Crypto news
Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain
Abu Dhabi, Abu Dhabi, 31st January, 2023, Chainwire Venom Ventures Fund, a Web3 and… The post Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.
Metacade Plans Unveiled: The Best Metaverse Gaming Community All-in-One
Decentraland (MANA) and The Sandbox (SAND) are great examples of the high returns that… The post Metacade Plans Unveiled: The Best Metaverse Gaming Community All-in-One appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.
Nicholas Merten of DataDash predicts a ‘cold winter’ for the crypto market
Episode four of Cointelegraph’s Crypto Trading Secrets podcast features an interview with Nicholas Merten, who shared his opinions on the crypto bear market and more. Podcast Own this piece of history Collect this article as an NFT Nicholas Merten, a crypto trader and the creator of the DataDash YouTube channel, joined Cointelegraph’s Crypto Trading Secrets podcast for an interview with host Benjamin Pirus, discussing a number of topics, including his opinions on the state of the crypto market. “I think that right now, we’ve been going through what can only be seen as a period of consolidation,” he said when asked about his thoughts on the price of Bitcoin (BTC) as of Jan. 9, the date of the interview. Bitcoin largely traded sideways for part of November and most of December. January, howe...
Opinion: Crypto exchanges keep failing, so why do we still trust Changpeng Zhao?
New data indicates Binance’s stablecoin, BUSD, has been undercollateralized at times by more than $1 billion. Yet, few have questioned CEO Changpeng Zhao. Opinion Own this piece of history Collect this article as an NFT Cryptocurrency has faced more than its fair share of catastrophes, nearly all of which seemed as though they might end or at least seriously impede the continued growth of the sector. Yet despite the many “teachable moments,” the social layer of crypto refuses to learn its lesson and continues to place its trust in the hands of individuals rather than fully utilize the technologies it claims to support. Since the early days of the industry, crypto has faced major blows at the hands of centralized actors — Mt. Gox, which handled 70% of global Bitcoin transactions, lost track...
EU lawmakers vote for more restrictive capital requirements on banks holding crypto
Banks could be required to hold a “risk-weighted exposure amount” of up to 1,250% of capital based on exposure to crypto if the full parliament passes the measures. News Own this piece of history Collect this article as an NFT The Economic and Monetary Affairs Committee of the European Parliament has voted for measures requiring banks holding cryptocurrencies to set aside a punitive amount of capital. In a Jan. 24 notice, the European Parliament announced the committee had voted overwhelmingly in favor of amendments to its Capital Requirements Regulation and Capital Requirements Directive applying to banks holding crypto. According to a draft law, banks would be required to hold a “risk-weighted exposure amount” of up to 1,250% of capital based on exposure to crypto. On Tuesday 24/01 @EP_E...
Solana (SOL) price rally could fizzle out due to weak fundamentals
Solana’s usage data and ecosystem development do not support the recent bullish rally, raising the probability of a SOL price correction. Market Analysis Own this piece of history Collect this article as an NFT Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others. It’s because excessive negative funding rates, like the one in Solana displayed below, implies that the majority of traders are on the short side, providing an opportunity for buyers to run their stops. SOL funding rate for perpetual swaps. Source: Coinglass Regardless of the reason behind the price increase, if enough buyers are interested in...
Crypto Price Forecast: Bitcoin (BTC), ApeCoin (APE) and Metacade (MCADE)
The start of a new year is always a good time to reflect on the past, and look forward to the future. Like so many, Bitcoin (BTC) and ApeCoin (APE) had a bumpy ride in 2022, and not just because of the FTX crash. Meanwhile, as the year ended, Metacade (MCADE) made a promising start to its presale. So, what is the crypto price forecast for these three popular investments? Read on for detailed predictions. What is Metacade (MCADE)? Metacade (MCADE) looks like it could take the GameFi industry by storm in 2023. With a superb selection of classic arcade and futuristic Web3 metaverse games, Metacade (MCADE) offers significant earning potential to blockchain gamers, developers and crypto enthusiasts across the scene. Available for a limited period at a very tempting presale price,...
