DeFI News by Thebittimes.Com

During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S. dollar. Meanwhile, several alternative cryptocurrencies saw even greater increases in value, with metaverse tokens like Decentraland’s MANA and The Sandbox’s SAND rising 92-150% against the greenback. Metaverse Crypto Assets Outshine Bitcoin and Ethereum Metaverse crypto assets have outperformed both bitcoin (BTC) and ethereum (ETH), the leading crypto asset and top smart contract token, respectively. In the past month, Decentraland’s MANA token has been the top performer, rising 150% against the U.S. dollar. Over the last two weeks, MANA climbed 7.3%, and in the past seven days, it rose 2.9%. On January 31, 2023, a single MANA was trading for $0.716 to $0.755 per unit. MANA/USD The Sandbox’s SAND metaverse token has increased 92% in the past 30 days and has risen 5% in the last two weeks. However, despite the 30-day ...

Join Our Telegram channel to stay up to date on breaking news coverage Borrow BTC to Get USDT and Stablecoin Loan on Tokex.pro Exchange Crypto Loans: Get Stablecoin in Minutes Crypto loans are amazing tools for two kinds of crypto users: first, the ones that need an amount to make profits on their trading, and second, the people who hold crypto for the long term. They’re very different profiles, so how can this loan service suit both? There are many cryptocurrencies that are worth keeping for the long term, such as bitcoin or Ethereum . Instead of holding them in your wallet and waiting, you can achieve more. Lend them to Tokex : they will give them back to you at a set point in time. In the meantime, you immediately receive stablecoins that you can use to trade or make purchases. In short, you can use them for whatever you choose. This innovative service offers a unique way for cryptocurrency enthusiasts to earn passive income from their digital assets and obtain stabl...

It is understood that BlockFi wants to get bids in quickly as possible to make the most of the current market conditions. Bankrupt crypto lender BlockFi has been granted court approval to sell off its crypto mining equipment as part of ongoing efforts to  repay its creditors. A court document filed on Jan. 30 in the United States Bankruptcy Court for the District of New Jersey stated that the approval for BlockFi to sell its assets was on the grounds that it was “fair, reasonable and appropriate under the circumstances.” The court acknowledged the sale of the assets is “designed” to maximize the recovery and “realizable value” of the company. With the court giving BlockFi the green light, more bids are now expected to roll in for the crypto lender's crypto mining assets. The document stated “all qualified bids” must be sent to the parties specified in the bidding procedures by the Feb. 20 deadline. The bids must be filed with the court by Mar. 2 and the creditor's representat...

The value of the largest smart contracts platform, Ethereum continues to gain strength against the US dollar, especially with its recent move above $1,600. Recovery is expected to continue after the Federal Open Market Committee (FOMC) meeting and decision on the interest rate hike in two days. Experts say that cryptos may generally retreat before then, thus shaking out weak hangs before carrying on with the bullish move aiming for highs above $2,000. Ethereum price had pulled back to trade at $1,594 at the time of writing with support around $1,500 expected to absorb the growing selling pressure. Ethereum Price Primed for A Massive Breakout – Here’re the Levels to Watch Investors are anxiously waiting for the Federal Reserve decision on interest rate hikes and expect the regulator to continue with its strict measures to curb economic growth. However, market watchers are eyeing a 25-basis points increase, relatively lower than the December hike of 50-basi...

The Ghanaian and Nigerian central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial exclusion challenge. Solving the Financial Exclusion Challenge The Ghanaian central bank has called on registered financial institutions and unlicensed fintech startups to apply for admission into its regulatory sandbox. In a press statement issued on Jan. 26, the bank said the process to admit the first cohort of participants will open on Feb. 13 and close on March 14. According to the Bank of Ghana (BOG), the sandbox will support innovations that include “new digital business models not currently covered explicitly or implicitly under any regulation.” The sandbox will also support innovations that attempt to solve the financial exclusion challenge as well as “new and immature digital financial service te...

RobotEra has become one of the brightest stars in the metaverse gaming space. With an impressive storyline and abundant ways to make gains, this game already has many in the market in a frenzy.  What Is RobotEra? RobotEra is a new metaverse gaming project. The platform, announced in 2022, is notable for bringing different Web3 concepts together – including non-fungible tokens (NFTs) and the metaverse. These concepts have continued to get significant traction in the past few years, and RobotEra is combining them into the ultimate gaming system.  In RobotEra, players are portrayed as robots tasked with rebuilding a devastated world. The project is based on a backstory in which alien forces attack a planet, and the resulting conflict destroys it. The game's objective is for players to participate in this world-building and development. They can select avatars, with seven different robot factions to choose from, and then buy land and other property. All p...

