Bitcoin spikes to $22,330 after dip on worse than expected CPI data
Bitcoin spikes to $22,330 after dip on worse than expected CPI dataThe price of Bitcoin spiked to $22,330 after an initial dip on news of worse than expected consumer inflation data.
Happy TuesdayThe global crypto market cap is $1.02 trillion with a 24-hour volume of $57.11 billion. The price of Bitcoin is $22,067.31 and BTC market dominance is 41.6%. The price of Ethereum is $1,545.57 and ETH market dominance is 18.5%. The best performing cryptoasset sector is AI, which gained 15%.
Latest NewsBitcoin spikes to $22,330 after dip on worse than expected CPI data
The price of Bitcoin spiked to $22,330 after an initial dip on news of worse than expected consumer inflation data. Peter Schiff deems Kevin O’Leary, Mark Cuban crypto sell-outsPeter Schiff pointed out that Kevin O'Leary and Mark Cuban were crypto-skeptical at one time. CZ addresses rumors about Circle telling regulators to look into Paxos/BUSDCZ believes there is no substance to reports that Jeremy Allaire, founder of Circle, secretly told New York regulators to look into Paxos and BUSD. AI sector surpasses Yield farming again to outperform market by 12%A look at the top performing crypto sectors see yield farming and AI outperform Bitcoin over the last 24 hours Binance backs ChatGPT to improve crypto education, adoptionAI will be essential to the widespread adoption of blockchain technology as ChatGPT helps users learn in their own way according to Binance Ethereum’s OFAC-Compliant blocks drop to 47%Gnosis CEO Martin Koppelmann pointed out that while news of Ethereum being less OFAC-compliant is great, there is still a need for more "systemic solutions." CryptoSlate Daily wMarket Update: Bitcoin trades under 22k as market awaits CPI numbersThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Crypto lost $2.77 billion to hacks, exploits in 2022Nearly half of this amount was stolen through diverse methods including dodging verification, crowd looting, and market manipulation. Blockchain Association files amicus brief in support of Ishan WahiBA: SEC's move to classify nine tokens as securities without prior court order potentially violated the creators' right to defend themselves. Ethereum NFT sales climb 43% in JanuaryEthereum NFT sales for January amounted to $780.2 million — significantly up on the previous month but still 85% down year-on-year. US prosecutors raise concerns over SBF’s use of VPNSBF's lawyers said he only used the VPN to watch the National Football League (NFL) playoffs and the Super Bowl via an international subscription.
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CZ issues response to SEC vs. Paxos lawsuit
Monday, February 13, 2023
CZ doubled down on his belief that BUSD should not be subject to US securities law and that that the exchange will continue to support BUSD.
Op-ed: Why Sam Bankman-Fried did us all a favor
Saturday, February 11, 2023
The former FTX CEO has been vilified for his role in orchestrating the fraud, however, a deeper look into the overall situation shows he actually did us a favor.
SEC under fire for regulation by enforcement in Kraken staking action
Friday, February 10, 2023
The US securities regulator was blasted for its ham-fisted approach to staking regulation.
Research: BTC, ETH address momentum shows significant divergence
Thursday, February 9, 2023
The new address momentum metrics indicate a sturdy network growth for BTC while showing an opposite sentiment for the ETH network.
IRS broadens tax requirements for crypto to encompass everyone
Wednesday, February 8, 2023
The IRS said tax and reporting requirements are now mandatory for everyone who received, earned, transferred, or sold cryptocurrencies.
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