Weekly IoE AI
📌 This week's crypto market highlights:
3️⃣ Brazil and Argentina to launch a common currency
3️⃣ Big banks will compete with PayPal
3️⃣ Cointelegraph deletes a post about Binance's insider trading but then restores it
3️⃣ TON might suspend 195 inactive addresses with $2.5bn balance
3️⃣ Binance mistakenly kept customer assets and reserve tokens together and processed $345.8m of Bitzlato's money
3️⃣ Celsius might issue a bankruptcy token
3️⃣ Moody's will score stablecoins
3️⃣ Silvergate suspends preferred dividends
3️⃣ Most people are not willing to trade on relaunched FTX
⏰ Important events next week:
(based on EDT time-zone)
1️⃣ February 1 — Fed statement, and interest rates decision
1️⃣ February 2 — Initial jobless claims
1️⃣ February 3 — Unemployment rate
📌 This week's crypto market highlights:
3️⃣ Brazil and Argentina to launch a common currency
3️⃣ Big banks will compete with PayPal
3️⃣ Cointelegraph deletes a post about Binance's insider trading but then restores it
3️⃣ TON might suspend 195 inactive addresses with $2.5bn balance
3️⃣ Binance mistakenly kept customer assets and reserve tokens together and processed $345.8m of Bitzlato's money
3️⃣ Celsius might issue a bankruptcy token
3️⃣ Moody's will score stablecoins
3️⃣ Silvergate suspends preferred dividends
3️⃣ Most people are not willing to trade on relaunched FTX
⏰ Important events next week:
(based on EDT time-zone)
1️⃣ February 1 — Fed statement, and interest rates decision
1️⃣ February 2 — Initial jobless claims
1️⃣ February 3 — Unemployment rate
The court filing shows that SBF tried to meet FTX replacement CEO John Ray. Below are disclosed private messages from SBF to John Ray:
💬 On December 30:
“I myself can’t access the funds, but I suspect that your team likely has the ability to move and safeguard these funds [...] I would be happy to talk about the ways you likely are able to access them if helpful.”
💬 On January 2:
“I know things haven’t gotten off on the right foot but I really do want to be helpful… I’m in NYC for the next day. I’d love to meet up while I’m here even if just to say hi.”
SBF also contacted FTX US General Counsel Ryne Miller earlier this month.
💬 On December 30:
“I myself can’t access the funds, but I suspect that your team likely has the ability to move and safeguard these funds [...] I would be happy to talk about the ways you likely are able to access them if helpful.”
💬 On January 2:
“I know things haven’t gotten off on the right foot but I really do want to be helpful… I’m in NYC for the next day. I’d love to meet up while I’m here even if just to say hi.”
SBF also contacted FTX US General Counsel Ryne Miller earlier this month.
According to IMF, monetary policy tightening is starting to cool demand and inflation, but the full impact is unlikely to be realized before 2024.
Global headline inflation appears to have peaked in the third quarter of 2022, while the core inflation has not peaked yet in most economies and remains well above pre-pandemic levels.
Global headline inflation appears to have peaked in the third quarter of 2022, while the core inflation has not peaked yet in most economies and remains well above pre-pandemic levels.
Charlie Munger, the 99-year-old partner of Warren Buffet, stressed the need to ban cryptocurrency in the U.S., following the example of China.
Interestingly, just a day before this, an article covered a former advisor to China's central bank, Huang YiPing's position, which supports unbanning crypto in China to not miss out on important opportunities.
Interestingly, just a day before this, an article covered a former advisor to China's central bank, Huang YiPing's position, which supports unbanning crypto in China to not miss out on important opportunities.
The SEC claimed that Do Kwon transferred more than 10,000 Bitcoin from Terraform and other accounts to a wallet that is not hosted on any exchange.
He has been periodically transferring Bitcoin from the wallet to a Swiss bank, and have then converted it into cash. More than $100m in cash had been withdrawn from the bank since June 2022.
He has been periodically transferring Bitcoin from the wallet to a Swiss bank, and have then converted it into cash. More than $100m in cash had been withdrawn from the bank since June 2022.
👮♂️ SEC's Crypto Crackdown. Is it wartime?
