The year started on a bullish note which aided the world’s largest altcoin to sprint towards its pre-FTX market cap levels. Days after struggling to overcome $1,600, Ethereum finally climbed past the resistance level on Tuesday amidst a broader market rally. Even as certain group of investors looking to pocket quick gains began offloading the...Read More
Bitcoin has been moving higher as the equity markets fetched more gains. The world’s largest cryptocurrency by market capitalization climbed over $23,000 on Tuesday. Since the beginning of the year, both Bitcoin and Ethereum added 40% surges to their trajectory, retracting the entire post-FTX dump. Needless to say, the ongoing rally has sparked concerns over...Read More
The world’s largest digital asset manager – Grayscale – will reportedly present its arguments in court regarding the potential launch of a Bitcoin ETF in the US on March 7. The United States Securities and Exchange Commission (SEC) will argue against this. The Lawsuit is Approaching Grayscale has displayed its intentions to introduce an exchange-traded...Read More
The embattled crypto company has around $160 million in loans backed by 68,000 Bitcoin mining rigs which it needs to sell. The New Jersey-based firm started the bidding process for the loans last year, according to a Jan. 24 Bloomberg report citing ‘people familiar with the matter.’ They added that some of these loans have...Read More
The Cardano network suffered a brief outrage on Sunday between blocks 8300569 and 8300570. Stake pool operator Rick McCracken shed more light on the matter and assured the community that the entire network did not go down. He said that an “anomaly” caused nearly 50% of nodes to disconnect and restart. According to McCracken’s latest...Read More
Crypto markets have been showing strong signs of recovery – but not everyone is convinced, and financial institutions are understandably on their guard. According to the Federal Deposit Insurance Corporation (FDIC), offering crypto products and services should be considered a high-risk activity by traditional banks. “Business models that are concentrated in crypto-asset-related activities or have...Read More
Bitcoin prices have pushed higher over the weekend, continuing the rally that began with the new year. The asset has now notched up a 45% gain since its cycle low of $15,665 on November 22. However, there are mounting fears of a bull trap despite the rally still showing strength. A bull trap is a...Read More
The non-profit organization – Stellar Development Foundation – announced joining a new advisory committee of the United States Commodity Futures Trading Commission (CFTC). According to the firm’s statement, SDF will be one of the four crypto-focused organizations at the Global Markets Advisory Committee (GMAC), which is one of the five active Advisory Committees overseen by...Read More
Most retail investors are still very much interested in investing in digital assets despite experiencing what is arguably the worst bear market in crypto history. According to a recent survey report by the social trading platform eToro, more than two-thirds, approximately 69%, of retail investors revealed that they are positive or have mixed feelings about...Read More
Shiba Inu was the most popular crypto in new wallets over the past week, an on-chain analytics firm recently found. Banking was a boring subject for the Baby Boomer generation, but in the Internet of programmable money, finance is fun. If asked to guess what they thought was the most popular first coin for new...Read More
Ethereum and Cardano have always been at loggerheads. The two blockchain network’s development activity has been pitted against each other even before the former’s transition to Proof-of-Stake (PoS). Needless to say, Ethereum and Cardano went on to become the blockchains with the most active developers in 2022, with 223 and 151 average daily devs throughout...Read More
In a significant development that indicates that the Indian government may not fully chime with the central bank’s overly hostile stance against cryptocurrencies, a junior minister explained that such activities are fine as long as they follow existing laws. This is in sharp contrast to the Reserve Bank of India’s (RBI) ban on crypto in...Read More
2022 has been a turbulent year. One good thing to come out of it is that – ransomware earnings are significantly down. Attacks on the crypto industry remain rampant. However, data suggests that victims are increasingly refusing to pay ransomware attackers. Blockchain analytics company Chainalysis, in a new report, shed light on the changing dynamics...Read More
The US-based cryptocurrency exchange – Coinbase – reportedly doubled down on its agreement with one of the most successful German soccer teams – Borussia Dortmund (BVB). The deal, which turned the platform into a Premium Partner of the Bundesliga club, will last until the end of June. Making the Collaboration Public Coinbase started its partnership...Read More
21Shares announced the launch of first-of-its-kind crypto staking index ETP focused on proof-of-stake-based coins. Dubbed 21Shares Staking Basket Index ETP (STAKE), the product will essentially provide exposure to staking rewards while tracking the performance of underlying staked coins via a single ETP. World’s First Crypto Staking Index ETP According to the official press release, the...Read More
