Crypto
Wazupnaija – Naija Entertainment blogs & Forums – Business – Crypto
CME Group to launch 3 metaverse reference rates
Derivatives marketplace CME Group is planning to launch reference rates and real-time indexes for three metaverse crypto assets, allowing investors to track pricing data more reliably using a methodology commonly used in traditional finance. Beginning Jan. 30, CME Group and CF Benchmarks will launch reference rates for Axie Infinity Shards (AXS), Chiliz (CHZ) and Decentraland’s MANA (MANA), the company announced on Jan. 5. The reference rates and indexes are not tradeable products but instead can be used by investors to “price sector-specific portfolios, develop structured products […] and manage price risk around various Metaverse-based projects,” said Giovanni Vicioso, CME Group’s head of cryptocurrency products. The reference rates and real-time indexes for AXS, CHZ and MANA will ...
US authorities are turning their attention to FTX’s Nishad Singh: Report
The United States Securities and Exchange Commission and Commodity Futures Trading Commission and prosecutors are reportedly investigating former FTX engineering director Nishad Singh for potentially having a role in defrauding investors and users. According to a Jan. 5 report from Bloomberg, U.S. officials are looking at individuals in former FTX CEO Sam Bankman-Fried’s inner circle as part of their criminal probe of the exchange’s collapse. Bankman-Fried has pleaded not guilty to all criminal charges against him, but former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang reached plea deals with prosecutors in December, admitting to fraud at the company. Sam Bankman-Fried has arrived in court for his arraignment. We’re told he will plead not guilty to all the cha...
Asia Express: China’s NFT market, Moutai metaverse popular but buggy…
In a joint effort between the state-owned Chinese Technology Exchange, the state-owned Art Exhibitions China and the corporation Huban Digital Copyrights Ltd, China’s first national NFT marketplace is scheduled to come online this week. It’s designed as a secondary market for trading digital collectibles, along with copyrights for digital assets. Perhaps unsurprisingly, it’s built on China’s national Wenbao, or “cultural protection” blockchain, which helps verify the authenticity of artifacts and commercial goods. Currently, only the NFT platform’s landing page is accessible. 1400 blockchain firms in China On Dec. 29, the state-owned China Academy for Information and Communications Technology, or CAICT, disclosed in its national white paper that over 1,400 blockchain firms are operating in...
Mutant Ape Planet creator arrested in NY for alleged $2.9M NFT ‘fraud’
The developer of a Mutant Ape Yacht Club knock-off collection — Mutant Ape Planet — has been arrested in New York, charged with allegedly “defrauding” investors of $2.9 million in a “rug pull scheme.” The arrest took place on Jan. 4 at the John F. International Airport in New York, with homeland security agent Ivan J. Arvelo alleging that French national “Aurelien Michel perpetrated a rug pull scheme” and stole “nearly $3 million from investors for his own personal use,” stating: “Purchasers of Mutant Ape Planet NFTs thought they were investing in a trendy new collectible, but they were deceived and received none of the promised benefits” Internal Revenue Service agent Thomas Fattorusso was also cited in a press release from the Department of Justice, alleging that “Miche...
Metacade Gears Up for 100x Gains after MCADE is selling out quickly in Presale
Metaverse and GameFi company Metacade (MCADE) is causing quite a stir in the crypto industry. With its presale selling out quickly, there is already talk of Metacade gearing up for 100x gains. Read on to learn why so many crypto analysts and experts are so excited by this P2E (play-to-earn) newcomer – and why you should waste no time in checking out the Metacade presale. For a great investment opportunity, it has to be Metacade If you’re looking to invest in cryptos in 2023, the GameFi / P2E sector offers excellent potential. And if you’re looking to invest in the best GameFi / P2E companies, Metacade is gaining increasing traction and standing in the sector. In fact, some seasoned market watchers have been talking of potential 100x gains from the Metacade presale, based on its g...
Alex Mashinsky sued by NY AG for allegedly hiding Celsius’ ‘dire financial condition’
New York Attorney General Letitia James has filed a lawsuit against Alex Mashinsky, alleging the Celsius founder and CEO made numerous “false and misleading statements” which led to investors losing billions. In a Jan. 5 announcement, the New York Attorney General’s office announced the lawsuit, which allegedly involved defrauding investors — including more than 26,000 residents of the U.S. state — out of billions of dollars worth of crypto. According to James, Mashinsky’s actions leading up to Celsius declaring bankruptcy contributed to investor losses by misrepresenting the platform’s financial condition and failing to abide by certain regulatory requirements. “As the former CEO of Celsius, Alex Mashinsky promised to lead investors to financial freedom but led them down a path of f...
