Holpop

Holpop Be up-to-date with all the latest crypto news! Holpop.com brings you all the latest and to-the-point daily news about the crypto market. Long Story Short!
(3)

Argo Blockchain will not file for bankruptcy because it has reached an agreement with Galaxy DigitalMining company Argo ...
28/12/2022

Argo Blockchain will not file for bankruptcy because it has reached an agreement with Galaxy Digital

Mining company Argo Blockchain will not file for bankruptcy as it sells its Helios mining center to Galaxy Digital for $65 million.
The company will also receive $35 million in financing from Galaxy Digital.
In addition, Argo has a two-year agreement with Galaxy and will become a hosting partner for Helios.

Kraken announces it is leaving the Japanese marketThe Kraken Exchange announced that it will cease operations in Japan a...
28/12/2022

Kraken announces it is leaving the Japanese market

The Kraken Exchange announced that it will cease operations in Japan and cancel its registration with the Financial Services Agency by January 31, 2023.
The company attributed the decision to "current market conditions in Japan and the decline of the cryptocurrency market worldwide."
The exchange will close its subsidiary Payward Asia Inc and shut down deposits on Jan. 9.
Kraken had already withdrawn from the Japanese market in 2018, but returned in 2020.

U.S. authorities arrest Mango Markets hackerU.S. federal authorities have arrested Abraham Eisenberg in Puerto Rico for ...
28/12/2022

U.S. authorities arrest Mango Markets hacker

U.S. federal authorities have arrested Abraham Eisenberg in Puerto Rico for fraud on the decentralized exchange Mango Markets. He was charged in U.S. District Court for the Southern District of New York.
Eisenberg himself is charged with fraud and commodity manipulation.
In October, Eisenberg led a team that used Mango Markets and took $114 million out of it by manipulating the price of the exchange's native token, MNGO.
Other projects have also been robbed using this method.

HSBC has filed trademark applications focusing on cryptocurrencies, meta-universes and NFTHSBC Bank has filed trademark ...
28/12/2022

HSBC has filed trademark applications focusing on cryptocurrencies, meta-universes and NFT

HSBC Bank has filed trademark applications focusing on cryptocurrencies, meta-universes and NFT.
According to the application, HSBC plans to expand a number of its digital services, including those related to the exchange and transfer of virtual currencies.
The trademark applications also detail several products and services related to the meta universe. In particular, the bank plans to "provide banking services in the meta universe" and "provide virtual credit and debit card processing."
According to the documents, the company also plans to introduce "downloadable digital files authenticated by NFT."
Previously, HSBC opened a representative office in The Sandbox.

DeGods requested $5 million from Solana Foundation to change its decision to migrate to EthereumDeGods and Y00ts NFT pro...
28/12/2022

DeGods requested $5 million from Solana Foundation to change its decision to migrate to Ethereum

DeGods and Y00ts NFT projects from the Solana ecosystem will leave the network and migrate to other blockchains.
The DeGods team said it will move to Ethereum and Y00ts will move to Polygon.
In early December, rumors circulated at Art Basel that the DeGods team had requested $5 million from the Solana Foundation to stay on blockchain. This information was confirmed by a Solana Foundation representative to CoinDesk.
A CoinDesk source also said that Y00ts will receive a grant from the Polygon team for migrating to their network.

Argo Blockchain suspended trading of its sharesMining company Argo Blockchain suspended trading of its shares on the Nas...
28/12/2022

Argo Blockchain suspended trading of its shares

Mining company Argo Blockchain suspended trading of its shares on the Nasdaq for 24 hours.
Trading is expected to resume tomorrow.
The company previously published materials saying it could file for bankruptcy if it can't raise financing.

Nexo denied Vauld's claims that the acquisition was terminatedYesterday, Vauld founder and CEO Darshan Bathija sent an e...
27/12/2022

Nexo denied Vauld's claims that the acquisition was terminated

Yesterday, Vauld founder and CEO Darshan Bathija sent an email to the company's creditors saying that the deal with Nexo had been terminated.
However, Nexo sent an open letter to Vauld's creditors and emphasized that no one had terminated the deal.
The letter also stated that Vauld's financial advisor had misrepresented and manipulated Nexo's previous offer.
"Kroll Singapore's behavior raises many questions about the administrator's objective and independent approach to presenting possible restructuring scenarios, as opposed to actively pushing a self-serving agenda toward fund manager participation," Nexo said.
Nexo has put forward a final proposal that records a number of changes. In particular, the company is proposing to relax performance metrics (KPIs) for resuming withdrawals.

