Day: January 9, 2023

Cosmos (ATOM) Jumps Over 12% In One Day As Market Recovers

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Cosmos traded in a highly volatile crypto market in 2022, but 2023 is showing signs of recovery. CoinMarketCap shows that the global crypto market cap has increased in 24 hours. The trading volume of cryptocurrencies in the market has also increased within 24 hours. This data proves that there is still much global interest in cryptocurrencies. According to a poll conducted on Twitter, 53.8 % of participants see the early part of 2023 to be bullish. In contrast, 46.2% predict a bearish market trend for early 2023. However, Twitter user Neon…

CoinDesk Research’s 2022 Annual Crypto Review

And of course, any discussion of crypto in 2022 would be incomplete without discussing our first proper Crypto Credit Crisis, which began with a glut of crypto lenders promising yield to customers in exchange for deposits and culminated with the arrest in the Bahamas and extradition to the U.S. of FTX and Alameda Research founder Sam Bankman-Fried (SBF). It was years in the making and it’s hardly the first credit crisis in financial history, but this one is definitively crypto’s. Source

New York-based bank exits crypto after tumultuous year

The last year proved to be another turbulent year for the crypto industry. From a lasting market downturn and exploits in decentralized finance (DeFi) to the FTX scandal, no area was left unscathed. For some, the happenings in the space proved unsustainable for business. The Metropolitan Bank Holding Corp, the holding company for New York-based Metropolitan Commercial Bank (MCB), announced it is completely exiting its crypto-assets vertical. In its statement, the corporation said its decision “reflects recent developments in the crypto-asset industry,” along with changes in the regulatory landscape in…

Former FTX US Boss Promises to Share Insight on Exchange’s Operations

The former FTX boss said he will share details about what he knows of the exchange “in time”. Brett Harrison, the former President of the United States offshoot of the now-bankrupt FTX Derivatives Exchange has promised to share additional details about the operations of the trading platform. Harrison revealed this via his Twitter handle in response to a user’s comment on his earlier tweet. Harrison earlier demanded to know why tech startups around today do not do what American retail giant, Amazon.com Inc (NASDAQ: AMZN) did by going public in…

Exploited Nomad Bridge Wallet Transfers $1.5M to Tornado Cash

As the team behind Nomad Bridge works on relaunching the platform, a fresh movement of 1200 ETH has been noticed from one of the wallet addresses linked to the hack. A wallet address belonging to Nomad Bridge, which faced a $190 million exploit last week, has recently moved a total of $1.57 million in ETH to the banned crypto mixer Tornado Cash. As per the PeckShield data, attackers of the cross-chain interoperability protocol transferred 1,205 ETH (about $1.5 million) to Tornado Cash. #PeckShieldAlert @nomadxyz_ bridge exploit related address has transferred…

German regulator warns of new banking and crypto malware ‘Godfather’

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Financial authorities in Germany are raising the alarm amid the rapid spread of a new financial malware affecting banking and cryptocurrency applications. Germany’s Federal Financial Supervisory Authority (BaFin) released an official statement on Jan. 9, warning consumers of “Godfather,” a malware collecting user data in banking and crypto apps. BaFin emphasized that the new virus is targeting about 400 banking and crypto apps, including those operating in Germany. Godfather malware attacks users by displaying fake websites of regular banking and crypto apps, stealing their login data. According to the regulator,…

Ripple (XRP) Related Flare Network Airdrop: FLR dumps by 70%

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In late 2020, the Flare Network attracted a lot of attention in the Ripple (XRP) community. The creators wanted to open up the DeFi space for Ripple and announced an airdrop of Flare (FLR) tokens for all XRP holders. However, holders of XRP had to be patient for a long time. The launch was postponed several times. But today is finally the day: at 6:59 p.m. EST, the distribution of FLR tokens will take place. The FLR Token Distribution event is just 24 hours away. Join the #Flare team and…

BTC Climbs Back Above $17K, Hitting 3-Week High – Market Updates Bitcoin News

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Bitcoin rose to a three-week high on Jan. 9, as prices surged beyond the $17,000 mark to start the week. The move comes days ahead of the upcoming U.S. inflation figures, and as traders continue to react to Friday’s nonfarm payrolls (NFP). Ethereum was also higher, rising to a multi-week high in the process. Bitcoin Bitcoin (BTC) moved above the $17,000 level to start the week, as markets shifted their focus to this week’s U.S. inflation report. Following a low of $16,928.18 on Sunday, BTC/USD surged to a peak of…