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The first meme cryptocurrency, D ogecoin (DOGE), created quite a commotion in the cryptocurrency market. Elon Musk, a multibillionaire, enthusiastically backed the asset and helped keep its name in the public eye. Therefore, Elon Musk’s actions directly affected the price of DOGE. The value of the asset was significantly impacted by his most recent Twitter purchase. Read more: D ogecoin Surges Post Elon Musk’s Twitter Entering US Payment Business D ogecoin also has a visible spike in price whenever there is a piece of positive news about Twitter. Whales have also shown keen interest in DOGE every now and then. Now, a top whale has moved 450,000,000 DOGE worth over $40 million in a single transaction. 🐕🪙🐋🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 450,000,000 $DOGE ($40,536,900 USD) was transferred from a #Top20 wallet to an unknown wallet. Fee...

Join Our Telegram channel to stay up to date on breaking news coverage Axie Infinity Shards (AXS), the cryptocurrency that powers Axie Infinity’s web3, non-fungible token-based gaming ecosystem, is one of the worst-performing cryptocurrencies in the top 100 by market capitalization over the last 24 hours at the start of the week. AXS/USD was last changing hands around 12% lower over this time period in the mid-$10s, according to CoinMarketCap. The crypto token, which lives as an ERC-20 smart contract on the Ethereum blockchain, has been falling in tandem with a broader pullback in cryptocurrency prices, which fell on Monday in tandem with traditional risk assets like stocks. The dollar and US yields were both a little stronger on Monday, with markets cautious ahead of a barrage of key macro events this week, including policy announcements from the Fed, ECB, BoE, US jobs and US ISM PMI data, as well as earnings from a number of big tech giants. Technical Selling Weighs on AXS ...

The Floki Inu ( FLOKI ) community has voted in favor of a proposal to burn 4.2 trillion FLOKI tokens on its cross-chain bridge. Moreover, the community voted to reduce transaction fees. At the current rate, the 4.2 trillion FLOKI tokens are worth over $100 million. According to developers, the proposal was approved by 99.97% in support of burning the bridge tokens and 0.03% against it. The tokens will be burned at 8 PM UTC on Feb. 9, 2023. Moreover, the Floki Inu transaction tax will be reduced to 0.3% as of 8 PM UTC on Feb. 3. Another justification given in the Floki Inu proposal was the security issues related to bridges. Since the cross-chain bridge stores 55.7% of what FLOKI’s total circulating supply should be, an exploit on it would have a disastrous effect on the project. Over $2 billion was lost or stolen from cross-chain bridges alone in the past year. With a 10 trillion token supply originally on Ethereum, Floki Inu subsequently mo...

Source:  https://www.wu-talk.com/index.php?m=content&c=index&a=show&catid=10&id=11126 Huang Yiping, professor of finance and economics at the National School of Development of Peking University and former member of the monetary Policy Committee of the People’s Bank of China, wrote: There are several factors to consider when taking a stance on crypto currencies . First, crypto currencies such as bitcoin are not strictly currencies , but more like digital assets, due to their lack of intrinsic value. What’s more, studies have shown that roughly a quarter of all Bitcoin account holders and half of all trading activity is linked to illegal transactions. Second, the regulatory attitude towards crypto currencies and digital assets depends on the maturity of the country’s financial system and regulatory regime. As you know, the Chinese government currently prohibits cryptocurrency trading in China. The main reason is that our country still faces significant challenges in ant...

Source: AdobeStock / tomertu Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Stablecoin news Credit rating agency Moody’s plans to develop a scoring system for stablecoins, as the asset class grows and faces increased scrutiny from regulators and investors, Bloomberg reported. The scoring system will allegedly include up to 20 stablecoins, analyzing the quality of each reserve's attestation, but it will not be an official credit rating. Legal news The US Federal Bureau of Investigation (FBI) Director Christopher Wray said that the international law enforcement groups have dismantled the Hive crypto ransomware group – its front- and back-end infrastructure in the US and abroad. “Last July, FBI Tampa gained clandestine, persistent access to Hive’s control panel,” said Wray. “Since then, for the past seven ...

A senator in the U.S. state of Arizona has introduced a set of cryptocurrency bills, one of which seeks to make bitcoin legal tender. “Centralized digital money controlled by the central bankers is slavery. Decentralized bitcoin is freedom,” the lawmaker said. Arizona Lawmaker Wants to Make Bitcoin Legal Tender Arizona State Senator Wendy Rogers has introduced several crypto-related bills, including one to make bitcoin legal tender in her state. “Launched my crypto bills today,” Rogers tweeted Tuesday. The bills are co-sponsored by her state senate Republican colleagues Jeff Weninger and J.D. Mesnard. One of the bills proposes making bitcoin legal tender. The legislation defines the cryptocurrency as “the decentralized, peer-to-peer digital currency in which a record of transactions is maintained on the bitcoin blockchain and new units of currency are generated by the computational solution of mathematical problems and that operates independently o...

