When bitcoin’s performance is positive in January, the rally tends to continue, the report said. Original
Bitcoin Price Could Reach $45,000 by Christmas 2023: Matrixport
Month: February 2023
Celsius publishes list of users eligible to withdraw majority of assets
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…
Cardano-Based Djed Stablecoin Attracts 27M ADA Tokens as Reserve Backing
Djed started on Tuesday and has a collateral backing ratio of 600% at the time of writing. Source
Nigeria Extends Deadline for Returning Soon-to-Be Demonetized Naira Banknotes – Africa Bitcoin News
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…
Bitcoin UTXOs Older Than 5 Years Surged During Bear Market
UTXO or unspent transaction output is the amount of bitcoin someone is left with after executing a transaction. Source
India Keeps Restrictive Crypto Tax Rules In 2023 Budget
India has kept its restrictive crypto tax rules unchanged in 2023. In fact, Finance Minister Nirmala Sitharaman did not mention crypto, virtual digital assets or central bank digital currencies or the digital rupee while unveiling the nation’s budget which indicates the latest tax rules. Source
Voyager Creditors Reject Alameda’s Attempt to Recover $446M
The Creditors’ rejection follows a veto by Voyager itself. Source
Toyota to explore blockchain use cases via DAO hackathon
Automotive giant Toyota is delving deeper into blockchain use cases through its involvement with a Web3 hackathon for decentralized autonomous organization (DAO) developers. On Feb. 1, multi-chain smart contract and decentralized application (dApp) network Astar announced its inaugural Web3 hackathon. The news of note, however, was that it’s being supported by the Toyota Motor Corporation. Founder of the Astar Network, Sota Watanabe, commented on the significance of Toyota’s involvement in the initiative: “During the event, we aim to develop the first PoC (Proof of Concept) DAO tool for Toyota’s employees.…
Ripple Sold $226M of XRP in Q4; Sees Strong Growth in On-Demand Liquidity Product
Meanwhile, Ripple said that XRP spot markets experienced a general downtrend by way of average daily volumes at roughly $700 million, down from $1.1 billion in Q1 2022. However, it sees investment activity to return to tools that facilitate payments, trading and custody, in the near future. Source
Decentralized Twitter alternative goes live on Apple’s App Store
Damus, a so-called “Twitter killer” built on a decentralized network has been approved on the Apple App Store. The Damus team confirmed the approval to its 11,500 Twitter followers on Jan. 31, following what it claims was at least three rejections from the Big Tech player. Shortly after, Twitter co-founder and Nostr contributor Jack Dorsey shared the news with his 6.5 million followers, with the entrepreneur labeling it as a “milestone” moment for open source protocols: a milestone for open protocols…#nostr is now officially on the Apple App Store with…