Altcoin News by Thebittimes.Com

Source: Unsplash Dogecoin (DOGE) is in the news again after Elon Musk on Wednesday reaffirmed his bid to buy Twitter, and DOGE supporters now hope that their favorite meme coin will get the exposure they believe it deserves as a result of the deal. As always, when it comes to dogecoin, the infamous $1 price target becomes a topic, despite the fact that dogecoin has never reached that level. At its peak in May of 2021, DOGE reached as high as $0.74 before it entered a bear market that has now brought it all the way down to $0.06 – a decline of more than 90%. DOGE weekly chart. Source: TradingView.com From a shorter-term technical Analysis , DOGE now looks poised for further upside after strong bullish action brought the price through the $0.063 resistance area on Tuesday this week. Worth noting is also that the price appears to have found support to the downside around $0.050 and $0.057, with these two levels now key if DOGE is to avoid further losses. Also poi...

Source: a video screenshot, Unciphered/ YouTube Crypto hardware wallet provider OneKey was hacked by cyber security startup Unciphered - in one second. The wallet manufacturer claims the vulnerability in its firmware that allowed the breach has been fixed. On February 9, Unciphered posted a video on their YouTube channel, stating that they had found "a massive critical vulnerability," which they managed to exploit in a single second and crack OneKey.  Eric Michaud, a partner at Unciphered, went on to explain how the hack works, noting that the device has the central processing unit (CPU) that's in charge of processing and "the secure element" where crypto keys are kept. The communications between these two are normally encrypted. However, Michaud said,  "[It] turns out it wasn’t engineered to do so in this case. We figured that out. So what you could do is put a tool in the middle that monitors the communications and intercepts them a...

The term "metaverse" has been coined to depict a digital universe where users can work, socialize, and play. This concept is attracting the notice of influential tech firms, governments, and financial organizations. Analysts predict that the metaverse could be worth as much as $13 trillion by 2030 and transform how people interact and live their lives. Web3 metaverse ventures like The Sandbox , Decentraland, and Axie Infinity, among others, are taking the lead with decentralized economic and governance elements. However, there are numerous second-gen platforms such as RobotEra that offer even more promise. Recently, the metaverse has garnered more interest after The Sandbox signed a memorandum of understanding (MoU) with Saudi Arabia's Digital Government Authority (DGA), making the metaverse much more alluring to investors. RobotEra aims to introduce a more dynamic and immersive experience by incorporating AR and VR, as well as Minecraft-style buildi...

Lido token (LDO), the utility and governance token for the Lido Decentralized Autonomous Organization (DAO) that controls Ethereum liquid staking protocol Lido, has seen significant upside volatility in the past few days. LDO, up around 14% in the last seven days, came within a whisker of its highest levels since August 2022 on Thursday after momentarily surpassing the $3.0 per token mark. Lido token has since eased back to trade in the $2.60s, but technicians think the cryptocurrency remains in a near-term uptrend. That suggests a sustained break above $3.0 and the August 2022 highs at $3.10 in the near future is a strong possibility. Suppose the broader rise in cryptocurrency markets continues and speculation that the US might ban US-based centralized cryptocurrency firms from providing Ethereum staking services (like Coinbase) continues to swirl. In that case, LDO’s near-term prospects look good. Coinbase CEO Brian Armstrong tweeted on Thursday that he heard...

Source: a video screenshot, Sky News / YouTube Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Exchange news Bitget announced that it would direct 1 million Turkish Liras ($53,100) to the funds helping the earthquake victims in Turkey. The exchange is asking for assistance with local logistics. Binance introduced a tool to help users in France and Canada calculate the tax obligations on their crypto. “Our brand new Binance Tax helps users understand their crypto tax liabilities on up to 100,000 Binance transactions — at no extra cost,” said the announcement. The company is working to implement support for more regions and to add support for more networks and wallets outside of Binance, it added. Regulation news All crypto firms marketing to UK consumers, including firms based overseas, will soon need to comply with the new...

The market for electric vehicles (EVs) is expanding tremendously as it poses a great option to use eco-friendly batteries. To further simplify the EV ecosystem, C+Charge, a versatile blockchain project, now offers EV drivers a transparent payment system and an innovative app to control their entire EV experience.  Electric Vehicle (EV) Ecosystem: The Needle Eye Experience  The electric vehicle (EV) ecosystem is going on overdrive due to many automakers committing to featuring electrical attributes in their up-and-coming vehicle designs over the coming years. The shift to the EV ecosystem is now evident in SUVs, sedans, trucks, minivans, and sports cars.  One of the key benefits of electric vehicles is their affordability. Drivers can now purchase their preferred EV cars and eliminate the need to buy gas, which is especially important given the disruptions in energy supplies and rising gas prices. Other advantages of EVs include their low maintenance co...

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. ...

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 regu...

