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Bitcoin cash jumped to a fresh seven-month high on Tuesday, as prices rallied, despite bearish sentiment increasing. Today’s move comes as the global cryptocurrency market cap is trading 1.50% lower at the time of writing. One of the most notable tokens to fall has been polygon, which dropped for a fourth straight day. Bitcoin Cash (BCH) Bitcoin cash (BCH) surged to a fresh multi-month high on Tuesday, despite sentiment in crypto markets turning bearish. Following a low of $143.19 to start the week, BCH/USD moved to an intraday high of $152.71 in today’s session. As a result of this surge, bitcoin cash moved to its highest point since July 31, which is the last time price was above $150.00. BCH/USD – Daily Chart Overall, BCH is up nearly 20% in the last seven days, with today’s gains following a breakout on the relative strength index (RSI). Price strength moved beyond a ceiling at 68.00, and at the time of writing, is tracking at 69.88. Despite the n...

What is Interlay? Interlay is a blockchain technology company that aims to connect different blockchain networks and enable the seamless transfer of assets between them. Interlay focuses on building interoperability solutions that allow users to move digital assets between different blockchain platforms, such as Bitcoin, Ethereum, and Polkadot. Furthermore, Interlay has developed a protocol called XCLAIM, which is an open-source solution for cross-chain asset transfers. XCLAIM aims to simplify the process of transferring digital assets between blockchains. It uses a trustless, decentralized system that eliminates the need for intermediaries. XCLAIM uses a collateralized system to ensure that assets are securely transferred between blockchains. It also enables users to earn rewards for providing liquidity to the system. Interlay also offers a service called PolkaBTC. It is a trustless way of locking Bitcoin on the Bitcoin network and minting a corresponding amount of PolkaBTC on the Pol...

A crypto analyst that a lot of people pay attention to is pointing out a key price level that king crypto Bitcoin (BTC) must break through to keep going up. Cryptocurrency trader Rekt Capital tells their 335,600 Twitter followers that Bitcoin must end the week above $23,744 for its upward trend to continue. “BTC retest is now in progress Ultimately, a Weekly Close above this key area is what BTC needs to achieve to break this confluent area of resistance to continue moving higher.” Source: Rekt Capital/Twitter Rekt claims that Bitcoin (BTC), which is now trading for $23,400, has to rise a bit more in order to validate its upward trend relative to the 200-week moving average (MA). “BTC has performed a picture-perfect rejection at the 200-week MA BTC needs to reclaim this MA as support to enjoy strong trend continuation.” Source: Rekt Capital/Twitter Next, the analyst looks at the utility token of the COTI payments infrastructure platform ...

According to cryptocurrency Analysis firm Santiment, Dogecoin (DOGE) social sentiment has reached levels not seen since October 2022. At the time, Tesla CEO Elon Musk finalized his deal to purchase the social media platform Twitter. DOGE investors were ecstatic in hopes that the platform would incorporate the token, given that Musk is one of the biggest DOGE proponents in the world. The last time DOGE’s social sentiment was this high, the asset’s price pumped by 160%. Santiment notes how such social volumes create positive sentiment towards the currency, and the euphoria leads to price tops. As per Santiment, hype around Dogecoin (DOGE) has historically foreshadowed market corrections. 🐶 This pattern of social volume and highly positive sentiment toward # Dogecoin perfectly illustrates how euphoria creates price tops. Regardless of your opinion on $DOGE, hype on this asset in particular historically foreshadows market corrections. https://t.co/vkUx1AAeix htt...

