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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Abu Dhabi, Abu Dhabi, 31st January, 2023, Chainwire Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Ever scale , a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry. Venom Ventures Fund has committed a $5 million investment in Everscale to help it further expand its development teams and boost the number of projects. The investment will be in stages, based on the progress and cooperation indicators. Ever scale has been diligently working on expanding its reach and integrating its technology solutions in Asian countries over the past two years, while also building a strong community. Its dynamic sharding technology enables it to efficiently adapt to varyi...

Join Our Telegram channel to stay up to date on breaking news coverage Dogecoin (DOGE) becomes the third-fastest token at decreasing carbon emissions, Shiba Inu’s (SHIB) Shibarium beta launch enters the final stage, Snowfall Protocol (SNW) price grows by 500%   Thousands of cryptocurrencies are currently available on crypto exchanges for investors to invest and earn from. Thus, it becomes increasingly important, especially after new token launch es, for established cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB) to stand out. A recently introduced token , Snowfall Protocol (SNW) , is giving higher returns than meme coins like SHIB and DOGE. In this article, we will talk about the latest developments of Shiba Inu (SHIB), Dogecoin (DOGE), and Snowfall Protocol (SNW) , to help the crypto community make better investment decisions. Dogecoin (DOGE) to drop by 10% soon According to recent data, the meme token, Dogecoin (DOGE), has become one of the crypto assets ...

The Argentine peso has fallen consistently against the U.S. dollar this month, losing almost 12% since Jan. 1. The behavior of the exchange rate for the informal “blue” dollar keeps bringing concerns about a possible escalade in inflation rates, that are predicted to reach almost 100% this year, similar to the rates registered in 2022. Argentine Peso Keeps Falling Argentina is currently submerged in a devaluation scenario that has the possibility of causing an escalation in prices this year. The value of the Argentine peso against the U.S. dollar has fallen by almost 12%, reaching a record-high rate of 386 pesos per dollar on Jan. 27 in its ‘blue‘ variation. The exchange rate has been constantly rising since December, when it reached 356 pesos per dollar, breaking a record low for the peso at that time. The government has made movements to maintain its stability, injecting dollars to satisfy the demand of registered importers into the market and announcing a p...

Dogecoin rose to a six-week high on Saturday, as prices rose above a key resistance level to start the weekend. The meme coin climbed to its strongest point since December, as the global crypto market cap was mostly in the green in today’s session. Avalanche also surged today, hitting its strongest point since August. Dogecoin (DOGE) Dogecoin (DOGE) was one of Saturday’s most notable movers, as prices rose to their highest point in six weeks. Following a low of $0.08507 on Friday, DOGE/USD rallied to an intraday peak of $0.09297 earlier in the day. As a result of this, dogecoin moved to its strongest point since December 13, which is the last time prices were trading at a resistance level of $0.0930. DOGE/USD – Daily Chart Looking at the chart, the move took place as the 14-day relative strength index (RSI) edged closer to a ceiling at 61.00. As of writing, the index is tracking at 59.96, with DOGE trading below earlier highs at a reading of $0.08808. Should DOGE bulls pus...

LTC price could drop alongside riskier assets as macro analysts sound a bull trap alarm over this potential "head fake" recovery. Litecoin (LTC) has rebounded by 130% to almost $100 after bottoming out near $40.50 in June 2022. The primary reasons include broadly improving risk-on sentiment and euphoria around the Litecoin halving in August 2023. However, technicals suggest that LTC may wipe out most of these gains in the coming months. LTC price paints giant bear flag  Litecoin stands to pare its gains mainly due to a giant bear flag on the weekly char.  A bear flag is a bearish continuation pattern that occurs when the price consolidates inside an ascending, parallel channel after undergoing a strong downtrend. It resolves after the price breaks below its lower trendline with a rise in trading volumes Litecoin has been painting a similar pattern since early June 2022. Previously, the LTC/USD pair had undergone a 70% price correction from $130 to $40.50. Thus, from the tec...

Blur, the non-fungible token (NFT) marketplace, has seen a significant increase in volume since its launch in October. According to statistics from Dune Analytics, Blur has captured about 30% of the market share in terms of sales volume. The NFT marketplace leader, Opensea, commands 48% of the market share. Blur NFT Marketplace Captures 30% of Market Share in Sales Volume An NFT marketplace called Blur has seen an increase in market share over the past 30 days. According to statistics from Dune Analytics, Blur holds 30% of the NFT market’s total market share. Crypto market participants believe Blur’s rise is associated with the upcoming launch of its native token, originally scheduled for January 2023 but delayed, according to a statement from the team. The token is now set to be released on Feb. 14, 2023. “We know this is past our initial estimate of January and we’re sorry for the delay,” the platform tweeted on Thursday. “We’re trying new things and the extra two weeks...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto winter bear market is the best time to build profitable crypto portfolios with potential for high investment returns in 2023. This article includes a list of the top five best cryptocurrencies to buy in the bear market that will skyrocket this year. Hedera Hedera, the most popular, stable, enterprise-grade public network for the decentralized economy, lets individuals and companies build powerful decentralized apps (DApps). Hedera’s hashgraph speeds up transactions. The network also prioritizes high-volume micropayments, data integrity, and tokenization. HBAR runs Hedera apps. Network services, transaction fees, in-app payments, and micropayments use HBAR. Crypto projects need scalability, and Hedera Hashgraph’s design effectively processes large quantities of transactions. Due to partnerships with worldwide firms like Google, the project is well-positioned for the future. The top-p...

