2023-02-18 (Saturday)

BITCOIN (BTC)

Current Price:  $ 24,653 (24h Changes: 2.72 % )

Current Market Cap:  $ 473,321,375,681 (24h Changes: 3.36 % )

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BTC-Positive News

1. Bitcoin trading volume up 80% at DBS Digital Exchange in 2022; customer base doubles
Source:  Crypto Reporter
Date:  Fri, 17 Feb 2023 10:48:41

DBS reported an 80% year-on-year growth in the number of Bitcoin (BTC) traded on the DBS Digital Exchange (DDEx) in 2022, and a doubling in the number of BTC custodised with the bank's digital asset custody solution.

2. Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs
Source:  Bitcoin
Date:  Fri, 17 Feb 2023 07:30:22

Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by adding roughly 2.44 exahash per second (EH/s) to the firm's fleet.

3. Bitcoin exhibits ‘extremely bullish signal' on 2-month Stochastic RSI chart
Source:  Finbold
Date:  Fri, 17 Feb 2023 09:50:19

After a brief rally, the cryptocurrency market is consolidating again in what looks like a continuous loop of good news and bad news for the industry, and Bitcoin (BTC) is no exception, but some of its technical analysis (TA) indicators are suggesting a bullish future for the maiden cryptocurrency.

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BTC-Neutral News

1. Do Kwon allegedly cashed out 100M worth of BTC via Swiss Bank
Source:  CryptoSlate
Date:  Fri, 17 Feb 2023 07:42:17

The United States Securities and Exchange Commission (SEC) alleged that Terraform Labs and its founder Do Kwon transferred over 10,000 BTC to a cold wallet and cashed out about $100 million via a Swiss Bank.

2. Research: Public Bitcoin Miners in better financial health despite 12.1% YoY drop in BTC holdings
Source:  CryptoSlate
Date:  Fri, 17 Feb 2023 12:38:17

Glassnode data analyzed by CryptoSlate shows that Bitcoin miners are beginning to enjoy some respite in the current year after struggling in 2022.

3. Bitcoin NFTs Challenge the Blockchain's Largest Use Case: Money
Source:  Coindesk
Date:  Fri, 17 Feb 2023 08:45:00

The Bitcoin community has been abuzz with conversations around how Ordinal Inscriptions could signal a technical improvement to NFTs. But the increased fees and transaction speeds associated with them could stifle Bitcoin's primary use case as a medium of exchange.

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BTC-Negative News

1. Bitcoin Falls But Remains Above This Key Level; Filecoin Emerges As Top Gainer
Source:  Benzinga
Date:  Fri, 17 Feb 2023 09:35:11

Bitcoin (CRYPTO: BTC) traded lower, but remained above the key level of $23,000 on Friday. Ethereum (CRYPTO: ETH) also recorded losses, but remained above the $1,600 mark this morning.

2. Do Kwon Cashed 10K BTC Using a Swiss Bank, Claims the SEC
Source:  CryptoPotato
Date:  Fri, 17 Feb 2023 09:16:23

The SEC claims the BTC wealth stood in a cold wallet not associated with any exchange.

3. Breaking: Terra Founder Do Kwon Cash-In 10,000 Bitcoin Via Swiss Bank
Source:  Coingape
Date:  Fri, 17 Feb 2023 07:59:21

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Terraform Labs and its co-founder Do Kwon for orchestrating a $40 billion securities fraud involving LUNA and Terra's algorithmic stablecoin TerraUSD (UST). Do Kwon and his company secretly processed over 10,000 BTC out of the company and converted some tokens into cash via a The post Breaking: Terra Founder Do Kwon Cash-In 10,000 Bitcoin Via Swiss Bank appeared first on CoinGape.

ETHEREUM (ETH)

Current Price:  $ 1,698.55 (24h Changes: 3.15 % )

Current Market Cap:  $ 204,729,204,486 (24h Changes: 3.24 % )

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ETH-Positive News

1. Ethereum Price Prediction - Why ETH Has Nothing to Fear From Staking Regulation And it May Boost Price Move $5k
Source:  Cryptonews
Date:  Fri, 17 Feb 2023 14:05:00

Ether (ETH)'s good week continued on Friday. The cryptocurrency, which is the world's second-largest by market capitalization and powers the smart-contract-enabled Ethereum blockchain, was last up around 3.5% in Friday and changing hands near $1,700, with its weekly gains standing around 12%. ETH's latest bounce means that it is back above its 21-Day Moving Average and back within a short-term bullish uptrend.

