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Join Our Telegram channel to stay up to date on breaking news coverage In the ongoing criminal case against the former FTX Chief executive, SBF, the United States prosecutors disclosed email and text messages from Bankman-Fried to the current FTX CEO, John Ray. The messages contained compelling insights regarding the business operation of FTX before the new leadership took over. The Justice Department argues no access for SBF after he reached out to John Ray to discuss FTX assets. https://t.co/ZcjEQAoLNL — Cointelegraph (@Cointelegraph) January 30, 2023 On January 30, the court documents stipulated that the Department of Justice (DOJ) dismissed SBF’s legal team’s motion to remove some of the proposed modifications for his bail conditions. These modifications included desisting from any interaction with former and current FTX employees. Additionally, the prosecutors revealed that Bankman-Fried attempted to get in touch with FTX CEO (John Ray) and FTX US gener...

Shiba Inu has earned its name and fame in the meme coin community over the years. It has turned out to be one of the many constantly developing communities and teams out there. The Shiba Inu team has been relentlessly working on various initiatives for the community. These include the Shiba Eternity game, the SHIB metaverse, the upcoming Shibarium, and the Burn Initiative. Since the beginning of 2023, the burn rate has put on a decent show with a consistent burn rate . However, when the market slightly recovered with major cryptocurrencies displaying double-digit gains, the burn rate slowly became more subtle. Read more: Shiba Inu: Community Estimates the Launch Date of Shibarium According to the details from Shibburn, the burn rate has spiked by 4,506% over the last 24 hours. Source: Shibburn Over 22 million SHIB sent to dead wallets Shibburn website details reveal that over 22 million SHIB have been sent to dead wallets over the last 24 hours. Two of the major burns ...

Bitcoin's huge price surge in January has meant that 64% of Bitcoin investors are in profit, according to data from IntoTheBlock. Bitcoin (BTC) has just clocked its 11th consecutive day outside the “Fear” zone in the Crypto Fear and Greed Index, cementing its longest streak out of fear since March 2022. Bitcoin Fear and Greed Index is 61 - Greed Current price: $23,780 pic.twitter.com/U5gxN3AwnT — Bitcoin Fear and Greed Index (@BitcoinFear) January 30, 2023 It comes as Bitcoin hit $23,955 at 8:10 pm UTC time on Jan. 29, becoming this year’s newest all-time high. Though it has since come back down slightly to $23,687 at the time of writing. Meanwhile, Bitcoin sentiment is currently sitting firmly in the “Greed” zone with a score of 61, which hasn’t been seen since neathe height of the bull run around Nov. 16, 2021, when the price was about $65,000. Bitcoin Fear and Greed Index over the last 12 months. Source: Crypto Fear and Greed Index. However, despite Bitcoin’s strong resurg...

California DMV’s chief digital officer Ajay Gupta emphasized that the agency is looking to modernize its current systems and bring greater transparency to car title transfers. The California Department of Motor Vehicles (DMV) is testing out the digitization of car titles and title transfers via a private Tezos blockchain. The move is part of a collaboration between the California DMV, Tezos and blockchain software firm Oxhead Alpha, with the latter announcing t successful proof-of-concept on Jan. 25. The California DMV has tapped Oxhead Alpha to build on a private Tezos testnet that it has dubbed a “shadow ledger.” It is essentially designed to become a blockchain-based replication of the agency’s current database. The California DMV’s chief digital officer Ajay Gupta told Fortune on Jan. 26 that the agency is looking to have the shadow ledger ironed out within the next three months. Following on from that, it is looking to roll out applications such as digital wallets to hold and...

Last year, Goldman Sachs ’ chief executive David Solomon and crypto exchange FTX ’s founder Sam Bankman-Fried met in the Caribbean to discuss the bank advising the crypto firm. After that, in mid-2022, the investment bank was reportedly in talks with the exchange to integrate some aspects of its derivatives businesses. Now, the tables have completely turned and the partnership talks are non-existent. The crypto exchange collapsed in Q4 2022, mishandling billions worth of user funds. Apart from customers, a host of other entities have been affected too. Just a day back, the FTX creditor list was made public. According to the same, Goldman Sachs was a part of the creditor list to which FTX owed money. Read More: FTX Owes Money to Apple, Binance, Netflix, and More According to New Filings Goldman denies claims The industry has been trying to distance itself from FTX for quite some time. A spokesperson for the investment bank recently told Blockworks ...

