Aptos (APT) Gains 55% In 24 Hours, Maintaining Its Bullish Form For The Year
The crypto market has been remarkably bullish since the turn of the new year. In the last three weeks, several assets have experienced price rallies, like Bitcoin, which gained over 37% to trade above $21,000 for the first time in two months. While…
All Eyes on the Next Fed Meeting: Market Trajectories Hinge on Decision
Equities, precious metals, and cryptocurrencies have been on a tear during the last three weeks of 2023, and all eyes are now focused on the next Federal Open Market Committee (FOMC) meeting, which is 11 days away. On Friday, Federal Reserve…
Objections Raised Over Appointment of Sullivan & Cromwell as Debtors’ Counsel for FTX
On Friday, bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell (S&C) to be appointed as the debtors’ counsel for FTX, despite an objection from Daniel Friedberg, a former FTX US compliance officer. During a Zoom…
Bitcoin’s Crypto Market Action Holds the Upper Hand as Dominance Level Surpasses 40%
On Jan. 21, 2023, the price of bitcoin reached a 24-hour high of $23,333 per unit at 5 a.m. Eastern Time on Saturday. The entire crypto-economy is now valued at $1.05 trillion after rising 7.2% against the U.S. dollar. Bitcoin’s price rise…
US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried
Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank…
Bitcoin Hits $23,000 As Crypto Market Cap Revisits $1 Trillion Mark
Bitcoin, the king of cryptocurrencies, has been crossing multiple crucial resistances since the start of the year. According to CoinGecko, the coin is now up 14% in the weekly timeframe, and trading at $23,008, making BTC break through the $22,000…
Biggest Movers: SOL up 20%, ADA Hits Highest Point Since November
Solana rose by as much as 20% Saturday, as crypto markets came alive to start the weekend. The token hit a 12-week high in today’s session, breaking out of a key price ceiling in the process. Cardano also rose to its strongest point since…
Going cashless: Norway's digital currency project raises privacy questions
At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu.
Bitcoin, Ethereum Technical Analysis: BTC Moves to 5-Month High, as ETH Nears $1,700
Bitcoin surged to a five-month high to start the weekend, as bullish sentiment returned to cryptocurrency markets. Prices of the world’s largest digital currency rose above $23,000, rebounding from a recent drop towards $20,000. Ethereum…
Switzerland Less Affected by Crypto Industry Crisis, Study Finds
While the global industry built around digital assets is losing funds and jobs are dropping off, Switzerland seems to be weathering the storm relatively well, one piece of research claims. In fact, more crypto companies settled in the country…
UAE Says No Virtual Asset Service Provider Has Been Granted an Operating Permit
The United Arab Emirates virtual assets regulator has said no crypto entity has been granted the full market product (FMP) license. According to the country’s minister of state for artificial intelligence and the digital economy, Omar Sultan…
FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner
The lack of recordkeeping of FTX coupled with “an auditor no one’s ever heard of” forces the CFTC to ask questions about the mindset of the institutional investors.
Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready
A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the…
Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports
While the number of ransomware hits may not have decreased significantly, the revenue from such attacks has fallen sharply last year, according to Chainalysis. The blockchain forensics firm believes that to a large extent the trend can be…
SBF to forfeit $700M worth of assets if found guilty of fraud
While most of SBF’s assets have been seized, Federal prosecutor Damian Williams outlined that the government is also looking to take control of three of his affiliated Binance accounts.
What is SingularityNET And Why Is Its AGIX Token Exploding By 116%?
The popularity of artificial intelligence applications has been growing as popular platforms like SingularityNET and ChatGPT become mainstream. With Microsoft investing $10 billion on ChatGPT, we should expect AI applications to become more…
Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official
An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has stressed that…
Crypto to play 'major role' in UAE trade: foreign trade Minister
UAE’s minister of state for foreign trade Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth.
JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Increase BTC Supply Cap
JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The executive questioned the cryptocurrency’s supply cap, expecting a picture of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and laugh at us…
Polkadot Could Present Buying Opportunity As Bullish Outlook Continues
The Polkadot price has breached the $5 resistance mark in the past trading sessions. Over the last 24 hours, DOT has appreciated by 3.8%. The price of Bitcoin has been surging, which has caused other altcoins to also move upward on their respective…
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu…
Nexo Pays $45M In Penalties And Settles With US Authorities
The US Securities and Exchange Commission (SEC) has levied a $45 million fine on Nexo Capital Inc. The SEC explains the reason for the fine in a tweet, Today we charged Nexo Capital Inc. with failing to register the offer and sale of its retail…
Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days
Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022. WBTC…
Bitcoin Short Squeeze May Reach $30,000, Top Crypto Trader Predicts
As Bitcoin breaks out of the $21k level, many crypto analysts have begun projecting further rallies for the asset. One of the famous crypto strategists, Crypto Kaleo, recently gave a high price prediction for the world’s largest cryptocurrency…
Stellar joins CFTC’s Global Markets Advisory Committee as one of four crypto orgs
Stellar chief operating officer Jason Chlipala said the foundation would bring the unique perspective of Layer 1 to the committee and highlight stablecoin use cases.
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