Day: January 23, 2023

Checks VV Rouses the NFT Community From a Sleepy Winter

Loosely inspired by Damian Hirst’s NFT project The Currency, Butcher has decided to introduce a burn mechanic that allows holders to remove their edition from circulation and trade it in for an on-chain original featuring unique art and a smaller number of checks. Burning two original NFTs featuring 80 checks will turn them into a 40-check NFT. Then, burning two 40-check NFTs would create an original 20-check NFT, and so forth. At the end of the experiment, there is a possible supply of three black check marks – which would…

XRP Jumps to 3-Month High as Crypto Markets Consolidate on Monday  – Market Updates Bitcoin News

Xrp moved to a multi-month high on Jan. 23, as market optimism grew regarding a lawsuit between Ripple and the United States Securities and Exchange Commission (SEC). Following comments last week from Ripple CEO Brad Garlinghouse, many have bought the token in anticipation of the lawsuit ending in the coming months. Dogecoin was another notable gainer on Monday. XRP, formerly ripple, was one of Monday’s notable gainers, as the token rose to a three-month high in today’s session. XRP/USD hit an intraday high of $0.431 to start the week, coming…

Latin American Stablecoin Adoption Expected to Grow Amid High Inflation

“In Latin America, the countries with the highest levels of inflation are the ones that run the fastest towards cryptocurrencies,” said ​ Mauricio Di Bartolomeo, co-founder of Ledn, a Canada-based lending platform with more than 125,000 users, half of whom are based in Latin American countries. “In 2023 stablecoin adoption will hike because inflation is going to be much higher amid macroeconomic turbulence,” he added. Source

Europol reports $19.5M in crypto seized in enforcement action against Bitzlato

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The European Union Agency for Law Enforcement Cooperation, or Europol, has reported authorities took control of crypto wallets containing more than $19 million in cryptocurrency as part of enforcement actions against crypto firm Bitzlato. In a Jan. 23 announcement, Europol reported that roughly 46% of assets — 1 billion euro, or $1.09 billion at the time of publication — moved through Bitzlato were linked to illicit activities. The government agency’s analysis suggested that Bitzlato received more than 2.1 billion euro in cryptocurrencies including Bitcoin (BTC), Dash (DASH), and Dogecoin (DOGE),…

3 signs Axie Infinity price risks giving up its 135% gains in January

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Axie Infinity (AXS) has rallied 135% month-to-date to reach approximately $14 on Jan. 23, its highest level in two months. Nonetheless, the AXS/USD pair could suffer major losses in the coming weeks owing to a flurry of negative technical and fundamental indicators. Axie Infinity price prints “gravestone” doji The AXS price formed a “gravestone doji” candlestick on Jan. 23, which technical analysts view as a bearish reversal pattern. A gravestone doji appears when an asset’s opening, closing, and the lowest price comes to be nearly identical except for the highest…

Is Litecoin Expecting A Pullback Before Soaring Again?

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The Litecoin price has shown bullish sentiment over the past week once it bounced off the $81 resistance zone. Over the last 24 hours, the altcoin jumped by 2%, and in the past week, the LTC price gained close to 6%. As Bitcoin continues to trot upwards and is now eyeing the $23,000 price mark, other altcoins have reflected the same price sentiments. The technical outlook of the Litecoin price has depicted that accumulation shot past the overbought region just when Litecoin breached the $81 price region. Demand for the…

Bitcoin Remains Near Recent Highs and Theta NFT Sales Increase by 239% as NFT Market Surges – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin continued its surge over the weekend, rising to a peak of around $23,400. This has left a CME gap on the Bitcoin CME Futures chart at around $22,400, which many analysts theorise is a magnet for price. There are also CME gaps at around $17,000 and $20,000, which were formed on this recent aggressive move. NFT sales jumped by 16% last week, according to data from cryptoslam.io, with a total of $257 million sales ($206 million sales based on…