Month: January 2023

Bitcoin Price Rises to $23K for First Time since August Fueled by Whales’ Accumulation

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Bitcoin price has obliterated FTX and Alameda losses after rallying more than 33 percent in the past three weeks. Bitcoin price continued with its past few weeks’ rally over the weekend to hit $23k. Although the asset has scaled down to $22,700 during the early Asian trading session on Monday, Bitcoin’s market dominance has risen to 41.90 percent. Following the three-week pump, Bitcoin’s market capitalization has topped $438,187,899,265 fueled by huge whale accumulation, according to on-chain data. According to market intelligence platform Santiment, Bitcoin addresses holding between 1,000 to 10,000…

Are Big Players No Longer Interested In Bitcoin?

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Bitcoin prices are trending higher, but big players appear hesitant to buy into the current rally. Bitcoin Reserves Dropping On-chain data shows that exchange, digital asset banks, and miner BTC reserves are relatively lower. Over the past weeks, the spot price of BTC has soared over 40%, bottoming at around $15,300 registered in Q4 2022. Bitcoin has now risen to retest $23,300, reaching a new Q1 2023 high. Bitcoin Price on January 23| Source: BTCUSD on BitStamp, Trading View As history shows, the spike in Bitcoin prices should be at…

Crypto Gaming Token AXS Surges 40% Ahead of $64 Million Token Unlock

Some observers have long argued that the impact of unlocks accentuate the prevailing market trend. “Large unlocks of tokens are a complex event that interface with market psychology. Simply put, large unlocks can be bullish catalysts in bulls, and bearish catalysts in bears. They unlock liquidity to continue the prevailing trend,” Chris Burniske, co-founder of New York-based crypto-focused venture firm Placeholder tweeted in April 2021, explaining the bullish reactions to token unlocks that took place in early 2021. Source

Cardano Network Quickly Recovers After Brief Node Outage

“The real takeaway for me is how impressively resilient the cardano network is. Something took down ~60% of nodes and the network recovered in a few minutes, and continued producing blocks throughout,” Pi Lanningham, chief technology officer of Cardano-based decentralized exchange SundaeSwap, tweeted. Source CardanoNetworkNodeOutagequicklyRecovers CryptoX Portal

Cardano recovers from an outage on 50% relay and block-producing nodes

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Cardano stake pool operators (SPO) and users have been reporting at least half of the nodes for the network briefly went offline over the weekend.  According to a Jan. 22 post shared on the Telegram SPO for Input Output Global, the engineering and research in fintech behind the Cardano blockchain, an anomaly caused 50% of Cardano nodes to disconnect and restart.  Last night during the anomaly on the #Cardano network, the entire network did not go down. There was a brief period of degradation. Most nodes impacted had gracefully recovered.…

Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program – Fintech Bitcoin News

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The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat deposits in order to experiment with these in payment applications, increasing their transparency. Bank of Spain Authorizes Digital Euro Token Tests Europe is becoming a hotspot for stablecoins and CBDC (central bank digital currency) experimentation. On Jan. 19, the Bank of Spain greenlighted a pilot program that involves the issuance…

Aptos Climbs 75% – What Keeps APT In The Green In Last 7 Days

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Aptos has been driven upwards by internal developments in the ecosystem. According to CoinGecko, APT is up 75% in the bi-weekly timeframe, notching its biggest gains this January. The Aptos ecosystem mainnet was only released on October 12, 2022, which makes it one of the youngest blockchains in the market. But this hasn’t hindered Aptos as it quickly gained popularity, having over 70 projects being built or are under development on-chain.  With recent developments piling on, the APT token is expected to register higher highs this year.  Positive Developments For…