In the wake of a turbulent period for U.S. banks, the Pennsylvania Department of Banking and Securities has shut down Philadelphia-based Republic First Bank, also known as Republic Bank. The Federal Deposit Insurance Corporation (FDIC) has stepped in as receiver, with Fulton Bank assuming nearly all deposits and assets. Republic First Bank Shuttered as FDIC […] Source: https://news.bitcoin.com/philadelphias-republic-first-bank-closed-by-regulators-assets-assumed-by-fulton-bank/
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Bitcoin Sees Rise in Sell Calls Amid Expectations of Asian Institutional Boost
Over the past week, bitcoin has exhibited a downward trend, with its price stabilizing at around $62,950 to $63,125 per unit as of April 27. Despite this dip, the Crypto Fear and Greed Index remains firmly in the “greed” sector. According to Google Trends, interest in the term “bitcoin” has diminished, while the market intelligence […] Source: https://news.bitcoin.com/bitcoin-sees-rise-in-sell-calls-amid-expectations-of-asian-institutional-boost/
‘Cold Wallet’ Review: The First Real Crypto Film
A crypto exchange collapses in suspicious circumstances, and the overleveraged holders of its token are left out of pocket. It’s a depressingly familiar story in the world of crypto—and one that writer-director Cutter Hodierne has made the heart of his new film. “Cold Wallet” opens with everyman Billy (Raúl Castillo) talking up his surefire investment in the ominously named crypto…
Taiwan prosecutors target 20-year sentences for ACE exchange suspects
According to the prosecutors, the increased scale of the losses justifies the sentence recommendation. Source: https://cointelegraph.com/news/taiwan-prosecutors-target-20-year-sentences-for-ace-exchange-suspects
Prioritizing First-Mover Advantage Over Security Leaves Defi Protocols Vulnerable to Hacks – Nikita Ovchinnik
According to Nikita Ovchinnik, founder of Barter Defi, decentralized finance (defi) protocols are increasingly becoming the primary target of most hacking attacks because defi “lays bare its inner workings for all to see.” He said the open-source nature of defi means hackers and malicious actors have ample time to study and identify weaknesses or vulnerabilities […] Source: https://news.bitcoin.com/prioritizing-first-mover-advantage-over-security-leaves-defi-protocols-vulnerable-to-hacks-nikita-ovchinnik/
TOKEN2049 Dubai Hailed as an Outstanding Success, with 10,000 Attendees
PRESS RELEASE. Dubai, UAE — April 27, 2024 — TOKEN2049, the premier crypto event, saw record-breaking success for its inaugural Dubai conference, which took place from April 18-19, during TOKEN2049 Week. Throughout the event, attendees experienced an impressive range of panel discussions, keynotes, workshops, and exclusive networking opportunities, overcoming torrential rain to show up in […] Source: https://news.bitcoin.com/token2049-dubai-hailed-as-an-outstanding-success-with-10000-attendees/
Franklin Templeton launches Ethereum ETF, listed on DTCC
The DTCC listing of the Franklin Templeton Ethereum spot ETF does not guarantee SEC approval of the S-1 filing for a spot Ether ETF. Source: https://cointelegraph.com/news/franklin-templeton-launches-ethereum-etf-listed-on-dtcc
This Week in Coins: Bitcoin Stumbles but Meme Coins Come Out Winning—Again
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha ReportsIllustration by Mitchell Preffer for Decrypt. Bitcoin‘s movements have been unremarkable this week, weakly wavering seven days after its long-anticipated halving event—but one category of crypto has…
What is liquid staking, and how does it work?
Liquid staking reduces the minimum threshold required to earn block rewards and simultaneously enables the tokenized representation of staked assets. Source: https://cointelegraph.com/explained/what-is-liquid-staking-and-how-does-it-work
The Eroding State of Privacy in the Crypto World
The balance between privacy and regulatory compliance in the crypto world is increasingly threatened as high-profile cases, such as the sanctions against Tornado Cash and the legal troubles of Samourai Wallet, come to the fore, prompting a robust response from the community and its leaders. Crypto’s Battle for Privacy Intensifies in Face of Regulatory Clampdown […] Source: https://news.bitcoin.com/the-eroding-state-of-privacy-in-the-crypto-world/