Redeeming physical NFTs: Easier said than done?
Despite the crypto winter, nonfungible tokens (NFTs) continue to draw interest. This has become apparent as many brands and retailers have started to offer digital NFTs attached to physical products. Known as “phygitals,” these offerings allow real-world products to be tied to digital NFTs. For example, RTFKT — a digital fashion and collectible company — recently launched a project called Cryptokicks iRL. According to sources, RTFKT is creating digitally-designed sneakers backed by a physical product. RTFKT’s official Twitter account recently tweeted that Lace Engine NFT holders will be able to reserve a pair of Cryptokicks iRL, which can then be redeemed for its physical version starting May 1, 2023. 1/ We are allowing all Lace Engine holders to reserve their sneakers in the RTFKT I...
Three Arrows Capital founders subpoenaed on Twitter
Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies were subpoenaed on Twitter on Jan. 5, after the liquidators granted permission from Singapore authorities following a United States bankruptcy court order, according to information given to Cointelegraph by advisory firm Teneo. In the case of Davies, the Southern District of New York Bankruptcy Court granted the subpoena order as he is a U.S. citizen, while the Singapore courts granted the order to both co-founders, explained a spokesperson from Teneo. As reported by Cointelegraph, liquidators’ lawyers have repeatedly failed to engage with the founders in recent months. “A communication protocol was agreed between the liquidators and founders but has not yielded satisfactory cooperation,” according to a hearing presenta...
Crypto in 2023 — Do bulls have a chance? Watch Market Talks on Cointelegraph
On this week’s episode of Market Talks, Cointelegraph welcomes Mohit Sorout, co-founder of Bitazu Capital, a proprietary algorithmic trading and investment management platform. This week, to kick things off, we get to know a little bit about Sorout, his background in finance and trading. We also dive into his skillset, trading style and unique approach to the crypto markets. We get his view on the current Bitcoin (BTC) market sentiment and price action. Is Bitcoin finally shifting toward a bullish trend? Volatility has been low across the board as things have been pretty boring, but Ether (ETH) and BTC both have reported record-low volatility. What does this mean, and is this a positive sign or a negative one? What about altcoins, should traders be paying close attentio...
Why Do Traders Use Multiple Screens? – 5 Reasons
The first question you are likely to consider when planning your trading monitor setup is whether multiple monitors are necessary. The answer to this varies, but traders tend to favor using multiple monitors for several reasons. Trading can be a stressful task, and it is a trader’s job to transform charts, indicators, and tickers into information that supports our trading objectives. This task is easier to achieve with the right tools, and the monitors you use can create an efficient working environment where you can focus on key details and break down unpredictable trend patterns. Here’s what you need to know about using multiple screens. 5 main benefits of using multiple screens Traders use multiple screens because: 1. Stay up to date on current events Macroeconomic fac...
Twitter data breach: Hacker put 200M users’ private information up for grabs
200 million Twitter users’ private information, including their email addresses, was put for sale after a breach exposed 400M users’ private information in the last week of December 2022. The hacker behind the December breach has earlier demanded $200,000 from Twitter in a bid to return the stolen data and warned if the demand is not fulfilled, the data will be released for free. The latest set of data posted on the hacker forum has been traced back to the same breach from December 2022. IMPORTANT UPDATE ON THE TWITTER HACK: https://t.co/05z8gQm9ZW pic.twitter.com/8sGpIMuOeN — Hudson Rock (@RockHudsonRock) January 3, 2023 Researchers at Privacy Affairs confirmed that the leaked data set on the hacker forum is the same from December. The 200 million number, in this case, resulted from the r...
‘Big move brewing’ for BTC price? Bitcoin may stay flat, hints analyst
Bitcoin (BTC) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come. BTC/USD is currently seeing some of the least volatile conditions in its history, price metrics show. Volatility far from guaranteed Since the FTX crisis, Bitcoin has settled into a historically narrow trading range which refuses to budge. Despite macro triggers, low-volume holiday trading and a yearly candle close, BTC price action has stuck rigidly to a zone focused on $17,000. This is the least volatile period in the history of the Bitcoin historical volatility index (BVOL), and other data likewise shows that such sideways behavior is extremely rare. Two months after FTX, traders and analysts alike are hotly debating when the breakout will come for BTC/USD — and in which ...
