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A 5.5% weekly decline in the total crypto market capitalization might have sucked the wind out of some altcoins, but it has done little to alter traders' bullish point-of-view. The recent weakness in the crypto market has not invalidated the six-week-long ascending trend, even after a failed test of the channel's upper band on Feb. 21. The total crypto market capitalization remains above the psychological $1 trillion mark and, more importantly, cautiously optimistic after a new round of negative remarks from regulators. Total crypto market cap in USD, 12-hour. Source: TradingView As displayed above, the ascending channel initiated in mid-January has room for an additional 3.5% correction down to $1.025 trillion market capitalization while still sustaining the bullish formation. That is excellent news considering the FUD — fear, uncertainty and doubt — brought down by regulators regarding the cryptocurrency industry. Recent examples of bad news are, a United States District Cou...

The first two months of 2023 haven't seen a slowdown in trademark filings, with recent filings covering automotive, clothing and fast-moving consumer goods. Despite a broader downturn in related markets, multinational corporations don’t appear to have slowed down on their trademark applications covering Web3, crypto, nonfungible tokens (NFTs), and the Metaverse. The month of February — now drawing to a close — saw the likes of General Motors and Lacoste, and Walmart making their territory with Web3-related trademark applications. January was an even busier month.  One of the latest NFT-related filings involved automotive giant General Motors, which filed for two new trademark applications on Feb. 16 covering its Chevrolet and Cadillac brands. According to the filing, the firm is interested in downloadable digital media files containing collectible artwork, text, audio, and video, authenticated as non-fungible tokens (NFTs). GM has filed a pair of new applications to trademark : ...

February has been a positive month for most cryptocurrency assets. Even though some action was witnessed mid-month, Bitcoin failed the $25k re-test and has stagnated around $23k–$24k since then. As a result, most top assets have also been consolidating of late. The tale is completely different for HEX . On the daily, it noted an appreciation of around 10%, and as a result, it was one of the top gainers on Monday. In fact, the price of HEX has increased by more than 155% since the beginning of this month. For comparison, let’s check out how Dogecoin has fared so far in February. As illustrated below, the largest meme coin has shed 16% in the same timeframe. In fact, after noting an approximate 1% decline on the day, it was trading in the red at $0.081 at press time. HEX ’s landscape was characterized by strength on Monday, with its price hovering above all crucial EMAs. In addition, buying momentum was seen picking up, and the RSI was on the verge of crossing abov...

Join Our Telegram channel to stay up to date on breaking news coverage We have come to a situation today when the name of some of the most promising technology carries on a stigma of negativity and distrust. Thus, nowadays, if you are looking for NFTs on Instagram or Reddit, you might have much more success instead by looking for “digital collectibles”. You may recall a time when talking about “blockchain” was exciting – it seems to have been a brief time. A company that calls itself Riot Platforms is the same Bitcoin mining company formerly known as Riot Blockchain. Brynly Llyr, the head of blockchain and digital assets at the World Economic Forum, even recommended that the cryptocurrency industry completely rebrand itself around “decentralized systems.” And NBA All-Star Baron Davis says that “for a while, we definitely don’t want to call them NFTs.” His platform for managing photo and video rights, SLiC Images, is av...

Floki Inu has been making headlines with its outstanding performance. The meme coin is up by 113% over the last 14 days and 336.4% in the last 30 days. FLOKI is also up by 3% in the last 24 hours and is trading at $0.00005020 at press time. Its popularity has also paved the way for its adoption. According to the latest details shared by the Floki Inu developers with CoinDesk, the meme coin will soon be accepted as collateral on the Venus Protocol. Venus is the second-largest cryptocurrency lending protocol on the BNB chain. Also read: Digital Euro: Primary Priority Goes for Online and P2P Payments, Says ECB Source: The VR Soldier Floki Inu can soon be used to borrow cryptocurrencies on Venus According to the details, the meme coin will soon be enabled as collateral that can be used to borrow different cryptocurrencies on the platform. The move is also considered one of the main moves to position Floki as a serious competitor. Venus holds over $800 million in lock...

