Crypto news
Redeeming physical NFTs: Easier said than done?
Despite the crypto winter, nonfungible tokens (NFTs) continue to draw interest. This has become apparent as many brands and retailers have started to offer digital NFTs attached to physical products. Known as “phygitals,” these offerings allow real-world products to be tied to digital NFTs. For example, RTFKT — a digital fashion and collectible company — recently launched a project called Cryptokicks iRL. According to sources, RTFKT is creating digitally-designed sneakers backed by a physical product. RTFKT’s official Twitter account recently tweeted that Lace Engine NFT holders will be able to reserve a pair of Cryptokicks iRL, which can then be redeemed for its physical version starting May 1, 2023. 1/ We are allowing all Lace Engine holders to reserve their sneakers in the RTFKT I...
Three Arrows Capital founders subpoenaed on Twitter
Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies were subpoenaed on Twitter on Jan. 5, after the liquidators granted permission from Singapore authorities following a United States bankruptcy court order, according to information given to Cointelegraph by advisory firm Teneo. In the case of Davies, the Southern District of New York Bankruptcy Court granted the subpoena order as he is a U.S. citizen, while the Singapore courts granted the order to both co-founders, explained a spokesperson from Teneo. As reported by Cointelegraph, liquidators’ lawyers have repeatedly failed to engage with the founders in recent months. “A communication protocol was agreed between the liquidators and founders but has not yielded satisfactory cooperation,” according to a hearing presenta...
Crypto in 2023 — Do bulls have a chance? Watch Market Talks on Cointelegraph
On this week’s episode of Market Talks, Cointelegraph welcomes Mohit Sorout, co-founder of Bitazu Capital, a proprietary algorithmic trading and investment management platform. This week, to kick things off, we get to know a little bit about Sorout, his background in finance and trading. We also dive into his skillset, trading style and unique approach to the crypto markets. We get his view on the current Bitcoin (BTC) market sentiment and price action. Is Bitcoin finally shifting toward a bullish trend? Volatility has been low across the board as things have been pretty boring, but Ether (ETH) and BTC both have reported record-low volatility. What does this mean, and is this a positive sign or a negative one? What about altcoins, should traders be paying close attentio...
Why Do Traders Use Multiple Screens? – 5 Reasons
The first question you are likely to consider when planning your trading monitor setup is whether multiple monitors are necessary. The answer to this varies, but traders tend to favor using multiple monitors for several reasons. Trading can be a stressful task, and it is a trader’s job to transform charts, indicators, and tickers into information that supports our trading objectives. This task is easier to achieve with the right tools, and the monitors you use can create an efficient working environment where you can focus on key details and break down unpredictable trend patterns. Here’s what you need to know about using multiple screens. 5 main benefits of using multiple screens Traders use multiple screens because: 1. Stay up to date on current events Macroeconomic fac...
Twitter data breach: Hacker put 200M users’ private information up for grabs
200 million Twitter users’ private information, including their email addresses, was put for sale after a breach exposed 400M users’ private information in the last week of December 2022. The hacker behind the December breach has earlier demanded $200,000 from Twitter in a bid to return the stolen data and warned if the demand is not fulfilled, the data will be released for free. The latest set of data posted on the hacker forum has been traced back to the same breach from December 2022. IMPORTANT UPDATE ON THE TWITTER HACK: https://t.co/05z8gQm9ZW pic.twitter.com/8sGpIMuOeN — Hudson Rock (@RockHudsonRock) January 3, 2023 Researchers at Privacy Affairs confirmed that the leaked data set on the hacker forum is the same from December. The 200 million number, in this case, resulted from the r...
‘Big move brewing’ for BTC price? Bitcoin may stay flat, hints analyst
Bitcoin (BTC) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come. BTC/USD is currently seeing some of the least volatile conditions in its history, price metrics show. Volatility far from guaranteed Since the FTX crisis, Bitcoin has settled into a historically narrow trading range which refuses to budge. Despite macro triggers, low-volume holiday trading and a yearly candle close, BTC price action has stuck rigidly to a zone focused on $17,000. This is the least volatile period in the history of the Bitcoin historical volatility index (BVOL), and other data likewise shows that such sideways behavior is extremely rare. Two months after FTX, traders and analysts alike are hotly debating when the breakout will come for BTC/USD — and in which ...
