Ethereum set for a ‘monster rally’ as price nears $2.9K

Bitcoin (BTC) derivatives trading looks set to reach record levels this month as volume spikes and open interest hovers near all-time highs.Data from CME Group shows that as of Jan. 16, open interest for its futures products alone totaled 5,328 contracts — or 26,640 BTC ($237 million).Open interest on track for recordThe figure is higher…

Crypto industry layoffs appear to have slowed down significantly over the past month with an estimated 570 crypto employees dismissed in February, down from an estimated 2,850 in January.Cointelegraph compiled the figures based on publicly reported layoffs and found job cuts were spread across at least 12 companies over the 28-day period, but noticeably lacked…

Bankman-Fried has only a few days to meet document requirements before his appearance in court next week. 3007 Total views 57 Total shares Own this piece of history Collect this article as an NFTRepresentatives for Voyager Digital’s unsecured creditors have requested that former FTX CEO Sam Bankman-Fried (SBF) and several top-level executives from FTX and…

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s notePolicy changes slowly. Crypto wants to move fast. Sometimes fairly, sometimes not, the crypto industry often portrays traditional financial regulators as calcified relics unprepared to deal with the coming new world. To be fair, everyone seems to…

Bitcoin (BTC) exchange reserves are continuously plummeting as analysts pinpoint the trend to a shortage of sellers. Since the March crash, the reserves on exchanges rapidly fell from 2,950,000 BTC to 2,700,000 BTC.Within merely seven months, a 250,000 BTC fall in exchange reserves signifies a $2.85 billion decline. Behind the steep trend could be two…

A Visa spokesperson confirmed to Cointelegraph the company has terminated its global agreements with FTX. 420 Total views 3 Total shares Only a month after payments giant Visa announced a partnership with FTX to roll out a debit card program in 40 countries worldwide, Visa has abruptly ended the program due to FTX's recent insolvency…

A community member pointed out that the lack of movements may be because of the controversies surrounding centralized exchanges. 230 Total views 6 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTTraders looking forward to a rally during Christmas were disappointed as the markets turned out to be steady as many celebrated the…

Bitcoin (BTC) loses to gold when it comes to how easy it is to transport and confiscate, says Peter Schiff.In a tweet on July 29, the gold bug and infamous Bitcoin skeptic claimed that it was easier to move and preserve ownership of the precious metal.Gold is “absolutely transportable”“Gold is absolutely transportable and harder to…

At the time of bankruptcy, FTX faced a shortfall of $8 billion owed to its customers. 360 Total views 2 Total shares Sam “SBF” Bankman-Fried, the founder of cryptocurrency exchange FTX, claims that spending clients’ fiat deposits was just part of “risk management” for his intertwined crypto hedge fund Alameda Research.During the former crypto executive’s