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Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction has been facing some mixed price action in recent days, with the crypto seeing multiple strong uptrends and selloffs. Bitcoin Prediction Statistics Data: Bitcoin price now – $23,123 Bitcoin market cap – $445.7 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: $27,000, $28,000, $29,000 Support Levels: $20,000, $19,000, $18,000 At the time of writing, BTC/USD is trading up just above 1.26% at its current price of $23,123, which marks a notable surge from recent lows of $22,719 that were set in the early hours of today. However, the king coin’s strength is showing few signs of degrading, with bulls aggressively buying each dip as bears struggle to gain any momentum. Meanwhile, where the cry...

Despite restructuring into a hosting firm for Bitcoin mining, Greenidge still owns about 10,000 miners, maintaining a capacity of 1.1 EH/s. Bitcoin (BTC) Mining company Greenidge Generation has significantly reduced its debt with the investment management firm, New York Digital Investment Group (NYDIG). On Jan. 30, Greenidge entered into several agreements associated with its secured debt with NYDIG, transferring ownership of Bitcoin mining hardware and certain credits to NYDIG. The transaction reduced the principal and accrued interest balance of debt with NYDIG from about $76 million to roughly $17 million, resulting in total aggregate debt reduction of around $59 million. One of the agreements, the senior secured loan agreement, also enables an opportunity for a voluntary prepayment of the loan by transferring ownership of certain mining infrastructure assets. Subject to a binding agreement by NYDIG, the loan agreement can potentially reduce the principal balance of the debt to app...

It isn’t clear whether a 25-year-old European Union law means you should be allowed to get refunds on your NFTs. Should people who purchase nonfungible tokens (NFT) be entitled to refunds if they decide they don’t like their digital pictures? Some Europeans are beginning to make that case under a 25-year-old law. Unhappy buyers have claimed that their right to a refund is protected by a 1997 European Union law that requires any person or business engaged in “distance selling” — that is, buying and selling a product that is not done in person — to allow customers a 14-day grace period to return the product for a refund. But since digital goods are different, the law makes provision for the 14-day period to be waived if customers are made aware in advance. While the interpretation of the law is going to inevitably play out in the courts, there are several important caveats to take into account, particularly given that the law was written before the ubiquity of digital goods and services...

The community has been divided as to whether the NFT-like "digital artifacts" are the right fit for the Bitcoin ecosystem. The recent launch of a nonfungible token (NFT) protocol on the Bitcoin mainnet has the crypto community divided over whether it’ll be good for the Bitcoin ecosystem.  The protocol, referred to as “Ordinals,” was created by software engineer Casey Rodarmor, who officially launched the program on the Bitcoin mainnet following a Jan. 21 blog post. The protocol essentially allows for the Bitcoin version of NFTs — described as “digital artifacts” on the Bitcoin network. These “digital artificats” can comprise of JPEG-like images, PDFs, video and audio formats. Meme-inspired, NFT-like “digital artifacts” are now being inscripted on the Bitcoin network. Source: Ordinals. The introduction of the protocol has the Bitcoin community divided however, with some arguing that it would offer more financial use cases for Bitcoin, while others say its straying away fro...

The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport Lays Off 10% of Staff as Crypto Winter Continues Jihan Wu’s Matrixport is letting go of 10% of the firm’s employees, according to multiple reports on Jan. 27, 2023. Bloomberg details that unnamed sources say the company’s head of business development and investor relations has left. The news follows another Bloomberg report, published in Nov. 2022, that said Matrixport was seeking $100 million in financing from investors. At the time, the company told the publication it was engaging with investors. In addition to sources from Bloomberg on Friday, the company’s COO, Cynthia Wu, confirmed to Coindesk’s Omkar Godbole that the 10% cut ...

Carrano price bulls have slowed down an aggressive four-week push that saw the token’s value grow by 45.5% in 30 days. The eighth-largest cryptocurrency, boasting $13.2 billion in market capitalization, holds slightly in the green backed by a 0.9% increase in 24 hours. The 50% pump from the bottom saw ADA price reach highs of $0.39 but has since retraced to trade at $0.379 at the time of writing. ADA’s Bullish News Roundup as Cardano Price Gazes Toward $10 Cardano’s use cases as a smart contract platform have attracted the attention of the United Nations High Commissioner for Refugees (UNHCR), which hopes to tap the crypto platform as an alternate approach to supporting unfairly displaced people. Through this platform, the humanitarian organization will innovatively raise funds. With this development, UNHCR will for the first-time use blockchain technology to link other humanitarian communities to achieve a positive impact. “Adopting the Carda...

It's been an explosive month for SOL, the cryptocurrency that powers Solana’s high-performance layer-1 blockchain protocol. The cryptocurrency was last trading higher by about 145% on the month in the mid-$24.00s and is up an even more impressive more than 200% versus its end of December 2022 lows under $8.0 per token. December was a dire month for Solana’s price as investors continued to dump the token on concerns that the collapse of potentially fraudulent cryptocurrency exchange FTX in November, a big supporter of the Solana ecosystem, would result in the “death” of the ecosystem and cryptocurrency. But Solana has a decentralized ecosystem of supports and applications that, while struggling in wake of the collapse of FTX and withdrawal of all the liquidity it used to provide, continued to express support for the Solana project. Various metrics, as discussed in this recent article, suggested that activity within the Solana ecosystem remains ...

