Cryptotech (@cryptotech) • Hey

Publications

gm! is this thing on? 🎙️
Added two beauties to my #NFT collection #Yasai
🇦🇺 The first Lightning-enabled #Bitcoin ATM installed in Australia 🙌
Oh yes 😁
FIFA To Launch New NFT Platform In Partnership With Algorand [FIFA To Launch New NFT Platform In Partnership With Algorand | Bitcoinist.com](https://bitcoinist.com/fifa-new-nft-platform-in-partnership-with-algorand/) FIFA, the global governing body of soccer, is launching a new NFT collectibles platform with the highly anticipated World Cup just around the corner. The new
Coinbase Users Across Georgia Milk Price Bug for 100x Profit [Coinbase Users Across Georgia Milk Price Bug for 100x Profit](https://blockworks.co/coinbase-users-across-georgia-milk-price-bug-for-100x-profit/) In Georgia, Coinbase users who profited from an hours-long price bug have found bank accounts locked — and the exchange wants its money back.
Famous watchmaker Jacob & Co reveals Bitcoin-themed luxury watch [Famous watchmaker Jacob & Co reveals Bitcoin-themed luxury watch](https://finbold.com/famous-watchmaker-jacob-co-reveals-bitcoin-themed-luxury-watch/) Even though the value of cryptocurrencies continue to see significant fluctuations luxury watchmakers continue to get involved in the space.
MakerDAO co-founder recommends DAI-USD depegging to limit attack surface [MakerDAO co-founder recommends DAI-USD depegging to limit attack surface](https://cointelegraph.com/news/makerdao-co-founder-recommends-dai-usd-depegging-to-limit-attack-surface) Christensen believes that decentralizing Maker would reduce the impact of crackdowns on the overall protocol.
Texas Crypto-Mining Rush May Need as Much Power as Entire State of New York [Texas Crypto-Mining Rush May Need as Much Power as Entire State of New York](https://www.bloomberg.com/news/articles/2022-08-26/texas-crypto-rush-may-need-as-much-power-as-entire-state-of-n-y)
$ETH: Lark Davis Highlights Five Important Facts About Ethereum’s Merge Upgrade [$ETH: Lark Davis Highlights Five Important Facts About Ethereum’s Merge Upgrade](https://www.cryptoglobe.com/latest/2022/08/eth-lark-davis-highlights-five-important-facts-about-ethereums-merge-upgrade/) On Sunday (August 28), highly popular New Zealand based crypto analyst pointed out five interesting facts about Ethereum’s upcoming “Merge” upgrade, which marks the Ethereum network’s transition from proof-of-work (PoW) to proof-of-stake (PoS).
0.3% fall in assets ‘could render Tether technically insolvent:’ WSJ [0.3% fall in assets ‘could render Tether technically insolvent:’ WSJ](https://cointelegraph.com/news/0-3-fall-in-assets-could-render-tether-technically-insolvent-wsj) Tether’s Paolo Ardoino has played down the severity of Tether’s tight margins however, noting that he expects its capital to “grow significantly over the next few months.”
#FED #Powell Powell warns of 'some pain' ahead as the Fed fights to bring down inflation Powell: September Rate Action 'Will Depend on the Totality of the Incoming Data Lower July Inflation Welcome, but Not Enough to Change Fed View 'At Some Point' Fed Will Be Able to Slow Pace of Rate Rises BOSTIC: I THINK WE SHOULD STAY THERE (AT HIGH RATES) 'FOR A LONG TIME' [Speech by Chair Powell on monetary policy and price stability](https://www.federalreserve.gov/newsevents/speech/powell20220826a.htm) Thank you for the opportunity to speak here today. At past Jackson Hole conferences, I have discussed broad topics such as the ever-changing structure of the
Ethereum Price Faces Sell Off, How Far Is The Correction Going To Go? [Ethereum Price Faces Sell Off, How Far Is The Correction Going To Go?](https://www.newsbtc.com/news/ethereum-price-faces-sell-off-how-far-is-the-correction-going-to-go/) Ethereum price registered a fresh decline on its chart over the last 24 hours. The altcoin declined by 7% over the past day.
Here are the three biggest crypto stories of the past week - Ether and Bitcoin slide after Fed chair speaks on interest hike - The Merge dates confirmed - Tether says it's not freezing Tornado Cash addresses [Here are the three biggest crypto stories of the past week](https://www.theblock.co/post/166095/here-are-the-three-biggest-crypto-stories-of-the-week) The Block brings you the most important updates of the week’s news cycle.
