Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi
A Hong Kong official believes that a government-backed stablecoin would serve as a better entry point to Web3 compared to private stablecoins.
Logan Paul threatens to sue Coffeezilla over CryptoZoo ‘scam’ allegations
YouTube boxer Logan Paul, who was spearheading the CryptoZoo NFT project, has accused Coffeezilla of publishing “defamation” about him and the project.
'Big move brewing' for BTC price? Bitcoin may stay flat, hints analyst
The Bitcoin Bollinger Band "squeeze" is not a firm indicator of a breakout, says the metric's creator.
‘Big move brewing’ for BTC price? Bitcoin may stay flat, hints analyst
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 budge.
Despite macro triggers, low-volume holiday trading and a yearly candle close, BTC price action has stuck rigidly to a zone focused on $17,000.
This is the least volatile period in the history of the Bitcoin historical volatility index (BVOL), and other data likewise shows that such sideways behavior is extremely rare.
Twitter data breach: Hacker put 200M users' private information up for grabs
The hacker had demanded $200,000 to return the breached data back in December but warned that if their conditions are not fulfilled, they will release the data for free.
SEC files objection to Binance.US’s plans to acquire Voyager Digital
The SEC wants to see more information included in the $1.022 billion deal between Binance’s U.S. arm and Voyager Digital before it agrees to the acquisition.
US authorities are seizing $460M in Robinhood shares tied to FTX: Report
Officials reportedly told a bankrup judge they were in the process of seizing 56 million shares of Robinhood tied to FTX and its former CEO Sam Bankman-Fried.
Bonk token goes bonkers as traders chase after high yields in the Solana ecosystem
Bonk, a meme token modeled after Shiba Inu (SHIB) that launched on Dec. 25, 2022, and some traders believe the token’s trading volume is potentially driving Solana (SOL) price up. Over the past 48-hours, SOL price has gained to 34% and Bonk is up 117% in the past 24-hours according to data from CoinMarketCap. While the wider crypto market remains suppressed, traders are hoping that Bonk could present new opportunities during the downturn.
According to the project’s website, Bonk is the first dog token on the Solana blockchain. Initially, 50% of the token supply was airdropped to Solana users with a mission to remove toxic Alameda-styled token economics. The airdrop resulted in more than $20 million in trading volume according to the Solana decentralized exchange, Orca.
High yield returns
Liquidity providers (LPs) stand to benefit from interacting with Bonk, and on Jan. 4, LPs are earning over 999% APR, which is much higher than the popular SOL / USD Coin (USDC) pairing.
Liquidity provider returns on Orca. Source: OrcaWhile high yields do not always maintain such a high level, the current rates show a large market demand for Bonk. In addition to the increase in demand, Bonk also burned 1 billion of supply on Jan. 3.
Solana (SOL) bounces alongside Bonk
Blockchains like Solana benefit from increased usage. After the FTX collapse, Solana saw multiple projects leaving the ecosystem. On Jan. 4, Solana saw an 18.6% increase in 24-hour fees and a 15.8% increase in 24-hour daily active users.
Bonk token goes bonkers as traders chase after high yields in the Solana ecosystem
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 CoinMarketCap. While the wider crypto market remains suppressed, traders are hoping that Bonk could present new opportunities during the downturn.
According to the project’s website, Bonk is the first dog token on the Solana blockchain. Initially, 50% of the token supply was airdropped to Solana users with a mission to remove toxic Alameda-styled token economics. The airdrop resulted in more than $20 million in trading volume according to the Solana decentralized exchange Orca.
High yield returns
Liquidity providers (LPs) stand to benefit from interacting with Bonk, and on Jan. 4, LPs are earning over 999% APR, which is much higher than the popular SOL/USD Coin (USDC) pairing.
Liquidity provider returns on Orca. Source: OrcaWhile high yields do not always stay high, the current rates show large market demand for Bonk. In addition to the increase in demand, Bonk also burned 1 billion of supply on Jan. 3.
Solana (SOL) bounces alongside Bonk
Blockchains like Solana benefit from increased usage. After the FTX collapse, Solana saw multiple projects leaving the ecosystem. On Jan. 4, Solana saw an 18.6% increase in 24-hour fees and a 15.8% increase in 24-hour daily active users.
Celebs who got burned endorsing crypto and those that got away with it
Screen actors and sports stars copped most of the backlash for 2022’s crypto endorsements, while soccer legends appear to have gotten away with it.
Celebs who got burned endorsing crypto and those that got away with it
Screen actors and sports stars copped most of the backlash for 2022’s crypto endorsements, while soccer legends appear to have gotten away with it.
Celebs who got burned endorsing crypto and those that got away with it
Screen actors and sports stars copped most of the backlash for 2022’s crypto endorsements, while soccer legends appear to have gotten away with it.
Celebs who got burned endorsing crypto and those that got away with it
Screen actors and sports stars copped most of the backlash for 2022’s crypto endorsements, while soccer legends appear to have gotten away with it.
LG Electronics' latest partnership seeks to bring interoperable metaverse platforms to TVs
The partnership hopes to bring the Metaverse directly into the living rooms of viewers.
US Congress investigations into FTX are in limbo without a House Speaker
With no leadership elected to the House of Representatives, efforts to address fraud allegations at FTX or legislate crypto may be delayed indefinitely.
Cake DeFi publishes Merkle tree-based Proof of Reserves
According to Cake DeFi, users can now verify both assets and liabilities through their website.
Digital assets inflows reached $433M in 2022: Report
Bitcoin and multi-asset investment products saw inflows amounting to $287 million and $209 million last year, according to a report from Coinshares.
Crypto regulation world: How laws for digital assets changed in 2022
While regulations were once seen as hurdles to crypto adoption, they are now perceived as the fastest way to attain global mainstream adoption.
Price analysis 1/4: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI
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 make a decisive move higher. One of the reasons could be renewed fears regarding Digital Currency Group’s liquidity issues, which again came into focus after Gemini co-founder Cameron Winklevoss penned an open letter to DCG CEO Barry Silbert on the alleged $900 million that Genesis owes Gemini.
Daily cryptocurrency market performance. Source: Coin360Among all the gloom, Circle's chief strategy officer and head of global policy, Dante Disparte, sounded positive and said in a Jan. 2 post for The World Economic Forum that the current crisis in the cryptocurrency space may eventually prove to be a boon. Disparte believes that the crypto bear market of 2022 could start “a handover of crypto technology and blockchain infrastructure to steadier hands.”
Could cryptocurrencies break out of the slumber and start a sustained recovery as investors allocate fresh money to various asset classes? Let’s study the charts of the top-10 cryptocurrencies to find out.
BTC/USDT
Bitcoin (BTC) climbed above the moving averages on Jan. 4, indicating buying at lower levels. The next level to watch on the upside is $17,061 where the bears may mount a strong resistance.