Bitcoin is one of the most popular cryptocurrencies in the world. Its price has been on a roller coaster ride over the past few months, with its 24-hour trading volume recently blasting past $30 billion. This has led to speculation that Bitcoin could be headed for the moon.  Let's take a look at all the fundamentals that are driving the price action of the BTC/USD pair. Blockstream Raises $125M for Bitcoin Mining Blockstream, a provider of digital asset infrastructure, has raised $125 million to fund its Bitcoin mining co-location services, demonstrating the rise in demand for institutional hosting during the bear market.  Blockstream announced on January 24 that the financing was backed by a convertible note and a secured loan. Furthermore, the funds will be used to expand the firm's bitcoin mining operations. Bitcoin users are financially rewarded for securing the network through mining.  Miners use special, energy-intensive technology to create Bitc...

Join Our Telegram channel to stay up to date on breaking news coverage The dYdX price prediction shows that buyers defend $1.51 support, which results in a recovery above the resistance level of $1.70. dYdX Prediction Statistics Data: DYDX price now – $1.75 DYDX market cap – $292.7 million DYDX circulating supply – 156.2 million DYDX total supply – 1 billion DYDX Coinmarketcap ranking – #117 DYDX/USD Market Key Levels: Resistance levels: $2.40, $2.60, $2.80 Support levels: $1.10, $0.90, $0.70 DYDXUSD – Daily Chart DYDX/USD is hovering around the resistance level of $1.75 aiming to cross above the upper boundary of the channel. Yesterday, the market was extremely down heading toward the 9-day and 21-day moving averages. However, DYDX reached $1.80 a couple of days ago before plunging back to $1.50 yesterday. At the time of writing, the dYdX price is creating a new bullish trend and trading at $1.75 within the channel. dYdX Price P...

In just the first 17 days of the new year, the Ghanaian currency reportedly depreciated by 12.7%, making it the second worst-performing among Sub-Saharan Africa’s top 15 currencies. While one U.S. dollar bought 13.10 units of the cedi on the parallel market, according to the latest Bank of Ghana data, one greenback buys around 10.36 units of the local currency. The Cedi’s Short-Lived Resurgence After ending 2022 as one of the world’s worst-performing currencies, the Ghanaian currency is already one of two in Sub-Saharan Africa’s top 15 currencies that depreciated by double-digit figures within the first 17 days of the new year, a report has said. The Egyptian pound, which depreciated by 16.5% during the same period, is the only currency among Sub-Saharan Africa’s top 15 that has depreciated faster than the cedi. Although the Ghanaian cedi’s year-to-date 12.7% drop is still lower than that of the whole of 2022 (38.86%), the latest depreciation suggests that the curre...

Brazil and Argentina are looking to begin work on the issuance of a common currency. Sergio Massa, minister of the economy of Argentina, also stated that the two countries will be inviting other nations in the area to join this economic integration project in the future. Brazil and Argentina to Spearhead Common Currency Issuance Project Ministries of Brazil and Argentina will be discussing the first steps to issue a common bilateral currency. According to statements given by the minister of the economy of Argentina, Sergio Massa, representatives of both countries will be discussing this subject at the CELAC summit in Buenos Aires on Jan. 24. Massa told Financial Times that the discussion would revolve around initial considerations for the issuance of the coin that would be called “sur,” Spanish for south. Massa stated: There will be … a decision to start studying the parameters needed for a common currency, which includes everything from fiscal issues to the size ...

AXS price has formed a "gravestone" doji on its daily chart that coupled with its recent token unlock event hint at a potential bearish reversal ahead. Axie Infinity (AXS) has rallied 135% month-to-date to reach approximately $14 on Jan. 23, its highest level in two months. Nonetheless, the AXS/USD pair could suffer major losses in the coming weeks owing to a flurry of negative technical and fundamental indicators. Axie Infinity price prints "gravestone" doji The AXS price formed a "gravestone doji" candlestick on Jan. 23, which technical analysts view as a bearish reversal pattern. A gravestone doji appears when an asset's opening, closing, and the lowest price comes to be nearly identical except for the highest price, as shown in the chart below. The long upper wick shows that the bears pared all of the gains printed by the candle during the given session. AXS/USD daily price chart featuring gravestone doji. Source: TradingView AXS seems to have b...

Aptos price is one of the few cryptocurrencies that have almost recovered the value they lost during the entire 2022 bear market run. The Layer 1 token has in two weeks rallied 253% to trade at $13.55, bringing the network’s cumulative 30-day gains to a whopping 265%. Aptos is holding 4.4% shy of its all-time high of $18.00 but appears poised for a sharp move beyond $20.00. Aptos Price Rally on A Temporary Hold Ahead of the Next Move To $20 Aptos price is heavily overbought, based on the short-term four-hour chart. The latest sprint above resistance at $10.00 ignored calls to slow down the uptrend and bulls went ahead to trade a four-month high of $14.55. Following a minor retracement, APT price is dancing at $13.55 at the time of writing. Tentative support is expected at $12.50, which will allow bulls to take a breather as they plan the next attempt beyond the all-time high. APT/USD four-hour chart It is conceivable that Aptos price may stretch its pullback as investors...