Popular crypto trader Tone Vays isn’t convinced Bitcoin (BTC) will continue upwards in the short term despite the crypto asset’s sizeable January gains. The analyst tells his 123,000 YouTube subscribers that he thinks BTC will face some “major, major resistance” at the $25,000 mark. “I have been waiting for us to hit $25,000, and it’s …
Monthly archives: January 2023
Bloomberg Analyst Issues Bitcoin and Ethereum Warning, Says Looming Recession To Weigh Down on Crypto
Bloomberg Intelligence senior macro strategist Mike McGlone is warning the economy is likely to enter a recession, resulting in a drop in cryptocurrency values. In a new interview with crypto influencer Scott Melker, McGlone predicts that the stock market, business earnings and crypto are all going to take a hit in a looming economic downturn. …
‘Cryptoqueen’ Wanted by FBI for Role in $4,000,000,000 Pyramid Scheme Sells Luxury Apartment in UK: Report
A BBC report says that new transparency requirements in the UK show that Ruja Ignatova, the alleged co-founder of the $4 billion pyramid scheme OneCoin, is the owner of a plush penthouse property in London that was listed for sale. According to the report, the luxury apartment that was initially listed for $15.49 million was …
Celsius Was Using Customer Deposits To Fund Withdrawals, According to Bankruptcy Examiner
A closer look at the collapse of crypto lender Celsius shows that the firm was using customer deposits to pay for withdrawals, according to an independent examiner. In a new court filing with the United States Bankruptcy Court in the Southern District of New York, bankruptcy examiner Shoba Pillay, a former federal prosecutor, finds that Celsius …
Wormhole wins second ‘temp check’ to become bridge for Uniswap governance
The Uniswap DAO has approved a second non-binding proposal, called a “temperature check,” to make Wormhole the official bridge for cross-chain governance of the protocol between BNB Chain and Ethereum, according to the official proposal page. BREAKING: Wormhole has won the vote to be Uniswap’s designated bridge to the Binance Chain! This is a major …
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Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program
Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF). The initiative is focused on identifying and advancing technologies that could secure the future dominance of the U.S. Air Force. According to the announcement, the investment will be used to develop blockchain …
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Bitcoin mining advocate is going state-to-state to educate US lawmakers
Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation. Porter, who first discovered Bitcoin (BTC) in 2017, told Cointelegraph his path on advocating the benefits of mining has taken him to …
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Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius
Court-appointed examiner Shoba Pillay submitted her final report on select aspects of operations at bankrupt cryptocurrency Celsius on Jan. 31. The document was commissioned on Sept. 29 and is 470 pages long, not counting the 31 appendices. Pillay is a former federal prosecutor and partner at law firm Jenner & Block. She looked at how …
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Bitcoin Price Prediction for Today, January 31: BTC/USD Resumes Bullish Signals; Price Could Touch $24k
The Bitcoin price prediction has been facing some mixed price action in recent days, with the crypto seeing multiple strong uptrends and selloffs. Bitcoin Prediction […] Go to Source
Wormhole Set To Become Uniswap’s Official Bridge To BNB Chain
Crypto bridge Wormhole has won the governance vote to become Uniswap’s designated bridge to BNB Chain. Wormhole beat fellow bridges Layerzero and deBridge to become the DEX’s bridge provider. Community members aim to use BNB Chain’s strong governance model and active community to develop Uniswap V3. Wormhole will have to pass a final governance vote …
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Ripple Working With Central Bank of Montenegro on New Digital Currency Pilot Program, According to Prime Minister
San Francisco payments company Ripple is teaming up with the Central Bank of Montenegro to work on a novel digital currency pilot program. Montenegro Prime Minister Dr. Dritan Abazovic says that his country’s central bank has launched a pilot project with Ripple to build the first digital currency or stablecoin for the country. Dr. Abazovic …
Addressable Raises $7.5 Million To Enable Web 3.0 Companies To Acquire Users at Scale
January 31, 2023 – Tel Aviv, Israel Addressable, an innovative end-to-end solution for Web 3.0 marketing, announced today that it secured $7.5 million in a seed funding round, led by Viola Ventures and Fabric Ventures, with participation from Mensch Capital Partners and North Island Ventures. The funding will be used to accelerate adoption and expansion …
SIMBA Chain Awarded $30 Million US Air Force STRATFI
January 31, 2023 – South Bend, Indiana Leading enterprise blockchain solutions provider SIMBA Chain announces it has been selected for a $30 million STRATFI with the USAF (US Air Force), following up on multiple projects the company has completed for the military branch in recent years. The USAF STRATFI is focused on identifying and advancing …
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5 altcoins that produced double-digit gains as Bitcoin price rallied in January
The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as buyers started to play catch up. The improving macroeconomic conditions, such as reduced inflation and …
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Opinion: Have Brazil’s Lula and Argentina’s Fernandez heard of cryptocurrency?
“Good ideas out of context are like shiny objects lost in a dark field,” American writer Seth Godin once said. “They catch your attention, but have no real utility.” Brazilian President Luiz Inácio Lula da Silva and Argentine President Alberto Fernández have been making headlines for a proposal to create a common currency between Argentina …
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