Day: January 3, 2023

Bitcoin volatility may return in ‘catch up’ with gold in 2023

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Bitcoin (BTC) volatility is declining on schedule but BTC price action could still “play catch up” with gold this year. The latest data and analysis shows that despite sideways moves in Bitcoin, the largest cryptocurrency is behaving as expected. BTC price volatility follows bear market pattern With traders frustrated by a lack of tangible moves on BTC/USD, volatility is under the microscope at the start of 2023. For analytics resource Ecoinometrics, however, there is nothing to worry about — Bitcoin is becoming more stable with time, and this is a…

DeFi Protocol Sushi to Shutter Lending Product to Focus on DEX

As CoinDesk reported, the Sushi treasury provided for only 18 months of runway calculated from the first week of December, causing a significant deficit in its treasury. Lead developer Jared Gray proposed setting Kanpai, a fee-diversion protocol, to 100% of fees diverted to the treasury multisig for one year at the time, or until new token distribution and reward schemes were implemented. Source

It’s 2023 Already and Here Are Some Wild Bitcoin (BTC) Predictions for This Year

As we enter 2023, market players have been giving some extreme predictions for the BTC price from the $5,000 to $250,000 range. The last year of 2022 witnessed one of the harshest crypto winters in the history of crypto markets. The world’s largest cryptocurrency corrected by nearly 60% the last year and many analysts believe that the bottom is not yet in. Some market experts believe that 2023 would be a pretty volatile year for crypto investors and for Bitcoin (BTC) as well. However, the broader market opinion remains very…

Tesla Delivers 1.31M Vehicles in 2022, Up 40% YoY

Even as Tesla had great results in production and deliveries in 2022, the company missed analysts’ expectations in its Q4 numbers. Many companies, including EV giant Tesla Inc (NASDAQ: TSLA), have released reports on their 2022 performance, showing remarkable feats and losses. The electric vehicle maker recently provided the details of its production in the fourth quarter and deliveries for the recently-concluded year. According to the company, the total deliveries in Q4 2022 were 405,278 vehicles, while the total production during the same quarter was 439,701. Specifically, Tesla said deliveries of its…

Top 13 Crypto Telegram Groups in 2023

Telegram is one of the most popular social media platforms among crypto enthusiasts all over the world. Many crypto experts and professional investors have created different crypto telegram channels and groups to help fellow investors. These crypto groups focus on different aspects of cryptocurrency, such as signals, news, pump and dump, airdrops, project listing, technical analysis, etc. Crypto signal groups aim to provide their members with accurate trading ideas from expert traders to buy or sell a particular asset at a specific price or period, while crypto news groups aim…

Morocco finalized crypto regulatory framework: Central Bank

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The Kingdom of Morocco may see its first crypto bill introduced “in the following days.” The document is already written by the Central Bank and will be discussed with the industry stakeholders.  On Jan. 3, during the press conference, the Governor of Morocco’s Central Bank, Bank Al-Maghrib (BAM), Abdellatif Jouahiri announced a series of discussions between the BAM and the market participants. Regulators, such as the Moroccan Capital Markets Authority (AMMC), the Insurance Supervisory Authority and Social Security (ACAPS), will also participate. It will precede the implementation of the crypto…

India Proposes Self-Regulatory Mechanism for Online Gaming Companies

India proposed a draft on Monday to ensure due diligence and allow its online gaming industry to regulate itself. The government of India recently proposed a mechanism for self-regulation in the country’s online gaming industry. This development comes amid rising concerns over gaming addiction and disruptive patchy state laws. The newly-proposed online gaming self-regulatory body is a draft amendment to India’s information tech rules published Monday. Furthermore, this proposal comes after a state panel suggested new regulations for India’s growth-potential real-money online games sector. So far, the initiative has been warmly received…