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Bryan Yanzon

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rating : 4.5

view : 12.5K

posts : 274

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Mining-Bitcoin-Now-Costs-$13K-Now,-Dropped-From-$24K-in-June
Increased Risk Sentiment Might Prompt Bitcoin’s Sell Off

Market events, such as FOMC meeting, CPI and employment data, might trigger a strong crypto sell off. In addition, the US is now in recession. Bitcoin’s price today shows strong support despite these events. Over the past week, Bitcoin experienced a downward trajectory after running into the $24,000 resistance. The recent upward run of Bitcoin, as it slowly recovers from June’s meltdown, continuously retests the resistance.  However, recent market events show Bitcoin’s unreliability and there’s a high chance it might lose its support. These events include the Federal Open Market Committee (FOMC) meeting and reports such as Consumer Price Index

2 mins read
New-Data-Shows-USDC-To-Surpass-USDT-as-Top-Stablecoin
New Data Shows USDC To Surpass USDT as Top Stablecoin

Report from Arcane Research shows stablecoin USDC to be the top soon. USDC’s growth rate increased by 70%, while USDT is down by 28.7%. The CEO of Blockstream criticized the report, saying looking at market cap only is “highly misleading.” USDT (Tether) and USDC (USD Coin) are the two largest stablecoins right now. Both stablecoins have a combined share of over 80% of the total stablecoin supply in the market. Currently, Tether USDT is sitting at the top for it holds over 50% of the total stablecoin supply, followed by USDC which was nearly at 30%. However, a report from

2 mins read
Bitcoin-is-Up-Amid-FED-Rate-Increase-and-Recession
Bitcoin is Up Amid FED Rate Increase and Recession

The FED announced another rate hike increase on Wednesday. The US enters a “technical” recession. Yet, Bitcoin’s price is holding at the $23k mark, up 2.65% in the last 24 hours. The crypto market was expected to be shaky this week, especially after the US entered recession and the US Federal Reserves raised interest rates by 0.75% on Wednesday.  The Federal Reserve announced on Wednesday another increase of its interest rate in an effort to fight inflation. According to the government’s press release, the unemployment rate has remained low in recent months. However, the elevated inflation has caused imbalances in

2 mins read
BillboardChartStars-x-FEWOCiOUS-Pride-Drop
Billboard x FEWOCiOUS to Drop Billboard ChartStars Pride NFTs

Billboard to work with transgender artist, FEWOCiOUS, to drop Billboard ChartStars NFTs. The NFT collection consists of 250 exclusive NFTs available on July 29th.  Part of the sales proceeds will be sent to Trevor Project, a suicide-prevention organization for LGBTQ youth. Billboard, an American music and entertainment magazine, has partnered with FEWOCiOUS to drop a new Billboard ChartStars collection that consists of 250 exclusive NFTs. The NFT collection, titled “FEWOCiOUS x BillboardChartStars Pride,” will be available on July 29. Billboard ChartStars is a leading destination for collecting digital collectibles or NFTs from the top artists. These NFTs allow users to

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The United States Securities and Exchange Commission (SEC) sent a letter last week to Judge Analisa Torres, one of the US District Judges who conducts court proceedings of SEC vs Ripple lawsuit, asking to revoke amici status granted to XRP Holders and to bar John Deaton from further proceedings. Earlier today, defense attorney James Fillan tweeted Judge Torres denies the said SEC’s motion. Deaton, the attorney representing over 67,000 XRP holders affected by the SEC vs Ripple lawsuit, showed his appreciation with the two judges handling the lawsuit by saying they have been fair and neutral. https://twitter.com/JohnEDeaton1/status/1552057199278555137?t=WHb6sVj7jxWvTPI1-aAQOw&s=19 A day before SEC filed the motion denied, the defendants of Ripple filed a request letter to participate in the expert challenge, a report available to judges and experts to track legal challenges to an expert’s testimony. According to the document signed by Judge Torres, amici can’t participate in expert challenges now. However, they could file an application to brief concerns with the SEC's expert at summary judgement. The SEC filed a lawsuit in late 2019 against Ripple, a blockchain-based payment protocol that processes international money transfers. According to the lawsuit, Ripple conducted an unregistered securities offering through sales of XRP. However, Ripple showed pieces of evidence that the crypto regulation from the SEC was inconsistent. At the present time, the Ripple lawsuit was still ongoing. John Deaton said without settlement, the best case scenario for a ruling is in late August and worst case is in December.
Judge Reject SEC Motion to Revoke Amici Status and Bar John Deaton

The SEC asked Judge Torres to revoke XRP Holder’s amici status last week. In addition, the SEC wants to bar John Deaton from further proceedings. Judge Torres denied the motion of SEC earlier today. The United States Securities and Exchange Commission (SEC) sent a letter last week to Judge Analisa Torres, one of the US District Judges who conducts court proceedings of SEC vs Ripple lawsuit, asking to revoke amici status granted to XRP Holders and to bar John Deaton from further proceedings. Earlier today, defense attorney James Fillan tweeted Judge Torres denies the said SEC’s motion. Deaton, the attorney

