Decentralized social network Damus teased an upcoming feature in its app that would allow users to earn Satoshi — the smallest fraction of Bitcoin (BTC) — based on post engagement on the platform. In a Twitter post, the Damus team highlighted that there will be a feature that allows users to earn Satoshis in the next version that’s “coming soon.” The team did not provide any details after the announcement. Coming soon in the next version... earn sats directly on posts! This post earned 118k sats which is about $40. Pretty neat! pic.twitter.com/dAbWWD4i93 — Damus⚡️ (@damusapp) February 5, 2023 Damus …

Bitcoin (BTC) lingered near $23,000 on Feb. 7 as a key chart phenomenon hit for the first time in 18 months. Battle of the Bitcoin crosses begins Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tracking sideways overnight, having shunned volatility at the week’s first Wall Street open. While failing to flip $23,000 to support, the pair nonetheless saw a potentially significant event on Feb. 6 in the form of a “golden cross” on the daily chart. This refers to the rising 50-period moving average crossing over the 200-period moving average. The last time that this occurred on daily …

The CEO of crypto miner Layer1 Technologies has filed a lawsuit against the firm’s two other board members — including co-founder Jakov Dolic — for allegedly commandeering Layer1's operations for their own gain. Chief executive John Harney and DGF Investments Inc — a British Virgin Islands-based investment firm — filed the lawsuit against Dolic and fellow board member Tobias Ebel in Delaware’s Chancery Court on Feb. 2. The lawsuit alleges that both Dolic and Ebel used a power vacuum at Layer1’s equity parent Enigma to seize control of the Bitcoin mining company and operate it as their own personal fiefdom.” …

A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year so far. The UN report, seen by Reuters, was reportedly submitted to a 15-member North Korea sanctions committee last week. It found North Korean-linked hackers were responsible for between $630 million and more than $1 billion in stolen crypto assets last year and targeted networks of foreign aerospace and defense companies. The UN report also noted that cyber attacks were more sophisticated than in previous years, making tracing stolen funds more difficult than ever. "[North Korea] used increasingly sophisticated …

Newly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms face up to two years of prison for failing to meet certain requirements around promotion, according to the U.K. financial watchdog. In a Feb. 6 statement, the U.K. Financial Conduct Authority (FCA) revealed that if the proposed "Financial promotions regime" is approved by Parliament, all crypto firms in the country and overseas would have to follow certain requirements when advertising their crypto services to U.K. customers. “Cryptoasset businesses marketing to UK consumers, including firms based overseas, must get ready for this regime,” said the FCA. …

The United States dollar index (DXY) has started a strong recovery and its rise is putting pressure on Bitcoin (BTC) and the S&P 500 (SPX) index. The market participants will be keenly watching for any insights on future rate hikes when the Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Washington on Feb. 7. Meanwhile, Bitcoin’s 43% rebound in January has improved sentiment among small investors. Crypto analytics firm Santiment said that the number of Bitcoin addresses holding 0.1 Bitcoin or less soared by 620,000 to hit 39.8 million, the highest level since Nov. 19. With the …

Bitcoin (BTC) stayed motionless at the Feb. 6 Wall Street open as analysis showed an “interesting dynamic” in play on BTC price charts. Bitcoin: Golden cross meets death cross Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ignored the start of U.S. equities trading to stay near $22,800. The pair had seen flash volatility into the weekly close, abandoning levels nearer its six-month highs above $24,000. Bitcoin thus worried market participants as the week began, with an increasing number eyeing a potential retest of $20,000 or lower. For on-chain monitoring resource Material Indicators, attention now turned to …

Troubled cryptocurrency lending firm Hodlnaut is reportedly working with several potential investors to sell its business and other assets. A number of potential buyers have inquired about purchasing Hodlnaut and its claims against the collapsed crypto exchange FTX, Bloomberg reported on Feb. 6. Hodlnaut’s interim judicial managers have received multiple proposals to acquire its Singapore-based crypto business after the company sought protection from creditors. Citing an affidavit, the report notes that the judicial managers are now in the process of signing non-disclosure agreements with the potential investors. The affidavit reportedly indicated that as of Dec. 9, Hodlnaut Group owed a …

Bitcoin (BTC) price surge above $20,000 in the second week of January led to a market FOMO (fear of missing out), especially among small BTC holders with a wallet balance of 0.1 BTC. There was a significant surge in BTC addresses holding 0.1 BTC or less, after January 13. According to data shared by crypto analytics firm Santiment, 620,000 new BTC addresses have popped up since the January 13 BTC price surge totaling 39.8 million. The rise in Bitcoin small addresses indicates regrowing investor optimism in 2023. The growth of such small addresses was very limited and slowed down remarkably …

Bitcoin (BTC) starts the second week of February in a newly bearish mood as multi-month highs fail to hold. In what may yet bring vindication to those predicting a major BTC price comedown, BTC/USD is back under $23,000 and making lower lows on hourly timeframes. Feb. 6 trading may not yet be underway in Europe or the United States, but Asian markets are already falling and the U.S. dollar gaining — potential further hurdles for Bitcoin bulls to overcome. With some macroeconomic data to come from the Federal Reserve this week, attention is mostly focused on next week’s inflation check …

A luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction — crypto trading. The center, called “The Balance,” is a Switzerland-founded wellness center, with its main facility located on the Spanish island of Mallorca along with representations in Spain, London and Switzerland. While it has been known to treat addiction ailments such as alcohol, drugs and behavioral health — it has now recently begun offering services aimed at combatting crypto trading addiction, according to a report from the BBC. The Feb. 5 report revealed that one of the center’s clients reached …

High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to Microstrategy co-founder Michael Saylor. In a Feb. 3 interview on CNBC’s Squawk on the Street, Saylor opined on potentia incoming United States crypto regulation after the bankruptcy of FTX, saying: “The crypto meltdown was painful in the short term, but it's necessary over the long term for the industry to grow up.” He added the industry “has some good ideas” — implying the Bitcoin (BTC) Lightning network — but added some in the space “implemented those …