Turkey’s Nation Alliance set for crypto adoption

As the elections approach, Turkey’s political opposition group, the Nation Alliance, released its doctrine on Jan.30, which included 13 matters aimed at increasing crypto adoption in the region. The Alliance primarily aims to imply blockchain technology in various public services and bureaucratic processes, according to the doctrine. In the meantime, cryptocurrencies will also be regulated and …

Lido’s price decline tied to Jump Trading dumping, analyst says

Jump Trading has dumped roughly 65,000 LDO tokens — declining over 10% in price —over the last 24 hours, according to Etherscan data. 1 min read Updated: January 31, 2023 at 8:27 am Cover art/illustration via CryptoSlate On-chain analyst Lookonchain has tied Lido’s (LDO) recent sharp decline to crypto company Jump Trading in a Jan. …

Gemini’s stablecoin loses USD peg amid OKX delisting

The number of active addresses holding GUSD has dropped to a 2020 low, while the stablecoin supply has dropped off in recent months. 1 min read Updated: January 31, 2023 at 7:37 am Cover art/illustration via CryptoSlate Gemini-backed stablecoin Gemini Dollar(GUSD) has lost its parity with the US Dollar, falling by 0.84% to $0.9851 in …

Alameda Research sues Voyager for $446M to recover loan repayments

Since Alameda made these repayments within 90 days preceding its bankruptcy, they are eligible to be clawed back, lawyers claim. 1 min read Updated: January 31, 2023 at 7:10 am Cover art/illustration via CryptoSlate Defunct crypto hedge fund Alameda Research has sued bankrupt crypto lender Voyager Digital for $445.8 million. Alameda is trying to recover …

Meet Ordinals, the New Bitcoin NFT Engine, and the Drama Surrounding Them

Ordinals, a new way of using and getting content using Bitcoin, are enabling creators to harness the utility of NFTs (non-fungible tokens) directly from the blockchain, essentially creating native Bitcoin NFTs. This has stirred the pot in some circles, which are now discussing if this is the way in which Bitcoin’s blockchain should be used, …

Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions

Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. Supply of Crypto Exchange Accounts for Russian Users Doubles in a Year …

Legendary Trader Peter Brandt Says Bitcoin Flashing Rare Bullish Signal – Here’s His Target

Veteran analyst Peter Brandt thinks that Bitcoin (BTC) has more upside potential after breaking out from an “extremely rare” technical pattern. Brandt tells his 695,200 Twitter followers that Bitcoin is likely to see more rallies after BTC took out the resistance of a fulcrum pattern around $19,000. “The bottom in BTC is a double-walled fulcrum …

Bitcoin sees most long liquidations of 2023 as BTC price tags $22.5K

Bitcoin (BTC) swapped bullish gains for chop into Jan. 31 as the end of the month saw nervous price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $46 million of longs liquidated Data from Cointelegraph Markets Pro and TradingView tracked a less confident BTC/USD as it briefly wicked to just above $22,500 on Bitstamp overnight. …

Premier League gets Ethereum-based digital cards with Sorare partnership

Blockchain-powered fantasy sports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform. Sorare has driven an interesting use case for Ethereum-based fantasy sports and digital card trading in recent years, offering fans the ability to mint, collect and trade various player cards with other …

Nigerians Turn to Bitcoin Amid Fiat Scarcity

HodlX Guest Post  Submit Your Post   As of January 29, 2023, Nigeria, the most popular Black nation on earth, with a population of over 200 million people, tops the search for ‘buy Bitcoin‘ on global Google trends. This comes at a time when the country’s election is just a few weeks away. In October 2022, …

Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise

Crypto companies tightened their purse strings in the first month of 2023, with at least 2,900 crypto staff cut loose across 14 crypto firms in January. The latest firm to reportedly initiate a layoff is the crypto infrastructure provider Prime Trust which reduced its employee count by a third according to reports. The reduction would …

BlockFi gets court nod to sell crypto mining assets

Bankrupt crypto lender BlockFi has been granted court approval to sell off its crypto mining equipment as part of ongoing efforts to  repay its creditors. A court document filed on Jan. 30 in the United States Bankruptcy Court for the District of New Jersey stated that the approval for BlockFi to sell its assets was …

Crypto wallets combat scammers with transaction previews and blocklists

United States-based crypto exchange Coinbase has become the latest crypto wallet provider to roll out transaction previews and blocklists amid a rise in crypto thefts. On Jan. 30, the crypto exchange announced it had integrated a new suite of safety features to its wallet app to make it easier for users to spot and take …

Mastercard, Binance to launch their second prepaid crypto card in Latin America

Credit card giant MasterCard has teamed up with the world’s largest crypto exchange Binance to launch another prepaid crypto card in Latin America. On Jan. 30, Binance announced the launch of the Binance Card in Brazil. The new card is issued by Dock, a payment institution regulated by the Brazilian Central Bank. It will allow …

SBF’s bail bond co-signers may soon be named

Two individuals who acted as sureties could be named in one or two weeks. 2 min read Updated: January 31, 2023 at 1:51 am Cover art/illustration via CryptoSlate The judge overseeing Sam Bankman-Fried’s criminal case has decided that the names of two bail bond signers can be revealed, as determined in a Jan. 30 filing. …

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