Archive for January 2023
FTX Founder SBF Hoped On Foreign Regulators’ Leniency To Stall Bankruptcy
The founder of disgraced crypto exchange FTX Sam Bankman-Fried (SBF), has once again come under serious criticism. According to U.S. Justice Department in a Wall Street Journal report, SBF attempted to stall bankruptcy proceedings through leniency from foreign regulators. The idea was to transfer crypto assets from his exchange platform to international regulators. More Details…
Read MoreCrypto Industry Cuts Jobs Despite Bitcoin Highs
Significant crises and unpleasant events negatively impacted Bitcoin and other crypto asset prices in 2022. Some notable events include the collapse of Terra and its ecosystem, the implosion of the FTX exchange, and the spreading of contagions that followed them. However, early 2023 brought a new dawn in the industry. Most crypto tokens rose in…
Read MoreBitcoin Netflows At Neutral Values As Market Reaches Balance
Data shows Bitcoin exchange inflows and outflows have reached a stalemate as netflows aren’t leaning in any particular direction. Bitcoin Demand Possibly Slowing Down As Netflows Become Neutral According to the latest weekly report from Glassnode, only around $20 million in net outflows are taking place in the BTC market right now. There are three…
Read MoreNew Features in Coinbase Crypto Wallet Protects Users Against Scammers
The need for consumer protection has recently increased, given the high occurrence of scams and hack incidents in the crypto space. As a result, even global regulators, governments of different countries, and crypto firms have been seeking ways to keep bad players from exploiting customers. In line with this, wallet providers have started tightening their…
Read MoreShiba Inu Metaverse Faces Decision
The Shiba Inu community is still eagerly awaiting the launch of the layer-2 technology Shibarium. While there are some hints and speculations that the launch date is scheduled for Valentine’s Day, February 14, there is no confirmed official launch date yet. With the launch coming soon, the SHIB Army currently has an important decision to…
Read More8 Of 10 High Net Worth Individuals Seek Guidance On Bitcoin
Institutional investors and high net worth (HNW) individuals’ adoption of crypto has dwindled because of the 2022 bear market. But before the start of the bear market, 2021 saw the rise of millionaires and institutional investors putting capital on the asset class. However, even though the market environment is hostile in the last half of…
Read MoreTop 5 AI Cryptos Worth Investing In This Year
There are numerous new cryptocurrencies that make use of the most recent advancements in artificial intelligence (AI) technology; however, only a select few of these AI-based cryptocurrencies are performing better in terms of their applicability and potential. AI cryptos are currencies that enable blockchain systems for artificial intelligence. To use the platforms and reap the…
Read MoreXRP Lawyer Scores Crucial Victory For Ripple And Crypto
Even though the legal battle between Ripple and the U.S. Securities and Exchange Commission was not heard yesterday, Ripple, XRP, and the entire crypto industry won an important partial victory in its fight against the SEC’s overreaching regulation by enforcement, thanks to attorney John E. Deaton. In yesterday’s appeal hearing, the SEC sought an affirmation…
Read MoreWhy Binance Opened 90% Of Accounts Closed For Investigation
Following the collapse of the crypto exchange FTX, most global regulators intensified their watch on crypto-related activities and platforms like Binance. As a result, some have opened investigations on most of the crypto industry’s prominent crypto exchanges and trading platforms. Crypto exchange Bitzlato has been under investigation by the United States Department of Justice (DoJ).…
Read MoreBitcoin Soars in Nigeria as Government Promotes Digital Cash
Bitcoin (BTC) has seen an exponential increase in demand in Nigeria as the country’s central bank encourages the population to switch to digital cash. As a result, the price of Bitcoin has escalated tremendously above global market levels. The cost of one Bitcoin on Nigeria’s Crypto exchange NairaEx is currently trading at around 17.6 million…
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