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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….

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…

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…

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…

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…

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…

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…

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…

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…