bithubi - Tumblr blog

[bithubi]

SEC signals potential action against Uniswap Labs

The U.S. Securities and Exchange Committee (SEC) has indicated potential enforcement action against Uniswap Labs, the main developer of one of the world’s leading cryptocurrency exchanges, according to a blog post published by the company on Wednesday. Uniswap Labs reported the SEC notice but did not disclose the exact reasons for the regulator’s notice. The SEC’s action comes from Coinbase…

[bithubi]

Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print

Bitcoin (BTC) climbed back to $70,000 Wednesday, reversing its knee-jerk taban following hotter-than-anticipated U.S. inflation veri for March. BTC slipped nearly 4% to $67,500 during early U.S. hours after a government report showed the Consumer Price Index (CPI) rising faster than analyst expectations, prompting investors to temper their expectations for rate cuts this year. The taban echoed…

[bithubi]

Former Ethereum Adviser Intends to Sue U.S. Government for $9.6B Over Dropped Extortion Charges

Steven Nerayoff, an early adviser to the Ethereum network, has filed a notice of his intent to sue the U.S. government for $9.6 billion in damages connected to his 2019 arrest on criminal extortion charges, which his lawyers called “fabricated” and “baseless.” Nerayoff’s Federal Tort Claims Act (FTCA) form, which was provided to CoinDesk by his lawyers, is the first step towards filing a lawsuit…

[bithubi]

Hong Kong's Incoming Spot Bitcoin ETFs Could Be 'Big Deal.' Here's What Analysts Say

Heightened anticipation for spot-based bitcoin ETFs in the U.S. and the eventual inflows supercharged bitcoin’s run-up to new all-time highs, and now Hong Kong regulators reportedly are inching closer to approving similar funds, news that thus far has been mostly unnoticed in crypto circles. These vehicles, however, could open the floodgates for Chinese investors looking for a new haven next to…

[bithubi]

DeFi Exchange Uniswap Receives Enforcement Notice from the SEC

Decentralized crypto exchange Uniswap received a notice from the U.S. Securities and Exchange Commission (SEC) that it intends to pursue an enforcement action, the company disclosed on Wednesday. Uniswap CEO Hayden Adams announced the receipt of the so-called Wells notice on X, saying he wasn’t surprised, “just annoyed, disappointed, and ready to fight.” Wells notices are preliminary warnings…

[bithubi]

NEAR to Hire Artificial-Intelligence Engineers as Part of AI Roadmap

Layer-1, NEAR, will hire artificial-intelligence (AI) engineers as part of its 3-6 month roadmap to building user-owned AI. According to a deck reviewed by CoinDesk, the company is planning to hire AI engineers “soon,” and its product team is working to plan AI workstreams over a 3-6 month transition phase. The deck was presented earlier today via a virtual town hall meeting by NEAR co-founder…

[bithubi]

The Protocol: How to Engineer Harder Money, or Just Make Your Own

Bitcoin’s supply growth is set to automatically drop by 50% when next week’s “halving” arrives, Ethereum is pondering a cut in ETH issuance, and göğüs coin issuers are just no-holds-barred spinning up new ones. What’s clear is that blockchain tech enables all sorts of monetary strategies. In this week’s issue: Network News Side-by-side charts showing impact of the proposal to adopt a new…

[bithubi]

EigenLayer, Crypto's Biggest Project Launch This Year, Is Still Missing Crucial Functionality

The blockchain project EigenLayer didn’t go live on Ethereum’s mainnet until Tuesday, but it had already become one of the network’s biggest-ever protocols, with $12 billion worth of user deposits – a hot ticket partly because of its highly touted innovation of “restaking,” a new technology that could usher in dramatic changes in the way crypto protocols bootstrap their security. A closer…

[bithubi]

Binance 'Working Collaboratively' With Nigerian Government to Free Detained Executive, Compliance Chief Says

Binance is “working as collaboratively as we can” with the Nigerian government to secure the release of its jailed financial crimes investigations chief, Tigran Gambaryan, the exchange’s chief compliance officer Noah Perlman said Wednesday. Gambaryan, a former IRS special agent who pivoted to Binance in 2021, pleaded not guilty this week to committing money laundering, tax evasion and…

[bithubi]

The Rise of Crypto Options and Structured Products

The crypto options space, primarily on the retail side, has had stints of exponential momentum starting from July 2021 until June 2022, followed by a decimation in vault TVL and absolute returns during periods of pronounced realized volatility. The retail consensus from options and structured products vaults, which have employed systematic short volatility strategies is far from…

[bithubi]

Hong Kong prepares to launch first spot bitcoin ETFs

Hong Kong is on the verge of introducing the first spot bitcoin exchange-traded funds (ETFs), with the first approvals expected next week, according to people with knowledge of the situation. The launch timeline also exceeds cutoff estimates for later in the year, as the city prepares to become the first city in Asia to offer these popular ETFs. This breakthrough comes as Hong Kong regulators…

[bithubi]

BTC Halving: Sell-The-News or Buy-The-Alt-Rotation

“IBIT is the fastest growing ETF in the history of ETFs,” Blackrock (BLK) CEO Larry Fink recently declared in an interview with Fox Business. The SEC approval of spot Bitcoin ETFs in January and subsequent performance has driven BTC and the broader crypto market to new heights. First, Bitcoin itself has made a new “all-time-high,” as prices broke past $70,000. U.S. based CME futures contracts…

[bithubi]

Bitcoin ETF Move from Hong Kong: Giant Companies Are in the Game!

The Hong Kong regulator has approved the administration of Harvest International and China Asset Management “Coins Circles”. Thus, they finally opened the doors for the spot Bitcoin ETF. Expectations are for a spot Bitcoin ETF to launch by the end of April. Additionally, experts expect Hong Kong’s spot Bitcoin ETF market to reach approximately $2 billion. Approval for two giant companies: Green…

[bithubi]

Crypto Derivatives Exchange Stream Trading Raises $1.5M in Seed Funding

The company building Stream Finance, one of the Ethereum blockchain’s newest crypto derivatives platforms, has raised $1.5 million from Polychain and a handful of angel investors. Stream Trading raised its seed round at a $20 million valuation, founder Diogenes Casares said in an interview with CoinDesk. He and co-founder Solal Afota built the team quickly to capitalize on this year’s crypto…

[bithubi]

Half of Solana Pre-Sales Are Scams, Blockaid Says

Blockchain security firm Blockaid said 50% of recent pre-sale token launches on Solana have been malicious. Bad actors have used social-engineering techniques on channelsincluding Telegram, Twitter and Discord to trick users into interacting with malicious smart contracts or websites. “They are focused both on memecoins as well as existing projects, for example just in the coming days we’ve…

[bithubi]

Hot US Post-CPI Bitcoin Assumptions Show These Levels!

Today’s US CPI came in above expectations. Moreover, banks such as JPMorgan, Citi and Goldman Sachs claim that the US CPI will rise in the coming months. This made the Fed’s interest rate cut doubtful. Now, analysts’ Bitcoin predictions show lower levels. Bells are ringing for $100 thousand Bitcoin predictions! The US Office of Labor Statistics announced the March Consumer Price Index (CPI) as…

[bithubi]

EU's MiCA Rules Have Had Little Influence on the European Crypto Market, Regulator Says

The European Union’s crypto asset regulation, which became law in 2023 and starts to take effect at year-end, has yet to spur any increase in euro-denominated crypto transactions, the bloc’s securities regulator said. “The announcement of the MiCA regulation has not caused an increase in euro volumes at the current juncture but could constitute a potential growth driver evvel implemented in…