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Learn more about Project Arcana, a blockchain technology project which seeks to unshackle your digital identities for legacy storage and phygital benefits. Non fungible tokens (NFTs) started as what are essentially tamper-proof ledgers to verify authenticity and guarantee collectors’ ownership rights over artworks. However, since their emergence several years ago, NFTs have become much more than that. Now, many projects claim to seek to deliver new forms of value and utility. So far, many have centered around community building and intellectual property. As of yet though, no notable projects have tried to center their build around the potential of the core technology that is blockchain. Simultaneously, growing traction of the Metaverse concept and Web3 culture have led to many enthusiasts identifying themselves by way of NFTs as profile images (frequently called PFPs as short-hand). While this has proven an interesting way for holders to represent their growing collection and involvem...

According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhattan, the New York judge presiding over the case unsealed the co-signers of Bankman-Fried’s bond on Wednesday. The names of the two bail bond co-signers that were previously redacted from court documents are Stanford University alumni Larry Kramer and Andreas Paepcke. Details Emerge on SBF’s Bail Bond Co-Signers Sam Bankman-Fried (SBF), co-founder of FTX, faces eight counts of financial misconduct for allegedly mishandling customer funds. He is currently out on bail and is being monitored by an ankle bracelet, with his trial scheduled for Oct. 3, 2023. SBF’s $250 million bond agreement was secured by his parents’ Stanford faculty home, and two co-signers backed the agreement. However, their names were previously unknown because lawyers argued that they should remain redacted for privacy reasons. The two co-signers of SBF’s $250M bail bond were both memb...

Recent positive Bitcoin price action has been linked to a slowdown of U.S. inflation, Mike Novogratz thinks the price rally could sustain until the end of March. Galaxy Digital Holdings CEO, Mike Novogratz, believes there's a chance Bitcoin (BTC) could return to $30,000 or above before the end of March. According to a Feb. 15 Bloomberg report Novogratz spoke at a Bank of America conference the same day and said he would’ve been the “happiest guy” if 2022 ended with BTC at $30,000, but added: “When I look at the price action, when I look at the excitement of the customers calling, the FOMO building up, it wouldn’t surprise me if we were at $30,000 by the end of the quarter.” The prediction is much lower than others Novogratz has made in the past. The Galaxy CEO once believed Bitcoin could reach $500,000 by the end of 2027 if the United States Federal Reserve kept hiking interest rates. Announcing #48 of Cointelegraph’s Top 100 influencers in Crypto and Blockchain@novogratz Former G...

Bitcoin [BTC] and the cryptocurrency industry, in general, have had a tough time, particularly in the United States. Uncertain regulations in the region have made it rather challenging for these assets to survive. Despite being one of the most powerful countries in the world, cryptocurrencies are crumbling in the U.S. It looks like the industry could be enduring a few more hardships in the region. Earlier today, President Joe Biden named Lael Brainard as his top economic advisor. Brainard has been serving as the United States Federal Reserve Board Vice Chair and her current role as the director of the National Economic Council would make her the face of the U.S. economy. Through this transition, Brainard would reportedly advise Biden’s administration on multibillion-dollar economic agenda. This includes the Bipartisan Infrastructure Law and the CHIPS and Science Act which are pertinent in the country. The cryptocurrency community wasn’t very happy about this change. Th...

Join Our Telegram channel to stay up to date on breaking news coverage A crypto trading firm called Elliptic Enterprises Ltd has stated that there is the latest information about hackers switching to new tactics to steal virtual currency. Sources have reasons to believe that these hackers are associated with the North Korean Government.   Their use of new tools to launder digital assets could wipe out investors’ crypto holdings. The Lazarus Group: Cyber Criminal Syndicate These North Korean hackers are sometimes known as the Lazarus Group. According to officials at Elliptic Enterprises Ltd, hackers are using a new laundering tool named ‘Sinbad’. There are speculations on behalf of the firm that ‘Sinbad’ has a probable connection with their previous crypto mixer called ‘Blender’. In May 2022, Blender was sanctioned by the US Treasury. Sinbad is highly likely to be a revamp of Blender. The Lazarus Group is a prolific cryptocurrency...