Fidelity Investments has filed trademark applications focusing on NFT and meta universesFidelity Investments has filed t...
27/12/2022

Fidelity Investments has filed trademark applications focusing on NFT and meta universes

Fidelity Investments has filed trademark applications focusing on NFT and metavolumes.
The filings also state that Fidelity plans to provide a wide range of virtual investment services such as mutual funds, pension funds, investment management and financial planning.

Palau will release its own Stablecoin in partnership with RippleThe Archipelago of Palau has partnered with Ripple to de...
27/12/2022

Palau will release its own Stablecoin in partnership with Ripple

The Archipelago of Palau has partnered with Ripple to develop its own national steiblocoin.
According to President Surangel Whipps, the initiative will provide simple and secure digital payments and help develop the region's digital identity.

Palau does not have an established central bank, so the state simply uses the U.S. dollar as its official currency.
Palau will also be issuing digital passports for its residents in the form of NFTs, which will be issued on the BNB Chain.
President Whipps said he is communicating with Changpeng Zhao and Vitalik Buterin to develop these initiatives.

Mining pool BTCcom suffered a $3 million cyberattackBTCcom mining pool underwent a cyberattack, resulting in a $3 millio...
27/12/2022

Mining pool BTCcom suffered a $3 million cyberattack

BTCcom mining pool underwent a cyberattack, resulting in a $3 million loss to the company and its customers.
The attackers stole about $700,000 in customer assets and $2.3 million in company assets.
BIT Mining and BTCcom contacted law enforcement authorities in Shenzhen. Some of the funds have already been recovered.

Nexo declined to buy VauldNexo backed out of a deal to buy troubled cryptocurrency company Vauld.Vauld had previously su...
27/12/2022

Nexo declined to buy Vauld

Nexo backed out of a deal to buy troubled cryptocurrency company Vauld.
Vauld had previously suspended all services on its platform and began considering restructuring options.
As of today, it is known that the company owes its creditors about $402 million, 90% of which is due to deposits from individual retail investors.

Japan plans to lift ban on foreign steblecoin tradingJapan's Financial Services Agency (FSA) will lift the ban on domest...
27/12/2022

Japan plans to lift ban on foreign steblecoin trading

Japan's Financial Services Agency (FSA) will lift the ban on domestic distribution of foreign stablcoins in 2023.
New rules for stablocoins will allow local exchanges to trade such assets, subject to asset retention through deposits and a remittance cap.

"If payments using stabelcoins spread, international money transfers could become faster and cheaper," the report said.
Allowing the distribution of foreign stablocoins would also require additional regulations, the FSA said.
In June 2022, Japan's parliament passed a law banning the issuance of stablcoins by non-bank institutions. To date, no local exchange provides trading in assets such as USDT or USDC.

SEC asks court to withhold some documents in case against RippleThe U.S. Securities and Exchange Commission (SEC) has fi...
27/12/2022

SEC asks court to withhold some documents in case against Ripple

The U.S. Securities and Exchange Commission (SEC) has filed a motion asking the court to seal documents with the speech of former SEC finance director William Hinman that could be used in the case against Ripple.
The regulator said they were irrelevant to the summary judgment.
In 2018, Hinman stated that Ethereum and bitcoin are not securities.
However, Ripple believes this speech is vital evidence that will help the company in its case against the SEC.
The Commission also demanded that information about the SEC's expert witnesses and XRP holders who submitted their declarations be sealed. In addition, the regulator demanded that documents that relate to internal debates at the agency and discussions by officials be sealed.

The bitcoin network lost more than 30% of its hash rate due to the U.S. winter stormThe bitcoin network lost more than 3...
27/12/2022

The bitcoin network lost more than 30% of its hash rate due to the U.S. winter storm

The bitcoin network lost more than 30% of its hashrate due to an Arctic blast and storm in the U.S., with processing power falling from 230 EH/S to 155 EH/S.
The climate disaster left thousands of homes and businesses across the country without power.
Riot Blockchain said it was closing its plant in Rockdale, Texas because of extreme weather conditions. Core Scientific and Compass Mining took a similar stance.

