Crypto
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Initial approval given for Voyager and Binance.US deal amid national security probe
Bankrupt crypto lender Voyager Digital received initial court approval for its proposal to sell its assets to Binance.US for $1.02 billion amid a national security probe Voyager is seeking to speed up. On Jan. 10, United States Bankruptcy Judge Michael Wiles allowed Voyager to enter into the asset purchase agreement and seek creditor approval, but the sale will not become final until a future court hearing, according to a Jan. 11 Reuters report. It comes as Voyager wants to expedite a review of its proposal to sell assets to Binance.US which could result in the deal being blocked or delayed. Voyager’s attorney Joshua Sussberg noted during the court hearing that Voyager has been responding to questions from the Committee on Foreign Investment in the United States (CFIUS) and will address an...
Cointelegraph has launched an Accelerator program for innovative Web3 startups
New York, United States, 10th January, 2023, Chainwire The program aims to help Web3’s rising stars boost their media presence, community growth and brand awareness in exchange for project tokens. The Web3 space is growing rapidly and new startups are emerging daily, with investment into Web3 projects skyrocketing to $30 billion in 2021 and around $36 billion in 2022. While many Web3 founders have great ideas and a strong value proposition to bring to the space, this is a challenging field riddled with competition and a lack of trust from the broader audience. Founded in 2013, Cointelegraph has grown to become a world leader in the digital assets, metaverse and emerging technologies media space, with over 20 million readers worldwide. The company is now looking to help other rising stars r...
AI altcoins are pumping — Is this the beginning of the next bull market? The Market Report
This week on The Market Report, the resident experts at Cointelegraph discuss what artificial intelligence (AI) altcoins are, what their potential benefits are, how they work, and whether they can be a catalyst for a 2023 bull market. We start off this week’s show with the latest news in the markets: BTC price 3-week highs greet US CPI — 5 things to know in Bitcoin this week Bitcoin (BTC) starts a new week on a promising footing, with BTC price action near one-month highs — but can it last? The move precedes a conspicuous macroeconomic week for crypto markets, with the December 2022 Consumer Price Index (CPI) print due from the United States. Jerome Powell, chair of the Federal Reserve, will also deliver a speech on the economy, with inflation on everyone’s radar. Inside the...
Remote work could redefine the global workforce for good
As the global economy continues to reel from the devastation caused by the COVID-19 pandemic, there is increasing data suggesting that more and more people are now favoring a remote work-based lifestyle. In this regard, a survey sample of working United States citizens shows that Millennial and Generation Z workers prefer joining a remote workforce and decentralized autonomous organizations (DAOs) as opposed to going to an office. As part of the study, more than 1,100 U.S. citizens were asked to provide their preferences regarding remote work and the emergence of DAOs in recent years. Using research pertaining to DAOs published by the Harvard Law School, the survey showed how DAOs have seen their coffers grow from a respectable $400 million to a whopping $16 billion over the course of 2021...
Manta Network conducts record-breaking trusted setup ceremony, 4,000+ contribute
Manta Network recently completed the largest trusted setup ceremony ever, with over 4,000 people participating, according to a press release provided to Cointelegraph. The setup was done in order to help create MantaPay, an app that intends to allow for private payments between individuals. 8/ 2022 also saw the launch of the world’s largest trusted setup on Polkadot by @MantaNetwork, spanning 177 countries with over 13,000 participants and counting. This technology is essential for building a better, more secure web that keeps sensitive information private. — Polkadot (@Polkadot) December 31, 2022 According to the company, MantaPay will run on the Polkadot parachain Manta Network and on the Kusama parachain Calamari. It will use zero-knowledge proofs to ensure that only the sender and reci...
Nebraskangooner gives his opinions on whether news affects BTC price
On Dec. 28, Cointelegraph’s Crypto Trading Secrets podcast interviewed trader Nebraskangooner, gathering his opinions on several topics. “Flat and completely sideways and uneventful,” Nebraskangooner said when asked about his thoughts on Bitcoin’s (BTC) price lately. The crypto bear market saw the price of Bitcoin struggle throughout 2022, falling significantly from its all-time high above $60,000 seen in 2021. Nebraskangooner gave a few thoughts on Bitcoin’s possible location within the bear market and a potential bottom for the asset. Regarding his view on Bitcoin’s price, Nebraskangooner said he primarily looks to price charts for evaluation rather than mainstream news events. “I’ve never really been a believer in too much news affecting anything,” he explained, continuing: “I thi...
