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Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Price Is in a Tight Range as a Price Rebound or Collapse Is Imminent – December 30, 2022 The BTC/USD price has remained stable above the $16,000 support as a price rebound or collapse is imminent. Moving average lines or resistance near $17,000 have halted further upward market movement. Doji candlesticks have typified the price movement. Bitcoin Price Statistics Data: •Bitcoin price now – $16,591.79 •Bitcoin market cap – $319,446,452,082 •Bitcoin circulating supply – 19,247,693 BTC •Bitcoin total supply – $348,555,802,782 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin’s (BTC) price is currently consolidating above the $16,000 level of support but under the $17,000 ceiling. Since the price collapse on November 9, BTC has fluctuated between $16,...

Source: AdobeStock / doganmesut The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira.  The country's central bank issued a press release on December 29, stating that, "In the scope of the first-phase studies of the Digital Turkish Lira Project, conducted under the leadership of the [CBRT], the first payment transactions on the Digital Turkish Lira Network were executed successfully."  Turkey is far from the only country looking to launch its CBDC - with increasingly more countries exploring ways to enter the digital fiat arena. China seems to be leading the way, and it just recently added cities to the nation’s digital yuan pilot. Also, Hong Kong and Mainland China are set to co-launch the digital yuan’s first cross-border pilot project. The National Bank of Ukraine (NBU) introduced a draft concept for its CBDC, digital hryvnia, or e-hryvnia, at th...

Blockchain tracker Whale Alert has attempted to scan FTX’s historical balance checks to find out whether it was possible to spot the collapse sooner. Data transparency has been a focal point for the crypto industry, but the FTX fiasco has shown that centralized exchanges (CEX) are not transparent enough. So far, crypto analytics firms are apparently not capable of tracking transactions to prevent collapses like FTX. All Bitcoin (BTC) transactions are available publicly on-chain, which enables tracking such transactions when sending crypto from one address to another. However, this is not the case when it comes to interacting with a centralized crypto exchange. Cointelegraph spoke with executives at blockchain intelligence firms, including Chainalysis, Nansen and Whale Alert, to learn more insights about tracking illicit CEX transactions on-chain. According to Chainalysis, a major Blockchain Data platform that cooperates with many governments across the world, there is currently no on-...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com The metaverse may be less than three years in the making, but it has drawn several interests from companies and individuals alike. According to a McKinsey report , the crypto-powered virtual landscape could potentially hit $5 trillion in 2030, less than eight years from now. Current metaverse concepts like Decentraland and The Sandbox are blazing the trail for a new creator economy. However, both cannot lead the nascent sub-sector to its fullest potential. One project adding flavor to the metaverse ecosystem is RobotEra.  This article will give investors a sneak peek at the RobotEra project and the potentially game-changing idea it presents for the virtual world. What Is RobotEra? Launched in November 2022, RobotEra is a sandbox-like planet-rebuilding metaverse project. It focuses on engaging users in multiple activitie...

The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called “pig butchering” that is sweeping across the U.S. “Be very careful when you go on social media and dating apps and somebody starts developing a relationship with you,” cautioned an FBI specialist. FBI Warns About Pig Butchering Crypto Scam The Federal Bureau of Investigation (FBI) has renewed its warning about the “pig butchering” cryptocurrency investment scam. Frank Fisher, public affairs specialist at the FBI’s Albuquerque division, warned that the pig butchering crypto scam “is sweeping the country,” CNN reported Monday, quoting him as saying: Be very careful when you go on social media and dating apps and somebody starts developing a relationship with you, and wants you to start investing … Don’t get butchered. In pig butchering schemes, scammers “fatten up the pig by getting the victim to think...

The issuance became the second major operations of the bank with the new class of assets. Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments amid dedollarization. On Dec. 26, Sber published the news about its first issue of gold-backed DFAs. A diversified metals seller and manufacturer, Solfer, became the first investor to obtain the issued assets. Gold-backed DFAs represent certifying monetary rights, whose price and volume depend on gold prices. According to juridical documentation of the issuance, the bank will provide up to 150,000 DFAs for potential investors to buy. The DFAs will be available to acquire until Jul 30, 2023. The document mentions “the high risks” for investors, ingrained in such kind of assets, including “the risk of illiquidity.” The first deputy chairman of the Executive Board at Sber, Alexander Vedyakhin, cla...

Someone has been accumulating BTC throughout the 2022 Bitcoin bear market, and the trend shows no sign of reversing. Bitcoin (BTC) accumulation is nearing a new milestone this Christmas as redistribution of the BTC supply continues. Data from on-chain analytics firm Glassnode shows that the total BTC balance of so-called “accumulation addresses” is nearing all-time highs. "HODL-only" BTC addresses climb closer to 1 million mark Behind the scenes in the 2022 Bitcoin bear market, certain entities are in no doubt over their BTC investment strategy. According to Glassnode, Bitcoin accumulation addresses are more numerous than ever before, while the BTC balance they contain is almost at a record high. “Accumulation addresses are defined as addresses that have at least 2 incoming non-dust transfers and have never spent funds,” the firm’s description explains. Glassnode adds that exchange wallets and those belonging to miners are excluded from the tally, as are addresses last acti...

Image Source: Video / Yahoo! Finance The spotlight has turned on Alameda Research’s former co-CEO Sam Trabucco as evidence shows he might have played a key role in the FTX scandal.  Trabucco, who was the co-CEO of Alameda along with Caroline Ellison until August 2022 when he stepped down from the role of CEO, has come under the spotlight as former Alameda Research CEO Caroline Ellison has detailed that misconduct happened in 2019 when he was still at the firm.  Notably, Trabucco has been largely silent amid the FTX chaos, and he only posted two tweets during the entire incident. First, on November 6, when speculations around the health of FTX were gathering momentum, he retweeted a tweet written by Caroline Ellison that said:  “[Changpeng Zhao] if you’re looking to minimize the market impact on your FTT sales, Alameda will happily buy it all from you today at $22!”  Then on November 8, he tweeted: “Much love...

