Month: January 2023

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…

DeFi Service Frax Finance Gains Momentum Amid Ether Staking Narrative, FXS in Focus

The draw of capital into Frax’s ether pools has resulted in demand for FRAX and FXS tokens, with prices of the latter rising over 62% in the past week as per CoinGecko. And because some liquidity pools pay out in FXS, the price rise theoretically means higher rewards for stakers – which, in turn, could drive more ether towards Frax, and drive even more demand for Frax’s tokens among users. Source

Thailand SEC Issues Regulations for Crypto Custody Providers

The regulations took affect on Monday and offer policy and guidelines for overseeing the management of digital wallets and keys plus procedures for designing digital wallets. The regulation also sets out the need for a contingency plan in case an event occurs that could affect the management system of digital wallets and keys. Source

Dogecoin DOGE Sees Its Carbon Footprint Reduce by 25%, Here’s Why

DOGE may have been particularly focused on environmental sustainability – one of the most topical issues of the blockchain industry. Recent research from Forex Suggest has shown that Dogecoin (DOGE) was able to reduce its carbon footprint by a whopping 25% in just a year. DOGE was the only meme coin to achieve this feat in 2022. Carbon footprint remains a key metric for mainstream adoption and over the years, several debates have risen over the high energy demands of some networks. That was one of the main reasons why…

Will Bitcoin price crack $22K? Dollar weakness, Bank of Japan easing boost hopes

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Bitcoin (BTC) faced a potentially volatile day on Jan. 18, with multiple macro triggers beginning to unsettle the outlook. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BoJ refuses to hike Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding firm above $21,000 on the day. The pair remained cool amid news from Japan, where the central bank — the Bank of Japan (BoJ) — had decided to keep an ultra-easy policy in place, defying expectations of an interest rate hike. In so doing, both the yen and U.S. dollar…