Binance US struggles to find a bank to take its customers' cash after the collapse of Signature Bank.
Deposits were previously sent to either Signature Bank or Silvergate Capital.
Binance US now conducts customer cash through Prime Trust LLC, a crypto services and financial technology firm.
https://www.wsj.com/articles/binance-us-struggles-to-find-bank-to-take-its-customers-cash-83150ac5
Deposits were previously sent to either Signature Bank or Silvergate Capital.
Binance US now conducts customer cash through Prime Trust LLC, a crypto services and financial technology firm.
https://www.wsj.com/articles/binance-us-struggles-to-find-bank-to-take-its-customers-cash-83150ac5
WSJ
WSJ News Exclusive | Binance.US Struggles to Find Bank to Take Its Customers’ Cash
As a stopgap, the exchange is using at least one middleman to store user funds on its behalf.
According to Coinbase CEO, Coinbase will integrate Bitcoin Lightning Network.
https://twitter.com/brian_armstrong/status/1644794656570617856
https://twitter.com/brian_armstrong/status/1644794656570617856
Arianna Simpson, general partner at Andreessen Horowitz, says that a16z will continue to tailor the fund sizes to opportunities it sees in the market.
https://techcrunch.com/2023/04/08/a16z-will-continue-to-tailor-its-multi-billion-dollar-crypto-funds-to-market-opportunities-gp-says/
https://techcrunch.com/2023/04/08/a16z-will-continue-to-tailor-its-multi-billion-dollar-crypto-funds-to-market-opportunities-gp-says/
Investors sued KPMG, Goldman Sachs, Morgan Stanley, Bank of America and other Silicon Valley Bank auditors for misrepresenting it.
https://www.bloomberg.com/news/articles/2023-04-08/kpmg-goldman-sachs-faulted-in-investor-suit-over-svb-failure
https://www.bloomberg.com/news/articles/2023-04-08/kpmg-goldman-sachs-faulted-in-investor-suit-over-svb-failure
Bloomberg.com
KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure
KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley & Co. in an investor lawsuit based on alleged misstatements leading to the bank’s collapse.
SushiSwap RouterProcessor2 contact has an approve-related bug, which leads to the loss of >$3.3M loss (about 1800 eth).
It is recommended to revoke the signature and transfer funds to another wallet.
https://twitter.com/peckshield/status/1644907207530774530
It is recommended to revoke the signature and transfer funds to another wallet.
https://twitter.com/peckshield/status/1644907207530774530
Hong Kong finance minister says that the government will adopt a proper regulation and promotion strategy for Web3.
https://www.fso.gov.hk/sim/blog/blog20230409.htm
https://www.fso.gov.hk/sim/blog/blog20230409.htm
The Bank of England is looking to build a team of as many as 30 people to develop a central bank digital currency (CBDC).
In February, the U.K.'s central bank and finance ministry said they were starting further research and development on a digital version of the pound sterling, and invited the public to weigh in on the plans. While the project has been dubbed Britcoin in the press, the bank is less keen on the moniker, saying no decision has been made on whether a digital pound would use distributed ledger technology.
The bank's website careers page lists positions for a Digital Pound Security Architect and Digital Pound Solutions Architect, both added toward the end of last month. Both pay as much as 80,000 British pounds ($99,000) in salary. The Treasury advertised for a Head of Central Bank Digital Currency in January.
https://www.coindesk.com/policy/2023/04/09/bank-of-england-targets-30-strong-team-for-digital-currency-report/
In February, the U.K.'s central bank and finance ministry said they were starting further research and development on a digital version of the pound sterling, and invited the public to weigh in on the plans. While the project has been dubbed Britcoin in the press, the bank is less keen on the moniker, saying no decision has been made on whether a digital pound would use distributed ledger technology.
The bank's website careers page lists positions for a Digital Pound Security Architect and Digital Pound Solutions Architect, both added toward the end of last month. Both pay as much as 80,000 British pounds ($99,000) in salary. The Treasury advertised for a Head of Central Bank Digital Currency in January.
https://www.coindesk.com/policy/2023/04/09/bank-of-england-targets-30-strong-team-for-digital-currency-report/
CoinDesk
Bank of England Targets 30-Strong Team for Digital Currency: Report
Among the positions available: Digital Pound Security Architect and Digital Pound Solutions Architect.
Instagram and Facebook will wind down the support for digital collectibles on April 11, 2023.
https://help.instagram.com/1824155514623095
https://help.instagram.com/1824155514623095
Manta Network will make a big announcement in two days.
https://twitter.com/mantanetwork/status/1645064047241629696
https://twitter.com/mantanetwork/status/1645064047241629696
X (formerly Twitter)
Manta Network (🔱,🔱) 💃🕺 #MantaFest (@MantaNetwork) on X
The Arbitrum community proposes for returning 700 million ARB to the DAO treasury.
