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FTX customers in Japan will soon be able to withdraw their funds that are currently frozen due to the bankruptcy process. Two FTX-owned crypto exchanges, FTX Japan and Liquid, are developing a system to allow withdrawals by mid-February. FTX’s Japanese Customers Can Withdraw Funds Soon Two FTX-owned cryptocurrency exchanges in Japan — FTX Japan and Liquid — jointly announced Thursday that their users will be able to withdraw funds by mid-February. The two crypto exchanges announced: For the assets entrusted to us by our customers at FTX Japan and Liquid Japan, we are proceeding with system development so that withdrawals will be possible from the Liquid Japan website. To withdraw funds, FTX Japan’s customers will need to open an account with Liquid and transfer their assets to the Liquid platform. The exchanges plan to allow withdrawals by mid-February, according to the joint announcement. Japanese exchange Liquid was acquired by FTX earlier this year. The deal included Quoine Cor

According to an analyst on Dec. 29, 2022, the disgraced co-founder of FTX, Sam Bankman-Fried (SBF), may have cashed out $684,000 in crypto assets while under house arrest. If the funds were spent by SBF, it goes against the court’s release conditions that note the former FTX executive is not allowed to spend more than $1,000 without permission from the court. Analyst Discovers Funds Tied to SBF’s and Alameda’s Wallets Moved While the FTX Co-Founder Is on House Arrest On Thursday, an analyst called “Bowtiediguana” published a Twitter thread that shows Sam Bankman-Fried may have spent $684K while he is on house arrest. According to Bowtiediguana, in August 2020, SBF agreed to temporarily take over the decentralized exchange (dex) Sushiswap, after the anonymous founder Chef Nomi decided to leave. When the deal was made, SBF shared a public Ethereum address and Chef Nomi transferred ownership of Sushiswap to SBF’s address. “After SBF was released, his wallet sent all its remaining cryp

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com Interest in the metaverse is ramping up by the day. According to recent reports, more companies are diving into the virtual reality landscape, and even future market projections support this strong trend. In its latest release , McKinsey puts a $5 trillion market valuation for the mixed reality realm.  But is this nascent sub-sector so valuable? Companies like rebranded Meta think so. The social media giant has gone full cycle and is investing significantly in building products for the new consumer landscape. Current metaverse projects like Decentraland are worth billions of dollars in market cap, with many more projects breaking into the limelight. However, they are already well-established protocols that significantly reduce the profit ratio of investors. For investors looking for new metaverse projects that could generat

Join Our Telegram channel to stay up to date on breaking news coverage OKB has witnessed a surge in the month of December and has not dipped below the $20.57 support level (a considerable growth as the coin remained below the $20 dollar mark for a bigger part of the year). As OKB enters 2023, investors are curious as to what the future holds for the crypto. Whether it will be able to bounce back to the pre-2022 levels and hit a new all-time high in the next year? Or whether this year, too, would, bring slow growth for the coin? We are going to find out. About OKB OKB is one of the few coins in the crypto market which has not lost a significant portion of its value at the start of 2022 (which was a dreadful year for the crypto market). It is a utility ERC-20 token launched in 2019. The coin is the official token of the OKX exchange (one of the largest crypto exchanges in the world). OKB runs on OKX’s very own OK blockchain. Investors can make transactions on the OKX platfor

The Bitcoin (BTC) mining community has been patiently waiting for the highly anticipated launch of PEGA Pool , the world’s first eco-friendly mining pool that is on a mission to offset CO2 and help BTC miners make a better living. Still in its pre-launch phase, PEGA Pool was ranked as the 13 th largest mining pool on the planet by BTC.com. Their mission is to make the industry a more sustainable place for all, while lowering the sector’s significant carbon footprint worldwide. PEGA Pool welcomes all BTC miners to dive in and take advantage of their incredible pool fee discounts. All miners are welcome, regardless of their current green energy mining status. However, the rewards will differ as follows. Miners who have already made the shift to green energy mining will enjoy a 50% reduction in pool fees. And as for clients who are still mining using traditional power, PEGA Pool will use a portion of their fees to plant new trees, in an effort to offset the damage caused by BTC min

