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Fight Out, the Web3 platform to level up health and earn its users rewards in the process, has raised $3,096,000 million in its presale. There are only three days left to go before the presale price of the FGHT token starts increasing in 12-hour intervals until the end date of 31 March. FGHT is the utility token of the best and newest move-to-earn platform in Web3. The token is currently priced at $0.0166 in the first stage of the fundraise – investors will need to move quickly to grab the cheapest price.  After all the 12-hourly price rise updates in the second stage have taken place, the token will, by 31 March, be valued at $0.0333, which is FGHT’s exchange list price. Analysts are predicting that FGHT will be one of 2023’s best-performing crypto assets. It could easily see a 10x price pump when it starts trading. FGHT has secured two exchange listings in April on LBank (5th) and BitForex (6th) – more to follow In welcome news for inv...

Source: MoonPay Crypto payments infrastructure provider MoonPay is taking over Web3 creative agency Nightshift which will re brand as Otherlife as part of the deal. The acquisition is to contribute to MoonPay’s plan of establishing itself as a one-stop shop for brand s interested in expanding to crypto, collectible tokens, and metaverse activities. “There was a big opportunity for us to come together and now be able to offer the end-to-end lifecycle support for big brand s,” said Ivan Soto-Wright, the CEO and co-founder of Moonpay, AdWeek reported. “Now we can go to any brand that has an idea or wants to enter Web3, and we can help them execute a full end-to-end strategy.” Following its re brand ing effort, Nightshift will keep its portfolio of brand customers which comprises Adobe, Shopify and Arsenal Football Club, among others, in addition to providing its services to a number of MoonPay’s existing clients. Last June, Mo...

From the macro perspective, Bitcoin Lightning Network’s capacity has consistently been inclining. In the beginning of Q4 last year, it surpassed the 5k mark, while it now stands at 5,220.59 BTC. For context, in January 2021, the capacity was hovering around 1k BTC. This means, the growth to the current $108.6 million mark has been achieved in just two years. Like shown below, the capacity acceleration picked up pace in mid-2022 when Bitcoin was attempting a recovery. Even though Bitcoin failed to progress on the price front, the Lightning Network kept growing, making the case for increased adoption. In the most basic essence, the Lightning Network aids users to send and receive Bitcoin faster with lower fees. The higher capacity, the better, for it connotes to more liquidity. Alongside the depicted growth, people from the space have been bullish on Bitcoin’s L2 technology. A couple of weeks back, the Executive Chairman of MicroStrategy, Michael Saylor, revealed th...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Manila, Philippines, 19th January, 2023, Chainwire BlockchainSpace CEO and Founder Peter Ing, Metasports CBO and Co-Founder Lars Hernandez, and Metasports CEO and Co-Founder Joe Josue are optimistic that the majority acquisition of Metasports will make waves in Web3 and bring great value to their stakeholders in the coming years. BlockchainSpace (BSPC), the leading data aggregator and infrastructure provider for guilds and Web3 projects, is confident that 2023 will be a banner year following the majority acquisition of Intellectual Property (IP) House, Meta sports . Peter Ing, Chief Executive Officer and Founder of BSPC, believes the synergistic partnership with Metasports will bring more value to the partner guilds under BSPC’s flagship product, Guild Hub, and give Metasports an unbridled springboard to high-impact W...

Join Our Telegram channel to stay up to date on breaking news coverage Digital Currency Group, one of the largest companies in the crypto industry, has suspended dividends until further notice. The company has said that the current market conditions necessitated the decision. DCG suspends dividends DCG sent out a letter to shareholders saying that the company was focused on strengthening its balance sheet by lowering expenses to sustain liquidity. One of the ways that the company planned to achieve this is by suspend ing dividend s. “DCG has been focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity. As such, we have made the decision to suspend DCG’s quarterly dividend distribution until further notice ,” the company said. DCG is also considering selling some assets in its portfolio. DCG affected by Genesis woes DCG owns several crypto companies, including the troubled crypto lending platform Genesis Global Tr...

The top two crypto assets have risen significantly in the past seven days, with bitcoin jumping 22.6% and ethereum increasing 18.6% against the U.S. dollar. According to market data, both crypto assets saw the largest increase on Saturday, Jan. 14, 2023. The sudden spike in value caused the highest ratio of short liquidations vs long liquidations since July 2021, according to a recent Alpha report from Bitfinex. Bitfinex Analysts See a Cautious Approach From Bulls as Market Remains Highly Illiquid Despite Price Surge Bitcoin (BTC) and ethereum (ETH) prices have risen significantly against the U.S. dollar, causing a cascade of short liquidations on Jan. 14. The cryptocurrency exchange Bitfinex discussed the matter in its most recent Alpha report #37. When a trader opens a short position against bitcoin or ethereum, they expect the price of the crypto assets to decline in the future. However, if bitcoin’s price climbs quickly, short traders either get liquidated or must buy back...

