BlockFi denies repayment entitlement to FTX and 3AC | Curated CoinCodeCap #23 August 2023
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
BlockFi denies repayment entitlement to FTX and 3AC
BlockFi claims it is not responsible for FTX and 3AC’s fraud and thus refuses to refund them.
The hedge fund contends that BlockFi’s efforts to minimise its claims may violate the bankruptcy protection granted for Chapter 15 protection. Keep Reading »
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Australia Explores CBDC for Payments and Tokenization; Implementation Could Take Some Years
Australia’s central bank has finished testing a central bank digital currency (CBDC) and found it helpful in four key areas, including facilitating complex payments and asset tokenization.
Programmability was also noted as a benefit CBDC might provide since it could boost productivity and lower risk in various intricate corporate operations. Keep Reading »
Ex-Chinese Official Receives Life Sentence for BTC Mining-Related Crime
Xiao Yi allegedly concealed the true extent of the mining operation’s energy consumption.
Yi is sentenced to life imprisonment and has had all personal property confiscated Keep Reading »
Ex-OpenSea Executive Sentenced to 3 Months in Prison and $50K Fine for Insider Trading
The former OpenSea product manager was given a three-month prison term for money laundering and wire fraud connected to insider trading.
Nathaniel Chastain would have to turn himself in on November 2; however, his attorneys intended to file an appeal and ask for bail. Keep Reading »
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Crypto Advocacy Group Coin Center Proposes Tax Reforms for Digital Assets
In a letter, Coin Center outlined a set of key suggestions that could significantly shape the regulatory landscape for crypto within the US.
Coin Center advocated for refining the definition of a broker provided by the IRS Keep Reading »
Coinbase acquires Equity stake in Circle, Centre Consortium dissolved
Centre Consortium, responsible for overseeing USDC will be dissolved
USD Coin is set to be embraced by six new blockchains in the coming months Keep Reading »
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SEC Lawsuit Against Terraform Labs Stands as Judge Rejects Dismissal
A federal judge rejected Terraform Labs’ request to dismiss the SEC’s lawsuit against it.
The court declined to distinguish between MIR and LUNA coins depending on how they were sold. Keep Reading »
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Market Updates
OwlDAO Crypto: High-Returns Gambling Crypto
OwlDAO is a decentralized autonomous organization that aims to create the best web 3.0 casino solution for the crypto community.
OwlDAO leverages the power of blockchain, smart contracts, and tokenomics to provide a secure, fair, and transparent gaming experience for players and operators. Keep Reading »
YGG Crypto: Earn Big With this Play-To-Earn Crypto
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that invests in virtual world non-fungible tokens (NFTs) and enables its members to earn income by playing blockchain-based games.
In this article, we will explore the origin, key features, latest price analysis, and future prospects of YGG Crypto. Keep Reading »
GMX Crypto: This Crypto can make you RICH!
GMX Crypto is a new cryptocurrency that aims to revolutionize the decentralized exchange (DEX) market by offering high-speed, low-cost, and scalable trading solutions. GMX claims to be the first DEX to support both spot and perpetual contracts and leverage up to 30x.
GMX also boasts a unique tokenomics model that rewards users for holding and staking GMX tokens, as well as for providing liquidity and trading on the platform. Keep Reading »
Bitcoin Halving Near: Can BTC reach $46,000?
Bitcoin, the world’s first and most popular cryptocurrency, has been on a roller coaster ride since its inception in 2009. From being worth almost nothing to reaching an all-time high of nearly $69,000 in November 2021, Bitcoin has experienced many ups and downs along the way.
In this article, we will explore some of the factors that have influenced Bitcoin’s price movements, as well as what the future may hold for this digital asset. Keep Reading »
3 Main Reasons Why You Should Use An Automated Cryptocurrency Trading Bot
A crypto trading bot automatically executes orders without your manual intervention. With the trading process being fully automated, there is no need for constant monitoring of the cryptocurrency market. A trading bot will enter and exit the trades whenever certain circumstances and conditions are met. Furthermore, an automated bot works around the clock and helps you to earn profits even while you are asleep. Keep Reading »
Top 15 Crypto Media PR Agencies in 2023
The crypto industry is booming, with new projects, innovations, and trends emerging every day. However, to stand out from the crowd and reach your target audience, you need a solid crypto media PR strategy that can help you generate awareness, credibility, and trust for your brand. Keep Reading »
Top 3 Undervalued Cryptos to Buy for the Long Term
Cryptocurrencies are one of the most exciting and innovative forms of investment in the digital age. However, with thousands of coins and tokens available in the market, it can be hard to find the ones that have the most potential for growth and profitability.
In this article, we will introduce you to three undervalued cryptos that are worth buying for the long term. These are Holo (HOT), Tellor (TRB) and My Neighbor Alice (ALICE). Keep Reading »
Top 3 Penny Crypto Set to Breach $1: MAGIC, GHST, and MATIC
The crypto market is full of surprises and opportunities. New projects emerge daily with innovative ideas and solutions that can disrupt various industries and sectors. Some of these projects have the potential to become the next big thing in the crypto space and generate massive returns for their investors.
However, finding these hidden gems is not easy. You must do your research, analysis, and due diligence before investing in any crypto project. You must also be aware of the risks and challenges in the crypto market, such as volatility, regulation, competition, and hacking. Keep Reading »
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