Posts

Showing posts from January, 2023

Crypto-friendly bank ends loans backed by crypto mining rigs

Image
After a bullish 2021 crypto miners sought out loans to allow them to expand, a move which has since backfired following difficult market conditions in 2022. from Cointelegraph.com News https://ift.tt/bd765lx via IFTTT

Crypto exploit losses in January see nearly 93% year-on-year decline

Image
Around $8.8 million was lost to crypto exploits in January, a massive decline from the figures this time last year. from Cointelegraph.com News https://ift.tt/af3wz2Y via IFTTT

BAYC investors have less than a week to join class action against Yuga Labs

Image
The new class action lawsuit aims to help BAYC and APE buyers get compensation from Yuga Labs due to the firm allegedly misleading investors. from Cointelegraph.com News https://ift.tt/9hPcduB via IFTTT

Hong Kong will not tolerate algorithmic stablecoins in new regulation

Image
The new regulatory regime for stablecoins in Hong Kong should arrive no later than 2024. from Cointelegraph.com News https://ift.tt/kdwY6NB via IFTTT

Here’s how Kazakhstan aims to enhance its legacy crypto trading framework

Image
The Astana Financial Services Authority, a Kazakh regulator, pointed out that the existing framework dates back to 2018 while proposing certain enhancements. from Cointelegraph.com News https://ift.tt/BkOfzyH via IFTTT

Premier League gets Ethereum-based digital cards with Sorare partnership

Image
Sorare seals partnership with the English Premier League to issue Ethereum-based digital player cards for its popular fantasy sports platform. from Cointelegraph.com News https://ift.tt/7e64CgG via IFTTT

Mastercard, Binance to launch their second prepaid crypto card in Latin America

Image
Crypto adoption and usage in Brazil are higher than the global average. from Cointelegraph.com News https://ift.tt/Xc9pow7 via IFTTT

Millionaires flock to crypto: 82% sought investment advice in 2022

Image
A recent study from deVere Group found a majority of their clients had asked their financial advisers about adding crypto to their portfolios. from Cointelegraph.com News https://ift.tt/GP1QBbu via IFTTT

Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’

Image
Binance says it has already unblocked 90% of crypto accounts that were suspended due to the Bitzlato investigation. from Cointelegraph.com News https://ift.tt/HgY0qtw via IFTTT

Bitcoin adoption of Guatemalan merchants grows one BTC tattoo at a time

Image
The Central American country of Guatemala is getting inked on the path to greater Bitcoin merchant adoption. from Cointelegraph.com News https://ift.tt/85HTgWh via IFTTT

Bitcoin mining revenue jumps up 50% to $23M in one month

Image
As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of US dollars. from Cointelegraph.com News https://ift.tt/emB9r1Y via IFTTT

Key takeaways from USDC $44.5 reserve report

Image
Circle has released its reserve report for December 2022 highlighting over-collateralized asset holdings currently backing 44.5 billion USDC tokens in circulation. from Cointelegraph.com News https://ift.tt/NEvJgDn via IFTTT

Hermes v MetaBirkin: NFT trademark stoush heads to trial in Manhattan

Image
Luxury brand Hermès filed a suit against digital artist Mason Rothschild after the artist released his Metabirkins NFT collection depicting the company's Birkin bag product without permission. from Cointelegraph.com News https://ift.tt/iHr4FZj via IFTTT

Philippines securities regulator seeks more authority to police the crypto industry

Image
The Filipino securities regulator is moving to enact tighter rules on crypto, crypto companies and other financial products using blockchain technology. from Cointelegraph.com News https://ift.tt/XGirnq3 via IFTTT

Bitcoin stays out of fear for 11 straight days as price tips near 24K

Image
Bitcoin's huge price surge in January has meant that 64% of Bitcoin investors are in profit, according to data from IntoTheBlock. from Cointelegraph.com News https://ift.tt/7cNy3DL via IFTTT

Panama's Supreme Court to rule on cryptocurrency legislation

Image
The high court will now decide whether to declare the 'crypto bill' unenforceable or to approve it with modifications. from Cointelegraph.com News https://ift.tt/0Y87zwa via IFTTT

LTC, AVAX, APT and FTM prepare to rally as Bitcoin price targets $24K

Image
Bitcoin bulls look to push BTC price to $24,000 and in doing so, LTC, AVAX, APT and FTM could extend their monthly gains. from Cointelegraph.com News https://ift.tt/RNKok5M via IFTTT

