the first time Tether has fallen slightly below its price it's relied upon to always rest at. In fact, with a dip to $0.996, most have shrugged this off as just a slight blip that we typically have seen a few times a year since the stablecoin's introduction in 2017. There was a much more concerning drop down to $0.983 in October, 2022.
But regardless, what exactly is happening? Multiple reports came out stating that #Coindesk was provided documents related to Tether's reserves ( #USDT ) after the team at Tether provided financials ordered by the court. Coindesk received the data from the New York Attorney General.
According to the Santiment AI chatbot, available to try on the Santiment Discord server, most social posts reflect concerns still related to USDT's overall #solvency and the non-0% chance of Tether potentially being unable to back the amount of dollars and various crypto being invested into it.
More specifically, however, Tether's team has been spreading a discussion related to an attack on USDT, both on DeFi and centralized exchanges. Tether, in the statement below, seems to allude to the fact that this attack could have been orchestrated by CoinDesk, implying that this happened on the same day that some of their materials were provided to the company. This could be true, and it may not be. But it's clear that the asset and news publication don't have the most rosy relationship with one another.
Source: Tether statement, https://twitter.com/adamscochran: https://twitter.com/adamscochran/status/1669384421428822029
Looking at what impact this depeg and (alleged) "attack" had on the on-chain side of things, we can see that Tether had over $10B in transaction volume Thursday. This was the highest amount of volume in over 3 months, when Tether saw an even larger spike when its price went the opposite direction and jumped to $1.025 for a brief period of time.
The unique amount of USDT tokens being moved also raised eyebrows. Of the $10.02B in transaction volume, 2.39B unique Tether tokens were moved on the network. This was also the highest level since March.
And yes, it appears that many traders got spooked when they saw this latest Tether depegging below $1. A massive realized loss spike showed on the network, indicating a large amount of traders and hodlers disposed of their tokens while the asset's market value took a dip.
And last but not least, take a look at how Tether's supply on exchanges has fallen below 18.7%. We last saw an aggressive dip like this in May, 2020, which ended up being a fantastic time to buy.
All of this said, traders will want to keep a close eye on this Tether story. Often times, one depegging of a highly popular stablecoin is followed by a series of future ones. Especially when the topic of solvency begins to come into the picture.
We will keep our entire community updated on further developments.
-----
Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.
This isn't the first time Tether has fallen slightly below its price it's relied upon to always rest at. In fact, with a dip to $0.996, most have shrugged this off as just a slight blip that we typically have seen a few times a year since the stablecoin's introduction in 2017. There was a much more concerning drop down to $0.983 in October, 2022.
But regardless, what exactly is happening? Multiple reports came out stating that #Coindesk was provided documents related to Tether's reserves ( #USDT ) after the team at Tether provided financials ordered by the court. Coindesk received the data from the New York Attorney General.
According to the Santiment AI chatbot, available to try on the Santiment Discord server, most social posts reflect concerns still related to USDT's overall #solvency and the non-0% chance of Tether potentially being unable to back the amount of dollars and various crypto being invested into it.
More specifically, however, Tether's team has been spreading a discussion related to an attack on USDT, both on DeFi and centralized exchanges. Tether, in the statement below, seems to allude to the fact that this attack could have been orchestrated by CoinDesk, implying that this happened on the same day that some of their materials were provided to the company. This could be true, and it may not be. But it's clear that the asset and news publication don't have the most rosy relationship with one another.
Source: Tether statement, https://twitter.com/adamscochran: https://twitter.com/adamscochran/status/1669384421428822029
Looking at what impact this depeg and (alleged) "attack" had on the on-chain side of things, we can see that Tether had over $10B in transaction volume Thursday. This was the highest amount of volume in over 3 months, when Tether saw an even larger spike when its price went the opposite direction and jumped to $1.025 for a brief period of time.