Shiba Inu profitability has been varying with the fluctuations in the price. Holders who entered SHIB during its all-time highs ended up losing money, as the meme coin is down by 85% from its peak. According to the data from IntoTheBlock, the profitability of the meme coin has become unprofitable. Data reveals that holders making profits at the current price are only at 16%. Twenty-six percent of the holders are neutral. However, 57% of the holders are in losses. Source: IntoTheBlock The recent drop in profitability is due to the drop in its price. SHIB is trading at $0.00001246 with a 4.17% drop in value over the last 24 hours. Shiba Inu’s large holder’s concentration also stands at 80%, with the top whales holding the most SHIB. Shiba Inu burn rate plummets to -10.37% Shiba Inu was in the news recently due to an increase in the burn rate of over 10129% in 24 hours. This was one of SHIB’s rare moments in 2023. Shiba Inu has been exhibiting varying burn rat...

Bridgewater Associates’ co-chief investment officer has warned about a recession that is “much more difficult” and “much more painful” than what we’ve been accustomed to. “The dam has been broken where fiscal policymakers are now part of the story,” said the executive of the world’s largest hedge fund. Bridgewater Executive’s Recession Warning Karen Karniol-Tambour, Bridgewater Associates’ co-chief investment officer, warned about recessions that are very different from previous times in an interview with Bloomberg last week. Founded by billionaire Ray Dalio, Bridgewater Associates is the world’s largest hedge fund, with about $130 billion in assets under management. When asked about the next big risk she sees coming over five to 10 years, Karniol-Tambour replied: The next big risk is recessions that are deeper and longer than what we’ve been accustomed to. In previous economic downturns, “central b...

As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of more than 50,000 Ordinal inscriptions as the trend has continued to increase daily. People are inscribing text, images, videos, audio, and software applications onto the blockchain, with some inscriptions fetching high prices via over-the-counter (OTC) trades. A clone of the popular NFT collection Cryptopunks, called Ordinal Punks, is selling for similar values to the original NFTs minted on Ethereum. Ordinal Inscriptions Become Latest Sensation in NFT Market, Selling for High Prices on Over-the-Counter Trades Ordinal inscriptions are gaining popularity in 2023, with the number rising to more than 50,000. Just five days prior, there were only 7,000 inscriptions. As of 12:20 p.m. ET on Feb. 11, 2023, there are 57,179 inscriptions hosted on the Bitcoin blockchain. Additionally, several ordinal inscriptions have sold for substantial amounts in the past week, including a clone of the Cryptopunks NFT collection, ...

A Dogecoin price prediction appears to be very important, especially in light of the recent rally. The first meme cryptocurrency, Dogecoin (DOGE), created quite a ruckus in the cryptocurrency market.  Multibillionaire Elon Musk enthusiastically supported the asset and contributed to keeping its identity in the public eye. Therefore, Elon Musk’s actions had a direct impact on DOGE’s price. His most recent Twitter acquisition significantly reduced the asset’s value. Read more: Uniswap Proposal for BNB Chain Deployment Concludes At press time, DOGE is trading at $0.08189, a 7% drop in value over the last 24 hours. The whole cryptocurrency market is trading in the red with single-digit losses. Let us take a look at how DOGE will perform in mid-February. Source: CoinMarketCap Dogecoin price prediction for mid-February 2023 Based on Dogecoin ’s behavior at the start of 2023, cryptocurrency experts at Changelly predicted the price of DOGE for ...

The mining firm is not fearful of the bear market and plans to “pick off infrastructure and assets at good deals” this year. Bitcoin (BTC) mining firm CleanSpark is planning to continue its strategy of scooping up distressed mining company assets this year.  The Bitcoin miner released its fiscal Q1 earnings presentation on Feb. 9, where the company said it remained optimistic about the coming year and continued growth. Chief Financial Officer, Gary Vecchiarelli, said CleanSpark has seen “explosive growth” in the last 12 months and feels very comfortable with its plans. He added that growth in terms of mergers and acquisitions would continue into 2023. “With respect to our strategy regarding M&A, we have been one of the most active miners to date in acquiring infrastructure and machines, and we will continue to be active.” “We are still buyers in this market, and our strategy has not changed,” he added before stating that “we don't feel compelled to go out and have to do M...

Fan token platform Chiliz validates the genesis block of its new layer-1 EVM compatible blockchain to mark its five year anniversary. Five years on from its inception, fan token platform Chiliz has launched its own layer-1 Ethereum Virtual Machine (EVM) compatible blockchain ecosystem to support its growth. Chiliz’s fan token ecosystem has long been powered by Ethereum-based ERC-20 tokens, but the validation of the Chiliz ‘2.0’ Blockchain genesis block sees the ecosystem shift to its own layer 1.  The new blockchain uses a system of 11 active validators with Proof of Stake Authority (PoSA) consensus, which is touted to provide faster block times, lower fees and energy usage.  According to the project’s documentation, Chiliz Chain 2.0 is a hard fork of BSC which itself is a go-Ethereum fork. This means that the new layer-1 is EVM compatible, which is aimed to attract DApp developers to build within the environment. Chiliz has made waves in the Sport and entertainment space through its...