North Korean hackers launder $27M ETH from Harmony Bridge attack

Image
Three main addresses carried out transactions worth $27.18 million to six crypto exchanges. from Cointelegraph.com News https://ift.tt/wxer2M4 via IFTTT

Bitcoin eyes $25K as BTC price nears best weekly close in 5 months

Image
Bitcoin bulls have everything to play for as the weekly and monthly closes decide what could be Bitcoin's best January in ten years. from Cointelegraph.com News https://ift.tt/IemjhqQ via IFTTT

South Korea to deploy cryptocurrency tracking system in 2023

Image
The ‘Virtual Currency Tracking System’ will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance. from Cointelegraph.com News https://ift.tt/1mgfb3Z via IFTTT

Sam Bankman-Fried seeks to access FTX funds

Image
Sam Bankman-Fried lawyers claim he was not involved in previous unauthorized transactions, and should have access to company assets. from Cointelegraph.com News https://ift.tt/w0ESgpP via IFTTT

US gov’t $1.5T debt interest will be equal 3X Bitcoin market cap in 2023

Image
The U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices. from Cointelegraph.com News https://ift.tt/1RFLDWK via IFTTT

IRS reminds taxpayers of crypto income reporting ahead of 2022 filing

Image
The IRS’s recommendation to check “Yes” boils down to receiving, earning, transferring or selling cryptocurrencies for any monetary benefit, including mining and staking. from Cointelegraph.com News https://ift.tt/dwt2YjP via IFTTT

Bitcoin ‘so bullish’ at $23K as analyst reveals new BTC price metrics

Image
Market analyst Cole Garner suggests that Bitcoin bulls are in for a treat amid an ongoing BTC price renaissance. from Cointelegraph.com News https://ift.tt/dTz5A9e via IFTTT

CZ predicts ‘existential implications’ for anti-crypto traditional finance

Image
While the reluctance of traditional players stands as a deterrent to crypto’s adoption in the short term, CZ argues that the decision might backfire over the next two decades. from Cointelegraph.com News https://ift.tt/HYiVSxG via IFTTT

US prosecutors seek to ban SBF from Signal after alleged witness contact

Image
It’s alleged that the former FTX CEO attempted to arrange a “constructive relationship” with the current General Counsel of FTX US, Ryne Miller. from Cointelegraph.com News https://ift.tt/vnMid8Q via IFTTT

FTX lawyers to reap millions from the bankruptcy case: Report

Image
FTX’s legal team from Sullivan & Cromwell has 150 people on the bankruptcy case, with thirty partners reportedly charging more than $2,000 per hour. from Cointelegraph.com News https://ift.tt/Nr70OLF via IFTTT

State senator pushes bill to make Bitcoin legal tender in Arizona

Image
The state senator also introduced a similar bill that aims to make Bitcoin legal tender in 2022 but did not find any success. from Cointelegraph.com News https://ift.tt/5p8fwlr via IFTTT

What is an ascending triangle pattern and how to trade it?

Image
Ascending triangle patterns are one of the most popular chart indicators traders use, but it does not always mean the price will rally. from Cointelegraph.com News https://ift.tt/l0vnhTA via IFTTT

US institutions account for 85% of Bitcoin buying in 'very positive sign' — Matrixport

Image
Matrixport’s head of research and strategy suggests the industry will soon see layer 1 and other altcoins outperforming relative to Bitcoin. from Cointelegraph.com News https://ift.tt/Iweyqjx via IFTTT

US securities regulator probes Wall Street over crypto custody: Report

Image
The regulator has been probing registered investment advisors over how they've been offering crypto custody to their clients, according to sources. from Cointelegraph.com News https://ift.tt/GFLnqwz via IFTTT

Congressman Hill to 'make sure' US is the place for blockchain innovation

Image
The chair of the Financial Services Subcommittee on Digital Assets wants to make America the place for fintech and blockchain innovation. from Cointelegraph.com News https://ift.tt/UIV1rXp via IFTTT

SBF allegedly used FTX money to invest $400M in obscure VC firm

Image
SBF’s Modulo investment was likely made using misappropriated money that FTX deposits by customers, U.S. prosecutors alleged. from Cointelegraph.com News https://ift.tt/19Wcmn2 via IFTTT

