Analysis Crypto by Thebittimes.Com

This week in crypto: Bitcoin’s seventh “golden cross” in 10 years neared, crypto whales discussed which altcoins would take the crypto world by storm, crypto analysts discussed which altcoins had huge potential, crypto assets under management surged 36.7% in January but Grayscale’s situation remained “delicate”, and Ark Invest CEO Cathie Wood stood by her thesis that bitcoin would hit $500,000 by 2030. Ethereum developers launched the "Zhejiang" testnet, Mike Novogratz endorsed Binance and urged success for CEO CZ, the first-ever NFT and metaverse assets-focused ETF announced closure due to market conditions, and Rally announced the closure of its sidechain operations due to a lack of funding. However, Premier League ignored the crypto chaos and backed Sorare's NFT fantasy football game. In CBDC news, over 300,000 stores and vendors in Changsha, China, now accept digital yuan payments, while India's largest retailer Reliance Retail...

Let’s see what happened this cryptoweek. In the ongoing FTX mess, the Bahamian authorities confirmed the exchange is under ‘active’ investigation and that the prime minister’s financial intelligence unit is involved, Sam Bankman-Fried went down to $100,000 from the $17 billion he was worth earlier this year, BlockFi sued Bankman-Fried to seize his Robinhood shares, Silvergate said it had less than $20m in exposure to the bankrupt BlockFi, Genesis creditors sought options to avoid bankruptcy, Solana-based DEX Serum went ‘defunct’, and BlackRock chief executive said more crypto firms would fall following FTX collapse. Meanwhile, US Democrat Beto O’Rourke returned the $1,000,000 donation from the FTX founder before the exchange had collapsed. In South Korea, financial regulators said they warned the Terraform Labs co-founders Do Kwon and Daniel Shin against launching their business in 2018 but were ignored, prosecutors asked for...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. IMPT is a transformative crypto project that allows users to purchase carbon credits. To improve the liquidity of its operations, the platform has also signed partnerships with several companies that act as affiliate partners.  Over 25,000 affiliate partners have already signed up with IMPT, including big names such as Netflix, and Microsoft. This week, South Korean tech giant Samsung and Singapore-based home appliances company Dyson joined the network. Of the 25,000 affiliate partners available with the IMPT, about 10,000 are retail businesses. These companies will make it possible for their customers to shop using the Impact Project, and they get rewarded with the platform’s IMPT token. At the same time, this process also incentivizes other companies to do the same.  Optimizing the Carbon Credit Market...

Geolina163, CC BY-SA 4.0, via Wikimedia Commons Rare Pepe NFTs aren’t the most popular digital art collectibles, but they have an interesting history. Read on to learn what Rare Pepe NFTs are, why they are relevant in Bitcoin culture, and whether or not you should consider collecting them. What is Rare Pepe? Rare Pepe is a subset of “Pepe the Frog,” a character that first appeared in 2005 in Mark Furie’s comic, “Boy’s Club.”   Pepe the Frog is a green anthropomorphic cartoon with a human body. The cartoon character turned into an internet meme in 2008 thanks to its popularization on the social networks Gaia Online, MySpace, and 4chan.  In 2015, Pepe the Frog memes started being used with hateful intentions by the alt-right movement and white supremacists as Donald Trump announced his bid for the presidency.  The following year, Furie partnered with the Anti-Defamation League in a social media campaign usi...

This week in crypto, among the many, many FTX-related news: Sam Bankman-Fried was attempting to raise fresh capital in a bid to make customers whole, FTX-owned Liquid suspended withdrawals, BlockFi continued to pause withdrawals, but was then swept by the contagion along with Genesis and Gemini, and Ikigai admitted that it held “a large majority” of its assets on FTX. Genesis pausing services disrupted the Gopax exchange, and Tether said it had no exposure to Genesis Global and Gemini Earn. Charles Hoskinson said that more damage is coming from the FTX contagion, and Citi analyst Joseph Ayoub warned of serious contagion risks from the FTX implosion. Then, Visa pulled the plug on the FTX partnership, and so did TSM and many others. Some coins were rallying during the FTX crypto crash, and while Berkshire Hathaway’s Vice Chairman Charlie Munger condemned cryptocurrencies, Michael Saylor said bitcoin would come out on top following the FTX collapse, Pa...

