Monthly Archives: January 2023
New York Senate Proposes Crypto Bill: A Major Step Forward for Cryptocurrency Industry
• A new bill proposed to the New York Senate seeks to make certain cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, a legal form of payment for state agencies. • This would include accepting crypto as payment for civil … Continue reading
Bybit Assures Users of Safety After Bankruptcy of Crypto Lender Genesis
• Bybit founder Ben Zhao addressed concerns about Bybit’s exposure to the now-bankrupt crypto lender Genesis Global Capital. • According to court filings, Genesis owes its top 50 creditors $3.4 billion, including Bybit’s investment unit Mirana. • Zhao clarified that … Continue reading
Ethereum Price Rally Stalls: Warning Signs for Potential Reversal
• Ethereum’s price rally has seemingly come to a halt after hitting a resistance level of $1300. • Technical indicators are suggesting a potential bearish pullback, with the RSI declining and the 200-day moving average at the $1400 mark. • … Continue reading