10 Apr: Alameda Unauditable

10 Apr: Alameda Unauditable

By theinspired | Inspiration | 10 Apr 2023


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Happy Monday Folks! Over the weekend, we learned that Arkansas Senate passed the right to Mine Bitcoin bill and it appears the Governor will approve it. In addition, all eyes are on Ethereum as the Shapella upgrade is near (in 2 days); some are wondering if $2K is on the horizon. The fear and greed index dropped a bit to 62 and the best performing asset for the past 24 hours was $XRP up 0.20%. Also check out the Follow Dat Money post above as Bitget exchange launches $100M fund. Let's get on to the news...

Trending News Topics:

  • Alameda unauditable and FTX was a HodgePodge (7)
  • GDAC Hack (5)
  • XRP is a security is nonsense (4)

5 things to know about Bitcoin this week (Cointelegraph):

  • CPI headlines key macro data week
  • Bitcoin price volatility on the up
  • BTC price sets new 10-month high weekly close
  • Ethereum Shanghai upgrade looms
  • Sustainable greed?

CRYPTO

Majority of US Adults View Crypto as Unsafe, Survey Says. Crypto Pushes Through Headwinds While Traditional Markets Stumble. Is Belgium Trying to Kill Crypto? Men under 50 shoring up US cryptocurrency market: Pew Research. “Is My Money Safe?” Searches Top Charts in the US.

BITCOIN & ETHEREUM

Bitcoin Forms Pennant Pattern Close to Crucial $30,000 Resistance Level.(2) Bitcoin (BTC) Bulls Hold Strong: On-Chain Indicators Suggest Price Could Climb Higher. Bitcoin Faces Low Risk of 'Liquidations-Induced' Price Volatility After 70% Surge. For the First Time: Bitcoin Options Open Interest Higher Than Futures.(2) More Than Half of All Circulating Bitcoin Is Dormant.(4) Bitcoin white paper is now available in 43 different languages. Another Bitcoin Indicator Hints At Explosive BTC Price Growth. Top Performing Traders Positioning Themselves Long on Bitcoin (BTC) and Ethereum (ETH): On-Chain Data. Bitcoin Approaches $30K, Reaching Highest Price Since June. Fidelity, Bank of America’s Indirect Exposure to Bitcoin Through MicroStrategy.(2)

Bitcoin’s Energy Transparency is a Double-Edged Sword: Hut 8 CEO Jamie Leverton. DCG’s Foundry Shutters Free Mining Service. Is Russia About to Overtake USA as Largest Bitcoin Miner? Crypto Community Criticizes New York Times Bitcoin Mining Article for Fabricating Data.(2) 'Don't Mess with Texas Innovation' — advocates criticize bill removing crypto mining incentives. Arkansas Moves One Step Closer To Passing Crypto Mining Bill.

Ethereum (ETH) Price Stagnates Below $2,000, On-Chain Data Reveals Two Key Reasons. Ethereum staking deposits dip due to regulatory pressure and Shapella upgrade. Ether Options Tilting Bearish. Why the Ethereum Shanghai Upgrade Will Lead to War. How the Ethereum Shanghai Upgrade May Impact the Price of ETH.

OPINION: Rapid Rise in Population of Long-Term Bitcoin Holders Reminiscent of 2021 Bull Market: Analytics Firm Santiment

QUESTION: Is a ‘Sharp Move’ Around the Corner for Bitcoin and Ether? The Billion-Dollar Dilemma: Gold or Bitcoin? 'Pop or drop?' Bitcoin analysts decide if BTC price will beat $30K.

ALTCOINS

Ripple (XRP) Bulls Defend $0.50 Price Zone, Is the Upward Trend Finished? Ripple CTO David Schwartz Explains How XRP Can Reach As Many People As Possible. Cardano whales go on a huge ‘shopping spree’ buying up ADA dip. Has Dogecoin (DOGE) Finally Run Out of Steam?

EXCHANGES

Coinbase Will Integrate Bitcoin Lightning Network, Says CEO Brian Armstrong.(2) Coinbase exchange Vishal Gupta boss exits company.  Crypto exchange Huobi returns to profitability in Q1 after restructuring. Winklevoss Twins Lent Their Crypto Platform Gemini $100M: Bloomberg.(2)

LEGISLATION & REGULATION

Crypto Bills Didn’t Die Last Session: Lawmakers Plot Reintroductions.

OPINION: Coinbase Chief Legal Officer: The Problem With SEC's Howey Test Isn't Its Age.

LEGAL CASES

Sam Bankman-Fried declared Alamedaunauditable,’ and Former FTX US President Brett Harrison Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried; FTX controls were a hodgepodge of apps.(7) Bankruptcy lawyers, advisers billed FTX for $30 million in Feburary.(2) American Lawyer Jeremy Hogan Explains Why SEC’s Claim That XRP Is a Security Is Nonsense.(4) The $258 Billion Dogecoin Lawsuit Against Elon Musk: Dissecting The Plaintiff’s Arguments.

ATTACKS/HACKS/SCAMS

Bitcoin Scammers Impersonate $55M Lottery Winner with Fake Facebook Accounts. Terraport Finance Exploited for $2M Barely 10 Days After Launch.(2) Indian Man Tried to Jump Off Bridge After Suffering Losses in Crypto. S. Korean Crypto Exchange Gdac Hacked for Nearly $13M.(5) Euler Finance Community Weighs Plan to Return Money Recovered From $200M Hack.

OPINION: Community on SushiSwap exploit: The $3.3 hack is 'weird’ 

LESSON: Crypto Exchange SushiSwap Exploited – Here’s How to Ensure Your Funds Are Safe. 

WATCH

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Podcast of the Day: Traders Shifting to Tether and BTC Are Voting Against the U.S. | The Breakdown

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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