Summary: Bitcoin Ado, French NFT Carpet Pull, SBF Pleads Not Guilty…

The expectation imposed by DCG it no longer passes; The founder of FTX pray not guilty; Huobi AND the silver gate download; BTC, 14 years oldbut volumes in half-mast… Back totidings of the week.

The year begins as it ended. No big surprise. Crypto winter launched at the end of 2021 looks more and more like 2018. However, the growth trend had enabled exponential growth in the industry and among its companies. The latter are already obliged drastically cut their workforce.

This is especially the case the silver gate. A few weeks ago, its CEO wanted to be reassuring. of cash is plentiful, Alan Lane said. The holidays are over and the firm can now announce layoffs. And no less since they affects 40% of the staff. As for the dollar stablecoin project, it has simply been put on hold.

Also, in crypto news this week, Huobithat happened recently joined Poloniexdischarged 20% of its workforce and it is causing concern among the customers of the stock exchange. The withdrawals have intensified from the notification.

DCG: liquidity crisis or solvency?

Initially, Genesis and its parent company were just going through a liquidity crisis. Doubts are now allowed. DCG delays refunds and is stingy with information. Something to be angry about in the industry and among creditors whose funds have been frozen. Cameron Winklevossco-founder of Gemini, accuses the CEO of DCG, Barry Silbertto use “dilatory tactics” and to show “bad faith”.

Genesis answer to asking for more time. The broker has also parted ways with 30% of its staff. As for its parent company, it is not doing so well as it is closing down one of its subsidiaries. Farewell to the wealth management branch HQ Digital. DCG will too raised the suspicions of regulatorsapparently set to scrutinize transactions carried out within the conglomerate.

Bitcoin: 14 years celebrated without euphoria

Bitcoin ? This time he is dead. This hypothesis has been formulated many times, without ever being proven, until today. The press really would have given BTC to die 450 times. This should have curbed some enthusiasm in writing the cryptocurrency’s obituary.

Not only BTC not dead, but he celebrated his 14th birthday this week. However, the party was not in order. In the middle of the bear market, investors are in a low mood. of bitcoin trading volumes have fallen to their lowest level since last summer when Binance was waiving trading fees for its trading pairs.

SBF declares that it is not guilty

Sam Bankman Friedfounder and former CEO of FTX, pleaded not guilty to 8 counts held against him in federal court in Manhattan. The former cryptocurrency billionaire is specifically accused of Lies, cleaning money and criminal offenses related to the financing of electoral campaigns.

Recently released against one $250 million bondSBF can be punished with a very severe punishment if found guilty.

In addition to the Department of Justice, DRY AND CFTCtwo US regulators, demand accountability to the former top of crypto.

Planet of the Mutant Apes: French Crime

Aurelien Michel can no longer blame the NFT community for its criminal behavior. His arrest means he will now face the consequences of his actions,” New York’s Department of Homeland Security Investigations said this week. The 24-year-old French was arrested upon arrival by plane in the United States of America. Based in the Emirates, the suspect obviously thought he could travel freely after being involved in one carpet sweater.

Suspected fraudster NFTthe young entrepreneur would have won 2.9 million dollars for investors with a locally titled collection Planet of the Mutant Apes. Considering the NFT community too toxic, he would have resigned to keep all the profits for himself. Of course for the good of the community. Will he try to convince American justice?

Institutions in the Crypto Era 2018

2023 has begun, but the year feels like 2018. This is especially true when it comes to investments in crypto products. In 2022, the capital injected into its vehicles reached 433 million dollars. This is 95% less than a year ago. But above all to find levels so low, we have to go back to 2018says CoinShares.

This plunge was “ruined by irrational exuberance and an overly combative FED.” But there are still (small) reasons to be happy. Thus, CoinShares finds it “encouraging to see that investors as a whole are still choosing to invest.”

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