Author: e_cash_top

—

by

[ad_1] Stronghold Digital Mining announced on Jan. 3 that it has reached an agreement with its noteholders to restructure $17.9 million of outstanding debt. Notes are like an IOU from a borrower to a lender and constitute an obligation to pay regular interest to the lender in addition to the repayment of the principal at…

Only 150K Bitcoin remain in Future OI as switch to risk-off fast approaches

—

by

[ad_1] Bitcoin (BTC) began the year risk-off — as seen in the Futures Open Interest (OI) Crypto-Margined metric displayed below. Bitcoin: Percent Futures Open Interest crypto-Margined metric – Source: Glassnode.com The decline in BTC Futures OI percentage seen from July 2021 into 2022 portrayed a recovery into a risk-on narrative throughout 2022. However, starting at…

Bahamas accuses FTX management of impeding investigation

—

by

[ad_1] The Bahamas Securities Commission (SCB) said FTX’s leadership was impeding its investigations by denying the court-appointed Joint Provisional Liquidators (JPL) access to the bankrupt firm’s systems, according to a Jan. 2 press release. The SCB also accused FTX’s CEO John Ray III of false statements that could promote mistrust of public institutions in the…

Crypto OG Erik Voorhees predicts bull market return by 2026

—

by

in Uncategorized

[ad_1] Crypto pioneer and CEO of ShapeShift, Erik Voorhees, predicted the bull market would return within six months to three years. Having been put on the spot for a call, an amused Voorhees told Ryan Sean Adams and David Hoffman of the Bankless Podcast that he often discusses this question with his OG crypto friends…

South Korean court finds former Chairman of Bithumb ‘not guilty’ of fraud

—

by

[ad_1] Lee Jung-hoon, the former chairman of the crypto exchange Bithumb, was acquitted by a South Korean court on Jan. 3. The 34th Division of the Criminal Agreement of the Seoul Central District ruled that the evidence presented was insufficient to incriminate Jung-hoon, as per a local news report. Jung-Hoon was accused of violating the…

Solana maintains positive start to 2023 with green trading

—

by

in Uncategorized

[ad_1] The cryptocurrency market cap saw minor net inflows of around $740 million over the past 24 hours and currently stands at $807.70 billion — up 0.07%. Bitcoin and Ethereum’s market caps decreased by 0.01% to $322.15 billion and 0.15% to $148.80 billion, respectively. The top 10 cryptocurrencies traded flat during the last 24 hours,…

Bitcoin mining difficulty falls 3.6% following winter freeze

—

by

[ad_1] Bitcoin’s mining difficulty fell 3.6% at 3:49 a.m. UTC on Jan. 3. The difficulty change suggests that a fraction of Bitcoin (BTC) miners withdrew from the network — most likely due to reduced mining profitability, according to the latest data from Bitrawr. Fluctuations in the price of BTC are unlikely to be the reason…

Gemini Earn users launch class arbitration against Genesis, DCG

—

by

[ad_1] Three users of Gemini Earn filed a class arbitration case against Genesis Global Capital, Digital Currency Group (DCG), and Genesis Global Trading, with the American Arbitration Association on Dec. 30. Winklevoss twins-owned crypto exchange Gemini offered an ‘Earn’ program where user assets were lent out to Genesis Global Capital, allowing users to earn interest.…

VanEck forecasts BTC price to hit $10K to 12K in Q1 – $30K by Q3

—

by

in Uncategorized

[ad_1] Investment manager VanEck’s head of Digital Assets Research Matthew Sigel predicts Bitcoin (BTC) will hit $10,000 to $12,000 in the first quarter, which will mark the bottom of the bear market. Sigel added that prices will fall to these levels “amid a wave of miner bankruptcies.” Energy crisis renders mining unprofitable In the company statement,…

Dogecoin-rival Bonk records 380% gains since turn of year

—

by