by Gunay Caymaz
Investing.com – The cryptocurrency markets started the last business day of the week with some negative news. First, the bankruptcy filing of Genesis, which has been in a financial crisis for some time, has been on the crypto agenda all day. However, Nexo was fined $46.5 million for selling unregistered US securities.
On the other hand, Nexo officials said they are glad they agreed to pay a fine. So much so, that the local assets of the crypto lending company, NEXO, gained significant value following this development. It is currently the highest paying cryptocurrency in the top 100, with almost a 20% increase in value since yesterday.
The general situation in the cryptocurrency markets shows that yesterday’s gains are still being protected. While the total market capitalization is at the level of $980 billion, the average transaction volume has been seen to have fallen below $40 billion.
It is currently at the $21,000 mark, up 1.3% daily. It is trading at $1,550 with an increase in value of approximately 2%. The two largest cryptocurrencies, which dominate around 60% of the market, continue to post gains of more than 10% this week.
Looking at the latest state of the top 100 cryptocurrencies, we see that 87 cryptocurrencies are moving positively in the late afternoon, while only 13 altcoins are negative.
Shiba Inu (SHIB): Tips for developers on the release of Shibarium
When Shytoshi, one of the main developers of Shibarium, updated his status on Twitter, the Shiba community thought he was hinting at a Shibarium release date.
Lead Shiba Inu developer Shytoshi Kusama updated his bio on Twitter and wrote a sentence here featuring Shibarium.
The community interpreted this sentence as Shibarium’s beta version will be released on February 14th. Although January has been a very active month for the Shiba community, many details have been provided about Shibarium and it has been confirmed that a release is imminent.
Cardano will get a major cryptocurrency update in February
Developer Tim (BVMF: Harrison of IOHK) shared details of the blockchain upgrade designed to improve network interoperability and enable decentralized application development via the blockchain.
The February update aims to directly impact the cryptographic framework used in Cardano and facilitate the creation of cross-chain projects by providing support for common digital signature standards for the Plutus smart contract platform.
BTC miners have transferred a large amount of Bitcoin to Binance
According to Blockchain data, miners have transferred 5,592 BTC to Binance since the middle of the week.
These miners have sent up to 5,592 BTC to Binance since January 17th. CryptoQuant writer Julio Moreno noted that miner 1THash had a large amount of BTC from its reserves in three days, and 5,732 BTC reserves were emptied from its mining pools, which currently stands at $120.1 million.
Commenting on the matter, CryptoQuant CEO Ki Young Ju spoke about the speculation regarding the sale of BTC transferred to the exchange. Ki Young Ju noted that last September, miners sold more than 4,500 BTC in 3 days when the Bitcoin price was at $20,000.
OKX will issue proof of reservation report
Rising to the position of the second largest exchange in the market in terms of trading volume, OKX continues to publish reports on its reserves.
OKX, in its quarterly report released today, showed that it has $7.5 billion in liquid assets. While these assets consisted of liquid assets such as Bitcoin, Ethereum, and Bitcoin, the exchange kept the local assets separate from the assets earmarked as reserves.
Cardano CEO Charles Hoskinson is considering buying CoinDesk
Cardano CEO Charles Hoskinson has announced that he may place an offer on Coindesk’s cryptocurrency portfolio.
According to the latest news, DCG is considering selling some of its companies due to the liquidity crunch. One such company is the crypto media company Coindesk.
DCG acquired CoinDesk in 2016 for around $500,000. Bought in return. According to some rumors, several investors have bid between $200 and $300 million to take over CoinDesk.
Hoskinson, in his latest statement, said $200 million is too high for a Coindesk acquisition, but a more correct assessment can be made after examining Coindesk’s financial condition.