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To finish 2022, a dreadful year for coin prices, the top two cryptocurrencies are virtually unchanged from the weekend before. Bitcoin (BTC) continues to trade choppy due to a lack of volatility as investors prepare to celebrate the New Year 2023. However, the Bitcoin price and Ethereum prediction haven't changed much recently, as BTC has been consolidating in a narrow range of $16,450 to $16,750. Similarly, Ethereum is choppy, oscillating in a narrow range of $1,180 to 1,200, and a break of this level has the potential to determine future trends. Ethereum (ETH) has had a rough year, but its underlying worth is higher than its current market price.  ETH Fundamentally Stronger Than Before, But Investors Wary of Price Falls In 2022, the network finally implemented its long-awaited Merge, marking the beginning of its switch to a proof-of-stake consensus method. When validators were used in place of miners, the blockchain's energy consumption dropped by 98%. To...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com 2023 is just around the corner, and many crypto investors have been reorganizing their portfolios to focus on assets that can deliver gains in the new year. Some new digital assets have the most potential for growth in the coming year.  In this article, we will take a quick look at them. FightOut (FGHT) FightOut is one of the most revolutionary services in the fitness space. This move-to-earn platform rewards users who stay active and work out while also opening them up to a world of possibilities. With FightOut, users can create avatars, track their stats, and much more. The platform's selling point is that it tracks all fitness activity and not just steps. So, users get a complete tracking app that allows them to keep tabs on their fitness at all times.  Besides the physicals, FightOut also allows players to take...

Midas partners with Diffusion. Users will be able to leverage various LP tokens to collateralize their positions. Enable various strategies and make the most of their assets. Users will also be able to borrow USDC and WEVMOS from the pool, enabling them to participate in DeFi with their LP tokens while their original assets are still earning rewards. Diffusion  is an Automated Market Maker protocol and liquidity pool designed for efficient trading between crypto-assets. Diffusion is built on Evmos — an EVM on Cosmos, which was recently integrated into Midas Capital. The Diffusion pool will be the first pool on Midas Capital in the Evmos ecosystem, with more to follow. Diffusion and Midas have teamed up to incentivize the pool to source the initial liquidity. Certain deposits in the pool will be incentivized with DIFF rewards. Additional Yield-Generating Opportunities With ERC-4626 Midas pools offer novel yield-generating opportunities for users to make the most of their assets. With th...

Source: AdobeStock / Maksym Yemelyanov Bitcoin (BTC) miner Argo Blockchain  said it would sell its Helios mining facility to US-based crypto financial services firm  Galaxy Digital for $65 million. In a press release published on Wednesday, Argo Blockchain said it entered into definitive agreements with Galaxy Digital Holdings, whose founder is the popular billionaire investor Mike Novogratz, under which an Argo subsidiary will sell its Helios facility in Dickens County, Texas, USA, for $65 million. The transactions were set to close on December 28. As a part of the deal, Galaxy will give Argo a new asset-backed loan in an aggregate principal amount of $35 million with an initial term of 36 months. This particular financing, said the company, will be secured by a collateral package that includes mining machines currently operating at Helios, as well as some machines located at Argo’s Canadian data centers.  Peter Wall, Argo’s Chief E...

Join Our Telegram channel to stay up to date on breaking news coverage C+Charge is a new eco-friendly cryptocurrency initiative, aims to reduce carbon emissions and will certainly obtain massive profits in 2023. C+Charge is developing a new payment charging model that is environmentally friendly by offering drivers a simple charging experience and the chance to earn carbon credits. To learn more about the C+Charge, a new green cryptocurrency, and its presale, watch the video above and subscribe to his YouTube channel. What is C+Charge C+Charge aims to provide a reliable peer-to-peer (P2P) payment infrastructure for  stations for EV charging based on blockchain technology. Customers will  each recipient was given a personal electronic wallet that they could use to  fee at stations across the world. The payment system for C+Charge is  powered by a utility token called C+Charge that is used to pay for charges. The owner of the charging station save...

Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The company’s stock has lost 96.34% year-to-date and on Dec. 12, the bitcoin miner “advanced negotiations with a third party to sell certain assets” in order to “strengthen its balance sheet and improve its liquidity.” Argo Blockchain Requested a Suspension of Stock Trading Pending an Official Announcement On Tuesday, Dec. 27, 2022, the publicly-listed bitcoin miner Argo Blockchain (Nasdaq: ARBK) announced that it has requested the suspension of trading its shares via Nasdaq and the London Stock Exchange as well. Argo detailed that it believes trading will resume after the company makes an important announcement on Dec. 28. Argo disclosed that the announcement is “expected to be released before [the] opening of trading on Wednesday.” Argo is one of many bitcoin mining operations that has suffer...

Senegalese-American artist, Akon, reportedly reassured participants in his so-called token of appreciation (TOA) that they will be reimbursed for donations. To back this promise, the singer reportedly claimed he is even willing to do “a world tour just to pay them all back.” Akon, however, conceded during an interview that he should “have gotten more things in place before promoting it [Akon City].” Singer Ready to Do a World Tour for Token Holders Rhythm and blues (R&B) singer and music producer, Akon, reportedly promised to reimburse disillusioned supporters who have been waiting for refunds from his token of appreciation (TOA) campaign. The Senegalese-American artist also told TOA holders that he is prepared to use his own funds to ensure this promise is honored. “I’m dead serious. I would do a world tour just to pay them all back,” the award-winning artist reportedly said. Launched in 2019, Akon’s TOA was given to his early fin...

