Analysis Today TheBitTimes.com

Litecoin price reached $110 on Friday, its highest level in over nine months. A popular crypto analyst says the macro downtrend for LTC may be over. Litecoin ( LTC ) currently trades around $104. But earlier in the day, LTC price hovered just above $110, its highest level since last July. LTC price reached an all-time high of $410 in May 2021. While current prices remain way off that peak, Litecoin’s latest bounce sees analysts predict what could be next. Litecoin touches $110: Is LTC set for vertical gains? Before LTC soared more than 15% on Friday, bulls had found it hard to break the psychological $100 level. Now with price hovering above the mark, a popular crypto analyst says Litecoin price could extend gains if bulls achieve a monthly close at $122.   “$ LTC needs to Monthly Close above the orange resistance ($122) & turn it into support like in 2020/2021 (green circle) to build on its recent Macro Downtrend breakout. M...

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Tel Aviv, Israel, 31st January, 2023, Chainwire Addressable , an innovative end-to-end solution for Web3 marketing, announced today that it secured $7.5 million in a seed funding round, led by Viola Ventures and Fabric Ventures, with participation from Mensch Capital Partners and North Island Ventures. The funding will be used to accelerate adoption and expansion of Addressable’s best-in-class solution, including support for additional blockchains and social media integrations. “Marketing is all about knowing your audience, but since crypto wallets are anonymized by design, Web3 marketers rarely know their audience’s age, country or purchasing history,” says Dr. Asaf Nadler, co-founder and chief scientist at Addressable. “In the face of anonymity, our solution allows Web3 marketers to associate ...

Source: Selensergen/Adobe Russian commercial banks will lose $684 million a year if the nation’s Central Bank launches a central bank digital currency (CBDC), experts have claimed. The Central Bank vehemently opposes the adoption of what it calls “private cryptocurrencies” such as bitcoin (BTC). But the bank wants to expiate the process of launching a digital ruble – which it wants to use to help de-dollarize the national economy. Finversia reported that the Central Bank’s latest proposal has seen renew calls for a ban on all domestic crypto transactions. The media outlet quoted the bank’s long-standing, crypto-skeptic governor Elvira Nabiullina as telling reporters that the bank has “not changed its position here.” She said that the bank had “a negative attitude towards the use of cryptocurrency in the domestic market” and in the “internal settlements” space. And Nabiullina claimed that plans to...

After a successful initial exchange offering (IEO) on BKEX crypto exchange, the native Calvaria token, RIA, is now up more than 125% from its IEO that ended just a few hours ago. Notably, RIA is now also up around 700% from its presale price of $0.01 , providing huge profits for early investors. This NFT-based battle card game is expected to bring excitement to the GameFi space and potentially increase crypto adoption rates. What is Calvaria?  Calvaria: Duels of Eternity is poised to shake up the gaming and cryptocurrency industries.  The game's creators are optimistic that their unique NFT-powered game will encourage wider adoption of crypto.  Calvaria Features play-to-earn mechanics, enabling players to earn while they play.  Additionally, offering a free-to-play version of the game will enable players to get involved without needing crypto knowledge.  Gamers can engage in duels utilizing character cards, each possessing exclusive abili...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Rarotonga, Cook Islands, 6th February, 2023, Chainwire Private-launch of version 1.0, sets the stage for design, testing and review-based audiences Blockchain-based data ownership initiative Cirus Foundation has entered into private-launch of version 1.0. The initiative entails a revamped user experience, data-ownership software, and a full-functioning cryptocurrency wallet. The initial rollout marks the first phase in the Cirus product suite since Beta. After one year of development, Cirus launches v1.0, a web-based extension serving the entry into web 3.0, owning your data and assets, neatly in one application.  The deployment of Cirus will be to select testing groups and user-review companies to comment on the novel user-experience. Cirus aims to achieve best-in-class standards for UX and recognition in this catego...

As the Federal Reserve announces its interest rate decision, many investors are looking to the future of Bitcoin and asking: can BTC reach $30,000 this month? The Federal Reserve announced on Wednesday that its key short-term interest rate would go up by a quarter point, which was less than the previous 0.5-point increase in December. This decision showed that inflation is not as high as it was before and is decelerating. After their two-day meeting, the Federal Reserve reported that inflation has decreased slightly but is still relatively high. The central bank seems disinclined to indicate that their effort to combat inflation is winding down, even as they weigh the advantages of the initiative against increasing recessionary threats. Bitcoin has experienced a notable decline in value in the past few days, leading investors to ask if it's currently the best time to purchase this cryptocurrency. Currently, Bitcoin is trading within a range from $22,700 - $23,85...

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-...

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...

The Polygon PoS chain is preparing for a significant upgrade on Jan. 17, through a hard fork aimed at improving performance and predictability. The proposed changes include reducing gas spikes and addressing chain reorganization issues that have been identified by the community and the Polygon team as priorities for the network's development. Besides the fork, Polygon (MATIC) has had an otherwise impressive start to the new year as well, with a series of high-profile partnerships and launches with massive names like Disney and Reddit, as well as the launch of its web3-focused incubator with Mastercard. The MATIC token is currently up 14.12% in the last seven days and is up 1.4% over the past 24 hours as the wider crypto market rally stalls for the time being. Polygon (MATIC) Hard Fork Details The changes proposed by the hard fork aim to reduce the severity of gas spikes and address chain reorganization inefficiencies in an effort to reduce time to finality (the ...