2. Polygon Outperforms Bitcoin, Ethereum With 5% Gains Ahead Of zkEVM Launch: MATIC 'To Make New All Time High,' Says Analyst
Source:  Benzinga
Date:  Fri, 17 Feb 2023 00:40:25

Polygon (CRYPTO: MATIC) surged 5% in the last 24 hours, beating Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). What Happened: The rally can be attributed to Polygon Labs saying that their highly anticipated zero-knowledge Ethereum Virtual Machine, or zkEVM, will be available for the public on Mar. 27, 2023.

3. Ethereum Recovers, But Returns To A Sideways Trend Below $1,700
Source:  Coin Idol
Date:  Fri, 17 Feb 2023 07:56:00

The Ethereum price (ETH) has re-entered the uptrend zone after retesting the resistance at $1,700.

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ETH-Neutral News

1. Unlike Merge, Ethereum's Shanghai Upgrade Could Bring Ether Price Volatility
Source:  Coindesk
Date:  Fri, 17 Feb 2023 06:07:39

The Merge turned out to be a non-event for the market, with ether's realized volatility dwindling in four weeks after the event. The impending Shanghai upgrade, however, might inject volatility into the market, one liquidity provider said.

2. Shanghai Upgrade to Greatly Impact Ethereum Volatility
Source:  Coinnounce
Date:  Fri, 17 Feb 2023 12:56:12

OrBit Markets, a supplier of institutional liquidity, has stated that the Shanghai upgrade will make it possible to withdraw more than 16.5 million ETH staked in the blockchain. leading to a major volatility.

3. Price analysis of Ethereum (ETH/USD)
Source:  The Cryptonomist
Date:  Fri, 17 Feb 2023 09:30:14

In particular, the release of US macro data, including the consumer price index (CPI) and producer prices (PPI), was much higher than expected.

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ETH-Negative News

1. Macro Guru Raoul Pal Warns Ethereum May Face 'GMI Crash Pattern' After Reaching This Level
Source:  Benzinga
Date:  Fri, 17 Feb 2023 07:16:58

Raoul Pal, former Goldman Sachs (NYSE: GS) executive, said that Ethereum's (CRYPTO: ETH) inverse chart is displaying a clear ‘GMI crash pattern.' What Happened: GMI Crash Pattern is characterized by a sharp sell-off, followed by a rally to test the highs and a failure to recapture the prior peak, before an accelerated downturn.

2. Bitcoin, BNB slide as ether is little changed; crypto stocks rise
Source:  The Block
Date:  Fri, 17 Feb 2023 09:53:14

Bitcoin and BNB fell more than 2% over the past 24 hours, while ether was little changed. Crypto-related stocks mostly rose.

3. Ethereum price analysis: ETH goes down to $1,672 as bears strike back
Source:  Cryptopolitan
Date:  Fri, 17 Feb 2023 12:16:17

Ethereum price analysis reveals that the price has been trading low since yesterday 16th February, as bears continue to dominate the market. The previous day the market experience sufficient bullish pressure which allowed the ETH/USD pair to reach a high of $1,737.

BINANCECOIN (BNB)

Current Price:  $ 314.28 (24h Changes: 2.56 % )

Current Market Cap:  $ 49,625,474,510 (24h Changes: 2.54 % )

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BNB-Neutral News

1. Why BNB's escape from danger zone is crucial for long-term investors
Source:  AMBCrypto
Date:  Fri, 17 Feb 2023 11:30:24

Many altcoins recently enjoyed a spell of upticks, but Binance Coin [BNB], which has been around some controversy, hardly joined the party. An assessment of crypto prices in the last seven days showed that the coin's performance was almost neutral despite rising above $300.

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BNB-Negative News

1. Bitcoin, BNB slide as ether is little changed; crypto stocks rise
Source:  The Block
Date:  Fri, 17 Feb 2023 09:53:14

Bitcoin and BNB fell more than 2% over the past 24 hours, while ether was little changed. Crypto-related stocks mostly rose.

