Month: January 2023

Chart analyst Katie Stockton says she remains skeptical of bitcoin’s 2023 rally

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Katie Stockton, founder of Fairlead Strategies, said Tuesday that bitcoin’s rally in the new year doesn’t look sustainable. “The positive development is that it has rallied enough to give folks an exit,” Stockton said on CNBC’s “Squawk Box.” “The catch with that is when you see such strong, very steep rallies, they are more characteristic of counter-trend moves.” After finishing 2022 down more than 60%, bitcoin has already risen about 40% year to date. The world’s largest cryptocurrency touched the highest level since August on Saturday, rising above $23,300. BTC.CB= 1Y…

Binance Handled $346M In Bitcoin Transactions For Russian Exchange Bitzlato: Reuters

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Summary: Binance processed 205,000 transactions between May 2018 and January 2023, per a Chainlysis report from Tuesday. The leading crypto exchange also reportedly facilitated $90 million in BTC trading volume for Bitzlato post-August 2021, after announcing plans to beef up anti-money laundering checks. Bitzlato is under investigation by the U.S. Justice Department and its Founder Anatoly Legkodymov was charged with money laundering. On-chain security firm Chainlysis reported on Tuesday that Binance facilitated over $345.8 million in Bitcoin trading volume for investigated Russian crypto exchange Bitzlato. Bitzlato was accused of money…

Crypto Recovery Specialist Asset Reality Raises $4.91M to Hire Engineers, Expand Ops

“Asset Reality has a team of ex-law enforcement and private sector asset recovery practitioners. We’ve investigated, we’ve seized, we’ve recovered, we’ve been to court,” Larkin explained. “So it’s trying to fill that big gap that currently exists where you’ve got best practices, you’ve got good tools, but everything just isn’t gelling together. That’s where we slot in.” Source

Islamic Fintech Startup Wahed Opens Physical Office in UK

Wahed has a plan to help its customers grow their funds in the most Sharia-compliant way. American financial technology and service provider, Wahed has extended its global reach with a newly opened office in the United Kingdom (UK). As reported by CNBC, the new office is like a storefront that looks like that of Apple Inc (NASDAQ: AAPL), and it will house staff members that will provide account opening services and investment counseling for prospective customers. Wahed is touted as an Islamic finance banking firm that adheres to the tenets…

Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billion, Europol Says – Exchanges Bitcoin News

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European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with various criminal activities. Bitzlato Senior Management Targeted in Europe, Exchange Infrastructure Dismantled High-ranking executives of the recently busted Bitzlato have been apprehended as part of the international investigation against the crypto exchange with the participation of law enforcement and judicial authorities in several European countries. According to a press release published by the European…

Reformed ‘altcoin slayer’ Eric Wall on shitposting and scaling Ethereum – Cointelegraph Magazine

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Although he’s had a variety of jobs in the industry, including a stint as Arcane Asset’s chief investment officer, Eric Wall is probably best known for shitposting and arguing with people on Crypto Twitter. “Just like any other person, I’m scrolling my Twitter feed, and then you see people saying dumb shit that is incorrect, and that is based on a lie. And then I just argue with that person, and then those arguments lead to long-form Medium articles,” he says with just a faint trace of a Swedish accent.…

ECB Says Digital Euro Will Be Free, Outlines More Plans

The ECB believes that the digital euro answers the increasing preference for digital payment. Speaking to a European Parliament committee on the 23rd of January, an executive board member of the European Central Bank (ECB), Fabio Panetta, revealed that the digital euro will be free to use. The central bank has been committed to developing the digital version of a central bank currency. Upon its successful launch, the central bank digital currency (CBDC) will extend payment options beyond cash offerings. In a statement, the executive board member noted that the…

ApeCoin Buckles As Recent News Of Stolen BAYC Hits The Market 

The Bored Ape Yacht Club NFT collection has been the target of an exploit this January 20th. FranklinIsbored, one of the biggest holders of BAYC NFTs, is targeted with an exploit of OpenSea’s stolen ApeCoin policy which allowed the attacker to sell a marked Bored Ape.  This Bored Ape was marked  as “under review for suspicious activity” which supposedly locks the NFT from being sold. Franklin has been the target of this exploit for the second time this week with the first one being January 20.  Hey @opensea can you…

Amid crypto winter, central banks rethink in-house digital currencies

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Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries have rolled out an active CBDC offering. In this regard, China’s digital yuan witnessed widespread use during the 2022 Winter Olympics.  Other countries that have initiated similar projects include the Bahamas, the Marshall Islands and Nigeria. However, it is being reported that Nigeria’s eNaira has witnessed poor uptake so far, and the others have fared somewhat similarly. Moreover, India too…

QuickNode Raises $60M in Series B at $800M Valuation

Founded in 2017, Miami-based QuickNode offers tools for over 16 blockchains and 33 networks that aim to improve speed, reliability and security for developers The tools include application programming kits (APIs), analytics and end-to-end support. The Core API handles the potential blockchain forks, upgrades and network interruptions for an app. A NFT API makes it easier to find non-fungible tokens and their metadata, and the Token API lets users look up tokens by wallet, token transfers and token details, according to the QuickNode website. Source