Crypto news

Fundstrat’s head of research – Tom Lee – remains a bitcoin bull and believes the asset could serve as a proper investment tool for certain investors. He added in a recent interview that the entire crypto industry had a horrific year, but he expects the upcoming 2023 will not be the same. 2022 has indeed been a bad year for crypto, with ‘bad’ being quite the understatement. From the declines at the start of the year due to macroeconomic events to the implosion of Terra, which,...

The revenue Bitcoin miners receive is tumbling amid the depressing market conditions and lower prices. Somewhat expected, as the BTC dollar value goes down, so do the proceedings from mining. Data from Blockchain.com reveals that the revenue bitcoin Miners get is tumbling ever since the all-time high reached last year in November. At the time of this writing, it stands at around $11,670,337 for November 26th – the lowest it has been in exactly two years. Source:...

Coinbase is in hot water after close to 100 customers have filed lawsuits against the western hemisphere’s largest digital currency trading platform. Customers Are Angry with Coinbase These customers are accusing Coinbase of turning a blind eye to a scam that ultimately cost them more than $21 million in digital currency funds. The problem stems from the Coinbase Wallet, which last fall, directed users upon being downloaded to fraudulent or phony websites that allowed...

[PRESS RELEASE – Please Read Disclaimer] When you’re just starting to learn about cryptocurrency investing, it can be hard to know which coins and tokens are worth your time and money. If you want to get involved in this fast-growing market but aren’t sure where to start, here are four factors you should consider when choosing cryptocurrency assets to invest in. One such example of a rare project that exemplifies these traits is Orbeon Protocol, and we will also explore why...

El Salvador’s government doubled down on its crypto initiatives by creating a National Bitcoin Office (ONBTC) that will oversee all local projects related to the asset. The new agency will also be able to cooperate with other countries in matters associated with BTC. Enter ONBTC Despite the prolonged bear market, El Salvador’s authorities seem determined to advance their bitcoin strategy. According to a recent LinkedIn post, the government created a National Bitcoin Office...

Argentinian soccer player Lionel Messi has teamed up with a digital currency company called Bit Get. Based in Singapore, the firm will allow fans of the Paris Saint-Germain team – which Messi plays for – to trade digital assets and explore the growing world of web3. Lionel Messi Travels Deeper into the Crypto Space Few details have been announced regarding the deal, though it has been signed ahead of the 2022 FIFA World Cup which is set to take place in Qatar. This will...

The quick downfall of FTX with an $8-10 billion deficit in its balance sheet has left the broader cryptocurrency market reeling under its cascading effects. Besides Proof of Reserves (PoR) and Reserves to Liability (R2L) Ratio data, Indian crypto exchanges, battling low volume caused by high taxation and an unfriendly regulatory environment, have responded to the evolving situation with some fresh initiatives. Polygon CEO’s Self-Custody Buzz Polygon CEO Sandeep Nailwal was...

It’s happened again, folks. Another digital currency exchange has decided to halt all withdrawals, thus preventing its customers from gaining access to their assets. This time around, the company in question is staking platform Freeway, which says one of its trading strategies has failed miserably. This is the reason it’s cited for its recent halting of customer withdrawals. Freeway Prevents Customers from Accessing Their Funds This has been a common theme in the crypto...

Bitcoin keeps trading without any substantial movements, similar to the previous weekend, and seems stuck around $16,500. Its dominance has taken another minor hit as some alts, such as Dogecoin and ApeCoin, have jumped by impressive percentages. APE, DOGE Pump Higher Most of the larger-cap alternative coins stand quiet today, with little-to-no movements, which is somewhat expected as the trading volumes are down again during the weekend. Ethereum, Binance Coin, Ripple,...

Bitcoin’s price action has rebounded significantly while testing key support levels. The next few days could determine whether the market would start a mid-term recovery or the gruesome downtrend would still continue. Technical Analysis By: Edris The Daily Chart: Looking at the daily chart, the correction has been halted over the last couple of weeks above the $16K support level. Regardless, bullish momentum is still lacking, and the price has failed to retest the $18K level....