Features Crypto News by Thebittimes.Com

Terra Luna Classic struggles to hold support above support at $0.00014, hours ahead of the New Year. The previous year – 2021, saw investors and crypto enthusiasts beam with the hope that 2022 would be laced with world-class developments and key milestones. Ordinary people casually discussed cryptocurrency, mentioning how Ethereum (ETH) differs from Bitcoin (BTC). Sports arenas were treated to flashy promotion campaigns from companies like FTX and Crypto.com. 2021 allowed nonfungible tokens, better known as NFTs hit new milestones amid increased adoption in the mainstream economy. Fast forward a year later, palatable topics turned bitter, starting with the collapse of Terra (LUNA) and its stablecoin ecosystem powered by TerraUSD (UST). From here, it has been a downtrend for the larger cryptocurrency and worse for companies like Three Arrows Capital, Voyager Digital and Celsius Network. When investors were finally looking forward to a year-end rally, Sam Bankman...

Anything could happen in the coming weeks and months when Bitcoin attempts to break out of its post-FTX trading range. Bitcoin (BTC) is approaching the end of 2022 at levels not seen in over two years — what do traders think will happen next? BTC price reeling from USD strength Currently down 15% in Q4 and over 60% year-to-date, BTC/USD has few bullish allies as 2023 looms. Struggling to recover from the ongoing FTX scandal and associated fallout, the largest cryptocurrency giving back all the gains seen since late 2020 is indicative of the crypto market as a whole. Risk assets are in a precious position themselves, as Cointelegraph reported, while eyes are also on the strength of the U.S. dollar going into the new year. Cointelegraph takes a look at the diverging opinions among some popular traders when it comes to what BTC price action could do in Q1, 2023. Crypto Tony: Short with daily range low target One market participant taking no chances on the last day of trading on Wall Stre...

Join Our Telegram channel to stay up to date on breaking news coverage Dash 2 Trade has already sold 85% of the tokens in it’s presale, which will end in a week, and offering early investors high returns in 2023. The Dash 2 Trade presale is soon come to an end. The project has raised over $11 million and is prepared for the first CEX listing on 11th January 2023. Find the full Dash 2 Trade presale update in the video above, follow his YouTube channel for more crypto presale updates. Dash 2 Trade Overview Dash 2 Trade offers users the opportunity to enhance opportunity to enhance their profits by offering a wide range of innovative tools and analytics which investors and traders can benefit from. The inclusion of a dashboard of world-class quality level is what sets Dash 2 Trade apart from its competitors. Users are able to engage with this dashboard in order to gain access to important trading tools that will allow them to improve the quality of their trades. Users are...

Dogecoin and Shiba Inu have possibly been the two most significant meme coin s on the market. Since last year, investors’ attention to meme coin s has generally increased. In spite of the prolonged bear market and the demise of FTX, SHIB adoption has accelerated. The Shiba Inu team is indeed concentrating on several projects to improve the ecosystem. Shiba Inu Eternity, SHIB Burns, and other new developments are being developed and put into practice by the team. At the time of publication, according to CoinMarketCap data, SHIB is trading at $0.000007988, with a 1.6% drop in value over the last 24 hours. Here is our price prediction for Shiba Inu in January 2023. SHIB price prediction for January 2023 December hasn’t been great for the meme coin in terms of price. Earlier this month, Shiba Inu was trading at $0.00000931. It is evident that it is trading way less than it was at the beginning of the month. Analysts at Changelly have revealed that in 2023, SH...

Source: Subinpumsom/Adobe The central People’s Bank of China (PBoC) has updated its digital yuan app – and is attempting to drive up adoption with new gifting and invitation functions. The newspaper Beijing Business Today reported that the smartphone app, which was launched in January this year, has undergone another facelift. The app’s first major update focused on UI improvements and was made in March. But the latest update has added functions that are aimed at increasing adoption using social networks. The first main new function is a gift-giving menu that allows users to send cash gifts to one another. This comes replete with e-gift cards in the form of “red envelopes.”  In Chinese culture, it is customary for relatives and close friends to give one another red envelopes containing banknotes to mark occasions such as birthdays and weddings. Relatives also give out these envelopes on special occasions such as the Lunar New Year a...

The pump was triggered by this technical breakout. Source: TradingView Despite the fact that broader cryptocurrency markets are flatlining into the year’s end amid low volumes, with many traders and big market players taking holidays, LUNC is seeing a pump. LUNC is the cryptocurrency that powers the still functioning original version of the Terra blockchain and was last trading higher by about 25% on the week just to the north of the $0.00018 level. The cryptocurrency’s near-term technical outlook recently took a turn for the better and, as a result, price predictions are becoming more bullish. LUNC has been pumping in the last few days. Source: TradingView LUNC Breaks Key Medium-term Downtrend LUNC’s latest rally looks to be as a result of a technical breakout from a downtrend that has been in play since early October. The latest surge, which has seen LUNC jump above $0.00018 from around $0.000145 at the start of the week, has seen the cryptocurren...

