Bitcoin price gains take a hit from a rising U.S. dollar as excitement over the Fed's rate hike and market commentary fades. Bitcoin (BTC) headed toward $23,000 on Feb. 3 after a night of losses erased bulls’ latest progress.BTC/USD 1-hour candle chart (Bitstamp). Source: […]

The billionaire has historically gone back and forth between having positive and negative sentiments around Bitcoin. While billionaire Ray Dalio believes that fiat is in jeopardy, he also thinks that neither Bitcoin (BTC) nor stablecoins are the answer. In response, crypto […]

Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s […]

The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the marketplace, Knownorigin, which it acquired in June 2022. […]

Scammers have been trying to trick customers by offering them the prospective return of their assets. Bankrupt crypto exchange FTX has acknowledged a recent spate of third-party scams and frauds aimed at swindling its already-embattled customers.On Feb. 3, FTX issued an alert to […]

Users are posting massive files to the Bitcoin network via the Ordinals protocol, taking up block space and paying high fees to do so. Bitcoin Ordinals causes fees to spikeThe Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and in the […]

A company spokesman says the second-biggest publicly listed holder of BTC wants to have a “war chest” of liquidity composed of both cash and Bitcoin. The second largest publicly-listed holder of Bitcoin, crypto mining firm Marathon Digital Holdings has offloaded some of its […]

The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022. The Australian government is bolstering its market regulator’s digital asset team as part of a “multi-stage approach” aimed at clamping down on crypto and […]

A U.S. district judge has dismissed a lawsuit against Coinbase and its CEO Brian Armstrong filed by customers of the crypto exchange. The lawsuit alleges that Coinbase sold 79 crypto tokens that are unregistered securities. Customer Lawsuit Against Coinbase Dismissed A proposed class action lawsuit […]

Plaintiff Don Holland has filed a lawsuit against CryptoZoo and Logan Paul, alleging the YouTube influencer’s “fraudulent venture” executed a “rug pull.” CryptoZoo and Logan Paul have been named as defendants in a newly filed class-action lawsuit, which alleges they […]

The crypto bank hasn’t been accused of wrongdoing, but prosecutors want to see how deep the dealings between the crypto bank and FTX went. Crypto bank Silvergate is reportedly being probed by the United States Department of Justice fraud unit over its involvement with the […]

Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has urged the U.S. government to ban cryptocurrencies like China has done. “A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly […]

For cryptocurrency to achieve mass adoption, breaches that can be easily prevented — like the phishing attack that resulted in OpenSea losing $1.7 million — need to end. In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in […]

Indonesia’s financial services regulator had hoped to set up the crypto exchange by the end of 2022, but this was delayed by a number of obstacles. Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year, six months after […]

The company also booked a loss of $34 million on its first-ever Bitcoin sale last quarter but said it was conducted to harvest a tax loss. Software analytics company MicroStrategy recorded a paper loss of over a billion dollars on its Bitcoin (BTC) holdings in 2022 but says it […]

The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power. Billionaire investor Ray Dalio has described fiat currency as being in serious “jeopardy” as an effective […]

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has shared his view on why the prices of gold, silver, and bitcoin are rising higher. Noting that silver is cheap right now, Kiyosaki urged investors to buy a silver coin and start getting richer. Robert Kiyosaki Bullish […]

Okx, one of the largest cryptocurrency exchanges in the market, has announced the launch of its soccer-focused metaverse experience, called the “Okx Collective.” The immersive experience will include Jack Grealish, Rúben Dias, Ilkay Gündoğan, and Alex Greenwood, stars from Manchester City, […]

Our weekly roundup of news from East Asia curates the industry’s most important developments. Huawei moves to trademark its NFTs According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible […]

New York Attorney General and Commodity Futures Trading Commission probes into Tether in 2021 exposed its previously unknown ownership structure. Just four men controlled 86% of stablecoin issuer Tether Holdings Limited as of 2018, according to documents obtained by The Wall […]

A federal judge presiding over Avraham Eisenberg's criminal case has reportedly set a followup court date for Feb. 14. Lawyers representing a crypto user allegedly behind a $116 million exploit of decentralized exchange Mango Markets have consented to detention in the criminal […]

