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Markets Insider reported JP Morgan Strategist, Mike Bell, stating that the biggest risk to the market in 2023 is if there is no recession after all. As the economy has feared a recessionary state in the U.S., the actions of the Federal Reserve could negatively impact how the economy reacts. Bell has stated that without a recession, current wage growth could force the Fed to raise rates more than expected. The action would be an attempt to combat inflation, which would lead both stocks and bonds to decline without rate cuts. JUST IN: JPMorgan says the biggest risk to the market is no recession at all. — Watcher.Guru (@WatcherGuru) January 31, 2023 Market in Danger Without a Recession? The current economic state of the United States is certainly a fragile one. Many are fearing for the worst, and preparing for such, as the economy reels following Federal Reserve interest rate hikes throughout 2022. Yet, JP Morgan Strategist Mike Bell has stated that the greates...

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Meta Masters Guild (MMG) is an innovative Web3 gaming guild and ecosystem that uses blockchain and Web3 tech to offer players an engaging experience. The game's token has seen immense success in its presale so far, raising over $2.1 million in just a few weeks MMG is a decentralized gaming platform based on the Ethereum blockchain and utilizes its own MEMAG cryptocurrency.  Gamers earn rewards such as in-game currencies and NFTs through guild activities. All games on the platform feature the $MEMAG token, which can be exchanged for the in-game rewards currency, Gems.  The distinction between crypto and in-game currency allows MMG's iOS and Android titles to be approved by Apple and Google app stores. Meta Masters Guild aims to create a unique Web3 gaming experience where players have control over their virtual assets and can earn rewards through active participation. The company prioritizes player enjoyment through meaningful rewards, and supports top-...

Join Our Telegram channel to stay up to date on breaking news coverage Advancements in the crypto market over the month have gotten investors very excited, and amidst this, some cryptocurrencies have received more attention than others. Avalanche is one such crypto token that has been investors’ favorite, and many are curious about its future. Today, we’ll take a look at the project, as well as make a few predictions about where it could land in the future.   What Is Avalanche (AVAX)? Avalanche is a decentralized finance platform that aims to provide faster, cheaper, and more scalable smart-contract services compared to other blockchain platforms. The platform is built on the Snow consensus protocol, which uses subnets or dynamic groups of validators working together to reach a consensus on the state of blockchains. This approach helps to reduce network traffic, increase customizability and ultimately speed up transaction confirmations. Avalanche explains how...

The majority of the funds stolen were from a single wallet which had $751,321.80 USDC drained from the malicious link. Azuki, a popular nonfungible token (NFT) project, had its Twitter account compromised on Jan. 27 leading to hackers stealing over $750,000 worth of USD Coin (USDC) by posting a malicious “wallet drainer link” posed as a virtual land mint. Hackers stole $751,321.80 USDC from a single wallet within half an hour of the malicious links being tweeted, according to Etherscan data provided to Cointelegraph by crypto wallet security firm Wallet Guard. The data also revealed that Hackers stole a further $6,752.62 worth of USDC from various wallets holding 11 NFTs and over 3.9 Ether (ETH). Wallet Guard stated that the total amount stolen was $758,074.42. Emily Rose, community manager for the anime-inspired NFT project confirmed via Twitter on Jan. 27 that the Azuki account was hacked, warning users not to click any links from Azuki’s Twitter account . AZUKI OFFICIAL TWITTER AC...

Source: Smile/Adobe A Japanese woman in her eighties was duped out of over $748,000 worth of tokens by a crypto scammer who told her that her bank account was under attack. Kyodo News (via Tokyo Shimbum) reported that the woman was contacted by a “person claiming to be an employee of the ward [local government] offices.” The news outlet quoted the Tokyo Metropolitan Police Department’s Tamagawa station as describing the victim as “a woman in her eighties from Setagaya Ward, Tokyo.” Officers explained that in mid-November last year, the woman was at home when she received a phone call on her landline. The caller claimed to be a local government officer and told the woman: “Your bank account is being used for a crime and your funds are about to be frozen.” The woman asked the caller what she should do if she wanted to safeguard her funds. The caller, officers continued, then told the woman: “Let’s get your money out...

