February 04, 11:00 pm
|Russia Expands Its Crypto Mining Capacity, Report Reveals|
The total capacity of crypto mining facilities in Russia has been increasing in the past year, despite the market downturn and sanctions, according to a survey of leading operators. Depressed prices of mining equipment and stronger interest from domestic customers have been identified as major factors for the trend.Miners Prepare for Growth as Tota...
February 04, 9:01 pm
|Pig Butchering Crypto Scams Exploit UK's Companies House: Report|
According to an investigation by The Bureau of Investigative Journalism and the Observer, more than 168 shell companies in the United Kingdom are suspected of operating fraudulent crypto or foreign exchange trading schemes, around half of which are potentially linked to pig-butchering scams.
In fact, these organized crime groups were found to be us...
February 04, 9:00 pm
|Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Tim...|
The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget increase of 4.68%, block intervals were faster than the 10-minute average, at approximately 8 minutes 54 seconds to 9 minutes 31 seconds. However, si...
February 04, 7:00 pm
|Debate Intensifies Over Significance and Implications of Ordinal Inscrip...|
During the past two weeks, members of the cryptocurrency community have discussed the non-fungible token (NFT) concept known as Ordinals. Since the 3.96 MB block (#774,628) was mined, there has been a significant increase in Ordinal inscriptions on the Bitcoin blockchain.Ordinal Inscriptions on Bitcoin Blockchain Spark Debate Among Crypto Community...
February 04, 6:31 pm
|Here's the Next Support for XRP if $0.40 Fails (Ripple Price Analysis)|
XRP's price has not yet shown any significant strength as it continues its struggle to surpass a critical resistance level over recent weeks. Things are not looking much better against BTC, with a major support level getting broken to the downside.
XRP/USDT Daily Chart
On the daily chart, the price has been consolidatin...
February 04, 6:24 pm
|ETH Battles for $1.7K But Worrying Signs Appear, What's Next? (Ethereum ...|
As Ethereum exits its recent consolidation range and aims for the next significant resistance level, the price action leans positive.
The Daily Chart
On the daily chart, the price has been consolidating in a tight range over several weeks. However, it finally seems that a bullish continuation is the most probable scenar...
February 04, 5:49 pm
|Founder of Crypto Scheme My Big Coin to Serve Over 8 Years in Prison|
Randall Crater - the Founder of the fraudulent cryptocurrency business 'My Big Coin' - will spend 100 months in jail.
Federal prosecutors previously insisted his punishment should have been 13 years.
Crater Defrauded Investors With Over $7.5 Million
U.S. District Judge Denise Casper in Boston ruled that Crater should stay in prison ...
February 04, 4:30 pm
|Google Backs AI Firm Anthropic With $300 Million, Following Series B Inv...|
As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Interestingly, in April 2022, Anthropic raised approximately $500 million from sources including Sam Bankman-Fried (SBF), co-founder of FTX; Caroline Elliso...
February 04, 3:05 pm
|Biggest Movers: SHIB Jumps 13% on Saturday, Hitting a 4-Month High|
Shiba inu extended recent gains into the weekend, as the meme coin rose to its highest point in four months. Today’s surge saw prices climb by as much as 13%, and comes despite cryptocurrency markets mostly consolidating. Dogecoin also moved higher, breaking out of a recent ceiling in the process.Shiba inu (SHIB)
Shiba inu (SHIB) was one of t...
February 04, 3:05 pm
|Web3 Dev Andre Cronje Says DeFi is Here to Stay|
2022 was not a great year for decentralized finance (DeFi). The industry saw implosion in itself thanks to the unsustainable high yields that eventually caused the model to collapse. But DeFi is far from dead.
A similar sentiment was echoed by prominent Web3 developer Andre Cronje, who said he does not believe that high yields are 'long gone' and t...
February 04, 12:44 pm
|Marathon Digital Discards HODL Strategy: Sells BTC After More Than 2 Yea...|
Marathon Digital Holdings - one of the leading bitcoin miners - mined 687 BTC in January 2023, a 45% increase compared to the last month of 2022.
However, the company shifted from its non-selling strategy, parting with 1,500 BTC to cover operational expenses.
Change of Plans
Marathon started the year by producing 687 BTC in January,...
February 04, 12:30 pm
|Bitcoin, Ethereum Technical Analysis: ETH Remains Near $1,700 to Start t...|
Ethereum continued to trade close to a key resistance level of $1,700 on Saturday, following Friday's U.S. non-farm payrolls (NFP) report. Yesterday's report showed that 517,000 jobs were added to the U.S. economy in January, better than the 185,000 many were expecting. Bitcoin mostly consolidated however, as traders moved to take recent profits.Bi...
