‘Degen’ season smells like pixelated feet Feetpix.wtf’s newly launched nonfungible token (NFT) collection, “Feetpix” has seemingly taken the NFT community by storm with surging trading volumes, prompting some to suggest the return of “degen” season. Feetpix.wtf’s collection soared ahead of the likes of Bored Ape Yacht Club (BAYC) on Jan. 11 with the fifth-highest trading …
Monthly archives: January 2023
Gary Gensler finds new audience for his crypto skepticism: The US Army
United States Securities and Exchange Commission (SEC) chair Gary Gensler has found a new audience for his crypto-skeptical pep talks — the United States Army. On Jan. 11 the U.S. Army hosted its first Twitter Space of 2023 with Gensler and SEC commissioner Caroline Crenshaw joining the discussion to provide financial advice on how and …
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Judge slams senators’ letter against FTX lawyers as ‘inappropriate’
FTX’s bankruptcy judge has reportedly slammed the joint letter from four United States senators calling for an independent examiner in the FTX bankruptcy case. As reported by Cointelegraph, the senators sent a letter on Jan. 9 highlighting concerns about the ties between FTX and their legal representative, Sullivan & Cromwell LLP. However, in a Jan. …
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Uphold exchange denies owing millions to failed crypto lender Cred
Crypto exchange Uphold has denied owing around $784 million to the liquidation trust of bankrupt crypto investment platform Cred. At a court hearing on Jan. 11, Uphold filed a motion to dismiss all counts in the suit served against the firm by Cred in June 2022. Cred was a crypto lending service that filed chapter …
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El Salvador approves Bitcoin bond by passing bill
The bonds, worth $1 billion, will fund a “Bitcoin City” and go toward buying more BTC. 1 min read Updated: January 12, 2023 at 12:49 am Cover art/illustration via CryptoSlate El Salvador has passed a bill that will allow the country to sell bonds backed by Bitcoin, according to a report from Bloomberg on Jan. …
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BTC surges near $18,300
Bitcoin prices surged 4.2% in a matter of hours on Jan. 12. At 11:00 p.m. UTC, Bitcoin was priced at $17,548. At 1:00 a.m. UTC, the asset was worth $18,287. Prices began to decline shortly after that high point, though at this early stage, it is unknown what Bitcoin’s long-term price trend may look like. …
Binance registers in Sweden alongside other expansion and hiring efforts
The exchange now holds licenses in seven EU states and 15 global jurisdictions. 2 min read Updated: January 12, 2023 at 12:44 am Cover art/illustration via CryptoSlate Binance has been granted permission to operate in Sweden, according to an announcement published by the cryptocurrency exchange on Jan. 11. Binance registers in Sweden Today’s announcement indicates …
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Despite SEC Objection, Court Greenlights Billion-Dollar Asset Purchase Deal Between Binance US and Voyager
The asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital has reportedly received initial court approval despite objections from various regulators, including the U.S. Securities and Exchange Commission (SEC). Court Lets Binance US Buy Voyager’s Assets The proposed asset purchase deal between the U.S. arm of cryptocurrency exchange Binance (Binance US) and …
The Fed Will Keep Focusing on Crypto — Fed Governor Says ‘We Do Not Want to Hinder Innovation’
Federal Reserve Governor Michelle Bowman says while “cryptocurrency activities can pose significant risks,” the Fed does not want to “hinder innovation.” She added: “By inhibiting innovation, we could be pushing growth in this space into the non-bank sector, leading to much less transparency and potential financial stability risk.” Fed Governor on Crypto, US Economy, and …
JPMorgan CEO Jamie Dimon on US Economy: ‘I Shouldn’t Ever Use the Word Hurricane’
JPMorgan Chase CEO Jamie Dimon says he “shouldn’t ever use the word hurricane” when warning about the U.S. economy. However, he insisted that there are “storm clouds” that “could be a hurricane.” JPMorgan CEO Jamie Dimon on US Economy The chief executive of global investment bank JPMorgan Chase, Jamie Dimon, discussed the U.S. economy in …
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XRP Tops List Of Gainers As Whale Interest Spikes
XRP has been on the front lines of crypto news for the past couple of weeks as Ripple’s lawsuit with the Securities and Exchange Commission (SEC) heats up. The increased attention has translated to more market movement, and whales are looking to take advantage of this. Whales Move Into XRP XRP’s trading volume saw a …
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Avalanche Partners With Amazon, What’s Next For The Price?
Avalanche and its dApp ecosystem shall now be supported by Amazon Web Services (AWS), which also comprises one-click node deployment through the AWS marketplace. With this partnership with AWS, Ava Labs can help customers deploy custom offerings linked to over 100,000 partners spread across 150 countries. Technically, the Avalanche node operators can operate in AWS …
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Vital Levels To Keep Eye On As Cardano Price Begins To Retreat
The Cardano price has rallied significantly over the past week and secured more than a 24% gain. Over the last 24 hours, the coin slipped 2%, indicating that it could not sustain its weekly gains. Following a significant price increase, the technical outlook indicates that the altcoin’s price will trend lower. This correction might continue …
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Solana Price Surge Attracts Investors, What’s Driving It?
Solana’s price has achieved an unexpected week-long rally, causing it to significantly outperform almost all other cryptocurrencies. As the price of the centralized smart contract token stabilizes, investors are showing interest in how high it can go. In the first week of 2023, the price of Solana (SOL) soared in value, going from $9.7 to …
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Altcoin Volume Dominance At Highest Since Jan 2021, Trouble For Bitcoin?
On-chain data shows that altcoin volume dominance is now at the highest level since January 2021, while Bitcoin’s is at its lowest. Altcoin Dominance By Volume Recently Touched A High Of 64% As pointed out by an analyst in a CryptoQuant post, Bitcoin’s dominance is just at 16% now. The “dominance by volume” is an …
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