Bitcoin briefly soars beyond $25k; $232M in shorts liquidated
Bitcoin briefly soars beyond $25k; $232M in shorts liquidatedBitcoin's (BTC) price soared beyond $25,000 for the first time since June 2022 — peaking at $25,104, according to CryptoSlate's data.
Happy ThursdayThe global crypto market cap is $1.12 trillion with a 24-hour volume of $85.11 billion. The price of Bitcoin is $24,901.55 and BTC market dominance is 42.8%. The price of Ethereum is $1,715.97 and ETH market dominance is 18.7%. The best performing cryptoasset sector is Play-to-Earn, which gained 11%.
Latest NewsBitcoin briefly soars beyond $25k; $232M in shorts liquidated
Bitcoin's (BTC) price soared beyond $25,000 for the first time since June 2022 — peaking at $25,104, according to CryptoSlate's data. Nigeria’s CBDC program called ‘a very dark experiment’The Nigerian central bank had doubled down on cash restrictions, triggering chaos in the country. Almost 25% of tokens launched in 2022 resemble P&D schemesChainalysis report revealed 24% of tokens launched in 2022 experienced a significant price decline within the first week of launch. On-chain DAO platform Tally proposes new governance structure for MakerDAOThe proposal includes the OpenZeppelin Governor favored by numerous large DAOs in the Ethereum ecosystem. Crypto community sees advantage in owning NFTs; 52% want to buy via credit cardsOf the respondents in a recent report, 92% see advantage in owning an NFT, while 52% say they want to buy NFTs using credit cards. Norwegian Police seize $5.9M from Axie Infinity hackersØkokrim said it will communicate with Axie Infinity's parent company Sky Mavis to return the recovered funds. CryptoSlate Daily wMarket Update: Bitcoin rallies to 6-month high with explosive 10% gainThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Hong Kong scores first HK$800M issuance of tokenized green bondsPaul Chain said the successful issuance of the green bonds marks the government's commitment to promoting innovation in the financial market. Hong Kong legalizes crypto trading sparking outcry from Brian ArmstrongBrian Armstrong called on Congress to act fast on crypto regulation — or risk losing ground to rival jurisdictions, including Hong Kong. Conflux surges 134% following partnership to develop blockchain SIM cardsAlongside its surge in price, Conflux's foundation has burnt close to 500 Million CFX tokens in a bid to make it less inflationary.
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Bitcoin spikes to $22,330 after dip on worse than expected CPI data
Tuesday, February 14, 2023
The price of Bitcoin spiked to $22330 after an initial dip on news of worse than expected consumer inflation data.
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.
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