Month: January 2023

Bitcoin price not more important than financial independence: Trezor CEO

Amid Bitcoin (BTC) seeing significant price increase so far in 2023, one industry executive stressed that there are some features of Bitcoin that are far more crucial than its price. Matěj Žák, the newly appointed CEO of crypto hardware firm Trezor, believes that Bitcoin-enabled financial independence is the top benefit of the cryptocurrency and it’s more important than its market. “The year 2023 will be marked by a consolidation of the market and for us,” Žák said in an interview with Cryptox, adding that now Trezor has a great opportunity…

BTC Hits 2-Month High, Climbing Above $19,000 – Market Updates Bitcoin News

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Bitcoin continued to trade higher on Jan. 13, with prices racing above the $19,000 level, hitting a two-month peak in the process. The latest surge comes as traders continued to react to Wednesday’s U.S. inflation report, which dropped to 6.5%. Ethereum also rose today, hitting a fresh multi-month high. Bitcoin Bitcoin (BTC) rallied to a two-month high earlier in today’s session, as prices climbed above the $19,000 mark. Following a low of $17,995.20 on Thursday, BTC/USD moved to a peak of $19,031.80 earlier in the day. As a result of…

Bitcoin Mining Stocks In Solid Gains As Crypto Market Rallies

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Following the ongoing rally in the crypto market, the stocks of the top five leading Bitcoin mining companies have surged in value, amassing solid gains. Major crypto stocks are also rising and have recorded massive gains in recent weeks.  Though investors are still skeptical if this is genuinely the real bull run they have been anticipating, major assets in the crypto industry have been in the green for the past weeks regardless of some negative news spreading in the industry. Top Five Bitcoin Mining Stocks Rallies Bitcoin mining companies Riot…

Lawyer explains new federal virtual asset law in the United Arab Emirates

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The United Arab Emirates (UAE) has passed a new law that governs virtual assets, setting up the country’s initial regulatory regime for the cryptocurrency space at the federal level.  Before the federal-level regulation, the UAE already introduced several supervisory initiatives for digital assets in economic free zones like the Abu Dhabi Global Market (ADGM). Last year, Dubai also established its own crypto regulator called the Virtual Asset Regulatory Authority (VARA). Irina Heaver, a UAE-based crypto and blockchain lawyer, explained that the move has several implications. According to Heaver, the new…

Decentraland’s MANA Token Jumps as Metaverse Tokens Outperform Crypto Markets

The CryptoX Culture and Entertainment (CNE) sector index, which includes metaverse tokens such as MANA, gained 37% since the start of the year, becoming the best performing asset class among CryptoX’s sector indices. The CryptoX Market Index (CMI), which tracks the performance of the broad crypto market, is up 17.4% in the same period. Source CryptoDecentralandsJumpsMANAMarketsMetaverseoutperformTokenTokens CryptoX Portal

FTX allowed by bankruptcy judge to sell LedgerX, other assets

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The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors.  According to a court filing, Delaware Bankruptcy Court Judge John Dorsey has approved the sale of four key units of FTX. This includes the derivatives platform LedgerX, the stock-trading platform Embed, and its regional arms FTX Japan and FTX Europe. Interested bidders can now contact investment bank Perella Weinberg, which is tasked to begin the sale process, representing…