February 04, 11:30 am
|Egyptian Fintech MNT-Halan Secures $400 Million in Funding, Valuation Ri...|
Egyptian fintech MNT-Halan announced on Feb. 1 that it had raised over $340 million via debt and equity and it expects to raise an additional $60 million from leading international investors. The latest funding round sees MNT-Halan's valuation rise to over $1 billion which reportedly makes it the country's 'only private billion-dollar company.''Egy...
February 04, 10:00 am
|Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading|
Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of exchange platforms.Kazakhstan’s Financial Hub Seeks to Amend Its Concept for Trading Digita...
February 04, 9:39 am
|Shiba Inu Explodes 11%, Bitcoin Stalls at $23K (Weekend Watch)|
Bitcoin was quite volatile after the US Federal Reserve announced the latest interest rate hike, which ultimately resulted in tapping a new 5-month high. Since then, though, the asset has calmed at around $23,000.
Several altcoins have outperformed it in the past 24 hours, including Shiba Inu, which has soared by double digits.
Bitcoin Drops Back D...
February 04, 8:30 am
|Samsung Is Preparing Its Own Metaverse Hardware in Partnership With Goog...|
Samsung, the Korean electronics company, has revealed it is working to build its own metaverse and extended reality devices, hinting at the possibility of the launch of a VR headset in the near future. TM Roh, head of Samsung mobile experiences business, stated that the device will be built in partnership with Google and Qualcomm.
Samsung to Enter...
February 04, 6:30 am
|Meta Calls 2023 a 'Year of Efficiency;' Anticipates More Losses in Its M...|
Meta, the company that owns Facebook, Instagram, and Whatsapp, has shared its fourth quarter results, reporting better numbers than expected. While the company beat revenue estimates, CEO Mark Zuckerberg declared 2023 a 'Year of Efficiency,' hinting at a further restructuration of the company to focus on its AI (artificial intelligence) and metaver...
February 04, 5:46 am
|Sri Lanka Dismisses Tim Draper's Idea to Combat Corruption With Bitcoin|
Nandalal Weerasinghe - Governor of the Central Bank of Sri Lanka - rejected Tim Draper's idea to eliminate corruption in the country by embracing bitcoin.
The banker argued that adopting the primary cryptocurrency could worsen the economic situation of the nation.
Dismissing the Bitcoin Concept
The American venture capital investor recently visited...
February 04, 4:30 am
|Binance Says Indian Crypto Exchange Wazirx Can No Longer Use Its Wallet ...|
Binance has announced that Indian crypto exchange Wazirx can no longer use Binance wallet services. Zanmai, the operator of Wazirx, has until Feb. 3 'to remove the funds from the accounts that they used for Wazirx's operations.' The move followed a public dispute regarding the relationship between Binance and Wazirx.
Binance Ends Wallet Services to...
February 04, 2:30 am
|Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis|
Blockchain analytics firm Chainalysis says 2022 was 'the biggest year ever for crypto hacking,' with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi) protocol hacks accounted for 82.1% of all cryptocurrency stolen by hackers during the year.Crypto Hacking Hit Record High in 2022
February 04, 1:00 am
|Binance Returns to Korean Crypto Market — Invests in Troubled Exch...|
Binance has returned to the South Korean cryptocurrency market after two years with a 'meaningful' investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis Global.Binance Invests in Troubled Korean Crypto Exchange
February 04, 12:54 am
|Crypto Exchange Bitfinex Transfers $8.5M to Alameda Consolidation Addres...|
Blockchain security firm PeckShield has disclosed a series of transfers from three addresses, including one from crypto exchange Bitfinex to Alameda Research's consolidation wallet.
According to Etherscan, the address labeled 'Alameda Consolidation' received $13 million worth of crypto assets from three different wallets.
The first belongs to the ...
February 03, 11:30 pm
|Uzbekistan Collects Over $300,000 From Crypto Sector|
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies.Crypto Exchange in Uzbekistan Pays Over $10,000 a Month to the State Coffer
February 03, 11:04 pm
|Core Scientific Hands Over 27K Mining Rigs to NYDIG to Pay off a Debt|
The once-prominent bitcoin miner Core Scientific inked an agreement with the New York Digital Investment Group (NYDIG) to hand over 27,403 of its mining machines and thus pay off an outstanding debt of $38.6 million.
The company filed for bankruptcy protection a few days before Christmas 2022.
Looking for a Way Out
According to a filing with the ba...
