China’s first national NFT marketplace to launch next week: Report

According to a report published by local news outlet Sina News on Dec 28, China will launch its first regulated platform for nonfungible tokens (NFT) trading on Jan 1, 2023. The entity, which acts as a secondary market for the exchange of NFTs, was created by the state-owned Chinese Technology Exchange, the state-owned Art Exhibitions …

‘Make sure Ethereum wins’ — Steve Newcomb reveals zkSync’s prime directive

Steve Newcomb is a Silicon Valley veteran with a long list of achievements. He built software for trading energy in the 90s, was a pioneer in adding email to phones, and helped create the back end of the Bing search engine under Peter Thiel’s mentorship. Today, he heads up development for Berlin-based Matter Labs, which …

Bitcoin underperforms stocks, gold for the first time since 2018

Gold and stocks have underperformed in 2022, but the year has been difficult for Bitcoin (BTC) investors, in particular. Worst year for Bitcoin since 2018 Bitcoin’s price looks prepared to close 2022 down nearly 70% — its worst year since the crypto crash of 2018. Bitcoin monthly returns. Source: Coinglass BTC’s depressive performance can be …

Michael Saylor’s MicroStrategy Parks $56 Million In Bitcoin

Summary: MicroStrategy bought roughly 2,395 BTC between November 1 and December 21, 2022. The firm also purchased another 810 BTC for $11.6 million on December 24. Saylor’s company spent around $42.8 million bolstering its Bitcoin holdings to about 135,000 BTC worth approximately $2.2 billion at press time. Microstrategy also sold BTC for the first time, …

Mango Markets Hacker Avraham Eisenberg Arrested For $110 Million Market Manipulation

Summary: The Department of Justice charged Eisenberg with market manipulation of the MNGO token. Eisenberg exploited Mango Markets for $110 million in cryptocurrencies back in October 2022. The Solana-based decentralized exchange offered Eisenberg and the other hackers $47 million as a bug bounty if the group returned $67 million in digital assets. Avraham Eisenberg was …

One Large-Cap Altcoin Set To Break Away From Bearish Crypto Markets, According to Top Analyst

A popular analyst believes that one large-cap altcoin is gearing up to break away from the downtrending crypto markets. The pseudonymous analyst Rekt tells his 330,000 Twitter followers that peer-to-peer payments network Litecoin (LTC) may have already printed a bear market bottom. “LTC bottoms precede BTC bottoms In 2015, LTC bottomed in April and BTC …

Top Crypto Analyst Forecasts Rallies for Litecoin, Polygon and One Ethereum Rival – Here Are His Targets

Closely followed crypto analyst Michaël van de Poppe says Litecoin (LTC), Polygon (MATIC) and Fantom (FTM) are positioned for rallies. The popular analyst tells his 643,300 Twitter followers that Litecoin will likely continue to move to the upside after a possible dip. He says Litecoin could increase by more than 22% from its current value …

Canaan expects minor revenue drop in 2022 despite crypto mining crisis

Cryptocurrency mining giant Canaan continues to generate significant revenues from crypto operations despite the ongoing crypto mining crisis. Canaan’s total revenue for the first nine months of 2022 was roughly 4 billion Chinese yuan (RMB), or about $573 million, a spokesperson for Canaan told Cointelegraph. As the firm expects to generate another 310 million RMB …

Midas Investments close down amid $63M DeFi portfolio deficit

Custodial CeDeFi investment platform Midas will close down its operations because of a $63.3 million deficit in its decentralized finance (DeFi) portfolio.  In an announcement, the company’s founder and CEO Iakov Levin also known as “Trevor” wrote that the move is partly because the fund’s DeFi portfolio lost $50 million, which is 20% of its …

SBF wants ‘Big Short’ FTX movie, Peter Schiff already calls it fiction

Members of the crypto community published their sentiments on social media in response to the former FTX CEO Sam Bankman-Fried’s reportedly meeting with Michael Lewis, the writer of the popular trading-focused film, The Big Short.  With a potential blockbuster film seemingly on the way, community members called out Bankman-Fried’s antics, from describing the meeting as …

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