Logan Paul threatens to sue Coffeezilla over CryptoZoo ‘scam’ allegations
YouTuber Logan Paul has threatened to sue fellow YouTuber and internet detective Coffeezilla for defamation after he accused Paul’s CryptoZoo nonfungible token (NFT) project of being a “scam.” The two have been battling back and forth on both social media and YouTube videos ever since Dec. 17, when Stephen Findeisen — also known as Coffeezilla — launched the first of a three-part video series attacking CryptoZoo and Paul, who was the face of the project. “CryptoZoo was supposed to be a fun blockchain game that can earn you money […] but millions of dollars of investor money later, things are still broken,” he said. In his most recent response, Logan Paul published a YouTube video on Jan. 4 accusing the internet detective of having “led the charge to drive and monetize a narrative tel...
Bank of England answers professionals’ questions about upcoming CBDC wallet
Companies that applied to win over the $244,000 contract to develop a central bank digital currency (CBDC) wallet proof of concept (PoC) for the Bank of England (BOE) provided questions about the project. In response, the central bank published its answers to over 70 questions. On Dec. 9, the BOE opened applications asking suppliers to submit applications. About 20 companies submitted their applications and handed in their questions before Dec. 25. Following this, the BOE published the questions asked by the competing providers and gave its answers that aimed to offer insights into the project. According to the BOE, it wants to create a back-end server for a core ledger, a mobile wallet application and a merchant website. The bank clarified that it has not yet committed to developing...
Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale
Judge Martin Glenn, who is presiding over the Celsius bankruptcy case, ruled on Jan. 4 that the funds in the Celsius interest-bearing Earn program belong to Celsius under the terms of the program’s terms of use. The funds reportedly amount to more than $4 billion. “The issue of ownership of the assets in the Earn Accounts is a contract law issue,” the U.S. bankruptcy judge wrote, citing the latest version of the Earn program’s terms of use. Those terms state that lending platform Celsius held “all right and title to such Eligible Digital Assets, including ownership rights.” Related: Core Scientific shuts down 37K mining rigs it was hosting for Celsius The judge called the terms of use “unambiguous,” and pointed out that, if the funds in question belong to the debtor, their retur...
Celebs who got burned endorsing crypto and those that got away with it
Celebrities had a shaky year promoting crypto firms and projects throughout 2022. Many found themselves named in lawsuits over their alleged promotion of since-failed projects, while others have been relentlessly mocked on social media for their involvement in the first place. From movie stars to television actors, sports stars to musicians, many celebrities may be regretting their endorsement deals last year, though that’s not to say that there haven’t been exceptions. Who got burned? In February last year, American comedian Larry David, who co-created the television series Seinfeld, appeared in a Super Bowl commercial for now-defunct crypto exchange FTX that encouraged users not to “miss out on the next big thing.” [embedded content] David has since been named in a class-action law...
Bonk token goes bonkers as traders chase after high yields in the Solana ecosystem
Bonk, a meme token modeled after Shiba Inu (SHIB) that launched on Dec. 25, is skyrocketing and some traders believe the token’s trading volume is potentially driving Solana’s (SOL) price up. Over the past 48 hours, SOL price has gained 34%, and in the past 24 hours, Bonk has climbed 117%, according to data from CoinMarketCap. While the wider crypto market remains suppressed, traders are hoping that Bonk could present new opportunities during the downturn. According to the project’s website, Bonk is the first dog token on the Solana blockchain. Initially, 50% of the token supply was airdropped to Solana users with a mission to remove toxic Alameda-styled token economics. The airdrop resulted in more than $20 million in trading volume according to the Solana decentralized exchange Orc...
US authorities are seizing $460M in Robinhood shares tied to FTX: Report
The United States Departure of Justice has reportedly seized or was in the process of seizing more than $400 million worth of Robinhood shares linked to FTX as part of the case against the crypto exchange. According to a Jan. 4 report from Reuters, U.S. officials told a judge they were in the process of seizing assets tied to FTX and its former CEO, Sam Bankman-Fried, which included 56 million shares of Robinhood — worth roughly $468 million at the time of publication. The report comes a day after a judge in the criminal case against SBF orderedyu7po him not to access or transfer any cryptocurrency or assets from FTX or Alameda. Amid FTX’s bankruptcy proceedings, control of the Robinhood shares has been under contention as many investors and creditors look to be made whole. BlockFi, B...
