U.S. stock indexes finished modestly higher on Friday with the tech-heavy Nasdaq Composite spearheading gains, as investors digested inflation data and corporates’ fourth-quarter earnings reports ahead of next week’s Federal Reserve monetary policy mee…
U.S. securities regulators are probing Tesla Inc. Chief Executive Elon Musk’s role in the EV maker’s self-driving car claims, Bloomberg reported Friday, citing a person familiar with the investigation. The review is part of the ongoing U.S. Securities …
Oil futures ended with a loss on Friday, with U.S. benchmark prices under $80 to settle at their lowest in more than a week. U.S. crude prices had a “little tug-of-war around the $80 a barrel level” until the market knows more about China’s reopening m…
Shares of Carvana Co. CVNA soared 20.8% in active afternoon trading Friday, enough to pace the New York Stock Exchange’s (NYSE) gainers list. Trading volume swelled to 28.6 million shares, already well above the full-day average of 18.6 million. The la…
Shares of Lucid Group Inc. LCID rocketed 62.7% in very active afternoon trading, paring an earlier intraday gain of as much as 97.8%, prior to its latest trading halt for volatility. The electric vehicle and battery pack maker’s stock was trading down …
Gold futures finished Friday with a modest loss, but held onto a slight gain for the week — their sixth weekly gain in a row. “Gold has had a good run in the last few weeks benefitting from the downturn in the U.S. dollar,” said Colin Cieszynski, chief…
Baker Hughes BKR on Friday reported that the number of active U.S. rigs drilling for oil fell by four to 609 this week. That followed a decline of 10 in the previous week. The total active U.S. rig count, which includes those drilling for natural gas, …
The House of Representatives on Friday approved a bill that would limit drawdowns from the Strategic Petroleum Reserve. The measure passed 221-205, and ties nonemergency releases to a boost in federal lands leased to oil companies. President Joe Biden …
Oil futures gave up early gains on Friday to trade more than 1% lower, with U.S. prices falling below the key $80 a barrel mark on an intraday basis. Traders are “looking to book profits ahead of the end of month and taking a safe position” ahead of th…
Canadian cannabis company OrganiGram Holdings Inc. OGICA:OGI said Thursday it received notification from the the Nasdaq that it is not in compliance with the minimum bid price requirement to retain its listing because its stock has traded below $1.00 f…
The Nasdaq Composite COMP has been a bit late to the broader market’s bullish party, but it finally crossed above its widely followed 200-day moving average (DMA) for the first time in a year. The index was up 0.5% at 11,575 in recent trading, while th…
U.S. stocks opened mostly lower Friday as investors digested data from the Federal Reserve’s preferred gauge showing signs of inflation slowing while personal spending last month fell. The Dow Jones Industrial Average opened slightly higher before dip…
Share of Sleep Number Corp. SNBR rallied 3.4% in afternoon trading Friday, reversing an earlier intraday loss of as much as 11.8%, after the bed and mattress maker provided a downbeat 2022 profit outlook but updated its revenue outlook to be in line wi…
Silvergate Capital Corp. SI stock fell 7.5% in premarket trades Friday after the company said it is suspending dividends on its 5.375% fixed rate non-cumulative perpetual preferred stock, Series A, in order to preserve capital. The company said it’s m…
Ayr Wellness Inc. AYRWFCA:AYR.A said Friday it will not move ahead with plans to acquire two dispensaries in Chicago for $55 million because “the cannabis market has changed significantly” in the 15 months since it inked the deal. Instead Ayr plans to …
Shares of Regeneron Pharmaceuticals Inc. REGN gained about 2.5% in premarket trading on Friday after the European Medicines Agency’s Committee for Medicinal Products for Human Use recommended approval of Dupixent, the atopic dermatitis therapy develope…
Nexstar Media Group Inc. NXST said Friday its board has approved a 50% increase in its quarterly cash dividend to $1.35 a share. The diversified media company said the new dividend will be payable on Friday, Feb. 24 to shareholders of record as of Feb….
CalAmp Corp. CAMP, a software and subscription services company, said Friday it is planning to reduce its work force by 8% as part of a restructuring. The Irvine, California-based company had 887 employees as of Feb. 28, 2022, according to its annual 1…
Colgate-Palmolive Co.’s CL fourth-quarter results beat analysts’ top and bottom-line expectations before market open Friday. The company earned 1 cents a share, compared with 18 cents a share in the year-ago quarter, impacted by goodwill and impairment…
Shares of HCA Healthcare Inc. HCA fell about 6% in premarket trading on Friday after the hospital operator set out earnings guidance for 2023 that came in lower than expected. Revenue for the fourth quarter of 2022 missed expectations. HCA had earnings…
Charter Communications Inc. CHTR fell short of earnings expectations for the fourth quarter but posted a larger haul of net new internet subscribers than it had seen in the third quarter. The cable company generated net income of $1.20 billion, or $7.7…
TXO Energy Partners L.P. TXO priced five million common units at $20 in its $500 million initial public offering for trading on Friday on the New York Stock Exchange under the symbol TXO. TXO Energy Partners granted underwriters an option to purchase…
Shares of Chevron Corp. CVX fell 0.7% in premarket trading Friday after the oil and gas giant missed fourth-quarter profit expectations, while revenue rose above forecasts. Net income rose to $6.35 billion, or $3.33 a share, from $5.06 billion, or $2.6…
Shares of Intel Corp. tumbled 9.6% in premarket trading, putting them on track for the worst one-day performance in 15 months, in the wake of the semiconductor maker’s fourth-quarter profit miss and warning of coming losses. The implied price decline w…
A Food and Drug Administration advisory panel voted unanimously on Thursday for Americans to get a once-a-year booster against COVID with the strain to be decided mid-year for a fall campaign, the Associated Press reported. The panel agreed that people…
Shares of Autoliv Inc. ALV rallied 3.4% in premarket trading Friday, after the Sweden-based maker of automotive safety systems beat fourth-quarter profit expectations, but came up shy on revenue, as price increases compensated for raw material cost inf…
DMCI Holdings, Inc. (DMC) and Union Bank of the Philippines (UBP) will be included in the PSE index (PSEi) starting February 6, 2023. Both companies will be replacing Megaworld Corporation (MEG) and Robinsons Land Corporation (RLC) based on the January to December 2022 index review of the Philippine Stock Exchange (PSE). DMC and UBP have…
Ailing home-goods retail chain Bed Bath & Beyond Inc. BBBY on Thursday said it had appointed Carol Flaton as a director of its board. The company said in a filing that she qualifies as an independent director. The decision took hold on Jan. 24. She wil…
Bitcoin might suffer from a pullback for two weeks or longer, though the crypto has rallied almost 40% so far this year, according to Katie Stockton, founder and managing partner at Fairlead Strategies. The cryptocurrency saw a new short-term “sell” s…
Major U.S. stock indexes closed higher Thursday, with the S&P 500 ending at 7-week highs after the official scorecard of the American economy showed a strong 2.9% annual rate of growth for the fourth quarter of 2022. The Dow Jones Industrial Average r…
Oil futures finished higher on Thursday, a day after U.S. prices posted a modest rise. “China’s reopening is bullish for commodities, full stop,” said strategists at RBC Capital Markets. Oil traders are also looking ahead to a committee meeting of majo…
December 31, 2022 to December 31, 2023
To monitor the NPS of the GCash app, use cases, and features and to determine the level of satisfaction of our customers with GCash and the products within the app.