Image Source: CNBC Global investment firm SkyBridge Capital is betting on Bitcoin reaching the $35,000 price level by the end of 2023 on the back of a sustained turnaround in the crypto market.  While admitting this view was "overly bullish," SkyBridge Capital founder Anthony Scaramucci said the recent crypto rally could further gather momentum with the upcoming Bitcoin "halving," which happens every 4 years and cuts the number of new bitcoins released by half.  "If bitcoin could trade back to $35,000, SkyBridge is going to have an amazing year," Scaramucci reportedly told the Reuters Global Markets Forum in Davos, Switzerland. Historically, Bitcoin halving has been followed by periods of higher prices as the event effectively slows down the supply of BTC onto the market. While it is not possible to exactly know when the next halving will occur, experts point to May 2024 as an anticipated date. SkyBridge is among the few investment firm...

1. Investment bank Jefferies downgraded its rating for bitcoin miner Marathon Digital Holdings (MARA) to “hold” from “buy” due to construction delays. Jefferies expects all of Marathon’s ordered machines, which total 23 EH/s of computing power, to be running at the end of 2023, instead of the company’s projected mid-year. The bank also lowered its price target to $4 from $12.50.（CoinDesk） Read more 2. Hive Blockchain (HIVE) earned $3.15 million, or the equivalent of about 184 bitcoin, by curtailing its power use in December whereas it mined 213.8 BTC for the month. Hive also deployed the first machines that it has designed itself using Intel’s Blocksale chips. Hive mined the equivalent of 4,752 BTC throughout 2022, up 18% compared to the previous year.（CoinDesk） Read more 3. Core Scientific, the bitcoin miner that filed for Chapter 11 bankruptcy, generated 1,356 and 1,435 bitcoins in November and December, respectively, with a self-mining hashrate of 15.4 EH/s and 15.7 EH/s. In additio...

Join Our Telegram channel to stay up to date on breaking news coverage Aptos continued to pump this week. In this article, we evaluate the price Analysis of Aptos and a potential Aptos price prediction for 2023. This week has seen a lot of optimism in the cryptocurrency markets, and it’s likely that Aptos is currently headed for a significant recovery. Aptos has recently proven strong potential, and you should assess whether this is a good long term investment. The full Aptos price prediction in the video above, follow his YouTube channel for more crypto price predictions. About Aptos Aptos is a highly scalable Layer 1 blockchain that was developed by a team of former Diem engineers. This team came together to overcome the concerns of reliability, safety, and usability that are holding back the widespread adoption of blockchain solutions. From the official Twitter of Aptos Network has announced their first ever Aptos Twitter Spaces in Mandarin. Aptos NFTs are b...

This week in crypto: a top financial services lawyer talked about what kind of businesses would survive the crypto winter, crypto boss Mike Novogratz said its time to cut costs and survive this ‘transition period’, Mark Cuban was looking to buy more bitcoin, Group One Trading took a “beneficial” position representing 13% of bitcoin bull Michael Saylor’s company MicroStrategy, and Ethereum developers planned to launch the Shanghai testnet by the end of February. The former president of FTX US said he would share more details regarding the exchange when the time is right, new revelations suggested close links between FTX founder Sam Bankman-Fried and some of his major backers, a lawyer said  FTX recovered over $5 billion that may be used to repay creditors, and Bankman-Fried continued to blame Binance for the collapse of his crypto empire. In the meantime, Wintermute paid its 36 British staff a total of $83 million in 2021, suggesting...

Bitcoin continued to trade higher on Jan. 13, with prices racing above the $19,000 level, hitting a two-month peak in the process. The latest surge comes as traders continued to react to Wednesday’s U.S. inflation report, which dropped to 6.5%. Ethereum also rose today, hitting a fresh multi-month high. Bitcoin Bitcoin (BTC) rallied to a two-month high earlier in today’s session, as prices climbed above the $19,000 mark. Following a low of $17,995.20 on Thursday, BTC/USD moved to a peak of $19,031.80 earlier in the day. As a result of the move, the world’s largest cryptocurrency climbed to its strongest point since November 8, when price was above $20,000. BTC/USD – Daily Chart Looking at the chart, the rally came as the 14-day relative strength index (RSI) rose to a peak of 82.00, which was its highest mark in over a year. In addition to this, the upwards trend on the 10-day (red), and 25-day (blue) moving averages continued to mature, thus extending ...