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2022 was an eventful year for the crypto world but not everyone came on top of it, we look at some of the biggest winners and losers from 2022. 2022 was supposed to be the year crypto went mainstream, with a significant chunk of traditional venture capital firms betting heavily on the ecosystem in 2021. However, with one disaster after another, 2022 turned out to be a catastrophic year for the nascent crypto ecosystem. Some of the biggest names touted as pivotal to taking the crypto ecosystem forward turned out to be the orchestrators of its worst year in recent memory. That said, quite a few protagonists rose to the occasion. These winners proved that crypto is not just about a few select individuals and companies but a vibrant ecosystem that can survive significant setbacks. Let’s start with some of the biggest winners of the crypto ecosystem in 2022. The list includes individuals, companies and anonymous groups working for the betterment of the industry. The winners In a year that ...

Join Our Telegram channel to stay up to date on breaking news coverage After the fall of Terra/Luna in May 2022, authorities started to scrutinize stablecoins even more. As a result, many countries came to the conclusion that restrictions must be placed on stablecoins that were backed by the U.S. dollar, like Tether (USDT) and USD Coin (USDC). However, things are now looking up. Japan is planning to lift its ban on the domestic distribution of dollar-backed stablecoins that are issued overseas. Financial Services Agency (FSA) took this decision after reviewing the ordinances that are passed by the Cabinet Office. Read ahead to know how the lifting of the ban on stablecoins would affect the crypto world . Japan on its Way to Lift its Stablecoin Ban The Financial Services Agency (FSA) of Japan officially made an announcement on December 26, 2022, that it would come out with a draft system and guidelines for the circulation of stablecoins that are linked to currencies such as ...

Source: AdobeStock / rabbit75_fot Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________  Adoption news Technology company  MicroStrategy  executive chairman Michael Saylor shared in a Twitter Spaces event on Wednesday the company plans to release Bitcoin Lightning Network-powered software and solutions in 2023. He said that MicroStrategy is exploring, among other things, solutions that “support” enterprise marketing and a cybersecurity solution for corporate websites. The Chinese government announced a plan to launch a state-backed marketplace for non-fungible tokens (NFTs) and digital assets copyrights next week, according to local news outlet Sina News. The government partnered with the Chinese Technology Exchange , Art Exhibition China , and Huban Digital Copyrights Ltd to launch the new platform. A ceremony celebrati...

Sports players, movie stars, models, musicians; the gang's all here, with more celebrities entering the blockchain space with each passing month. Will that trend continue in 2023? The crypto world is still developing at lightning speed. The adoption of projects built on blockchain technology has increased tremendously in 2022, and this is partly due to the celebrities who have contributed to it. Thanks to these well-known people, crypto-related projects have reached a large audience, through their social media accounts and the many news outlets that wrote about them. The developments in cryptocurrencies, nonfungible tokens (NFTs) and metaverse platforms have led to new ways people can make money and alternative methods to consume art and entertainment. They have also led to innovative ways people can communicate and interact with one another online. For example, people can even connect with their idols in this digital meeting place. But are there any celebrities left in the crypto...

Source: AdobeStock / Alexey Octopus Network , a multichain cryptonetwork built on NEAR Protocol , has laid off some 40% of the core team and lowered pay for the rest due to the ongoing crypto winter - a cold wave that will not be ending for at least another year, argued the project's founder Louis Liu.  The string of companies announcing layoffs in the cryptoworld, citing the prolonged sour market conditions, is only getting longer. Among the latest is Octopus Network which announced a set of restructuring measures and what it named the ‘Voluntary Separation Program’. As part of this program, 12 of 30 members of the core team would leave the project and would be given "proper compensation."  And that's not all the cuts they're making. The announcement penned by the project founder stated that, "The remaining team members will accept a 20% salary cut, and the team token incentive will be suspended indefinitely." This measure was necess...

Shiba Inu price hangs in the balance following news that Pumpkin, the original dog behind the meme coin, is unwell. The dog's state touches the community, with most wishing her a quick recovery. Some enthusiasts are offering to pay for the dog's medical expenses. Shiba Inu Price Prediction with SHIB In the Buy Zone Shiba Inu price, like its peers in the market, is in the red ahead of the New Year. Buyers have set camp at $0.000008 as SHIB exchanges hands at $0.00000830. A rebound may stem from the demand area between $0.00000771 and $0.00000822. Following the recent oversold conditions exhibited by the Stochastic oscillator, Shiba Inu price recovery could gain momentum. Moreover, the extended downtrend in 2022 SHIB has formed a falling wedge pattern likely to lead to a trend reversal. The falling wedge is a bullish pattern, implying that an upside price action is on the horizon. Traders must wait for Shiba Inu to break above the upper trend line to confirm a...

