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Cryptocurrency News

Location American Cryptocurrency News for 2 February 2023
Chinese Economist Urges Government to Reconsider Crypto Ban -- Warns of Missed Tech Opportunities An economics professor and former adviser to the People’s Bank of China has urged the Chinese government to reconsider its ban on cryptocurrencies. He warned that banning crypto activities could result in missed opport...
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India's Largest Retail Chain to Accept Payments in CBDC India's largest retailer Reliance Retail has announced plans to accept payments in the digital rupee in a move that could boost the nation's adoption of CBDCs....
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NFT Sales Soar: January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additiona...
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BonqDAO protocol suffers $120M loss after oracle hack

Coin Telegraph - 2 Feb 2023 02:33
BonqDAO protocol suffers $120M loss after oracle hack An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token, leading to an estimated $120 million loss, according to Peckshield.
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Bitcoin Price Prediction as BTC Approaches New High in Almost 6 Months - New Bull Market Starting? Bitcoin is currently experiencing a surge in prices, with its value reaching a new high after almost 6 months. This has led to speculation that a new bull market may be starting. On February 2nd, the BTC/USD opened tradi...
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Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs The Fed's interest hike matched the market consensus and weak employment data boosted investors' appetite for risk assets, but BTC traders should still exercise caution.
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Optimism Plans to Enhance L2 Scaling Network With 'Bedrock' Upgrade in March The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhan...
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Do Dogecoin's (DOGE) and Shiba Inu's (SHIB) stalled rallies mean the memecoin trend is dead? Absent shill and bullish newsflow, DOGE and SHIB have struggled to keep up with the wider crypto market rally that occurred in January.
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Lack of liquidity mitigated damages to BonqDAO exploit: Report After amassing $120 million in tokens through an infinite minting glitch, hackers reportedly only cashed out around $1 million due to a lack of liquidity on BonqDAO.
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Ethereum (ETH) price is aiming for $1,800 in February -- Here is why ETH price is finding support at $1,560 and multiple data points are beginning to hint at a possible rally to $1,800 before the end of February.
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Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not see...
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While Canto Price Explodes, These 3 Altcoins Might 10x CANTO, the cryptocurrency that powers Canto's Decentralized Finance (DeFi) focused layer-1 blockchain protocol, has been exploding higher in 2023. CANTO/USD is up a staggering around 530% since the turn of the year and h...
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FIO Protocol Launches NFT Domains Wrapped on Polygon PRESS RELEASE. FIO Protocol, the leading decentralized solution for global blockchain usability, has announced the launch of FIO Domain wrapping on the Polygon blockchain. Wrapping is the process of taking a token from o...
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Biggest Movers: AVAX Hits Highest Point Since August, Following 17% Jump Avalanche moved to its highest point since August, as the token rose by as much as 17% in today's session. Cryptocurrencies surged across the board, following the latest Federal Reserve rate hike, with the global market ...
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Avalanche 'bull trap' risks pushing AVAX price down by 30% in February The price of AVAX has more than doubled in 2023, but a growing divergence between several key metrics hints at a bearish reversal ahead.
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Today in Crypto: Top 10 Crypto Ransomware Attacks Took $69M in BTC Payments, Chainalysis Laid Off 5% of Workforce, TeraWulf Starts Public Offering of Common Stock Get your daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news.__________...
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Shiba Inu Price Prediction as SHIB Gets Accepted on New Virtual Prepaid Card - Time to Buy? Despite a pullback from earlier session highs in the broader cryptocurrency market on Thursday, dog-inspired meme coin Shiba Inu (SHIB), which lives as an ERC-20 token on the Ethereum blockchain, is pushing higher. The c...
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Bitcoin Records Largest Mined Block to Date, 4 MB Block Containing NFT Causes Unease Among Small-Block Supporters Amid the controversy surrounding the Ordinals project and the debate over what types of data should be stored on the Bitcoin blockchain, the network mined its largest block, nearly 4 MB in size, containing just 63 transa...
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Community mocks Charlie Munger for his obsession with China's Bitcoin ban The online community has expressed bewilderment over how China's crypto ban aligns with the United States' proclaimed principles of freedom.
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Is the Metaverse really turning out like 'Snow Crash'?

Coin Telegraph - 2 Feb 2023 16:30
Is the Metaverse really turning out like 'Snow Crash'? Neal Stephenson's science fiction novel Snow Crash predicted the Metaverse in 1992. This cult book has the amusingly-named Hiro Protagonist running around in an artificial cyber world, trying to stop a virus that wipes m...
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Billionaire Charlie Munger Says America Should Ban Crypto - Here's Why The US should follow in China's footsteps and implement "a ban of cryptocurrencies," according to billionaire investor Charlie Munger. Writing in an opinion piece for the Wall Street Journal on Wednesday, Mr. Munger said...
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What crypto hodlers should keep in mind as tax season approaches Filing crypto taxes can be complex, especially for those exploring the decentralized finance world. Here's what to keep in mind.
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