The Block
Bitcoin increased by over 4% to break through the $44,000 mark for the first time in over a week.But the risk of a price correction is increasing, according to Coinglass analysts.
Quick Take Crypto hardware wallet manufacturer Ledger will make changes to its signing processes after a $600,000 exploit last week. Ledger also promised that affected users will be made whole by the end of February 2024.
Quick Take Tres Finance, a firm that offers tax and other financial services for web3 firms, raised $11 million in Series A funding. The round brings Tres’ total funding to $18.6 million, with support from Faction, New Form, Cyber Fund and others.
Quick Take Baxus CEO Tzvi Wiesel explains how Baxus is innovating on luxury wine and spirit trading through blockchain technology.
Quick Take Ripple is now a registered Virtual Asset Service Provider in Ireland, expanding its crypto footprint in Europe. The registration paves the way for Ripple to offer digital asset services across the European Economic Area under upcoming MiCA regulations.
Quick Take China’s industrial ministry said it plans to formulate strategy documents to boost NFT and decentralized app development.
Ark Invest sold another 34,261 Coinbase shares on Tuesday — worth around $5.5 million — following the $59 million in COIN it sold last week.COIN reached new yearly highs yesterday.Ark also offloaded Robinhood shares, selling 121,100 ($1.6 million).
Quick Take “The Global Settlement Agreement reflects a novel and mutually-beneficial solution to the complex cross-border legal issues raised by the circumstances of the collapse of the FTX group,” the debtors said in a statement.
Quick Take Galaxy’s Digital’s assets under management tripled within the last year from $1.7 billion to $5.3 billion, the Financial Times reports.
Quick Take The founder of the privacy-focused cryptocurrency Zcash, Zooko Wilcox, is stepping down from role as CEO of Electric Coin Co. Josh Swihart, the SVP of Growth for Electric Coin Company and Zcash’s development firm, has become the new CEO.