😃
Snoop Dogg and Eminem to Bring Bored Ape NFTs to VMAs In ‘Otherside’ Metaverse Performance [Snoop Dogg and Eminem to Bring Bored Ape NFTs to VMAs In ‘Otherside’ Metaverse Performance - Decrypt](https://decrypt.co/108264/snoop-dogg-and-eminem-to-bring-bored-ape-nfts-to-vmas-in-otherside-metaverse-performance) The rap legends will return to the award show after over a decade with their song “From the D to the LBC.”
#Tornado Wife of Pertsev, Arrested Tornado Cash Developer, Denies Russia Secret Service Links “Alexey has never been associated with the FSB of the Russian Federation and similar organizations,” Malik told CoinDesk Friday. “We moved to the Netherlands in the hope of a quiet, stable and free life, which is unimaginable in military Russia.” [Wife of Pertsev, Arrested Tornado Cash Developer, Denies Russia Secret Service Links](https://www.coindesk.com/policy/2022/08/26/wife-of-pertsev-arrested-tornado-cash-developer-denies-russia-secret-service-links/) Financial-crime analysts at Kharon have connected Alexey Pertsev, who is currently in a Dutch prison awaiting a trial on suspicion of facilitating money laundering via crypto protocols, to Russian espionage.
#EA #AMZN #rumor 👀👀 Rumor: Amazon set to buy Electronic Arts According to GLHF sources, Amazon will announce today that it has put in a formal offer to acquire Electronic Arts (EA), the publisher behind Apex Legends, FIFA, Madden, and more. Rumors have been circling online for a few weeks about a potential EA buyout, with Apple, Disney, and Amazon listed as potential buyers. As per our sources, Amazon has finally made an offer. According to our sources, the announcement will be made later today. —— Previously: ▪︎ Microsoft to acquire Activision Blizzard for $68.7 billion ▪︎ EA to end video-gaming partnership with FIFA —— Update: AMAZON NOT EXPECTED TO MAKE BID FOR EA - CNBC CITING SOURCES [Amazon rumored to buy Electronic Arts, but CNBC sources say otherwise](https://ftw.usatoday.com/2022/08/amazon-buy-electronic-arts) According to GLHF sources, Amazon will announce today that it has put in a formal offer to acquire Electronic Arts (EA).
#Alameda #FTX Sam Bankman-Fried’s FTX and Alameda Merge Their VC Operations The move took place before Ellison’s co-CEO, Sam Trabucco, said this week that he was stepping down and would move into an advisory role. The transition began in January, when FTX Ventures raised $2 billion, said Amy Wu, who runs the fund. No money changed hands between FTX and Alameda, she said. Venture investing is now completely concentrated under FTX Ventures. The crypto exchange, the venture arm and Alameda are all independent from one another, Wu said. “All three are operating completely as separate entities.” Both companies are located on the same corporate campus in the Bahamas. Alameda will focus mainly on exchange and over-the-counter trading and decentralized finance, Ellison said. The agreement to move its venture capital unit to FTX isn’t meant to signal a closer relationship between the two companies, she said. “We’re arm’s length and don’t get any different treatment from other market makers,” she said. “The Alameda team isn’t working too much on the venture side day-to-day.” [Sam Bankman-Fried’s FTX and Alameda Merge Their VC Operations](https://www.bloomberg.com/news/articles/2022-08-25/sam-bankman-fried-s-ftx-and-alameda-merge-their-vc-operations) Crypto exchange FTX absorbed the venture capital operations of Alameda Research, an effort to consolidate parts of billionaire Sam Bankman-Fried’s empire as it copes with a prolonged decline in cryptocurrency prices.
Notice Regarding the Upcoming Ethereum Merge (2022-08-25) Binance will suspend deposits and withdrawals for ETH and ERC-20 tokens at approximately: 2022-09-06 11:00 (UTC) for the Bellatrix consensus layer upgrade 2022-09-15 00:00 (UTC) for the Paris execution layer upgrade [Notice Regarding the Upcoming Ethereum Merge (2022-08-25) | Binance Support](https://www.binance.com/en/support/announcement/205de0801a4741c98270fdea6cb06697) Fellow Binancians, Ethereum’s Proof-of-Work (PoW) chain will migrate to the Proof-of-Stake (PoS) chain upon hitting the Terminal Total Difficulty (TTD) value of 58750000000000000000000. The executi...