There were almost twice as many state actions as federal in 2022, although both the feds and the states broke previous record by significant margins. The number of crypto-related enforcement actions in the United States grew notably in 2022, according to a survey released by […]

The Fed’s interest hike matched the market consensus and weak employment data boosted investors’ appetite for risk assets, but BTC traders should still exercise caution. On Feb. 1 and Feb 2. Bitcoin’s (BTC) price surpassed even the most bullish price projections after the […]

USDC issuer Circle Inc. previously released a euro-backed stablecoin that is regulated in the United States. Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed […]

The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility with the Ethereum Virtual Machine (EVM). The Optimism […]

Professionals working in the Web3 space shared various ways and tools that can help users prevent NFT theft. In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost nonfungible tokens (NFTs) worth more than $1.1 million. Find out why an NFT collector is […]

The assets transferred to Alameda’s consolidation wallet are reportedly part of bankruptcy recovery efforts. Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, data from blockchain security firm […]

Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder to be included on-chain. […]

Fumio Kishida said there were “various possibilities for using Web3” in Japan and has previously supported blockchain-based initiatives for authorities using digital solutions. Fumio Kishida, the prime minister of Japan, has come out in support of blockchain as a potential […]

Absent shill and bullish newsflow, DOGE and SHIB have struggled to keep up with the wider crypto market rally that occurred in January. The memecoin phenomenon didn’t prove as effective in the last month’s crypto market rally, as the gains of the top cryptocurrencies in this […]

Wallets play a foundational role in crypto security and, depending on which option you choose, can often be the difference between keeping or losing funds in certain situations. Broadly speaking, there are two main types of crypto wallet you’ll need to consider Custodial. Non-custodial. Each… […]

After amassing $120 million in tokens through an infinite-minting glitch, hackers reportedly only cashed out around $1 million due to a lack of liquidity on BonqDAO. According to blockchain security firm CertiK, the damage caused to decentralized protocol BonqDAO on Feb. 1 may […]

The Kraken OTC desk is constantly exploring new ways to deliver a great trading experience to our clients. Our new, fast, reliable, and easy-to-use automated settlement service seamlessly integrates with our RFQ, providing access to automated trade quotes and instant settlement of executed trades, […]

ETH price is finding support at $1,560 and multiple data points are beginning to hint at a possible rally to $1,800 before the end of February. Ether (ETH) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in […]

The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back […]

PRESS RELEASE. FIO Protocol, the leading decentralized solution for global blockchain usability, has announced the launch of FIO Domain wrapping on the Polygon blockchain. Wrapping is the process of taking a token from one blockchain and making it available for use on another. This launch moves FIO […]

DeFi protocols have seen significant growth in total value locked in January, with Lido Finance leading the charge. Decentralized finance (DeFi) protocols experienced a boom in total value locked across different staking pools in January. The market hit $74.6 billion worth of […]

CCP officials want to see the e-CNY surpass $300 billion in transactions in 2023 through promotional efforts. Senior Communist Party officials in the Chinese city of Suzhou have reportedly set an ambitious new target for use of the country’s central bank digital currency, […]

Several Kraken employees will reportedly remain in the Middle East and North Africa, with regional managing director Benjamin Ampen likely to leave following the transition. Cryptocurrency exchange Kraken has closed its office in Abu Dhabi less than 12 months after receiving […]

Join us as we discuss BTC’s recent price rally coming on the heels of the latest United States Federal Reserve meeting. In this week’s episode of Market Talks, Cointelegraph welcomes Budd White, chief product officer and co-founder of Tacen, a United States-based software […]

Avalanche moved to its highest point since August, as the token rose by as much as 17% in today’s session. Cryptocurrencies surged across the board, following the latest Federal Reserve rate hike, with the global market cap 4.29% higher as of writing this. Polygon also hit a multi-month high on […]

With FTX’s ripple effect on market liquidity, Everlend is closing its doors and urging clients to withdraw funds. Solana decentralized finance (DeFi) protocol Everlend Finance is closing down its operations and urging clients to withdraw funds from the platform.The company […]

The price of AVAX has more than doubled in 2023, but a growing divergence between several key metrics hints at a bearish reversal ahead. Avalanche (AVAX) bulls should brace themselves for impact led by a growing divergence between several key indicators on the daily-timeframe […]

Businessman and author of the personal finance book “Rich Dad Poor Dad,” Robert Kiyosaki, has once again echoed his support … Continued The post ‘Rich Dad’ R.Kiyosaki outlines why Bitcoin is among the ‘hottest subjects on earth’ appeared first on Finbold.

