• Beto O’Rourke has set up $100,000 fund from $1M SBF donation for FTX victims. • The donation was made by former FTX CEO Sam Bankman-Fried before his crypto empire collapsed. • O’Rourke’s campaign will hold on to the $100,000 pending the outcome of investigations against SBF over campaign finance violations. Beto O’Rourke, a U.S. […]
On-Chain Metrics Suggest Bitcoin Bottom May be Near: Heed Macro Factors
• On-chain metrics suggest a Bitcoin bottom is near, with the Supply Profit and Supply Loss lines converging and then diverging. • Market Value to Realized Value (MVRV) is split by long-term and short-term holders, with Long-Term Holders (LTH) typically leading the market up and down. • Macro factors not present in previous Bitcoin cycles […]
Nexo Facing Outflows as Bulgarian Gov’t Investigates Financial Crimes
• On-chain data shows that addresses related to crypto lender Nexo are recording outflows following news of financial crimes investigations by the Bulgarian government. • Crypto intelligence platform Arkham Intelligence dashboard showed that the crypto lender had seen outflows of roughly $9 million since the news broke. • Nexo’s real-time attestation by Armanino showed that […]
Stricter Crypto Licensing Needed in France: Bank of France Governor
• The governor of France’s central bank, Francois Villeroy de Galhau, has advocated for stricter crypto licensing requirements. • Currently, full Digital Asset Service Provider (DASP) licensing is optional, but around 60 companies have obtained a less extensive „registration“ from the Financial Markets Authority (AMF). • In December, Senator Hervé Maurey proposed an amendment that […]
Crypto Sector Sees Record High Layoffs in 2022, Coinbase and Kraken Lead
• In 2022, 23,600 employees lost their jobs in the crypto sector, representing the highest number of layoffs ever recorded in the industry. • Coinbase, Kraken, Bybit, Amber Group, Huobi, and Bitpanda were among the firms with the highest number of layoffs. • The bear market had a greater impact on crypto exchanges, as trading […]