Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars are all here with market updates and memes.
While Bitcoin paves the way for crypto adoption, Ethereum becomes the keyboard warrior’s sword. Here’s what happened in the market yesterday.
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according to statement By the Securities and Exchange Commission on Thursday, a company illegally raised billions of dollars from tens of thousands of investors using a so-called Gemini Earn scheme. The SEC argued that the product in question amounted to offering unregistered securities because it allowed customers to lend out assets in exchange for interest payments.
Gemini introduced Earn in February 2021 to provide customers with a passive return of coins in exchange for the ability to lend their tokens. By August of that year, his holdings in the program exceeded $3 billion, offering far higher rates than traditional bank accounts. Continue reading “
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LendHub, a DeFi lender, report On Friday, it announced that $6 million in crypto assets were lost in the attack. LendHub reported that the attack occurred on January 12th. DeFi lenders also said they are contacting cryptocurrency exchanges and blockchain security firms to find stolen cryptocurrencies.
According to on-chain statistics, the hacker’s wallet address withdrew 100 Ether ($134,000) from Tornado Cash, a licensed cryptocurrency mixer. The attacker then began attacking the protocol by bridging these funds to his LendHub platform and focusing on critical vulnerabilities that the team had yet to patch. Continue reading “
Since the start of the bear market, cryptocurrency companies have laid off staff to cut costs. The latest company in the crypto sector to lay off staff is Crypto.com.
Crypto.com CEO Kris Marszalek has announced that the company will furlough an additional 20% of its workforce. He cited deteriorating market conditions and “recent industry events” as reasons for the layoffs. All affected personnel have already been notified. These reductions have nothing to do with performance and we sincerely appreciate all contributions to Crypto.com,” he said. Continue reading “
The world is going through difficult times. So far, the Fed has indicated it will continue its aggressive strategy, but the consensus is that it is only a matter of time before a recession starts.
However, according to UBS Asset Management and JP Morgan, the US economy could defy the bearish consensus and is likely to bring positive surprises. Prices are already falling, marking the peak of inflation.
The CFTC said it has filed with the court that Oki DAO has until January 10, 2023 to respond to the agency’s lawsuit. With the DAO overdue, a federal judge will side with the CFTC, the commodity regulator.
Ooki DAO, originally called bZeroX, is a decentralized cryptocurrency lending and borrowing protocol that allows users to use margin trading on loan funds to increase their trading exposure.
The regulator has asked the court to “commence default” against the DAO based on the court. Document Filed January 11th. Regulators allege that the DAO failed to meet its obligations to “reply or otherwise defend” as required by the subpoena. Continue reading “
The highest sales number was 18.6K on December 31st and the lowest sales number was 12.9K on January 2nd. This metric showed an overall decrease.
TKO Price Analysis Jan 2023
WOO Price Analysis January 2023
MATIC Price Analysis January 2023
MATIC is a token of the platform Polygon.this is Current price At around $0.8084 and a low of $0.3228 at the time of writing, it has a market cap of $7 billion. In addition, Polygon, a company specializing in accelerator programs and investments, announced the launch of its latest initiative called “Orbeon Protocol”. Continue reading “
SOL Price Analysis January 2023
Top 5 cryptocurrencies to buy in 2023
The cryptocurrency market is one of the most volatile markets in the world, with many uncertainties and risks.
However, it is one of the best investment opportunities for long-term investors. An expert believes the cryptocurrency market will be worth about $200 trillion by 2030.
At the moment Bitcoin is only a small part of this market and more money could be in altcoins such as Ethereum. Trying to find a can be difficult. These are the top 5 cryptos to buy in 2023. Continue reading “
Top 5 Cryptos to Buy After the FTX Crash: TRX, MATIC, IMPT, APE, and ADA
FTX filed for Chapter 11 bankruptcy Occurring on November 11, its implosion created ripple effects across the cryptocurrency industry. The FTX crash has had a huge impact on the cryptocurrency market and the exchanges that use it. Continue reading “
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