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2023 is off to a precarious start, with the market higher but a lot of uncertainty in the air about economic and market conditions moving forward. Crypto has begun to poke its head out with the price of Bitcoin (BTC -0.19%) rebounding nicely and recently topping $21,000 in hopes of cooling inflation and a weakening dollar. While I don’t know what the future holds this year, if inflation keeps cooling and the Federal Reserve stops raising interest rates, there is a chance for a more bullish… Source link

Data shows more than 70% of the total staked Ethereum supply is contributed by staking services, with Lido accounting for the most amount. Ethereum Staking Service Providers Have Locked In A Total Of 11.4 Million ETH Last year, ETH successfully completed a transition to a Proof-of-Stake (PoS) consensus mechanism, which meant that miners no longer had a role to play on the network as chain validators called “stakers” filled in their role. Just like miners, stakers earn rewards for acting… Source link

The concept of a central bank digital currency (CBDC) — digital money backed and issued by a central bank — has been bubbling under the surface for the past few years. Now, it looks like it is ready to take off. The topic has already been debated at this year’s World Economic Forum in Switzerland, and Bank of America (BAC 1.87%) just released a report suggesting that central bank digital currencies have the potential to revolutionize the global financial system. According to that report,… Source link

Crypto may be in a slump right now, but there’s a silver lining. One of the best ways to make a lot of money in the stock market is to buy during the low points, then simply wait for your investments to recover. By investing in the right places, you could see lucrative returns during the next upswing. Ethereum (ETH 0.70%) is currently down around 68% from its peak in late 2021, which could make right now a fantastic opportunity to buy the dip. But could it make you a millionaire this year?… Source link

The departments involved include the Ministry of Mines and Geology, the Ministry of Water, Forests, Hunting and Fishing and the Ministry of Agriculture and Rural Development according to a press release attached to the tweet. The framework will allow cryptocurrencies to operate in the country, the release said. Source link

Bitcoin saw a climb of over 8.9% in the past week. Photo: Getty Bitcoin (BTC-USD) is continuing its 2023 bull run, surging past $23,000 for the first time since August 2022 before retreating to around $22,705 on Monday. Bitcoin smashed through a price position not seen since before the collapse of the FTX cryptocurrency exchange in November 2022, which plunged the market into a series of liquidations. Bitcoin stood at $22,714 (£17,383) at the time of writing, up from a low of $16,000 at the… Source link

Bitcoin dipped 0.89% in Monday afternoon trading in Asia but remained above a four-month high of US$22,000, while all other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Dogecoin led gains at 4.32% and Solana was the biggest loser among top 10 cryptos. See related article: Binance Charity to fund over 30,000 Web3 scholarships in 2023 Fast facts Bitcoin, the world’s largest cryptocurrency, dipped 0.89% to US$22,701 on Monday at 4 p.m. in Hong Kong after gaining… Source link

“This is a wonderful example of an industry that sees the harm that could be done in its name, and steps up to self-regulate the issues without being forced to do so by government,” Gail Schimmel, chief executive officer of the ARB, said in an emailed statement. Source link

Not all dips are meant to be bought. Solana (SOL) and Litecoin (LTC) are starting to dip lately which could be a signal for investors to look for other alternatives in the market. Some Solana (SOL) and Litecoin (LTC) investors may see this as a buying opportunity but it would actually be a lost opportunity because there is an even better, more undervalued crypto asset in the market. It’s True, Snowfall Protocol (SNW) Is The Best 1000x Winner! Snowfall Protocol (SNW) is an interoperable… Source link

Ethereum co-founder Vitalik Buterin has shared a possible solution to what he describes as the “largest remaining challenge” for Ethereum — privacy.  In a blog post on Jan. 20, Buterin acknowledged the need to come up with a privacy solution because by default, all information that goes onto a “public blockchain” is public too. He then arrived at the concept of “stealth addresses” — which he said can potentially anonymize peer-to-peer transactions, nonfungible token (NFT)… Source link