Crypto News Updates

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The cabinet minister says the measure could help restore an "ethic of responsibility". from BBC News - Home https://ift.tt/StezxiY

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Wakweli is a web3 infrastructure protocol that issues certificates of authenticity for NFTs. The funding round was led by Summit, a blockchain investment firm. The funds will enable Wakweli to roll out its product offerings. Wakweli , a Web3 infrastructure protocol that issues NFT authenticity certificates, has closed and announced that it succeeded in rising $1.1 million in its seed funding round. The protocol uses a decentralized consensus algorithm called Proof-of-Democracy (PoD). Several investment firms including Summit, Funfair Ventures, several business angles, and dozens of early investors participated in the funding round, showing confidence in the protocol’s objectives. Wakweli product offerings Wakweli is a Geneva-based startup that was incubated by software firm EverdreamSoft. It was founded in 2021 with the aim of becoming the reference of trust for the decentralized ecosystem for preserving the market integrity of tokenized assets. It launched its website, whitep...

Opposition parties condemn the election as a sham, with Bola Tinubu on 39% of votes counted so far. from BBC News - Home https://ift.tt/V6zbPWm

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Binance reportedly moved the funds between August and December 2022. A Forbes report claims Binance sent the money to various hedge funds and platforms, including Cumberland, Alameda Research and Tron. CSO Patrick Hillmann says there was no commingling of funds. Binance reportedly moved more than $1.8 billion in customer funds to different firms, sending them to various hedge funds in a move that was “eerily similar” to what happened before the collapse of FTX . Per the Forbes report published on Monday 27 February, the commingled funds were collateral to Binance-peg tokens, particularly for the stablecoin USD Coin (USDC). The exchange moved the funds without its customers’ knowledge, and involved transactions from around mid-August to early December 2022, the report added. Binance sent customers’ funds to multiple firms Ostensibly, the exchange moved roughly $1.1 billion of its customers’ funds to crypto trading platform Cumberland, a subsidiary of DRW. The trading firm migh...

The suspension, from 14 March, comes after a Russian missile crossed Moldovan skies. from BBC News - Home https://ift.tt/5IW1Zsg

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Binance USD has been under scrutiny by the US SEC which claims that it is a security. NYDFS recently ordered Paxos to stop issuing BUSD. Paxos also went ahead to terminate its relationship with Binance. US-based cryptocurrency exchange Coinbase has announced that it will suspend Binance USD (BUSD) trading in mid-March. The announcement, which was made via Twitter, mentioned “listing standards.” We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent reviews, Coinbase will suspend trading for Binance USD (BUSD) on March 13, 2023, on or around 12pm ET. — Coinbase Assets (@CoinbaseAssets) February 27, 2023 Coinbase’s decision to suspend BUSD trading comes two weeks after the US Securities and Exchanges Commission (SEC) issued Paxos Trust with a wells notice for issuing a security, the BUSD. SEC’s notice triggered a number of other repercussions including the New York Department of Financial Services (NYDFS) ordering ...

The PM's in-person meeting with Ursula von der Leyen over a new Brexit deal for Northern Ireland dominates many of Monday's front pages. from BBC News - Home https://ift.tt/Hw9JoRI

Recharge Industries will pay £4bn for Britishvolt, the start-up that collapsed in January. from BBC News - Home https://ift.tt/jN59GHK

The EU's Ursula von der Leyen will be in the UK on Monday for face-to-face talks with PM Rishi Sunak. from BBC News - Home https://ift.tt/r1oDKgb

Sir Keir Starmer says that without new policies, living standards will fall below those in eastern Europe. from BBC News - Home https://ift.tt/QpDn7F1

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Lido Dao (LDO) price was up more than 13% in the past 24 hours on Sunday at 3:30 pm ET. LDO is gaining momentum after recovering from lows of $2.72 amid improved sentiment around the upcoming Ethereum upgrade Shanghai. LDO could see a strong move upward amid gains for liquid staking solutions. Lido Dao price has increased by 13% in the past 24 hours to recover losses recently suffered following negative market reaction to hotter-than-expected US Personal Consumption Expenditures (PCE) index. But after cryptocurrencies more than held at major support levels following the dump on news of the Fed’s preferred inflation tool, Lidao Dao native token LDO is taking the lead among liquid staking tokens. LDO price jumps to 6-month high amid LSD positivity On Sunday afternoon, the Lido Dao token rose to $3.16 from 24-hour lows of $2.72, its highest price since August 2022. The token enjoyed the gains as Bitcoin recovered above $23k amid fresh strengthening at this the key support level....

