neoncrypto

[neoncrypto]

BTC and ETH Surge Over 6% Ahead of Manufacturing and Services PMI Figures

Bitcoin and Ethereum have seen a surge of over 6% in their respective values ahead of the release of Manufacturing and Services PMI figures. As investors await the results of these economic indicators, both cryptocurrencies have experienced upward momentum in their prices.  Bitcoin, the world’s largest cryptocurrency, has managed to stop its downward rally and drew some fresh bids around above…

[neoncrypto]

CBDCs could put banks' profits at risk, as per this report

Emerging CBDC cross-border transaction technology can put the banks’ profits at risk, as per a new Moody’s report. Cross-border CBDC transactions would require entirely new infrastructure, reducing the role of banks even further. Emerging central bank digital currency (CBDC) cross-border transaction technology has the potential to transform the global economy by making services for many of its…

[neoncrypto]

Bitcoin, Other Crypto See $360 Million Sold Off In Single Day

Bitcoin (BTC) and other cryptocurrencies sustained a considerable blow as the U.S. Federal Reserve’s decision to raise interest rates resulted in the liquidation of hundreds of millions of dollars from the markets.  The collapse of multiple banks has already led to an increase in liquidity, causing a reversal of a significant portion of the quantitative tightening measures in just one week. Now,…

[neoncrypto]

Kraken joins list of crypto firms cutting ties with troubled banks

Kraken crypto exchange has reportedly informed its customers that as of March 27, deposits and withdrawals via ACH Silvergate and Plaid will no longer be available.  Kraken cuts ties with Silvergate  Jesse Powell’s Kraken crypto exchange has reportedly informed its users that as of March 27, automated clearing house (ACH) deposits and withdrawals through its banking partner, Silvergate, will no…

[neoncrypto]

Ethereum Co-founder Joseph Lubin Reiterates ETH Is Not Security but Commodity like Oil

Ethereum price gained approximately 4 percent in the past 24 hours to trade around $1,815 during the early Asian market on Friday. In the recent White House annual economic report to Congress, the Joe Biden administration noted that most crypto assets are unregulated securities,  a commodity, a derivative, or other financial products, depending on the underlying fundamentals. As a result, all…

[neoncrypto]

Character.AI Reached Unicorn Status after $150M Series A Funding

Before becoming a unicorn, Character.AI had constantly hit milestones since its beta launch in September 2022. As the AI buzz continues, Silicon Valley chatbot startup Character.AI has attained a unicorn status after securing $150 million in a funding round. The company announced the Series A round earlier in the month. Having generated this amount, Character.AI saw its valuation rise to $1…

[neoncrypto]

Ripple Letters Get SEC Reply, How It May Affect The Ruling

The US Securities and Exchange Commission (SEC) has filed its response to Ripple Labs’ letters regarding supplemental authority in the Bittner and Voyager cases. As Bitcoinist reported, the Voyager judge found strong words for the unclear regulatory situation of the US crypto industry. Ripple filed the decision as a supporting argument for its fair notice defense, pointing to bankruptcy judge…

[neoncrypto]

Tapping into blockchain tech for revenue generation

When people think about generating revenue and making money with blockchain technology, minds immediately jump to the prices of tokens like BTC and ETH that have characterized the last half a decade in the industry. I’m not interested in any of that “crypto going to the moon” stuff. Instead, I will highlight a few ways blockchain technology can help businesses generate new revenue and save on…

[neoncrypto]

FTX Wants to Clawback VC Funds Invested in Modulo Capital

Modulo Capital, an investment firm created by three former Jane Street executives, has been dealing with a request from the FTX Group for the return of VC investments received from Alameda Research. Old Friends The executives in question, Xioayun “Lily” Zhang and Duncan Rheingans-Yoo, were known to Sam Bankman-Fried from his stint as an employee of Jane Street, and later left to create their own…

[neoncrypto]

Enabling DeFi for Bitcoin: An interview with Mintlayer co-founder Enrico Rubboli

Mintlayer is a layer 2 protocol that allows users to build a decentralized finance ecosystem rooted in the established network of the Bitcoin blockchain. Mintlayer is the only DeFi platform that is directly interoperable with native Bitcoin. In an interview with co-founder Enrico Rubboli, we talked about the vision behind Mintlayer, its use cases, its recent token launch, and what’s ahead. 1.…

[neoncrypto]

Was ALGO affected post termination of Coinbase staking rewards? Exploring...

Coinbase has terminated Algorand’s staking rewards. Despite the development, ALGO did not experience negative impacts. The latest victim of the SEC’s continuous crackdown on multiple exchanges may be Algorand [ALGO]. According to a recent notification, ALGO stakes will no longer be eligible for incentives from Coinbase. Is your portfolio green? Check out the Algorand Profit Calculator The…

[neoncrypto]

BAYC clones rise as BTC ordinals fees spike

As a result of the increased interest in digital collectibles sparked by replicas of a top NFT line, the total number of bitcoin ordinals has already surpassed 550,000. According to a study published by Dune Analytics, the total daily transaction costs for minting bitcoin ordinal inscriptions hit a new all-time high on March 23 at 9.28 BTC, equivalent to around $257,460. Around $3.3 million in…

[neoncrypto]

Greenpeace war on Bitcoin unintentionally spawns 'badass' new mascot

Environmental group Greenpeace’s latest salvo against Bitcoin (BTC) has seen the commissioning of an artwork aimed at highlighting its climate impact. Instead, the art piece has been widely praised by Bitcoiners, who want to adopt it as its mascot. On March 23, the climate activism group partnered with art activist Benjamin Von Wong for its ongoing “change the code, not the climate” campaign that…

[neoncrypto]

UNI users under risk from fake ETH/ARB pool: Are your holdings safe?

ARB buyers on Uniswap might be at risk of losing funds to fake ARB. UNI might be headed for some more upside as whale demand picks. Though Arbitrum [ARB] has finally been AirDropped successfully, the initial hype has already led to some risk for Uniswap [UNI] users. A fake ETH/ARB pool has already been created, and was out to get unsuspecting users. Is your portfolio green? Check out the…

[neoncrypto]

Crypto platform Ziglu courting buyers as Robinhood deal collapses

Ziglu is in talks with investors to purchase the firm at a lower price. The London-based company has hired investment bankers to handle the sale. Following the failure of its acquisition agreement with Robinhood (HOOD), cryptocurrency platform Ziglu is in discussions with investors interested in buying it for a lesser price, according to a 23 March report. As per the article, the London-based…

[neoncrypto]

Brit who consulted North Korea on crypto reportedly detained in Moscow

The local bureau of Interpol detained a British national charged by the United States Department of Justice (DoJ) in Moscow. He’s being alleged of conspiring to violate U.S. sanctions on North Korea.  As reported by the local media on Feb. 21, Christopher Emms has been arrested in Moscow upon the “red notice” from Interpol. A 31-year-old British citizen was detained in the hostel where he was…

[neoncrypto]

Pudgy Penguins & Retail Monster partner to launch Pudgy Toyline

Pudgy Penguins recently announced a partnership with Retail Monster to launch its Pudgy Toyline. The collaboration will see Retail Monster helping to deliver family brands to Retail. The announcement was made via Pudgy Penguins’ official Twitter handle. As per the tweet, the partnership will put the Pudgy Toyline on every retailer’s shelves globally. It will also leverage Pudgy’s IP to facilitate…