February 03, 10:00 pm
|Experts Predict Future Regulation of Crypto Exchanges by 2025, With Spli...|
Following finder.com's reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will be regulated, but not until 2025 or 2030. When regulation ...
February 03, 9:37 pm
|Orion Protocol Hacked for $3 Million Through Reentrancy Attack|
Orion Protocol – a liquidity aggregator for both CeFi and DeFi exchanges – saw its core contract hacked on Thursday across both its Ethereum and Binance Smart Chains (BSC) deployments.
The hacker netted over 1700 ETH, cumulatively worth over $3 million at writing time.
Another Reentrancy Hack
As explained by the blockchain s...
February 03, 8:30 pm
|Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum|
A recent report details that Russia's largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank's blockchain laboratory, said that open testing will begin in March.Sberbank's Defi Platform to Enable Large-Scale Commercial Operations
According to a repor...
February 03, 6:47 pm
|Craig Wright's Case Against Bitcoin Developers Headed to Full Trial|
Tulip Trading – a Seychelles-based company founded by Craig Wright – has successfully brought its case against multiple Bitcoin developers to trial in the United Kingdom.
Wright’s firm alleges that these developers owe “fiduciary duties,” or “duties of care” to police and control the Bitcoin network.&...
February 03, 6:30 pm
|DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy C...|
Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the motion would duplicate the efforts of the federally appointed independent examiner.U.S. Trustee Argues ...
February 03, 6:00 pm
|Foxify Announce Partnership with Tyson Fury|
PRESS RELEASE. Foxify have just confirmed a brand partnership with Tyson Fury in an industry leading move. It comes following the hype of the brand reveal in January. The two-time world heavyweight champion is undefeated, with a legion of fans that follow his extraordinary career.
What is Foxify? From the founding team of MDB (Make DeFi Better) c...
February 03, 5:10 pm
|Logan Paul Faces Class Action Lawsuit Over Alleged CryptoZoo NFT Rug Pul...|
American media personality, professional wrestler, and actor Logan Paul is one of the defendants in a class action lawsuit filed against failed non-fungible token (NFT) project CryptoZoo.
The class action, filed by police officer Don Holland on behalf of 20,000 other victims, alleges that Paul and other defendants executed a rug pull after manipula...
February 03, 5:04 pm
|Biggest Movers: SHIB, DOT Remain Near 3-Month Highs, Despite Crypto Mark...|
Shiba inu was one of Friday’s biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today’s session, despite the global cryptocurrency market cap falling 1.28% at the time of writing. Polkadot was also higher, as it continued to trade above a key price ceiling....
February 03, 4:10 pm
|Optimism (OP) Skyrockets to New ATH, Gains Over 40% Weekly|
Optimism continues to perform. The cryptocurrency just painted a fresh all-time high which, at this point, happens almost daily.
This brings its total gains for the week to around 43%.
Optimism continues to be one of the best performers within the cryptocurrency market, and its native token - OP - managed to increase by 43% in the past seven days....
February 03, 3:37 pm
|Bitcoin Taps 5-Month Highs, Fed Hikes Rates as Expected, Optimism (OP) L...|
The past seven days saw the total cryptocurrency market capitalization increase by around $35 billion, and the industry continues to recover from the multitude of bankruptcies in 2022.
Some argue that the pace of the recovery is slowing down and that this might be the cause for another bearish reversal. Others are making a bullish case because they...
February 03, 3:00 pm
|Ethereum Network's Rising Gas Fees in 2023: A Balancing Act of Growth an...|
Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum's price seeing significant growth this year, its network's gas fees have also seen a similar increase. As the demand for Ethereum's capabilities continues to soar, it remains t...
February 03, 2:47 pm
|Crypto Price Analysis Feb-3: ETH, XRP, ADA, MATIC, and FTM|
This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Fantom.
Ethereum, the second-largest cryptocurrency, continued to consolidate this week. The price only registered a 2.9% increase. This is because ETH is stuck in a channel between $1,670 and $1,550.
All attempts to break these levels were rejected in...
February 03, 1:40 pm
|US Regulators Launch Official Probe Into Silvergate-FTX Dealings|
Silvergate, one of many creditors to take huge losses due to FTX going under, was previously forced to lay off 40% of its staff.
This hit to its business was compounded by billions of dollars in substantial loans taken out to cover a potential bank run the organization feared might occur after FTX’s collapse.
