Bitcoin price surge: Breakthrough or bull trap? Pundits weigh in
Bitcoin nearly broke its record for the longest streak of daily green price candles this month, but many believe its recent surge could be short-lived.
Posts published on January 22, 2023 go to media archive
Aussie execs refute ‘argument’ to treat crypto as financial products
The Australian Minister for Financial Services said there was a “good argument” to treat crypto as financial products in an interview on Jan. 22.
Ethereum Price Consolidates Below $1,650 As The Bulls Aim Another Rally
Ethereum climbed further higher above $1,620 against the US Dollar. ETH is consolidating gains and might aim another rally towards the $1,720 level. Ethereum is correcting gains from the $1,655 and $1,665 resistance levels. The price is now trading…
Philippine Authorities Rescue Alleged Victims of ‘Crypto Trafficking Ring’
Former SEC chief blasts ‘bogus’ catchphrase: ‘Regulation by enforcement’
Lawyer and former SEC official John Reed Stark came out in defense of the SEC’s enforcement efforts in the crypto space.
Bitcoin Bulls Keeps Pushing, Why BTC Price Increase Isn’t Over Yet
Bitcoin price gained pace and traded above $23,000. BTC is consolidating gains and might start another increase towards $23,500. Bitcoin traded to a new yearly high at $23,428 before it started a downside correction. The price is trading above…
Vitalik Buterin divulges the ‘largest remaining challenge’ for Ethereum
While the concept of stealth addresses appears complex in theory, Buterin previously described it as a “low-tech approach” compared to other Ethereum privacy solutions.
Davos-launched blockchain project aims to be the ‘SWIFT’ of stablecoins and CBDCs
A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm involved in building China’s national blockchain project.
FBI Seizes Bitcoin From Overseas Scammers Who Posed as US Law Enforcement Officials
The Federal Bureau of Investigation (FBI) says it has seized bitcoin worth millions of dollars from overseas scammers targeting the elderly. The scammers posed as members of U.S. law enforcement agencies and tricked the victims into transferring…
US Authorities Charge Mango Markets Attacker — Defendant Arrested, Detained in Puerto Rico
The U.S. Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and the Department of Justice (DOJ) have charged an alleged attacker who stole $116 million from crypto trading platform Mango Markets. The…
Bitcoin derivatives data shows room for BTC price to move higher this week
BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the potential of a brief pause in the crypto market rally.
Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020
After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the…
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Binance Announces New Transaction Limit By Fiat Partner – What Could This Mean For BNB?
According to a report by Bloomberg, crypto exchange Binance has announced that one of its fiat trading partners, Signature Bank, will no longer be processing transactions of less than $100,000 as the bank attempts to reduce its exposure to the…
Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher
Bitcoin could take a break from its sharp rally and if its price bounces off underlying support, APE, MANA, AAVE and FIL could break out.
Binance Banking Partner to Ban Crypto Trading Transfers Under $100K
Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the…
Genesis bankruptcy case scheduled for first hearing
The first hearing in Genesis Capital’s bankruptcy case will be held on January 23, according to court filings.
This Bitcoin On-Chain Reading Confirms The Rally Is Getting Started
After 216 days, the Bitcoin Market Value to Realized Value (MVRV) ratio finally broke above 1, making this accumulation the second longest after it took BTC prices 300 days to bottom up after the bear run of 2014-2015. It also signals the…
NFT Market Sales Climb 16% Higher; 43.48% Increase in Buyers in Third Week of 2023
Closing out the third week of January 2023, non-fungible token (NFT) assets saw a 16.39% increase in overall sales. 320,580 buyers participated in the NFT market action this past week, an increase of 43.48% compared to the week prior. $256.69…
Terra lending protocol Mars to launch mainnet
The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during the two snapshots on Terra Classic.
Examining the Holdings of 5 Centralized Crypto Exchanges: A Look at Binance, Okx, Crypto.com, Bitfinex, and Huobi
After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset…
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Debt Deflation Warnings, Shibarium Buzz Sees SHIB Rise, Former FTX US President Talks SBF, and More — Week in Review
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Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges
The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a…
THETA Breaches $1 Level Courtesy Of Solid On-Chain Developments
Streaming services have become a big part of the modern society. Theta Network is building that kind of tech for the Web 3 space. The network’s native token THETA has been going bullish in the past few weeks as a result of on-chain developments and…
Kenyan Fintech Kwara Raises $3 Million in Seed Extension
A Kenyan fintech that digitizes credit unions, Kwara, is reported to have raised $3 million via a seed extension round that was backed by DOB Equity, Globivest, and Willard Ahdritz. The latest round brings to $7 million the amount of capital that…
Shiba Inu Shows Aggressiveness With 20% Jump In The Weekly Charts
The altcoin market has been following the major cryptocurrencies in their recent rally. Shiba Inu (SHIB) is one of those tokens that maintained a solid performance in the last week. According to CoinGecko, SHIB is up 19.5% in the weekly timeframe…
Central African Republic eyes legal framework for crypto adoption
A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in Central African Republic and expedite the development of the national economy.
Darknet Market Solaris Hacked by Competitor, Elliptic Reveals
A leading marketplace on the dark web, Solaris, has been hit by a rival, according to crypto analytics company Elliptic. The Russia-linked platform, which tried to occupy space vacated by the busted Hydra, is believed to have conquered up to a…