Day: January 26, 2023

Bitcoin can still crack $50K if gold correlation continues — Chart

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Bitcoin (BTC) could get sucked toward $50,000 like a magnet if it continues to follow gold, fresh analysis predicts. In a Twitter update on Jan. 26, popular trader and market commentator TechDev presented a lofty new BTC price target tied to XAU/USD. Gold, Bitcoin inverse dollar correlation “without question” As the debate over how much Bitcoin will compete with gold remains, bullish-price takes are surfacing. For TechDev, the outlook is more optimistic than for many — Bitcoin might even crack the $50,000 mark. “What if Bitcoin continues to follow Gold…

Sui-Based Ethos Wallet Raises $4.2M in Seed Round

“When we first set our sights on developing a wallet on the Sui blockchain, it became our mission to evolve what a crypto wallet is. Currently, they are viewed as a place to store crypto assets, however, they have the capability to do much more,” said Eldeib in the press release. “With Ethos, we’re working on developing, discovering and interacting with blockchain-based applications and to make those interactions safer and easier to use.” Source

AmzDoge Financial Landed on the NASDAQ Screen in Times Square, New York

Place/Date: – January 26th, 2023 at 3:31 pm UTC · 2 min read Source: AmzDoge Financial Photo: AmzDoge Financial With the development of the digital economy and the intensification of global brand competition, Web3.0 digital financial companies are also facing more and more competition and opportunities from around the world. January 22, 2023 14:30 PM, AmzDoge Financial (AD for short), which has received much attention, landed on the NASDAQ big screen in Times Square, New York. At the “crossroads of the world”, it is announced to the world that it…

Cardano (ADA) Continues To Shine With 15% Gains In the Last Week

Cardano’s native coin ADA has seen many rallies since the start of this year. The token owes its performance to the improving economic condition in the market and the ongoing developments on the Cardano Network. Over the past seven days, ADA has observed more than a 15% price gain in 7 days and an over 17% 14-day gain. But what are the possible reasons for ADA’s impressive performance? What Is Contributing To ADA’s Price Rally? The hype around the upcoming Djed stablecoin launch, among others, has played a part in…

Understanding POAP NFTs – The Future Of Collectible Ownership And Reward Systems

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POAP NFTs, or Proof of Attendance Protocol, is a type of non-fungible token (NFT) used to prove attendance or participation in a specific event, such as a conference, meetup, or online course.  These tokens can also be used as a reward or recognition for participating in a community event or contributing to a project. Get the best NFT token development services from our experts and earn more passive income.   Explore POAP NFTs POAP NFTs are unique digital assets stored on the blockchain. As the name suggests, they cannot be…

Circle (USDC) Launching Cross-chain Transfer Protocol: What This Means for Snowfall Protocol (SNW), Polkadot (DOT), and other Cross-chain Bridges? 

Place/Date: – January 26th, 2023 at 3:12 pm UTC · 3 min read Source: Snowfall Protocol Photo: Snowfall Protocol Circle, one of the founders of USDC cryptocurrency, is launching an on-chain utility to allow users to transfer USDC from one blockchain to another. Circle’s cross-chain transfer protocol (CCTP) will not be a traditional “lock-and-mint” bridge technology but more of a “burn-and-mint” bridge. CCTP addresses the security risks associated with traditional bridges. “Lock-and-mint” bridges pose a significant security risk to users because the native tokens are locked on the source blockchain,…

Comcast Surpasses Q4 2022 Expectations amid Broadband Growth Slowdown

American multinational telecoms conglomerate Comcast had a commendable Q4 2022 outing despite stacked losses from its Peacock platform.  On Thursday, Comcast Corporation (NASDAQ: CMCSA) reported its Q4 2022 earnings, which beat expectations amid a slowdown in broadband growth. Comcast’s fourth-quarter performance surpassed the consensus estimate despite mounting losses from its Peacock streaming service. The Philadelphia-based multinational telecoms giant’s top-line growth received a boost from the higher revenue of its broadband and wireless businesses. In addition, Comcast’s quarterly revenue intake was also spurred by the company’s theme parks segment. Comcast Q4 2022 Performance…

Tesla’s Q4 Balance Sheet Shows Bitcoin Holdings Worth $184 Million – Featured Bitcoin News

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Tesla’s latest balance sheet shows the company’s bitcoin holdings worth $184 million. Tesla did not sell any digital assets in the fourth quarter of 2022 despite the crypto winter and contagion in the crypto ecosystem. Tesla’s Digital Assets Valued at $184 Million Tesla Inc. (Nasdaq: TSLA) released its earnings results for Q4 2022 on Wednesday. The company’s balance sheet shows net digital assets of $184 million, down from $218 million in the previous quarter. According to its other financial statements, no digital assets were bought or sold during the fourth…

Coinbase Incurs $3.6M Dutch Fine for Providing Unregistered Crypto Services

American crypto exchange Coinbase plans to protest a weighty fine imposed by the Dutch central bank over “non-compliance” violations.  Coinbase (NASDAQ: COIN) has received a $3.6 million fine from the Dutch central bank for offering unregistered crypto services to customers in the country. According to the Dutch apex bank, Coinbase’s Europe arm provided the crypto services without the legally required registration until late September 2022. The governing bank cited Dutch law, which requires that crypto providers register under anti-money laundering and terrorist financing norms. The De Nederlandsche Bank (DNB) described the Coinbase fine…