The XRP price has risen by 8% in the past day, with its current level of $0.394470 representing a 20% jump since it fell to around $0.33 in the wake of the FTX insolvency crisis. XRP is one of the best-performing major coins in the last 24 hours, although the outcome of the SEC-LBRY case casts doubt on Ripple's ability to come to a positive conclusion in its own case. Regardless, the unfolding FTX drama could ultimately pull down XRP's price yet again in the next few days or weeks, assuming that the imperilled exchange fails to secure fresh funding or some kind of rescue acquisition. At the same time, a win for the SEC in its case against Ripple would send XRP much lower. XRP Price Prediction as Price Rallies 20% From Recent Crash – Is The Selling Over? XRP's chart shows that it remains on a downswing. Its relative strength index (purple) appears to have stalled on its way back up to 40, signalling that there isn't enough momentum in the market to he...

Source: AdobeStock / Richie Chan Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news . __________ CBDC news Financial services group DBS today announced a partnership with Open Government Products (OGP), a tech team within the Singapore Government, to launch a live pilot where purpose-bound money-based vouchers (PBM vouchers) are issued using tokenized SGD to facilitate "real-world" live transactions with selected merchants, said the press release. This forms part of Project Orchid , an industry effort led by the Monetary Authority of Singapore (MAS), to develop the technology infrastructure and technical competencies to enable a programmable digital Singapore dollar (DSGD). Investment news Hong Kong has announced plans to launch a crypto exchange-traded fund (ETF) focused on major cryptoassets like bitcoin (BTC) and ethereum (ETH), Ming Pao rep...

Source: AdobeStock / Song_about_summer Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today&rsquo ;s crypto news . __________ Legal news Australian regulators are suing crypto asset company BPS Financial for alleged misleading statements about its crypto asset Qoin . The Australian Securities and Investments Commission (ASIC) said in a statement that BPS made misleading representations and engaged in unlicensed conduct in relation to Qoin, a digital currency it launched in 2019 and which it claimed can be used for payments for goods and services from an increasing number of merchants registered with BPS. South Korean prosecutors are reportedly seeking an eight-year prison sentence for the former chairman of the Bithumb crypto exchange, Lee Jung-hoon, in the $70 million fraud case. The prosecution asked for that sentence arguing that the damage inflicted was significant, Yonha...

Bitcoin technology has evolved significantly since its launch. Bitcoin is continuously being developed as the community strives to improve privacy and scalability. The original Bitcoin client, Bitcoin Core, is currently on version 23.0, indicating that a lot has been happening behind the scenes — there were a total of 37 Github releases at the time of writing.  Read on to learn about five Bitcoin technology developments geared toward helping Bitcoin achieve its full potential.   Top Bitcoin Technology Developments You Should Know About Over the years, many Bitcoin Improvement Proposals (BIPs) have been presented to the community proposing various ways to improve the network. Some have been approved and implemented, while others have been rejected. Bitcoin Core developers and more than 800 contributors participate in the development process of Bitcoin.  Here’s a list of the top five Bitcoin technology improvements you should know about...

Source: ajmanpoliceghq / Twitter Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news . __________ Exchange news Bitstamp announced that it has integrated PayPal "for millions of people to buy, sell and trade crypto through a secure, regulated platform. Per an announcement, users who already have a PayPal account can start making transactions on Bitstamp right away. They are able to make crypto purchases of up to 2,500 USD/EUR/GBP daily, with 0% trading fee across all coins for their first $1,000 in trading volume over the previous 30-day rolling period. Withdrawals of funds to PayPal "will not be supported for the time being, but we’re planning to introduce this feature in the future," they added. Bitfinex has launched a British Pound (GBP) fiat on-ramp service to enable deposit and withdrawals of GBP, working with fiat on-ramp services provider Open...