Month: January 2023

Bitcoin price strength intensifies as risk-loving traders bring volume back to the crypto market

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The beginning of 2023 has provided Bitcoin (BTC) with bullish indicators and the rally to a year-to-date high at $21,647 has crypto traders hopeful that the worst part of the bear market has ended. The surge effect of BTC’s bullish price action is also carrying over to Ether (ETH) and Bitcoin mining stocks. The reduction in Bitcoin Fear and Greed index to neutral is possibly driven by volume increases, Bitcoin on-chain data and BTC price decoupling from equities markets. While not all analysts believe a market bottom is in, let’s…

FTX Debtors Give Details on Digital Assets Identified So Far

With respect to FTX US, the debtors have identified roughly $181 million of digital assets, “$90 million of which was subject to unauthorized third-party transfers post-petition, $88 million of which is in cold storage under the control of the FTX Debtors, and $3 million of which is pending transfer to cold storage under the control of the FTX Debtors.” Source

Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Million in 30 Days – Defi Bitcoin News

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Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. dollar. The market capitalization of the smart contract platform token economy has swelled by $78 million over the last 30 days, increasing from $243 billion to the current $321 billion. Furthermore, the total value locked in decentralized finance (defi) has risen by $5.39 billion in the same time frame. Smart Contract Tokens Experience Double-Digit Gains, Led by Oneledger, Harmony, and Waves It’s been a rough crypto winter, to say…

SEC leaked crypto miners’ personal information during investigation: Report

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The United States Securities and Exchange Commission, or SEC, has reportedly leaked the names and email addresses of many crypto miners connected to blockchain firm Green. According to a Jan. 17 report from the Washington Examiner, the SEC unintentionally included 650 names and email addresses in an email communication with Green as part of an investigation, leaving the blockchain’s nodes vulnerable to hacks. The financial regulator had reportedly been reaching out to Green users regarding their purchase of the firm’s products. “The Privacy Act of 1974 […] prohibits the disclosure…

Can Barry Silbert Delay the Inevitable?

It’s unclear how bad things will get, however. Genesis, according to Silbert, is facing a liquidity issue but is not insolvent. Putting aside the $175 million Genesis lost in an FTX trading account, the lending company’s real problems stem from the early days of the crypto contagion, when one of its largest clients, the now-defunct hedge fund Three Arrows Capital (3AC), filed for bankruptcy. Genesis filed a $1.2 billion claim against 3AC, and may have loaned the hedge fund upwards of $2.36 billion, according to a court filing. It’s likely…

Crypto Exchange OKX Introduces Copy Trading to Global User Base

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✨ Presenting all-new #OKX Copy Trading ✨ 🖱️ Duplicate every move from the lead trader in just one click, and keep track of your real-time P&L when you are on the go. Trade with ease trade like a pro🤴 — OKX (@okx) January 17, 2023 The introduction of the copy trading tool comes less than a year (May 2022) after OKX created a feature that made it possible for traders to check the portfolio breakdowns, transaction histories, profits and losses as well as the risk levels of high-performing traders on…

Bitcoin holds $20K while flirting with a neutral futures premium for the first time in 6 months

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After 66 agonizing days, Bitcoin (BTC) price finally broke above the $20,000 psychological resistance on Jan. 14. At the same time, the current $400 billion market capitalization gives BTC a position in the top-20 global tradable assets, surpassing giants like Walmart (WMT), Mastercard (MA) and Meta Platforms (META). From one side, Bitcoin bulls have reasons to celebrate after its price recovered 34% from the $15,500 low on Nov. 21, but bears still have the upper hand on a larger time frame since BTC is down 52% in 12 months. However,…

Kevin O’Leary Doubles Down on Bitcoin (BTC) Accumulation, Predicts Unregulated Crypto Exchanges ‘Go to Zero’

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Venture capitalist Kevin O’Leary is doubling down on crypto markets despite being involved with the collapse of FTX, which he was a paid sponsor of. In a new interview with Kitco, O’Leary reveals his current strategy for accumulating Bitcoin (BTC), and gives his outlook on the development of regulation in the crypto industry. “I have been going back into crypto markets lately. Any time Bitcoin drops below $17,000 I add to our positions there. Crypto is getting very interesting because we’re finally starting to see the bearer of regulation coming…