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Crypto Markets Today: Bitcoin Holds Strength Above $21K, Congress' FTX Problem
17.1.2023
ALSO: Crypto bank Silvergate reports a fourth-quarter loss of $1 billion. Equities closed mixed after big banks’ 4Q earnings reports
FTX's Failure Highlights Need for Federally Mandated Insurance, Not More Regulation
17.1.2023
There is extensive precedent for requiring companies providing critical infrastructure to get special insurance. Why not require crypto companies to back themselves with a market-based solution, say the founders of Evertas, a crypto insurance provider?
Latin American Web3 Infrastructure Provider Parfin Raises $15M
17.1.2023
The funding round was led by crypto investment firm Framework Venture and included L4 Venture Builder, a corporate venture capital fund backed by the Brazilian stock exchange B3
FTX Debtors Give Details on Digital Assets Identified So Far
17.1.2023
The group has identified $1.6 billion of digital assets associated with FTX.com and $181 million connected to FTX US
Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Million in 30 Days
17.1.2023
Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. dollar. The market capitalization of the smart contract platform token economy has swelled by $78 million over the last 30 days, increasing from $243 billion to...
Can Barry Silbert Delay the Inevitable?
17.1.2023
Ukraine Deputy Prime Minister: I'll Take Salary in CBDC
17.1.2023
Mikhail Fedorov says he wants to make his war-torn country the leading jurisdiction in the world for virtual currency after a successful fundraising campaign
CBDCs Are the Future of Money, IBM Exec Says
17.1.2023
Live from the World Economic Forum in Davos, Switzerland, IBM executive partner Shyam Nagarajan discusses why a hybrid model could drive widespread adoption of central bank digital currencies
Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months
17.1.2023
Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a...
Crypto Marketing Needs to Change. Let’s Make 2023 the Year for Influencer Accountability
17.1.2023
FTX was just like the ill-fated Fyre Festival: a hollow project fueled by mendacious influencer marketing, says Oxygen's Nemo Yang
Biggest Movers: XMR, DOT Move Higher, Rebounding From Recent Declines
17.1.2023
Monero rebounded from recent losses on Tuesday, as the token attempted to recapture recent highs. The move comes as U.S. markets reopened following a public holiday on Monday. Polkadot also moved higher in today’s session, snapping a two-day losing streak. Monero (XMR) Monero (XMR) rebounded...
Crypto Developers Grew in Numbers Amid Bear Market, VC Firm Electric Capital Says
17.1.2023
Developers are mainly focusing on alternative ecosystems to Bitcoin and Ethereum, helping them grow faster, the VC firm said in a report
Polygon Completes Hard Fork to Reduce Gas Fee Spikes, Disruptive Reorgs
17.1.2023
The software upgrade to the Ethereum scaling project went live on Tuesday and included two proposals from December that Polygon validator teams voted to approve
Terra Classic Luna Price Slips Back 3% to $0.000176 - Can LUNC Really Reach $1 in 2023?
17.1.2023
Terra Classic price is building momentum to correct a 3% dip recorded in 24 hours. Before the pullback to 0.0001720, LUNC traded new 2023 highs of $0.0001936. With support at $0.0001720 staying intact, Terra Classic price might push for the resumption of the uptrend during the American...
South Korea Launches Metaverse Replica of Seoul
17.1.2023
As part of a three-year effort to expand its public services, Metaverse Seoul will allow users to take their avatars to tax offices, access youth counseling and read e-books
Solana Foundation, Ripple, GBBC and Others Form Partnership to Promote Crypto Solutions for Climate Change
17.1.2023
The crypto-climate coalition is trying to come up with interoperability principles and business cases
Ethereum Startup Obol Labs Raises $12.5M to Decentralize Validators
17.1.2023
Co-led by Pantera and Archetype, the funding round is targeted towards building out decentralized validator technology (DVT) on Ethereum
Congress' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange's Bosses
17.1.2023
More than one in three of the 535 senators and representatives in the U.S. Congress showed up to the new session with FTX baggage, having received campaign support from former CEO Sam Bankman-Fried or one of the senior executives of the fraud-ridden crypto giant
Crypto Lender Nexo Sues Cayman Island's Regulator for VASP Registration
17.1.2023
Nexo has sued the Cayman Islands Monetary Authority to overturn its rejection of Nexo's application to register as a virtual asset services provider
2023’s Crypto Gainers: Decentraland’s MANA Token Outperforms Bitcoin With 88% Increase in One Week
17.1.2023
The cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the top ten cryptocurrencies, like bitcoin...