According to statistics, decentralized exchange (dex) monthly trading volumes have dropped significantly since Jan. 2022. After a brief spike in volume in Nov. 2022, dex trade volumes have been lackluster for the past 44 days. As of Jan. 14, 2023, Uniswap version three (V3) has the highest trade volume during the past 24 hours at …
Monthly archives: January 2023
Treasury Secretary Yellen Urges Swift Action to Increase Spending Limit, Avert Default on US Obligations
Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt limit on Jan. 19, 2023. She warned that “failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the …
‘It’s Very Clear Now’ FTX Committed Fraud, Says Hedge Fund CEO Anthony Scaramucci
Skybridge Capital chief executive Anthony Scaramucci is now convinced that collapsed crypto exchange FTX committed wrongdoing. Scaramucci had previously refrained from accusing FTX of crimes, saying he wanted to hold back from claiming they perpetuated “fraud” because it’s “actually a legal term.” But he now tells CNBC he thinks says it’s “very clear” FTX committed …
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Over 800 Victims of BitConnect Crypto Ponzi Scheme To Receive $17,000,000 in Restitution, According to U.S. DOJ
More than 800 victims of the collapsed BitConnect crypto Ponzi scheme are set to receive $17 million in restitution, according to the U.S. Department of Justice. A federal district court in San Diego ordered the restitution on Thursday, which will be distributed to victims across more than 40 countries. BitConnect was marketed as an online …
SBF denies stealing FTX assets, SEC charges Gemini and Genesis, and more: Hodler’s Digest: Jan. 8-14
Top Stories This Week Sam Bankman-Fried: ‘I didn’t steal funds, and I certainly didn’t stash billions away.’ In a “pre-mortem overview” of FTX’s bankruptcy, Sam Bankman-Fried denied allegations of improper use of customer funds stored with the crypto exchange, attributing responsibility for the company’s dramatic fall to the market crash of 2022 and Binance CEO …
Alameda Research had a $65B secret line of credit with FTX: Report
Former FTX CEO Sam Bankman-Fried (SBF) reportedly ordered Gary Wang, co-founder of the crypto exchange, to open a $65 billion “secret backdoor line of credit” for Alameda Research, according to FTX attorney Andrew Dietderich. The attorney disclosed the information during a Delaware bankruptcy court hearing on Jan. 11, the New York Post reported. The alleged …
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How to connect the Avalanche network to MetaMask?
One of the main properties advanced in blockchain technology is interoperability, the art of different blockchains communicating with one another. Interoperability is crucial when it comes to exchanging data and assets such as nonfungible tokens (NFTs) or cryptocurrencies while enjoying the best of two or more platforms to save on fees, for example, or transact …
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Bitcoin Price Prediction for Today, January 14: BTC/USD Spikes Above $21,000
The Bitcoin price prediction discloses that BTC could break above the upper boundary of the channel to hit the resistance level of $22,000. Bitcoin Prediction […] Go to Source
Crypto’s Next Bull Market Will Be Biggest Ever, Predicts Strategist at $1,300,000,000 Fund – But There’s a Catch
The chief investment officer of Bitwise Investments crypto fund, Matt Hougan, is expressing bullish market sentiment. Hougan says in an investor letter that the crypto market is “well positioned to stage a recovery” and chart a path to a record-breaking bullish cycle. “In the end, however, we believe crypto will recover. Historically, crypto has bounced …
New York sued by environmental group after approval of crypto mining facility: Report
The New York Public Service Commission (PSC) was sued by environmental activists on Jan. 13 for approving the takeover of a cryptocurrency mining facility in the state. According to The Guardian, the state Public Service Commission (PSC) is responsible for regulating public utilities, and authorized in September 2022 the conversion of the Fortistar North power …
Cointelegraph heads to Davos for World Economic Forum
As the World Economic Forum brings global leaders together to tackle global issues, a number of cryptocurrency and blockchain events will create a vibrant sideshow in the snowy ski destination in the Swiss Alps. Cointelegraph will be on the ground to cover the World Economic Forum (WEF) as well as a host of blockchain-focused events …
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The ongoing battle against scammers in the web3 – SlateCast #46
The importance of usability and end-user security in crypto adoption 28 min watch Updated: January 14, 2023 at 4:21 pm [embedded content] The latest episode of the SlateCast, a CryptoSlate podcast that engages with some of the most exciting web3 projects, discussed the topic of safety in Web3 and the creation of tools that help …
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Alameda liquidators hit with liquidation for second time in 3 days
Alameda Research’s liquidator positions have been liquidated twice in less than four days due to forcibly closing leveraged positions. 1 min read Updated: January 14, 2023 at 4:01 pm Cover art/illustration via CryptoSlate According to Arkham Intelligence, Alameda Research liquidators were liquidated for the second time in three days in light of recent market movements. …
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Op-ed: The web3 regulatory landscape in the UAE
Irina Heaver, a crypto lawyer based in the Middle East, authored the following guest post. 2022 was an eventful year for the Web3 Founders, crypto lawyers, and Financial Regulators. The industry witnessed multiple bankruptcies and allegations of fraud that would make Madoff look like an angel. Some of the highest-profile influencers and sports stars were …
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$700m liquidated as Bitcoin touches $21k amid weekend pump
Bitcoin briefly surpassed $21,000 on Jan. 13 for the first time since the FTX saga started in early November. After a slight retracement early on Saturday morning, BTC is priced at $20,800 as of press time. $255m of spot Bitcoin was bought on Jan.13, while the liquidation of $240 million Bitcoin shorts liquidated sent Bitcoin …
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