Join Our Telegram channel to stay up to date on breaking news coverage The Balancer price prediction shows that BAL could be ready for the uptrend, and it may fundamentally break above $7.0 respectively. Balancer Prediction Statistics Data: Balancer price now – $6.94 Balancer market cap – $323.7 million Balancer circulating supply – 46.7 million Balancer total supply – 54.9 million Balancer Coinmarketcap ranking – #108 BAL/USD Market Key Levels: Resistance levels: $8.0, $8.5, $9.0 Support levels: $6.0, $5.5, $5.0 BALUSD – Daily Chart BAL/USD is trading positively above the 9-day and 21-day moving averages to increase the bullish movement. Meanwhile, the cryptocurrency might kick-start another bullish run above $7.0 if the Balancer price moves to crosses above the upper boundary of the channel. However, any positive break above this barrier is the first signal needed for the buyers to press higher. Balancer Price Prediction: Balan...

Crypto experts are predicting Fight Out could become the top move-to-earn project around due to its huge potential. It has already raised around $3.5 million in its presale and investors and experts are hugely excited by its fitness app and ambitious plans to build real-world gyms. Those who invest early can take advantage of a bonus offer that earns up to 50% extra FGHT tokens and an asset that will increase by around 95% by the time the presale ends. Buy FGHT Now Fight Out to Knock STEPN Off Top Spot? STEPN was the first M2E project and since it launched in March 2022 it has been the undisputed top dog - at its peak, the project had a market cap of over $2 billion. However, in the months that have passed the project has slipped all the way from highs of around $4 to its current price of $0.55 - an 86% loss. Users have fallen away from the project, criticizing the expensive start-up costs to purchase the sneaker NFTs and flawed earning mechanics that see limited re...

The Celsius saga has been active ever since it blocked user withdrawals back in June 2022. The company filed for bankruptcy back in July and it is currently working on several re-structuring procedures. This includes the possibility of rolling out a new token. According to a recent Bloomberg report, the organization is considering launching a bankruptcy token to repay its creditors. The attorney representing the firm Ross M. Kwasteniet put forth this idea before the court on Tuesday. Kwasteniet highlighted that the relaunch of the platform has been discussed with its creditors. The firm hopes to roll out “a publicly-traded company that is properly licensed.” Unlike Celsius , the relaunched version would bring money to creditors by merely liquidating the company. In addition, the relaunched or reorganized firm is expected to issue a new token. This token would further act as a “payout plan” to creditors. Will Celsius Network go public? It sho...

Join Our Telegram channel to stay up to date on breaking news coverage BlockFi is planning to retain as much talent as possible even as the lender continues with the bankruptcy process. The Chief People Officer at BlockFi, Megan Cromwell, said that the crypto lender risked losing more talent unless the court approved a retention petition filed on November 28, 2022. BlockFi desperate to cling to experts In a filing on January 23, 2022, Cromwell said it was prudent for the lender to support dialogue between the Committee and the US Trustee. He noted that the crypto lender had experienced a loss in personnel, and there was growing concern about the retention payments. However, this filing has been opposed by the creditors’ Committee and the US Trustee. BlockFi was among the companies affected by the fall of Sam Bankman Fried’s empire, which comprised FTX and Alameda. The FTX bankruptcy estate recently opposed a request made by BlockFi to access the Robinhood shares o...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin’s price has increased by over 35% since the beginning of the year. Plus, it recently touched the $23k price level, last seen in August 2022. Investors are now curious as to whether the coin will cross this level and continue to rise above.  Experts Divided On Bitcoin’s Future While Industry Battles Concerns  Bitcoin (BTC) has been experiencing a significant rally in 2023, reaching a new high of $23,000 over the weekend, the first time it has reached this level since August 2022. However, despite this upward trend, market analysts remain divided on the future of the world’s largest cryptocurrency. Some believe that this is a sign of a bullish market while others warn that it could be a trap to catch investors off guard. Some experts have pointed out that this may only be a temporary surge and is likely what market watchers call a “dead cat bounce” — a bri...

Join Our Telegram channel to stay up to date on breaking news coverage A report by the social trading platform eToro has revealed that most retail investors are interested in investing in digital assets despite the recent bear market. The report showed that around 67% of retail investors were optimistic or had mixed feelings about the severe crypto winter reported in 2022. Retail investors not concerned about the crypto winter The eToro report titled “Retail Investor Beat” analyzed the sentiments of the crypto community regarding the downturn that has engulfed the market for over a year. 67% of the respondents said they had positive or mixed feelings about the market, while the remaining 33% said they were cautious about investing after the price dip. Regarding demographics, 76% of the investors aged between 18 and 34 were positive or indifferent about the bear market. The number was at 60% for those aged above 55 years. The younger investors were still optimistic...

The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a report. Ukrainian Financial Authorities Target Russian Crypto Exchange Websites and Wallets The State Financial Monitoring Service (SFMS), a unit of Ukraine’s financial intelligence, has issued a special report on the results of its operations in 2022. Besides its peacetime activities such as combating money laundering, the agency revealed it has contributed to the country’s defense effort as part of the ongoing conflict with Russia. In the document published this week, the watchdog announced its employees have joined forces with colleagues from the Ministry of Digital Transformation and leading Ukrainian crypto experts. Together, they were able to identify Russian crypto exchanges associated with Russian financial institutions placed under san...