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January 2023

Ethereum Hits a Ten-Week High and Turns Deflationary Again

Ethereum Hits a Ten-Week High and Turns Deflationary Again

In the early hours of January 16, Ethereum prices approached $1,600. ETH reached its highest price since November 8 this morning, reaching $1,589 after extending weekend gains.  At the time of publication, the asset was trading at $1,568 and had gained 3% over the previous 24 hours. In addition, ETH has increased by more than […]

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The three most important crypto stories to watch this week are: Where will Bitcoin's price head next?

The three most important crypto stories to watch this week are: Where will Bitcoin’s price head next?

Two weeks into 2023, the pace of the cryptocurrency news cycle is showing no signs of easing. Some of the month’s major headlines are still developing as the new week begins.  The Securities and Exchange Commission expressed its displeasure last week with the cryptocurrency financial services provider Genesis. Over the weekend, prices for digital assets

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Will Terra Classic (LUNC) Price Increase with This New Update

Will Terra Classic (LUNC) Price Increase with This New Update

The Tera Classic (LUNC) crypto token has benefited significantly from a successful integration with Interchain Station. The rebranded Terra network will join a list of other blockchains, including Osmosis, Juno, and SEI, among others, to help steer the network in the right direction, according to Jared, the lead developer at Terraform Labs, who announced on

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Shiba Inu News 3.3 Trillion SHIB Moved Ahead Of Metaverse Showcase Invite

Shiba Inu News 3.3 Trillion SHIB Moved Ahead Of Metaverse Showcase Invite

Shiba Inu Coin News: Meme coin fans will not want to miss SXSW 2023 in Austin, Texas, according to a recent announcement. It will, however, include an exclusive exhibition of SHIB: The Metaverse, a Shiba Inu-themed metaverse project. Shiba Inu and SHIB The Metaverse gear up WAGMI Temple, the first of 11 hubs in its

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Hive Blockchain Deploys First Intel-Powered Bitcoin Mining Machines

Hive Blockchain Deploys First Intel-Powered Bitcoin Mining Machines

Hive Blockchain (HIVE), a bitcoin mining company, announced on Friday that it had deployed its first machines using Intel’s (INTC) Blockscale CPUs. The new chips not only have the ability to end Bitmain and MicroBT’s effective monopoly on the mining machine market, but they also provide mining businesses the freedom to create machines that exactly

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Here’s How Much Your 00 Investment in MANA Will Be Worth If It Reaches

Here’s How Much Your $1000 Investment in MANA Will Be Worth If It Reaches $1

MANA, Decentraland’s native token, has seen a significant price increase in recent days. Its value has increased by 37.13% in the last 24 hours and 72.54% in the last seven days. MANA’s price has been steadily rising for quite some time. MANA has increased by 61.08% over the last 30 days and 35.74% over the

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Binance Chief Doubles the Target for Crypto Recovery Fund to  Billion

Binance Chief Doubles the Target for Crypto Recovery Fund to $2 Billion

Binance CEO Changpeng Zhao has been actively working to establish a recovery fund to assist distressed but fundamentally strong firms since the collapse of the crypto exchange FTX. Binance has also increased its fund-raising plans from $1 billion to $2 billion. During his interview on Thursday, November 24, Zhao stated that the crypto recovery fund

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Axie Infinity [AXS]: A hike in user activity on the play-to-earn platform means that...

Axie Infinity [AXS]: A hike in user activity on the play-to-earn platform means that…

Data from DappRadar shows that since the start of 2023, user activity on the top play-to-earn platform Axie Infinity [AXS] has increased due to the resurgence of interest in NFTs and the gaming sector of the crypto ecosystem. The play-to-earn gaming ecosystem saw a sharp reduction in user engagement in 2022 because of the general

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Samsung’s Asset Management Subsidiary Launches Bitcoin Futures ETF in Asia

Samsung’s Asset Management Subsidiary Launches Bitcoin Futures ETF in Asia

Asian investors will soon have access to Bitcoin (BTC) futures exchange-traded funds (ETFs) through Samsung Asset Management’s Hong Kong-based business. Samsung Asset Management is the largest investment manager in Korea. The new investment product will reportedly be listed on the Hong Kong Exchanges and Clearing Limited (HKEX) on January 13th, according to Samsung Asset Management

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Reserve Bank of India wants cryptocurrencies treated as gambling

Reserve Bank of India wants cryptocurrencies treated as gambling

Shaktikanta Das, Governor of the Reserve Bank of India (RBI), has reaffirmed his position in asking for the prohibition of cryptocurrencies because they are speculative and similar to gambling. According to Das, the RBI’s position on cryptocurrencies is unchanged, noting that they should be viewed like gambling activities rather than as financial products, India Today

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