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Showing posts from January, 2023

Nigeria Extends Deadline for Returning Soon-to-Be Demonetized Naira Banknotes

After initially ignoring pleas to extend the period for returning old naira bank notes , the Nigerian central bank recently said it has shifted the deadline for returning old bank notes to Feb. 10. The bank’s governor, Godwin Emefiele, said some 30,000 so-called super agents have been deployed nationwide to help with the cash-swapping process. CBN Governor Says Currency Swapping Exercise Has Been a Success The Central Bank of Nigeria (CBN) recently said it had extended the deadline for returning the old naira bank notes by ten more days. In his Jan. 29 press statement, CBN governor Godwin Emefiele said while the exercise has been a success, shifting the deadline date from Jan. 31 to Feb. 10 helps the bank achieve success in rural communities. The announcement follows weeks of pleas by residents who wanted to be granted more time to return the soon-to-be demonetized naira bank notes . The announcement of the extension also came just a few days after a Bitcoin.com News report sugges

Did Celsius Use Client's BTC and ETH to Pump the CEL Token?

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Celsius filed for Chapter 11 bankruptcy in July 2022, owing more than $4 billion in consumer debt. Over the last few months, the company has been the subject of numerous investigations. The cryptocurrency loan companies were primarily victims of the collapse of the 2022 cryptocurrency industry. Celsius Network, Voyager, and Three Arrows Capital were among the worst hits. Celsius is currently working on a number of reorganization procedures. This includes the possible introduction of a new token. Read more: UK’s GBPT Stablecoin Now Available for Withdrawal at 18,000 ATMs However, the falling market conditions or the fall of Terra are not primarily the main reason for the Cryptocurrency lender ’s downfall, according to the investigators. It is rather the poor business model that caused its downfall. “ Celsius Network on a stand-alone basis has been insolvent since inception”, according to Shoba Pillay, the former federal prosecutor. Source: Outlook India Celsius use

Terra Luna Price Prediction as LUNA Falls 10% in 24 Hours - Here's Where LUNA is Headed Next

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Source: TradingView The Terra Luna price has dopped to $2.00 today, with the altcoin falling by as much as 10% in the past 24-hour period. Its current level represents an 11% fall in a week, although it remains up by 58% in the last 30 days, making it one of the best-performing coins in the top-100 cryptocurrencies by market cap. LUNA's fall today follows news that Binance has updated the 'risk warning' it gives to customers when they trade the altcoin, with the exchange now advising users that the "token has been the subject of negative news/coverage recently." Despite this being a relative improvement over its previous warning, the change has nonetheless underlined the possibility that LUNA will never be considered a 'normal' or 'safe' cryptocurrency, and therefore may not be able to return to its former heights. Terra Luna Price Prediction as LUNA Falls 10% in 24 Hours - Here's Where LUNA is Headed Next LUNA's chart a

Bitcoin Difficulty Surges 4.68%, Taps New All-Time High; Metric Set to Surpass 40 Trillion

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The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144. The network’s difficulty increased by 4.68%, from 37.59 trillion to an all-time high of 39.35 trillion. Bitcoin Difficulty Reaches New All-Time High as Mining Gets Tougher Bitcoin’s difficulty reached another all-time high, surpassing the record set two weeks ago, after rising 4.68% on Sunday. The increase occurred at block height 774,144, at 6:10 a.m. (UTC). The difficulty is now at 39.35 trillion, close to surpassing 40 trillion. The next adjustment is due Feb. 11, 2023. The rise makes mining blocks more difficult, following a 4.68% jump after the 10.26% increase on Jan. 15, 2023. Jan. 29 statistics show a hashrate of 279.7 exahash per second (EH/s) over the last 2,016 blocks, currently at 283.55 EH/s dedicated to the Bitcoin blockchain. Statistics from macromicro.me on Jan. 28, 2023, estimate the cost of BTC production at $21,176 per unit. On Jan. 29, the spot price w

Dash Price Prediction for Today, January 29: DASH/USD Spikes to the North as Price Touches $58.3 Level

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Join Our Telegram channel to stay up to date on breaking news coverage The Dash price prediction shows that DASH could be ready for the uptrend, and it may fundamentally break above $60 respectively. Dash Prediction Statistics Data: Dash price now – $57.33 Dash market cap – $640.3 million Dash circulating supply – 11.1 million Dash Coinmarketcap ranking – #69 DASH/USD Market Key Levels: Resistance levels: $65, $67, $69 Support levels: $44, $42, $40 DASHUSD – Daily Chart DASH/USD is likely to cross above the upper boundary of the channel to increase the bullish movement. Meanwhile, the cryptocurrency might kick-start another bullish run back above $60 if the buyers increase the pressure. Nevertheless, the Dash price has to keep the uptrend before hitting the $60 resistance level. Dash Price Prediction: Dash (DASH) Trades Positively The Dash price is currently hovering above the 9-day and 21-day moving averages. If the buyers begin to grind higher, the first resista

