Cryptocurrency news company Coindesk is seeking a buyer through investment bankers, The Wall Street Journal reported Jan. 18. Coindesk CEO Kevin Worth told the Journal that his company has “received numerous inbound indications of interest” in recent months. Worth did not indicate which companies are interested in buying Coindesk. However, he told the news outlet […]
Overbought Or Ready To Rip? Bitcoin Daily RSI Reaches Explosive Levels
Bitcoin price is showing signs of getting overheated on daily timeframes using the Relative Strength Index (RSI). The tool, typically used to spot overbought conditions, is at one of its highest levels ever historically. However, an elevated RSI reading in BTCUSD is deceiving, leading to some of the most dramatic moves ever on the cryptocurrency’s […]
Rarible NFT marketplace taps Polygon chain
Rarible announced on Jan. 18 the launch of its marketplace builder for polygon-based non-fungible token (NFT) collections.
Investors lock-in the most amount of profit since April 2022, on a seven- day basis, as Bitcoin surged to $21k
Definition Net Realized Profit/Loss is the net profit or loss of all moved coins and is defined by the difference between Realized Profit – Realized Loss. Quick Take As Bitcoin surged from $17k to $21K starting from Jan. 11, investors took the opportunity to make profits. Investors have taken nearly $2B in realized profits since Jan. 11. […]
How Arbitrum and Optimism Made Millions in 2022
Arbitrum and Optimism raked millions in profit despite the extended bear market that hammered decentralized finance (DeFi) activities and Ethereum (ETH) valuation in 2022. Arbitrum And Optimism Win Big Per on-chain data shared on Twitter, Arbitrum, and Optimism, general-purpose Ethereum layer-2 platforms, made 2,906 ETH and 2,086ETH, respectively. In USD terms, it translates to around $4.6 […]
SBF says Sullivan & Cromwell contradicted itself with insolvency claims
The former FTX CEO says the exchange’s new attorneys are not taking into account customer bank balances
Digital Dollar Project urges US to take action on CBDC development
The foundation set up by “Crypto Dad” Christopher Giancarlo released a new version of its CBDC white paper with new warnings about maintaining U.S. leadership.
FTX profited from Sam Bankman-Fried’s inflated coins: Report
Former FTX CEO allegedly used his popularity to lure developers, and Alameda Research to inflate the price of certain coins.
Bitcoin One of the Best Performing Assets in 2023: Bloomberg Intelligence
Bitcoin’s rise within the past two weeks has made it one of the best-performing assets of the year, according to Bloomberg Intelligence. The firm’s senior macro strategist, Mike McGlone, compares the rally to a similar recovery in early 2019 – but in a macro environment of contracting liquidity. Is Bitcoin Back? In a post to […]
Genesis creditors negotiating prepackaged bankruptcy
Two sources familiar with the issues at Genesis allege that the company’s global creditors have agreed to negotiate a prepackaged bankruptcy plan.