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Sam Bankman-Fried Trial Developments; Report Says Ordinals Protocol Triggered Revival in Bitcoin Development

A federal judge rejected a joint request to modify Sam Bankman-Fried's bail conditions to allow him to use certain messaging tools. Separately, research firm FSInsight said in a recent report that the Ordinals protocol has triggered a revival of interest in bitcoin (BTC) development and has led to an increase in average block size as more users join the network.

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On-Chain Indicators Point Toward Positive Sentiment for Bitcoin

On-chain indicators are pointing toward positive sentiment for bitcoin, the world’s largest cryptocurrency by market capitalization. The bitcoin supply "in profit," which is the percentage of existing coins whose price at the time they last moved was lower than the current price, has increased since the start of the year, according to data from Glassnode. The indicator has increased by over 20% since early January. Christine Lee presents "The Chart of the Day."

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Sam Bankman-Fried's Bail Modification Request Rejected by Judge

U.S. District Judge Lewis Kaplan of the Southern District of New York rejected a joint request to modify former FTX CEO Sam Bankman-Fried's bail conditions to allow him to use certain messaging tools. The motion is "denied without prejudice" until a hearing on Thursday. "The Hash" panel discusses the latest developments.

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WazirX Refutes Binance Allegations, Plans To Seek Recourse

Indian cryptocurrency exchange WazirX has said, "allegations made by Binance in their blog are false and unsubstantiated," and is taking the necessary steps to seek recourse and protect its legal rights, according to its blog post published on Tuesday. "The Hash" panel discusses the latest developments in an ongoing public spat between Binance and WazirX.

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Hedera's HBAR Token Spikes as Dell Joins Hedera Governing Council

Computer manufacturer Dell has become a member of the Hedera Governing Council to develop decentralized applications to help its customers with their blockchain and Web3-related ventures. Hedera's HBAR token spiked higher on the news. "The Hash" panel discusses Dell's association with blockchain and crypto that goes back nearly a decade.

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'Zero Representation' of Crypto Ads in This Year's Super Bowl: Fox Sports

There will be "zero representation" of crypto companies in the advertising lineup for this year's Super Bowl championship game on Sunday, according to broadcaster Fox Sports. It's a notable change from last year's National Football League championship, where crypto ads were so prevalent that the event was dubbed the "Crypto Bowl." "The Hash" panel discusses what this means for the state of crypto.

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Ex-Coinbase Manager Pleads Guilty to Insider Trading Charges: Reuters

Reuters reported Tuesday that Ishan Wahi, former product manager at crypto exchange Coinbase (COIN), has agreed to plead guilty to insider trading charges. "The Hash" panel discusses the latest revelations from the first cryptocurrency insider-trading case and how this might shape future regulation. 

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Crypto Is Flat Before Fed Chair Speech

The Crypto Trader author Glen Goodman discusses his outlook on the crypto markets as the U.S. Federal Reserve is aiming to curb inflation through interest rate hikes. "We could see this [current] rally...continue for quite a while before it actually ends in a possible disaster," he said.

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Attorney Dissects Legal Considerations of NFTs and Trademarks

Bored Ape Yacht Club's parent company Yuga Labs has reached a settlement deal with Thomas Lehman, who built websites and a smart contract for copycat project RR/BAYC NFTs. Leichtman Law PLLC Managing Partner David Leichtman discusses the legal implications of NFTs generated by artificial intelligence, along with trademark rules for creators.

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DCG Will Have a Headache For Many Years To Come: Lumida CEO

Digital Currency Group (DCG) intends to sell its subsidiary Genesis' crypto trading business as well as its lending arm, which is restructuring through bankruptcy, a Genesis attorney said Monday as the company revealed a pact with creditors. Lumida CEO and co-founder Ram Ahluwalia shares his analysis. DCG is also the parent company of CoinDesk.

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