League of Legends and Destiny developers to release AAA game on Immutable X blockchainGame company Metaverse Game Studio...
27/12/2022

League of Legends and Destiny developers to release AAA game on Immutable X blockchain

Game company Metaverse Game Studios, which includes the developers of Far Cry, League of Legends, Destiny and Diablo Immortal, will launch a AAA game called Angelic.
Angelic is in the MMORPG genre, developed on Unreal Engine 5 and is currently in alpha testing. The game itself will be hosted on the Immutable X blockchain.
Its release is scheduled for late January 2023.
The basic idea behind Angelic is that thanks to Immutable X's ZK-rollup technology, players will have full ownership of all their game assets in the form of carbon-neutral NFTs, which will be secured on the Ethereum blockchain.

1inch Network activates Fusion update1inch Network has activated the Fusion update, which aims to provide cost-effective...
27/12/2022

1inch Network activates Fusion update

1inch Network has activated the Fusion update, which aims to provide cost-effective, secure and profitable swaps for cryptoinvestors.
Fusion will allow investors to place orders with a predetermined price and time range without paying network commissions.
The new functionality also protects clients from possible MEV attacks.

In addition, Fusion includes updated contracts for staking and tokenomics.

Ripple develops smart contract functionality for XRPLIn a discussion on Twitter, Ripple's director of developer relation...
27/12/2022

Ripple develops smart contract functionality for XRPL

In a discussion on Twitter, Ripple's director of developer relations Matt Hamilton said the company is developing smart contracts for the XRP Ledger (XRPL).
"Most of the necessary features (interchangeable tokens, NFT, escrow, multi-signature, decentralized exchanges) are already built into the network. But yes, smart contracts are in development," he wrote.
Earlier it became known that Peersyst Technology is testing an EVM-sidechain for XRPL.

In the last 9 months, cryptocurrency CEOs have lost about $116 billionAccording to Forbes, a bear market and a wave of b...
27/12/2022

In the last 9 months, cryptocurrency CEOs have lost about $116 billion

According to Forbes, a bear market and a wave of bankruptcies in the crypto industry has caused founders and heads of crypto projects to lose a total of about $116 billion in the past nine months.
In March, Changpeng Zhao's stake in Binance was valued at $65 billion, today at $4.5 billion.
Coinbase CEO Brian Armstrong's fortune is now valued at $1.5 billion, but was around $6 billion in March.
Ripple co-founder Chris Larsen fell from $4.3 billion to $2.1 billion.
And the fortune of Gemini exchange co-founders Cameron and Tyler Winklevoss dropped from $4 billion to $1.1 billion.
Among those who lost billionaire status were FTX co-founders Sam Bankman-Fried and Gary Wang, whose assets were valued at $24 billion and $5.9 billion respectively in March and already at $0 in December.
According to Forbes, Digital Currency Group founder and CEO Barry Silbert also completely lost his $3.2 billion fortune due to the problems caused by the collapse of FTX.

Mining companies owe creditors more than $4 billion for 2022Public mining companies owe more than $4 billion to their cr...
27/12/2022

Mining companies owe creditors more than $4 billion for 2022

Public mining companies owe more than $4 billion to their creditors.

The companies mostly racked up loans during the 2021 bull market.

According to the Hashrate Index, Core Scientific alone owed more than $1.3 billion, followed by Marthon at $851 million.
Most companies have begun the restructuring process to reduce debt.

Brazilian investment funds allowed to invest in digital assetsThe Brazilian Securities and Exchange Commission (CVM) has...
27/12/2022

Brazilian investment funds allowed to invest in digital assets

The Brazilian Securities and Exchange Commission (CVM) has allowed investment funds to invest in cryptocurrency assets.
Digital assets will be able to be part of a fund's portfolio if they are traded at institutions licensed by the Central Bank of Brazil, CVM or the U.S. regulator.

