Bitcoin slipped below US$21,000 in Friday afternoon trade in Asia while prices of other top 10 non-stablecoin cryptocurrencies were mixed. See related article: Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap? Fast facts Bitcoin, the largest cryptocurrency by market capitalization, edged just below US$21,000 but remained up more than half a per cent at 4 p.m. in Hong Kong on Friday, according to CoinMarketCap data. It gained 0.64% to… Source link

Signs that a global economic slowdown is coming are everywhere these days. In mid-January, the World Bank warned that one will likely occur this year, led by weaker growth in the U.S., Europe, and China. As such, the threat of a recession should be top-of-mind for anyone thinking about investing in crypto this year. Although it might not be possible to recession-proof your crypto portfolio, there are steps that you can take to make it more resilient. Investing in Ethereum (ETH 1.67%) could… Source link

Tel-Aviv, Israel –News Direct– SSV.Network ssv.network DAO is launching a $50 Million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology (“DVT”) based applications. To usher in the next wave of Ethereum staking technologies, a host of Staking companies and VCs from the crypto space – including the likes of DCG, OKX, HashKey, NGC, Everstake, HackVC, GSR, Chorus.One, SevenX, 1kx, and more – have joined forces to help advance the next generation of… Source link

Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 21.7% from Jan. 11 to Jan. 18, trading at US$21,212 at 2 p.m. on Wednesday in Hong Kong. Ether gained 18% in the same timeframe, changing hands at US$1,576. UN8g7 WfPkQOfwaYMO1Xv1 umFQny2JRIr11eJFkJ64oI8yYXjTDD01HntCdZDG1UuCWHu5lUnK 123V8AwCgXEzzBmUoEDhzTDNAyXZOi1HNGLUiGfLC4c4XZDhpU1RWDbI Ni09RWdzVBvTtNDFUluOOD9exJJdzBA With Bitcoin above the US$21,000 mark, the world’s benchmark cryptocurrency has returned to its… Source link

In its filing, Genesis Global Capital, the partner firm to Gemini’s defunct Earn program, estimated more than 100,000 creditors and between $1 billion and $10 billion in liabilities, as well as assets. The two other entities estimated their assets and liabilities in the $100 million and $500 million range, respectively. Source link

Ether followed a similar trajectory, falling early before landing in the green. The second largest crypto in market value was recently changing hands above $1,550, a 1.9% gain from Wednesday, same time. Other major cryptos also pointed largely upward with CRO, the token of exchange Crypto.com, jumping more than 4%, and ATOM, the native crypto of decentralized network Cosmos rising over 3%. The CoinDesk Market Index (CDI), an index measuring cryptos’ performance, recently increased by 2%. Source link

Litecoin ($LTC), a cryptocurrency that’s often referred to as the silver to Bitcoin’s gold, has recently seen its hashrate hit a new all-time high, at a time in which its price keeps surging ahead of its upcoming halving event. According to data from CryptoCompare, Litecoin’s hashrate has recently hit a new all-time high of around 680 TH/s. Litecoin uses a Proof-of-Work (PoW) consensus algorithm, just like BTC. The system sees miners compete to… Source link

Ethereum price hovers around $1,550 after a bullish start to 2023.  Investors are already detailing fundamental reasons why the current levels are the best place to accumulate ETH. Developer activity, deflationary status, and staking are a few of the most important reasons that make the smart contract token stand out from the rest. Ethereum has played an extremely important role in building the cryptocurrency ecosystem in the world. Although many blockchains were… Source link

Sabrina Martins Vieira Check out why Monero is still alive on market, even though you may not notice it anymore Contents But is Monero an ideal choice for illegal activities? Monero is not doing well, but it is not dead Monero (XMR) is one of the pioneering cryptocurrencies on the blockchain market, launched in 2014. It has gained popularity among individuals who prioritize privacy in their transactions. Despite its initial success, Monero has recently seen a decrease in mainstream media… Source link

Our weekly roundup of news from East Asia curates the industry’s most important developments. Samsung’s new Bitcoin ETF On Jan. 13, Samsung Asset Management, a wholly-owned subsidiary of the namesake South Korean conglomerate, successfully listed the Samsung Bitcoin Futures Active ETF on the Hong Kong Stock Exchange. According to local news outlet Edaily, the ETF debuted under the ticker 3135:HK and seeks to replicate the performance of spot Bitcoin by investing in… Source link