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Bitcoin options markets continue to signal near-term upside risks to the BTC price, despite warnings from strategists that Wednesday’s Fed meeting could trigger a “bloodbath” in cryptocurrency markets. According to a chart on The Block, the widely followed 25% delta skew of Bitcoin options expiring in seven days remained at 4.44 on the 30 th of January, not too far below recent multi-year highs hit earlier this month in the 9.0 area. The 25% delta skew of Bitcoin options expiring in 30, 60, 90 and 180 days were all between 0.5 and 2.0, indicating more of a neutral market bias, though all also remain close to multi-month highs. The 25% delta options skew is a popularly monitored proxy for the degree to which trading desks are over or undercharging for upside or downside protection via the put and call options they are selling to investors. Put options give an investor the right but not the obligation to sell an asset at a predetermined price, w...

The world’s largest crypto exchange has teamed up with Mastercard, the second-largest global payment processor, to bring a prepaid crypto card to Brazil.  Btc Bitcoin $22.763 price 4.11323% price change TRADE NOW The card will enable Brazillian Binance users to pay bills and make purchases using cryptocurrencies including Bitcoin and BNB. Per Binance’s announcement on Monday, the card can be used with over 90 million Mastercard merchants worldwide, as well as online. Though still in its beta-launch phase, it will soon become widely available. The card works by converting users’ cryptocurrency into fiat currency at the point of purchase. This lets card users spend in crypto, while the merchant receives their standard fiat payment. Purchases with the crypto card include an 8% cash-back benefit on select purchases, alongside zero fees for ATM withdrawals. However, a 0.9% conversion fee will still apply. This makes Brazil the second L...

Join Our Telegram channel to stay up to date on breaking news coverage Litecoin bulls seek to push LTC above $100 and in doing so, they get the hindwinds required to sustain the uptrend. Litecoin price is up 36% so far in 2023, which is the best start to the year since 2020. The remarkable recovery has turned several on-chain signals bullish, as will be later discussed in this article.  Litecoin Price Needs To Flip $100 BAck To Support To Sustain The Uptrend LTC displayed a strong uptrend on Sunday, rising as much as 10% to reach a high of $98 on Coinbase. This follows a brief consolidation period that saw the price oscillate between $85 and $92 from January 21 to 28. Litecoin broke out of this consolidation zone yesterday, an indication that the recovery was intact.  However, the bulls must flip the $100 psychological level back to support in order to secure the uptrend. This is a very significant zone that if turned into a demand area will provide the wings needed ...

Tesla and Twitter CEO Elon Musk has reaffirmed his commitment to eat a McDonald’s Happy Meal on TV if the fast food chain accepts the meme cryptocurrency dogecoin (DOGE). Musk originally made the offer a year ago but McDonald’s responded with a counteroffer at the time. Elon Musk, McDonald’s, and Dogecoin Payments Tesla, Spacex, and Twitter CEO Elon Musk has reaffirmed his commitment to eat a McDonald’s Happy Meal on Television if the fast food giant starts accepting payments in dogecoin (DOGE). It has been a year since the billionaire tweeted his offer on Jan. 25, 2022. However, McDonald’s did not accept his offer at the time. “Only if Tesla accepts grimacecoin,” the Twitter account for the fast food corporation replied to him. Grimace is a fluffy, purple character who tags along with Ronald McDonald in McDonaldland commercials. The subject came up again this week when Twitter user Dogedesigner asked Musk on Thursday whether his offer is st...

Source: erllre/Adobe North Korean hackers are trying to break into crypto accounts by sending bogus job offers, a security provider has claimed. The claims were made in a post by Proofpoint, a California-based security provider, and reported by the South Korean media outlets KBS and TVChosun. Proofpoint claimed that a group named TA444 was behind the latest hacking drive. It called TA444 “a North Korea-sponsored advanced persistent threat group” that is “likely tasked with generating revenue for the North Korean regime.” And the provider claimed that while TA444 was “historically involved in the targeting of banks,” it has “more recently [...] turned its attention to cryptocurrency.” The provider also claimed that TA444 “mirrors” capitalist “startup culture” in “its devotion to the dollar and to the grind.” This has reportedly seen the group target individuals with emails whose attach...