A hacker who stole 120,000 ETH tokens, worth above $321 million at the time, from the Wormhole cross -chain bridge has started moving funds, according to various on -chain analysts. On the 23 rd of January, the hacker moved $155 million worth of Ether tokens to 1Inch, a decentralized exchange (DEX). The anonymous exploiter has since started swapping their ETH tokens for other cryptocurrencies. According to @lookonchain, the hacker swapped 95,630 ETH (worth $155 million) for 86,473 wstETH – a wrapped version of Ethereum liquid staking protocol Lido’s stETH token. The hacker then used this wstETH to borrow $14.5 million worth of DAI, a dollar-pegged stablecoin. They then bought a further 8,913 stETH with these tokens. This was then used to borrow a further $1.5 worth of DAI. The exploiter’s odd behavior continued, according to on -chain tracker @spreekaway, with the exploiter funding a new address with 0.1 ETH. Spreek speculated that the exploiter...

Join Our Telegram channel to stay up to date on breaking news coverage Some of the most developed financial regulations in the world are found in Singapore, Hong Kong, and Japan. Therefore, it is not surprising that talks about how to govern cryptocurrency have been ongoing for a while, even though they have diverged greatly. Japan aggressively pursued consumer protection, but in more recent times, it has loosened the criteria for token listings and promoted a more friendly tone for businesses. While China outlawed cryptocurrency trading and tightened restrictions on mining, Hong Kong asserted its independence and said that it was open to cryptocurrency enterprises in an effort to maintain its position as a major international financial hub. Although completing regulatory requirements may initially prove challenging for crypto enterprises, there are indicators that rules will continue to loosen. Existing market participants in Singapore are aware that rules will continue to ti...

Join Our Telegram channel to stay up to date on breaking news coverage BitDAO continues to display strength in 2023, earning a spot among the best-performing altcoins in the New Year. The BIT price has recorded higher highs and higher lows since January 21 printing mostly green candles. The token, which focuses on building a decentralized token economy, boasts 136% in cumulative year-to-date gains to hit highs around $0.60 on Tuesday. What Is Fueling BitDAO’s Explosive Bullish Move? BIT price appears to have bottomed at $0.25, ending a lengthy downtrend that defined the crypto market for most of 2022. As the price of the BitDAO token snapped out of the ‘gravitational’ pull investors rallied behind it to take advantage of a possible uptrend in 2023. Interest in the token spiked following key developments news at the end of last year. According to recent news, the development team was considering buying back $100 million in BIT tokens in December through a BIP-...

Shiba Inu was launched in August 2020 at an extremely modest and affordable price of $0.000000000972241, a price with nine zeros. Investors could have purchased billions of SHIB tokens for a mere $1,000 investment during its initial days. If the same billions of tokens were held today, every single investor would have possibly turned into a millionaire. However, not every early SHIB investor made use of the golden opportunity and lost the chance to make life-changing gains. The opportunity might never return, as the saying goes, ‘opportunity knocks at your door only once’. Also Read: Exclusive: ‘Here’s What I’ll Do When Shiba Inu Reaches $0.01′ Shiba Inu: Why Didn’t Early Investors Become Millionaires? Source: Pixabay Shiba Inu was among the worst-performing cryptocurrencies in 2020 and reduced triple-digit investments to a mere single digit. From August to September 2020, SHIB dramatically headed south, wiping away all investments since its initial days. T...

Join Our Telegram channel to stay up to date on breaking news coverage After several days of dormancy, the address linked to the theft of $323 million worth of Ethereum (ETH) from Wormhole has begun shuffling assets, according to records on Etherscan . The news about the activity on the cross-chain protocol Wormhole was first highlighted by Twitter user @Spreekaway on Monday, January 23, noting that the threat actor had converted his ETH to wstETH and was going to borrow DAI against it. Wormhole exploiter has converted his ETH to wstETH and is going to borrow DAI against it it seems. pic.twitter.com/9rhERSMG5u — Spreek (@spreekaway) January 23, 2023 Based on blockchain transaction history, the exploiter transferred the funds onto a decentralized exchange (DEX) and then went on to cycle funds around different DeFi protocols. Wormhole is a communication bridge linking Solana to other DeFi blockchain networks. The hackers stole approximately $320 million from it in ...