Dozens of Twitter accounts have emerged on Twitter claiming to be related to "CryptoGPT."
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Bitcoin slips under $20K amid Biden budget, Silvergate collapse
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level.
CBDCs could be 'easily weaponized' to spy on US citizens: Congressman
Congressman Tom Emmer made the anti-CBDC comments to an audience at the Cato Institute, a think tank in Washington.
CBDCs could be 'easily weaponized' to spy on US citizens: Congressman
Congressman Tom Emmer made the anti-CBDC comments to an audience at the Cato Institute, a think tank in Washington.
CBDCs could be 'easily weaponized' to spy on US citizens: Congressman
Congressman Tom Emmer made the anti-CBDC comments to an audience at the Cato Institute, a think tank in Washington.
'I anti-endorse these projects' — Buterin's shitcoin war sees him sent another 250K
Earlier this week, the Ethereum co-founder sold $700,000 worth of “shitcoins.”
'I anti-endorse these projects' — Buterin's shitcoin war sees him sent another 250K
Ethereum co-founder Vitalik Buterin's latest salvo against “shitcoins” has ended up with him simply being sent more of it.
Only days ago, the Ethereum developer made moves to sell over $700,000 of tokens previously airdropped to him, causing the price of these tokens to fall.
Buterin has since continued his war on apparent “shitcoins.” In a Mar. 9 post on a small subreddit, Buterin labeled crypto token Bite (BITE) and most of the other coins discussed on the r/Testingtesting62831 subreddit were “shitcoins” which have “no redeeming cultural or moral value, and will probably lose you most of the money you put into them.”
Vitalik Buterin's full post on the Testingtesting62831 subreddit. Source: RedditBITE was one of the tokens Buterin sold in his shitcoin selling spree on Mar. 7, selling 3.4 million BITE for around $9,250, according to PeckShield.
“I anti-endorse these projects to the greatest extent.”
'Bad batch' or flawed design? Compass Mining flags problems with new ASIC miners
The Bitcoin mining company is stumped as to why Bitmain changed the design of the S19 Antminers.
Thailand’s $1B crypto sacrifice, Mt Gox final deadline, Tencent NFT app nixed: Asia Express
South Korea is throwing another $51 million at the metaverse, Mt. Gox saga is drawing to a close, Canaan BTC miner sales revenue plunges 60%.
Thailand’s $1B crypto sacrifice, Mt Gox final deadline, Tencent NFT app nixed: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
South Korea invests another $51M in metaverse tech
South Korea’s plans for metaverse domination are gathering pace. A Mar. 8 document prepared by the Ministry of Science and Information and Communication Technology (ICT), the National IT Industry Promotion Agency, and the Korea Radio Promotion Association, says the three entities will invest a total of 27.7 billion Korean won ($21 million) in metaverse projects across 13 sectors such as healthcare, tourism, and education. One example use case is about telemedicine in the metaverse:
“Establish a virtual counseling space and provide mental health recovery and promotion services through expert psychological counseling, healing contents, and community activities.”
The same day, South Korea‘s Ministry of Science and ICT also announced the creation of a 40 billion Korean won ($30 million) metaverse fund to be operated by local investment management companies. It cited the need to incubate domestic metaverse-related companies to become big enough to compete with global companies through the expansion of business areas and scale.
The South Korean government is betting big on the development of VR (Korean Tourism Organization)Mt. Gox’s final deadline for claims
On Mar. 9, trustees of bankrupt Japanese cryptocurrency exchange Mt. Gox announced that creditors have until Apr. 6, 2023, to complete registration to receive repayment. The biggest Bitcoin exchange in the world at the time, Mt. Gox filed for bankruptcy in 2014 after discovering that 850,000 of the exchange’s Bitcoins had been stolen via discreet hacks and siphoning over a number of years. The exchange has since recovered around 200,000 BTC. The funds have been held in trust for the creditors, with 162,106 BTC ($3.49 billion) sitting in wallet addresses tracked by Token Unlock.
Thailand’s $1B crypto sacrifice, Mt Gox final deadline, Tencent NFT app nixed: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
South Korea invests another $51M in metaverse tech
South Korea’s plans for metaverse domination are gathering pace. A Mar. 8 document prepared by the Ministry of Science and Information and Communication Technology (ICT), the National IT Industry Promotion Agency, and the Korea Radio Promotion Association, says the three entities will invest a total of 27.7 billion Korean won ($21 million) in metaverse projects across 13 sectors such as healthcare, tourism, and education. One example use case is about telemedicine in the metaverse:
“Establish a virtual counseling space and provide mental health recovery and promotion services through expert psychological counseling, healing contents, and community activities.”
The same day, South Korea‘s Ministry of Science and ICT also announced the creation of a 40 billion Korean won ($30 million) metaverse fund to be operated by local investment management companies. It cited the need to incubate domestic metaverse-related companies to become big enough to compete with global companies through the expansion of business areas and scale.
