FTX Bankruptcy Special Counsel and Advisers Bill $38M for January
FTX’s bankruptcy proceeding has teams of lawyers, investment bankers, consultants, and financial advisers working on the case. Original Source
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January
Brazilian Tax Authority Numbers Reveal Cryptocurrency Market Recovery in January – Bitcoin News
Numbers from the Brazilian tax authority indicate that the cryptocurrency market experienced a resurgence in January, with trading increasing more than 10% compared to December. Tether’s usdt is still the currency that moves the most volume, a reality related to OTC (over-the-counter) trades, according to market analysts. Crypto Market Moves Again
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DOGE, SHIB Fall to Lowest Levels Since January – Bitcoin News
Dogecoin dropped to its lowest level since January, as a red wave swept through cryptocurrency markets. The Silvergate bank based sell-off has impacted overall sentiment, with the global crypto market cap down 3.63% as of writing. Shiba inu also dropped, falling to a six-week low. Dogecoin (DOGE) Dogecoin (DOGE) dropped to a
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Gamers made up nearly half of all blockchain activity in January: DappRadar Report
Play-to-earn blockchain gaming experienced a downturn over the last year as gamers prioritized improving the gameplay experience. However, according to a new report from DappRadar, in the first month of 2023, gamers made up nearly half (48%) of all blockchain activity. January also saw the market caps for top gaming
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France to Tighten Crypto Registration Rules Next January
Faustine Fleuret, president of crypto lobby group ADAN, told CryptoX the enhanced registration procedure was a “much more pragmatic approach” than the Senate's. But, she warned, a new requirement to have resilient and secure IT systems could prove difficult for small companies to meet and for regulators to police. Source
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Public miners increased Bitcoin production, hash rate in January
The first production update of 2023 from publicly listed Bitcoin (BTC) mining companies shows a steady increase in hash rate and a surge in BTC production compared to the previous month, according to a new analysis from Hashrate Index. The majority of public miners increased their bitcoin production in January, with
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Crypto Derivative Volumes Saw Speedy Growth as Prices Rose in January
With $1.26 trillion in volume, Binance continued as the largest derivatives exchange in January, followed by Bybit which saw a 115% increase to $301 billion (the only integrated derivative exchange with triple digit month-on-month growth). Bybit recorded its highest-ever market share in derivative markets at 14.6% in January. Original Source
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Ethereum gas price spikes 29% in January as user activity grows: Report
Stepping into 2023, the cryptocurrency market seemingly shrugged off the year-long bearish sentiment from 2022. As investors took notice, the long-awaited price corrections had a significant reaction, showcased through on-chain activities on the Ethereum blockchain.According to a data report from Analytex, Ethereum’s average gas price — calculated in terms of the
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Bitcoin Falls After 517K Jobs Added in January, Beating Expectations
Alongside, the government reported the unemployment rate fell to 3.4%, below the forecast of 3.6%. Source
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Crypto Winter Led to 91% Plunge in VC and Other Investments for January
Venture capital (VC) and other investments in privately held crypto startups amounted to $548 million last month, a huge drop from $6 billion in January 2022, according to data compiled by CryptoX. The number of transactions shrank to 62 from 166, and most of the 2023 deals were for smaller,
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