Category : CoinJournal

CoinJournal

Lido price momentum accelerates; gets extremely overbought

Lido DAO price has been in a strong bullish trend in the past few days. It has become the biggest DeFi protocol in the world. It has a total value locked of more than $6.9 billion. Lido DAO price has done well in 2023 as demand for liquid sta...

Wyre limits withdrawals to 90% of customer funds

Wyre will allow its customers to withdraw only 90% of their funds. The company said the move is to allow it to navigate the current market conditions. Wyre’s CEO has become the company’s executive chairman. Wyre sets withdrawal li...

Terra and FTX collapse showed that the crypto industry has not fully established: CoinsPaid CEO

CoinsPaid’s CEO believes that the Terra and FTX crashes showed that the crypto industry hasn’t fully established. Max Krupyshev says he believes crypto is the new internet, but the adoption rate might be slower. Transparency will be...

Charles Hoskinson’s new hospital will accept Cardano for payments: ADA soars by 15%

Cardano will be accepted at Charles Hoskinson’s new hospital. ADA is the best performer amongst the top 10 cryptocurrencies by market cap. The cryptocurrency market is off to a flying start this week. ADA outperforms the other major cry...

DefiLabs deploys cutting-edge AI ecosystem on BSC

The platform manages portfolios dynamically, models asset management strategies& DefiLabs deployed an AI-based ecosystem to increase the returns and value DefiLabs disposes of the most advanced market technology for yield farming& DefiLa...

Analyst: The future of the metaverse is in manufacturing, planning, engineering

Metaverse use cases have to be commercialized sooner With the market getting tougher, technology companies are pulling back Metaverse should be about “how to build a safer automobile and test it with less physical waste, cost, and time”&...

Decentraland’s MANA defies gravity to jump 20% but will buyers be relentless?

Decentraland’s MANA has surged by over 20% in the week Most gains came when the metaverse platform announced an open-cross competition MANA’s long-term recovery remains tied to the crypto sentiment Decentraland’s (MANA/USD)...

Buying Bitcoin now? What this could mean

Bitcoin endured a bear market for the whole of 2022 Macro-economic factors have been responsible The bearish market could continue as analysts predicts recession in 2023 There were high hopes as Bitcoin (BTC/USD) surpassed $68,000 at the tail...

Shiba Inu’s whale buying intensifies but does price action show it?

Shiba Inu is among the most purchased cryptocurrencies by Ethereum whales The price action is still bearish despite a Shibarium update SHIB could maintain the downtrend if new developments do not come up Meme cryptocurrency Shiba Inu (SHIB/US...

Polygon’s MATIC jumps 3% on Mastercard partnership. Is it now bullish?

Polygon’s MATIC rose more than 3% after its partnership with Mastercard for Web3 The network had a range of Web3 partnerships in 2022 MATIC still lacks sufficient upside and is vulnerable at $0.77 Polygon (MATIC/USD), a Layer-2 scaling...

Prosecutors ramp up pressure on SBF associate Nishad Singh

Singh was integral in the founding of FTX, faces charges Code was written to help Alameda take out unlimited line of credit & Singh and Gary Wang borrowed hundreds of millions US authorities are ramping up pressure on Sam Bankman-Fried’...

Jim Cramer explains Silvergate’s failure on Mad Money

Shares are down by more than 90% from their all-time high in November 2021& Silvergate is a “great example of everything that’s wrong with this industry” & They were working on a MMF, the most dangerous link in the crypto...

Ethereum Classic breaks above descending trendline but exercise caution

Ethereum Classic is up 18% in the week The network has witnessed an increased hash rate Ethereum Classic still faces bear pressure at $19 Ethereum Classic (ETC/USD) has been of bull interest in the last two days. Despite losing by an intraday...

BNB prediction as price maintains a recovery

Binance coin has been bearish since the FTX collapse& The cryptocurrency trades on an upside at $255& BNB faces resistance at $266, a crucial resistance level While 2022 was largely bearish for almost every cryptocurrency, Binance (...

Near Protocol adds 20% in a week. What price action says about the token

Near token has recovered by almost 20% in a week The cryptocurrency saw increased volumes at the $1.25 bottom after a disastrous 2022 NEAR face bears at the descending trendline and could correct downwards Near Protocol (NEAR/USD) ended 2022...

XRP price stalls as Ripple CEO remains “cautiously” optimistic about 2023

XRP has stalled for the last 3 weeks The price has been tied to the crypto sentiment and case with SEC Garlinghouse expects a “breakthrough” in crypto regulation in 2023 Ripple (XRP/USD) trades around $0.33, a level it started for...

Creating centralised products defeats the purpose of using blockchain, says MyEtherWallet’s CEO

MyEtherWallet’s CEO believes that blockchain technology should be used to buid decentralised products. The CEO added that MyEtherWallet remains a decentralised wallet because that is the best way to use blockchain technology. He added tha...

Crypto price predictions: Tron (TRX), Huobi Token (HT), VIDT

Cryptocurrencies remained on edge in the first week of 2023. The hawkish Fed minutes led to more concerns about the industry.& Tron, VIDT, and Huobi Token will likely dive during the weekend. Cryptocurrency prices remained on edge in the...

NFP payrolls news and its impact on Bitcoin price

Bitcoin price has been in a consolidation phase in the past few weeks. The US will publish the latest non-farm payrolls (NFP) data. Strong jobs numbers will be bearish for BTC. Bitcoin price has been in a tight range in the past few months. B...

73% less Bitcoin millionaires than a year ago, as crypto losses top $2 trillion in torrid 2022

Key Takeaways Cryptocurrency industry was valued close to $3 trillion entering 2022, now it is $800 billion& There are 73% less Bitcoin millionaires after 2022 Bitcoin has pulled back 75% from its all-time high of close to $69,000 25% of the bi...

Is Huobi safe? Why customers should be withdrawing funds

Key Takeaways Crypto exchange Huobi is reportedly laying off 20% of its workforce and has requested employees take their salaries in stablecoins Internal communication has reportedly been suspended in order to quell discontent Customers are pulling...

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