DIRS.INFO The most relevant business & tech news

☆ Cryptos attempt to steady as Binance-FTX deal chills market
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

Bitcoin , the biggest cryptocurrency by market value, was down 2% at $18,250, after a 10% plunge on Tuesday that marked its worst day since mid-August. The market focus was, however, on FTT , the token tied to FTX, whose financials have been the source of market angst since last week. Market participants were then stunned when Binance signed a nonbinding agreement on Tuesday to buy FTX's non-U.S. unit to help cover what it called a liquidity crunch. The deal between high-profile rivals Zhao and Sam Bankman-Fried, FTX's CEO, followed week-long speculation about FTX's financial health that snowballed into $6 billion of withdrawals in the 72 hours before Tuesday's deal. "Alameda is a big market maker in the defi market.

☆ The Fed's jumbo-sized rate hikes will uncover more 'skeletons in the closet' for crypto after FTX's rescue, economist says
▼ + stars: | 2022-11-09 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Rising interest rates will cause further casualties in the crypto space, according to the Peterson Institute's Martin Chorzempa. FTX announced Tuesday it agreed to be taken over by rival exchange Binance, shocking investors. "We can expect a lot more problems to come," Chorzempa told CNBC. "We can expect a lot more problems to come," Chorzempa told CNBC on Wednesday. "When rates come up, a lot of skeletons that have been waiting in the closet in highly-speculative, highly-levered markets tend to come out."

☆ Explainer: Crypto industry spends millions on U.S. midterm elections
▼ + stars: | 2022-11-08 | by ( Hannah Lang | ) www.reuters.com time to read: +5 min

Crypto companies are eager to back industry-friendly political candidates. The election comes at a time of turmoil for the crypto industry. FTX's CEO Sam Bankman-Fried has far outspent all others in the crypto industry. WHAT IS THE CRYPTO INDUSTRY LOOKING TO GET IN RETURN? Crypto companies such as Circle want lawmakers to create a framework for stablecoins to help mature the industry and codify consumer protections.

But for the past few months, bitcoin's price has bounced stubbornly around $20,000 in a sign that volatility in the market has settled. Large crypto investors with highly leveraged bets like Three Arrows Capital were floored by the pressure on prices, further accelerating the market's drop. Mastercard announced a service that allows banks to offer crypto trading, having previously launched a new blockchain security tool for card issuers. In a note released Thursday, analysts at the bank said there were parallels with bitcoin's trading in Nov. 2018, when prices steadied for a while before rising steadily. Publicly-traded bitcoin miners sold 12,000 bitcoins in June and only around 3,000 in September, according to Goldman Sachs.

☆ 3 things not to do when pitching your startup to a VC, according to a partner at a $750 million crypto venture firm
▼ + stars: | 2022-10-26 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +6 min

Marc Weinstein, a partner at VC firm Mechanism Capital, has cut 100 checks as an angel investor. The crypto venture firm grew from $500,000 to a peak AUM of $750 million in two years. But venture firms like Mechanism Capital say there are still tons of deals to be made. Founders who are 'catching the latest fad'The Mechanism Capital partner is focused on the team's backgrounds and what they've accomplished in the past. The firm, Weinstein included, looks for a certain level of consistency in their potential portfolio companies.

☆ Binance is ‘narrowing down’ identity of hacker behind $570 million crypto attack, CEO says
▼ + stars: | 2022-10-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Cryptocurrency exchange Binance is getting closer to figuring out the identity of a hacker that orchestrated a $570 million hack on its BNB blockchain, CEO Changpeng Zhao told CNBC Monday. After getting some tips from law enforcement on who the hacker might be, Binance is now "narrowing down" the person or persons behind the attack, Zhao said in an interview on CNBC's "Squawk Box Europe." The attack in question saw a so-called cross-chain bridge targeted, allowing an as-yet unknown hacker or hackers to withdraw 2 million of Binance's BNB tokens worth around $570 million at the time. "We're still actually chasing … helping [authorities] to chase the bad players, working with law enforcement around the globe," Zhao said. "Working with law enforcement is one of the ways that we can try to make the space safe."

