Token holders of NFTX, which bills itself as a liquidity protocol for non-fungible tokens (NFT), are weighing a proposal to diversify its treasury shortly after one of its investments, the USD coin (USDC) stablecoin, briefly lost its peg to the U.S. dollar.
Original Source DAOEyesNFTXRebalancingTreasuryUSDCWobbles Read More
The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership.
Original Source ApprovalBusinessCryptoFocusedCustodiasFederalinconsistentModelReserve Read More
Lisa Braganca says the Terraform Labs founder and his team knowingly reached out to U.S. investors, despite being based in Singapore.
Original Source BranchCaseChiefExplainsJurisdictionKwonSECU.S Read More
On a more mechanical level, that means using bad tactics like bad sourcing or selective sourcing or the bias of omission or the bias of commission. They're increasingly doing this to advance an agenda – and that could be financial, it could be political or they are doing it to BiasDecentralizedIssuesmediaNewsSolutionTrustWeb3 Read More
The existing approach, accounting for crypto as so-called indefinite-lived intangible assets, only focuses on the assets dropping in value. According to the board’s proposal, it “does not reflect the underlying economics of those assets and does not provide decision-useful information.”
Original Source AccountingBoardCryptoFirmsPriceReportRequiringSeeksshiftsStandardsU.S Read More
Last year, $4.17 billion were stolen in 199 incidents, the firm said, a higher estimate than Chainalysis' data showing $3.8 billion stolen in 2022. With time, as more information about criminal activity emerges, these estimates may grow, Chainalysis said when it released the data in February.
Original Source 119MBlockchainCryptoCrystalNFTPullsRiseRugStolen Read More
The metaverse is a term for a virtual world where the internet exists as an immersive space that can be used for work, play, socializing, experiences and events. While there is much excitement about its potential in some quarters, it remains a largely unproven concept.
Original Source 800MAnimocaBrandsCutsFundInvestorMetaverseNFTReutersTarget Read More
If the 2024 halving follows the same pattern as earlier ones, the BTC mining industry would see “lower competitive intensity” due to the sector’s wipe-out in the bear market of 2022, and higher bitcoin prices, which would deliver improved profitability before additional mining capacity comes online, the report added.
Original Source BernsteinBitcoinCycleindustryMiningParticipatePositioned Read More
The first pillar is the soft launch of the ongoing project mBridge, a collaboration between the Bank for International Settlements (BIS) and the central banks of Hong Kong, the Chinese mainland, the United Arab Emirates and Thailand to study cross-border payments and multi-CBDC transactions.
Original Source CBDCCompletedMid2024PhaseStrategyUAEUnveils Read More
FTX Ventures invested $101 million in Mysten Labs just months before Sam Bankman-Fried’s empire collapsed. Now, Mysten is buying back the stake (and Sui token warrants) for $96 million through bankruptcy court.
Original Source 96MBankruptcyBuyEquityEstateFTXLabsMystenTokenWarrants Read More