PancakeSwap price has started giving back the gains accrued from January 1, when it bottomed out at $3.15. CAKE is down slightly over 3% in 24 hours to trade at $3.72 at the time of writing. With this price Analysis , investors will figure out if they should buy the dip or wait for PancakeSwap price to exhaust the pullback. Evaluating PancakeSwap Price Long-Term Profitability with These Updates PancakeSwap launched a 120-day ESPL Syrup Pool for its community on Monday. This development follows a collaboration with “strategic partners and investors, including Genting Ventures, Warner Music, Infinity Ventures Crypto, and Arcanum Capital.” According to an announcement by the team made via Twitter, the ESPL Arena is a Global Esports Tournament Platform, boasting 280k active competitors. ESPL has hosted more than 700 Esports tournaments across Southeast Asia and Latin America. The first ESPL Arena initial farm offering (IFO) was concluded late Monday, with use...

A revolutionary new move-to-earn (M2E) crypto start-up called FightOut has raised a whopping near $3 million in the few weeks since the launch of its token presale. Move-to-earn essentially means that users can earn cryptocurrency by completing movement-based challenges/competitions. Investors have been rushing to get hold of FightOut’s FGHT token, which will function as the currency at the heart of FightOut’s web3 fitness ecosystem. Tokens are currently selling for 60.06 per 1 USDT, though larger investments are eligible to receive a bonus of up to 50%. Visit FightOut Now What is FightOut? FightOut is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing within a first-of-its-kind fitness metaverse. At the center of FightOut’s digital ecosystem will be its smartphone application which, according to FightOut’s whitepaper, is scheduled for launch in Q2 2023. The FightOut a...

Image source: Reuters The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently t asked with the exchange's investigation, citing potential conflicts of interest.   In a recent legal filing, the US Trustee said it is objecting to the FTX decision due to two "overarching" reasons. In the first place, the law firm's disclosures are not wholly sufficient to "evaluate whether S&C satisfies the Bankruptcy Code’s conflict-free and disinterestedness standards," the DOJ said. Furthermore, there might be a conflict of interest given that Ryne Miller, general counsel of FTX US, previously worked at S&C for eight years. The DOJ said the investigation would place the law firm "in the conflicted position of investigating itself and its former partner." "Second, the scope of S&C’s retention cannot be allowed as proposed," the complaint added, detailing that bankruptcy rules ...

Crypto gaming tokens are leading the market higher, with projects such as Gala Games GALA token appreciating significantly over the course of the past few days, and many others following suit.  The return of bullish sentiment to the markets has been a catalyst for a new wave of optimism, and many traders and investors are speculating that there could be significant further upside.  In particular, there is one project that is currently still in its presale that has been garnering a significant amount of attention from investors.  Calvaria enters the play to earn space  Calvaria is a brand new project whose native token RIA is currently in its presale, and the token sale has now managed to successfully raise $2.7m.  Investors and gamers alike are excited by the prospect of building up their own battle card decks and waging war against one another in the virtual realm in order to earn RIA tokens.  Moreover, there are opportunities for membe...

The price of Bitcoin has remained mostly unchanged during the Asian session, settling in a narrow range of $16,750 to $16,950. Similarly, Ethereum, the second-largest cryptocurrency, fell back into the $1,250 trading range after failing to hold above $1,260. The global crypto market cap fell 0.32% to $817.65 billion on the previous day, sending major cryptocurrencies into the red early on January 6. Over the last 24 hours, overall crypto market volume surged 22.94% to $27.22 billion. DeFi's total volume is currently $1.90 billion, accounting for 7% of the overall crypto market 24-hour volume. The overall volume of all stablecoins is now $26.09 billion, accounting for 95.87% of the total 24-hour volume of the crypto market. US Nonfarm Payroll Under the Spotlight Today Following an upwardly revised 284K in October, the US economy added an unexpected 263K jobs in November of 2022. As the economy recovers from the shock of the pandemic, job growth has slowed to its ...

SOL, the native token that powers the Solana blockchain, was last trading a little over 1.0% lower on the day on Wednesday in the $13.20 area, having been as high as the $14.20 area earlier in the session. That still leaves the cryptocurrency up around 33% since the start of the week and around 66% higher versus its late 2022 lows around $8.0 per token. Price predictions have subsequently become more bullish.  The cryptocurrency’s latest surge has seen it blitz back to the north of its 21 and 50-Day Moving Averages at $11.60 and $12.75 respectively, with the bulls now eyeing a test of resistance in the $15 area. A break above this level could open the door to a long-term resistance in the $19 area. For what its worth, cryptocurrency analyst Marzell thinks the SOL pump is likely now to reverse, and is targeting a retest of the $12.20, where he is looking to take profits on a recently implemented short position. Is it Too Late to Buy SOL? In light of Solana...