Hydro-Québec’s CEO Sophie Brochu to leave company on April 11. Source
CEO of Canadian Utility That Proposed Banning New Power to Crypto Miners Exits
Month: January 2023
Date Set for Oral Arguments in Grayscale’s Appeal of SEC’s Bitcoin ETF Decision
The District of Columbia Court of Appeals has set a date to begin hearing oral arguments in Grayscale Investment’s appeal of the Securities and Exchange Commission’s (SEC) decision to deny the conversion of its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF), according to a court order filed Monday, as reported by CNBC. Original
Quicknode Raises $60 Million in Series B to ‘Fuel Blockchain Adoption’ and Expand Globally – Bitcoin News
Web3 infrastructure firm Quicknode raised $60 million in a Series B funding round, according to an announcement the company made on Tuesday. The capital injection brings the company’s post-valuation to $800 million, and Quicknode says the funds will be used to “further fuel blockchain adoption.” Quicknode Aims to Streamline Web2 to Web3 Movement With $60 Million in Series B Funding Led by 10T Holdings On Jan. 24, 2023, Quicknode revealed it has raised $60 million in a Series B funding round led by 10T Holdings. Other participating investors in the…
Nicholas Merten of DataDash predicts a ‘cold winter’ for the crypto market
Nicholas Merten, a crypto trader and the creator of the DataDash YouTube channel, joined Cointelegraph’s Crypto Trading Secrets podcast for an interview with host Benjamin Pirus, discussing a number of topics, including his opinions on the state of the crypto market. “I think that right now, we’ve been going through what can only be seen as a period of consolidation,” he said when asked about his thoughts on the price of Bitcoin (BTC) as of Jan. 9, the date of the interview. Bitcoin largely traded sideways for part of November…
3 reasons why the MANA and SAND metaverse token rally could end soon
The metaverse hype that began in 2021 dissolved almost entirely by the end of 2022 as the top projects in the space, Decentraland, and The Sandbox, lost 95% of their market capitalization. The most prominent reason for the fall was lack of usage growth. Still, the metaverse narrative is far from dead and will grow in the future. Reportedly, Apple will launch its VR gear sometime in spring 2023. The announcement was a positive catalyst for MANA and SAND, causing a double-digit price surge. While there’s evidence of positive buying…
UK Treasury is Looking for CBDC Head as it Explores Digital Pound
Countries around the world are considering the same, with two-thirds of central banks in a recent Official Monetary and Financial Institutions Forum (OMFIF) survey saying they would issue a CBDC within 10 years. The Bahamas, Nigeria, Eastern Caribbean and Jamaica have already issued a CBDC, while China is ahead of most larger nations with its own CBDC trials. Source
India Takes the Lead on Global Crypto Policy as G-20 President
The presidency comes after India announced steep crypto taxes on Feb. 1, 2022, that were blasted by crypto companies operating in the country. As a result, Indians moved more than $3.8 billion in trading volume from local to international crypto exchanges between February, when the taxes were announced, and October 2022, after the new taxes were implemented, according to the Esya Centre, a New Delhi-based technology policy think tank. Source
Money Leaves ADA, SOL To Small Cap Altcoins, Here’s Where It’s Headed
With the crypto market rally, altcoins have benefitted just as much as bitcoin. Digital assets across the space have been able to return to their pre-FTX collapse levels, signaling the start of a bull run. However, as the market begins to settle into this new normal, investors are moving gains around from larger cap assets to take advantage of possible price movement in smaller altcoins. Cycling Out Money To Small Cap Altcoins A recent report from on-chain data aggregation website Santiment shows that investors may be moving money out of…
Why is crypto pumping? Watch The Market Report live
This week on The Market Report, the resident experts at Cointelegraph discuss the real reasons behind the recent price pump in the market. Can this lead to a $25,000 Bitcoin (BTC) and beyond, or will some unforeseen event ruin the party? Tune in to find out. We start off this week’s show with the latest news in the markets: Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K Bitcoin rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears’ expectations…
Bullish Token Unlocks Buck Bear Market Trend in Spur to Altcoin Season
There is also a sophisticated trading element to the value increase. Historically, in the cases of the IMX and APE tokens late last year, token unlocks caused a period of downside price action. This prompted traders to short the tokens before the event, but based on the recent flurry of short liquidations on AXS, it appears this trade has become overcrowded, leaving it vulnerable to the other side due to a lack of liquidity. Source