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Ting Shen—Bloomberg/Getty Images Despite the ongoing challenges in the cryptocurrency market , enthusiasts of digital assets are convinced that the future is bright for the sector. Recently, the value of Bitcoin has shown signs of resurgence with a notable hike in its price over the past few weeks, following a difficult start to 2023. But not everyone holds this same positive outlook, including the CEO of JPMorgan Chase, Jamie Dimon. At a recent World Economic Forum (WEF) interview with CNBC, he made harsh public statements on his perspective of Bitcoin and the crypto industry. "I think all that is a waste of time, and why you guys waste any breath on it is beyond me," said Dimon in the interview on the sidelines of the WEF. Dimon. "Bitcoin itself is a hyped-up fraud. It's a pet rock." This is not the first time that Dimon has publicly shared his skepticism towards the crypto industry. In fact, he has been vocal about his views on digital a...

Join Our Telegram channel to stay up to date on breaking news coverage Frax price bullish outlook carries on undeterred by the first general crypto market pullback. Investors applied brakes on their aggressive push from the beginning of the year amid a reaction to the United States Justice Department’s international crypto enforcement action. Despite calls for a brief pullback to allow key fundamentals to catch up, FXS is up over 13% in 24 hours to exchange hands at $10.00 in the early hours of the European session on Friday. Bulls seem to be comfortable holding the reins as they expand their gains to $15.00 and $20.00 levels, respectively. Binance Futures Launches FXSUSDT Perpetual Contracts, Giving Frax Price Uptrend Fresh Lifeline Binance Futures announced on Thursday that it will launch FXSUSDT perpetual contracts on January 20, 2023, starting at 0300 UTC, with up to 20x leverage. FXS will be the futures contract underlying asset with settlement in USDT. According t...

The Bitcoin price prediction shows that BTC is trading above the 9-day and 21-day moving averages as the recovery comes slowly. Bitcoin Prediction Statistics Data: Bitcoin price now – $20,896 Bitcoin market cap – $402.7 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $24,000, $26,000, $28,000 Support Levels: $18,000, $16,000, $14,000 At the time of writing, BTC/USD is seen trading at $20,896 after soaring toward the upper boundary of the channel. The first digital asset is seen pulling back to where it is currently trading and may head downwards if the bears step back into the market. Bitcoin Price Prediction: Bitcoin (BTC) May Consolidate According to the daily chart, the Bitcoin price needs to keep hovering above the moving averages so that it could cross above the upper boundary of the chann...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. San Francisco, California, 18th January, 2023, Chainwire Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3. Kava is a decentralized layer-1 blockchain that combines the speed and interoper ability of Cosmos with the developer power of Ethereum. Kava has spent the last year building a deep integration with Coinbase that optimizes the process for Cosmos SDK chains to integrate with Coinbase helping to drive new liquidity to the Cosmos ecosystem. Unlocking Cosmos Liquidity Coinbase's native integration with Kava allows for easy listing of Kava ecosystem projects, KAVA staking on Coinbase, and unlocks DeFi usage for Coinbase users on Kava. Additionally, Kava worked with the Coinbase team to make it significantly easier f...

Bitcoin and wider crypto prices are getting a strong tailwind today after the release of the latest US economic data shows softening inflation and slowing retail sales. Bitcoin at the time of writing is priced at $21,565, up 0.9% and Ethereum is currently 0.85% higher at $1,602. The closely watched US retail sales figure fell -1.1%, greater than the -0.8% forecast by economists. Meanwhile, producer price index (PPI) inflation fell to 6.2% as against the headline figure of 6.8% that was expected. The latest economic data should strengthen the hand of doves at the Federal Reserve to slow down on interest rate rises. Data means the Fed is more likely to ease up on interest rates The poor retail sales data suggests that consumers are feeling the pinch of higher prices and are cutting back.  That would have the effect of taking some of the demand out of the economy that was threatening to send inflation spiralling even higher. Put that another way – it means ri...