None of the 31 crypto exchanges registered with Japan's Financial Services Agency are currently offering trading in stablecoins like USDT or USDC. Japanese regulators are reconsidering some major cryptocurrency restrictions related to the use of stablecoin s like Tether (USDT) or USD Coin (USDC). The Financial Services Agency (FSA) of Japan will lift the ban on the domestic distribution of foreign-issued stablecoins in 2023, local news agency Nikkei reported on Dec. 26. The new stablecoin regulations in Japan will allow local exchanges to handle stablecoin trading under condition of asset preservation by deposits and an upper limit of remittance. “If payment using stablecoins spreads, international remittances may become faster and cheaper,” the report notes. Allowing Stablecoin distribution in Japan will also require more regulations related to Anti-Money Laundering controls, the FSA said. The authority on Monday started collecting feedback on proposals for lifting the Stablecoin...

A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan on Institutional Crypto Investing JPMorgan Asset Management’s head of institutional portfolio strategy, Jared Gross, discussed crypto and institutional investors’ interest in the asset class on Bloomberg Friday. The senior investment strategist described: As an asset class, crypto is effectively nonexistent for most large institutional investors … The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging. Gross added that it is “self-evident” that bitcoin has not proven itself to be a form of digital gold or haven asset like some have hoped. He continued: Most institutional investors probably are breathing a sigh of relief that...

Aggressive interest rate hikes have wrought havoc on global markets. As a consequence, more countries may embrace Bitcoin in the year ahead. The chaos we’ve experienced in global markets this year — global geopolitical upheaval magnified by the confluence of broken supply chains, inflation and heavy national debt loads — seems to signal the beginning of a new era. All of this is within the context of the United States dollar serving as the primary global reserve currency, currently accounting for about 40% of global exports. But monetary history tells us that multiple global reserve currencies can exist at one time. Many countries are actively seeking a reserve settlement that is insulated from global political strife. Bitcoin (BTC) may fit the bill, and if it is adopted as an alternative reserve currency — even at the margins — we will see the unleashing of Bitcoin-based trade and the rise of a new geopolitical reality. The Bitcoin network is ready for this moment. What is Bitcoin-ba...

President Jair Bolsonaro has approved law 14.478, which regulates cryptocurrency-related operations and virtual asset service providers (VASPs) in Brazil. The document, approved on the last day of the period allowed, will begin to be applied 180 days after its sanction. This will give all parties a period to adapt to compliance. Cryptocurrency Law Finally Sanctioned in Brazil Brazil has, at last, approved its cryptocurrency law in the nick of time. After having completed almost the whole period for taking action, President Jair Bolsonaro signed bill 14.478 into law on Dec. 21, when it was published in the Official Journal of the Union, the government publication of the country. With Bolsonaro’s sanction, exchanges and other organizations subject to the law will have 180 days to prepare to comply with the new directives. However, if Bolsonaro had not sanctioned the law, the project would have returned to Congress, with the opportunity of being sanctioned by the Senate and the De...

Source: a video screenshot, New York Post Sam Bankman-Fried (SBF), the disgraced founder of crypto exchange FTX, has been extradited to the United States and is set to appear before a judge on Thursday. The court appearance is expected to take place on Thursday afternoon at a Manhattan federal court. According to a New York Post report, Bankman-Fried’s mother, Barbara Fried, has been seen arriving at the Pearl Street courthouse hours before the court session was scheduled to begin. The New York court appearance comes after Bankman-Fried on Wednesday was flown on a US government plane to New York from the Bahamas, where he has spent the past few days at the infamous Fox Hill detention facility. Bankman-Fried was escorted by US federal agents on his journey back to his homeland. Former business partners turn on SBF The news of the extradition comes as reports indicate that Bankman-Fried’s former business partners Caroline Ellison and Gary Wang have turned o...

Source: TradingView The Terra Luna Classic price has risen by 5% in the past 24 hours, reaching $0.00013703 as the wider cryptocurrency market barely budges in the same period. At one point today LUNC was up by as much as 7.7%, although its current price still means it's down by 17% in a week and by 10% in a month. LUNC's inconsistent movements over the past few weeks have been caused by a mix of negative investor sentiment and ongoing attempts by its community to boost its price via burns. And this time, a proposal to reverse a recent move to re-mint 50% of all burns (for a developer/community fund) is responsible for the latest surge, with LUNC holders excited that the altcoin can get back on track towards substantially reducing its supply. Terra Luna Classic Price Prediction as LUNC Pumps Up 7.7% in 24 Hours – $1 LUNC Incoming? LUNC's chart appears to be presenting a 'bullish reversal.' This means that one of its indicators has turned bullish,...

2022 is coming to an end and during the last 12 months, the crypto economy has lost roughly $1.486 trillion in value against the U.S. dollar. On Dec. 20, 2021, bitcoin was trading for $46,406 and it has lost more than 63% in value year-to-date, while the second leading crypto asset ethereum shed 69% against the greenback over the last year. 2022’s Top Ten Cryptos Shed Billions While a Few Played Musical Chairs Approximately 365 days ago on Dec. 20, 2021, the crypto economy was worth a lot more in value than it is today. 12-month statistics indicate that $1.486 trillion has been erased from the crypto economy since that day, as it slid from $2.334 trillion to the Dec. 20, 2022 value of $848 billion. Top ten crypto coins last year compared to the top ten this year. $1.486 trillion has been erased from the crypto economy during the last 12 months. At the time, bitcoin’s (BTC) nominal value measured in U.S. dollars was around $46K per coin and ethereum (ETH) was priced at ...