NFTs
Korea-based Steemhunt accuses Binance of copying Chatcasso to launch Bicasso
Binance allegedly copied the idea for "Bicasso" from Steemhunt's "Chatcasso"- an AI product that won the BNB Chain hackathon of December 2022.
Christian Nwobodo Recent Articles
Bankruptcy
Argo blockchain requests trading be restored on LSE, looks to raise funds
Argo said it is working to avoid filing for a Chapter 11 bankruptcy, however, "there is no assurance that it will avoid such filing."
Banking
Bitcoin Group set to acquire German’s oldest Bank for over $15M
The takeover of Bankhaus von der Heydt will see the Bitcoin Group own two banking licenses from Germany, following its earlier acquisition of the Futurm digital bank.
Stablecoins
Tron’s USDD stablecoin falls to $0.97 as it loses dollar peg
Justin Sun-led TRON has deployed about $200,000 to defend the USDD peg.
DeFi
Grayscale opens DeFi Fund to public investors
US-based investors can gain exposure to Grayscale's DeFi Fund by purchasing the DEFG Shares in the OTC market.
Bear Market
Amber Group reportedly set to end $25M Chelsea deal, lays off 40% of workforce
Amber Group was caught up in the FTX contagion but set to survive by cutting costs across the board.
Regulation
SEC urges crypto companies to disclose exposure to recent market collapse
U.S.-based crypto companies are expected to submit a disclosure document detailing their exposure to the FTX collapse, and efforts made to protect customers.
Bear Market
Huobi predicts crypto market bottom in early 2023
According to Huobi Research, Bitcoin may reach the bottom of $15000 around March 2023, which will signal the next crypto market rebound.
Stablecoins
Waves down 12% as Upbit issues investment warning
Upbit has cautioned its users against investing in WAVES as its high volatility may result in unexpected losses for its investors.
Stablecoins
USDC could get access to Fed’s RRP via BlackRock partnership
Barclays Strategist Joseph Abate said that BlackRock's participation in the Fed's RRP program will give USDC indirect access to a risk-free central bank liability.
Exchanges
Binance CEO CZ confirms exchange has no outstanding loans
CZ said that the exchange has no outstanding loans, adding that it is harder to audit its liabilities.
Crime
US DOJ charges former CTO of blockchain company for fraud scheme
Rikesh Thapa conspired to sell about 174,285 of the blockchain company's utility tokens and claimed that the cash he received were counterfeit.
Regulation
ECB’s Fabio Panetta says crypto needs regulation to maintain stability
Fabio Panetta said that the recent implosions may not be the endgame for crypto, if appropriate regulation is introduced globally.
