February 2, 2023

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs

February 2, 2023 boss

On Feb. 1 and Feb 2. Bitcoin’s (BTC) price surpassed even the most bullish price projections after the U.S. Federal Reserve (FED) announced plans to raise interest rates by 25 basis points. Even though FED chair Jerome Powell told investors not to wait for interest rate cuts in 2023, during his press conference he did clearly state that the employment data is currently the main focus. The results of the ADP payroll survey revealed on Feb. 1 that U.S. private sector hiring was significantly slower in January. ADP’s measure of…

MicroStrategy Books Impairment Charge of $197.6M on Bitcoin Holdings in Q4

February 2, 2023 boss

The company’s digital asset impairment reflects the decline in the price of bitcoin versus the price at which the bitcoin was acquired. Under standard accounting rules the value of digital assets such as cryptocurrencies must be recorded at their cost and then only adjusted if their value is impaired, or goes down. But if the price rises, that does not get reported unless an asset is sold. Original

Euro stablecoin launched in Finland, claims to be first approved in the EU

February 2, 2023 boss

Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.” Membrane Finance is excited to announce the launch of EUROe on Ethereum! Read more at https://t.co/nV8dYKkBmK, and read the thread below to see how you can get started with $EUROe from today! — EUROe (@EUROemoney) February 2, 2023 U.S.-based Circle Inc.…

Mastercard’s NFT Leader Quits, Mints His Resignation Letter on the Way Out

February 2, 2023

“At Mastercard, I was a victim of harassment and emotional distress caused by a series of mismanaged processes, miscommunication, internal inefficiency. There were months at a time when I wouldn’t receive my salary until I begged across the hierarchy for it, among many other issues,” he wrote, noting that his resignation involved a difficult and drawn-out process. Source

Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March – Technology Bitcoin News

February 2, 2023 boss

The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility with the Ethereum Virtual Machine (EVM). The Optimism Foundation stated in its proposal, “The Bedrock upgrade is a major step towards a multi-chain future.” Optimism’s Bedrock Upgrade: Optimizing Transfer Fees and Improving Node Performance Optimism, the L2 Ethereum scaling solution, plans to upgrade its network in mid-March 2023 with a new ruleset change called Bedrock.…

24 Exchange Crosses $1B Mark in Forex NDFs ADV in January

February 2, 2023 boss

The average daily volume (ADV) of forex non-deliverable forwards (NDFs) traded on 24 Exchange hit over $1 billion in January 2023, Dmitri Galinov, the Chief Executive Officer of the Bermuda-based multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes,…

Crypto Winter Led to 91% Plunge in VC and Other Investments for January

February 2, 2023

Venture capital (VC) and other investments in privately held crypto startups amounted to $548 million last month, a huge drop from $6 billion in January 2022, according to data compiled by CoinDesk. The number of transactions shrank to 62 from 166, and most of the 2023 deals were for smaller, early-stage companies, CoinDesk’s analysis shows. Source

Alleged Mango Markets Exploiter Eisenberg Waives Bail in First NY Court Hearing

February 2, 2023

Eisenberg was arrested in Puerto Rico in the early evening of Dec. 26, and was held there until Wednesday, when he was transferred to New York. Eisenberg’s lawyer, Brian Klein, told U.S. Magistrate Judge Jennifer Willis that his client was tired from his travels, which included a stopover in Oklahoma. Source

Alameda Research wallet receives $13M from Bitfinex, other sources

February 2, 2023 boss

Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, revealed data from blockchain security firm PeckShield on Feb. 2. The address received $6 million in Tether (USDT) and $2.5 million in Ether (ETH) from crypto exchange Bitfinex’s hot wallet, along with $4.5 million worth of USD Coin (USDC) from an anonymous source and 30,000 Lido tokens worth roughly $65,500. #PeckShieldAlert ～$13M worth of cryptos have been transferred to Alameda consolidation-labeled address, including ~6M $USDT & 1,545 $ETH ($2.5M)…

Porsche NFT trading volume nears $5M: Nifty Newsletter, Jan 25–31

February 2, 2023 boss

In this week’s newsletter, read about how Moonbirds founder Kevin Rose lost nonfungible tokens (NFTs) worth more than $1.1 million. Find out why an NFT collector is suing NFT marketplace OpenSea over locking his account for three months and how the Porsche NFT collection gained almost $5 million in sales volume, despite a failed launch. In other news, find out how NFT trademarks could potentially be a reliable signal for NFT traders. Lastly, professionals within the Web3 space shared various ways to combat NFT theft. Moonbirds creator Kevin Rose loses…