Despite A Relief Polkadot Struggles Under $5, What’s Next?

The Polkadot price posted significant gains over the last week after Bitcoin showed recovery on its chart. Other altcoins have also moved in the same direction. At the moment, however, DOT has been trying to breach the immediate resistance of $5. In the past 24 hours, DOT noted a fall of 2%, but that could be attributed to a slight fall in demand for the altcoin. The technical outlook for Polkadot remains bullish. Buyers and demand for the altcoin have to keep mounting, and soon DOT will travel above the…

The Easy Company secures $14.2M funding for new crypto wallet with social features

The Easy Company, a startup focusing on building a consumer layer for the decentralized web, has raised $14.2 million in a seed round for its “social” crypto wallet, which seeks to help onboard more mainstream audiences into the Web3 ecosystem.  As reported by TechCrunch, the seed funding round was supported by a diverse group of investors, including venture capital firms Lobby Capital, Relay Ventures and 6th Man Ventures, as well as Tapestry, Upside and Scribble. Additionally, the round featured angel investors with backgrounds in traditional social media and Web3, including…

Gemini Terminates Its Crypto Yield Product, Amping Up Battle With Barry Silbert’s DCG

Gemini ended the master loan agreement (MLA) between its customers and Genesis, Gemini told customers of its Gemini Earn in an email on Tuesday. “This officially terminates the Earn Program and requires Genesis to return all assets outstanding in the program,” according to Gemini’s email. “Existing redemption requests are not impacted and continue to await fulfillment by Genesis.” Source

Grayscale Bitcoin Trust Discount Narrows to 8-Week Low as DCG Faces Pressure

Also possibly at work could be any investor positioning taking place around the start of the year. Having grown fat in a number of one-way (mostly down) crypto trades last year, traders might be covering some of those bets as 2023 begins. Alongside the move in GBTC to start the year, there have been sizable rallies in the stocks of crypto exchange Coinbase (COIN) and bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) – all three of which tumbled 75% or more in 2022. Original

Crypto Industry Hopes Turn to French Legislators as Regulators Back Mandatory License

His worry is that, under Maurey’s plans and until MiCA is up and running, crypto firms based in other EU member states could have to seek a duplicate license in France – despite the fact that MiCA is supposed to ensure they can operate across the bloc with a single authorization. In practice, few companies would bother with such a burdensome step, Bernard-Alzias said, and they could end up skipping the French market entirely. Source

Nebraskangooner gives his opinions on whether news affects BTC price

On Dec. 28, Cointelegraph’s Crypto Trading Secrets podcast interviewed trader Nebraskangooner, gathering his opinions on several topics. “Flat and completely sideways and uneventful,” Nebraskangooner said when asked about his thoughts on Bitcoin’s (BTC) price lately.  The crypto bear market saw the price of Bitcoin struggle throughout 2022, falling significantly from its all-time high above $60,000 seen in 2021. Nebraskangooner gave a few thoughts on Bitcoin’s possible location within the bear market and a potential bottom for the asset. Regarding his view on Bitcoin’s price, Nebraskangooner said he primarily looks to…

Why Are Liquid Staking Cryptocurrencies Seeing Double-Digit Gains?

Over the last week, liquid staking cryptocurrencies have been seeing a significant upside. All of these tokens have successfully moved into the green territory, recording double-digit gains for their holders. Although these digital assets seem to be following the general crypto market uptrend, there is another factor pushing up their prices. Why Are Liquid Staking Crypto On The Rise? Liquid staking cryptocurrencies have been receiving more attention ever since the announcement that the Ethereum “Shanghai” upgrade is likely to take place in March 2023. This upgrade is important for the…