Coinbase shuts down operations in Japan amid crypto winter | Curated CoinCodeCap #18 January 2023
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
Not sure how this helps? We’re right here for you! This Christmas we’re here with…
50% Off Cornix Pro Annual Package
A special Cornix Christmas offer for CoinCodeCap members! With Cornix you can follow the channel signals automatically in order to get the best results.
How to get your discount?
Coinbase shuts down operations in Japan amid crypto winter
Leading crypto exchange Coinbase has announced the shutting down of its operation in Japan owing to unfavorable market conditions. As per the official announcement, Coinbase Japan users will have until February 16, 2023, to withdraw their fiat and crypto holdings from the platform.
After February 16, the remaining crypto assets held by Coinbase Japan users will be converted to Japanese yen. The crypto exchange also added that fiat deposit functionality would be removed on January 20, 2023, JST. Keep Reading »
Save big money on crypto bots!
Great crypto-trading bots are only part of the solution. You also need a platform that helps you reduce your average cost per trade.
3Commas can set you up for success by offering you up to $700 off annual plans for 2023. Make unlimited trades using any strategy you can think of, and do it using the most advanced, capable bots the industry has to offer.
ConsenSys confirms 11% staff layoff
The most recent cryptocurrency startup to reduce its headcount is ConsenSys, an Ethereum-focused software company renowned for its flagship MetaMask wallet. In a blog post on Wednesday, the company’s founder Joseph Lubin announced the layoffs of 97 employees, or 11% of the workforce.
The highly tough choice to condense parts of ConsenSys’ teams must be made now in order to respond to the hard and unpredictably changing market conditions, according to Lubin. 11% of ConsenSys’ total workforce, or 97 individuals, will be impacted by this decision. Keep Reading »
Struggling crypto empire DCG Suspends Dividends, sparks concern of possible bankruptcy
Struggling crypto empire Digital Currency Group(DCG) had suspended its dividends until further notice.
“In response to the current market environment, DCG has been focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity. As such, we have made the decision to suspend DCG’s quarterly dividend distribution until further notice,” DCG’s letter to the shareholders reads.
The latest development comes days after DCG closed its wealth-management division, igniting concerns of possible liquidity issues at the firm. Earlier this month, DCG had also announced that Genesis Global Trading Inc., the brokerage unit of Genesis, was laying off roughly 30% of its staff. Keep Reading »
Seoul government makes its metaverse project public
The Seoul Metropolitan Government in South Korea revealed this past Monday that the people of the nation’s capital can now access its Metaverse platform for interactions with the public sector.
Oh Se-hoon, the mayor of Seoul, declared that the top ten tourist attractions in Seoul, including Gyeongbokgung Palace, Bukchon Hanok Village, Dongdaemun Design Plaza, Seoul Forest Park, Han River, and Lotte Tower, would comprise the services made available to the general public by Metaverse Seoul. Keep Reading »
The CFTC pursues default for Ooki DAO due to missed court deadlines
The CFTC stated in a court filing that Ooki DAO had until January 10, 2023, to reply to the institution’s lawsuit. The federal judge shall now side with the CFTC, the commodities regulator, because the DAO exceeded the deadline.
Ooki DAO, initially called as bZeroX, is a decentralised cryptocurrency lending and borrowing protocol that allows users to expand their trading exposure by using margin trading with loaned funds.
The regulator has asked the court for a “entry of default” against the DAO, based on a court document filed on January 11. The regulator claims the DAO didn’t meet its obligation to “respond or otherwise defend” as required by the subpoena. Keep Reading »
NFT Weekly Market Update (Dec 27th – Jan 2nd)
We saw the highest of Number of Sales on 31st December which was 18.6K and the Lowest of number of sales was recorded on 2nd January which was 12.9K. This Metric showed an overall Decrease.
Market Updates
CAKE Price Analysis January 2023
CAKE is a token of the platform PancakeSwap. Its current price is around $3.49 at the time of writing, with a low of $2.51, and it has a market cap of 566 million dollars. Keep Reading »
SOL Price Analysis January 2023
SOL is a token of the platform Solana. Its current price is around $16.41 at the time of writing, with a low of $8.14, and it has a market cap of 6 billion dollars. Keep Reading »
TKO Price Analysis January 2023
TKO is a token of the platform Toko Token. Its current price is around $0.2631 at the time of writing, with a low of $0.1722, and it has a market cap of 28 million dollars. Keep Reading »
WOO Price Analysis January 2023
WOO is a token of the platform WOO Network. Its current price is around $0.1678 at the time of writing, with a low of $0.102, and it has a market cap of 247 million dollars. Keep Reading »
Top 5 Crypto to Buy in 2023
The cryptocurrency market is one of the most volatile markets in the world, with a lot of uncertainty and risk.
However, it is still one of the best investment opportunities for long-term investors. Experts believe the crypto market will be worth around $200 trillion by 2030.
As of now, Bitcoin is only a fraction of this market, with more money likely to be in altcoins such as Ethereum. There are more than 20000 possible crypto assets to invest in today, and trying to find the best ones can be challenging. These are the top 5 cryptos to buy in 2023. Keep Reading »
Top 5 Crypto to Buy after FTX Crash: TRX, MATIC, IMPT, APE, and ADA
FTX filed for Chapter 11 bankruptcy on November 11, and its implosion created a ripple effect across the crypto industry. The crash of FTX has had a major impact on the crypto market and exchanges that use it. Keep Reading »
Join Our Telegram Channel for on-demand Technical analyses
Clicking and Signing-up on platforms using our links on blog posts might help us earn as affiliates and keep our hopes high on providing you with the best information on the internet.
Follow us on Social Media:
Medium | YouTube | Twitter | Instagram | Reddit | Facebook | LinkedIn
Do contact @
coincodecap on telegram!