☆ Web3 VC Adam Struck says better crypto wallets could protect retail investors in the future, after they lost billions from the Celsius meltdown. Here's how.
▼ + stars: | 2022-10-18 | by ( April Joyner | ) www.businessinsider.com time to read: +3 min

Crypto wallets let people keep custody of their assets, but they're notoriously hard to use. As a result, there's a big market opportunity for friendlier wallets, VC Adam Struck told Insider. By contrast, non-custodial crypto wallets, such as MetaMask, allow people to keep control over their assets. That opens up a big opportunity for wallet startups that can offer a better user experience, according to Adam Struck, the founder and managing partner of the investment firm Struck Crypto. But having easier options for storing crypto assets without having to rely on any given company's investment practices could serve as a valuable stopgap until that happens, he believes.

☆ A Goldman Sachs alum turned crypto exec breaks down why Wall Street's next push into digital assets will be through bitcoin
▼ + stars: | 2022-10-15 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

John Haar, a managing director at digital asset services platform Swan Bitcoin, previously had a 12-year stint at Goldman Sachs. He says bitcoin is the biggest contender to gain traction in legacy finance and pull institutional interest in further. Investors saw the first wave of institutional interest in crypto through bitcoin as well. First, the value prop of bitcoin, Haar says, is the concept of "sound money," a currency that isn't prone to a sudden depreciation or appreciation in value. "I think Bitcoin is an easier sell, but I think we're still very early in terms of them potentially getting on board.

☆ FTX's Sam Bankman-Fried breaks down his 3 favorite use cases for blockchain tech — and explains the role of regulatory oversight in crypto markets
▼ + stars: | 2022-10-13 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

Sam Bankman-Fried, also known as SBF, is the CEO and cofounder of crypto giant FTX. Sam Bankman-Fried, the CEO and cofounder of crypto giant FTX, broke down three blockchain use cases in an interview at the Bipartisan Policy Center on Wednesday. In traditional equities, per Bankman-Fried, buying a share of a company can take an exuberant amount of time. Crypto regulation is 'necessary' and 'good'The 30-year-old billionaire welcomes regulation, specifically citing clear stablecoin oversight. "Crypto is big enough and starting to touch enough things that it is important to have regulatory oversight. "

☆ Crypto startup Edge & Node's newly named interim CEO has a plan to make Web3 easier for software developers to build in
▼ + stars: | 2022-10-12 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Edge & Node, the startup behind the Web3 protocol The Graph, has a new interim CEO, Brandon Ramirez. The same goes for the developers seeking to build decentralized apps, or dapps, as they're commonly called. Companies such as the decentralized-finance startups Sushi and Lido and the crypto research startup Messari have used The Graph for their development. Like many blockchain developers, Ramirez earned his programming chops in enterprise software. Ramirez, Tal, and Pohlmann founded The Graph in 2018 to help create some of that basic infrastructure.

☆ Karn Saroya's Web3 seed startup is creating a version of Lloyds of London for crypto. It was just valued at $100 million.
▼ + stars: | 2022-09-28 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

The Web3 reinsurance company Re has raised $14 million from investors such as Tribe Capital. Now he's seeking to apply Web3 tools to make that industry, which is dominated by firms such as Munich Re and Lloyds of London, more accessible. The company participated in Tribe Capital's crypto incubator, Tribe Crypto Labs, and its other investors include Defy, Exor, Stratos, Framework, Morgan Creek Digital, and SiriusPoint. Cover started out as a search tool for insurance policies but then became an insurer in its own right. Like other financial products, such as mortgages and loans, insurance policies can be bundled up and sold as securities.

☆ Binance is launching a training program for law enforcement to catch crypto criminals around the world
▼ + stars: | 2022-09-27 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Binance has launched a program to train law enforcement on how to spot cyber crimes, moving in response to greater demand for help. The world's largest crypto trading platform said Tuesday its investigations team has responded to more than 27,000 law enforcement requests since November. The FBI recently warned about cyber criminals increasingly exploiting vulnerabilities in decentralized finance, or DeFi, platforms. Last month, the FBI issued a warning about cyber criminals increasingly exploiting vulnerabilities in decentralized finance, or DeFi, platforms to steal cryptocurrency from investors. Binance said its investigations team has responded to more than 27,000 law enforcement requests since November.

☆ The bond market is in the middle of its worst decline since 1949. It's set to unravel some very popular trades, BofA says.
▼ + stars: | 2022-09-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

And below, I'm breaking down what Bank of America has to say about the worst bond market decline in over 70 years. The bond market is in the middle of a historic crash and it'll hammer stocks, according to a Friday note from Bank of America. As central banks around the world move to stem inflation, BofA analysts said bonds are experiencing their worst decline since 1949. What's your stock market outlook heading into year-end? As stocks sell off, Fundstrat's Tom Lee is sticking to his bullish year-end stock market forecast.

