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Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders.
The FTX saga is set to enter its next phase in October with the start of SBF’s trial. However, industry experts are concerned that prosecutors could use him to set an example.
U.S. Department of Justice to announce enforcement action against Bitzlato exchange.
The firm previously specialized in tokenizing equity and bond issuance for startups.
A further boost to crypto markets precedes the Wall Street open, but order books are warning of "fading" upside.
The central bank governor highlighted that the South African Reserve Bank would rather follow than become a first mover in retail CBDCs.
Name: Mason Versluis — aka “Crypto Mason”
Anonymous: No
Twitter followers: 146.2K
Known for: Garnering over 1 million followers on social media before he could legally drink in the United States
Mason Versluis may only be 22 years old, but he’s already a full-time crypto influencer thanks to his wise old father introducing him to the world of XRP and Ripple before his 17th birthday.
Name: Mason Versluis — aka “Crypto Mason”
Anonymous: No
Twitter followers: 146.2K
Known for: Garnering over 1 million followers on social media before he could legally drink in the United States
Mason Versluis may only be 22 years old, but he’s already a full-time crypto influencer thanks to his wise old father introducing him to the world of XRP and Ripple before his 17th birthday.
Name: Mason Versluis — aka “Crypto Mason”
Anonymous: No
Twitter followers: 146.2K
Known for: Garnering over 1 million followers on social media before he could legally drink in the United States
Mason Versluis may only be 22 years old, but he’s already a full-time crypto influencer thanks to his wise old father introducing him to the world of XRP and Ripple before his 17th birthday.
Shiba Inu is hoping to become more than just a Dogecoin-inspired meme cryptocurrency as it comes closer to launching its layer-2 network called Shibarium. Meanwhile, the SHIB token has emerged as one of the best-performers so far in 2023.
SHIB's price has rallied nearly 60% year-to-date (YTD) to $0.00001294, its highest since early November 2022.
SHIB/USDT daily price chart. Source: TradingViewThe gains started appearing mainly due to favorable macro conditions that prompted similar rallies elsewhere in the crypto market. Nonetheless, the Shiba Inu price rally picked up momentum as investors assessed its announcement of the upcoming beta release of Shibarium.
Shibarium is reportedly a layer-2 network that would run atop the Ethereum blockchain mainnet. In other words, it would enable developers to build and launch decentralized applications (dapps) while aiming for lower transactional costs and improved network scalability.
Shiba Inu price is now up 25% since Jan. 16 when the Shiba Inu team teased its audience with the Shibarium launch announcement.
Shiba Inu is hoping to become more than just a Dogecoin-inspired meme cryptocurrency as it comes closer to launching its layer-2 network called Shibarium. Meanwhile, the SHIB token has emerged as one of the best-performers so far in 2023.
SHIB's price has rallied nearly 60% year-to-date (YTD) to $0.00001294, its highest since early November 2022.
SHIB/USDT daily price chart. Source: TradingViewThe gains started appearing mainly due to favorable macro conditions that prompted similar rallies elsewhere in the crypto market. Nonetheless, the Shiba Inu price rally picked up momentum as investors assessed its announcement of the upcoming beta release of Shibarium.
Shibarium is reportedly a layer-2 network that would run atop the Ethereum blockchain mainnet. In other words, it would enable developers to build and launch decentralized applications (dapps) while aiming for lower transactional costs and improved network scalability.
Shiba Inu price is now up 25% since Jan. 16 when the Shiba Inu team teased its audience with the Shibarium launch announcement.
Switzerland-based cryptocurrency firm 21Shares is betting on proof-of-stake (PoS) coins by launching a new crypto exchange-traded product (ETP) dedicated to staking.
21Shares on Jan. 18 launched the 21Shares Staking Basket Index ETP, a crypto staking index designed to track up to 10 PoS cryptocurrencies. The ETP immediately starts trading on the local stock exchange BX Swiss under the ticker STAKE.
At launch, 21Shares’ STAKE ETP tracks six digital assets, including Binance Coin (BNB), Cardano (ADA), Cosmos (ATOM), Polkadot (DOT), Solana (SOL) and Tezos (XTZ). The index will rebalance on a semi-annual basis in March and September in accordance with market shifts.
With addition of STAKE, 21Shares and its parent firm 21.co now provide a total of 47 crypto ETP products across 12 exchanges in nine countries. The ETPs aim to provide investors with a safe and secure way to gain exposure to crypto, offering an alternative to direct crypto investment.
“STAKE provides value for investors by using the ETP’s assets to generate a passive yield that may offer additional returns by contributing to the network’s security,” 21.co director of ETP Arthur Krause said in a statement to Cointelegraph.
Ethereum market dominance has doubled since the lunch of its staking contract in December 2020 as ETH price eyes levels not seen in five years versus Bitcoin.
Ethereum’s native token, Ether (ETH), could grow by 35% versus Bitcoin (BTC) this year to hit 0.1 BTC for the first time since 2018 as it forms a classic bullish continuation pattern.
Dubbed an ascending triangle, the pattern forms when the price fluctuates inside a range defined by rising trendline support and horizontal trendline resistance. It typically resolves after the price breaks out in the direction of its previous trend.
On a weekly chart, the ETH/BTC pair has been painting an ascending pattern since May 2021. The Ethereum token eyes a breakout above the pattern's horizontal trendline resistance near 0.0776 BTC. Breaking this level could then see the price rally by as much as the triangle's maximum height.
In other words, the ETH/BTC pair could reach the next big resistance level at 0.1 BTC in 2023, or 35% from the current price levels.
ETH/BTC weekly price chart. Source: TradingViewNonetheless, it is important to mention that ETH/BTC has attempted to break above the triangle's resistance trendline eight times since May 2021. The attempts included two major breakouts in November 2021 and September 2022, which saw the pair rallying 14% and 9%, respectively.
The co-founder and CEO of Ava Labs spoke with Cointelegraph at the World Economic Forum in Davos, Switzerland, on the future of DeFi and TradFi as two industries with merging value systems.
No change in central bank policy from Japan causes ruffled feathers on forex markets, but Bitcoin remains tied to a trading zone near two-month highs.
