Voyager victim calls for trustee to seize control of the estate
The 120-page motion came from a creditor who asked for the appointment of a chapter 11 trustee citing alleged fraud and incompetence at Voyager.
External news feeds 1661/1822
Indian Government Introduces New Crypto Tax Penalties
The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her…
BNB Price is Surging as The Gates To $400 Are Now Open
BNB price (Binance coin) found support near $300 against the US Dollar. BNB rallied above $320 and might aim more upsides towards the $400 level. Binance coin price started a steady increase from the $300 support against the US Dollar. The price is…
Bitcoin Ordinals creator looks for fix after first instance of shock porn
A rather unsavory image made it to the front page of the Ordinals website for 30 minutes before it was hidden, however, the image itself is immutable.
Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s
SEC and CFTC taking action against the alleged fraudster show that DeFi is becoming a “safer and more welcoming environment,” according to credit rating firm Moody’s.
Ethereum Price Hits $1,700 and ETH Is Poised For More Upsides
Ethereum is up over 5% and trading above $1,650 against the US Dollar. ETH could rise further if it clears the $1,700 resistance zone. Ethereum gained pace and rallied above the $1,660 resistance zone. The price is now trading above $1,650 and the…
Bithumb owner arrested in South Korea over alleged embezzlement
The net is closing in on Bithumb executives as the suspected real owner of the exchange is arrested.
72% of institutional traders are crypto-skeptical this year: JPMorgan
The seventh edition of JPMorgan's e-Trading Edit asked 835 institutional traders about their plans for trading digital assets in 2023, among other topics.
Bitcoin Price Rally Post Fed Rate Hike Could Gather Momentum, Here’s Why
Bitcoin price is rising and gaining pace above the $23,500 resistance. BTC climbed to a new yearly high after the fed increased rates by 25bps. Bitcoin is up over 3% and there was a clear move above the $23,800 resistance. The price is trading…
NFT Sales Soar: January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase
Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital…
Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback
During a Q4 earnings call on Feb. 1, Mark Zuckerberg said he saw no reason to deviate from their long-term Metaverse strategy.
London Crowned World’s Leading Cryptocurrency Hub, According to Study
According to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the…
Nostr Will Only Scale If It Can Incentivize Users To Run Relays
Nostr, a growing hub for the Bitcoin community, faces some incentives challenges if it’s going to reach significant scale.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast…
Crypto market cap jumps $40B as Fed chair Powell hints at 'disinflation'
While the rate increase was expected by the markets and Powell indicating more increases will come, the market seems to have reacted positively to the latest FOMC speech.
BonqDAO protocol suffers $120M loss after oracle hack
An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token, leading to an estimated $120 million loss, according to Peckshield.
MATIC May Take The Crypto Market By Surprise, Here’s Why
MATIC made a 180-degree turn at the beginning of the year, following Bitcoin’s lead. The token, used to govern and secure the Polygon Network, had consolidated since mid-July, with some erratic price action recorded in November. At the time…
Ethereum's Shanghai fork is coming — but it doesn't mean investors should dump ETH
Ethereum’s Shanghai upgrade is tentatively set for March, which means approximately 14% of ETH supply will unlock in the year ahead.
Are Nigerians Really Buying Bitcoin For As High As $34,000?
Over the last couple of weeks, reports have emerged that crypto users in Nigeria have been buying bitcoin (BTC) for a pretty hefty premium. On the surface, it may seem that these reports are accurate, but they are essentially wrong, and this report…
Tokenization and the Future of Crypto
Pedro Palandrani of Global X discusses where KKR, Starbucks and others are going with the tokenization movement.
Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory…
Judge dismisses proposed class-action suit alleging Coinbase securities sales
The decision did not address the question of whether the 79 tokens in questions were securities, but dismissed claims based on the Securities and Exchange Acts.
New FTX documentary to spotlight SBF-CZ relationship
The documentary will examine the dynamic relationship between Sam Bankman-Fried and Binance founder Changpeng Zhao.
Bitcoin bulls plan to flip $23K to support by aiming to win this week’s $1B options expiry
BTC bulls are positioned to win this week’s $1 billion options expiry, but the market's post-FOMC reaction could alter their plans.
FED To Put Off Interest Rate Hikes, Bitcoin Rallies: Here’s Why
Bitcoin is shaking off sellers of January 30, price action on late February 1 shows. The FED Raises Interest Rates The spark in BTC demand is because of Federal Reserve (FED) Chair Jerome Powell’s comments on the general economy and the central…
Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell
The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-point increase. The FOMC statement further detailed…
US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group
The government department said it would impose “full blocking sanctions” on Jonatan Zimenkov and his crypto addresses due to his connections with a sanctions evasion network.
What is Solend and how does it work
Solend is a DeFi lending and borrowing protocol on Solana, noted for its high scalability and composability.
Retail giant Pick n Pay to accept Bitcoin in 1,628 stores across South Africa
Grocery retailer Pick n Pay is expanding its Bitcoin coverage to all stores in the country following a three-month pilot testing phase.
LevelField Financial To Become First FDIC-Insured Bank to Offer Traditional Banking And Bitcoin Services
LevelField Financial is set to acquire Burling Bank in a move that would enable access to bitcoin for traditional banking customers.Once the acquisition is approved by regulatory authorities, LevelField Financial will be able to expand its services…