Ark Invest CEO sees potential crypto rebound amid whiffs of a Fed pivot. Cryptocurrency and tech investment firm believes inflation will fall and the Fed will pivot in 2023. Ark has a crypto asset fund, disruptive innovation fund, and six active technology and fintech-based funds. News Sorce
A short-lived outage that affected over 50% of the Cardano network was automatically solved within minutes on Sunday. No singular root cause determined as of writing time; developers wrote in a GitHub post. Block-producing nodes were temporarily affected, a Telegram broadcast message shows. News Sorce
Developer activity indicates the blockchain’s health and growth. The metric gives an insight into the level of interest and engagement by devs, which is crucial “for the development of new features, increased security, network effects, innovation, and adoption”. Since the previous year, Solana and Internet Computer saw the most significant increase in active devs. News Sorce
Bitcoin nearly broke its record for the longest streak of daily price candles this month. Industry pundits are not convinced the cryptocurrency will continue its upward trajectory. Analysts believe the recent surge could be short-lived, and is likely to be similar to other rallies in the US stock market. Cryptocurrency analyst and swing trader Capo of Crypto tells his 710,000 Twitter followers that BTC’s push past resistance looks like “the biggest bull trap” he has ever seen. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone cites recessionary-like macroeconomic conditions as too big a barrier for BTC to overcome. News Sorce
Binance has informed its retail customer base of a potential incoming service disruption that may halt on and off-ramp bank payment transfers. Binance stressed that credit and debit card payments will continue to be accepted and that non-USD bank transfers would still be processed through the SWIFT system. News Sorce
Binance Charity, the company’s charitable arm, will provide 30,65 scholarships to students eager to launch a Web3 career in 2023. Education partners include the University of Western Australia, the University of Nicosia in Cyprus, and the Frankfurt School of Finance and Management in Germany. French-based tuition-free training center Simplon, Women in Tech, and Ukraine’s Ministry of Digital Transformation will host events. The partnership with Women in Tech will endeavor to train about 3,000 women in rural South Africa and Brazil. Binance Charity did not confirm when the 30,000+ positions would be filled and when each of the scholar programs would start. The company’s non-profit has raised more than $3.5 million for education projects so far. News Sorce
SBF to forfeit $700M worth of assets if found guilty of fraud. Most of SBF’s assets were seized by the government between Jan. 4 and Jan. 19. The biggest allocations include 55,273,469 Robinhood shares worth roughly $525.5 million. Sam Bankman-Fried, founder and CEO of FTX, has pleaded not guilty to all eight criminal charges laid against him. The government has submitted a forfeiture order for the assets of SBF’s company, alleging that they were obtained unlawfully via customer deposits. News Sorce
Crypto will play a “major role” in the United Arab Emirates’ global trade moving forward, says minister of state for foreign trade Thani Al-Zeyoudi. UAE needs to ensure global governance when it comes to cryptocurrencies and crypto companies, he said. If they fail to do so they could face fines of up to $2.7 million under the new law. News Sorce
The collapse of FTX has triggered a bank run on Silvergate, causing the company to sell assets at a loss and cut staff by 40% to cover $8.1B in withdrawals. Moonstone Bank was reportedly acquired in 2020 by Jean Chalopin, the Bahamas-based chairman of Deltec, another FTX banking partner. News Sorce
Crypto is now the second most widely-owned asset class for women second only to cash. Global investors owning crypto rose from 36% to 39% on a quarter-on-quarter basis. eToro surveyed around 10,000 global retail investors in 13 countries. News Sorce
© 2024, Coinlocally. All Rights Reserved.
