Crypto markets are taking a beating but there are still a few standout performers even during this week’s volatility. One sector that has managed to rise above the noise are NFT-related altcoins and GameFi tokens. Top gainers in the collectible and NFT sector. Source: CoinMarketCap Data from Cryptox Markets Pro and CoinMarket Cap shows that three notable gainers over the past 48-hours were Voxies (VOXEL), Smooth Love Potion (SLP) and MyNeighborAlice (ALICE). Voxie Tactics launches its marketplace VOXEL is the native utility currency of Voxie Tactics, a free-to-play, 3-dimensional, role-playing…
Month: February 2022
IRA Financial ‘Swatted’ at Time of $36M Crypto Hack, Police Officer Tells Victim
“What we were then informed of was that once the employees returned to their desks, after, like, while this ‘robbery’ was taking place or whatever, once they got back to their desks, they all found that customers’ accounts had been hacked into and that money was actively being taken at that time,” the officer said in the voicemail. He did not immediately respond to a request for comment from CoinDesk. Source
Block Tops Q4 Estimates, Posts Nearly $2B in Bitcoin Transactions
Of the $220 million of bitcoin put on the company balance sheet in late 2020 and early 2021, Block didn’t book an impairment loss in Q4, leaving the full year impairment charge at $71 million, and carrying value at $149 million. As of year’s end, the fair value of the bitcoin investment was $371 million, or $222 million greater than the carrying value. Source
Chainalysis Study Shows ‘Criminal Whales’ Hold $25B in Digital Assets, Entities Represent 3.7% of All Crypto Whales – Bitcoin News
According to research published by Chainalysis, criminal entities hold more than $25 billion in cryptocurrencies. The blockchain intelligence firm’s study shows that there was a significant increase in crypto balances held by criminals in 2021 as the metric jumped by 266% since the year before. Chainalysis Studies Crypto Whales Holding Balances Tied to Illicit Addresses The blockchain surveillance company Chainalysis published a study that indicates $25 billion in digital assets is currently held by criminals. Despite the significant law enforcement seizures last year, the billions of dollars in crypto held…
Ukraine’s Wealthy Finding It Hard to Buy Crypto Amid Geopolitical Tension
CryptoX – Cryptocurrency Analysis and News Portal Wealthy Ukrainians, at least those who have not fled the country, are looking to cryptocurrencies as a safe haven for their assets as the Russian-Ukraine conflict heats up. However, there’s a limited supply of Tether’s USDT dollar-linked stablecoins, and that limit has pushed up the exchange rate to a sizable premium. Source The post Ukraine’s Wealthy Finding It Hard to Buy Crypto Amid Geopolitical Tension appeared first on CryptoX. CryptoX Portal
Crypto News Today | Cryptocurrency Market Crash Latest Update | Bitcoin, Shiba Inu Price Prediction
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BitMEX Founders Arthur Hayes, Ben Delo Plead Guilty to Violating US Law
Taylor Bossung, a spokesperson for BitMEX, said, “We are aware of developments in the DOJ case but will not be commenting on an ongoing legal matter to which no BitMEX entity is a party. It’s business as usual, all funds are safe, and there is no impact to the functionality of the platform including deposits and withdrawals.” Source
Crypto could bypass President Biden’s ‘devastating’ sanctions on Russian banks and elites: Report
The sanctions announced by United States President Joe Biden in response to Russia’s attack on Ukraine did not include cutting the country off from payments on the SWIFT system or cryptocurrency transfers. In a Thursday announcement from the White House, Biden said the U.S. and its allies and partners would be enforcing sanctions aimed at imposing “devastating costs” on Russia due to “Putin’s war of choice against Ukraine.” The U.S. president announced that the country would sever its financial system from Russia’s largest bank, Sberbank, as well as impose “full…
Plenty of Money and No One to Pay: Crypto Teams at ETHDenver Face Hiring Crunch
Recruiters at ETHDenver say a shortage of developer talent is inflating salaries and brewing up competition in the industry building Web 3. Source
Vital Trading Levels To Follow
The broader crypto market jolted hard owing to the tension between Russia and Ukraine. Uniswap broke below its crucial support level and was priced at $8.32. Bitcoin slid off its charts at press time, after noting a 9% depreciation. The crypto market had barely recovered from the December crash. With the Russia and Ukraine tension intensifying most altcoins have again lost much of their strength. Uniswap for instance at the current price level flashed a yearly low too. Uniswap had registered an all-time high of $45 in the month of…