Central Banks to set standards on banks’ crypto exposure - BIS
The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025.
Posts published by Cointelegraph.com News 703/738
Bitcoin still lacks this on-chain signal for BTC bull market — David Puell
Bitcoin network activity is "underwhelming," the famous analyst says, as further data reaffirms a textbook BTC price bottom in progress.
Bitvavo to prefund locked DCG assets worth $296.7M amid liquidity crisis
The Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds.
Metaverse experience to sway real-world travel choices in 2023: Survey
A survey participated by 24,179 respondents across 32 countries reveal that nearly half, or 43% of the respondents, intend to use virtual reality to inspire their choices.
Democrats to reportedly return over $1M of SBF's funding to FTX victims
Three democratic committees, the DNC, the DSCC and the DCCC, pledged to return SBF’s political donations after the entrepreneur was charged with eight counts of financial crimes.
The outcome of SBF's prosecution could determine how the IRS treats your FTX losses
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win.
Hal Finney's wife resumes activity on Bitcoin pioneer's Twitter account to avoid potential purge
Under Elon Musk’s leadership, Twitter suspended a number of accounts including those controlled by high-profile journalists and social networking platform Mastodon.
Argentina’s province to issue US dollar-pegged stablecoin
The bill also authorizes local artists to issue nonfungible tokens (NFT) to promote financial and cultural inclusion.
Crypto Stories: Dr. Adam Back shares his life of hacks
A cartoon version of Dr. Adam Back recounts stories of hacking coded doors at university and the inception of Hash Cash in the latest of Cointelegraph Crypto Stories.
Kadena CEO Stuart Popejoy on blockchain design: proof of work is a feature, not a flaw
The former JPMorgan executive shared how he learned to love crypto and why the Kadena is not letting go of its firm embrace of proof of work.
Corporate America has finally taken notice of Web3: US trademark lawyer
Trademark applications filed this year covered various disparate sectors.
US Financial Stability Oversight Council urges congressional action on crypto
According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. financial system.”
Bitcoin and Ethereum gave back their gains, but has anything actually changed?
Bullish crypto momentum fizzled after Fed Chair Powell poured cold water on investors’ hopes that a positive CPI report would trigger a trend change, but higher time frames remain interesting.
Industry execs confident in DeFi adoption despite security flaws: Finance Redefined
The top 100 DeFi token had a mixed week with majority of them losing bullish momentum from the last week.
Total crypto market cap takes another hit, but traders remain neutral
The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts.
Why is Ethereum (ETH) price down today?
Ethereum price is down today and a growing list of challenges could continue to weigh on ETH price for the foreseeable future.
Bitcoin targets $16.7K amid fear BNB may 'drag whole crypto market down'
Binance Coin "has nothing but air below it," one analyst warns as BTC price action goes from bad to worse.
FTX liquidators’ legal team urges cooperation with Bahamian authorities amid favoritism allegations
According to lawyers representing FTX's provisional liquidators, allegations that Bahamian officials were giving residents preferential treatment were “wholly without merit”.
Raydium is attacked, loses $2 million
The team said that authority over the automated market maker and farm programs have been paused, “for now.”
Only for foreign trade: Bank of Russia stands against free crypto investment
The Russian government doesn’t want to enable Bitcoin for regular Russian people but exclusively for foreign trade entities.
Web3 community shares tips for a successful GameFi project
From creating e-sports competitions with huge prize pools to making game tokens more relevant to holders, members of the community share their thoughts on GameFi.
No more proof-of-reserve checks? Auditors quietly drop crypto projects from portfolios
The firms work with prominent crypto exchanges such as Binance, KuCoin, Crypto.com, Gate.io, OKX and FTX.
BNB insurance Binance listing? CZ addresses delisted project's claims
While the delisting didn't concern many due to its inactivity, others questioned the focus on price for delisting as it may prompt projects to artificially pump the price.
Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price
Bitcoin traders stay wary over Binance “FUD” triggering overly bearish BTC price action.
Binance proof-of-reserves removed from the auditor's site
Mazars Group, known for its proof-of-reserve audit services for crypto companies, reportedly removed the audits from its site.
Build on Bitcoin, 'a better platform for Web3,' says Lightning contest founder
A tournament to find and support new Bitcoin companies could be a way of attracting developers from Web3 ecosystems to crossover to Bitcoin.
5 key takeaways from Huobi 2022 crypto industry report
Huobi’s most recent industry report dissects the most discussed crypto-related terms, countries with high levels of activity in the industry, regulations and more.
Amber Group raises $300M to recover from FTX contagion
The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default.
Silvergate faces class-action lawsuit over FTX and Alameda dealings
The suit is looking to hold Silvergate accountable for its alleged roles in transferring FTX user deposits to Alameda bank accounts.
Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M
Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail.