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Latest From Polarisbitlimited

Business Solutions

Bitcoin ATM decline: Over 400 machines went off the grid in under 60 days

Business Solutions

China doles out millions in digital yuan in bid to boost adoption: Report

Business Solutions

BNB Chain on-chain activity bucks bear market downtrend in Q4: Messari

Business Solutions

Spanish rehab center adds crypto trading addiction to services list

Business Solutions

Why is the crypto market down today?

Business Solutions

Monkey Drainer-linked scammers possibly exposed after an on-chain quarrel

Blog
January 28, 2023

Bitcoin ‘so bullish’ at $23K as analyst reveals new BTC price metrics

Market analyst Cole Garner suggests that Bitcoin bulls are in for a treat amid an ongoing BTC price renaissance. Bitcoin  BTC  $23,030  remains firmly “bullish” at $23,000, according to new on-chain metrics from one of the industry’s best-known names. In a preview on Jan. 28, market cyclist and on-chain analyst Cole Garner revealed what he said were “backtested and validated” Bitcoin trading tools….

2 min read
January 28, 2023

U.S gov’t $1.5T debt interest will be equal 3X Bitcoin market cap in 2023

The U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices. Commentators believe that Bitcoin  BTC  $23,010  bulls do not need to wait long for the United States to start printing money again. The latest analysis of U.S. macroeconomic data has led one market strategist to predict quantitative…

2 min read
January 28, 2023

IRS reminds taxpayers of crypto income reporting ahead of 2022 filing

The IRS recommendation to check “Yes” boils down to receiving, earning, transferring or selling cryptocurrencies for any monetary benefit, including mining and staking. With the deadline approaching for filing the 2022 federal income tax return, the Internal Revenue Service (IRS) — an enforcement agency of United States federal tax laws — released a list of reporting requirements for the general…

1 min read
January 21, 2023

SBF to forfeit $700M worth of assets if found guilty of fraud

While most of SBF 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. According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he were to be found guilty…

2 min read
January 21, 2023

Crypto lender Genesis files for Chapter 11 bankruptcy 

Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York. Cryptocurrency lender Genesis has filed for Chapter 11 bankruptcy in the Southern District of New York. The firm has estimated liabilities of $1 billion to $10 billion and assets in the same…

2 min read
January 15, 2023

One of the largest US colleges has begun teaching students about Bitcoin

The professor said a “Programming Bitcoin” course will follow the first Bitcoin course, where students will learn how to “build a Bitcoin library from scratch.” Classroom adoption of Bitcoin and cryptocurrency courses continue to skyrocket, with Texas A&M now being the latest U.S. College to offer a Bitcoin course to some of its 74,000+ students. The news was announced on…

1 min read
January 15, 2023

Alameda Research had a $65B secret line of credit with FTX: Report

Sam Bankman-Fried ordered Gary Wang, FTX co-founder, to open the alleged credit line financed by the exchange’s customers. Former FTX CEO Sam Bankman-Fried (SBF) reportedly ordered Gary Wang, co-founder of the crypto exchange, to open a $65 billion “secret backdoor line of credit” for Alameda Research, according to FTX attorney Andrew Dietderich.  The attorney disclosed the information during a Delaware…

1 min read
January 15, 2023

Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed

Polygon told Cointelegraph that the hard fork will take effect at block 38,189,056, which will be initiated without the influence of centralized actors. Ethereum layer-2 scaling solution Polygon will undergo a hard fork on Jan. 17 in order to address gas spikes and chain reorganizations issues that has affected user experience on the Polygon proof-of-stake (POS) chain.  Polygon officially confirmed the hard…

2 min read
January 15, 2023

Former FTX US President lashes out at ‘insecure’ SBF in 49-part Twitter thread rant

FTX : Harrison said Bankman-Fried threatened to fire him on the spot and would destroy his professional reputation if he continued to confront the former FTX CEO. Former FTX US President Brett Harrison has lashed out at Sam Bankman-Fried for manipulating and threatening colleagues who proposed solutions to reorganize FTX US’ management structure.  Harrison shared his experiences with Bankman-Fried and FTX US…

1 min read
January 13, 2023

Bitcoin price wants to retest 2017 all-time high near $20K — Analysis 

BTC price action knocks out resistance levels as $20,000 gets ever closer, but not many are convinced that the Bitcoin bull run will last much longer. Bitcoin  BTC  $19,283  stayed near $19,000 at the Jan. 13 Wall Street open as traders hoped a week of swift gains would stick. BTC price “breakout or fakeout remains to be seen” Data from Cointelegraph Markets…

2 min read

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