Month: January 2023

Ethereum price rally under question after ETH slams into resistance at $1.6K

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Ether (ETH) price is struggling to overcome resistance at $1,600 and this is the altcoin’s third attempt since September. Some would say the 33% year-to-date rally could be interpreted as a failed opportunity to breach the $200 billion market capitalization mark.  Ether/USD price index, 2-day. Source: TradingView If Ether’s price were to break above $1,600, it would return the No. 2 cryptocurrency to a top-60 global tradable asset, surpassing giant multinational companies like Nike (NKE), Novartis (NVS), Cisco (CSCO) and Toyota (TM). Unfortunately, at least for bullish traders, derivatives markets…

Logan Paul unveils CryptoZoo recovery plan: Nifty Newsletter, Jan 11–17

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In this week’s newsletter, read about how independent creators can use music-based nonfungible tokens (NFTs) to build a fanbase and monetize their work. Check out what industry professionals are saying about NFT gaming trends in 2023 and how an NFT influencer lost his assets by clicking an advertisement on Google. In other news, find out how social media influencer Logan Paul plans a recovery for his controversial NFT project, CryptoZoo. And don’t forget this week’s Nifty News featuring Shiba Inu’s NFT project, Shiboshis.  Music NFTs are helping independent creators monetize…

The Time to Invest in Crypto Is Now

Scaramucci’s firm, which has $2.2 billion in assets under management, had a $45 million tie to failed crypto exchange FTX when founder Sam Bankman-Fried bought an estimated 30% stake. According to Scaramucci, SkyBridge then bought $10 million worth of FTX’s native token, FTT, which it later sold at an estimated $9.6 million loss. He did not say when the FTT was sold. Source

Chainlink (LINK) Records 7% Gains, Will It Cross $7?

The global cryptocurrency market cap is currently down by 1.61%, but LINK holds its gains on the weekly chart. With institutional investors and whales engaged in trading activities, the crypto market is experiencing a revival.  Chainlink has enjoyed a resurgence this week with an increase in its price and trading volume. The network has also recorded a massive increase in trading volume today at 30.64%. The coin is now ranked number 21 on the list of cryptocurrencies. What Is Behind The Rally? The Chainlink network has added some notable projects…

In Davos, Blockchain Yields More Promises Than Problems

About half of the estimated 500 companies attending the 2023 annual World Economic Forum (WEF) event in Davos, Switzerland, are technology companies and startups. You see them stretching out over the Promenade – the main street running through the city center where all the action happens. The showcases are demoing products and services in blockchain technology, artificial intelligence (AI), virtual reality (VR), robotics, 3D printing and the Internet of Things (IoT), offering a taste of the latest and greatest to come. Source

Crypto Exchange Binance Burns Over $575,000,000 in BNB Following Token Update

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The chief executive of the world’s largest crypto exchange by volume says that the platform has torched $575 million worth of its native asset in its latest quarterly burn. In a new blog post, Binance CEO Changpeng Zhao says that the crypto exchange has destroyed a total of 2,064,494 Binance Coin (BNB) in its 22nd overall burning event and first quarterly burn of 2023. Binance says it plans to perform coin burns every quarter until it eliminates a total of 100 million BNB from circulation – half of the token’s…

Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report

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The financial sandbox ar of the Bank of Spain, or Banco de España, has reportedly approved a project from fintech firm Monei testing a token linked to the euro. According to a Jan. 18 report from Spain-based news outlet Cinco Días, the Bank of Spain gave the green light to Monei to issue its EURM token as part of a testing phase expected to last between 6-12 months. The sandbox was aimed at establishing a controlled testing environment for financial innovations projects in Spain under the supervision of central bank…

Will A Correction Impact The Recent Rise?

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Solana has been one of the top performers in the cryptocurrency market, with gains of over 89% in 30 days, 131% in 14 days, and 63% in 7 days. In the face of claims that the SOL network is failing, the token’s price needs a slight upward boost to gain back the support of investors. After dropping to a low of $8.01 in December, its price has increased dramatically in recent weeks and is now trading above the $20.00 level.  Solana Surge After The Months When Solana’s native token SOL…