The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
Judge pulls out of SBF-FTX case citing husband's law firm's advisory link
Judge Abrams’ withdrawal from the FTX case eradicates any conflict of interest in the FTX case because Andres continues to serve as a partner at Davis Polk & Wardwell, a law firm that advised FTX in 2021.
Santas and Grinches: The heroes and villains of 2022
Here’s a list of the 12 individuals who had the most impact — for better or worse — on the crypto industry this past year.
Santas and Grinches: The heroes and villains of 2022
Here’s a list of the 12 individuals who had the most impact — for better or worse — on the crypto industry this past year.
Economic frailty could soon give Bitcoin a new role in global trade
Aggressive interest rate hikes have wrought havoc on global markets. As a consequence, more countries may embrace Bitcoin in the year ahead.
U.S. delays crypto tax reporting rules, as it still can’t define what a 'broker' is
Congress passed a law in November 2021 that required the new crypto rules to be issued.
Bridge attacks will still pose a major challenge for DeFi in 2023: Security experts
Hackers have stolen over $2.5 billion through vulnerabilities on cross-chain bridges in the past two years.
LastPass attacker stole password vault data, showing Web2's limitations
LastPass users with weak master passwords may need to change the individual passwords they stored with the service.
Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal
According to court documents, Caroline Ellison said she and SBF signed off on “materially misleading financial statements” for Alameda lenders — knowing it was illegal.
US election agency approves use of NFTs as campaign fundraising incentive
According to the FEC, DataVault will receive “reasonable compensation” for each NFT issued to contributors, as well as track all tokens issued for its own records.
Price analysis 12/23: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI
Bitcoin and most major altcoins are trading close to their overhead resistance levels, increasing the likelihood of an upward push.
Price analysis 12/23: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI
Bitcoin (BTC) is on track to end the year with a loss of about 65%. This would mark the third negative year for Bitcoin with the other two being 2014 and 2018. In comparison, the S&P 500 has fared much better but that is also down close to 20% in 2022.
Although cryptocurrency prices have seen deep cuts this year, traders have continued to plow money into the space. An online survey conducted by Blockchain.com shows that 41% of the respondents bought crypto this year and 40% plan to purchase crypto in the next year.
Daily cryptocurrency market performance. Source: Coin360However, a sustained recovery in risk-assets may happen only after inflation shows signs of cooling. That would raise expectations of a pivot by the United States Federal Reserve from its aggressive monetary tightening to an expansionary policy.
In the short term, markets may remain volatile as the volumes are likely to remain thin during the holiday season. Could Bitcoin and altcoins start a recovery? Let’s study the charts of the top-10 cryptocurrencies to find out.
BTC/USDT
Bitcoin is trying to cling to the 20-day exponential moving average ($16,955). The bears tried to pull the price lower on Dec. 22 but the long tail on the candlestick shows strong buying on dips.
Price analysis 12/23: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI
Bitcoin and most major altcoins are trading close to their overhead resistance levels, increasing the likelihood of an upward push.
BTC price ignores US PCE data at $16.8K as Bitcoin rejects volatility
The latest U.S. economic data fails to induce volatility in an otherwise flat Bitcoin price playing field.
BTC price ignores US PCE data at $16.8K as Bitcoin rejects volatility
Bitcoin (BTC) saw a flicker of volatility around the Dec. 23 Wall Street open as the latest United States inflation data came in line with expectations.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin sees "crumb" of volatility on PCE
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly decoupling from solid sideways action to dip to $16,750 on Bitstamp.
The impact of the November U.S. Personal Consumption Expenditures (PCE) Price Index print was notably muted, this despite the data forming a key component of Federal Reserve policy.
Even in the low-volume, low-volatility environment Bitcoin continues to trade in, PCE barely moved markets as traders began to accept that Christmas 2022 may be an underwhelming one.
“Hope you enjoyed that little crumb of vol, it's probably the last,” popular Twitter account Byzantine General responded.
SEC general counsel announces departure from public service
"After thirty-four years of public service, it is time for me to pursue new and different challenges and opportunities," said Dan Berkovitz.
Top-five most Googled cryptocurrencies worldwide in 2022
Cryptocurrencies have suffered immensely in 2022 from the onslaught of a hawkish Federal Reserve and the implosions of crypto platforms FTX, Terra, Celsius Network, and others.
What were the most-searched cryptocurrencies in 2022?
Notably, the market valuation of all the cryptocurrencies combined has dropped 70% year-to-date (YTD) to nearly $770 billion, signifying massive capitulations by traders and investors alike.
The waning demand has also pushed the internet requests fo6r the keyword "buy cryptocurrency" to their lowest since February 2020, according to Google Trends.
Interest in the the keyword "buy cryptocurrency" over the past five years. Source: Google TrendsNonetheless, the latest Accenture's 2022 Global Consumer Payments report shows that retail interest in cryptocurrencies remains high despite 2022's market crash. The reasons given by responders include long-term investments (28%), curiosity (22%), short-term speculation (21%), and others.
Meanwhile, separate research by personal finance portal DollarGeek dwells into 2022's most-searched cryptocurrencies worldwide, thus presenting a rough outlook on what retail players may invest in heading into 2023.
Top-five most Googled cryptocurrencies worldwide in 2022
Bitcoin remains the most-searched cryptocurrency in 2022 by far thanks to its top-brand status and being in a league of its own when it comes to decentralization.
OpenSea blocks Cuban artists from the platform due to US sanctions
OpenSea’s terms of service explicitly prohibit individuals and organizations from sanctioned regions from using its platform.
What is Wrapped XRP (wXRP), and how does it work?
Learn what Wrapped XRP is and how to use wXRP on blockchains other than Ripple’s XRP Ledger.