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- SBF Sentenced, Prisma Hacked and Indonesia Regulates - Uncover What Matters in Crypto
SBF Sentenced, Prisma Hacked and Indonesia Regulates - Uncover What Matters in Crypto
Bitcoin wades through turbulent waters and scams cast long shadows, pioneering platforms and visionary investments light up the horizon
Today’s CryptoCanary chirps with news of upheavals and opportunities in the blockchain realm. SBF gets 25 years in prison, Bitcoin has rate drops unexpectedly and the rise of digital phoenixes promising wealth and innovation. The globe spins with regulatory revolutions from Indonesia and funding sagas that might just hint at the next big leap in gaming and AI.
Amidst this, a chance to unlock secrets to free coins lurks for the keen and curious. As we chart the course through these digital waves, find out how you can navigate the highs and lows of the market with insight and perhaps, end the day a little richer.
Let CryptoCanary be your compass in the quest for knowledge and fortune in the boundless crypto universe.
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Hall of Fame, Hall of Shame
Crypto Collapse: FTX Founder Sentenced to 25 Years
One time crypto hero and current pantomime villain, FTX founder Sam Bankman-Fried faces 25 years in prison. He was found guilty of obstruction of justice and witness tampering. Bankman-Fried said he regrets his decisions, acknowledging his role in the $8 billion fraud leading to FTX's downfall.
Read more here
Catastrophe, Catastrophe! Prisma Finance Hit by $11.6M Cyberattack
Stablecoin Protocol, Prisma Finance suffered a $11.6M cyber heist, forcing it to halt operations. Security analysis company, Cyvers, detected the attack, revealing an ongoing exploit. Recent surge in hacks has included Curio and AirDAO. Experts fear North Korea's Lazarus group may be involved amidst the bullish crypto market.
Read more here
Meme of the Day
Perpetual Uncertainty!
Market Movements - 19 Mar 2024
On Friday, Bitcoin took a tumble of -0.74%, reaching $70,365, while Ethereum slid by -1.09% to hit $3,548. Other prominent altcoins like Dogecoin (-0.78%), Shiba Inu (-3.69%), and Avalanche (0.96%) also witnessed substantial declines.
On the flip side, BNB (5.65%), Toncoin (0.40%), Solana (0.27%), XRP (1.28%), and Cardano (0.80%) enjoyed an upswing.
Movers and Shakers
Dogwifhat (19.78%) and Celestia (9.04%) surged to unprecedented levels, while BCH (8.70%) also joined the frenzy! Conversely, Bittensor (-5.66%) faced a decline. STRK (-5.08%) and Aptos (-4.32%) are gradually descending into the market's depths.
Trivia Question: What was the title of first NFT music album released by a major artist?
Answer at the bottom of the page
What moved in the Crypto World Today
Bybit's Dutch Delight: Launches Regulated Crypto Platform in Netherlands
Bybit has teamed up with SATOS to unveil a regulated Dutch crypto hub. Bybit.nl offers 300+ pairs, fiat gateways, in a package that is fully compliant with regulations. SATOS, supervised by Dutch National Bank, ensures reliability. Let us see if expansion pays off for Bybit amidst a lot of competition.
On the flip side, Bybit is facing licensing hurdles in Hong Kong.
Read more here
Bitcoin's Hash Crash: Mining Difficulty Nosedives, Halving on Horizon
Bitcoin mining witnessed a historic drop to 83.13 T, suggesting an imminent April halving. Average hashrate dropped to 599.71 EH/s from a recent high of 614.9 EH/s on March 24. Experts are wondering if it has to do with more institutions entering the market and individual miners leaving.
Read more here
1kx Raises $75M, Plans to Invest in Digital Penguins
1kx, known for early-stage crypto funding, has bagged $75M from top VC firms Andreessen Horowitz and Accolade Partners. The funds will be used to back and build digital consumer apps, including NFTs like Pudgy Penguins. Growing institutional interest in crypto startups post-Bitcoin ETF introduction is fueling the investment surge.
Read more here
Indonesia's Crypto Rulebook Creates Compliance Challenge!
Indonesia has mandated all crypto firms to pass through regulatory sandbox or face legal troubles. OJK aims to educate and protect customers. Sandbox will allow testing while ensuring compliance. Government has ramped up crypto regulation after crypto volume surged in February. There is bullish sentiment in the country after the elections resulted in a win for crypto-friendly Prabowo Subianto.
Read more here
Near Foundation Launches Chain Signatures
Near Foundation has launched Chain Signatures, letting users access multiple blockchains with one account. Near is aiming to consolidate liquidity across chains. Chain Signatures live on Near's testnet with mainnet expected by May. Decentralized multi-party computation powers it, with security bolstered by EigenLayer in the future. With this launch, DeFi on non-smart contract chains is now feasible.
Read more here
Funding Announcements
Our crypto canary sings a sweet song of riches! Get the lowdown on who just cashed in big with the latest funding news:
Follow the flutter of our crypto canary's wings as it unfurls who's striking gold in the world of funding!
Event calendar
Event | Date | Location |
|---|---|---|
Blockchain Africa Conference 2024 | Oct 31st - Nov- 1, 2024 | Johannesburg, South Africa |
Finnovex Europe | Nov 5 - 6, 2024 | London, UK |
Trivia Answer: What was the title of first NFT music album released by a major artist?
King of Leon released the first NFT music album titled “When You See Yourself”
How did today's dive into the crypto world resonate with you? |