The lawsuit escalates a months-long dispute between the crypto miner and one of its energy suppliers in Canada. Canada-based Bitcoin (BTC) miner Hut 8 Mining Corporation has ramped up its ongoing fight with its power supplier for one of its mining sites, filing a lawsuit in a Canadian court. Hut 8 said on Jan. 26 it filed a Statement of Claim in the Superior Court of Justice of Ontario against Validus Power, an energy supplier for a Hut 8 mining facility in North Bay, Ontario. The firms have been in an ongoing dispute since early November 2022 due to what Hut 8 alleges is a failure by Validus to “meet its contractual obligations” for the power purchase agreement (PPA). In its new lawsuit, Hut 8 is seeking “monetary damages incurred as a result of the dispute” and enforcement of certain provisions as per the agreement signed by the two companies. Hut 8 and Validus started working together in late 2021 with Validus initially providing 35 megawatts (MW) of power to North Bay, but was sl...

Source: TradingView The Aptos price has jumped to $18.44 today, with the layer-one cryptocurrency rising by as much as 37% within the past 24 hours. Its current level also means that it has gained by 141% in a week and by 400% in the last 30 days, as Aptos looks set to become the biggest layer-one network in the cryptocurrency ecosystem after Ethereum and BNB Chain. Indeed, with Aptos exceeding Solana in terms of its fully diluted valuation, some observers have been declaring that the newer project has already begun "flipping" its older rival. However, with little underlying Aptos besides venture capital and a Facebook-related pedigree, it still has a long way to go before the utility it offers rivals those of bigger, more established chains. Aptos Price Prediction as APT Pumps Up 37% in 24 Hours – Is Aptos the New Solana? Based on its chart and indicators, APT is definitely enjoying a big breakout right now. Its 30-day moving average (red) has shot well a...

Q4 2022 saw investment capital inflows of $2.3 billion, continuing the trend since April sparked by the collapse of Terra and subsequent fallout. Cointelegraph Research has analyzed all the deals and trends from Venture Capital in the Blockchain industry during the fourth quarter of 2022. The second half of 2022 saw a dramatic decline in capital inflows across all five major sectors of the Blockchain industry: decentralized finance (DeFi), centralized finance (CeFi), nonfungible tokens (NFTs), infrastructure and Web3. The first half of 2022 brought in just under $30 billion of investment , while the second half only saw $7.3 billion — a dramatic plunge. As the crypto industry moves into 2023, Cointelegraph Research has looked at the data from its Venture Capital Database, which contains comprehensive details on deals, mergers and acquisition activity, investors, crypto companies, funds and more. Using this database, Cointelegraph Research crunches the numbers to find the most import...

Bitcoin Continues Its Horizontal Trend as It Revisits $23K – January 23, 2023 The largest cryptocurrency is still trading in the bullish trend zone as it revisits $23K. Buyers have attempted to break through the $23,000 obstacle twice without success. BTC/USD was twice rejected, forcing the cryptocurrency to drift sideways below the resistance level. The high of $25,212 is Bitcoin’s next stop on the climb. Bitcoin Price Statistics Data: •Bitcoin price now – $22,679.43 •Bitcoin market cap – $437,325,437,116 •Bitcoin circulating supply – 19,271,812 BTC •Bitcoin total supply – $476,441,890,599 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels: $50,000, $55, 000, $60,000 Support Levels : $25,000, $20,000, $15,000 Bitcoin (BTC) has returned to a horizontal trend as buyers were unable to keep the momentum above the $23,000 level. The resistance level was broken on January 21 but Bitcoin experienced selling pressure a...

The United Arab Emirates (UAE) minister of state for foreign trade says that cryptocurrency “will play a major role for UAE trade going forward.” He stressed: “The most important thing is that we ensure global governance when it comes to cryptocurrencies and crypto companies.” Crypto to Play a Major Role in the UAE United Arab Emirates Minister of State for Foreign Trade Thani Al Zeyoudi talked about cryptocurrency Friday during an interview with Bloomberg in Davos, Switzerland. He shared that one area the UAE is looking to expand is cryptocurrencies, adding: Crypto will play a major role for UAE trade going forward. “The most important thing is that we ensure global governance when it comes to cryptocurrencies and crypto companies,” Al Zeyoudi described. “We started attracting some of the companies to the country with the aim that we’ll build together the right governance and legal system, which are needed,” the official noted. Oma...

Paul Veradittakit of Pantera Capital believes now could be a good time for new entrepreneurs to enter the crypto space. Despite depressed crypto prices and recent company collapses, one of the key investors behind crypto hedge fund Pantera Capital believes there’s never been a better time to start a blockchain company.  As part of a Jan. 23 post about the year ahead from a number of executives at Pantera Capital, Paul Veradittakit, General Partner at Pantera Capital explained that "On average," people working in the crypto space are more educated and passionate about crypto than in previous cycles. Strong start to the year! https://t.co/gFe5fUM0gT — paul.nft (@veradittakit) January 23, 2023 Overall, he said, "we are seeing a higher percentage of start ups coming to market with strong teams — entrepreneurs coming out of established crypto start ups like Coinbase, larger tech companies like Facebook, Uber, and Square, and legacy financial institutions like J.P. Morgan...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. NFT Signals , the NFT trading signals service that has delivered more than $1 billion in total group profits to its members, has rebranded its website. In the space of five months, NFT Signals has come from nowhere to become the premier one-stop-shop for trading signals on flipping NFTs for a profit. And having amassed profit totalling $1,007,231,707, its new tagline – ‘The Ultimate NFT Alpha Group’ – is aptly named. Although the trading volume for NFTs has declined significantly from its heights, that hasn’t stopped NFT Signals’ band of pro traders from making money for its free-tier and VIP members. To date, NFT Signals has delivered a 42% return on investment for the group, with a high success rate of 93%. Partnerships with leading industry sites such as Premint.xyz , which allows bran...

On January 22, the second leading cryptocurrency, Ethereum, opened the day at $1,626.68. It has reached the maximum value of $1,635.64 and the lowest value of $1,609.35. ETH/USD is trading at $1,625.85, down by 0.84% in 24 hours. Moreover, the price has increased by almost 5% in a week. Raised Active Ethereum Addresses The number of Ethereum addresses with a balance greater than zero is steadily increasing. According to Glassnode data, Ethereum reached a new all-time high of 92.5 million addresses this week.  The number of unique addresses transferred as a recipient or sender is represented by active addresses. It only includes those who completed a transaction successfully.  Recently, there has been a significant increase in the number of active addresses on Ethereum. It indicates that Ethereum users are running programs on the network rather than simply holding them in their wallets.  As Ethereum network activity and usage reach new all-time highs, E...

Cumberland – an institutionally focused crypto asset trading company – claims Genesis published misleading information about its unsecured claims against the lending giant in its bankruptcy filing on Thursday.  Clearing the Air on Creditor’s Claims “Genesis’ bankruptcy filing today reflects misleading and incorrect information, and as part of our commitment to transparency, we are providing more details,” said Cumberland over Twitter on Friday.  The filing , which provided a list of 50 creditors with the largest unsecured claims, listed Cumberland as number 37, citing an “unliquidated” claim of 18,720,061. Cumberland, however, said it notified Genesis that it would liquidate its $18 million loan on November 16, surrendering its cash collateral and closing out the loan. The loan was fully collateralized.  KYC & Audit Solutions! SolidProof “This left an outstanding balance due to us of approximately $46,064.34 consistent with our November tweet,” the compan...

Join Our Telegram channel to stay up to date on breaking news coverage The next generation Web3 gaming guild Meta Masters Guild has raised $700,000. Stage one of its presale has sold out in less than a week. The fastest growing play-to-earn Meta Masters Guild has raised over half a million dollars (now closer to $750,000 at the time of writing) in the second phase of its presale. The full Meta Masters Guild presale review in the video above. Follow the YouTube channel for more crypto presales updates. What is Meta Masters Guild The Meta Masters Guild is a blockchain gaming mobile platform, and at the moment they are working with their partner Gamearound to produce a number of free games that can be played on the platform. Users of the platform will soon be able to receive rewards in exchange for simply having fun and taking part in gaming activities. 🚀 Are you new to Meta Master Guild? 🤔 Want to learn more about how you can join the #MEMAGFAM? ...

The majority of Shiba Inu holders don’t see the token as just another cryptocurrency that’s going up and down in the indices. They see it as a vehicle of investment that could steer the wheels toward financial freedom when it reaches $0.01. When will it reach that price? They don’t know! How will it reach the price? They don’t know either. However, they have a strong sense of belief that Shiba Inu will eventually reach 1 cent sometime in the future. That belief is what makes SHIB stand on a strong foundation of support amidst the sea of investors. Surprisingly, almost every SHIB investor thinks alike and shares similar interests in a better future. Also Read Shiba Inu: AI Predicts SHIB Price For January 31, 2023 Shiba Inu: Investor Reveals What He’ll Do When SHIB Reaches $0.01 Source: Unsplash Watcher Guru got in touch exclusively with a Shiba Inu investor based in Topeka, Kansas, who works at a popular burger joint for $15 an hour. The i...