Day: January 17, 2023

BTC Price Up Above $21,000 as Bitcoin Halving Is 435 Days Away

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Analysts expect 2023 to be a “recovery year” for Bitcoin as the next Bitcoin halving event is 435 from now. The world’s largest cryptocurrency Bitcoin (BTC) made a sharp recovery over the weekend with its price surging past $21,000 levels. Currently, BTC is trading at a price of $21,169 and a market cap of $407 billion. It has been the 12 consecutive days of gains for BTC marking its longest winning streak in over two years. With the recent move, Bitcoin has also extended its weekly gains to more than…

Seoul Government Launches Metaverse City for Its Citizens

More than 17% of the South Korean population is over sixty-five years old as of the data generated in 2022, and hence, providing vital information via the Metaverse seems to be a very natural course of action. The Seoul Metropolitan Government has revealed its Metaverse Seoul project, which enables citizens of the South Korean capital to avail of city services in the digital ecosystem. In an announcement on January 16, Seoul Mayor Oh Se-hoon explained that the inauguration of the initial phase of Metaverse Seoul followed a beta investigation of…

Bitcoin 25% Climb Signals Recovery In Crypto Market

After a strong week for bitcoin (BTC) and many other leading cryptocurrencies, traders are now on the lookout for indicators of what could spark the next bull run. After being battered by losses for the majority of 2022, bitcoin and other cryptocurrencies are on the rise in 2023, leading to predictions that the so-called crypto winter has thawed. Bitcoin has begun the new year on a bright note. On Saturday, Bitcoin surpassed $21,000 for the first time in 60 days. At the time of writing, BTC is trading at $21,090,…

SkyBridge Capital Founder Anthony Scaramucci Reflects on SBF’s Betrayal

Scaramucci revealed that the perception of SBF’s character has changed remarkably. Anthony Scaramucci, the founder and Managing Partner at SkyBridge Capital, has shared further details on his relationship with Sam Bankman-Fried (SBF), the founder of the now-bankrupt cryptocurrency trading platform, FTX Derivatives Exchange. SkyBridge Capital was one of the first backers of the trading firm, and also one of the most hit venture capital firms when the platform imploded last year. Anthony Scaramucci, a respected figure in the investment world and in the blockchain ecosystem said the collapse of FTX…

Crypto Is Down, but Not Out

Eight months, numerous bankruptcies and a major collapse later, the industry is still present in Davos, Switzerland, but with a more subdued presence. The Promenade – the road outside the main Congress Centre – still has a number of crypto companies advertising or operating “houses,” the lounges, meeting rooms or event stages meant to introduce Davos attendees to their projects. Source

Monex Indicates Interest in FTX Japan

Even as there is no solid evidence of bidding for FTX Japan, Monex is taking the position to expand its horizon and push to the top of the table. As FTX battles with its bankruptcy proceedings, one of the four assets it put on sale, FTX Japan, has caught the interest of Tokyo-based financial services company Monex Group. Although it is established that Monex is interested in FTX Japan, there is no assurance of bidding for the bankrupt company. Monex CEO Reveals Company’s Interest in FTX Japan The matter was revealed by…

BNB Chain Burns Over $500M in BNB Tokens

Token burn refers to the process of permanent deletion of coins from their circulating supply. Over 100 million BNB, or half of its total supply, are intended to be removed from circulation through a burning process and to eventually keep only 100 million BNB in circulation. This commitment is automatically honored each quarter and calculated according to the Auto-Burn formula, as previously reported. Source

Crypto Whitehat Platform Immunefi Banned 15 ChatGPT-Generated Bug Reports. Here’s Why

“There’s a difference between something like GitHub Copilot and ChatGPT. With the former, you are driving the process, and the role of Copilot is offering useful suggestions in context, which you accept or reject as you write your program,” Immunefi told CoinDesk in a Twitter message. “With the latter, you are using a single prompt to generate something that looks like a well-written bug report, but is nonsense when analyzed further.” Source

Newly Launched Binance Mirror to Provide Off-exchange Settlement Solution

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Major cryptocurrency exchange Binance has recently announced the release of Binance Mirror, an off-exchange settlement option for institutional clients, under its custody company. Institutional investors can practically lock collateral by linking their approved cold wallet to Binance Custody. The assets from their cold wallet will then be mirrored on their Binance exchange account, hence the name “Binance Mirror.” As long as the mirror position is open on the Binance exchange, which can be resolved at any time, Binance stresses that the assets in the cold storage will be kept secure.…