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Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $795 billion. Bitcoin lost nearly 2% in value in the last week. Ethereum dropped by almost 2% over the past seven days. XRP decreased by nearly 3% of its value this week. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector increased the total value of protocols (TVL)…

Self-doxxed trader behind the $110M Mango Market exploit Avraham Eisenberg is now in the custody of law enforcement agents. Eisenberg’s arrest came on allegations of commodities fraud alongside manipulation to cart off over $100M worth of crypto from the aforementioned platform.  Eisenberg Charged with Market Manipulation Per a  filing from the United States Attorney Southern District of New York (SDNY), the arrest took place in Puerto Rico. This was on Monday, December 26th. An unsealed criminal complaint on Tuesday alleged…

Crypto Adventure is excited to announce its new crypto guest post feature. This self-service platform is designed to help cryptocurrency businesses and publishers reach crypto communities at an affordable price. With this portal, Crypto Adventure makes it easy for companies and publishers to get their message out and connect with potential customers. The announcement is a significant step forward for the firm, which works to help businesses succeed in the crypto world. A New Way to Reach the Crypto Community…

In a medium update earlier today, DeFi protocol Defrost Finance shared its strategy to reimburse users who suffered in the recent exploit. The team behind the platform noted in a Twitter thread that they had recovered the stolen assets and were set to commence refunds.  The Refund Process The blog post, titled “Details Concerning the Refunding Process” outlined the steps the platform will follow over the next few days. To begin with, the Defrost team will swap all ETH for…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $810 billion. Bitcoin maintains a similar value to last week’s $16,800. Ethereum gained almost 3% over the past seven days. XRP lost nearly 1% of its value this week. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector dropped the total value of protocols (TVL) to around $38…

Dypius – formerly DeFi Yield Protocol – will soon launch live user testing for its interactive Metaverse game.  Participating players will be eligible for guaranteed rewards and additional prizes, worth $50,000 in total.  As Dypius announced 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 get to participate in testing. Specifically, Dypius will select 100 new players to test the game and provide feedback every…

Seychelles-based crypto exchange OKX published its second proof-of-reserves (PoR) on Thursday, showing that user assets for the top-3 cryptocurrencies are fully-backed. The exchange promised to publish subsequent PoR reports on roughly the 22nd day of each month from today onwards.  Committing to PoR In a press release from OKX, the company provided a new tool allowing users to self-verify its reserves using open-source tools.  The tool lets anyone examine the results of OKX’s proof of reserves audits at different points…

Residents of Brazil can now lawfully conduct transactions within the country using cryptocurrency. This major change came into effect after Brazil’s leadership signed a crypto policy authorizing various digital assets as a legal payment method. Bolsonaro Gives His Signature On Thursday, the president of Brazil, Jair Bolsonaro gave the thumbs up for bill 14.478 to enter into law. Of course, Bolsonaro’s approval was only after the policy had successfully gone through the Chamber of Deputies and the Senate. The president…

The provincial government of British Columbia, Canada, has enacted an 18-month freeze on setting up any new Bitcoin mining operations.  The pause will give the government time to assess whether the mining industry impacts its economic and environmental goals.  According to CBC News, the government has now suspended 21 applications for new mining operations in the province. Collectively, they would have consumed 1.403 megawatts of energy, equal to that of 503,000 homes or 2.1 million electric vehicles. “Cryptocurrency mining consumes…