Dutch bitcoin exchange Bitvavo claims that Digital Currency Group (DCG) is “experiencing liquidity problems due to the current turbulence in the cryptomarket” and that DCG “has suspended repayments until this liquidity issue has been resolved.”
https://decrypt.co/117506/dutch-bitcoin-exchange-bitvavo-alleges-digital-currency-group-is-having-liquidity-problems
https://decrypt.co/117506/dutch-bitcoin-exchange-bitvavo-alleges-digital-currency-group-is-having-liquidity-problems
Decrypt
Dutch Bitcoin Exchange Bitvavo Alleges Digital Currency Group Is Having ‘Liquidity Problems’ - Decrypt
Dutch Bitcoin exchange Bitvavo says it has 280 million euros stuck with DCG, but DCG has retorted the money is with Genesis, its subsidiary.
Crypto Market Daily Review.
- The market is down today. Market cap is $832B, Bitcoin is trading at $16.7K.
Dropstab.com
- The market is down today. Market cap is $832B, Bitcoin is trading at $16.7K.
Dropstab.com
- The Basel Committee on Banking Supervision has approved its global crypto banking rules, which will come into force on January 1, 2025.
- The “Big Four” accounting firms are “currently unwilling” to conduct proof-of-reserves audits for crypto companies.
- Gearbox trading has started. GEAR price is around $0.03.
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In Nigeria, a new bill in the works could let local regulators recognize cryptocurrencies as capital for investment.
https://www.coindesk.com/policy/2022/12/19/nigeria-to-recognize-crypto-as-investment-capital-report/
https://www.coindesk.com/policy/2022/12/19/nigeria-to-recognize-crypto-as-investment-capital-report/
Coindesk
Nigeria to Recognize Crypto as Investment Capital: Report
A proposed bill will lay out crypto supervisory powers of the Central Bank of Nigeria and the country's securities regulator, an official has said.
Voyager Digital said Binance.US has agreed to buy its assets for $1.022 billion.
https://www.coindesk.com/business/2022/12/19/binanceus-agrees-to-buy-bankrupt-crypto-lender-voyagers-assets-for-over-1b/
https://www.coindesk.com/business/2022/12/19/binanceus-agrees-to-buy-bankrupt-crypto-lender-voyagers-assets-for-over-1b/
CoinDesk
Binance.US Agrees to Buy Voyager's Assets for $1.02B
The agreement comes after CoinDesk had reported last month that Binance was preparing a bid for Voyager's assets.
Bitcoin tooling developer Foundation has raised $7 million in a seed round led by Polychain Capital.
Other investors in the round included Greenfield Capital, Lightning Ventures and Warburg Serres.
https://www.theblock.co/post/196174/polychain-capital-leads-bitcoin-wallet-developer-foundations-7-million-raise
Other investors in the round included Greenfield Capital, Lightning Ventures and Warburg Serres.
https://www.theblock.co/post/196174/polychain-capital-leads-bitcoin-wallet-developer-foundations-7-million-raise
Fireblocks has received the Cryptocurrency Security Standard (CCSS), a first-of-its-kind certification that was built as a security standard for crypto wallets and custody.
https://www.coindesk.com/business/2022/12/19/crypto-custody-tech-provider-fireblocks-receives-first-of-its-kind-security-certificate/
https://www.coindesk.com/business/2022/12/19/crypto-custody-tech-provider-fireblocks-receives-first-of-its-kind-security-certificate/
CoinDesk
Crypto Custody Tech Provider Fireblocks Receives First-of-Its-Kind Security Certificate
The CCSS was created in 2014, but until now no crypto company has met the necessary standards.