The post GCash NPS Survey 2023 (Feature Card) ap…
The Philippine Stock Exchange, Inc. (PSE) received a 4 Golden Arrow recognition from the Institute of Corporate Directors (ICD) at the ACGS Golden Arrow Awards held on January 20, 2023. The Golden Arrow recognition is given to Philippine publicly listed companies (PLCs) that meet the score requirement for each of the five levels of performance…
Seven major banks, including Bank of America, JPMorgan Chase, and Wells Fargo, have reportedly teamed up to launch a digital wallet that will compete with other third-party wallet providers such as Paypal and Apple Pay. Big Banks to Launch a Digital Wallet Bank of America, JPMorgan Chase, Wells Fargo, and four other financial institutions behind […]
While the DeFi market has continued to mirror the crypto market rally, more innovations have been introduced to the ecosystem. In today’s news, SushiSwap, the sixth-largest decentralized exchange (DEX) by 24 hours trading volume, has passed a proposal to relocate 100% of its trading fees to the SushiSwap treasury for maintenance and expenses. Related Reading: SushiSwap Head Chef Suggests Cooking Up New Token Model – Will The DEX Survive 2023? SushiSwap Introduces New Update This new update comes after CEO Jared Grey voiced warnings that the exchange treasury stability is numbered as it has “only 1.5 years of treasury runway left,” despite having cut down the annual operating expenses from $9 million to $5 million during the ongoing crypto winter. According to a presented governance proposal by the developers of the SushiSwap decentralized exchange, which was passed on January 23, the SushiSwap exchange will now extend the usage of trading fees by redirecting them to the exchange’s treasury to enhance the operation and maintenance of the exchange over the next one year. The proposal noted, “Revenue to the treasury will be 50% ETH and 50% USDC, with a projection of ~$6m being earned over the next year if this proposal were to pass.” In another proposal passed the same day, approximately 99.85% of voters voted in favor of “clawing back” 10,936,284 unclaimed SUSHI ($14.8 million) tokens to be rewarded to early liquidity providers during the DEX’s launch in 2020. SushiSwap Painful Loss And Recovery Undoubtedly the crypto winter hit most projects in the industry, including DeFi platforms such as SushiSwap. Last December, SushiSwap CEO Jared Grey revealed that the DEX experienced a $30 million loss over the past 12 months on incentives for liquidity providers (LPs). To counter that loss and initiate recovery, Grey revealed plans to refine SushiSwap’s tokenomics so that LPs are no longer bankrolled with emissions and redesign the complete model of bootstrapping liquidity on the exchange. The “Kanpai” governance proposal, which aims to relocate trading protocol fees to the treasury, was also referred to by Grey when illustrating the plans to update the SushiSwap exchange. “Put simply, it (Kanpai) allows the protocol to rebuild its cash reserves to continue to pay competitive wages, pay for critical infrastructure, & to diversify its Treasury with funds collected in the base pairs of assets, like ETH, stablecoins, etc. Kanpai is a temporary solution,” Grey stated. Related Reading: SushiSwap: Deciphering How SUSHI Is Posting Unparalleled Price Growth Speaking of SushiSwap, the protocol’s native token, SUSHI, has been in a rally, following the rest of the DeFi sector. SUSHI has surged by over 40% in the last 30 days; meanwhile, at the time of writing, SUSHI trades at $1.34, down by 1.4% in the previous 24 hours and with a trading volume of $58.6 million in the same period. Featured image from BlockchainReporter, Chart from TradingView
The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen said on Monday that it was very important that Zambia restructure its debt, but Zambia sees it differently. The embassy castigated Yellen’s comments in […]
Grayscale and the United States Securities and Exchange Commission will soon have their oral arguments heard in court regarding the conversion of Grayscale Bitcoin Trust into an exchange-traded fund, according to a court filing dated January 23.
The post Grayscale, SEC will voice oral arguments over GBTC ETF conversion in March appeared first on CryptoSlate.
Should the bill pass the legislature, Arizona voters could choose whether virtual currency is tax exempt as part of a November 2024 ballot measure.
The former chief product officer will receive a healthy severance package, as he departs from his previous role at the exchange.
The price of bitcoin is set to rise in 2023, but crypto and fintech experts chosen by the product comparison web portal finder.com do not believe the leading digital asset will break the $30,000 range this year. Finder’s panel of 56 specialists convened to give their 2023 bitcoin price forecast, and the panelists suggest bitcoin […]
It was suggested that the token could be part of a reorganization that would turn it into a publicly traded, U.S. regulated company.
ETH price struggles to flip $1,700 to support, but key derivatives data show bulls making plans to break through the resistance.
The global cryptocurrency market cap stands at $1.05 trillion, representing a 0.19% increase in the last day. As the cryptocurrency market continues to rally, altcoins are posting incredible gains. For instance, Chiliz’s price is gaining today, reflecting the positive moves of the general market. CHZ’s trading volume has also increased by 82.02% in 24 hours, showing rising interest among investors. CHZ is among the top gainers today, recording an almost 6% increase in value. The asset has outperformed market leader Bitcoin today, which recorded a 0.02% increase in 24 hours. This price increase might support a bull run in the coming weeks. Related Reading: Money Leaves ADA, SOL To Small Cap Altcoins, Here’s Where It’s Headed Some experts have predicted 2023 to be bullish, and the price performance of cryptos so far is leaning toward this prediction. What Is Behind The Chiliz (CHZ) Rally? CHZ acts as a fan token and has always been a community-driven project that relies on voting power from members. The Chiliz project has many lucrative partnerships with soccer giants such as Juventus, Manchester City, FC Barcelona, and Paris Saint-Germain. It equips the club supporters with limited editions of fan tokens. Sports is a lucrative sector worldwide, with fans investing heavily in merchandise and fan tokens to support their favorite teams. The platform’s native token CHZ is the currency for purchasing these fan tokens through smart contracts. These fan tokens are offered in limited supply to preserve their scarcity and uniqueness. The Chiliz development team posted the progressive strides the network has made in 2022 and early 2023 on Twitter. It has formed new partnerships with notable partners such as Italian Serie A teams, MLS teams, and SL Benfica. Also, the Scoville Testnet upgrade launched in 2022 has recorded success in stages 1-5. According to the development team, Stage 6 will launch in 2023. CHZ Price Prediction Where Is it Headed? Chiliz (CHZ) is trading at 0.1461, a 5.29% increase in the token’s value. The Chiliz token is in an uptrend, as the formation of consecutive green candles with higher highs indicates. CHZ is trading above its 50-day Simple Moving Average (SMA) and below its 200-day (SMA). It implies a short-term rally as the bulls seize control of the market. The support levels are $0.130459, $0.133246, and $0.136924, while the resistance levels are $0.143388, $0.146176, and $0.146176. Chiliz has broken its first resistance level of $0.133246 and turned it to support, leading to a positive movement on the charts. The Relative Strength Index (RSI) is at 64.85, showing that Chiliz is close to the buy zone but not in the overbought region. If the bullish pressure sustains, Chiliz will likely surpass its next resistance level soon. The MACD (Moving Average Convergence Divergence) is now above the signal line. It also indicates slight bullish pressure. However, the MACD is still tentative and reflects a possible reversal if the bears seize control. Related Reading: Solana (SOL) Network On Hyperdrive As TVL And NFT Trade Volume Soars Expect CHZ to sustain its gains in the coming days. The asset will likely surpass the $0.14676 level soon. However, if the resistance prevails, it will retrace to the $0.133246 support. Featured image from Pixabay and chart from TradingView.com
Bitcoin miners came under significant pressure during the bear market; however, Blockstream said institutional hosting customers were more “resilient.”
The team lead will determine the “strategic direction” for Treasury’s efforts to develop a digital pound in line with the U.K. government’s agenda.
Ronin (RON) has surged by 20% in the last 24 hours, about two days before its token unlock.
The post Ronin surges by 20% in a day amid upcoming token unlock appeared first on CryptoSlate.
In just the first 17 days of the new year, the Ghanaian currency reportedly depreciated by 12.7%, making it the second worst-performing among Sub-Saharan Africa’s top 15 currencies. While one U.S. dollar bought 13.10 units of the cedi on the parallel market, according to the latest Bank of Ghana data, one greenback buys around 10.36 […]
Solana’s usage data and ecosystem development do not support the recent bullish rally, raising the probability of a SOL price correction.
Definition Future’s open interest is the total amount of funds (USD Value) allocated in open futures contracts.
The post CME exchange sees 84,000 BTC or $2B allocated in futures contracts in last 24 hours appeared first on CryptoSlate.
Bitcoin has continued with its bullishness as it surged its price above the USD$23,000 level, a positive signal amid miners reduced the sales of their mined coins. On-chain flows flagged by Bitifinex analysts indicate that the amount of Bitcoin moved from Bitcoin mining addresses to wallets owned by cryptocurrency exchanges has declined to multi-year lows. Selling Power Low, Favorable For A BTC Rally As per a Bitfinex analyst, Bitcoin miner sales are at a three-year low. The report claims that the selling could be a sign that Bitcoin miners are in the mood to accumulate coins as they expect the surge of prices of the flagship cryptocurrency. The declined Bitcoin sales from mining companies mean low selling pressure from these market actors. Therefore, it signals bullishness for the broader market. Related Reading: Bitcoin Reaches One-Month High As Mini Bull Run Continues The analysts, however, stated that the recent uptick in Bitcoin price might witness a correction as investors try to recoup their profits amid the current price surges. The analysts identified large wallet sizes (>$1M) as the majorly responsible for accumulating Bitcoin. They further said such wallets, as well as major market actors, are the ones creating the buying pressure that comes after the FTX saga and a series of bearish events generally witnessed last year. The analysts mentioned that since the second week of January, the numbers of wallets with $1,000 and $10,000 worth of Bitcoin have increased. The analyst further acknowledged that the trading activities of retail investors had accompanied the uptrend. According to the figure above, the current low Bitcoin selling pressure coincided with the lowest sales in November last year. The current low level signals a green (bullish) indicator for the cryptocurrency. When miners sell more BTC, it implies a bearish for the coin value. Conversely, when mining firms don’t have the selling urge, this suggests a bullish trend for the crypto market. Related Reading: Bitcoin Mining Stocks In Solid Gains As Crypto Market Rallies Today’s Bitcoin Price Bitcoin has surged its value by almost 40% this month, trading at $22,909, up 1.48% on Tuesday. The crypto is trading at levels not witnessed since the downfall of the FTX exchange. BTC volume stands at about $26.82 billion, an increase of 12.78% in the past 24 hours, as per Coinmarketcap. As highlighted above, the rise in Bitcoin value could be attributed to whales committed to accumulating coins amid surging prices. The bullish trend is also seen in the global crypto market capitalization, which is trading at a higher level, around $1.06 trillion, up 1.27% in the last 24 hours, according to Tradingview. Featured image from Unsplash, Chart from TradingView.
