Category: Latest news

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[ad_1] YouTube influencer Logan Paul will create a refund plan for his troubled CryptoZoo NFT project, as announced in a Twitter video on Jan. 13. CryptoZoo will redeem user tokens In 2021, Paul and a larger team began to create CryptoZoo, a collectible NFT project on Binance Smart Chain. However, growing dissatisfaction with the project…

Binance Futures to launch FETUSDT perpetual contracts as AI cryptocurrencies surge

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[ad_1] Binance Futures will launch FETUSDT perpetual contracts on January 17, 2023, with leverage of up to 20X. However, as market risks change, Binance may adjust contract specifications, including maximum leverage and initial margin, according to reports. It is also possible to trade FETUSDT Perpetual Contracts across multiple margin assets through Multi-Asset Mode. For instance,…

India’s central bank governor calls for ban on crypto, compares it to gambling

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[ad_1] Reserve Bank of India (RBI) governor Shaktikanta Das called for a ban on crypto during a recent conference, according to a Jan. 13. report from India Today. Das said that the central bank’s stance on cryptocurrency “is very clear – it should be banned.” He went on to state that cryptocurrency “does not have…

Justin Sun says he may spend $1 billion on DCG assets

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[ad_1] Justin Sun could spend $1 billion of his funds to buy assets belonging to Digital Currency Group, according to a report from Reuters on Jan. 13. Sun told the media company that he could spend that amount to buy a portion of DCG’s assets “depending on their evaluation of the situation.” Reuters was unable…

Illegal on-chain cryptocurrency activities reach all-time highs of $20.1B

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[ad_1] Illicit cryptocurrency on-chain transaction volume reaches all-time highs of $20.1 billion, growing for the second year in a row, according to a recent report by Chainalysis. The report said: We have to stress that this is a lower-bound estimate — our measure of illicit transaction volume is sure to grow over time as we…

Bitcoin breaks $21,000 alongside $255m of 24-hour spot purchases

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[ad_1] Bitcoin has broken $21,000. According to Coingecko data, BTC was valued at $21,083 at 12:59 a.m. UTC on Jan. 14. Its market cap was $403 billion. That change represents a 12% increase in 24 hours. Bitcoin prices for Jan. 13-14 via CoinGecko (time in PST) Data also shows that $245 million of shorts have…

Ex-Celsius CEO sued by NYAG; Polygon proposes hard fork

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[ad_1] The biggest news in the cryptoverse for Jan. 13 saw Celsius’ former CEO face a NYAG lawsuit as the company announced plans to sell off its mining rigs. Meanwhile, Polygon proposed a hard fork, Crypto.com announced layoffs, and Congress member Tom Emmer criticized the U.S. Securities and Exchange Commission. Plus, various reports and research…

Polygon plans Jan. 17 hard fork to reduce gas fees

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[ad_1] Ethereum (ETH) Layer-2 network Polygon (MATIC) proposed a hard fork on Jan. 17 to reduce gas spikes and address chain reorganizations by changing the BaseFeeChangeDenominator, according to a Jan. 12 statement. Polygon gas spike reduction Although Polygon boasts better scalability and cheaper fees than Ethereum, it is not immune to gas spikes during network…

Stablecoin reserves in centralized exchanges continue to fall after FTX collapse

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[ad_1] Gradually, alongside the cryptocurrency industry, stablecoins are growing in strength and popularity. Their growth results from the stability they offer against cryptocurrency volatility. At the moment, USDT remains the largest stablecoin by market cap, as USDC, Binance USD, and DAI make up the top 4. Prominent stablecoins after FTX collapse The entirety of the…

BTC Hash Ribbon indicator signals miner capitulation could be almost over

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