Algorithmic stablecoin market share dropped by 10x from ATH: Report

Image
The stablecoin market, in general, is going through hard times, though the algorithmic coins suffered the most. from Cointelegraph.com News https://ift.tt/umK84z3 via IFTTT

NFT collector sues OpenSea for locking account after being scammed

Image
The lawyer leading the legal team highlighted that this is not an isolated case and alleged that OpenSea ignores issues in some instances. from Cointelegraph.com News https://ift.tt/G32kHX0 via IFTTT

Breaking: Coinbase fined $3.6M in the Netherlands

Image
United States-based crypto exchange Coinbase is fined 3.3 million euros ($3.6 million) by the Dutch central bank for the lack of registration. from Cointelegraph.com News https://ift.tt/EmbaJkA via IFTTT

Mango Markets sues Avraham Eisenberg for $47M in damages plus interest

Image
The lawsuit marks the fourth time the Mango Markets exploiter has been hit by charges or lawsuits relating to his attack on the DeFi protocol. from Cointelegraph.com News https://ift.tt/8IN9krO via IFTTT

Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren

Image
Senator Warren claims the Trump Administration “gave a green light” to allow for a cryptocurrency market full of junk tokens, rug pulls and ponzi schemes. from Cointelegraph.com News https://ift.tt/7BNOUM9 via IFTTT

FTX lawyers: Examiner could cost $100M and ‘provide no benefit’

Image
FTX lawyers, joint provisional liquidators of FTX.US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner. from Cointelegraph.com News https://ift.tt/twpuboz via IFTTT

Smart contracts to power day-to-day Web3 company operations

Image
The project aims to help decentralized autonomous companies by providing an operating system that integrates various tools for governance and management. from Cointelegraph.com News https://ift.tt/89y2fpi via IFTTT

Bitcoin faces 'considerable danger' from Fed in 2023 — Lyn Alden

Image
It is not all plain sailing when it comes to Bitcoin's price recovery this year, with U.S. liquidity conditions calling the shots. from Cointelegraph.com News https://ift.tt/DeifIEs via IFTTT

Bitcoin mining brings more than money to this East African country

Image
A Bitcoin mining project in a remote corner of Malawi, a landlocked country in southeastern Africa, connects more families to the grid while delivering economic empowerment to an impoverished region. from Cointelegraph.com News https://ift.tt/TtXOL5V via IFTTT

What is a crypto index fund, and how to invest in it?

Image
A crypto index fund is a type of investment fund that holds a basket of cryptocurrencies, similar to a traditional stock index fund. from Cointelegraph.com News https://ift.tt/jKutETQ via IFTTT

Genesis sues Roger Ver for $20M over unsettled crypto options trades

Image
Roger Ver, commonly known as “Bitcoin Jesus,” has 20 days to answer the summons from Genesis unit GGC International before being required to pay by default. from Cointelegraph.com News https://ift.tt/ErfXMgl via IFTTT

Six on-chain metrics suggesting Bitcoin is a 'generational buying opportunity'

Image
Six tried and tested on-chain metrics are repeating patterns last seen at the bottom of the past three bear markets. from Cointelegraph.com News https://ift.tt/0YhtEFk via IFTTT

Genesis creditors file securities lawsuit against Barry Silbert and DCG

Image
Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit. from Cointelegraph.com News https://ift.tt/rskHPGF via IFTTT

This $25K BTC price target would spell misery for Bitcoin shorters

Image
Serious BTC short liquidations are just a stone's throw away, but Bitcoin has so far failed to beat resistance. from Cointelegraph.com News https://ift.tt/6iXAt4K via IFTTT

British authorities split on banning sale of crypto investment products

Image
Policymakers in the United Kingdom are divided on whether the sale, marketing and distribution of derivatives and exchange-traded notes, tied with crypto, should be banned. from Cointelegraph.com News https://ift.tt/OgVwqZ0 via IFTTT

SEC commissioner reminds of ‘the point of crypto’ as market aims for recovery

Image
Securities and Exchange Commissioner Hester Peirce highlighted that despite a very bad year, there are lessons for the crypto industry to learn. from Cointelegraph.com News https://ift.tt/1aCh6yo via IFTTT

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

Image
The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24. from Cointelegraph.com News https://ift.tt/6NWlR81 via IFTTT