👞👞👞
#ATM #spac $885m 🤌 Crypto ATM Firm Bitcoin Depot Strikes $885 Million SPAC Deal to Go Public Founded in 2016, Bitcoin Depot says it is the largest provider of bitcoin ATMs in North America, with more than 7,000 kiosks in the U.S. and Canada at stores such as Circle K. Bitcoin ATMs in the U.S. have to comply with the anti-money-laundering Bank Secrecy Act and work with the Treasury Department’s Financial Crimes Enforcement Network, though the U.S. Government Accountability Office has found lax oversight at some locations. Also in the U.S. installed 87% of all crypto ATMs, according to Coin ATM Radar. [WSJ News Exclusive | Crypto ATM Firm Bitcoin Depot Strikes $885 Million SPAC Deal to Go Public](https://www.wsj.com/articles/crypto-atm-firm-bitcoin-depot-strikes-885-million-spac-deal-to-go-public-11661418001) Bitcoin Depot has reached a deal with a special-purpose acquisition company that values the cryptocurrency ATM firm at roughly $885 million and would take it public, company officials said.
#AlamedaTrabucco #Alameda Sam Trabucco stepping down as co-CEO of Alameda Research «I will stay on as an advisor, but otherwise will not continue to have a strong day-to-day presence at the company. The reason for that is pretty simple -- I can't personally continue to justify the time investment of being a central part of Alameda. Everyone works really hard here, and spending a "normal" amount of time at work is tricky -- especially when you're trying to be a leader. 0% remove myself from crypto without going into withdrawal, so I'll probably still be around here to some extent. I don't currently have other "projects" lined up or anything, but I wouldn't rule anything out in the future once I feel more «recovered». —— Previously: ▪︎ Alameda Research acquired $36.7 billion or nearly a third of all Tether produced. —— Sam’s quotes: ▪︎ …it has been nice to once again confirm the existence and efficacy of USDT's redemption mechanism! Alameda did a ton of 'em today; ▪︎ “sold” and “will sell” are not the same just like “bought” and “will buy” are not the same. When people hear “X bought” they tend to have thoughts like “buying means UP" but they tend not to remember “oh and maybe they’ll sell eventually”; ▪︎ have you ever seen su zhu and putin in the same room. It’s a joke….; ▪︎ I like how no one really knows what the word "recession" means; ▪︎ Starting to see a little chatter about this, so just to quell it before it gets worse, Alameda hasn't been selling UST and doesn't have any particular plans to… [Sam Trabucco on Twitter](https://twitter.com/AlamedaTrabucco/status/1562519118741323778) “It's with the same goal that I'm announcing today that I am stepping down as co-CEO of Alameda Research -- @carolinecapital will continue on as Alameda's CEO. I will stay on as an advisor, but otherwise will not continue to have a strong day-to-day presence at the company.”
#CoinbaseAssets Coinbase will add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds will be lost. What is cbETH? Let’s dive in 🧵👇 [Coinbase Assets on Twitter](https://twitter.com/CoinbaseAssets/status/1562476695357358080) “Coinbase will add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds will be lost. What is cbETH? Let’s dive in 🧵👇”
#APE Mars is releasing limited-edition M&M’s candy featuring Bored Ape Yacht Club NFT imagery on it. The deal is between Mars and Universal Music Group’s 10:22PM label, which licensed the Ape NFT images from a notable collector. [These Bored Apes Will Melt in Your Mouth: M&M’s Releases NFT-Inspired Candy - Decrypt](https://decrypt.co/108142/bored-apes-melt-in-your-mouth-mms-mars-nft-candy) A licensing deal between Mars and music label UMG means Bored Ape NFT images are now printed on M&M’s chocolate candies.
Ready Player Me x Andreessen Horowitz: Announcing our $56M Series B https://readyplayer.me/ [Metaverse Full-Body Online 3D Avatar Creator | Ready Player Me](https://readyplayer.me/) Create a full-body 3D avatar with a selfie and use it in the metaverse. Developer? Integrate our avatar platform into your app or game.
#Tether #USDT #Tornado #stablecoins 🤝🤝🤝 Tether is not blacklisting accounts associated with Tornado Cash The decision by Tether, the issuer of the world’s largest stablecoin, signals broader industry resistance to the Treasury Department’s sanctioning of Tornado Cash Tether’s nearest competitor, Circle Internet Financial, has taken a different approach. The day after the sanctions were announced, the U.S.-based company said it moved to comply by freezing $75,000 worth of its stablecoin, USD Coin, in Tornado Cash wallets and blocking transactions with the blacklisted accounts. —— Previously: Tether market cap up $2 billion after Tornado Cash sanctions while USDC sees drop. [Top crypto company defies U.S. sanctions on service that hid stolen assets](https://www.washingtonpost.com/business/2022/08/24/crypto-sanctions-tether/) The decision by Tether, the issuer of the world’s largest stablecoin, signals broader industry resistance to the Treasury Department’s sanctioning of Tornado Cash.
