CRYPTOCURRENCY
Crypto News
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
Binance Informs Customers of Upcoming Service Disruption
Disruption begins February 1. U.S. Dollar-held bank account holders who use SWIFT to acquire or sell cryptocurrencies under $100,000 may be impacted. Binance needs a new SWIFT (USD) partner to prevent service delays.
Bybit CEO clarifies company's exposure to Genesis
Bybit CEO confirms $150 million Genesis Global Trading exposure. The crypto community has moved on from FTX's bankruptcy to other loan businesses, some of which are suing parent company Digital Currency Group.
Moonstone Bank to Exit Crypto Space
FTX's collapse may have damaged Farmington State Bank. Jean Chalopin, the Bahamas-based chairman of Deltec, another FTX banking partner, bought Moonstone Bank in 2020.
Coindesk May Be Sold as Parent Company DCG Struggles
CoinDesk may sell. Digital Currency Group (DCG), its parent firm, looks to be struggling financially. DCG has received many bids over $200 million for the media group in recent months.
Why Bitcoin's Price Rebound Could Signify a Market Bottom
Since July, Bitcoin market mood is strong. Analysts think Bitcoin's recent price rise may indicate a greater breakthrough. Investor sentiment spiked three times since 2021, most recently in January.
Poloniex celebrates its 9th anniversary
Poloniex is celebrating its 9th anniversary this year as one of the most well-established global crypto exchanges with more products and services to be launched in the coming months.
Bitvavo Rejects DCG's 70% Debt Repayment Offer
DCG's partial debt repayment plan was rejected by Bitvavo. The Dutch crypto exchange said it has adequate resources to keep servicing consumers. On Jan. 10, Cameron Winklevoss publicly accused DCG CEO Barry Silbert of fraud.
German Authority Cautions Of New Banking And Crypto Malware "Godfather"
On Jan. 9, Germany's Federal Financial Supervisory Authority (BaFin) issued a warning about Godfather, a spyware that steals user data from banking and crypto applications. The agency has yet to ascertain how the virus assaults consumers' devices. In December, reports indicated that Godfather was targeting Android users in 16 countries.
Bankman-Fried May Plead Next Week Before Judge Lewis Kaplan In NY Federal Court
Former FTX CEO Sam Bankman-Fried will appear in court on January 3. He faces two wire fraud charges and six conspiracy charges for the FTX bitcoin exchange crash. His close circle at FTX and Alameda Research pled guilty and cooperated.
Conflux Network Expands into Hong Kong
Dr Ming Wu, Co-Founder of Conflux Network, was invited by the Hong Kong Government to discuss the rise of tech innovation through Web3 and how the Conflux Network could play a foundational role in these developments.