Altcoin News by Thebittimes.Com

The lead developer of ShibaSwap, Shytoshi Kusama recently held a Q&A session on Discord regarding the Shibarium network. The developer confirmed that a few projects are already onboard to utilize and develop on the Shibarium layer-2 solution. Shibarium will allow users to build and run custom projects on top of its network and it would be powered by the Shiba Inu ecosystem. The ecosystem would classify different use cases for each of its native tokens, SHIB, BONE, and LEASH. Also Read: Exclusive: ‘Here’s What I’ll Do When Shiba Inu Reaches $0.01′ Shiba Inu: List of Projects That Could Run on Shibarium Shytoshi confirmed that four different projects might launch on the Shibarium network when the L2 solution is established. The cryptocurrency projects that could run on Shiba Inu’s Shibarium network are: Falcon 9 (F9) UFO Gaming (UFO) MoonBet (MBET) Voxel X (VXL) “I’m so excited to see projects like F9, Ufo, Mbet, VXL, and other tokens utilize Shibarium and our other

2022 was the year of several catastrophes for the crypto-verse. Stablecoins were heavily impacted and the trust around them slowly fell. Once again, a prominent stablecoin’s peg was in danger. Winklevoss twins-led crypto currency exchange Gemini rolled out the Gemini Dollar [ GUSD ] back in 2018. While Stablecoins are expected to stay pegged to $1, GUSD is beginning to lose its peg. Earlier today, the asset dipped down to $0.988. #PeckShieldAlert $GUSD at 0.988 pic.twitter.com/KNMAwvviPZ — PeckShieldAlert (@PeckShieldAlert) January 31, 2023 Earlier this month, GUSD descended lower to $0.9555. However, at press time, the stablecoin was trading for $1.01 with increased volatility. Nevertheless, the asset has been quite unstable throughout the month. This further encouraged crypto exchange OKX to move ahead and delist GUSD . According to the firm GUSD will not be available on the OKX starting from Feb.1. Further elaborating on the reason behind this, the exchange wrote,

MINA crypto has displayed extremely bullish momentum over the last 7 days boasting a pump beyond 30%.  With the bulls in full control traders anticipate positive price continuation to the upside.  Whilst it seems $0.94 was a major resistance earlier today, speculators are still targeting a $1 price level.  Will MINA continue to pump and which alternative altcoins offer more potential? MINA Protocol Price Prediction January 2023 Over the last four weeks Bitcoin has embraced great volatility yet has delivered a strong recovery for the bulls for the first month of 2023.  As the Bitcoin price continues to pump beyond $22,500 altcoins are also being dragged up along with its positive price correlation. MINA Protocol currently trades at $0.821 and soared to a huge high earlier today of roughly $0.94.  In the last five trading weeks MINA has surged in price over 110% with 5 green consecutive weekly candles. MINA/USD - TradingView Weekly Time Frame. From a technical Analysi

Join Our Telegram channel to stay up to date on breaking news coverage OKB price was trading with a bullish bias on Sunday after the bulls took over control of the token over the weekend. The price has recorded several uptrends, each interrupted by consolidation as bears tried to regain control. Nevertheless, with that trajectory, OKB price has recorded new periodical all-time highs (ATH) since November 23. At the time of writing, the native token of the OKX exchange , OKB, was trading at $39.6 after gaining 3% in the past 24 hours. The token had a 24-hour trading volume of $28.9 million and a live market cap of $2.37 billion, placing the asset at #29 on CoinMarketCap. OKB Rallies On OKX Exchange’s Monthly Proof Of Reserves Audit Following the collapse of crypto exchange FTX, the crypto community has been pressing for individual exchanges to provide proof of their holdings. The OKX crypto trading platform prides itself in being a trusted, secure, and robust web3 apps networ

Join Our Telegram channel to stay up to date on breaking news coverage Over the past 24 hours, Theta price prediction shows that THETA gains 6.62%, and the next resistance level could be at $1.20. Theta Prediction Statistics Data: Theta price now is $1.12 Theta market cap – $1.1 billion Theta circulating supply – 1 billion Theta total supply – 1 billion Theta Coinmarketcap ranking – #47 THETA/USD Market Key Levels: Resistance levels: $1.40, $1.50, $1.60 Support levels: $0.90, $0.80, $0.70 THETAUSD – Daily Chart THETA/USD is seen moving from $1.05 to the cross above the resistance level of $1.17 in a matter of hours and touched an intraday high at $1.18. While the coin is seen slightly retreating below this level, the pair retains bearish momentum. Moreover, the Theta price is currently trading at $1.12 in a daily uptrend which could form a bear flag in the long term. In the short term, THETA/USD has gained more than 6.62% in the last 24 hours. Theta Price Predicti

Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. According to reports from Braiins Mining business developer Nano Grijalba, after the veto of the crypto law, the change in power fees makes mining hosting an unprofitable business in Paraguay. Bitcoin Mining Power Fee Hike Hurts Paraguayan Companies Once seen as a haven for bitcoin and crypto miners, Paraguay has changed. Paraguayan miners now complain due to the price hikes the government has applied specifically for the industry of cryptocurrency mining. According to reports from Nano Grijalba, business developer of Braiins Mining, this price hike of over 50% is discriminating against bitcoin miners directly using the excuse of the low number of jobs the industry creates. Grijalba criticized the environmental logic of these measures. On this issue, he stated: Paraguay’s decision to increase fees for bitcoin mini