Recently, US SEC has been taking actions against crypto exchanges and companies. It's gone after big names like Gemini, Kraken, Paxos, Binance, and Terraform Labs.
We asked Telo subscribers and 67% of the respondents said they don't agree with the SEC's actions against Kraken.
Recently, US SEC has been taking actions against crypto exchanges and companies. It's gone after big names like Gemini, Kraken, Paxos, Binance, and Terraform Labs.
We asked Telo subscribers and 67% of the respondents said they don't agree with the SEC's actions against Kraken.
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💰 COINBASE - 2.23.23
JUST IN: Coinbase just released a teaser via Twitter with no explanation. The video is a blue circle with a date set for February 23, 2023. The crypto community thinks it may be related to Coinbase NFTs. 🤔
Stay tuned for the reveal.🔥
JUST IN: Coinbase just released a teaser via Twitter with no explanation. The video is a blue circle with a date set for February 23, 2023. The crypto community thinks it may be related to Coinbase NFTs. 🤔
Stay tuned for the reveal.🔥
📌 This week's crypto market highlights:
▪️ Regulators ignored Kraken CEO's fraud warnings
▪️ FTX Japan will resume crypto and fiat withdrawals
▪️ Two thirds of Telo subscribers do not agree with US SEC's crypto crackdown
▪️ Stablecoins are a small portion of the global currency circulation, do not meet global financial standards, should not be granted legal tender status
▪️ Average retail crypto investor lost half of their investments
▪️ China informally supports Hong Kong's crypto initiatives
▪️ Bitcoin whale numbers dropped to a minimum since 2019
▪️ Mormon Church hid $23bn in assets
▪️ IEX and Coinbase discuss creating a federal crypto exchange
▪️ Multiple countries test CBDC's
▪️ Dormant wallets with 20% of TON supply voted to be frozen
▪️ EU won't ban anonymous wallets
▪️ Concerns raised about Ethereum's decentralization
▪️ Gensler believes Ethereum could be a security
▪️ US Bitcoin hourly volumes dominate over Asian
▪️ TON ranked 29th most influential blockchain
▪️ Regulators ignored Kraken CEO's fraud warnings
▪️ FTX Japan will resume crypto and fiat withdrawals
▪️ Two thirds of Telo subscribers do not agree with US SEC's crypto crackdown
▪️ Stablecoins are a small portion of the global currency circulation, do not meet global financial standards, should not be granted legal tender status
▪️ Average retail crypto investor lost half of their investments
▪️ China informally supports Hong Kong's crypto initiatives
▪️ Bitcoin whale numbers dropped to a minimum since 2019
▪️ Mormon Church hid $23bn in assets
▪️ IEX and Coinbase discuss creating a federal crypto exchange
▪️ Multiple countries test CBDC's
▪️ Dormant wallets with 20% of TON supply voted to be frozen
▪️ EU won't ban anonymous wallets
▪️ Concerns raised about Ethereum's decentralization
▪️ Gensler believes Ethereum could be a security
▪️ US Bitcoin hourly volumes dominate over Asian
▪️ TON ranked 29th most influential blockchain
The central bank of Ukraine has stated that cryptocurrencies pose a threat to the country's macro-financial stability during the ongoing war.
As a result, it will take a strong position by allowing only Ukrainian hryvnia as the legal means of payment in Ukraine.
However, the bank has promised to continue developing technological innovations related to virtual assets after the war, as it sees great potential associated with crypto.
As a result, it will take a strong position by allowing only Ukrainian hryvnia as the legal means of payment in Ukraine.
However, the bank has promised to continue developing technological innovations related to virtual assets after the war, as it sees great potential associated with crypto.
Amazon is planning to give its customers the ability to purchase NFTs tied to real-world assets that are delivered to their doorstep.
For instance, shoppers would be able to purchase a fashion-oriented NFT tied to a pair of jeans and pay with a credit card.
The feature is estimated to be released on April 24 for US customers only, for the time being.
For instance, shoppers would be able to purchase a fashion-oriented NFT tied to a pair of jeans and pay with a credit card.
The feature is estimated to be released on April 24 for US customers only, for the time being.
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