Remember everyone one I promised to be Back tomorrow I lied that's right I'm Your host Andrew back from another week Off and this is crypto espresso your Teeny tiny daily shot of caffeinated Crypto headlines we're back for good This time so let's action roll into it People first up the crypto markets have Started the week with a modest surge Upwards helping Bitcoin finally break Through that stubborn 17 000 Mark for the first time since Mid-December coin market cap data shows The best performers among the 20 biggest Cryptocurrencies were Solana and cardano Up 20 and 15 respectively on a 24-hour Time frame while this sea of green may Offer some welcome relief for crypto Investors it's actually shaping up to be Quite a turbulent week and that means These gains might actually be Short-lived crypto Quant analyst Venture Founder has warned a definitive break of Sixteen thousand dollars could cause Bitcoin to slump all the way down to Thirteen thousand dollars though there's Also a chance that breaching supported Eighteen thousand dollars could spurra For the rally to twenty two thousand Dollars five hundred so who knows after Weeks of bickering teams in the US and The Bahamas have agreed to cooperate in Bankruptcy proceedings against FTX the Cooperation agreement means that both
Parties will work together to share Information secure and return property To their estate's coordinate litigation Against third parties and explore Strategic alternatives for maximizing Stakeholder recoveries Indicating that there may be a couple of Things that they disagree on ftx's new CEO John Ray said there are some issues Where we do not yet have a meeting of The minds but we resolved many of the Outstanding matters and have a path Forward to resolve the rest the Agreement isn't ready to go just yet Though since it will need to be given The green light by courts in both Countries as ever multiple strands to This story are unraveling simultaneously Former FTX U.S president Brett Harrison Who stepped down weeks before the Bankruptcy has said that he will share In time what he knew about the stricken Exchange but stopped short of confirming Whether he's working with regulators and Prosecutors elsewhere prosecutors have Set up a dedicated website for those who Believe they were a victim of fraud by SPF and ftx's new management is trying To recoup charitable donations made While bankman freed was at the helm even Though some of the cash may have already Been spent non-profits are being warned Action will be taken in bankruptcy court With a view to forcing repayments plus
Interest and finally a crypto payments Platform has announced that it's Limiting withdrawals at 90 percent amid Reports that a shutdown is imminent in An update posted over the weekend wire Said that the amended policy would be Subject to daily withdrawal limits Causing users to quickly attempt to Gradually pull most of their funds from The site all of this comes after a since Deleted LinkedIn post from one of wire's Technical Engineers suggesting that wire Won't continue as a profitable business A leaked email obtained by axios Suggests wires CEO warned staff to brace Themselves for the fact that we will Need to unwind the business over the Next cup couple of weeks and all of this Comes just four months after bolt Abandoned plans to buy wire for about 1.5 billion dollars and speaking of hey You remember the last time a bolt and a Wire got together it sent a DeLorean Forward in time by 30 years for more Heavy crypto espresso videos be sure to Like this video subscribe to our YouTube Channel and click on that little bell Icon to get boozed whenever a new crypto Espresso video goes live and now that I'm really back right producer okay he's Nodding tell me what your 2023 crypto Predictions are in those comments below Is Bitcoin going to be hitting that 18 000 Mark or are we going down down to
Thirteen thousand questions about our Headlines or crypto in general ask Alex In the description below Alex is a great Resource for all things web 3 in the Metaverse and that about does it for Today again I've been your host Andrew These have been your headlines and we'll See all of your beautiful shining faces Tomorrow have a good one
Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.