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.
New data indicates Binance’s stablecoin, BUSD, has been undercollateralized at times by more than $1 billion. Yet, few have questioned CEO Changpeng Zhao.
On-chain data shows Bitcoin has broken above these three key levels in a manner reminiscent of the rally in April 2019. Bitcoin Breakout Shows Initial Similarities To April 2019 Rally According to data from the on-chain analytics firm Glassnode, BTC has broken above the three investor cost-basis levels for the first time since the COVID-19 crash and the 2018-2019 bear market. The relevant indicator here is the “realized price,” to understand the concept of the “realized cap” it needs to be looked at first. The realized cap is a capitalization model for Bitcoin that assumes that each coin in the circulating supply has its real value as the price at which it was last moved rather than the current BTC price (which the normal market cap uses for its calculation). Now, from the realized cap, a “realized price” can be obtained by dividing the metric by the total number of coins in circulation. Since the realized cap accounted for the prices at which investors bought their coins (which is to say, their cost basis), the realized price can be thought of as the average acquisition price in the market. This means that if the normal price of Bitcoin dips below this indicator, the average holder can be assumed to have entered a state of loss. While this realized price is the average cost basis for the entire market, the metric can also be defined for only specific groups of investors. The BTC market can be divided into two primary cohorts: short-term holders (STHs) and long-term holders (LTHs). Investors who bought their coins within the last 155 days fall into the STHs, while those holding them since before that threshold are included in the LTHs. Related Reading: Dogecoin Whale Transfers $5M In DOGE To Coinbase, Bearish Signal? Here is a chart that shows the trend in the Bitcoin realized price for the entire market, as well as for these two holder groups separately, over the last few years: BTC seems to have broken above all these levels recently | Source: Glassnode on Twitter As the above graph shows, Bitcoin had broken above the STH cost basis and the entire market’s realized price earlier in the latest rally, suggesting that the average STH and the overall average investor was back in profit. In the most recent continuation to the rally, the crypto has now surged above the LTH cost basis of $22,400. This means that the average investor in every segment is now in the green. Related Reading: Bitcoin Puell Multiple Starts To Leave Bear Market Zone, Bull Rally Here? The last time Bitcoin displayed a breakout above all these levels was following the black swan COVID-19 crash, which had briefly taken the coin below these prices. A similar trend also formed in April 2019, when the bear market of that cycle ended, and a bullish transition took place. Though it’s early to tell right now, this similarity between the two rallies could hint about the path that the current one might also end up following. BTC Price At the time of writing, Bitcoin is trading around $22,900, up 8% in the last week. Looks like BTC has been moving sideways in the last few days | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com
Web3 infrastructure firm Quicknode raised $60 million in a Series B funding round, according to an announcement the company made on Tuesday. The capital injection brings the company’s post-valuation to $800 million, and Quicknode says the funds will be used to “further fuel blockchain adoption.” Quicknode Aims to Streamline Web2 to Web3 Movement With $60 […]
Apple’s rumored VR headset launch appeared to fuel a sharp rally in metaverse tokens, but data suggests that the momentum is unsustainable.
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.
Quick Take As the global world is facing extreme inflation, central banks are trying to reign in inflation by decreasing their balance sheets (quantitative tightening) and increasing interest rates.
The post Bitcoin is acting as a liquidity indicator for central bank balance sheets appeared first on CryptoSlate.
With the crypto market rally, altcoins have benefitted just as much as bitcoin. Digital assets across the space have been able to return to their pre-FTX collapse levels, signaling the start of a bull run. However, as the market begins to settle into this new normal, investors are moving gains around from larger cap assets to take advantage of possible price movement in smaller altcoins. Cycling Out Money To Small Cap Altcoins A recent report from on-chain data aggregation website Santiment shows that investors may be moving money out of larger cap coins such as Cardano and Solana and moving to small cap coins. This paints a picture of a rotation of funds rather than outright pulling money out of the crypto sector. Related Reading: Bullish Indicator: Bitcoin Shakes Off Genesis Bankruptcy Filing Santiment notes that the large gains recorded by the likes of Solana, Cardano, and Polkadot are now being moved into smaller altcoins. Most of these coins are top 200 and below tokens with market caps lower than $300 million. The cycling of funds into these smaller altcoins is shown by their address activity. The image shared by Santiment shows a significant uptick in the address activities of these coins. Most notably, the uptick was seen from last week as a lot of these larger cap coins hit new local peaks. Money flows out from large cap to small cap altcoins | Source: Santiment The small cap coins mentioned in the report are TRADE, RBN, SLP, PLSPAD, POND, MITX, MTH, and CBG. Most of these are coins flying under the radar. Ribbon Finance (RBN) which is the most prominent on the list is only at a $139.7 million market cap but has risen 24% in the last seven days. What Happens To These Tokens? The tokens mentioned by Santiment are still small enough that they can see prominent movement with just a fraction of the amount needed to move the prices of the likes of SOL and ADA. This means that if this rotation of gains from large caps to small cap altcoins continues, then these tokens could see positive movement in the coming days. Related Reading: Crypto Analyst Says Bitcoin Price Could See Another 30% Rally However, for coins with such low market caps, just as it is easy to pump their prices, it is also just as easy to drag their prices down with sell-offs from a few large holders. It becomes a double-edged sword for investors who follow the movement. On one hand, it could mean very large gains in a short time, but on the other hand, could see them lose money fast. A good thing about this though is that attention is being spread out instead of just focusing on a handful of coins. As wallet activity rises for these altcoins, it could trigger exploration into similarly priced altcoins which could benefit from new interest. Crypto market cap crosses $1 trillion as investors move money around | Source: Crypto Total Market Cap on TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from MARCA, chart from TradingView.com
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the reasons behind the latest crypto pump.
Bitcoin (BTC) has shown the highest return since October 2022 and has the best January in 10 years in monthly returns.
The post Bitcoin continues price rally, posts best January returns since 2013 appeared first on CryptoSlate.
