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The global cryptocurrency market cap today is $849 Billion, a -0.7% change in the last 24 hours

Bitcoin ~ $16,815.86 (-0.2%)
Ethereum ~ $1,248.97 (-0.3%)
Solana ~ $13.21 (-0.6%)
Polkadot ~ $4.62 (-0.1%)
Flow ~ $0.694094 (-4.8%)

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2023 could be a rocky year for crypto venture investments: Galaxy Research

Around $30 billion was invested into crypto and Web3 startups in 2022, but will it be repeated this year?

2022 was a big year for crypto venture capital despite multiple high-profile meltdowns and the FUD (fear, uncertainty, and doubt) tsunami that followed. However, the funds may not flow as easily this year, a crypto researcher…

https://cryptoinsight.ae/2023-could-be-a-rocky-year-for-crypto-venture-investments-galaxy-research/

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Wash trading will cause crypto’s next implosion: Mark Cuban

The majority of centralized exchange volume is fake, according to the billionaire investor and Dallas Mavericks owner.

Crypto token wash trading on centralized exchanges will be the cause of the next crypto “implosion,” according to billionaire Dallas Mavericks owner and crypto investor Mark Cuban.

In an interview with The Street on Jan. 5, the billionaire…

https://cryptoinsight.ae/wash-trading-will-cause-cryptos-next-implosion-mark-cuban/

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DeFi security losses rose 47.4% in 2022 to hit $3.64B: Report

Over $1.40 billion worth of stolen DeFi funds was reportedly laundered via Tornado Cash during that period.

According to a Jan. 5 report published by Chinese blockchain security firm LianAn Technology, decentralized finance (DeFi) exploits across blockchains worldwide totaled $3.64 billion in 2022. This represented a rise of 47.4% compared with the loss of $2.44…

https://cryptoinsight.ae/defi-security-losses-rose-47-4-in-2022-to-hit-3-64b-report/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $858 Billion, a 1.0% change in the last 24 hours

Bitcoin ~ $16,932.04 (0.7%)
Ethereum ~ $1,263.92 (1.2%)
Solana ~ $13.28 (0.3%)
Polkadot ~ $4.66 (0.9%)
Flow ~ $0.707434 (2.0%)

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FTX collapse may boost ‘further trust’ in crypto ecosystem — Nomura exec

Jez Mohideen, co-founder and CEO at Laser Digital, argued that traditional financial companies entering the crypto space will help to regulate the industry.

The winds of crypto winter may be still blowing, but it doesn’t seem to be stopping venture capital firms from piling into cryptocurrencies. In fact, recent events influenced by the bear market,…

https://cryptoinsight.ae/ftx-collapse-may-boost-further-trust-in-crypto-ecosystem-nomura-exec/

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Macroeconomic data points toward intensifying pain for crypto investors in 2023

Chances of a crypto bull market in 2023 decrease as the Fed maintains a hawkish stance and threats of a recession in the U.S. economy continue to appear.

Undoubtedly, 2022 was one of the worst years for Bitcoin buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the…

https://cryptoinsight.ae/macroeconomic-data-points-toward-intensifying-pain-for-crypto-investors-in-2023/

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$3.9 billion lost in the cryptocurrency market in 2022: Report

The report from Immunefi revealed hacks to have been the main cause of related losses.

Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a total of 3.9 billion dollars in 2022.

According to the report, hacks were found to…

https://cryptoinsight.ae/3-9-billion-lost-in-the-cryptocurrency-market-in-2022-report/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $859 Billion, a 0.0% change in the last 24 hours

Bitcoin ~ $16,942.46 (0.2%)
Ethereum ~ $1,263.47 (-0.0%)
Solana ~ $13.29 (0.1%)
Polkadot ~ $4.64 (-0.4%)
Flow ~ $0.696363 (-1.4%)

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Hedge funds subpoenaed by U.S. prosecutors as Binance probe unfolds: Report

United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations.

United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations.

