DeFi News Daily Official TheBitTimes.com

Feb 28, 2023 at 08:00 // Price Author Coin Idol Litecoin (LTC) price is falling, but it is trapped between the moving average lines. Long-term forecast of the Litecoin price: bearish The cryptocurrency asset has been trapped between the moving average lines since February 20. The bears failed in their attempt to break the 50-day line SMA on February 24. If the 50-day line SMA is broken, Litecoin could fall to a low of $88 or $84. Bulls bought the dips when the price of LTC fell to a low of $90. After that, the altcoin recovered. The 21-day line SMA also r...

Cocos Blockchain Expedition is a decentralized autonomous organization (DAO) that aims to use decentralization technology and MetaFi to enable the future Metaverse. The project currently develops various infrastructures for GameFi, NFT, IGO, and more. Cocos-BCX seeks to connect more creators into the crypto world via GameFi incubation, distribution, IGO investment, and community while continuously providing top-notch GameFi projects to the community’s users. Its crypto token, COCOS, saw a downtrend of 0.90% in the last 24 hours. However, the coin and the general crypto market have been on a rally in the last 30 days. Could now be the best time to buy? Buy the Dip for Long Term Gain The broader crypto market has kept up a good rally and has seen an uptrend of 1.10% in the last day. However, some digital assets, such as COCOS, have dropped by 0.90% in the last 24 hours. Investors should note that the crypto asset has steadily rallied in the last month, and coupled with the broad...

Dogecoin is responsible for much of the current expansion of the meme coin world. The movement started with DOGE and quickly expanded to other meme coin s, such as Shiba Inu. Nevertheless, Dogecoin ’s rapid climb took off when Tesla CEO Elon Musk openly embraced it and began tweeting about it. DOGE’s price has risen with each encouraging tweet from Musk, confirming its place as one of the market’s most popular meme coin s. Also read: Ripple (XRP) Price Prediction for March 2023 The rising popularity has made DOGE a whale favorite. According to the latest details from Twitter user Dogecoin Whale Alert, a top-20 DOGE wallet has moved over 359 million Dogecoin to a Binance wallet. 🐕🪙🐋🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨 190,840,745 $DOGE ($15,539,399 USD) was transferred from a #Top20 wallet to a #Binance wallet. Fee: 2.41 ($0.20 USD) Tx: https...

The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the risks posed by crypto assets while also harnessing the potential benefits of the technological innovation.” IMF Executive Board Provides Guidance on Crypto Regulation The International Monetary Fund (IMF) announced on Thursday the outcome of a discussion held by its executive board directors on a paper titled “Elements of Effective Policies for Crypto Assets.” Noting that the paper sets forth a regulatory framework that “can help members develop a comprehensive, consistent, and coordinated policy response” to crypto assets, the IMF emphasized: By adopting the framework, policymakers can better mitigate the risks posed by crypto assets while also harnessing the potential benefits of the technological innovation ass...

Join Our Telegram channel to stay up to date on breaking news coverage While the cryptocurrency marketplace continues to deal with the impact of the SEC launching legal action against Paxos as well as its BUSD stablecoin, the price of Litecoin increased by 1.4% in the last day, rising to $91.34. The currency has increased 4% over the past 30 days, but its current value reflects a 5% decline over the previous week. The Litecoin Foundation’s announcement that its Mastercard-powered LTC Card will be released in Europe has contributed to this admiration during the past month. Moreover, the 24-hour trading volume of LTC has surpassed $600 million, suggesting that the token may continue to increase in value over the next several days. Litecoin: Will it exceed $1,000 in 2023? Litecoin’s signs are still pointing to a potential decline shortly. In recent days, the RSI fell below 50 and may continue to decline along with the price of the coin. Moreover, LTC’s 1-month ...

Global crypto exchange Binance is now hiring IT specialists and customer service representatives for its operations in Romania. The leading coin trading platform is also engaged in a number of educational initiatives in collaboration with Romanian universities and authorities. Cryptocurrency Exchange Binance Recruiting Personnel for Romania Offices Binance, the largest crypto exchange by trading volume, intends to hire a number of professionals this year for its technology hub in Iași, Romania’s third largest city. The hub was established in 2022 and the company is now recruiting its staff. Job openings are already available for IT specialists, including in backend, quality assurance, frontend, and mobile, the Romania Insider portal reported. Expertise is needed in Java, typescript, iOS and Android, automation, and framework. Binance Country Manager for Romania Ilie Pușcaș stated: Binance is constantly hiring and developing around the world, and Romania, recognized for its high ski...

According to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count. L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket Layer two (L2) scaling networks have become popular over the last two years as secondary chains allow users to transact faster and pay fewer fees. Thirty-nine days ago, in mid-January 2023, the combined daily transaction count from L2 networks Optimism and Arbitrum surpassed Ethereum’s daily transaction count. However, the transaction count subsided and ETH’s transfer count exceeded both networks’ counts until Feb. 21, 2023. Statistics show that Arbitrum’s daily transaction count has surged this week and surpassed Ethereum’s for the first time ever on Tuesday. On Feb. 21, 2023, Arbitrum processed 1.1 million tr...

