Month: January 2023

Coinbase Shutting Down Most Crypto Services in Japan After Series of Job Cuts Globally – Bitcoin News

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The Nasdaq-listed cryptocurrency exchange Coinbase is closing down most of its operations in Japan after announcing another round of job cuts globally. “Despite everything we’ve been through as a company and an industry, I’m still optimistic about our future and the future of crypto,” Coinbase CEO Brian Armstrong insisted. Coinbase Winding Down Majority of Japanese Operations Cryptocurrency exchange Coinbase is closing the bulk of its operations in Japan, Nana Murugesan, vice president for business development and international, revealed in an interview with Bloomberg Wednesday. He said: We’ve decided to wind…

SOL Could Extend Rally Above $18

Solana is showing bullish signs above $15 against the US Dollar. SOL price could extend its rally above the $18 and $20 resistance levels. Sol price started a fresh increase above the $15 and $16 levels against the US Dollar. The price is now trading above $16 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $15.90 on the 4-hours chart of the SOL/USD pair (data source from Kraken). The pair could rise further if it stays above the $15.00 and…

800 victims of ‘massive’ Bitconnect fraud to receive $17M restitution

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A group of crypto fraud victims of the BitConnect investment scheme will see some respite from the multi-billion dollar fraud scheme after a court ordered they receive a share in a $17 million restitution. The United States District Court for the Southern District of California ordered the restitution for the “massive” scheme on Jan. 12, according to a release on the same day by the Department of Justice (DOJ). Around 800 victims of the scheme from 40 countries will be able to receive a small slice of the $17 million…

Crypto Traders Are Already Placing Bets on Ethereum’s ‘Shanghai Hard Fork’

Jeff Dorman, chief investment officer at the digital-asset management firm Arca: “Most investors have heard of blockchain now and want to somehow make money if blockchain succeeds. For the last five years, almost every investor has tried to find different ways to express that theme. But for the first time ever, we’re coming out of a bear market with real product market fit,” which includes four areas: bitcoin, stablecoins, non-fungible tokens (NFTs) and decentralized finance (DeFi). “If you want to express all of those areas of blockchain with one investment,…

How Does Cryptocurrency Work | Intro to Crypto Course

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Ethereum Price Consolidates Near $1,400 As The Bulls Aim $1,500

Ethereum climbed higher above the $1,400 resistance zone against the US Dollar. ETH is consolidating gains and might rise further towards the $1,500 level. Ethereum started a fresh increase above the $1,350 and $1,400 resistance levels. The price is now trading above $1,400 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,365 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further unless there is a clear move below the $1,350 support. Ethereum Price Turns…

Crypto payments platform Wyre lifts 90% withdrawal cap

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Crypto payment platform Wyre has lifted the 90% withdrawal limit it placed on its users earlier this week after securing additional funding.  On Jan. 13, the San Francisco-based fintech firm announced that it had received financing from a “strategic partner” that allows it to continue the normal course of operations, including re-accepting deposits again. “As a regulated financial institution, we’re proud that we were able to continue delivering our services in a safe and sound manner without pausing withdrawals” it added. Hey Wyre community – we’re excited to share that…

What’s Next for Bitcoin After Biggest One-Day Price Pop in 2 Months?

The consumer price index (CPI) slipped 0.1% in December, roughly inline with expectations for a flat reading. On an annualized basis, the CPI was higher by 6.5%, inline with expectations and down from 7.1% a month earlier. Eaglebrook Advisors Vice President of Research Joe Orsini weighed in. Plus, Blockchain.com said it’s letting go of 28% of its workforce, or about 110 employees. And, Rep. Jim Himes (D-Conn.) shared his outlook on the future of U.S. crypto regulation. Source