Day: January 26, 2023

Tether moves to combat child abuse content marketplaces

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Tether aims to increase visibility and mitigate controls of cryptocurrency payments used in child abuse content marketplaces through a collaboration with INHOPE.  The stablecoin operator will work with INHOPE, a global network combating online child sexual abuse material (CSAM), to share information, collaborate with stakeholders and enforce actions on bad actors from the cryptocurrency ecosystem. According to an announcement shared with Cointelegraph, the collaboration intends to develop a standard practice for the cryptocurrency industry to identify and report these underground marketplaces. Tether’s chief technology officer, Paolo Ardoino, said the company…

BTC Back Above $23,000 Following Tesla Q4 Earnings Report – Market Updates Bitcoin News

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Bitcoin rallied back above $23,000 on Thursday, following the release of Tesla’s quarterly earnings report. The report showed that Tesla was holding 9,720 bitcoin, worth $223 million. Ethereum was also higher, as prices were back above $1,600, rebounding from recent losses in the process. Bitcoin Bitcoin (BTC) moved to a fresh five-month high earlier in the session, as markets reacted to Tesla’s latest quarterly earnings report. The report, which was released after yesterday’s closing bell, showed that the electric vehicle maker did not sell any of its bitcoin. Following the…

Crypto Derivatives Exchange BIT Expands Product Suit With Toncoin Options

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“With a global community growing at a speed of more than 2% weekly, as well as more than 100 million transactions to date, the TON ecosystem is one of the most promising on the market,” said Andrei Grachev, managing partner at DWF Labs. “Joining the options market is a logical and important step for TON because, until now, the only coins available there were BTC and ETH. It means TON will take its place alongside crypto’s most prestigious coins.” Source

Apple, Netflix, Meta, and Many Others Caught Up in FTX Saga

The firm’s creditors range from tech companies to hoteliers, airlines, and even government-owned entities in the US and foreign countries. As the FTX saga continues unraveling, more revelations are coming to the fore about the bankrupt exchange. In one of the latest developments, a court document has revealed the complete list of FTX creditors. Surprisingly, they are not all tech firms. According to a creditor matrix filed by FTX lawyers late Wednesday night, the firm’s creditors range from tech companies to hoteliers, airlines, and even government-owned entities. FTX Saga: Creditors…

CryptoQuant’s Bitcoin PnL Index Forms Bullish Crossover

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CryptoQuant’s Bitcoin on-chain PnL index has surged above its 365-day MA recently, a crossover that has historically signaled early bull markets. Bitcoin On-Chain PnL Index Has Formed A Bullish Crossover As per data from the on-chain analytics firm CryptoQuant, the index is indicating a buy signal for BTC right now. The “CryptoQuant on-chain PnL index” is a metric that combines three different indicators into one to point out tops, bottoms, and cyclical shifts in the price of Bitcoin. The first of the metrics that the PnL index uses is the…

Tesla Holds Onto Its Bitcoin Holdings despite Crypto Slump

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Even after the crypto market collapse and gloomy news that drowned the crypto environment, Tesla has been holding onto the crypto capital. While Tesla’s Bitcoin investments are still submerged, the company’s overall earnings and revenue have exceeded expectations. TSLA stock is surging today and has increased by thirteen percent over the past five days. Shares of the firm also rose when Chief Executive Officer Elon Musk announced that the firm could possibly deliver two million Tesla this year. It has been revealed that Tesla did not sell the excess Bitcoin…

Aptos’ Token Surges to Record High

Layer 1 blockchain Aptos’ token, which has been surging since the start of the year, broke an all-time high on Thursday. The token, APT, reached $19.42 and is up 423% since Jan. 1. The rally is far greater than those for bitcoin and ether, the two biggest cryptocurrencies by market cap. Bitcoin is up 30% in 2023, while ether has gained 34%. It’s not exactly clear why the price of APT has soared, but NFT (non-fungible volume) trading volume on the Aptos platform has been robust. Analysts, however, warn that the funding…

SushiSwap to Launch New Perpetual Contract Exchange on Sei Network

In the case of SushiSwap and the Sei Network, the benefit for both firms is quite clear and besides growing its influence, the former will use the partnership to generate a new revenue stream for the protocol. The Decentralized Exchange (DEX) platform, SushiSwap (SUSHI) is expanding its footprint in the blockchain ecosystem as it is reportedly set to launch a new Perpetual contract futures exchange on the Sei Network. As reported by The Block, citing SushiSwap’s Head Chef, Jared Grey, the move to launch the new trading engine on the…

Bitcoin Back Above $23,000 Once Again, Altcoins Support Rally

Aptos led the rally in altcoin space jumping by more than 40% in a day amid huge whale accumulation. The world’s largest cryptocurrency Bitcoin (BTC) continues to see more buying interest as the BTC price spikes above $23,000 once again, some altcoins follow this tendency. As of press time, BTC is trading 1.4% up at a price of $23,050 and a market cap of $443 billion. CryptoQuant CEO Ki Young Ju noted that Bitcoin has entered an early bull phase. As per on-chain PnL-related indicators such as MVRV ratio, most…

Bitcoin.com CEO Roger Ver Claims to Have Ample Funds to Pay Alleged Genesis Debt

The Bitcoin.com CEO says he has sufficient funds to repay $21 million to Genesis but questions the lawsuit against him. Bitcoin.com CEO Roger Ver recently announced that he has enough to pay roughly $21 million to the embattled crypto firm Genesis. Ver, commonly known as “Bitcoin Jesus,” took to social media to make this revelation after Genesis’ affiliate said he defaulted on a sizable transaction. According to GGC International Limited, Ver failed to settle approximately $21 million in crypto option transactions. On Tuesday, GGC International Limited issued a court summons to the Bitcoin.com CEO, to…