District judge recused herself from legal proceedings with Sam Bankman-Friede because of conflict of interestCircuit Jud...
27/12/2022

District judge recused herself from legal proceedings with Sam Bankman-Friede because of conflict of interest

Circuit Judge Ronnie Abrams recused herself from legal proceedings with Sam Bankman-Friede because of a potential conflict of interest.
Abrams noted that her husband, Greg Andres, is a partner in the law firm Davis Polk & Wardwell, which was a consultant to FTX in 2021. In addition, the firm has also represented parties in the courts who may oppose FTX and Bankman-Fried himself.
"My husband was not involved. However, to avoid any possible conflict or appearance thereof, the Court hereby dismisses this case," the statement reads.

Caroline Ellison says she knowingly defrauded creditorsFormer Alameda Research CEO Caroline Ellison said she knowingly m...
27/12/2022

Caroline Ellison says she knowingly defrauded creditors

Former Alameda Research CEO Caroline Ellison said she knowingly misled creditors about the amount the company borrowed from cryptocurrency exchange FTX.
"From 2019 through 2022, I was aware that Alameda had access to a line of credit on FTX, which Mr. Bankman-Fried manages. From a practical standpoint, this arrangement allowed Alameda access to an unlimited line of credit with no collateral required, no negative balance and no margin requirement in the FTX liquidation protocols," she said.
Allison added that she and former FTX CEO Sam Bankman-Fried agreed to hide the arrangement by creating false financial statements.
She also admitted that her company knowingly used FTX customer funds.

Paxos returned PAXG tokens that were stolen from FTXPaxos has returned $20 million worth of Paxos Gold (PAXG) tokens tha...
27/12/2022

Paxos returned PAXG tokens that were stolen from FTX

Paxos has returned $20 million worth of Paxos Gold (PAXG) tokens that were stolen from FTX in November.
The company froze 11184 PAXG at the attackers' addresses and moved the stolen tokens to a zero wallet, then burned them.
Paxos later minted an equivalent number of coins and returned them to circulation.

International Chess Federation begins cooperation with AvalancheThe International Chess Federation (FIDE) has announced ...
27/12/2022

International Chess Federation begins cooperation with Avalanche

The International Chess Federation (FIDE) has announced a partnership with the blockchain Avalanche, in which FIDE will integrate chess into Web3.
According to the federation, the partnership will help improve the operational efficiency of tournaments for players and improve the integrity of the game, through the onchain publication of tournament data and player rankings.
In addition, Ava Labs will sponsor physical and digital chess tournaments around the world, including the World Chess Championship and the Chess Olympics.
"Chess is a unique sport, and this collaboration will bring our community together and strengthen ties between players, clubs, federations and FIDE," said FIDE CEO Emil Sutovsky.

OpenSea starts blocking users from CubaThe OpenSea Marketplace has begun blocking users from Cuba, citing U.S. sanctions...
27/12/2022

OpenSea starts blocking users from Cuba

The OpenSea Marketplace has begun blocking users from Cuba, citing U.S. sanctions.
According to Artnet, the platform has already blocked 30 artists and collectors.
"We comply with U.S. sanctions law. Our terms of service expressly prohibit sanctioned individuals, individuals in sanctioned jurisdictions or services from using OpenSea," said an OpenSea spokesperson.

Previously, the platform also blocked users from Venezuela, Iran and Syria.

Aave integrates Chainlink oracle-based reserve proof systemDecentralized lending protocol Aave will implement a Chainlin...
27/12/2022

Aave integrates Chainlink oracle-based reserve proof system

Decentralized lending protocol Aave will implement a Chainlink oracle-based reserve proof system.
The system will work to protect assets issued across bridges on Avalanche.
"Using Chainlink's Proof-of-Reserves system, Aave will be able to ensure that intermediate assets accepted on the platform are fully secured before allowing users to borrow against them," said Max Melcher of Chainlink Labs.

OKX will publish a reserves report every monthCryptocurrency exchange OKX has published its second report confirming its...
27/12/2022

OKX will publish a reserves report every month

Cryptocurrency exchange OKX has published its second report confirming its reserves.
The company has also implemented a feature that allows customers to check the exchange's assets.
The report says that OKX wallets hold 113754 BTC ($1.87 billion). In turn, the share of user assets is 112192 BTC. Thus, the security ratio is estimated at 101% (the previous report, this parameter was 102%).