As rare talks were held in Jordan, a Palestinian gunman killed two Israelis in the occupied West Bank. from BBC News - Home https://ift.tt/jiQLX5x

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The deadly earthquakes in Turkey and Syria are having a devastating impact on people's mental health. from BBC News - Home https://ift.tt/WmT5k2F

The comedian on her first tour, ableism and the fall-out from her Question Time appearance. from BBC News - Home https://ift.tt/PBEFJOa

The prime minister says no agreement has been made but he is hopeful of a "positive outcome". from BBC News - Home https://ift.tt/mdRqFk8

San Francisco, USA, 25th February, 2023, Chainwire Telept Inc. , a Web 3.0 startup, has announced today the launch of a ground-breaking first-mover Web PC platform Telept City , which empowers participants to create one-of-a-kind AI generated Non-Fungible Token (NFT) called X-Native. With its cutting-edge AI Generated Content (AIGC) image generation model that has undergone rigorous fine-tuning utilizing a vast database of images, and coupled with an intuitive game-like user interface, provides a novel and accessible AI Web 3.0 experience for participants of all levels. Creating NFT is a breeze with Telept City, and it can be done with minimal effort and costs. What is Telept City? Imagine the users are capable of generating an NFT through a AI powered platform similar to playing a text adventure game. Telept City’s multiple-choice options are presented in a way that is both engaging and easy to navigate. Upon logging onto Telept City via Metamask wallet, users are greeted with an i...

The Prince of Wales joked about a "tense drive home" before the match between England and Wales. from BBC News - Home https://ift.tt/zgZbLWY

Russia and China refused to condemn Moscow's invasion at a meeting of finance ministers in India. from BBC News - Home https://ift.tt/a8GYvgZ

Block reports a 7.0% decline in its fourth quarter bitcoin revenue. Baird analyst David Koning shares his outlook on the Block stock. Shares of the financial technology company are up 15% year-to-date. Shares of Block Inc (NYSE: SQ) are trading up in extended hours even though the financial technology company reported a year-over-year decline in its bitcoin revenue. Baird’s analyst reacts to its quarterly update The San Francisco-based multinational noted a 7.0% hit to its bitcoin revenue in the recent quarter. Reacting to it on CNBC’s “ Closing Bell: Overtime ”, Baird’s senior analyst David Koning said: Bitcoin mattered when Block was at $250 a share. At $70, it doesn’t matter. It’s 4.0% of gross profit. I haven’t even looked closely at it, that’s how much it matters. BTC generated $35 million of gross profit for Block Inc in Q4 – a 25% year-on-year decline related to the slump in bitcoin price. As of December 31 st , the company’s bitcoin holdings had a fair value of $133 ...

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Polkadot joins the ETHDenver BUIDLing event on 28 February. DOT price is down on Friday as broader markets fall following US PCE data. The technical outlook for DOT price suggests bulls need to hold above $6.35 or bears could take control. Polkadot will next week be one of the highlight projects at the ETHDenver 2023 summit. While the Web3 BUIDLathon event will see the largest gathering of enthusiasts, developers and engineers in the broader Ethereum ecosystem, blockchain enthusiasts will no doubt be keen on the sharded blockchain protocol that’s Polkadot. Polkadot’s announcement today confirmed the ecosystem will join the ETHDenver 2023 BUIDLing summit starting on 28 February. Apart from panel talks and a conference program, there will be community side events and interactive activities. The event will run through March 5 and could be key to the DOT price action. 1/ It's less than a week before the Polkadot ecosystem joins #ETHDenver 2023. 🧵 Check this thread for t...

