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Join Our Telegram channel to stay up to date on breaking news coverage As the coin begins the bullish movement toward the upside, the dYdX price prediction is likely to move consistently within the channel. dYdX Prediction Statistics Data: DYDX price now – $1.10 DYDX market cap – $72.7 million DYDX circulating supply – 65.5 million DYDX total supply – 1 billion DYDX Coinmarketcap ranking – #198 DYDX/USD Market Key Levels: Resistance levels: $2.00, $2.20, $2.40 Support levels: $0.50, $0.30, $0.10 DYDXUSD – Daily Chart DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the coin begins the upward movement. In the last few days, the dYdX price has been struggling to cross into the positive side. According to the daily chart, the technical indicator Relative Strength Index (14) is moving to cross above the 40-level, confirming the bullish movement for the coin. dYdX Price Prediction: DYDX Ready for the Upside T...

According to the daily, the Solana price prediction shows that SOL is yet to climb above the 9-day and 21-day moving averages. Solana Price Statistics Data: Solana price now – $9.60 Solana market cap – $3.5 billion Solana circulating supply – 367.3 million Solana total supply – 537.4 million Solana Coinmarketcap ranking – #17 SOL/USD Market Key Levels: Resistance levels: $30.0, $32.0, $34.0 Support levels: $2.0, $1.5, $1.0 SOLUSD – Daily Chart SOL/USD is currently struggling to gather momentum below the 9-day and 21-day moving averages. The nearest key level of support remains at $9.5, but if the coin breakdown with a daily candle closes below this level, it may slide toward the lower boundary of the channel. Solana Price Prediction: Solana (SOL) May Cross Below $9.0 Support The Solana price is currently trading below the 9-day and 21-day moving averages. However, if the market price crosses below the nearest support of $9.0, it can ex...

The exchange said it intends to outline further details in a report in January 2023. The FTX-owned Japanese crypto exchange Liquid has announced plans to begin the process of return ing customer assets in 2023.  According to the Dec. 29 statement issued on its blog, the exchange is preparing to return assets entrusted by both customers from FTX Japan and Liquid Japan, and is working on a report for January 2023 that would further outline the details.  A statement from the team read: “For the assets entrusted to us by our customers at FTX Japan and Liquid Japan, we are proceeding with system development so that withdrawals will be possible from the Liquid Japan web version.”  According to Liquid, the system intends to allow users who are unable to access FTX, to check their FTX Japan balance from the Liquid Japan web version, and also make withdrawals from there. However, customers using the Liquid Japan platform are expected to be able to withdraw as usual. On Dec. 13, the exchang...

On December 29, Bitcoin price prediction may shift from bearish to bullish as the upward trendline is supporting the leading crypto at $16,450. Likewise, Ethereum has also halted its downward trend above an upward trendline support level of $1,180 level. Later today, investors' attention will be focused on US jobless claims, which may drive price action. Major cryptocurrencies were trading in the negative early on December 29 as the global crypto market cap fell 1.51% to $793.46 billion on the previous day. The overall crypto market volume in the last 24 hours has increased by 15.10% to $31.03 billion.  DeFi's total volume is now $2.13 billion, accounting for 6.88% of the overall crypto market 24-hour volume. The overall volume of all stablecoins is now $29.05 billion, accounting for 93.61% of the total 24-hour volume of the crypto market. US Unemployment Claims to Drive Price Action  In the week ending December 17th, the number of Americans filing for new ...

BTC bears are outnumbered based on open interest volume, but bulls' hopes of $20,000 before 2023 have already been hampered. A year-end wager for $80,000 Bitcoin (BTC) might seem entirely off the table now, but not so much back in March as BTC rallied to $48,000. Unfortunately, the two-week 25% gains that culminated with the $48,220 peak on March 28 were followed by a brutal bear market. It is important to highlight that the U.S. stock market likely has driven those events, as the S&P 500 index peaked at 4,631 on March 29 but traded down 21% to 3,640 by mid-June. Moreover, such a date coincides with the centralized cryptocurrency lender Celsius issues, which halted withdrawals on June 12, and the venture capital 3 Arrows Capital (3AC) insolvency on June 15. While the fear of an economic downturn has undoubtedly triggered the cryptocurrency bear market, the reckless mismanagement of centralized billion-dollar entities is what sparked the liquidations, pushing prices even lower...

Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 and $85 per unit, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil, and strategists from Morgan Stanley also believe oil will reach $110 a barrel by mid-2023. The founder of Praetorian Capital recently warned a barrel of oil could jump a lot higher next year. Market Strategists Expect Oil Prices to Jump Considerably in 2023, Some Warn That $100-a-Barrel Oil Should Be Expected Next Year, Others Say a Barrel of Crude Could Surpass $200 Reports show that Wall Street is bullish about oil in comparison to equities, cryptocurrencies, and precious metals. Oil jumped a great deal in value this year amid the rising inflation and the start of the Ukraine-Russia war. On March 8, 2022, the same day gold reached its all-time price high, a barrel of Brent traded for $126 a barrel....

Two prominent Solana projects have announced they are transitioning over to new block chain s. The non-fungible token (NFT) venture Degods detailed it will be moving to the Ethereum chain and the Y00ts NFT team detailed it is moving to Polygon. Both teams said the transitions will take place in 2023. Degods Says NFT Project Will Move to Ethereum, Y00ts Details NFT Venture Is Transitioning to Polygon The crypto community has been discussing two crypto projects that have said the teams plan to transition their ventures from the Solana block chain network to an alter native block chain . Degods is one NFT project that revealed on Twitter it was moving from Solana to the Ethereum network. Launched in October 2021, Degods is an NFT venture that created 10,000 deflationary PFP (profile picture) NFTs. On Twitter the Degods team said: Degods will officially bridge to Ethereum in Q1 of 2023. The bridge is not the destination. It is on the path to get there. Interestingly, the team behind...

The Litecoin price prediction shows that LTC is changing hands at $69.19 as the Relative Strength Index (14) hovers around the 50-level. Litecoin Price Statistics Data: Litecoin price now – $69.19 Litecoin market cap – $4.9 billion Litecoin circulating supply – 71.9 million Litecoin total supply – 84 million Litecoin Coinmarketcap ranking – #14 LTC/USD Market Key Levels: Resistance levels: $85, $90, $95 Support levels: $55, $50, $45 LTCUSD – Daily Chart LTC/USD is likely to create additional gains as the market price moves close to the resistance level of $70. At the time of writing, the Litecoin price breaks above the 9-day moving average, and could make a bullish cross above the 21-day moving average to touch the daily high at $75. Litecoin Price Prediction: Litecoin (LTC) Ready to Gain More According to the daily chart, the Litecoin price followed a slight downward trend after the bullish rally failed to materialize above the $70 le...

Following FTX co-founder Sam Bankman-Fried’s arrest and the statements from his co-workers Gary Wang and Caroline Ellison, the spotlight has turned on the remaining executives who were part of the team’s inner circle. Another person people are curious about these days is Alameda Research’s ex-co-CEO Sam Trabucco. The 30-year-old executive left Alameda in Aug. 2022, but since Ellison detailed misconduct happened in 2019, it’s assumed that Trabucco knows a thing or two about what happened. Spotlights Remain on a Few More FTX and Alameda Execs Like Sam Trabucco Since Sam Bankman-Fried (SBF) was arrested and then later released on bail, attention has been drawn toward executives who have not come forward, or at least not publicly announced they have been cooperating with law enforcement. So far we know that at least three co-workers have turned on SBF including Caroline Ellison, Gary Wang, and Ryan Salame. Two other execs people are curious about include FTX’s former director of en...

Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to ‘Enforce an Automatic Stay’ Against Claims Over FTX’s 56 Million Robinhood Shares On Dec. 22, 2022, court documents show that debtors from FTX want to freeze 56 million Robinhood shares owned by a subsidiary crafted by SBF called Emergent Fidelity Technologies. The debtors from FTX and Alameda have said that multiple entities are seeking to claim these assets, including the now-defunct crypto lending firm Blockfi. FTX wants the court to enforce an automatic stay against claims for the 56 million Robinhood shares worth roughly $450 million. The Class A common stock Robinhood shares are currently custodied at ED&F Man Capital Markets Inc. (EDFM) in New York City. EDFM does not dispute the ownership of the $450 million shares of Ro...

