News feed
Breaking
ECB: "The digital euro will not be programmable"
Fabio Panetta, a member of the board of the European Central Bank, said that the digital euro does not involve the ability to set limits on how funds can be spent.
This is one of the main concerns in society regarding the proliferation of Central Bank Digital Currencies (CBDCs), since today's technology will allow it to happen.
Well, we'd like to believe... But today it's one thing, and tomorrow another.
Breaking
— Honey, I'm not an alcoholic, I'm a virtual sommelier!
Welcome another legend to the crypto family! Irish Distillers Int'l, the company behind Jameson whiskey, has registered a metaverse trademark!
Based on the application, it can be concluded that the iconic manufacturer plans to sell virtual alcohol, items and accessories, NFT trading software, and maybe even create a marketplace and a virtual bar!
Go, go, Jameson! We do not know exactly how all this will look, but every brand like this plays into the hands of mass adoption.
Breaking
Microsoft is investing $10 billion in OpenAI
Today, Microsoft Corporation announced the third stage of a long-term partnership with OpenAI, the company behind ChatGPT. The total investment is 10 billion dollars.
ChatGPT is an artificial intelligence chat that is rumored to be able to replace professional writers and do homework for students.
Now we are waiting for ChatGPT to replace the woeful market traders
Breaking
Coinbase expands partnership with Borussia Dortmund
The agreement, which turned the crypto exchange into a Premium Partner of the Bundesliga club, will last until the end of June 2023.
Under the new terms, Coinbase will promote its products and services at Signal-Iduna-Park (the club's home stadium) and provide crypto-educational programs for team members.
The numbers of the deal are not disclosed.
But it is not that important. After all, we are still Barcelona's fans.
Breaking
Another insider trading charge against Binance?
Conor Grogan, Head of Product Business Operations at Coinbase, called attention to dubious transactions carried out by anonymous wallets that were purchasing tokens minutes before Binance listing announcements and selling them during the pump.
The purchase of Rar, ERN, TORN, and RAMP tokens are examples of such transactions. A $100,000 to $900,000 worth of transactions were made. The "trader" earned several million dollars over the course of several transactions.
Grogan speculated that it could be either a rogue employee or a trader who might have access to the losing API.
Editors' note: don't make it up! Ukrainian deputy Oleh Liashko won the lottery three times and took home the grand prize each time. It's just luck, a strong instinct, and a desire for victory!
Breaking
Vitalik Buterin offers stealth addresses for Ethereum
The truth is that by default, all data that enters the public chain of network blocks also becomes public. This is why the "problem of publicity" has been a topic of discussion for a while.
However, Vitalik came up with a solution!
His proposal calls for the use of ‘’stealth addresses’’, which enable the confidential receipt of money into your wallet through additional transaction encryption.
The L2 solution and ZK-SNARKs will be used for the process's speed and reliability.
Details will be provided later in our article.
Breaking
Elliott invests billions of dollars in Salesforce
One of America's largest hedge funds, Elliott Management, has made a multibillion-dollar investment in software giant Salesforce.
"We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," said Elliott Managing Partner Jesse Cohn, who has previously served on the boards of such companies as Citrix, eBay Inc., and Twitter.
Last year, Salesforce announced the launch of its NFT Cloud platform. In 2019, the developer marketed its own blockchain development tool.
Breaking
Stellar gets voting rights at the CFTC
The Stellar Development Foundation has announced that it joins an advisory committee of the U.S. Commodity Futures Trading Commission.
Blockchain company Stellar will join representatives of traditional financial markets such as J.P. Morgan, Goldman Sachs, and BlackRock and get a say in institutional-level issues.
SDF representatives noted that they will primarily focus on the use of Layer 1 protocols in government agencies and bank transfers in stablecoins.
Breaking
Shanghai Fork will usher in a new era of staking for Coinbase
Ethereum supporters are looking forward to the upcoming crypto spring. Another network update, dubbed Shanghai Fork, is scheduled for March. Shanghai Fork will allow users to access the funds locked into the Ethereum Beacon Chain. Depositors will be able to participate in validating transactions and earn newly-created Ethereum.
J.P. Morgan believes Shanghai Fork will be a pleasant surprise for Coinbase as well. It estimates that up to 95% of retail investors of this crypto exchange will be able to participate in Ethereum staking after the update. The matter is that Coinbase may get additional revenue of about $225-$545 million per year.
Breaking
WARNING: Fake Aidrop!
Just 24 hours after FTX's new CEO, John Ray, announced that the platform could be revived, fraudsters created a fake FTX 2.0 token.
The FTX2.0 scam token is being actively spread among the registered users' wallets, including Justin Sun, KuCoin, and Binance.
Security firm PeckShield reported that the smart contract of FTX 2.0 has a backdoor that allows hackers to steal funds from users' accounts. To participate in the "new airdrop" the users are encouraged to click on a phishing link.