Dash 2 Trade has signed up 7,000 users to the beta of its dashboard product featuring its presale scoring and analytics system. The beta release has had no marketing support, making this milestone all the more impressive. Community feedback has so far been overwhelmingly positive.  Dash 2 Trade’s presale section of its dashboard is the only product of this type available in the crypto analytics space.  The feature is a unique selling point with investors looking for the diamonds in the rough among presale projects. Subscriptions to the dashboard service begin in April This latest news from the crypto analytics, bots, signals and social trading platform, follows on from an announcement earlier this week that the community will be able to subscribe to the service from April. Included in the product release at that time will be the live version of the presale section currently in beta – allowing users to act on changing project information in real...

Source: AdobeStock / f11photo Paul Chan, Hong Kong's Financial Secretary, said that, despite the ongoing market downturn, the city would continue to work toward becoming a major crypto hub, attracting businesses from across the world. Chan, the Financial Secretary since 2017,  was speaking at a Web3 forum, Bloomberg reported, when he said that Hong Kong would become the place for startups of all kinds – including crypto and fintech – to set up shop in 2023. He reiterated that the city plans on becoming a regional crypto hub – despite the fall in crypto prices and the ever-spreading contagion prompted by a number of major companies falling, not the least of which is the FTX exchange.    The Financial Secretary stated that, "As certain crypto exchanges collapsed one after another, Hong Kong became a quality standing point for digital asset corporates."  Per Chan, while other crypto centers – such as Singapore – are pu...

Image Source: Silvergate  Trouble is brewing for crypto bank Silvergate as the company cuts staff by 40% and sells assets at a loss to cover $8.1 billion worth of customer withdrawals. Furthermore, the company's crypto-related deposits saw a 68% decline in the fourth quarter of last year. According to a Thursday report by Wall Street Journal, the dramatic collapse of FTX sparked a run on Silvergate, forcing the bank to sell assets at a steep discount in a bid to cover around $8.1 billion in user withdrawals.  The crypto bank liquidated $5.2 billion of debt securities it was holding on its balance sheet in a bid to meet user withdrawals. Consequently, it incurred a $718 million loss, which reportedly exceeds the bank’s total profits since at least 2013 by far.  Furthermore, Silvergate saw a 68% decrease in its crypto-related deposits in the fourth quarter of the year, the bank allegedly said in an early release of some quarterly results....

Source: AdobeStock / WONG SZE FEI India's crypto industry has been "crippled" under the country's controversial tax laws in 2022. According to a new report by Esya Centre, a Delhi-based technology policy think tank, Indian crypto investors have moved over $3.852 billion (INR 32,000 crore) worth of digital assets from local to international crypto exchanges since February last year, when the nation announced a 30% tax on income from cryptocurrencies.  "Of this, cumulative volume of $3,055 million was offshored within six months of the current financial year," the report said, adding that "an estimated 17 lakh users switched" from domestic crypto exchanges to foreign counterparts. As reported, India’s government unveiled its crypto tax plans in early 2021, announcing tax gains from crypto transfers at a 30% rate. The country also revealed a 1% tax deduction at source (TDS) on all crypto transaction redemptions. Initially, the news...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com C+Charge is a new blockchain-based protocol that seeks to reward electric vehicle owners for charging and using their cars. Its native token, CCHG, is available on presale, and this article explains how to purchase it.   Revolutionizing the EV Space Over the past few years, there has been a significant surge in the use of electric vehicles worldwide. The EV industry has emerged as the eco-friendly alternative to the traditional automotive space, which has been yearning for a change. Thanks to companies like Tesla, Rivian, and more, people can purchase EVs and be a part of the green revolution.  However, even with the growth of EVs worldwide, the space remains ripe for disruption. C+Charge is looking to bring the benefits of blockchain technology to the EV space, incorporating the concept of carbon credits into...

LUNC, the native token to the original Terra blockchain, which is called Terra Classic, is an underperformer on Thursday, nursing losses of about 5.5% in the last 24 hours. LUNC/USD was last changing hands in the mid-$0.00014s, down about 20% from its earlier weekly highs above $0.00018, but still up about 15% from monthly lows in the $0.000127 area. LUNC pulls back sharply from 200DMA. Source: TradingView LUNC’s abrupt turnaround in recent days comes after the cryptocurrency failed to sustain an attempted push to the north of its 200-Day Moving Average. The fact that the cryptocurrency has now dipped under its 21 and 50DMAs as well suggests the near-term technical outlook might not look too great. But there is some reason to be optimistic and, as a result, near-term price predictions shouldn’t be too pessimistic. Price Prediction – Can LUNC Rally in the Short Term? LUNC’s latest pullback has seen it fall back to come close to testing a downwa...

Disclaimer : The Industry Talk section Features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com. Bitcoin’s climb since its emergence in 2009 has turned cryptocurrency from an internet niche into a global sensation. One unit of Bitcoin is currently valued at over $16,000. Naturally, it makes everyone yearn for the days when it could be obtained easily through mining or trading. But can you earn Bitcoin for free? This article will look at some of the most inventive ways to earn free rewards in 2022 and beyond.  10 Top Methods to Earn Free Bitcoin At present, there are still numerous strategies for investors to earn free Bitcoin -  here are the ten most effective methods to consider: Participate in Bitcoin Games at the Lucky Block Casino Participate in Bitcoin Mining Take Part in Bitcoin Trading Join Bitcoin Lending Platforms Participate in Bitcoin Staking Take Part in Crypto Airdrops Participate in Bit...