Month: January 2023

SBF trial could set precedent for the crypto industry

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After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating securities laws. On Dec. 22, Bankman-Fried was granted bail on a $250 million bond paid by his parents against the equity in their house. The bail order added that he would require “strict pretrial supervision,” including mental health treatment and…

SHIB Surges to Fresh 2-Month High on Wednesday – Market Updates Bitcoin News

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Shiba inu surged to a multi-month high on Wednesday, as the meme coin collided with a key price ceiling. Prices rose by as much as 17% in today’s session, as the global cryptocurrency market cap also trended higher. Polkadot was once again in the green, with the token hovering close to a two-month high of its own. Shiba Inu (SHIB) Shiba inu (SHIB) rallied on Wednesday, as the meme coin surged to a two-month high, following declines on Tuesday. Following a low of $0.00001053, SHIB/USD raced to an intraday peak…

Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?

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The amount of bitcoin (BTC) being held on exchanges has been on a steady decline since the bear market began in 2022, but the rate at which investors were pulling their cryptocurrencies off exchanges has accelerated in the last couple of months. This has resulted in one of the sharpest drops in the percent of BTC supply left on centralized exchanges. Bitco In a new report by on-chain data aggregator Santiment, the bitcoin held on exchanges has witnessed one of the sharpest declines in history. In January 2022, the BTC…

Deal Box launches $125M blockchain and Web 3 venture fund

According to a press release published on Jan. 18, U.S.-based capital markets advisory and token offering platform Deal Box has launched a new $125 million venture capital arm dedicated to blockchain and Web 3.0 startups. The fund, dubbed Deal Box Ventures, will invest in companies categorized in the emerging growth, real estate, fintech, funtech, and social impact fields. Commenting on today’s development, Thomas Carter, founder and chairman of Deal Box, said:  “Deal Box Ventures is an important milestone in our journey to invest in the most promising and disruptive blockchain…

OVER GATE Console, creating, hosting Metaverse Events

Metaverse decentralized infrastructure service provider OVER has launched its much-awaited OVER GATE Console as it seeks to play a more dominant role in the evolution of Web3.0 through the powers of Augmented Reality. The OVER GATE Console is designed to bring help users to create geo-localized experiences that will help in bridging the gap between the physical and digital worlds. The metaverse is currently growing beyond just a concept as more startups are now exploring new products and solutions to help the wider populace gain exposure to the new world.…

Primex Finance Introduces Beta 0.3.0 App with Deployments to Polygon Mumbai and zkEVM Testnets

Place/Date: Kyiv, Ukraine – January 18th, 2023 at 4:45 pm UTC · 3 min read Contact: Anton Demenko, CMO, Source: PrimexLabs OÜ Cross-chain prime brokerage protocol Primex Finance rolls out a major update to its application. Launching in two stages, Beta 0.3.0 introduces a variety of new features, as well as improvements and fixes of existing functionalities. Starting on January 12th, 2023, Phase 1 was exclusively available for Primex Early Users, who could be the first to have a hands-on experience with Beta 0.3.0. From now on, Early Users will…

Bitcoin Soars to $21,500 On “Hated Rally,” Will It Continue?

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The Bitcoin rally continues as the cryptocurrency smashes all resistance levels and seems ready to reclaim more ground. The number one crypto by market capitalization has seen a double-digit gain over the previous week leading the top performers in the sector. As of this writing, Bitcoin traded at $21,400 with sideways movement in the last 24 hours. The BTC price records a 23% rally in the previous seven days. Other cryptocurrencies in the top 10 record similar price action with Ethereum (19%) and Polygon (18%). The crypto has seen some…

Digital Dollar Project Warns on US Cautious Approach to CBDCs

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