Sam Bankman-Fried wants to see indictment before extradition to US: Report
Authorities in the Bahamas have had the former FTX CEO in custody since Dec. 12, shortly before he was denied bail.
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Why Bitcoin Could Return to $17,000 In the Short Term
The price of Bitcoin continues to grind slowly to the downside while other major digital assets follow. The market is moving in tandem with the legacy financial sector, pricing in a higher terminal rate for 2023. As of this writing, Bitcoin trades…
Binance US Plans to Acquire Voyager Digital’s Assets for $1 Billion in Bankruptcy Bid
According to a Binance blog post, Binance US has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. The announcement details that the acquisition “sets a clear path forward for Voyager customers’ funds to be unlocked as…
Grayscale Weighing Returning 20% Of GBTC Assets To Investors If ETF Dreams Fail
The Grayscale Bitcoin Trust is considering a tender offer that would aim to return investor capital if the SEC keeps blocking its conversion to a spot ETF.Grayscale CEO Michael Sonnenshein stated in a letter to investors that should the Grayscale…
Ethereum Price Balks As Dormant Whales Reactivate
Ethereum price closely followed that of bitcoin throughout the week and this saw the digital asset fall below the $1,200 level once more. Presently, the entire market looks to be consolidating but Ethereum has been put under some pressure following…
BTC price faces 20% drop in weeks if Bitcoin avoids key level — analyst
Bitcoin does not look good when it comes to sustained BTC price upside, traders warn, as GBTC reaches a fresh record discount.
Grayscale CEO highlights 20% GBTC share buyback option if ETF conversion fails
The proposed offer would require both SEC relief and shareholders' approval.
Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets
The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets…
Tron Snags 2nd Place In TVL – What Does This Mean For TRX Price?
The native currency of the Tron network, TRX, is one of the few cryptocurrencies in the current altcoin market to experience a price hike. As of this writing, TRX has gained 0.2% on a daily basis, with a 6.1% increase seen on a monthly timeframe. A…
Grayscale Says It May Return 20% Of Investor Capital, Bitcoin Refuses To Budge
Besides the macroeconomic headwinds, when it comes to crypto, there are two main concerns at the moment: Binance and DCG. The situation surrounding Genesis Trading, Digital Currency Group (DCG) and Grayscale, which is still unresolved after a…
Binance.US To Acquire Bankrupt Voyager Digital’s Assets
The American Binance entity has submitted a winning bid for the bankrupt cryptocurrency firm’s assets.According to a press release, Voyager Digital Ltd. announced that Binance.US, an American licensed entity independent of Binance international…
What is the relationship between blockchain and Web3?
Amidst the Web3 revolution, the importance of blockchain in Web3 lies in offering a universal state layer to build the decentralized Web.
Axelar launches $60M startup ecosystem program
The program aims to accelerate the development of decentralized applications and protocols to replace centralized exchanges.
Can Ethereum Prevent More Losses As Altcoin King ETH Slips 7% In Last 7 Days?
Further pain was inflicted on the markets as major cryptocurrencies Bitcoin and Ethereum slipped on macroeconomic pressures and other factors. As of time of writing, the top altcoin Ether has lost nearly 7% in the weekly timeframe. This is…
Crypto investment firm CoinShares debuts trading on Nasdaq Stockholm
CoinShares’ stock was previously listed on the Nasdaq First North Growth Market, an alternative stock exchange for small and medium-sized companies.
Binance.US set to acquire Voyager Digital assets for $1B
Previously, FTX US was the largest bidder for the firm's assets, with an offer of $1.4 billion.
Litecoin Continues To Slide, Now Below Shiba Inu In Market Cap
Litecoin has been having a hard time recently, and it would appear that its struggles haven’t stopped yet as the coin has now dropped below Shiba Inu in terms of market cap. Litecoin Has Taken A 15% Beating During The Past Week While the last…
Eva Kaili arrest a ‘setback’ for EU crypto regulations, economist says
European Parliamentarian Eva Kaili’s arrest under allegations of corruption is being labeled as a blow to crypto and blockchain adoption.
The Dangers Of Paper Bitcoin
The potential of losing your funds isn’t the only reason to secure your own bitcoin. It also ensures the price cannot be manipulated.Are you keeping bitcoin on an exchange? Let me tell you a story about what happens when you, and others, leave your…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate as Markets Prepare for Christmas Break
Bitcoin continued to consolidate to start the week, as market volatility remained in place ahead of the Christmas holidays. The world’s largest cryptocurrency remained below $17,000 on Monday, as price attempted to break out of a key…
Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025
Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several…
How will ChatGPT affect the Web3 space? Industry answers
From smart contract auditing to enhancing user interactions, executives point out how ChatGPT can potentially affect Web3.
Binance Controversy Continues As Experts Warn Of Serious Fallouts Due To FUD
Binance rumors were the all-dominant topic last week after the FOMC meeting. Rumors of insufficient proof of reserves and the pullback from accounting firm Mazars, allegations of a bank run and insolvency, as well as CZ’s interview on CNBC…
What is crypto market capitulation and its significance
Cryptocurrency market capitulation revolves around investors' fears of further losses in a seemingly never-ending downward spiral, but it's also the period of maximum opportunity.
Web3 Privacy Layer Aztec Raises $100 Million in Series B Funding Round to Produce an Encrypted Version of Ethereum
Aztec, a Web3 privacy layer, has raised $100 million in a Series B funding round led by the Andreessen Horowitz subsidiary a16z crypto. The organization, which already offers privacy-based services for a slew of Ethereum-based apps, will now focus…
'Wave lower' for all markets? 5 things to know in Bitcoin this week
BTC price hovers in a tight range, but Bitcoin analysts are predicting a grim end to the year for risk asset holders.
Ethereum bulls wake up after four years to transfer 22,982 ETH
The ETH tokens in question originated from trading platforms Genesis and Poloniex and were found transferring 13,103.99 ETH and 9,878 ETH, respectively.
Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say
Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use…
Nifty News: Building bridges in the Metaverse, elaborate Apes scam and more
A South Korean province is using the Metaverse for closer economic ties with Vietnam and an elaborate phishing scam netted 14 Bored Apes.