Avalanche moved to a multi-month high on Jan. 24, after reports that the number of bitcoin on its network rose to 5,493. The news saw the token surge by nearly 5% today, rising for a third straight session in the process. Polygon also moved higher on Tuesday, hitting a one-week high. Avalanche (AVAX) Avalanche (AVAX) […]
Short-term and long-term investors alike are back in the black, with Bitcoin undecided on where to go next.
Input Output CEO Charles Hoskinson said the transient nature of the Cardano node anomaly makes it challenging to pin down the exact cause.
The post Hoskinson reassured by Cardano ‘self healing’ following node anomaly appeared first on CryptoSlate.
Solana (SOL) is on hyperdrive as the network quickly gains momentum in terms of liquidity which are seen at more than 300% as of press time. Following a sweeping price decline, Solana has turned the tide with metrics with flying colors. Here’s a quick glance at SOL performance of late: SOL metrics and trustworthiness score looking positive Solana’s TVL seen to jump higher Solana rolls out Saga Pass Cards There is sizeable growth seen both in terms of NFT with the rollout of the Saga Pass Cards and market cap. Solana was seen to nosedive the past couple of weeks, but it’s now back on the top 10 cryptocurrencies list that is stacked at the green lane. Related Reading: Aptos Climbs 75% – What Keeps APT In The Green In Last 7 Days SOL Price Gaining Traction According to price monitoring by Coingecko, SOL price is currently trading at $24.28, up 3.0% in the last seven days. Evidently, following the FTX crash, short-term traders and the bulls were fixated on SOL which unlocked roughly 100 million coins from different contacts which could have punched a hole in the market, driving the price of SOL to null or $0. But, that didn’t happen as SOL holders chose to hold out their coins waiting for better days and not panic and sell their SOL holdings. True enough, the market gained traction and recovered with most assets moving north, including SOL which made the investors extremely happy with the gains. SOL total market cap at $8.9 billion on the daily chart | Chart: TradingView.com With this hypergrowth happening with Solana, the investors decided to accumulate longs which triggered SOL’s open interest to accelerate higher. As a matter of fact, around $460 million worth of orders is currently open at crypto derivative exchanges. Could this be bad news for SOL? Now, the open interest really isn’t the culprit here as it can’t really pull SOL price down but it’s the increased number of longs that could trigger a squeeze brought about by SOL holders rapidly selling their holdings to counterpunch future risks. On the brighter side, nothing is set in stone and SOL holders and investors need not panic right now as SOL has not gained much momentum yet to trigger millions in the liquidation of assets. SOL Currently In No. 2 Spot On Top Chains List SOL is performing so well that it managed to jump to the second spot on the top chains list in terms of NFT trade volume seen in the past month. SOL’s NFT trade volume is seen to spike and gain momentum in the past couple of weeks. Top chains by NFT volume (30 days) 🥇@ethereum 🥈@solana 🥉@0xPolygon 4️⃣@Immutable 5️⃣@Cardano 6️⃣@flow_blockchain 7️⃣@BNBCHAIN pic.twitter.com/trNHUxk1fB — Delphi Digital (@Delphi_Digital) January 21, 2023 Solana Mobile has announced that they would be rolling out new cards on rotation. Basically, the first card is exclusive only to holders of the OG Saga Pass, and then a random card will be introduced every week. Additionally, the Saga Pass Card Collection is set to be verified via MagicEden real soon. SOL TVL. Image: Defillama Related Reading: ApeCoin Buckles As News Of Stolen BAYC NFT Hits The Market Meanwhile, according to DeFiLlama’s numbers, the total value locked in the network has been on the rise since the start of the year, which is encouraging. Featured image by Manula.com
To this day, the exact identity of Satoshi Nakamoto remains a mystery.
A Washington, D.C., townhome tied to FTX co-founder Sam Bankman-Fried has been listed on the market for roughly $3.28 million. The property was purchased by Bankman-Fried’s brother’s nonprofit, Guarding Against Pandemics, for the same price it is selling for today. FTX Co-Founder’s Luxury Property Suspected to Have Been Used for Wining and Dining Political Elite […]
100% of trading fees on the platform will soon be redirected to the SushiSwap treasury for maintenance and expenses.
ETH’s price has repeatedly failed to break above key trendline resistance, and now Ethereum risks losing strong technical support as well.
The crypto industry isn’t unique in facing a developer shortage, but it can develop some unique solutions to the problem.
USD Coin (USDC) founder Circle attended the World Economic Forum (WEF) to explain “why USDC is a dollar with super powers.” The WEF took place between January 16 and January 20, 2023, in Davos and hosted over 1,500 industry leaders as well as government representatives from around the globe.
The post Circle says USDC ‘is a dollar with super powers’ at WEF, pushes for more inclusion appeared first on CryptoSlate.
European law enforcement authorities have detained four more members of the team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with various criminal activities. Bitzlato Senior Management Targeted in Europe, Exchange Infrastructure Dismantled High-ranking executives of the recently busted Bitzlato have […]
>>> Read the full story at Cointelegraph.com News
Definition The total BTC balance and 30-day net balance change for Coinbase, Kraken and Gemini.
The post Over 500K BTC left Gemini, Kraken, Coinbase in 13 months – more than any other exchange appeared first on CryptoSlate.
