Month: January 2023

Bitcoin 25% Climb Signals Recovery In Crypto Market

After a strong week for bitcoin (BTC) and many other leading cryptocurrencies, traders are now on the lookout for indicators of what could spark the next bull run. After being battered by losses for the majority of 2022, bitcoin and other cryptocurrencies are on the rise in 2023, leading to predictions that the so-called crypto winter has thawed. Bitcoin has begun the new year on a bright note. On Saturday, Bitcoin surpassed $21,000 for the first time in 60 days. At the time of writing, BTC is trading at $21,090,…

SkyBridge Capital Founder Anthony Scaramucci Reflects on SBF’s Betrayal

Scaramucci revealed that the perception of SBF’s character has changed remarkably. Anthony Scaramucci, the founder and Managing Partner at SkyBridge Capital, has shared further details on his relationship with Sam Bankman-Fried (SBF), the founder of the now-bankrupt cryptocurrency trading platform, FTX Derivatives Exchange. SkyBridge Capital was one of the first backers of the trading firm, and also one of the most hit venture capital firms when the platform imploded last year. Anthony Scaramucci, a respected figure in the investment world and in the blockchain ecosystem said the collapse of FTX…

Crypto Is Down, but Not Out

Eight months, numerous bankruptcies and a major collapse later, the industry is still present in Davos, Switzerland, but with a more subdued presence. The Promenade – the road outside the main Congress Centre – still has a number of crypto companies advertising or operating “houses,” the lounges, meeting rooms or event stages meant to introduce Davos attendees to their projects. Source

Monex Indicates Interest in FTX Japan

Even as there is no solid evidence of bidding for FTX Japan, Monex is taking the position to expand its horizon and push to the top of the table. As FTX battles with its bankruptcy proceedings, one of the four assets it put on sale, FTX Japan, has caught the interest of Tokyo-based financial services company Monex Group. Although it is established that Monex is interested in FTX Japan, there is no assurance of bidding for the bankrupt company. Monex CEO Reveals Company’s Interest in FTX Japan The matter was revealed by…

BNB Chain Burns Over $500M in BNB Tokens

Token burn refers to the process of permanent deletion of coins from their circulating supply. Over 100 million BNB, or half of its total supply, are intended to be removed from circulation through a burning process and to eventually keep only 100 million BNB in circulation. This commitment is automatically honored each quarter and calculated according to the Auto-Burn formula, as previously reported. Source

Crypto Whitehat Platform Immunefi Banned 15 ChatGPT-Generated Bug Reports. Here’s Why

“There’s a difference between something like GitHub Copilot and ChatGPT. With the former, you are driving the process, and the role of Copilot is offering useful suggestions in context, which you accept or reject as you write your program,” Immunefi told CoinDesk in a Twitter message. “With the latter, you are using a single prompt to generate something that looks like a well-written bug report, but is nonsense when analyzed further.” Source

Newly Launched Binance Mirror to Provide Off-exchange Settlement Solution

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Major cryptocurrency exchange Binance has recently announced the release of Binance Mirror, an off-exchange settlement option for institutional clients, under its custody company. Institutional investors can practically lock collateral by linking their approved cold wallet to Binance Custody. The assets from their cold wallet will then be mirrored on their Binance exchange account, hence the name “Binance Mirror.” As long as the mirror position is open on the Binance exchange, which can be resolved at any time, Binance stresses that the assets in the cold storage will be kept secure.…

Crypto mining stocks surge to yearly highs after Bitcoin bounces back

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The Bitcoin (BTC) price rebound to a multi-month high has also positively affected mining stocks. Many crypto-mining stocks recorded their best monthly performance in a year. The surge in mining stocks also relieved the troubled miners who had to sell a significant chunk of their mined coins to boost liquidity in 2022. Bitfarms — one of the top BTC mining firms — registered a 140% surge in the first two weeks of January 2023, followed by Marathon Digital Holdings with a 120% surge. Hive Blockchain Technologies saw its stock value…

European Finance Ministers Take Stock of Digital Euro Progress

In its discussions, the Eurogroup observed that the digital euro should complement and not replace cash, be assigned a legal tender status, and ensure a high level of privacy. The group also added that the CDBC should be widely accessible to the public, guarantee access to central bank money for euro area users, and its design should consider environmental implications. Source