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BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE

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Bitcoin (BTC) and the U.S. equity markets fell sharply on Jan. 5, reacting negatively to the minutes from the Federal Reserve’s December FOMC meeting, which showed that the members expect the balance sheet reduction to start after the Fed begins hiking interest rates in early 2022. Adding to the negative sentiment was the shutdown of
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Bitcoin and Ether heading $100K and $5K in 2022: Bloomberg Intelligence

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Despite cryptocurrency markets dropping to multi-month lows, major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are likely to hit new all-time highs in 2022, according to a Bloomberg analyst. BTC and ETH will be heading toward $100,000 and $5,000 this year, respectively, according to a forecast by Bloomberg intelligence analyst Mike McGlone published in his latest
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Hong Kong-based Coinsuper allegedly blocks customers’ withdrawals

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A cryptocurrency exchange in Hong Kong has reportedly stopped all withdrawal requests, according to reports. Coinsuper is the sole crypto firm in China that is licensed by the government, and was founded by a former senior UBS Group AG executive in November 2017. The report by Bloomberg suggests that customers of the bourse have been
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Bitcoin clings to $42K as key moving average break from July reappears

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Bitcoin (BTC) consolidated above $42,000 prior to Wall Street’s opening bell on Jan. 7 as more similarities to last year’s lows emerged. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC “very closely” mimicking May behavior Data from Cointelegraph Markets Pro and TradingView tracked a nervous Bitcoin market as BTC/USD avoided another retest of $40,000 support. Earlier,
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GameStop Shares Surges 26% after Announcing Entry into NFT, Crypto Markets

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GameStop, an American seller of video games, consumer electronics and wireless services, said it is entering the Non-Fungible Token (NFT) market. After the announcement, GameStop’s shares on the Nasdaq exchange, GME, rose 26% in after-hours trading. GameStop has hired more than 20 people to run its newly formed NFT division, according to the Wall Street Journal
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Mozilla Foundation Backtracks on Accepting Cryptos after Backlash

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Mozilla, the software developer of the internet browser Firefox, has reversed its stance on accepting cryptocurrencies after facing backlash over concerns about the impact cryptocurrency mining has on the environment. Last week, Mozilla had called for cryptocurrency donations through BitPay which eventually sparked a discussion about the harmful impact cryptocurrency mining has on the environment. Multiple reports have
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Three Ethereum Rivals Are Growing at an Unprecedented Rate, Rising Faster Than ETH Itself: Report

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While the crypto markets experience a rough start to the new year, several competitors of leading smart contract platform Ethereum (ETH) are moving full steam ahead. In a new annual developer report, early-stage venture firm Electric Capital says that although Ethereum’s rapid growth continues, a handful of up-and-coming blockchain projects are rising at an unprecedented
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WeChat Offers Digital Yuan Payments Ahead of Beijing Winter Games

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WeChat has become compatible with payments using the digital yuan ahead of the Beijing Winter Olympics, owner Tencent Holdings said. The move by Tencent comes at a time when the Chinese government plans to test its digital yuan around Olympic venues next month when the Games begin. From the perspective of Tencent, whose business strategy
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