Day: January 27, 2023

MATIC Nears 3-Month High, as LINK Extends Recent Gains โ€“ Market Updates Bitcoin News

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Polygon rose to its highest level since early November on Friday, as markets reacted to the latest U.S. consumer sentiment data. Sentiment rose to 64.9 in January, up from a reading of 59.7 in December. Chainlink also surged in todayโ€™s session, hitting its strongest point in nearly two months. Polygon (MATIC) Polygon (MATIC) was a big gainer on Friday, as prices rose to their highest point in 11 weeks. Following a low of $1.07 on Thursday, MATIC/USD raced to an intraday peak of $1.15 earlier today. As a result of…

Bitcoin Investors Turn Greedy, First Time Since March 2022

Data shows investors in the Bitcoin market have turned greedy for the first time since March 2022, after what was the longest stretch of fear ever. Bitcoin Fear And Greed Index Now Points At โ€œGreedโ€ The โ€œfear and greed indexโ€ is an indicator that tells us about the general sentiment among investors in the Bitcoin (as well as the wider crypto) market. To represent this sentiment, the metric uses a numeric scale that runs from 0-100. All values below 50 imply a fearful market, while those above this threshold suggest…

Balancing Privacy & Compliance to Ensure High Privacy for CBDC Payments

Today, the public already accepts some financial privacy invasion. Existing digital payment methods, such as debit and credit cards, bank account transfers and mobile money payments do not have a high degree of privacy โ€“ and are growing in market share. Know-your-customer (KYC) measures are necessary to open bank accounts and, ultimately, to conduct transactions. That confidential KYC and transaction data is shared with intermediaries, such as banks, credit card companies, etc., that are involved in the transaction process. Source

Regulatory Clarity? Financial Watchdogs Could Not Be More Clear

What is meant by regulatory clarity? The U.S. Congress has the power to draft and pass laws that direct government agencies such as the SEC and DOJ to issue rules, supervise entities and conduct enforcement. With the assistance of court decisions and the rulemaking process, as well as agency guidance and precedent from enforcement actions, a picture comes into view of how those charged with enforcing the law and regulating the industry may act. Source

Bitcoin Difficulty Set to Rise 3.82% to All-Time High of 39 Trillion Following Recent Increase โ€“ Mining Bitcoin News

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The Bitcoin network is set to record another meaningful difficulty increase on Sunday, Jan. 29, 2023, as current estimates expect it to rise 3.82% higher. The change follows the last difficulty retarget, which advanced by 10.26% to the current all-time high of 37.59 trillion. Block Time Breakdown: How Faster Discovery is Impacting Bitcoin Difficulty In just over a day, the Bitcoin network will see a difficulty increase of around 3.82%, according to current estimates. Right now, the mining difficulty is already at an all-time high (ATH) at 37.59 trillion, and…

Aave V3 Is Live On Ethereum, TVL Up 24% In 1 Month

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Aave V3 is nowย live on the Ethereum mainnet. With this upgrade, WBTC, WETH, wstETH, USDC, DAI, LINK, and AAVE are the only supported assets.ย  Aave V3 Improves Capital Efficiency Stani Kulechov, the co-founder of Aave, said V3โ€™s flexible design introduces new ways of mitigating risks, reducing gas costs, and improving capital efficiency, all while ensuring better liquidity decentralization. Aave Protocol V3 is now live on the Ethereum market ๐Ÿ‘ป โ€The most exciting aspect of V3 is its flexible design, which enables a variety of new risk mitigation features, and its…

Litecoin ‘head fake’ rally? LTC price technicals hint at 65% crash

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Litecoin (LTC) has rebounded by 130% to almost $100 after bottoming out near $40.50 in June 2022. The primary reasons include broadly improving risk-on sentiment and euphoria around the Litecoin halving in August 2023. However, technicals suggest that LTC may wipe out most of these gains in the coming months. LTC price paints giant bear flagย  Litecoin stands to pare its gains mainly due to a giant bear flag on the weekly char.ย  A bear flag is a bearish continuation pattern that occurs when the price consolidates inside an ascending,…