News – Page 51

Here’s How Much APT, OP, AXS, APE, and Sui Will be Unlocked in October

Axie Infinity, Optimism, and Aptos are set to release more than $130 million into the market collectively. Axie Infinity has the largest increase in the circulating supply of its AXS token at 11.5%. This release comes after a previous unlock in July, which saw 3.4 million AXS tokens valued at $16.3 million enter the market. The distribution of these tokens will primarily benefit the project’s team, with $28.9 million going to staking rewards and $16 million for play-to-earn.

Source: Wayne Jones, 2023-10-03; https://cryptopotato.com/heres-how-much-apt-op-axs-ape-and-sui-will-be-unlocked-in-october/

BIS and Central Banks Make Waves with Successful CBDC Test in Project Mariana

The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland just recently announced the successful completion of a new CBDC initiative called Project Mariana. This project tested cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) between financial institutions. As per reports, the novel project leverages the concepts of Decentralized Finance (DeFi) technology on a public blockchain, possibly bringing a new dawn in the digital currency world.

Source: Wayne Jones, 2023-10-02; https://cryptopotato.com/bis-and-central-banks-make-waves-with-successful-cbdc-test-in-project-mariana/

Here’s When Former Celsius CEO Mashinsky Is Officially Headed To Trial

Alex Mashinsky – former boss of defunct crypto lending firm Celsius – is scheduled to begin his criminal fraud trial on September 17, 2024. Mashinsky is accused of defrauding his former company Celsius out of millions of dollars. The trial is expected to last for up to two years, with the jury expected to reach a verdict by the end of September 2024. The jury is expected to decide whether or not Mashinsky should be tried for criminal fraud. The verdict is scheduled for September 20, 2024, and the jury will be sequestered for the duration of the trial.

Source: Andrew Throuvalas, 2023-10-04; https://cryptopotato.com/heres-when-former-celsius-ceo-mashinsky-is-officially-headed-to-trial/

Romania has Blocked Aid for Ukrainian Refugees

The European Commission instructed Bucharest to redirect funds it had received for other projects but had not yet spent into assistance for Ukrainian refugees. Some of that money was previously meant, for example, for the REACT-EU program, which provided financial relief to alleviate the consequences of the COVID-19 pandemic. Nearly two billion euros were supposed to be available for food and accommodation for over five million people who crossed the border seeking refuge in Romania. More than 1.5 billion of it never reached the refugees, as Context.ro found.

Source: Written by OCCRP, CONTEXT.RO, 2023-10-05; https://www.occrp.org/en/daily//en/daily/18091-romania-has-blocked-aid-for-ukrainian-refugees

Decoding the Bitcoin Halving Phenomenon: Separating Hype, Hope, and Historical Patterns

Changpeng Zhao recently shared his thoughts and observations on the dynamics and sentiments surrounding Bitcoin halvings based on his experiences during the past three events. The cryptocurrency community buzzes with excitement and curiosity in the months leading up to a Bitcoin halving. One common misconception is that BTC’s price prospects and potential impact on the broader market dominate online and offline platforms. The halving generates a mix of anxiety and hope among participants. Some investors worry about the event’s uncertainty, while others anticipate potential bullish trends in Bitcoin’s price, hoping for profitable outcomes.

Source: Wayne Jones, 2023-10-10; https://cryptopotato.com/decoding-the-bitcoin-halving-phenomenon-separating-hype-hope-and-historical-patterns/

Bitcoin Dominance Reaches 4-Month Peak as Altcoins Lose Momentum (Market Watch)

BTC’s dominance over the market has increased to 50% – the highest since June. This comes as most alternative coins are trading in the red once again, with AVAX leading the way south (-3%). The beginning of last week was a lot more exciting for BTC, which pumped by over a grand and a half on Monday alone to tap a 6-week peak at over $28,600. However, it quickly lost its momentum and retraced back down to around $27,000.

Source: Jordan Lyanchev, 2023-10-10; https://cryptopotato.com/bitcoin-dominance-reaches-4-month-peak-as-altcoins-lose-momentum-market-watch/

Roughly $7B in Crypto Laundered Through DEXs, Cross-Chain Bridges, and Coin Swaps: Report

The second edition of the State of Cross-chain Crime report revealed that sanctioned entities and terrorists now hold more than 80 crypto assets across over 26 blockchains. Elliptic analysts had predicted that the amount laundered through DEXs, bridges, and coin swaps would rise to $6.5 billion by the end of 2023 and $10.5billion by 2025. In the first and previous edition of The State of cross-chain crime report released in October 2022, Elliptics had predicted the amount of illicit assets laundered would rise.

Source: Mandy Williams, 2023-10-09; https://cryptopotato.com/roughly-7b-in-crypto-laundered-through-dexs-cross-chain-bridges-and-coin-swaps-report/

Cardano Founder Says SBF Getting a Free Pass From the Media Shows the Levels of Corruption

Charles Hoskinson, the founder of the Cardano blockchain, has slammed the mainstream media and everyone who is trying to paint the wrongdoings of Sam Bankman-Fried as mistakes. Hoskinson said it seemed “extraordinary” to him that SBF, who he tagged the “Bernie Madoff of my generation,” was getting a free pass from the media because he has “the right friends.” He insisted that such development was evidence that things had gotten “profoundly corrupt”

Source: Mandy Williams, 2023-10-10; https://cryptopotato.com/cardano-founder-says-sbf-getting-a-free-pass-from-the-media-shows-the-levels-of-corruption/

Japan to Embrace Dogecoin’s Dog Statue in November

The crowdfunding campaign, launched on Kabosu’s 17th birthday on Nov. 2, 2022, will end with the unveiling of the dog statue in Sakura Furusato Square at the beginning of November this year. The statue will serve as a physical meeting place for Doge enthusiasts worldwide, coming together to pay tribute to the profound impact of one woman, one dog, one photograph, and one meme on the world. Gary Lachance, a board member of the Dogecoin Foundation, stated: ”It’S quite a thrill to see this long-held dream of the doge community finally being realized”

Source: Wayne Jones, 2023-10-08; https://cryptopotato.com/japan-to-embrace-dogecoins-dog-statue-in-november/

Gold Erases All Yearly Gains After a 7% Decline in 2 Weeks, How Does it Compare to Bitcoin?

Gold has been among the most popular investment tools for wealth preservation. However, its performance on weekly, yearly, and even 10-yearly scales is not all that impressive. At the same time, BTC is a much newer concept that takes gold’s unique qualities a step further. And, even though it has disadvantages of its own, it has performed much better lately. It has typically blossomed during economic uncertainty. This can be seen during (and mostly after) several previous financial crises, including the one from 2008.

Source: Jordan Lyanchev, 2023-10-08; https://cryptopotato.com/gold-erases-all-yearly-gains-after-a-7-decline-in-2-weeks-how-does-it-compare-to-bitcoin/

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