Altcoin News by Thebittimes.Com

The Dogecoin Foundation officially announced the establishment of a new community development fund to cater to all expenditures and developments pertaining to the network. The foundation has moved millions of DOGE to a segregated multi-signature wallet designed to transparently manage the funds. The DOGE held in this wallet will pay out rewards to developers of Dogecoin Core for their contributions, no matter how big or small. The new multi-signature wallet will explicitly be operated by Dogecoin Core developers and members of the Foundation. Furthermore, with respect to the exact amount dedicated, the announcement revealed, “The Dogecoin Foundation has taken the step of moving 5,000,000 Dogecoin to the development fund, with the intent that this will be allocated to Dogecoin Core, the development of which is critical and to the benefit of the Dogecoin ecosystem.” Markedly, the price of the asset reacted to the latest announcement. At press time, Dogecoin was trading at $0.

Binance Coin price downtrend has cooled off this week, aided by a robust buyer congestion zone at $244. The native exchange token has, since December 17, recouped 11% of the losses suffered this month to trade at $244 at the time of writing, not to mention the retracement from highs around $254. A bullish green candle forming on the four-hour chart could pave the way to a 7.35% triangle breakout, but first, Binance Coin price must flip above the 50-day Exponential Moving Average (EMA) (in red at $245.8). Binance Coin Price Prepares for Breakout after BNB Chain Partners with BMW BMW, one of the leading German car manufacturers, has partnered with BNB Chain and Coinweb to add blockchain into its daily operations. According to a news article by Cointelegraph, this collaboration will help BMW create a blockchain loyalty program. The partnership has been split into two phases, with BMW committing to integrating decentralized tech into the company’s daily operations to el

Bitcoin is fooling no one with its current behavior, with bearish takes everywhere and the yearly close just two days away. Bitcoin (BTC) staged a modest recovery on Dec. 29 as United States stock Markets rebounded in step. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $10,000 BTC price targets stick Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering above $16,600 at the Wall Street open after wicking below the $16,500 for a second day. The pair remained unappealing to traders, many of whom feared a deeper retracement may still occur around the new year. In a list of potential “capitulation targets,” Crypto Tony doubled down on $10,000 and lower for Bitcoin, while also revealing expectations for Ether (ETH) to dip as low as $300. “Things change quick, but if we hit these areas I begin to ladder,” part of accompanying commentary read. Daan Crypto Trades meanwhile put the current spot price at the bottom of an area which “must hold” for BTC bulls

Bitcoin price prediction continues to remain bearish, however, the double bottom support level may halt the downtrend near $16,570. On December 28, the BTC/USD began trading at $16,719, reaching the highest and lowest values are $16,586.00 and $16,759.00, respectively. The BTC/USD pair is now trading at $16,673, down 0.92% in 24 hours.  In addition, its value has dropped by more than 1.5% in the last week. Kraken Leaves Japan for the Second Time The US-based cryptocurrency exchange Kraken announced on December 28 that it will cease operations in Japan the following month due to the country's current market conditions and the global crypto market's poor performance. According to Kraken, as of January 31, the financial services agency (JFSA) will no longer recognize Kraken as a financial services provider. Customers must therefore withdraw their fiat and cryptocurrency holdings before that date. The exchange is "fully funded to ensure that all affected cl

As seen throughout the year, bankrupt cies have been increasingly common in the crypto industry. The Bitcoin [BTC] mining ecosystem in particular lost quite a bit. Prominent miner Core Scientific recently filed for bankrupt cy. While Argo Blockchain hinted at the possibility of going bankrupt , Mike Novogratz’s Galaxy Digital came as its saving grace. According to recent reports, Argo Blockchain will not be filing for bankruptcy protection. This news comes after the firm put its Helios mining facility in Dickens Country, Texas on sale. Novogratz’s crypto firm will be buying this mining facility for $65 million. In addition to this, Argo will also receive a loan of $35 million. Furthermore, Argo will sign a two-year hosting deal with Galaxy, guaranteeing a location for Argo’s computers to continue mining at the Helios facility. It should be noted that Helios is Argo’s biggest mining facility. It entails a whopping 180 megawatts [MW] worth of power capacity. Through this, B

