One-minute letter | CT

​​Web3 creators at higher a loss for royalties than anticipated: data, & Other News The best of crypto news, prepared fresh and hot every day: Binance concealed ties to China for years, even after 2017 crypto crackdown: Report Documents reviewed by the Financial Times show that Binance kept staff and operations in China despite announcing its departure in 2017. ‘Definitely not bullish’ — 7% Bitcoin price gains fail to convince traders Bitcoin simply hasn’t dealt with the worst of resistance in a key trading range for everyone to flip bullish. XRP price tags 10-month high — Can a 35% pullback be avoided? A U.S. regulator called Bitcoin, Ether and Litecoin commodities in its court filing against Binance; it did not mention XRP anywhere. Web3 creators at higher a loss for royalties than anticipated: data New data from research by eBit Labs and LiveArt marketplace reveals that the previous estimates of creator royalty losses, which were around $35 million, may be much higher. AD. Meet commercial NFTs: The next step in Web3 evolution A new survival MMORPG PvP enables players to set up shop within the game and become a core part of the blockchain economy. AD. This platform opens up an innovative solution for crypto micropayments and e-commerce This online shop highlights the advantages of crypto payments and may trigger a revolution in e-commerce.

​​Investors shelter in short-term Treasuries, reducing Bitcoin’s chance of rallying to $30K, & Other News The best of crypto news, prepared fresh and hot every day: Belgian FSMA surveys crypto investors before taking on new ad regulation authority Crypto ads in Belgium will bear a blunt warning after a new regulation takes effect in May, and “mass” advertising campaigns will be subject to advance FSMA approval. Investors shelter in short-term Treasuries, reducing Bitcoin’s chance of rallying to $30K Bitcoin price finally broke through the $28,000 mark, but BTC futures and options data suggest some traders are uneasy about the strength of the recent bullish momentum. Blockchain gaining adoption in more than just DeFi: Report Blockchain and other distributed ledger technologies are being adopted in many areas beyond DeFi and the metaverse. Price analysis 3/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL Bitcoin continues to trade near $28,000, signaling a strong demand from investors even as the legacy banking system struggles with unprecedented volatility. AD. Threats to crypto have never been greater, but mass adoption is imminent What does the future for crypto bring amid 2023’s convergence of events, challenges and opportunities?

​​Bitcoin dominance nears 50% as research hails ‘bullish’ narrative flip, & Other News The best of crypto news, prepared fresh and hot every day: FTX influencers face $1B class-action lawsuit over alleged crypto fraud promotion The suit is led by Edwin Garrison and was filed against “FTX influencers,” primarily on YouTube. Shiba Inu community divided over allegations of code, chain ID plagiarism “I just want to know why, we, a billion dollar project that paid $10m dollars to develop our layer 2, have another projects Chain ID,” wrote one user. Bitcoin dominance nears 50% as research hails ‘bullish’ narrative flip The comedown of the past nine months has disappeared during this week’s bank-crisis-inspired Bitcoin price surge. India, UAE to explore CBDC bridge to facilitate trade, remittances without USD The bridge would be the second for the UAE, whose banks successfully participated in the mBridge project last year with Hong Kong, China and Thailand. AD. First NFT real-world stores are setting a phygital trend NFT shopping becomes a real-world experience in Dubai, with physical stores opened in the international business hub. AD. Southeast Asia and DeFi’s Big Bet on the unbanked With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation.

​​Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says, & Other News The best of crypto news, prepared fresh and hot every day: Bitcoin derivatives suggest $26K resistance level won’t hold for long BTC margin and options markets show no signs of discomfort or overconfidence despite 28% gains in two days. Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says While Signature’s Barney Frank referred to the recent events with SVB as an “anti-crypto message,” Trezor’s Josef Tětek said they are “definitely good” for Bitcoin. Wyoming’s private keys bill addresses growing threat to rights and assets Wyoming’s new law ensures that courts won’t overstep their authority in requiring individuals to disclose their private keys. Bitcoin’s 2023 price action driven by the desire to regain losses, according to professional trader Crypto trader Zoran Kole joined Cointelegraph’s Crypto Trading Secrets podcast for an interview for the show’s seventh episode. CT Acceleration. AI-based tools bring security and transparency to the NFT market AI-powered blockchain analytics aims to protect NFT users from security issues haunting the ecosystem.

