Day: January 18, 2023

Ethereum Based Frax Finance (FXS) Is Up 64%, Still Upside?

boss

In the last seven days, the Ethereum-based project Frax Finance is the second biggest winner within the top 100 cryptocurrencies by market cap. With a price increase of 64%, the FXS token is only behind Decentraland (MANA), which has surged 76% within the same period. With the massive pump, Frax Share Token (FXS) has moved up to the 63rd position in the ranking by market cap and has seen a bullish rally since January 2. While the price was $4.09 on that day, FXS was at $9.06 at press time.…

ConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over ‘Ridiculous’ CeFi

“We’re keeping the company strong; we didn’t cut into muscle,” Lubin said in an interview with CoinDesk. “We sort of right-sized support functions, some customer support, some internal team support, because there’s just less activity in our ecosystem right now. I expect we’ll get back to doing quite significant and surging business in the not too distant future.” Source

EU Postpones Final Vote on MiCA Legislation Again Following Issues in Legal Document Translation

The EU deferred its final MiCA legislation vote for the second time in two months. The European Union (EU) has postponed the final vote on its Markets in Crypto Assets regulation (MiCA) until April this year. Due to a technical issue, the 27-member state intergovernmental union decided to defer the decisive vote on its highly anticipated crypto ruleset. Reports state that the guiding 400-page legal document could not be translated into the Union’s official 24 languages. It is mandatory that legal documents, such as the MiCA, comply with EU regulations…

Bitcoin sees new 4-month high as US PPI, retail data posts ‘big misses’

boss

Bitcoin (BTC) set yet another multi-month high before the Jan. 18 Wall Street open as United States macroeconomic data fell far wide of expectations. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView U.S. PPI numbers fall wide of the mark Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $21,646 on Bitstamp. A subsequent correction saw the pair moving around $21,400 at the time of writing, with U.S. stocks reacting to surprise data surrounding economic activity in December. Specifically, the Producer Price Index (PPI) showed cost rises cooling faster…

Fasttoken Holds the Public Sale of Its Cryptocurrency, FTN

Place/Date: Tortola, British Virgin Islands – January 18th, 2023 at 3:03 pm UTC · 2 min read Contact: Fastex, Source: Fastex Fasttoken (FTN) is excited to announce its initial exchange offering (IEO), set to take place from Jan. 18 to 20, 2023. A limited number of 10 million tokens will be available for public sale, with a price of 0.35 euro per token. Fasttoken is the official cryptocurrency of Fastex, a complete Web3-driven ecosystem that includes Fastex Chain, Fasttoken, ftNFT marketplace, Fastex Pay and the ecosystem’s metaverse, Fastex Verse. The…

FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate – Bitcoin News

boss

On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief restructuring officer, John J. Ray III, met with the bankruptcy case’s committee of unsecured creditors to share the news. FTX Uncovers $5.5 Billion in Liquid Assets Through ‘Herculean Investigative Effort’ FTX has discovered $5.5 billion in liquid assets, according to a press statement released at 2:40 p.m. Eastern Time, Tuesday. The debtors,…

Apple Halts Development of Its Apple Glasses

While Apple has made it a more productive venture to focus its developmental efforts on AR/VR headsets and to find ways to make them more affordable, its focus is also on what the future of communication will evolve into eventually. American multinational technology giant Apple Inc (NASDAQ: AAPL) has indefinitely delayed the launch of its most revered Apple Glasses headsets. As first reported by Bloomberg, the postponement was based on the fact that Apple is facing significant technical difficulties to develop the product at this time. The news comes after…

FTX Identifies $415 Million Hack amongst Recoverable $5.5 Billion Digital Assets

Embattled crypto exchange FTX fingered a $415 million hack from November as part of assets recovered to pay off creditors. Fallen crypto exchange FTX has identified a $415 million crypto hack as part of the $5.5 billion worth of digital assets for recovery. In a statement, the exchange’s new CEO, John Ray III, said it took extensive investigative efforts from the team to achieve this revelation. On Tuesday, FTX also provided further details revealing that it had recovered $1.7 billion in cash and $3.5 billion in liquid crypto. In addition, the former second-largest crypto…