Crypto.com to delist USDT in Canada
🗓 January 31, the cryptocurrency platform Crypto.com delist the USDT stablecoin from Tether for Canadian users. The company notified customers in the country about this.
After this period, trading, deposits and withdrawals in USDT will become unavailable. Assets will be automatically converted to USD Coin (USDC).
“Please urgently check your USDT balances and take the necessary measures,” the message reads.
The platform also warned that withdrawing deposits made after the deadline may not be possible or may require additional fees.
“Crypto.com has excluded USDT for Canadian users in accordance with Ontario Securities Commission (OSC) instructions as part of our obligations to pre-register for a limited dealer license,” a platform spokesperson explained to Decrypt .
🗓 January 31, the cryptocurrency platform Crypto.com delist the USDT stablecoin from Tether for Canadian users. The company notified customers in the country about this.
After this period, trading, deposits and withdrawals in USDT will become unavailable. Assets will be automatically converted to USD Coin (USDC).
“Please urgently check your USDT balances and take the necessary measures,” the message reads.
The platform also warned that withdrawing deposits made after the deadline may not be possible or may require additional fees.
“Crypto.com has excluded USDT for Canadian users in accordance with Ontario Securities Commission (OSC) instructions as part of our obligations to pre-register for a limited dealer license,” a platform spokesperson explained to Decrypt .
According to journalist Colin Wu, cryptocurrency exchange Coinbase has become the most active venture investor in 2022, taking part in 119 rounds. Rounding out the top three are Animoca Brands (118) and Shima Capital (88).
During the year, 1,769 projects collectively raised $37.7 billion, up 19% from the previous year. In the projects section, Web3 and DeFi solutions are leading.
During the year, 1,769 projects collectively raised $37.7 billion, up 19% from the previous year. In the projects section, Web3 and DeFi solutions are leading.
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#Tether is a tool for financial freedom in Kenya 🇰🇪
💰 Market maker Group One acquired a 13.5% stake in MicroStrategy
Chicago-based market maker Group One became the owner of 1,261,744 shares of MicroStrategy, which is equivalent to a share of 13.49%. This information is included in the reportingSEC.
The position is valued at $239.7 million, with a January 10 closing price of $190 per security. The company also became the owner of options for 1.3 million shares.
Group One specializes in stock options in the US and provides liquidity for a range of securities.
Over the past year, the capitalization of MicroStrategy has decreased by 60.7%.
According to Bitcoin Treasuries , the analytics software provider owns 132,500 BTC worth $2.315 billion, with an average purchase price of $30,392. Bitcoin's current exchange rate is $17,500, according to CoinGecko .
Recall that in November, the founder of MicroStrategy, Michael Saylor , confirmed the course for further purchases of digital gold, despite the continued fall of the cryptocurrency market.
Chicago-based market maker Group One became the owner of 1,261,744 shares of MicroStrategy, which is equivalent to a share of 13.49%. This information is included in the reportingSEC.
The position is valued at $239.7 million, with a January 10 closing price of $190 per security. The company also became the owner of options for 1.3 million shares.
Group One specializes in stock options in the US and provides liquidity for a range of securities.
Over the past year, the capitalization of MicroStrategy has decreased by 60.7%.
According to Bitcoin Treasuries , the analytics software provider owns 132,500 BTC worth $2.315 billion, with an average purchase price of $30,392. Bitcoin's current exchange rate is $17,500, according to CoinGecko .
Recall that in November, the founder of MicroStrategy, Michael Saylor , confirmed the course for further purchases of digital gold, despite the continued fall of the cryptocurrency market.
⚙️ BitDAO launches testnet L2 solution Mantle
Decentralized Autonomous Organization(DAO) BitDAO has launched a public testnet of its modular second-layer solution Mantle.
The team announced the launch of the testnet in November. Since then, 37,000 developers have signed up to participate in the network, according to The Block .
The Mantle L2 project uses its own Rollups -based technology and modular architecture. Three separate levels are responsible for the execution of transactions, their finalization and data availability. BitDAO believes that forEVMFor developers, this will become a "very familiar" technology stack.
The Wadsley testnet will also allow the team to test and implement new features ahead of the mainnet launch, which is scheduled for late 2023.
It is expected that the solution will provide "hyperscale throughput for resource-intensive applications" at low fees. To pay for the latter, the network uses BIT, the DAO governance token.