Yuga Labs , the team behind the famous Bored Ape Yacht Club ( BAYC ) NFT collection, is under scrutiny for its infamous, iconic wolf skull logo. The wolf skull logo has been an iconic trademark of the BAYC collection ever since its launch. Also read: Instagram to Start Selling Verification However, in one of the most recent accusations, Yuga Labs has been accused of allegedly using the skull image without the proper licenses. According to the details released by a Twitter user named COLOMBO, the wolf skull was released by a company called Easy Drawing Guides, a platform that helps children and beginners to draw with simple tutorials. Bro @BoredApeYC @yugalabs what a fucking joke bahahahahaha you got some explaining to do. 4/5/21 and your kennels came out 6/21 and you went and trademarked this skull. Are you guys ok or have you bumped your heads? https://t.co/HiLFdbnFL5 pic.twitter.com/FJigzJgBr8 — COLOMBO (@Jdotcolombo) February 17, 2023 Twitter user points out dat...

Join Our Telegram channel to stay up to date on breaking news coverage What – Mt. Gox, a popular crypto exchange, went bankrupt due to a hack that crippled its financial standing. Why – The exchange and many of its investors lost their BTCs. What Next – A recent update on the bankruptcy proceeding is that one of its top creditors has opted to receive an early payout option. Mt. Gox crypto exchange and many of its investors lost their BTC. The lost amount was $473 million but is now $20 billion at the current market rate. Bankruptcy is not a new occurrence in the crypto industry. Last year, 2022, saw many crypto exchanges, such as Celsius, Voyager Digital, FTX, and Three Arrow Capital, go out of service due to mismanagement of funds and loss of revenue. Top Creditor Chose to Lose Now According to a Bloomberg report , Mt. Gox Investment Fund is the top creditor of the crypto exchange opting for early payout. This choice means it is willing to accept lo...

Join Our Telegram channel to stay up to date on breaking news coverage The fear of missing out (FOMO) seems to be catching up with investors as they scamper to fill their bags with CFX, the token powering Conflux, a hybrid blockchain-based out of China. In just 30 days, Conflux price has gained over 500% in value to trade at $0.16 at the time of writing. Some people have expressed optimism that CFX will grow to become the “Ethereum of China.” Being a hybrid blockchain, Conflux combines the best of proof-of-work (PoW) and Proof-of-Stake (PoS) consensus algorithms. (2) Leigh Diprose ♊ on Twitter: “I’ve been posting about $CFX since before it launched. People who make a team. They build the tech and change the world. I’m still in belief that @Conflux_Network will be the ETH for China. Just wait till the shipping industry moves over to Conflux Network. @CamillaCaban” / Twitter Conflux Price Explodes but Is a Retracement Beckoning? Conflux...

EU (European Union) Banks have been told by the ECB (European Central bank) to apply caps on their Bitcoin (BTC) holdings before global norms take effect. The global norms will be set by the Basel Committee on Banking Supervision (BCBS). Cryptocurrencies have not yet made a big impact on the banks of the EU. However, the ECB advised them to recognize the investments as risky and immediately limit holdings. In a newsletter from Wednesday, the ECB said if the banks wish to engage with the cryptocurrency markets, they should “comply with the standard.” The BCBS suggests giving unbacked digital assets like Bitcoin (BTC) a maximum risk weight of 1,250%. Banks must issue as much capital as they hold in cryptocurrencies. Additionally, they would be prohibited from owning cryptocurrency in quantities greater than 1% of their Tier 1 core capital. Moreover, according to an ECB study released on Wednesday, distributed ledger technology is little implemented across ban...

The viral chatbot developed by OpenAI is set to become a major part of the Microsoft search engine. With many expecting Google to face some newfound search engine competition, the ChatGPT -powered Bing already has a million people on its waitlist . The massive fanfare surrounding the AI chatbot is nothing new for the program. It quickly became the fastest-growing consumer app in history after a million people used the system in just one week. Now, that popularity has developed an intriguing wrinkle in a potential search engine war. We're humbled and energized by the number of people who want to test-drive the new AI-powered Bing! In 48 hours, more than 1 million people have joined the waitlist for our preview. If you would like to join, go to https://t.co/4sjVvMSfJg! pic.twitter.com/9F690OWRDm — Yusuf Mehdi (@yusuf_i_mehdi) February 9, 2023 Microsoft’s Search Engine Winning Big from ChatGPT It has undoubtedly been one of the biggest stories of the year, as C...