#Binance Binance Will Support the Fetch.ai (FET) Network Upgrade [Binance Will Support the Fetch.ai (FET) Network Upgrade | Binance Support](https://www.binance.com/en/support/announcement/f9bc38475ff546beb6f8effd30fd7b8b) Fellow Binancians, Binance will support the Fetch.ai (FET) network upgrade. The Fetch.ai (FET) network upgrade will take place at the Fetch.ai block height of 7,305,500 , or approximately at 2022-...
Bitcoin’s short-term correlation to the broad financial markets has declined towards yearly low levels, with BTC underperforming Nasdaq
Canada joins U.S. and European authorities in explaining how its supervised entities can engage with crypto. [Canadian Bank Regulator Details Crypto Liquidity, Backing Rules](https://www.coindesk.com/policy/2022/08/19/canadian-bank-regulator-details-crypto-liquidity-backing-rules/) Canada joins U.S. and European authorities in explaining how its supervised entities can engage with crypto.
General Bytes Bitcoin ATMs attacked by hackers The largest crypto-machine company, which owns 8,827 devices in 120 countries, reported that its machines were hacked and compromised. Hackers made changes to the settings, using a zero-day vulnerability, and the money of cryptomats' clients began to flow directly into the wallets of criminals. The company does not name the scale of the losses, but there are definitely victims, because crypto machines were located almost in all countries of the world.
Ledger says sales blew up 4.5x in the wake of the Celsius bankruptcy. Trezor and SafePal have also reported hefty sales figures. [Crypto Winter Freezes Have Turned Investors Onto Hardware Wallets - Decrypt](https://decrypt.co/107877/crypto-winter-freezes-have-turned-investors-hardware-wallets) Ledger says sales blew up 4.5x in the wake of the Celsius bankruptcy. Trezor and SafePal have also reported hefty sales figures.
Charles Hoskinson Says Cardano Is Still His "Greatest Passion" [Charles Hoskinson Says Cardano Is Still His "Greatest Passion"](https://u.today/charles-hoskinson-says-cardano-is-still-his-greatest-passion) The Cardano founder claims that he’s not going anywhere following the recent testnet controversy
😂😂😂
FDIC issues cease and desist letters to five companies, including FTX [db on Twitter](https://twitter.com/tier10k/status/1560689441387184130) “[DB] FDIC Issues Cease and Desist Letters to Five Companies For Making Crypto-Related False or Misleading Representations about Deposit Insurance”
‼️ The IoTeX Town Hall is LIVE ‼️ [IoTeX on Twitter](https://twitter.com/iotex_io/status/1560658236713287680) “IoTeX Town Hall - August 19, 2022 https://t.co/tcuLgLuHJW”
Tether releases independent auditor report from top 5 accounting firm BDO [https://tether.to/en/tether-releases-independent-auditor-report-from-top-5-accounting-firm-bdo-reinforcing-its-dedication-to-transparency-and-revealing-another-major-cut-to-commercial-paper-holdings/](https://tether.to/en/tether-releases-independent-auditor-report-from-top-5-accounting-firm-bdo-reinforcing-its-dedication-to-transparency-and-revealing-another-major-cut-to-commercial-paper-holdings/)
#Bloomberg Lol 🤦‍♂️🤦‍♂️ Bloomberg: "say thank you… for dump" Crypto Newbies Have Family and Friends to Thank for Losses It can be tough to navigate a relationship when crypto newbies have The fear of missing out, or FOMO, is a driving force behind some casual crypto investors. Usually, one doesn't develop FOMO out of thin air. There’s typically someone or something behind it. That FOMO can be enhanced by watching friends and family enter the cryptosphere and succeed. There’s some evidence that personal relationships are key in driving new money into crypto. That’s great for everyone when the investment is doing well, but what happens when the markets shift and they start losing money? In this episode, Bloomberg crypto senior editor Anna Irrera speaks with Brian Hourigan and Adam Ghahramani, two friends with first hand experience of what it’s like to be in this position. [Crypto Newbies Have Family and Friends to Thank for Losses](https://www.bloomberg.com/news/articles/2022-08-19/crypto-newbies-have-family-and-friends-to-thank-for-losses) It can be tough to navigate a relationship when crypto newbies have Family and Friends to thank for losses
Football club Atletico Madrid partners with STEPN and WhaleFin to launch NFT Sneakers Collection. This co-branded NFT collection will feature a total of 1,001 digitally hand-drawn Atlético de Madrid sneakers. [STEPN | Public Beta Phase V on Twitter](https://twitter.com/Stepnofficial/status/1560258833540190208) “0/ We are excited to announce our partnership with @atletienglish 🇪🇸 and @WhaleFinApp to launch a first-of-its-kind co-branded Genesis sneaker! https://t.co/tADePqmxuR”
#Binance Binance Will List Stargate (STG) in the Innovation Zone
#EOS ANTELOPE 🤝 We’re pleased to announce that Antelope, the next-gen blockchain protocol, is now available! @AntelopeIO replaces EOSIO and is a huge leap ahead for the entire crypto industry, enabling developers to build applications that would otherwise be impossible. [A New Era Begins, With Community-Run Framework—Antelope! - EOS Network Foundation](https://eosnetwork.com/blog/a-new-era-begins-with-community-run-framework-antelope/) Antelope is an open framework for building fast, secure, and user-friendly Web3 dApps. Antelope is an evolution of the battle-tested EOSIO.
