👀Kaiko: amid the collapse of FTX, the positive correlation of BTC with BNB (the token of the Binance exchange) fell to a 2-year low. BNB Outperforms Many Tokens as Binance Strengthens Market Position
Bulk news
Bulk news
💰🐋After whale buys $800,000 worth of MAGIC, Binance announces listing in innovation zone.
Binance listed MAGIC on its innovation list following a large purchase by an anonymous whale throughout the month.
This is to protect traders from extensive volatility and higher risk due to the smaller market capitalization.
MAGIC is a governance and utility token for the Treasure gaming infrastructure project on Arbitrum.
MAGIC deposits are already open, while the withdrawals will open on Dec. 13.
Bulk news
Binance listed MAGIC on its innovation list following a large purchase by an anonymous whale throughout the month.
This is to protect traders from extensive volatility and higher risk due to the smaller market capitalization.
MAGIC is a governance and utility token for the Treasure gaming infrastructure project on Arbitrum.
MAGIC deposits are already open, while the withdrawals will open on Dec. 13.
Bulk news
💎Bermuda digital bank Jewel issues ‘fflly-backed’ stablecoin (JUSD)
The Jewel USD stablecoin will be launching on Polygon.
In a press release, Jewel said JUSD will maintain a reserve ratio with a minimum of 1:1 with the U.S. dollar, ensuring the bank will always have funds in its reserves to support each JUSD in circulation. The bank said it will also conduct regular audits of its stablecoin reserves, and will provide reports on a monthly and quarterly basis.
Bulk news
The Jewel USD stablecoin will be launching on Polygon.
In a press release, Jewel said JUSD will maintain a reserve ratio with a minimum of 1:1 with the U.S. dollar, ensuring the bank will always have funds in its reserves to support each JUSD in circulation. The bank said it will also conduct regular audits of its stablecoin reserves, and will provide reports on a monthly and quarterly basis.
Bulk news
❗️ Binance is conducting a token swap involving $USDC. As a result, $USDC withdrawals are temporarily paused.
$USDC withdrawals will reopen once the token swap is completed.
https://twitter.com/binance/status/1602579775721283584?t=vI7-kCCtwkC7EyLUFyIhZg&s=19
Bulk news
$USDC withdrawals will reopen once the token swap is completed.
https://twitter.com/binance/status/1602579775721283584?t=vI7-kCCtwkC7EyLUFyIhZg&s=19
Bulk news
⚖️💶 Binance CEO might face criminal charges in U.S.
According to a recent report by Reuters, “at least" six U.S. federal prosecutors are convinced that they have enough evidence to bring criminal charges against Binance CEO Changpeng Zhao.
U.S. prosecutors started investigating Binance in 2018 for allegedly processing billions of dollars worth of dirty crypto from criminal and sanctions evaders.
Binance denied the outlined allegations and claimed that its security and compliance team had increased its headcount by 500%.
Bulk news
According to a recent report by Reuters, “at least" six U.S. federal prosecutors are convinced that they have enough evidence to bring criminal charges against Binance CEO Changpeng Zhao.
U.S. prosecutors started investigating Binance in 2018 for allegedly processing billions of dollars worth of dirty crypto from criminal and sanctions evaders.
Binance denied the outlined allegations and claimed that its security and compliance team had increased its headcount by 500%.
Bulk news
🛎Today we are going through a very promising Zetachain testnet.
🛎Zetachain is a Cosmos-based blockchain designed for cross-chain compatibility. Investors from Coinbase, Paradigm, Nansen subscribed to the project's Twitter.
🚀Connect test networks here.
🚀Request test tokens here, here, here and here (one or two are enough).
🚀Go to the testnet site.
🚀Connect Twitter and wallet, and pass verification in Leaderboard,
🚀Get test tokens in Get Zeta or in discord in the zeta-faucet branch (every 24h).
🚀We make swaps between networks once every seven days. For each swap, you will get 7000 ZETA points (ZP), which reflect our progress (and, we hope, will be taken into account when calculating rewards). If 7 days have not passed, points will not be awarded).
🚀Getting roles in the discord.
