Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express
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US Deputy Treasury Secretary calls for additional tools to sanction crypto firms
Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority. 223 Total views 15 Total shares Wally Adeyemo, Deputy Secretary of the United States Treasury, said his department is looking into new sanctions tools to pursue bad actors in
Kazakhstan to decide whether to launch CBDC by late 2022
One of the world’s biggest Bitcoin mining countries is still thinking about whether it needs a central bank digital currency. 512 Total views 12 Total shares Kazakhstan, one of the world’s largest countries in terms of Bitcoin mining hash power, is continuing to explore a potential central bank digital currency (CBDC).The National Bank of Kazakhstan has…
‘The Drug Is Gone’: Mike Novogratz Compares Current Bitcoin Markets to ‘Methadone Clinic’
Mike Novogratz compared current cryptocurrency market performance to a “methadone clinic” in an interview with Bloomberg Dec. 11.During the interview, Bloomberg asked Novogratz how coming from Wall Street made him different from most of the cryptocurrency community, which seem to treat cryptocurrency “almost like a religion.” Novogratz answered that, while he believes in the underlying…
Tencent unveils ChatGPT rival in China amid continuing US AI chip ban
Despite heavy government regulations and ongoing struggles with hardware sourcing, Tencent’s large language model has been released for business use in China. 120 Total views 1 Total shares Chinese technology corporation Tencent unveiled its “Hunyuan” artificial intelligence (AI) system, a multimodal large language model (LLM) similar to OpenAI’s ChatGPT, at the Global Digital Ecosystem Summit
Hodler’s Digest, Feb. 11–17: Top Stories, Price Movements, Quotes and FUD of the Week
Top Stories This WeekFundstrat Global Advisors Expects 2019 to Bring More Institutional Investors to CryptoAccording to a report on the 2019 crypto outlook released by New York-based research company Fundstrat Global Advisors, incremental improvements in the crypto space can provide support for higher prices for cryptocurrencies. The report notes that, as the United States dollar…
Uphold and Salt Partner to Bring Liquidity to Millions Using Crypto-Backed Loans
Uphold, a digital money platform providing access to investments and payments using blockchain technology, has announced a partnership with crypto-backed lending company Salt. Together, the two plan to provide users with cash or stablecoin loans using cryptocurrencies as collateral.Uphold’s 1.7 million users can now secure loans through Salt against their holdings in Bitcoin (BTC), Ether…
SEC v. Ripple: Attorneys leave SEC side, both groups add new lawyers
Multiple attorneys have moved in and out of the lawsuit between Ripple Labs, its executives and the United States Securities and Exchange Commission, as signified by court filings on Aug. 23. The latest motions filed were requesting permission to withdraw attorneys Richard Best and Robert MacDonald Moye from the trial, with the former having the…
Crypto markets to see ‘explosive volatility’ soon: Arcane Research
Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term.