Here Is How Metacade (MCADE) Could Make You a Fortune – The Best Gaming Crypto Project in 2023
As the dust settles on a rocky year for crypto in 2022, skilled investors are already assessing the market for a standout opportunity to make mind-blowing profits in 2023. While DeFi has taken a pummeling in light of so many problems, one area breaking the mold and showing much potential for the future is GameFi. One project, in particular, is making waves with its innovative approach to Web3-powered gaming, and so many of those looking for the best gaming crypto projects to invest in for 2023 are being drawn to Metacade. The Metacade presale is underway now and has turned many heads with its unparalleled success. The project’s presale has raised an unbelievable $3.2m in just 9 weeks as investors do everything they can to lock in the future profits that seem inevitable through owning the p...
Europol reports $19.5M in crypto seized in enforcement action against Bitzlato
The operation conducted by authorities across Europe and the U.S. resulted in the arrest of 5 individuals linked to the exchange, including Bitzlato founder Anatoly Legkodymov. News Own this piece of history Collect this article as an NFT The European Union Agency for Law Enforcement Cooperation, or Europol, has reported authorities took control of crypto wallets containing more than $19 million in cryptocurrency as part of enforcement actions against crypto firm Bitzlato. In a Jan. 23 announcement, Europol reported that roughly 46% of assets — 1 billion euro, or $1.09 billion at the time of publication — moved through Bitzlato were linked to illicit activities. The government agency’s analysis suggested that Bitzlato received more than 2.1 billion euro in cryptocurrencies including Bitcoi...
Bitcoin price stays near $23K as data shows hodlers not selling BTC
Seasoned Bitcoin market participants are anything but willing to take profit, even with the BTC price up 40% in January. Market Update Own this piece of history Collect this article as an NFT Bitcoin (BTC) refused to surrender gains at the Jan. 23 Wall Street open as United States equities opened higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar sags as risk assets reject retracement Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to circle $22,800 at the time of writing. The pair had managed to conserve its trading range over the weekend, with a local low of $22,315 allowing bulls to avoid a major setback. The mood remained buoyant among risk assets on the day, with the S&P 500 up 1.3% and Nasdaq Composite Index trading 2% higher....
Bitcoin miners’ worst days may have passed, but a few key hurdles remain
A handful of improving metrics show profit margins slowly improving for Bitcoin miners, but key areas of the sector remain under pressure. Market Analysis Own this piece of history Collect this article as an NFT Bitcoin’s mining industry has been relatively stable compared to the bearish price action and the tumultuous fallout of exchanges and lending companies. The network’s hashrate dipped slightly toward the end of 2022, primarily due to an unprecedented blizzard in the U.S., and has since recovered strongly to surpass its previous peak above 270 EH/s. It was particularly encouraging to see that the hashrate holding well above summer 2022 lows, despite the aftermath of FTX collapse. Bitcoin 7-day average hash rate. Source: Glassnode However, despite the recent robustness in a vari...
Ethereum devs create ‘shadow fork’ to test conditions for Ether withdrawals
Developers are attempting to attack the forked testnet with malicious nodes to see if they can find vulnerabilities. News Own this piece of history Collect this article as an NFT As the proposed date for the Ethereum Shanghai update draws closer, developers have created a testing environment called a “shadow fork,” according to a Jan. 23 tweet thread by Go-Ethereum developer Marius Van Der Wijden. The new testnet appears to have been created in order to test the conditions needed for Ether (ETH) staking withdrawals, which are currently disabled but are intended to become enabled in the update. Withdrawal-Mainnet-Shadow-Fork-1 is finalizing It started out with a few issues because the config wasn’t correctly applied on geth (we disallow overriding the mainnet config). The config is ap...
