Month: January 2023

Best Crypto Investment Choices for Savvy Investors – Stellar, Solana, and Big Eyes Coin

Place/Date: – January 18th, 2023 at 4:19 pm UTC · 4 min read Source: Big Eyes Coin Photo: Big Eyes Coin Several experts have observed that, on average, over the last three years, the first few weeks of the new year is usually very interesting for cryptocurrencies. Nothing suggests that the new year will be any different. The cryptocurrency market intends to exploit 2022’s holiday season’s success to make up for the significant losses it suffered in 2022. Three blockchain platforms, Big Eyes Coin (BIG), Stellar (XLM), and Solana (SOL),…

This Australian Crypto Exchange Lists LUNC, SHIB, And APE Coin

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Shiba Inu (SHIB), ApeCoin (APE), and LUNC gained new support in January as Australian crypto exchange Cointree lists them on its platform. Cointree announced the news via Twitter recently. Cointree is among the oldest crypto exchanges in Australia, based in Melbourne. It began operation in 2013 and offers over 280 cryptocurrencies on its platform, including the latest additions (APE, LUNC, and SHIB). In 2017, the exchange launched a learning hub that teaches and guides crypto enthusiasts on basic cryptocurrency subjects. This development is not SHIB’s first Australian recognition. Earlier in…

Top 3 Tokens to Watch Out For in 2023: HedgeUp (HDUP), Vaiot (VAI), and Lucro (LCR)

Place/Date: – January 18th, 2023 at 4:05 pm UTC · 4 min read Source: HedgeUP Investors entered 2023 with renewed optimism and belief that their investments would bear fruit and deliver higher returns this year. A few users lost money in 2022 but hope to see their coins skyrocket or break even in 2023. While analysts predict that the markets will take time to pick up this year, investors are eager to put their best foot forward. Market trends and analysis show that a few projects demonstrate outstanding potential in…

Developers soured on Bitcoin over the last year. Here’s why that matters

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Crypto prices suffered badly in 2022, but developer activity for the year paints a more optimistic picture for investors. New data published by Electric Capital Tuesday shows Ethereum had the largest number of full-time developers in 2022 at 1,873, as of Dec. 15. That puts developer growth at 9% for the year, the report showed, even as the price of ether dropped 67%, according to Coin Metrics. Ethereum rivals like Polkadot and Solana followed closely behind, showing growth of 9% and 36%, respectively. For Solana, that growth came despite the…

AI Crypto Projects: Pump on ChatGPT’s Hype

By implementing a token-based incentivization system, projects intend to foster a more collaborative and cooperative AI ecosystem in which developers can collaborate to solve complex problems.  Everyone has heard about Chat GPT-3 since its launch back in late November of 2022. But who could’ve thought that the wave of AI hype would actually get to the crypto industry? Well, in today’s article, we’ll discuss how Chat GPT managed to create a buzz within crypto, pumped some of the tokens of AI-related projects, and made tech companies consider investing multiple billions…

Ethereum Based Frax Finance (FXS) Is Up 64%, Still Upside?

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In the last seven days, the Ethereum-based project Frax Finance is the second biggest winner within the top 100 cryptocurrencies by market cap. With a price increase of 64%, the FXS token is only behind Decentraland (MANA), which has surged 76% within the same period. With the massive pump, Frax Share Token (FXS) has moved up to the 63rd position in the ranking by market cap and has seen a bullish rally since January 2. While the price was $4.09 on that day, FXS was at $9.06 at press time.…

ConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over ‘Ridiculous’ CeFi

“We’re keeping the company strong; we didn’t cut into muscle,” Lubin said in an interview with CoinDesk. “We sort of right-sized support functions, some customer support, some internal team support, because there’s just less activity in our ecosystem right now. I expect we’ll get back to doing quite significant and surging business in the not too distant future.” Source

EU Postpones Final Vote on MiCA Legislation Again Following Issues in Legal Document Translation

The EU deferred its final MiCA legislation vote for the second time in two months. The European Union (EU) has postponed the final vote on its Markets in Crypto Assets regulation (MiCA) until April this year. Due to a technical issue, the 27-member state intergovernmental union decided to defer the decisive vote on its highly anticipated crypto ruleset. Reports state that the guiding 400-page legal document could not be translated into the Union’s official 24 languages. It is mandatory that legal documents, such as the MiCA, comply with EU regulations…

Bitcoin sees new 4-month high as US PPI, retail data posts ‘big misses’

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Bitcoin (BTC) set yet another multi-month high before the Jan. 18 Wall Street open as United States macroeconomic data fell far wide of expectations. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView U.S. PPI numbers fall wide of the mark Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $21,646 on Bitstamp. A subsequent correction saw the pair moving around $21,400 at the time of writing, with U.S. stocks reacting to surprise data surrounding economic activity in December. Specifically, the Producer Price Index (PPI) showed cost rises cooling faster…