🚀Capture NFT
Difficulty ★★☆☆☆
Time ★★☆☆☆
$ Cost ☆☆☆☆☆
#Testnet | Bulk news | Chat
🛎Zetachain is a Cosmos-based blockchain designed for cross-chain compatibility. Investors from Coinbase, Paradigm, Nansen subscribed to the project's Twitter.
🚀Connect test networks here.
🚀Request test tokens here, here, here and here (one or two are enough).
🚀Go to the testnet site.
🚀Connect Twitter and wallet, and pass verification in Leaderboard,
🚀Get test tokens in Get Zeta or in discord in the zeta-faucet branch (every 24h).
🚀We make swaps between networks once every seven days. For each swap, you will get 7000 ZETA points (ZP), which reflect our progress (and, we hope, will be taken into account when calculating rewards). If 7 days have not passed, points will not be awarded).
🚀Getting roles in the discord.
🚀Capture NFT
Difficulty ★★☆☆☆
Time ★★☆☆☆
$ Cost ☆☆☆☆☆
#Testnet | Bulk news | Chat
👍1
🪙🎈Coinbase to support Flare (FLR) token airdrop.
Coinbase has announced its support for the Flare (FLR) token airdrop to eligible XRP holders.
The Flare project - bringing smart contracts to the XRP Ledger and other networks - took snapshot of XRP holders in December 2020.
However, Coinbase said that the airdrop will not be available in Japan, Germany, New York, and Singapore due to regulatory roadblocks.
In late November, Binance also confirmed that it would provide FLR token distribution to eligible customers on Jan. 9, 2023.
Bulk news
Coinbase has announced its support for the Flare (FLR) token airdrop to eligible XRP holders.
The Flare project - bringing smart contracts to the XRP Ledger and other networks - took snapshot of XRP holders in December 2020.
However, Coinbase said that the airdrop will not be available in Japan, Germany, New York, and Singapore due to regulatory roadblocks.
In late November, Binance also confirmed that it would provide FLR token distribution to eligible customers on Jan. 9, 2023.
Bulk news
📈Cryptoquant: Binance's BTC reserves fell 8% in the last 2 days but rose 24% in the last month amid FTX crash
Bulk news
Bulk news
👍1
😁⚡️ Calm returns to crypto as Binance CEO sees ‘stabilization’
The Binance CEO, CZ, said; A degree of calm has returned to the crypto space after a wave of customer withdrawals from the exchange had eased.
Binance suspended the withdrawal of USD Coin temporarily on Tuesday due to the inability to keep pace with a flood of withdrawals from customers.
“Things seem to have stabilized,” Zhao tweeted, adding that “deposits are now coming back in” to the exchange and describing the situation as “business as usual.”
Bulk news
The Binance CEO, CZ, said; A degree of calm has returned to the crypto space after a wave of customer withdrawals from the exchange had eased.
Binance suspended the withdrawal of USD Coin temporarily on Tuesday due to the inability to keep pace with a flood of withdrawals from customers.
“Things seem to have stabilized,” Zhao tweeted, adding that “deposits are now coming back in” to the exchange and describing the situation as “business as usual.”
Bulk news
🛂👮 FSB to treat crypto companies the same as banks
The world’s largest financial watchdog, the Financial Stability Board (FSB), plans to roll out regulatory guidelines for crypto in 2023.
According to the Financial Times, the FSB intends to set a timeline for global regulators to implement its first recommendations on global crypto regulation.
The move is part of the push to regulate and restrict crypto activities following a year of high-profile company catastrophe.
@BulkNetworkIntl
The world’s largest financial watchdog, the Financial Stability Board (FSB), plans to roll out regulatory guidelines for crypto in 2023.
According to the Financial Times, the FSB intends to set a timeline for global regulators to implement its first recommendations on global crypto regulation.
The move is part of the push to regulate and restrict crypto activities following a year of high-profile company catastrophe.
@BulkNetworkIntl
New IEO on ByBit
Medieval Empires is a multi-player online strategy game on Polygon with thoughtful gameplay and Play-to-Own mechanics. Advisors from Illuvium, Decentraland, Andromeda Capital.
