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Days after its US branch raised $400 million, so has done the global exchange FTX. Thus, its total valuation grew to $32 billion. CryptoPotato reported last week the funding round in which FTX US raised $400 million from different investors such as Japan’s SoftBank Group Corp and Singapore’s Temasek Holdings. Less than a week later, CNBC reported that the new funding round for the global digital asset exchange FTX saw participation from some of the same investors. With this...

A state senator has introduced a bill in Arizona that seeks to make bitcoin a legal tender. Although the US federal law doesn’t allow the states to create their currencies, the bill may spark an interesting discussion. State Senator Wendy Rogers, a Republican, has moved a draft bill numbered SB 1341 that seeks to accord bitcoin the status of transactional currency or legal tender. If the bill is discussed in the state senate and house of representative for which a date is not...

In light of mounting criticism and complaints from the crypto community, one of the largest NFT marketplaces, OpenSea, has reimbursed about $1.8 million to users who were affected by the recent hack on its platform. On January 24, 2022, some OpenSea users saw their valuable NFTs sold at rock-bottom prices by hackers who leveraged a flaw on the OpenSea listing process to purchase those NFTs at almost 98% discounts and subsequently resell them for much higher. The OpenSea...

Bitcoin tried to take down $39,000 but was stopped and dropped to its current level of around $38,000. Most altcoins are slightly less fluctuating today, with Ethereum standing at $2,600. Chainlink and Axie Infinity are among the best performers. Bitcoin Stands Still at $38K It was just a few days ago when the primary cryptocurrency dropped two consecutive times to $35,500 after failing to overcome $36,000. However, the bulls stepped up at this point and pushed the asset...

Justin Bieber becomes the latest member of the exclusive Bored Ape Yacht Club and the proud owner of Ape #3001 that he bought for 500 ETH. Justin Bieber is a top-class celebrity and arguably one of the most famous people on the planet. Now, he also joined the famed Bored Ape Yacht Club. Bieber bought Ape #3001 for a whopping 500 ETH worth about $1.3 million at the time of this writing. This is how the ape looks like: Source: OpenSea The traits of the ape include a New Punk...

The blockchain-based data platform – Chainalysis – estimated that the total cryptocurrency value laundered in 2021 was $8.6 billion – 30% more than 2020. According to the company, though, such an increase is somewhat expected given the considerable growth of the asset class in the past year. Crypto Money-Laundering Is on The Rise In its most recent report, Chainalysis informed that cybercriminals dealing with cryptocurrencies share one common goal: move their “ill-gotten...

An anonymous UK resident reportedly parted with nearly $200,000 of his savings after a woman he messaged in a dating app conned him. The man admitted he felt so desperate after the scam that he considered taking his life. ‘In The Blink of an Eye, Everything Was Gone’ According to a recent coverage by BBC, the British citizen, called Tom (which is not his real name), was struggling with a break-up in 2020 and joined a dating application to look for companionship. Shortly...

The American financial services firm – Robinhood – announced that its cryptocurrency trading revenue for the fourth quarter of 2021 totaled $48 million. In comparison, this volume equaled $51 million in Q3. Disappointing Crypto Revenue for Robinhood in Q4 2021 has been a highly successful year for Robinhood as the company enjoyed significant financial profits during the pandemic. However, in terms of digital asset trading revenue, it started slowing down its run. According to...

Bitcoin’s recovery attempts continue with the asset aiming to overcome $38,000. Most alternative coins have produced even more significant gains since yesterday. Ethereum is up by 7%, while Solana has jumped by 8%. Bitcoin Eyes $38K Ever since bitcoin failed to breach $39,000 on Wednesday, as the Federal Reserve said it will increase the interest rates in March, the asset was unable to display any notable gains. In fact, it dropped to $35,500 hours after the Fed meeting and...

The most recent price plummets in the cryptocurrency market have not deterred large investors from accumulating more portions of certain assets. This became evident for Cardano’s native token, as on-chain data revealed that some ADA wallets have more than doubled their holdings in less than two weeks. ADA Appetite Increases With Lower Prices It’s safe to say that the cryptocurrency space went through a steep correction since the middle of January, wiping more than $500...