☆ The S&P Global exec in charge of the firm's DeFi efforts breaks down Wall Street's biggest hurdles to institutional adoption of crypto
▼ + stars: | 2022-09-23 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Chief DeFi Officer at S&P Global, Chuck Mounts, spoke at the Messari Mainnet conference on Thursday. Mounts says institutional capital will flood into crypto once there's more regulatory clarity. In recent years, Wall Street giants have made progress in offering crypto and its related products to their clients. S&P Global Ratings has followed in line with the other financial giants, who've signaled interest in crypto. In terms of policy, Mount says, these include both clear and educated regulation and legislation in crypto.

☆ JPMorgan CEO Jamie Dimon slammed crypto as dangerous - and called bitcoin a Ponzi scheme
▼ + stars: | 2022-09-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Jamie Dimon slammed bitcoin and some other crypto as "decentralized Ponzi schemes." However, Dimon touted blockchain and said he would welcome a properly regulated stablecoin. "I'm a major skeptic of crypto tokens, which you call currency, like bitcoin," the JPMorgan CEO told the House Financial Services Committee on Wednesday. Dimon told the same Congressional committee in May 2021 that crypto was inferior to conventional assets such as dollars and gold. Moreover, the JPMorgan boss said in 2017 that bitcoin was a fraud, and the hype around it would end in disaster.

☆ Crypto’s bear market is unlike others before it. This time the Fed's steering the ship
▼ + stars: | 2022-09-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +17 min

In any other year, the bitcoin price would have skyrocketed after the BlackRock announcement, but it didn't. Bitcoin hit its all-time high on Nov. 8, less than a week after the Fed first introduced the tapering . "Bitcoin OGs want to believe that it's a risk-off asset – that's a long-term trajectory," said Burak Tamac, senior researcher at CryptoQuant. It's bitcoin that's received so much hostility about being environmentally unfriendly, but myths about the cryptocurrency's environmental impact are slowly being debunked . Beyond bitcoin, crypto remains just a little too out of reach for many.

☆ The Merge: These 10 podcasts will help you better understand the impact of Ethereum's highly anticipated upgrade on crypto's ecosystem
▼ + stars: | 2022-09-16 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +1 min

Ethereum's Merge is complete, transitioning its network from Proof of Work to Proof of Stake. Insider compiled a list of podcasts that detail the upgrade's impact on crypto's ecosystem. Ethereum's highly anticipated upgrade, the Merge, has finally happened. The upgrade will cut the network's energy usage more than 99% by changing Ethereum's consensus mechanism from Proof of Work to Proof of Stake. Insider compiled a list of 10 podcasts to help you better understand the Merge and its impact on crypto more broadly.

☆ Ethereum's massive software upgrade just went live — here's what it does
▼ + stars: | 2022-09-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

The overhaul to the ethereum network fundamentally alters the way the blockchain secures its network and verifies transactions. But with the upgrade, ethereum has migrated to a system known as proof-of-stake, which swaps out miners for validators. "But the network as a whole — because of the redundancy across all this different software — will very likely be stable and fine." The rewards for validators are much smaller than those that went to proof-of-work miners, meaning that less ether will be minted as a result of this upgrade. Next few hours, days are keyThe next few hours and days will be key to gauging the health of the ethereum network post upgrade.

In the event of bankruptcy, crypto customers with custodially held assets are typically last in line to receive payment. Consider a custodial walletThere are two key types of crypto wallets: custodial wallets and non-custodial wallets. You can set up multiple crypto wallets, so one solution would be to open non-custodial custodial wallets in addition to your exchange's custodial wallet. Pros and cons of custodial walletsAs mentioned earlier, custodial wallets are managed by a third party (e.g., a crypto exchange). You could even set up multiple crypto wallets to lower the risks associated with custody (e.g., hacks and theft).

☆ Randi Zuckerberg explains why she's laughing at the outcry over her crypto music video
▼ + stars: | 2022-03-04 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

Randi Zuckerberg, sister of Mark, released a crypto music video this week that some called "cringy." Kanye West wasn't the only person who dropped a controversial music video this week. Crypto crusader Randi Zuckerberg's music video also sent social media into a frenzy with some declaring it a cringefest and others praising the singer's zeal for digital coin. Randi Zuckerberg. "A special thanks to all the crypto bros hating on my music video by retweeting and sharing it more broadly.

