Revolte has been approved for the current @gitcoin G18 round!
If you want to support us that would be amazing!
Latest News in Crypto - May 22nd Support our Daily #CryptoNews Post: Follow, like, mirror, collect for free 🙏
🚨 Lawsuit against SBF emerges. Former FTX executives SBF, Gary Wang, and Nishad Singh accused of misusing $220M client funds for dubious Embed acquisition. Alameda Research, involved fund, insolvent. Transactions disguised for self-protection. Embed had $37M assets, $25K profit (Mar '22). Ex-CEO received $55M bonus + $100M as shareholder.
💎 Coinbase introduces premium offering. Launching subscription service, Coinbase One, providing fee discounts, 24/7 support, and reduced staking fees. Initially for US, UK, Germany, Ireland customers at $29.99/month.
🌐 Ripple unveils CBDC solution. Global deployment of platform to assist central banks and financial institutions in creating and managing digital currencies. Offers flexibility for tailored CBDCs.
⚠️ CFTC warns DeFi. President Rostin Behnam states DEXs will be regulated by CFTC or SEC, regardless of "self-executing" protocols. Focus on what US customers are offered and exposed to.
💫 Compound deployed on Arbitrum. Users can now access Compound via second-layer solution Arbitrum. Supported assets include ETH, ARB, WBTC, GMX.
🔗 Chainlink partners with Coinbase Cloud. Coinbase Cloud joins as Chainlink's node operator, enhancing security and reliability. Supports leading blockchains, strengthening Web3 ecosystem's decentralization.
Latest News in Crypto - May 19th Support our Daily #CryptoNews Post: Follow, like, mirror, collect for free 🙏
📢 Filecoin faces SEC threat. SEC tells Grayscale Investments that Filecoin "meets the definition of a financial security." Grayscale disputes, noting staff opinions ≠ official position. SEC requests withdrawal of Filecoin Trust registration statement.
💰 Voyager to reimburse clients from June 1st. Voyager Digital begins liquidation, aiming to repay clients in cash and crypto. Court-approved, clients initially expect ~36% recovery, which may increase pending resolution of Voyager's dispute with FTX.
🔄 Uniswap explores deployment on Coinbase's Layer 2. Discussions underway for Uniswap integration on Coinbase's Base Layer 2 solution. Enhances user access to Uniswap DEX. Coinbase's project offers accessible, cost-effective platform for decentralized apps.
💰 Tether plans Bitcoin investments. Tether reveals $82B asset reserves, including gold and Bitcoin. Bitcoin comprises 2% (null.5B) of reserves. Tether now allocates 15% of net profits to Bitcoin purchases, citing its strength and potential as an investment asset.
⛔️ Pakistan bans crypto services. Pakistan prohibits crypto services and rejects legalizing crypto trading, says Minister of State for Finance and Revenue. However, crypto adoption remains high, with Pakistani citizens holding around $20B in crypto.
💼 Circle safeguards reserves. Stablecoin issuer Circle rebalances $30B USDC reserves to prepare for potential US debt default. Circle Reserve Fund, managed by BlackRock, adds $8.7M in leveraged repurchase agreements for liquidity protection.
So happy to announce the results of HackaTRON S4 as the winners announcement just came through...
🏆 We won 2 prizes!!! 🏆
🥈 2nd prize - $15.000 (GameFi category - by Judges) 🥉 3rd prize - $4.000 (GameFi category - by Community)
Our project has been branched into 2 versions:
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Revolte which leads to the installation of Metamask wallet, and exploration of EVM compatible blockchains. www.revolte.app/
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RevoluTRON, where you'll install TronLink wallet, and explore Tron blockchain ecosystem. revolutron.vercel.app/
Latest News in Crypto - May 16th Support our Daily #CryptoNews Post: Follow, like, mirror, collect for free 🙏
📢 Circle prepares for potential US default. Stablecoin issuer Circle adjusts cash reserves to reduce risks. CEO Jeremy Allaire reveals modified USDC reserves, avoiding long-term Treasury bonds. Aims to protect against potential debt exposure.
