Month: January 2023

Bitcoin Shakes Off Genesis Bankruptcy Filing

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Bitcoin has not moved as expected despite the news of Genesis, one of the largest crypto lenders in the world, filing for bankruptcy. This lack of negative movement from bitcoin in response to the news could cement the digital asset’s path to the upside in the coming weeks. Bitcoin Remains Unfazed By Genesis Despite the dreaded news of a Genesis bankruptcy finally becoming a reality, the price of bitcoin has not reacted negatively. In fact, the digital asset has barely responded to the news at all and continues to trade…

SOL Rebounds From Recent Losses, ATOM 5% Higher on Friday – Bitcoin News

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Cosmos raced higher for a second straight session, after recently snapping a four-day losing streak. Friday’s move saw the token move closer to a key resistance level of $12.50. Solana also moved higher earlier in the day, as price bounced from a key support point. Cosmos (ATOM) Cosmos (ATOM), was one of Friday’s notable gainers, as the token moved closer to a key resistance level. Following a low of $11.70 on Thursday, ATOM/USD raced to an intraday peak of $12.38 earlier today. As a result of this move, cosmos moved…

Sell Pressure Mounts On Bitcoin As Miners Offload More BTC

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CryptoQuant data on January 20 shows an unusually sharp spike in Bitcoin miners’ outflow, an unexpected development considering the solid performance of BTC prices in the past few trading days. Miners’ Position Index (MPI) Rising The Miners’ Position Index (MPI) is up from -0.85 registered on December 31, 2022, to +3.25 on January 19, 2023. The expansion could indicate that miners are moving their coins, at a faster pace, to centralized exchanges.  Rising Miners’ Position Index| Source: CryptoQuant The MPI is a moving ratio between the total miner outflows to the…

Bitcoin eyes $21.4K zone as analyst predicts BTC price will chase gold

Bitcoin (BTC) rose toward new multi-month highs on Jan. 20 as analysis predicted a new trading range above $18,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price range “well defined” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but preserving support at $21,000. The pair edged higher at the Wall Street open, in line with United States equities as the third trading week of an explosive January drew to an end. Despite misgivings over the rally’s fundamental strength, Bitcoin continued to avoid significant corrections, with exchange order…

NFT Steez and Cryptoys CEO discuss the future of toys and entertainment within Web3

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This week, NFT Steez met with Cryptoys founder Will Weinraub to discuss the current role of play and toys in regard to their integration with nonfungible tokens  and Web3 as a whole.  Weinraub believes that the act of play is “not restricted to children” and that as adults, “we still crave the element of play throughout life.” According to him, “play has evolved” through the development of technology. NFTs, especially in gaming, have highlighted this layer of ownership through play. Weinraub and Cryptoys theorize that “adults are just looking for ways to…

Bitcoin mining in a university dorm: A cooler BTC story

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The humble university dorm is a place for students taking their undergraduate degrees to study, rest, make new friends, host wild dorm parties and, of course, mine Bitcoin (BTC).  A master’s student in market research and self-described “data guy,” Blake Kaufman, has hooked up an S9 Bitcoin miner to the Bitcoin network. He won the S9 miner in a raffle at a mid-Michigan Bitcoin meetup and immediately set about learning how to use it. Blake has consistently shown up to every https://t.co/2Q6OuIwW4O event with at least one friend, a tremendous…

Dogecoin Rival Shiba Inu (SHIB) Continues Price Surge This Week Amid New Listing on Top South Korean Exchange

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Dogecoin (DOGE) rival Shiba Inu (SHIB) is continuing its 2023 price surge this week as it gets a listing on South Korea’s top crypto exchange by trading volume. The Seoul-based Upbit, which registered more trading volume than any other exchange besides Binance in the 24 hours prior to writing, listed SHIB against the South Korean Won (KRW) on Wednesday. SHIB is trading at $0.000012 at time of writing. The 15th-ranked crypto asset by market cap is up 0.88% in the past 24 hours and more than 33% in the past…

Decentraland (MANA) Swells 55% – Are Metaverse Tokens Back?

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MANA is the native token of the Decentraland ecosystem which, as the time of writing, has seen growth enough to recoup losses post-FTX collapse. According to CoinGecko, the token is up 55% in the weekly timeframe with the biggest gains made during the monthly time frame at 105%.  With 2023 showing a renewed interest in crypto, Decentraland has a lot to unpack this month for users, traders, and investors as they released their manifesto detailing plans to improve user experience and making it easier for creators to enter the world…