The rise of bitcoin and the bankruptcy of Genesis. Highlights of the week

The rise of bitcoin and the bankruptcy of Genesis. Highlights of the week

Author: Robert Strickland
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The rise of bitcoin and the bankruptcy of Genesis. Highlights of the week
FTX disclosed its remaining liquid assets, Coinbase announced it would cease operations in Japan, the first contenders to buy CoinDesk crypto publication appeared, and other events of the past week

Monday
Bitcoin exchange rate updated its maximum in 4 months

The value of the first cryptocurrency rose by 24% over a week and crossed the mark of $21.4 thousand


Developers of Shiba Inu announced the soon launch of the test network Shibarium

Tier 2 blockchain will help create a new decentralized meta-universe and gaming ecosystem

Bitcoin mining complexity sets new record

Another recalculation on Jan. 16 resulted in a 10% increase to 37.59T

Tuesday
Binance destroyed $575 million worth of BNB tokens

The cryptocurrency exchange conducted another burn of native tokens. The program will be terminated when a total of at least 100 million BNBs of the 202 million issued are burned

Bitcoin's surge has caused shares of major miners to rise sharply

Cryptocurrency mining companies' securities rose in January to the highest monthly level in at least a year

National Geographic will open sales of its first NFT collection on Jan. 17

In honor of the magazine's anniversary, the collection will include 1,888 NFTs. This number marks the year NG was founded

Wednesday
FTX reveals details of the exchange's remaining liquid assets

Sam Bankman-Fried's bankrupt companies hold $3.5 billion in cryptocurrencies and claim another $415 million stolen in hacks

Coinbase announces it is shutting down operations in Japan

Japanese clients of the crypto exchange will be able to withdraw their assets until February 16

Crypto-giant Digital Currency Group will suspend dividend payments

The company told shareholders it was forced to cut operating expenses

Thursday
Peter Thiel's fund made $1.8 billion from bitcoin sales

Venture capital firm Founders Fund got rid of cryptocurrency assets it had accumulated over the previous 8 years just before the collapse of the crypto market last spring

BitKeep will begin compensating victims of the $8 million hack starting in February

The developers plan to fully refund the affected cryptocurrency users by the end of March

Binance announced the delisting of the anonymous token Beam

The cryptocurrency fell 27% after the announcement that trading on the largest cryptocurrency exchange was closed

Friday
Cryptocurrency lender Genesis filed for bankruptcy

The company owes a total of 50 major creditors about $3.5 billion

Bankman-Fried's attorneys say attempted attack on his parents' home

Three unidentified men drove a car into the fence of the FTX founder's parents' house, where he is under house arrest

The first bidders to buy CoinDesk crypto edition appeared

Chinese publication MarsBit and Cardano founder Charles Hoskinson have expressed interest in buying the media resource

 

Other news

Poloniex exchange names terms of withdrawal after hack
Reuters claimed terrorists are refocusing on crypto transfers on the Tron network
The filmmaker spent $4M on Dogecoin to shoot and made $27M
One of the largest Bitcoin mining pools, f2pool, has started blocking transactions from sanctioned wallets.
Who is Richard Teng, the individual who took over the position of head at Binance after Changpeng Zhao?
Coinbase calls Binance capable of paying fine without selling assets
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