The S&P 500 may try to move up in the short term and that could trigger a recovery in Bitcoin and select altcoins. The cryptocurrency Markets are trading at record low volatility as investors have largely stayed away during the holiday season. That could be because investors are unsure about the Cryptocurrencies that could lead the next bull run. Cumberland senior research analyst Steven Goulden said in a “Year in Review” report that he expects four “emerging narratives” to lead the crypto space over the next six to 24 months. Goulden anticipates growth in nonfungible tokens, Web3 apps and games. He expects export-oriented nations to add Bitcoin (BTC) and Ether (ETH) as reserve assets and if that happens, it could be a huge positive. Daily cryptocurrency market performance. Source: Coin360 Jared Gross, head of institutional portfolio strategy at JPMorgan Asset Management, holds a different view. While speaking to Bloomberg, Gross said that the bear market had broken the notion tha...

Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, says bitcoin is a good investment. The billionaire wants the price of the cryptocurrency to fall further so he can buy some more. Meanwhile, he insulted gold investors, calling them “dumb as f***.” Mark Cuban Prefers Bitcoin Over Gold Shark Tank star and the billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, shared his thoughts about bitcoin and gold in an episode of the “Club Random” podcast, hosted by comedian Bill Maher and scheduled to be aired Monday. Maher said he is “very anti-bitcoin” and believes in the value of gold. Commenting on gold investing, the Dallas Mavericks owner opined: If you have gold, you’re dumb as f***. The podcast host proceeded to argue that gold “never goes away” and is “like a hedge against everything else.” Cuban replied: No, but it’s not a hedge against anything, right? What it is is the sto...

On December 24, as investors prepare for the Christmas season, the cryptocurrency market is relatively quiet. Bitcoin's price remained stable on Saturday, hovering around $16,750. Although you can trade Bitcoin during the holidays, price action is likely to be limited. According to Hashrate Index, the total liabilities of publicly traded Bitcoin (BTC) mining companies exceed $4 billion. According to a statement released by the business on September 30th, Core Scientific's liabilities stood at around $1.3 billion. During this bear market, the price of bitcoin mining has fluctuated significantly, as evidenced by the recent bankruptcy of Core Scientific. Hashrate Index reports that Core Scientific, the top public BTC miner by hashrate, has been struggling under debt for several months, unable to pay off monthly debt service payments. Binance Aims to Invest in India's Web3 Startups and Hire Top University Graduates Rohit Wad, CTO of Binance, sees India as a ...

NFTs were expected to boom this year. Sadly, the fervor that the industry started off with did not persist throughout the year. While this came as a blow to the industry, a few OpenSea artists had to deal with the abrupt blocking of the platform. As per recent reports, a whopping 30 artists as well as collectors were banned from OpenSea. All of them were from Cuba. Therefore, the latest ban was affirmed to be due to the sanctions imposed by the United States. It should be noted that the largest NFT firm is headquartered in New York. Speaking about the same, an OpenSea spokesperson reportedly said, “We comply with U.S. sanctions law. Our terms of service explicitly prohibit sanctioned individuals, individuals in sanctioned jurisdictions, or services from using OpenSea.” The NFT platform even confirmed that Cuban artists weren’t the only ones facing a ban. OpenSea pointed out that artists and collectors from Venezuela, Iran as well as Syria were subject to this policy....

The governor of India’s central bank, the Reserve Bank of India (RBI), has warned that the next financial crisis will come from cryptocurrencies, like bitcoin and ether. The central bank chief added that cryptocurrencies pose “huge inherent risks” to India’s macroeconomic and financial stability. Indian Central Bank Warns About Crypto Causing the Next Financial Crisis Reserve Bank of India (RBI) Governor Shaktikanta Das warned about the danger of cryptocurrency Wednesday. The central banker cautioned: Cryptocurrencies have … huge inherent risks for our macroeconomic and financial stability. The RBI is primarily concerned about cryptocurrencies having no underlying value, Das clarified, emphasizing that crypto is “speculative” and should be banned. Indian authorities refer to any non-government-issued cryptocurrencies, such as bitcoin and ether, as “private” cryptocurrencies. Commenting on crypto trading, Das said: It is a hundred per...

Cryptocurrency prices mostly consolidated on Thursday, ahead of upcoming GDP figures from the United States. Bitcoin remained close to the $17,000 level in today’s session, with the global market cap trading 0.01% lower as of writing. Ethereum was largely unchanged, as prices continued to trade above $1,200. Bitcoin Bitcoin (BTC) continued to consolidate ahead of this afternoon’s third quarter GDP data from the United States. This afternoon’s figures are expected to show growth of 2.9% in the quarter, as inflation in the U.S. began to slow down. BTC/USD hit a high of $16,895.71 ahead of the data release, which is marginally higher than Wednesday’s bottom at $16,755.91. BTC/USD – Daily Chart Looking at the chart, today’s consolidation comes as the 14-day relative strength index (RSI) continued to hover near a support point at 46.00. As of writing, the index is tracking at the 46.49 level, and could be set to break out of this point at any ...