The state of the crypto market has been quite monotonous of late. Over the past day, the aggregate valuation of all crypto assets from the market noted a mere 0.06% deviation. As a result, the global crypto market cap reflected a value of $812 billion at press time. With Christmas just round the corner, market participants have been anticipating a hype-induced rally. So, in this article, we’ll analyze if Shiba Inu can pull off an uptrend over the short term or not. Even though the state of the market has been quite wobbly, Shiba Inu has managed to maintain a market cap of over $4.5 billion. With neither bulls nor bears being able to assert their dominance, the price of the asset has remained almost unchanged over the past day. Data from IntoTheBlock revealed that Shiba Inu is on the verge of stepping into its largest resistance zone from the on-chain perspective. As illustrated below, at an average price of $0.00001, a whopping 316.05k addresses have bought 190.89 trilli...

Join Our Telegram channel to stay up to date on breaking news coverage Troubled cryptocurrency exchange FTX has sought the help of a US bankruptcy court regarding the ownership of $450 million worth of Robinhood (HOOD) shares. This is according to a filing that was filed on Thursday. FTX battles ownership of Robinhood shares The shares under contention are around 56 million, valued at around $450 million. These shares are owned by Emergent Fidelity Technologies Ltd, an institution based in Antigua and Barbuda. The FTX founder, Sam Bankman-Fried, controls 90% of the company. According to the filing, three parties had attempted to gain control of,bn, who is an FTX creditor who was granted permission to sell the shares under supervision by a court in Antigua. The third party is Bankman-Fried, who has legal bills to settle. The FTX bankruptcy estate had urged the brokerage platform where the shares are custodied, ED&F Man Capital Markets, to freeze the shares. According to F...

Join Our Telegram channel to stay up to date on breaking news coverage After touching the daily high of $16,868.82, the Bitcoin price prediction reveals that BTC drops 1.13% as it trades around the $16,635 level. Bitcoin Prediction Statistics Data: Bitcoin price now – $16,635.68 Bitcoin market cap – $320.9 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: $20,000, $22,000, $24,000 Support Levels: $14,000, $12,000, $10,000 With the current movement and the fact that BTC/USD is seen hovering at $16,635, it is likely that the king coin will keep trading below both the 9-day and 21-day moving averages. On the other side, Bitcoin (BTC) is heading toward the $16,000 support to begin the day; if it crosses below the lower channel boundary, it may find the first support level at $15,000. Other suppo...

B2BinPay is perfect for businesses looking for a reliable, cost-effective cryptocurrency payment processing solution; the top payment solution B2BinPay has recently improved its commissions, website, Enterprise and Merchant Models, and the platform itself. With newly lowered costs and an improved user experience on their re design ed website, B2BinPay is making it easier than ever for businesses to get started with their services. Pricing Structures Have Been Updated The B2BinPay team has made a big move to increase value for the customers, announcing changes to their pricing plans, including lower percentage tiers and volume thresholds for the Merchant Models shown below: B2BinPay also announced an updated and improved onboarding fee for Enterprise customers, having been reduced from $1,500 to just $1,000. Additionally, the threshold of percentage tiers for Enterprise users has been adjusted, allowing users to save a significant amount of funds. The changes are illustrated below:...

The provincial government of British Columbia, Canada has enacted an 18-month freeze on setting up any new Bitcoin mining operations.  Btc Bitcoin $16.852,93 price 0.04311% price change TRADE NOW The pause will give the government time to assess whether the mining industry is having an impact on its economic and environmental goals.  According to CBC News , 21 applications for new mining operations in the province have now been suspended. Collectively, they would have consumed 1.403 megawatts of energy, equal to that of 503,000 homes, or 2.1 million electric vehicles.  “Cryptocurrency mining consumes massive amounts of electricity to run and cool banks of high-powered computers 24/7/365, while creating very few jobs in the local economy,” said Josie Osborne, Minister of Energy, Mines, and Low Carbon Innovation in a written statement. The province did not provide information on how many miners it currently houses. Cambridge’s ...

On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for Chapter 11 Bankruptcy Protection, Company’s Largest Unsecured Creditor Is the Financial Institution B. Riley Another crypto firm has filed for bankruptcy protection as the crypto winter has caused a myriad of businesses to shudder this year. On Wednesday, Core Scientific (Nasdaq: CORZ), one of the largest bitcoin mining companies, filed for bankruptcy in Texas. The filing notes that Core Scientific has $1-10 billion in assets, but also $1-10 billion in liabilities as well. Additionally, Core Scientific details that the largest creditor is the financial institution B. Riley, alongside 1,000 to 5,000 other creditors. Core Scientific joi...

Companies from different sub-sectors in the crypto space have collapsed this year. Right from blockchain-developing companies to crypto lenders and top exchanges, a host of prominent names couldn’t pass 2022’s slippery slope test. Now, according to reports, the Top Bitcoin mining company Core Scientific is following a downhill journey. The top US-based publicly traded company is reportedly filing for Chapter 11 bankruptcy protection in Texas. A person familiar with the company’s finances confirmed the same with the media outlet CNBC. JUST IN: #Bitcoin mining giant Core Scientific $CORZ to file for bankruptcy. — Watcher.Guru (@WatcherGuru) December 21, 2022 Core Scientific Will Continue Mining & Not Liquidate B.Riley Financial, one of the largest creditors of Core Scientific, wrote an open letter to the shareholders and lenders of the firm last week. At that time, the financial services platform noted that bankruptcy was unnecessary and put fo...