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Despite macroeconomic headwinds and regulatory crackdowns on crypto, Bitcoin is made a new high for 2023. The price of Bitcoin (BTC) has reached a new 2023 high of $25,000. The milestone comes after a surge in Bitcoin's price over much of January. The last time Bitcoin’s price was around $25,000 was near mid-June 2022 on its way down to between $19,000 and $21,000, where it had hovered for several months, according to data from CoinGecko. The price of BTC has increased double digits over the last 24 hours to reach the $25,000 milestone. The price of BTC however took a big dip in November following the FTX crisis, which saw it drop to a 2022 low of $15,742 on Nov. 10. 2022. The price began to surge in early January, when the price of BTC increased over 14 consecutive days between Jan. 4-17. That daily green candle streak was its second longest in the cryptocurrency’s 14-year history — having fallen one day short of its 15-day record in November 2013. Related: Bitcoin price correc...

France’s top modern art museum will showcase NFTs from collections like CryptoPunks and Autoglyphs. In this week’s newsletter, read about how France’s top contemporary art museum will display nonfungible tokens (NFTs). Find out why a founder of the Bored Ape Yacht Club (BAYC) copycat project, RR/BAYC, is opposing trademark applications from Yuga Labs. Check out how NFTs based on Ethereum lost 60% of their market capitalization, and learn how Bitcoin (BTC) non-zero addresses surged because of Bitcoin NFTs. And don’t forget this week’s Nifty News, featuring American socialite Paris Hilton launching a dating metaverse called Parisland.  France’s top modern art museum to display CryptoPunks, Autoglyphs NFTs The Centre Pompidou, the leading modern art museum in Paris, France, announced a permanent exhibition of NFTs. The museum will showcase NFTs from various global digital artists, including CryptoPunk #110 and Autoglyph #25. According to Xavier Rey, director of the French National Muse...

Join Our Telegram channel to stay up to date on breaking news coverage Recently, rumors emerged that Paxos Trust, a regulated company that created the Binance USD (BUSD) stablecoin, received a notification from the US SEC that it is about to receive a lawsuit. The notice, known as Wells Notice, grants the receiver a 30-day period to build up a case and respond to the regulator with an explanation that would explain why the lawsuit should be dropped. The SEC has labelled BUSD as an “unregistered security”, and is suing its issuer, Paxos. But how on earth is a STABLECOIN considered a security, when it clearly doesn’t meet the Howey Test criteria. No one has ever had “the expectation of profit” when buying $BUSD. pic.twitter.com/QXOlDUyvc3 — Miles Deutscher (@milesdeutscher) February 13, 2023 However, less than 24 hours after the rumors emerged, another regulator — the New York Department of Financial Services (DFS) — got involv...

Bitcoin’s average block size has hit an all-time high of 2.5MB following the creation of the Ordinals protocol in January 2023. Bitcoin’s average block size has hit all-time highs above 2.5MB for the first time since its inception in 2009, driven by the launch of nonfungible tokens (NFTs) protocol Ordinals in January 2023. Block size data from Blockchain.com reflects a jump in Bitcoin block size from the beginning of February 2023, increasing over 2MB in the weeks following the launch of the Ordinals Protocol. The average block size over the past 24 hours in megabytes: Source: Blockchain.com As Cointelegraph previously reported, participants from the Bitcoin mining ecosystem have already made over $600,000 processing transactions of Ordinals, which have been dubbed as Bitcoin-based nonfungible tokens. Related:  Bitcoin hits record 44M non-zero addresses, thanks to Ordinals: Glassnode Software engineer Casey Rodarmor launched the Ordinals protocol in January, allowing the creation of...

