Author: e_cash_top
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Ethereum posts 9 week high to lead the top 10 cryptos
[ad_1] The cryptocurrency market cap saw net inflows of $27.32 billion over the last 24 hours and currently stands at $885.04 billion — up 3.2% from $857.72 billion. Bitcoin’s market cap increased by 4.4% to $350.53 billion from $335.83 billion, while Ethereum’s market cap grew 4.7% to $171.06 billion from $163.4 billion over the reporting…
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Flare token dumps 10% after Ripple CTO advises to sell
[ad_1] Ripple CTO David Schwartz advised the XRP community on Jan. 12 to sell their airdropped Flare (FLR) tokens because holding the asset has no added incentive. Following the tweet, the FLR token dumped roughly 10% to $0.04367 as of press time. Ripple CTO says Flare leveraged the XRP community Schwartz said Flare leveraged the…
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Bitcoin holds steady as Consumer Price Index data comes in as expected
[ad_1] The release of December 2022’s Consumer Price Index (CPI) data showed inflation at 6.5% year-on-year (YoY). This came in the same as estimated. Bitcoin initially dropped 1.4% on the news before recovering. As of press time, it was trading at $18,152. Source: BTCUSDT on TradingView.com The post Bitcoin holds steady as Consumer Price Index…
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Nexo offices raided on allegations of financial crimes
[ad_1] Nexo’s Sofia offices were raided by authorities and “foreign agents” in relation to financial crimes, according to local media outlet Standart News. The report claims investigations into Nexo began several months ago after “foreign services” alerted Bulgarian authorities to suspicious transactions. It added that the nature of these transactions related to sidestepping Russian sanctions.…
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Hong Kong to only allow investing in highly liquid virtual assets
[ad_1] Hong Kong’s Securities and Futures Commission (SFC) Chair Julia Leung said the commission will allow retail investors to trade only highly liquid crypto assets, South China Morning Post reported. Earlier on Jan. 9, Hong Kong’s Financial Secretary Paul Chan announced that from June 2023, the government will start issuing licenses to allow crypto exchanges…
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El Salvador approves Bitcoin bond by passing bill
[ad_1] El Salvador has passed a bill that will allow the country to sell bonds backed by Bitcoin, according to a report from Bloomberg on Jan. 11. The country’s Congress approved the bill with 62 votes in favor and 16 votes against. President Nayib Bukele now must sign the bill. The proposed bonds are part…
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BTC surges near $18,300
[ad_1] Bitcoin prices surged 4.2% in a matter of hours on Jan. 12. At 11:00 p.m. UTC, Bitcoin was priced at $17,548. At 1:00 a.m. UTC, the asset was worth $18,287. Prices began to decline shortly after that high point, though at this early stage, it is unknown what Bitcoin’s long-term price trend may look…
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Binance registers in Sweden alongside other expansion and hiring efforts
[ad_1] Binance has been granted permission to operate in Sweden, according to an announcement published by the cryptocurrency exchange on Jan. 11. Binance registers in Sweden Today’s announcement indicates that the Swedish Financial Supervisory Authority (FSA) has registered Binance Nordics AB as a financial institution. This development means that Swedish users can fully use common…
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FTX, Miami-Dade end stadium sponsorship
[ad_1] A contract that gave FTX naming rights to the Miami Heat stadium in Florida has been terminated, according to a court filing on Jan. 11. That document says that Miami-Dade County, which controls naming rights to the stadium, filed a motion to terminate FTX’s naming rights agreement on Nov. 22, 2022. Now, FTX and…
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Avalanche’s Amazon partnership; Silvergate’s $4.3B bailout
[ad_1] The biggest news in the cryptoverse for Jan. 11 saw Avalanche announce a partnership with AWS as Silvergate revealed that it received a $4.3 billion bailout from a San Francisco Bank. Meanwhile, Robinhood is delisting and selling its BSV, WazirX has published its proof-of-reserves report, and FTX has recovered $5 billion. Plus, research on…