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The Fight Out presale continues to move rapidly as it heads towards its close at the end of March. Earlier this week the project moved past $4 million in investment with purchases continuing to fly in. Buyers are moving quickly with the price of FGHT tokens increasing every 12 hours to a max of $0.0333 on March 31, 2023. Fight Out will then host its IEO on April 5, 2023, with BKEX, BitForex, Changelly Pro, Uniswap and LBank already confirming listings. Buy FGHT Tokens Now Innovative and Disruptive Fight Out’s innovative app is set to massively disrupt the fitness and move-to-earn industries, offering revolutionary ways to earn rewards while working out. The M2E space is currently worth a combined $500 million and is dominated by STEPN, which has a market cap worth more than $300 million. However, Fight Out has several notable advantages over that project. At its peak in April 2022, STEPN had a market cap of more than $2 billion, but complaints from the communit...

Pixabay/Angelo_Giordano A 7.8 magnitude earthquake sent shockwaves across Turkey and Syria on Monday. The incident has been coined the 'deadliest in a decade'. Caused by a 100km rupture at the East Anatolian fault, the epicentre was 26km East of Nurdagi. Only the third earthquake on the strike-slip fault to measure above 6 on the Richter scale since 1970. So far authorities have confirmed 3,700 deaths. Expectations of this number rising are abundant as survivors battle freezing winter conditions. How are the crypto community responding? Twitter has rallied around the disaster. And crypto twitter is no exception as influencers rush to offer support and prayers. One Turkish crypto trader has even begun soliciting crypto donations. Claiming they will be sent directly to local friends of NGOs. A smart move, Giving Block says that $11,000 is the average size crypto donation. This far exceeds traditional fundraising efforts. This includes Changpeng Zhao (known as ...

Image Source: Pixabay India's largest retailer Reliance Retail has announced plans to accept payments in the digital rupee in a move that could boost the nation's adoption of CBDCs. The retail chain has partnered with ICICI Bank, Kotak Mahindra Bank, and fintech Innoviti Technologies to add support for the digital rupee in its Freshpik line of stores across the country, TechCrunch reported Thursday, detailing that customers will be provided with a dynamic digital rupee acceptance QR code that they can scan and make the payment.  As per the report, Reliance Retail has rolled out the support for CBDC at its gourmet store line Freshpik and plans to extend the feature across other stores in the future. V Subramaniam, Director, Reliance Retail, reportedly said: “This historic initiative of pioneering the digital currency acceptance at our stores is in line with the company’s strategic vision of offering the power of choice to Indian consumers. W...

Shiba Inu (SHIB), one of the most popular Ethereum-based ERC-20 tokens and the second largest dog-inspired meme coin by market capitalization after Dogecoin, has come off the boil on Monday. SHIB/USD was last changing hands just over 3.5% lower on Monday in the mid-$0.000011s, now down about 10% from earlier monthly peaks near the $0.000013 level. Broad downside in crypto markets and across risk assets in the traditional finance space amid caution ahead of a massive week of macro risk events (including Fed, ECB and BoE meetings plus US jobs, ISM and Consumer Confidence data) is the main factor weighing on SHIB on Monday. But the crypto token is still on course to have gained a massive more than 43% this month, which would be its best month since October 2021, when it rocketed a stunning 830% higher. Where Next For SHIB? Since Shiba Inu’s break above its 200-Day Simple Moving Average (SMA) earlier this month – the first sustained break above this level sin...

Source: Tupungato/Adobe Police in Barcelona, Spain, have arrested five men after a gang tried to storm a crypto company “armed with taser guns and zip ties.” Per El Caso, officers belonging to the Mossos d’Esquadra – the Catalonian police force – swooped after the alleged would-be thieves were intercepted by the company’s owner.  The owner stepped in as the gang was attempting to bind and gag the concierge of the building where the company’s offices are located. Police said the incident took place in the afternoon of January 14. They explained that one of the gang had posed as a client with an appointment at the company to “gain access to the offices.” But when they were met with resistance, a struggle broke out as they tried to gain entry. Company workers then notified the company’s owner. The owner then called the police and attempted to apprehend the gang.  The thieves then, the police continued...

Source: TradingView The KAVA price has risen to $1.03 today, representing a 9% jump in the past 24 hours, as the wider cryptocurrency market suffers its first notable drop in over a week. KAVA's current price also represents a 38% gain in seven days and 52% jump in the last 30, with the layer-one coin surging mostly because of yesterday's announement that Coinbase will be listing it. Yet Kava is also witnessing considerable organic growth as a smart contract platform, with more protocols developing on it with each passing week. As such, the combination of new listings and adoption could make KAVA one of the best-performing altcoins of the next few months, if not of 2023. Kava Price is 9% Higher at $1.03 Despite Red Day for Most Coins - Good Time to Buy? If you look at KAVA's chart, you'll quite easily noticeable a very pronounced jump at around 6pm yesterday, roughly the time it was announced that Coinbase is listing the altcoin. Source: TradingView ...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com For the past few months, cryptocurrency prices have relatively gone in the inverse direction to the U.S. dollar. And as inflation begins to ease, the U.S. Dollar Index (DXY) has also seen losses. Here’s why coin prices are benefiting from this reversal and what investors might expect.  Fed Monetary Policy Affects Dollar Index At press time, the U.S. Dollar Index currently stands at 102.31. The Index is experiencing a downtrend of 0.23% in the past 24 hours, further continuing the greenback’s slide against other major currencies. Already, the Japanese yen is looking especially attractive to investors, with the currency hitting a seven-month high against the greenback.  The drop in the dollar value is coming as investors’ risk appetite starts to grow once more. All through 2022, inflation was the bi...

Source: AdobeStock / Andrea Izzotti Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Politics news US House Republicans will establish a new subcommittee dedicated to cryptocurrency, according to Politico. The subcommittee on digital assets, financial technology, and inclusion will be chaired by Representative French Hill. Incoming Financial Services Chair Patrick McHenry said in an interview that he plans to create the panel because he believes there is “a big hole in how we structure the committee” as it spends more time grappling with crypto topics. Stablecoin news The Central Bank of Iran is working with Russia to create a “token of the Persian Gulf region,” Vedomosti reported, citing Alexander Brazhnikov, executive director of the Russian Association of Crypto Industry and Blockchain (RACIB). This new stablec...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com After approaching the $5,000 price peg in 2021, Ethereum struggled for most of 2022. Despite this, Ethereum remains a significant player in non-fungible tokens (NFTs), decentralized finance (DeFi), and even metaverse ecosystems. Ethereum is one of the biggest gainers in the crypto market today. The asset recently clinched another major price milestone, with the possibility of earning even more gains going forward. However, with a major upgrade to the Ethereum network on the way, how do the asset's prospects look? ETH Price Action  At press time, ETH trades at $1,319. The digital asset's price is up by 2.29% in the past 24 hours, which is in line with the broader market's gains, which have hit 3.4% in the same period.  The gains available in ETH have also led to a bolstering of its technicals. ETH is still traili...

The big news of the day today potentially impacting crypto prices in the near term is that US regulatory agencies issued their first ever warning to banks about cryptocurrencies, releasing a joint statement on the risks that cryptocurrencies pose to financial institutions. "The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector," reads the statement from the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC). The statement mentions risks such as fraud, volatility, contagion, and problems related to consumer protection, noting that these risks must be managed or controlled to prevent them from impacting the financial system as a whole. While they indicated that banks are not forbidden from offering services to any particular group of customers, the agencies cautioned that issuing or holding crypto assets is proba...

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...

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...

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 ...