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Crypto Exchange Bitfinex Transfers $8.5M to Alameda Consolidation Address
The transfers from Bitfinex to Alameda’s consolidation address have raised questions about the relationship between both firms. Blockchain security firm PeckShield has disclosed a series of transfers from three addresses, including one from crypto exchange Bitfinex to Alameda Research’s consolidation wallet. According to Etherscan, the address labeled “Alameda...
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CryptoGames Introduces Binance Coin (BNB) as Payment Option
CryptoGames, a leading cryptocurrency-based online gaming platform, has recently announced the addition of Binance Coin (BNB) as a payment option. This is great news for the platform’s users who can now enjoy seamless transactions with their Binance Coin wallets. The integration of Binance Coin will not only offer faster and more secure transactions, but it will also reduce the fees for users.
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Craig Wright’s Case Against Bitcoin Developers Headed to Full Trial
Tulip Trading’s allegations present a “serious issue to be tried,” according to the UK Court of Appeals. Tulip Trading – a Seychelles-based company founded by Craig Wright – has successfully brought its case against multiple Bitcoin developers to trial in the United Kingdom. Wright’s firm...
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Marathon Digital Discards HODL Strategy: Sells BTC After More Than 2 Years
Marathon sold 1,500 BTC in January, cashing out for the first time since October 2020. Marathon Digital Holdings – one of the leading bitcoin miners – mined 687 BTC in January 2023, a 45% increase compared to the last month of 2022. However, the company shifted from its...
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Bitcoin Soared to 5-Month High Above $24K Following Fed’s Interest Rate Hike (Market Watch)
MATIC and Avalanche are today’s top performers from the larger-cap alts. Although BTC didn’t react at first to the US Fed interest rate spike, the asset went on a roll hours later, registering a new highest price level in over five months. Most altcoins have charted even more...
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After Partnering With Messi, Bitget Expands Copy-Trading to English-Speaking Countries
Bitget continues to make copy trading more accessible to cryptocurrency enthusiasts. Their new One-Click Copy Trading product, helps novice users take cues from experienced traders. Leading cryptocurrency exchange Bitget has built strong momentum by supporting cryptotrading. As a result, users can trade cryptocurrency in a secure environment and benefit from...
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JPMorgan Survey Paints Mixed Picture for Crypto Sentiment in 2023
A recent survey by banking giant JPMorgan has sent mixed messages regarding the attitude towards crypto assets from institutional traders. In its latest e-trading trends survey of 835 institutional traders, investment bank JPMorgan attempted to gauge market sentiment for the coming year. However, the findings appear very conflicted, especially concerning...
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High Crypto Taxes in India Remain Unchanged, Using Offshore to Avoid TDS Prohibited
The crypto industry had expected some good news on the tax front, but the annual budget for the next fiscal betrayed their hopes. Months of lobbying by Indian and global crypto firms to see if the local tax laws will provide some leeway proved futile. The Indian Finance Minister, in her budget speech for the 2023-24 fiscal, did not mention crypto or virtual assets at all.
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Bitcoin Taps 5-Month Highs, Fed Hikes Rates as Expected, Optimism (OP) Leads DeFi Rally: This Week’s Recap
Bitcoin topped $24K for the first time since August 2022 but retraced quickly. This happened as the Federal Reserve hiked interest rates as expected. The past seven days saw the total cryptocurrency market capitalization increase by around $35 billion, and the industry continues to recover from the multitude of bankruptcies in 2022.
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Market Watch: Terra USTC Skyrockets 62%, ETHW Up 17%
The infamous UST(C) stablecoin from the Terra ecosystem has skyrocketed by over 60% in the past 24 hours. After marking a multi-month high yesterday above $24,000, bitcoin was violently rejected and has dropped by almost $1,000 since then. Most altcoins are also in the red today, but there’re some notable...
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BlockJoy Secures $11M From Gradient Ventures, Draper Dragon to Launch Decentralized Blockchain Operations
Helium co-founder and early founding team member launch a whitelabel blockchain nodes-as-a-service startup to reduce operating costs by up to 80 percent for enterprises running nodes for Staking and APIs as a service. BlockJoy is building the Web3 version of AWS on decentralized infrastructure, while still providing a cloud-like experience.
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Binance Gives Deadline for WazirX to Withdraw Client Assets Stored in its Wallets
The saga between Binance and the Indian crypto exchange takes another turn. The world’s leading crypto exchange has given an ultimatum to the operator of WazirX to withdraw all customer funds stored on Binance’s infrastructure and wallets. This comes as Zanmai has supposedly refused to retract a previous...
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ETH Battles for $1.7K But Worrying Signs Appear, What’s Next? (Ethereum Price Analysis)
As Ethereum exits its recent consolidation range and aims for the next significant resistance level, the price action leans positive. On the daily chart, the price has been consolidating in a tight range over several weeks. However, it finally seems that a bullish continuation is the most probable scenario. In...
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Orion Protocol Hacked for $3 Million Through Reentrancy Attack
Another reentrancy bug gets targeted by hackers – but no users were exposed to the affected contract. Orion Protocol – a liquidity aggregator for both CeFi and DeFi exchanges – saw its core contract hacked on Thursday across both its Ethereum and Binance Smart Chains (BSC) deployments.
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Crypto Price Analysis Feb-3: ETH, XRP, ADA, MATIC, and FTM
This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Fantom. Ethereum, the second-largest cryptocurrency, continued to consolidate this week. The price only registered a 2.9% increase. This is because ETH is stuck in a channel between $1,670 and $1,550. All attempts to break these levels were...
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Optimism (OP) Skyrockets to New ATH, Gains Over 40% Weekly
Optimism (OP) continues to be one of the best performers, charting yet another all-time high. Optimism continues to perform. The cryptocurrency just painted a fresh all-time high which, at this point, happens almost daily. This brings its total gains for the week to around 43%. Optimism continues to be one...
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Bitcoin Will Not Be an Effective Money, Says Ray Dalio
Ray Dalio provides his take on what a better alternative money would be to fiat currencies, which are debasing worldwide. Ray Dalio – founder of Bridgewater Associates – doubts Bitcoin’s ability to work as money, and thinks it receives outsized attention compared to the size of its market cap.
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‘Big Short’ Michael Burry Leaves Twitter After Advising Investors to Sell
Burry deactivated his Twitter account after the markets went in the opposite direction of his forecast. Michael Burry – the famous American investor and hedge fund manager who predicted the 2008 financial crisis – deleted his personal Twitter account. In his latest tweet from last night (February 1),...
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US Regulators Launch Official Probe Into Silvergate-FTX Dealings
The probe follows an exchange of letters between Silvergate and Sen. Elizabeth Warren and her associates, who accused the bank of responding evasively. Silvergate, one of many creditors to take huge losses due to FTX going under, was previously forced to lay off 40% of its staff. This hit to...
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Shiba Inu Explodes 11%, Bitcoin Stalls at $23K (Weekend Watch)
Shiba Inu and OKB are today’s top performers from the larger-cap alts. Bitcoin was quite volatile after the US Federal Reserve announced the latest interest rate hike, which ultimately resulted in tapping a new 5-month high. Since then, though, the asset has calmed at around $23,000. Several altcoins have...
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