Around 1,000 early crypto adopters shared their predictions for 2023, showing that crypto is up for a turbulent but meaningful year.
Assessing the health of the crypto market requires looking at more than just Bitcoin's price.
Accused of laundering over $1 billion worth of crypto, the Russian exchange saw its owner arrested and assets seized. And while the scope of Bitzlato's alleged crimes is serious, its effect on the crypto industry could be limited.
Brett Harrison, the former CEO of FTX.US, raised $5 million from big-name investors to launch a new crypto startup called Architects.
Sam Bankman-Fried and other executives at FTX donated cash to 196 members of the new U.S. Congress.
The exchange said leaving Japan is part of its restructuring process that will help it weather the bear market.
Coinbase's CEO Brian Armstrong said that the layoffs will provide the company with operational efficiency to weather the bear market. Coinbase's shares were up almost 3% premarket after the announcement.
Around $12 billion in various crypto assets has been withdrawn from Binance since November. To Forbes, the massive outflow looks like a soft bank run. To the rest of the market, it just might be business as usual.
Prosecutors involved with the FTX investigation have reportedly told lawyers that the case is so sprawling it could exhaust the resources of the U.S. District Court for the Southern District of New York.
Bitcoin's annualized 3-month futures basis just came out of deep backwardation. Every time this happened in the past, a price rally occurred within months.
Bitcoin's implied volatility currently stands at a two-year low and shows that the derivatives market sees no major price movements in the near future.
The growing number of Bitcoin UTXOs indicates a healthy network usage that defies the ongoing bear market.