Bitcoin bulls struggle to influence the trend as CPI nerves combine with already weak low-timeframe performance. Bitcoin (BTC) drifted toward major liquidity around the Feb. 13 Wall Street open as the dust settled on United States regulatory news. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC traders spread bids lower Data from Cointelegraph Markets Pro and TradingView showed BTC/USD $21,476 on Bitstamp, almost matching the weekend’s three-week lows. As analysts expected a “choppy” day prior to key U.S. macroeconomic data, news that Blockchain firm Paxos was being sued by the Securities and Exchange Commission (SEC) added to market nerves. BTC spot price action thus inched ever closer to a major area of bid liquidity on the Binance order book, something which Maartunn, a contributor to on-chain analytics platform CryptoQuant, dubbed “The Great Wall.” “'The Great Wall' (price support) on Bitcoin is placed at $21,500. This morning some bids got filled. Thereby...

Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining equipment. Abkhazia Creates Headquarters to Combat Illegal Crypto Mining Operations Police in Abkhazia are conducting daily raids to identify mining facilities that have been illegally connected to the power grid and inspect previously shut down crypto farms, the Ministry of Internal Affairs of the partially recognized republic in northwestern Georgia revealed in a press release. The department also said it’s closely monitoring the activities of individuals and entities providing services for the supply and maintenance of devices designed to mint digital coins in order to prevent the importation of mining hardware in the territory which is still banned. Furthermore, a republican headquarters to combat illegal crypto mining has be...

Join Our Telegram channel to stay up to date on breaking news coverage Play-to-Earn platform Meta Masters Guild,  one of the best ones to have come out this year, has crossed its $4 million target, and the MEMAG price can increase at any moment. Meta Masters Guild arrived at the end of 2022 and has been on the way to becoming one of the best crypto presales of 2023. This project employs a unique approach to Web 3 gaming, involving mobile devices and strategically implementing ‘fun” as a factor to entice more players. The Meta Masters Guild has seven presale stages, and with the recent crossing of $4 million, it is about to enter its last stage, where the price of one MEMAG token will increase to $0.023. Those who still want to be early movers and make gains from presale stage appreciation should buy MEMAG tokens now. Meta Masters Guild Presale Crosses $4 Million – Twitter Celebrates The crypto winter of 2022 brought a great level of negativity about cr...

The hype around the metaverse is still evident. However, it doesn’t seem to be working out for certain platforms. The leading tech firm, Microsoft decided to put a hold on its Industrial Metaverse project. In addition to this, the Microsoft Metaverse team was also being laid off. According to a recent report, Microsoft decided to scrap this project as it intends to lay its focus on short-term projects. The company believes that it will take these initiatives far less time to produce significant income as opposed to long-term projects. It should be noted that this project was started back in October. Within four months of its existence, the initiative was shelved. The Industrial Metaverse Core, a special metaverse team, primarily concentrated on settings found in industries. According to reports, it specifically sought to provide interfaces for controlling control systems in electrical power plants, robots, and transportation networks. A total of 100 members were work...

Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the un register ed offer of its staking services. The exchange will also pay $30 million in disgorgement, prejudgment interest, and civil penalties, as indicated by the regulator. Kraken To Pay $30 Million For Not Registering Staking Services Kraken, one of the largest U.S.-based cryptocurrency exchanges, has agreed to pay $30 million in disgorgement, prejudgment interest, and civil penalties to the U.S. Securities and Exchanges Commission (SEC) as part of a settlement for the un register ed offering of staking services. The settlement, made public on Feb. 9, 2023, also includes the discontinuation of the staking program that Kraken had been offering to its customers since 2019. Gary Gensler, chair of the SEC, explained that virtual asset service providers need to exercise compliance wh...

The ex-BitMEX CEO announces a BTC deployment "over the coming days" amid hope that the good times will last for crypto until the middle of the year. Bitcoin (BTC), Ether (ETH) and even nascent altcoins are a solid “buy,” a previously risk-off investor says. In a blog post released Feb. 8, industry stalwart Arthur Hayes announced a U-turn on his current crypto investment plans. Hayes changes tune on "risky assets" Current macroeconomic conditions stemming from the United States Federal Reserve previously made Arthur Hayes keen to avoid what he calls “risky assets.” As inflation slows and the Fed’s rate hikes with them, multiple new storms are brewing in the U.S., and the Fed, as well as Congress and the Treasury, will all steer the economy as they see fit, he says. The problem is guessing how these events will play out over the course of the year. For Hayes, 2023 could well be split into two halves, with H1 being an ideal investment environment for crypto. This runs...