The collateral of USDT is 101%, ETH - 103%.
The company said it will publish reserve reports every month on the 22nd.

Sam Bankman-Fried is out on $250 million bailA federal court in New York City has released former FTX CEO Sam Bankman-Fr...
27/12/2022

Sam Bankman-Fried is out on $250 million bail

A federal court in New York City has released former FTX CEO Sam Bankman-Fried on $250 million bail.
Bail was secured by a share of his parents' home.
As ordered by the court, the former FTX CEO is prohibited from making financial transactions over $1,000, opening new lines of credit and leaving his home (exceptions include exercising and going to the therapist). His movements will be restricted by a location-tracking bracelet.
Bankman-Fried must also undergo drug and mental health treatment.
In addition, authorities confiscated his passport.
Federal prosecutor Nicholas Roos said Bankman-Fried committed a fraud of epic proportions and added that the government has dozens of witnesses, as well as encrypted text messages and "tens of thousands" of documents to use as evidence.
The first hearing in the Bankman-Friede case is scheduled for Jan. 3. If he is found guilty, he will spend the rest of his life in prison.

Waves published a proposal to rebuild the USDN StablecoinThe Waves development team has published a proposal to rebuild ...
27/12/2022

Waves published a proposal to rebuild the USDN Stablecoin

The Waves development team has published a proposal to rebuild the USDN stabelcoin.
The plan includes the following items: add $15 million worth of tokens from the Waves ecosystem (WX, VIRES, SWOP, EGG and WEST) to the USDN provision; donate these tokens to the projects themselves; resume swaps with USDN; offer SURF and NSBT holders the opportunity to receive additional income from swap commissions of Waves ecosystem tokens; restore unconditional withdrawals for users who have added USDN to the Vires Finance protocol.
The vote will run until December 26.
For his part, Waves founder Sasha Ivanov announced that a new Stablecoin with "hard tethering" and a new architecture will also be released in the second quarter of 2023.

Billionaire Bill Miller said he still has a positive view of bitcoin and added that he is not buying assets that will ha...
27/12/2022

Billionaire Bill Miller said he still has a positive view of bitcoin and added that he is not buying assets that will have to be sold

Billionaire Bill Miller said he continues to hold bitcoin, shares of Coinbase and crypto-bank Silvergate.
"I personally own bitcoin, we also own bitcoin in some private accounts. We own shares in Coinbase Global and Silvergate Capital. Coinbase is a real company headquartered in the United States. It is transparent and dominates the crypto space. There are opportunities there. Even more interesting, but less reliable, is Silvergate Bank, which is FDIC-insured. And because it's a bank, it's subject to banking rules. A year ago, its stock was worth $155; today it's worth $17," he said.
He also noted that the collapse of FTX has not affected his attitude toward the crypto market.
"First, I want to make a distinction between bitcoin, which I view as a potential savings vehicle like digital gold, and all other cryptocurrencies that can be categorized as venture capital speculation. Most of them, like most venture capital investments, will fail. But I've never heard a strong argument that you shouldn't invest even 1% of your fortune in bitcoin. Anyone can afford to lose 1%. At a market low in 2020, it was worth $5800. Since then, roughly, the market is up 70% and bitcoin is up 190%. If anyone has a time horizon of more than a year, you should succeed in bitcoin," he added.
According to Miller, because of the FTX collapse, bitcoin should have fallen another half of its current marks, but continues to show strength and is holding in the $17,000 range.
The billionaire also suggested that when the Fed starts easing monetary policy, then the first cryptocurrency will respond with growth.
"I usually thrive on inactivity. I don't like to sell anything unless forced to do so by margin calls. I recently bought more Amazon. I bought Silvergate a week ago and expect to buy more Coinbase... Think about it: if you sell stocks at a profit, you will pay capital gains tax of over 20%. I try to buy assets that I never have to sell," he added.

Address


Alerts

Be the first to know and let us send you an email when Holpop posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Holpop:

Shortcuts

  • Address
  • Alerts
  • Contact The Business
  • Claim ownership or report listing
  • Want your business to be the top-listed Media Company?

Share