With the tough conditions that faced Bitcoin miners last year, Iris’ co-founder said the purchase was a “significant milestone” for the company. Australia-based Bitcoin (BTC) Mining company, Iris Energy, revealed it will nearly triple its Mining capacity with the addition of thousands of Mining rigs. On Feb. 13 the firm said it purchased an additional 4.4 Exa Hashes per second (EH/s) worth of Bitmain Antminer S19j Pro ASIC miners bringing its self-mining capacity to 5.5 EH/s from 2.0 EH/s. Based on the S19j Pro’s maximum hashrate of 100 Tera Hashes per second (TH/s), the purchase adds an estimated 44,000 miners to its fleet, according to Cointelegraph’s calculations. Daniel Roberts, Iris’ co-founder and Co-CEO said the purchase “is a significant milestone” for the company and added its been a “challenging period for both the industry and markets more generally.” Iris said the new miners will be installed in the company’s centers but did not mention in which locations. The firm operat...

Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another U.S.-based crypto exchange, completed with the U.S. Securities and Exchange Commission (SEC), also criticize the institution’s approach to the issue. Coinbase Defends Its Staking-as-a-Service Program Coinbase, one of the leading U.S.-based cryptocurrency exchanges, has published a blog post differentiating its staking-as-a-service program from others in the market, and clarifying that, for the institution, this kind of service does not constitute a security offering. In a blog post published on February 10, Paul Grewal, chief legal officer of the company, states how getting this point wrong in regulation may affect the whole crypto industry in the country. The article explains the stance of the company on the issue, stating: Staking is no...

Source: Adobe/ink drop China has launched a state-backed research center dedicated to exploring blockchain’s potential and achieving core technological breakthroughs related to the technology.  According to a recent report from the local Chinese outlet South China Morning Post, the country's Ministry of Science and Technology has approved the construction of the National Block chain Technology Innovation Centre, which is tasked with researching block chain technology for industrial applications as well as how it could be applied in the national economy. Based in Beijing, the center "will focus on areas of blockchain regarding fundamental theory, software and hardware, with the aim of developing related key technologies and industrial applications," the report said.  The Beijing Academy of Blockchain and Edge Computing (BABEC), an entity popular for developing the Chang’an Chain or ChainMaker blockchain, will lead the research center....

The milestone is another step on the road to the Shanghai upgrade, which remains scheduled for March. The Ethereum Foundation team announced another milestone on the road to the Shanghai upgrade, with the Shapella Fork on the Zhejiang testnet moving into the final pre-launch sequence, according to a blog post on Feb 10. The Shapella transition includes "many Features ," and "most importantly to stakers and the consensus-layer, is the enabling of withdrawals," notes the post, adding that: "Full withdrawals will be available for exited validators, whereas partial withdrawals will be available for active validator balances in excess of 32 ETH."  As per the announcement, validators to participate in withdrawals must have a 0x01 execution-layer withdrawal credential. "If a validator currently has a 0x00 BLS withdrawal credential, they must sign a change operation to 0x01 to enable withdrawals," notes the Ethereum team.  Shapella refers to two Ether...

Regulators in Argentina are mulling the inclusion of stringent requirements in their next cryptocurrency regulatory framework. According to reports, institutions like the national securities regulator, the CNV, will be studying the inclusion of proof-of-solvency requirements for exchanges and custody institutions in Argentina, in the wake of the demise of leading cryptocurrency exchange FTX. Cryptocurrency Exchanges Might Have to Complete Proof-of-Solvency Procedures by Law in Argentina The government of Argentina is preparing to launch a set of stringent regulations that crypto companies will have to comply with to operate in the country. According to reports from Bloomberg, the national securities regulator (CNV) is mulling the introduction of proof-of-solvency requirements for institutions handling cryptocurrency deposits for third parties. The regulation that is currently being worked on will be focused more on the activity of exchanges and less on the classification of crypto a...