But the worst part is that the token's code allows buying the coin, but prohibits it from being sold. That's why its price has quickly rocketed, causing a wave of FOMO among FTX customers.
Breaking
Genesis cashed out right before the bankruptcy
Chainalysis investigators claim that a few hours before the announcement of bankruptcy, funds totaling about $155 million were withdrawn from the Genesis exchange:
- 50,000 ETH to Coinbase
- 20,000 ETH to Bitstamp
- 5,000 ETH and 3.9 million USDT to Kraken
- 7.7M FTM to Binance
- 36 million USDT to an unknown wallet
Some analysts speculate that this could be a partial repayment of Genesis' debt to creditors.
Of course, it is the case! That's exactly what all bankrupts do before filing for bankruptcy.
Breaking
The market downfall is over?
James Gorman, CEO of Morgan Stanley, said that the world economy has come out of its peak.
Positive changes were influenced by two factors:
- inflation in the USA has reached maximum levels
- relations between USA and China began to improve
Gorman believes that China and the United States have finally agreed: instead of redistributing the world's prosperity among themselves, they have moved to the desire to increase it so that everyone gets more.
Gorman also suggested that the Fed will not raise rates above 25 basis points next month.
The crypto market seems to agree.
Breaking
Russian drug marketplaces fight over the Darknet
The russian Solaris platform was hacked by the Kraken trading platform, which also targets the russian-speaking audience. Kraken claims to have taken control of Solaris' infrastructure and Gitlab repository, as well as locking and emptying its crypto wallets.
Both platforms are linked to a Russian operator and both have about 25% market share of the total volume of drugs and weapons sold on the dark web.
It is known for certain that Solaris used the services of pro-Kremlin hackers Killnet, which launched DDoS attacks on Ukrainian and European government servers in 2022.
All Solaris clients are now automatically redirected to the Kraken website because the hackers not only took control of the code and wallets but also set up a redirect.
There are three things you can watch forever: fire burning, water falling, and Russians destroying each other.
It is still unknown what kind of Kraken it is. Maybe it's some of ours
Breaking
Which companies have exposure to Genesis
Genesis filed for Chapter 11 bankruptcy protection on Thursday. Now the major creditors started to become known and ready to comment.
- The Gemini Exchange is the bankrupt's largest creditor. Its losses total more than $750 million.
- Investment fund Mirana. Genesis owes the fund (which invested in platforms like Bybit and BitDAO) $151.5 million.
- Decentraland. According to its representatives, it had a credit against Genesis of $7.8 million.
- Stellar Blockchain has a claim for $13 million against the bankrupt company.
- Coincident Cap confirmed that Genesis has $110 million in debt to them.
All the creditors claim that Genesis' troubled liabilities won't affect their current operations and that any potential losses will be covered. However, they don't specify at whose expense.
Genesis owes a total of $3.4 billion to its creditors.
WELCOME TO GAGARIN NEWS!
Crypto is now closer than you think
GAGARIN NEWS is a global portal about the realm of crypto news that originated in Ukraine. Created by the masterminds behind the world’s first entertainment show about cryptocurrencies Gagarin Show, the online platform aims to popularize the new era of blockchain technology that is irreversibly transforming the world as we know it.
Readers will have access to information about the latest news, events, analytics, opinions, videos, interviews and much more from the world of crypto. The media outlet is also aimed at both advanced crypto adepts and those who are only beginning their journey in this field. Also those who are somewhere in the middle.
Gagarin News has its own brand ambassadors – anonymous crypto gurus Dr. Smartcontract and Mr. Etherman. Both 'mascots' host the YouTube Show "Cryptocurrency Not For Dummies" and are actively involved in the community – they often chat with readers on various social media platforms and express their opinions about crypto market news.
The portal has also launched the “Authors Program” - an initiative that allows aspiring copywriters and crypto coin news journalists to submit their articles and receive monetary rewards for 'views'. after going through moderation and once approved by our team of editors, the article gets published on our website. Authors are then granted the opportunity to earn for their work. Think of it as YouTube monetization, only instead of views, authors receive rewards for their articles being read by other people.
Blockchain technology is gaining momentum and attracting more and more people. After all, blockchain has confidently entered the geopolitical arena and has become a lever of global processes in the economy and society. However, this latest technology still remains terra incognita for many people. So the mission of GAGARIN NEWS is to promote blockchain and make the technology popular, to provide quality content and in-depth analytics that will be useful to those who are just entering the industry and those who have been in it for a long time and need their crypto news now.
Gagarin News was initially inspired by Gagarin Show – a YouTube channel with 86 thousand followers. In two years the channel released 86 videos and gathered almost 22 million views. One might say that “Gagarin Show” is the predecessor of Gagarin News. The two independent projects have the same objective in mind – to educate the global public on the industry of blockchain technology. Created initially as a hobby, the project has developed ambitious goals and intends to lay the foundation and create a platform to engage the public with the realm of crypto news today and finance.
Get your crypto news alerts and live crypto news together with Gagarin News.