The charges relate to Gemini's crypto asset lending program, Gemini Earn, according to a press release from the Securities and Exchange Commission.
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US House Republicans plan to establish crypto-focused subcommittee: Report
Representatives French Hill and Warren Davidson will reportedly be the chair and vice chair of the subcommittee, respectively, focused on issues related to crypto.
Crypto Community unimpressed by SBF’s lengthy substack letter
In the letter, SBF denied stealing funds and stashing billions of dollars away.
Nigerian crypto exchange Roqqu receives European virtual currency license
The move allows Roqqu to operate in 30 countries and broaden its services within one of the world's largest crypto markets.
Bitcoin price rallies to $19K, but analyst says a $17.3K retest could happen next
Bitcoin price hit a year-to-date high near $19,000 as pro traders used leverage to propel the pump, but derivatives data hints at reasons for BTC price to retest $17,300.
Bitcoin price rallies to $19K, but analyst says a $17.3K retest could happen next
Bitcoin (BTC) price has gained 15% in the past 13 days, and during this timeframe, traders’ bearish bets in BTC futures were liquidated in excess of $530 million compared to bulls.
After rallying to $19,000 on Jan. 12, Bitcoin reached its highest price since the FTX exchange collapse on Nov. 8. The move was largely fueled by the United States Consumer Price Index (CPI) expectation for December, which matched consensus at 6.5% year-over-year — highlighting that the inflationary pressure likely peaked at 9% in June.
Furthermore, on Jan. 11, FTX attorney Andy Dietderich said $5 billion in cash and liquid cryptocurrencies had been recovered — fueling hopes of partial return of customer funds in the future. Speaking to a U.S. bankruptcy judge in Delaware on Jan. 11, Dietderich stated that the company plans to sell $4.6 billion of non-strategic investments.
Let’s look at derivatives metrics to understand whether professional traders are excited about Bitcoin’s rally to $19,000.
Margin use increased as Bitcoin price rallied to $18,300 and above
Margin markets provide insight into how professional traders are positioned, and margin is beneficial to some investors because it allows them to borrow cryptocurrency to leverage their positions.
90% of businesses adopting blockchain technology, data
A new survey from CasperLabs found that despite education gaps, enterprise adoption of blockchain technology in the U.S., U.K. and China is set to increase in the next year.
Like son, like father as Joseph Bankman retains attorney: Report
Sam Bankman-Fried’s father reportedly advised his son on matters related to lobbying lawmakers in Washington D.C. and may now be cooperating with prosecutors.
BIS economists suggest improving TradFi with CBDC to attract users away from crypto
The latest Bank of International Settlements bulletin looks at ways to mitigate the risks of crypto assets and suggests traditional finance could get its house in better order too.
Blockchain industry shows signs of stabilizing in 2023: Report
December continued to see Bitcoin trade below its 50-, 100- and 200-day moving averages, but stabilization in the DeFi sector is flashing positive signals at the start of 2023.
Miss Universe contestant represents El Salvador with Bitcoin-inspired costume
"You don’t need a sash to walk around dressed as cash," said the Miss Universe 2023 announcer as Alejandra Guajardo showed off her currency-themed costume.
Congress may be ‘ungovernable,’ but US could see crypto legislation in 2023
Bipartisan support for cryptocurrencies exists on both sides of the aisle and in both chambers, but extreme elements could still thwart legislation.
Mining Bitcoin at home — Is it time to start? Market Talks
On this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining — a home-based crypto mining equipment business.
This week, to kick things off, we get to know a little bit about Kramer and his mining business. What are his expertise and experience with crypto mining, and how did he gravitate toward it? We also get his take on the current market conditions and the price of Bitcoin (BTC).
Doing anything from your house, whether it’s working from home or mining cryptocurrencies, comes with its own set of challenges, especially when you’re first starting out. We find out what some of those challenges are and how to overcome them. This is especially useful for anyone looking to set up their own mining rig at home. We discuss the five major things you need to realize before you start out and be ready for from day 1.
