Top Crypto Market Highlights January 4, 20,23

Wyre Confirms Closeness and Plans to End Services January 2023Cryptocurrency firm Wyre has admitted that it has close to 100 employees. Axios has been informed by two former employees of Wyre. You can read more about this in the article: FTX Task force formed to recover victims’ assets immediately after SBF was deniedThe U.S. Attorney’s Office of Manhattan stated that it had created the FTX task force to track and recover the assets and deal with investigations and prosecutions involving the company. You can find more information in the article below: NFT Goobers founder DNP3 admits to gambling losses on his personal page. He not only lost all his assets, but also the money of investors. For more information, please read the article: Core Scientific Stops 37,000 Celsius Miners to End a Protracted Conflict Core Scientific stopped 37,000 Celsius mining devices from bankrupting cryptocurrency firm Celsius to end a long-running dispute between them. Core can move some of its electricity costs to Celsius thanks to their storage agreement. Core Science attorneys say that the bankrupt crypto company has not yet paid those bills since July when it filed for Chapter 11 protection. The article below provides more details: US Federal Reserve Warns Banks of Digital Asset Risks after FTX CollapseIn a joint declaration, the Federal Reserve (Office of the Comptroller of the Currency) and the Federal Deposit Insurance Corporation(FDIC), highlighted the vulnerabilities they see in the crypto industry, and reminded banks of the safety and soundness requirements. You can find more information in the article below. DISCLAIMER – The information on this website is intended to provide general market commentary but not as investment advice. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comHaroldCoincu NewsTags: cryptoFederal ReserveFTXhighlightsmarketWyre