Bitcoin could take a break from its sharp rally and if its price bounces off underlying support, APE, MANA, AAVE and FIL could break out.
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Terra lending protocol Mars to launch mainnet
The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during the two snapshots on Terra Classic.
Central African Republic eyes legal framework for crypto adoption
A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in Central African Republic and expedite the development of the national economy.
Binance Charity to provide over 30K Web3 scholarships in 2023
Among the education centers involved include colleges in Australia, Cyprus and Germany, Nigerian-based tech hub Utiva, Women in Tech, and two Ukrainian organizations.
Binance Charity to provide over 30K Web3 scholarships in 2023
The philanthropic arm of Binance — Binance Charity — is set to fund 30,655 scholarships to students keen on forging a career in Web3 in 2023.
The Binance Charity Scholar Program (BCSP) will provide free Web3 education and training courses which will enable tech-savvy students to upskill without having to leap-frog any unnecessary financial barriers, Binance Charity explained, in a Jan. 20 blog post:
“We recognize that digital education and skills development can be out of reach for many, resulting in a blockchain industry that lacks diversity and talent. The Binance Scholar Program changes all that, covering the costs of tuition and course fees at some of the world’s leading universities, colleges and vocational training providers.”
The blog post stated that over 82,000 applicants were interested in becoming a part of the next BCSP cohort, which equates to an acceptance rate of about 37%.
Amongst the education partners getting involved include University of Western Australia, University of Nicosia in Cyprus, Frankfurt School of Finance & Management in Germany, and Nigerian-based technology hub Utiva.
Binance's SWIFT banking partner set to ban USD transfers below $100K
Binance stressed that credit and debit card payments will continue to be accepted and that non-USD bank transfers would still be processed through the SWIFT payment system.
Genesis files for bankruptcy, FTX explores a reboot, and Bitzlato news: Hodler’s Digest: Jan. 15-21
Top Stories This Week
Crypto lender Genesis files for Chapter 11 bankruptcy
FTX contagions continue to spread through the crypto industry, with Genesis Capital filing for bankruptcy protection in New York, estimating liabilities in the range of $1 billion to $10 billion, and assets at the same level. The company plans a “dual track process,” which will pursue “sale, capital raise, and/or an equitization transaction” and enable the business “to emerge under new ownership.” Genesis’ derivatives, spot trading, broker-dealer and custody businesses are not included in the proceedings, according to the company. In an effort to maintain liquidity, Genesis parent company Digital Currency Group suspended dividend withdrawals.
Bitzlato and its founder face enforcement actions from US authorities
United States authorities have taken enforcement actions against crypto firm Bitzlato, seizing the company’s website and labeling the business as a “primary money laundering concern” connected to Russian illicit finance. As part of the case, FBI officials arrested Russian national Anatoly Legkodymov in Miami. The criminal complaint claims the firm was a “crucial financial resource” for the Hydra darknet marketplace, allowing users to launder funds, including those from ransomware attacks.
Genesis files for bankruptcy, FTX explores a reboot, and Bitzlato news: Hodler’s Digest: Jan. 15-21
Top Stories This Week
Crypto lender Genesis files for Chapter 11 bankruptcy
FTX contagions continue to spread through the crypto industry, with Genesis Capital filing for bankruptcy protection in New York, estimating liabilities in the range of $1 billion to $10 billion, and assets at the same level. The company plans a “dual track process,” which will pursue “sale, capital raise, and/or an equitization transaction” and enable the business “to emerge under new ownership.” Genesis’ derivatives, spot trading, broker-dealer and custody businesses are not included in the proceedings, according to the company. In an effort to maintain liquidity, Genesis parent company Digital Currency Group suspended dividend withdrawals.
Bitzlato and its founder face enforcement actions from US authorities
United States authorities have taken enforcement actions against crypto firm Bitzlato, seizing the company’s website and labeling the business as a “primary money laundering concern” connected to Russian illicit finance. As part of the case, FBI officials arrested Russian national Anatoly Legkodymov in Miami. The criminal complaint claims the firm was a “crucial financial resource” for the Hydra darknet marketplace, allowing users to launder funds, including those from ransomware attacks.
Genesis files for bankruptcy, FTX explores a reboot, and Bitzlato news: Hodler’s Digest: Jan. 15-21
Top Stories This Week
Crypto lender Genesis files for Chapter 11 bankruptcy
FTX contagions continue to spread through the crypto industry, with Genesis Capital filing for bankruptcy protection in New York, estimating liabilities in the range of $1 billion to $10 billion, and assets at the same level. The company plans a “dual track process,” which will pursue “sale, capital raise, and/or an equitization transaction” and enable the business “to emerge under new ownership.” Genesis’ derivatives, spot trading, broker-dealer and custody businesses are not included in the proceedings, according to the company. In an effort to maintain liquidity, Genesis parent company Digital Currency Group suspended dividend withdrawals.
Bitzlato and its founder face enforcement actions from US authorities
United States authorities have taken enforcement actions against crypto firm Bitzlato, seizing the company’s website and labeling the business as a “primary money laundering concern” connected to Russian illicit finance. As part of the case, FBI officials arrested Russian national Anatoly Legkodymov in Miami. The criminal complaint claims the firm was a “crucial financial resource” for the Hydra darknet marketplace, allowing users to launder funds, including those from ransomware attacks.
Bitcoin due new 'big rally' as RSI copies 2018 bear market recovery
There is plenty to be optimistic about when it comes to further BTC price gains, RSI analysis concludes.
Bitcoin due new 'big rally' as RSI copies 2018 bear market recovery
Bitcoin (BTC) is in for a new “big rally” as market strength copies conditions from after the 2018 bear market.
According to the latest analysis, BTC/USD will continue to head higher “after some consolidation” thanks to key signals from its relative strength index (RSI).
Bitcoin prints never-before-seen bullish divergence
With the BTC price gains still coming, Bitcoin bulls are feeling increasingly confident despite widespread mistrust of the longevity of the current rally.
For popular trader Crypto Wolf, a key phenomenon now underway sets Bitcoin’s latest recovery apart from all others.
RSI, he noted on Jan. 18, had printed a long-awaited bullish divergence on weekly timeframes — something which has never happened before.
Going cashless: Norway's digital currency project raises privacy questions
At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu.
Dead cat bounce? Bitcoin price nears $23,000 in fresh 5-month high
Bitcoin is not far from reclaiming its 200-week moving average, but traders are still highly suspicious of the bullish BTC price action.
Dead cat bounce? Bitcoin price nears $23,000 in fresh 5-month high
Bitcoin (BTC) took a swing at $23,000 into Jan. 21 as Asia buyers drove fresh market strength.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBid liquidity causes suspicion
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD battling bears to reach $22,790 on Bitstamp overnight — its highest since August.
With new multi-month peaks coming in quick succession despite fears of a major correction, Bitcoin continued to surprise as traders cleared the way for more upside.
As noted by intraday trader Skew, Asia was leading the way into the weekend, with sellside pressure from market makers being absorbed on exchanges.
“Another rally driven by asia bid. TWAP buyers absorbing the sell pressure from MMs. Large spot bid lifting offers & ask wall pulled prior to another short squeeze,” Skew commented on a composite chart.
FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner
The lack of recordkeeping of FTX coupled with “an auditor no one’s ever heard of” forces the CFTC to ask questions about the mindset of the institutional investors.
SBF to forfeit $700M worth of assets if found guilty of fraud
While most of SBF’s have been seized, Federal prosecutor Damian Williams outlined that the government is also looking to take control of three of his affiliated Binance accounts.