This week on The Market Report, the resident experts at Cointelegraph discuss the recent fear, uncertainty and doubt (FUD) around the popular cryptocurrency exchange Binance and what the CEO of Solana had to say about recent outages. We kick things off with this week’s top stories Binance CEO responds to Forbes claims: ‘They don’t know
Month: February 2023
Avalanche fell to a two-week low on Tuesday, as the token broke out of a key support point. Prices fell below a floor at $17.50, which comes as the global cryptocurrency market cap is down by 1.01% as of writing. Polkadot also extended its recent losses, falling by nearly 3% on Feb. 28. Avalanche (AVAX)
The supply of wrapped Bitcoin (wBTC) dropped to its lowest since May 2021 after the second-largest single-day burn on Feb. 27. A total of 11,500 wBTC ($260 million) linked to now-bankrupt crypto lender Celsius was burned, turning its growth rate negative. The current total supply of the wrapped token is 164,396 wBTC, with a monthly
The Ethereum blockchain’s Sepolia testnet has undergone a successful upgrade that simulates the upcoming Shanghai hard fork expected to take place on mainnet in March. The “Shapella” upgrade, which combines the names of the upcoming Shanghai and Capella hard forks, was successfully implemented on the testnet on Feb. 28. Sepolia testnet has successfully upgraded to
Crypto ATM installations have seen a steady decline across the world over the past several months. While some ATMs have been taken out of operation due to geopolitical tensions and revenue decline, providers like Bitcoin Depot have started converting their physical Bitcoin (BTC) ATMs to software. Bitcoin Depot recently converted all of its 7,000 crypto
The latest data shows that Bitcoin (BTC) exchanges have less BTC to buy than at any time since early 2018. On-chain analytics firm Glassnode confirms that as of February 2023, exchange reserves are at five-year lows. “Wild stat” shows Bitcoin supply maturation The latest statistics reflect the determination of Bitcoin hodlers, as major exchanges’ BTC
This Crypto will be Huge! ❤️ Get 17 Free stocks with moomoo 🚀 ► https://j.moomoo.com/00hxeB 💰 Australia Residents MooMoo LINK ► https://j.moomoo.com/00kPum ____________________________________________________________ 🎓 STOCKS FOR BEGINNERS: https://stock-up-u.teachable.com/p/investing-the-ultimate-beginners-course Has Bitcoin bottomed? Image result for is bitcoin bottom behind us The halving cycle has been a theory used to predict Bitcoin tops, bottoms and turns for
One of the original core developers behind Bitcoin (BTC), Luke Dashjr, has taken to social media to call out an auction site that has used his name and code without his consent to create and sell a “misleading” NFT. The core developer said he hasn’t been the first Bitcoin developer to have his name or his
Anatoly Yakovenko, the founder and CEO of Solana Labs, has denied claims that Solana’s network outages were being caused by a high volume of validator messages and its on-chain voting system clogging its consensus layer. While the Solana Foundation confirmed in a Feb. 27 post that the “root cause” of the recent 20-hour network outage
Robinhood Markets has revealed that it has received an investigative subpoena from the United States Securities Exchange Commission over its digital asset business’ crypto listings, custody and platform operations. In a 10-K filing, the brokerage said it received the investigative subpoena in December, a month after crypto exchange FTX filed for bankruptcy and following the bankruptcy
The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the key topics discussed during the G20 meeting over the weekend. G20 Agrees Crypto Poses Major Risks to Financial Stability, Says RBI Governor
Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain. At the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors’ hope for a soft landing and a possible averted recession in the
Some cryptocurrencies are inflationary because the supply of coins increases over time. Inflationary cryptocurrencies use a combination of predetermined inflation rates, supply constraints, and mechanisms for distributing tokens to maintain the supply and incentivize participation in the network. Looking at their monetary systems, cryptocurrencies have various coin-creation and supply mechanisms. Inflationary cryptocurrencies have a steadily
Bitcoin (BTC) and the United States equities markets are trying to start the week on a positive note, but some analysts are skeptical about the short-term prospects of the markets. According to Bloomberg Intelligence senior macro strategist Mike McGlone, Bitcoin will face significant resistance at $25,000. McGlone believes that it “may be a while before buy-and-hold
While electricity is an integral part of our daily lives, some modern technologies do not require electricity to function. These technologies rely on other energy sources, such as mechanical energy, solar energy, or kinetic energy, to operate. In this article, learn how seven modern technology examples work without electricity. Solar-powered calculators One typical instance of
Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT) and Circle’s USD Coin (USDC). Paxos has claimed in the past that BUSD is fully backed by reserves held in either fiat cash or United States Treasury bills.
Shiba inu started the week trading marginally higher, despite cryptocurrencies mostly consolidating on Feb. 27. At the time of writing, the global market cap is currently up 0.83%, as volatility has intensified. Litecoin also rebounded on Monday, hitting a four-day high. Shiba Inu (SHIB) Shiba inu (SHIB) continued to move away from a recent support
Hardware wallet manufacturer Trezor is accelerating the production of new Trezor wallets by producing its own wallet silicon chips. Trezor officially announced on Feb. 27 that the firm would start facilitating the production of its key component, the chip wrapper, in its flagship product — the Trezor Model T. The move aims to significantly optimize
Bitcoin (BTC) keeps pushing for a bullish end to February as the monthly close starts another week’s price action. The largest cryptocurrency looks set to preserve its gains as it closes the second month of 2023 — and keeps bulls’ hopes alive. Can the good times continue? The coming week could mean decision time for
►In today’s video, I go over the Top 3 Cryptos to buy this month in March 2023! The crypto market is definitely picking up some steam…. finally. But the question is will it last or are we going to fall right back down… Well luckily for you I share what’s really happening in the crypto
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