Join Our Telegram channel to stay up to date on breaking news coverage CSPR, the cryptocurrency that power’s the Casper Network blockchain, was last up over 12% on the day, as per Trading View data. CSPR/USD was last changing hands around $0.038, having just missed out on hitting $0.04 earlier in the session. The bulls have been firmly in control since CSPR retested support in the form of its 200-Day Moving Average just under $0.032 on Monday. Price predictions have subsequently become more bullish. At current levels, CSPR is now trading higher by nearly 38% this month, with the cryptocurrency benefitting amid broader positive flows in the cryptocurrency space. Traders have cited an easing of Fed tightening bets in early 2023 in light of recent evidence of softening US inflationary pressures (CPI and wage growth both dropped in December) as boosting crypto sentiment. Price Prediction – Where Next for CSPR? CSPR’s attempt to break below its mid/late 2022 uptrend in December ha...

The surge in crypto mining stocks came as a relief for the industry after a crippling last year, where in public crypto miners incurred $4 billion in liabilities. The Bitcoin (BTC) price rebound to a multi-month high has rubbed onto the mining stocks as well. Many of these crypto-mining stocks recorded their best monthly performance in a year. The surge in mining stocks also came as a relief for the troubled miners who had to sell a significant chunk of their mined coins to boost liquidity last year. Bitfarms, one of the top BTC Mining firms registered a 140% surge in the first two weeks of January followed by Marathon Digital Holdings Inc. with a 120% surge . Hive Blockchain Technologies Ltd. saw its stock value nearly double in the same period while MVIS Global Digital Assets Mining Index is up by 64% in the first month as well. The Luxor Hashprice Index, which aims to quantify how much a miner might make from the processing power used by the Bitcoin network, has increased by 21%...

With the Web3 gaming sector often employing unsustainable play-to-earn economic designs, a service economy approachable gamers to earn without having to invest. While 2021 will primarily be remembered for the explosive price appreciation seen across crypto assets and NFTs, blockchain gaming also saw a rapid expansion in user adoption and blossomed into taking up more than 50% of all activity across the blockchain industry. Most of these Web3 games employ a play-to-earn (P2E) economic design where players are rewarded for their time, efforts, and in-game accomplishments. Combining the core gameplay with economic mechanics, most P2E Web3 games rely on rewarding gamers with in-game items in the form of NFTs or with the platform’s native tokens. This model, however, has proven to be highly un sustainable in bear markets and has compelled Web3 gaming entrepreneurs to shift to a hybrid solution involving both NFTs and fungible tokens (FTs). Offering better liquidity on account of fungible...

This week has been a remarkable one for cryptocurrencies, with Bitcoin and Ethereum both experiencing double-digit gains. The two largest digital assets by market capitalization have both advanced more than 20%, and the trend is likely to continue as they continue to consolidate before their next push higher. FTX, a cryptocurrency exchange that had suffered a major collapse, has managed to reclaim more than $5 billion worth of assets according to an attorney associated with the case.  However, the amount of losses incurred by customers due to the collapse of Sam Bankman-Fried's business remains unknown for now. Just a year ago, the company was estimated to be worth $32 billion, however, it recently filed for bankruptcy protection in November. Prosecutors suspect that Bankman-Fried was behind the 'epic' fraud which could have caused immense losses for investors, customers, and creditors amounting to billions of dollars. Bitcoin Funding Rates Reach 14-Mont...

The Legislative Assembly of El Salvador approved the Digital Assets Issuance Law, a framework that will allow the country to issue crypto-related debt instruments. The approved law, which was passed thanks to the majority that President Nayib Bukele has in Congress, serves as a base for the issuance of the long-expected volcano bonds. El Salvador Passes Digital Bond Law El Salvador has taken another step in the way of integrating blockchain technology with the financial operations of the state. The Legislative Assembly finally passed the Digital Assets Issuance Law, which establishes the rules for the state to open cryptocurrency-related public offers. The law, which was passed with a majority due to the support of Nayib Bukele’s party, has the objective “to establish the legal framework that grants legal certainty to transfer operations to any title of digital assets that are used in the issuance of public offerings carried out in El Salvador.” The document also c...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com Fight Out is making strides in its mission to revolutionize the fitness and health industries completely, and its native token is on its way to a milestone of $3 million in capital raised. A New Way to Stay Fit  Fight Out is a new move-to-earn (M2E) blockchain-based platform that is gaining traction among fitness enthusiasts with the goal of constructing real gyms with Web3-related functions. The platform, which was unveiled in 2022, operates with a simple premise – people will be more willing to get fit if they have a reason to.  With that in mind, this move-to-earn platform is now giving people a financial incentive to stay fit. Fight Out will provide users with all the tools and content they need and will reward them for maintaining their physical fitness.  When users sign up on Fight Out, the platfor...

