Genesis files for bankruptcy, FTX explores a reboot, and Bitzlato…

[ad_1] Top Stories This Week Crypto lender Genesis files for Chapter 11 bankruptcy FTX contagions continue to spread through the crypto industry, with Genesis Capital filing for bankruptcy protection in New York, estimating liabilities in the range of $1 billion to $10 billion, and assets at the same level. The company plans a “dual track process,” which will pursue “sale, capital raise, and/or an equitization transaction” and enable the business

U.S. home-loan banks lent billions of dollars to crypto banks: Report

[ad_1] The United States Federal Home Loan Banks System (FHLB) is lending billions of dollars to two of the largest cryptocurrency banks in an effort to mitigate the effects of a surge in withdrawals, according to a report from The Wall Street Journal on Jan. 21. The FHLB is a consortium of 11 regional banks across the United States that provide funds to other banks and lenders. Founded during the Great

Bitcoin due new ‘big rally’ as RSI copies 2018 bear market recovery

[ad_1] Bitcoin (BTC) is in for a new “big rally” as market strength copies conditions from after the 2018 bear market.According to the latest analysis, BTC/USD will continue to head higher “after some consolidation” thanks to key signals from its relative strength index (RSI).Bitcoin prints never-before-seen bullish divergenceWith the BTC price gains still coming, Bitcoin bulls are feeling increasingly confident despite widespread mistrust of the longevity of the current rally.For

Norway’s digital currency project raises privacy questions

[ad_1] The small Nordic country of Norway may not be particularly notable on the global crypto map. With its 22 blockchain solution providers, the nation doesn’t stand out even at the regional level. However, as the race to test and implement central bank digital currencies (CBDCs) accelerates every day, the Scandinavian nation is taking an active stance on its own national digital currency. In fact, it was among the first countries

Dead cat bounce? Bitcoin price nears $23,000 in fresh 5-month high

[ad_1] Bitcoin (BTC) took a swing at $23,000 into Jan. 21 as Asia buyers drove fresh market strength.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBid liquidity causes suspicionData from Cointelegraph Markets Pro and TradingView showed BTC/USD battling bears to reach $22,790 on Bitstamp overnight — its highest since August.With new multi-month peaks coming in quick succession despite fears of a major correction, Bitcoin continued to surprise as traders cleared the way
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Orbeon Protocol (ORBN) Emerges as the Next Big Thing for Bitcoin (BTC) and Ethereum (ETH) Holders

[ad_1] Advertisment There are some crypto enthusiasts who feel that Orbeon Protocol (ORBN) is the next big thing for Bitcoin (BTC) and Ethereum (ETH) holders. And with Orbeon Protocol (ORBN) nearly selling out so far during the presale it’s clear to see why. >>BUY ORBEON TOKENS HERE<< Bitcoin (BTC) Bitcoin (BTC) was founded in 2009 by the mysterious Satoshi Nakamoto and it is the world’s first decentralized digital currency. Bitcoin

FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner

[ad_1] Amid ongoing investigations around the defunct crypto exchange FTX, the Commodity Futures Trading Commission (CFTC) questions the due diligence conducted by institutional investors and their accountability regarding the loss of users’ funds.CFTC Commissioner Christy Goldsmith Romero stated that VCs that had to write down their investments in millions of dollars to nearly zero raises “serious questions” about the due diligence conducted over the last year, speaking to Bloomberg. CFTC

SBF to forfeit $700M worth of assets if found guilty of fraud

[ad_1] According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he were to be found guilty of fraud. In a court document filed on Jan 20, U.S. federal prosecutor Damian Williams outlined that the “government respectfully gives notice that the property subject to forfeiture” covers a long list of assets across fiat, shares and

Crypto to play ‘major role’ in UAE trade: foreign trade Minister

[ad_1] Crypto will play a “major role” in the United Arab Emirates' global trade moving forward, says the UAE’s minister of state for foreign trade Thani Al-Zeyoudi. Speaking with Bloomberg on Jan. 20 in Davos Switzerland — where world leaders are currently gathered for the 2023 World Economic Forum — Al-Zeyoudi provided a host of updates regarding the UAE’s trade partnerships and policies heading into 2023. Minister Thani Al-Zeyoudi: BloombergCommenting