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Lido DAO Soars to 2-Month High, BTC Touched $17K

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Lido DAO Soars to 2-Month High, BTC Touched $17K

After failing to challenge $17,000 for several straight days, bitcoin finally touched that level, marking a multi-week high.

The altcoins also turned green on Saturday, with impressive gains from Ethereum Classic and Lido DAO.

Bitcoin Touches $17K

The end of 2022 was quite calm for the primary cryptocurrency, and the first day of the new year didn’t bring any more excitement either, as it remained at around $16,500. The situation started to change on Monday with a minor push from the bulls to $16,700.

BTC tried to come closer to $17,000 in the next few days but ultimately failed to tap that line. The latest rejection from yesterday even pushed the asset south by a few hundred dollars.

However, bitcoin indeed touched $17,000 a few hours ago, doing so for the first time since December 20. It has lost some ground as of now and stands just under it, but it’s still around 1% up on the day.

Its market capitalization has increased to north of $325 billion, but its dominance over the alts is back down to 39.6%.

BTCUSD. Source: TradingView

LDO, ETC on the Run

CryptoPotato reported earlier this week when Lido DAO became a leader in terms of Total Value Locked, surpassing MakerDAO. Although the latter reclaimed its first position, the former’s native cryptocurrency has continued to rise higher.

The latest push came earlier today, as LDO skyrocketed by double digits and reached $1.5. This became its highest price tag in about two months.

Ethereum Classic is another notable performer on a daily scale. ETC is up by 10% and trades at just over $20.

Litecoin and Polygon have jumped the most from the top 15 largest cryptocurrencies, with gains of up to 4%.

Ethereum, Binance Coin, Ripple, Cardano, OKB, and Polkadot have increased by between 1-2% in the past 24 hours.

The cryptocurrency market cap has regained all losses from yesterday and is back above $820 billion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


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BitPay Announces Partnership With MoonPay – Bitcoin Magazine

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Bitcoin And Artificial Intelligence Frees Your Time - Bitcoin Magazine


BitPay and MoonPay, leading bitcoin and cryptocurrency payments infrastructure providers, have partnered “to provide BitPay users with significantly increased ways to buy cryptocurrency instantly, and at great rates.”

“BitPay’s unique marketplace experience also presents multiple rates for buyers, ensuring they receive the best possible price for their cryptocurrency purchases,” the press release states. “Additional benefits of the integration include fast delivery to any owned wallet address, as well as the ability for buyers to pay with their preferred method, including credit card, debit card, Apple Pay, Google Pay or a variety of local bank transfer methods.”


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Why Real Regulatory Change In Crypto Has Not Happened

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Why Real Regulatory Change In Crypto Has Not Happened



Legislators need to educate themselves on Web3 if they care about protecting consumers, Steven Eisenhauer, chief risk and compliance officer at Ramp, writes.


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South Korea to deploy cryptocurrency tracking system in 2023

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South Korea to deploy cryptocurrency tracking system in 2023


The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities.

The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance, according to local media outlet khgames.

While the system is slated to be deployed in the first half of 2023, the South Korean ministry shared plans to develop an independent tracking and analysis system in the second half of the year. A rough translation of the ministry’s statement reads:

“In response to the sophistication of crime, we will improve the forensic infrastructure (infrastructure). We will build a criminal justice system that meets international standards (global standards).”

The South Korean police previously established an agreement with five local crypto exchanges to cooperate in criminal investigations and ultimately create a safe trading environment for crypto investors.

Related: South Korean prosecutors request arrest warrant for Bithumb owner: Report

The South Korean Supreme Court ruled that crypto exchange Bithumb must pay damages to investors over a 1.5-hour service outage on Nov. 12, 2017.

The finalized ruling from the supreme court ordered damages ranging from as little as $6 to around $6,400 be paid to the 132 investors involved.

“The burden or the cost of technological failures should be shouldered by the service operator, not [the] service users who pay commission for the service,” the court stated.


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