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Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports
21.1.2023
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 attributed to more of the targeted organizations refusing...
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...
JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Increase BTC Supply Cap
21.1.2023
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 all when bitcoin’s supply hits 21 million...
First Hearing in Genesis Bankruptcy Case Set For Monday
21.1.2023
Genesis' first hearing in its bankruptcy case is set for January 23
Genesis’ Crypto Trading Arm Is Moving Money Around, a Sign of Normalcy Amid Sibling’s Bankruptcy
21.1.2023
About $125 million was sent to exchanges in the run-up to Genesis’ lending division filing for Chapter 11, and more was moved the next day
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
21.1.2023
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 Sugimoto, deputy division chief of the financial...
U.S. Lays Claim to $700 Million of Assets Linked to Bankman-Fried, FTX
21.1.2023
The U.S. seized $700 million of former FTX CEO Sam Bankman-Fried’s assets and is now seeking their forfeiture
Crypto Markets Today: Bitcoin Surges Above $22K, Genesis Has Over $5B in Liabilities
20.1.2023
Bitcoin rose 6% to trade at $22,300. Ether was also trading up, by 5% to $1,640. Equities closed up
Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days
20.1.2023
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 Remains Largest Operation in Terms of Bitcoin Custody...
Binance Garnered Largest Market Share of Crypto Investors From Emerging Markets in 2022
20.1.2023
A CryptoCompare report found that as inflation surged worldwide, the crypto exchange giant attracted the largest number of retail investors from countries facing high inflation
Stellar Foundation Nicked by Genesis Bankruptcy With $13M Claim
20.1.2023
The Stellar Development Foundation was revealed to be among the bankrupt crypto lending desk’s largest creditors
Former FTX President Launches New Crypto Venture, Raises $5 Million From Leading Investors
20.1.2023
Less than a week ago, Brett Harrison, the former president of FTX US, published a 49-part Twitter thread describing his side of the story when he worked for the disgraced co-founder of FTX, Sam Bankman-Fried (SBF). On Friday, Jan. 20, 2023, Harrison revealed that his new firm, Architect, has raised...
Bitcoin Miner 1Thash Sent Almost All Its BTC to Binance
20.1.2023
On-chain data sourced from CryptoQuant shows that the 5,592 BTC worth some $124 million that was transferred out of the miner’s address in the past three days ended up in Binance
Bitcoin Soars Over $22K to Reach Four-Month High
20.1.2023
Bitcoin rose over 5% and reached its highest level since mid-September. Market watchers will be eyeing the Federal Reserve’s next utterances
Moody’s Further Downgrades Coinbase Junk Bonds, Joining S&P
20.1.2023
The ratings agency cited Coinbase’s weakened revenue and cash flow generation potential due to the ongoing crypto winter as reasons for the move
What's Next for Genesis Creditors? It Depends on What's in the Bankruptcy Filing
20.1.2023
Eric Snyder, partner at Wilk Auslander LLP, says that a substantial amount of haircuts are likely to be made, but that depends on the petition Genesis’ trio of companies filed
SEC Sues Eisenberg for Draining Mango Markets, Alleges MNGO a Security
20.1.2023
It’s the latest case to emerge from Avraham Eisenberg’s “highly profitable trading strategy.”
FTX Debtors’ List of Assets Omits Mention of Large Stash of NFTs and ENS Names Owned by Alameda
20.1.2023
This week, FTX debtors issued a press release and a 20-page document noting that bankruptcy administrators had located $5.5 billion in liquid assets. The document details that investigators discovered fiat currencies, crypto assets, and securities as part of FTX’s and Alameda...
Bad Vibes from the Word 'Crypto' Have Some Calling for a Rebrand
20.1.2023
Money-making associations with cryptocurrencies misrepresent them as just currencies and fail to acknowledge the diverse applications of the technology
Coindesk Up for Sale? Investors Circle Crypto News Publication Amidst Genesis Bankruptcy
20.1.2023
According to various reports, investors are reportedly interested in purchasing Coindesk, a cryptocurrency news publication. On Jan. 18, Wang Feng, founder of China-based news publication Marsbit, announced his intentions to purchase Coindesk along with other members of the crypto industry. This...