🦎🚀 Now it's even easier to send stablecoins to your groupchat! 💬

Thursday, March 23, 2023

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The SEC continues to steamroll through crypto

CEO and founder of Coinbase, Brian Armstrong, announced on Twitter that the American cryptocurrency exchange received a Wells Notice from the Securities and Exchange Commission (SEC).

A Wells Notice is a notice from the SEC informing a company the agency intends to bring an enforcement action against them.

In this case, SEC is targeting Coinbase staking rewards with claims of offering unregistered securities.

In today's news, Telegram enables USDT transfers, FTX claws back $460 million, and SVB's collapse sent bigger shockwaves than expected.

Read on!

Arbitrum Adoption Grows Ahead of ARB Token

Following Arbitrum's announcement for its ARB token last week, its position in the Layer 2 competition strengthened as adoption ramped up. One sign was the jump in market capitalization of major projects across the network.

The largest increase was recorded by Treasure DAO's MAGIC, which saw a 2423% rise since Arbitrum's Odyssey milestone.

Read more: https://gcko.io/nvk4dnd

24h Hot Searches Worldwide

SPACE ID (-41.5%)
ZigZag (-19.6%)
Optimism (-2.4%)
Radiant Capital (-8.4%)
Camelot Token (+8.5%)
Synthetix Network (-2.4%)
TRON (-7.2%)

Buckle up and get ready! CoinGecko's Virtual Meetup is back again! For Meetup #22, we'll be exploring Zero-Knowledge Rollups, otherwise simply known as ZK rollups. ZK rollups are a type of layer-2 solution for enabling greater privacy and scaling and are becoming increasingly prominent in the crypto space as these projects fast approach go-live. It is meant to enable faster validation of transactions and boasts reduced transaction fees while also improving privacy for its users.

Join us in uncovering the secrets behind Zero-Knowledge Rollups!

Date: Thursday, 23 March 2022

Time: 09:00 AM EST (UTC -4) [Check your local time]

Tune in for our Virtual Meetup #22, where we dive into the inner workings, challenges, and complexities of the technology, as well as the new possibilities it enables for the crypto industry, featuring our exciting panel of speakers:

Zhong Yang Chan, Head of Research, CoinGecko (Moderator)
Daniel Helm, Developer Relations, Scroll
Louis Guthmann, Ecosystem Lead, Starknet
Hamzah Khan, Head of DeFi & NFTs, Polygon

SAVE YOUR SEAT TODAY!

What ACTUALLY is 'Real Yield' in DeFi, and how is it different from previous yields?

👨‍🌾 In today's video, we break it down and take a closer look at some of the protocols where it's being offered.

Tap here to watch!

Tether on Telegram

Global messaging app Telegram announced that users would now be able to send each other Tether's stablecoin USDT on the Tron Network.

Telegram's wallet function would be supporting USDT-TRON, or TRC20, at launch with no further disclosures of future plans on expanding to other chains.

Telegram first introduced crypto into its app in 2018 when it launched the Telegram Open Network (TON), which was eventually abandoned by the company in 2020.

Decrypt

Clawbacks for the win!

Bankrupt cryptocurrency exchange FTX has reached a settlement that would recover $460 million worth of misappropriated customer funds from Modulo Capital.

FTX's sister company Alameda Research was known to have invested $475 million in seed capital in the Bahamas-based hedge fund.

As per the settlement, the $460 million in recovered assets would include $404 million in cash and relinquish its claim on $56 million worth of assets on the exchange.

CoinDesk

In Shock and Awe

In a post-FOMC meeting, United States Federal Reserve Chairman Jerome Powell admitted that the collapse of Silicon Valley Bank (SVB) blindsided his regulatory authority.

During the Federal Open Market Committee (FOMC) meeting, Powell reaffirmed that there was a strong need to launch an internal investigation into the bank.

Powell's comment comes after the Federal Reserve Board announced an increase in interest rates by 25 basis points.

Cointelegraph

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Wicks on candlestick charts occur when the price movement for the day crosses the opening and closing price limits. Find out about the different types of long-wick candles and what they mean for price movements.

Continue reading here.