Bitcoin Outperforms Tesla Stock in 2022 Despite 60% Price Correction

Growth stock Tesla has come under huge selling pressure correcting 72% year-to-date and giving a lead to Bitcoin. Some market analysts believe that the bear market in crypto is far from over and there’s more pain to come ahead. The world’s largest cryptocurrency Bitcoin (BTC) has witnessed one of the most brutal price corrections in history while collapsing 66% year-to-date. Currently, the BTC price has been struggling enough to move past the $17,000 level. But as we know, Bitcoin has been closely following the US equity market wherein growth stocks…

Fiji elects pro-Bitcoin prime minister Sitiveni Rabuka

A newly elected pro-Bitcoin Prime Minister has taken office in the Pacific Islands of Fiji. The new leader, Sitiveni Rabuka, took the Fijian office on Dec. 24.  Lord Fusitu’a, a Tongan noble and a former member of the Tongan parliament, took to Twitter to share the news from his neighboring nation. Fusitu’a stated that he had explained to Rabuka, step by step, “how Fiji can do Bitcoin legal tender like Tonga,” and there could be two “Legal Tender Bills for the Pacific in 2023.”  A new pro-#Bitcoin friendly Prime Minister…

Ethereum Price Lacks Momentum Above $1,200: Why Bears Are Comfortable

Ethereum started a fresh decline below the $1,200 zone against the US Dollar. ETH might correct higher, but the bears could remain active near $1,230. Ethereum extended its decline and traded towards the $1,180 support zone. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $1,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but upsides might remain capped near the $1,210 and $1,230 levels. Ethereum Price…

Alameda wallets funnel over $1.7M via crypto mixers overnight

30 cryptocurrency wallets linked to Alameda Research, the bankrupt sister company of crypto exchange FTX, became active on Dec. 28 following four weeks of inactivity. These wallets swapped and mixed over $1.7 million worth of crypto assets through various crypto-mixing services. Crypto mixers are often used by market exploiters and criminals to obscure the transaction path so that the funds cannot be traced to the original source. As Cointelegraph reported on Dec. 28, the sudden movement of funds from Alameda wallets just days after Sam Bankman Fried was released on…

CEO Emilian Ciocanea on GoldFever, and How it Blends Realism and Skills to Offer a Fresh P2E Experience

GoldFever is a play-to-earn game that stands apart from the rest by offering a completely new gaming experience in combination with plenty of monetization opportunities. We recently caught up with GoldFever’s CEO Emilian Ciocanea to learn more about the game. In the interview, Emilian explains their vision and the journey so far. NewsBTC: Hi Emilian, let us begin by introducing you to our readers. Can you please tell us more about the journey that led you to GoldFever? Emilian: First of all, a warm hello to your readers – we…

MicroStrategy Bitcoin purchase divides the crypto community

Software analytics company MicroStrategy recently added more Bitcoin (BTC) to the firm’s holdings. Members of the crypto community had mixed reactions to the move.  In a recent tweet, MicroStrategy’s executive chairman Michael Saylor announced that the firm had made another Bitcoin purchase. The move puts the firm’s total BTC holdings at 132,500 BTC, purchased for a total of $4.03 billion but worth only around $2.1 billion at the time of writing. Many commended the move, while some brought up some potential negative effects. Michael Saylor, you are a rock star.…

Gold-Based Digital Assets Issued in Russia – Bitcoin News

A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first. Russia’s Sber Bank Mints Gold-Backed Coins Sber, Russia’s largest bank, has reported issuing gold-based digital financial assets (DFAs) on its proprietary blockchain. The coins were minted for Solfer, a holding specialized in the processing and trading of metals and making products from precious metals. The…