Mining Bitcoin or any other cryptocurrency is not as clear-cut as it once might have been. Electricity costs are constantly going up, and with the recent continuous downtrend in the price of Bitcoin, one really has to weigh the cost versus the profitability of mining. We ask Kramer what investors or anyone looking to get into crypto mining should do and what is the best way to calculate your costs and profit margins. Should you just have faith that the price of Bitcoin will eventually go up, or maybe there is a way to get exposure to mining without having to run the rigs yourself?
Ever wondered what cloud mining is or how it works? Is it a new form of mining cryptocurrencies, or could it be a new form of scam? The crypto market can be a dangerous place to operate if you don’t have a well-rounded understanding of the space and how to approach something new in the industry, so make sure you tune in to learn about the ins and outs of cloud mining so you’re well-informed.
Mining Bitcoin at home — Is it time to start? Market Talks
Join us as we discuss everything you need to know about mining crypto from the comfort of your home. Hosting the show will be Cointelegraph’s head of markets, Ray Salmond, with special guest Justin Kramer.
Bitcoin price fails to seal fresh CPI gains as $18K support hangs in balance
BTC price action returns to consolidate on the U.S. CPI release, with Bitcoin firmly undecided on short-term direction.
Bitcoin price fails to seal fresh CPI gains as $18K support hangs in balance
Bitcoin (BTC) wobbled at $18,000 at the Jan. 12 Wall Street open despite United States inflation continuing to fall.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin traders stay wary post-CPI
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering predictable volatility around the release of Consumer Price Index (CPI) data for December.
The first such release of 2023, the event preceded the start of trading on Wall Street, with Bitcoin briefly gapping higher before returning to threaten a breakdown below the $18,000 mark.
In so doing, the largest cryptocurrency copied behavior from one month prior, with resistance at $18,500 remaining untested.
CPI came in at 6.5% year-on-year, in line with the majority of predictions. According to CME Group’s FedWatch Tool, markets were correspondingly betting on a smaller 0.25% interest rate hike from the Federal Reserve at the February meeting of its Federal Open Market Committee (FOMC).
‘Deflation’ is a dumb way to approach tokenomics… and other sacred cows
Having taught and studied token economics at the University of Nicosia, I’ve found that students often have some decidedly muddled beliefs about how what tokens are and how business and token economies work.
Unlike microeconomics and macroeconomics — which are based on decades of research, debate and inquiry that have produced some commonly accepted principles — tokenomics is a much newer field of study full of people without economics experience.
There are many self-professed “experts” who provide advice that sounds fine and is often even sensible in theory but that fails in practice.
When designing a token economy, what you really want to focus on is:
Is the economic strategy repeatable?Is there some way of diagnosing when and how to deploy the strategy for your token and the estimated value of doing so?Is there research that validates the strategy so you can talk about it more credibly?Deflationary tokens
Take, for instance, the idea held dear by many that deflationary tokens have an absolute advantage. “Deflationary” means an ever decreasing supply of tokens, which in theory increases the purchasing power and value of each remaining token. “Inflationary” means the opposite: an ever increasing supply which, in theory, reduces the value of each token.
‘Deflation’ is a dumb way to approach tokenomics… and other sacred cows
Having taught and studied token economics at the University of Nicosia, I’ve found that students often have some decidedly muddled beliefs about how what tokens are and how business and token economies work.
Unlike microeconomics and macroeconomics — which are based on decades of research, debate and inquiry that have produced some commonly accepted principles — tokenomics is a much newer field of study full of people without economics experience.
There are many self-professed “experts” who provide advice that sounds fine and is often even sensible in theory but that fails in practice.
When designing a token economy, what you really want to focus on is:
Is the economic strategy repeatable?Is there some way of diagnosing when and how to deploy the strategy for your token and the estimated value of doing so?Is there research that validates the strategy so you can talk about it more credibly?Deflationary tokens
Take, for instance, the idea held dear by many that deflationary tokens have an absolute advantage. “Deflationary” means an ever decreasing supply of tokens, which in theory increases the purchasing power and value of each remaining token. “Inflationary” means the opposite: an ever increasing supply which, in theory, reduces the value of each token.