​​US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst calls SVB dip ‘bear trap,’ & Other News The best of crypto news, prepared fresh and hot every day: US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst calls SVB dip ‘bear trap’ Bitcoin price is up nearly 20% in days as Wall Street opens to multiple bank stocks halted due to extreme losses. Circle taps Cross River as banking partner, expands ties with BNY Mellon Circle announced a new banking partner after Silicon Valley Bank’s failure, and is expanding ties with BNY Mellon. 314M USDC sent to null address as redemptions begin: Report The token is on the verge of restoring its 1:1 peg with the U.S. dollar after falling to a historic low of $0.87 per token two days prior. Why is Ethereum (ETH) price up today? Ethereum's price is up today, with the U.S. authorities' emergency measures to contain an unfolding banking crisis improving the short-term outlook. AD. DEX aggregators: The ultimate solution to reduce price slippage in DeFi Price slippage occurs in both centralized and decentralized exchanges, but what are the causes and risks associated with it? AD. This blockchain company brings modern AgTech to smallholder farmers in developing countries The gap between technology and affordability prohibits farmers from maximizing land usage, a key contributor to world hunger.

​​Bitcoin price levels to watch as trader says ‘lights out’ below $21.6K, & Other News The best of crypto news, prepared fresh and hot every day: SWIFT moves to next phase of CBDC testing after positive results According to a recent survey by the OMFIF Digital Monetary Institute that was cited by SWIFT, 24% of central banks will introduce a CBDC within the next couple of years. Why is XRP price up today? Can Ripple pull off a win against the SEC? XRP’s price has been seeing moderate gains despite a general cryptocurrency market pullback. Bitcoin price levels to watch as trader says ‘lights out’ below $21.6K BTC price action is getting traders worried that $20,000 may not survive in the event that Bitcoin loses current support. CoinTracker integrates with H&R Block to offer crypto tax preparation The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings. AD: More and better data for DApps: This project makes it happen Giving DApps access to more data could offer more value to the masses, and one company is pioneering this shift.

​​Binance adds 11 tokens to PoR, claims $63B in reserves, & Other News The best of crypto news, prepared fresh and hot every day: Key Bitcoin price metrics point to BTC downside below $22.5K BTC’s $1,420 decline in the span of 1-hour negatively impacted demand for stablecoins in Asia and it shifted futures traders into a more defensive attitude. Why is the crypto market down today? The crypto market is down today as hawkish language from the Federal Reserve suggests that the next interest rate hike will exceed the market consensus. US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report Representatives Patrick McHenry and Ritchie Torres reportedly plan to reintroduce the Keep Innovation in America Act to address reporting requirements in the infrastructure law. Binance adds 11 tokens to PoR, claims $63B in reserves The results have not been audited by any accounting firms.

​​Bitcoin traders eye $19K BTC price bottom, warn of ‘hot’ February CPI, & Other News The best of crypto news, prepared fresh and hot every day: SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds “to make Ponzi-like payments.” Bitcoin traders eye $19K BTC price bottom, warn of ‘hot’ February CPI It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8. Is the IMF shutting the door prematurely on Bitcoin as legal tender? Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.” Naira redesign no more: President’s directive canned by Nigerian Supreme Court The Supreme Court of Nigeria says no to redesigning the naira, ruling that the old banknotes will remain in circulation. CT Acceleration: Forget time-consuming DeFi practices — Simple solutions for auto-farming DeFi is still in its infancy, yet companies are competing to offer the most convenient and high revenue-generator tools. The latest developments in the space are explored.

​​Proactive sanctions can help spare the ecosystem: Chainalysis exec, & Other News The best of crypto news, prepared fresh and hot every day: Ankr deploys $15M to make users whole as Helio stablecoin recovers after exploit Helio protocol had a total value locked of approx. $90 million before the incident. Mazars says users' BTC reserves on Binance are fully collateralized The scope of the AUP was limited to users' BTC holdings on Binance. Proactive sanctions can help spare the ecosystem: Chainalysis exec Andrew Fierman highlighted the nuances of sanctions depending on who is involved, what is at stake and where they’re coming from. Institutional investors still eye crypto despite the FTX collapse Data sent by crypto exchange Bitstamp shows that institutional registrations in the trading platform increased by 57% in November.

​​US lawmakers request answers from Silvergate over ties to FTX: Report, & Other News The best of crypto news, prepared fresh and hot every day: Chainlink launches staking to increase the security of oracle services Stakers will earn Chainlink tokens as they participate in a decentralized alerting system that flags the network when feeds are not meeting performing requirements. US lawmakers request answers from Silvergate over ties to FTX: Report Three senators said they were concerned about Silvergate following reports suggesting that the bank "facilitated the transfer of FTX customer funds to Alameda." Ethereum 'March 2020' fractal hints at price bottom — But ETH bears predict 50% crash Ethereum market analysts desperately search for the bottom but ETH price technicals aren't excluding further downside below $700. Bitcoin clings to $17K as ARK flags 'historically significant capitulation' BTC price action is suffering from FTX, but decentralized blockchains are "as strong as ever," says ARK Invest.