Bitcoin mining stocks usually follow BTC’s price because it directly influences the company’s earnings. These stocks were beaten down heavily in the last quarter of 2022, especially in the month of December. The downturn after FTX’s collapse worsened with the bankruptcy filings of the largest U.S.-based Bitcoin mining company, Core Scientific. During this time, other …
Monthly archives: January 2023
Montenegro’s central bank teams up with Ripple on digital currency pilot project
Montenegrin Prime Minister Dritan Abazović has announced on Twitter that his country is pursuing a digital currency in conjunction with Ripple. Abazović met with Ripple CEO Brad Garlinghouse and vice president James Wallis at Davos. Wallis is Ripple’s vice president for central bank engagements and CBDCs. Abazović apparently had something like a central bank digital …
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Opinion: Should Bored Ape buyers be legally entitled to refunds?
Should people who purchase nonfungible tokens (NFT) be entitled to refunds if they decide they don’t like their digital pictures? Some Europeans are beginning to make that case under a 25-year-old law. Unhappy buyers have claimed that their right to a refund is protected by a 1997 European Union law that requires any person or …
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Digital asset investment products see highest inflows since July 2022: Report
On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investments experienced a surge in inflows last week, reaching $117 million, the highest since July 2022. CoinShares reported that the sector’s total assets under management rose to $28 billion, a 43% increase from its November …
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SEC Summary for January: Nexo, Genesis, Gemini, Coindeal, and More
The U.S. SEC has engaged with several crypto projects in recent weeks. Here are the regulator’s latest activities. Over the past several weeks, the U.S. Securities and Exchange Commission (SEC) has engaged with or taken action against various cryptocurrency projects. RELATED ARTICLES The SEC settled with Nexo on Jan. 19. The regulator alleged …
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Why Are Cardano Cryptocurrency Casino Slots Gaining Popularity?
Crypto casino slots are an exciting new form of Cardano casino that has been gaining in popularity due to its use of cryptocurrency. Crypto casino slots are an exciting new form of Cardano casino that has been gaining in popularity due to its use of cryptocurrency. Crypto slots are played in the same way as …
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Elon Musk’s Twitter Working On Crypto Payments, Files For Licenses In The US: FT
Summary: Twitter recently started applying for payment licenses in the U.S., the Financial Times reported. Musk charged Esther Crawford to oversee Twitter Payments, the division building technology to bring crypto and fiat payments to the social network. Binance CEO Changpeng opined that Elon’s social media giant should onboard several blockchains and cryptos, not just BNB …
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FTX-funded charity faces UK government probe
The U.K.’s Charity Commission has launched a probe into an FTX Foundation-funded charity, Effective Ventures Foundation, according to a Jan. 30 statement. FTX’s bankruptcy is a “serious incident” because its “philanthropic foundation was a significant funder of the charity,” the Charity Commission said. It added that there were no indications of any wrongdoing by the …
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Polygon surpasses BNB Chain in daily transactions as MATIC pumps 20% over weekend
Polygon, the Ethereum scaling solution, has surpassed BNB Chain in the number of daily transactions, according to on-chain data analyzed by CryptoSlate. On Jan. 29, BNB Chain recorded 3,007,245 transactions, while Polygon processed 3,066,110 in the same period. Data derived from Polygonscan and BscScan highlighted the increase in daily transactions compared with the declining number …
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NYDFS investigating Gemini over FDIC-related claims
Some Gemini Earn users claim the exchange misled them into thinking that their funds were safe by mentioning FDIC. 1 min read Updated: January 30, 2023 at 3:07 pm Cover art/illustration via CryptoSlate The New York Department of Financial Services (NYDFS) is investigating Gemini over its claims related to Federal Deposit Insurance Corporation (FDIC) coverage, …
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Bitcoin closes 4 consecutive weekly green candles for first time since August 2021
Bitcoin closed the week strongly with a fourth consecutive green candle for the first time since August 2021. Four weeks of positive momentum during a bear market is extremely rare. The last time printed four consecutive green candles during a bear market was during the COVID-19 crash recovery of May 2020. Prior to that, any …
Crypto investment products see weekly inflows of $117M, highest since July 2022
Amid investor sentiment signaling ‘greed,’ cryptocurrency investment products saw weekly inflows of $117 million last week — the highest since July 2022, according to a CoinShares report. Investors are almost solely focusing on Bitcoin, which saw inflows of $116 million. Total assets under management (AuM) of investment products increased 43% from November lows to $28 …
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Birkin vs. MetaBirkin, what one case heading to trial today may mean for the future of Web3
In a case poised to send ripples across the NFT landscape, luxury goods maker Hermès is suing artist Mason Rothschild over a 100-edition NFT collection it says violates its trademark of the iconic Birkin bag. In December 2021, Rothschild uploaded a 100-edition NFT collection to OpenSea, releasing the “MetaBirkins” collection in what he said was: …
CryptoSlate Daily wMarket Update: Bitcoin loses momentum after failing to break $24,000 resistance
The cryptocurrency market cap saw net outflows of around $19 billion over the last 24 hours and currently stands at $1,047.31 billion — down 1.81% from $1,066 billion Over the reporting period, Bitcoin and Ethereum’s market cap fell by 1.29% and 1.55% to $445.8 billion and $193.8 billion, respectively. All the top 10 cryptocurrencies posted …
Biggest Movers: MATIC Retreats From 12-Week High on Monday
Polygon retreated from a multi-month high to start the week, as traders moved in to secure recent gains. Chainlink also moved lower, as prices were unable to break out of a key resistance level. Market sentiment in cryptocurrencies shifted today, with the global market cap trading 2.11% lower as of writing. Polygon (MATIC) Polygon (MATIC) …
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