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Cardano price holds strongly against the US dollar while exchanging hands at $0.374. ADA, the token powering the Cardano ecosystem, is up 52% in 30 days and has managed to hold onto a 7% increase in value over the last 14 days. Despite this bullish report, the launch of Djed, the first stablecoin on the Cardano blockchain failed to cause a positive price change. Nevertheless, its impact cannot be brushed off immediately and may eventually trigger a rally as investors gradually embrace Djed. Cardano is a $12.9 billion crypto ecosystem, currently holding in the eighth position and commanding over $400 billion in trading volume. Although ADA price has remained relatively unchanged over the last 24 hours, its bullish outlook seems intact. Therefore, bulls only need to reach above $0.40, where they are likely to unlock the bullish potential and open the door to gains first aiming for $1.00 in the coming weeks, possibly months, and $3 by the end of 2023. Why Cardano Price...

According to CoinShares, digital asset investment products saw $117 million in inflows last week. On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investment s experienced a surge in in flows last week, reaching $117 million, the highest since July 2022.  CoinShares reported that the sector's total asset under management (AuM) rose to $28 billion, a 43% increase from its November 2022 lows. The improvement in investment product volumes was evident, with $1.3 billion traded during the week, a 17% increase compared to the year-to-date average. Meanwhile, weekly volumes in the digital asset market have risen by an average of 11%.  Germany saw the highest inflows last week, accounting for 40% of the total ($46 million), followed by Canada, the United States and Switzerland, which received $30 million, $26 million and $23 million, respectively. Most of the inflows were directed towar...

The price of one Bitcoin (BTC) in Nigeria can cost upwards of $38,000. The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash. At the time of writing, the price of 1 BTC on Nigerian crypto exchange NairaEX is currently 17.8 million Naira, equating to a whopping $38,792. This represents more than a 60% premium over the current market price of Bitcoin, which is around $23,700 at the time of writing. It comes as the Central Bank of Nigeria has continued to impose limits on ATM cash withdrawals amid an ongoing effort to accelerate its shift to a cashless society. #Bitcoin is Hope️ BREAKING: Bitcoin is selling for a 60% premium in Nigeria (37,235 USD) because of increased demand. Central Bank of Nigeria started limiting cash withdrawals to $44 per day earlier this month. Now leads the world in Google searches for "Buy #Bitcoin " pic.twitter.com/SI861WUhVy — SH...

Join Our Telegram channel to stay up to date on breaking news coverage Analyst Jacob Bury posted an update on the Meta Masters Guild presale, tipped to be the next big crypto game, and the state of the cryptocurrency market. Its globally acknowledge that many people have made so much money with Play-to-Earn crypto, many ecosystem offer upside down potential. Large number of individuals who have expressed interest in Meta Masters Guild, the following is a more in-depth overview of their outstanding presale. The full Meta Masters Guild presale update and crypto market update in the video above, follow his YouTube channel for more new crypto ICOs reviews and crypto updates. What Makes Meta Masters Guild Exceptional In a recent piece published by Cointelegraph, blockchain gaming businesses were cited as stating that casual gamers are hesitant to play games with blockchain technology. However there is one good game might change this perception, and that game is Meta Masters Guild...

Source: AdobeStock / Felix Pergande The US Securities and Exchange Commission (SEC) has yet again refused to give its regulatory blessing to Ark Investment Management and exchange-traded note (ETN) issuer 21Shares to list a spot bitcoin (BTC) exchange-traded fund (ETF). According to the document published on January 26, the SEC discussed the Cboe BZX Exchange on which the ETF would be listed and stated that,  "The Commission concludes that BZX has [failed to] demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6(b)(5), which requires, in relevant part, that the rules of a national securities exchange be “designed to prevent fraudulent and manipulative acts and practices” and “to protect investors and the public interest.”" It went on to say that, when considering whether the proposal by the exchange to list and trade these shares is designed to prevent fraudulent and manipulative acts and practice...

Upcoming move-to-earn project Fight Out has now raised nearly $3.5 million with the revolutionary fitness app to reward users for completing workouts. The crypto project, which is racing through a highly successful presale, also has plans to build real-world in key cities around the world. FGHT tokens are currently on sale for $0.01739 but increase in price every 12 hours, with early investors also able to earn up to 50% extra in bonuses. We’ve dubbed Fight Out one of the best new cryptos to buy as it plans to transform the M2E and fitness markets. Buy FGHT Now How Does Fight Out Work? Fight Out isn’t the first move-to-earn project but it is certainly the most complete. While other projects, such as STEPN, have focused only on steps, Fight Out will use smart technology that tracks movement, effort, sleep and nutrition to build a full digital fitness profile on its app. Users then get individual workout regimes - focusing on wellness and mental health as w...

