Market - Optimisus

Telegram Wallet Integrates Bitcoin Transactions to Offer More Investment Options for Users

1 year ago 1 min read

Telegram Wallet Integrates Bitcoin Trading Capabilities for Users

Telegram messaging app users can now purchase, withdraw, and exchange Bitcoin (BTC) through the Wallet bot and its associated services. This move, announced on April 21, builds upon Telegram’s existing services related to cryptocurrencies, but it is noteworthy that the Wallet bot was created by a third-party developer using Telegram’s open bot API. The @wallet web interface now enables users to buy Bitcoin using a bank card or the P2P market in the “Buy & Sell” section. Additionally, the platform’s updated “Exchange” feature instantly swaps Bitcoin, Tether (USDT), and Telegram Open Network (TON) with each other. This development is a

1 year ago 1 min read

BitBoy Crypto Faces Consequences After Missing Court Appearance

Popular cryptocurrency influencer and Youtuber Ben “BitBoy” Armstrong has landed in hot water after refusing to appear for a court hearing regarding his promotion of FTX. Armstrong has been accused of launching a harassment campaign against Adam Moskowitz, a lawyer representing plaintiffs in a lawsuit against multiple Youtubers who promoted the failed cryptocurrency exchange. Following the charges, BitBoy reportedly sent Moskowitz angry emails and called him names on social media. Multiple reports suggest that Judge Melissa Damian was outraged by Armstrong’s absence from the court hearing. Armstrong’s attorney said he could appear before the court in May while attending the

Abu Dhabi Global Market (ADGM) Proposes DLT Legislation Framework: Targeting Disclosure, Governance, and Liquidation Structures The ADGM's Registration Authority is seeking feedback on its proposed "DLT Foundations Regulations 2023," aiming to establish a tailored legislative framework for distributed ledger technology (DLT). This framework will cover matters of service type and governance, including disclosures, liquidation, and reporting measures. Decentralized autonomous organizations (DAO) are among the governance structures that will be addressed in the proposal. The proposed regulations also cover insolvency and liquidation measures, and are of interest to any persons operating or planning DLT projects, engaging in digital asset-related activities, and their legal advisors, as well as DLT industry participants, associations, and stakeholders. The UAE has been working towards establishing regulations that could attract blockchain and crypto firms to the region, with Dubai enacting a crypto regulatory framework earlier this year and the UAE unveiling federal licensing requirements for virtual asset service providers last week. In addition, Abu Dhabi kicked off a $2 billion initiative to support Web3 projects in February.

1 year ago 1 min read

Abu Dhabi Financial Free Zone Unveils Plan for Decentralized Economy Framework

The Abu Dhabi Global Market’s (ADGM) Registration Authority has put forward a proposal for a new legislative framework for distributed ledger technology (DLT). The proposal targets disclosures, liquidation, and governance structures, aiming to establish a tailored legislative framework that considers the features of foundations that might be attractive to developers of DLT projects. These include decentralized autonomous organizations (DAO), a favored governance structure for decentralized initiatives. The ADGM is an international finance center within the UAE and has a bespoke licensing regime for virtual asset service providers. While the authority is not the ADGM’s financial watchdog, the proposal is limited

MICA Gets Green Light: EU Approves New Law for Crypto Markets

1 year ago 1 min read

EU Passes Markets in Crypto-Assets Act (MICA) to Regulate Digital Assets

The European Union (EU) has taken a significant step towards establishing a standardized regulatory infrastructure for cryptocurrencies with the adoption of the Markets in Crypto-Assets Act (MiCA). This Act will work towards eradicating uncertainties for investors and institutions by setting a standard set of regulations for cryptocurrency assets across the EU. The legislation, however, still needs approval from the European Council before it can become standard regulation. Following the vote, Stefan Verger, a member of the European Parliament, tweeted that the adoption of the regulation was a significant milestone for the crypto asset industry. He thanked his colleagues and the

Magi Rollup Client from a16z to Streamline Optimism Scaling on Ethereum

1 year ago 1 min read

a16z Launches Magi, a Rollup Client for Optimism Scaling Solution

On April 19, venture capital (VC) giant a16z announced Magi, a new rollup client for the Ethereum layer-2 ecosystem, Optimism. This move is an effort to increase client diversity in the rapidly expanding layer-2 ecosystem, which is critical for the safety and liveliness of the network. Magi is an OP Stack rollup client developed in Rust programming language, which will function as a consensus client for advancing the chain. The new software is set to replace op-node, the only existing rollup client implementation. The goal of the release is to encourage greater safety and liveliness throughout the OP Stack while

