Bitcoin (BTC) rose above $23,000 into the Jan. 31 Wall Street open as markets braced for a fresh macroeconomic reckoning. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $25,000 “best case” for BTC/USD Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining around 1% in a single hourly candle before the start of trading, …
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A partnership between Poundtoken and BitcoinPoint will make the country’s first 100% backed GBP stablecoin ($GBPT) accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step towards the U.K. becoming a “crypto hub” and is in line with the government’s push to use stablecoins for wholesale …
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According to a filing with the United States Securities and Exchange Commission on Jan. 31, electric vehicle manufacturer Tesla disclosed that it recorded a $204 million gross impairment loss during 2022 on its Bitcoin (BTC) holdings. Simultaneously, Tesla recorded a gain of $64 million from converting BTC into fiat currency at various points during the …
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Cointelegraph Markets Pro gives members access to multiple strategies for finding weekly crypto winners. This article outlines how to use two overlooked indicators that, based on historical data, have been able to alert traders to massive potential price increases. These indicators can also be indispensable tools for asset discovery. When these indicators are abnormally high, …
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The court-appointed independent examiner for Celsius’ bankruptcy case filed the final report earlier today. The report found that the bankrupt crypto lender used customer deposits to fund withdrawals on multiple occasions. Customer funds were also used to prop up the price of CEL, the lender’s native token. Founder and former CEO Alex Mashinsky cashed out …
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Summary: The trading company founded by Sam Bankman-Fried hopes to recover repaid loans from bankrupt Voyager Digital. FTX lawyers filed the lawsuit on behalf of Alameda to recover around $445.6 million for creditors of the sunken crypto exchange. The court document accused Voyager of gross misconduct and lending customer funds to entities like Three Arrows …
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Too many dramas in the crypto market seemed to take the shine off the promising aspects over the past few months. Many projects have been putting their efforts into strengthening their systems and improving their products. The latest one that has made progress is Ethereum. Here Comes The Ethereum Upgrade Ethereum’s developer Marius Van Der …
Continue reading “Shadow Fork Successfully Launched Ahead of ETH Shanghai Upgrade”
A layer-1 blockchain project exploded last week on the heels of a new integration with a Chinese social media giant. Multi-chain ecosystem Conflux Network (CFX) is trading around $0.0554 at time of writing, up over 150% from its 2023 open of $0.022. CFX, which is the 250th-ranked crypto asset by market cap, is down over …
A mysterious crypto whale is abruptly relocating trillions of Shiba Inu (SHIB) as the top meme coin gears up for a highly anticipated upgrade. Blockchain-tracking service Whale Alert reveals that the deep-pocketed crypto investor moved 3,272,307,240,798 SHIB worth $38.87 million at time of transfer, from one wallet of unknown origin to another. Whale Alert also …
The United States Securities and Exchange Commission (SEC) admitted on record that the sale of LBRY Credits (LBC) tokens in the secondary market doesn’t constitute a security. The settlement came during an appeal hearing in the LBRY vs. SEC case on Jan. 30. LBRY Hearing: The Stakes for ALL Crypto https://t.co/YPbrBkw0Od — CryptoLaw (@CryptoLawUS) January …
As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost through scams and various attacks. However, according to professionals working in the Web3 space, there are multiple ways and tools to prevent being a victim of …
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In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKNA) didn’t find a place for algorithmic stablecoins. Instead, the chief financial regulator will demand all stablecoin issuers back up their values with underlying reserve assets at all times. On Jan. 31, the HKNA issued the consultation conclusion to the discussion …
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Kazakhstan, one of the world’s biggest Bitcoin (BTC) mining destinations, issued a consultation paper to gauge public interest in proposed amendments to improve the cryptocurrency trading framework. The policy paper, released on Jan. 27, was laid down by the Astana Financial Services Authority (AFSA), a Kazakh regulator. The AFSA pointed out that the Astana International Financial Centre’s Digital Asset Trading …
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At least two exchanges, Binance and Huobi, reported freezing a portion of the funds. 2 min read Updated: January 31, 2023 at 11:50 am Cover art/illustration via CryptoSlate On-chain analysis shows that North Korean hackers responsible for Harmony’s Horizon bridge hack spent the weekend attempting to move some of the illicit funds. On-chain analysis of …
Valkyrie Bitcoin Miners ETF “We’re Gonna Make It” (WGMI) has emerged as the best-performing fund in 2023, rising by over 100% in the past month. 2 min read Updated: January 31, 2023 at 10:07 am Cover art/illustration via CryptoSlate Bitcoin (BTC) exchange-traded products (ETPs) saw inflows of 6,031 BTC in the past week, according to …
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