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Join Our Telegram channel to stay up to date on breaking news coverage LDO, the native token of LidoDAO, has displayed a consistently improving performance throughout February, closing the month at a 25% increase. The token is up 220% since the start of the year, and investors are now curious about the token’s future prospects. In this article, we’ll take a look at the LDO token and offer predictions about the price targets it could hit in the future. MakerDAO’s Co-founder Sold LDO for MKR Tokens Rune Christensen, the co-founder of MakerDAO, recently sold his LDO positions and bought MKR tokens with those proceedings. Although, LDO tokens manage to outperform MKR tokens in several aspects. Christensen sold a total of 18.86 million tokens for a price of $27 million DAI. On the other hand, he purchased 15,092 MKR tokens for $4.44 million DAI. Both these transactions have been termed crucial in determining their state moving forward. This isn’t the first...

The Bitcoin price prediction shows that BTC is following the two-straight bullish day as the king coin moves toward the north. Bitcoin Prediction Statistics Data: Bitcoin price now – $23,909 Bitcoin market cap – $456.8 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $28,000, $30,000, $32,000 Support Levels: $20,000, $18,000, $16,000 According to the daily chart, BTC/USD is showing positive signs and might rise further above the $24,000 resistance. However, the Bitcoin price could move with strong bullish momentum after a sustainable break towards the upper boundary of the channel. Bitcoin Price Prediction: BTC Could Move to the Upside The technical indicator Relative Strength Index (14) shows that the Bitcoin price is ready for upward movement as the signal line moves to cross above the 60-leve...

BTC price is chasing after $24,000 again, raising the possibility of LDO, EGLD, THETA and KLAY targeting new year-to-date highs. The cryptocurrency Markets and the United States equities Markets witnessed profit-booking this week as the macroeconomic data hinted toward continued rate hikes by the Federal Reserve. Bitcoin (BTC) is down more than 4% and the S&P 500 fell 2.7% to record its worst week of the year.  The CME FedWatch Tool shows a 73% probability of a 25 basis points rate hike by the Fed in the March meeting but after the hotter-than-expected inflation readings in two weeks, the probability of a 50 basis point rate hike has started to slowly gain traction. Crypto market data daily view. Source: Coin360 During periods of uncertainty, some coins enter a deeper correction while a few buck the trend and continue to outperform the markets. Hence, it becomes important to select the right coins to trade. A few coins that have witnessed a shallow correction or have bounced shar...

1. ETH’s weekly summary a. The Shanghai upgrade will activate on the Sepolia network at epoch 56832 link The Shanghai upgrade will activate on the ETH testnet Sepolia network at epoch 56832, scheduled for 4:04:48 AM UTC on Feb. 28. This upgrade follows the Merge and enables validators to withdraw their stake from the Beacon Chain back to the execution layer. b. The Ethereum Foundation announced the grantees from Q4 2022 link The funds are about $4.37m, including community and educational activities in Nepal, Hungary, Ukraine, Vietnam Japan and other places; many research projects on Consensus layer and Cryptography & zero knowledge proofs. c. Ethereum developers gathered for their 103rd ACDC call on Feb 23 link Ethereum developers have started to test MEV-Boost, builder, and relay software a few test networks where the Shanghai upgrade has been activated like the Zhejiang testnet and Devnet 7. MEV-Boost software is being tested alongside staked ETH withdrawals and so far, no issues...

Bitcoin fell back below $24,000 on Feb. 24, as markets anticipated the release of the upcoming consumer sentiment figures from the United States. The report from the University of Michigan is expected to show an increase in confidence, despite current inflationary pressures. Ethereum marginally retreated from Thursday’s high. Bitcoin Bitcoin (BTC) was once again trading below $24,000 on Friday, as markets began to anticipate the release of U.S. consumer sentiment data. BTC/USD fell to an intraday low of $23,693.92 earlier in today’s session, less than 24 hours after hitting a peak of $24,177.57. Today’s move comes as bitcoin was unable to sustain a recent breakout of a long-term ceiling at $24,200. BTC/USD – Daily Chart Looking at the chart, the 14-day relative strength index (RSI) also experienced a breakout, with the index moving below a floor at 58.00 Currently, the index is tracking at a reading of 55.97, with the next visible point of support at t...

Time and again, protocols like Solana , Avalanche and Cardano have been dubbed as “Ethereum killers”. During 2021’s bull run, many from the space advocated that these protocols and their respective tokens would thrive. However, with the macro bear run materializing in 2022, that narrative started losing fizzle. Polygon’s Co-Founder Sandeep Nailwal recently appeared in an interview with Crypto Banter. Talking on similar lines, he opined that there wouldn’t be a “multi-Layer 2 environment.” Instead, he said, there’d be only “one single” Layer 1 — Ethereum, on top of which other Layer 2 user activities will take place. To a question on if he believed Solana , Aptos, Cardano , or Avalanche will eventually become “very small” and lose their relevance when compared to Ethereum, he said: “Yeah, Yeah. If you see even now, everybody’s [been] there for the last two years, and I don’t see ...

