Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
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According to a statement by the Securities and Exchange Commission on Thursday, the companies used the so-called Gemini Earn scheme to illegally raise billions of dollars from tens of thousands of investors. The SEC claimed that the product in question amounted to offering unregistered securities since it allowed clients to loan out their assets in exchange for interest payments.
To give customers passive returns on their coins in exchange for the ability to lend the tokens out, Gemini introduced Earn in February 2021. The program’s holdings had surpassed $3 billion by August of that year and offered rates far higher than those of conventional bank accounts. Keep Reading »
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LendHub, a DeFi lender, reported on Friday that an attack cost it $6 million in crypto assets. LendHub reported that the assault happened on January 12. The DeFi lender also mentioned that it had been in touch with cryptocurrency exchanges and blockchain security companies to help find the stolen cryptocurrency.
According to on-chain statistics, the hacker’s wallet address withdrew 100 ether ($134,000) from the authorized cryptocurrency mixer Tornado Cash. The attacker then launched an assault on the protocol by bridging these funds to the LendHub platform and focusing on a crucial vulnerability that the team had not yet patched. Keep Reading »
Ever since the start of bear market, crypto firms have been firing staff to cut costs. The latest company n the crypto sector to lay off staff is Crypto.com.
Crypto.com CEO, Kris Marszalek, has announced the company would be layoff another 20% of its workforce. He cited poor market conditions and “recent industry events as reasons for the layoff.” All impacted personnel have already been notified. These reductions were in no way related to performance, and we extend our deepest gratitude for all their contributions to Crypto.com”, he said. Keep Reading »
The world is going through challenging moments. So far, the Fed has indicated that it will continue with its aggressive strategy despite the consensus that it is just a matter of time before the milled recession starts.
But according to UBS asset management and JP Morgan, the American economy may defy the bearish consensus and is likely to deliver positive surprises. Already, prices are easing, signaling the peak of inflation.
So what are the biggest threats to the US economy in 2023? Keep Reading »
The CFTC stated in a court filing that Ooki DAO had until January 10, 2023, to reply to the institution’s lawsuit. The federal judge shall now side with the CFTC, the commodities regulator, because the DAO exceeded the deadline.
Ooki DAO, initially called as bZeroX, is a decentralised cryptocurrency lending and borrowing protocol that allows users to expand their trading exposure by using margin trading with loaned funds.
The regulator has asked the court for a “entry of default” against the DAO, based on a court document filed on January 11. The regulator claims the DAO didn’t meet its obligation to “respond or otherwise defend” as required by the subpoena. Keep Reading »
We saw the highest of Number of Sales on 31st December which was 18.6K and the Lowest of number of sales was recorded on 2nd January which was 12.9K. This Metric showed an overall Decrease.
TKO Price Analysis January 2023
TKO is a token of the platform Toko Token. Its current price is around $0.2631 at the time of writing, with a low of $0.1722, and it has a market cap of 28 million dollars. Keep Reading »
WOO Price Analysis January 2023
WOO is a token of the platform WOO Network. Its current price is around $0.1678 at the time of writing, with a low of $0.102, and it has a market cap of 247 million dollars. Keep Reading »
MATIC Price Analysis January 2023
MATIC is a token of the platform Polygon. Its current price is around $0.8084 at the time of writing, with a low of $0.3228, and it has a market cap of 7 billion dollars. In addition, Polygon, a company that specializes in accelerator programs and investment, has announced the launch of its newest initiative called “Orbeon Protocol,” which will be set up to increase its following after a surge of 805%. Keep Reading »
SOL Price Analysis January 2023
SOL is a token of the platform Solana. Its current price is around $13.36 at the time of writing, with a low of $8.14, and it has a market cap of 4 billion dollars. Keep Reading »
Top 5 Crypto to Buy in 2023
The cryptocurrency market is one of the most volatile markets in the world, with a lot of uncertainty and risk.
However, it is still one of the best investment opportunities for long-term investors. Experts believe the crypto market will be worth around $200 trillion by 2030.
As of now, Bitcoin is only a fraction of this market, with more money likely to be in altcoins such as Ethereum. There are more than 20000 possible crypto assets to invest in today, and trying to find the best ones can be challenging. These are the top 5 cryptos to buy in 2023. Keep Reading »
Top 5 Crypto to Buy after FTX Crash: TRX, MATIC, IMPT, APE, and ADA
FTX filed for Chapter 11 bankruptcy on November 11, and its implosion created a ripple effect across the crypto industry. The crash of FTX has had a major impact on the crypto market and exchanges that use it. Keep Reading »
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