Binance has finalized its acquisition of Tokocrypto.
https://www.coindesk.com/business/2022/12/19/binance-finalizes-acquisition-of-indonesian-crypto-trading-firm-tokocrypto/
https://www.coindesk.com/business/2022/12/19/binance-finalizes-acquisition-of-indonesian-crypto-trading-firm-tokocrypto/
Mercedes Benz has filed trademark applications claiming plans for:
▫️NFTs
▫️Virtual clothing + goods
▫️Financial services
▫️Cryptocurrency trading and much more.
https://twitter.com/kondoudislaw/status/1604818886037233665
▫️NFTs
▫️Virtual clothing + goods
▫️Financial services
▫️Cryptocurrency trading and much more.
https://twitter.com/kondoudislaw/status/1604818886037233665
Symbiosis has announced the Symbiosis v2 launch.
https://twitter.com/symbiosis_fi/status/1603665465141653504
https://twitter.com/symbiosis_fi/status/1603665465141653504
X (formerly Twitter)
Symbiosis (@symbiosis_fi) on X
It's time to do it and do it loud! We're thrilled to announce the Symbiosis v2 launch 👾
Much better pool efficiency, serving (s-chain) network and some alien magic 🪄
More info: https://t.co/EQSrzapARK
Much better pool efficiency, serving (s-chain) network and some alien magic 🪄
More info: https://t.co/EQSrzapARK
Jo Johnson, brother of former U.K. prime minister Boris Johnson, resigned from the advisory board of crypto exchange Binance exchange last week.
https://www.coindesk.com/policy/2022/12/19/boris-johnsons-brother-quits-as-binance-advisor/
https://www.coindesk.com/policy/2022/12/19/boris-johnsons-brother-quits-as-binance-advisor/
CoinDesk
Boris Johnson's Brother Quits as Binance Adviser
Binance has struggled launch operations in the U.K. and may be facing money laundering charges from the U.S.
Visa proposes using StarkNet for automatic recurring payments.
https://www.theblock.co/post/196442/visa-proposes-using-starknet-for-automatic-recurring-payments
https://www.theblock.co/post/196442/visa-proposes-using-starknet-for-automatic-recurring-payments
The Block
Visa proposes using StarkNet for automatic recurring payments
Visa said that StarkNet, a layer 2 blockchain built on top of Ethereum, may help bridge the gap between crypto and the real world by letting people who use self-custodial wallets pay their bills more easily.
Bank of Canada emphasizes need for stablecoin regulation as legislation is tabled.
https://cointelegraph.com/news/bank-of-canada-emphasizes-need-for-stablecoin-regulation-as-legislation-is-tabled
https://cointelegraph.com/news/bank-of-canada-emphasizes-need-for-stablecoin-regulation-as-legislation-is-tabled
China's Zhejiang province to build $28.7 billion metaverse industry by 2025.
https://twitter.com/watcherguru/status/1604960829585035264
https://twitter.com/watcherguru/status/1604960829585035264
Crypto Market Daily Review.
- The market is neutral today. Market cap is $832B, Bitcoin is trading at $16.7K.
Dropstab.com
- The market is neutral today. Market cap is $832B, Bitcoin is trading at $16.7K.
Dropstab.com
- Visa proposes using StarkNet for automatic recurring payments.
- Binance US to acquire Voyager’s assets for ~$1.2B.
- Meta is projected to invest 20% of overall costs and expenses into its VR/AR tech.
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Waves CEO is launching a new stablecoin.
There's gonna be a USDN situation resolution plan set in motion before, according to Waves CEO Alexander Ivanov.
https://twitter.com/sasha35625/status/1605135291802451969
There's gonna be a USDN situation resolution plan set in motion before, according to Waves CEO Alexander Ivanov.
https://twitter.com/sasha35625/status/1605135291802451969
The Central African Republic (CAR) won’t list its sango crypto coin until next year.
https://www.coindesk.com/policy/2022/12/20/central-african-republic-delays-crypto-coin-listing-to-2023/
https://www.coindesk.com/policy/2022/12/20/central-african-republic-delays-crypto-coin-listing-to-2023/
CoinDesk
Central African Republic Delays Crypto Coin Listing to 2023
The country was one of the first to declare bitcoin as legal tender.