Bomoz

⏳ [Crypto Weekly Digest] #17

Top Stories in Crypto: Crypto market sees bank failures, hack, Uniswap expansion and a new private placement fund launched by Ark Invest amidst market turmoil. 🔎 Let’s break into it 👇

1/ USDC Stablecoin Depegged
Silicon Valley Bank's shutdown affected Circle's USDC, which confirmed to hold $3.3B of USDC reserves in the bank, causing a 13% drop in value and exchange suspensions. USDC has since regained its peg.

2/ Arbitrum Airdrops ARB Token, Transitions to DAO
, Ethereum’s leading layer 2 network, will airdrop its new $ARB token to allow community members to vote on network changes as part of its transition to a DAO.

3/ Euler Finance Suffers $197M DeFi Hack
DeFi lender Finance suffers flash loan exploit worth $197M, attacker drained $DAI, $WBTC, $stETH, and $USDC.

4/ Uniswap Launches on BNB Chain
Decentralized exchange , known for its services on the Ethereum blockchain, has officially launched on the Smart Chain, following a successful vote on the Plasma network's proposal.

5/ ARK Invest Launches New Crypto Fund
Invest launches $16M private placement crypto fund amidst market turmoil. Ark CEO’s Cathie Wood is bullish on crypto despite bank failures and regulatory uncertainty.

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⏳ [Crypto Weekly Digest] #15

Top Stories in Crypto: Crypto Bank Silvergate faces client exodus, FTX admits to $8.9B missing customer funds, HSBC bans crypto credit card purchases, French enhanced crypto registration voted, Coinbase lists $EUROC stablecoin! 🔎 Let’s break into it 👇

1/ Crypto Bank Silvergate Sees Client Exodus 🏃‍♂️
Silvergate Bank has lost major cryptocurrency clients after they halted transfers via its payment platform, causing a significant drop in the bank's share value. The bank is reviewing its ability to remain in business after investigations into its relationship with FTX and Alameda Research.

2/ FTX Acknowledges $8.9 Billion in Missing Customer Funds ⚖️
Crypto exchange FTX has confirmed $8.9 billion of customer funds are missing, mainly due to borrowing by Alameda Research. FTX has tracked down $2.7 billion.

3/ HSBC Bans Crypto Credit Card Purchases ❌
HSBC and Nationwide, two UK banks, have banned customers from buying cryptocurrency with credit cards due to regulatory concerns. Nationwide has also imposed a £5,000 daily limit on cryptocurrency purchases with debit cards.

4/ French Enhanced Crypto Registration Voted 🇫🇷
The French National Assembly has approved stricter conditions for crypto market entry. Companies must comply with governance rules, cybersecurity measures and conflict of interest policies to obtain the DASP (PSAN) status. The new law could go into effect in July 2023.

5/ Coinbase Lists $EUROC Stablecoin 💶
Coinbase has listed the Euro-backed stablecoin, $EUROC, issued by Circle, on its exchange. The asset meets Coinbase's standards for legal, compliance and technical security.

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⏳ [Crypto Weekly Digest] #12

Latest headlines in your weekly digest! 🔎 This week, dive into ETH, ADA, DOT & XTZ Staking with Revolut, Tether Reports $700M Profits, Visa Tests Stablecoin Payments, Hermès Wins NFT Trademark Case, Craig Wright's Bitcoin Copyright Claim Rejected. Stay informed, read now! 💻

1/ Revolut Adds Staking for ETH, ADA, DOT & XTZ ⚡️
UK's Revolut now offers staking for ETH, ADA, DOT & XTZ, with potential returns up to 11.65%. Service only available in the UK and select EEA markets.

2/ Tether Reports $700M in Profits in Q4 2022 💸
Despite processing $21B in redemptions, Tether still generates $700M in profits in Q4 22. With exposure to US Treasury Bills, Tether has proven stability and resilience in bear markets.

3/ Visa Tests Stablecoin Payments on Ethereum 🔗
Visa tests accepting payments and payouts on Ethereum via stablecoin USDC; working on evaluating blockchains for security, scalability, interoperability, privacy, and use cases.