Crypto exchange BTC-e’s alleged operator Alexander Vinnik may be a candidate for prisoner swap between the United States and Russia. That’s according to a statement by one of his lawyers for Russian media. The latest court hearing in Vinnik’s case has been postponed. Russian Accused of Laundering Billions Through Crypto May Return Home, According to Lawyer A lawyer for Alexander Vinnik, alleged operator of the infamous cryptocurrency exchange BTC-e, believes that his client may be considered for an exchange of prisoners between the United States and the Russian Federation. David Rizk, who represents Vinnik in the U.S., commented on Vinnik’s potential return home in an interview with the RIA Novosti news agency, quoted by other Russian media and crypto news outlets. “I wouldn’t rule out that possibility,” he said. The Russian IT specialist has been in U.S. custody since August, last year, when he was extradited from Greece. American authorities accuse him of laundering at least $4 b...

The cryptocurrency markets are performing positively in 2023 after Bitcoin went from $16,500 to $24,500 since the start of January. Despite the rally, warnings of an impending recession loom as leading technology firms lay off employees to stay afloat. From Google to Microsoft and Amazon, Fortune 500 companies are letting go of employees to weather the storms of a recession. Bitcoin and the cryptocurrency markets could also be largely hit if a recession enters the markets. JUST IN: Amazon $AMZN to fire 17,000 employees, WSJ reports. — Watcher.Guru (@WatcherGuru) January 4, 2023 A financial crisis might make Bitcoin nosedive in price and drag the entire cryptocurrency market down with it. As a result, the overall markets are now teetering on the precipice of a recession. Also Read: When Will Bitcoin Breach Its All-Time High of $69,044? Bitcoin & The Cryptocurrency Markets Could Lose $600 Billion Source: TimesofIndia.com The overall cryptocurrency market cap ...

According to attorney John Deaton, cryptocurrency firm Ripple Labs could settle with the SEC for $100 million to $250 million in fines. Deaton’s comment came as a response to questions about the possibility of a partial appeal and settlement in the legal dispute between Ripple and the agency. Deaton represents XRP holders in the ongoing lawsuit as an amicus curiae (friend of the court). IMO Ripple would pay $100-250M in a settlement IF the SEC agreed publicly that current and future sales of XRP are not sec urities. The SEC is NOT going to agree to that in the middle of its war 🆚 crypto. Judge Torres could provide clarity on sec ondary sales which isn’t appealed. — John E Deaton (@JohnEDeaton1) February 21, 2023 However, the blockchain firm will only settle if the SEC states that none of the firm’s sales of XRP constitute securities. However, in its fight against the cryptocurrency sector, the SEC might not consent to such a demand from Ripple...

The ICF is also funding projects to drive Cosmos's adoption and use cases, including programs like the Interchain Developer Academy and Interchain Builders Program. According to a medium post on Feb. 20, the Interchain Foundation (ICF), a non-profit organization behind the creation of the Cosmos (ATOM) interblockchain communications (IBC) ecosystem, has committed to spending approximately $40 million in 2023 to develop its core infrastructure and applications. As a part of the Interchain Stack, which is utilized by around 50 blockchains, these include the Tendermint Core (and now CometBFT), Cosmos SDK, Cosmos Hub, and the IBC protocol. "Throughout the year, we envisage engaging other teams to deliver smaller, tightly defined tasks within each area of work. Such contracts will be to supplement the work of the teams mentioned below or in service of their needs that arise during the year." The ICF is also supporting the development of CosmWasm and Ethermint, the technologi...

After reading this story, my respect for the golden words in the financial world—”hold on to the long term”—grows. Tales of investors becoming filthy rich with Bitcoin are aplenty in the last 14 years since its inception. However, not everyone made life-changing gains, as the majority of investors sold Bitcoin before it even reached $1. In this article, we will highlight an incident where an early investor sold Bitcoin at $0.0003, its lowest price ever recorded. Also Read: Bitcoin To Reach $50,000 by May 2023? ‘Numbers Could Get Big Fast’ Claims Analyst FUN FACT: 13 years ago today, someone sold 160 #Bitcoin for $0.003 cents each The lowest price ever recorded ✨ — RIZZO (@pete_rizzo_) February 20, 2023 Bitcoin: An investor sold 160 BTC for 48 cents at $0.0003. Source: FinancialTimes.com 13 years ago, on Feb. 20, 2010, an early user mined 160 Bitcoins for free at 1 kWh with a Pentium processor. BTC was priced at 5 cents dur...