Metacade presale passes $2 million – only $690k remaining before it sells out
London, United Kingdom, 10th January, 2023, Chainwire Metacade has exceeded expectations as investors flocked to its presale to purchase MCADE tokens, raising over $2 million for the GameFi project. The beta stage of the presale saw $1 million pour in over a matter of weeks and momentum has continued despite the 25% increase in token price. There is now only $690k remaining of the token at $0.01 before the price rises 20% in the next round. $MCADE is available to buy on the official Metacade website. [embedded content] Metacade is the world’s first community-run play-to-earn (P2E) arcade built on blockchain. The Ethereum-backed metaverse project will offer a thriving GameFi hub for gamers and crypto enthusiasts alike. It will be a place to earn, learn and connect with like-minded individua...
Mark Cuban to face questioning under oath over promotion of Voyager
Dallas Mavericks owner Mark Cuban is set to be deposed next month as part of a defense against a proposed class-action lawsuit alleging that he promoted a Ponzi scheme” in the form of now-bankrupted crypto lender Voyager Digital. A deposition in legal terms generally involves answering a line of questioning under oath during the pre-trial discovery stage of a potential court case. In a Jan. 9 court order, U.S. Magistrate Judge Lisette M. Reid denied Cuban’s request to split the deposition into two sessions and ordered that his full deposition would be taken on Feb. 2 in Dallas, Texas. As part of the defense, two Dallas Mavericks employees will also be deposed before Feb. 23. Additionally, the judge stated that three plaintiffs behind the suit — Pierce Robertson, Rachel Gold and Sanford Gol...
FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case
As the investigation into FTX continues, the crypto exchange’s former engineering chief, Nishad Singh, followed former FTX and Alameda Research executives Gary Wang and Caroline Ellison by reportedly meeting with federal prosecutors to cut a deal. Singh attended a proffer session during the week of Jan. 2 at the office of the United States Attorney for the Southern District of New York. Individuals may be granted limited immunity to share their knowledge with prosecutors at such meetings. Prosecutors likely sought to determine if Singh has valuable information to offer in the lawsuit against FTX founder Sam Bankman-Fried, according to a Jan. 10 Bloomberg report. Bankman-Fried also faces campaign finance violations and prosecutors are interested in Singh’s knowledge about FTX’s political do...
Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast
Bitcoin (BTC) community members took to social media in response to the claims of Peter Zeihan, a recent guest on the Joe Rogan Experience (JRE) podcast. In a recent JRE episode, Zeihan, an American geopolitical analyst and author, claimed that crypto was always a “hot dumpster fire” and that Bitcoin has no intrinsic value. The analyst claimed that the number one digital asset by market capitalization is now being priced “more appropriately.” Additionally, Zeihan argued that Bitcoin, which is trading at around $17,000 at the time of writing, will go down by $17,000 more, saying that its appropriate price is within the negatives. He added: “The craziest thing about Bitcoin is that there will never be more than X number of units of Bitcoin. By default, it means it can’t be us...
Cointelegraph’s Accelerator Program launches and is seeking Web3 startups
The Web3 space is growing rapidly, and new startups are emerging daily. Overall investment into Web3 projects skyrocketed to $30 billion in 2021 and $36 billion in 2022, even amid the market crisis. While many projects have good ideas and a strong value proposition to bring to the space, this is a challenging field riddled with competition and a lack of trust from the broader audience. Cointelegraph has established itself as a leader in the digital asset, Metaverse and emerging technologies media business since 2013, and is now looking to help other rising stars reach their full potential. Cointelegraph is delighted to introduce its Accelerator Program — a startup booster leveraging Cointelegraph’s capabilities as a strong media and strategic partner for promising Web3 companies. Paul Soln...
Flare Launches Layer 1 Oracle Network
Dubai, UAE, 10th January, 2023, Chainwire Flare, the blockchain for building applications that use data from other chains and the internet, has successfully completed its long-awaited token airdrop at 11:59 pm UTC on January 9th. The airdrop saw 4.279B Flare (FLR) tokens distributed to millions of recipients, including users on Binance, OKX, Kraken, Bithumb, UpBit, Kucoin, BitBank, & more, in one of the largest scale distributions in crypto history. The airdrop is a significant milestone for Flare as developers can now start to take advantage of Flare’s EVM and native data acquisition protocols, the State Connector and Flare Time Series Oracle. These native protocols, secured by the network, provide decentralized access to high-integrity data from other blockchains and the internet, en...
