Month: February 2023

This week on The Market Report, the resident experts at Cointelegraph discuss the recent fear, uncertainty and doubt (FUD) around the popular cryptocurrency exchange Binance and what the CEO of Solana had to say about recent outages.  We kick things off with this week’s top stories Binance CEO responds to Forbes claims: ‘They don’t know […]

Solana blockchain went offline for 20 hours last weekend. Marinade Finance’s Brandon Tucker says upcoming updates will significantly reduce futures outages. But technical and human errors remain a concern for crypto and users need to have this outlook “hard-wired into any risk profile.” The Solana Foundation noted in an update on 27 February 2023 that […]

Bitcoin and the S&P 500 move in a direct correlation  The recent corrections look like an Elliott Waves a-b-c If stocks make a new high for the year, Bitcoin will follow US stocks rallied in 2023, and so did Bitcoin. One may ask what market is leading, and the answer is the stock market. The […]

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Bitcoin meets resistance but looks bullish  A daily close above $25k points to further strength  An inverse head and shoulders pattern suggests more dollar weakness Can Bitcoin reach $35k? According to this reversal pattern, it can!  Bitcoin’s price action followed the US dollar lately. Naturally, volatility is higher in the cryptocurrency market, but nevertheless, the […]

The crypto industry has been raising its lobbying efforts amid the crypto winter that began last year. In 2022, market participants spent $25.57 million on lobbying in the United States.  This number appears in a study published by the Money Mongers on Feb. 23. The count is based on data from OpenSecrets, a nonpartisan nonprofit, tracking the […]

London, England, 28th February, 2023, Chainwire Metacade, a community-led GameFi project, has gained significant momentum in its presale following the recent announcement of its strategic partnership with leading exchange MEXC. Only 3 presale stages remain before the MCADE token is sold out and officially listed on exchanges. Stage 5 of the GameFi arcade’s presale is […]

The Ethereum blockchain’s Sepolia testnet has undergone a successful upgrade that simulates the upcoming Shanghai hard fork expected to take place on mainnet in March. The “Shapella” upgrade, which combines the names of the upcoming Shanghai and Capella hard forks, was successfully implemented on the testnet on Feb. 28. Sepolia testnet has successfully upgraded to […]

Synthetix (SNX/USD) price has done moderately well in February. It was trading at $2.8 on Tuesday, which was much higher than the year-to-date high of $1.42. This rally happened because of the successful deployment of Synthetix V3 on mainnet, which has more features. Synthetix V3 launch Synthetix is an important part of the blockchain industry […]