Month: January 2023

City of London, British trade groups form new digital currency advocacy alliance

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The City of London has teamed up with a variety of trade associations to form the UK Forum for Digital Currencies, an alliance that will advocate for “better policies, practice and regulation around digital currencies,” according to a statement released by the five members.  Besides the City of London Corporation, the city’s municipal governing body, members of the forum include the Digital Pound Foundation, the Payments Association, CityUK and UK Finance. The latter three organizations are national financial and professional advocacy groups that have previously been engaged in crypto research…

Sam Bankman-Fried’s Lawyers Say $5,000,000,000 in Assets Now Recovered From Collapsed Crypto Exchange: Report

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Sam Bankman-Fried’s attorneys are revealing that billions of dollars worth of liquid assets has been recovered from bankrupt crypto exchange FTX. According to a new report by CNBC, lawyers representing the disgraced former CEO have told a judge that $5 billion in cash, digital assets, and other securities have been recovered from FTX. Attorney Adam Landis told the court that the $5 billion worth of recovered assets do not include any illiquid virtual currencies, adding that FTX’s holdings are so large that selling them would drive down the prices of…

Bitcoin price rally to $18K possible as $275M in BTC options expire on Friday

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Bitcoin (BTC) price jumped to $17,500 on Jan. 11, driving it to its highest level in three weeks. The price move gave bulls control of the $275 million BTC weekly options expiry on Jan. 13, as bears had placed bets at $16,500 and lower.  The recent move has permabulls and dip-buyers calling a market bottom and potential end to the bear market, but what does the data actually show? Is the Bitcoin bear market over? It might seem too pessimistic to say right now, but Bitcoin did trade below the…

SingularityNET’s AGIX Leads AI-Focused Token Pump Narrative in New Year

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Crypto Web3 infrastructure next bull run adoption

The FTXes of the world might not have been safe, but they were a snap to use. Cassatt wants to see that same dead-simple experience, with a decentralized twist. “I actually don’t really think that someone has gotten onboarded into Web3 if they’re not custodying their own crypto,” says Cassatt, formerly chief marketing officer at ConsenSys, the Ethereum development studio. There’s an understandable reluctance to go full self-custody. The average person (myself included) gets queasy at the idea of having to keep track of a 16-word seed phrase. Or to…

Market Share Increases by 3% Among Global Crypto Assets – Market Updates Bitcoin News

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Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating. Ethereum’s Market Share Grows Amid Frenzied Surge in the Cryptocurrency Markets Ethereum (ETH), the second-leading crypto market asset by market capitalization, has seen an increase in its market dominance over the past 11 days. ETH has managed to…

Huobi delists 33 tokens in one day citing trading risk, low volume

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According to a Jan. 11 announcement, cryptocurrency exchange Huobi said that it would delist 33 tokens consisting of tickers ABT, ATP, APN, AST,DIE, DHT, DFA, EDEN, GEAR, HC, INDI, IOI, INV, IRIS, GCOIN, GOF, KMA, MTA, NAS, OPUL, PEARL, PRIMATE, QASH, SMT, SLC, SKU, SOC, STC, TALK, VALUE, WHALE, WILD and YAM. Effective Jan. 16, the aforementioned tokens will cease trading and be delisted permanently. In explaining the decision, Huobi wrote that most of the tokens violated Section 17, Rule 1, and Section 17, Rule 2, of the Huobi Token…