Crypto custodians generate public attestations about their cryptocurrency holdings through proof-of-reserves audits to demonstrate their solvency to depositors. With the rising interest in digital assets from institutional and retail investors, custody options have also experienced parallel growth. As a result, different kinds of custody choices have evolved as the market changes, and new providers are working to establish the structures and controls that are most effective for particular markets and offerings. Self-custody, exchange wallets and third-party custodians are the various choices available for users to safeguard their cryptocurrencies. Custodians in the world of digital assets function similarly to traditional financial markets in that their primary duty is to take care of and protect their clients’ assets by holding the private key on behalf of the asset holder, preventing unauthorized access.  However, despite such efforts, events such as the collapse of FTX (a cryptocur...

Tesla CEO and Twitter chief Elon Musk has confirmed that the social media company is no longer “in the fast lane to bankruptcy.” Nonetheless, the billionaire emphasized that there is still much work to do on the platform. “But overall it seems to be going in a good direction.” Twitter Won’t Go Bankrupt Anytime Soon, Says Elon Musk Tesla CEO and Twitter chief Elon Musk revealed over the weekend that Twitter will not be filing for bankruptcy anytime soon. He said on the All-In podcast Saturday: We’ve got the expenses reasonably under control, so the company’s not in the fast lane to bankruptcy anymore. “It has been quite a roller coaster,” he added. “It has its highs and lows, to say the least, but overall it seems to be going in a good direction.” Following the podcast, Musk tweeted clarifying that Twitter is not secure yet and there is still “much work to do.” The Twitter boss further shared on the podc...

The on-going bear market shows no sings of coming to an end. As a result, asset prices remain to be stagnated. Over the past hour and week, Shiba Inu has registered minor gains under 0.5%. Over the past day, nonetheless, the RoI stood in red. Market participants, however, have not yet given up hope. On Coinbase, for instance, the typical hold time by investors is currently 213 days. The same marks a slight increase from mid-December. While the asset ranked fifteen on CMC based on market cap, it managed to bag the twelfth spot popularity wise on Coinbase. Shiba Inu Market Stats | Source: Coinbase Also Read: Did Shiba Inu, Dogecoin Perform Better Than Tesla in 2022? The Macro Shiba Inu Trend The larger picture also seemed to be quite encouraging at press time. Data from ITB revealed that the number of participants holding their asset for a period of more than a year have risen by 10.29% over the past month. In terms of absolute value, the number stood at 718.63k at press time...

The latest U.S. economic data fails to induce volatility in an otherwise flat Bitcoin price playing field. Bitcoin (BTC) saw a flicker of volatility around the Dec. 23 Wall Street open as the latest United States inflation data came in line with expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sees "crumb" of volatility on PCE Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly decoupling from solid sideways action to dip to $16,750 on Bitstamp. The impact of the November U.S. Personal Consumption Expenditures (PCE) Price Index print was notably muted, this despite the data forming a key component of Federal Reserve policy. Even in the low-volume, low-volatility environment Bitcoin continues to trade in, PCE barely moved markets as traders began to accept that Christmas 2022 may be an underwhelming one. “Hope you enjoyed that little crumb of vol, it's probably the last,” popular Twitter account Byzantine General re...

Join Our Telegram channel to stay up to date on breaking news coverage After crashing in November due to the collapse of FTX, formerly among the biggest and quickest crypto exchanges in the world, cryptocurrency markets are still trying to find their footing. Ethereum’s native coin, Ether, had recovered to above $1,700 just before the FTX story began to unravel, but it has since fallen precipitously. As of writing this article, the Ethereum price is about $1,215, and it has stayed more or less at the same level for the past several days. The token has been unable to recover its losses and break back over $1,300. Experts are uncertain about the long-term repercussions of FTX’s implosion, but the recent run of bankruptcies raises the possibility that the current crypto bear market, commonly known as “crypto winter,” may go longer than expected. However, analysts agree that the current market turmoil is likely exacerbating the cryptocurrency price declines...

The average bug bounty payout over 1,248 confirmed reports was $52,800. According to a new report released on Dec. 21, Blockchain security firm Immunefi said that it has processed more than $65,918,994 crypto bounties paid to ethical hackers over 1,248 reports since its inception on Dec. 9, 2020. Web 3.0 projects list bounty programs on ImmuneFi to encourage whitehat hackers to report vulnerabilities and claim monetary rewards, which the company then facilitates. The payouts appear to be concentrated in nature, with bounty programs operated by Wormhole, Aurora, Polygon, Optimism, and an undisclosed firm accounting for $30.2 million worth of rewards in the past year. The median payout was $2,000, and the average payout was $52,800. A small number of critical vulnerability bug reports received the highest rewards.  "A $5,000 bounty payout for a critical vulnerability may work in the web2 world, for example, but it does not work in the web3 world. If the direct loss of funds for...

The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session. Republican Senator Pat Toomey, who is set to retire from U.S. Congress at the end of the term, has used one of his last few weeks in office to introduce a new stablecoin bill, aimed at creating a regulatory framework for “payment stablecoins.” Toomey — who also serves as the Ranking Member of the U.S. Banking Committee — said the Dec. 21 bill, called the Stablecoin TRUST Act of 2022 would serve as a framework for stablecoin regulation for his fellow senators who are looking to push out stablecoin legislation in 2023. In a statement, the senator called stablecoins an “exciting technological development that could transform money and payments,” adding: “By digitizing the U.S. dollar and making it available on a global, instant, and nearly cost-free basis, stablecoins could be widely used across the physical economy in a variety of ways.” If passed by Cong...