Day: January 25, 2023

Nifty Gateway Founders Resign | Blockchain News

Duncan Cock Foster and Griffin Cock Foster, who were both co-founders of the nonfungible token (NFT) auction platform Nifty Gateway, announced their resignations in a thread that was posted on Twitter on January 25. Their departure is effective immediately. In an attempt to justify their departure, Duncan said that “Griffin and I are entrepreneurs at heart, and we want to create another firm.” “When @Gemini purchased NG in 2019, Griffin and I agreed that if everything went well and we were happy in our new roles, we would each remain…

Roger Ver, ‘Bitcoin Jesus’ Turned Bitcoin Cash Advocate, Says He Has Money to Pay Crypto Lender Genesis, Now in Bankruptcy

“I have sufficient funds on hand to pay Genesis the sums allegedly owed, and I’m happy to pay what I actually owe,” wrote Ver, who now advocates for the Bitcoin Cash (BCH) blockchain. “However, Genesis was required by our agreement to remain solvent – as Genesis can’t ask its clients to play a ‘Heads clients lose, tails Genesis wins’ game.” Source

$1.48B in Bitcoin options expire on Friday — Will BTC hold $22K?

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Bitcoin investors’ sentiment improved after signals pointing to lower inflationary pressure suggested that the U.S. Federal Reserve could soon move away from its interest rate increase and quantitative tightening. Commonly known as a pivot, the trend change would benefit risk assets such as cryptocurrencies. On Jan. 22, the China-based peer-to-peer trades of USD Coin (USDC) reached a 3.5% premium versus the United States dollar, indicating moderate FOMO by retail traders. This level is the highest in more than 6 months, suggesting excessive cryptocurrency buying demand has pressured the indicator above…

Cardano’s Aggressive Development Activity Will Withstand Bear Assault At $0.3?

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The crypto market’s rally is losing strength, forcing significant cryptocurrencies, such as Bitcoin, Ethereum, and Cardano, back to their support regions. The latter has been deploying products and development that hint at a longer bullish trend. As of this writing, Cardano (ADA) trades at $0.35 with a 5% loss in the last 24 hours. Over the past week, ADA’s price still recorded some profits as the bulls made their stand against a spike in selling pressure. ADA’s price with minor profits on the daily chart. Source: ADAUSDT Tradingview Cardano In…

Judge denies motions from Celsius users seeking to reclaim assets

A judge overseeing bankruptcy proceedings for crypto lending firm Celsius Network has denied motions from three users with different claims on assets stuck since July. In orders filed with United States Bankruptcy Court in the Southern District of New York on Jan. 25, Judge Martin Glenn denied a motion from Rebecca Gallagher, a Celsius claimant who argued her interest-bearing ‘Earn’ assets on the platform were “her property and not property of the bankruptcy estates” under the control of the debtors. The judge denied similar motions from Celsius account holders Mark…

Venture capital investments into blockchain continue to free-fall: Report

Cointelegraph Research has analyzed all the deals and trends from venture capital in the blockchain industry during the fourth quarter of 2022. The second half of 2022 saw a dramatic decline in capital inflows across all five major sectors of the blockchain industry: decentralized finance (DeFi), centralized finance (CeFi), nonfungible tokens (NFTs), infrastructure and Web3. The first half of 2022 brought in just under $30 billion of investment, while the second half only saw $7.3 billion — a dramatic plunge. As the crypto industry moves into 2023, Cointelegraph Research has…

Exclusive NFT presale to treat all the hard workers, feat. Snoop Dogg and Billy Ray Cyrus

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Blue-collar workers are the gears that make the world go round. They turn in a hard day’s work day after day, so there is little question that these professions hold a valuable place in society. Unfortunately, despite their contributions, these hard workers often go unnoticed. Cointelegraph and Web3 metaverse concert platform Animal Concerts have joined together to recognize the efforts of hard workers and overachievers with a nonfungible token (NFT) collection named A Hard Working Man (AHWM). Inspired by “A Hard Working Man” — a song from The Avila Brothers,…

Here’s What Might Have Triggered Ethereum’s Decline Below $1,600

After what has been two weeks of an incredible rally for the price of Ethereum, the digital asset seems to be running out of steam. ETH’s price has now declined once more below $1,600 after a sharp downturn on Tuesday. The culprit for this seems to be growing FUD across the community. FUD Could Have Been The Trigger According to Santiment, the social dominance of Ethereum grew rapidly in the last couple of days. While this can sometimes be a good thing, it tells a negative story this time around.…