• Bitcoin reached an all-time high above $23,000 in January 2021, pushing the total cryptocurrency market capitalization above $1 billion. • The bullish momentum was driven by positive CPI data, indicating a decrease in overall inflation, and a weakening US Dollar Index. • Analysts are optimistic about a possible new bull market, as Bitcoin prices … Read more
• Brett Harrison, former president of FTX US, revealed he left the crypto exchange due to a deteriorating relationship with Sam Bankman-Fried and his deputies over management practices. • Harrison detailed that SBF asked him to join FTX US “casually over text” in late March 2021 and his first few months at FTX US were … Read more
• LG Electronics is increasing their metaverse activities to bring Web3 and metaverse experiences to owners of its smart TVs. • The company is teaming up with the metaverse operator Oorbit to offer virtual concerts and AI-powered multiplayer games on the Auxworld platform. • LG is also allowing Blade Wallet users to buy and sell … Read more
• The Central Bank of the Republic of Turkey (CBRT) has successfully carried out the first trial of its CBDC, the Digital Turkish Lira. • Many countries are exploring the use of central bank digital currencies, with China, Hong Kong and Mainland China set to launch the first cross-border pilot project and Japan’s central bank … Read more
• Terra Luna Classic (LUNC) is an underperformer, down 5.5% in the last 24 hours and 20% from its weekly highs. • Its recent pullback suggests a near-term technical outlook may not be too great, but there is some reason to be optimistic and there may be a short-term rally back to its recent highs. … Read more
• Michael Saylor, the founder and former CEO of software firm MicroStrategy, recently purchased approximately 2,395 bitcoins for approximately $42.8 million. • The firm also sold some of its crypto assets over the past week for cash proceeds of approximately $11.8 million. • Following these transactions, MicroStrategy’s bitcoin holdings have increased from about 130,000 bitcoins … Read more
• Galaxy Digital, Michael Novogratz’s crypto-focused financial services firm, has bought Argo’s Helios Bitcoin (BTC) mining facility and provided an additional $35 million loan to help with restructuring efforts. • The cash proceeds from the sale will be used by Argo to repay existing debts and prepayment interest, and other fees of approximately $84 million … Read more
• Dan Berkovitz, General Counsel at the Securities and Exchange Commission, has stepped down amid reports that he had met and dined with disgraced FTX founder Sam Bankman-Fried. • The emails were initially obtained by the watchdog Protect the Public’s Trust, showing the SEC official had a warm relationship with SBF. • SBF was the … Read more
• A man named Avraham Eisenberg was arrested for attempting to steal around $110 million from the decentralized cryptocurrency exchange Mango Markets. • He allegedly manipulated the Mango native token MNGO to artificially inflate the price of the token, enabling him to borrow and withdraw $110 million worth of different cryptos. • Following talks with … Read more
•Republic of Palau is working with Ripple Labs to explore the possibility of developing a national stablecoin. •XRP is currently trading sharply lower near the 0.3576 level, and a break below that level may further exert bearish pressure. •Alternative coins like FightOut (FGHT) may offer investors better short-term investment opportunities. The global crypto market has … Read more