Berkshire Hathaway (NYSE: BRK.A) Vice Chairman, Charlie Munger, has made headlines once again with his recent call for a federal … Continued The post Charlie Munger slams Bitcoin as ‘gambling,’ wants it banned in the U.S. appeared first on Finbold.

We’re thrilled to announce that we have added seven new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade.  After revealing dozens of NFT collections over the past few weeks, we carefully selected these new collections so you can… The post STATE OF THE […]

Aligned with the optimistic atmosphere in the cryptocurrency sector, Ethereum (ETH) has recorded a bullish rally which has slowed down … Continued The post Ethereum successfully breaks out of symmetrical triangle; $3,500 in the cards? appeared first on Finbold.

Merger and acquisition (M&A) transactions are a crucial aspect of the global business ecosystem, and the right financial advisor can … Continued The post 10 leading financial advisors accounted for $5.8 trillion of M&A deals value in 2022 appeared first on Finbold.

Despite the fact that the rally recorded by the cryptocurrency market and Bitcoin (BTC) since the year’s turn is slowing … Continued The post Bitcoin exhibits ‘macro bullish setup’ on monthly chart; Here’s what it means appeared first on Finbold.

An in-depth market research study has shed light on the most highly sought-after investment opportunities among European countries. The study … Continued The post Here are the top 5 most-Googled stocks in Europe today appeared first on Finbold.

As the blockchain and cryptocurrency sector continues to expand rapidly, new research has projected that the worldwide market size of … Continued The post Blockchain messaging apps market to be worth $500 million by 2030 – research appeared first on Finbold.

Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, has experienced solid growth alongside the broader crypto … Continued The post Machine learning algorithm sets Terra Classic (LUNC) price for February 28, 2023 appeared first on Finbold.

The cryptocurrency market continues to rally, building on its 2023 momentum, with various assets recording a significant surge in value. … Continued The post Top 10 cryptocurrencies by GitHub development activity as of February 2023 appeared first on Finbold.

As the Cardano (ADA) ecosystem continues to expand and advance despite occasional setbacks in the wider cryptocurrency market, its founder … Continued The post Charles Hoskinson open to discuss Cardano on Joe Rogan’s podcast appeared first on Finbold.

In an effort to lead the industry in trust and transparency on our mission to accelerate the adoption of cryptocurrency, we are excited to release our 2022 Transparency Report. The 2022 Transparency Report provides a summary of how we protect our clients’ privacy and financial… The post […]

Despite the success and mainstream popularity that the cryptocurrency sector and the flagship decentralized finance (DeFi) asset have achieved so … Continued The post This is how many times Bitcoin has been declared ‘dead’ in 2023 so far appeared first on Finbold.

<p>The average weekly inflows into digital asset-based investment products reached $36.8 million in January, which is the highest since the collapse of the once-leading crypto exchange, FTX, in November last year. The new height comes months after <a […]

We’re thrilled to announce that we have added seven new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade.  After revealing dozens of NFT collections over the past few weeks, we carefully selected these new collections so you can… The post White Hearts, […]

<p>Great Britain is preparing the ground for cryptocurrency regulation in the country in the future, the UK's government announced on Wednesday. Public consultation has been launched as the first step to prepare a draft law on regulating digital assets.</p><p>UK Starts Crypto […]

<p>On Tuesday, the federal court in Brooklyn sentenced John DeMarr to 60 months in prison for his role in a multi-million dollar cryptocurrency and <a href="https://www.financemagnates.com/forex/aviv-talmor-gets-4-years-in-prison-for-22-million-utrade-fraud/" target="_blank" […]