There is no evidence bird flu will start spreading between people but experts are preparing for any scenario. from BBC News - Home https://ift.tt/NHGzrLv

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The Emmy-winning show's creator Jesse Armstrong says it feels like the right time for it to end. from BBC News - Home https://ift.tt/3YvU1Jh

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A quarter of children in England were persistently absent last term, up from 13.1% in autumn 2019. from BBC News - Home https://ift.tt/0PbEwHA

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Today we are going to talk about staking with Lee Kohn, the Head of the security department of the staking platform, known as RSTAKING. Staking is a method of earning passive income when users hold their coins in the Proof of Stake (PoS) algorithm and guarantee the functioning of the blockchain. Thanks to this algorithm, they have the privilege of making profits A bank deposit is the closest comparison to staking. The only difference is that the user does not transfer assets to someone, but freezes them in his account (in a wallet, exchange or DeFi, which is a decentralized financial service). It is essential to maintain the proper functioning of the digital currency network as staking works on the Proof-of-Stake algorithm with proof of ownership. Skeptics ask: “ Where does the money come from to pay the holders of the coins? “ They suspect that there are certain dark mechanisms in staking, similar to a financial pyramid. But as happens on top staking platforms , users receive a r...

The disgraced singer is sentenced to 20 years, but 19 will be served alongside an existing term. from BBC News - Home https://ift.tt/hwbeEVq

More than 80 people also suffer bullet wounds after troops surround a house with militants inside. from BBC News - Home https://ift.tt/TO8wP72

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2023 looks set to be a year when crypto markets begin to rebound after the long and varied struggles of 2022. Some altcoins, such as Cronos (CRO), are already showing signs of improvement, with price rallies in the early months of 2023, leading analysts to forecast better times across the board for cryptocurrencies. One coin that looks set to exceed others as markets improve during 2023 is Metacade’s MCADE token. Here’s why Metacade is shooting for the moon and offering investors an exciting opportunity in 2023 and beyond. What is Metacade? Metacade is building the most prominent virtual gaming arcade in the metaverse with a vast array of classic and modern play-to-earn (P2E) games. Aimed at gaming enthusiasts and crypto fans, Metacade intends to attract a growing online community with the goal of driving the Web3 gaming world forward. Built on the Ethereum blockchain, Metacade offers casual gamers and the seasoned online tournament competitor a unique opportunity to play, earn and...

Tencent Cloud has signed an MoU with Web3 blockchain infrastructure platform Ankr. The company also revealed partnerships with Avalanche, Ethereum scaling solution Scroll and Mysten Labs’ Sui blockchain. Tencent Cloud is looking to help promote Web3 adoption. Tencent Cloud, the cloud business division of tech giant Tencent, has signaled its commitment to Web3 development with a major announcement . On 22 February, the company revealed it was looking to be a significant contributor to the evolution of Web3. Tencent made the developments public at the Tencent Cloud Web3 Build Day, an industry-focused event held in Singapore on Wednesday. Tencent Cloud “preparing for the Web3 future” As part of this goal, Tencent Cloud has signed a Memorandum of Understanding (MoU) and sealed strategic partnerships with multiple blockchain platforms. Tencent’s roadmap towards the objective includes development of blockchain API services and foundational infrastructure for growing the Web3 global c...

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U.S. consumer prices were up a more than expected 6.4% in January. Bitcoin mining stocks still gained near 20% in the week ended Feb 19th. Mike Colonnese reiterated his bullish view on BTC miners today. Last week, the U.S. Bureau of Labour Statistics said consumer prices were up a more than expected 6.4% in January. Still, H.C. Wainwright & Co analyst Mike Colonnese remains bullish on bitcoin miners. Mining stocks gained near 20% last week Colonnese quoted the price action for the week that ended on February 19 th to defend his view in a recent note. Despite inflation keeping well above the Fed’s 2.0% target, BTC gained about 12% in the said week prompting an even bigger near 20% increase in mining stocks. That’s particularly encouraging when compared to the benchmark S&P 500 index that actually lost 0.3% in the week ended February 19 th . Colonnese also said in his research note: BTC prices also responded positively to news on 2/15 of the SEC’s proposal to expand ...

Genaro García Luna, a key drugs war figure, is found guilty of taking bribes from a big drug cartel. from BBC News - Home https://ift.tt/6I9OgkA

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Parliament orders an inquiry after dozens of women speak of abuse on British-operated tea farms. from BBC News - Home https://ift.tt/hTxkKLj

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Bitcoin price broke above $22,500 to new highs above $25,000 amid the hunt for short stops and liquidations. The move to $25k resulted from short liquidations of over $155 million. While price could retreat to $24k, Bitfinex analysts say recent price movements could be indicative of a bottom. Bitcoin price rose above $25k briefly before slipping back under the key psychological and technical area.  According to analysts at crypto exchange Bitfinex, the retreat to this week’s lows comes after a 10% upswing and a green weekly candle. However, the benchmark crypto did not hit a crucial daily candle close at that zone. Even then, it is likely the price movement is another major step towards “the latter stages of a gruesome bear market,” the analysts noted in a report . BTC spike to $25k fueled by massive liquidations Bitfinex analysts also suggest that Bitcoin’s breakout from the $22,500 price level to highs above $25,000 was fueled by the massive liquidations recorded over t...