The unique amount of USDT tokens being moved also raised eyebrows. Of the $10.02B in transaction volume, 2.39B unique Tether tokens were moved on the network. This was also the highest level since March.
And yes, it appears that many traders got spooked when they saw this latest Tether depegging below $1. A massive realized loss spike showed on the network, indicating a large amount of traders and hodlers disposed of their tokens while the asset's market value took a dip.
And last but not least, take a look at how Tether's supply on exchanges has fallen below 18.7%. We last saw an aggressive dip like this in May, 2020, which ended up being a fantastic time to buy.
All of this said, traders will want to keep a close eye on this Tether story. Often times, one depegging of a highly popular stablecoin is followed by a series of future ones. Especially when the topic of solvency begins to come into the picture.
We will keep our entire community updated on further developments.
-----
Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.
#AI #Coindesk #RNDR:
#future_tradin_signal_update
Expectations that a crypto project will be mentioned in an Nvidia (NVDA) conference later this month are driving traders to bid on artificial intelligence (AI)-linked tokens, propelling CoinGecko 's category for the coins up 25% in 24 hours.
Tokens of Fetch.AI (FET), Render Network (RNDR), Sleepless AI (AI) and SingularityNET (AGIX) climbed as much as 40%. These projects claim to utilize AI in various ways, such as providing a virtual companion and being a marketplace for graphic processing cards.
Behind the surge are reports that crypto AI project developers are attending the chipmaker's conference or taking part in panels, according to Lookonchain. The event will be held from March 17-21. The advance compares with bitcoin’s 0.3% increase and a 0.4% gain in the CoinDesk 20, a broad-based liquid index of major tokens.
#future_tradin_signal_update
Expectations that a crypto project will be mentioned in an Nvidia (NVDA) conference later this month are driving traders to bid on artificial intelligence (AI)-linked tokens, propelling CoinGecko 's category for the coins up 25% in 24 hours.
Tokens of Fetch.AI (FET), Render Network (RNDR), Sleepless AI (AI) and SingularityNET (AGIX) climbed as much as 40%. These projects claim to utilize AI in various ways, such as providing a virtual companion and being a marketplace for graphic processing cards.
Behind the surge are reports that crypto AI project developers are attending the chipmaker's conference or taking part in panels, according to Lookonchain. The event will be held from March 17-21. The advance compares with bitcoin’s 0.3% increase and a 0.4% gain in the CoinDesk 20, a broad-based liquid index of major tokens.
BlackRock's Bitcoin Spot ETF (IBIT) Soars Past $2 Billion AUM, Eying the Top Spot Among BTC Spot ETF
1/ 🚀 BlackRock IBIT Hits a Major Milestone: Surpasses $2 Billion in AUM! 🚀
In a groundbreaking achievement, BlackRock's Bitcoin Spot ETF (IBIT) has crossed the $2 billion AUM mark, establishing itself as a leader among recently launched BTC spot products. 📈 #IBIT #Bitcoin
2/ 🌐 Industry Insights: CoinDesk reports IBIT's AUM milestone, excluding Grayscale. Nate Geraci, CEO of ETF Store, notes IBIT's consistent top 3 ranking in asset size among 600+ ETFs launched since 2023. Geraci anticipates IBIT claiming the top spot soon. 🏆 #CryptoNews #ETF
3/ 📈 High Praise for IBIT: Geraci's optimism reflects IBIT's exceptional growth trajectory since launch. Positioned as a frontrunner in the BTC spot ETF space, IBIT's success mirrors the growing interest in Bitcoin-related financial products. 🚀 #Cryptocurrency #Investing
