BTC price ignores US PCE data at $16.8K as Bitcoin rejects volatility

Bitcoin (BTC) saw a flicker of volatility around the Dec. 23 Wall Street open as the latest United States inflation data came in line with expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sees “crumb” of volatility on PCE Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly decoupling from solid sideways action …

SEC general counsel announces departure from public service

Dan Berkovitz, general counsel for the United States Securities and Exchange Commission, said he will be leaving the agency after more than a year. In a Dec. 22 announcement, the SEC said Berkovitz will depart on Jan. 31. A former commissioner with the Commodity Futures Trading Commission, Berkovitz joined the agency in November 2021. At …

Top-five most Googled cryptocurrencies worldwide in 2022

Cryptocurrencies have suffered immensely in 2022 from the onslaught of a hawkish Federal Reserve and the implosions of crypto platforms FTX, Terra, Celsius Network, and others. What were the most-searched cryptocurrencies in 2022? Notably, the market valuation of all the cryptocurrencies combined has dropped 70% year-to-date (YTD) to nearly $770 billion, signifying massive capitulations by traders …

OpenSea blocks Cuban artists from the platform due to US sanctions

Nonfungible token (NFT) marketplace OpenSea has been banning artists and collectors from Cuba, citing United States sanctions as the key reason behind its action. According to a report published by Artnet, 30 artists and collectors have been banned from the popular NFT marketplace until now. The most noted artist to face the axe includes well-known Havana-based …

FTX and BlockFi Tussle Over SBF’s $450 Million Robinhood Stock

Summary: BlockFi and FTX are in contention over 56 million shares in trading giant Robinhood. The shares are currently controlled by Emergent Fidelity Technologies, a company owned almost entirely by fallen crypto billionaire Sam Bankman-Fried. BlockFi argued ownership of the Robinhood stock as part of a deal with Bankman-Fried but FTX pushed for the assets …

Billionaire Investing Legend Bill Miller Predicts One Catalyst Will Ensure Bitcoin (BTC) Performs ‘Quite Well’

Legendary investor Bill Miller says that one catalyst is likely going to help Bitcoin (BTC) start performing well again. In a new interview with Barrons, Miller says that Bitcoin, while volatile, has a place in investment portfolios as a “sound speculation.” “At the market low of 2020, Bitcoin was $5,800. Bitcoin is now $17,400. Roughly …

Traders Should Keep an Eye on One Little-Known Ethereum-Based Altcoin, Says Crypto Analytics Firm Santiment – Here’s Why

Blockchain insights platform Santiment is pointing out anomalies recorded on one under-the-radar crypto asset after it recently rallied to a local top. Santiment says that the Ethereum (ETH) scaling solution Optimism (OP) recorded a bump in price just as the transaction volume of Tether (USDT) and USD Coin (USDC) on the layer-2 blockchain was surging. …

FTX asks bankruptcy judge to stop BlockFi from claiming Robinhood shares

Embattled crypto exchange FTX asked for the assistance of a United States bankruptcy judge to prevent crypto lending firm BlockFi from claiming around $450 million worth of Robinhood shares purchased by its former CEO Sam Bankman-Fried.  On Nov. 28, BlockFi filed a lawsuit demanding Emergent Fidelity Technologies, Bankman-Fried’s holding company, to turn over 56 million …

Adoption grows as more than $7T settled with stablecoins in 2022

The total value settled with stablecoins this year surpassed the settlement value at Mastercard, which processed around $2.2 trillion in value in 2022. 1 min read Updated: December 23, 2022 at 10:52 am Cover art/illustration via CryptoSlate The ongoing bear market did little to curb the rising use of stablecoins. On the contrary, dollar-pegged coins …

Long BTC liquidations dominated majority of 2022

270,000 long Bitcoin positions were recorded since January 25, as opposed to 159,000 short ones. 2 min read Updated: December 23, 2022 at 10:29 am Cover art/illustration via CryptoSlate Long Bitcoin (BTC) positions were much more dominant in 2022 than short ones, according to CryptoSlate’s analysis of glassnode data. Since Jan. 25, there were 270,000 …

OKX publishes second Proof-of-Reserves update, commits to report monthly

Alameda CEO Caroline Ellison takes plea deal, faces no criminal charges A recently unsealed plea agreement shows that Caroline Ellison, the CEO of Alameda Research, pleaded guilty to seven fraud charges. In return for cooperating with authorities, Ellison faces a $250,000 fine and forfeiture of any assets she obtained from FTX money. 24 hours ago …

President of Brazil Sanctions Cryptocurrency Law

President Jair Bolsonaro has approved law 14.478, which regulates cryptocurrency-related operations and virtual asset service providers (VASPs) in Brazil. The document, approved on the last day of the period allowed, will begin to be applied 180 days after its sanction. This will give all parties a period to adapt to compliance. Cryptocurrency Law Finally Sanctioned …

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