Join Our Telegram channel to stay up to date on breaking news coverage In a Thursday, December 22 press release , the operator of the regulated crypto exchange Bullish and the special purpose acquisition company (SPAC) Far Peak Acquisition said that they have mutually agreed to terminate their proposed business combination.  Cryptocurrency exchange Bullish Chairman and CEO Brendan Blumer also confirmed the company’s decision to abandon its earlier plans to go public. Our quest to become a public company is taking longer than expected, but we respect the SEC’s ongoing work to lay new digital asset frameworks and clarify industry-specific disclosure and accounting complexities. Crypto Exchange Bullish And FPAC Give Reasons For Canceling The company had planned to go public through a merger with a special purpose acquisition company (SPAC) Far Peak Acquisition (FPAC). However, in light of new Securities and Exchange Commission (SEC) practices, the Peter Thiel-...

Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate increase announced by the monetary authority last week and revised projections showing higher than previously expected inflation in Europe ahead. ‘We Have No Choice But to Raise Interest Rates,’ ECB’s Luis de Guindos Admits Recognizing that the eurozone is entering recession, ECB Vice President Luis de Guindos has nonetheless insisted that the regulator should continue to raise interest rates in order to keep inflation under control. With the indicator likely to remain well above the price stability target, inflation of 2% over the medium term, the top executive told Le Monde “We have no choice but to act.” On Thursday, Dec. 15, the ECB raised the deposit facility rate by 50 basis points to 2%. In the interview conducted the same day but published by the French daily and the bank on Dec. 22, de...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. São Paulo, Brazil, 22nd December, 2022, Chainwire BC.GAME has announced that David Luiz, a Brazilian professional football player of the Flamengo team, has become its official brand ambassador. As the crypto casino’s brand ambassador, Luiz will consistently collaborate with BC.GAME to help promote the casino platform and engage with its community through social media and live-streaming platforms.  David Luiz as a Brand Ambassador for BC.GAME David Luiz ’s association with BC.GAME will not only help the crypto casino gain more exposure. As a BC.GAME ambassador and one of Brazil’s most prominent football players, he can connect the Brazilian football community with the crypto casino platform and grow the brand’s player base in Brazil.  Luiz will primarily engage and connect with the c...

Coinbase is one of the world’s oldest cryptocurrency exchanges. It first aired in 2012 and has its own fan base. The exchange has also been among the first to welcome a multitude of cryptocurrency enthusiasts into the realm. In one of its recent blogs, the exchange unveiled that it has secured approval to operate in Ireland. “ Coinbase is delighted to announce that we have successfully registered with the Central Bank of Ireland as a Virtual Asset Service Provider, and to introduce Cormac Dinan as our new Country Director for Ireland. “ Coinbase secures VASP license in Ireland As per the details, Coinbase has now obtained a virtual asset service provider license in Ireland . With the license, the exchange will now be able to provide its services and products to individuals in Ireland . The announcement also unveiled the appointment of Cormac Dinan as its new country director. Dinan, with over 20 years of expertise, will manage the exchange’s operations in ...

The Ministry of Culture and Sports of Spain has decided to direct 8 million euros ($8.5 million) toward the development of video games and narrative metaverse experiences. The program, part of the Spanish “Recovery, Transformation, and Resilience Plan” will give grants directed to incubate projects in these areas in 2023. Spain Directs 8 Million Euros to Help the Metaverse and Video Game Ecosystem Video games and metaverse experiences are starting to be considered in the cultural plans of some key states around the world. The Ministry of Culture of Spain has decided to direct 8 million euros ($8.51 million) for the development of video games and metaverse experiences, as the organization recognizes the value of these industries for the country. The program, which is currently in its second wave, increased the funds by 700% compared to its first wave when little more than 1 million euros were destined to help companies in the sector. However, 25 projects were selected to e...