💡 Ethereum's OFAC-Compliant blocks decrease. Percentage of compliant blocks drops from 80% (Nov 2022) to 27% now. Reduces risk of block censorship by validators.
💼 UK tax authority seeks power to seize funds on exchanges. Considering regulations to seize cryptocurrencies from businesses evading taxes. Modernizing tax collection, including accessing online wallets.
⛔️ Former SEC official proposes banning USDT. Urges US regulators to ban USDT, calling it a "gigantic house of cards." Tether lacks regulatory constraints and a legal framework for US operations.
🔎 SEC investigates Marathon Digital. US BTC mining company receives new SEC subpoena. Investigating potential violations of federal securities laws at Montana facility. Marathon cooperating with the agency.
⚽️ Chiliz launches mainnet. Unveils Chiliz Chain mainnet to connect fans, communities, and sports teams through blockchain. Empowers sports brands with $CHZ token for next-gen experiences.
Latest News in Crypto - May 15th Support our Daily #CryptoNews Post: Follow, like, mirror, collect for free 🙏
🚨 The IRS demands $44 billion from FTX and its subsidiaries, including Alameda Research, for unpaid taxes on corporate income, personal income, and some payroll taxes. These demands have priority over other creditors, including customers who lost money in FTX's bankruptcy.
🔥 Ethereum experienced a temporary issue preventing blocks from being finalized for about 30 minutes. The bug was a "liveness leak," but no validators were penalized for not doing their job correctly. The issue seems to be resolved, but the exact cause is still unknown.
💰 Changpeng Zhao, the founder and majority shareholder of Binance US, is reportedly considering strategies to reduce his stake in the exchange. This discussion began last summer, before the CFTC filed a complaint against the platform.
💸 A judge ruled that BlockFi customers holding cryptocurrencies in non-interest-bearing deposit accounts can recover about $300 million. Customers with interest-bearing accounts are not eligible. BlockFi has until May 15 to file its bankruptcy exit plan.
👮♂️ The IRS Criminal Investigation and Chainalysis will provide blockchain analysis tools and cybersecurity training to Ukrainian agencies to target financial networks used by sanctioned Russian oligarchs who attempt to conceal their assets.
👨⚖️ Do Kwon and his partner's lawyers are proposing a $400,000 bail and house arrest as they await trial in Montenegro on charges of using "falsified documents." Despite extradition requests from the US and South Korea, they will likely be tried in Montenegro first.
Latest News in Crypto - May 5th Support our Daily #CryptoNews Post: Follow, like, mirror, collect for free 🙏
1/ 🔴 Bittrex US has filed for Chapter 11 bankruptcy protection for its US entity, Bittrex Inc. However, its global platform, Bittrex Global, will continue to operate normally. Bittrex reassures its US customers that their funds remain safe and secure.
2/ 💰 SBF has filed preliminary motions to dismiss most charges against him, arguing that prosecutors have not demonstrated any valid property rights violations. However, charges of fraud, conspiracy, and money laundering are still in place.
3/ 📈 Fees for Bitcoin transactions have skyrocketed due to hype around Ordinals and BRC-20, causing a block's transaction fees (6.7 BTC) to exceed the rewards (6.25 BTC) awarded to miners. While this presents a problem for users, it benefits Bitcoin miners securing the network.
4/ ⛔️ Bitcoin developer L. Dashjr wants to ban Ordinals, saying they cause too many problems with the spam filter, making network fees too high.
5/ 🌍 Coinbase is exploring the potential of Dubai as a strategic hub due to favorable crypto regulations and its location as a gateway between Europe and Asia. The exchange is working with local regulators to obtain new licenses to expand its business there.
6/ 💳 MakerDAO has unveiled Spark, a DeFi lending platform to enhance decentralized lending solutions for its stablecoin, DAI. Spark is an Aave v3 software fork with direct lending capabilities in MakerDAO, allowing users to borrow DAI using assets such as ETH, stETH, and DAI.
7/ 🚪 Paxful has reopened its P2P BTC exchange after more than a month of closure due to concerns over client fund safety. A dispute between the two co-founders had threatened the assets of Paxful's clients.