• CryptoUnity is a Slovenian start-up that is building a beginner-focused crypto exchange.
• The cryptocurrency exchange seeks to close the gap for beginners in the ecosystem with its user-friendly interface and comprehensive educational resources.
• CUT is the utility token that powers the CryptoUnity ecosystem, providing holders with many different benefits and utility cases on the platform.

CryptoUnity Exchange

CryptoUnity is a Slovenian start-up that is building a beginner-focused crypto exchange to bridge the gap between beginners and the world of cryptocurrency. The user-friendly interface and comprehensive educational resources on CryptoUnity are designed to make it easier for users to navigate and learn more about cryptocurrencies. As part of its focus on safety, CryptoUnity has implemented cold wallet storage with an NFC card while also passing audits by QuilAudits and CertiK.

CUT Token

The CUT token powers the CryptoUnity ecosystem, providing holders with many different benefits and utility cases on the platform. These include lower fees, holder rewards, access to further education, advantages on giveaways as well as presale spots for legitimate ICOs. Additionally, users can benefit from airdrops when holding CUT tokens.

Partnership With Lenovo

To ensure maximum security for its users‘ funds, CryptoUnity has partnered with Lenovo – one of the leading tech companies in the world – storing funds with an independent custodian regulated by Lenovo itself. This partnership provides users with added peace of mind when using CryptoUnity’s services as they know their funds are safe at all times.

High Level Of Transparency

As noted previously, transparency is key in this space and this applies to exchanges too; so far, CryptoUnity has passed audits by QuilAudits and CertiK which have provided them with a CertiK KYC Gold badge demonstrating their commitment to transparency towards their customers.

Conclusion

In conclusion, Crypto Unity provides an easy way for beginners to get started in cryptocurrency trading whilst being secure through its partnership with Lenovo and its high levels of transparency through auditing processes by Certik & QuilAudits . Furthermore , CUT token provides many benefits such as discounts , rewards , access to educational materials & presales slots .

• Huobi’s native token, HT, crashed by 90% on Thursday dropping from $4.6 to $0.31.
• Over $2 million HT tokens were sold on Huobi prior to the crash and Justin Sun is the largest holder of HT tokens.
• Justin Sun suggested that few users triggered a cascade of forced liquidations in the spot and HT contract markets and he will create a $100 million liquidity fund for those impacted by the leveraged liquidation.

HT Price Crash

Huobi’s native token, HT, crashed by over 90% on Thursday dropping to $0.31 from $4.6 in just 10 minutes. Although the price has since recovered, the token was trading at $3.81, 21% down in the past 24 hours at press time.

Reason Behind The Crash

According to transaction data from Kaiko’s research analyst Riyad Carey, more than $2 million HT tokens were sold on Huobi in the minutes leading to the HT crash which could have been triggered due to Justin Sun’s large movements of USDT from Huobi to Aave and Tron’s token TRX dropping by 12%.

Justin Sun’s Response

Justin Sun who is an advisor to Huobi Exchange as well as being its largest holder of HT tokens commented on this spontaneous price plunge saying that he would create a $100 million liquidity fund for those impacted by leveraged liquidation and improving liquidity depth of main cryptocurrencies and HT token, strengthening leverage risk warnings and liquidity capabilities.

Impact On Other Cryptocurrencies

In addition to this incident having an impact on Huobi Token (HT), it also had a negative effect on other cryptocurrencies such as Tron (TRX) which dropped 12% during this period due its founder Justin Sun being involved with these events directly or indirectly.

Conclusion

Overall, although there was a brief drop in price due to certain external factors along with some internal ones such as user-triggered cascades of forced liquidations in the spot and contract markets involving significant amounts of money; everything seems to be under control now thanks largely in part due to Justin Sun’s quick response offering aid with his newly created liquidity funds for those affected by these events whose prices have since then recovered back up again..

• Silvergate Capital Corp (NYSE: SI) was cut nearly in half this morning after it delayed the submission of its annual 10-K report.
• JPMorgan analyst Steven Alexopoulos downgraded the financial services company to „underweight“ citing continued liquidity challenges.
• Coinbase also announced today that it had stopped payments to or from the crypto bank.

Silvergate Stock Crashes 50% On Thursday

Silvergate Capital Corp (NYSE: SI) saw its stock price fall by almost 50% on Thursday, following their announcement that they had delayed the filing of their 10-K report with the U.S. Securities and Exchange Commission (SEC). This has caused a significant loss of capital for the company as well as an existential crisis due to their involvement in the FTX fiasco earlier this year.

