Fidelity exec says Bitcoin is ‘technically oversold,’ making $40K a ‘pivotal support’

A painful retracement in the Bitcoin (BTC) market earlier this week sent the price below $40,000 for the first time since September 2021. Many analysts predicted the decline to continue toward the $30,000 to $35,000 range, but the price reclaimed $40,000 as support again and on Wednesday BTC made an abrupt move above $44,000. This rekindled hopes that the $40,000 level is perhaps where Bitcoin may bottom out before continuing its move higher in 2022. Jurrien Timmer, the director of global macro at Fidelity Investments, called $40,000 a “pivotal support,”…

Citadel Securities takes in $1.15B investment from Sequoia and Paradigm

Citadel Securities announced that VC firms Sequoia and Paradigm made a $1.15 billion combined minority investment in the market maker, bringing its valuation to $22 billion. The partnership with Paradigm, a Web3-focused investor, signaled Citadel Securities’ shift toward new asset classes such as crypto. Sequoia, who led the round, with investment from Sequoia Heritage, Sequoia Capital Global Equities and the Global Growth Fund, will also get a seat on the Citadel Securities Board of Directors for Sequoia Partner Alfred Lin. We are proud to announce that Sequoia and Paradigm have…

First DEX on Oasis Network hits $100M TVL in 24 hours

YuzuSwap, the first decentralized exchange operating on the Oasis Network, has seen rapid uptake since launching on Jan. 11, underscoring heightened demand for decentralized finance protocols.  In its first 24 hours of operations, YuzuSwap achieved a total value locked, or TVL, of $100 million, the company reported Wednesday. Trading volumes over the 24-hour time frame reached $323 million. Within DeFi, TVL refers to the total value of assets being staked on decentralized protocols. YuzuSwap was built using Oasis Network’s Emerald, a smart contract environment that is fully compatible with Ethereum…

OpenSea competitor LooksRare exceeds $394M in sales

Daily volume on NFT marketplace LooksRare has already exceeded $394 million following the platform’s official launch on Jan. 10. The platform was able to bring in this customer base by offering only 2% fees on basic sales and zero fees on private sales, compared to competitor OpenSea’s 2.5% fee on every transaction. The project also allows traders to earn rewards in the form of its native LOOKS token for buying and selling NFTs. The premier NFTs that have taken LooksRare by storm are the Meebits collection, which come from LarvaLabs…

NYC restaurant claims it will open for NFT holders only

VCR Group, the hospitality company founded by entrepreneur Gary Vaynerchuk, announced the live token sale of its latest members-only private dining club in New York City, called Flyfish Club. Prospective seafood-restaurant-goers must purchase their membership on the blockchain, sold as a nonfungible token (NFT). Flyfish Club (FFC) is the world’s first member’s only private dining club where membership is purchased on the blockchain as a Non-Fungible-Token (NFT) and owned by the token-holder to gain access to our restaurant and various culinary, cultural and social experiences. — Flyfish Club (@Flyfishclub) January…

Here’s why Osmosis (OSMO) hit a new all-time high

Crypto assets within the Cosmos ecosystem have been on a run since the start of 2022, thanks to an intensified focus on brokering cross-chain compatibility with other blockchains. One decentralized finance (DeFi) protocol that has benefited from the current expansion plans is Osmosis (OSMO).  Osmosis is the first decentralized exchange (DEX) servicing projects connected through the Interblockchain Communication Protocol (IBC) and data from Cointelegraph Markets Pro show OSMO price surged 123% from a low of $4.05 on Dec. 17 to a new all-time high at $9.24 on Jan. 7. OSMO/USD 1-day chart.…

13-year anniversary of transaction between Satoshi and Hal Finney

It’s been exactly 13 years to the day since computer scientist Hal Finney became the recipient of the first transaction on the Bitcoin blockchain from creator Satoshi Nakamoto. On Jan. 12, 2009, with the Bitcoin (BTC) white paper a mere three months old, Satoshi sent Finney 10 BTC — worth next to nothing at the time, but now roughly $440,000. The move, likely a test to determine the viability of the blockchain, was the first in a series of hundreds of millions of transactions in Bitcoin between millions of people…

Checkout.com raises $1B in Series D, bringing valuation to $40B

Global payments processor Checkout.com announced a $1 billion Series D funding round on Wednesday, which marks a total of $1.8 billion raised to date and a $40 billion company valuation. Among the primary investors in the latest round are Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, the Oxford Endowment Fund, and more. Big news We’ve just closed our $1bn Series D funding round at a $40 billion valuation. It will help drive our US growth, our platform evolution, and exciting work in Web3 Read more from…

Northwest Arkansas offering $10K in Bitcoin to attract remote workers

The Northwest Arkansas Council, consisting of business leaders aimed at promoting development in the region, has announced a crypto incentive program to bring in tech professionals and entrepreneurs willing to work remotely. In a Wednesday announcement, council president and CEO Nelson Peacock said the area would be looking to expand its range of talent in the tech industry by offering $10,000 in Bitcoin (BTC) — roughly 0.23 BTC at the current price of $43,610 — in addition to a bicycle or membership to arts and cultural facilities. The “Bitcoin and…

Russian protest group Pussy Riot seeks to tackle gender inequality in the NFT space

Russian punk rock collective Pussy Riot is planning to launch a DAO for LBTQ+ and women artists. As the group’s co-founder Nadya Tolokonnikova told Cointelegraph, the DAO will be working on reducing the gender inequality that still marks the nonfungible token (NFT) space and, more broadly, the crypto industry. Despite the large gender gap in crypto — around 60% of US crypto investors are white men, according to a survey from August 2021 — Nadya is convinced that it is still early enough for Pussy Riot to make an impact. “The…