Tether assets exceed liabilities in new reserves report by BDO
As of Dec. 31, 2022, Tether’s consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million.
External news feeds 1647/1822
Is Money Beginning To Flow Back Into DeFi?
Ultrasound Money data reveals that there has been a surge in activity in decentralized finance (DeFi) protocols, with Uniswap leading the line. In the past week, Uniswap-related activities led the ETH “burn” leaderboard on Ultrasound Money…
Arthur Hayes bets on Bitcoin, altcoin surge in H1 2023 as he buys BTC
The ex-BitMEX CEO announces a BTC deployment “over the coming days” amid hopes that the good times will last for crypto until the middle of the year.
Russian government subsidizes crypto mining facility in Siberia
The facility, which opens this year, will possess 30,000 crypto mining machines, hire 100 workers and consume 100 megawatts from the power grid.
Argo CEO follows resignation trend after company acquisition by Galaxy Digital
The CEO of the cryptocurrency miner Argo Blockchain is the second executive to step down from the company after its acquisition by Galaxy Digital.
Bitzlato Co-Founder Anton Shkurenko Arrested in Russia, Report
Russian authorities have reportedly arrested the second co-founder of seized cryptocurrency exchange Bitzlato. The man, who recently promised to restore the platform’s operations from Russia, was detained at the request of Interpol and may…
This Mysterious Fund Could Be Behind The 40% Surge in Ethereum Prices
Based on on-chain data, one mysterious crypto fund could be directly behind the recent Bitcoin, Ethereum, and digital asset rally. Mysterious Fund Might Be Behind The Recent ETH Crypto Rally According to Lookonchain data streams, an unknown fund…
Shibarium Hype Hits Its Peak As 1.3 Million Wallets Hold SHIB
Anticipation for the launch of Shibarium has officially reached its peak with CoinMarketCap noting 1.3 million wallets holding SHIB. The token has seen a gradual increase since the start of the month, with Shiba Inu ushering February with 1.2…
How Inscriptions Impact Bitcoin Block Space
The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…
What is decentralized storage, and how does it work?
Explore the concept of decentralized storage in this informative guide. Learn about the functioning and advantages of a decentralized storage network.
Nigerian President Barred From Extending Old Naira Banknote Demonetization Deadline
With just a few days left before the old naira banknotes are demonetized on Feb. 10 as scheduled, a court in Nigeria has blocked the country’s president, Muhammadu Buhari, and the central bank governor, Godwin Emefiele, from further extending…
Crypto lender SALT makes comeback with $64.4 million funding
The crypto lender froze withdrawals in mid November. It will resume operations in Q1 2023 buoyed by a Series A recapitalization.
XRP Price Prediction: Risk of Bearish Break Below $0.38
Ripple is struggling to stay above the $0.42 resistance zone against the US Dollar. XRP price could decline heavily if there is a close below $0.38. Ripple is currently moving lower from the $0.42 resistance zone against the US dollar. The price is…
US banking giant BNY Mellon says digital assets are 'here to stay'
Despite most of the cryptocurrency market being down 60% from all time highs, Demissie said the digital asset industry is “here to stay.”
Getting rid of crypto staking would be a 'terrible path' for the US — Coinbase CEO
Banning retail crypto staking in the US would result in even more businesses moving offshore, argues the Coinbase co-founder.
Ethereum Price Close Below $1,600 Could Spark Larger Degree Correction
Ethereum price failed again to clear the $1,700 resistance against the US Dollar. ETH is retesting the $1,600 support, below which it could accelerate lower. Ethereum started another decline from the $1,700 resistance zone. The price is now trading…
Hut 8 merger would've happened even without FTX or crypto turmoil, says CEO
Falling crypto prices have forced many crypto miners to cut costs or consolidate in order to survive the crypto winter.
Indian Crypto Exchange Wazirx Calls Binance’s Allegations ‘False and Unsubstantiated’ — Seeks Recourse
Payments provider Affirm to sunset crypto program after 19% staff cut
Users will not be able to buy Bitcoin after Mar. 2, and the “Affirm Crypto Program” will officially shut down on Mar. 31.
Bitcoin Price Takes Hit as Indicators Signal Fresh Bearish Wave
Bitcoin price failed again and declined below $23,000. BTC is moving lower and might decline further below the $22,500 support. Bitcoin is moving lower from the $23,500 resistance zone. The price is trading below $23,000 and the 100 hourly simple…
Shark Tank Star Kevin O’Leary Says Most Crypto Tokens Are Worthless — ‘They’ll Eventually Just Go to Zero’
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says that most crypto tokens are worthless and they will eventually drop to zero in value. He added that he now owns seven cryptocurrencies and he is getting the same volatility he did when he…
Crypto exchange Kraken faces probe over possible securities violations: Report
The probe is reportedly looking at certain offerings that Kraken has made to its US customers that could be in breach of securities laws.
Proposed Israeli law to classify crypto as securities will 'kill the industry'
A proposed definition change by an Israeli regulator would cause immense harm to the local crypto industry, according to the CEO of Altshuler Shaham Horizon.
As Bitcoin nears $25K, questions about rally’s sustainability remain
Analysts seem to be divided as to whether a bull run is now in session despite many key indicators suggesting the same.
Robinhood board gives nod to buy Sam Bankman-Fried's $578M stake
The shares were bought by FTX founder Sam Bankman-Fried and co-founder Gary Wang last year and have been tussled over since the collapse of FTX.
Commodity Strategist Mike McGlone Says Cryptocurrencies May Be Facing Their First Real Recession
Chiliz Chain 2.0 Goes Live, Sending CHZ Up 7.06%
Today, the Chiliz blockchain and its CHZ cryptocurrency, created for the entertainment and sports industry, announced the launch of its new Chiliz Chain 2.0 Mainnet. Alexandre Dreyfus, Chiliz CEO, announced the launch via Twitter. The new Ethereum…
MATIC Spikes As Ethereum Whales Show Interest, Buying Over 2 Million Tokens
While Ethereum has been an attractive asset to whales given its potential, altcoins such as Polygon (MATIC) have joined in on the whales’ favorite tokens list. Earlier today, Whalestats, an account that monitors whales’ transactions and discloses…
Deutsche Bank's DWS eyes 2 German crypto firms for investment: Report
Companies negotiating with DWS Group include Deutsche Digital Assets, a crypto exchange-traded products provider, and market maker Tradias.
Is The Crypto Industry Ready For Tax Regulation? Survey Shows
For federal tax purposes, crypto assets are treated as property, which could be counterproductive for investors in the United States. Although digital assets are a relatively new type of investment, the Internal Revenue Service (IRS) in this…