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Crypto News LIVE Updates: Terraform Labs (TFL) files for Chapter 11 bankruptcy protection in Delaware. The debtor reports assets between $100-$500 million and liabilities of $100-$500 million. The petition declares that funds will be made available to unsecured creditors. CEO Chris Amani stated that bankruptcy filing will help the company come out of the permitido and other setbacks.
The crypto market cap falls nearly 2% to $1.61 trillion amid a broader selling pressure. Bitcoin price pullback to trade near $41,000, down almost 2% with no major change in trading volume in the last 24 hours. Top altcoins Ethereum, Solana, XRP, Cardano, and others tumbled 2-5%. Ethereum price is trading at $2,431, down 2% in the last 24 hours.
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12:59:50 PM IST, 22 January 2024
Crypto News LIVE: ONDO Finance Widens Scope, Eyes Facilitating US Asset Investments in APAC
Ondo Finance, one of the most eminent on-chain finance entities, recently announced plans to broaden its area of functionality, now encompassing the APAC region. With this, the firm primarily hopes to jack up investments in U.S.-based asset classes in a tokenized form.
12:37:53 PM IST, 22 January 2024
Crypto News LIVE:Coinbase CLO Retorts US GAO’s Concerns Over Do dedo Assets’ Evasion Of Sanctions
The Chief Permitido Officer at Coinbase, Paul Grewal, recently cracked down on the U.S. GAO’s report on how using cryptocurrencies aids in evading U.S. economic sanctions.
12:13:59 PM IST, 22 January 2024
Crypto News LIVE: SatoshiVM Team’s Wallet On An SAVM Selling Rampage
As per on-chain data hovering over the crypto market, a wallet related to SatoshiVM’s team is selling SAVM. Lookonchain spotlighted the transfer of 420K SAVM from the team’s wallet to another address, 0xfdac. This address further shifted SAVM to 24 new wallet addresses and sold 124,739 SAVM for 504 ETH.
11:43:56 AM IST, 22 January 2024
Crypto News LIVE: Shiba Inu Burn Rate Jumps 500% As Community Burns 14 Mln SHIB
Shiba Inu, a prominent meme coin, noted a 543% surge in its burn rate today, with over 26.13 million SHIB incinerated over the past 24 hours. As per data surfacing over the crypto horizon, the community transferred a staggering 13.63 million SHIB to a dead wallet, amounting to the lion’s share in today’s incinerated tokens.
11:19:51 AM IST, 22 January 2024
Crypto News LIVE: Whale Dumps 27 Mln XRP To Bitstamp
The Ripple-backed token jotted down another massive whale transaction today. As per on-chain data, 26.8 million XRP, worth $14.75 million, was transferred to Bitstamp.
10:59:56 AM IST, 22 January 2024
Crypto News LIVE: US Bitcoin ETFs Now Hold Nearly 639K BTC
As per recent market data spotlighted by an eminent crypto market analyst, Ali Martinez, the U.S. Bitcoin ETFs now hold 638,900 BTC, worth $27 billion.
10:39:09 AM IST, 22 January 2024
Crypto News LIVE: Summer Capital Partners Web3Labs & Zetrix To Revolutionize Web3 in Hong Kong
Summer Capital, a prominent venture capital firm, recently merged forces with Zetrix, a leading layer-1 public blockchain platform, and Web3Labs to foster Web3 development in Hong Kong. The partnership falls in line with the country’s recent projection of the Fintech promotion roadmap and aims to facilitate blockchain infrastructure for government-related applications.
10:15:51 AM IST, 22 January 2024
Crypto News Live: Ethereum Remains In the Key Demand Zone
Crypto analyst Ali Martinez predicts Ethereum (ETH) price at inflection point. ETH price trades within a crucial demand zone, fluctuating between $2,388 and $2,460. According to Martinez, the strength of this support level will determine the trajectory for Ethereum in the near term, but cautions about a potential drop to $2000.
10:01:08 AM IST, 22 January 2024
Crypto News Live: Ethereum Client Nethermind Validator Issue Hotfix Released
The hotfix for the Nethermind validator issue is released. This fix aims to resolve the consensus issues introduced by Nethermind in its latest version, v1.23.0. Previously, some users stated that the latest version of Nethermind had some unknown problems, which caused the validator to lose proofs and block processing.
09:12:42 AM IST, 22 January 2024
Crypto News Live: Terraform Labs (TFL) Files For Bankruptcy In US
Terraform Labs files for voluntary chapter 11 bankruptcy protection in Delaware. Chris Amani CEO of Terraform Labs, said “This step protects our ability to continue working with the community on infrastructure, innovative tools and products, and other ecosystem support.”
09:10:24 AM IST, 22 January 2024
Crypto News Live: Bitcoin Price Moving Towards $40,000
Bitcoin price pullback towards $40,000, paring earlier gains. BTC price trades at $41,093, down 2% in the last 24 hours.
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