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Showing posts from February, 2023

Voyager Digital sent around $121m in crypto assets to exchanges, received $150m in USDC

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Join Our Telegram channel to stay up to date on breaking news coverage Voyager Digital, an embattled crypto brokerage, recently started selling off its digital asset holdings on a number of exchanges. According to Arkham Intelligence, Voyager was selling assets at a rate of $100 million per week, and it currently holds nearly $700 million in two wallets. Voyager continuing to sell assets at a rate of around $100M/week. Currently they hold almost $700M in two very large wallets. Their top holdings: $268M ETH $236M USDC $77M SHIB pic.twitter.com/ZtTQSVJLrJ — Arkham (@ArkhamIntel) February 27, 2023 Arkham data also shows that Voyger has transferred at least $54 million in crypto to Coinbase and Binance.US in the last week, likely in order to sell the asset s. The transferred asset s consist of around $24.7 million in ETH, another $12.2 million in SHIB, and approximately $2.5 million in LINK, all in the last seven days. Since the start of February, the broker deposite...

Bitcoin bulls remain in charge even in the face of increasing regulatory FUD

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BTC’s correction to $22,750 followed negative remarks from financial regulators, but key Bitcoin price metrics show bulls remain optimistic. Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors' hope for a soft landing and the possible aversion of a recession in the U.S. economy.  The apex of the U.S. Federal Reserve’s strategy success would be increasing interest rates and scaling back its $9 trillion balance sheet reduction without significatively damaging the economy. If that miracle happens, the outcome would benefit risk assets, including stocks, commodities and Bitcoin. Unfortunately, the cryptocurrency markets took a hit after the $25,200 level was rejected and Bitcoin price plunged 10% between Feb. 21 and Feb. 24. Regulatory pressure, mainly from the U.S., partially expla...

Calvaria: The Play-to-Earn Crypto Game That’s Set to Disrupt the Gaming Industry – Join the Future Here

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Join Our Telegram channel to stay up to date on breaking news coverage Calvaria, one of the best P2E projects to launch last year, has started its token generation event. Early movers can now go to the official website and claim their tokens. Calvaria is a Play-to-Earn project that has created an ecosystem to entice non-crypto gamers. It has done so to increase the relevance of crypto games. The project’s presale started last year and was closed ahead of time when it raised more than $4.79 million before its deadline. With the Token Generation Event started, Calvaria has also revealed the first exchanges to list RIA tokens. Calvaria – Making Big Moves to Change the Crypto Gaming Industry Crypto gaming has always had a love-hate relationship with traditional gamers – and for a good reason. Games like Axie Infinity made it very certain when they arrived that they would cater to a particular niche. The result – it received an influx of gamers belonging t...

Solana Spaces is closing shops in Miami and New York

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Join Our Telegram channel to stay up to date on breaking news coverage On Tuesday, Solana Spaces, a company that creates storefronts with Solana themes, announced the shutdown of its company-owned and operated locations. This ambitious project has been halted by the protracted crypto winter. According to the Solana Spaces Twitter account, We’ve made the difficult decision to sunset our storefronts in NYC and Miami by the end of February, and to pivot our Solana onboarding efforts into digital goods like DRiP, our free NFT product with over 100k sign-ups.   The following is a note from our founder, @vibhu. Dear @solanaspaces community, We’ve made the difficult decision to sunset our stores in NYC and Miami by the end of February, and to pivot our Solana onboarding efforts into digital products like DRiP, our free NFT product with… https://t.co/kjNu9Ay4Gk — Solana Spaces (@solanaspaces) February 21, 2023   The company behind Solana Spac...

Eclipse to Launch Rollup Blockchain for Polygon Network with Solana Compatibility

Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) will be easily migratable to the Polygon Sealevel Virtual Machine (SVM). How Eclipse’s L2 Scaling Concept Hopes to Improve Blockchain Efficiency On Thursday, rollup provider Eclipse announced that the startup is collaborating with the Polygon team to launch the Polygon Sealevel Virtual Machine (SVM). Eclipse noted that the Polygon SVM will add new use cases and traffic to the Polygon ecosystem. Furthermore, the technology will leverage the security of Polygon and aims to provide a faster and more efficient experience. Eclipse works with customizable rollups, a Layer 2 (L2) scaling concept that combines a large number of transactions to validate them all at once offchain, before committing them back to the blockchain. Rollu...

Former FTX CEO Sam Bankman-Fried Faces New Charges in Multi-Billion Dollar Fraud Case

Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4 New Charges Tacked Onto His Indictment The former CEO of FTX was originally indicted 72 days ago by a federal grand jury in Manhattan, and prosecutors charged the crypto exchange co-founder with eight different offenses. The charges include conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering. A new indictment was unsealed by the court on February 22, 2023, adding four new charges to SBF’s case. The charges include operating an unlicensed money transmitter and conspiracy to commit bank fraud. “Exploiting the trust that FTX customers placed in him and his exchange, Bankman-Fried stole FTX customer deposits and used bil...

Internet Computer (ICP) Price Prediction, What Do the Charts Suggest Today?

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Join Our Telegram channel to stay up to date on breaking news coverage ICP is currently down by 7.89% within 24 hours, trading at $7.26 today, February 20. Last month, the Internet Computer token traded at $4.60 on January 14 before closing the market the same day at $5.05.  From January 15 to 26, ICP traded between $4 and $5 until January 27, when it rose to $6.05. From that day, the token recorded little rallies and pullbacks until February 17, when the price rose to $7.32. It has maintained this price level till today, February 20.  Also, ICP reached an intraday high of $8.17 on February 19 before closing at $7.33. Even though the bearish pressure today has pushed the price down by 11%, the ICP community is optimistic about its potential to gain.  Internet Computer Price Prediction  Source: Tradingview.com Internet Computer (ICP) price is recording a slight pullback in the market today. After it traded at $7.32 on February 17, forming a long green candle on the daily ch...

