The new head of FTX is exploring the possibility of restarting the bankrupt crypto exchange, according to an interview he gave to the Wall Street Journal, his first since taking over at FTX in November. This article originally appeared in Crypto Markets Today, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Subscribe to get it in your inbox every day. John J. Ray III, who previously handled Enron’s restructuring, said that despite the accusations of… Source link

But the announcement turned out to be “anticlimactic, at least in contrast to what the markets were guessing would happen,” said Michael Safai, managing partner of crypto trading firm Dexterity Capital. Safai told CoinDesk that the crypto market’s recent positive sentiment could lift further if institutional traders maintain BTC’s trading range between $20,000 and $21,000 over the next couple of days. Source link

Bitcoin fell from an all-time price high of close to $69,000 in November 2021 to below $16,000 in November 2022 (Getty Images/ iStock) The price of bitcoin is up by almost a third since the start of the year, leading to speculation that the prolonged ‘crypto winter’ is finally beginning to thaw. The world’s leading cryptocurrency was trading above $21,000 on Thursday, pushing its market cap higher than $400 billion for the first time since November. The latest gains come amid easing… Source link

“You will see them everywhere. You will see them in the Bahamas, you will see them in New York, London, and what we need to do as governments is to work together, with the industry as well, to ensure that if someone does something wrong, he can’t move from one place to the other,” he said. Source link

Cryptos responded in kind, testing lows but then recovering as investors chewed over the conflicting data. Bitcoin declined temporarily to $20,780 before finding its footing. The largest cryptocurrency by market capitalization was recently trading a little below $21,000. Ether’s price also dropped, to $1,513, before rising to near $1,550. Source link

Bitcoin (BTC) miner CleanSpark is expanding operations in the state of Georgia, adding to its mining capacity despite the ongoing bear market.  Groundbreaking on a new 50-megawatt Bitcoin mining facility in Washington, Georgia, is underway, with expected completion in late spring, CleanSpark disclosed on Jan. 19. The nearly $16 million expansion is expected to increase the company’s hashrate by 2.2 exahashes per second, with total hashrate reaching as high as 8.7 EH/s. The expanded… Source link

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Monero Classic (XMC) gets a neutral rating from InvestorsObserver Thursday. The coin is down 7.38% to $0.3628249902 while the broader crypto market is down 0.48%. Monero Classic has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero Classic! Neutral Over the last five days, Monero Classic has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

NYX Professional Makeup is launching an online beauty “incubator” in the form of a DAO called GORJS, as well as 1,000 Ethereum NFTs called the “FKWME Pass,” the L’Oréal-owned brand announced Thursday. GORJS, pronounced “gorgeous,” aims to set a precedent for “what beauty will be in the metaverse, and lead the cultural conversation as it relates to the values of diversity, inclusivity, and accessibility,” according to the DAO’s litepaper, or technical explanation. The DAO was… Source link