CARDANO (ADA)

Current Price:  $ 0.4 (24h Changes: 4.01 % )

Current Market Cap:  $ 14,179,281,956 (24h Changes: 4.0 % )

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ADA-Positive News

1. The founder of the Cardano (ADA) crypto responds to concerns about contingent staking
Source:  The Cryptonomist
Date:  Fri, 17 Feb 2023 05:21:14

Charles Hoskinson, the founder of the Cardano (ADA) crypto project, recently responded to concerns about the concept of “contingent staking.”

2. Cardano rallies after Valentine upgrade goes live
Source:  Crypto news
Date:  Fri, 17 Feb 2023 13:39:34

The Cardano (ADA) blockchain released the Valentine upgrade, and the token has risen on the release.

3. Reasons why Cardano [ADA] can soon beat the bears in the market 
Source:  AMBCrypto
Date:  Fri, 17 Feb 2023 10:30:37

Input Output Global (IOG), Cardano's [ADA] developer, recently announced that its proof-of-concept EVM sidechain public testnet went live for developers to begin testing.

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ADA-Neutral News

1. XRP and Cardano (ADA) Are Completely utterly Useless – Says CEO of Financial Data Provider Estimize
Source:  CoinPedia
Date:  Fri, 17 Feb 2023 03:05:20

The XRP and Cardano (ADA) markets have both garnered significant global attention, receiving both praise and criticism. The Ripple-backed XRP currently has a market capitalization of approximately $19,680,679,643 and a 24-hour trading volume of roughly $1,399,622,641, with a current exchange rate of around $0.387522 as of Friday.

2. Crypto Price Analysis Feb-17: ETH, XRP, ADA, MATIC, OKB
Source:  CryptoPotato
Date:  Fri, 17 Feb 2023 07:07:09

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and OKB. Ethereum (ETH) Ethereum had a great rally this past week but failed to break above the key resistance at $1,660.

RIPPLE (XRP)

Current Price:  $ 0.4 (24h Changes: 2.42 % )

Current Market Cap:  $ 20,113,118,854 (24h Changes: 2.51 % )

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XRP-Positive News

1. Will Ripple's CBDC Boost Singapore's Financial Sector?
Source:  Dailycoin
Date:  Fri, 17 Feb 2023 12:00:42

Ripple is pursuing CBDC initiatives worldwide and has established a large practice in Singapore, according to Senior VP Brook Entwistle.

2. XRP News: Whale Adding More XRP Amid Price Dump; Big Move Coming Ahead?
Source:  Coingape
Date:  Fri, 17 Feb 2023 08:51:40

XRP News: Ripple's native crypto, XRP price is on a downtrend due to increased volatility in the crypto market. However, XRP price usually shows some movement in reaction to updates coming out from the U.S. SEC Vs Ripple lawsuit.

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XRP-Neutral News

1. Ripple Holds Above $0.38 And Returns To Range Bound Zone
Source:  Coin Idol
Date:  Fri, 17 Feb 2023 06:16:00

The price of Ripple (XRP) has fallen below the low of $0.36 and entered the bearish trend zone.

2. AI sets XRP price for the end of 2023
Source:  Finbold
Date:  Fri, 17 Feb 2023 08:21:05

Investors are keeping a close eye on the price of XRP as the cryptocurrency industry waits for the outcome of the case brought forward by the United States Securities and Exchange Commission (SEC) against Ripple.

3. Crypto Price Analysis Feb-17: ETH, XRP, ADA, MATIC, OKB
Source:  CryptoPotato
Date:  Fri, 17 Feb 2023 07:07:09

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and OKB. Ethereum (ETH) Ethereum had a great rally this past week but failed to break above the key resistance at $1,660.