JPMorgan Downgrades Silvergate Stock To Underweight

Following this news, JPMorgan analyst Steven Alexopoulos downgraded the financial services company to „underweight“, citing ongoing liquidity issues. There have been significant outflows from deposits over recent months, impacting the firm’s capital ratio and causing further concern for investors. Canaccord Genuity analysts also downgraded Silvergate stock and decreased their price target to $9 per share.

Coinbase Stops Payments To/From Crypto Bank

Adding to investor concerns, Coinbase announced on Thursday that it will no longer be making payments to or from Silvergate’s cryptocurrency bank accounts. This could cause further drops in deposit levels for Silvergate, creating a more difficult situation for them going forward.

Analysis Of The Situation

Overall, investors are concerned with the direction that Silvergate is heading amidst regulatory and business challenges they are currently facing. It remains uncertain whether they will be able to continue operating as a going concern into 2021 unless they can make some major changes to their strategies and operations soon.

Conclusion

In summary, Silvergate’s stock plummeted nearly 50% on Thursday after announcing delays in submitting its annual 10-K report as well as being downgraded by several analysts due to liquidity challenges and Coinbase ceasing payments between their crypto bank accounts. Investors remain wary about how these developments will affect their ability to stay afloat moving forward into 2021

• Block Inc (NYSE: SQ) reported a 7.0% decline in its fourth quarter bitcoin revenue.
• Baird’s analyst David Koning reacted to this news on CNBC saying that Bitcoin doesn’t matter for the company anymore as it only generates 4.0% of gross profit.
• Despite the decline in BTC revenue, Block Inc is still trading up as it reported overall quarterly revenue above consensus.

Block Reports a Drop in Bitcoin Revenue

Block Inc (NYSE: SQ) recently reported a 7.0% decline in its fourth quarter bitcoin revenue. The San Francisco-based multinational noted the hit to its bitcoin revenue and had a fair value of $133 million worth of BTC investments at December 31st.

Baird Analyst Reacts To Decline In Bitcoin Revenue

Reacting to the news on CNBC’s „Closing Bell: Overtime“, Baird’s senior analyst David Koning said: “Bitcoin mattered when Block was at $250 a share. At $70, it doesn’t matter. It’s 4.0% of gross profit.“ He added that despite the decline in BTC revenue, Block Inc is still trading up as it reported overall quarterly revenue above consensus estimates for Q4 and accelerated well above during January and February trends for 2021.

Impairment Charge Related To Bitcoin Investment

In its letter to shareholders, Block revealed a $9 million impairment charge related to its BTC investment in Q4 versus only $2 million in the prior quarter due to the slump in bitcoin price throughout 2020 and early 2021. Koning is keeping bullish on Block stock with his current price target set at $85 per share which suggests about 15% upside from where the stock closed regular session today.

Forecast For Gross Profit & Adjusted EBITDA

For full year 2021, Block Inc is now calling for $1.30 billion of adjusted EBITDA and predicting 25% gross profit versus 22% seen in recent quarter which could be good news for investors looking forward into future performance of this financial technology firm based out of San Francisco USA .

Conclusion

Overall, despite reporting some negative figures regarding bitcoin investments and revenues , Block inc stock remains bullish with analysts expecting great performance going ahead due to other stable sources of income which should keep investors interested over time .

• The SEC announced that Do Kwon and his company Terraform Labs had allegedly defrauded investors.
• Do Kwon is on the run and has reportedly cashed out a massive $100 million worth of Bitcoin through a Swiss bank.
• The SEC alleges that fraudulent transactions continued until the filing of their official complaint against Do Kwon.

Do Kwon Charged with Defrauding Investors

The United States Securities and Exchange Commission (SEC) recently announced charges against Do Kwon, the founder of Terraform Labs, alleging that he and his company orchestrated a scheme to defraud investors.

Do Kwon Cashed Out $100 Million Worth of Bitcoin

Do Kwon is on the run and has reportedly cashed out a massive $100 million worth of Bitcoin through a bank in Switzerland. SEC Chair Gary Gensler stated in a press release that “We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities, most notably for LUNA and Terra USD”.

Kwon’s Cold Wallet

According to Bloomberg’s report published Thursday, 17 February, it appears that Do Kwons‘ company had moved 10 000 BTC from its cold wallet stored in Switzerland over time through an unnamed banking provider.

SEC Filing

The SEC alleges that fraudulent transactions had continued up to the date of its official complaint against Do Kwon and its firm. It is still unclear how authorities plan on apprehending him as he continues to evade capture.

Conclusion

Do Kwons‘ alleged fraud serves as an important reminder for investors to be aware when investing in cryptocurrencies or engaging with any crypto-related projects or companies. In order to protect their investments they should always perform due diligence before investing any money into these projects or companies.