The media’s lawyers argued the public’s right to know Bankman-Fried's sureties outweighed their privacy and safety rights, but Bankman-Fried’s lawyers strongly disagreed. Eight major media companies including Bloomberg, The Financial Times and Reuters have demanded public disclosure of the two individuals responsible for guaranteeing FTX former CEO Sam Bankman-Fried's $250 million bond.  In a Jan. 12 letter addressed to New York District Court Judge Lewis Kaplan, attorneys from Davis Wright Tremaine LLP — acting on behalf of the Media giants — argued that “the public’s right to know Bankman-Fried's guarantors outweighed their privacy and safety rights.” Media organizations looking to persuade the judge to unseal the identities of Bankman-Fried's guarantors include the Associated Press, Bloomberg, CNBC, Dow Jones, The Financial Times, Insider and the Washington Post. Cast your vote now! In making their case, the media’s lawyers used case precedent from Ghislaine Maxw...

The agency overseeing the financial sector in Germany has issued a warning about the ‘Godfather’ malware attacking banking and crypto applications. Hundreds of these platforms have been targeted, the regulator noted, including those operating in the Bundesrepublik. Financial Authorities Advise Germans How to Protect Their Mobile Apps From Malware The Federal Financial Supervisory Authority of Germany (Bafin) has warned consumers about the threats from a malicious software known as ‘Godfather.’ The Trojan often mimics a legitimate app and records user input when accessing fiat and crypto accounts. In a notice published on Monday, the watchdog pointed out that Godfather has already attacked around 400 banking and cryptocurrency apps, including those developed by financial institutions operating in Germany. It is yet unclear how precisely the malware loads onto the targeted devices but it usually launches as a fake interface of a regular banking or crypto application to collect login ...

As companies reel out their 2023 goals, the world’s largest cryptocurrency exchange, Binance has stated that it plans to grow its workforce by 15 – 30%. This means that it could hire between 1200 and 2400 employees this year. Following Binance CEO’s revelation at a conference in Switzerland, Binance also secured regulatory approval in Sweden.   Binance’s plans to expand come amid massive layoffs across the crypto sector. CZ disclosed that in spite of the market turbulence last year, the exchange expanded its manpower by 167%—from 3000 to 8000. Therefore, the mass hiring in this new year will be an extension of 2022’s as the company plans to improve its efficiency. Part of this improvement will include upgrading its technology and customer care support. This will also help the exchange as it spreads its tentacles to Sweden.    KYC & Audit Solutions! SolidProof Binance Gains Regulatory Approval in Sweden  The Swedish Financial Supervis...

Source: Yanik Chauvin/Adobe The American investment firm Albright Capital has pulled out of a class action lawsuit against Terraform Labs, the firm behind the Terra protocol and the Terra Luna Classic (LUNC) coin. Per court documents, Albright – along with its fellow claimants, the legal firms Scott & Scott and Bragar Eagel & Squire – voluntarily retracted its claims “without prejudice and without costs against the defendant(s)” at a branch of the New York Southern District Court. Albright et al had hoped to secure a legal victory over Terraform and its Co-founder Do Kwon, as well as US associate companies. The claimants had hoped to unite scores of disgruntled Terra investors smarting from the May 2022 ecosystem collapse. Terra Luna Classic (LUNC) prices over the past 24 hours. (Source: CoinMarketCap) In the legal sphere, a voluntary retraction of this sort is often carried out in a bid to protect the claimant from possible negative ...