Day: January 22, 2023

Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020 – Bitcoin News

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After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project’s native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days. Axie Infinity’s Native Token AXS Climbs 62% Despite Continued Decrease in Monthly Players The non-fungible token-based online video game Axie Infinity once had millions of monthly players, with a peak of 2.78 million in Jan.…

Binance Announces New Transaction Limit By Fiat Partner, What Could This Mean For BNB?

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According to a report by Bloomberg, crypto exchange Binance has announced that one of its fiat trading partners, Signature Bank, will no longer be processing transactions of less than $100,000 as the bank attempts to reduce its exposure to the cryptocurrency market. Binance said this is a broad action affecting all crypto exchanges dealing with Signature bank. And that efforts are underway to find an alternative solution immediately for members of its user community whose accounts are serviced by this bank. “One of our fiat banking partners, Signature Bank, has…

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

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After nearly a 20% rally last week, Bitcoin (BTC) is on track to end this week with gains of roughly 10%. Bitcoin’s rally has improved sentiment and attracted buying in several altcoins. This sent the total crypto market capitalization firmly above the $1 trillion mark. The strong recovery in Bitcoin has startled several analysts who remain skeptical about the rally. Some believe that the current rise is a dead cat bounce that will reverse direction sharply while others see similarities between the current rally and the 2018 bear market recovery.…

Binance Banking Partner to Ban Crypto Trading Transfers Under $100K – Exchanges Bitcoin News

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Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February. Bank Working With Binance Sets $100,000 Transaction Minimum for Crypto Traders A bank serving some clients of the world’s largest cryptocurrency exchange, Binance, will only process customer transactions exceeding $100,000, starting from the first day of February. The new minimum will be imposed as part of…

Is Staking On Coinbase Worth It?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Timestamps Goodies & subscribe! 0:00 What Is Staking? 1:47 Staking on Coinbase Fees … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Genesis bankruptcy case scheduled for first hearing

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The first hearing in Genesis Capital’s bankruptcy case will be held on January 23 at 2:00 pm (EST), according to court filings. Judge Sean H. Lane of the United States Bankruptcy Court for the Southern District of New York will hear the case. Under Chapter 11, known as the reorganization chapter, companies can propose a reorganization plan to creditors, while allowed to continue operating its business, told Cointelegraph Mark Pfeiffer, bankruptcy attorney at law firm Buchanan Ingersoll & Rooney. As the first step in the bankruptcy proceedings, the court will…

This Bitcoin On-Chain Reading Confirms the Rally is Getting Started

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After 216 days, the Bitcoin Market Value to Realized Value (MVRV) ratio finally broke above 1, making this accumulation the second longest after it took BTC prices 300 days to bottom up after the bear run of 2014-2015. It also signals the likelihood of another refreshing BTC rally after gains of last week. Bitcoin’s MVRV Breaks Above 1 The breakout coincided with BTC prices surging to as high as $23,300 on Saturday, January 21, a positive development, especially for optimistic holders.  Bitcoin Price on January 22| Source: BTCUSDT on KuCoin Trading…

NFT Market Sales Climb 16% Higher; 43.48% Increase in Buyers in Third Week of 2023 – Bitcoin News

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Closing out the third week of January 2023, non-fungible token (NFT) assets saw a 16.39% increase in overall sales. 320,580 buyers participated in the NFT market action this past week, an increase of 43.48% compared to the week prior. $256.69 million in NFT sales were recorded over the last seven days, with $206.06 million being Ethereum-based NFTs. Ethereum Dominates NFT Market as Blockchains Theta, Fantom, Palm, and Wax See Largest Gains in NFT Sales Digital ownership continues in 2023 with $256.69 million in non-fungible token (NFT) sales over the last…