Most of the crypto currencies in the coveted top 10 were enduring a loss. Following the recent rally, the community believes the market could be going through a correction. However, there were a few exceptions. Aptos [APT], Quant [QNT], as well as Threshold [T], were the top 3 assets pocketing gains amidst this corrective period. At press time, Quant was trading for $155.26 with a 6.55% daily surge. The asset’s weekly gains were simultaneously pushed by 9.30%. Source The one-day price chart of QNT noted that the Altcoin might move beyond $200 if it manages to push past $168.31, a strong resistance level. However, if the asset fails to persist in its ongoing trend, it could drop to its nearest support zone of $135.41 or even stoop down to $100.42. Currently, there is increased buying activity in the QNT market. The Relative Strength Index [RSI] indicator highlighted how the asset was overbought. It should be noted that QNT continues to trade 63.87% below its all-time hi...

Many casual gamers are still reluctant to play games that use blockchain tech, but gaming execs believe one good game could change that. The casual gaming market will remain a crucial audience for blockchain games and nonfungible tokens (NFTs) in gaming, according to three blockchain gaming company co-founders.  Casual gamers, people who play games somewhat regularly but rarely invest significant time, make up the largest segment of players in the gaming industry. Kieran Warwick, co-founder of blockchain role-playing game Illuvium called casual gamers "critical" because of the sheer number of them in the population. There are more than 3 billion gamers worldwide as of 2023, and it's estimated that at least 1.95 billion are casual gamers, according to Exploding Topics. Keiran Warwick, co-founder, Illuvium Source: LinkedIn Warwick said gamers interested in earning in-game yield, primarily from developing countries and attracted to mobile gaming, are becoming increasingly i...

Image Source: Shutterstock New York-based crypto currency exchange Gemini is letting go of 10% of its workforce amid the ongoing bear market that has seen around $2 trillion wiped out of the crypto market.  This marks the third round of layoffs at the crypto exchange in the past eight months, the Information reported on Monday, citing an internal message from Gemini co-founder and CEO Cameron Winklevoss. He reportedly said: “It was our hope to avoid further reductions after this summer, however, persistent negative macroeconomic conditions and unprecedented fraud perpetuated by bad actors in our industry have left us with no other choice but to revise our outlook and further reduce headcount.” Data by PitchBook shows that Gemini had 1,000 employees as of November 2022, implying around 100 people lost their jobs. TechCrunch reported that Gemini had previously trimmed its headcount by 7% in July 2022, following a 10% staff a month earli...

Join Our Telegram channel to stay up to date on breaking news coverage GMT, the crypto token that powers STEPN’s web3 fitness ecosystem and application, was last trading close to 20% higher on Monday, despite a lack of any obvious fundamental catalysts to explain the upside. Amid the broad rally in cryptocurrencies since the start of the year, unpredictable upside bursts in altcoins such as GMT have become more commonplace – a sign that risk appetite is returning to the market. GMT/USD was last changing hands just under $0.60 per token, having been as high as the $0.66s earlier in the session. The crypto token was able to briefly break to the north of its 200-Day Moving Average (at $0.0595), but has since fallen back to trade pretty much in line with it. Where Next For GMT? GMT’s pullback from earlier highs was likely triggered by profit-taking by short-term bullish speculators ahead of a test of the November highs at $0.68. If the broader crypto rally contin...

Join Our Telegram channel to stay up to date on breaking news coverage According to the price Analysis of Polkadot (DOT), a bullish strike has dominated the price. Polkadot’s price has been trying to maintain itself above the $6 level. At the time of publication, Polkadot was the 12th biggest cryptocurrency with a market valuation of $6.6 billion. DOT was selling for around $6 after FTX failed. Kusama, a multi-chain network from Polkadot, has consistently given other chains infrastructure. Recently, Polkadot released a significant release that might drive asset values to a record peak. A consolidated trend is shown by DOT’s technical indicators. The intraday session has witnessed a 1% decline. DOT: What Is It? The Polkadot blockchain protocol aims to enable communication between different blockchain networks. It attempts to make various blockchain networks interoperable. A team led by Dr. Gavin Wood, who also worked on Ethereum, developed it. The main novelty of P...

Binance stressed that credit and debit card payments will continue to be accepted and that non-USD bank transfers would still be processed through the SWIFT payment system. Binance has informed its retail customer base of a potential incoming service disruption that may halt on and off-ramp bank payment transfers. The service disruption will impact U.S Dollar-held bank accounts that are looking to buy or sell cryptocurrencies for less than $100,000 via the SWIFT payment system. The disruption will take effect on February 1. Binance announced the news to its “Binancians” by email on January 21, stressing that they’re now “actively seeking” a new SWIFT (USD) partner to avoid service disruptions for future bank payment transfers. The Cryptocurrency Exchange added that this was the banking partner ’s decision and that Binance wouldn’t be the only trading platform impacted by the change: “This is the case for all of their crypto exchange clients. Please be advised that until we are able t...