ETH’s price is rallying throughout the past couple of weeks. But that’s not the only news adding to Ethereum’s bullish momentum this month. The decentralized computer network is closing in on 100 million Ethereum addresses. Crypto prices continue to swell with capital inflows as we enter the second half of January. Positive macroeconomic data continues...Read More
According to a study by Bybit and Toluna, 64% of North Americans spend less than two hours or don’t research at all before investing in cryptocurrencies. Boomers (those aged 56-64) tend to be more cautious, focusing on technical factors and inspecting the market a few days before diving into it. Jumping on the Bandwagon Without...Read More
Despite much turmoil in 2022, the Bitcoin mining industry’s hashing technology only continued to grow more efficient throughout the year, according to a new survey from the Bitcoin Mining Council (BMC). The industry also grew marginally greener, retaining a sustainable energy mix of over 58%. Bitcoin is Green, Says BMC In a press release on...Read More
The United States Federal prosecutors have confiscated nearly $700 million in cash and assets connected to Sam Bankman-Fried, the disgraced founder of FTX. At the heart of the seizure are the 55 million Robinhood shares owned by Bankman-Fried and Gary Wang, valued at over $455 million. The ownership of the shares has been disputed even...Read More
Bitcoin mining company – CleanSpark – has started the construction of the second phase on a site in Washington, Georgia, that is set to accommodate 16,000 miners. This move is expected to increase its hash rate total to as high as 8.7 EH/s, thereby contributing an additional 2.2 EH/s. In the new phase, the mining...Read More
Scammers have created a fake FTX token, dubbed FTX 2.0, to impersonate the now-bankrupt crypto exchange less than 24 hours after the company’s new CEO announced that the platform could be revived. According to blockchain security firm PeckShield, the bad actors sent the tokens to the FTX exchange, pretending to add liquidity before airdropping them...Read More
Charles Hoskinson, CEO of Input Output Global, the firm behind the Cardano blockchain, is interested in purchasing the crypto news website CoinDesk. The latter is exploring a potential sale as its sister firm slid into bankruptcy. CoinDesk’s Kevin Worth recently asserted that the publication was receiving “numerous inbound indications of interest.” On Potential CoinDesk Acquisition...Read More
The cryptocurrency rally this month was so robust that traders are looking out for the price bottom. Is the market there yet, or will bears take the prices back down to key optical support at $20K? Here are four new bullish indicators for the BTC price. Solid MA Crossover in New Bitcoin Addresses On-chain intelligence...Read More
Ben Zhao, the founder of crypto exchange Bybit, took it to Twitter to address concerns raised over the company’s exposure to the now-bankrupt crypto lender Genesis Global Capital. According to court filings, Genesis owes its top 50 creditors $3.4 billion, including Bybit’s investment unit Mirana. The filing shows that the crypto lender owes Mirana approximately...Read More
Back in September, the Californian DFPI and other U.S. regulators ordered Nexo to desist from offering Earn Interest Products (EIP), which in the company’s case took the form of crypto asset lending accounts. At the time the charges were filed, Nexo had already ceased offering the accounts to U.S. investors. However, U.S. investors could still...Read More
Digital Currency Group (DCG) subsidiary Genesis has finally filed for Chapter 11 bankruptcy in the Southern District of New York (SDNY) court late Thursday night. The platform was engaged in a series of confidential negotiations with several creditor groups for weeks amid a liquidity crunch. According to the latest report, Genesis Global Holdco and two...Read More
Peter Thiel has been a long-time Bitcoin backer. But his fund closing almost all its crypto positions shortly before the market went downhill did not sit well with many. According to Fortune’s latest report, Thiel’s VC firm – Founders Fund – cashed out all of its bets on cryptocurrencies and made $1.8 billion in profit...Read More
ConsenSys – a blockchain software technology company – and Amber Group – a cryptocurrency platform based in Singapore – are the latest entities in the digital asset sector to announce staff layoffs. The former will trim its team by approximately 11%, while the latter reportedly plans to reduce its Hong Kong division by 50%. Adjusting...Read More
Multi-chain crypto wallet BitKeep revealed that it will launch the compensation portal in the first week of February, and 50% of the funds are expected to be returned to users by the end of the same month. The remaining funds will be distributed by the end of March. To avoid fluctuation, the asset valuation of...Read More
The acting Chief Executive Officer of FTX, John J. Ray III, who is in charge of making sure that the creditors of the bankrupt exchange receive as much compensation as possible, said that the platform might restart. In an interview with The Wall Street Journal, John J. Ray III said that restarting the exchange is on the...Read More
