Bitcoin, Ethereum Technical Analysis: ETH Remains Near $1,700 to Start the Weekend 

Feb 4, 2023

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. Bitcoin Bitcoin (BTC) moved lower to start the weekend, as traders continued to secure gains following a recent climb to a six-month high. Fo ...read more

Craig Wright Wants His $2.5 Billion, Demanding For a Bitcoin Hard Fork

Feb 4, 2023

Judge Colin Birss of the London Court of Appeal on Friday, February 3, ruled that Craig Wright’s lawsuit against 14 Bitcoin developers has what it takes to go to trial. Craig Wright: Free My Bitcoin Craig Wright, through Tulip Trading, claims to be Satoshi Nakamoto, the founder of Bitcoin. He is suing 14 developers, seeking to recover 111,000 BTC.  The haul is estimated to be worth around $2.5 billion at spot rates. However, the figure could be higher if BTC continues rallying. In a law ...read more

Biggest Movers: SHIB Jumps 13% on Saturday, Hitting a 4-Month High

Feb 4, 2023

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 the biggest movers in the market for a second consecutive session, with prices rising by as much as 13% higher today. SHIB/USD rose to a high of$0.0 ...read more

Meta Calls 2023 a ‘Year of Efficiency;’ Anticipates More Losses in Its Metaverse Division

Feb 4, 2023

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 metaverse projects in the longer term Meta Reports Better Than Expected Q4 2022 Results Meta, the social company, reported mild positive results fo ...read more

Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax

Feb 4, 2023

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 Cryptocurrency exchange Binance announced Friday that it has invested in Gopax, a licensed crypto exchange in South Korea. The investment marks Binance’s return ...read more

Blocknative releases new tool to enable high-speed propagation of ETH transactions

Feb 4, 2023

Transaction Distribution Network (TDN) is the highly-anticipated capstone component of Blocknative’s end-to-end pre-chain toolkit... Related News Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder... Read more Blocknative, the real-t ...read more

Ethereum Burning Reaches New High, Is ETH Warming Up For Another Rally?

Feb 4, 2023

While the global cryptocurrency market continues with its ubiquitous movement, Ethereum seems to be sneaking out to break a new record. The latest achievement Ethereum obtained is setting a new high in its burning-per-day mechanism. Per a recent report from WuBlockchain citing data from oklink, Ethereum’s burning amount exceeded 3,000 ETH at a figure of 3,040 ETH on February 2. This new record sets the crypto asset burning rate highest point ever seen since November 10, 2022. According to ...read more

Binance Says Indian Crypto Exchange Wazirx Can No Longer Use Its Wallet Services

Feb 4, 2023

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 Wazirx Cryptocurrency exchange Binance said Friday that Indian crypto exchange Wazirx “can no longer use Binance wallet services.” ...read more

Uzbekistan Collects Over $300,000 From Crypto Sector

Feb 4, 2023

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 Licensed crypto firms have paid 3.5 billion Uzbekistani som (more than $310,000) to the budget in the course of 2022, Uzbekistan’s regulatory autho ...read more

DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case

Feb 4, 2023

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 for Limiting Duplicative Efforts in FTX Bankruptcy Investigation About a week ago, lawyers representing FTX debtors filed a motion with the ban ...read more

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