Author: AOTCC
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Dead cat bounce? Bitcoin price nears $23,000 in fresh 5-month high
Bitcoin is not far from reclaiming its 200-week moving average, but traders are still highly suspicious of the bullish BTC price action.
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FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner
The lack of recordkeeping of FTX coupled with “an auditor no one’s ever heard of” forces the CFTC to ask questions about the mindset of the institutional investors.
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SBF to forfeit $700M worth of assets if found guilty of fraud
While most of SBF’s assets have been seized, Federal prosecutor Damian Williams outlined that the government is also looking to take control of three of his affiliated Binance accounts.
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Crypto to play ‘major role’ in UAE trade: foreign trade Minister
UAE’s minister of state for foreign trade Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth.
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Bitcoin price rally provides much needed relief for BTC miners
Bitcoin’s prolonged breakout above $22,000 is easing pressure on razor thin profit margins for BTC miners.
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Stellar joins CFTC’s Global Markets Advisory Committee as one of four crypto orgs
Stellar chief operating officer Jason Chlipala said the foundation would bring the unique perspective of Layer 1 to the committee and highlight stablecoin use cases.
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DeFi should complement TradFi, not attack it: Finance Redefined
Top 100 DeFi tokens continued their bullish momentum into third week of January with majority of the tokens trading in green on weekly charts.
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Genesis’ bankruptcy filing was decided by independent committee according to DCG
A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection.
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Crypto Biz: SBF’s newest Excel spreadsheet reveals all
FTX’s debtors are applying “Herculean” effort to unearth the exchange’s remaining assets. Meanwhile, Sam Bankman-Fried claims FTX US is solvent.
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Opinion: Digital Currency Group’s Genesis implosion: What comes next?
Genesis, a subsidiary of Barry Silbert’s Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry.