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Join Our Telegram channel to stay up to date on breaking news coverage As the coin grows to the upside, the dYdX price prediction is likely to move consistently within the channel as the coin heads to the upside. dYdX Prediction Statistics Data: DYDX price now – $3.0 DYDX market cap – $469.4 million DYDX circulating supply – 156.2 million DYDX total supply – 1 billion DYDX Coinmarketcap ranking – #80 DYDX/USD Market Key Levels: Resistance levels: $4.0, $4.4, $4.6 Support levels: $1.5, $1.3, $1.1 DYDXUSD – Daily Chart According to the daily chart, DYDX/USD could stay above the 9-day and 21-day moving averages if the bulls increase the buying pressure. In the last few days, the dYdX price has been moving positively. On that note, the technical indicator Relative Strength Index (14) is moving within the overbought region, confirming the bullish movement for the coin. dYdX Price Prediction: DYDX Price Could Rally Further to $3.5 As the daily chart reveals, the dYdX p

After Monday’s more than 3.0% dip, the second largest so far this month, Binance Coin (BNB) is back on the front foot. BNB/USD was last changing hands about 1.5% higher on the day on Tuesday, having recovered back to the north of the $310 level after finding support at its 21-Day Simple Moving Average (SMA) just above the $300 level. BNB continues to trade just over 3.0% below earlier weekly monthly in the $320s, with traders reluctant to continue bidding the price higher ahead of a barrage of key upcoming macro risk events. These include Wednesday’s Fed policy announcement, Thursday’s ECB and BoE policy meetings and Friday’s US jobs report, as well as a smattering of other tier-one US data releases like the ISM PMI surveys and JOLTs job openings. The Fed is expected to hike rate by another 25 bps to 4.50-4.75%. Fed Chairman Jerome Powell’s tone on the outlook for further rate hikes (markets are pricing just one more hike in March) will be the key thing for markets

The Ethereum [ETH] network is still trying to steer away from accusations about the network becoming centralized following its shift to proof-of-stake. Amidst this, new data shows that 55% of Ethereum exchange holdings were on two prominent crypto currency exchanges. Nansen statistics show that 8.72 million, or 35%, of the total amount of ETH stored on exchanges, are kept on Coinbase. Binance followed suit by 20%, and the two of them account for 55% of the market. Kraken has a meager 7.89%. Source Even though Binance is the largest crypto currency exchange in the world, it only has 4.94 million users. The aforementioned exchanges now have a combined total of 24.9 million ETH. Meanwhile, the total number of ETH staked went on to hit an all-time high of 15.9 million over the weekend. At press time, the total amount staked is over $25.18 billion, which is also 13% of the asset’s supply. Here’s how Ethereum [ETH] has been faring Earlier today, ETH was trading at a high of $1,6

1inch $10M Delegation Incentive Program aims to incentivize the delegation of 1INCH stakers’ Unicorn Power to resolvers. Last December, in a breakthrough move set to take users’ DeFi experience to a new level, the 1inch Network launched Fusion mode. It enables users to make swaps without paying network fees. Swap orders are filled by resolvers — professional market makers who pay applicable gas fees while profiting from arbitrage trading. To help facilitate the new system, the 1inch Resolver Incentive Program was launched in December 2022, aimed to compensate resolvers’ gas costs. Meanwhile, users who stake their 1INCH tokens, now receive Unicorn Power, which could be used in votes for major network decisions or delegated to one of the resolvers — in exchange for delegation rewards. In addition, Fusion mode offers users a totally new approach to DeFi transactions, and, to incentivize the process of Unicorn Power delegation to resolvers. There are 250,000 1INCH tokens will be distribut

The U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices. Bitcoin (BTC) bulls do not need to wait long for the United States to start printing money again, commentators believe. The latest analysis of U.S. macroeconomic data has led one market strategist to predict quantitative tightening (QT) ending to avoid a “catastrophic debt crisis.” Analyst: Fed will have "no choice" with rate cuts The Federal Reserve continues to remove liquidity from the financial system to fight inflation, reversing years of COVID era money printing. While interest rate hikes look set to continue declining in scope, some now believe that the Fed will soon have only one option — to halt the process altogether. “Why the Fed will have no choice but to cut or risk a catastrophic debt crisis,” Sven Henrich, founder of NorthmanTrader, summarized on Jan. 27. “Higher for longer is a fantasy not rooted in math reality.” Henrich uplo

Join Our Telegram channel to stay up to date on breaking news coverage US Bitcoin Corp has been ordered to halt its crypto mining operations or pay a fine of $10,000 daily. If the miner continues operations after January 31, the penalty will increase to $25,000 daily. US mining firm ordered to pay a $10,000 daily penalty US Bitcoin Corp has been ordered to halt operations by a State Supreme Court Justice or pay heavy penalties. According to Justice Edward Pace, the penalties would follow a temporary restraining order (TRO) imposed against the mining company by Supreme Court Justice Frank Sedita III. The restraining order against US Bitcoin Corp was issued after the Falls filed for a preliminary injunction requiring the miner to comply with new zoning laws targeting industries that use high energy. According to Justice Pace, if the mining company has not halted its mining operations by January 31, it should pay $540,000 to Niagara Falls on February 1, dating back from Decembe

Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization. Stablecoins in the cryptocurrency market help provide USD pegged tokens within the volatile industry. In bull markets, the market capitalization of stablecoins tends to decrease as investors flock to more volatile assets and in bear markets, investors seek shelter in low volatility stablecoins thus increasing their market caps. On Jan. 26, the total market capitalization for stablecoins like Tether (USDT), USD Coin (USDC), Binance USD (BUSD) and Dai (DAI) is over $131 billion. Stablecoin supply dominance. Source: Glassnode Stablecoins are so crucial to the future of crypto, that Moody’s, a well-respected analytics agency, is planning to develop a scoring system. The scoring system may help reduce the speculation and fear that some investors have with stablecoins. Such fear amid a lack of stablecoin transparency has led o

Bitcoin miners' BTC reserves are at their lowest since December 2021, data shows, despite a dramatic hash rate renaissance. Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs. Data from resources including MiningPoolStats confirms that Bitcoin’s Hash Rate hit new all-time highs on Jan. 26. Hash rate passes 300 EH/s threshold In another example of Bitcoin’s blitz recovery from the pits of post-FTX woes, network hashing power is now bigger than ever. Hash rate, which is an expression of the processing power dedicated to the network by miners, is currently at 321 exahashes per second (EH/s), according to MiningPoolStats raw data. Bitcoin hash rate raw data chart (screenshot). Source: MiningPoolStats Despite being only an estimate and not possible to measure entirely accurately, the latest readings are quite the feat, having never crossed the 300 EH/s level before. Mining firm Braiins likewise confirmed the numbers in

Digital workshop at Porsche. Source: Porsche Despite its ambitious plans to venture into the non-fungible token (NFT) market, German luxury car brand Porsche has managed to sell only about 25% of its first collection of 7,500 tokens. In just over 24 hours, some 1,909 of the NFTs had sold for ETH 0.911 per unit, or about $1,414 as of 2 p.m. UTC today.  “Our holders have spoken,” the brand’s dedicated Web3-focused account said on Twitter. “We’re going to cut our supply and stop the mint to move forward with creating the best experience for an exclusive community. More info in the next hours.” Porsche’s NFT mint closed on Jan. 25, 6 a.m. UTC-5, according to the company.  The German auto maker first presented its NFT collection, which Features images of its iconic Porsche 911 Carrera sports car, at the Art Basel show last November, U.S. magazine Fortune reported. The brand promoted it as “rare, iconic and timeless like its sports cars.” The company’s failure to attract

The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen said on Monday that it was very important that Zambia restructure its debt, but Zambia sees it differently. The embassy castigated Yellen’s comments in response, stressing that the U.S. has a “catastrophic debt problem.” Chinese Embassy in Zambia Denounces U.S. Debt Limit and Yellen’s Recent Comments Last week, U.S. Treasury Secretary Janet Yellen urged Congress to increase the government’s spending limit or the country could face default on its debts. She also noted that the Treasury would have to leverage “extraordinary measures” to keep the debt at bay until early June 2023. Federal financial data indicates that the country’s debt surpassed $31.4 trillion earlier this week. Yellen also made comments about Zambia on Monday, after meeting with Chinese officials in Zurich the week prior.

Join Our Telegram channel to stay up to date on breaking news coverage STEPN, the first NFT initiative based on the move-to-earn concept, has seen a 107% increase in price in the past month. The healthy lifestyle app, which combines social finance and play-to-earn games, has been gaining popularity. What is driving this token’s price up?  And where should you expect the price to go. Let’s explore all this in todays GMT price prediction.  GMT Crypto Token Rallies Since the start of the year, the broad rally in cryptocurrencies has caused unpredictable upside bursts in altcoins, such as GMT, to become more commonplace, indicating that risk appetite is returning to the market. GMT, the crypto token that powers STEPN’s web3 fitness ecosystem and application, from trading close to 26% higher at the beginning of the week.  GMT continues on the Rise! Pleased with the decision to purchase 200pairs of @stepncom on nee year. 24days ago and ⬆️⬆️⬆️ times the GMT token price 📈#web3 #cry

The crypto detectives traced funds stolen by North Korean Lazarus Group through two mixers and various networks to identify 350 addresses where the funds remain today. Crypto tracking platform MistTrack has followed funds taken in the Harmony bridge hack and made 350 addresses associated with the attack public. North Korea’s state-sponsored Lazarus Group is thought to be behind the hack. According to a Twitter thread posted on Jan. 23, the funds were transferred through various exchanges in an effort to elude trackers.  Funds in a number of tokens worth about $100 million were stolen from the Harmony bridge on June 23, 2022, then quickly swapped for Bitcoin (BTC), according to MistTrack, and returned to the wallet they had originally been transferred to. The bridge facilitates transfer between Harmony and the Ethereum network, Binance Chain and Bitcoin. Harmony offered $1 million for the return of the funds , but the offer was not accepted. Rather, the hackers, who were later identi

Satya Nadella, CEO of Microsoft, has given his opinion about the metaverse and the impact that the tech might have in the future. In a conversation with Klaus Schwab, chairman of the World Economic Forum (WEF), Nadella stated that the sense of presence achieved while interacting using metaverse tech is “game-changing.” Microsoft’s Satya Nadella Talks Metaverse Benefits Satya Nadella, CEO of tech giant Microsoft, has declared his support for the metaverse, citing its potential to bring people together compared to other less interactive technologies. In a conversation with Klaus Shwab, chairman of the World Economic Forum (WEF), held as part of the Davos 2023 meetings, Nadella praised the benefits that using this tech brings. Nadella stated: For me, the thing that is most game-changing for this particular technology is the sense of presence one has, which is when you are even virtually interacting. Nadella believes that, while Covid-19 changed the environment when it comes to meet

The API3 price prediction shows that API3 is attempting to cross above the upper boundary of the channel to increase the bullish movement. API3 Prediction Statistics Data: API3 price now – $1.64 API3 market cap – $116.4 million API3 circulating supply – 71.7 million API3 total supply – 119 million API3 Coinmarketcap ranking – #183 API3/USD Market Key Levels: Resistance levels: $2.20, $2.40, $2.60 Support levels: $1.00, $0.80, $0.60 API3USD – Daily Chart API3/USD peaks at $1.99 today, after which the coin begins to retreat within the channel. Meanwhile, the price not touching the resistance level of $2.0 may ruin the long-term technical picture of the coin. However, the API3 will have to stay above the 9-day and 21-day moving averages in other to guide against the downward pressure while the closest support expects the coin at $1.40, which could be a daily low. API3 Price Prediction: API3 Likely to Hit $2.5 High At the time of writing, the API3 price is likely to trend t

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Metaverses are defined as an interconnected landscape of digital worlds that typically leverage the latest blockchain technologies to deliver a new medium for interacting with people and content. They vary considerably in their scope and function, but most have a digital token associated with them that powers their internal economy and Features . The best metaverse crypto coins have historically produced impressive returns for investors, and the next generation of metaverses are currently being built. With that in mind, we take a look at some of the most promising in 2022 and beyond. Best Metaverse Crypto Coins to Buy in 2023 A quick overview of our picks for the 16 best metaverse crypto coins of 2023.  Meta Masters Guild - Overall Best New Cryptocurrency to Buy on Presale FightOut - M2E Token Rewarding Active Lifestyle