After falling to sub-$20k levels, Bitcoin (BTC) has failed to climb back up. Even after a subdued CPI (Consumer Price Index) record for the previous month, and less aggressive PCE data, BTC has not undergone price recovery. According to analytics firm Glassnode, the number of short and long-term Bitcoin (BTC) investors sitting on losses are at an all-time high. The original cryptocurrency has failed to recover from the bloodbath stemming from the FTX collapse. However, there are signs that the current bear market might be nearing its end. Signs that the Bitcoin bear market is ending? Bitcoin leaving centralized exchanges : According to Glassnode, the prominent crypto analytics firm, Bitcoin’s exchange withdrawals reached a 1-month low of 2,191.583. Now BTC moving off exchanges is a sign that investors are not interested in selling. However, this could also be a reaction to the collapse of FTX, one of the largest exchanges in the world. Nonetheless, coins moving off exchange

BTC trades with a neutral bias on December 26, keeping Bitcoin price prediction stable. Most financial markets are closed in observance of Christmas Day, but it's worth keeping an eye on the market for any unexpected price movement. BTC.com Reports Bitcoin Mining $3M Hack The seventh largest Bitcoin mining pool, BTC.com, has stated that the recent $3 million hack will not affect the services it provides to its customers about their funds. Given the cyberattack, BTC.com, a major cryptocurrency mining pool, and its users lost a lot of money.  The parent company of the mining pool, BIT Mining Limited, confirmed on December 26 that a cyberattack occurred on December 3 and that the perpetrators stole about $700,000 in customer assets and $2.3 million in company assets.  Law police in Shenzhen, China were notified of the cyberattack by BIT Mining and BTC.com. In the wake of the tragedy, local officials began gathering evidence and reaching out to the appropriate Chine

Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas curtailed their hash power during a massive winter freeze. Statistics show that close to 100 exahash dropped off the network but rebounded from the 170 EH/s low to 240 EH/s by 12:00 p.m. (ET). Texas Bitcoin Miners Curtail Computational Power After reaching 272 exahash per second (EH/s) on Dec. 24, 2022, the network’s hashrate plunged during the early hours the very next day as it dropped to 170 EH/s. A myriad of reports detail that because of the cold weather in Texas, bitcoin miners located in the area have voluntarily shut down operations. Bitcoin supporter Dennis Porter shared a screenshot of a message from the bitcoin mining operation Lancium as the business shut down its Ft. Stockton facility to give more power to the grid. “Bitcoin miners have once again voluntarily shut off power during an extreme weather event in Texas,” Porter tweeted. “Bitcoi

Christmas dinner could get awkward for crypto advocates who were adamant about their families investing last year — Cointelegraph compiled a small recap of what happened in crypto this year. After a lackluster rise of crypto in 2021, which saw many new crypto millionaires and several crypto startups attain unicorn status, came the dramatic fall in 2022. The industry was plagued by macroeconomic pressures, scandals and meltdowns that wiped out fortunes virtually overnight.  As 2022 comes to a close, many crypto proponents are perplexed about the state of the industry, especially in light of the recent FTX collapse and the contagion it has caused, taking down several firms associated with it. Many who couldn’t stop talking about crypto and recommending their family to invest in it last year at Christmas dinner could see the tables turn this year, with them having a lot of explaining to do about the state of crypto today. While as awkward as that conversation is going to be, Cointel

Join Our Telegram channel to stay up to date on breaking news coverage Razz Tafari reviewed Calvaria for his YouTube followers. Calvaria is a new P2E ecosystem that aims to increase crypto adoption among mobile gamers and users. One of the most well-liked strategies for investors to benefit from blockchain rewards is to engage the newest play-to-earn games, in this article we will find out why the Calvaria presale is attracting much attention. Razz Tafari Calvaria Overview It is essential that expenses for new crypto tokens be clearly stated in the whitepaper. This simplifies the process by which investors evaluate a project’s profitability or economic viability. Calvaria’s overall information from the website and whitepaper demonstrates their transparency, which is a clear vision. What is Calvaria Calvaria: Duel of Eternity is a card game in which players compete in tournaments while deploying cards that represent several characters, each of which has a different set of sk

Join Our Telegram channel to stay up to date on breaking news coverage Many cryptocurrencies saw mixed trading on December 22 as the market capitalization of the major cryptocurrencies fluctuated today after falling slightly the previous day by about 0.20% to the $810 billion range. Nonetheless, some crypto assets have shown an increase in prices; for instance, Bitcoin displayed a slight increase and stayed around $16,800. Given below, we have done an Analysis of the biggest crypto gainers in the market today, which would help in selecting the right cryptocurrencies for making your investment. Best Cryptos to Buy Today – A List of 5 Top Cryptos 1. Helium (HNT) Helium (HNT) is a blockchain-based platform that supports the Internet of Things (IoT) products. Going by its whitepaper, the goal of this network is to accelerate the growth of physical and decentralized wireless networks. Helium has been on a growing trend for the past seven days, where it has shown an increase of 1