Bitcoin
JPM Cuts Coinbase Price Target Due to Regulatory Risks
Analysts at J.P. Morgan cut their price target for Coinbase (COIN) stock from $60 to $52 for the year ending in December, a report from the bank on Friday showed. Source link
Bitcoin
Bitcoin
Terraform Labs, Do Kwon Transferred More Than 10K Bitcoin Out of Platform Accounts After Collapse: SEC
“On a periodic basis since May 2022, Terraform and Kwon have transferred – and continue to transfer – Bitcoin from this wallet to a financial institution based in Switzerland and have converted the Bitcoin to […]
Bitcoin
Bitcoin NFTs Challenge the Blockchain’s Largest Use Case: Money
The challenge has been that as more Ordinals are being inscribed, the cost of bitcoin transactions has risen. That’s because Ordinals introduce additional, non-financial data on the Bitcoin blockchain that bog down on-chain confirmation times. […]
Bitcoin
Trader Frontruns Gains Network’s Listing on Crypto Exchange Binance to Profit $100K
“If this is frontrunning, there could be a few reasons for it,” he wrote. “Insider MNPI, most likely from a rogue employee connected to the listings team who would have details on new asset announcements, […]
Bitcoin
SEC Tightening of Crypto Regulations Is not an Existential Threat
The custody rule change is currently a proposal, and is favorable for bank-custodians and thus positive for crypto custodians such as Anchorage, who have bank charters, and also custodians who operate under state charters, analysts […]
Bitcoin
Calm Before the Storm: Is UK’s Financial Watchdog Gearing Up for Enforcement Action?
The Financial Conduct Authority has largely been silent while its U.S. counterparts have been busy cracking down on crypto – but it has a list of 51 unregistered firms to act on. Source link
Bitcoin
How Solvency Check Error Led to USP Depegging on Avalanche Based Platypus Finance
Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack. Source link
Bitcoin
BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company
The bankruptcy filing, made Feb. 3, was not made in good faith; the company isn’t eligible, having no employees, no income and no business; and the case exists “solely” to advance the interests of Antiguan […]
Bitcoin
Startup Sustainable Bitcoin Protocol Completes First Transaction of Clean Mining Tokens
The SBC was sold “with a discount to the market price because this was the first transaction of its kind. Based on today’s bitcoin energy consumption levels, we estimate that SBC would sell now for […]
Bitcoin
Crypto Startups Are Increasingly Postponing Token Launch Plans as Alameda Research’s Contagion Effects Linger
“Crypto liquidity is dominated by just a handful of trading firms, including Wintermute, Amber Group, B2C2, Genesis, Cumberland, and (the now-defunct) Alameda. With the loss of one of the largest market makers, we can expect […]