LockBit Ransomware Group Strikes Venezuela’s Leading Bank in Cyberattack

1 year ago 1 min read

Venezuela’s Largest Bank Targeted by LockBit Ransomware Attack

Reports have emerged that Venezuela’s largest bank, Banco de Venezuela, has suffered a ransomware attack. Several cybersecurity portals monitoring these types of attacks have confirmed the news. Twitter users first began discussing the breach on April 19, and since then, specialized computer security portals have confirmed that a publication on the darknet about the bank’s domain, bancodevenezuela[.]com, exists. The malicious software used in the attack is known as LockBit ransomware, which encrypts a victim’s files or data, making them inaccessible, and demands a ransom, usually in the form of cryptocurrency, from the victim to decrypt and regain access to their

Coinbase Given Go-Ahead for Offshore Exchange, Launch Date Expected Soon

1 year ago 1 min read

Coinbase’s Offshore Exchange Receives Regulatory Approval, Launch Imminent

Coinbase, the largest cryptocurrency exchange in the United States, has acquired a Class F license from the Bermuda Monetary Authority (BMA) under the Digital Asset Business Act. This new license allows Coinbase to launch an offshore derivatives exchange platform that will permit the trading of perpetual swaps tied to cryptocurrencies. The news has raised speculation on how the crypto exchange will handle the current regulatory scrutiny in the US, especially with its announcement of possible relocation in the region. Coinbase’s Class F license enables the company to engage in various activities, including the sales and issuance of tokens. Additionally, it

Voyager and Binance.US $1B Deal Moves Forward After Successfully Resolving Legal Disputes.

1 year ago 1 min read

Voyager’s $1B Deal with Binance.US Moves Forward After Resolving Legal Concerns

Bankrupt cryptocurrency lender Voyager Digital Holdings has successfully sealed a deal with the United States federal government that paves the way for a $1 billion plan allowing Voyager to sell its assets to the U.S. arm of Binance. The government can still work on an appeal on exculpation provisions, which it believes protect Voyager from certain legal liabilities. The deal with Binance.US was temporarily halted by a federal judge after an emergency stay request from the U.S. government. Despite challenges from Voyager and the Official Committee of Unsecured Creditors, the government’s request was granted on March 27. U.S. regulators have

Silvergate Bank's Alleged Association with FTX Brings About Combined Legal Action

1 year ago 1 min read

Judge Combines Silvergate Lawsuits Involving Alleged Ties to FTX

A California judge has ordered the consolidation of three investor lawsuits against the now-defunct crypto bank, Silvergate Bank. The lawsuits involve the bankrupt crypto exchange FTX, which is accused of facilitating investor fraud with the help of Silvergate. The three cases, brought by four former investors, will remain separate from other federal cases against FTX and its founder, Sam Bankman-Fried, but will be combined by mutual agreement of the litigants. Silvergate is accused of aiding and abetting FTX’s alleged misconduct, including processing illegitimate transfers of FTX customer funds to its sister trading firm, Alameda Research. The consolidation was ordered due

Australia Takes the Lead in Bitcoin ATM Adoption Across the Globe

1 year ago 1 min read

Bitcoin ATM Expansion Surges in Australia, Outpacing Asia

Australia has recently emerged as a powerhouse in the crypto ATM space, surpassing the entire continent of Asia in the total number of crypto ATMs installed. According to data from Coin ATM Radar, Australia now hosts the third-largest network of Bitcoin ATMs in the world, with 364 machines installed. What’s even more impressive is the country’s consistent growth in space. While other leading nations, such as the United States and various European countries, have seen a reduction in ATM installations, Australia has been consistently adding new machines since the beginning of 2023. This growth comes at a time when the

Ethereum MEV Bot Feasts on Gas as Memecoin Craze Takes Hold

1 year ago 1 min read

MEV Bot Drains Over $1M in Gas Fees as Ethereum’s Memecoin Craze Continues

An Ethereum MEV bot has been busy pumping obscure memecoins, such as PEPE and WOJAK, and churning through the gas in the process. The bot, known as ‘jaredfromsubway.eth,’ spent over $1 million in gas in the past 24 hours, accounting for almost 8% of the total gas spending over that period. This has caused gas prices to increase for regular users. The bot has spent over 1,183 ETH, worth $2.4 million, in the past week, making it the top gas guzzler with a monthly Ethereum gas usage of $5.3 million. The bot uses Maximal (formerly Miner) Extractable Value (MEV) to

The official Twitter account of the Floki Inu ecosystem has been awarded a golden checkmark

1 year ago 1 min read

Floki Inu Becomes First Dog-Themed Crypto Ecosystem to Receive Twitter Golden Checkmark

The Floki Inu ecosystem, which has taken the crypto world by storm, has added another feather to its cap. The official Twitter account of the Floki Inu ecosystem has been awarded a golden checkmark, which signifies that it is a business organization account. Notably, Floki Inu is the first and only dog-themed crypto ecosystem to receive this prestigious mark. Even Elon Musk’s favorite Dogecoin only has a blue checkmark, along with fellow meme tokens Shiba Inu and BabyDogeCoin. The announcement of the golden tick coincides with the release of FlokiUltras 2.0, the second phase of a guerilla marketing competition organized