Lawmakers to Decide on Digital Euro’s Private Data Access

• The amount of private information the European National Bank would have direct access to if it implemented a digital euro will be decided by legislators, not the bank.
• Executive board chairman Fabio Panetta said the ECB does not have administrative rights to any personal data.
• Lawmakers will likely decide if the virtual euro may be used as official cash, and if third parties are necessary to disseminate it.

The European Central Bank (ECB) has stated that decisions regarding the implementation of a digital euro will be left in the hands of lawmakers, not the central bank. During a routine discussion on the digital euro on Monday, ECB Executive Board Chairman Fabio Panetta said that the organization’s top executives are not pushing for access to details about specific transactions.

Panetta emphasized the importance of striking a balance between privacy and other essential public policy objectives, saying that the ECB “suggests that we don’t have admin rights to any personal data.” Panetta clarified that private lenders, who would likely be used as middlemen to manage user accounts, would not have any greater access than they already do.

The ECB has also stated that the virtual euro will not be program money, meaning that there would not be any restrictions placed on users. Additionally, it is likely that lawmakers will decide whether the digital euro can be used as legal tender, and if third parties are necessary to facilitate transactions.

Overall, the ECB’s decision to put the decision in the hands of legislators emphasizes the organization’s commitment to protecting user privacy and upholding public policy objectives. It remains to be seen how lawmakers will decide to balance these factors when making decisions regarding the digital euro.

3AC Founders Launch GTX Exchange in Attempt to Rebuild Crypto Empire

• Founders of the collapsed crypto hedge fund Three Arrows Capital, Su Zhu and Kyle Davies, are raising $25 million for a new cryptocurrency exchange known as GTX.
• The exchange will allow depositors to transfer their FTX claims to the GTX exchange and get credit using a token known as USDG.
• The GTX executive team comprises several executives from CoinFlex, including the chief technology officer and the general counsel.

The crypto community is abuzz with news that the founders of the collapsed crypto hedge fund Three Arrows Capital (3AC), Su Zhu and Kyle Davies, are making plans to raise $25 million for a new cryptocurrency exchange known as GTX. This news has sent shockwaves through the crypto industry, as 3AC’s collapse was one of the biggest failures in the crypto industry in 2022.

The new GTX exchange is planning to fill the gap that FTX has left behind. GTX is a spinoff from „FTX,“ with one of the pitch decks even using the phrase „because G comes after F.“ The pitch deck says that the exchange will allow depositors to transfer their FTX claims to the GTX exchange and get credit using a token known as USDG.

The 3AC duo is teaming up with Mark Lamb and Sudhu Arumugam, the co-founders of CoinFlex. CoinFlex is an exchange that is also in the process of restructuring. The GTX executive team comprises several executives from CoinFlex, including the chief technology officer and the general counsel. GTX will use the technology provided by CoinFlex to create the exchange. The exchange’s legal team will also oversee the recent claims triggered by multiple bankruptcies, including that of firms like Celsius and Voyager.

The exchange plans to launch as early as February. With the new exchange, the 3AC duo hope to make up for the losses caused by the collapse of their previous venture. The crypto community is excited to see what the duo can bring to the table with a new venture.

The launch of the new exchange will also bring a renewed focus on the crypto industry and its regulation. With the launch of GTX, the industry will be able to see how the exchange works and whether it can bring a much-needed level of transparency. This could help the industry in its efforts to be more regulated, as well as help to create a more secure investing environment.

The news of 3AC’s comeback has been met with some trepidation, as many are still wary of the team after the collapse of their last venture. However, with the new exchange, the 3AC duo are hoping to prove that they can be trusted and that they have learned from their mistakes. Only time will tell if they are able to turn the situation around and make GTX a success.

Cardano Set to Soar in 2023: Secure Platform, Growing Attention & Price Surge

• Cardano is a cryptocurrency with a high potential for growth in 2023.
• Cardano is the top blockchain in the world in 2022 in terms of development activity.
• The Cardano community is showing high levels of trust and attention.

The digital asset market has been gaining considerable momentum in the past few months, and it is safe to say that the crypto industry is in a highly volatile state. Despite this, there are still some projects that have managed to stay afloat and show immense potential for growth in the near future. One such project is Cardano, a blockchain platform and cryptocurrency that has been gaining the attention of investors and enthusiasts alike.