The current whereabouts of the funds remain unknown. According to a Bloomberg report published on Dec. 27, the U.S. Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from now-defunct cryptocurrency exchange FTX and FTX US. On Nov. 12, amidst bankruptcy and internal collapse, FTX warned customers of abnormal wallet activity regarding at least 228,523 Ether (ETH) transferred out of the exchange from an unknown perpetrator.  On Nov. 11, or the night of the company's bankruptcy filing, FTX US' general counsel Ryne Miller confirmed that the transactions were unauthorized and that the subsidiary exchange had moved all crypto to cold wallets as a precaution. On Nov. 20, Blockchain forensics firm Elliptic wrote that the unauthorized transfers amounted to $477 million, and the unknown perpetrator swapped the stolen Ether for RenBTC, before being bridged to Bitcoin through the RenBridge service. Ren was acqu

The owner of the internet-famous Shiba Inu dog posted on social media saying Kabosu is in a "dangerous position" after falling ill on Christmas Eve. Kabosu, the Shiba Inu dog behind the face of Dogecoin (DOGE) and the “doge” meme is in a “dangerous position” healthwise, according to her owner. In a Dec. 26 Instagram post that was then shared on Twitter, Atsuko Satō, a Japanese kindergarten teacher and Kabosu’s owner said the rescue dog was in a "dangerous" state, but assured her followers that she will “absolutely fine” and is “getting power from all over the world” (translated) from supporters. Satō pictured with an ill Kabosu. Image: Instagram The news brought an outpouring of support from followers. One Twitter user sending well wishes offered to fully cover “any expenses needed to make sure she gets the best treatment.” The co-creator of Dogecoin, Billy Markus, in a Dec. 26 tweet asked his two million followers to send “[love] and [prayers] and good vibes” to S

One of the biggest factors harming Ethereum's credible neutrality is the use of censoring MEV relays by crypto ecosystems and exchanges. For most crypto ecosystems, being compliant with federal Sanctions have a negative impact on its global reach. However, when it comes to Ethereum, investors have significant power to decide the degree of compliance the ecosystem obeys. Nearly 60% of all post-Merge Ethereum blocks comply with the United States Sanctions put forth by the Office of Foreign Assets Control (OFAC). While the crypto community stands against this transformation, many fail to realize their own contribution to helping Ethereum attain total OFAC compliance. One of the biggest factors harming Ethereum's credible neutrality is the use of censoring MEV relays by crypto ecosystems and exchanges . Miner extractable value (MEV) relays work as a mediator between block producers and block builders, which are being used by prominent crypto players, such as Binance, Celsius Netwo

Syntropy recently announced the halt of its Validator program on Amber Chain, which was based on Substrate. After careful consideration and thorough evaluation, they have decided to switch from the Polkadot ecosystem to the Cosmos ecosystem. Their development team faced multiple challenges when building with the Substrate framework, which is used to build chains within the Polkadot ecosystem. It ultimately did not meet our specific needs and requirements. We experienced repeated stability issues with our public testnet, and develop ing business logic for our decentralized application was difficult and time-consuming. The Syntropy team has spent considerable time researching various blockchain ecosystems and frameworks and ultimately decided that the Cosmos blockchain is the best fit for our use cases. The Cosmos ecosystem offers a solid and active community of develop ers and users who can provide support and guidance as we continue to develop and improve our products. What is Syntro

Dypius – formerly DeFi Yield Protocol – will soon launch live user testing for its interactive Metaverse game.  Participating players will be eligible for both guaranteed rewards and additional prizes, worth $50,000 in total.  As announced by Dypius on Friday, anyone is eligible to apply for the game’s whitelist . However, only 500 users across the Ethereum, Avalanche, and BNB Chain networks will be selected to participate in testing. Specifically, 100 new players will be selected to test the game and provide feedback every week, over the next five weeks.  Each of those users will receive $50 in guaranteed rewards for their feedback and involvement, cumulatively worth $25,000. Meanwhile, another $25,000 will be dished out through “hidden extra benefits” and airdrops to randomly selected wallets. Rewards will be paid in each respective player’s currency. To earn rewards, players must provide feedback within the official Dypius Discord channel. Dypius will provide updates imp

