Ether (ETH) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in investor sentiment in ETH derivatives provides hope that Ether price could reach $1,800 or higher by the end of February. This, of course, depends on how the Ether price behaves as it reaches the pattern deadline by mid-February. Ether/USD price…
Month: February 2023
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse – Defi Bitcoin News
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back On Thursday, Feb. 2, 2023, the top smart contract platform coin economy increased…
Chinese Communist Party officials issue KPIs for e-CNY transactions in Suzhou
According to local news outlet JS China, on Feb. 1, an annual meeting regarding the trial of the digital yuan central bank digital currency (e-CNY CBDC) was attended by senior Communist Party officials in the City of Suzhou. As part of the meeting outcomes, party officials have set a tentative key performance indicator (KPI) of 2 trillion CNY ($300 billion)…
DeFi enjoys prolific start to 2023: DappRadar report
Decentralized finance (DeFi) protocols experienced a boom in total value locked across different staking pools in January 2023. The market hit $74.6 billion worth of staked assets, increasing by 26% from December. In its latest monthly report, DappRadar outlined the growth of the DeFi sector alongside rejuvenated nonfungible token (NFT) markets that have also had upticks in trading volume and…
FIO Protocol Launches NFT Domains Wrapped on Polygon – Press release Bitcoin News
press release PRESS RELEASE. FIO Protocol, the leading decentralized solution for global blockchain usability, has announced the launch of FIO Domain wrapping on the Polygon blockchain. Wrapping is the process of taking a token from one blockchain and making it available for use on another. This launch moves FIO Protocol into the $31.4 billion NFT market by enabling users to…
Kraken shuts down Abu Dhabi office: Report
Cryptocurrency exchange Kraken has reportedly closed its office in Abu Dhabi less than 12 months after receiving regulatory approval to operate in the region. According to a Feb. 2 report from Bloomberg, Kraken shut down its Abu Dhabi office, laying off roughly eight people on the team focused on the Middle East and North Africa, or MENA. The exchange had…
What is Canto? The Token That Rallied 700% in a month
In early 2023, Canto tokens surged, climbing from just over $0.07 on Jan. 1 to over $0.46—a rally of over 700%—a month later. But what is Canto and what is behind its astronomical spike? Below, we take a closer look at this emerging blockchain and token that launched in August 2022. Canto is a permissionless, layer-1 blockchain that runs the…
Is Anyone Using Helium? Nova Labs’ New IoT Push May Provide Answers
Crypto wireless network Helium was once the poster child for tangible crypto utility—but growing skepticism of the model, plus major brands distancing themselves from the project, has cast doubt on whether the distributed network is actually serving much purpose. Nova Labs, which created and now supports the decentralized Helium network, now has a plan to bring more high-profile brands and…
Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live
In this week’s episode of Market Talks, Cointelegraph welcomes Budd White, chief product officer and co-founder of Tacen, a United States-based software company developing compliance software for a well-regulated crypto space. To kick things off, we get to know Budd a little better and find out his background and what drew him to the space. We also find out what he’s looking…
FTX Bankruptcy: Texas, California, and New Jersey Join Call for Independent Examiner
A growing chorus of regulators wants an independent examiner appointed to review the financial statements, or lack thereof, in the FTX bankruptcy proceedings. “Texas, among several other state and federal regulators, is currently investigating the Debtors and their related entities for violations in connection with their transaction of business in Texas and with Texas account holders,” wrote attorney Roma Desai…