Category: Latest news

[ad_1] 2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20%, which previously beat 2020 that saw over 10% of Bitcoin leaving exchanges. Currently 2.26m Bitcoin sit on exchanges which leaves around 11-12% of the Bitcoin supply on exchanges. Many events triggered the exodus such as Luna and FTX collapse. “Not your keys,…

[ad_1] The European Council’s Eurogroup said on Jan. 16 that any eventual digital euro cannot be programmable and must be automatically convertible to traditional assets. Digital euro must not be programmable The Eurogroup said that the digital euro “cannot be a programmable money.” Though the digital euro must be automatically convertible to the traditional euro…

[ad_1] Japanese regulators are calling for other countries to regulate cryptocurrency like banks, according to a report from Bloomberg on Jan. 16. Mamoru Yanase, Deputy Director General for the strategy bureau at Japan’s Financial Services Agency (FSA), spoke to the news company. He said: “Crypto has become this big…If you like to implement effective regulation,…

[ad_1] Investment advisory firm Monex Group expressed interest in buying FTX Japan, the Japanese subsidiary of bankrupt exchange FTX, Bloomberg News reported on Jan. 16. Monex CEO Oki Matsumoto told Bloomberg that less competition within the local market would invest a “very good thing” for the firm. Matsumoto said, “Generally speaking, we naturally are interested.”…

[ad_1] CoinFLEX could indirectly compensate its creditors with equity value resulting from the launch of the newly-unveiled GTX exchange, according to a Jan. 16 statement. The company made several statements suggesting that CoinFLEX creditors, who are currently prevented from fully withdrawing funds, could benefit from GTX. That value would come from equity. In September, CoinFLEX’s…

[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…

[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…

[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…

[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…

[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…