4/ Hermès Wins Trademark Case Over NFT ⚖️
Hermès wins $133k lawsuit against creator of unauthorized MetaBirkin NFTs, setting a potential precedent for IP protections in the NFT world. Jury ruled NFTs did not have First Amendment protection.

5/ Craig Wright's Bitcoin Copyright Claim Rejected ❌
Self-proclaimed Bitcoin creator, Craig Wright, loses copyright claim in UK court for Bitcoin Cash. The UK judge finds Bitcoin Cash file format protected by copyright, ruling against Wright's claims of intellectual property rights.

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⏳ [Crypto Weekly Digest] #11

Get the latest crypto buzz with our weekly digest! This week's highlights: German DekaBank enters crypto race, FTX-Alameda sues Voyager for $446M, MakerDAO launches legal defense fund, Binance & Mastercard team up for crypto card in Brazil, and Bitcoin mining difficulty hits a new record. Stay ahead of the game with us! 💰

1/ German DekaBank Joins Crypto Race 🏦
German banking DekaBank to offer crypto services to clients using Swiss custody tech and asset management operations. "Digital assets are a critical part of the future," says DekaBank's product owner.

2/ FTX-Alameda Suing Voyager for $446M ⚖️
Alameda Research sues Voyager Digital for $446M, alleging responsibility for FTX's collapse and insufficient due diligence before lending. Seeks $445.8M in damages and compensation, including legal costs.

3/ MakerDAO launches legal defense fund 🛡️
MakerDAO has established a $5M legal defense fund for its community members, managed by an external technical committee and a controlling committee. The defense fund provides coverage for active MKR holders, Recognized Delegates, and more.

4/ Binance & Mastercard to Launch Crypto Card in Brazil 🇧🇷
The Binance card, issued by Dock, allows exchange users to pay bills and make purchases with crypto in over 90 million Mastercard locations. Real-time conversion of crypto to fiat and 8% cash back in crypto are available.

5/ Bitcoin Mining Difficulty Soars to New Record 📈
Bitcoin's mining difficulty has hit a new all-time high of 39.35 trillion, up 4.68% from 37.59 trillion on Sunday. Despite the increase in difficulty, Bitcoin's price has fallen 39.3% from $38,232 to $23,211. The current hash rate sits at 305.81 EH/s, below its all-time high of 348.7 EH/s.

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⏳ [Crypto Weekly Digest] #10

Get the crypto lowdown with our weekly digest! This week's must-read stories include French lawmakers easing regulations, Gemini's workforce cut, Indonesia reclassifying crypto as securities, Blockstream's funding boost and a surprise Bitcoin takeover of Berlin's iconic TV Tower. Read now 🚀

1/ French Crypto Industry Breathes Easier 🥳
French lawmakers reject mandatory DASP (PSAN) accreditation, offering relief for the country's crypto industry, but caution remains for future regulations.

2/ Gemini Lays off 10% of Staff 🥶
Gemini is laying off 10% of its workforce due to bear market and a dispute with crypto firm Genesis. This marks the third round of layoffs in eight months and SEC has filed a complaint against both firms for unregistered sale of cryptocurrencies.

3/ Indonesia to Classify Crypto as Securities 🇲🇨
Indonesia's new law transfers powers to the Financial Services Authority (OJK) and reclassifies crypto as securities, rather than commodities. This change could broaden the industry's development in the country and subject crypto to securities-related requirements and restrictions.

4/ Blockstream Secures $125M in Funding 💸
Blockstream, a digital asset infrastructure firm, has raised $125M in funding to expand its Bitcoin mining facilities amid high demand for large-scale hosting services.

5/ FUN FACT: Berlin TV Tower Goes Bitcoin 🎈
Looks like Berlin's TV Tower got a Bitcoin makeover! A mysterious Twitter user claimed responsibility and even invited people to come check it out on January 21st. Looks like Bitcoin is taking over iconic landmarks, next stop the Eiffel Tower?

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