Month: January 2023

The Sandbox (SAND) and Oasis Network (ROSE) Holders are Stockpiling More Orbeon Protocol (ORBN)

Place/Date: – January 20th, 2023 at 5:12 am UTC · 3 min read Source: Orbeon Protocol Taking advantage of ORBN’s rising value, more investors in the crypto space are adding it to their portfolios with SAND and ROSE holders stockpiling more of this token. Let’s see why ORBN has suddenly become a center of attraction for more cryptocurrency investors: The Sandbox (SAND) Crashes in the Crypto Market The Sandbox is a blockchain-based, game-inspired virtual world where users can build, create, buy, or sell game-themed digital assets. The Sandbox team combined…

Aptos (APT) Founder Reveals Development Plans for 2023, Near Protocol (NEAR) to Drop for Stabilizing Excessive Buying, SNW Price Goes Up by 500%

Place/Date: – January 20th, 2023 at 5:11 am UTC · 4 min read Source: Snowfall Protocol The cryptocurrency market has been generating a lot of buzz lately because of the major price gains that it has been providing investors. Some of the most well-known tokens in the market like Aptos (APT) and Near Protocol (NEAR) have seen significant price improvements. However, compared to the newly introduced Snowfall Protocol, the gains are much lower. So what is so unique about Snowfall Protocol, which has helped it go past existing tokens in…

Cardano (ADA), Polkadot (DOT), and Snowfall Protocol (SNW) Dream Big for 2023: Who Will Succeed?

Place/Date: – January 20th, 2023 at 5:10 am UTC · 3 min read Source: Snowfall Protocol The crypto world has witnessed the launch of 21,000+ cryptocurrencies so far, out of which only 9,000 odd cryptos survive today. This milieu of the crypto-verse where new cryptos enter and old cryptos slide into oblivion, is a fast-evolving beast. Mistakes are costly and are often paid for by crypto projects as catastrophic failures. Even established cryptos that failed to meet the growing or changing needs of their users collapsed without much fanfare. However,…

40% revenue drop in 2022 — Chainalysis

boss

Ransomware victims have seemingly had enough of the extortion, with ransomware revenues for attackers plummeting 40% to $456.8 million in 2022. Blockchain intelligence firm Chainalysis shared the data in a Jan. 19 report, noting that the figures don’t necessarily mean the number of attacks is down from the previous year. Instead, Chainalysis noted that companies have been forced to tighten cybersecurity measures, while ransom victims have been increasingly unwilling to pay attackers their demands. Total value extorted by ransomware attackers between 2017 and 2022. Source: Chainalysis. The findings formed part…

3 men drove into barricade and fled: Lawyers

boss

Three men drove their car into the metal barricade outside Sam Bankman-Fried’s parent’s home where he is under house arrest, SBF’s lawyers claim. In a filing to the federal court, the lawyers for the former FTX CEO said the three men got out of the car after hitting the barricade and told a security guard guarding the home: “You won’t be able to stop us.” The unidentified trio were then able to drive away before security guards could record the car’s license plate. According to a Reuters report, the incident…

Crypto lender Genesis files for Chapter 11 bankruptcy

boss

Cryptocurrency lender Genesis has filed for Chapter 11 bankruptcy in the Southern District of New York. The firm has estimated liabilities of $1 billion to $10 billion and assets in the same range, according to the Jan. 19 filing. Earlier reports claimed the company had been considering filing for bankruptcy protection if it was unable to raise capital to stem its liquidity crisis. In a Jan. 19 press release, Genesis said it had been engaged in discussions with its advisors “to its creditors and corporate parent Digital Currency Group (DCG) to…

Genesis Global Files for Bankruptcy Protection

Today’s bankruptcy filing could have broader implications for bitcoin as Genesis and digital assets manager Grayscale share the same parent company in DCG. Grayscale operates the Grayscale Bitcoin Trust (GBTC), which has $10 billion-plus in assets under management and was late last year trading at a record discount to net asset value, although that discount has narrowed recently. There are market fears that the repercussions of the Genesis bankruptcy could somehow lead to the liquidation of GBTC’s holdings of 600,000+ bitcoin. Source BankruptcyFilesGenesisGlobalprotection CryptoX Portal

Bitcoin Price Bulls In Check, Signs of Fresh Increase above $21.5K

boss

Bitcoin price is attempting a fresh increase above the $21,200 resistance zone. BTC could gain bullish momentum if there is a clear move above the $21,500 resistance. Bitcoin corrected lower, but it found support near the $20,500 zones. The price is trading above $21,000 and the 100 hourly simple moving average. There is a short-term key bullish trend line forming with support near $21,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear move above…