The recent surge in the price of Bitcoin has revived hope in crypto assets. To this point, pseudonymous crypto analyst Cheds stated that a massive rally might not be far-fetched for BTC soon. The crypto market struggled with rising inflation rates and other negative factors in 2022. However, in 2023, BTC has picked up positive price momentum, with some investors believing the worst days are over. Ched’s prediction is bullish on the performance of BTC in the future. $BTC visual of this potential bull thesis on daily https://t.co/eUfkmAOx5N pic.twitter.com/UVOCTjctZl — Cheds…
Month: January 2023
Bank of America Says CBDCs Are the Future of Money and Payments
“CBDCs do not change the definition of money, but will likely change how and when value is transferred over the next 15 years,” analysts led by Alkesh Shah wrote, adding that central bank digital currencies have “the potential to revolutionize global financial systems and may be the most significant technological advancement in the history of money.” Source
Crypto-Focussed Bank Silvergate Reports Q4 Loss of $1B
Silvergate’s losses in Q4 culminated in full-year losses of around $949 million, compared to net income of $75.5 million in 2021. Source
Bitget Becomes the First CEX to Launch Copy Trading in The Spot Market – Press release Bitcoin News
press release PRESS RELEASE. (Victoria, Seychelles, 17 Jan 2023) – Leading crypto derivatives exchange Bitget announces to be the first exchange to launch copy trading in the spot market. As the first exchange for offering copy trading for derivatives in 2020, Bitget has honed its highly liquid, highly innovative flagship product, One-Click Copy Trade, to deliver a similarly intuitive experience for spot traders in 2023. Copy trading provides a good starting point for beginners to shadow their trading portfolio with a more experienced trader and increase their chance of profitability.…
UK Court Sentences 4 Men to 15 Years Prison for $26M Crypto Fraud
The offenders used the internet from the comfort of their own homes to obtain millions, Jonathan Kelleher of the Crown Prosecution Service (CPS) said. Source
With Bitcoin Bounce Back, Crypto Mining Stocks Surge to Yearly Highs
A strong 28% jump in the BTC over the last two weeks has given crypto miners some relief after they faced acute financial stress last year. The strong rebound in the Bitcoin (BTC) price earlier this week has had a very positive impact on the crypto mining stocks. Stocks of the crypto mining firms have recorded their best monthly performance in over a year. This has relieved the troubled miners a bit who had to sell a significant portion of their mined Bitcoins to boost liquidity last year in 2022.…
Activision Blizzard Announced NetEase Rejected Proposal to Extend Partnership
US gaming developer Activision Blizzard is looking for a new Chinese partnership after NetEase turned down its latest proposal. Activision Blizzard (NASDAQ: ATVI) recently disclosed that Chinese publisher NetEase rejected a proposal to extend their long-running partnership. According to the US video game holding company, NetEase rejected the opportunity to extend their collaboration by six months. In a statement on the microblogging site Weibo, Activision Chinese subsidiary Blizzard China wrote: “It is a pity that NetEase is not willing to extend services of our game for another six months on…
Bernstein Says Custody Services Are the Foundation for Institutional Crypto Adoption
CryptoX – Cryptocurrency Analysis and News Portal “Crypto custody is the foundational enabler for institutional adoption,” analysts Gautam Chhugani and Manas Agrawal wrote, adding that “unlike legacy custody, crypto custody is all about securing the private key,” which makes it a more technological endeavor. Original Source The post Bernstein Says Custody Services Are the Foundation for Institutional Crypto Adoption appeared first on CryptoX. CryptoX Portal
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Big Eyes, UniSwap, and Near Protocol – Three Altcoins to Consider if You Desire a Great 2023, Plus How Big Eyes’ 200% Bonus Is the Hottest Thing in Crypto Now
Place/Date: – January 17th, 2023 at 11:20 am UTC · 4 min read Source: Big Eyes Coin Photo: Big Eyes Coin As the new year begins, crypto enthusiasts are compelled to make certain tweaks to their crypto holdings going into coming trading seasons. For the prepared ones, it would be a matter of identifying the best time to make their Christmas-funded crypto purchase. However, for crypto investors who may find the new year has begun too quickly to have a near-accurate analysis or effect research, UniSwap (UNI), Near Protocol (NEAR),…