Bitcoin consolidated marginally below $17,000, as market volatility remained high following the recent Federal Open Market Committee (FOMC) minutes. In December’s meeting, the U.S Federal Reserve agreed to maintain hiking rates, with inflation still near historic highs. Ethereum also remained close to recent highs on Thursday. Bitcoin Bitcoin (BTC) mostly consolidated on Thursday, as price
Month: January 2023
Bitcoin (BTC) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come. BTC/USD is currently seeing some of the least volatile conditions in its history, price metrics show. Volatility far from guaranteed Since the FTX crisis, Bitcoin has settled into a historically narrow trading range which refuses to
200 million Twitter users’ private information, including their email addresses, was put for sale after a breach exposed 400M users’ private information in the last week of December 2022. The hacker behind the December breach has earlier demanded $200,000 from Twitter in a bid to return the stolen data and warned if the demand is
Gold made a strong start to the new year and is trading close to a seven-month high on expectations that the United States Federal Reserve may slow down and hike rates only by 25 basis points in its next meeting on Feb. 1. Cryptocurrency markets have also shown a mild uptick but are yet to
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that are concentrated in crypto-asset-related activities or have concentrated exposures to the crypto-asset sector,” the
Bonk, a meme token modeled after Shiba Inu (SHIB) that launched on Dec. 25, is skyrocketing and some traders believe the token’s trading volume is potentially driving Solana’s (SOL) price up. Over the past 48 hours, SOL price has gained 34%, and in the past 24 hours, Bonk has climbed 117%, according to data from
Digital-asset funds saw inflows totaling $433 million during 2022, the lowest level since 2018, when inflows in the crypto industry reached $233 million, according to the cryptocurrency investment firm CoinShares. Investors’ appetite for digital assets seems not to have been fully affected by the crypto winter, but otherwise encouraged investments in crypto assets in a
Celebrities had a shaky year promoting crypto firms and projects throughout 2022. Many found themselves named in lawsuits over their alleged promotion of since-failed projects, while others have been relentlessly mocked on social media for their involvement in the first place. From movie stars to television actors, sports stars to musicians, many celebrities may be
The United States Departure of Justice has reportedly seized or was in the process of seizing more than $400 million worth of Robinhood shares linked to FTX as part of the case against the crypto exchange. According to a Jan. 4 report from Reuters, U.S. officials told a judge they were in the process of
Ripple Labs CEO Brad Garlinghouse doesn’t often get to speak on Twitter, but when he does, he usually delivers a powerful message. Yesterday, Garlinghouse took to Twitter again to deliver a prediction for 2023. The Ripple CEO explained that yesterday was the first day of the 118th U.S. Congress, and while efforts to bring regulatory
Solana extended recent gains on Wednesday, as the token rose by as much as 15% in today’s session. The move saw prices hit their highest point since mid-December, and comes as market sentiment has shifted in a bullish direction. Cardano was also in the green, as it hit a one-week high today. Solana (SOL) Solana
The fundamental aspects of Bitcoin (BTC) continue to power global financial inclusion, financial privacy and autonomy in conflict-affected nations despite difficult macroeconomic and cryptocurrency market conditions over the past year. These are the key takeaways of an in-depth interview with Prince Philip of Serbia and Yugoslavia conducted by Cointelegraph Brasil’s Cassio Gusson as 2023 gets
Liquid staking protocol Lido Finance appears to have benefited most from the Ethereum merge in September, with its total value locked (TVL) now sitting at the top position among other decentralized finance (DeFi) protocols. According to data from DefiLlama, Lido’s liquid staking protocol now commands $5.9 billion in TVL, compared to MakerDAO’s $5.89 billion and
The New York State Department of Financial Services, or NYDFS, has reached an agreement with Coinbase following an investigation into the cryptocurrency exchange’s compliance program. In a Jan. 4 announcement, the NYDFS said Coinbase will pay a $50-million fine in response to violations of New York’s financial services and banking laws, as well as invest
The bear market has resulted in multiple losses for individuals and even large entities, and according to recent data shared by crypto analytics site, Dune analytics, the majority of all ETH stakers are in the loss while fewer stakers remain in the money. The reason behind the result of more losses than profit is due
Bitcoin (BTC) continued to work on cracking the $17,000 mark on Jan. 4 as an “extremely tight” trading zone held firm. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $17,000 “possible” thanks to CPI print Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $16,906 on Bitstamp, up $300 from the previous day’s low. The