Bitcoin holds $20K while flirting with a neutral futures premium for the first time in 6 months

After 66 agonizing days, Bitcoin (BTC) price finally broke above the $20,000 psychological resistance on Jan. 14. At the same time, the current $400 billion market capitalization gives BTC a position in the top-20 global tradable assets, surpassing giants like Walmart (WMT), Mastercard (MA) and Meta Platforms (META). From one side, Bitcoin bulls have reasons to celebrate after its price recovered 34% from the $15,500 low on Nov. 21, but bears still have the upper hand on a larger time frame since BTC is down 52% in 12 months. However,…

Kevin O’Leary Doubles Down on Bitcoin (BTC) Accumulation, Predicts Unregulated Crypto Exchanges ‘Go to Zero’

Venture capitalist Kevin O’Leary is doubling down on crypto markets despite being involved with the collapse of FTX, which he was a paid sponsor of. In a new interview with Kitco, O’Leary reveals his current strategy for accumulating Bitcoin (BTC), and gives his outlook on the development of regulation in the crypto industry. “I have been going back into crypto markets lately. Any time Bitcoin drops below $17,000 I add to our positions there. Crypto is getting very interesting because we’re finally starting to see the bearer of regulation coming…

Masa Finance launches soulbound Web3 identity protocol for Ethereum, Celo

Masa Finance has launched the first soulbound identity protocol for the Ethereum mainnet, according to a Jan. 17 press release shared with Cointelegraph. The protocol will allow for standardized soulbound tokens to be minted on Ethereum for Know Your Customer verification, credit scores and other use cases. Soulbound tokens are tokens that cannot be transferred from one wallet to another. The concept was popularized via a blog post from Vitalik Buterin, who argued that these tokens could be used to signify governance rights for decentralized finance (DeFi) protocols or to…

I’ll Take Salary in CBDC

“Two weeks ago, I saw a pilot of the electronic e-hyrvnia in Ukraine,” he said, speaking through an interpreter, of plans to issue a CBDC in cooperation with crypto company Stellar. “I plan on becoming the first test user of the electronic hryvnia and I plan to receive on receiving my salary in e-hryvnia.” Source

Next For Shiba Inu As Price Remains Stuck Below $0.000011?

Shiba Inu has substantially recovered over the last week; it surged over 20% in the same timeframe. Over the last 24 hours, SHIB has appreciated by 2.9%, but despite the rise in value, the coin has remained stuck below the $0.000011 mark. The coin broke above its stern resistance mark of $0.000010, which had not been breached for the past two months. SHIB was trading within an ascending parallel chain, which showed bullishness; however, the coin was currently outside the ascending trendline. Related Reading: Myth Buster: Ethereum Shanghai Hard Fork…

Bitcoin on-chain and technical data begin to suggest that the BTC price bottom is in

Bitcoin’s (BTC) price has followed a four-year cycle with consecutive bull and bear trends occuring in somewhat measurable intervals. A closer look at Bitcoin’s long-term price action reveals that the run-up to the top and bottom of the previous cycles look remarkably similar. What’s more interesting is that the 2020 to to2021 cycle shows signs of following the same pattern. Independent market analyst, HornHarris, found that the period between the bottom-to-top and top-to-bottom has been the same since 2015, 152 weeks and 52 weeks, respectively. Even in 2013, the bear…

CBDCs Are the Future of Money, IBM Exec Says

While many CBDC pilot projects are still in a development phases, Nagarajan said payments will eventually be made with CBDCs. In the meantime, stablecoins, which are a form of cryptocurrency pegged to real-world assets such as gold or the U.S. dollar, are working as “stopgaps until CBDCS are available in the market.” Source

71% of Total Value Locked Evaporates in 12 Months – Defi Bitcoin News

Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a lot has changed during the last 12 months as lending applications like Terra’s Anchor Protocol bit the dust, and 71.95% of the total value locked in defi lending protocols evaporated. From $37 Billion to $10 Billion: The Top Five Defi Lenders Then and Now Last year around…

Solana (SOL) Continues To Shine With 43% Gains In Last Week

Solana is enjoying a positive start to 2023 after spending most of 2022 in decline due to the crypto winter. Also, SOL’s exposure to FTX caused its price to decline rapidly following the FTX saga in November 2022. SOL has also been a beneficiary of the crypto market upturn as it continues its climb back to the top. Although it is still off its all-time high  (ATH) value, it has shown positive signs in 2023. What Is Driving The Solana Price Increase?  Solana has launched a series of innovative projects…