Blockchain and Crypto News

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

HK legislator’s firm to lure 1,000 Web3 start-ups over 3 years

G-Rocket is aiming to attract 1,000 Web3 start-ups to Hong Kong and will help them with banking, government services and office spaces.

Crypto Twitter confused by SBF's $250M bail and a return to luxury

The crypto community raised many questions about how FTX's former CEO was able to secure bail and the conditions it will come with.

Crypto Twitter confused by SBF's $250M bail and a return to luxury

The crypto community raised many questions about how FTX's former CEO was able to secure bail and the conditions it will come with.

Crypto Twitter confused by SBF's $250M bail and a return to luxury

The crypto community raised many questions about how FTX's former CEO was able to secure bail and the conditions it will come with.

Binance addresses 7 instances of recent FUD via Chinese blog post

Binance is fighting back against the tsunami of FUD it has faced in recent weeks.

BTC miner Core Scientific gets interim nod for $37.4M bankruptcy loan

The loan would allow Core Scientific to keep its mining and hosting operations afloat while it restructures.

The most eco-friendly blockchain networks in 2022

This year saw the realignment of the crypto industry toward greener, more energy-efficient blockchains.

Rating agencies, not regulators, can rebuild trust in crypto after FTX

Private rating agencies could work better and more quickly than regulators when it comes to reviewing businesses in the cryptocurrency industry.

BNB Chain now has more unique addresses than Ethereum, developer says

Unique addresses on the Build and Build (BNB) Chain have now surpassed Ethereum, according to a Dec. 22 statement from the developer.

The developer claims that this makes BNB Chain “the largest layer 1 blockchain in the world.” However, blockchain data shows that the Bitcoin network is still larger than both BNB Chain and Ethereum.

According to Etherscan, Ethereum currently has over 217 million unique addresses. By contrast, BNB Chain has over 233 million unique addresses according to BscScan. This implies that BNB Chain is larger than Ethereum as judged by this metric.

On the other hand, the Bitcoin network has over 1 billion unique addresses, making it larger than both of these networks combined.

The statement was made as part of BNB Chain’s “Year in Review.” The post also highlighted other significant milestones that the BNB network has reached over the past year. The network capped out at 9.8 million transactions per day in May and reached 2.2 million daily active users (DAUs) in October, with DAUs being defined as the number of unique addresses per day that interact with a smart contract.

BNB Chain now has more unique addresses than Ethereum, developer says

Despite this growth, BNB Chain still has far less unique addresses than Bitcoin.

Marshall Islands legally recognizes DAOs as domestic limited liability companies

The law enables legal entities registered in the country to formally adopt DAO structures and governance tools.

SBF sent home after his parents put up their house to cover his astronomical bail bond

The former billionaire, who has since claimed to be worth no more than $100,000, is out of jail on a $250 million bond.

The driving forces behind crypto adoption in Latin America in 2022

Inflation has fueled crypto growth in the region, stimulating asset tokenization and remittance infrastructure development.

Brazilian president signs crypto bill into law

The law included many digital currencies under the definition of legal payment methods in Brazil and established a licensing regime for virtual asset service providers.

North Korean hacking activity ceases after regulators implement KYC - Report

Intelligence officials that out of $620 million in crypto stolen by North Korean hackers this year, none were related to South Korea.

Third parties could return FTX funds directly to customers: Law firm

According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings.

Bitcoin dips below $16.7K as US GDP meets fresh BTC price 'death cross'

Bitcoin has never seen this particular "death cross" before in its life, one analyst notes as BTC price weakness continues.

Bitcoin dips below $16.7K as US GDP meets fresh BTC price 'death cross'

Bitcoin (BTC) fell at the Dec. 22 Wall Street open as United States equities reversed previous gains.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bitcoin risks new and unseen "death cross

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to intraday lows of $16,650 on Bitstamp.

The pair remained a conspicuous stocks copycat as the S&P 500 opened down 1.6% and the Nasdaq Composite Index traded down 1.8% at the time of writing.

The weakness appeared to be a reaction to stronger-than-expected U.S. gross domestic product (GDP) growth in Q3, data for which was released prior to the open.

Despite notionally a sign of recovery, concerns focused on the Federal Reserve continuing its restrictive economic policy on the assumption that the economy would be able to withstand the measures.

image

5 cryptocurrencies to keep an eye on in 2023

It has been a tumultuous year for the crypto investors who have witnessed the total crypto market capitalization tumble from about $2.2 trillion at the beginning of 2022 to about $850 billion in December. The sharp erosion in valuation was caused due to several high-profile bankruptcies in 2022.

The entire Terra ecosystem imploded with the collapse of its LUNA token and TerraUSD (UST) stablecoin. The failure of Three Arrows Capital followed this black swan event, and the final blow came as FTX underwent a bank run and imploded. These back-to-back events triggered a liquidity and credit crunch and appear to have caused the most damage to the crypto industry.

A prolonged bear market tends to test investors’ patience, but it offers one of the best opportunities to buy fundamentally sound cryptocurrencies at lower levels. Smart investors who can go against the herd and invest during periods of panic tend to benefit the most when the trend eventually turns.

Crypto market data daily view. Source: Coin360

While a bear market is a great time to build a portfolio, traders tend to make the mistake of buying the coins that have fallen the most in the hope that they will recover to their previous glory. Most times that does not happen because every bull market has a new set of leaders. Generally, the ones that are resilient during the fall or recover quickly from the bottom tend to lead on the way up.

Let’s look at five cryptocurrencies that are showing promise for 2023.

image

5 cryptocurrencies to keep an eye on in 2023

Analysts expect the bear market to loosen its grip in 2023. Here are five cryptocurrencies to keep an eye on.

Image