TARO, the native token for RobotEra, is breathing new life into the metaverse and offering a massive opportunity for profitability. The token is available on presale and has raised over $760,000 in a matter of weeks. It’s already regarded as the next big thing in gaming, and now is an excellent time to invest. RobotEra - A Game Like No Other  RobotEra is a new blockchain and metaverse game seeing massive buzz from all corners of the gaming industry. The game’s impressive storyline and an abundance of earning opportunities make it one of the biggest in the space.  RobotEra transports players to a virtual planet called Taro. This planet saw a massive battle between its native people and an army of invading robots. The robot army eventually won the battle, but at the expense of the planet and its inhabitants. These robots are now stranded on Taro and must find a way to make it their new home.  The project allows players to pick avatars represe...

The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called an “asset share token (AST).” Celsius Proposes ‘Asset Share Token’ as Plan to Repay Creditors, Subject to Regulatory Approval Various reports, including an editorial about the subject published by Bloomberg on Jan. 24, reveal that Celsius lawyers have detailed that the bankrupt company would like to become a publicly traded recovery corporation that could issue a debt token in order to repay creditors. According to Celsius attorney Ross M. Kwasteniet, the plan and the new asset would be called an “Asset Share Token” (AST). More specifically, Celsius creditors who meet certain threshold requirements would be eligible to receive the AST. Reportedly, this is not the first time Celsius has thought about ...

Source: AdobeStock / photo_gonzo Major crypto exchange Binance kept collateral for some of the cryptoassets it issues in the same wallet as the customer funds by mistake, Bloomberg reported, citing a Binance spokesperson. On Monday, Binance released a proof-of-collateral report for B-Tokens, which are the 94 Binance-minted tokens. The report, however, showed that reserves for nearly 50% of all these coins that Binance issues, were at that point stored in a single wallet called 'Binance 8'.  This wallet held far more tokens in reserve than is required by the amount of B-Tokens, which suggested that collateral was being mixed with customers’ funds instead of being stored separately.  The problem was found even earlier, on January 17, by DataFinnovation and ChainArgos co-founder Jonathan Reiter, who said that the excessive overcollateralization of some B-Tokens and Binance’s use of the Binance 8 wallet showed "obvious mixing of client and peg-ba...

The Shiba Inu burn has been one of the meme coin team’s major developments. Additionally, the community has embraced the initiative with open arms, sending millions of SHIB to dead wallets. To create scarcity and lower the SHIB in the circulating supply, the burn initiative was established. The first few days of January 2023 saw a noticeably higher burn rate. However, as the price began to accelerate with double-digit gains, it gradually began to cool off. Read more: Gemini Plans to Lay Off 10% Staff, Cites Bad Crypto Industry Actors However, the most recent information from Shibburn indicates that the Shiba Inu burn rate has increased by 303% over the past 24 hours. Source: Shibburn Single wallet burns 108 million SHIB During the last 24 hours, 118,529,999 SHIB have been sent to dead wallets, with the major contribution coming from a single wallet. One single transaction that happened five hours ago sent 108,476,685 SHIB to the dead wallet. The sing...

Join Our Telegram channel to stay up to date on breaking news coverage Celo was trading with a bullish bias around $0.754 as buyers focused on undoing last week’s losses. The technical Analysis revealed that the turndown that occurred between Monday and Tuesday last week offered late investors a chance to buy the altcoin at a discount as it appeared primed for an upswing. Celo Bulls Eye A 43% Upswing To $1.08 After being rejected by resistance from the $0.766 supplier congestion zone, the Celo price plunged as much as 41% toward the $0.45 support level. Bouncing off this demand level, CELO embarked on a recovery that was sustained for over two weeks before being rejected by the same barrier. The ensuing correction stopped at the $0.60 psychological level and offered a launching pad for the ongoing recovery.  This price action has led to the appearance of a bullish cup-and-handle chart pattern (see chart below), setting CELO up for a bull run. At press time, CELO w...

Among the education centers involved include colleges in Australia, Cyprus and Germany, Nigerian-based tech hub Utiva, Women in Tech, and two Ukrainian organizations. The philanthropic arm of Binance — Binance Charity — is set to fund 30,655 scholarships to students keen on forging a career in Web3 in 2023. The Binance Charity Scholar Program (BCSP) will provide free Web3 Education and training courses which will enable tech-savvy students to upskill without having to leap-frog any unnecessary financial barriers, Binance Charity explained, in a Jan. 20 blog post: “We recognize that digital education and skills development can be out of reach for many, resulting in a blockchain industry that lacks diversity and talent. The Binance Scholar Program changes all that, covering the costs of tuition and course fees at some of the world’s leading universities, colleges and vocational training providers.” The blog post stated that over 82,000 applicants were interested in becoming a part of ...

