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Since the beginning of this year, Shiba Inu has climbed up swiftly in the market. From its Jan. 1’s lows, the asset’s price has inclined by around 52%. In fact, Shiba Inu has also achieved another feat. Ever since it breached its downtrend, SHIB has climbed past all major EMAs. SHIB has broken above its 200 EMA [blue] a couple of times but failed to stay afloat. However, at press time, it was comfortably trading above all exponential averages. SHIB/USDT | Source: TradingView Also Read: Expert Asks Shiba Inu, Dogecoin, Bonk Investors To Be ‘Especially Cautious’ Whale behavior Amid the price surge, the large transaction volume has noted a few spikes lately. On a particular day last week, the number spiked up to 25.06 trillion SHIB. Prior to that, in the second week, the number stood at 23 trillion SHIB. The number has, however, been suppressed since then. Over the past 24 hours, large transactions greater than $100k only involved ~3 trillion tokens. Sourc...

Bitcoin nearly broke its record for the longest streak of daily green price candles this month, but many believe its recent surge could be short-lived. While Bitcoin (BTC) has experienced a strong price pump to kick off the new year, many industry pundits are not convinced the cryptocurrency will continue its upward trajectory — at least in the short to mid-term.  The impressive price surge — which saw BTC experience 14 days of consecutive price increases earlier this month — has called on many to consider whether the surge marks a significant “breakthrough” or is indicative of a “bull trap.” Speaking to Cointelegraph on Jan. 23, James Edwards — a cryptocurrency analyst at Australian-based fintech firm Finder — said the argument for a “bull trap” is stronger, warning the recent surge could be “short-lived.” He stated that while the BTC price moved upwards over the weekend, the NASDAQ Composite and the S&P 500 also made similar rallies: “This suggests to me that the rally in crypto...

Join Our Telegram channel to stay up to date on breaking news coverage According to a Jan. 21 article in the newspaper, the Federal Home Loan Banks System (FHLB) of the United States is financing billions of dollars to two of the biggest cryptocurrency banks in an effort to lessen the impact of a spike in withdrawals. Over $13 billion in house loans were reportedly taken out by Signature Bank and Silvergate The FHLB is an association of 11 regional banks from different parts of the country that lend money to other banks and lenders. The system, which was started during the Great Depression to promote housing finance, now has over 6,500 members and $1.1 trillion in assets. The company is said to have made a nearly $10 billion loan to the commercial bank Signature Bank in the final quarter of 2022, making it one of the biggest bank borrowing deals in recent memory. The New York Department of Financial Services gave the Signature permission to use blockchain technology for its d...

Up-and-coming NFT racing game sold out all its collectibles and launched a demo version while integrating various other NFT IPs. Bridging the gap between the NFT and blockchain gaming spaces has been a persistent challenge for crypto enthusiasts and developers alike. Major NFT collections try to integrate utility and bring benefits to their holders. However, building a full-fledged game often lies outside of the budget capabilities for such projects. On the other hand, collectibles from gaming projects rarely reach the popularity and valuation that blue chip NFTs have. So the question remains: How can NFT collectors use their digital assets in other Web3 projects, specifically, active gaming platforms? One project has found the solution and is already attracting a solid user base. NFT collections get into the race PetaRush is an ambitious racing game project that uses NFTs to represent the playable characters on the platform. The project has already successfully sold out both its whit...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Calvaria's native token, RIA, has raised more than $2.87 million in its presale, with only $200k left to raise before its presale ends. The presale will end when the final milestone of $3,075,000 is reached, or by January 31st, whichever comes first. Big Gains for the Earliest Investors  The presale for RIA has been going on for over three months now. The digital asset began selling at a price of $0.0100, and with the token now selling for $0.0325, the earliest investors should have already seen up to 225% in profits. Nevertheless, there are still several exciting updates to look out for and opportunities for gains. The alpha version of the Calvaria: Duels of Eternity game is set to be released in the second quarter of 2023. With RIA itself set to list on centralized exchanges soon, an influx of liquidity should help b...

The decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expected to go on sale later this year, features a 2.7-inch e-ink grayscale touch display and it does not require a wired connection. New Hardware Wallet From 1inch Network Offers Air-Gapped, Offline Storage for Crypto Assets On Thursday, the decentralized finance (defi) project 1inch Network announced the launch of a new hardware wallet that will go on sale later this year. The team explains in a press release sent to Bitcoin.com News that the wallet will offer “the safest approach to storing users’ private keys in an offline, simple and open-source way.” The announcement made by 1inch follows the recent collapse of FTX, which spurred a significant amount of demand for hardware wallets, according to the manufacturers behind Ledger and Trezor. 1inch Network...

South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is still low, the risks posed by crypto to the country’s financial stability could increase sharply in the future. Korean Regulator Developing Crypto Monitoring Tools South Korea’s Financial Supervisory Service (FSS) is planning to develop crypto monitoring tools and regularly inspect the risks associated with crypto assets, FSS Governor Lee Bok-hyun reportedly revealed Monday at a conference on the interconnectedness between the crypto market and the traditional financial market. He was quoted by local media as saying: The Financial Supervisory Service is planning various initiatives for the risk management of the virtual asset market this year. Regarding the crypto monitoring tools, Lee explained that the supervisory authority currently lacks data to identify potential risk...

Bitcoin has seen its price take a dip after the U.S. Department of Justice announced its plans to introduce international cryptocurrency enforcement. The world’s most prominent cryptocurrency saw its price hovering around $21,500 this morning but fell to $20,500 after the announcement. Currently, Bitcoin’s price is sitting at about $20,800, which could indicate the reactionary dip was a small price development. Yet, the price action took place alongside news of better than expected, producer inflation data metrics released earlier today as well. Source: Pixabay Bitcoin Experiences Small Price Fall The year 2022 has been well discussed regarding its infamous price movements. The toll it took on some of of the largest entities in the cryptocurrency sector was felt by many. One of those was Bitcoin, whose price hit a miraculously low $15,000 in the month of November. The cryptocurrency sphere has seen a redemption to start the year, however, as the price has surged ...

Image Source: Silvergate  Silvergate shares moved higher on Tuesday after the crypto bank assured investors it is taking steps to weather the FTX collapse despite posting a $1 billion loss in the last quarter of 2022.  Silvergate posted its fourth-quarter results on Tuesday, reporting a net loss of $1 billion for the latest quarter of 2022, compared with a net income of $40.6 million for the third quarter and a net income of $18 million for the same period a year earlier. The company posted a loss of $949 million for the entirety of 2022, compared with a net income of $75.5 million in 2021. The company's losses mainly stemmed from asset sales at a steep discount in November last year after it was hit with a wave of withdrawals following the unraveling of FTX. As reported, Silvergate suffered a bank run following the collapse of FTX, which forced the company to sell assets at a significant loss in order to honor $8.1 billion worth of cust...

The cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the top ten cryptocurrencies, like bitcoin and ethereum, are performing well, a few digital currencies have outperformed a number of the top ten coins in terms of gains this year. Top Cryptocurrency Performers of the Week: Decentraland’s MANA, Frax Share, and FTT Lead the Way Digital currency markets have been in the green recently, as the leading cryptocurrency, bitcoin (BTC), has risen 23.29% against the U.S. dollar in seven days. The second-leading digital currency by market capitalization, ethereum (ETH), has also gained 18.39% this week. Out of the top ten positions, bitcoin has outperformed its competitors in terms of seven-day gains. However, a large number of cryptocurrencies outside the top ten have exceeded BTC’s gains i...

According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC co-founders Su Zhu and Kyle Davies were subpoenaed over the social media platform Twitter. Pitch Deck Shows Three Arrows Capital Co-Founders Seek New Investment for Crypto Exchange GTX There’s a flurry of reports and screenshots of an alleged pitch deck and website that claim the two 3AC co-founders, Su Zhu and Kyle Davies, are attempting to raise $25 million from investors. They allegedly want to start a new exchange called GTX. The crypto hedge fund Three Arrows Capital filed for Chapter 15 bankruptcy protection during the first week of July 2022. 3AC founders Zhu and Davies are aiming raise $25 million for new crypto exchange "GTX" What could go wrong?! pic.twitter.com/vm3NFBYdNZ — Crypto Crib (@Crypto_Crib_) January 16, 2023 ...

