Month: January 2023

Seoul government opens city’s metaverse project to public

boss

The Seoul Metropolitan Government has launched its Metaverse Seoul project, allowing residents of the South Korean capital city to access city services in a virtual environment. In a Jan. 16 press briefing, Seoul Mayor Oh Se-hoon announced the launch of the first phase of Metaverse Seoul following beta testing of the project. According to the mayor, the online environment will be a “place of communication for citizens” of the capital city, allowing them to virtually visit many of Seoul’s attractions, access official documents, file certain complaints, and receive answers to…

SOL, SHIB Remain Near Multi-Month Highs, Despite Market Consolidation – Market Updates Bitcoin News

boss

Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday. Solana (SOL) Solana (SOL) remained near a two-month high to start the week, despite crypto markets beginning to consolidate recent gains. SOL/USD hit an intraday high of $24.75 on Monday, which comes less than a day after falling to a bottom of $22.68. This move means that the…

3AC, Coinflex founders collaborating to raise $25M for new claims trading exchange

Founders of collapsed crypto hedge fund Three Arrows Capital Su Zhu and Kyle Davies are reportedly trying to raise money for a new cryptocurrency exchange in partnership with Coinflex cofounders Mark Lamb and Sudhu Arumugam. According to a pitch deck, they are looking to raise $25 million.  The proposed new exchange is to be called GTX, according to the presentation. It promised to crack the claims market as well: “Our legal team will streamline and automate claims onboarding to GTX and make it the dominant marketplace for FTX and other…

What Matters In Crypto This Week: Will Bitcoin Keep Pumping?

boss

Even though the next FOMC meeting of the U.S. Federal Reserve is still more than two weeks away, there are significant macroeconomic as well as crypto and Bitcoin-intrinsic events this week that investors should keep an eye on. As in previous weeks and months, it is very likely that the macro environments will steer the sentiment in the crypto market. After the December 2022 CPI was released last Thursday at 6.5%, the crypto market turned strongly bullish. Bitcoin rallied more than 18% after the publication and stopped just short of…

Why is bitcoin (BTC) rallying in January?

boss

A number of factors are behind bitcoin’s New Year rise, according to analysts, including an increased probability of interest rates being lowered and purchases by large buyers known as “whales.” Filip Radwanski | Sopa Images | Lightrocket | Getty Images Bitcoin has begun 2023 on a positive note, with the price of the world’s largest digital token up roughly 26% since the start of January. On Saturday, bitcoin’s price rose above $21,000 per coin for the first time since Nov. 7. It’s still a far cry from the $68,990 record…

Why Recent On-Chain Feats Could Trigger Strong Investor Sentiment 

boss

Polkadot has been riding the crypto wave since the start of the broader market rally. According to CoinGecko, the biggest gainers in the entire space are altcoins. Polkadot (DOT) is among them. Although the token has been finding gains in the past two weeks, DOT has been down almost 3% in the past 24 hours. This has been the price action since the token has been rejected on the $6.5 price resistance range. At the time of writing, DOT is trading at $5.78, up 21% in the last seven days,…

Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges – Bitcoin News

boss

On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates. Onchain Researchers Track Stolen Ethereum From Harmony Bridge Attack and Help Major Exchanges Freeze Funds On June 23 of last year, the Harmony development team disclosed that $100 million in cryptocurrency funds had been stolen from the Horizon bridge. Reports indicated that the attacker had utilized a…