<p>The word narrative is overused in crypto, and it might elicit a roll of the eyes if uttered in dialogue with a committed Bitcoin maxi. It refers to a story, in this case about a coin, protocol or product, that will drive attention and attract buyers.</p><p> You could argue that […]

<p class="MsoNormal">Understanding what consensus mechanism are and what they do can be a difficult task for those not in touch with blockchain technology. </p><p class="MsoNormal">However, as you get involved with specific coins, you will certainly need to understand how things […]

Life is full of tradeoffs.  Oftentimes, maximizing one outcome can only be achieved by sacrificing another. Sometimes these tradeoffs are not exactly 1:1 tradeoffs, but part of a more complex relationship. What are some examples of a trilemma? Realtors might say: big house, great location,… The […]

Week #423

<p>Ruja Ignatova, the Founder and mastermind behind the OneCoin crypto fraud, allegedly resurfaced after vanishing for <a href="https://www.financemagnates.com/cryptocurrency/news/finnish-authorities-take-aim-onecoin-re-launching-investigation/" target="_blank" rel="follow">more than […]

<p>The Australian financial market regulator ASIC was suspicious about the activities of the local subsidiary of FTX from at least six months before the collapse of the <a href="https://www.financemagnates.com/terms/c/cryptocurrency-exchange/" class="terms__main-term" […]

<p>While still far from the kind of dizzying bull run that characterized 2021, NFTs have been enjoying an optimistic start to the year. There’s no froth, at the moment, and the atmosphere is relaxed, but there’s plenty of development, trades are happening, and some collections have seen […]

We’re thrilled to announce that we have added nine new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade.  After revealing dozens of NFT collections over the past few weeks, we carefully selected these new collections so you can… The post Scottie Pippen […]

Why Is Aptos Growing in January 2023? Aptos (APT) has been making headlines in the crypto space over the last week. The coin has rallied over 300% in just a few days, surpassing popular coins such as Solana (SOL), Ethereum (ETH), and even Bitcoin (BTC). Earlier, venture capital firm […]

We’re thrilled to announce that we have added eight new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade.  After revealing dozens of NFT collections over the past few weeks, we carefully selected these new collections so you can… The post KPR, Lil […]

<p>The second half of 2022 brought a visible slump in investments from VCs (venture capitalists) across all significant blockchain industry sectors, according to the newest report published by Cointelegraph Research.</p><p>Although the value of funding raised for the entire year […]

<p>The leading digital assets <a href="https://www.financemagnates.com/terms/e/exchange/" class="terms__main-term" id="b5da6e64-2afe-421d-9b81-16404b7d59d6" target="_blank">exchange</a> Coinbase has been slapped with a hefty $3.3 million fine by the Dutch central bank, De […]

<p class="MsoNormal">Crypto KYC has become far more commonplace in 2023. This is due to crypto companies becoming an increasingly significant element of the financial system, while terms like BTC, ETH, of NFTs have also become broadly known across the world.</p><p […]

<p>Luno, the digital assets <a href="https://www.financemagnates.com/terms/e/exchange/" class="terms__main-term" id="b5da6e64-2afe-421d-9b81-16404b7d59d6" target="_blank">exchange</a> based in London, announced a massive workforce reduction yesterday, feeling the harmful effects […]

VVS Finance, or Very Very Simple Finance, is an automated market maker (AMM) DEX and the largest project built on the Cronos blockchain, launched by Crypto.com in 2021. VVS facilitates liquidity pools, swaps, and staking and offers an intuitive UI aiming to drive global adoption of DeFi.  […]

<p>A Trojan Horse is an object that looks inviting or desirable but is used to smuggle in something hidden that the receiver wouldn’t otherwise have accepted.</p><p> In the world of crypto, Bitcoin’s price action has been referred to as a Trojan Horse. In this case, buyers are […]

A digital signature is a cryptographic method used to ensure the validity and integrity of digital data. We can think of it as a digital equivalent of a traditional handwritten signature, but with more complexity and security. Simply put, a digital signature is a code linked to a message or […]

<p>Bankrupt crypto lending platform, BlockFi has mistakenly uploaded uncensored financial information, revealing its exposure to $1.2 billion to the now-collapsed FTX and Alameda Research, <a […]