Bitcoin (BTC) and Ethereum (ETH), the world's two most popular digital currencies, maintained their lengthy upward trend and surpassed highs of $21,000 and $1,500, respectively. The mining difficulty of the Bitcoin network has recently reached an all-time high, making it more difficult for miners to make a profit.  This increase in difficulty could have an effect on the price of Bitcoin and Ethereum, as it could affect the profitability of mining these digital coins. For the first time since the FTX crash of November 2020, the overall market value of all crypto assets has climbed to more than $1 trillion over the weekend. This is an impressive milestone and a good indication of how far digital currencies have come. The cryptocurrency market has had an excellent year so far, with the value of most major coins increasing dramatically. Other digital currencies, such as Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP), are all performing well. What supports Bitcoin...

Exactly Protocol raises $2M in funding and launches on Ethereum Mainnet with fixed and variable interest rates to complete the DeFi credit market. Exactly Protocol is thrilled to announce its official launch on the Ethereum Mainnet, marking a significant milestone for the protocol. The team is proud to report that it has raised $5 million since its founding last year. Its latest funding round brought in an additional $2 million. Leading this fundraising round were Web3 pioneers such as Kain Warwick, founder of Synthetix, Daedalus, a web3 angel collective, and Esteban Ordano, co-founder of Decentraland. Other investors included Bodhi Ventures, Newtopia, NXTP Ventures, and Kaszek Ventures. “The launch of Exactly Protocol on the Ethereum Mainnet is a major achievement for the project and the DeFi community. With our unique offering and talented team, we are well-positioned to significantly impact the DeFi ecosystem. Thanks to the support of our new strategic investors and the funds raised...

While Twitter users may be more crypto-native, that doesn’t mean they’re going to win in the NFT arena. The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030.  This comes off the back of Twitter having recently announced NFT Tweet Tiles and Instagram releasing an array of different NFT-related tools, and many NFT enthusiasts are naturally starting to deliberate which one will come out on top as the go-to social media platform for NFTs. Going by their unique value proposition and recent events, it is evident that Instagram currently has more in its favor than Twitter when it comes to NFT integration. The value of integrating on Instagram One of the key determining factors for upholding Instagram as having more NFT potential than Twitter is its unique value proposition. When looking at Twitter’s core ...

UGS Labs Integrates Chainlink Price Feeds to help determine NFT Floor Prices.  UGS Labs, a Solana-based Automated Liquidity Provider (ALP). By integrating the industry-leading decentralized oracle network, UGS Labs now has access to high-quality, tamper-proof price feeds. It is in need of to help determine the floor price of NFT collections in USD. This will provide its users with stronger assurances that CORE is running off the highest quality price feeds available in Web3. Initial integration involves the use of the following Chainlink Price Feeds: Solana/USDC UGS Labs chose Chainlink as its go-to oracle solution because its infrastructure seamlessly integrates and is time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value.  Maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans....

Cryptocurrencies are gaining popularity day by day. The ease of making payments and the sending and receiving of funds has been one of the reasons for this popularity. Every now and then we witness payment merchants collaborating with others to incorporate cryptocurrency payments. Read more: Shiba Inu: Burn Rate Soars by 937%, Keeping the Burn Game Up In one of the recent announcements, it has come to light that a new partnership between CoinGate and WIX will allow thousands of merchants to accept Shiba Inu alongside 70 other cryptocurrencies. The merchants will now be able to receive payments in the popular meme coin, Shiba Inu. Source: Crypto Morning Shiba Inu: When Shibarium? The Shiba Inu team has been teasing the launch of Shibarium for over six months, and the expected launch date has not yet been revealed to the community. Shibarium is definitely going to pave the path for new developments in the ecosystem. Source: Scotsman The launch could also be the ma...