The Bored Ape Yacht Club NFT collection has been the target of an exploit this January 20th. FranklinIsbored, one of the biggest holders of BAYC NFTs, is targeted with an exploit of OpenSea’s stolen ApeCoin policy which allowed the attacker to sell a marked Bored Ape. This Bored Ape was marked as “under review for suspicious activity” which supposedly locks the NFT from being sold. Franklin has been the target of this exploit for the second time this week with the first one being January 20. Hey @opensea can you PLEASE fix your stolen ape policy? This ape with a yellow caution mark sold to my OpenSea WETH offer for 65 WETH. You collected 1.625 WETH in fees, and I cannot resell this ape. It was already marked before the sale happened. You have failed with this policy. pic.twitter.com/jGO9sClKbi — Franklin (@franklinisbored) January 20, 2023 Since then, ApeCoin, the native token of the Bored Ape Yacht Club ecosystem, has fallen 1.3% in value in the past 24 hours. APE is currently trading at $5.80, up 16.6% in the last seven days, data from Coingecko show. The Gist Of The Situation The two exploits happened within three days of each other. According to Franklin’s tweets, the flagged apes can’t be sold since they are subjected for review. These stolen assets shouldn’t have been sold in the open market according to OpenSea’s stolen item policy. The exploit works as the attacker uses OpenSea’s “Match Advance Order” system to “Mint” and sell it to Franklin. According to recent news, the total amount of Bored Ape and Mutant Ape NFTs being stolen has now reached nearly $20 million. It happened again – second time in a week someone has exploited OpenSea’s stolen ape policy to sell to my collection offer after it was already marked as “under review for suspicious activity” (yellow mark). They used a “Match Advanced Order” function to “Mint” and sell to me. pic.twitter.com/21hijgtUse — Franklin (@franklinisbored) January 22, 2023 OpenSea has not been transparent with the amount of stolen NFTs on the platform. Beetle, a self-described on-chain sleuth, has recently released charts of the platform’s number of stolen NFTs. In total, 1,278 NFTs have fallen in the hands of cyber-thieves within the platform. The NFT marketplace has not responded since the news hit the market. Bored Ape. Image: Forbes ApeCoin Still Showing Potential Even with the negative news surrounding BAYC, the token is still poised to see gains in the coming days. At the time of writing, the charts show that ApeCoin bulls are able to break through the $5.867 resistance. For the bullish momentum to continue, the token should close today above its current resistance which would give the bulls a chance to move upwards. However, if the resistance holds, a retest of the $5.063 support could occur in the coming days. Related Reading: THETA Breaches $1 Level Courtesy Of Solid On-Chain Developments Crypto total market cap now showing signs of strength and reclaims the $1 trillion territory | Chart: TradingView.com Related Reading: Aptos Climbs 75% – What Keeps APT In The Green In Last 7 Days The token also has a strong correlation with Bitcoin which is retesting the $23,000 resistance. If Bitcoin closes above this crucial $23k resistance, ApeCoin will have the boost needed to grab its September 2022 price levels. For now, investors and traders should focus on breaking through ApeCoin current resistance as a breakthrough on this level would mean more gains in the medium and long term. -Featured image from African Wildlife Foundation
In recent months, four countries that had previously initiated major CBDC pilot programs have scrapped their adoption plans altogether.
World’s largest crypto exchange Binance has acknowledged that it has mistakenly stored token reserves and user funds in the same wallet, according to a Bloomberg report.
The post Binance mixes user funds with B-Token collateral by ‘mistake’ appeared first on CryptoSlate.
Like other blockchain developers, QuickNode is pivoting sharply into Web3 — a sector that has attracted keen venture capital interest.
The Fountain podcasting app announced a partnership with ZEBEDEE to allow podcast creators and listeners the ability to earn Bitcoin for their time spent with content.
Cryptocurrencies continued to consolidate recent gains on Jan. 24, as markets prepared for a big week of U.S. economic data. Gross domestic product (GDP) figures for Q4 2022 will be released on Thursday, followed by consumer sentiment data the day after. Ethereum also secured recent gains in today’s session, with prices nearing a move below […]
On this episode of Decentralize With Cointelegraph, the team reflects on their week in Davos covering the World Economic Forum as crypto and TradFi continue to collide.
Binance previously said the firm’s corporate holdings are recorded in separate accounts and should not form part of the proof-of-reserves calculations.
Successful investors in the bear market turn to advanced machine learning algorithms and news indicators for trade opportunities.
Members of the Sushi DAO have passed a proposal seeking to retrieve about 6.2 million SUSHI tokens to the Treasury, from early liquidity providers who are yet to claim their rewards.
The post SushiSwap receives approval to clawback 6.2M SUSHI to Treasury appeared first on CryptoSlate.
Data shows a Dogecoin whale has deposited more than $5 million in the crypto to Coinbase. Here’s what it may mean for DOGE’s price. Dogecoin Whale Sends 57 Million DOGE To Crypto Exchange Coinbase As per data from the crypto transaction tracker service Whale Alert, a massive Dogecoin transaction has taken place on the blockchain today. In total, this transfer involved the movement of 57,056,400 DOGE, worth upwards of $5 million at the time the transaction was sent. Since the amount here is so large, the entity behind the transfer is likely to be a whale, or at least a group made up of multiple large investors. Due to the sheer volume of tokens involved in transactions like these, they can sometimes cause noticeable ripples in the price of the asset. But what change may potentially be produced in the crypto’s value from such a movement of coins depends on several factors, with the exact intent behind the transaction being the main one. Related Reading: Bitcoin Puell Multiple Starts To Leave Bear Market Zone, Bull Rally Here? Here are some specifics surrounding the latest Dogecoin whale transaction, which may shed some light on why the investor decided to make this move: Looks like the holder only had to pay a small fee of $0.21 for this massive transfer to be possible | Source: Whale Alert As can be seen above, the sending address for this Dogecoin transaction was an unknown address, which is a type of address that’s unattached to any known centralized platform, and thus is likely a personal wallet. The receiver in this case was an address affiliated with the crypto exchange Coinbase. Note that the transaction details show there being another receiver present for this transaction, with the total amount of the transfer being almost $10.5 million. But on closer inspection, it’s clear that it’s just the same address as the sender, meaning that this output is only showing the amount still remaining in the original wallet (that is, a bit more than $5.3 million, as $5.1 million went towards Coinbase). Related Reading: Bitcoin Bullish Signal: Whales Go On $1.4B Buying Spree A transaction like this where coins move from a personal wallet to an exchange is called an exchange inflow. Investors usually deposit to exchanges for selling purposes, so inflows can have bearish implications for the price of the meme coin. If this Dogecoin whale truly made this transfer with the intent to sell on Coinbase, then DOGE may feel a negative effect from it. Data from WhaleStats, however, shows that the crypto was in the top 10 most bought tokens by the largest BNB Smart Chain (BSC) whales just yesterday. JUST IN: $DOGE @dogecoin now on top 10 purchased tokens among 100 biggest #BSC whales in the last 24hrs 🐳 Check the top 100 whales here: https://t.co/0SYnjw0xQs (and hodl $BBW to see data for the top 4000!)#DOGE #whalestats #babywhale #BBW pic.twitter.com/G6RCR4INnt — WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) January 23, 2023 Such accumulation from whales can generally be bullish for the price, so depending on the scale of these purchases, they can make up for any possible selling pressure today’s whale may cause. In such a scenario, Dogecoin would likely not feel any impact from the exchange inflow. DOGE Price At the time of writing, Dogecoin is trading around $0.0889, up 5% in the last week. The value of the crypto seems to have climbed up in recent days | Source: DOGEUSD on TradingView Featured image from Richard Sagredo on Unsplash.com, chart from TradingView.com
Anyone can make money trading Bitcoin and other cryptocurrencies thanks to Bitcoin Loophole, a well-known automated trading platform.
