Discover seven advanced humanoid robots, their capabilities and applications in various fields.
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7 advanced humanoid robots in the world
Discover seven advanced humanoid robots, their capabilities and applications in various fields.
Fed balance sheet adds $393B in two weeks — Will this send Bitcoin price to $40K?
The U.S. central bank's liabilities may increase if more regional banks fail, creating an upside scenario for the price of Bitcoin.
Fed balance sheet adds $393B in two weeks — Will this send Bitcoin price to $40K?
As of March 22, the Fed's balance sheet surged by nearly $94.5 billion — a $297 billion increase from the last week when the banking crisis started.
New QE hopes boost Bitcoin price
Overall, the U.S. central bank's liabilities increased by $393 billion in the last two weeks to $8.734 trillion. That is closer to the all-time high of $8.95 trillion a year ago when the Fed started its quantitative tightening program and reduced its assets by $600 billion.
Federal Reserve balance sheet as on March 24. Source: FREDThe Fed released the data on March 23, coinciding with Bitcoin (BTC) price rallying 5.5% toward $29,000. The rise occurred amid speculations that the Fed's expanding balance sheet results from quantitative easing (QE).
BTC/USD daily price chart. Source: TradingViewBut the Fed did not use new dollar reserves to purchase long-term treasuries. Instead, the central bank dropped its U.S. Treasury holdings by $3.5 billion to $7.937 trillion, suggesting that quantitative tightening is still in place to curb inflation.
On the other hand, Fed's balance sheet grew because it dispatched short-term loans to the ailing banking sector.
Binance launches internal investigation following KYC bypass rumors
Following allegations that Binance employees and volunteers help users bypass KYC protocols, the crypto exchange says it is launching an internal investigation.
How Montana stands to benefit if its pro-crypto mining bill is approved
Montana is could face a series of changes if its pro-crypto mining bill is approved.
How Montana stands to benefit if its pro-crypto mining bill is approved
Montana is could face a series of changes if its pro-crypto mining bill is approved.
zkSync Era launches with Uniswap and Sushi — First zkEVM on mainnet
A new Era has dawned with the launch of the first Ethereum Virtual Machine compatible ZK rollup, enabling projects like Uniswap and Sushi to easily port over for scaling.
Heavyweight champ Oleksandr Usyk seeks to tokenize boxers’ careers
Olympic champion boxer Oleksandr Usyk partners with a new blockchain-powered tokenized ecosystem platform aimed at supporting aspiring boxers.
Heavyweight champ Oleksandr Usyk seeks to tokenize boxers’ careers
Olympic champion boxer Oleksandr Usyk partners with a new blockchain-powered tokenized ecosystem platform aimed at supporting aspiring boxers.
Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets
One wallet received $2 million in ARB while another collected around $1.38 million worth of tokens.
Binance employees allegedly help customers in China bypass KYC controls
A new investigation claims that Binance’s billion-dollar security protocols are being manipulated by users around the world through inside help.
USDT issuer Tether has up to $1.7B in excess reserves, CTO says
Tether CTO Paolo Ardoino believes that USDT is becoming the “safest asset to hold in the world” amid the banking crisis.
Arbitrum airdrop: Hacked vanity addresses used to siphon $500K
The tokens were stolen by someone who compiled vanity addresses that were eligible to receive $ARB airdrops, generated similar addresses using vanity address generators and directed the airdrops to them instead.
Arbitrum airdrop: Hacked vanity addresses used to siphon $500K
The tokens were stolen by someone who compiled vanity addresses eligible for ARB airdrops.
Greenpeace war on Bitcoin unintentionally spawns 'badass' new mascot
Greenpeace’s “Skull of Satoshi” artwork highlights their gripes with Bitcoin’s consensus mechanism, but Bitcoin supporters adopted it as a new mascot.
Cathie Wood's ARK loading up on Coinbase shares again, buying $18M
ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year.
'Surgical removal' of crypto will only weaken USD dominance, commentators say
A day after Coinbase received an SEC Wells notice, industry commentators weighed in on what recent regulator actions mean for America's crypto future.
3AC co-founder can answer subpoena or 'take his chances' — US judge
The U.S. judge presiding over the Three Arrows Capital bankruptcy case has upped the pressure on Kyle Davies to comply with a January-issued subpoena.
Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Chinese crypto billionaire sued by SEC
On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against Chinese blockchain personality and billionaire Sun Yuchen — better known as Justin Sun — and three of his wholly-owned companies Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly known as BitTorrent).
The complaint alleges that Sun and his companies “fraudulently” manipulated the secondary market for Tron (TRX) tokens through “extensive wash trading”, citing more than 600,000 such trades, and paying celebrities to promote TRX and BitTorrent (BTT) tokens with zero disclosure.
Multiple prominent American celebrities, such as Lindsay Lohan and Jake Paul, were named as defendants in their alleged roles in promoting TRX and BTT without proper disclosure. Some have since settled with the SEC. In addition, the SEC alleges that bounty programs and airdrops used to promote TRX and BTT were unregistered investments. Gary Gensler, chairman of the SEC, commented:
“As alleged, Sun and his companies not only targeted U.S. investors in their unregistered offers and sales, generating millions in illegal proceeds at the expense of investors, but they also coordinated wash trading on an unregistered trading platform to create the misleading appearance of active trading in TRX.”
