“Contagion caused by centralized counterparties has elevated Bitcoin’s value propositions: decentralization, auditability, and transparency,” ARK writes. “Its network fundamentals have strengthened and its holder base has become more long-term focused.” Original
Alex Appleton, who has served in this role since September 2020, is departing to “pursue other opportunities.” Source
Amongst the various arms Sam Bankman-Fried’s fallen crypto empire, FTX.US has $260 million in cash. Bankman-Fried has repeatedly claimed that the U.S. wing is solvent. Last month he blogged that FTX US “had at least $111m, and likely around $400m, of excess cash on top of what was required to match customer balances.” Source
B2C2 says it will be the sole over-the-counter (OTC) spot liquidity provider for the digital receipt token sETH-h, built on liquid staking platform Portara. Users that have staked ether on the Ethereum blockchain will be able to use sETH-h tokens to exit their positions or earn rewards elsewhere in the crypto ecosystem. Source
Bitcoin has rallied 40% in the past 30 days, data shows. Source
When bitcoin’s performance is positive in January, the rally tends to continue, the report said. Original
Bankrupt cryptocurrency lending firm Celsius had come up with a withdrawal process for users who had their crypto in its custody when it stopped withdrawals in June 2022. Celsius released an official update on upcoming withdrawals on Jan. 31, providing the list of users that will be eligible to withdraw approximately 94% of eligible custody assets. The firm laid out the process in a 1,411-page court filing with the United States Bankruptcy Court for the Southern District of New York, listing the full names of all the eligible users alongside the type…
Djed started on Tuesday and has a collateral backing ratio of 600% at the time of writing. Source
After initially ignoring pleas to extend the period for returning old naira banknotes, the Nigerian central bank recently said it has shifted the deadline for returning old banknotes to Feb. 10. The bank’s governor, Godwin Emefiele, said some 30,000 so-called super agents have been deployed nationwide to help with the cash-swapping process. CBN Governor Says Currency Swapping Exercise Has Been a Success The Central Bank of Nigeria (CBN) recently said it had extended the deadline for returning the old naira banknotes by ten more days. In his Jan. 29 press…
UTXO or unspent transaction output is the amount of bitcoin someone is left with after executing a transaction. Source