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This article is the author’s personal opinion and does not represent financial advice or WuBlockchain‘s opinion. Written By: GaryMa Market TLDR After a series of crash in crypto, there may be no more big negatives within the crypto industry, and all kinds of cycle indicators have entered the bottom interval; However, on the macro level, the Federal Reserve maintained a high interest rate and the market’s high recession expectation became the potential negative external factors. Combined with both internal and external factors, the market generally believed that there would have a high probability of the last fall to complete the bottoming. In terms of positioning, staying middle of the road may be the best practice for now. Crypto Sector & Narrative Ethereum: This year, with the completion of PoS transition in Ethereum and the rapid advancement of L2 networks, it is foreseeable that the ETH ecosystem will further become the focus of the industry, leaving little time for alt L1s. ●

BTC fell nearly 2% to $16,480 on December 30, making Bitcoin price prediction bearish. Similarly, Ethereum is having a bearish moment, possibly due to the release of US unemployment claims figures, which increased demand for the US dollar, driving a selling trend in the negatively corrected crypto market. In the week ending December 24th, the number of new claims for unemployment benefits filed by Americans increased by 9K to 225K, which was in line with market expectations of 225K. The 4-week moving average, which considers weekly changes, stayed the same at 221K, which shows that the job market is tight.  Bitfarms Co-founder and CEO Emiliano Grodzki Resign A news announcement dated December 29 announced the resignation of Bitfarms co-founder and CEO Emiliano Grodzki. The mining firm was established in 2017 by Emiliano Grodzki and Nicolas Bonta. According to the rumors, while Grodzki will continue to serve as a director, Bonta will now serve as the board's chai

Senegalese-American artist, Akon, reportedly reassured participants in his so-called token of appreciation (TOA) that they will be reimbursed for donations. To back this promise, the singer reportedly claimed he is even willing to do “a world tour just to pay them all back.” Akon, however, conceded during an interview that he should “have gotten more things in place before promoting it [Akon City].” Singer Ready to Do a World Tour for Token Holders Rhythm and blues (R&B) singer and music producer, Akon, reportedly promised to reimburse disillusioned supporters who have been waiting for refunds from his token of appreciation (TOA) campaign. The Senegalese-American artist also told TOA holders that he is prepared to use his own funds to ensure this promise is honored. “I’m dead serious. I would do a world tour just to pay them all back,” the award-winning artist reportedly said. Launched in 2019, Akon’s TOA was given to his early financial backers. The TOA was not only a precurso

It has been terrible for many people that Bitcoin [BTC] has recently dropped to a low of $16k. But, those looking to build up their reserves seemed to benefit from the bear market. Retail investors frequently avoid the market as bears consolidate their positions. The majority of institutional investors, however, continue to add to their coin collections despite already having a sizable holding. MicroStrategy usually enters the Bitcoin market whenever BTC’s price falls. Taking advantage of BTC’s most recent decline once more, the company has purchased additional Bitcoin for $41 million. Michael Saylor, the founder of MicroStrategy, recently tweeted about the accumulation of 2,500 bitcoin . JUST IN: MicroStrategy has purchased an additional 2,500 #Bitcoin ($41 million). — Watcher.Guru (@WatcherGuru) December 28, 2022 MicroStrategy holds 132,500 BTC As per the details from the SEC, MicroStrategy added 2,500 BTC to its reserves for $41 million. As of December 27, 2022

Join Our Telegram channel to stay up to date on breaking news coverage Litecoin (LTC) seems to be recovering slowly from its fall since November. As the year filled with bearish market sentiments for crypto assets comes to an end, big cryptos like Litecoin seem to have suffered the worst. Litecoin has lost more than 50% of its value in the past 12 months. With 2023 at their doorsteps, investors are keen to see how the new year unfolds for Litecoin (LTC) and if it will be able to reach its all-time high anytime soon. Launched in October 2011 by Charlie Lee, Litecoin was developed as an alternative (altcoin) to Bitcoin (BTC). Litecoin came as a decentralized way to make payments at a much higher speed and lower cost than Bitcoin. It is one of the biggest and oldest altcoins in the crypto market. Based on the BTC protocol, Litecoin runs on a Proof-of-work consensus mechanism. Litecoin Price History Being in the market for more than ten years, Litecoin had seen an immense spike