The formal identification of the 45-year-old, three weeks after going missing, dominates Tuesday's papers. from BBC News - Home https://ift.tt/Cn2GkXU

The ex-PM puts pressure on Rishi Sunak as she urges the UK to "do all we can" to support Ukraine. from BBC News - Home https://ift.tt/zZgSoVK

New Mexico prosecutors drop firearm enhancement charges, lowering a potential prison sentence. from BBC News - Home https://ift.tt/4g6BYVz

Elon Musk said Twitter was being "scammed" by phone companies over fake authentication-text costs from BBC News - Home https://ift.tt/InHcMEX

With 2023 only just getting underway, this year is already looking much more positive than the rough 2022 experienced by practically all crypto projects. With hopes that the space has now reached the bottom of its bear market, investors are turning their attention to identifying which projects have the potential to deliver incredible profits in 2023 and beyond. Figuring out which project offers the highest bang for your buck is easier said than done, though. As such, here are the top 10 coins supporting the most highly regarded projects investors agree could offer massive gains in 2023: Metacade (MCADE) Chainlink (LINK) Avalanche (AVAX) Hedera (HBAR) Bitcoin (BTC) LTO Network (LTO) Ripple (XRP) Monero (XMR) Shiba Inu (SHIB) Polygon (MATIC) 1. Metacade (MCADE) Metacade is already taking the investment world by storm with a presale that is amazing onlookers, having raised a phenomenal $7m in only 13 weeks since it launched. Fundraising continues at pace, with the presale ...

A market trader from Nigeria tells a court he was shocked when a doctor told him he was to have a kidney transplant. from BBC News - Home https://ift.tt/3tE8yUo

Crowds in Chisinau voice anger at rising living costs and poverty as Moscow is accused of sending saboteurs. from BBC News - Home https://ift.tt/DW8urAx

Claims about poverty, unemployment and insecurity feature prominently in this election campaign. from BBC News - Home https://ift.tt/KM7fri0

The discovery in a river by walkers, three weeks after the 45-year-old vanished, dominates the papers. from BBC News - Home https://ift.tt/Wl5Zr0O

All Quiet On The Western Front wasn't the only winner in town at 2023's Bafta Awards. from BBC News - Home https://ift.tt/9vqAl7O

The presenter famously anchored the five-hour live TV marathon every Saturday between 1968 and 1985. from BBC News - Home https://ift.tt/MdKjUIb

A year into Russia's war, he has little to show for it but there is no sign of an end. from BBC News - Home https://ift.tt/7wHRBoJ

Dreamland says it "jumped at the chance" when it was asked to be the new home to the piece. from BBC News - Home https://ift.tt/5ypidX7

Police have quietly gone after those who took part in the November protests that shook China. from BBC News - Home https://ift.tt/T7WeOQr

Marianna Spring goes to visits St Michael's on Wyre to try to understand the scale of the social media frenzy. from BBC News - Home https://ift.tt/kWciI8M

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The former US president will "spend his remaining time at home with his family", the Carter Center said. from BBC News - Home https://ift.tt/xnCpV5W

Filecoin (FIL) rallied amid news of an upcoming network development. The FIL token saw its price reach highs of $7.89 on Coinbase. According to a news release on Friday, Filecoin Virtual Machine (FVM) will launch on 1 March 2023. Filecoin soared to its highest price level since 18 August 2022 on Friday, with a massive 26% rally on the day sending the native FIL token to highs of $7.89 on major cryptocurrency exchange Coinbase. The gains for decentralised storage network come after a recovery that started with a 5% upside on Tuesday 14 February. Before that, a flip in market sentiment had pushed FIL/USD down nearly 13% on 9 February, with the token’s value dipping to close at $4.78.  While it’s not possible to make a Filecoin price prediction with certainty, lets see what likely catalysed today’s stellar run. What is behind Filecoin’s price surge today? Filecoin price has indeed seen an enormous uptick in the past two days, breaking above key resistance around $6.00. ...