5 reasons why the Aptos (APT) rally could still have wings

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Aptos’ star-studded founders and the market’s disbelief in the rally could further fuel the rise in APT price. Aptos (APT) reached a new all-time high of $20.39 after posting gains exceeding 400% since the start of 2023. While the rally could just be a pump-and-dump event due to the perception of weak fundamentals, increasing negative sentiment toward the token will likely fuel the prices in the short term. Let’s explore some of the factors that could be propelling the Aptos price rally. A rich history and strong investor backing Aptos is a byproduct of Facebook’s attempt with the Libra blockchain, which regulators forcibly shut down. Two of Libra’s leadership team members, Mo Shaikh and Avery Ching, later found Aptos, a decentralized version of the abandoned blockchain project. The Move programming language-based project introduces a new class of Layer-1 blockchains that will compete against the likes of Solana and Cardano. Investors’ hope for a technological breakthrough, Aptos that

State senator pushes bill to make Bitcoin legal tender in Arizona

The state senator also introduced a similar bill that aims to make Bitcoin legal tender in 2022 but did not find any success. Wendy Rogers, a state senator in Arizona, United States, has launched bills concerning cryptocurrency, including one that aims to make Bitcoin (BTC) a legal tender in Arizona.  In a recent tweet, Rogers cited data from investment firm Goldman Sachs that BTC is the best-performing asset in the world and announced that she launched a set of crypto bills. “Breaking: #Bitcoin is the best performing asset in the world this year according to data from Goldman Sachs.” Launched my #Crypto bills today, as well as Photo Radar Prohibition, which included nearly all my Republican senator colleagues as cosponsors @JeffWeninger @JDMesnard pic.twitter.com/ueUeFSEybo — Wendy Rogers (@WendyRogersAZ) January 25, 2023 One of the proposed bills focuses on making BTC a legal tender in the state. If passed into law, BTC will have the same status as the USD, becoming an accepted

Today in Crypto: Tether Joins Hands with INHOPE to Fight CSAM, Mango Labs Sues Exploiter, 'UK Must Move Faster' on Crypto Regulation

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Source: AdobeStock / Photocreo Bednarek Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Security news Tether , the company operating the blockchain-enabled platform tether.to that powers the USDT stablecoin, announced that it would collaborate with INHOPE , a global network combatting online Child Sexual Abuse Material (CSAM), to share information, facilitate conversations between stakeholders, and take action to drive bad actors out of the crypto ecosystem. Tether is the first cryptocurrency to take a stand with INHOPE against CSAM, said the announcement. Legal news DeFi lending protocol Mango Markets developer, Mango Labs , is suing Avraham Eisenberg, the exploiter of the Solana-based platform for the $47 million Eisenberg allegedly holds from the exploit plus damages. According to the complaint, the lawsuit seeks to nullify an agreement between Man

Nancy Pelosi Sold $3 Million in Google Stocks a Month Before DOJ Antitrust Lawsuit Nancy Pelosi Sold $3 Million in Google Stocks a Month Before DOJ Antitrust Lawsuit

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The 52nd Speaker of the House of Representatives, Nancy Pelosi, sold $3 million worth of Google stocks just one month before the U.S. Government filed an antitrust lawsuit against the company. A report shows the sale occurring on Jan. 28 in four separate transactions. Yesterday saw the U.S. Department of Justice file its second antitrust lawsuit against the company in two years. Moreover, the lawsuit was focused on the company’s online advertising, seeking to make the company divest some of its business. Yesterday, the US government filed an antitrust lawsuit against Google. One month ago, Nancy Pelosi sold $3 million in $GOOGL stock. pic.twitter.com/QZg3wUf23M — Watcher.Guru (@WatcherGuru) January 25, 2023 Pelosi Sold Google Stocks Before DOJ Lawsuit It was a story that certainly caught the eye of many, as the U.S. DOJ filed yet another antitrust lawsuit against one of the largest corporations n the world. Google remains among the most reputable and utilized platforms i

Get In on the Ground Floor of This New Crypto Gaming Project, Just 4% Of Tokens Left in Presale

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The presale for Calvaria’s RIA token is set to sell out any moment now. The new crypto gaming project has raised over $2.96 million in record time, with less than 200k tokens remaining. Crypto Gaming’s New Giant  Calvaria: Duels of Eternity brings a breath of fresh air to the gaming space, allowing players to enjoy different gameplay benefits and multiple earning opportunities.  In this game, players are transported to an afterlife-themed metaverse where they can choose from different characters. Each character is represented by a non-fungible token (NFT) trading card that displays its characteristics and attributes. Calvaria employs multiple game modes, allowing players to select which they prefer. They can engage in single-player quests, one-on-one battles, or even tournaments within this universe.  The crypto project also has a scholarship system. Users are rewarded with free access to advertisements and educational content through this scholarship system. Other

