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Bitcoin (BTC) needs a strong trigger for a positive breakout!
2.1.2023
At the beginning of 2022, BTC was trading around $47K, but currently, it is trading at around $16K. That means it has lost massive value in the last 12 months. There can be plenty of reasons behind such a downfall, but the prevalent question in the market is, will Bitcoin hit 100K in the next...
XRP Price Prediction as XRP Climbs Back Above $0.30, Can it Get to $1 Soon?
2.1.2023
XRP price has printed a green candle alongside other selected cryptos like Bitcoin (BTC), which is up 1.1% and Ethereum (ETH), up 2% on the day. The international money transfer token's move above $0.30 could be seen as a New Year gift to investors still reeling from the 2022 crypto winter....
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OpenSea witnesses sale of 1.3 M Polygon NFTs in Dec 2022
2.1.2023
OpenSea recently announced that the platform sold over 1.3 million Polygon NFTs in December 2022. The transactions amounted to over 15.3 million dollars from 116,000 active traders. Thus was the third-highest month in 2022 (based on NFTs sold for every active trader.) It amounted to 11.24 NFTs...
Dogecoin Foundation announces new fund for core developers
2.1.2023
The Dogecoin Foundation allocated 5 million DOGE, which is around $360,000 at the time of writing, to the development of the ecosystem
Sam Bankman-Fried’s Alameda Research troubles predate FTX: Report
2.1.2023
SBF had claimed that the operations of FTX and Alameda were independent, but the recent lawsuit has revealed that both firms worked in conjecture from day one
Original Bitcoin Core Developer has BTC Stolen From Wallet – This is What Happened
2.1.2023
Core Bitcoin developer Luke Dashjr has revealed that he has lost almost his entire stash of BTC after his PGP (Pretty Good Privacy) key was compromised just before the new year.
In a Sunday tweet, the developer said his PGP key, a common security method that uses two keys to gain access...
Italian Parliament Approves 26% Tax for Cryptocurrency Gains in 2023 Budget Law
2.1.2023
The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to declare their cryptocurrency holdings, proposing a 3.5% aliquot for undeclared cryptocurrencies held...
US will see new 'inflation spike' — 5 things to know in Bitcoin this week
2.1.2023
Bitcoin starts 2023 with a whimper as volatility stays absent and BTC price tips favor fresh downside to come
Bitcoin Core developer hack highlights self-custody risks: Community responds
2.1.2023
A Twitter user pointed out that if a top Bitcoin developer can’t keep his wallet secure, then mass adoption is a pipe dream
Hong Kong brokers line up for SFC approval ahead of new virtual asset trading legislation
2.1.2023
The Legislative Council of Hong Kong passed legislation that will soon open up virtual assets to retail investors, and local financial services are lining up for licensing approval
Integrating Decentralized Cross-Chain Communication Makes Bridges ‘Substantially Safer’ — Flare Networks CEO
2.1.2023
Although they grabbed less media attention than the collapse of centralized organizations, the so-called bridge exploit incidents in 2022 again proved that the decentralized finance (defi) ecosystem still lacks sufficiently secure solutions, Hugo Philion, the co-founder and CEO of Flare Networks...
Arbitrum One goes live on Nitro
2.1.2023
The moment seems to have finally arrived when the Arbitrum is functioning live on Nitro. For all concerned and connected users, this simply means they will now have the added benefit of an increased amount of throughput and immensely lesser fees. There will also be the factor of the new-age rollup...
Vitalik Buterin highlights what he's bullish about for 2023
2.1.2023
The Ethereum co-founder expects to reach a new milestone for rollups this year
Lido overtakes MakerDAO and now has the highest TVL in DeFi
2.1.2023
A Nansen in December noted that Ether staking solutions had been in high demand since Ethereum’s shift to proof-of-stake
$62M crypto stolen in Dec was the ‘lowest monthly figure’ in 2022: CertiK
2.1.2023
The month of December had the smallest figure for cryptocurrencies stolen in 2022 with around 23 major incidents according to CertiK
IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China
2.1.2023
The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not...
Bitcoin core developer claims to have lost 200+ BTC in hack
2.1.2023
A Bitcoin OG and core developer Luke Dashjr claims his PGP key was compromised, resulting in virtually all his Bitcoin being stolen from him on Dec. 31
New year community advice: Check your smart contract approvals
2.1.2023
A Reddit user has warned of the potential dangers of unchecked smart contracts, advising the community to revoke approvals on a regular basis
Economist Peter Schiff Predicts Inflation ‘About to Get Much Worse’ — US Dollar Facing ‘One of Its Worst Years Ever’
2.1.2023
Economist Peter Schiff has predicted that the U.S. dollar will have “one of its worst years ever” in 2023, warning that the inflation problem is “about to get much worse.” He also shared his prediction about the worst-performing sectors of the stock market this year. Peter...
Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens
1.1.2023
Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the role and plans to facilitate redemptions at net asset value (NAV) through...