Coinatory

Ripple has recently aligned with Swirlds Labs and the Algorand Foundation as a principal contributor to the DeRec Alliance. This collaborative venture targets the facilitation of digital asset implementation and recovery. The innovation at the heart of this initiative, the decentralized recovery (DeRec) protocol, offers a solution for restoring critical private information, crucial in scenarios where users might lose devices integral to two-factor authentication processes. Dr. Leemon Baird, the co-founder of Hedera, elaborated on the Alliance's origins and aspirations. "The DeRec Alliance was conceived as an open-source endeavor aimed at cultivating a methodology and establishing an industry benchmark for a user-friendly, secure, and decentralized asset recovery applicable across all digital wallets," he remarked. Dr. Baird further Read more about Ripple Enhances Digital Asset Recovery by Joining DeRec Alliance #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious08:452 pointsECB's Elderson Speaks------------------11:302 pointsECB Publishes Account of Monetary Policy Meeting------------------13:002 pointsFOMC Member Bowman Speaks------------------14:002 pointsMichigan 1-Year Inflation Expectations (May)---------3.2%14:002 pointsMichigan 5-Year Inflation Expectations (May)---------3.0%14:002 pointsMichigan Consumer Expectations (May)---------76.014:002 pointsMichigan Consumer Sentiment (May)76.077.216:002 pointsWASDE Report  ------------------17:002 pointsU.S. Baker Hughes Oil Rig Count---------49917:002 pointsU.S. Baker Hughes Total Rig Count---------60517:302 pointsFed Vice Chair for Supervision Barr Speaks  ------------------18:002 pointsFederal Budget Balance (Apr)244.5B-236.0B19:302 pointsCFTC Crude Oil speculative net pos Read more about Upcoming economic events 10 May 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Binance's dedicated investigative unit has uncovered evidence suggesting that market maker DWF Labs engaged in market manipulation, employing fictitious trading strategies that came to light during an extensive internal review with advanced proprietary software tools. The discovery led to significant operational changes within DWF Labs, including the termination of its chief supervisory officer. The allegations surfaced shortly after the U.S. Securities and Exchange Commission (SEC) launched a lawsuit against Binance and its CEO, Changpeng Zhao, in 2023. In response, Binance intensified its efforts to enhance platform security and reliability by recruiting seasoned professionals from the conventional financial sector. The investigative team pinpointed several VIP clients who allegedly participated in manipulating the market, with Read more about Binance Investigation Unveils Market Manipulation by DWF Labs Amid Regulatory Challenges #Binance, #BinanceLabs, #Bitcoin, #Blockchain, #C...

Tether, the renowned issuer of the USDT stablecoin, has officially declared its strategic expansion into Eastern Europe with a significant investment in the Georgian payment service, CityPay.io. The initiative is part of Tether's broader strategy to integrate cryptocurrency solutions into mainstream financial systems, particularly in emerging markets. According to the company's press release, CityPay.io offers a robust platform that facilitates cryptocurrency transactions across over 600 locations in Georgia. This service allows consumers to seamlessly pay for a variety of goods and services using digital currencies. Tether's additional investment aims to bolster CityPay.io's capabilities and extend its service offerings. Paolo Ardoino, Tether's Chief Executive Officer, expressed enthusiasm about the expansion, stating, "Our Read more about Tether Expands Its Influence in Eastern Europe with Strategic Investment in CityPay #Cryptocurrency, #Cryptomarket, #Crypt...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsBuilding Approvals (MoM)1.9%-1.9%03:002 pointsExports (YoY)1.0%-7.5%03:002 pointsImports (YoY)5.4%-1.9%03:002 pointsTrade Balance (USD)81.40B58.55B07:552 pointsECB McCaul Speaks  ------------------12:152 pointsECB's De Guindos Speaks------------------12:302 pointsContinuing Jobless Claims1,790K1,774K12:302 pointsInitial Jobless Claims212K208K17:002 points30-Year Bond Auction---------4.671%18:002 pointsFOMC Member Daly Speaks------------------20:302 pointsFed's Balance Sheet---------7,362B22:302 pointsBusiness NZ PMI (Apr)---------47.123:302 pointsHousehold Spending (YoY) (Mar)-2.4%-0.5%23:302 pointsHousehold Spending (MoM) (Mar)-0.3%1.4%23:502 pointsAdjusted Current Account (Mar)2.04T1.37T23:502 pointsCurrent Account n.s.a. (Mar)3.489T2.644T Read more about Upcoming economic events 9 May 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Grayscale's Bitcoin Trust (GBTC), heralded as the world's largest spot Bitcoin ETF, reported its second consecutive day of net inflows on May 6, a noteworthy recovery from the substantial outflows that surpassed $17.5 billion since January's inception of similar financial products. According to data from Farside Investors, GBTC witnessed inflows amounting to $3.9 million, a modest sum compared to other industry players like the Fidelity Wise Origin Bitcoin Fund (FBTC), yet significant enough to contribute to the continued influx of capital into the spot Bitcoin ETF sector. This resurgence in investor interest aligns with a broader reversal for GBTC, which recorded its first net inflow in over three months on May 3, following a troubling period of continuous capital withdrawals. These outflows, which had resulted in a 33% reduction Read more about Grayscale Bitcoin ETF Registers Sustained Inflows Amidst Market Fluctuations #BitcoinETF, #Cryptocurrency, #Cryptomarket, #Crypto...

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious03:352 points10-Year JGB Auction---------0.753%07:002 pointsEuropean Central Bank Non-monetary Policy Meeting------------------14:303 pointsCrude Oil Inventories-1.430M7.265M14:302 pointsCushing Crude Oil Inventories---------1.089M17:003 points10-Year Note Auction---------4.560% Read more about Upcoming economic events 8 May 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Bitfinex's Chief Technology Officer, Paolo Ardoino, has formally dismissed allegations of a data breach at the cryptocurrency exchange, asserting the security of user data remains uncompromised. Over the past weekend, Ardoino conducted a detailed internal review in response to claims of a severe data breach, which he has now confirmed were baseless. The controversy began last Saturday when a report by Alice of Shinoji Research suggested that Bitfinex had fallen victim to a data breach orchestrated by a hacking group known as FSociety. The claim, which was swiftly retracted, alleged that approximately 2.5 terabytes of data, including the personal details of some 400,000 users, had been stolen during an attack dated April 26. However, this tweet was later removed. In clarifying the situation, Ardoino explained that the supposed Read more about Bitfinex CTO Refutes Data Breach Claims, Confirms User Security Intact #Bitfinex, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoda...