Month: January 2023

Gemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert – Bitcoin News

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Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In the letter, Winklevoss claimed that DCG owes $1.675 billion to Genesis. Silbert, however, responded on social media, denying the claim. Gemini Co-Founder Publishes Open Letter to DCG Chief Executive Barry Silbert Demanding He Resolves Liquidity Issues by Jan. 8, 2023 Gemini co-founder Cameron Winklevoss shared an open letter on Twitter on…

New Narrative Could Skyrocket These Altcoins

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A look at the top performers over the past 24 hours reveals a trend that could trigger a boom among certain altcoins in 2023. We’re talking about Lido Finance (LDO), which has risen 7% in the past 24 hours and 17% over the past seven days, making it the 37th largest cryptocurrency by market cap. Lido Finance is a decentralized liquid staking application that allows users to generate additional yield for staking their assets. The application currently offers support for five cryptocurrencies: Ethereum (ETH), Polygon (MATIC), Solana (SOL), Kusama (KSM),…

Community celebrates Bitcoin Genesis Day by sending BTC to the genesis block

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As Bitcoin (BTC) has its 14th birthday, Bitcoiners from around the world are celebrating in various ways, with some opting to send BTC to the address containing the rewards for mining its genesis block. On Jan. 3, 2009, pseudonymous Bitcoin creator Satoshi Nakamoto mined the genesis block, which led to the minting of the first 50 BTC. This instance paved the way for an entire industry to be developed, with millions of people working toward a similar vision for the future of money. 14 years later, many are showing their…

Square Enix Will Make Aggressive Investment In Blockchain

The legendary gaming studio Square Enix will continue to double down on Blockchain technology and digital assets in 2023. In a letter published by the company’s president Yosuke Matsuda, the company committed to focusing on “blockchain entertainment” and Web3.  In 2022, Square Enix explored non-fungible token (NFT) initiatives. According to the company’s latest financial results, the digital asset and blockchain-based business saw positive feedback and good reception. Matsuda said: (…) we are most focused on blockchain entertainment, to which we have devoted aggressive investment and business development efforts. Looking externally,…

Syrian Central Bank Devalues Local Currency by Nearly 50% – Economics Bitcoin News

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The Syrian central bank recently announced the nearly 50% devaluation of the Syrian pound’s exchange rate versus the greenback from 3,015 per dollar to 4,522 per dollar. The central bank also warned currency speculators that it will take steps to end activities that undermine the stability of the exchange rate. Currency Collapse Worsens the Plight of Syrians The Syrian central bank said on Jan. 2 that it has adjusted the official exchange rate from 3,015 pounds for every dollar, to 4,522. Yet, despite the nearly 50% devaluation, the new official…

The best (and worst) stories from 3 years of Cointelegraph Magazine – Cointelegraph Magazine

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On Oct. 1, 2019, Cointelegraph Magazine’s founding editor, Jon Rice, pressed publish on the first-ever feature story for the publication — a story by Swedish fintech writer Jinia Shawdagor about the country’s embrace of a cashless economy. The brainchild of former Cointelegraph CEO Jay Cassano — who was managing editor at the time — Magazine was designed to fill a major gap in crypto media with in-depth features exploring all angles of the issues in a thoughtful, considered way. While it’s easier to get traffic writing breathless stories about Bitcoin…

Bitcoin teases weekly highs as traders eye BTC price leg up to $17.3K

Bitcoin (BTC) inched closer to $17,000 on Jan. 3 as the first Wall Street open of the year loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Consensus builds for fresh attack on $17,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs of $16,766 on Bitstamp — its best performance since Dec. 27. Analysts and traders were keenly awaiting the start of Wall Street trading after European stocks posted gains the day prior and United States futures followed suit. As Cointelegraph reported, both equities and gold had looked…

Cardano Sharks Heavily Accumulating ADA Tokens Heading into 2023, Snowfall Protocol (SNW) Soars Past $0.15, Third Round Is Over 80% Sold Out as Chainlink (LINK) Sinks Further – Investors Are Jumping Shit

Place/Date: – January 3rd, 2023 at 2:18 pm UTC · 3 min read Source: Snowfall Protocol Photo: Snowfall Protocol Despite reports of low activity in the ecosystem, the crypto market outlook for 2023 may already be taking shape. Major fund movements are taking place, which may point to the likely winners and losers in 2023. Snowfall Protocol (SNW) is the clear winner having clocked milestone after milestone in 2022. Cardano (ADA) is another winner, but Chainlink (LINK) is struggling. Cardano Sees an Increase in Whale Accumulation Cardano has seen a…

DeFi Is Taking Over, Which Is Why You Should Buy Rocketize, Oasis Network, and Avalanche

Place/Date: – January 3rd, 2023 at 2:05 pm UTC · 4 min read Source: Rocketize As more cryptocurrencies enter the market, finding projects with a high probability of success becomes increasingly challenging. Before selecting a project to invest in, it is preferable to choose projects which have the potential to yield significant profits like Rocketize (JATO), Oasis Network (ROSE), and Avalanche (AVAX). Analysts have carefully researched Rocketize (JATO) as the next big token to hit the meme coin market. Unlike other meme projects before it, Rocketize (JATO) aims to build…