[Weekly Readings]Blur‘s Airdrop Rally Crypto Market, Bitcoin Will Be The Ultimate Winner?

HuobiPublicado em 2023-02-18Última atualização em 2023-02-17

Resumo

Fantastic articles of this week, helping investors gain an in-depth view of the market

Fantastic articles of this week, helping investors gain an in-depth view of the market.

1.NFT marketplace Blur set to raise at billion dollar valuation

The startup’s valuation climbed to unicorn status in negotiations with investors, according to two people with direct knowledge of the effort.

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2.[Featured Research]Blur: An NFT Flipper’s Paradise

Blur is a community-driven NFT marketplace and aggregator designed with pro traders in mind. It introduces many new features and quality-of-life updates over other leading marketplaces, making the NFT trading experience more streamlined and intuitive.

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3.Top Trader Predicts Massive Rallies for Under-the-Radar Altcoin Amid Crypto Correction – Here Are His Targets

An analyst who nailed the end of Bitcoin’s (BTC) 2021 bull market thinks that one low-cap altcoin could ignite rallies amid a flurry of bullish catalysts.

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4.[Featured Research]How To Claim Your $BLUR Airdrop

Anew project joins their ranks today, which is the NFT marketplace Blur with its new governance token, $BLUR.

There’s a ton of activity surging around $BLUR right now, so let’s get you up to speed on all the basics here!

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5.Paxos to stop minting BUSD stablecoins for Binance

All existing BUSD tokens will remain fully backed and redeemable through Paxos Trust Company until at least February 2024, Paxos said.

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6.Ethereum (ETH) Staking: Overview of Top Platforms

Find out what it takes to choose staking pool and which ones stand out for Ethereum staking

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7.[Featured Research]What Has Changed In Crypto Market?

A closer look at the January mini bull run and what you can learn from it as an investor/speculator—

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8.Bitcoin 101: past, present and future（Part1:Step by step）

Bitcoin was not born in 2008. In fact, it is the result of decades of study and research in the field of computing. To best understand the origins of Bitcoin, we have to go back in time to 1933. Its prehistory is full of important events and to understand where we are today, we have to take a not inconsiderable time plunge.

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Leituras Relacionadas

Catholic And Law Enforcement Groups Warn CLARITY Act Could Weaken Crypto Crime Safeguards

A coalition of Catholic leaders, law enforcement groups, and anti-trafficking advocates warns that the CLARITY Act could weaken safeguards against crypto-enabled crime. Their criticism focuses on provisions that would protect developers of non-custodial software (like wallets and DeFi protocols) from being regulated as money transmitters. This highlights a core regulatory dilemma: distinguishing neutral software from financial intermediation. Crypto advocates argue such developers should not be treated like exchanges, while critics fear broad exemptions could hinder the tracking of illicit finance, including human trafficking and sanctions evasion. The bill aims to create clearer market-structure rules, but this opposition shows the debate extends beyond investor protection to law enforcement concerns. The pushback means supporters may need to address these issues, potentially leading to amendments or stricter requirements. For the crypto industry, clearer rules could spur U.S. investment, but the bill faces a tougher political path if framed as weakening crime-fighting tools.

bitcoinistHá 3h

Catholic And Law Enforcement Groups Warn CLARITY Act Could Weaken Crypto Crime Safeguards

bitcoinistHá 3h

The Full Story of How Crypto Unicorn Blockstream Is Mired in Serious Fraud Allegations

This article details serious allegations of fraud against Bitcoin infrastructure company Blockstream, founded by Bitcoin pioneer Adam Back. In June 2024, investigative account NatInfoSec published a report accusing Blockstream's mining note (BMN) program of potentially operating a multi-billion dollar scheme with Ponzi-like characteristics. The core allegations focus on Blockstream Mining Notes (BMNs), which offer investors fixed annual yields up to approximately 20% from Bitcoin mining. NatInfoSec's investigation raises several key issues: 1. **Suspicious Hashrate & Payout Capacity**: The analysis suggests Blockstream would need 20-45 EH/s of mining power to cover its BMN obligations, but its public dashboard shows only around 15 EH/s. Furthermore, no verifiable public evidence (e.g., grid connection records, import data) was found to support the massive mining operation required. 2. **Questionable Payout Source**: The BMN contract allows Blockstream to use Bitcoin from *any source* (Substitute Performance BTC) to fulfill investor payouts, raising concerns that payouts may not come from actual mining revenue. 3. **High-Risk, Fixed Returns**: Offering ~20% fixed yields in the volatile, cyclical Bitcoin mining industry is viewed as highly unusual and requires clear explanation. 4. **Undisclosed Criminal Record of Key Figure**: Christopher William Cook, a key figure in Blockstream's mining operations and CEO of spin-off Exacore, was found to have a federal felony conviction for mail fraud in 2008, a fact not disclosed in BMN offering documents. His background was also allegedly embellished. 5. **Potential Contagion to BSTR SPAC**: Questions were raised about whether these liabilities and Cook's record should have been disclosed in the SEC filings for Bitcoin Standard Treasury Company (BSTR), a separate Adam Back-associated firm planning a SPAC merger. The crypto community is divided. BitMEX Research validated Cook's criminal record and expressed concern over the high yields but found other evidence lacking or misleading, noting the legal separation between BMN, Blockstream, and BSTR. Blockstream defenders, like Samson Mow, argue the mining is real. Critics, however, emphasize the lack of independent, verifiable proof of the mining operation's scale and the true source of investor payouts. The article concludes that BMN remains shrouded in key unanswered questions regarding its actual size, the verifiability of its underlying mining assets and payouts, the source of its high yields, and the full role and disclosure concerning Chris Cook. Blockstream had not issued a comprehensive response at the time of writing.

marsbitHá 7h

The Full Story of How Crypto Unicorn Blockstream Is Mired in Serious Fraud Allegations

marsbitHá 7h

South Korea Targets 40 Unregistered Crypto Operators in Regulatory Crackdown

South Korea's Financial Intelligence Unit has referred around 40 unregistered virtual asset service providers to the police as part of a regulatory crackdown. Under local law, all crypto exchanges must obtain ISMS certification and FIU registration before operating, yet only 28 entities are currently registered. The FIU identified methods used by offshore platforms to attract Korean users, including advertising on local messaging apps and using private money changers to convert stablecoins. Officials stressed that unregistered platforms are not protected by Korean law. This action aligns with South Korea's push for stricter global crypto compliance through FATF measures. FIU Director Lee Hyung-joo recently urged FATF members to remove transaction thresholds for the "Travel Rule," as South Korea plans to mandate identity checks for all crypto transactions starting in August, expanding from the current 1 million won (≈$730) minimum. Regulatory enforcement has intensified in 2026, with authorities pursuing criminal cases against market manipulation schemes and enhancing cooperation with financial institutions to curb cross-border illegal transactions.

TheNewsCryptoHá 7h

South Korea Targets 40 Unregistered Crypto Operators in Regulatory Crackdown

TheNewsCryptoHá 7h

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