It’s surprising that the CFTC was the first U.S. regulator to sue Binance — picking 10 books to read on Sunday from columns and interviews published this week.
Hyperinflation, then Bitcoin?
Twitter recently announced that 1 Bitcoin (BTC) could reach 100 in just 90 days (by June 15, 2023) due to inflation in the United States, according to former Coinbase Chief Technology Officer Balaji Srinivasan. It was excited to accept a bet from James Medlock that it would be worth $1.3 million. …read more
“Crypto asset winter” ends long-term ownership of mining companies
Since the bull market, Hut 8 Mining, which has taken a long-term holding strategy, finally changed its strategy on March 7th and invested 188 bitcoins in February to use as daily working capital. BTC) has been sold. The company was the last fully owned mining company to go public. …read more
Binance Lawsuit, How Harmful Will It Hurt Crypto Assets?
Cryptocurrency exchange Binance and CEO Changpeng Zhao were caught off-guard by a civil lawsuit decision by the U.S. Commodity Futures Trading Commission (CFTC) on Wednesday.
After avoiding the establishment of a permanent headquarters for many years, Binance has worked with regulators in the United States and other countries and regions to operate in a compliant manner in the more than 100 countries and territories it serves. I’ve been having conversations. …read more
US Banks Leave Crypto Assets, Opportunity for Europe
Europe may be able to turn this crisis into an opportunity as American crypto firms desperately seek alternatives to Silvergate and Signature banks.
There was a time when Europe struggled to catch up to the US in cryptocurrency innovation. Since the birth of crypto assets, stablecoins, trading volume and adoption, the United States has been considered the center. …read more
Cega, which deals with structured bonds in DeFi, has raised a total of 1.3 billion yen ──Future developments and the future of DeFi from the CEO
Cega Genesis Corporation (Cega), which develops structured bonds for crypto assets in DeFi (decentralized finance), has announced that it has raised additional funds of approximately 700 million yen with Dragonfly Capital Partners as underwriters. The cumulative amount raised in the seed round has reached about 1.3 billion yen.
As a pioneer of crypto-asset structured bonds in DeFi, Cega launched services on the Solana blockchain in June 2022. …read more
SEC’s ad hoc approach exposes its weaknesses
The US Securities and Exchange Commission (SEC) launched a triple attack on March 22nd. Coinbase, America’s largest cryptocurrency exchange, said it has received a warning from the SEC that it intends to sue for violations related to its staking service and possibly its token listing.
Separately, the SEC has sued Justin Sun, one of the richest and most influential entrepreneurs in the cryptocurrency industry. …read more
Bitcoin wins banking crisis, but illiquidity blocks path for USD hedging
If Bitcoin (BTC) had a marketing team, the last month could not have been better. Confidence in Western banks has been devastated and people are frantically looking for alternatives to protect their assets. It’s time for Bitcoin.
Bitcoin is truly decentralized money that is not controlled by anyone and was created for times like these. …read more
To make use of movements of large investors in investment decisions
Who is the smartest in the cryptocurrency industry? How are those people spending their capital?
“Smart money”, though not a precise definition, is a term that describes a class of investors and traders, often those who have an advantage in trading for the simple reason that they have access to abundant capital. Point. …read more
Crypto Assets, The Solution, Not The Cause Of Bank Runs
The US Federal Deposit Insurance Corporation (FDIC) announced late on March 26 that the failed Silicon Valley Bank was to be acquired by First Citizens Bank.
Bank runs and bankruptcies occurred not only at Silicon Valley Bank, but also at Silvergate Bank and Signature Bank, and concerns about bank runs at First Republic Bank spread. …read more
Crypto Assets Rise Significantly in 1st Quarter – Impact of Tighter Regulation and Damaged Reputation?
The start of 2023 has been an eventful one, with a year’s worth of news packed into just three months. Year-to-date returns for crypto assets were likewise much larger than in a typical quarter. …read more
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