Join Our Telegram channel to stay up to date on breaking news coverage Shiba Inu dog meme-inspired play-to-earn (P2E) web3 gaming ecosystem Tamadoge just launched its third arcade game. The release of “To The Moon” comes after the hugely successful release of the gaming platform’s first two games, Super Doge and Rocket Doge. 🎉It’s OFFICIAL! Let's welcome #ToTheMoon to #TamadogeArcades What are you waiting for? Join the competition now to be one of the first WINNERS😎 Play now!🎮⬇️https://t.co/ENnUET7h5x pic.twitter.com/4wZRL19NlS — TAMADOGE (@Tamadogecoin) February 22, 2023 In the latest arcade game, users compete to bounce their Tamadoge NFT as high as possible on a pogo stick, all while dodging obstacles like spikes and seagulls and whilst collecting coins. “The team continues to deliver on our public roadmap and we’re already proving that players love casual Web3 play-to-earn games,” ...

2022 was a tough year for the entire cryptocurrency market. While several firms went bankrupt, others had to make major cuts. Thousands lost their jobs in addition to the detrimental bear market. Many people believe that the notion will not be carried forward into 2023, but Coinbase has indicated a different narrative. The Coinbase CFO hinted at the possibility of another round of layoffs. Alesia Haas revealed that the firm would carry out more layoffs in order to boost the exchange’s financial performance. It should be noted that Coinbase has trimmed its workforce several times in the last couple of months. More recently, toward the end of January, the firm let go of 950 employees. The U.S.-based exchange cut 18% of its staff in June 2022 as well. She said, “We are looking to improve EBIDTA year over year. If we find we are not able to do so, we will right-size our expenses. We are nimble, we will take necessary steps.” On the contrary, Coinbase’s fo...

Bitcoin lacks both active address growth and significant on-chain volume in a divergence from previous BTC price bull markets. Bitcoin (BTC) still lacks the on-chain volume and active address increases which characterize bull markets, research warns. In a frank appraisal of the 2023 BTC price rebound, on-chain analytics platform CryptoQuant warned that Bitcoin may be weaker than it seems. Active addresses not copying bull market paradigm As on-chain metrics flip green and some even flash bull signals not seen in years, a healthy dose of suspicion remains among many analysts. CryptoQuant contributor Yonsei_dent is among them, writing in one of the platform’s Quicktake blog posts this week that 2023 does not chime with previous bull markets. The problem, he explains, lies in active addresses, which are not increasing in number despite BTC/USD gaining almost 50% year-to-date. “Active Addresses is a metric that includes all addresses sending and receiving BTC, providing a look at how a...

Alyse Sue, the incoming Head of Metaverse Futures at KPMG, said the goal is to create a multimillion-dollar business opportunity by 2025. The Australian affiliate of the Big Four accountancy firm KPMG may soon conduct executive meetings and close multimillion-dollar agreements with customers in the Metaverse, as the company is now investigating how the groundbreaking technology may revolutionise its business model. In a recent interview, KPMG’s James Mabbott, Partner-in-Charge of KPMG Futures, said that the company sees great promise in the technology’s ability to create new and more efficient methods for companies and customers to communicate. “I think the exciting applications are going to be in the business-to-business context […], And I think that I actually think that’s where the money is going to be [even] more so than the consumer-driven participation.” Mabbott said that virtual interactions on Metaverse platforms might cha...

Since leaving The Walt Disney Company, Bob Iger has served as an advisor and board member for the digital avatar platform Genies. Bob Iger, a supporter of the metaverse, has announced his unexpected return to his previous position as CEO of Disney, succeeding the now-former CEO Bob Chapek. While Iger is most known for his 15-year tenure as CEO of the worldwide entertainment giant, he gained prominence in the cryptocurrency industry after becoming a director, consultant, and investor in Genies. This digital avatar platform runs on Dapper Labs’ Flow blockchain. “Thrilled to be joining the Genies Board of Directors to help Akash Nigam and company empower humans to create the ‘mobile apps of Web3’: avatar ecosystems,” Iger said. Iger was still an executive and board chairman at Disney on December 28 when the corporation filed for a metaverse-related patent. The patent was for a “virtual-world simulator in a real-world venue,...

Join Our Telegram channel to stay up to date on breaking news coverage The Conflux price trades at $0.2153 with a bearish bias as bears try to undo the recent gains displayed by the token. CFX is up 366% over the past 6 days and 25% in the last 24 hours. Its 24-hour trading volume has increased by 108% to $538 million, pointing to increasing trader interest in the token. With a live market cap of $445 million, the Conflux token is at #94 according to the CoinMarketCap ranking .  The recent uptrend in the Conflux price is attributed to the recent news that China Telecom was planning to build “blockchain-enabled SIM” (BSIM) cards on the proof-of-work (PoW)/Proof-of-stake (PoS) hybrid blockchain.  The Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in Hong Kong later this year. pic.twitter.com/ucp8ZgoeUk — Conflux Network...