Bitcoin continued to hover around the $23,000 level on Jan. 23, as bullish sentiment remained high in markets. Over the weekend the world’s largest cryptocurrency rose to its strongest level since August, with bulls moving to consolidate these gains. Ethereum also traded in the green today, remaining above $1,600 in the process. Bitcoin Bitcoin (BTC)
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Amid bullish action on cryptocurrency markets, Bitcoin (BTC) mining firm Argo Blockchain has regained stock listing compliance with Nasdaq. Argo officially announced on Jan. 23 that the company regained compliance with Nasdaq’s minimum bid price rule amid the share price recovery. The Nasdaq stock market listing qualifications department has informed Argo that it successfully met
press release PRESS RELEASE. OpenOcean, a leading Web 3 middleware developer and DEX Aggregator across 19 chains, backed by top investors – Binance Labs, CMS, Altonomy, and more – has integrated with the recently released Verse DEX, Bitcoin.com’s decentralized exchange (DEX), to provide easier, cheaper and faster access to low-cost and gas-efficient swaps on OpenOcean’s
Satya Nadella, CEO of Microsoft, has given his opinion about the metaverse and the impact that the tech might have in the future. In a conversation with Klaus Schwab, chairman of the World Economic Forum (WEF), Nadella stated that the sense of presence achieved while interacting using metaverse tech is “game-changing.” Microsoft’s Satya Nadella Talks
Cathie Wood’s Ark Invest offloaded a chunk of its Grayscale Bitcoin Trust (GBTC) shares since November’s Bitcoin (BTC) price lows, the latest data shows. Cathie Wood’s Ark short-term cautious on GBTC Ark Invest added 450,272 GBTC shares worth $4.5 million to its ARK Next Generation Internet ETF (ARKW) in November 2022. At the time, GBTC was trading
As Brazil and Argentina started preparatory work for a potential common currency, Coinbase CEO Brian Armstrong floated the idea of the two countries moving to Bitcoin (BTC). This sparked various discussions over the viability of BTC as a national currency. On Jan. 22, the two South American countries announced their preparations to discuss a plan
Bitcoin (BTC) starts the last week of January in fine form after sealing its highest weekly close in five months. Despite opposition, the largest cryptocurrency is holding on to its newfound strength and continues to surprise market participants. This is no mean feat — market sentiment has plenty to spook it and initiate a rethink
The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital assets in foreign trade. Company Behind China’s Blockchain Push Aims to Make Stablecoins and State Coins Interoperable Hong Kong-based Red
The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat deposits in order to experiment with these in payment applications, increasing their transparency. Bank of
While Bitcoin (BTC) has experienced a strong price pump to kick off the new year, many industry pundits are not convinced the cryptocurrency will continue its upward trajectory — at least in the short to mid-term. The impressive price surge — which saw BTC experience 14 days of consecutive price increases earlier this month —
Philippine authorities say that they have rescued alleged victims of a “crypto trafficking ring” who were recruited to work in a call center in Cambodia and scam people out of their cryptocurrencies. The authorities are also investigating government employees who may have assisted crypto trafficking syndicates. Alleged Victims of ‘Crypto Trafficking Ring’ Rescued The Philippine
The Federal Bureau of Investigation (FBI) says it has seized bitcoin worth millions of dollars from overseas scammers targeting the elderly. The scammers posed as members of U.S. law enforcement agencies and tricked the victims into transferring money to them for “safekeeping.” FBI Says It Has Seized Bitcoin From Scammers Overseas The U.S. Attorney for
The U.S. Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and the Department of Justice (DOJ) have charged an alleged attacker who stole $116 million from crypto trading platform Mango Markets. The defendant has been arrested and is currently detained in Puerto Rico. Mango Markets Manipulator Arrested, Detained The U.S. Securities and
This week Bitcoin (BTC) rallied to a 2023 high at $23,100 and the move followed a notable recovery in traditional markets, especially the tech-heavy Nasdaq Composite Index, which gained 2.9% on Jan. 20. Economic data continues to boost investors’ hope that the United States Federal Reserve will reduce the pace and length of interest rate
After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project’s native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days.
Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February. Bank Working With Binance Sets $100,000 Transaction Minimum for Crypto Traders
Closing out the third week of January 2023, non-fungible token (NFT) assets saw a 16.39% increase in overall sales. 320,580 buyers participated in the NFT market action this past week, an increase of 43.48% compared to the week prior. $256.69 million in NFT sales were recorded over the last seven days, with $206.06 million being
After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset dashboards is debatable, they do provide some insight into the large sums of cryptocurrency held in custody by
“The Price of Tomorrow” author Jeff Booth has warned of a “great depression on steroids” if the U.S. Federal Reserve keeps hiking interest rates, while buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu. In other news, former FTX US president
The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a report. Ukrainian Financial Authorities Target Russian Crypto Exchange Websites and Wallets The State Financial Monitoring Service (SFMS),