Two options for participation:
Participation in a subnoscription
1. Register on the ByBit exchange, go through KYC L1
2. We buy at least 50 BIT tokens (BitDAO) and hold them on a spot, ByFi or Derivatives account
Participation in the distribution (recommended)
1. Register on the ByBit exchange, go through KYC L1
2. Hold a minimum of 100 USDT on a spot, ByFi or Derivatives account (if you start today, you need to hold 125 USDT). If you win, you will receive an allocation of 900 $MEE ($9 will be deducted only if you win).
Track the progress and subscribe fore the ruffle
Details:
• 1 MEE = 0.01$
• Snapshot period: December 14 00:00 UTC - December 19 00:00 UTC
• Subnoscription period: December 19 03:30 UTC- 10:59 UTC
• Listing: December 19 at 12:00 UTC
Difficulty ☆☆☆☆☆
Time ☆☆☆☆☆
$ Cost ★☆☆☆☆
#Launchpad | Bulk news | Chat
Medieval Empires is a multi-player online strategy game on Polygon with thoughtful gameplay and Play-to-Own mechanics. Advisors from Illuvium, Decentraland, Andromeda Capital.
Two options for participation:
Participation in a subnoscription
1. Register on the ByBit exchange, go through KYC L1
2. We buy at least 50 BIT tokens (BitDAO) and hold them on a spot, ByFi or Derivatives account
Participation in the distribution (recommended)
1. Register on the ByBit exchange, go through KYC L1
2. Hold a minimum of 100 USDT on a spot, ByFi or Derivatives account (if you start today, you need to hold 125 USDT). If you win, you will receive an allocation of 900 $MEE ($9 will be deducted only if you win).
Track the progress and subscribe fore the ruffle
Details:
• 1 MEE = 0.01$
• Snapshot period: December 14 00:00 UTC - December 19 00:00 UTC
• Subnoscription period: December 19 03:30 UTC- 10:59 UTC
• Listing: December 19 at 12:00 UTC
Difficulty ☆☆☆☆☆
Time ☆☆☆☆☆
$ Cost ★☆☆☆☆
#Launchpad | Bulk news | Chat
⚡️New activity in Aptos: chat on AptosForum and get rewards.
ℹ️ SUI is certainly doing good, but Aptos should not be forgotten either. In the tokenomics of the project, 51% is also allocated to the community, so we do not lose sight of Aptos and move on to mandatory activity in the project
💁♂️Today we will get an early user certificate on the official Aptos forum.
📝 Steps to get a certificate:
- Go to the aptos forum and go through registration/authorization
- Click on the circle of your profile in the upper right corner and go to private messages
💭We find messages from the bot and go to chat with him: the bot will introduce you to the functionality of the forum in the style of communicating with you. You just need to follow the instructions of the bot
💌At the end of your "learning" the functionality of the forum - the bot will give you a personalized certificate, this will be the last task
❗️ Also don't forget to link your social networks to Aptos in the Connections section
You're done!
Bulk news
ℹ️ SUI is certainly doing good, but Aptos should not be forgotten either. In the tokenomics of the project, 51% is also allocated to the community, so we do not lose sight of Aptos and move on to mandatory activity in the project
💁♂️Today we will get an early user certificate on the official Aptos forum.
📝 Steps to get a certificate:
- Go to the aptos forum and go through registration/authorization
- Click on the circle of your profile in the upper right corner and go to private messages
💭We find messages from the bot and go to chat with him: the bot will introduce you to the functionality of the forum in the style of communicating with you. You just need to follow the instructions of the bot
💌At the end of your "learning" the functionality of the forum - the bot will give you a personalized certificate, this will be the last task
❗️ Also don't forget to link your social networks to Aptos in the Connections section
You're done!
Bulk news
⚡📉 FTX wants to sell its functioning units, including LedgerX
On Thursday, FTX petitioned a federal court for permission to sell several subsidiaries.
Attorneys for FTX said it was a priority for the company’s current management to “explore” the sale of certain subsidiaries.
These units include LedgerX, which also operates as FTX US Derivatives, FTX Japan, FTX Europe, and Embed Business, most of which were acquired by FTX recently.
In congressional testimony, FTX’s new CEO, John Ray, said that even companies purportedly segregated from FTX, like FTX-US, were not independent.
@BulkNetworkIntl
On Thursday, FTX petitioned a federal court for permission to sell several subsidiaries.