According to anonymous sources cited by the Washington Post, the U.S. attorney’s office for the Western District of Washington in Seattle subpoenaed investment firms to…

https://cryptoinsight.ae/hedge-funds-subpoenaed-by-u-s-prosecutors-as-binance-probe-unfolds-report/

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FTX asset sales challenged by U.S. Trustee: Report

A U.S. Trustee filed an objection to plans by FTX to sell its units in Europe and Japan, among other businesses.

Bankrupt crypto exchange FTX’s plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters.

As per the filing, U.S.…

https://cryptoinsight.ae/ftx-asset-sales-challenged-by-u-s-trustee-report/

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Wyre imposes up to a 90% withdrawal limit for all users

Wyre imposed a daily withdrawal limit on its platform subject, citing “the best interest of our community.”

Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown.

On Jan. 7, 2023, Wyre…

https://cryptoinsight.ae/wyre-imposes-up-to-a-90-withdrawal-limit-for-all-users/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $884 Billion, a 3.1% change in the last 24 hours

Bitcoin ~ $17,215.28 (1.6%)
Ethereum ~ $1,308.83 (3.5%)
Solana ~ $16.16 (21.6%)
Polkadot ~ $4.92 (6.0%)
Flow ~ $0.755848 (8.5%)

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Why DeFi should expect more hacks this year: Blockchain security execs

One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm.

Decentralized finance (DeFi) investors should buckle themselves up for another big year of exploits and attacks as new projects enter the market and hackers become more sophisticated.

Executives…

https://cryptoinsight.ae/why-defi-should-expect-more-hacks-this-year-blockchain-security-execs/

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Digital Currency Group under investigation by US authorities: Report

U.S. authorities are reportedly investigating internal transfers from Digital Currency Group to its subsidiary Genesis.

Crypto conglomerate Digital Currency Group, or DCG, is under investigation by the United States Department of Justice’s Eastern District of New York and the Securities and Exchange Commission (SEC), according to a Bloomberg report.

The authorities are digging into internal…

https://cryptoinsight.ae/digital-currency-group-under-investigation-by-us-authorities-report/

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Bitcoin, Sango Coin and the Central African Republic

The Central African Republic adopted Bitcoin and swiftly created its own token, Sango Coin. But where did Sango Coin come from, and why is it necessary?

In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin.

As the second country globally to recognize Bitcoin in such a…

https://cryptoinsight.ae/bitcoin-sango-coin-and-the-central-african-republic/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $886 Billion, a 0.2% change in the last 24 hours

Bitcoin ~ $17,234.20 (0.1%)
Ethereum ~ $1,326.43 (1.3%)
Solana ~ $16.16 (0.1%)
Polkadot ~ $4.90 (-0.4%)
Flow ~ $0.787935 (4.2%)

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5 sneaky tricks crypto phishing scammers used last year: SlowMist

SlowMist found that across 303 recorded blockchain security incidents in 2022, nearly a third were made up of phishing attacks, rug pulls and scams.

Blockchain security firm SlowMist has highlighted five common phishing techniques crypto scammers used on victims in 2022, including malicious browser bookmarks, phony sales orders and trojan malware spread on messaging app…

https://cryptoinsight.ae/5-sneaky-tricks-crypto-phishing-scammers-used-last-year-slowmist/

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Terra accidental airdrop leads to smear campaign, community member claims

TFL claimed that the airdrop receiver refused to return the funds, while the user claimed that he was on the verge of settlement with the firm when the former decided to run a smear campaign.

Terraform Labs (TFL), the firm behind the defunct algorithmic stablecoin TerraUST (USTC), and its co-founder Do Kwon is back in…

https://cryptoinsight.ae/terra-accidental-airdrop-leads-to-smear-campaign-community-member-claims/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $891 Billion, a 0.7% change in the last 24 hours

Bitcoin ~ $17,402.96 (1.0%)
Ethereum ~ $1,331.55 (0.4%)
Solana ~ $16.07 (-0.9%)
Polkadot ~ $4.87 (-0.7%)
Flow ~ $0.785750 (-0.3%)

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