Crypto News Headlines (06-Apr-2023)

Satoshi’s vision exists in every version of MacOS from Mojave to Ventura, but is not in the older High Sierra (10.13) or earlier

Someone has hidden the Bitcoin Whitepaper inside every copy of MacOS shipped since 2017.

Back in April 2021, a user by the name of bernd178 on the MacOS Community Forum noticed that buried within the Image Capture Utility is a function called Virtual Scanner II, which is not enabled by default.

Hidden within Virtual Scanner II is a nondescript image of a bay in San Francisco, and a PDF copy of the Bitcoin Whitepaper.

Bitcoin had a terrific quarter—up over 68% since the start of the year—and that’s led software giant MicroStrategy to double down on its crypto bet just as the company’s initial investment closes in on profitability.

The software company today announced it had bought another 1,045 coins, or $29.3 million into the asset. Now, MicroStrategy has spent a total of $4.1 billion on the world’s biggest cryptocurrency—making it the public company with the largest stash of Satoshis in the world.

Its long-term bet on the cryptocurrency is close to becoming profitable after the asset had wild price swings since 2020: its 140,000 BTC were bought at an average price of $29,803 per coin—meaning that if the asset jumps in value by 6%, or $1,780.91, the company will have made a profit.

Singapore’s central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts, according to a Bloomberg report, citing people with knowledge of the matter.

The project has been ongoing for about six months, the Bloomberg story said. A separate industry report expected to outline best practices in areas like due diligence and risk management, could be published in the next two months, the sources told Bloomberg. The report that focuses on firms that provide payment services would cover stablecoins, NFTs, and gaming credits.

Singapore’s Central Bank, the Monetary Authority of Singapore (MAS), did not immediately respond to CoinDesk’s request for comment.

Crypto miner US Bitcoin Corp has come to a tentative agreement with the City of Niagara Falls that will allow it to reopen its mining operation in the city, according to a local news report. A state supreme court judge ordered its plant closed in early March. The settlement still requires the approval of the city council.

State Supreme Court Justice Edward Pace ordered the plant’s closing after “weeks of contentious negotiations” between the city and US Bitcoin on the wording of the order. The order enforced a ruling from another state supreme court judge to cease operations while the city sought an injunction to enforce new city ordinances affecting the plant.

A Hong Kong-based company, part of the China Pacific Insurance Company (CPIC) group, has joined forces with Waterdrip Capital and established two investment funds in the special administrative region that will concentrate on the industry built around blockchain technologies and crypto assets.

CPIC is China’s third largest state-owned insurance company, Chinese crypto journalist and blogger Colin Wu, also known by the Twitter handle ‘Wu Blockchain,’ noted in a post on Monday, citing a report by the Chinese news outlet

Waterdrip is an international investment institution supporting blockchain-oriented projects and crypto startups such as Polkadot, among others. It was founded in 2017 by “the most forward-thinking Chinese blockchain pioneers,” according to its website.

Momentum for Bitcoin (BTC) and ether (ETH) is currently traveling in opposite directions.

The Relative Strength Index (RSI), a technical indicator that measures price swings, suggests bitcoin’s price is stalling, while ether’s is likely to push higher in the near future. So far this week, BTC’s price has hovered around the $28,000 threshold where it’s stood most of the past three weeks, while ETH has risen above $1,900 for the first time in nine months.

A divergence between asset price and technical indicator occurs when price moves in one direction, and said indicator moves the opposite way. Often, such divergences foreshadow potential tops and bottoms in an asset’s price, or changes in direction.

Australia’s securities regulator announced today that it would be canceling the operating license for Binance’s derivatives business.

The specific entity is Binance Australia Derivatives, and the license allowed it to offer over-the-counter (OTC) derivative products to Australian users.

Importantly, the cancellation comes a day after the crypto exchange requested the move, reads the announcement from the Australian Securities & Investments Commission (ASIC).

“Following recent engagement with ASIC, Binance has chosen to pursue a more focused approach in Australia by winding down the Binance Australia Derivatives business,” a Binance spokesperson told Decrypt in a prepared statement. “This does not affect Binance’s continued commitment to the development of the local blockchain and digital assets industry and Australians can continue to enjoy the use of our spot exchange product.”

The Arbitrum Foundation on Wednesday proposed to expand ARB token holders’ budget oversight and governance powers with two motions aimed at turning the page on last weekend’s crypto governance meltdown.

In a Discord post, the Arbitrum Foundation said it “will not move” the 700 million ARB tokens that remain in its “Administrative Budget Wallet” until the community approved “an acceptable budget” for the sum. It also proposed actions that would make governance “more accessible.”

The twin actions represented a major concession to token holders angry over being asked to “ratify” decisions the Arbitrum Foundation had already made – including the fate of nearly $1 billion in tokens. In a nod to the fracas, Arbitrum Foundation also issued a “transparency report” into how the organization came to be.

Singapore regulators are working with traditional banks to develop uniform standards for screening potential customers from the crypto industry. The collaboration has been ongoing for the last six months.

According to a Bloomberg report from April 6, the Monetary Authority of Singapore (MAS) has been working alongside the police forces to help local banks optimize their procedures for opening accounts of digital asset service providers. After half a year of cooperation, its results and conclusions for risk management and due diligence will be published in the next two months.

The potential guidelines will also cover the topics of stablecoins, nonfungible tokens (NFTs) and transferable gaming or streaming credits. At the same time, the banks will reserve the right to make decisions based on guidelines and their own risk assessment.

The Indian government answered two sets of crypto-related questions in Lok Sabha, the lower house of India’s parliament, on Monday.

The first set asks the Minister of Finance “whether the government is planning to legalize cryptocurrency in the country” and what “impact cryptocurrency will have on the common people and especially youth.”

Shri Pankaj Chaudhary, Minister of State in the Ministry of Finance, reiterated his previous reply to parliament. “Crypto assets are currently unregulated in India. Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage,”