Decentralized Autonomous Organization(DAO) BitDAO has launched a public testnet of its modular second-layer solution Mantle.
The team announced the launch of the testnet in November. Since then, 37,000 developers have signed up to participate in the network, according to The Block .
The Mantle L2 project uses its own Rollups -based technology and modular architecture. Three separate levels are responsible for the execution of transactions, their finalization and data availability. BitDAO believes that forEVMFor developers, this will become a "very familiar" technology stack.
The Wadsley testnet will also allow the team to test and implement new features ahead of the mainnet launch, which is scheduled for late 2023.
It is expected that the solution will provide "hyperscale throughput for resource-intensive applications" at low fees. To pay for the latter, the network uses BIT, the DAO governance token.
💰ETHEREUM SOFTWARE FIRM CONSENSYS TO CUT UPWARDS OF 100 STAFF
😲 ConsenSys, the developer of the crypto wallet MetaMask, plans to lay off 100 staffers or more, according to a person familiar with the matter.
✅ The New York City-headquartered Ethereum studio currently has about 900 employees. The planned cuts are understood to be in the process of being finalized, and the exact number is not known at this point, said the person.
😲 ConsenSys, the developer of the crypto wallet MetaMask, plans to lay off 100 staffers or more, according to a person familiar with the matter.
✅ The New York City-headquartered Ethereum studio currently has about 900 employees. The planned cuts are understood to be in the process of being finalized, and the exact number is not known at this point, said the person.
🏦 SILVERGATE SHARES PLUNGE 46% AS CRYPTO BANK CUTS 200 JOBS
💳 Crypto bank Silvergate Capital (SI) has cut 40% of its staff, or about 200 employees, the company said in a filing with the U.S. Securities and Exchange Commission on Thursday, news that sent its shares down 46% to $11.76.
✅ The bank has also halted its plans to launch a digital currency and has written off the $196 million related to its acquisition of the technology and assets of Diem Association from Facebook parent Meta Platforms (META). Diem, formerly called Libra, was Facebook's attempt to create a stablecoin, which is a cryptocurrency pegged to the U.S. dollar or other stable asset.
💳 Crypto bank Silvergate Capital (SI) has cut 40% of its staff, or about 200 employees, the company said in a filing with the U.S. Securities and Exchange Commission on Thursday, news that sent its shares down 46% to $11.76.
✅ The bank has also halted its plans to launch a digital currency and has written off the $196 million related to its acquisition of the technology and assets of Diem Association from Facebook parent Meta Platforms (META). Diem, formerly called Libra, was Facebook's attempt to create a stablecoin, which is a cryptocurrency pegged to the U.S. dollar or other stable asset.
💻 WEB3 BUILDERS LOSE DOZENS OF HIGH-VALUE NFTS IN BACK-TO-BACK ATTACKS
😳 Two prominent Web3 builders lost dozens of high-value non-fungible tokens (NFTs) to scammers over the past few days after their crypto wallets were compromised.
✅ The first victim was NFT-collector CryptoNovo, who tweeted on Tuesday that he had been hacked.
The attacker appears to have made off with a hefty haul – three CryptoPunks, a Bored Ape, a Mutant Ape, three Meebits and two CloneX NFTs.
Within 16 hours of taking over the wallet, the new owner was able to sell all ten NFTs for a total of 492.66 ETH, worth around $618,000 at the time of writing. The funds were then apparently transferred to an account on crypto exchange ChangeNOW, according to on-chain sleuth ZachXBT.
It appears that an attacker may have also taken over CryptoNovo’s Discord account in an attempt to steal more funds.
😳 Two prominent Web3 builders lost dozens of high-value non-fungible tokens (NFTs) to scammers over the past few days after their crypto wallets were compromised.
✅ The first victim was NFT-collector CryptoNovo, who tweeted on Tuesday that he had been hacked.
The attacker appears to have made off with a hefty haul – three CryptoPunks, a Bored Ape, a Mutant Ape, three Meebits and two CloneX NFTs.
Within 16 hours of taking over the wallet, the new owner was able to sell all ten NFTs for a total of 492.66 ETH, worth around $618,000 at the time of writing. The funds were then apparently transferred to an account on crypto exchange ChangeNOW, according to on-chain sleuth ZachXBT.
It appears that an attacker may have also taken over CryptoNovo’s Discord account in an attempt to steal more funds.
💲Valkyrie Investments is out with a proposal for a much larger rival product: to become the new sponsor and manager of the crypto industry’s largest fund, the Grayscale Bitcoin trust.
✅ The Nashville, Tennessee-based asset manager, which oversees roughly $180 million, on Friday announced the launch of the Valkyrie Opportunistic Fund, which seeks to take advantage of the massive discount in Grayscale Investments’ $10.5 billion product (GBTC).
The Valkyrie fund will be increasing its holdings of GBTC, allowing the company to realize “the true value of the underlying Bitcoin for our investors,” which it says is a goal it will actively pursue on their behalf, according to the company.
“We understand that Grayscale has played an important role in the development and growth of the Bitcoin ecosystem with the launch of GBTC, and we respect the team and the work that they have done,” said Steven McClurg, co-founder and CIO of Valkyrie Investments, in a letter posted on the firm’s website.
✅ The Nashville, Tennessee-based asset manager, which oversees roughly $180 million, on Friday announced the launch of the Valkyrie Opportunistic Fund, which seeks to take advantage of the massive discount in Grayscale Investments’ $10.5 billion product (GBTC).
The Valkyrie fund will be increasing its holdings of GBTC, allowing the company to realize “the true value of the underlying Bitcoin for our investors,” which it says is a goal it will actively pursue on their behalf, according to the company.
“We understand that Grayscale has played an important role in the development and growth of the Bitcoin ecosystem with the launch of GBTC, and we respect the team and the work that they have done,” said Steven McClurg, co-founder and CIO of Valkyrie Investments, in a letter posted on the firm’s website.
Bitcoin price tested the level of $21.000 🚀
On the night of Saturday, January 14, the quotes of the first cryptocurrency at the moment exceeded $21,000. Over the past day, the asset has grown by 11%, according to CoinGecko.
At the time of writing, the price of bitcoin has retraced to below $21,000.
The second largest cryptocurrency by capitalization approached the level of $1600, but then returned to $1550(+10% per day, according to CoinGecko).
Following the flagships, all assets from the top 10 moved into the green zone. Cardano (+9.7%) and Dogecoin (+9.5%) show the highest growth. The total capitalization of the cryptocurrency market has exceeded $1 trillion.
On the night of Saturday, January 14, the quotes of the first cryptocurrency at the moment exceeded $21,000. Over the past day, the asset has grown by 11%, according to CoinGecko.
At the time of writing, the price of bitcoin has retraced to below $21,000.
The second largest cryptocurrency by capitalization approached the level of $1600, but then returned to $1550(+10% per day, according to CoinGecko).
Following the flagships, all assets from the top 10 moved into the green zone. Cardano (+9.7%) and Dogecoin (+9.5%) show the highest growth. The total capitalization of the cryptocurrency market has exceeded $1 trillion.
🛑 MICROSOFT BANS CRYPTO MINING TO PROTECT ITS CLOUD SERVICE CUSTOMERS
🤕 Microsoft has banned cryptocurrency mining from its online services to protect all of its cloud customers, media reports said.
✅ Microsoft's Summary of Changes to the license states: "Updated Acceptable Use Policy to clarify that mining cryptocurrency is prohibited without prior Microsoft approval."
🤕 Microsoft has banned cryptocurrency mining from its online services to protect all of its cloud customers, media reports said.
✅ Microsoft's Summary of Changes to the license states: "Updated Acceptable Use Policy to clarify that mining cryptocurrency is prohibited without prior Microsoft approval."
🌎 G20 WANTS TO BUILD POLICY CONSENSUS ON CRYPTO ASSETS
🪙 The Group of 20 (G20) countries are striving to build a policy consensus on crypto assets to inform better global regulation, India's federal economic affairs secretary Ajay Seth said on Wednesday. India, which currently holds the G20 presidency, is hosting the group's first meeting of finance and central bank deputies on Dec. in Bengaluru.
✅ The implications of crypto assets for the economy, monetary policy and the banking sector should be studied to inform this consensus, Seth said at a news conference on the second day of the forum. "The regulation should flow from the policy view taken. In fact, one of the priorities which have been put on the table is to help countries build a consensus for a policy approach to the crypto assets," he said.