Bitcoin Price Prediction for Today, February 22: BTC Price Is Consolidating near the $25K Resistance Level

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Bitcoin Is Set for a Rally as BTC Price Consolidates near the $25K Resistance Level – February 22, 2023 The price of Bitcoin (BTC) is consolidating near the $25K resistance level as bulls continue to retest the area. The bears have defended the resistance above the $25,000 high. On the other hand, the bulls are steadfast in their approach and they are continuing to retest the resistance at $25,000. The largest cryptocurrency asset has continued to hold above $24,000 support in anticipation of a breakout. Bitcoin Price Statistics Data: •Bitcoin price now – $24,102.49 •Bitcoin market cap – $465,248,872,105 •Bitcoin circulating supply – 19,298,687 BTC •Bitcoin total supply – $505,478,733,067 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 On February 20, the BTC price made another attempt to cross the resistance zone, but it was unsuccessful. T...

Shiba Inu Burn Rate Plummets by -95.44%, Price Drops

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The Shiba Inu Burn initiative has been one of the most important developments in the meme coin ecosystem. With over 549,063,278,876,302 SHIB in circulation, the entire goal is to bring down the supply, create scarcity, and induce a price hike in the long term. February started off on a positive note, with over 98.2 million Shiba Inu sent to dead wallets in the last week. The burn rate also spiked by 10,000% earlier this month. However, the burn rate is also quite known for its volatile nature, just like its price. Also read: Ripple vs. SEC: Deaton Says SEC May Have Snatched Defeat From the Jaws of Victory Today seems to be a slow day for the burn rate, as it has dropped by -95.45% over the last 24 hours. Source: Shibburn Only 520,639 SHIB sent to dead wallets According to the details from Shibburn, only 520,639 SHIB have been sent to dead wallets in the last 24 hours. This has been another day where the number of SHIB burned was under a million. The price of Shiba...

Bitcoin Investors Endured More Losses Than Profits Since 2015

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The cryptocurrency industry has witnessed tremendous growth over the last couple of years. Even though the world’s largest cryptocurrency Bitcoin [BTC] was started out for the average joe, institutional investors seemed to be making the most out of it. This is reflected in profits as well. A recent report by the Bank for International Settlements highlights how retail investor returns on Bitcoin took a major hit over the last 7 years. The BIS report noted that from 2015 to Dec 2022, the median retail investor lost nearly half of their initial investment. This is quite surprising considering the fact that Bitcoin witnessed several rallies during this period. The report read, “However, most global investors have probably lost money on their crypto investments. These losses could be exacerbated by the fact that larger, more sophisticated investors tended to sell their coins right before steep price declines, while smaller investors were still buying,” The stu...

Crypto Expert Predicts $1.8M BTC Price Boom After BTC Halving

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A well-known crypto analyst just revealed his long-term goal for the current Bitcoin cycle, and it’s a big one. The trader, whose real name is Filbfilb, tells his 85,000 Twitter followers that he is now aiming for $180,000 for the top cryptocurrency. The analyst says that the key event is the halving of Bitcoin, which will happen in about a year. The halving, which happens every four years, will cut the amount of new BTC coming onto the market from 6.25 Bitcoin per block to 3.125 Bitcoin per block. In the past, when the supply of Bitcoin went down, the price went up or down a lot, and the trader thinks that will happen again this time. “Bitcoin halving is due for March 2024. If history is anything to go off then you have 18 months absolute max to get your shit together before we start doing all sorts of crazy stuff above the all-time high again.” $180k; that’s the target. — filbfilb (@filbfilb) February 19, 2023 Filbfilb says that tra...

More US Stores Add BTC Payments Via Bitcoin Depot

- Advertisement - The prominent crypto ATM operator, Bitcoin Depot has signed numerous partnerships with up to 440 North American stores since H2 2022. - Advertisement - Bitcoin Depot, the world’s largest multi-cryptocurrency ATM operator, has announced a series of new partnerships across numerous states in the U.S. that would see more retail stores accept Bitcoin (BTC) as a payment option. The latest development brings Bitcoin Depot’s partnerships in North America to 440 by the second half of 2022. The new partnerships involve numerous U.S.-based stores, including Majors Management, Gas Express, Stinker Stores, High’s, and FastLane, according to an official announcement today. The collaborations further solidify Bitcoin Depot’s presence in the U.S. and take the crypto ATM operator a step closer to achieving its dream of bringing crypto to the masses. “We are seeing more retailers understand the potential value of providing their customers access to Bit...

New Crypto Presale Neon Link Blockchain Gaming Ecosystem – Next 100x Altcoin Revealed?

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Join Our Telegram channel to stay up to date on breaking news coverage A brand new project that launched with a complete ecosystem Neon Link, has raised $183k in the first 25 minutes of its token presale. Neon Link will revolutionize the gaming industry with its dedicated blockchain network, cutting-edge development tools, and unparalleled games with actual player ownership, while elevating the potential of developers and enhancing the experience for players. The full Neon Link crypto presale review in the video above, follow his YouTube channel for more potential crypto presale reviews. What is Neon Link Neon Link is building a fully-fledged blockchain ecosystem with a complete focus on the video games industry. It aims to provide a secure and decentralized platform for game developers, players, and other stakeholders in the gaming community to efficiently interact and exchange value with one another. Through the Neon blockchain, accompanying products and the comprehensiv...