According to South Africa’s Office of the FAIS Ombud, an independent dispute resolution office, individuals with crypto-related grievances that occurred after Oct. 19, 2022, can now formally submit such complaints on the agency’s website. However, the Office of the FAIS Ombud insisted that all complaints that occurred before crypto assets were designated financial products will […]
80% of UNI holders voted to support the deployment of the Uniswap protocol’s v3 to BNB Chain, while the remaining voters voted against the move.
The bill is set to underpin a putative new central bank digital currency , financial services commissioner Mairead McGuinness said
Binance CEO Changpeng (CZ) Zhao alleged during a Twitter space talk that FTX paid $43 million to a crypto news outlet that regularly publishes negative articles on Binance, CZ claimed that traders with short positions look to “generate negative news” to better their trades.
The post CZ alleges FTX paid $43M to news organization to publish Binance FUD appeared first on CryptoSlate.
Eli Lilly & Co. LLY said Tuesday it’s planning to invest an additional $450 million in a manufacturing site at Research Triangle Park in North Carolina and will create at least 100 jobs. The news comes at a time when many companies are laying off staff…
Shares of General Electric Co. GE fell 2.2% in premarket trading Friday, after the industrial conglomerate reported fourth-quarter profit, revenue and free cash flow (FCF) that beat expectations, but provided a downbeat earnings outlook. GE’s report wa…
Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit.
Taxing capital gains, mining or crypto transactions are all being examined to fund the bloc’s $185 billion annual spending.
The Food and Drug Administration is recommending that the U.S. should decide each June what SARS-CoV-2 strains should be included in an annual fall booster shot. Doing so would allow updated COVID-19 vaccines to be ready for distribution “no later than…
SEC Commissioner Hester Peirce called for the crypto industry to attempt to solve issues that plagued it during 2022 without waiting for regulators to act.
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Gemini Earn customers face a potential $485 million shortfall in their bid to be made whole following the Genesis bankruptcy.
The post Gemini Earn customers face potential $485M shortfall in Genesis bankruptcy case appeared first on CryptoSlate.
The vote in the European Parliament’s Economic and Monetary Affairs Committee is intended to anticipate international bank-capital norms.
Serious BTC short liquidations are just a stone’s throw away, but Bitcoin has so far failed to beat resistance.
Switzerland-based private bank Cité Gestion has reportedly teamed up with Taurus technology to tokenize and manage its company shares on the Ethereum blockchain.
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The separate proposals passed in the past two days by Sushi community voters are part of a broader plan to ensure the project’s longevity.
Bitcoin looks north, with further gains hinging on sentiment in traditional risk assets, one analyst said.
Web3 venture builder Chainway launched a new protocol called “Proof of Innocence” on January 18, which allows Tornado Cash (TORN) users to benefit from extra anonymity while proving that their funds are not stolen.
The post Chainway launches Proof of Innocence protocol for Tornado Cash users appeared first on CryptoSlate.
The Bitcoin price is up 40% year-to-date (YTD) and has recaptured the $23,000 level. However, with ongoing concerns around DCG and Grayscale as well as macroeconomic uncertainties, many investors doubt the sustainability of the recent price rally. With higher prices, motivation among investors may be increasing to use the current price level to exit and gain liquidity, especially after the long and painful bear market in 2022, as Glassnode discusses in its report. The renowned on-chain analysis firm examines in its newest research whether Bitcoin’s recent bounce above the price it has last seen before the FTX collapse is a bull trap or if indeed a new bull run is on the horizon. Bitcoin On-Chain-Data Suggests Glassnode notes in its report that the recent price spike in the $21,000-$23,000 region has resulted in the reclamation of several on-chain price models, which has historically meant a “psychological shift in holder behavior patterns.” Related Reading: Bitcoin Weekly RSI Reaches Line Between Bear & Bull Market The company takes a look at the Investor Price and Delta Price, noting that in the 2018-2019 bear market, prices stayed within the confines of the Investor-Delta price band for a similar amount of time (78 days) as they currently do (76 days). “This suggests an equivalency in durational pain across the darkest phase of both bear markets,” Glassnodes states. In addition to the duration component of the bottoming phase, Glassnode also points to the compression of the investor delta price range as an indicator of the intensity of market undervaluation. “Considering the current price and compression value, a similar confirmation signal will be triggered when the market price reclaims $28.3k.” Regarding the sustainability of the current move, the analysis notes that the recent rally has been accompanied by a sudden increase in the percentage of supply in profit, rising from 55% to over 67%. This sudden increase in 14 days was one of the strongest swings in profitability compared to previous bear markets (+10.6% in 2015 and 8.3% in 2019), which is a bullish signal for Bitcoin. Following last year’s capitulation events, when a majority of investors were pushed into a loss, the market has now transitioned to a “regime of profit dominance,” which Glassnode says is “a promising sign of healing after the strong deleveraging pressure in the second half of 2022.” Less bullish, however, is the selling pressure from Bitcoin short-term holders (STHs), traditionally “an influential factor in the formation of local recovery (or correction) pivots.” The recent surge has pushed this metric above 97.5% in profit for the first time since its November 2021 all-time high, massively increasing the likelihood of selling pressure from STHs. Long-term Bitcoin holders (LTHs) have risen back above the cost basis at current prices after 6.5 months, which is at $22,600. This means that the average LTH is now just above its breakeven base. Indeed, the current trend indicates that the bottom could be in: Considering the time length of LTH-MVRV traded below 1 and the lowest printed value, the ongoing bear market has been very comparable with 2018-2019 so far. Glassnode also states that the volume of coins older than 6 months has increased by 301,000 BTC since the beginning of December, proving the strength of the HODLing conviction. Related Reading: Bitcoin Price Gearing For Another Lift-Off and Might Surge To $25K On the other hand, miners have used the recent price spike to boost their balance sheets. Miners have spent about 5,600 BTC more than they have received since January 8. In conclusion, the research firm says that it is not yet possible to make a final judgment on whether the next bull market is imminent or whether the bulls are heading into a trap: [H]igher prices and the lure of gains after a prolonged bear market tend to motivate supply to become liquid again. […] On the contrary, supply held by long-term holders continues to increase, which can be taken as a signal of strength and conviction […]. At press time, the Bitcoin price stood at $23.085, remaining relatively calm after the recent spike. Featured image from iStock, Charts from Glassnode and TradingView.com
Data sourced from Etherscan indicates that the exploiter first swapped 95,360 ETH worth roughly $157 million on DeFi Aggregator OpenOcean and then transacted smaller amounts capital through several decentralized finance (DeFi) protocols such as Kyber N…
El Salvador’s president Nayib Bukele criticized “legacy international news outlets” for failing to cover his country’s repayment of its $800 million bond debt in a January 23 Twitter thread.