2 mins read
Mark-Cuban-has-warned-that-the-U.S
Mark Cuban Suspects SEC to Lay ‘Nightmare’ Token Registration Rules

Mark Cuban suspects the SEC to come up with a new crypto registration rule. Cuban’s suspicion was in regards to the enforcement action taken with the first ever crypto insider case. The Shark Tank star first slammed SEC over its enforcement-centric approach to crypto regulation in August. Shark Tank star Mark Cuban, an American billionaire entrepreneur and owner of NBA team Dallas Mavericks, forewarned his 8.7 million Twitter followers on Saturday regarding the US Securities and Exchange Commission (SEC) crypto token regulation. Last week, the SEC charged a former Coinbase manager with the first ever crypto insider case and discovered

2 mins read
Shiba-Inu-Unveiled-SHIB-Burn’s-SB-Visa-Card
Shiba Inu Unveiled SHIB Burn’s SB Visa Card

The Shibburn VISA card will be launched soon for the SHIB Army. Shib holders are able to burn Shib by paying using the new card. The team also revealed the upcoming Shiba Metaverse and launch of its own stablecoin. The Shiba Inu team unveiled the upcoming SHIB Burn Visa card, a new way to burn SHIB while making payments.  The announcement was tweeted and pinned by Shibburn, the official Twitter account of Shiba Inu’s burn tracker. The six-second video teaser showed an orange-themed Visa card with the initials SB on it, pointing out the tagline “Make Payments, Burn SHIB.” The

2 mins read
69,306 ETH Transferred From Unknown Wallet to FTX
69,306 ETH Transferred From Unknown Wallet to FTX

Unknown whale wallet transfers 69,306 ETH to FTX. This mysterious wallet has been transferring to the same FTX address since February 2021. The total net worth of the FTX address was around $436 million. An unknown whale wallet transferred a whopping 69,306 Ethereum ($98,907,137 at the time of transfer) to FTX, a cryptocurrency derivatives exchange. The transfer was confirmed in a Twitter post by Whale Alert, a blockchain tracker and analytics that reports huge whale transactions on the space. According to the data shared by whale alert, the transaction occurred on Tuesday, July 26, 2022 at 2:24 UTC, with a

2 mins read
AlamedaFTX Proposal Drop by Voyager, Saw it ‘Harm Customers’
AlamedaFTX Proposal Drop by Voyager, Saw it ‘Harm Customers’

Voyager Digital Holdings rejected Alameda FTX take over proposal. The firm filed a rejection letter stating that Alameda FTX’s proposal was misleading and could harm its customers. Bankman-Fried said customers lost enough already and they should be able to claim their assets. Crypto lending firm Voyager Digital Holdings declined the joint proposal of its competitor Alameda Ventures and FTX (AlamedaFTX) to take over its digital assets for the reason that the proposal was “highly misleading” and could possibly “harm customers.”  FTX, FTX US, and Alameda, companies affiliated to Sam Bankman-Fried, publicized its offer on July 22 to provide early liquidity

2 mins read
What-happened-With-Celsius,-and-How-its-Crypto-Lending-Burned-Out
Is Celsius Cryptocurrency Network Beyond Repair?

Sam Bankman-Fried offers buyout deals for both BlockFi and Voyager. Celsius Network, who were hit the hardest, wasn’t offered such deals. The joint proposal offered to Voyager was declined on the grounds that it was “highly misleading” and could possibly “harm customers.” The name of Sam Bankman-Fried, the CEO and founder of crypto exchange FTX, is breaking the silence of social media as the CEO had been the center of acquisition talks amid crypto meltdown.  Recently, crypto lending firms that offer an interest rate as high as 18% or more have suffered as crypto markets were down nearly 70% from

2 mins read
FTX-CEO-Sam-Bankman-Fried-to-Donate-up-to-$1B-for-US-Elections
FTX and Alameda Offer an Early Liquidity to Voyager Users

Sam Bankman-Fried affiliates to provide early liquidity to Voyager clients. The joint proposal was for all the Voyager clients, except loans from 3ac. FTX attempts to secure the transaction by 17 August 2022. Crypto firms co-founded by Sam Bankman-Fried proposed to purchase the digital assets of Voyager Digital, who filed for bankruptcy a week after the major crypto hedge fund Three Arrows Capital (3AC) had been reportedly liquidated amid the so-called ‘crypto winter’.  Bankman-Fried said:  Voyager’s customers did not choose to be bankruptcy investors holding unsecured claims. Earlier this month, the beleaguered crypto brokerage firm Voyager Digital filed Chapter 11

2 mins read
Instagram to End Its Affiliate Program for Creators

Instagram is terminating its native affiliate-marketing cash incentive program. The social media platform has been testing the program with creators for more than a year. Instagram unveiled its Creator Marketplace, where sponsorship for creators will be allowed. Social media networking platform Instagram is shutting down its native affiliate-marketing program this August 31, a year after the company tested it. The program was launched as a part of “Meta’s buffet of monetization tools for content creators,” in June. Through this program, influencers can earn a portion of gross sales driven by tagged merchandise on Instagram posts. This isn’t the first time

2 mins read