Six out of eight indicators watched by analysts at crypto data analytics platform Glassnode to identify when Bitcoin is transitioning out of a bear market are flashing bullish signals, and a seventh is likely to also soon turn green. Glassnode’s “Recovering from a Bitcoin Bear” dashboard of indicators seeks to help Bitcoin investors identify when the Bitcoin market is moving towards a healthier trend by watching a mixture of on-chain, technical and network fundamental indicators. Historically, at least 5 of these indicators are flashing green when Bitcoin prices are rising. Meanwhile, when all eight indicators start flashing bullish signals, this has historically been a great buy signal. Conversely, when less than five of these indicators are flashing green, Bitcoin’s price is typically in a long-term decline. Light blue denotes time periods where at least five out of eight bullish conditions have been met. Dark blue denotes time periods when ...

Shiba Inu (SHIB)-focussed Twitter handle, “SHIB Knight,” claims that Kai Ken Inu, a community-focused project, is working on a bridge between Ethereum ( ETH ) and Shibarium. The bridge will allow users to move assets between the two networks. $KAIK already 1000x up from launch, ran to 10Mil mcap yesterday from 2mil mcap, with a healthy and bullish chart. 🔥 They are building a Shibarium bridge which will allow holders to port assets from ETH to #Shibarium when it launches💯 Chart💹: https://t.co/t4brxWz60e pic.twitter.com/UWB0eynYuy — $SHIB KNIGHT (@army_shiba) January 25, 2023 However, it should be noted that the official Shiba Inu (SHIB) team has not given any word regarding this development. Non ETH eless, SHIB fans, collectively called SHIB Army, are excited about the unconfirmed project. Consequently, Kai Ken Inu’s native token, KAIK, has spiked amid the enthusiasm. According to LiveCoinWatch, KAIK has rallied up to 1440% i...

Join Our Telegram channel to stay up to date on breaking news coverage Crypto YouTuber Sheriff Network reviewed  the platform that connects physical fitness journey with a virtual one FightOut and its native token FGHT. FightOut’s huge ecosystem around the Move-to-Earn mechanism improves flexibility and interaction. Sheriff Network FightOut Review This is the time of year to generate money, so what could be more fun than maintaining a healthy appearance and earning money from it? The good news is that your workouts just got more enjoyable and profitable with the new Move-to-Earn platform FightOut. FightOut will keep track on your actual exercises and boost your avatar’s stats as you advance, which essentially implies that as users advance in their fitness journeys, their soulbound avatars change as a direct result of their work and advancement. FightOut has announced that legendary UFC fighter Amanda Ribas will be officially joining the team as their newest ...

FTX took the crypto space by surprise, but innovative approaches can ensure better security solutions for the future. Last year has been a rollercoaster year for crypto : from the collapse of big wallet providers to the unfolding FTX saga, and the all too familiar occurrences of rug pulls, scams and bankruptcies. While the market is still trying to find its footing in the aftermath of what can be categorized as a challenging year, there is a case to be made for this being a net positive for an industry that is still going through substantial growing pains. The scale of malpractice with FTX was so massive that it has drawn worldwide attention. This obviously has its downside for crypto projects, as critics will use what happened to paint the entire industry as untrustworthy and dangerous. There is an upside, however. This event may end up separating the wheat from the chaff in crypto, as projects will be put under more pressure to operate in a transparent and trustworthy manner. Scams ...

Ark's GBTC weight in the portfolio actually increased despite the fund selling 500,000 shares in the past month. Cathie Wood's Ark Invest offloaded a chunk of its Grayscale Bitcoin Trust (GBTC) shares since November's Bitcoin (BTC) price lows, the latest data shows. Cathie Wood's Ark short-term cautious on GBTC Ark Invest added 450,272 GBTC share s worth $4.5 million to its ARK Next Generation Internet ETF (ARKW) in November 2022. At the time, GBTC was trading in the $7.46-$9.48 range versus $12.25 in January 2023. GBTC price, of course, recovered alongside Bitcoin, rising roughly 40% from its November lows. The recovery in January also helped reduce the GBTC "discount" from nearly 50% to 40%, according to YCharts. GBTC daily price chart. Source: TradingView Interestingly, the share price rebound coincided with a reduction in ARKW's GBTC holdings by 500,000 shares, suggesting profit taking in the short term. GBTC shares (purple) in Ark's ETF versus it...