The US-based cryptocurrency platform Coinbase is making Coinbase Wallet safer because there are more threats to users. The cryptocurrency exchange says it has added Features to its wallet to help protect its users from scams like phishing attacks and malicious airdrops. The crypto exchange says the Coinbase Wallet will now provide more transparency. When engaging with smart contracts or decentralized apps (DApps) to ensure customers are informed of every action they do, from coin trades to NFT minting. “Transaction previews: To give you more peace of mind as you conduct swaps, mint NFTs, and transact in web3, Coinbase Wallet now shows you an estimate of how your token and NFT balances will change during a transaction before you hit ‘confirm.’ “ Token approval alerts: We’ve made it clear when a DApp is requesting approval to withdraw your crypto and/or NFTs. Of course, we still recommend that each user does their own research before granting a DApp permis...

Meta, the rebranded version of Facebook, seems to require a reset after a year. Facebook’s anticipated entry into decentralised and virtual worlds occurred in October 2021. Since a year ago, Mark Zuckerberg has been investing billions on a plan that emphasises VR headsets as the future’s most important technology, much more so than uploading amusing films that could receive a thumbs-up from parents. Virtual reality, however, runs into the harsh reality, and this week’s disastrous earnings report and a stock that is trading at multi-year lows serve as a stark reminder that even the most globally renowned businesses, which have amassed a critical mass of hundreds of millions of users, are not immune to major setbacks. The fact that $10 billion is being spent on ecosystem creation, with uncertain returns, lends some gasoline to that argument. During the most recent investor conference call, Zuckerberg said that “I know that sometimes when we ship a pr...

The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market has decisively shifted its focus towards trust and stability, especially in the wake of multiple scandals that have rocked the industry,” a DBS executive described. DBS Sees Record Trading Volumes for Bitcoin and Ether DBS, the largest bank in Southeast Asia, announced last week that its digital asset exchange saw record trading volumes for bitcoin and ether in 2022. In addition, the number of BTC and ETH under custody at the bank soared during the same time period. According to the bank, the number of bitcoin traded on DBS Digital Exchange (DDEX) was close to 80% higher year-on-year while the number of ether traded on the platform was nearly 65% higher. The bank further revealed that the “number of bitcoin and ether custodised with DBS [is] up more than 100% and 60% ...

Crypto exchange Binance expects to pay fines to U.S. authorities to settle regulatory and law-enforcement investigations over its past conduct, the company’s chief strategy officer reportedly said. When Binance began its business, the company was unfamiliar with the rules it needed to comply with in the U.S., the executive explained. Binance Plans to Settle With US Regulators Binance’s chief strategy officer, Patrick Hillmann, revealed Wednesday that the cryptocurrency exchange expects to pay fines to settle existing U.S. regulatory and law-enforcement investigations, the Wall Street Journal reported. He explained that in its early days, Binance was unfamiliar with the legal framework and regulations in the U.S. to mitigate the risk of bribery and corruption, money laundering, and economic sanctions. The Binance executive stated that the crypto exchange is currently working with regulators to identify potential “remediations” the company has to go through...

Hex nearly doubled in price as it spiked from a low of $0.026 to a high of $0.052 in the last 30 days. The cryptocurrency rallied 96% in a month generating stellar returns for investors. The token is among the top gainers of the year and is attracting heavy bullish sentiments in the indices. Now that Hex is rallying, investors are keen to know when could it reach the $1 milestone. Also Read: HEX Rallies 177% in 30 Days: Can It Delete a Zero This Year? Source: coinmarketcap.com When Could Hex Reach $1? Source: Pixabay Hex is known to have dramatic price spikes quite often that take investors by surprise. The cryptocurrency has doubled in price on many occasions making it to be a lucrative and promising investment. It also doubled in price 13 consecutive times between 2020 and 2021. So when could it reach the $1 milestone? Let’s find out! The token is currently trading at $0.052 after adding an extra ‘zero’ in the indices during the 2022 bear markets. It is...