Cryptocurrency News Headlines

By: coinquora

Lido DAO (LDO) was another beneficiary of the buy volume injection that took place over the last 24 hours. According to CoinMarketCap, the price of LDO has surged 25% over the last 24 hours. This has propelled its price to $1.89 at press time. LDO has also strengthened against the two crypto leaders, Bitcoin (BTC) The post LDO Rally Continues With Latest Double-Digit, 24-Hour Gains appeared first on Coin Edition . Read more

By: coingape

The term “metaverse” sends shivers through everyone’s body. However, it is thought to be the next step in the development of the Internet, and there are a number of top Metaverse games available to play. It is supposedly a link between the digital and virtual worlds. These online communities’ activities mirror those in the real The post 5 Best Metaverse Games To Enjoy This Winter appeared first on CoinGape . Read more

By: coingape

The crypto market witnessed a significant upside momentum on Monday, starting the week on a positive note. The global crypto market cap increased by over 3%, supported by a 100% jump in the trading volume. Traders anticipated a rebound in the coming weeks, but Bitcoin and Ethereum finally jumped over $17,000 and $1,300. Here are The post Top Reasons Why The Crypto Market Is Rising Today appeared first on CoinGape . Read more

By: utoday

MATIC whales are more active than ever considering rise in transacted volume on market Read more

By: bitcoinist

Microstrategy has been raising some eyebrows as its accumulation of Bitcoin continues. According to recent news, the company raised its holdings by 2,500 BTC for a total BTC holding of 132,500 BTC. According to Forbes, the company used $2.36 billion of debt to buy up 129,218 BTC in early 2022. The latest increase in Bitcoin Read more

By: newsbtc

As the new week begins, the Bitcoin and crypto market is seeing a bounce that could provide new momentum. The Bitcoin price has managed to break above the resistance area of around $17,000 for the first time in three weeks and was trading at $17,226 (+1.6%) as of press time. Ethereum is up 3.6% over the last 24 hours and is trading at $1,309. However, the euphoria in the Bitcoin and crypto market is hanging by a thread this week, as two events, in particular, could determine how prices develop. On the one hand, things could already become volatile today, as Cameron Winklevoss’ deadline for the Digital Currency Group (DCG) expired yesterday. On the other hand, the December CPI data will be released on Thursday, January 12. Will The DCG Drama Tear Down The Bitcoin Price? NewsBTC reported that the DCG / Grayscale drama took a new turn last week when Gemini wrote an open letter to DCG CEO Barry Silbert. Winklevoss accuses Silbert of using retail funds to engage in “kamikaze Grayscale NAV trading” from which he personally profited. In that stroke, Winklevoss lumps DCG with Celsius (misuse of customer funds) and BlockFi (same GBTC trade). Related Reading: Bitcoin Exchange Depositing Transactions At 4-Year Low, Bottom Signal? Gemini is also demanding its $900 million in Gemini Earn funds back and has given Silbert until yesterday, Sunday, to comply. So far, no information has become public that a deal has been reached. As Ram Ahluwalia of Lumida Digital Assets Advisors explained on the Unchained podcast, Gemini may file an involuntary Chapter 11 bankruptcy against Genesis to force the company to pay outstanding creditor debts. January 8 was the date Genesis’ loans are due and Gemini can force them into Chapter 11. If that happens, Genesis will be insolvent and DCG may immediately owe Genesis the entire $1.1 billion. According to Ahluwalia, the best solution for Genesis/DCG and Gemini is a restructuring outside of bankruptcy court, but given Barry Silbert’s alleged stalling tactics, it seems increasingly likely that Genesis will file for Chapter 11. All eyes are therefore likely to be on Cameron Winklevoss today, who could have some bad news for the crypto market with DCG’s bankruptcy filing. Given Grayscale’s massive BTC and crypto holdings, the news could send shockwaves through the market. Bullish News For The Crypto Market On Thursday? On Thursday, January 12 at 8:30 a.m. (EST), the Consumer Price Index (CPI) will be released. The forecast is 6.7%. If the number meets or falls below the consensus figure, this could be major for Bitcoin and the broader crypto market. Related Reading: Bitcoin Price Breaks Key Barrier And Aims Fresh Rally To $18K The faster the CPI falls, the more likely it is that Jerome Powell will announce only a 25 rate hike on February 1. If this happens, it is also more likely that Powell will refrain sooner than later from rate hikes and declare a pause, which will effectively constitute a pivot by the U.S. central bank. Featured image from Maxim Hopman / Unsplash, Chart from Read more

By: thenewscrypto

Just days after two former workers purportedly warned at the prospect of closure. Crypto payment firm Wyre amended its withdrawal Read more

By: cointelegraph

A new Web3 security report from Beosin revealed that of the 167 major security exploits DeFi projects saw the most, at 113 attacks. Read more

By: coinquora

The price of Solana (SOL) has printed double-digit gains over the last 24 hours according to the crypto market tracking website, CoinMarketCap. At press time, SOL’s price is up 20.89%, pushing its price up to $16.06. This has also boosted its weekly performance to more than 60%. SOL’s strengthening against the US Dollar has been The post SOL’s Bullish Week Continues With a Fresh 24-Hour Price Gain appeared first on Coin Edition . Read more

By: thenewscrypto

Modibbo R. Hamman Tukur, the Director of the Nigerian Financial Intelligence Unit (NFIU), has announced that, as of March 1, Read more