Troubled cryptocurrency firm Nexo is planning to sue the Bulgarian government in the aftermath of massive raids at the company’s offices in Sofia. Nexo has complained about the actions of the law enforcement authorities in response to the investigation against the firm, the Bulgarian News Agency reported on Jan. 13. The company is reportedly preparing to file a lawsuit against the authorities to seek compensation for damages caused by the abrupt police interruption. One report suggested that investigators did not provide a search warrant for hours, while inspectors had never identified themselves. Nexo believes that the raids conducted in its …

Bitcoin (BTC) may be up 16% so far in 2023, but one stock it outperformed last year is now getting its revenge. Data from Cointelegraph Markets Pro and TradingView shows that for all its newfound strength, Bitcoin is still playing catch-up. Tesla up almost 25% from January low Tesla was in the headlines throughout 2022 as its rapid rise to prominence — and stock price gains — steadily unwound. Despite CEO Elon Musk making history with his personal wealth losses, however, TSLA has so far recovered by almost 25% since Jan. 6. Amid an atmosphere of declining inflation in the …

ARK Invest CEO Cathie Wood believes that digital wallets and blockchain tech were among “game-changing innovations” that the equity markets largely ignored in 2022. In a Jan. 12 blog post on the ARK Invest website, Wood suggested that the equity market faced a “wall of worry” in 2022, caused by fears of entrenched inflation and higher interest rates, and largely ignored a number of innovative technologies. Wood highlighted that digital wallets are “replacing cash and credit cards,” noting that they overtook cash as the top transaction method for offline commerce in 2020. Further arguing that digital wallets should not be …

A climate tech investor has painted a bright view of the Bitcoin (BTC) network, suggesting BTC’s environmental positives outweigh its negatives by a whopping 31:1 ratio. On Jan. 12, self-proclaimed philanthropist and environmentalist Daniel Batten claimed in a Twitter thread that “Bitcoin is probably the most important ESG technology of our time.” According to Batten, the 31:1 positive impact ratio was calculated by researching and interviewing grid engineers, climate scientists, BTC mining engineers, methane abatement experts, and solar and wind installers. The findings discovered 21 ways Bitcoin could be an environmental positive and just five ways it could be an …

Hot on the heels of its Bitcoin (BTC) futures exchange-traded fund (ETF) in Hong Kong, Samsung Asset Management has indicated it's considering the launch of a spot Bitcoin ETF on the city's exchange if policies allow for it. In an interview with Bloomberg published on Jan. 13, Hong Kong chief executive for Samsung Asset Management, Sam Park, said: “It really depends on how policy is going to be developed,” adding that the Hong Kong administrators are “clearly” interested in developing the city into a crypto hub. An ETF analyst at Bloomberg Intelligence, Rebecca Sin, noted that “Hong Kong is well …

Tyler Winklevoss, the co-founder of cryptocurrency exchange Gemini, has hit out at the regulator charging the exchange over issuing unregistered securities, calling the allegations "super lame" and a "manufactured parking ticket." In a series of tweets on Jan. 12, Winklevoss shared his disappointment over the earlier charges from the Securities and Exchange Commission (SEC) regarding Gemini's "Earn" program claiming the regulator was "optimizing for political points." He called the SEC's action "totally counterproductive" and said Gemini had been discussing the Earn program with the regulator "for more than 17 months." 2/ As a matter of background, the Earn program was …

Crypto investors have been urged to keep their eyes peeled for "deepfake" crypto scams to come, with the digital-doppelganger technology continuing to advance, making it harder for viewers to separate fact from fiction. David Schwed, the COO of blockchain security firm Halborn told Cointelegraph that the crypto industry is more “susceptible” to deepfakes than ever because “time is of the essence in making decisions” which results in less time to verify the veracity of a video. Deepfakes use deep learning artificial intelligence (AI) to create highly realistic digital content by manipulating and altering original media, such as swapping faces in …

Bitcoin (BTC) price has gained 15% in the past 13 days, and during this timeframe, traders’ bearish bets in BTC futures were liquidated in excess of $530 million compared to bulls. After rallying to $19,000 on Jan. 12, Bitcoin reached its highest price since the FTX exchange collapse on Nov. 8. The move was largely fueled by the United States Consumer Price Index (CPI) expectation for December, which matched consensus at 6.5% year-over-year — highlighting that the inflationary pressure likely peaked at 9% in June. Furthermore, on Jan. 11, FTX attorney Andy Dietderich said $5 billion in cash and liquid …

2022 was a rollercoaster ride of ups and downs for the blockchain industry. While the year’s first quarter looked promising, the crypto industry has been on a downward trajectory ever since. While indications of a global macroeconomic slowdown increase, these headwinds hamper the blockchain industry’s potential recovery. There are some signs of stabilization in the crypto market and a potential upside at the start of the new year. For those serious about understanding the crypto space’s different sectors, including venture capital, derivatives, decentralized finance (DeFi), regulations and much more, Cointelegraph Research publishes a monthly Investors Insights report. Compiled by leading …

Actress and model Alejandra Guajardo represented El Salvador in the preliminary competition of the Miss Universe 2022 pageant by wearing a costume featuring Bitcoin during her walk across the stage. In a Jan. 12 post on her Instagram account tagging El Salvador president Nayib Bukele, Guajardo showed herself walking gracefully with a giant colón — one of the country’s accepted currencies until 2001 — strapped to her back adorned with cocoa beans. In her right hand, the pageant contestant carried a staff topped with a large physical Bitcoin (BTC). “This look represents El Salvador’s history of currency,” said the Miss …

On this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining — a home-based crypto mining equipment business. This week, to kick things off, we get to know a little bit about Kramer and his mining business. What are his expertise and experience with crypto mining, and how did he gravitate toward it? We also get his take on the current market conditions and the price of Bitcoin (BTC). Doing anything from your house, whether it’s working from home or mining cryptocurrencies, comes with its own set of challenges, especially when you’re first starting …

Bitcoin (BTC) wobbled at $18,000 at the Jan. 12 Wall Street open despite United States inflation continuing to fall. Bitcoin traders stay wary post-CPI Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering predictable volatility around the release of Consumer Price Index (CPI) data for December. The first such release of 2023, the event preceded the start of trading on Wall Street, with Bitcoin briefly gapping higher before returning to threaten a breakdown below the $18,000 mark. In so doing, the largest cryptocurrency copied behavior from one month prior, with resistance at $18,500 remaining untested. CPI came in at …