Silvergate in The Hot Seat
February 03, 1:34 pm
|Bitcoin, Ethereum Technical Analysis: BTC Falls From Recent High, Ahead ...|
Bitcoin retreated from a six month high on Feb. 3, as bears reentered the market ahead of today's U.S. non-farm payrolls (NFP) report. Following a move above the $24,000 level on Thursday, sentiment shifted, as traders prepared for the pivotal report, which is expected to come in at 185,000. Ethereum was also in the red, giving up a five month peak...
February 03, 12:30 pm
|South African Retailer Pick n Pay Now Accepting Payments via BTC at All ...|
Pick n Pay, one of South Africa's leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay's customers can now buy items such as groceries, airtime and electricity tokens. Using BTC for Everyday Purchases
Just a few months after it began accepting bitcoin paym...
February 03, 11:57 am
|Binance Gives Deadline for WazirX to Withdraw Client Assets Stored in it...|
The world's leading crypto exchange has given an ultimatum to the operator of WazirX to withdraw all customer funds stored on Binance's infrastructure and wallets.
This comes as Zanmai has supposedly refused to retract a previous 'false public statement' against Binance.
The spat between the two crypto trading platforms began last year when the In...
February 03, 11:09 am
|Cardano Price Faces Make-or-Break Moment, Can Djed Propel ADA?|
The Cardano price is experiencing a strong year-to-date (YTD) increase of around 62%. Nevertheless, ADA is facing a crucial make-or-break moment in the 1-day chart, which could decide the long-term trend.
At press time, the ADA price was at $0.40, registering a slight 1.1% decline over the past 24 hours, with a 5.4% gain for the week. This puts the...
February 03, 11:00 am
|Addressable Raises $7.5 Million to Help Web3 Marketers Reach Their Audie...|
Addressable, a decentralized marketing startup, has raised $7.5 million in its seed round to tackle the current marketing woes in the Web3 area. The company claims its software can pair the onchain addresses of users with their social accounts, giving Web3 marketers more knowledge about their audiences to make efficient advertising campaigns in the...
February 03, 10:46 am
|Binance Returns to South Korea to 'Rebuild' the Local Crypto Industry (R...|
The world's largest cryptocurrency exchange - Binance - reportedly restored operations on the South Korean market after acquiring a majority stake in the distressed local platform Gopax.
It halted operations in the Asian country in 2021, citing low interest and usage among local traders.
Back in South Korea
Binance revealed its int...
February 03, 9:48 am
|Market Watch: Terra USTC Skyrockets 62%, ETHW Up 17%|
After marking a multi-month high yesterday above $24,000, bitcoin was violently rejected and has dropped by almost $1,000 since then.
Most altcoins are also in the red today, but there're some notable exceptions. The so-called Classic tokens from the Terra ecosystem, as well as ETHW, are all up by double digits.
BTC Stopped at $24K
Bitcoin closed i...
February 03, 9:30 am
|Report: Egyptian Lawmakers Hail Parliament's Endorsement of Pact to Join...|
Egyptian lawmakers recently hailed the parliament's endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex reserves. Joining BRICS
February 03, 8:10 am
|BlockJoy Secures $11M From Gradient Ventures, Draper Dragon to Launch De...|
[PRESS RELEASE - Boston, MA, 2nd February 2023]
Helium co-founder and early founding team member launch a whitelabel blockchain nodes-as-a-service startup to reduce operating costs by up to 80 percent for enterprises running nodes for Staking and APIs as a service.
BlockJoy is building the Web3 version of AWS on decentralized infrastructure, while ...
February 03, 8:05 am
|Metacade Presale Pasts $5M as GameFi Investors Tend to Buy MCADE Tokens|
[PRESS RELEASE - London, United Kingdom, 2nd February 2023]
The Metacade presale is selling out fast, with stage 3 coming to a close after just 12 days. The presale of the play-to-earn (P2E) metaverse arcade saw its previous rounds sell out within 4 weeks, raising $2.7 million but this has been dwarfed in comparison to the third stage selling out a...
February 03, 8:00 am
|Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Expert...|
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback.Launch of Russia’s Digital Ruble Said to Result in Losses for Bankin...
February 03, 7:34 am
|MetaMask Unveils New Privacy Features for Crypto Wallets|
On Feb. 2, industry-dominant crypto wallet MetaMask announced that users will see an “updated experience” for wallet creation and upgrades in their privacy and security settings.
“We have updated the extension to maximize the control you have over your data,” it said.
Under the advanced privacy settings, users can now toggle...
February 03, 6:30 am
|Ebay Expands Into NFT and Web3 Space With New Job Openings|
The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a 'creative crypto attorney' for the marketplace, Knownorigin, which it acquired in June 2022.Big Corporations Still Seek Workers to Manage Crypto and B...