The lotto, stock markets, or any other cryptocurrency would not have brought this much money in a short period. In less than three years of its launch, Shiba Inu created millionaires but unfortunately stopped making investors filthy rich after 2022. Investors who poured in a mere $100 during its inception saw their portfolio balloon to millions of dollars. SHIB made the Average Joe earn an income of a lifetime that could make other investors feel the heat. So, how could a mere $100 turn into $2.7 million in less than three years, you may ask? Well, here’s your answer! Also Read: Shiba Inu: 2 Investors Make $9 Million With $7,900 Investment $100 Investment in Shiba Inu Could Have Turned to $2.7 Million in 2023 Source: Unsplash Shiba Inu was launched at a modest price of $0.00000000051 on Aug. 1, 2020. A simple $100 investment would have fetched you 196,078,431,373 (196 billion) SHIB tokens during that period. SHIB deleted four ‘zeroes’ since then and r...

Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies (CBDCs) and corporate payment rails contribute to a new landscape. Nouriel Roubini Predicts Greenback’s Fall From Grace Nouriel Roubini, an economist known for the accuracy of his predictions regarding the 2008 housing crisis, has warned about the rise of a “bipolar currency regime” preceded by the demise of the U.S. dollar as a world currency. The Iranian-American economist, called “Dr. Doom” by some due to his pessimistic predictions, alerted readers in an article about the substitution of the U.S. dollar by the Chinese renminbi due to a series of actions that the Chinese government has been executing since the Covid lockdowns. Roubini states: Given the increas...

Join Our Telegram channel to stay up to date on breaking news coverage Synthetix (SNX) price witnessed an extremely volatile market a day after it recorded a massive surge in trading volume on January 20. The bears came into the market in their numbers to confront the bulls as they attempted to bag more profits for investors. On February 1, bulls took back everything the bears had taken from them, raising the price to a high of $2.72, which gave them an edge over their counterparts in the new month. Since then, bulls have not given any room for opposing forces, countering every attempt with a ton load of effort that has kept SNX price above $2.7. At the time of writing, SNX price was trading at $2.87 as bulls tried to build from the Monday gains. The token is up 12.5% in the last day, with a 24-hour trading volume of $120.97 million. Note that this trading volume is a 113.12% increase from what was recorded and points to rigorous on-chain activity on the Synthetix network. Sim...

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction reveals that BTC may break out of the current short-term pattern and move toward the $23,500 level. Bitcoin Prediction Statistics Data: Bitcoin price now – $23,061 Bitcoin market cap – $443.9 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $28,000, $30,000, $32,000 Support Levels: $20,000, $23,000, $21,000 BTC/USD is at the moment trading at $23,061 with a 0.54% gain since the beginning of today’s trading. The Bitcoin price may cross above the 9-day moving average. Moreover, for BTC/USD to remain above this barrier, it could make many traders feel that the $23,000 support level could be pretty strong. Bitcoin Price Prediction: Would BTC Price Break Higher The Bitcoin price could not ...

Join Our Telegram channel to stay up to date on breaking news coverage In a recent study, London has emerged as the world’s most crypto-ready city for business. The examination focused on eight key data points, all pointing to England’s capital and largest city as the most enticing region for crypto-related businesses and startups. Based on the study, mainstream cryptocurrency adoption requires the proper infrastructure to build upon, along with crypto-friendly regulations. These infrastructures will grant ecosystem access to the public. Accordingly, the research put the eight metrics as the basal infrastructure, including taxes, ATMs, jobs, and events in crypto, with all indicators putting London ahead of leading urban cities like Dubai, New York, Paris, and, most interestingly, Hong Kong, which ranked as the most crypto-ready country in 2022 but now takes seventh place. The result aligns with U.K. Prime Minister Rishi Sunak’s vision to “ensure the United Kingdom fi...