The post El Salvador President criticizes ‘legacy’ media outlets’ unfair coverage appeared first on CryptoSlate.
Policymakers in the United Kingdom are divided on whether the sale, marketing and distribution of derivatives and exchange-traded notes, tied with crypto, should be banned.
Crypto lender BlockFi — having filed for bankruptcy weeks after the collapse of FTX — is planning to sell around $160 million of Bitcoin (BTC) miner-backed loans, Bloomberg reported.
The post BlockFi plans to sell $160M worth of BTC miner-backed loans appeared first on CryptoSlate.
Securities and Exchange Commissioner Hester Peirce highlighted that despite a very bad year, there are lessons for the crypto industry to learn.
Ethereum (ETH) core developers successfully launched the shadow fork for the Shanghai update on January 23.
The post Ethereum developers deploy Shanghai upgrade ‘shadow fork’ appeared first on CryptoSlate.
Ton Blockchain (TON) validators will vote on suspending inactive miner wallets starting February21, 2023, according to a company press release.
The post TON validators to determine suspension of inactive miner wallets appeared first on CryptoSlate.
Layer two networks are gaining popularity among users and developers, particularly Polygon, Optimism, and Arbitrum.
The post Polygon Takes Lead as Ethereum Layer 2 Networks Experience Surge in Daily Users – Report appeared first on BitPinas.
Buying pressure remains spot-driven, but prices are easily movable due to relatively lower liquidity, analysts at Bitfinex said in a Tuesday note.
Meme coin forerunner, Dogecoin, opens the week with a new rally amid Robinhood’s support. Reports reveal that several whales jumped on the positive market sentiment to accumulate massive amounts of DOGE, triggering a 5% rally in the last day. According to WhaleAlert, Whales packed more than 500 million Dogecoin over the past two days. The tracker revealed that the largest holder of Dogecoin also partook in the accumulation and bagged almost 165 million DOGE coins. In addition, a top 20 whale also transferred 150 million Dogecoin tokens worth more than $13 million in the past 24 hours. Related Reading: Crypto Analyst Says Bitcoin Price Could See Another 30% Rally Robinhood Plans To Add Support For Dogecoin Robinhood Market is very influential both in the financial and crypto markets. The zone-free trading platform gave initial rollouts of its new wallet to 10,000 users in September 2022. The mobile wallet application would allow users to trade and send cryptocurrencies and NFTs. According to the announcement, the wallet would be available to over 1 million waiting users. But the wallets didn’t appear with initial support for DOGE, raising concerns among the meme coin community. However, the Robinhood platform assured the Dogecoin community that they are working hard to ensure the wallet app would support Dogecoin soon. Meanwhile, Robinhood’s main trading app already supports Dogecoin. In August 2021, the platform revealed that DOGE yielded up to 62% of the firm’s revenue in the year’s second quarter. As of then, Dogecoin gave Robinhood more revenue than Bitcoin and Ethereum. Related Reading: Dogecoin Price Technicals Suggest DOGE Must Clear $0.920 For Another Rally One of the features in the wallet that would greatly benefit crypto users is zero network fees for cryptocurrency trading. That explains why the market sentiment became positive around the news of the firm’s Dogecoin support. Data shows that Robinhood-linked wallet addresses hold the most significant DOGE tokens. For example, a Robinhood wallet named DPDLBA is the largest Dogecoin holder, with nearly 25.21% of the total supply. It has 34.76 billion Dogecoin worth $3.1 billion, while the second largest holder has 7.08 billion DOGE, about 5.14% of the total supply. The top 100 and 500 largest BSC whales are also making a move. As per data from WhaleStats, DOGE emerged as the top 10 purchased tokens among the 100 BSC whales in the past day. In addition, the memecoin coin also appeared among the top 500 biggest BSC whales. DOGE Price Surges – Is There Any Hope For More Rallies? Amid the whale accumulation, the DOGE coin price rallied 3.4% in the past 24 hours. It now trades at $0.9001 with a low of $0.8604 and a high of $0.9289. The technical and social sentiment indicators suggest a slight upward movement to $0.095 over the next few days. But, given the current market conditions, a rise above $0.1 seems unattainable. However, the meme coin has seen some good days since January. It has been on the upward trend over the last weeks, with a 14-day price surge of 21.8%. Featured image by The Pigeon Express
The private bank is partnering with digital assets firm Taurus to issue and manage its tokenized shares.
When it comes to age groups, boomers spend 50% more time doing their own research and HODL for a longer time than the younger generations.
Some 12,000 new crypto wallets have bought the memecoin Shiba Inu according to research from analytics firm Nansen.
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Enjoy Buy Load vouchers when you activate and top-up your new GOMO SIM from GLife.
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Today’s top crypto jobs Philippines listings from Xurpas, Playdex, Cloudchain and more. Find out more web3 jobs and remote roles in BitPinas.
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