THE LATEST CRYPTO NEWS FROM CNS Crypto mining stocks surg | Crypto Never Sleeps Broad
THE LATEST CRYPTO NEWS FROM CNS
Crypto mining stocks surge to yearly highs after Bitcoin bounces back price rebound to a multi-month high has rubbed onto the mining stocks as well. Many of these crypto-mining stocks recorded their best monthly performance in a year. The surge in mining stocks also came as a relief for the troubled miners who had to sell a significant chunk of their mined coins to boost liquidity last year.
Bitfarms, one of the top BTC mining firms registered a 140% surge in the first two weeks of January followed by Marathon Digital Holdings Inc. with a 120% surge. Hive Blockchain Technologies Ltd. saw its stock value nearly double in the same period while MVIS Global Digital Assets Mining Index is up by 64% in the first month as well.
https://cointelegraph.com/news/crypto-mining-stocks-surge-to-yearly-highs-after-bitcoin-bounces-back
SushiSwap’s new DEX aggregator will ‘10x our market share’ — Head Chef
Just a month after warning of a “significant deficit” in its treasury, the CEO of decentralized exchange (DEX) SushiSwap has shared several planned updates to the platform, which it says is intended to “10x” its market share in 2023.
Sushi CEO Jared Grey laid out the plans for the decentralized finance (DeFi) platform in a Jan. 16 Medium post, saying it will focus on its product stack in line with prior plans to make Sushi more sustainable.
https://cointelegraph.com/news/sushiswap-s-new-dex-aggregator-will-10x-our-market-share-head-chef
EU finance ministers’ group releases statement on political aspects of digital euro
The finance ministers from the eurozone countries have released a statement on the introduction of the digital euro after a meeting in Brussels. The Eurogroup meets regularly to discuss political dimensions of the potential digital currency, it said. The Jan. 16 statement coincides with the release of a European Central Bank (ECB) “stock taking” document detailing the progress of digital euro design.
The Eurogroup statement addressed the need for the European Central Bank and European Commission to inform the Eurogroup and EU member states of developments in the creation of the digital euro, which is in its investigative phase.
https://cointelegraph.com/news/eu-finance-ministers-group-releases-statement-on-political-aspects-of-digital-euro
Binance to let institutions store crypto with cold custody
Amid the centralized cryptocurrency exchanges (CEX) crisis, crypto exchange Binance is moving to improve its institutional trading services with cold-custody opportunities.
On Jan. 16, Binance announced the official launch of Binance Mirror, an off-exchange settlement solution that enables institutional investors to invest and trade using cold custody.
The newly launched Mirror service is based on Binance Custody, a regulated institutional digital asset custodian, and involves mirroring cold-storage assets through 1:1 collateral held on a Binance account.
https://cointelegraph.com/news/binance-to-let-institutions-store-crypto-with-cold-custody
Binance, Huobi team up to recover $2.5M from Harmony One hackers
Security teams at crypto exchanges Binance and Huobi worked together to freeze and recover 121 Bitcoin from hackers behind the Harmony bridge exploit.
In a tweet, Binance CEO Changpeng Zhao announced that the hackers have tried to launder their funds through the Huobi exchange. After Binance detected this, they contacted and assisted Huobi in freezing and recovering the digital assets deposited by the hackers.
https://cointelegraph.com/news/binance-huobi-team-up-to-recover-2-5m-from-harmony-one-hackers
