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SEC Clampdown Has Crypto Space Abuzz, Pantera Capital Says We’re in Bull Market, and Much More — Week in Review
19.2.2023
There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary...
NFT Sales Surge Over 43% in Past Week, Topping $397 Million
18.2.2023
Sales of non-fungible token (NFT) assets over the last seven days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The volume of NFT sales reached $397.86 million this week, with 345,716 NFT buyers and roughly 1.62 million transactions. NFT Sales...
Binance Expects to Pay Fines to Settle With US Regulators for Past Conduct: Report
18.2.2023
Crypto exchange Binance expects to pay fines to U.S. authorities to settle regulatory and law-enforcement investigations over its past conduct, the company’s chief strategy officer reportedly said. When Binance began its business, the company was unfamiliar with the rules it needed to comply...
Bitcoin Shorts Get Obliterated as BTC Price Briefly Spikes Past $25K, Hits Eight Month High
17.2.2023
Bitcoin short-sellers have taken a battering in the past two days. That’s according to data presented by crypto derivative analytics website coinglass.com, which shows liquidations in short Bitcoin future positions worth around $100 million across major exchanges over the past two sessions, during...
Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse
16.2.2023
Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is $51.1 billion, with the liquid staking protocol Lido...
Bitcoin Price Prediction as BTC Blasts Past $24,000 – Is a New Bull Market Starting?
16.2.2023
Bitcoin is on a roll as it blasts past the $24,000 mark, and investors are wondering whether a new bull market is starting. After Bitcoin hit an all-time high in December 2017, it suffered a major crash and has been struggling to regain its previous heights ever since.
However, recent events such...
Bitcoin Jumps Past $25K for First Time Since June 2022
16.2.2023
The largest cryptocurrency by market capitalization continued its momentum from Wednesday
First Mover Asia: Bitcoin Rockets Past $24.7K to Hit 6-Month High
16.2.2023
ALSO: Shaurya Malwa considers a 24-hour surge in trading volume for BLUR, the token of the NFT marketplace BLUR, following the platform's airdrop. Bitcoin rockets past $24.7K
Binance Bracing Itself for Fines From US Regulators to Settle ‘Past Conduct’: WSJ
16.2.2023
As U.S. regulators continue to sniff around Binance, the world’s largest crypto exchange is prepared to pay monetary penalties to “make amends” for past regulatory violations, according to The Wall Street Journal
Bitcoin Ordinal Inscriptions Surge Past 100,000 Mark, Spurring Development of Supporting Infrastructure
15.2.2023
According to the latest statistics, more than 100,000 ordinal inscriptions have been added to the Bitcoin blockchain since the start of the trend. Amid the growing popularity, people have launched supporting marketplaces and tools that allow individuals to inscribe without a full node....
Bitcoin Soars Past $24K to Reach 2-Week High
15.2.2023
Investors liquidated some $37 million of BTC short positions over the past 24 hours, pushing the price higher Wednesday, data shows. Ether also climbed
Fewer Than Half of New Ethereum Blocks Over the Past 24 Hours Are OFAC Compliant
14.2.2023
For the first time since October, fewer than 50% of blocks added to the Ethereum blockchain over a 24-hour period are OFAC compliant, partially thanks to more non-censoring options that make up a larger share of the blockspace market
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments
14.2.2023
While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen...
Report: Flutterwave CEO in Bid to Recover Millions Stuck in Kenya
14.2.2023
According to reports, the CEO and co-founder of the Nigerian fintech Flutterwave, Olugbenga Agboola, recently visited Kenya where he sought to convince the country’s monetary authorities to grant the firm access to funds that have been blocked since July 2022. Agboola claimed that his firm...
BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert
13.2.2023
Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees...
Pantera Capital on Bitcoin: We’re in Next Bull Market Cycle
13.2.2023
Crypto-focused investment firm Pantera Capital says bitcoin has seen its lows and “we’re in the next bull market cycle.” Dan Morehead, the firm’s founder and managing partner, noted: “Over the long-term, bitcoin price has been in a secular uptrend of 2.3x annually...
Block Sizes Exceeding 3 MB Now Common on Bitcoin Blockchain as Ordinal Inscription Demand Rises
12.2.2023
Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628) on the Bitcoin blockchain, block sizes have been larger than they were prior to that block height in the past 12 days. Statistics show that blocks larger than 3 MB are now quite common, and demand for Ordinal...
Coinkite Launches ‘Higher-End’ Coldcard Bitcoin Wallet With QR Code Scanner
10.2.2023
The bitcoin hardware wallet manufacturer Coinkite has announced the launch of a new product, the Coldcard Q1, which features a QWERTY keyboard and QR code scanner. Coinkite details that the battery-powered device utilizes the same security model as the Coldcard Mk4. Coinkite Introduces the Coldcard...
Healthcare, Selling Lemons, and the Price of Developer Experience
9.2.2023
Every now and then, a one blog post is published and it spurs a reaction or response in others that are, in turn, published as blogs posts, and a theme starts to emerge. That’s what happened this past week and …
Healthcare, Selling Lemons, and the Price of Developer Experience...
Privacy Coin Interest Stays Tepid as Leading Coins Report Modest Gains in 2023
8.2.2023
Over the past 90 days, the top privacy coins by market capitalization have seen an increase of just over $2 billion, rising from $4.65 billion on Nov. 9, 2022 to $6.69 billion today. However, while crypto assets such as bitcoin and ethereum saw gains of 30% or more in 30 days, privacy tokens like...