• Tether has released its Q4 attestation report and reported a net profit of $700 million.
• The company’s consolidated assets exceeded its liabilities as of Dec. 31, 2022.
• Tether CTO Paolo Ardoino claims that the company successfully executed over $21 billion dollars in redemptions during the chaotic events of the year.

Tether Reports Profits in Q4

Stablecoin issuer Tether published its latest attestation report on Thursday, February 9th. The company reported a net profit of $700 million in the previous quarter despite the ongoing bear market. Tether revealed that the profit is in addition to its reserves and stated that their consolidated assets exceeded their liabilities as of December 31st, 2022.

Successful Redemptions

Tether CTO Paolo Ardoino claimed that they were able to smoothly execute over $21 billion dollars in redemptions during the chaotic events of last year. This is the first time that Tether has disclosed its profits figures but failed to explain how it made them.

Strong Reserves

The stablecoin issuer said; „Tether’s reserves remain extremely liquid, with the majority of its investments being held in cash, cash equivalents, and other short-term deposits.“ The net profit is part of shareholder equity which means it is what’s in excess of reserves according to a spokesperson from Tether.

Attestation Report

The December report was attested by accounting firm BDO which further added credibility to their claims and showed transparency since this was done by an independent third party firm.

Conclusion

In conclusion, despite the turmoil caused by cryptocurrency markets throughout last year, Tether was able to not only survive but also make huge profits for itself when looking at their quarterly report for Q4 2022 where they reported a net profit of $700 million

• Indonesia is set to launch a national crypto exchange by June 2023.
• The exchange will include five active and licensed platforms.
• The Financial Sector Development and Reinforcement Bill is now Indonesia’s primary legal reference for the broader financial services industry.

Indonesia to Unveil National Crypto Exchange

Indonesia plans to launch a national crypto exchange by June 2023, according to the country’s Trade Ministry. The exchange will include five active and licensed platforms that have been identified from a list of 25.

Background Information

The project was initially planned for December 2022, but delays in obtaining licenses and other official matters pushed back the timeline. To provide oversight for digital asset exchanges, lawmakers in the House of Representatives passed the Financial Sector Development and Reinforcement Bill (also referred to as the Omnibus Law). This bill serves as Indonesia’s primary legal reference for the broader financial services industry.

Current Status

A review process of digital asset exchanges earmarked to join the national crypto exchange is currently underway, with five registered exchanges already identified from an initial list of 25. Commenting on this project, Trade Minister Zulkifli Hasan said that everything must be done correctly before launch in order to protect users who are still learning about crypto trading.

Growing Crypto Community in Indonesia

Indonesia has one of the fastest growing crypto communities in terms of adoption rates, with many businesses beginning to accept cryptocurrencies as payment methods. According to recent reports, more than 10 million Indonesians are actively engaged in cryptocurrency trading activities across various exchanges throughout the country.

Conclusion

It appears that Indonesia is making progress towards launching its national crypto exchange by June 2023 as planned. With its growing crypto community, it’s likely that this new platform will have a positive impact on both investors and traders alike within the country’s burgeoning digital asset landscape

• Yield App, a digital wealth platform, has acquired Trofi Group, a platform that offers structured solutions for cryptocurrencies.
• The acquisition brings four new structured products to the Yiled App product suite, making Yield App one of the leading digital wealth platforms.
• The team at Trofi Group has 30 years experience in derivatives desks at JP Morgan and HSBC, which will be used to build best-in-class crypto-structured products.

Yield App, a digital wealth platform, announced yesterday that it has acquired Trofi Group, a platform that offers structured solutions for cryptocurrencies. The acquisition is an important milestone for Yield App, as it brings four new structured products to the Yiled App product suite, making Yield App one of the leading digital wealth platforms.

Commenting on the acquisition, the CEO of Yield App, Tim Frost, said: “The acquisition of Trofi Group establishes Yield App as a pioneer within the crypto-structured products arena, making us one of only a few platforms to bridge the gap between traditional finance and crypto. We are grateful to the team at Trofi for trusting us to continue their excellent work in bringing enhanced yield structured products to crypto.”

The team at Trofi Group boasts of 30 years experience in derivatives desks at JP Morgan and HSBC. This experience will be leveraged to build best-in-class crypto-structured products, which will provide customers with additional products and opportunities to earn on their assets at market-leading rates.

The acquisition is a significant move for Yield App, as it allows the platform to offer its customers a wide range of products and services, from safe custody of digital assets to structured solutions for cryptocurrencies. The move also reinforces Yield App’s commitment to providing customers with a secure, reliable and seamless digital wealth experience.

In addition to providing customers with an enhanced suite of products, Yield App is also committed to delivering service excellence to its customers. Through the acquisition, Yield App will be able to offer customers a comprehensive suite of services, from technical support to customer service.

