Decentral Block Post

SkyBridge Capital founder Anthony Scaramucci is investing in a crypto company founded by the former president of FTX US.

According to an email to Bloomberg, Scaramucci said he would be investing his own personal funds to support ex-FTX US president Brett Harrison’s new venture, which became known just three weeks after the collapse of crypto exchange FTX.

It is understood that the crypto software company — which doesn’t yet have a name — will enable crypto traders to create algorithmic-based strategies to access different markets — both centralized and decentralized.

It is also understood that Harrison has been seeking a fundraising target as high as $10 million for a $100 million valuation.

In a Jan. 14 tweet responding to Harrison's lengthy thread on Sam Bankman-Fried and his time at FTX U, Scaramucci said he was “proud” to be an investor in Harrison’s new company.

The cryptocurrency markets have made a strong comeback in the past few days. That drove the total crypto market capitalization to $995 billion on Jan. 14, according to CoinMarketCap data. Bitcoin (BTC) led the recovery from the front and skyrocketed above $21,000 on Jan. 14.

After the sharp rally, the big question is whether the recovery is a dead cat bounce that is a selling opportunity, or is it the start of a new uptrend. It is difficult to predict with certainty if a macro bottom has been made but the charts suggest that a bottoming process has begun.

Independent market analyst HornHairs highlighted that the 2017 to 2018 bear market lasted for 364 days and from 2021 to the current market low, the duration is again 364 days. Another interesting similarity is that the 2015 to 2017 bull market and the 2018 to 2021 bull phase both lasted for 1,064 days. If history repeats itself, then Bitcoin may make the next top in roughly 1,000 days.

Bitcoin's short term price action has been exciting for bulls but are there altcoins that are showing similar strength in the near term?

Let’s study the charts to find out.

The cryptocurrency markets have made a strong comeback in the past few days. That drove the total crypto market capitalization to $995 billion on Jan. 14, according to CoinMarketCap data. Bitcoin (BTC) led the recovery from the front, skyrocketing above $21,000 on Jan. 14.

After the sharp rally, the big question is whether the recovery is a dead cat bounce that is a selling opportunity, or the start of a new uptrend. It is difficult to predict with certainty if a macro bottom has been made but the charts suggest that a bottoming process has begun.

Independent market analyst HornHairs highlighted that the 2017 to 2018 bear market lasted for 364 days and that from 2021 to the current market low, the duration is again 364 days. Another interesting similarity is that the 2015 to 2017 bull market and the 2018 to 2021 bull phase both lasted for 1,064 days. If history repeats itself, then Bitcoin may make the next top in roughly 1,000 days.

Bitcoin’s short-term price action has been exciting for bulls but are there altcoins that are showing similar strength in the near term?

Let’s study the charts to find out.

Bitcoin (BTC) may be circling its highest levels in months, but few are convinced that the bull market is back.

Ahead of a key weekly close, BTC/USD remains near $21,000, data from Cointelegraph Markets Pro and TradingView shows, with analysts nervous about the good times ending all too soon.

Bitcoin to see new “depression” before bull run resumes

Bitcoin is dividing opinion after its week of brisk gains. Warnings over a potential pullback abound, while others are already commiserating bears ahead of time.

“Now bears will be caught in the vicious cycle of praying for pullbacks to go lower, not realizing the tides have shifted for a time and we’re going higher,” Chris Burniske, former head of crypto at ARK Invest, summarized.

Even more optimistic takes such as that of Burniske, however, do not foresee the upside continuing uninterrupted in a definitive end to Bitcoin’s latest bear market.

Ethereum layer-2 scaling solution Polygon will undergo a hard fork on Jan. 17 in order to address gas spikes and chain reorganizations issues that has affected user experience on the Polygon proof-of-stake (POS) chain. 

Polygon officially confirmed the hard fork event in Jan. 12 a blog post, which came after weeks of preliminary discussion on Polygon Improvement Proposal (PIP) forum page in late December.

A Polygon spokesperson also provided Cointelegraph with additional details of the hard fork on Jan. 14:

“The hard fork is coded for the Block >= 38,189,056. No centralized, single actor is going to initiate it. Validators of the network have to update their nodes prior to the indicated block, and they are already doing so.”

87% of the 15 voters of the Polygon Governance Team voted in favor of increasing the BaseFeeChangeDenominator function from 8 to 16 to reduce gas fee spikes and to decrease the SprintLength function from 64 blocks to 16 in order to fix the chain reorganization problem.