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FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers
Bitcoin News - 28 January 2023, 5:30 pmSam Bankman-Fried, the disgraced co-founder of FTX, is seeking access to crypto assets associated with FTX and Alameda Research, according to a letter written by his attorney, Mark Cohen. Cohen insists that the existing bail conditions “related to crypto asset transfers should be removed.” Bankman-Fried’s Legal Team Argues for Removal of 2 Bail Conditions In…Read More
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Sam Bankman-Fried seeks to access FTX funds
Cointelegraph.com News - 28 January 2023, 4:40 pmSam Bankman-Fried lawyers claim he was not involved in previous unauthorized transactions, and should have access to company assets. Sam Bankman-Fried’s legal team is seeking to remove a bail condition that prevented him from accessing FTX’s funds, according to court filings from Jan. 28.A letter from Bankman-Fried’s lawyer, Mark Cohen, to United States District Court…Read More
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Litecoinâs Hashrate Reaches All-Time High, Difficulty Follows Suit
Bitcoin News - 28 January 2023, 3:30 pmThe blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031 the following day. Litecoin’s Computational Power Climbs 38% in 30 Days A significant amount of hashrate…Read More
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Biggest Movers: DOGE up to 6-Week High, as AVAX Jumps 13% on Saturday
Bitcoin News - 28 January 2023, 3:00 pmDogecoin rose to a six-week high on Saturday, as prices rose above a key resistance level to start the weekend. The meme coin climbed to its strongest point since December, as the global crypto market cap was mostly in the green in todayâs session. Avalanche also surged today, hitting its strongest point since August. Dogecoin…Read More
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Genesis Capitalâs fall might transform crypto lending â not bury it
Cointelegraph.com News - 28 January 2023, 2:01 pmTradFi firms with expertise in risk management may soon âfill the voidâ left by bankrupt crypto lenders, a Duke finance professor predicts. Is crypto lending dead, or does it just need better execution? Thatâs a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed…Read More
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US govât $1.5T debt interest will be equal 3X Bitcoin market cap in 2023
Cointelegraph.com News - 28 January 2023, 1:46 pmThe U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices. Commentators believe that Bitcoin (BTC) bulls do not need to wait long for the United States to start printing money again.The latest analysis of U.S. macroeconomic data has led one market…Read More
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Bitcoin, Ethereum Technical Analysis: BTC Hovers Near $23,000 to Start the Weekend
Bitcoin News - 28 January 2023, 1:39 pmBitcoin started the weekend hovering near $23,000, as markets continued to react to personal consumption data in the United States. Figures released on Friday reported that spending fell by 0.2% last month, despite overall consumer sentiment moving higher. Ethereum remained close to $1,600 to start the day. Bitcoin Bitcoin (BTC) remained close to the $23,000…Read More
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Sao Paolo Introduces Blockchain in Data Access Law
Bitcoin News - 28 January 2023, 11:30 amThe Brazilian city of Sao Paolo has introduced the concept of blockchain in its municipal data access and transparency law. The concept of blockchain is defined as a technology that can be of use in this field, but the city has not defined the structures or the implementation for its use in the future. Sao…Read More
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IRS reminds taxpayers of crypto income reporting ahead of 2022 filing
Cointelegraph.com News - 28 January 2023, 10:50 amThe IRSâs recommendation to check âYesâ boils down to receiving, earning, transferring or selling cryptocurrencies for any monetary benefit, including mining and staking. With the deadline approaching for filing the 2022 federal income tax return, the Internal Revenue Service (IRS) â an enforcement agency of United States federal tax laws â released a list of…Read More
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Bitcoin âso bullishâ at $23K as analyst reveals new BTC price metrics
Cointelegraph.com News - 28 January 2023, 10:05 amMarket analyst Cole Garner suggests that Bitcoin bulls are in for a treat amid an ongoing BTC price renaissance. Bitcoin (BTC) remains firmly âbullishâ at $23,000, according to new on-chain metrics from one of the industryâs best-known names.In a preview on Jan. 28, market cyclist and on-chain analyst Cole Garner revealed what he said were…Read More