The acquisition of Trofi Group is the latest move in Yield App’s mission to become a leader in the digital wealth space. The acquisition will help Yield App continue to provide customers with a secure and reliable digital wealth experience, while also providing customers with more structured products and services.

• Former FTX.US president, Brett Harrison, raised $5 million in a seed round funding for his new crypto project for institutional investors.
• Backers of the new platform, Architect, include Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital and SV Angel.
• The new platform is a decentralised finance (DeFi) venture and is building new institutional-grade trading technology.

Brett Harrison, the former FTX.US president, has raised $5 million in a seed round funding for his new crypto project for institutional investors. The new platform, which is a decentralised finance (DeFi) venture, is dubbed Architect and has been in stealth development since last September. An announcement Harrison released on Friday stated that Architect had secured the $5 million investment from some of the top venture investors within the crypto space, including Coinbase Ventures and Circle Ventures. Other investors to back the former FTX.US president’s startup Architect are SALT Fund, Third King Venture Capital, Motivate Venture Capital and SV Angel. SkyBridge Capital’s Antony Scaramucci has also invested in the new crypto software project.

Architect is a trading platform that is designed to simplify the process of trading and investing in digital assets. The platform is aiming to create a user-friendly space for institutional investors to access the global cryptocurrency markets. The platform will offer users an array of trading tools, such as advanced order types, real-time market data, and an intuitive user interface. The platform will also provide users with access to a suite of additional services, such as portfolio management, risk management, and compliance solutions.

The platform has already has already begun its development process and is slated to launch in the second quarter of 2023. The goal is to become the go-to platform for institutional investors who want to trade and invest in the crypto markets. Harrison has stated that the platform will “remove the barriers to entry for institutional investors, making it easier and more efficient to access the crypto markets.”

Architect is the latest in a series of projects that Harrison has been involved in within the crypto space. In addition to his time at FTX.US, he has also been involved in the development of the world’s first regulated cryptocurrency exchange, Bakkt, as well as the development of the blockchain-powered gaming platform, Gods Unchained.

The project has already attracted a great deal of attention from both the crypto and traditional investment community. With the recent influx of investment, Architect is well-positioned to become one of the most influential players in the institutional crypto space. With the promise of a user-friendly platform and the potential to revolutionize the way institutional investors access the global crypto markets, Architect is sure to make waves in the cryptocurrency space.

• Cryptocurrencies had a strong week as investors reacted to the FTX bankruptcy proceedings and the latest American inflation data.
• This crypto price prediction will look at what to expect with AGIX, Aptos, and MULTI.
• AGIX is the native token for SingularityNet, a relatively small but fast-growing AI platform built on Cardano, that surged to a high of $0.130 this week.

Cryptocurrencies had a strong week as investors reacted to the FTX bankruptcy proceedings and the latest American inflation data. The biggest crypto news of the week was that FTX had found more than $5 billion in liquid assets that it could sell. Additionally, data showed that America’s inflation was cooling. As a result, this week’s crypto price prediction will look at what to expect with AGIX, Aptos, and MULTI.

The AGIX crypto price surged to a high of $0.130 this week, the highest point since October 14. It has jumped by more than 253% from the lowest point in 2022. It is unclear why the token rose but a likely reason is that it was in sync with other AI-focused coins. Looking at the daily chart, we see that the token went parabolic this week. As it rose, it moved above the important resistance point at $0.072, the highest point on December 13. The coin managed to move above all moving averages and is now approaching the important resistance point at $0.136. In the same period, oscillators like the Relative Strength Index (RSI) and the MACD have all surged. This indicates that SingularityNet’s token is about to have a major pullback. If this happens, the next key support level to watch will be at $0.10, which is about 25% below the current level.

Aptos is a blockchain-based platform that enables its users to securely store, trade, and manage digital assets. The Aptos crypto price rose to a high of $2.24 this week, the highest point since October 13. The coin has grown by more than 45% since the beginning of the year. The coin has moved above the important resistance point at $1.8. It is now on track to test the next resistance level at $2.5.

Finally, MULTI is a decentralized exchange that is built on the Ethereum blockchain. The MULTI crypto price rose to a high of $0.41 this week, the highest point since November 16. It has grown by more than 114% since the beginning of the year. MULTI has also moved above all its moving averages and is now approaching the important resistance point at $0.45. If this resistance level is broken, the next target will be at $0.5.

In conclusion, cryptocurrencies had a strong week as investors reacted positively to the FTX bankruptcy proceedings and the latest American inflation data. This crypto price prediction looked at AGIX, Aptos, and MULTI and showed that all three coins had seen a surge in their prices. However, the coins may see a pullback soon, so investors should be cautious.