Day: January 10, 2023

5 signs that an altcoin bull run could be underway

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While 2022 ended on a grim note with macro headwinds providing little hope of a revival in 2023, the start of a new year has surprised bears with a surge in Bitcoin (BTC), Ether (ETH) and altcoin prices. The period of sparse volatility in the crypto market appears to be ending with a breakout to the upside. The increase has been particularly striking in some altcoins such as Lido (LIDO), Solana (SOL), and Cardano (ADA). The primary factors promoting the spike in these coins are the upcoming Ethereum Shanghai update…

XT.COM Lists GYMNET in Its Main Zone

Place/Date: Singapore – January 10th, 2023 at 7:44 pm UTC · 3 min read Source: XT.COM XT.COM, the world’s first socially infused trading platform, is thrilled to announce the listing of GYMNET on its platform in the main zone, and the GYMNET/BNB trading pair will be open for trading from 2023-01-10 08:00 (UTC). Users can deposit GYMNET for trading at 2023-01-09 08:00(UTC). Withdrawals for GYMNET will open at 2023-01-11 08:00 (UTC). About Gym Street (GYMNET) Gym Street (GYMNET) is a BEP20 token deployed on the BSC blockchain with a max…

US lawmakers call on court to approve ‘independent examiner’ in FTX bankruptcy case

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A group of four United States senators have criticized one of the law firms involved in the bankruptcy case of crypto exchange FTX for conflicts of interest. In a Jan. 9 letter to Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware, Senators John Hickenlooper, Thom Tillis, Elizabeth Warren, and Cynthia Lummis — a bipartisan group — called on the judge to approve a motion appointing an independent examiner into FTX’s activities prior to its collapse in November. The U.S. lawmakers said Sullivan & Cromwell, the…

Art Blocks Friendship Bracelet NFT Collection Takes Top Spot on OpenSea

Following the claim period, the collection quickly shot to the top of the leaderboard on secondary marketplace OpenSea. As of Tuesday afternoon, the collection had the highest 24-hour trading volume on OpenSea at 996 ETH (over $1.3 million) and amassed a total trading volume of 7,437 ETH (about $9.9 million). At the time of writing, the floor price hovered around of 0.62 ETH, roughly $830. Source

A Binance Stablecoin Wasn’t Always Fully Backed: Bloomberg

The resiliency of stablecoins and whether they’re backed by a reliable pile of money is a contentious one in the cryptocurrency industry. Stablecoins are meant to closely track the value of something else, often the U.S. dollar. So if investors have put, say, $10 billion into a stablecoin, there should, in theory, be $10 billion sitting somewhere to back it up. The largest stablecoin, Tether’s USDT, has been dogged for years by concern that it has not been fully backed. In 2021, Tether was forced to pay $18.5 million in…

Yearn​.finance opens vault deployment access to all users

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Decentralized yield protocol Yearn.finance said in a Jan. 9 tweet that all users can now create sophisticated Permissionless Vault Factories on its platform. The current version of Vault Factory works with stablecoin-swapping platform Curve Finance and its liquidity provider (LP) tokens and features three premade yield strategies. “Our new Permissionless Vault Factory lets anyone deploy an auto-compounding yVault for any Curve pool with an active liquidity gauge. Yes, anyone. Factory-deployed vaults have no management fees and a flat 10% performance fee. Nice!” Cast your vote now! As told by Yearn.finance,…

Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO Resignation – Bitcoin News

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Gemini CEO Cameron Winklevoss has published another open letter on Twitter, addressed to the board members of Digital Currency Group (DCG). In the letter, Winklevoss accuses DCG and CEO Barry Silbert of making poor decisions with the now-defunct crypto hedge fund Three Arrows Capital (3AC), and claims that DCG orchestrated a “campaign of lies” in order to deceive Gemini and Earn users into thinking everything was fine. Winklevoss is demanding that the DCG board remove Silbert from his role as CEO, as Gemini believes “there is no path forward” with…