Day: January 27, 2022

Wonderland Rattled After Co-Founder Tied to Failed QuadrigaCX Exchange

Wonderland’s TIME tokens fell 32% in European hours after blockchain sleuths revealed “Sifu,” a core member of the founding team, is allegedly a long-time serial scammer, with a conviction and deportation on his record. He was also the co-founder of QuadrigaCX, a failed Canadian cryptocurrency exchange. Avalanche-based Wonderland has been among the most popular crypto protocols in recent months, with community members referring to themselves as the “Frog Nation.” The protocol locked up billions of dollars of investor funds at its peak, but confidence was rattled among investors Thursday morning.…

Bitcoin, Ether Traders Lose $200M to Liquidations in Choppy Market

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“Digital assets, including bitcoin, tend to become more correlated with stocks during stress periods when most of the investment markets go risk-off,” said Mikkel Morch, director at crypto hedge fund ARK36, in a note to CoinDesk. “Unsurprisingly, then, the crypto markets moved almost in tandem with the stock market following Fed’s Chair Jerome Powell’s press conference in the aftermath of this month’s FOMC meeting.” The Federal Open Market Committee (FOMC) meets eight times a year to discuss monetary policy changes and review economic and financial conditions. Original

Bitcoin dips 8% from highs as trader demands BTC bulls reclaim $37.5K

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Bitcoin (BTC) climbed down from multi-day highs on Jan. 27 as the aftermath of the latest United States Federal Reserve meeting saw bulls taper their enthusiasm. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin disappoints below $37,500 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD walking back some of its gains, which had topped out at $38,950 on Bitstamp. The pair then refocused on $36,000, the level near which it was trading at the time of writing. As momentum gathered pace, market commentators began hoping for a stronger weekly close,…

US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors – Regulation Bitcoin News

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A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money from customers but did not provide them with the agreed-upon bitcoin. Fraudulent Bitcoin Seller Going to Jail The U.S. Department of Justice (DOJ) announced last week that Michael Yusko has been sentenced to one year and one day in prison “for defrauding customers through unlicensed bitcoin business.” The 47-year-old resident of New Orleans sold bitcoin and other cryptocurrencies…

Solana, Avalanche Post Biggest Declines After Hawkish Fed Outlook

The slight recovery in the crypto markets this week all but retracted as major cryptocurrencies dipped up to 7% in the past 24 hours amid a hawkish U.S. Federal Reserve (Fed) outlook to cut back on inflation. In a Wednesday meeting, Fed Chairman Jerome Powell said the agency was ready to raise interest rates in March and could even hike rates “at every meeting” to tackle concerns of inflation after a record asset-buying program. Seven more meetings are scheduled for this year. Asian markets were spooked on Thursday. Hong Kong’s…

SEC reportedly probing crypto lending products by Gemini and Celsius

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The United States Securities and Exchange Commission is reportedly reviewing some of the high-yield crypto lending products offered by Gemini, Celsius Network and Voyager Digital. According to a report published on Bloomberg, the SEC is conducting an inquiry into digital asset lending services. The main focus of the inquiry is reportedly around whether the crypto lending services could be considered securities and, therefore, must be registered with the commission.  Gemini and Celsius did not immediately respond to Cointelegraph’s request for comment. The SEC’s main concern reportedly lies with the high-yield offering…

Bitcoin to Remain Choppy as 'Fed Put' Expires: Analysts

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Bitcoin’s near-term prospects look bleak after the U.S. Federal Reserve set the stage for a more aggressive withdrawal of liquidity, weakening market confidence in the so-called Fed put – a notion that the central bank will come to the rescue if assets tumble. On Wednesday, the Fed pointed to the U.S. economy’s underlying strength and inflation’s stickiness, and reaffirmed plans to end the bond-purchase program in March. It also hinted at a potential interest-rate increase in the same month. Before the event, crypto followers on Twitter were expecting Fed Chairman…

ما هو التعدين mining ؟ وماهي العملات الرقمية وايه علاقتهم بالبيتكوين Bitcoin وكروت الشاشة

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io في حلقة انهاردة هنجاوبلكم أخيراً على اسألة كتيرة كنتم عايزين تعرفوها، في حلقة انهارده هنتكلم عن ايه هو البيتكوين #Bitcoin، ايه هي العملات الرقمية #Cryptocurrency وما هو التعدين او الـ #mining واي علاقته بالبيتكوين والعملات الرقمية بشكل عام وليه الموضوع ده مسبب خوف من جانب الحكومات وايه …علاقته بارتفاع اسعار كروت الشاشة واكتر 0:00 المقدمة 1:18 يعني ايه Cryptocurrency 2:07 ما هو البلوك تشين Blockchain 3:28 ايه علاقة البلوك تشين والعملات الافتراضية بالتعدين 3:51 ما هو التعدين mining 6:01 كيف تتم عملية…

Cardano (ADA) vs. Ethereum (ETH) – Here’s What Crypto Exchange Kraken Says

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The crypto exchange Kraken is breaking down the differences between Ethereum (ETH) and Cardano (ADA). The exchange notes in a blog post that both competing smart contract platforms provide similar offerings but have “different philosophies.” Kraken highlights that Cardano emphasizes a “research-driven approach to design,” while Ethereum was built to “be a kind of operating system for any number of custom assets and programs.” Explains the exchange, “While Cardano may not promise new ground-breaking features, users and developers may find its cryptocurrency offers appealing optimizations based on scientific research and…