4/ 💡 Key Takeaways: IBIT's ascent to $2 billion AUM highlights market confidence and adoption of BTC spot ETFs. As a key player in this evolving landscape, IBIT's potential to claim the top spot underscores the integration of traditional finance with the digital asset ecosystem. 🌍🔗
#BlackRockCrypto #BTC-ETF #BTCEFTApproval $BTC #Coindesk
In a groundbreaking achievement, BlackRock's Bitcoin Spot ETF (IBIT) has crossed the $2 billion AUM mark, establishing itself as a leader among recently launched BTC spot products. 📈 #IBIT #Bitcoin
2/ 🌐 Industry Insights: CoinDesk reports IBIT's AUM milestone, excluding Grayscale. Nate Geraci, CEO of ETF Store, notes IBIT's consistent top 3 ranking in asset size among 600+ ETFs launched since 2023. Geraci anticipates IBIT claiming the top spot soon. 🏆 #CryptoNews #ETF
3/ 📈 High Praise for IBIT: Geraci's optimism reflects IBIT's exceptional growth trajectory since launch. Positioned as a frontrunner in the BTC spot ETF space, IBIT's success mirrors the growing interest in Bitcoin-related financial products. 🚀 #Cryptocurrency #Investing
4/ 💡 Key Takeaways: IBIT's ascent to $2 billion AUM highlights market confidence and adoption of BTC spot ETFs. As a key player in this evolving landscape, IBIT's potential to claim the top spot underscores the integration of traditional finance with the digital asset ecosystem. 🌍🔗
#BlackRockCrypto #BTC-ETF #BTCEFTApproval $BTC #Coindesk
🚀 Bitcoin News! 🚀
Bitcoin is preparing for a huge change! 💥
The market is getting more liquid, indicating a major shift coming soon..
Source: Conversation with Bing, 2/16/2024
(1) Bitcoin (BTC) is up 12% this month in part due to thin liquidity -CNBC.
(2) What Drives Bitcoin's Price Up or Crashing Down? - #Coindesk
(3) Why Is Bitcoin Going Up? –#Forbes .
#Write2Earn
Bitcoin is preparing for a huge change! 💥
The market is getting more liquid, indicating a major shift coming soon..
Source: Conversation with Bing, 2/16/2024
(1) Bitcoin (BTC) is up 12% this month in part due to thin liquidity -CNBC.
(2) What Drives Bitcoin's Price Up or Crashing Down? - #Coindesk
(3) Why Is Bitcoin Going Up? –#Forbes .
#Write2Earn
Bullish Accelerates Growth with CoinDesk Acquisition. 💳🗞️📮
Bullish, a prominent institutional digital assets exchange, has recently acquired CoinDesk, a leading media, events, and index platform in the finance industry. This strategic move aims to bolster CoinDesk's global presence and enhance its media, events, and indexing businesses. Here are the key highlights:
Leadership Continuity:
CoinDesk will continue to operate independently under the leadership of Kevin Worth and the existing management team, ensuring a seamless transition.
Capital Injection:
Bullish plans to infuse capital into CoinDesk's growth initiatives, enabling the launch of new services, events, and products.
Commitment to Independence:
Bullish emphasizes unwavering support for CoinDesk's journalistic independence, underlining the importance of unbiased reporting in the crypto space.
Editorial Committee Leadership:
Matt Murray, former Editor-in-Chief of The Wall Street Journal, assumes the role of Chair of CoinDesk's Editorial Committee, reinforcing the commitment to editorial excellence.
CoinDesk Indices Strength:
CoinDesk Indices, a leading provider of digital asset indices, continues to innovate with new indicators and expand its global client base.
Award-Winning Media:
CoinDesk Media, known for its award-winning news and analysis, remains a pivotal player in the crypto news landscape, with flagship conferences like Consensus drawing over 15,000 attendees in 2023.
Bullish's Trading Volume Milestone:
Since its launch in November 2021, Bullish has executed over $300 billion in total trading volume, establishing itself as a significant player in the institutional digital assets sector.
Regulatory Compliance:
Regulated by the Gibraltar Financial Services Commission, Bullish ensures best execution trading, deep liquidity, and tight spreads.