Attorneys for FTX said it was a priority for the company’s current management to “explore” the sale of certain subsidiaries.
These units include LedgerX, which also operates as FTX US Derivatives, FTX Japan, FTX Europe, and Embed Business, most of which were acquired by FTX recently.
In congressional testimony, FTX’s new CEO, John Ray, said that even companies purportedly segregated from FTX, like FTX-US, were not independent.
@BulkNetworkIntl
⚡📈 Arbitrum’s enormous network activity spike is synthetic, and here’s why
The spike in activity on Ethereum’s Layer 2 network has been massive lately, taking into account the relative calmness in the market.
According to Delphi Digital, the main source of increased network activity is airdrop hunters who create synthetic activity on the network only to get rewarded.
Technically, growth fueled by airdrops is not bad, the main purpose of airdrops is marketing campaigns and will most likely do its job in the long run.
Arbitrum aims at reducing transaction costs and increasing processing speeds on the network.
@BulkNetworkIntl
The spike in activity on Ethereum’s Layer 2 network has been massive lately, taking into account the relative calmness in the market.
According to Delphi Digital, the main source of increased network activity is airdrop hunters who create synthetic activity on the network only to get rewarded.
Technically, growth fueled by airdrops is not bad, the main purpose of airdrops is marketing campaigns and will most likely do its job in the long run.
Arbitrum aims at reducing transaction costs and increasing processing speeds on the network.
@BulkNetworkIntl
💡👁️ FTX’s alleged crimes; Not crypto crimes, just committed with crypto.
The arrest of FTX co-founder Sam Bankman-Fried has been greeted in some quarters as a vindication for the crypto economy.
The allegations are generic financial crimes, and this has led to some celebration; “They’re not crypto crimes—and that’s a big relief for the broader crypto industry”.
FTX took money from customers in exchange for purchases of, or bets on, a variety of crypto assets, while Alameda Research, SBF’s hedge fund, also made bets on the exchange.
@BulkNetworkIntl
The arrest of FTX co-founder Sam Bankman-Fried has been greeted in some quarters as a vindication for the crypto economy.
The allegations are generic financial crimes, and this has led to some celebration; “They’re not crypto crimes—and that’s a big relief for the broader crypto industry”.
FTX took money from customers in exchange for purchases of, or bets on, a variety of crypto assets, while Alameda Research, SBF’s hedge fund, also made bets on the exchange.
@BulkNetworkIntl
🙄Three Arrows Capital just withdrew 2000 ETH ( +- 2.400.000 $ ) from Binance
Three Arrows Capital (3AC), which recently collapsed, withdrew 2,000 ETH (+-$2,400,000) from Binance.
At the moment, this address holds a total of $6,595 ETH ($7.85 million)
https://etherscan.io/address/0x8e04Af7F7c76daA9AB429b1340E0327B5B835748
As a reminder, Three Arrows Capital (3AC) is heavily in debt and owes money to 27 different companies, including BlockchainCom, Voyager and Genesis Global, for about $3.5 billion.
Bulk news
Three Arrows Capital (3AC), which recently collapsed, withdrew 2,000 ETH (+-$2,400,000) from Binance.
At the moment, this address holds a total of $6,595 ETH ($7.85 million)
https://etherscan.io/address/0x8e04Af7F7c76daA9AB429b1340E0327B5B835748
As a reminder, Three Arrows Capital (3AC) is heavily in debt and owes money to 27 different companies, including BlockchainCom, Voyager and Genesis Global, for about $3.5 billion.
Bulk news
❌Ren Protocol may shut down at any moment, taking $15 million of funds remaining on the network with it
What’s unique here is that the project’s team doesn’t know exactly when the network will stop functioning. This is because the wrapped bitcoin-focused project was acquired in February 2021 by the now-collapsed trading firm Alameda Research.
“We don't know exactly when, depends on when infrastructure [shuts] down which we aren't in control of, could be in the next few days, or a week or two, we don't know [at the moment] but trying to figure out,” said Maximilian Roszko, ecosystem advocate at Ren protocol
The network supports tokens wrapped from other blockchains. Chief among them is renBTC, a tokenized version of bitcoin on the Ethereum blockchain.
