Top Crypto Market Highlights January 4, 2023

Top Crypto Market Highlights News Of The Day

Wyre Admits Close And Plans To End Services January 2023

Cryptocurrency company Wyre admits close its employees. Two former employees of the company have confirmed this to Axios. For more specific information, you can read the article below:

https://news.coincu.com/157898-wyre-admits-close-end-services-january/

FTX Task Force To Recover Victims’ Assets Was Formed Immediately After SBF Denied

The U.S. Attorney’s Office in Manhattan said it had established the FTX Task Force to track and recover the assets of victims following the collapse of the crypto exchange and to deal with the investigations and prosecutions involving the company and other entities. For more specific information, you can read the article below:

https://news.coincu.com/157904-ftx-task-force-recover-victim-assets-formed/

Founder Of NFT Goobers Admits Losing Investors’ Money To Gambling

In an announcement on his personal page, DNP3, the founder of NFT Goobers, admits that he is a gambler. He lost not only all his assets but also the money of investors also lost. For more specific information, you can read the article below:

https://news.coincu.com/157915-founder-of-nft-goobers-admits-lose-gambling/

Core Scientific Stopped 37,000 Celsius Miners To Resolve Protracted Conflict

Core Scientific stopped 37,000 mining devices from bankrupting cryptocurrency company Celsius to resolve a long-running conflict between them. Their storage agreement allows Core to move some of its electricity costs to Celsius. Still, the bankrupt crypto company has yet to pay those bills since it filed for Chapter 11 protection in July, according to Core Science attorneys. For more specific information, you can read the article below:

https://news.coincu.com/157925-core-scientific-stopped-37k-celsius-miners/

US Federal Reserve Warns Banks Of Digital Asset Risks After FTX Collapse

In a joint statement, the Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) underlined vulnerabilities they perceive in the crypto industry and reminded banks of their safety and soundness requirements. For more specific information, you can read the article below:

https://news.coincu.com/157936-federal-reserve-warns-banks/

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.