Tag: News

Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs – Bitcoin News

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The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan portfolio will continue to decrease as the company has discontinued new loan originations backed by mining equipment. Bankprov’s Portfolio of Cryptocurrency Collateralized Loans Decreased by 65% Bankprov disclosed that it holds approximately $41.2 million in cryptocurrency-collateralized loans, with about $26.7 million of the debt backed by crypto-mining…

FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings – Bitcoin News

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FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe Turkish authorities “or any liquidator” in the country will cooperate with officials from the United States. FTX Lawyers Argue for Expelling Turkish Subsidiaries From Bankruptcy Proceedings According to a recent bankruptcy court filing, FTX debtors have submitted a motion to remove the company’s Turkish entities from the…

DOGE Hits 8-Week High as Meme Coins Rally on Tuesday – Market Updates Bitcoin News

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Dogecoin climbed to an eight-week high on Jan. 31, as prices broke out of a key resistance level on Tuesday. The meme coin surged ahead following the release of the latest consumer confidence report in the United States. Shiba inu also moved higher, rebounding from losses to start the week. Dogecoin (DOGE) Dogecoin (DOGE) raced higher on Tuesday, as the meme coin broke out of a key resistance level. Following a low of $0.08578 to start the week, DOGE/USD rose to an intraday high of $0.095 earlier today. As a…

Bitcoin Rallied over the Weekend and UK Treasury is in Search for a CBDC Head – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin continued its comeback over the weekend, as it rallied to a high of almost $24,000. However, this morning it has retraced all of its weekend gains, as it is now around $23,200, which aligns with the range high from the short-term range Bitcoin broke out from over the weekend. The way Bitcoin reacts at this level could be key in determining Bitcoin’s next move. The UK is demonstrating more urgency toward launching a CBDC, as the U.K. Treasury…

ETH to peak at $2,474 in 2023 According to Finder’s Ethereum Price Predictions Report  – Blockchain News, Opinion, TV and Jobs

Ether is bound for another volatile year in 2023, according to Finder.com’s latest Ethereum Price Predictions Report. Finder’s panel of 56 fintech and cryptocurrency specialists think ETH will go as high as US$2,474 and as low as $984 in 2023 before ending the year at $2,184. Ethereum is currently priced at $1,588. Digital Capital Management managing director Ben Ritchie thinks Ether will be worth $2,500 by the end of 2023 but says it could go as low as $900 throughout the year. “Ethereum continues to dominate the market as the…

Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital – Bitcoin News

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On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC. Legal Battle Erupts Over Crypto Asset Transfers Reportedly Made by Alameda Research A newly filed complaint in the FTX bankruptcy proceedings shows Alameda Research, the defunct quantitative trading firm created by Sam Bankman-Fried (SBF), is seeking close to $446 million from…

BTC, ETH Lower, Ahead of Key Week of US Economic Data – Market Updates Bitcoin News

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Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today, with the Federal Reserve holding its policy meeting on Wednesday. Ethereum also moved lower today. Bitcoin Bitcoin (BTC) retreated from a recent five-month high on Tuesday, with prices falling below the $23,000 mark in today’s session. BTC/USD fell to a low…

Panamanian Crypto Bill Might Get a Second Wind in the Highest Court of the Country – Regulation Bitcoin News

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The fate of the Panamanian crypto bill project, which was approved by the Panamanian National Assembly last year, now depends on the decision of the supreme court of the country. The sanction of the project, which was vetoed by President Laurentino Cortizo, is now in the hands of the court after Congress rejected the veto measure. Panamanian Law Still Has Opportunity of Being Approved The Panamanian cryptocurrency bill, which was introduced in 2021 to the National Assembly and passed by the institution last year, has the opportunity of being re-examined…

Meet Ordinals, the New Bitcoin NFT Engine, and the Drama Surrounding Them – Featured Bitcoin News

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Ordinals, a new way of using and getting content using Bitcoin, are enabling creators to harness the utility of NFTs (non-fungible tokens) directly from the blockchain, essentially creating native Bitcoin NFTs. This has stirred the pot in some circles, which are now discussing if this is the way in which Bitcoin’s blockchain should be used, and how this new use case will affect bitcoin nodes and fees in the future. Ordinals Enable Bitcoin NFTs Courtesy of Taproot A newfound use case for the Bitcoin chain is now being tested by…

Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions – Exchanges Bitcoin News

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Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. Supply of Crypto Exchange Accounts for Russian Users Doubles in a Year of Sanctions More and more ready-to-use accounts for cryptocurrency exchanges are being sold to Russian residents. While this is not a new phenomenon — such accounts are often employed by fraudsters and money launderers —…