The vote was passed to fully collateralize Frax Finance's native stablecoin, thus phasing out its algorithmic backing. The community of decentralized finance stable coin protocol Frax Finance has voted to fully collateralize its native stable coin Frax (FRAX), marking an end to the algorithmic backing of the protocol. The FIP-188 governance proposal initially posted on Feb. 15 reached a quorum following a 98% vote in favor, according to a snapshot on Feb. 23 — which would change the collateralization model of FRAX. “The time has come for Frax to gradually remove the algorithmic backing of the protocol,” last week’s proposal read. Near unanimous vote to move $frax to 100% CR over time. Seems like @fraxfinance serious about making it clear it’s a stable worth holding with no incentive and completely backed with exogenous collateral. Will be interesting to see it scale$fxs https://t.co/fSQXpmsge3 — 0xChaos (@0xCha0s) February 23, 2023 It explained that the original protocol incl...

Written by: Gilbert Ng Gilbert is a well-known lawyer in Asia Pacific specialized in crypto space. He had led the legal and compliance functions in various crypto exchanges including Huobi and OKX, and had advised crypto projects and crypto funds accumulatively raised over US$200M. He is currently a practising lawyer at the High Court of Hong Kong SAR. Authorize WuBlockchain to publish this article Background 1. The Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 has passed on 8 Dec 2022 2. Under the New Bill, all Virtual Assets Service Provider (VASP), i.e., VA trading platform carrying business in Hong Kong will need to be licensed and regulated by SFC. 3. According to the Bill, Virtual Asset Service (VA Service) is operating a VA exchange which (a) offers to sell or purchase VA; or (b) introduced others to conclude sales or purchases of VA; AND client money or client VA are in possession of the VASP (directly or indirectly) during the course of prov...

Arbitrum has gradually started making noise again within the crypto ecosystem. The on-chain metrics of the Ethereum scaling solution have been refined by leaps and bounds of late. Right from the number of daily transactions to the volumes settled on the chain, Arbitrum ’s numbers have been hovering around their peak lately. Leaving aside the positive strides made on the aforementioned fronts, it is worth noting that an algorithmic stablecoin project based on Arbitrum was hacked on Tuesday. The official Twitter handle of the project alleged that a Nigerian national had carried out the scam and asserted that he “claimed everything” from the Genesis Protocol. he claimed everything from the genesis protocol — Hope Finance (💙,🧡) (@Hope_fin) February 20, 2023 Also Read – Fact Check: Has ChatGPT Released Its Native Cryptocurrency Token? Crypto security firm CertiK alerted the community by tweeting about the ~$2 million scam. It was ...

Kevin O'Leary believes U.S. Senators are “fatigued” and “pissed” at the cryptocurrency industry for having to deal with one blowup after another. Shark Tank investor and venture capitalist Kevin O’Leary has urged crypto exchanges to “get on board with regulation” if they want to “stay out of the way” of Gary Gensler and the United States Securities Exchange Commission (SEC). In a Feb. 20 interview with TraderTV Live, O’Leary said that U.S. lawmakers are “fatigued” over crypto collapses and that they’re only going to get more ruthless if companies continue to not comply: “You got to get on board with regulation, you got to stay out of the way of Gensler at the SEC and other regulators. Those hombres [men] in Washington are not happy. FTX poked the bear, the bear is awake, and it is pissed.” “These senators are really fatigued, they’re really tired of gathering every six months when the next crypto company blows up and goes to zero,” he said, adding “because they’re totally unregu...

The drop in exchange supply is positive weeks before the Shanghai upgrade. Over the past six months after Merge, exchange supply for Ether, the second-largest cryptocurrency by market size, has steadily declined. In September 2022, the Merge upgraded the Ethereum network from PoW to PoS. Santiment’s on-chain data shows that exchanges are losing ETH. The Merge reduced exchange ETH by 37%. Since exchanges have less ETH to sell, a steady fall in supply is optimistic. In September before the Merge, exchanges had 19.12 million ETH valued $31.3 billion. In the second week of February, the figure dropped to 13.36 million ETH, worth $19.7 billion. Source: Santiment With the Shanghai upgrade approaching, many traders prefer staking and ETH is being put into self-custody. Shanghai, Ethereum’s March update, Stakeholders and validators can withdraw their Beacon Chain holdings after the Shanghai hard fork. After the Shanghai hard fork, 16 million ETH, 14%...

Join Our Telegram channel to stay up to date on breaking news coverage With the market showing signs of recovery as Bitcoin gets close to its $25k target, people are now looking for great cryptocurrency investments. These trending cryptocurrencies defy the norms of traditional assets and deeply focus on utility which gives them the potential to have major upsides in the near future. But which top trending cryptocurrencies should you invest in? Top 10 Trending Cryptocurrencies There are cryptocurrencies trending on the price charts, and there are crypto assets trending on social media and available as presales. This section will cover both these asset types and highlight why they are trending and why they matter. 1. Fight Out Move to Earn cryptocurrencies are seeing a comeback with Fight Out. This Move-to-Earn crypto goes beyond the norms of just walking and introduces an app that tracks your every exercise, be it bodyweight training, weight training, combat training, or wel...