The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as buyers started to play catch up. The improving macroeconomic conditions, such as reduced inflation and
Month: January 2023
According to a Jan. 31 post by Ethereum Foundation developer Parithosh Jayanthi, the “Zhejiang” public withdrawal testnet will launch on Feb. 1 at 3:00 pm UTC. Six days after Zhejiang, the Shanghai and Capella testnets will also be triggered at epoch 1350. Jayanthi noted: “This is also a great opportunity for all tools to test
Several United States senators have reportedly penned a letter requesting answers from Silvergate Capital — the parent company of Silvergate Bank — related to the collapse of cryptocurrency exchange FTX. According to a Jan. 31 Bloomberg report, U.S. senators including Elizabeth Warren, Roger Marshall and John Kennedy said Silvergate had not fully answered questions in
Despite a challenging year for crypto, 82% of millionaire clients had looked into investing in digital assets such as Bitcoin (BTC) in 2022, according to a recent poll conducted by financial advisory firm deVere Group. The poll results, released on Jan. 30, found that eight out of every 10 of the firm’s high net-worth (HNW) clients
On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC. Legal Battle Erupts Over Crypto Asset
We can’t blame Elon Musk for dreaming of moving to Mars — the human race has always been curious about finding a better life somewhere else. But not everyone in crypto is looking up to the stars to find new worlds; others stay on earth and attempt to build a new micronation, or a crypto
Bitcoin (BTC) swapped bullish gains for chop into Jan. 31 as the end of the month saw nervous price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $46 million of longs liquidated Data from Cointelegraph Markets Pro and TradingView tracked a less confident BTC/USD as it briefly wicked to just above $22,500 on Bitstamp overnight.
Blockchain-powered fantasy sports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform. Sorare has driven an interesting use case for Ethereum-based fantasy sports and digital card trading in recent years, offering fans the ability to mint, collect and trade various player cards with other
The United States Securities and Exchange Commission (SEC) admitted on record that the sale of LBRY tokens in the secondary market doesn’t constitute a security. The settlement came during an appeal hearing in the LBRY vs. SEC case on Jan. 30. LBRY Hearing: The Stakes for ALL Crypto https://t.co/YPbrBkw0Od — CryptoLaw (@CryptoLawUS) January 30, 2023
Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin (BTC) mine in an effort to protect its forests and wildlife. Cointelegraph spoke with Sébastien Gouspillou, CEO of Big Block Green Services, and the man who introduced Bitcoin mining to the park.
United States prosecutors in the criminal case against former FTX CEO Sam Bankman-Fried have released text and email messages from SBF to current CEO John Ray. In court documents released on Jan. 30, the Justice Department responded to a motion from Bankman-Fried’s legal team attempting to remove some of the proposed modifications for his bail
Traders tend to lighten up positions before important events because they hate uncertainty. The United States Federal Reserve’s policy decision is on Feb. 1, where the central bank is expected to hike rates by 25 basis points. Market observers will keenly watch for any hints about how high the rates could go. That could be
Bitcoin (BTC) mining stocks usually follow BTC’s price because it directly influences company earnings. These stocks were beaten down heavily in the last quarter of 2022, especially in December. The downturn after FTX’s collapse worsened with the bankruptcy filing of the largest U.S.-based Bitcoin mining company, Core Scientific. During this time, other mining stocks, like Marathon
In a piece of news that went undetected within the crypto community for a few days, the Southeastern European country of Montenegro has announced a partnership with Ripple. The country’s prime minister, Dr. Dritan Abazović tweeted about the pilot project with Ripple already on January 18, 2023. Via the social media platform, the Montenegrin Prime
Seven months ago, current Twitter owner Elon Musk said, prior to acquiring the social media giant, he would integrate cryptocurrency payments. According to sources, a team is working on the infrastructure for a payment platform, and Twitter is proceeding with regulatory approvals and registrations. Elon Musk’s Plan for Twitter Payment System Advances, Adding Cryptocurrency Later
Bitcoin (BTC) struggled to maintain bullish momentum on Jan. 30 as the countdown to the monthly close kept the market nervous. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sees flash dip below $23,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD coming off its latest highs at just below $24,000 on the
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