Current results:
For - 50%
Against - 48%
The proposal implies that in the case of a return, there will be more evidence that final decisions are made by the community and, therefore, that Arbitrum is decentralized.
https://forum.arbitrum.foundation/t/proposal-return-700m-arb-to-the-dao-treasury/13490
https://snapshot.org/#/arbitrumfoundation.eth/proposal/0x3ae4c725f7cb82d450b6fe8517178b2a0a51d1105beaad0adb421df1bc8f8cc4
Current results:
For - 50%
Against - 48%
The proposal implies that in the case of a return, there will be more evidence that final decisions are made by the community and, therefore, that Arbitrum is decentralized.
https://forum.arbitrum.foundation/t/proposal-return-700m-arb-to-the-dao-treasury/13490
https://snapshot.org/#/arbitrumfoundation.eth/proposal/0x3ae4c725f7cb82d450b6fe8517178b2a0a51d1105beaad0adb421df1bc8f8cc4
Kraken, Binance and Coinbase jousting for deposit allocations across the Beacon Chain's early days.
It was Lido who emerged victorious, continuing to dominate deposit inflows as of present.
https://twitter.com/glassnode/status/1645048945876295682
It was Lido who emerged victorious, continuing to dominate deposit inflows as of present.
https://twitter.com/glassnode/status/1645048945876295682
X (formerly Twitter)
glassnode (@glassnode) on X
Deposit trends by staking providers have exhibited a clear shift over time with Kraken, Binance and Coinbase jousting for deposit allocations across the Beacon Chain's early days.
As the dust settled between the three giants, it was Lido who emerged victorious…
As the dust settled between the three giants, it was Lido who emerged victorious…
The FTX’s current leadership has published a new report for the court.
The report says:
▫️FTX leadership regularly lost accounts.
▫️Alameda is not auditable.
▫️Bankman-Fried's internal confessions to his staff often directly contradicted his public statements made either via Twitter or to the press.
▫️FTX did not use two-factor authentication for its enterprise services, including Google Workspace and 1Password.
▫️FTX has always held the vast majority of its crypto-assets in hot wallets.
▫️FTX US Brett Harrison resigned in September 2022 because of "lingering disagreements" with Sam Bankman-Fried and members of his inner circle.
https://restructuring.ra.kroll.com/FTX/
The report says:
▫️FTX leadership regularly lost accounts.
▫️Alameda is not auditable.
▫️Bankman-Fried's internal confessions to his staff often directly contradicted his public statements made either via Twitter or to the press.
▫️FTX did not use two-factor authentication for its enterprise services, including Google Workspace and 1Password.
▫️FTX has always held the vast majority of its crypto-assets in hot wallets.
▫️FTX US Brett Harrison resigned in September 2022 because of "lingering disagreements" with Sam Bankman-Fried and members of his inner circle.
https://restructuring.ra.kroll.com/FTX/
There is a rising rate of a long term Bitcoin hodlers.
There was a similar trend from January, 2021 through April, 2021 when BTC rose above $64k for the first time.
https://twitter.com/santimentfeed/status/1645125995069046784
There was a similar trend from January, 2021 through April, 2021 when BTC rose above $64k for the first time.
https://twitter.com/santimentfeed/status/1645125995069046784
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Co-founder and CPO of Mysten Labs (Sui Network) Adeniyi Abiodun spoke harshly on Twitter: "Stop spreading nonsense. There is no Sui Airdrop. No planed or ever will be."
https://twitter.com/emanabio/status/1645183702224506881
https://twitter.com/emanabio/status/1645183702224506881
Tether Chief Technology Officer Paolo Ardoyno tweeted today that the company's Q1 earnings exceeded $700M.
https://twitter.com/paoloardoino/status/1645157072785342465
https://twitter.com/paoloardoino/status/1645157072785342465
Cumulative minting volume of Bitcoin Ordinals records exceeded 1 million.
https://dune.com/dgtl_assets/bitcoin-ordinals-analysis
https://dune.com/dgtl_assets/bitcoin-ordinals-analysis
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On April 7 the USDT price fell to $0.92 on the Bittrex exchange. The current price is $0.96. Perhaps the dump is related to Bittrex leaving the U.S. on April 30.
https://global.bittrex.com/trade/usdt-usd
https://global.bittrex.com/trade/usdt-usd
Bounce Finance has announced its April roadmap: Enhanced Account System, Fixed-Price Auctions for NFTs, Real-World Collectible Auction, and more.
Bounce Finance has also introduced its revamped website.
https://twitter.com/bounce_finance/status/1645209253630603264
https://twitter.com/bounce_finance/status/1644475450457038850
Bounce Finance has also introduced its revamped website.
https://twitter.com/bounce_finance/status/1645209253630603264
https://twitter.com/bounce_finance/status/1644475450457038850
For the first time, the amount of Open Interest in Bitcoin Options contracts ($10.3B) has surpassed that held in Futures contracts ($10.0B).
Futures OI has been relatively flat in 2023.
This results from significant call option buys, as investors start to speculate on higher $BTC prices.
https://twitter.com/glassnode/status/1644517577090273281
Futures OI has been relatively flat in 2023.
This results from significant call option buys, as investors start to speculate on higher $BTC prices.
https://twitter.com/glassnode/status/1644517577090273281
X (formerly Twitter)
glassnode (@glassnode) on X
For the first time, the amount of Open Interest in #Bitcoin Options contracts ($10.3B) has surpassed that held in Futures contracts ($10.0B).
Futures OI has been relatively flat in 2023.
This results from significant call option buys, as investors start…
Futures OI has been relatively flat in 2023.
This results from significant call option buys, as investors start…