🪙 The Group of 20 (G20) countries are striving to build a policy consensus on crypto assets to inform better global regulation, India's federal economic affairs secretary Ajay Seth said on Wednesday. India, which currently holds the G20 presidency, is hosting the group's first meeting of finance and central bank deputies on Dec. in Bengaluru.
✅ The implications of crypto assets for the economy, monetary policy and the banking sector should be studied to inform this consensus, Seth said at a news conference on the second day of the forum. "The regulation should flow from the policy view taken. In fact, one of the priorities which have been put on the table is to help countries build a consensus for a policy approach to the crypto assets," he said.
Justin Sun says he's willing to spend up to $1 billion to acquire DCG assets🔥💸
Justin Sun is ready to invest up to $1 billion of his own funds in the acquisition of assets belonging to Barry Silbert's Digital Currency Group (DCG). The founder of Tron.
🗓In November 2022, DGG's OTC platform Genesis Trading froze withdrawals and new loans, and later attempted to raise $1 billion in emergency funding.
🗞 According to the Financial Times, Genesis owes more than $3 billion to creditors and is considering selling a number of portfolio investments. In particular, the company, together with the parent structure , owes about $900 million to Gemini cryptocurrency exchange clients.
The latter's co-founder Cameron Winklevoss pressed Silbert to return the assets and subsequently urged him to resign. According to the head of the exchange, DCG was misleading the public about its financial condition and solvency.
Justin Sun is ready to invest up to $1 billion of his own funds in the acquisition of assets belonging to Barry Silbert's Digital Currency Group (DCG). The founder of Tron.
🗓In November 2022, DGG's OTC platform Genesis Trading froze withdrawals and new loans, and later attempted to raise $1 billion in emergency funding.
🗞 According to the Financial Times, Genesis owes more than $3 billion to creditors and is considering selling a number of portfolio investments. In particular, the company, together with the parent structure , owes about $900 million to Gemini cryptocurrency exchange clients.
The latter's co-founder Cameron Winklevoss pressed Silbert to return the assets and subsequently urged him to resign. According to the head of the exchange, DCG was misleading the public about its financial condition and solvency.
💰 INDIA’S CENTRAL BANK HEAD CALLS FOR BLANKET BAN ON CRYPTO
💲The Reserve Bank of India (RBI) has issued a stark warning regarding the use of Bitcoin and other digital currencies. Citing the crash of FTX, RBI governor Shaktikanta Das proclaimed that these unstable instruments 'are nothing but gambling' and their perceived value is based entirely on “make-believe”.
✅ Addressing a Business Today event, Das fired repeated salvos against cryptos arguing that any asset or financial product must have some underlying value.
💲The Reserve Bank of India (RBI) has issued a stark warning regarding the use of Bitcoin and other digital currencies. Citing the crash of FTX, RBI governor Shaktikanta Das proclaimed that these unstable instruments 'are nothing but gambling' and their perceived value is based entirely on “make-believe”.
✅ Addressing a Business Today event, Das fired repeated salvos against cryptos arguing that any asset or financial product must have some underlying value.
In 2022, the volume of funds blocked in smart contracts for decentralized applications decreased by 75%, reaching $58.96 billion on December 31. The dynamics are due to problems in a number of projects, as well as a protracted correction in the digital asset market.
The largest declines in percentage terms were recorded in May-June and October-November. The first was the collapse of the Terra ecosystem (-44%), the second was the collapse of the FTX cryptocurrency exchange (-28%).
The largest declines in percentage terms were recorded in May-June and October-November. The first was the collapse of the Terra ecosystem (-44%), the second was the collapse of the FTX cryptocurrency exchange (-28%).
🌐 Ethereum network withdrew 1.8 million coins from circulation in 2022
Ethereum network burned about 1.8 million coins. At the same time, in the second quarter, the pace of the process significantly decreased against the background of falling quotes of the second largest cryptocurrency in terms of capitalization.
Since the activation of EIP-1559, the Ethereum network has withdrawn nearly 2.8 million ETH from circulation.
Ethereum network burned about 1.8 million coins. At the same time, in the second quarter, the pace of the process significantly decreased against the background of falling quotes of the second largest cryptocurrency in terms of capitalization.
Since the activation of EIP-1559, the Ethereum network has withdrawn nearly 2.8 million ETH from circulation.