The Cardano community is highly active and has shown immense faith in the project. As per the data provided by Santiment, Cardano was the top blockchain in terms of development activity in 2022. This is a testament to the hard work that has been put in by the developers and the trust that has been shown by the community.

In terms of price, Cardano is currently valued at around $855 million, and this is a testament to the growing demand for the token. The price has been steadily rising in recent months, and this trend is expected to continue in the near future. Analysts have predicted that Cardano is set to soar in 2023, and this is due to the growing trust and attention that the project has been receiving from its community.

The main goal of the Cardano project is to provide a secure and efficient platform for users to store their digital assets. The project is currently in the midst of a major upgrade and has recently launched the highly anticipated Shelley upgrade. This is expected to bring in a range of new features that will make the platform faster, more secure, and more efficient.

The Cardano team is also looking to expand its reach by forming partnerships with various entities in the industry. This could lead to more widespread adoption of the Cardano platform, which in turn could lead to a surge in its price.

Overall, the future looks very promising for Cardano, and investors should definitely keep an eye on the project. With the right strategy and preparation, Cardano could prove to be a very profitable investment in the near future.

$1.7 Million in Cryptocurrency on the Move, Who’s Behind It?

• Cryptocurrency worth more than $1.7 million was moved from Alameda Research-affiliated wallets this week.
• It is unlikely that the money is being moved by liquidators as part of bankruptcy proceedings involving FTX and Alameda.
• Sam Bankman-Fried denied being the one moving the money, but was accused of being a liar and a con artist.

This week, cryptocurrency worth more than $1.7 million was moved from wallets affiliated with Alameda Research. It appears that the funds are still in transit, as a fictitious on-chain detective ZachXBT has discovered that the funds are still in motion. This has caused speculation as to who is moving the money, and why.

The money is likely not being moved by liquidators as part of bankruptcy proceedings involving FTX and Alameda, as coin mixers are designed to conceal the movement of cryptocurrency cash between wallets. It is presently unknown who is moving the money from these wallets, but several cryptocurrency experts suggested Bankman-Fried because he is now at home and obviously has access to the internet.

When confronted with the accusation, Bankman-Fried denied it, but other well-known crypto developers, investors, and figures swiftly replied to his tweet to call him a liar and a con artist. Bankman-Fried then tweeted his own theory, saying that it is “certainly the work of a sophisticated actor or actors”.

The money was moved following a liquidity crisis, in which FTX and Alameda Research declared bankruptcy in November. Reports state that the companies’ client cash were missing in the billions of dollars. Alameda is accused of using FTX customers’ money to cover trading losses it suffered this summer when the cryptocurrency market fell.

As of now, it remains unclear who is moving the money from the wallets and why. It is also unclear what action will be taken against Bankman-Fried if it is determined that he is in fact the one moving the money.

Regardless, the cryptocurrency community anxiously awaits further developments in this ongoing story.

Ankr Price Soars, Bulls Take Control of Market – Can it Reach $0.029?

• Ankr Price Prediction is currently changing hands at $0.015.
• The technical indicator Relative Strength Index (14) faces the north.
• If the buyers put more effort, the Ankr price could possibly reach the resistance levels of $0.025, $0.027, and $0.029 respectively.

The price of the cryptocurrency Ankr (ANKR) is currently changing hands at $0.015 as the technical indicator Relative Strength Index (14) faces the north. The total supply of ANKR is 10 billion and it has a market cap of $146.4 million, making it the #127 ranked cryptocurrency on Coinmarketcap.

If the buyers put more effort and push the Ankr price above the 9-day and 21-day moving averages, ANKR/USD may likely hit the resistance levels of $0.025, $0.027, and $0.029 respectively. If the current level fails to hold strong, the Ankr could slip below the support level of $0.013.

The Ankr bulls are coming into the market and the buyers are eager to push the price to the resistance levels. However, the bulls need to put in a lot of effort to break through the resistance levels. If the bulls succeed in pushing the price above the resistance levels, then the bullish momentum could continue in the long run.

On the other hand, if the bears take control of the market, then the Ankr price could slip below the support levels. In such a case, the bears will have to be careful to avoid any significant losses. If the bears succeed in pushing the price to the lower border of the channel, then the bearish momentum could continue in the long run.

Overall, the Ankr price prediction is looking positive as the bulls have taken control of the market. If the buyers manage to push the price above the resistance levels, then the bullish momentum could continue in the long run. On the other hand, if the bears take control of the market, then the bears will have to be careful to avoid any significant losses.