According to a Jan. 31 post by Ethereum Foundation developer Parithosh Jayanthi, the “Zhejiang” public withdrawal test net will launch on Feb. 1 at 15:00 UTC. Six days after Zhejiang, the Shanghai and Capella testnets will also be triggered at epoch 1350. Jayanthi noted: “This is also a great opportunity for all tools to test out how they want to…
Several United States senators have reportedly penned a letter requesting answers from Silvergate Capital — the parent company of Silvergate Bank — related to the collapse of cryptocurrency exchange FTX. According to a Jan. 31 Bloomberg report, U.S. Senators including Elizabeth Warren, Roger Marshall and John Kennedy said Silvergate had not fully answered questions in response to a December letter…
Bitcoin (BTC) rose above $23,000 into the Jan. 31 Wall Street open as markets braced for a fresh macroeconomic reckoning. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $25,000 “best case” for BTC/USD Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining around 1% in a single hourly candle before the start of trading, overcoming resistance in place overnight.…
Embattled Bitcoin miner Greenidge Generation has finalized its debt restructuring plans with investment bank B.Riley and crypto investment firm NYDIG, reducing its total debts by $61 million. In December 2022, the miner announced that there was “substantial doubt” about its capacity to continue as a business, saying that its board of directors had actively discussed the possibility of voluntary bankruptcy. …
Cointelegraph Markets Pro gives members access to multiple strategies for finding weekly crypto winners. This article outlines how to use two overlooked indicators that, based on historical data, have been able to alert traders to massive potential price increases. These indicators can also be indispensable tools for asset discovery. When these indicators are abnormally high, they warrant a closer look…
According to a filing with the United States Securities and Exchange Commission on Jan. 31, electric vehicle manufacturer Tesla disclosed that it recorded a $204 million gross impairment loss during 2022 on its Bitcoin (BTC) holdings. Simultaneously, Tesla recorded a gain of $64 million from converting BTC into fiat currency at various points during the year, resulting in a net…
A partnership between Poundtoken and BitcoinPoint will make the country’s first 100% backed GBP stablecoin ($GBPT) accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step towards the U.K. becoming a “crypto hub” and is in line with the government’s push to use stablecoins for wholesale settlements. Bitcoin Point is a…
On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC. Legal Battle Erupts Over Crypto Asset Transfers Reportedly Made by Alameda…
Arguably the most dynamic segment within the crypto ecosystem, decentralized finance (DeFi) projects have been revolutionizing how cryptocurrency investors can employ their tokens to access capital and even earn additional income on their crypto holdings. However, using DeFi products such as yield farming, liquidity mining and staking pools can often be a cumbersome experience for most crypto investors. To solve…
We can’t blame Elon Musk for dreaming of moving to Mars — the human race has always been curious about finding a better life somewhere else. But not everyone in crypto is looking up to the stars to find new worlds; others stay on earth and attempt to build a new micronation, or a crypto community, here. There are dozens…