NFT trademark filings by companies aren’t just a marketing stunt. According to a trademark lawyer, they have to use what’s in the application. Crypto proponents would be wise to keep their eyes on nonfungible token (NFT) and metaverse trademark applications this year, which are “reliable signals” of future-use plans. Speaking to Cointelegraph, intellectual property lawyer Michael Kondoudis said while many people may think big corporations are just jumping onto the NFT trend as a novelty, “it is not possible” to register a trademark in the United States with no intention to use it. Despite a relatively low cost for filing an application — ranging from $250 to $350 per class of goods/services — Kondoudis explained when a company submits a trademark application, it requires a sworn statement that the applicant has a “bona fide” intent to use the mark in the future for the listed products and services. He noted, however, that these applications “undergo substantive review” and may be reje...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto market started the trading day on Thursday with gains. Most top-cap cryptocurrencies including, Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and Cardano (ADA) were flashing green with the global crypto market value rising 2.17% to $1.05 trillion, according to data from CoinMarketCap. ImmutableX price led the top losers with a total drop of 1.64% in price (see figure below). Source : CoinMarketCap ImmutableX Price Stares Into An Abyss As Losses To $0.37 Loom IMX price started the New Year on a positive note bouncing off the $0.37 support floor to stage a 102% rally that halted at the $0.75 psychological level. Note that the price was also rejected by supply pressure from this zone in early November when the FTX/SBF/Alameda Research debacle sent the price on a downward spiral. At the time of writing, the ImmutableX price was facing rejection from this same level, hence the ongoing correction...

BurnKoin Staking Guide is here to provide step-by-step ways to stake KOIN tokens. Burn Koin is the first burn pool developed for Koinos. “Burn pool” is just the name we use for mining pools on Koinos Proof of Burn. Prior to KOIN, most cryptocurrencies had relatively simple token economic designs; they were the token used to pay the fees necessary to sustain the operations of the decentralized network. Counterintuitively, removing the fees is what allows for the creation of a more dynamic, flexible, and performant system that supports a digital currency that finally delivers on the futuristic vision of an egalitarian and decentralized digital currency that began with Bitcoin. GETTING STARTED WITH KOIN STAKING The front page of BurnKoin displays the dashboard button, the total deposits, and the current APY. The total deposits represent the total quantity of the $VHP and $KOIN held in the pool. The current APY represents the approximate APY that BurnKoin depositors should expec...

The Fountain podcasting app announced a partnership with ZEBEDEE to allow podcast creators and listeners the ability to earn Bitcoin for their time spent with content. Crypto has tapped into various industries over the years to enable users with the unique ability to micro-monetize their actions. Play-to-earn gaming, along with earning from music streaming, has been the forerunner for this type of crypto integration.  On Jan 24. Fountain, a value-for-value podcast ing platform, announced a new partnership with ZEBEDEE, a financial services company that helps monetize games and apps, to enable Bitcoin (BTC) micro payments for podcast listeners .  Oscar Merry, the founder and CEO of Fountain, called the ability to listen to a podcast and earn money for it, a powerful combo and the future of content creation. “A few years from now, we’ll look back at paid subscriptions for content platforms that aren’t related to how much we actually use those platforms and laugh at how basic and inef...

Nexo co-founder Antoni Trenchev said his company may sue the Bulgarian government for $1 billion following a raid on Nexo’s offices earlier this month.  Trenchev claimed that the state’s actions were not only illegal, but caused significant harm to his company’s reputation.  Repairing a Damaged Reputation During an interview with Nova TV, Trenchev called claims that his company is involved in money laundering and terrorist financing operations ”absurd.”  “We, as an institution, monitor all incoming and outgoing transactions on our platform in real-time,” he explained. Nexo put out a similar statement on the situation weeks ago, claiming to possess over 30 AML compliance officers monitoring OFAC sanctions lists KYC & Audit Solutions! SolidProof Such claims were grounds for the government’s raid on Nexo’s offices on January 12. News of the raid was shortly followed by an influx of withdrawal requests from its platform, during a period marred by wides...

Source: Binance / Instagram Binance, the world’s largest crypto exchange by trading volume, says it can no longer support USD deposits and withdrawals through SWIFT if the amount transferred is less than $100,000. The reason for the new limitation, which sets the bar for such transfers extremely high for most ordinary crypto investors, is that one of Binance’s banking partners is said to be moving away from crypto. Binance uses Signature Bank to process SWIFT payments. SWIFT is an international payments system used to make transfers between banks in different countries. “Actively seeking” new partner Binance informed its clients of the new policy in an email sent out to affected users, where it also said that Signature Bank’s new policy will apply to all of its crypto clients. It added that it is “actively seeking” a new partner to process its SWIFT payments. Only “0.01% of our average monthly users are serviced by Sign...

Image Source: Pixabay Bitcoin has extended gains over the weekend ahead of celebrations for the Lunar New Year holiday and the Spring Festival throughout Southeast Asia, rallying to its highest level since August. The flagship cryptocurrency surged to over $23,000 on Saturday, gaining as much as 10% at one point compared to the earlier day, data by CoinMarketCap shows. The coin has reached a local high of around $23,282, a level not seen in more than five months. As of now, Bitcoin is trading around $22,900, almost flat over the past day. Ethereum, the second-largest cryptocurrency, also registered significant gains, reaching a local high of around $1,674, a level not seen since September last year when its much-anticipated Merge upgrade went through. The total market cap has passed the $1 trillion mark.  The rally comes as Bitcoin has historically performed well at the start of the Lunar New Year holiday celebrated across much of Asia, often referred to as Chin...