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Prices in Dollars Rose Almost 54% in Venezuela During 2022
10.1.2023
Prices in Venezuela have been rising steadily even when denominated in foreign currency. According to data collected by Ecoanalitica, a market research firm, prices marked in dollars have grown close to 54% during 2022, affecting the income and savings of Venezuelans that have been using the U.S....
Hong Kong’s Finance Regulator Calls for 'a More Solid Footing' for Crypto
10.1.2023
After crypto firms have left the city, the regulator says it’s now moving with the market and industry
Virtual Worlds, Real-Life Use Cases: How Web2 and Web3 Tackled the Metaverse at CES 2023
10.1.2023
In the four-day tech trade show, companies from across sectors flocked to Las Vegas to showcase their latest innovations. Several brands introduced metaverse technology, hinting at trends to watch out for in the coming year
Hong Kong Reaffirms Commitment to Become Regional Crypto Hub
10.1.2023
Hong Kong has reaffirmed its commitment to become a regional crypto hub in following the collapse of cryptocurrency exchange FTX. “As certain crypto exchanges collapsed one after another, Hong Kong became a quality standing point for digital asset corporates,” said a top government...
First Mover Asia: Altcoin Short Squeeze Brings Green Shoots to Dormant Crypto
10.1.2023
A squeeze on bearish altcoin traders has brought fresh energy into crypto markets, absent for months as the FTX exchange imploded in scandal. PLUS: Alex Thorn talks on crypto VC in 2023
Hong Kong Firm With Ties to Bitmain Reorganizes to Focus on Crypto Asset Management and Hedging
10.1.2023
Newly-named Metalpha has its work cut out for it, hedging an uncertain market for institutional clients
Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence
10.1.2023
According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strengthen its position” as a domestic cryptocurrency exchange and change its name. Huobi...
Crypto Markets Today: Big Options Trade in Ether Market Would Profit from 69% Price Slide
9.1.2023
ALSO: Bitcoin and ether traded up. Solana saw double-digit gains amid strong transactional activity
Beaten-Down FTT, Serum Tokens Lead Altcoin Rally, Triggering Short Squeeze
9.1.2023
Traders liquidated some $245 million worth of short positions, according to Coinglass
Smart Contract Platform Tokens See Double-Digit Gains, Boosting Defi TVL Above $40 Billion
9.1.2023
Decentralized finance (defi) and smart contract platform tokens rallied on Monday morning (ET) and the total value locked in defi jumped above the $40 billion zone for the first time since mid-December 2022. The top smart contract platform coins by market capitalization increased 7.1% on January...
CFTC Alleges Market Manipulation Against Mango Markets Exploiter
9.1.2023
The U.S. Commodity Futures Trading Commission (CFTC) brought manipulation charges against Mango Markets exploiter Avraham Eisenberg on Monday, after the Department of Justice arrested him last week
Galaxy Digital's Head of Research Sees More Venture Funding for Web3 Firms This Year
9.1.2023
The crypto-native financial-services firm found that crypto VC funding in 2022 reached its second highest year, with Web 3 and trading based platforms leading a majority of those efforts
FTX Co-Founder’s Alleged Extravagance Comes to Light in Bankruptcy Court Documents
9.1.2023
Following the court filing that shows FTX co-founder Sam Bankman-Fried (SBF) wants access to FTX’s $460 million in Robinhood shares, Delaware bankruptcy court documents show tens of millions were spent by the FTX team in 2022 on living accommodations, hotels, food, and flights. Moreover...
How to keep your crypto safe in 2023: a few tips from an analyst
9.1.2023
Lead on-chain analyst at Glassnode, James Check, explains why taking self-custody of your private keys has become more important than ever and how to do it in a few simple steps
BlockFi Management Hasn't Withdrawn any Crypto Since October, Lawyers Tell Court
9.1.2023
Bitcoin's Modest Rally Sends Crypto-Related Stocks Sharply Higher
9.1.2023
The crypto mining sector is posting the largest gains in Monday trading
Biggest Movers: SOL up 22% as ADA Hits Highest Point Since November
9.1.2023
Solana surged by as much as 22% on Monday, as bullish sentiment returned to cryptocurrency markets. The move saw the token climb to its highest point since November, when it was embroiled in the FTX collapse. Cardano also moved higher to start the week, climbing by nearly 13%. Solana (SOL) Solana...
Signature Bank Downgraded at Jefferies Due to Shrinking Crypto Business
9.1.2023
The cut to hold by the formerly bullish analyst team comes after the stock has suffered a 67% year-over-year decline
Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes
9.1.2023
The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate...
Jefferies Initiates Coverage of Crypto Exchange Coinbase With ‘Hold’ Rating
9.1.2023
The exchange has staying power due to its healthy balance sheet, a proactive approach to regulatory compliance, sensible risk management and legitimacy as a public company, the report said