Crypto Exchange Luno's Co-Founder Departed in December
Stranex departed Luno in December nearly 10 years after founding the exchange, which is owned by CoinDesk parent company Digital Currency Group. Source
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Bitcoin
Bitcoin Holds The Line At $20,700, But Losses Are Imminent?
Bitcoin lost steam the previous day and seems poised to re-test its support levels in the coming days. The cryptocurrency rallied on the back of favorable macroeconomic winds and high upside liquidity from overleveraged short traders. As of this writing, Bitcoin trades at $20,800 with a 3% loss in the last
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6 ways the stablecoin space can improve stability in volatile periods
With a value pegged to another currency, stablecoins in theory maintain steady price levels — hence the name. However, as investors saw in the Terra (LUNA) and UST crashes in May 2022, even stablecoins are subject to diminishing value in times of volatility if underlying pegs are lost or drop
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1inch launches proprietary hardware wallet as self-custody trend grows
Decentralized exchange (DEX) aggregator 1inch Network is the latest cryptocurrency platform to move into the hardware wallet industry amid the rise of self-custody.On Jan. 19, 1inch officially introduced the 1inch Hardware Wallet, a proprietary hardware wallet developed by an independent team working within the 1inch Network. In order to provide maximum
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SSV launches $50M ecosystem fund to support ETH staking tech
Validator infrastructure developer ssv.network has launched a new ecosystem fund to support Ethereum proof-of-stake decentralization — a move that the company said would promote innovation around Ether (ETH) staking technologies. The ecosystem fund, valued at $50 million, will support projects building applications using distributed validator technology, or DVT, the company announced
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Aggrieved Customers Serve $2M Lawsuit to Compass Mining for Failing to Return Their Bitcoin Mining Machines
Compass Mining recently sustained a lawsuit by customers who claim the company lost their crypto mining machines in a deal with Bit River.Compass Mining is currently facing a lawsuit for losing Bitcoin (BTC) mining machines procured by customers. According to reports, the aggrieved Bitcoin mining machine owners are suing Compass Mining for more
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Bitcoin Drops To $20,700 As Miner Outflows Surge
On-chain data shows the Bitcoin miner outflows have surged, suggesting that selling from this cohort may be behind the crypto’s decline to $20,700. Bitcoin Miner Outflows Have Registered Multiple Spikes Recently As pointed out by an analyst in a CryptoQuant post, on Wednesday, miners deposited 669 BTC to exchanges. A relevant indicator
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Ukraine to Be Best Crypto Jurisdiction With New Tax Rules, Digital Minister Says in Davos – Regulation Bitcoin News
Ukraine will become the world’s best jurisdiction for crypto assets, the minister overseeing the country’s digital transformation promised. Speaking with media at the World Economic Forum in Davos, Mykhailo Fedorov praised the support from the crypto community for his war-struck nation. Crypto Donations Have Been Critically Helpful to Ukraine Amid Invasion,
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How Bitget Became a Dark Horse and Earns Market Share and Trust From Millions in Crypto Winter – Sponsored Bitcoin News
sponsored 2022 was one of the roughest years in the crypto industry, which saw the collapse of Terra LUNA, Celsius, and FTX, consequently wiping out over $2 trillion from the crypto market. However, the dark horse in the face of these ugly events was the crypto exchange – Bitget. Despite the
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59% of Bitcoin Holders Are Sitting On Profits
59% of Bitcoin holders are profitable as the coin trades above the current Realized Price, which is the cost basis of the average BTC holder, IntoTheblock data on January 19, shows. Parallel on-chain streams show that the realized price of Bitcoin is around $19,700. Comparing this number with the spot BTC price
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