Bulk news
What’s unique here is that the project’s team doesn’t know exactly when the network will stop functioning. This is because the wrapped bitcoin-focused project was acquired in February 2021 by the now-collapsed trading firm Alameda Research.
“We don't know exactly when, depends on when infrastructure [shuts] down which we aren't in control of, could be in the next few days, or a week or two, we don't know [at the moment] but trying to figure out,” said Maximilian Roszko, ecosystem advocate at Ren protocol
The network supports tokens wrapped from other blockchains. Chief among them is renBTC, a tokenized version of bitcoin on the Ethereum blockchain.
Bulk news
🚨👀 FTX creditors could recover up to 40% of their funds, says Jefferies.
In an interview for The Block, Joseph Femenia – Global Head of Distressed Debt Trading at Jefferies – said there’s light in the tunnel for FTX creditors who could recover between 20% and 40% of their assets.
Described by US prosecutors as “one of the biggest financial frauds in American history,” Femenia estimated that FTX owes between $10 billion and $13 billion to creditors.
Some of the prominent names with exposure to the bankrupt platform are Temasek, Tiger Capital, BlackRock, Thoma Bravo, Sequoia Capital, and more.
@BulkNetworkIntl
In an interview for The Block, Joseph Femenia – Global Head of Distressed Debt Trading at Jefferies – said there’s light in the tunnel for FTX creditors who could recover between 20% and 40% of their assets.
Described by US prosecutors as “one of the biggest financial frauds in American history,” Femenia estimated that FTX owes between $10 billion and $13 billion to creditors.
Some of the prominent names with exposure to the bankrupt platform are Temasek, Tiger Capital, BlackRock, Thoma Bravo, Sequoia Capital, and more.
@BulkNetworkIntl
👀 Unknown wallet moves 200 billion Shiba Inu to cryptocom.
There is a continuous movement of Shiba Inu (SHIB) lately regardless of market conditions, one such is the recent transfer of 200b SHIB tokens valued at $1,744,087 from an unknown wallet.
Information from the Etherscan reveals that the transaction tagged Crypto.com 5, occurred today at 11:11 AM (UTC), to a wallet associated with the CEX Crypto.com.
The recipient wallet has received consistent transfers from several wallets, including Coinbase and DEX Bibox, with a balance of 236,398,272,911 SHIB ($2,061,392).
Though the sending wallet remains unknown, the recent outflow of 200b SHIB emptied the wallet as its current balance is $0.26 worth of ETH tokens.
@BulkNetworkIntl
There is a continuous movement of Shiba Inu (SHIB) lately regardless of market conditions, one such is the recent transfer of 200b SHIB tokens valued at $1,744,087 from an unknown wallet.
Information from the Etherscan reveals that the transaction tagged Crypto.com 5, occurred today at 11:11 AM (UTC), to a wallet associated with the CEX Crypto.com.
The recipient wallet has received consistent transfers from several wallets, including Coinbase and DEX Bibox, with a balance of 236,398,272,911 SHIB ($2,061,392).
Though the sending wallet remains unknown, the recent outflow of 200b SHIB emptied the wallet as its current balance is $0.26 worth of ETH tokens.
@BulkNetworkIntl
👀📈 Bitcoin mining difficulty rises 3.27% in latest adjustment
The Bitcoin mining difficulty level rose 3.27% on Tuesday morning in Asia, as firms continue facing cash shortages due to lower Bitcoin prices and high energy costs.
The mining difficulty reading came in at 35.36 trillion at block height 768,096, 45.7% higher than on Dec. 25 of last year, at 24.27 trillion.
Bitcoin mining difficulty, which determines how much computing power is required to verify blocks on the blockchain in exchange for Bitcoins rewards, changes roughly every two weeks.
@BulkNetworkIntl
The Bitcoin mining difficulty level rose 3.27% on Tuesday morning in Asia, as firms continue facing cash shortages due to lower Bitcoin prices and high energy costs.
The mining difficulty reading came in at 35.36 trillion at block height 768,096, 45.7% higher than on Dec. 25 of last year, at 24.27 trillion.
Bitcoin mining difficulty, which determines how much computing power is required to verify blocks on the blockchain in exchange for Bitcoins rewards, changes roughly every two weeks.
@BulkNetworkIntl