[ad_1]
Cryptocurrencies are back in business this Thursday (26), in line with a greater appetite for risky assets in global markets. Investors are more excited about earnings season numbers in the US and Europe.
Automaker Tesla, which also reported earnings, did not sell or buy Bitcoin in the fourth quarter.
Bitcoin (BTC) is up 1.5% over the last 24 hours, quoted at $22,969.41. In fact, BTC is showing little variation, trading at BRL 117,423.22, according to the Bitcoin Portal Index (IPB).
Ethereum (ETH) rose 3.7% to $1,606.41, according to data from Coingecko.
Major altcoins are in positive territory, including BNB (+1.3%), XRP (+1.3%), Cardano (+5.3%); Dogecoin (+2.6%), Polygon (+4.5%), Solana (+5.6%), Polkadot (+2.4%), Shiba Inu (+2.9%) and Avalanche (+3).5%).
Binance stablecoin reserves
The market value of the BUSD stablecoin, issued by Binance, has accelerated its decline amid issues involving the currency-pegged token of the world’s largest crypto exchange.
BUSD circulating supply fell to $15.4 billion on Wednesday (25), shrinking by $1 billion last week and $2 billion in the month, according to CoinGecko. In December, BUSD’s market capitalization was US$ 22 billion.
Crisis and Incident
Roger Ver, the principal creator of Bitcoin’s most popular “hard fork” Bitcoin Cash (BCH), is accused of defaulting on Genesis, a bankrupt crypto creditor in the US. Genesis demanded that Ver pay him $20.9 million in monetary damages, plus legal costs and expenses. According to Bloomberg, the platform argues that the entrepreneur did not complete a cryptocurrency options transaction that ended in December.
Also known as “Bitcoin Jesus,” Ver says he has enough money to pay for Genesis. But the CEO of Bitcoin.com remembers that an agreement between the parties requires an “Event to remain able to pay”.
Genesis is controlled by conglomerate Digital Currency Group (DCG), which also owns Grayscale Investments, crypto news portal CoinDesk and Luno, a cryptocurrency exchange that announced a 35% layoff of the team.
London-based Luno has a total of 960 employees, meaning more than 330 jobs will be lost as a result of layoffs, The Block reports.
Global regulators are tightening the noose
The collapse of the FTX exchange and the contagion of other companies in the sector “awakened” global regulators, who rushed to make rules to curb illegal practices in the market.
US Senator Elizabeth Warren, a Democrat, advocated for tighter regulation of the crypto industry at an event hosted by the American Economic Freedom Project on Wednesday (25).
“The solution starts with the SEC,” Warren said of the US equivalent of CVM. “The SEC has a long history of fighting exactly the battle we are in right now.”
Regulators have accelerated attacks on irregular operations in a coordinated manner.
In the Netherlands, US crypto exchange Coinbase was fined €3.32 million ($3.6 million) by the Dutch central bank for offering services to customers without registration.
And Europol agents recently arrested the CEO and four directors of another crypto exchange Bitzlato, accused of allowing criminals to hide more than $1 billion in assets resulting from illegal activity through the platform. The arrests in Europe come after the US Department of Justice (DOJ) accused Bitzlato of money laundering and the broker’s founder, Anatoly Legkodymov, was arrested in Miami last week.
According to a Reuters report based on an investigation by Chainalysis, Binance moved more than 20,000 bitcoins — $345.8 million at the time of operations — on Bitzlato.
Amazon Bank and Lotus Fraud
In Brazil, the Federal Public Ministry lashed out at eight businessmen accused of operating a network of financial firms advising fraud and high-risk investments involving cryptocurrencies, foreign exchange and binary options.
According to the Special Action Group to Combat Organized Crime (Gaeco), the scheme revolves around the company Amazon Bank, Lotus Corporate Group and Lotus Business Center. The accused will transfer millions of reais from victims who were arrested in the states of Amazonas, Pará, Rio Grande do Norte and Roraima.
Cybersecurity in Brazil
A survey by Kaspersky, a company specializing in cybersecurity, at the request of Folha, shows that the volume of digital threats detected and stopped in Brazil has fallen to pre-Covid-19 levels. Malware (malicious program) detections fell 12% year-over-year. The analysis highlights that the decline is the result of better prepared companies, but also more selective cybercriminals and more expensive attacks.
The experts heard by Folha also point out that threats exploiting the metaverse and using more sophisticated artificial intelligence systems are emerging as allies of digital criminals.
Robinhood’s Twitter account was hacked
And speaking of cybercriminals, Robinhood’s Twitter account was hacked on Wednesday and used to promote a fraudulent crypto project on an online trading platform.
The hacker announced the release of a token named $RBH which they claim will be available on Binance Smart Chain for $0.0005. About 25 people bought fake tokens before the link was removed. The total amount purchased was less than $8,000, according to The Block.
Robinhood may be hacked pic.twitter.com/UgRD3UCbo9 — db (@tier10k) January 25, 2023
Another cryptocurrency highlight
The recently enacted São Paulo City Data Access and Transparency Act brings new things to the definition of blockchain, in a sign that the technology can be used by the public administration of the capital city of São Paulo, according to Valor. Fighting corruption, efficient billing and financial inclusion are possible applications, but the law does not specify which cases to use.
MB will “export” Brazilian fixed income tokens, which will be distributed through CriptoLoja, the Portuguese subsidiary of 2TM, the holding company of the exchange. In an interview with Valor, Reinaldo Rabelo, CEO of MB, said that the goal is to provide the entire range of products in Brazil, including native stablecoins, which are in demand by Brazilians living in Europe.
“We want to bring our experience, not only with digital fixed income, to the European ecosystem, but also in regulated infrastructure”, Rabelo highlights. The token is expected to return between 7% and 9% annually in dollars.
And MB launched Latin America’s first learn-to-earn project. This initiative seeks to inform and educate users, and offer the opportunity to be rewarded financially at the end of the program, while helping to broaden the investor base of the protocols involved. The first act in question is Nodle — a pioneering connectivity startup in the development of smartphone-powered decentralized networks.
Samsung will bring its Samsung Wallet service to Brazil and seven other markets, a digital wallet that will allow you to collect information in one place such as passwords, identities and airline tickets, in addition to making payments and storing cryptocurrency, Exame said. The service will be available to Galaxy smartphone users in Brazil, Australia, Canada, Hong Kong, India, Malaysia, Singapore and Taiwan in late January.
Big companies like Porsche entering the blockchain space will usually attract a lot of interest from non-fungible token (NFT) collectors. However, the German automaker’s costly NFT launch was far from a sale, forcing Porsche to downshift and cut supplies.
Crypto Morning Post: Binance Stablecoin Value Shrinks $2B; Coinbase fined and Bitcoin (BTC) back high appeared first on Portal do Bitcoin.
[ad_2]
Source link