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XRP-Negative News

1. Forbes deletes piece on ETH and XRP amid crypto community outrage
Source:  Crypto news
Date:  Fri, 17 Feb 2023 04:49:32

A recent article by Senior Forbes Contributor Dr. Roslyn, has been pulled down sparkling a response from attorney Deaton. The piece by Roslyn was about the treatment differences by SEC on ETH and XRP

SOLANA (SOL)

Current Price:  $ 23.18 (24h Changes: 3.73 % )

Current Market Cap:  $ 8,739,267,010 (24h Changes: 4.0 % )

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SOL-Positive News

1. Solana Price Prediction as $800 Million Trading Volume Floods In – Here's Where SOL is Headed Now
Source:  Cryptonews
Date:  Fri, 17 Feb 2023 11:25:00

Solana (SOL), the cryptocurrency that powers Solana's high-performance smart-contract-enabled blockchain, saw an impressive $830 million in trading volumes on Thursday, according to data presented by crypto analytics platform Token Terminal. That was the second-highest daily trading volume in two weeks, with only Wednesday (the 15th of February) clocking in ahead with volumes of $850 million.

2. Solana onboards new protocol that will allow users to trade real
Source:  AMBCrypto
Date:  Fri, 17 Feb 2023 01:30:40

Last year's bear market was a big wake-up call for blockchain networks. It revealed the need to focus on real-world utility and many networks have aligned themselves to explore opportunities within traditional industries.

3. Why Bitcoin, Ethereum, and Solana Were On Fire This Week
Source:  The Motley Fool
Date:  Fri, 17 Feb 2023 12:32:24

Regulations didn't discourage crypto investors this week.

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SOL-Neutral News

1. Solana tries to improve network appeal, but gets pulled back by these indicators
Source:  AMBCrypto
Date:  Fri, 17 Feb 2023 13:30:46

In the hope of enticing more developers to come and build on the platform, the Solana [SOL] ecosystem announced a slew of new features.

AVALANCHE (AVAX)

Current Price:  $ 19.52 (24h Changes: 4.47 % )

Current Market Cap:  $ 6,152,334,273 (24h Changes: 4.54 % )

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AVAX-Neutral News

1. Polygon (MATIC) and Avalanche (AVAX) on the rebound
Source:  The Cryptonomist
Date:  Fri, 17 Feb 2023 06:15:18

The token's jump up coincided with the break of resistance at 55.00 on the RSI but at the moment the strength is not sufficient to continue the action taken.

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AVAX-Negative News

1. Avalanche-based Stablecoin Exchange Platypus Reportedly Loses $8.5M in an Exploit
Source:  BlockchainReporter
Date:  Fri, 17 Feb 2023 07:37:13

The Platypus exploiter took away a profit of nearly $8.5M. The blockchain security platform SlowMist reported the incident on its Twitter channel.

2. Avalanche's Platypus DeFi suffers $8.5m flash loan attack
Source:  Crypto news
Date:  Fri, 17 Feb 2023 04:38:30

Platypus DeFi has suffered a flash loan attack, losing about $8.5 million to the attacker. The unfortunate news has crashed the price of the project's Platypus USD (USP) token by over 52 percent in the past 24 hours.

3. Platypus Finance hacked for $9M on Avalanche
Source:  CryptoSlate
Date:  Fri, 17 Feb 2023 04:01:25

The DeFi application Platypus Finance has suffered a $9 million attack, according to a series of tweets from the blockchain security firm CertiK on February 16.

POLKADOT (DOT)

Current Price:  $ 7.32 (24h Changes: 15.03 % )

Current Market Cap:  $ 8,811,571,858 (24h Changes: 15.0 % )

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DOT-Positive News

1. Polkadot price analysis: DOT rises to $6.85 after a strong bullish run
Source:  Cryptopolitan
Date:  Fri, 17 Feb 2023 12:47:39

Polkadot price analysis shows the price has entered a bullish trend for the last 24 hours. The prices have been trading above the $6.85 support level, which strongly shows bullish momentum.

2. DOT Price (Polkadot) Prediction: Indicators Suggest Key Bullish Breakout
Source:  NewsBTC
Date:  Fri, 17 Feb 2023 00:22:44

Polkadot's DOT started a fresh increase from the $5.80 support against the US Dollar. The bulls seem to be aiming a strong breakout above $6.80 and $7.00.

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DOT-Negative News

1. Crypto Prices Today: Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Polkadot (DOT)
Source:  Coingape
Date:  Fri, 17 Feb 2023 03:00:55

Crypto Prices Today: Statements made by the Federal Reserve, which suggest a willingness to raise interest rates or take other actions to control inflation have impacted the crypto market as Bitcoin and a few Altcoins fall today.  As of writing, Bitcoin price decreases by 3.28% in the last 24 hours.