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Biggest Movers: SOL up 20%, ADA Hits Highest Point Since November
21.1.2023
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 November, with the global cryptocurrency market...
Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official
21.1.2023
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 “cryptocurrency does not have any underlying...
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit
20.1.2023
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations...
Report: Somalia to Fight Inflation and Counterfeiters With New Banknotes
20.1.2023
According to the deputy governor of the Somalian central bank, Ali Yasin Wardheere, the institution plans to fight inflation and currency counterfeiters with newly issued shilling banknotes. The bank reportedly said it hopes to complete the process of replacing old and high-value shilling bills...
New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over
19.1.2023
Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he...
The aftermath of LBRY: Consequences of crypto’s ongoing regulatory process
15.1.2023
What could the case of LBRY mean for future token projects in the United States?
Biggest Movers: SHIB Hits 6-Week High, Whilst SOL Extends Recent Gains
14.1.2023
Solana surged by as much as 30% on Saturday, setting a fresh multi-month high in the process. The move comes as cryptocurrency markets were significantly bullish to start the weekend, with the global market cap 8.28% higher as of writing. Shiba inu was trading at its strongest point since November....
Bitcoin, Ethereum Technical Analysis: BTC Hits 2-Month High, Climbing Above $19,000
13.1.2023
Bitcoin continued to trade higher on Jan. 13, with prices racing above the $19,000 level, hitting a two-month peak in the process. The latest surge comes as traders continued to react to Wednesday’s U.S. inflation report, which dropped to 6.5%. Ethereum also rose today, hitting a fresh...
Bitcoin, Ethereum Technical Analysis: BTC Above $18,000, ETH Hits 2-Month High
12.1.2023
Bitcoin rose to a four-week high on Thursday, as price surged above $18,000 hours before the upcoming U.S. inflation report. This comes as many expect today’s figures to show a considerable drop in consumer prices. Ethereum also moved higher, climbing above $1,400 in the process. Bitcoin...
Chinese Billionaire Jack Ma Agrees to Cede Control of Fintech Giant Ant Group
12.1.2023
Chinese billionaire Jack Ma recently agreed to give up control of Ant Group as part of changes to the fintech’s corporate structure, which will supposedly not have an impact on “the economic interests of any shareholders of Ant Group and their beneficiaries.” Once the process...
Biggest Movers: ATOM Hits 2-Month High, as XRP Extends Recent Gains
11.1.2023
Cosmos rallied to a two-month high on Thursday, as cryptocurrency prices rebounded following Wednesday’s decline. Xrp was also mostly in the green in today’s session, extending recent gains in the process. The global crypto market cap is trading 0.17% higher as of writing. Cosmos...
Three Arrows Capital creditors express frustration with bankruptcy process during call
11.1.2023
3AC co-founder Kyle Davies announceed regular meetings with creditors, noting all involved parties are welcome to attend
Bitcoin, Ethereum Technical Analysis: BTC Climbs Back Above $17K, Hitting 3-Week High
9.1.2023
Bitcoin rose to a three-week high on Jan. 9, as prices surged beyond the $17,000 mark to start the week. The move comes days ahead of the upcoming U.S. inflation figures, and as traders continue to react to Friday’s nonfarm payrolls (NFP). Ethereum was also higher, rising to a multi-week...
Biggest Movers: ETC Surges 14% to Hit 6-Week High on Saturday
7.1.2023
Ethereum classic was one of the biggest movers to start the weekend, as prices surged to a six-week high. The move saw the token climb by as much as 12%, breaking out of a key resistance level in the process. Polygon also moved higher, as it raced towards a recent price ceiling. Ethereum Classic...
US Government Seizes Robinhood Shares Linked to FTX Founder Sam Bankman-Fried
6.1.2023
The U.S. Department of Justice (DOJ) is in the process of seizing Robinhood shares, worth about $460 million, that are linked to former FTX CEO Sam Bankman-Fried (SBF). “We believe that these assets are not property of the bankruptcy estate or that they fall within the exceptions …...
Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process
5.1.2023
The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the past, including when Wikileaks was served on Twitter...
Bankrupt Crypto Exchange FTX to Start Letting Customers in Japan Withdraw Funds
1.1.2023
FTX customers in Japan will soon be able to withdraw their funds that are currently frozen due to the bankruptcy process. Two FTX-owned crypto exchanges, FTX Japan and Liquid, are developing a system to allow withdrawals by mid-February. FTX’s Japanese Customers Can Withdraw Funds Soon...
Biggest Movers: LTC Climbs to 10-Day High on Monday
26.12.2022
Litecoin raced to a ten-day high to start the week, as markets returned from the Christmas holiday weekend. The token extended recent gains to start the week, and neared a key resistance point in the process. Xrp was also higher, as it also collided with a price ceiling. Litecoin (LTC) Litecoin...
Uniswap DAO Community Members Vote in Favor of New Governance Process
21.12.2022
After a week-long vote that ended Wednesday, TKTK percent were in favor of making changes to the voting process in an effort to reduce friction associated with community governance
Core Scientific to File for Bankruptcy, Continue Mining Through Process: Report
21.12.2022
A source told CNBC that bankruptcy proceedings would not impact operations