Rocketize (JATO) is a new cryptocurrency advancing the use cases of meme tokens in the cryptocurrency market by introducing next-generation decentralised consumer products. Crypto market participants usually reward revolutionary crypto projects with massive investments. Hence, top crypto analysts have pegged Rocketize (JATO) as a token with the potential to be the next cryptocurrency to explode. Read on to discover how Rocketize (JATO) seeks to displace the current crypto market leaders and… Source link

The Litecoin price has continued to face rejection after it failed to topple over the $80 price level. In the last 24 hours, it barely registered any price movement. It just depreciated by 0.8%. It was an indication of sideways trading for the altcoin. The past week for LTC has been choppy owing to constant volatility amongst major market movers. Bitcoin has dropped in price over the last 48 hours, dragging most altcoins down with it. The technical outlook of the Litecoin price showed signs… Source link

2021 and 2022 tested the faith of investors in their crypto investments. High volatility in the crypto market pushed crypto investors to take a hard look at their portfolios. They had to drop cryptos like Apecoin (APE) and Monero (XMR) that bled out their profits. At the same time, they have started buying promising new cryptos like Snowfall Protocol (SNW), which are already helping them grow their portfolio. Here’s why cryptocurrencies like Apecoin (APE) and Monero (XMR) are losing… Source link

A top executive of peer-to-peer crypto exchange platform Paxful says that three popular crypto assets will not be added to its marketplace. Paxful co-founder Ray Youssef says that he will not list smart contract platform Cardano (ADA), privacy-focused crypto asset Monero (XMR), and Bitcoin (BTC) alternative Litecoin (LTC). According to Youssef, it would be “uncivilized” to add these digital assets alongside Bitcoin and stablecoins, which Paxful already supports. “I am not… Source link

Bitcoin’s hash rate plummeted roughly 38% in the run-up to the holiday weekend as U.S.-based miners shut down operations during a bout of extreme weather. What meteorologists are calling a “bomb cyclone,” which has stirred up blizzard-like conditions in some places, has left many in Maine and New York without power, according to data from PowerOutage.us. As of Friday, December 23, there were more than one million businesses and homes without power. This has also taken a deep toll on various… Source link

It’s been a brutal year for the cryptocurrency market. In the latest blow to the crypto space, Core Scientific, one of the largest publicly traded crypto mining companies in the U.S, which primarily mints bitcoin, filed for bankruptcy on Dec. 21, citing falling crypto prices and rising energy costs. And the implosion of FTX, a now-bankrupt crypto trading platform that was once valued at $32 billion, has shattered investors’ confidence as the ripple effects of the company’s collapse continue… Source link

While the Central Bank of Indonesia sees some negative parts to crypto, such as the ability for it to operate as a “shadow central bank,” it knows it needs to work on keeping up, but also not getting in the way either, and with that it’s developing a digital form of the Rupiah known as Project Garuda, Indonesia’s CBDC. At this point, crypto is too big in Indonesia to ban, so why not work with the industry and provide regulated payment layers, the prevailing logic goes. Source link

A U.S. bankruptcy court has granted Bitcoin (BTC) miner Core Scientific interim approval to access a $37.5 million loan from existing creditors to fund the firm amid its liquidity issues. Core Scientific is one of the largest cryptocurrency mining companies in the United States, but filed for Chapter 11 bankruptcy on Dec. 21 as a result of rising energy costs, declining revenue and the price of BTC in 2022. In a public statement made on that same day, Core Scientific outlined that it intends… Source link

At the same time, crypto exchanges and services that manage to keep “dirty” crypto out, have been further tightening anti-money laundering policies, effectively scaring away criminal actors: “The volume of funds sent to low-risk exchanges from scams fell by 24% in 2022 compared to 2021,” the report said. Source link

At the same time, crypto exchanges and services that manage to keep “dirty” crypto out, have been further tightening anti-money laundering policies, effectively scaring away criminal actors: “The volume of funds sent to low-risk exchanges from scams fell by 24% in 2022 compared to 2021,” the report said. Source link