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Day: January 3, 2023
Orbeon Protocol (ORBN) Rapidly Selling Out of Presale, Can Solana (SOL) Keep Up?
Place/Date: – January 3rd, 2023 at 1:43 pm UTC · 3 min read Source: Orbeon Protocol Everyone knows that there has been a recent drop in the value of cryptocurrencies on the market. Prices have been falling steadily since the start of the year, and investor confidence is at an all-time low. The bright side is that viable choices are still accessible. Orbeon Protocol (ORBN) is one example of such a system. Orbeon protocol (ORBN) is in phase 3 of its presale yet its price has increased by 805% since…
Lawyers Argue that Plansof SBF to Plead Not Guilty May Not Be in His Best Interest
SBF remains under house arrest after posting a $250 million bail bond back in December. Sam Bankman-Fried (SBF) the embattled founder and former Chief Executive Officer of bankrupt FTX Exchange is set to appear in court today to start the criminal proceedings on his fraud charges where he is expected to plead not guilty. As reported by Reuters, his court session is set to commence by 2 p.m. EST (1900 GMT) before US District Judge Lewis Kaplan in Manhattan. From earlier reports, SBF is billed to enter into a not-guilty…
Gold Price Climbs to Six-Month High as Analysts Anticipate Further Growth in 2023
Gold price is on a steady rise, and analysts opine it could further benefit from a string of 2023 fiscal policies. The price of gold has surged to a six-month high, even as analysts predict it will rise further as 2023 begins. In the early hours of Tuesday, spot gold peaked just shy of $1,850 per troy ounce. However, the precious metal eventually eased off to trade at $1,834 per ounce late morning in Europe. Meanwhile, US gold futures were trading up 0.72% at $1,839.40 by 6 am Eastern Time. Gold…
First Mover Americas: Legal Troubles Brewing at Digital Currency Group
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 3, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Bahamas-FTX Dispute Heats Up as Bankman-Fried Prepares for Trial
FTX says any information shared with counterparts in the Bahamas would be abused, and that the Bahamian government and liquidators “colluded” with FTX founders Bankman-Fried and Gary Wang, who, in Ray’s words, left the company “more closely resembling a crime scene than an operating business.” Source
Bitcoin Miner Stronghold Continues Debt Restructuring With Convertible Preferred Share Issuance
The preferred shares will be convertible into common stock at a conversion price of $0.40 per share. If all the preferred stock is converted, about 57.8 million shares of common shares would be issued, adding about 46% to the current common float, according to the company. The new preferred stock bears no dividend. Source
Heatbit Is the First Space Heater That Mines Bitcoin, Founder Says
That heat, according to the official Heatbit site, is enough to warm 500 square feet of space. The kicker is, if you run the heater 24 hours a day at a bitcoin price of $20,000, the device will put $30 back into your pocket every month to help cover your electricity bill. Given energy prices’ increase over the past year, that capability may offer consumers some incentive. Source BitcoinFounderHeatbitHeaterMinesSpace CryptoX Portal
Ukrainian pharmacies enable crypto payments via Binance Pay
Pharmacies in Ukraine are embracing digital payments amid the ongoing war, with a major local pharmacy chain enabling payments in cryptocurrencies like Bitcoin (BTC). ANC Pharmacy, one of the biggest pharmacy chains in Ukraine, has partnered with Binance Ukraine to debut cryptocurrency payments via contactless crypto payment service Binance Pay. Starting from Jan. 3, ANC Pharmacy enabled its customers to proceed with instant payments while purchasing pharmacy products online, the pharmacy chain officially announced on Tuesday. ANC Pharmacy operates more than 1,000 pharmacies across Ukraine, running its own online pharmacy…
Moroccan Central Bank to Release Crypto Regulatory Bill ‘in the Following Days’
For finalizing the bill, BAM collaborated with the International Monetary Fund and the World Bank. After a series of numerous discussions, Morocco is ready for introducing its crypto regulatory bill. According to the Governor of Moroccan Central Bank, Bank Al-Maghrib (BAM), Abdellatif Jouahiri, the country might see the release of the final crypto bill “in the following days.” Abdellatif Jouahiri stated: “For cryptocurrencies, I can assure you that the project is ready. We worked with the World Bank and the consultant to make it happen. The different chapters are completed.…