This week in a Market Report, Cointelegraph’s resident experts discuss what artificial intelligence (AI) altcoins are, what their potential benefits are, how they work, and whether they could be a catalyst for a bull market in 2023.
We kick off this week’s program with the latest news from the markets:
3-Week Bitcoin Price Rally Awaiting US Inflation – 5 Things To Know About Bitcoin This Week
Bitcoin (BTC) begins a new week on a promising note, as BTC price action nears one-month highs – but can it hold? The move precedes a clear macroeconomic week for cryptocurrency markets, with US Consumer Price Index (CPI) printing for December 2022. Jerome Powell, Chairman of the Federal Reserve, will also deliver a speech on the economy, with inflation on everyone’s radar. In crypto, the FTX contagion continues, as DCG feuds with institutional clients over how to handle subsidiary Genesis Trading’s solvency issues. Our resident experts look at these factors and more as we begin the second trading week in January.
Digital Currency Group is under investigation by US authorities
Cryptocurrency conglomerate Digital Currency Group, or DCG, is under investigation by the Eastern District of New York of the US Department of Justice and the Securities and Exchange Commission, according to a Bloomberg report.
Authorities are looking into internal transfers between DCG and its cryptocurrency lending subsidiary Genesis Global Capital, according to the report, which cited people familiar with the matter. Prosecutors have already requested interviews and documents from the two companies, and the SEC is conducting a similar investigation in the early stage.
We discussed the impact of this on the cryptocurrency market. Could this undermine the current positive trend in crypto, which is finally starting to go green?
5 Sneaky Tricks Used by Crypto Phishing Scammers in the Last Year, According to SlowMist
We review some of the most common phishing techniques used by cryptocurrency scammers on victims in 2022 to help you be more aware and careful when dealing with the space and hopefully weed you out of potential scams or rug-pulls in 2023.
Our experts cover these stories and others in the pipeline, so be sure to tune in to stay up-to-date with what’s going on in the cryptocurrency world.
Below is a segment called “Quick Crypto Tips” which aims to provide newcomers to the crypto industry with quick and easy tips for getting the most out of their experience. This week’s tip: Hunt the whale.
Market expert Marcel Bechmann examines the bitcoin and ether (ETH) markets carefully. Are current market conditions bullish or bearish? What are the expectations for the coming months? Pechman is here for the details.
Finally, we have information from Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to stay one step ahead of the market. Our analysts are using Cointelegraph Markets Pro to identify two cryptocurrencies that stood out this week, so be sure to tune in to see which one was picked.
Do you have a question about a currency or a topic not covered here? Don’t worry – join the YouTube chat room and post your questions there. The person with the most interesting comment or question will have a chance to win a one-month $100 Markets Professional subscription.
The Market Report goes live every Tuesday at 12:00 ET (17:00 UTC), so be sure to head over to the Cointelegraph YouTube page and hit the like and subscribe buttons for all future videos and updates.
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