The South Korean government is betting big on the development of VR (Korean Tourism Organization)Mt. Gox’s final deadline for claims
On Mar. 9, trustees of bankrupt Japanese cryptocurrency exchange Mt. Gox announced that creditors have until Apr. 6, 2023, to complete registration to receive repayment. The biggest Bitcoin exchange in the world at the time, Mt. Gox filed for bankruptcy in 2014 after discovering that 850,000 of the exchange’s Bitcoins had been stolen via discreet hacks and siphoning over a number of years. The exchange has since recovered around 200,000 BTC. The funds have been held in trust for the creditors, with 162,106 BTC ($3.49 billion) sitting in wallet addresses tracked by Token Unlock.
Thailand’s $1B crypto sacrifice, Mt Gox final deadline, Tencent NFT app nixed: Asia Express
South Korea is throwing another $51 million at the metaverse, Mt. Gox saga is drawing to a close, Canaan BTC miner sales revenue plunges 60%.
Thailand’s $1B crypto sacrifice, Mt Gox final deadline, Tencent NFT app nixed: Asia Express
South Korea is throwing another $51 million at the metaverse, Mt. Gox saga is drawing to a close, Canaan BTC miner sales revenue plunges 60%.
Thailand’s $1B crypto sacrifice, Mt Gox final deadline, Tencent NFT app nixed: Asia Express
South Korea is throwing another $51 million at the metaverse, Mt. Gox saga is drawing to a close, Canaan BTC miner sales revenue plunges 60%.
Thailand’s $1B crypto sacrifice, Mt Gox final deadline, Tencent NFT app nixed: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
South Korea invests another $51M in metaverse tech
South Korea’s plans for metaverse domination are gathering pace. A March 8 document prepared by the Ministry of Science and Information and Communication Technology (ICT), the National IT Industry Promotion Agency, and the Korea Radio Promotion Association, says the three entities will invest a total of 27.7 billion Korean won ($21 million) in metaverse projects across 13 sectors such as healthcare, tourism, and education. One example use case is about telemedicine in the metaverse:
“Establish a virtual counseling space and provide mental health recovery and promotion services through expert psychological counseling, healing contents, and community activities.”
The same day, South Korea’s Ministry of Science and ICT also announced the creation of a 40 billion Korean won ($30 million) metaverse fund to be operated by local investment management companies. It cited the need to incubate domestic metaverse-related companies to become big enough to compete with global companies through the expansion of business areas and scale.
The South Korean government is betting big on the development of VR. Source: Korean Tourism OrganizationMt. Gox’s final deadline for claims
On March 9, trustees of bankrupt Japanese cryptocurrency exchange Mt. Gox announced that creditors have until April 6 to complete registration to receive repayment. The biggest Bitcoin exchange in the world at one time, Mt. Gox filed for bankruptcy in 2014 after discovering that 850,000 of the exchange’s Bitcoin had been stolen via discreet hacks and siphoning over a number of years. The exchange has since recovered around 200,000 BTC. The funds have been held in trust for the creditors, with 162,106 BTC ($3.49 billion) sitting in wallet addresses tracked by Token Unlock.
Bitcoin price falls to a multi-month low, but data points to a possible short-term bounce
BTC and altcoin prices succumbed to this week’s negative newsflow, but sentiment analysis and on-chain data point to the possibility of a short-term bounce.
Bitcoin price falls to a multi-month low, but data points to a possible short-term bounce
March started off on a low due to a resurrection of inflationary fears. On March 7, hawkish comments from United States Federal Reserve chairman Jerome Powell amplified the market’s expectation of a 50-basis point hike in the upcoming policy rate meeting on March 22 to March 23.
On March 8, the U.S. government’s $1 billion Bitcoin (BTC) transfer of assets seized from Silk Road sparked fears of a sell-off. Later on the same day, the largest crypto-friendly bank confirmed its collapse and planned to liquidate its crypto positions voluntarily. The week’s events sent Bitcoin to a two-week low of $20,050.
A spike in negative sentiment may preclude a bounce
The flurry of bad news and price drops caused a significant dip in CryptoQuant's Coinbase premium index, which measures the difference in trading prices on Coinbase and Binance. Higher prices indicate stronger demand in the U.S. versus the rest of the world. The premium dipped to a two-month low on the morning of March 9 as negative news piled on.
Coinbase premium index. Source: CryptoQuantOn-chain analytics firm Santiment reported fear, doubt and uncertainty (FUD) settling in the markets, increasing the “probabilities” of contrarian price bounces during this “period of disbelief.“
However, the funding rate for BTC perpetual swaps is still neutral, with no major liquidations in the futures market. It doesn’t show considerable negative bias to suggest the possibility of a short squeeze. The Fear and Greed Index also slipped to two-month lows of 44 but stayed well above historic bounce levels between 10 to 25. This suggests that any positive rallies are likely to be short-lived.
Biden budget proposes 30% tax on crypto mining electricity usage
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources.
Investors might have avoided FTX if the SEC had addressed Bitcoin ETFs, says BitGo CEO
According to Mike Belshe, the U.S. SEC’s reluctance to address a “basic” regulatory issue like the issuance of a BTC ETF could have paved the way for FTX's alleged illicit activities.