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  • Cowen downgrades Coinbase to market perform

    Cowen cited the absence of clarity on a possible trading volume recovery after FTX collapsed  Cowen also reduced its price target on the shares Coinbase has features that make it one of the safest platforms to trade Financial services and investment firm Cowen, which has locations throughout the US, Europe, and several in Asia, downgraded The post Cowen downgrades Coinbase to market perform appeared first on CoinJournal.

  • Silvergate plunges after crypto meltdown triggered deposit run

    Silvergate held deposits for FTX units and Alameda Research Silvergate appears to be most at risk from what happened to FTX   Shares plunged by more than 40%   Shares of crypto bank Silvergate Capital Corp. have plummeted. The company says the crypto industry’s breakdown caused a run on deposits, prompting it to fire 40% The post Silvergate plunges after crypto meltdown triggered deposit run appeared first on CoinJournal.

  • Markets where crypto usage is highly likely to explode in 2023

    Despite the current crypto winter more and more people would want to link their businesses to cryptocurrencies. Online casinos are now accepting crypto deposits and withdrawals. There are also various companies that have ventured into creating infrastructure for the crypto industry. In 2021, the cryptocurrency market experienced significant growth, which led to many global companies The post Markets where crypto usage is highly likely to explode in 2023 appeared first on CoinJournal.

  • Over $8 trillion was transferred via the Bitcoin blockchain in 2022

    CoinMetrics data shows the Bitcoin blockchain registered over $8 trillion worth of transfers in 2022. According to the data, the total amount transferred via the blockchain fell off in the second half of the year. Bitcoin also saw an increase in blockchain size and hashrate, with 16% and 56% annual growth rates respectively. Bitcoin continues The post Over $8 trillion was transferred via the Bitcoin blockchain in 2022 appeared first on CoinJournal.

  • Indonesia intends to launch its own cryptocurrency exchange

    Indonesia is planning to launch a national cryptocurrency exchange in 2023. The government will transfer regulatory powers over such assets to the Financial Services Authority soon. The country’s central bank is also working on launching its digital currency (CBDC). Indonesia to launch a national crypto exchange Indonesia plans to establish a national cryptocurrency exchange before The post Indonesia intends to launch its own cryptocurrency exchange appeared first on CoinJournal.

  • Why is BONK going up? Be careful of doggy tokens, we have seen this movie before

    Bonk is a meme coin launched on Solana on Christmas Day It has surged close to 2,500% Solana, meanwhile, has collapsed following associations with Bankman-Fried and top projects fleeing the blockchain Our Analyst writes that this is not the climate for memecoin hysteria   Woah, this is a throwback. Twitter is alive this week with The post Why is BONK going up? Be careful of doggy tokens, we have seen this movie before appeared first on CoinJournal.

  • One of the original Bitcoin core developers losses all his BTC in hack

    Bitcoin OG and core developer, Dashjr, claimed virtually all his bitcoins were stolen. The hackers accessed the developer’s PGP key. On November 17, 2022, Dashjr, noted his server had been compromised. A Bitcoin OG and one of the original Bitcoin’s core developers, Luke Dashjr, has claimed that he virtually lost all his bitcoins after his Pretty The post One of the original Bitcoin core developers losses all his BTC in hack appeared first on CoinJournal.

  • Lido now has the highest TVL in DeFi after overtaking MakerDAO

    Lido has overtaken MakerDAO in TVL in DeFi by $0.05 billion. At press time, Lido had $5.96b DeFi TVL. Lido seems to be benefitting from Ethereum’s merge upgrade. At press time, Lido which specializes in liquid staking had a total value staked of $5.96 billion which is $0.05 billion higher than MakerDAO’s TVL of $5.91 The post Lido now has the highest TVL in DeFi after overtaking MakerDAO appeared first on CoinJournal.

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