☆ 13 must-see charts, plus an $875 mini bitcoin-mining rig
▼ + stars: | 2021-07-25 | by ( Business Insider | ) www.businessinsider.com time to read: +2 min

We spoke to Grayscale Investments CEO Michael Sonnenshein about the firm's new DeFi index fund. If you aren't yet a subscriber to Insider Investing, you can sign up here. Read the full story here:Idan AbadaIdan Abada has gone viral on TikTok with an $875 mini bitcoin-mining rig. Read the full story here:Grayscale InvestmentsGrayscale Investments has launched a DeFi index fund in collaboration with CoinDesk Indexes. The market-cap-weighted index fund is Grayscale's 15th product and tracked 10 tokens as of July 1.

☆ Wall Street crypto masterminds, plus an interview with a dogecoin millionaire
▼ + stars: | 2021-06-06 | by ( Business Insider | ) www.businessinsider.com time to read: +2 min

Citi; Deutsche Bank; ARK Invest; Courtesy of Lisa Shalett; Shayanne Gal/InsiderHello and welcome to Insider Investing. Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. Dado Ruvic/ReutersWe spoke to 11 of Wall Street's top crypto experts who are helping investors understand and trade the ongoing mania. Read the full story here:Rodrigo RamosGlauber Contessoto became a millionaire in April after investing in dogecoin two months prior. In an exclusive interview, he told Insider he believes cryptocurrency is the future and that dogecoin will be used for everyday transactions.

Asta e, viitorul inundă nemilos chiar și satele Moldovei unde wifi-ul, vaccinul anti-covid (și probabil 5G) au ajuns mai rapid decât canalizarea și drumurile decente. Ce este Bitcoinul și cum funcționeazăBitcoin (BTC) întruchipează în sine o valută, tehnologie și sistem de plată. Așadar, dacă valutele clasice sunt supuse unui fenomen constant de inflație, atunci BTC va suferi de deflație. Asta însă nu e o problemă, dacă luăm în calcul faptul că moneda virtuală poate fi divizată practic în orice număr de fracții avem nevoie. Pe lângă asta, cel mai probabil va trebui să-ți creezi și un portofel virtual.

Persons: Coica Organizations: BTC Locations: Moldovei, Bitcoin, BTC, Moldova

☆ Ethereum's path to $40,000, plus 5 stock picks from Baillie Gifford
▼ + stars: | 2021-05-09 | by ( Business Insider | ) www.businessinsider.com time to read: +2 min

Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. Wang also laid out a valuation framework that explains how the red-hot cryptocurrency could eventually reach $40,000. Read the full story here:Dave Bujnowski Baillie GiffordDave Bujnowski is an investment manager for the $144.9 million Baillie Gifford US Equity Growth fund, which returned 125% in 2020. He shares 5 stocks set to benefit from the end of the pandemic and a hyperconnected economy. For more tips, tricks, and best practices on your path to financial success, tune in Tuesday, May 18 at 12 p.m.

☆ «Цена биткоина станет шестизначной». Прогнозы на криптовалюту в 2021 году
▼ + stars: | 2021-01-01 | by ( Super User | ) mybusiness.md time to read: +11 min

Что касается ожиданий от 2021 года — биткоин «на луну» уже отправили, теперь очередь за другими монетами. После общественных обсуждений ЦБ России примет решение о методике и функционале цифрового рубля, направлениях его разработки, внедрения и информирования граждан о возможностях его использования. Что касается остальных потерь — то 2021 год однозначно станет годом переосмысления и внедрения дополнительных мер безопасности и кастодиальных сервисов. «Важное новшество 2021 года — появление цифровых аналогов фиатных валют в ряде стран»Руководитель аналитического департамента AMarkets Артем ДеевОдним из главных событий наступающего 2021 года на рынке криптовалют станет динамика биткоина. И третье важное новшество 2021 года — появление цифровых аналогов фиатных валют в ряде стран, в том числе и в России.

Persons: rbc.ru, Федор АнащенковЕсли, Глеб КостаревУходящий, Александр БражниковПредстоящий, Никита ЗуборевОсобенности, Джей Клейтон, Мария СтанкевичЕсли, Артем ДеевОдним Organizations: United Traders, Paypal, SEC, ERC, ETH, BTC, РБККрипто, ЦБ, РАКИБ, РБК Крипто, Чикагская товарная биржа, Центральный Банк Locations: Россия, РФ, ЕС

Search resuls for: "DeFi"

25 mentions found