Day: January 18, 2023

Bullish Binance: Snowfall Token Hype Continues In The Crypto Community As The New Player Continues To Outshine Mainstream Cryptos

Place/Date: – January 18th, 2023 at 5:12 am UTC · 4 min read Source: Snowfall Protocol Binance, the largest cryptocurrency exchange by volume, is well-known for its continued bullish attempts in the ecosystem, and in 2023 it seems to have Shiba Inu (SHIB) and Terra classic (LUNC) in its list. Binance has been instrumental in assisting Terra Classic in reducing its LUNC supply through burns. What’s more, Binance has staked 4 trillion SHIB in the Shiba Inu ecosystem ahead of the highly anticipated Shibarium release. In other news, Snowfall Protocol…

Which tokens could FTX dump on the market?

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The new management of the bankrupt FTX exchange has identified $5.5 billion in assets that can be used to repay creditors, sparking fears a large swathe of crypto assets could be dumped on markets. On Jan. 17, FTX debtors identified $3.5 billion in crypto assets with $1.6 billion associated with the bankrupt exchange. The best known holdings are Solana’s SOL and FTX exchange token FTT, along with liquid assets including XRP, DOGE, Aptos (APT), Polygon (MATIC), TON, and BitDAO (BIT). Liquidators valued the tokens at the time of the bankruptcy…

Bitcoin inches closer to a 10-year record, as other stats turn bullish

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The world’s first cryptocurrency Bitcoin (BTC) is one day away from matching its historic 15-day win streak if its positive price movement keeps up. In November 2013 Bitcoin posted a 15-day consistent positive price movement, the longest in its history. ₿REAKING: #Bitcoin price has increased 14 days in row — A single day away from making a historic new record! pic.twitter.com/qclJhikcds — Documenting ₿itcoin (@DocumentingBTC) January 17, 2023 Right now, BTC is on day 14 of its win streak, hitting four-month highs in the process. One more day of upwards…

Tucker Carlson outlines wild theory to explain Bitcoin price rise: ‘Maximum tin foil’

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Controversial Fox news television host Tucker Carlson has proposed a curious conspiracy theory that seeks to link airline delays in the United States and Canada with a surge in the Bitcoin price. He suggested the computer outage behind the widespread delays may have been caused by ransomware and theorized the US Government may have bought a large amount of Bitcoin to pay the ransom. However he did not provide any evidence for his claims. Speaking on his “Tucker Carlson Tonight” segment of Fox News on Jan. 17, Carlson argued that…

Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn – Bitcoin News

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On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing crypto solutions, blockchain technology, and Web3 concepts. Hashkey Capital’s Fund III to Focus on Web3, Emerging Markets and Crypto Solutions Amid the crypto market downturn, global asset manager Hashkey Capital announced the closing of a new fund, “Hashkey Fintech Investment III,” after raising $500 million. According to Hashkey, the fund “received strong support from institutional investors…

Ethereum Price Remains Supported For A Fresh Increase Above $1,600

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Ethereum is consolidating gains above $1,500 against the US Dollar. ETH could start another increase and clear the $1,600 resistance zone in the near term. Ethereum is showing positive signs above the $1,500 and $1,520 resistance levels. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $1,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further unless there is a downside break below the $1,515 support. Ethereum Price…

Bitcoin Price Faces Key Challenge and At Risk of Downside Correction

Bitcoin price is facing a major hurdle near the $21,500 zone. BTC could correct lower if there is a clear move below the $20,500 support zone. Bitcoin seems to be facing a major challenge near the $21,450 and $21,500 levels. The price is trading above $20,600 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $21,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a downside correction below the $20,800 and…

Number of devs increased during crypto winter: Electric Capital report

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The notion that bear markets are good for builders appears to be true with the total number of monthly active Web3 developers increasing 5.4% to more than 23,300 over the last 12 months despite a near 70% drop in crypto prices. According to a Jan. 16 report from Electric Capital, “full-time” developers — categorized as those who contribute to 76% of Github commits — also increased 15.2% to over 7000, while “one-time” builders fell 6.2% to over 3,500 during the same time period between December 2021 and December 2022 Despite…