On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates. Onchain Researchers Track Stolen Ethereum From Harmony Bridge Attack and Help Major Exchanges Freeze Funds On June…
The team behind Shiba Inu (SHIB), the dog-themed meme coin, has announced the upcoming beta release of Shibarium, a layer-2 network that will operate on top of Ethereum. According to the team, Shibarium will reportedly minimize costs and increase transaction speeds —though the exact number of transactions per second has not yet been disclosed. The announcement did not specify when…
Bitcoin (BTC) is trading at its highest levels in over two months, but the phrase on every trader’s lips is “bull trap.” After delivering 25% returns in a single week, BTC/USD remains under suspicion for Bitcoin bear market survivors. Bitcoin bull trap fails to convince It has been called the “biggest bull trap” ever seen, and despite holding above $20,000,…
Amid the crisis of centralized cryptocurrency exchanges (CEX), crypto exchange Binance is moving to improve its institutional trading services with cold custody opportunities. Binance announced on Jan. 16 the official launch of Binance Mirror, an off-exchange settlement solution that enables institutional investors to invest and trade using cold custody. The newly launched Mirror service is based on Binance Custody, a regulated institutional digital…
Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions over the past 12 months. China has rolled out its central bank digital currency (CBDC) to several cities, and it was available for use at the Winter Olympics. Many other central banks, including the Bank of England, are considering how to roll out a CDBC,…
Bitcoin consolidated on Jan. 16, as U.S. markets closed in celebration of the Martin Luther King Jr. Day holiday celebration. Traders have seemingly moved to secure recent gains, after the world’s largest cryptocurrency rose above $21,000 for the first time since November. Ethereum also retreated from recent highs in today’s session. Bitcoin Bitcoin (BTC) consolidated to start the week, as…
In an interview with mainstream media outlet Bloomberg, Monex CEO Oki Matsumoto said that they are interested and expressed that it will be a “very good thing” for them if there will be less competition within the local market. Matsumoto also highlighted that the crypto market within Japan has a lot of potential because companies may be looking into investing…
As part of its switch from Ethereum to an innovative new blockchain with a unique consensus mechanism, Fasttoken (FTN) will go on sale to the public on January 18. FTN is the native token of the Fastex ecosystem, which includes a crypto payments system, an exchange, a metaverse solution, and an NFT marketplace. Fastex aims to become one of the…
Bitcoin (BTC) shows the potential of stretching its ongoing price recovery to $25,000 by March, based on a mix of bullish technical and macro indicators. Bitcoin price exits descending channel range First, Bitcoin’s potential to hit $25,000 comes from its exit from a prevailing descending channel range. A bull run or bull trap? — Cointelegraph (@Cointelegraph) January 16, 2023 Notably,…
Anthony Scaramucci has invested an undisclosed amount of his own funds into a new firm founded by former FTX.US president Brett Harrison. The unnamed software firm will reportedly offer algorithmic trading services to crypto investors, providing access to both private and public markets, according to sources reported by Bloomberg. Harrison, as per Bloomberg’s sources, is looking to secure financing for…
