News Archives - Page 60 of 63 - News and Education Crypto Exchange

DCG’s crypto-lending subsidiary Genesis files for Chapter 11 bankruptcy

January 20, 2023 10:02 am No Comments

Genesis Global Trading, a subsidiary of the crypto conglomerate Digital Currency Group (DCG), filed for bankruptcy on Thursday night. The firm struggled to raise capital for its lending unit, cut 30% of its staff in January and took a financial hit from major catastrophic crypto events last year. Genesis is the parent company of digital currency asset manager Grayscale. DCG also owns mining and staking company Foundry and digital asset exchange Luno. The U.S. Securities and Exchange Commission charged Genesis and Gemini for the unregistered offer and sale of securities. News Sorce

Rarible adds marketplace builder for Polygon-based NFT collections

January 20, 2023 9:20 am No Comments

Nonfungible token (NFT) marketplace Rarible has announced the launch of a marketplace builder that lets artists and projects customize a marketplace for their NFT collections. The Polygon NFT market has gained “tremendous traction,” the team said.NFT projects are adding new tools or services to navigate the crypto winter. SuperRare recently announced that it laid off 30% of its workforce. NFT CEO, John Crain, said they over-hired when the market conditions were better. However, he also noted this was unsustainable News Sorce

Bitcoin crowd sentiment hit multi-month high as BTC price touches $21K

January 19, 2023 11:36 am No Comments

Crowd sentiment in the Bitcoin market has hit its highest in six months, according to data from analytics firm Santiment. Analysts believe the January BTC price rebound could be a sign that the Bitcoin price bottom is in. The chart below shows three major spikes in investor sentiment since 2021. The run-up to the top and bottom of the prior cycles look surprisingly similar when examining the long-term price behavior of Bitcoin. Market analysts believe the BTC price rebound could signify a market bottom. News Sorce

WEF Predicts Metaverse Tech Will Change Industry First, Moving to the Consumer Space Later

January 18, 2023 8:59 am No Comments

The World Economic Forum (WEF) has published an article predicting how metaverse tech will evolve and how it will be introduced in different sectors. The WEF believes that the implementation of the metaverse will be first applied in industrial environments, instead of being adopted first by consumers. News Sorce

Which tokens could FTX dump on the market?

January 18, 2023 8:52 am No Comments

The new management of the bankrupt FTX exchange has identified $5.5 billion in assets that can be used to repay creditors. Liquid assets include XRP, DOGE, Aptos (APT), Polygon (MATIC), TON, and BitDAO (BIT). The company also holds almost 10 billion OXY tokens for the DeFi broker Oxygen. Founder Sam Bankman-Fried claims FTX US was solvent when it was sold to Sullivan & Cromwell. News Sorce

Binance Will Allow Institutional Investors to Keep Collateral off the Crypto Exchange

January 18, 2023 8:19 am No Comments

Binance will allow investors to post collateral with Binance Custody, which will hold the assets off the internet. Using cold storage wallets, users can trade crypto during volatile sessions without massive outflows on an exchange. The feature could be a major blessing for crypto investors trading in the leveraged markets. Binance has hired an external custodian to help it keep users’ assets safe. The move follows the collapse of rival FTX in November, which raised questions about its ability to keep customers’ funds safe. It is seen as a step towards becoming an institutional-focused exchange. News Sorce

Binance to let institutions store crypto with cold custody

January 17, 2023 7:37 am No Comments

Binance announced the official launch of Binance Mirror, an off-exchange settlement solution that enables institutional investors to invest and trade using cold custody. Mirror accounts for more than 60% of all assets secured on Binance Custody. Mirror service is based on Binance Custody, a regulated institutional digital asset custodian. It’s unclear whether Binance plans to provide similar cold custody services to retail investors. News Sorce

Japanese Regulators Want Crypto Treated Like Traditional Banks

January 17, 2023 7:30 am No Comments

Deputy director-general of the Financial Services Agency’s Strategy Development and Management Bureau, Mamoru Yanase, said crypto needs to be controlled. Crypto regulators in the U.S. and Europe have been urged to enforce the same rules for crypto exchanges as they do for banks and brokerages. Demands were also laid down for money laundering prevention, strong governance, internal controls, auditing and disclosure. News Sorce

Bank of Thailand to allow first virtual banks by 2025

January 16, 2023 12:05 pm No Comments

By allowing virtual banks, Thailand seeks to boost competition and economic growth. The Bank of Thailand will issue three different licenses for interested companies by 2024. There are at least 10 parties interested in granting permissions, the report states. Regulations and supervision will be the same as those for traditional commercial banks. News Sorce

Bitcoin Steps Out Of ‘Fear’ For the First Time in Nine Months

January 16, 2023 10:34 am No Comments

The Bitcoin Fear and Greed Index reached an index score of 52 over the weekend, its highest since April 5. The move follows a 24% gain for the BTC over the past seven days. Since June 2022, the index has been hovering between 20 and 30 in the “Extreme Fear” category. Analysts have labeled the recent move as a bull trap but a weekly close has led some to believe momentum will continue. News Sorce

Category: News

DCG’s crypto-lending subsidiary Genesis files for Chapter 11 bankruptcy

Rarible adds marketplace builder for Polygon-based NFT collections

Bitcoin crowd sentiment hit multi-month high as BTC price touches $21K

WEF Predicts Metaverse Tech Will Change Industry First, Moving to the Consumer Space Later

Which tokens could FTX dump on the market?

Binance Will Allow Institutional Investors to Keep Collateral off the Crypto Exchange

Binance to let institutions store crypto with cold custody

Japanese Regulators Want Crypto Treated Like Traditional Banks

Bank of Thailand to allow first virtual banks by 2025

Bitcoin Steps Out Of ‘Fear’ For the First Time in Nine Months

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