Quicknode Raises $60 Million in Series B to ‘Fuel Blockchain Adoption’ and Expand Globally

Web3 infrastructure firm Quicknode raised $60 million in a Series B funding round, according to an announcement the company made on Tuesday. The capital injection brings the company’s post-valuation to $800 million, and Quicknode says the funds will be used to “further fuel blockchain adoption.” Quicknode Aims to Streamline Web2 to Web3 Movement With $60 Million in Series B Funding Led by 10T Holdings On Jan. 24, 2023, Quicknode revealed it has raised $60 million in a Series B funding round led by 10T Holdings. Other participating investors in the round included QED, Tiger Global, Alexis Ohanian’s Seven Seven Six, and Protocol Labs. “This latest round will be used to accelerate the company’s global expansion and further empower the builders laying the groundwork for a decentralized, globally-connected future,” Quicknode’s announcement said. Quicknode also raised $35 million in a Series A in Oct. 2021. That round was led by Tiger Global, and Seven Seven Six, Soma Capital, Arrington X

Is it Too Late to Buy Aptos? Experts Give Their APT Price Predictions After 72% Rise in 7 Days

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APT, the token that powers new up-and-coming layer-1 blockchain Aptos, is consolidating just to the north of the $13 level on Monday. Profit-taking in wake of a stunning 281% rally since the start of the month, with over 70% of these gains coming in the last seven days, preventing the cryptocurrency from holding at record-high levels just to the north of the $14 mark. APT’s rally has been in part powered by a broader move higher in crypto since the start of the month which has, for the most part, been fuelled by macro-optimism (for easier monetary policy this year and next). Some analysts have also cited growth in trading volumes on Aptos-based NFT marketplace Topaz as boosting interest in the recently launched layer-1 blockchain. Crypto Users Skeptical of the Rally Crypto twitter community members were skeptical as to the sustainability of the rally. According to @Z_Humphries, Aptos is a “new shiny L1 and a lot of the VC money that left Solana could be going here..

US Authorities Charge Mango Markets Attacker — Defendant Arrested, Detained in Puerto Rico

The U.S. Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and the Department of Justice (DOJ) have charged an alleged attacker who stole $116 million from crypto trading platform Mango Markets. The defendant has been arrested and is currently detained in Puerto Rico. Mango Markets Manipulator Arrested, Detained The U.S. Securities and Exchange Commission (SEC) announced Friday that it has charged Avraham Eisenberg with “orchestrating an attack on a crypto asset trading platform, Mango Markets, by manipulating the MNGO token.” The regulator noted that the crypto token was offered and sold as a security. The defendant is a 27-year-old U.S. citizen who is facing “parallel criminal and civil charges” brought by the Department of Justice (DOJ) and the Commodities Futures Trading Commission (CFTC), respectively, the SEC added. The CFTC filed a civil enforcement action against Eisenberg on Jan. 9. He has been arrested and detained at MDC Guaynabo

5 Best P2E Crypto Games (Play-to-Earn Cryptocurrencies) To Buy Right Now?

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Join Our Telegram channel to stay up to date on breaking news coverage The Play-to-Earn cryptocurrency games are attracting a growing number of investors. View the top P2E crypto list that could be profitable this year. Play-to-Earn games are becoming the major trends in crypto space. Learn more about the most profitable P2E in the cryptocurrency space below. currencies ) To Buy Right Now?" width="640" height="360" src="https://www.youtube.com/embed/aKhsppOeiPk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen> Axie Infinity Axie Infinity (AXS), a Pokémon-inspired pet universe game, lets players earn tokens through skillful gameplay and ecosystem contributions. Battle, collect, raise, and develop a land-based empire for virtual pets. Axies are non-fungible tokens (NFTs) with varying traits and strengths that may be

New FTX CEO Mulls Resurrection of Embattled Brand – Could It Work?

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Join Our Telegram channel to stay up to date on breaking news coverage The new Chief Executive of the bankrupt cryptocurrency exchange FTX, John Jay Ray III, is considering reviving the exchange. Ray said he had created a task force to assess the possibility of resurrecting the exchange to derive more value for the creditors. FTX CEO considers reviving the exchange In an interview with the Wall Street Journal, Ray said that he had come up with a task force that would explore the possibility of reviving the exchange and recovering the best value for those that lost money after its collapse. In early 2022, FTX ranked as one of the largest crypto exchanges with a valuation of $32 billion. However, an influx of withdrawals on the exchange in November forced it to file for Chapter 11 bankruptcy. It is estimated that the exchange owes more than $8 billion to creditors. The former CEO of the exchange, Sam Bankman-Fried, has already been charged with eight counts of fraud and conspi