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Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. “Wealthy investors understand that digital currencies are the future of money, and they don’t want to be left in the past,” the firm’s chief executive said. Millionaires to Capitalize in Forthcoming Crypto Bull Run, Devere Says Devere Group, a global financial advisory and asset management firm with $12 billion in assets under management (AUM) worldwide, published the results of its crypto survey Monday. Devere found that among its millionaire clients with between $1 million and $5 million of investable assets, 82% have sought advice about investing in cryptocurrencies. Without providing additional details, the asset management firm wrote: Eight out of 10 high net worth (HNW) individuals have asked their financial advisers about including cryptocurrencies...

The algo-stablecoin Djed from DeFi service provider COTI deployed on the Cardano mainnet after its successful security audit. Since the fall of the Terra (LUNA) algorithmic-stablecoin in mid-2022, many users in the crypto space have developed a weariness towards that particular asset class. The market for algorithmic stablecoins has dropped 10 times what it was at its all-time high prior to the Terra incident. However, this has not stopped developers on the Cardano network pushed forward with the launch of the ecosystem’s overcollateralized stablecoin. Djed (DJED) launched on the Cardano mainnet on Jan 31. and is pegged to USD and backed by Cardano’s native coin ADA (ADA). It uses the SHEN token as its reserve coin. According to the announcement the new token recently completed a successful security audit and was under development for over a year. DJED is a product of Coti, a decentralized financial (DeFi) solutions developer on the Cardano blockchain, as a means for new DeFi and pa...

Join Our Telegram channel to stay up to date on breaking news coverage Binance and Mastercard are uniting once again to present a new offering in Brazil: a Binance-branded prepaid crypto card. The move comes as crypto popularity swells in Latin America, with citizens grappling with high inflation and capital restrictions. The launch of the Binance prepaid crypto card in Brazil builds on the success of its counterpart in Argentina, launched by Binance and Mastercard last year. LIVE: @binance partners with @Mastercard to launch crypto card in Brazil, a closer look at the divide over Bitcoin NFTs and more. Watch "The Hash" on https://t.co/yHMYaDz7D6: https://t.co/UCYyvaySxl — CoinDesk (@CoinDesk) January 30, 2023 The Binance prepaid crypto card is designed to provide Binance users with a convenient way to manage and spend their cryptocurrency holdings. Users with a valid national identification will have the ability to make purchases and pay bills with their crypt...

Join Our Telegram channel to stay up to date on breaking news coverage The good news about Sam Bankman Fried’s bitcoin empire’s demise is that it did not cause a contagion or send shockwaves through the whole financial system. The major ity of banks’ refusal to work with cryptocurrency was a major factor. Recently, American financial officials even advised them against it. However, a tiny bank in California allegedly determined that it was preferable to take the chance of having to ask for forgiveness than to wait. Silvergate, situated in La Jolla, invested heavily in cryptocurrencies in recent years, building connections with more than 1,600 industry participants, including hedge funds, exchanges, and token initiatives. This includes accused scammers like Bankman-Fried as well as a number of other dubious businesses and people who used Silvergate to move a trillion dollars into — and out of — cryptocurrency exchanges all around the world. After t...

Join Our Telegram channel to stay up to date on breaking news coverage The value of MATIC, the native token of Polygon, a layer 2 blockchain built on Ethereum has skyrocketed in 30 days to trade at $1.142 at the time of writing. Since December’s floor price of $0.75, MATIC price is up a colossal 52%, although the world’s tenth-largest cryptocurrency has absorbed some overhead pressure from its January high at $1.195. MATIC/USD price chart What’s Driving MATIC Price Impressive Performance – How High Can It Go? As a layer 2 protocol built on top of the leading smart contracts blockchain, Polygon has been the go-to platform for many projects and crypto users who want to avoid the exorbitant gas fees on the primary protocol (Ethereum) and the high network congestion. Layer 2 projects can process transactions at faster speeds while keeping the associated transfer costs low. In other words, Polygon brings improved scalability to Ethereum thus promoting its m...

