Author: e_cash_top

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[ad_1] Silvergate Capital, the parent company of Silvergate Bank, revealed limited exposure to Genesis Global Capital in a press release published on Jan. 20. Silvergate said it had less than $2.5 million deposits between itself and Genesis on two separate dates — Dec. 31, 2022, and Jan. 19, 2023. The company said that Genesis is…

Bitcoin up 50% from bear market low outperforming SPY, Gold

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[ad_1] The bear market rally that perplexed much of the crypto industry continued into the weekend as Bitcoin hit $23,230 for the first time since August 2022. Bitcoin is now up 50% from its local low of $15,400. Source: TradingView BTC-USD Bitcoin has moved into a leading position among global assets outperforming major asset classes.…

Differentiating Bitcoin from the rest of the crypto market: Part 1

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in Uncategorized

[ad_1] Initially, the term “crypto asset” meant bitcoin and nothing else. However, the sector has experienced massive expansion by creating thousands of alternative crypto assets and tokens over the past decade. And while all of this activity was made possible by the Bitcoin network’s seminal use of blockchain technology, the reality is the intended utility…

How the top 5 AI tokens, AGIX, FET, OCEAN, RLC, and NMR fared during 2022

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[ad_1] Artificial Intelligence (AI) crypto tokens are riding a wave of interest that began with the release of chatbot ChatGPT, which has captured the imaginations of people across the globe. The apparent capabilities of ChatGPT showcase the potential of AI to revolutionize multiple aspects of life. As such, some are touting AI crypto tokens as…

Nearly $400M in crypto liquidations over 24 hours pushes Bitcoin above $23k

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[ad_1] Quick Take: The crypto market has recorded nearly $400 million in liquidations in the past 24 hours. BTC briefly surpassed $23k. Only 11.7% of all BTC supply now sits on exchanges, the lowest amount since December 2017. Almost $500 million in Bitcoin has been withdrawn from exchanges in the past 24 hours. However, Ethereum…

Bitcoin surpasses $22k as 20k BTC pulled off exchanges

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[ad_1] Quick Take: Jan. 20 saw 20k BTC pulled from exchanges. The majority of the coins have been pulled from Binance — roughly ~13k Bitcoin. Over $100 million has been liquidated in the past 4 hours. Bitcoin: Balance on Exchanges (Source: Glassnode) Bitcoin Price (Source: TradingView) The post Bitcoin surpasses $22k as 20k BTC pulled…

Genesis files for bankruptcy; Cardano creator wants CoinDesk

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[ad_1] The biggest news in the cryptoverse for Jan. 20 saw Genesis Global Capital file for bankruptcy. Elsewhere, Cardano creator Charles Hoskinson confirmed that he is interested in acquiring CoinDesk. ByBit said its exposure to Genesis was limited to its investment arm, and former FTX.US president Brett Harrison is reportedly raising funds for a new…

SEC says Mango Markets attacker stole $116M, violated securities laws

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[ad_1] The U.S. Securities and Exchange Commission (SEC) has charged Mango Markets attacker Avraham Eisenberg, according to a Jan. 20 press release. The regulator accused Eisenberg of manipulating the MNGO cryptocurrency token. Beginning in October 2022, Eisenberg used multiple accounts to swap perpetual futures and MNGO tokens. After driving up the price of MNGO, Eisenberg…

DCG responds to Genesis bankruptcy; Bitcoin jumps 4% as contagion fears lessen

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[ad_1] Digital Currency Group, the parent company of both Genesis and Grayscale, released a statement on Jan. 20 commenting on the news that Genesis had filed for Chapter 11 bankruptcy. Following the statement’s release, Bitcoin climbed above $21,000 to a year-to-date high of $21,912. The fate of DCG has been assessed as a significant potential…

Market hedged the shortest amount in over 2 years as Bitcoin rose to $21k

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