<p>Binance, the world’s biggest cryptocurrency exchange by trading volume, admitted to storing customers’ funds and the collateral of some of the tokens it issues by "mistake." </p><p>According to Bloomberg, Binance issued 94 Binance-peg tokens, also called ‘B-Tokens’. […]

Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange. Headquartered in Panama City, Panama, Deribit is one […]

<p>Japan intends to allow local investors to trade foreign stablecoins, such as USD Coin (USDC) or Tether (USDT), by the end of the second quarter of 2023 at the latest, The Financial Services Agency (<a href="https://www.financemagnates.com/tag/fsa/" target="_blank" […]

<p>Bitfinex, one of the leading crypto exchanges, has become the first client for Tap Global and its newest Cards-as-a-Service (CaaS) platform. With the latest B2B product, companies can offer their clients prepaid debit cards to enhance their offerings.</p><p>Tap Global Partners […]

<p>Gemini, the <a href="https://www.financemagnates.com/terms/c/cryptocurrency-exchange/" class="terms__main-term" id="601e2e5f-0c28-4253-9ad4-5e6b251ba2fa" target="_blank">cryptocurrency exchange</a> owned by the Winklevoss twin brothers, is set to reduce its workforce by a […]

<p class="MsoNormal">Tokenomics combined the words ‘token’ and ‘economics’ in reference to the token’s economics. </p><p class="MsoNormal">A crypto token is in its very essence a crypto coin that is based on a blockchain platform, and which can be exchanged with <a […]

<p>The New York State Department of Financial Services (NYDFS) released regulatory guidance on Monday, ordering all crypto companies to separate funds belonging to the customers and their own. The regulatory superintendent, Adrienne Harris, highlighted that the rules focus on protecting […]

Week #423

People always want to trade at the best price in a market as volatile as cryptocurrency. Choosing the best alternative after manually comparing the pricing provided by other DEXs is one approach to achieve this. However, it takes a long time to complete that process. In this article, let's learn […]

Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety of advantages to institutional traders including: […]

Nowadays, being connected and immersed in the digital world is part of everyday life. From hours of trawling through the internet, watching cat posts on Instagram or Ask Me Anything (AMA) Videos on YouTube, and stalking well-known celebrities' Facebook or Twitter accounts, we're all living our […]

Are you ready to take control of your crypto investments and make the most out of them, even during the crypto winter? Cryptocurrency investing can be stressful during market downturns, but understanding tax-loss harvesting may help you reach the next bull market safely! Tax-loss harvesting is a […]

More than 10 years have passed since the introduction of Bitcoin. During these years the segmented cyberpunk and cryptographic movements evolved into the Crypto community. Nowadays, the Crypto community has a prophet - Satoshi Nakamoto - symbols and slang - a specific language generated by crypto […]

Week #420

GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all Coinbase crypto assets to be wrapped in bankable […]

In the cryptocurrency market, prices alone can be a misleading indicator for evaluating a project’s true potential and value. Cryptocurrency prices may rise and fall dramatically based on factors such as changes in circulating supply, public enthusiasm, etc. This is why investors use market […]

The crypto industry is continuously gaining popularity due to such notable advantages over traditional money as decentralization, privacy, security, accessibility, fast transaction speed, low charges, and more. You might be engaging with cryptocurrencies as a vehicle for exchange or a store of […]

The crypto markets have been in turmoil lately since it reached its all-time high in 2021. Due to the bear market of 2022, Bitcoin price is down 70% from its November 2021 all-time high price of $69,000, and crypto investors worldwide have faced massive losses this year. Altcoins are no better, […]

Week #420

ThunderCore, a leading blockchain & web3 ecosystem announced today that they are making a new development push, partnering with new validators as the chain rolls out its new crypto staking model. The newest ThunderCore validators include the famous crypto-asset exchange Huobi and one of the […]

Week #420

Pods, creators of a DeFi platform, announced today that earlier this year, the team raised $5.6M in seed funding to create structured products for crypto-assets. The financing featured investors such as IOSG, Tomahawk, Republic, Framework Ventures, and more. The first strategy on Pods Yield is […]