2022 is nearing its conclusion, yet the market has not been able to initiate a recovery. Bears, alongside critical macroeconomic conditions, have been roadblocking Bitcoin’s path. Nevertheless, there are some interesting signs that have been emerging on the board. Bitcoin dominance is currently at a critical juncture. As shown below, it is being tested by the level it was rejected in October this year. Bitcoin dominance is the ratio of BTC market capitalization to the rest of the crypto market. A rising figure usually indicates that the asset is adding value to its market cap at a faster pace and vice versa. Bitcoin dominance visited the afore-highlighted level a handful of times even during the initial half of the year. At that time, however, the same acted as a support and helped in market recovery. Source: TradingView Also Read: Bitcoin Mining Companies Together Owe $4B In Debt Outlining The State Of Other Factors However, a rising Bitcoin dominance has had an

BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack. Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers. BTC.com experienced a cyberattack on Dec. 3, with attackers stealing around $700,000 in client assets and $2.3 million in the company’s assets, the mining pool’s parent firm BIT Mining Limited officially announced on Dec. 26. BIT Mining and BTC.com reported the cyberattack to law enforcement authorities in Shenzhen, China. The local authorities subsequently launched an investigation into the incident, starting collecting evidence and requesting assistance from relevant agencies in China. The local coordination has already helped BTC.com recover some of the assets internally, the announcement notes. “The company will devote considerable efforts to recover the stolen digital assets,” BIT Mining said, adding th

Image Source: CNBC / YouTube Video CNBC's Mad Money host Jim Cramer has lashed out at crypto investors once again, saying he wouldn't get involved with it "in a million years." In an interview on Friday, Cramer spoke out against crypto market participants who hold various crypto assets like Solana and Litecoin, calling them "idiots." He said: “I would not touch crypto in a million years because I wouldn’t trust the deposit bank.” https://twitter.com/CNBC/status/1606336331407310848?s=20&t=yu36PDZg4EjvOxe-ZNYvaQ The famed Wall Street pundit, who was discussing the fallout of the collapse of FTX, even expressed concerns regarding decentralized exchanges, claiming that he wouldn’t trust these platforms because they are not regulated. “They fought regulation. They didn’t want regulation and you don’t have regulation,” Cramer said, suggesting that he does not trust any platforms that do not want regulation. He added: “I’m just saying you ar

Join Our Telegram channel to stay up to date on breaking news coverage Caroline Ellison, a close friend of FTX founder Sam Bankman-Fried, apologized in court this week as she entered a guilty plea to fraud and other charges, telling the judge that she and others planned to deceive investors and lenders while stealing billions of dollars from customers of the failed cryptocurrency exchange. According to a transcript of the hearing made available on Friday, Ms. Ellison, the former CEO of Mr. Bankman-Fried’s cryptocurrency trading company, Alameda Research, stated in court: I am really sorry for what I did. I knew it was wrong. Gary Wang, the former FTX chief technology officer, 29, and Ms. Ellison, 28, entered guilty pleas on Monday during separate proceedings in closed-door courtrooms. Both consented to assist the government’s investigation in exchange for the possibility of receiving sentences that were less severe. Former love interest of Mr. Bankman-Fried Ms. Ellison enter

The world’s second-largest crypto exchange by trading volume, OKX, has published its second Proof-of-Reserves (PoR) on its website. As part of its dedication to transparency, OKX will release its PoR on the 22nd of every month. Using open-source software, users may view and independently verify the results of two PoRs on the website. Users may now access OKX reserve ratios for recent and historical data. Added functionality allows users to download files with recent and old data while self-verifying on-chain assets. Users of the crypto exchange will be able to see both the most current update and all previous PoR data following each PoR publishing. The OKX Nansen dashboard shows that over 90% of holdings are made up of BTC, ETH, and USDT. Currently, OKX ’s reserve ratio for Bitcoin (BTC) is 101%, Ethereum (ETH) is 103%, and USDT is 101%. Source: OKX The crypto exchange disclosed more than 23,000 addresses to ensure the transparency of its PoR program. Moreover,  the firm 

Join Our Telegram channel to stay up to date on breaking news coverage SOLO, the XRP Ledger and BNB Smart Chain-based native token that powers the asset tokenization-focused Sologenic platform, has been surging in the last few days, despite broader cryptocurrency markets coming under pressure in tandem with stocks. It was last changing hands at around $0.18, up around 14% on the day and taking its run of gains since the start of the week to around 22%, though SOLO has backed off around 6% from earlier session highs in the $0.20 area. SOLO is pumping despite broader crypto market malaise. Source: TradingView Price Prediction – Further SOLO Upside Incoming? SOLO/USD appeared to find resistance in the $0.20 area from its 50, 100 and 200-Day Moving Averages and the mid-November lows, which triggered a round of profit-taking. But SOLO has a strong support base in the $0.12-1350 area and bulls will be hoping that SOLO can soon muster a more lasting break above $0.20, which could op