The X-Men star said the move would be "natural", but he still had respect for the UK's Royal Family. from BBC News - Home https://ift.tt/8KmUBHp

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King Charles also met with global leaders on Friday at Buckingham Palace to discuss biodiversity. from BBC News - Home https://ift.tt/DKGknoz

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Jump Crypto is reportedly the unidentified US trading firm” the SEC says helped re-peg TerraUSD in 2021. Terraform Labs and its CEO Do Kwon misrepresented the human effort as a software algorithm. Jump was able to buy Luna tokens at massive discounts leading to a profit of over $1.28 billion, though the SEC has filed a wrongdoing charge against the trading firm. When the US Securities and Exchange Commission (SEC) sued Terraform Labs and its CEO Do Kwon, it pointed to an unnamed US-based trading firm as having realized massive profits from deals with Terra (LUNA). Now sources say that firm is Jump Crypto, a Chicago-based subsidiary of Jump Trading, according to a report first shared by crypto publication The Block. Per the report, it is Jump Crypto that helped TerraUSD (UST) – an algorithmic stablecoin launched by Do Kwon – regain its peg in 2021. Do Kwon’s Terra project collapsed in May 2022, while Jump had been providing market making services for Luna since 2019. “Trading ...

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Polygon (MATIC) exploded 13% amid a major rally for cryptocurrencies. The gains for MATIC price come amid major network developments and partnerships. MATIC could surge even higher, but a retreat to support at $1.40 is also likely. Polygon is among today’s most impressive performers, with the cryptocurrency’s native MATIC surging 13% in the past 24 hours to break to $1.45. Data from CoinGecko shows the Polygon price traded at $1.28 before the rally that came as the rest of the crypto market ripped higher – led by Bitcoin’s jump to above $25,000. Today’s rally for MATIC adds to a bullish run over the past two days, with the token’s value climbing from lows of $1.14 on Tuesday. Why could MATIC price go higher? Polygon price has benefitted from the overall sentiment across the crypto market, which is reflected in the Bitcoin Fear & Greed Index moving from neutral to greed. However, the upside momentum has also been down to major developments on the Ethereum scaling protocol...

He will meet politicians as speculation mounts about an agreement between the UK and the EU. from BBC News - Home https://ift.tt/tPFuvhV

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D.A. Davidson analyst downgraded Coinbase stock on Thursday. Chris Brendler says RIOT has potential to rally a lot more. Both crypto stocks are currently up more than 100% for the year. The massive year-to-date rally in Coinbase Global Inc (NASDAQ: COIN) should be seen as an opportunity to cut your exposure to this name, says Chris Brendler. He’s a Senior Equity Analyst at D.A. Davidson. Brendler sees downside in COIN to $60 On Thursday, Brendler downgraded the crypto exchange to “neutral” and announced a price objective of $60 that represents about a 15% downside from here. In a research note, he said: FTX debacle is still reverberating. While we agree with management’s view that improved clarity and a level playing field should be good, near-term path looks increasingly treacherous. The analyst particularly quoted regulatory challenges as a meaningful headwind. Last week, the SEC ordered Kraken to terminate crypto staking in the United States – which is concerning for Coi...

With seven million registered voters, Nigeria's biggest city could hold the keys to the presidential villa. from BBC News - Home https://ift.tt/imQ58WM

Laser Digital’s investment follows Infinity’s seed funding raised in September, backed by top VCs in the space. Infinity is an Ethereum-based protocol designed to advance institutional DeFi or what’s called “Hybrid Finance” Price discovery and risk innovation are critical to institutional adoption of DeFi. Laser Digital, the crypto subsidiary of Japanese banking giant Nomura, has announced a strategic investment in decentralised finance (DeFi) protocol Infinity. Infinity is an institutional-focused lending and borrowing platform founded by Kevin Lepsoe, a former head of structuring at Morgan Stanley.  While the companies did not disclose the financial terms of the deal, Laser Digital’s investment follows Infinity’s $4.2 million seed round in September 2022. Major crypto market makers and venture capital investors that backed the round included Susquehanna International Group, Block0, GSR, OWC, Flow Traders,  and CSquared.  Infinity looks to accelerate “Institution...