#ETH Someone sent 1.490.000 ETH to Binance… —— Update: ▪︎ the 1.5m eth that binance moved looks like it was the proof of asset for bep2 and bep20 binance pegged eth ▪︎ Found it on Opensea… ▪︎ 2,370,000,000 #USDT transferred from unknown wallet to #Binance
#YFI Rebranding Yearn, consistency from chaos. [Rebranding Yearn, consistency from chaos.](https://medium.com/iearn/rebranding-yearn-consistency-from-chaos-32204f2a214d) One of the core principles that lies at the heart of Yearn is a healthy respect for chaos. After all, Yearn was born from chaos. A big bang…
#genesis #DCG Genesis CEO Steps Down as Crypto Broker Slashes Its Workforce COO Derar Islim to be interim chief as Michael Moro exits The New York-based company also said it is eliminating 20% of its 260-person workforce to reduce costs, starting Wednesday. —— Previosuly: Crypto lender Genesis lent $2.36 billion to Three Arrows Capital * Genesis is one of the largest and best-known lenders in digital assets. Owned by DCG. [Genesis CEO Steps Down as Crypto Broker Slashes Its Workforce](https://www.bloomberg.com/news/articles/2022-08-17/genesis-ceo-steps-down-as-crypto-broker-slashes-its-workforce) Genesis Chief Executive Officer Michael Moro is stepping down as part of a leadership shuffle after the crypto brokerage was stung by exposure to bankrupt hedge fund Three Arrows Capital and a broad market downturn.
#CoinbaseAssets Coinbase will add support for Celer Network (CELR) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported. [Coinbase Assets on Twitter](https://twitter.com/CoinbaseAssets/status/1559247159391928320) “Coinbase will add support for Celer Network (CELR) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.”
#EOS EOS will finally rebrand EosNF CEO: «Rebranding EOSIO and hardforking #EOS is a necessary part of the comeback, and represents the start of a new chapter: #TheNewEOS Under the leadership of the @EOSNFoundation , $EOS can finally break through its glass ceiling and reach its full potential!»
Kraken CEO Scorns ‘Unconstitutional’ US Shutdown of Tornado Cash [Kraken CEO Scorns ‘Unconstitutional’ US Shutdown of Tornado Cash](https://www.bloomberg.com/news/articles/2022-08-16/kraken-s-powell-calls-tornado-cash-shutdown-unconstitutional) US Treasury Department actions to shut the Tornado Cash crypto-mixing service may be “unconstitutional,” according to Jesse Powell, chief executive officer of the digital-asset exchange Kraken.
Second Layoff Round at Crypto.com Worse than June Cuts: Sources [Second Layoff Round at Crypto.com Worse than June Cuts: Sources - Decrypt](https://decrypt.co/107509/second-layoff-round-at-crypto-com-worse-than-june-cuts-sources) Multiple sources tell Decrypt that this month's layoffs, beyond those announced in June, have been kept quiet but are “much bigger.”
Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin [Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin](https://www.coindesk.com/business/2022/08/16/bankrupt-crypto-lender-celsius-gets-cash-injection-offers-approval-to-sell-mined-bitcoin/) The company had said Monday that it might run out of cash by October.
IRS to serve summons to crypto dealer SFOX looking for possible tax evaders [IRS to Serve Summons to Crypto Dealer SFOX Looking for Possible Tax Evaders](https://www.coindesk.com/policy/2022/08/16/irs-to-serve-summons-to-crypto-dealer-sfox-looking-for-possible-tax-evaders/) A California court has authorized the agency to serve a "John Doe" summons.