Tag: News

Data suggests Avalanche’s (AVAX) rally was a buy the rumor, sell the news event

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Avalanche (AVAX) came into the spotlight early at the beginning of 2023 by adding its blockchain support to Amazon Web Services (AWS) cloud. However, empirical and on-chain analysis suggests that Avalanche’s price surge is likely due to a broader cryptocurrency market pump which will likely end with the rest of the market. Is Avalanche’s Amazon news exaggerated? While integration with the world’s largest blockchain service is a positive step for Avalanche, the hype around its implications might be exaggerated. The evidence lies in a similar move that Avalanche’s team made…

FTX’s $5.5 Billion in Alleged ‘Liquid Assets’ Includes Locked SOL Cache and Illiquid FTT Holdings – Bitcoin News

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Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital currencies classified as “liquid assets.” However, two of the firm’s top cryptocurrency caches are not liquid as the company’s 47.51 million SOL tokens are locked and the firm’s FTT balance distorts the realization of actual liquidity due to FTX’s control of more than 80% of the supply. Locked Solana and Illiquid FTT Assets to…

Feature Film Mints Every Frame into a Non-Fungible Token (NFT) – Blockchain News, Opinion, TV and Jobs

The Rideshare Killer a horror/thriller feature film that explores some of the potential risks of using ridesharing services, has just become the first “every frame minted” (EFM) film. The producers minted all 119,170 frames of the feature film into individual 1-of-1 NFTs on the Polygon Blockchain. With nearly 120,000 individual NFTs minted, The Rideshare Killer offers horror fans a unique way of supporting the film, owning a unique collectible that could possibly appreciate in value, and being a part of the film’s legacy. As the NFT space matures, more films…

Meme Coins Move Lower, With SHIB Declining by 10% – Market Updates Bitcoin News

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Meme coins moved lower on Jan. 19, as cryptocurrency markets plunged following recent highs. Shiba inu, which rose to a nine-week high on Wednesday, fell by nearly 10% today. Markets have been largely overbought in the past few days, with bears seemingly reentering. Dogecoin was also in the red today. Shiba Inu (SHIB) Shiba inu (SHIB), which was one of Wednesday’s biggest gainers, climbing by as much as 17%, fell by over 10% today. Following a high of $0.00001295 in yesterday’s session, SHIB/USD dropped to an intraday low of $0.00001097…

Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization – Economics Bitcoin News

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After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last March the country would consider accepting the Chinese currency. Saudi Arabia’s Move Away from US Dollar Signals Changing Economic Landscape This week, the world’s elite met in the Swiss Alpine town of Davos for the 2023 World Economic Forum, and…

ETH, BTC Lower, US Retail Sales Slow – Market Updates Bitcoin News

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Ethereum fell lower on Thursday, as cryptocurrency markets continued to react to the latest U.S. retail sales figures. Sales in the United States fell by more than expected, coming in 1.1% lower in December. Bitcoin also declined in today’s session, with prices falling below the $21,000 mark. Bitcoin Bitcoin (BTC) dropped below the $21,000 mark on Thursday, as crypto markets fell following slowing U.S. retail sales figures. The decline saw BTC/USD hit an intraday low of $20,541.54 earlier in today’s session, fresh from a four-month high of $21,564.50. Since the…

Ukraine to Be Best Crypto Jurisdiction With New Tax Rules, Digital Minister Says in Davos – Regulation Bitcoin News

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Ukraine will become the world’s best jurisdiction for crypto assets, the minister overseeing the country’s digital transformation promised. Speaking with media at the World Economic Forum in Davos, Mykhailo Fedorov praised the support from the crypto community for his war-struck nation. Crypto Donations Have Been Critically Helpful to Ukraine Amid Invasion, Fedorov Says During the early stages of Russia’s military invasion, donations through cryptocurrency were “critically helpful to Ukraine,” the country’s Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov told journalists in Davos, Switzerland. During a press conference…

How Bitget Became a Dark Horse and Earns Market Share and Trust From Millions in Crypto Winter – Sponsored Bitcoin News

2022 was one of the roughest years in the crypto industry, which saw the collapse of Terra LUNA, Celsius, and FTX, consequently wiping out over $2 trillion from the crypto market. However, the dark horse in the face of these ugly events was the crypto exchange – Bitget. Despite the hardships in the market, Bitget grew in all aspects; the company made great strides in building our team, brand, and business over the last 12 months during the crypto winter. The exchange expanded its services to the global Web3 market…

East African Community to Decide on Regional Central Bank Launch in 2023 – Africa Bitcoin News

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The East African Community (EAC) will decide during the course of the year 2023 when and where it will locate the envisioned regional central bank, the regional intergovernmental organization’s Peter Mathuki has reportedly said. The setting up of the regional central bank is expected to help the EAC achieve its goal of attaining a single currency regime in three years. Location of the Regional Central Bank As the East African Community (EAC) inches towards its single currency regime objective, a top official said the regional intergovernmental organization would decide when…

Ethereum’s transition to proof-of-stake | Blockchain News

ssv.network, a provider of validator infrastructure, has announced the introduction of a new ecosystem fund to assist Ethereum proof-of-stake decentralisation. The business said that this step will foster innovation around Ether (ETH) staking technology. The business made the announcement on January 19 about the ecosystem fund, which has a value of fifty million dollars and would help companies creating apps employing distributed validator technology, or DVT. The primary purpose of the fund is to provide financial support for DVT use cases that contribute to Ethereum’s efforts to decentralise the platform…