Source: TradingView The dogecoin price has risen by 5% in the past 24 hours, reaching $0.077698 amid a rise in its daily trading volume to more than $800 million. Despite this gain, its current price means it has fallen by 8% in a week and by 21% in the last 30 days,  On the other hand, DOGE remains up by 30% since the end of October, when Elon Musk's takeover of Twitter was confirmed. This takeover raised expectations that Twitter would introduce DOGE payments or tipping in some form, with the Dogecoin community remaining hopeful that this will indeed happen sooner or later, boosting the altcoin's price considerably. Dogecoin Price Prediction as DOGE Blasts Up 5% After $800 Million Trading Volume Comes In – Here’s Where DOGE is Going Next DOGE is currently seeing an increase in momentum, with its technicals suggesting that today's rally may continue over the weekend, if not longer. Source: TradingView Its relative strength index (purple) has begun risin

Cryptocurrency markets are coming under broad pressure on Thursday as US equity markets decline in wake of a string of strong US data releases that are likely to underpin confidence at the US Federal Reserve that the US economy can handle its policy of aggressive interest rate hikes. Bitcoin was last down about 1.0% in the last 24 hours, as per CoinMarketCap, while Ethereum was down a little over 2.0% over the same time period. The Fed’s hawkish message at its meeting last week doused cold water on the prospect of any year-end “Santa rally” in cryptocurrency markets. As a result, the short-term outlook into the year-end and early 2023 remains downbeat, with bitcoin more likely to test recent lows in the low-$16,000s that rally back to recent highs in the $18,000s in the near term. Investors might thus be looking to diversify their cryptocurrency holdings into coins that might offer better near-term potential. Here is a list of cryptocurrencies to consider. FightOut

Source: AdobeStock / phonlamaiphoto Core Scientific, one of the largest Bitcoin mining companies, has filed for bankruptcy amid plunging cryptocurrency prices and skyrocketing energy prices, becoming the latest victim of the ongoing crypto winter.  On Wednesday, the firm filed for Chapter 11 bankruptcy protection in Texas. The filing notes that Core Scientific has $1 to $10 billion in assets, and also $1 to $10 billion in liabilities.  The company has attributed its bankruptcy to a $7 million unpaid debt from Celsius Network, a bankrupt cryptocurrency lending company, besides slumping crypto prices and rising energy costs for mining.  In the court filings, Core Scientific said that it had suffered a net loss of $434.8 million for the three months ending September 30, 2022, and had just $4 million in liquidity at the time of its bankruptcy filing. The company had revealed that bankruptcy is on the table by the end of October.  Core Scientific mines for proof-of-work

A new Amazon documentary will explore NFT culture and aims to become the MTV of NFTs. NFTs and soulbound tokens define Web3 filmmaking, says director With Web3 making its way to various industries like filmmaking, one movie director believes that tools like NFTs and soulbound tokens — digital identity tokens representing a person or entity — can serve cinema in various ways. In an interview with Cointelegraph, Stephen Fung, director of the Web3 film project Departed Apes , shared his perspective on integrating Web3 tools into cinema. According to Fung, there are many potential intersections between Web3 and film, such as fan engagement in movies shown in the metaverse and film characters coming from the Web3 space. Continue reading… Amazon’s new series "NFTMe" explores NFT culture and disruption worldwide A new Amazon documentary series, NFTMe, explores NFT culture and how NFTs have disrupted industries. Artists, collectors, influencers and professionals are featured in th

Join Our Telegram channel to stay up to date on breaking news coverage RAD, the native cryptocurrency that powers the developer collaboration-focused peer-to-peer protocol Radicle, has seen a surge in trading volumes and volatility in the last few days. Last weekend, RAD/USD bounced from a key area of support in the form of its all-time lows around $1.40 and, in the space of a day, surged as much as 70% to hit monthly highs in the $2.35 area. The move saw RAD flip all of its major moving averages, though the bullish momentum has since waned. RAD was last changing hands just under $1.75, above its 21 and 50-Day Moving Averages (both in the $1.60s), but below its 100 and 200DMAs (at $1.85 and $1.97), indicative of the fact that while short-term momentum has taken a turn for the better, there are still questions about the cryptocurrency’s longer-term momentum. As a result, price predictions remain mixed. RAD recently found strong support at its record lows. Source: TradingView