Features Crypto News by Thebittimes.Com

Source: TradingView The Terra Luna Classic price has dropped by 4.5% in the past 24 hours, falling to $0.00017108 as the wider cryptocurrency market declines by 3% within the same timeframe. Despite this slip, it remains up by just over 16% in the last 30 days, helped along by ongoing token burns and an overall market recovery.  With the aforementioned burns continuing apace, there's a very real expectation that LUNC will continue to post significant gains over the course of 2023. However, if its community want it to return to $1 or higher, it will have to adopt more drastic token burns, since the current rate is much too gradual. Terra Luna Classic Price Prediction as LUNC Spikes Up 16% in 30 Days, $1 LUNC Incoming? LUNC's chart indicates that it's currently weathering a little correction after a couple of weeks of gains. Its relative strength index (purple) dropped below 30 yesterday, signalling overselling, yet it's rising back up towards 40, pote...

Source: AdobeStock / Iryna Budanova Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Legal news A group of Genesis creditors filed a class action (SCA) lawsuit against its parent, the troubled cryptocurrency company Digital Currency Group (DCG). US-based law firm Silver Golub & Teitell filed the suit against DCG and its founder Barry Silbert, alleging violations of the federal securities laws, said the press release. Exchange news Binance mistakenly kept collateral for some of the crypto assets it issues in the same wallet as funds belonging to its customers, Bloomberg reported, citing a Binance spokesperson. “Collateral assets have previously been moved into this wallet in error and referenced accordingly on the B-Token Proof of Collateral page,” the person was quoted as saying. “Binance is aware of this mistake and ...

Over the last couple of weeks, the cryptocurrency industry has made a comeback with its magnetic recovery. The ongoing rally led by Bitcoin [BTC], had the community believing that the bull market is prevailing. However, despite Bitcoin’s march above $23,000, there were a lot of naysayers. This included CNBC host Jim Cramer as well. In a recent episode of Mad Money, Cramer was urging investors to look into gold as opposed to cryptocurrency . JUST IN: Jim Cramer warns investors to stay away from #crypto and stick to gold. — Watcher.Guru (@WatcherGuru) January 24, 2023 Elaborating on the same, Cramer said, “The charts, as interpreted by Carley Garner, suggest you need to ignore the crypto cheerleaders now that bitcoin ’s bouncing. And if you seriously want a real hedge against inflation or economic chaos, she says you should stick with gold. And I agree.” Cramer went on to employ a chart by DeCarley Trading’s Carley Garner. The daily ch...

According to the latest report from the Wall Street Journal, big U.S. banks are collaborating to launch a Digital wallet . This wallet can be used by people to shop online and will cause direct competition with PayPal and Apple Pay . Some of these banks include Wells Fargo, Bank of America, JP Morgan Chase, and four others. All these banking giants are working to build a wallet that can be used for online checkout and payments with merchants and can also be linked with their debit and credit cards. JUST IN: 🇺🇸 US banks team up to launch a Digital wallet to compete with PayPal & Apple Pay . — Watcher.Guru (@WatcherGuru) January 23, 2023 The digital wallet will be managed by Early Warning Services LLC Early Warning Services LLC will be managing the Digital wallet , which is also operating the money transfer service, Zelle. The Digital wallet has not been given a name yet according to EWS. The new digital wallet is likely to begin off...

On January 22, the leading cryptocurrency, Bitcoin, is trading sideways, with the price remaining within a limited range of $22,500 to $23,350. Bitcoin witnessed a strong rise, which might be attributed to whale activity, public buying, and cryptocurrency's ability to disrupt financial systems. After a long period of turbulence, the crypto market's stability has returned, and many people are now optimistic about the coin's future. According to Santiment, the majority of the $1 billion+ accumulation over the last 15 days came from 1-1000 BTC transactions. Furthermore, whales with 1000 - 10,000 BTC holdings accounted for 83% of the accumulation. Why Bitcoin Holders Are Avoiding Leverage During The Current Rally According to GlassNode data, the amount of bitcoin held or lost is at a 5-year high. This demonstrates that the price of bitcoin, in particular, has risen dramatically in recent weeks and months. This is also demonstrated by the fact that leverage h...

An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has stressed that “cryptocurrency does not have any underlying value.” Indian Government Official on Crypto Indian government official Rajeev Chandrasekhar talked about cryptocurrency Thursday at an event in Bengaluru. Chandrasekhar currently serves as both India’s Minister of State for Electronics and Information Technology and Minister of State for Skill Development and Entrepreneurship. He is also a member of Rajya Sabha, the upper house of parliament. He explained that India has no issue with cryptocurrencies if all laws are followed, Reuters reported, quoting him as saying: There is nothing today that outlaws crypto as long as you follow the legal process. The Indian government has not yet established a regulatory framework for crypto...

Join Our Telegram channel to stay up to date on breaking news coverage As investors hope for a market consolidation following yesterday’s retracement, Dogecoin (DOGE) is one of the few assets that many will have on their watchlists. What are the prospects of the leading meme coin erasing one zero before the end of this month? DOGE Price Update In the past 24 hours, the crypto market has looked to stage a comeback after cooling off and losing some of the gains made over the previous week. As a result, the market gained 0.75%. DOGE, one of the biggest and most valuable coins, currently trades at $0.08089. The digital asset’s price is up by 0.2% in the past 24 hours, keeping it in line with the broader market and setting it up for more gains going forward. Despite DOGE’s price increase, its technicals remain unsatisfactory. The digital asset is trading below all its moving average (MA) indicators, ranging from the 10-day MA of $0.08113 to the 200-day MA of $0....