Hello there!

We’ve just completed the first week of the new year and things seem pretty normal—-as normal as a bear market can be.

All the major coins, including Bitcoin and Ethereum, posted substantial gains last week, giving us hope for a profitable month. The market might experience more uptick so ensure to start tracking your favorite crypto using Coinigy today.

Here are the highlights for the week.

  • Microsoft plans to launch a ChatGPT-powered version of Bing.
  • SBF pleads not guilty
  • SEC files a limited objection to Voyager-Binance.US deal
  • Genesis sacks 30% of workers, may file for Chapter 11 bankruptcy

Microsoft plans to launch a ChatGPT-powered version of Bing.

Aaron Holmes broke the bombshell story that Microsoft is preparing to launch a ChatGPT-powered Bing—which could finally give Bing some firepower against Google—as soon as the end of March. Read more.

SBF Pleads Not Guilty

Former FTX CEO Sam Bankman-Fried has pleaded not guilty to all charges related to the collapse of the crypto exchange, including wire fraud and securities fraud. He faces eight criminal counts, which could result in 115 years in prison if convicted. Read more.

SEC files a limited objection to Voyager-Binance.US deal

The U.S. Securities and Exchange Commission (SEC) is pausing Voyager Digital’s plans to sell its assets to Binance.US, according to a court filing dated Jan. 4.

In that limited objection, the SEC asserted that Voyager has failed to provide certain pieces of information. Specifically, it said that Voyager has not shown that Binance.US will be able to carry out a transaction that will be larger than $1 billion. Read more.

Genesis sacks 30% of workers, may file for Chapter 11 bankruptcy

Beleaguered crypto lender Genesis has sacked 30% of its workers and may file for bankruptcy, The Wall Street Journal reported on Jan. 5, citing people familiar with the matter. Genesis previously laid off 20% of its workforce in August 2022, citing market conditions. Read more.

Other highlights worth mentioning

  • FTX attempting to recover millions donated to charities – cryptoslate
  • Metaverse to possibly create $5T in value by 2030: McKinsey report – cointelegraph

Source: https://insights.coinigy.com/microsoft-to-launch-chatgpt-powered-bing-sbf-pleads-not-guilty/