Author: e_cash_top
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3AC founders building new exchange; SBF maligned by ex-FTX US president
[ad_1] The biggest news in the cryptoverse for Jan. 16 saw the founders of Three Arrows Capital (and the founders of CoinFLEX) raise funds for a new crypto exchange. Elsewhere, former FTX CEO Sam Bankman-Fried faced harsh words from former FTX.US president Brett Harrison. Plus, Binance has recovered funds from an attack on the DeFi…
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Binance launches off-exchange custodial settlement platform
[ad_1] Binance announced on Jan. 16 the launch of a settlement platform that will allow institutional users to access exchange services while storing funds off-exchange. The new service, called Binance Mirror, will be available to institutional users who lock their assets in Binance Custody’s cold storage service. Those users will be able to “mirror” the…
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Ric Burton got 10k ETH from Buterin for a month of work in 2014
[ad_1] Web3 designer Ric Burton shared how Vitalik Buterin sent him 10,000 Ethereum (ETH) in 2016 as compensation for Buton’s one-month work in 2014 via a thread he posted on Twitter. Meeting the community Burton’s story starts in 2014, just after he got “kicked out of a profitable company” he co-founded. While listening to Bitcoin-related…
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Decentraland shoots up 73% to pre-FTX collapse level
[ad_1] Decentraland (MANA) has recorded a strong performance over the past week, growing 73% to $0.7090 at the time of press. This falls just short of MANA’s pre-FTX collapse price of $0.7137. Since Jan. 08, the total crypto market cap has grown substantially, adding $156 billion to set off a spike in token prices across…
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Buoyant price action has Bitcoin options traders eyeing $30,000
[ad_1] Bitcoin options traders have overwhelmingly re-revised their expectations to $30,000 by the end of March, according to Glassnode data analyzed by CryptoSlate. Recent price action took a decidedly bullish tone during the second week of the new year. Since Jan. 8, BTC recorded seven consecutive green daily closes, which took it 25% higher and recaptured…
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FTT surges 48%; other bankrupt tokens also rise
[ad_1] Bankrupt FTX’s native token FTT is one of the best-performing digital assets in the last 24 hours, surging by over 48% to $2.58, according to CryptoSlate’s data. The embattled exchange token has risen by more than 170% on the seven days metrics. The impressive price performance has pushed it to its highest level since…
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3AC, CoinFLEX co-founders looking to raise $25M for new crypto exchange
[ad_1] Defunct Three Arrows Capital’s (3AC) co-founders Kyle Davies and Su Zhu — along with CoinFLEX co-founders Mark Lamb and Sudhu Arumugam — are looking to raise about $25 million to launch a new crypto exchange called GTX. GTX is designed to help creditors of bankrupt exchanges like FTX, Celsius, BlockFi and Mt.Gox lay claims…
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Bitcoin briefly touches $21,000 in market wide weekend pump
[ad_1] The cryptocurrency market cap saw net inflows of around $6 billion in the last 24 hours and currently stands at $979 billion — up 0.69%. Over the reporting period, Bitcoin and Ethereum’s market cap increased by 0.72% and 0.87% to $402 billion and $189.18 billion, respectively. Most top 10 cryptocurrencies recorded gains over the…
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Bitcoin moves toward neutral sentiment on Fear & Greed index
[ad_1] For the first time since April 2022, the Bitcoin Fear & Greed Index (FGI) has moved out of the ‘fear’ zone and into ‘neutral.’ Over the weekend, Bitcoin reached a score of 52 on the index as Bitcoin pushed over $21,000. Source: alternative. me As of press time, the score has retraced slightly to…
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Bitcoin mining difficulty rose 10%, hits new ATH
[ad_1] Bitcoin (BTC) mining difficulty rose 10% to a new all-time high of 37.59 T from 34.09 T on Jan. 15 The difficulty increase is the largest seen since October 2022, according to Bitrawr data. Source: Glassnode The significant rise on Jan. 15 exceeded almost all of the network’s difficulty increases in 2022 — only…