Best January since 2013? 5 things to know in Bitcoin this week

    Multi-month BTC price highs keep trickling in, but Fed volatility looms as the FOMC coincides with the Bitcoin monthly candle close. Bitcoin starts a key week with a familiar cocktail of price spikes mixed with fear that the bear market will return. After sealing its highest weekly close in almost six months, BTC/USD remains over 40%…

    Bitcoin mining revenue jumps up 50% to $23M in one month

    As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of U.S. dollars. As Bitcoin shows a minor bull run, the connected mining ecosystems’ year-long struggle for survival has started to pay off. In the first month of 2023, the Bitcoin mining community experienced a 50% increase in revenue…

    Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals

    The price of one Bitcoin (BTC) in Nigeria can cost upwards of $38,000. The price of Bitcoin in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash. At the time of writing, the price of 1 BTC on Nigerian crypto exchange NairaEX is…

    Aussie regulator flagged concerns about FTX months before collapse: Report

    Australia’s financial regulator raised concerns about FTX Australia not long after it began operations in March 2022, according to documents. Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as much as eight months before the exchange met its untimely end in November. According to documents obtained by Guardian Australia, officers of the Australian Securities…

    Bitcoin eyes $25K as BTC price nears best weekly close in 5 months

    Bitcoin bulls have everything to play for as the weekly and monthly closes decide what could be Bitcoin’s best January in ten years. Bitcoin spiked into key liquidity for a third time on Jan. 29 as the weekly and monthly closes loomed. Trader on Bitcoin: $25,000 “in sight” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly hitting $24,498…

    South Korea to deploy cryptocurrency tracking system in 2023

    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. 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…