Day: January 18, 2023

21Shares debuts crypto staking ETP on BX Swiss exchange

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Switzerland-based cryptocurrency firm 21Shares is betting on proof-of-stake (PoS) coins by launching a new crypto exchange-traded product (ETP) dedicated to staking. On Jan. 18, the company launched the 21Shares Staking Basket Index ETP, a crypto staking index designed to track up to 10 PoS cryptocurrencies. The ETP immediately starts trading on the local stock exchange BX Swiss under the ticker STAKE. At launch, 21Shares’ STAKE ETP tracks six digital assets, including BNB (BNB), Cardano (ADA), Cosmos (ATOM), Polkadot (DOT), Solana (SOL) and Tezos (XTZ). The index will rebalance semi-annually in…

Crypto Winter Chills at Digital Currency Group, Coinbase

Digital Currency Group, a crypto conglomerate that owns CoinDesk, is suspending its dividends until further notice. “In response to the current market environment, DCG has been focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity. As such, we have made the decision to suspend DCG’s quarterly dividend distribution until further notice,” the firm wrote in a letter to shareholders on Tuesday. Source

EY and Polygon Ready Privacy-Focused Ethereum for Enterprise Release

“It’s one thing to show that the math works, it’s another thing to have a security audited, tested out, hardened system,” Brody said in an interview. “We currently have a beta client for the supply chain work that is ongoing now, and we expect to show the first production ready product that uses this network layer at our Global Summit in May.” Source EnterpriseEthereumPolygonPrivacyFocusedreadyRelease CryptoX Portal

Altcoin Indexes Outperform Bitcoin, Small Caps Lead Market

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Data shows all the altcoin indexes have outperformed Bitcoin during the past month, with the small caps becoming the market leaders. The Past 30 Days Were Green For Both Bitcoin And Altcoins According to the latest weekly report from Arcane Research, all indexes record positive returns in the 27-31% range during the past month. The “altcoin indexes” here refer to groups of alts divided based on their market caps. The benefit of creating indexes of cryptos is that it makes it easy to assess the performances of the different segments…

Deal Box offers $125M blockchain and Web3 venture fund

According to a news statement dated January 18, the capital markets advice and token offering platform Deal Box, which is located in the United States, has formed a new venture capital arm with a total of $125 million in funding targeted to blockchain and Web3 firms. Deal Box Ventures is the name given to the fund that will be used to make investments in businesses operating in the rising growth, real estate, fintech, funtech, and social impact industries. Thomas Carter, founder and chairman of Deal Box, issued the following statement…

DeFi-Focused Startup Blue Comes Out of Stealth With $3.2M Raise

The announcement comes as interest in DeFi, a term used to refer to lending, trading and other financial activities carried out on a blockchain without traditional middlemen, has reached new heights in the wake of centralized cryptocurrency exchange FTX’s collapse late last year and a series of crypto exchange bankruptcies earlier in 2022. Source

Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case – Exchanges Bitcoin News

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A court in Sao Paolo, Brazil, ruled against Binance in a case in which the leading cryptocurrency exchange faced a withdrawal-related complaint. A user, who introduced a lawsuit against the exchange because he couldn’t retrieve his funds from the platform, received almost $2,000 in damages and the funds deposited as part of the court decision in September. Binance Loses Lawsuit in Sao Paolo Local courts have begun to deal with cryptocurrency exchange-related cases in Brazil. Binance, one of the biggest cryptocurrency exchanges in the market, lost a case derived from…

Ethereum price technicals hint at 35% gains versus Bitcoin in 2023

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Ethereum’s native token, Ether (ETH) could grow by 35% versus Bitcoin (BTC) this year to hit 0.1 BTC for the first time since 2018 as it forms a classic bullish continuation pattern. Ethereum price must first break key resistance Dubbed ascending triangle, the pattern forms when the price fluctuates inside a range defined by a rising trendline support and horizontal trendline resistance. It typically resolves after the price breaks out in the direction of its previous trend. On a weekly chart, the ETH/BTC pair has been painting an ascending pattern…

Exciting New Gaming-Focused Blockchain Neon Link Successfully Launches January 2023 – Press release Bitcoin News

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press release PRESS RELEASE. LONDON, ENGLAND – January 18th, 2023 – Neon Link, a new blockchain and ecosystem, is about to launch on mainnet in Q1 2023. Coming out of stealth after over a year of development, many important features are launching throughout this year: the NEON multi-chain Wallet, Decentralised Exchange, Marketplace, Bridge, Block Explorer, NEON Gaming ID (Naming Service), and the $NEON token that powers the entire ecosystem. Alongside the ecosystem, Neon Link has numerous projects in the late stages of development. One of these is a triple-A game,…

Coinbase to Halt Operations in Japan Following Crypto Underperformance

Coinbase says that its customers in Japan have a 1-month deadline to withdraw all holdings, as operations would cease after that.  According to recent reports, Coinbase Global Inc (NASDAQ: COIN) is halting operations in Japan due to volatile market conditions. The leading American crypto exchange also said it would conduct a “complete review of our business in [Japan].” Coinbase, which promised to make the transition in Japan as smooth as possible, also said: “We want to assure you that we have segregated the Japanese Yen and crypto assets of our…