Strategic Advisory:
Lazard advised DCG and CoinDesk, while Citi played a key advisory role for Bullish in this transaction.
#Coindesk #DCG #Bullish
Bullish, a prominent institutional digital assets exchange, has recently acquired CoinDesk, a leading media, events, and index platform in the finance industry. This strategic move aims to bolster CoinDesk's global presence and enhance its media, events, and indexing businesses. Here are the key highlights:
Leadership Continuity:
CoinDesk will continue to operate independently under the leadership of Kevin Worth and the existing management team, ensuring a seamless transition.
Capital Injection:
Bullish plans to infuse capital into CoinDesk's growth initiatives, enabling the launch of new services, events, and products.
Commitment to Independence:
Bullish emphasizes unwavering support for CoinDesk's journalistic independence, underlining the importance of unbiased reporting in the crypto space.
Editorial Committee Leadership:
Matt Murray, former Editor-in-Chief of The Wall Street Journal, assumes the role of Chair of CoinDesk's Editorial Committee, reinforcing the commitment to editorial excellence.
CoinDesk Indices Strength:
CoinDesk Indices, a leading provider of digital asset indices, continues to innovate with new indicators and expand its global client base.
Award-Winning Media:
CoinDesk Media, known for its award-winning news and analysis, remains a pivotal player in the crypto news landscape, with flagship conferences like Consensus drawing over 15,000 attendees in 2023.
Bullish's Trading Volume Milestone:
Since its launch in November 2021, Bullish has executed over $300 billion in total trading volume, establishing itself as a significant player in the institutional digital assets sector.
Regulatory Compliance:
Regulated by the Gibraltar Financial Services Commission, Bullish ensures best execution trading, deep liquidity, and tight spreads.
Strategic Advisory:
Lazard advised DCG and CoinDesk, while Citi played a key advisory role for Bullish in this transaction.
#Coindesk #DCG #Bullish
⚡️ Crypto exchange Bullish acquires 100% of CoinDesk from Digital Currency Group
Cryptocurrency exchange Bullish has purchased 100% of CoinDesk from crypto-focused investor Digital Currency Group (DCG) in an all-cash deal. After the deal, CoinDesk will operate as an independent subsidiary of Bullish. Last week, Foresight Ventures bought a majority stake in The Block for a ~$60M deal.
#Coindesk #bulllish #DCG #Media #TheBlock
Cryptocurrency exchange Bullish has purchased 100% of CoinDesk from crypto-focused investor Digital Currency Group (DCG) in an all-cash deal. After the deal, CoinDesk will operate as an independent subsidiary of Bullish. Last week, Foresight Ventures bought a majority stake in The Block for a ~$60M deal.
#Coindesk #bulllish #DCG #Media #TheBlock
#CryptoSCAM #BitcoinSCAM
The US FBI charged six Indians in a million dollar crypto currency SCAM according to media reports.
The six Indians - Shailesh Kumar Goyani, Brijesh Kumar Patel, Nilesh Kumar Patel, Hiren Kumar Patel, Nainesh Kumar Patel and Raju Patel - allegedly operated an illegal $30 million money transmitting business using #Cryptocurrencies , according to #Coindesk report.
As per the FBI's investigation, the six Indians conducted illegal business by using the darknet to convert #Bitcoin $BTC or other Crypto currencies into cash between July 2021 and Sept. 2023.
The US FBI charged six Indians in a million dollar crypto currency SCAM according to media reports.
The six Indians - Shailesh Kumar Goyani, Brijesh Kumar Patel, Nilesh Kumar Patel, Hiren Kumar Patel, Nainesh Kumar Patel and Raju Patel - allegedly operated an illegal $30 million money transmitting business using #Cryptocurrencies , according to #Coindesk report.
As per the FBI's investigation, the six Indians conducted illegal business by using the darknet to convert #Bitcoin $BTC or other Crypto currencies into cash between July 2021 and Sept. 2023.
