Day: January 23, 2023

Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K

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Bitcoin (BTC) rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears’ expectations for a pullback to $20,000. Even more notable is the move brought demand from Asia-based retail investors according to data from a key stablecoin premium indicator. Traders should note that the tech-heavy Nasdaq-100 index also gained 5.1% between Jan. 20 and Jan. 23, fueled by investors’ hope in China reopening for business after temporary shutdowns caused by the CCP’s virus contagion measures and weaker than expected economic data in the U.S. and…

We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives – Op-Ed Bitcoin News

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There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets. The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis. The gross mismanagement and outright fraud in 2022 by many opaque centralized exchanges are driving people back to the core tenets of crypto, such as decentralization, self-custody, transparency, and censorship resistance. People are naturally turning to DeFi (decentralized finance). Unfortunately, much of DeFi is not yet ready to act as a suitable substitute. In this article, I will talk about two of the most…

Ethereum devs create ‘shadow fork’ to test conditions for Ether withdrawals

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As the proposed date for the Ethereum Shanghai update draws closer, developers have created a testing environment called a “shadow fork,” according to a Jan. 23 tweet thread by Go-Ethereum developer Marius Van Der Wijden. The new testnet appears to have been created in order to test the conditions needed for Ether (ETH) staking withdrawals, which are currently disabled but are intended to become enabled in the update. Withdrawal-Mainnet-Shadow-Fork-1 is finalizing It started out with a few issues because the config wasn’t correctly applied on geth (we disallow overriding the…

Space Odyssey Loyalty Program by BitSpinCasino Dishes Out up to 15% Weekly Cashback & 300 Free Spins – Promoted Bitcoin News

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Get rewarded for reaching new levels in the loyalty program by playing games and earning loyalty points. Casino loyalty programs have evolved through the changing paradigm of the casino industry. Digitalization has provided the arena of chance-based gaming the mobility to fit right onto the handheld devices of players. Registered members that reach the VIP levels can passively earn cash prizes, cashback, Free Spins & other bonuses, while not even being aware that they might be getting rewarded simply for playing their favorite games. Space Odyssey: A VIP Loyalty Program…

Can Banks Issue Stablecoins? – CryptoX

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

Crypto exchange Gemini lays off 10% of workforce

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Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Joe Raedle | Getty Images Crypto exchange Gemini will reduce its headcount by 10%, a spokesperson told CNBC on Monday. It’s at least the third round of cuts in less than a year for Gemini, which was co-founded by twins Cameron and Tyler Winklevoss, and unlike many of its peers, is subject to New York banking regulation. Gemini had 1,000 employees as of Nov. 2022, according to PitchBook data, suggesting around…

VC Firm Pantera’s 2023 Crypto Forecast Says the Future Is DeFi

Krug sees the “end state” of crypto as a world where the “average person will have apps on their phone that give them access to DeFi, where they’ll be able to engage in financial transactions without banks/brokers, with lower fees, global liquidity and markets operating 24/7.” However, Krug wrote, achieving this end state requires solutions to a number of current problems that break down into two categories: increasing liquidity in DeFi and making DeFi easier to use, particularly for those new to crypto. Source

When meme? Top crypto memes and their meaning

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The crypto market is highly volatile, and the prices of cryptocurrencies can fluctuate dramatically in a short period. Memes offer a way for people to express their emotions and cope with the ups and downs of the market in a lighthearted, humorous way. Crypto culture is heavily centered around online communities and social media, and memes are a widely used form of communication. They allow people to quickly convey complex ideas or emotions in a way easily understood by others in the community. Many of the concepts and terms in…

Crypto tracker picks up trail of funds heisted from Harmony Bridge in June

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Crypto tracking platform MistTrack has followed funds taken in the Harmony bridge hack, publishing a list of 350 addresses associated with the attack. North Korea’s state-sponsored Lazarus Group is thought to be behind the hack. According to a Twitter thread posted on Jan. 23, the funds were transferred through various exchanges in an effort to elude trackers.  Funds in a number of tokens worth about $100 million were stolen from the Harmony bridge on June 23, then quickly swapped for Bitcoin (BTC), according to MistTrack, and returned to the wallet they had originally…