Shiba Inu (SHIB) witnessed its burn rate spike by a whopping 28385.33% today. According to Shibburn, nearly 22 million tokens have been sent to dead wallets in the last 24 hours. Source: Shibburn Although the burn spike is significant, the reason for the surge might seem a little anti-climactic. The burn rate spike is likely because the number of Shiba Inu tokens burned on Jan 26 was significantly lower than that of Jan 27. On Jan 26, about 100k SHIB tokens went into the dead wallet. Whereas on the 27th, this number rose to nearly 22 million. Hence, the surge is not because of a large number of SHIB being burned but because a very small number of tokens were burned the day before. Furthermore, Shiba Inu (SHIB) continues to be a significant token among the top 2000 Ethereum (ETH) whales. According to Whalestats, the biggest 2000 ETH whales held almost half a billion dollars worth of SHIB tokens. 🐳 The top 2000 #ETH whales are hodling $589,522,635 $SHIB $149,159...

The now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street Journal (WSJ), and more. U.S. government entities, such as the Internal Revenue Service (IRS) and the Treasury’s Financial Crimes Enforcement Network (FinCEN), are also included. FTX Creditor List Reveals Wide Range of Businesses Owed Money On Jan. 24, 2023, FTX published the bankrupt firm’s creditor ledger, which contains more than 100 pages of names. The creditors’ list includes government agencies from Switzerland, Hong Kong, the U.S., and Japan. In addition, the ledger Features a myriad of well-known businesses, including Alibaba, Allied Sports, Microsoft, Amazon, Meta, Twitter, Google, Blue Bottle Coffee, Bonham Capital, Bitstamp, Bitgo, Infura, Inca Digital, Lightspeed S...

Among the nonfungible tokens (NFTs) stolen from the PROOF co-founder were 25 Chromie Squiggles and one Autoglyph NFT. Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds, has fallen victim to a Phishing scam leading to more than $1.1 million worth of his personal NFTs stolen. The NFT creator and PROOF co-founder shared the news with his 1.6 million Twitter followers on Jan. 25 asking them to avoid buying any Squiggles NFTs until they manage to get them flagged as stolen. I was just hacked, stay tuned for details - please avoid buying any squiggles until we get them flagged (just lost 25) + a few other NFTs (an autoglyph) ... — KΞVIN R◎SE (,) (@kevinrose) January 25, 2023 “Thank you for all the kind, supportive words. Full debrief coming,” he then shared in a separate tweet about two hours later. It is understood that Rose’s NFTs were drained after signing a malicious signature that transferred a significant proportion of his NFT assets to the exploit...

Image Source: Twitter / @INTERCEDE_ Bitcoin futures open interest at the Chicago Merchantile Exchange (CME) has surged to near all-time highs at 21%, which indicates growing institutional participation in BTC futures. According to a recent report by Arcane Research, institutional participation in BTC futures has been increasing since the start of the year amid a rise in crypto prices. Furthermore, Bitcoin futures contracts have started trading at a premium to the spot market, the first time this has happened since the fall of FTX. "The strong start to the year has been backed by growing institutional participation in BTC futures," Arcane said, adding that CME’s share of the total open interest in BTC futures currently sits at 21%. CME’s market dominance has been higher than this level only in October and December 2021.  The rise in open interest in BTC futures on the CME exchange comes as cryptocurrencies have started the year with a strong...

Crypto prices are on the rise again as the rally that began on January 9 enters its third week, showing only mild signs of slowing down amidst rising market optimism. The stock market has also paused on gains from the previous week as investors prepare for a busy schedule of corporate earnings announcements. So, what are the best cryptos to buy today in the current market climate? Bitcoin (BTC) bulls defended support at $22,600 throughout the morning session and managed to push its price to a daily high of $23,161 in the afternoon. Bitcoin's price is at $22,944 as of writing and is down 0.43% for the day. If you're looking to enter the crypto markets, large cap coins like Bitcoin and Ethereum could still be worth taking positions in, but it's also worth considering some of the other lower cap best cryptos to buy today based on potential for higher gains. In light of this, it's worth taking a closer look at MEMAG, APT, FGHT, AXS, and CCHG, which based...