Source: Photocreo Bednarek/Adobe The Russian finance ministry has launched a fresh attempt to tax crypto miners – in a bid to surmount obstacles thrown up by the nation’s Central Bank and law enforcement agencies. It has been almost a year since the ministry first attempted to regulate the crypto mining sector – with industrial players urging Moscow to “legalize” their operations. Energy players also want the official green light on projects that could see them mine tokens using surplus energy and associated gas. But the ministry has been thwarted by the Central Bank and law enforcers. The former wants miners to sell their coins on overseas exchanges to prevent them from “entering” the Russian economy. Law enforcement officials are concerned that this could lead to money laundering. However, the ministry is now determined not to let the stalemate drag on. It hopes to evade the impasse by using the nation’s tax code regulations, Izvestia reported. The ministry explai

One of the country’s largest crypto exchanges has fallen under investigators’ scrutiny over allegations of embezzlement by company executives. According to local news outlet infomax.co.kr, South Korean prosecutors have requested an arrest warrant on Jan.25 for Kang Jong-Hyun, chairman and actual owner of cryptocurrency exchange Bithumb. Jong-Hyun is wanted on allegations of embezzlement related to his activities at the exchange. The same day, the Seoul Southern District Prosecutor's Office Financial Investigation 2nd Division sentenced Kang and two Bithumb executives on charges of embezzlement and breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes. The executives were also charged with conducting fraudulent illegal transactions under the Capital Markets Act.  One of the few public photos of Bithumb Chairman Kang Jong-Hyun | Source: Korea Post English Cointelegraph previously reported on Jan. 10 that Bithumb was placed under a "special

Doge’s performance in 2023 is negligible compared to its stellar run during the first half of 2021. The meme-coin remained on the back foot throughout 2022 but is slowly inching upward since the start of January. If the cryptocurrency markets maintain the ongoing positive price momentum, investors could reap decent returns this year. A handful of investors have taken an entry position in Dogecoin hoping it would replicate its previous rally. Nonetheless, DOGE went on the back foot since May 2021 and is yet to reclaim its previous glory in the indices. Also Read: Dogecoin: Would You Be a Millionaire if You Invested $1,000 at Its Low? Source: CoinGecko.com Dogecoin: How High Can it Go in 2023? Source: TechStory.com Changelly forecasted that Dogecoin could move upward at a snail’s pace in 2023. According to the technical analysis of Changelly, Doge could reach a maximum high of $0.14 this year with a moving average price of $0.12. The forecast estimates that Doge could briefl

Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while the Lightning Network holds 5,248 bitcoins. Number of Bitcoin Bridged to Avalanche Climbs Past Lightning Network Capacity This past week digital currency advocates have been discussing the rising number of bitcoin (BTC) bridged over to the Avalanche (AVAX) network. Seven days ago, the crypto asset known as BTCb saw its supply surpass the number of bitcoins locked on the Lightning Network (LN). The reason for the celebration is that it took much less time to beat the LN’s total value locked (TVL) or capacity. At the time of writing, the LN has around 5,248 bitcoin TVL, which is worth around $120 million using today’s BTC prices. A week ago on Jan. 16, an Avalanche (AVAX) supporter known a

Join Our Telegram channel to stay up to date on breaking news coverage AGIX price has been performing well in recent weeks bolstered by exploding attention surrounding AI tools like ChatGPT. Investors have been particularly glued to AI-related crypto projects such as SingularityNET (AGIX). This token has seen its value surge substantially by 300% to trade at $0.1895 at the time of writing. Its trading volume remains relatively high with $78 million coming in over the last 74 hours. AGIX Price Explodes Leading Rally In AI-related Tokens Blockchain projects developing artificial intelligence solutions have been at the focal point of investor interest lately, especially with Microsoft announcing its intent to invest huge sums of money in OpenAI. Attention started shifting to AI-related crypto projects as the world marveled about the ‘do it all’ ChatGPT. While AGIX stood out among blockchain AI projects, tokens like Fetch.ia, VeChain, DeepBrain Chain, and Ocean Protocol among oth

The Bitcoin price prediction shows that BTC is trading around the resistance level of $22,786 as further upward movement could play out. Bitcoin Prediction Statistics Data: Bitcoin price now – $22,786 Bitcoin market cap – $436.8 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: $26,000, $27,000, $28,000 Support Levels: $19,000, $18,000, $17,000 BTC/USD touches the resistance level of $22,979 during the European session today but the king coin is at the time of writing hovering at $22,786 after dropping from the daily high. Moreover, where Bitcoin will go next is likely to depend on the ability of the bulls to hold the price above the key support at $22,500. Bitcoin Price Prediction: Would Bitcoin Go Up or Down? The Bitcoin price remains intact above the 9-day and 21-day moving averages; however, a further retracement seems i