YouTuber Logan Paul and his CryptoZoo NFT team face a lawsuit alleging that they executed a rug pull. In this week’s newsletter, read about how Yuga Labs settled a lawsuit with one of the creators of a copycat nonfungible token (NFT) collection. Learn how the Bitcoin Ordinals creator fixed the first instance of porn uploaded to the protocol and how YouTuber Coffeezilla tricked MMA fighter Dillon Danis into promoting fake NFTs. In other news, Logan Paul and his team face a class-action lawsuit for allegedly executing a rug pull, and don’t forget this week’s Nifty News, featuring Mastercard’s former NFT lead minting his resignation letter as an NFT.  Yuga Labs settles lawsuit with developer involved in copycat BAYCs Yuga Labs — the team behind the popular Bored Ape Yacht Club (BAYC) NFT collection — settled a lawsuit with Thomas Lehman, one of the creators of a collection called RR/BAYC, which copies the original BAYC NFTs. The NFT firm sued the developer in January for his role in the...

Source: TradingView The cardano price has gained by 2.5% in the past 24 hours, reaching $0.398260 following a 1.5% rise for the market as a whole. This level makes for an 11% rise in a fortnight and a 35% increase in the last 30 days, with ADA's price being helped on by the launch of Cardano-based stablecoin Djed last week. The arrival of Djed has stimulated extra demand for ADA, which is one of the main reserve tokens for the new algorithmic stablecoin. It has also resulted in more use of Cardano itself, with the layer-one network seeing its total value locked (TVL) rise by more than 100% since the start of January. Cardano Price Forecast as DeFi TVL on Cardano Doubles Since Start of Year – $1 ADA Incoming? ADA's indicators suggest that it's a good time for the altcoin right now, with its 30-day moving average (red) close to overtaking its 200-day (blue). If it does rise above the longer term average form a golden cross, the coin could be in line for fu...

As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL) out of the 6.87 million ether held by the 11 liquid staking platforms. More than 15% of the liquid staking TVL is being staked with Coinbase’s wrapped ether. Lido Leads the Pack With 73% of Total Value Locked in Ethereum Liquid Staking Industry Staking Ethereum has become a highly sought-after trend since its introduction on the network’s Beacon chain. The Beacon chain contract has 16.47 million ether locked, worth $26 billion, that cannot be withdrawn until the upcoming March hard fork. A significant portion of this locked ether is held within liquid staking protocols, as 11 decentralized finance (defi) protocols hold 41% of the total, or 6.87 million ether. Total value locked on Ethereum-based liquid staking platforms on Fe...

Crypto firms in the United Kingdom could face some harsh punishments under the FCA's proposed financial promotions regime. Newly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms face up to two years of prison for failing to meet certain requirements around promotion, according to the U.K. financial watchdog.  In a Feb. 6 statement, the U.K. Financial Conduct Authority (FCA) revealed that if the proposed "Financial promotions regime" is approved by Parliament, all crypto firms in the country and overseas would have to follow certain requirements when advertising their crypto services to U.K. customers. “Cryptoasset businesses marketing to UK consumers, including firms based overseas, must get ready for this regime,” said the FCA. "Acting now will help ensure they can continue to legally promote to U.K. consumers. We encourage firms to take all necessary advice as part of their preparations," it added. Under th...

Join Our Telegram channel to stay up to date on breaking news coverage The Graph’s GRT token is currently outperforming the market as the month enters its first full week. With the asset now looking to break out even further, investors will be watching to see if it has any more highs to claim. GRT Offers Relief to Investors The crypto market is currently experiencing a downtrend, with economic pressure weighing on coin prices. The market also appears to have calmed down after a roaring month in January, when most coins saw double-digit gains at the very least. Despite this, GRT has shown some impressive gains. The digital asset currently trades at $0.1276, marking an impressive gain of 9.72% in the past 24 hours. This means that GRT has handily outperformed the market, which is currently down by 2.30% in the same period. GRT’s strong performance has also extended to its technicals. The asset is trading above all its moving average(MA) indicators, ranging from the...