• Celsius Network has been granted court approval to process customer withdrawals. • The U.S. bankruptcy court authorized eligible XRP holders to receive Flare tokens due under a prior agreement. • Celsius filed for bankruptcy on July 14, 2022. Celsius Network, a crypto lender, has been granted court approval to…
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• Polygon, an Ethereum-scaling project, completed a hard fork to reduce gas fee spikes and disruptive reorgs. • The two proposals included in the hard fork were put forth in December and approved by a majority of Polygon validator teams. • The hard fork aimed to adjust a mechanism that…
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• 2022 was a bear market for Bitcoin (BTC) and Ether (ETH), with a 65% and 67% pullback, respectively. • CoinDesk Research Associate George Kaloudis discussed the year-in-review for the crypto industry, including the significance of the Ethereum Merge and crypto regulations in 2022. • The correlation between macro assets…
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• Cryptocurrency price volatility has been an issue for the past 14 months. • Financial advisors have likely already encountered the wild world of annual cryptocurrency predictions. • Tim Draper’s most optimistic call is $250,000 by year-end 2023, while Standard Chartered’s most pessimistic call is $5,000. The past 14 months…
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• Bitcoin defied the odds today, trading above $16,630 at the close of a historically, massively, tragically bad year. • Crypto markets are preparing for more rough times ahead in 2023. • Craig Erlam of Oanda noted that Bitcoin is fluctuating in a range of around $16,000-$17,000, and is expected…
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• The FBI is investigating a data breach involving 3Commas, a cryptocurrency trading service. • The breach was discovered after users noticed their funds had gone missing without their consent. • The estimated losses of the affected users is over $20 million. The Federal Bureau of Investigation (FBI) has launched…
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• Bitcoin and Ether returns in 2022 per unit of risk were about the same as equities and significantly better than bonds. • Stocks were nearly twice as risky in 2022 as 2021. • According to CoinDesk research, liquidity has been identified as a partial cause of negative events in…