Philippine authorities say that they have rescued alleged victims of a “crypto trafficking ring” who were recruited to work in a call center in Cambodia and scam people out of their cryptocurrencies. The authorities are also investigating government employees who may have assisted crypto trafficking syndicates. Alleged Victims of ‘Crypto Trafficking Ring’ Rescued The Philippine Bureau of Immigration (BI)’s travel control and enforcement unit (TCEU) announced Friday that it has rescued six alleged victims of a “cryptocurrency trafficking ring,” the Philippine government-owned news agency reported. Bureau of Immigration Commissioner Norman Garcera Tansingco explained that BI officers intercepted the alleged victims as they were about to board a plane to Phnom Penh on Jan. 15. Noting that these passengers had fake return tickets, the commissioner said they gave “inconsistent answers” to questions asked by BI officers, “which ra...

Image Source: Decentraland Three Decentraland executives, including two co-founders and the platform's CFO, are named among the top creditors of now-bankrupt cryptocurrency lender Genesis Global. Decentraland co-founders Esteban Ordano and Ari Meilich and the platform's CFO Santiago Esponda are listed among the 50 largest non-insider unsecured claims against Genesis, which filed for Chapter 11 bankruptcy protection in the US on Thursday.  The crypto lender revealed the names of its largest creditors on the same day that it filed for bankruptcy, which included crypto exchange Gemini, trading giant Cumberland, Mirana, MoonAlpha Finance, and VanEck’s New Finance Income Fund.  A company called Heliva International Corp also appeared on the list with a $55 million claim. The firm listed Decentraland’s CFO Santiago Esponda as a contact point Aside from Esponda, a closer look at the document reveals that Decentraland's two co-founders are als...

Image Source: Moonstone Bank Moonstone Bank, a digital bank focused on serving high-net-worth individuals, has revealed that it is exiting the crypto space and will be refocusing on the "community bank" role.  In a Thursday press release, the bank said it is halting plans to develop banking services for innovative industries like crypto. Moonstone cited the recent developments in the industry and the subsequent rise in regulatory scrutiny as the reason for its decision. It said: "The change in strategy reflects the impact of recent events in the crypto assets industry and the resultant changing regulatory environment relating to crypto asset businesses." As part of this change, the bank will no longer use the name Moonstone Bank and will be rebranding and re-adopting the Farmington State Bank name, known in the local community for 135 years. Moonstone was reportedly acquired by Jean Chalopin, the Bahamas-based chairman of Deltec, another FTX bank...

Former BitMEX CEO Arthur Hayes says catastrophe is coming for the crypto sector, but derivatives data shows bulls slowly taking control of the market. The total crypto market capitalization soared by 29.4% in two weeks, although Bitcoin's (BTC) price stabilized near $21,000 on Jan. 19. As a result, it became increasingly difficult to justify that the 5-month-long bearish trend still prevails after the $930 billion total crypto channel top has been breached. Still, the psychological $1 trillion resistance remains strong. Total crypto market cap in USD, 2-day. Source: TradingView The move possibly reflects investors becoming more optimistic about risk assets after weaker than expected inflation metrics signaled that United States Federal Reserve interest rate hikes strategy should ease throughout 2023. However, Klaas Knot, who serves as the governor of the Dutch central bank, stated on Jan. 19 that the European Central Bank (ECB) "will not stop after a single 50 basis point hi...

The cryptocurrency market has witnessed a 2.5% drop in the past 24 hours, with gains over the last week giving way to a slight correction. Still, with its total cap at roughly $997 billion, it remains up by 8% in a week and by 20% in a month. And despite today's losses, some coins have bucked the overall trend to record gains. We therefore compile the best-performing tokens into this list of the best crypto to buy today, including a variety of presale tokens with strong fundamentals. Kava (KAVA) KAVA has reached $1.03 today, representing a 9% jump in the past 24 hours and a 38% gain in a week. It has also posted a 52% return in the last 30, with Coinbase announcing that it will be listing the layer-one token from today. Source: TradingView Yes, since Coinbase announced its KAVA listing, the latter's indicators have perked up massively. Its relative strength index (purple) has shot up to 80, while its 30-day average (red) has begun moving up towards its 200-d...