2023-02-23 (Thursday)

BITCOIN (BTC)

Current Price:  $ 24,195 (24h Changes: -0.64 % )

Current Market Cap:  $ 467,269,969,328 (24h Changes: -0.69 % )

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BTC-Positive News

1. Paraguay to Become Top Bitcoin Mining Hub in Latam According to Insight Group
Source:  Bitcoin
Date:  Wed, 22 Feb 2023 07:30:50

Paraguay, one of the smallest countries in Latam, has the conditions needed to become the next Bitcoin mining hub in the region, according to mining insight group Hashrate Index. The company notes there are many elements in favor of Paraguay, including the abundance of clean hydroelectric power sources.

2. Bitcoin Briefly Tops $25K, Sees 12% Rise in Past Week
Source:  Coindesk
Date:  Wed, 22 Feb 2023 14:00:03

Bitcoin (BTC) is soaring to its highest level since August, posting 12% gains in the last week after briefly surpassing $25,000. Plus, bitcoin call options or bullish bets are seeing increased activity in the past 24 hours.

3. Galaxy Digital's Novogratz On Why Bitcoin Could Hit $30k Before the End of March Amid Rising FOMO
Source:  Zycrypto
Date:  Wed, 22 Feb 2023 14:10:47

Mike Novogratz, the CEO and founder of Galaxy Digital Holdings Limited, said Wednesday that Bitcoin could close the quarter at $30,000, citing the fear of missing out (FoMO) among investors and the general excitement around the flagship crypto.

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BTC-Neutral News

1. Bitcoin Price Analysis: 23836 Level Tested - 23 February 2023
Source:  Crypto Daily
Date:  Wed, 22 Feb 2023 11:00:00

BTC/USD Orbiting 24000:  Sally Ho's Technical Analysis – 23 February 2023 Bitcoin (BTC/USD) continued to orbit the 24000 figure early in the Asian session as the pair continued to trade above the 23790.51 level, representing the 38.2% retracement of the appreciating range from 21366.45 to 25288.88.  After establishing a fresh multi-month high around the 25288.88 area, BTC/USD depreciated and has twice tested the 23836.29 area, a downside price objective related to selling pressure that strengthened around the 24786.92 area.

2. Bitcoin Volatility Holds Steady As the VIX and MOVE Spike
Source:  Coindesk
Date:  Wed, 22 Feb 2023 09:45:48

Bitcoin's relative stability is reflective of mainstream disinterest in the crypto market, one observer said.

3. Bitcoin must leverage $1T central bank liquidity to beat sellers — research
Source:  Cointelegraph
Date:  Wed, 22 Feb 2023 11:21:20

BTC price action is all but guaranteed to benefit from extra central bank liquidity, but the journey higher is fraught with difficulty, says QCP Capital.

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BTC-Negative News

1. Analyst Warns Crypto Traders Making Big Mistake With Bitcoin (BTC) Right Now – Here's Why
Source:  The Daily Hodl
Date:  Wed, 22 Feb 2023 14:05:36

A popular analyst is warning that crypto traders are jumping the gun by piling into Bitcoin (BTC) now.

2. Uppsala Security Says 500 Fraud Incidents Reported in 2022, 52.4B KRW Lost in ETH and BTC
Source:  BlockchainReporter
Date:  Wed, 22 Feb 2023 07:02:26

Uppsala Security-based CIRC's latest report claims that romance-based scams remained the most prevalent in crypto sector during 2022.

3. Bitcoin Extends Losses; SingularityNET Becomes Top Loser
Source:  Benzinga
Date:  Wed, 22 Feb 2023 09:34:47

Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices extending losses on Wednesday. Ethereum (CRYPTO: ETH) also moved lower, but still traded above the $1,600 mark this morning.

ETHEREUM (ETH)

Current Price:  $ 1,643.18 (24h Changes: -0.42 % )

Current Market Cap:  $ 198,221,688,480 (24h Changes: -0.61 % )

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ETH-Positive News

1. The Story of Buying 50,000 ETH for Just $15000 By Reddit Co-Founder
Source:  Crypto Economy
Date:  Wed, 22 Feb 2023 07:41:55

Alexis Ohanian, the co-founder of Reddit, was always one step ahead of the game. He bought 50,000 Ether for $15K.

2. Web3 Startup Aims For Mastercard Purchases Via Ethereum Wallets
Source:  Blockworks
Date:  Wed, 22 Feb 2023 08:26:30

Web3 startup Immersve is preparing a new Mastercard-powered product for Ethereum users across Australia and New Zealand

3. Ethereum developers schedule Shanghai upgrade on Sepolia testnet for Feb. 28
Source:  The Block
Date:  Wed, 22 Feb 2023 06:47:15

Sepolia will be the second public testnet to deploy the upgrade, following testing on the Zhejiang testnet earlier this month.

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ETH-Neutral News

1. Is the Shapella upgrade the key to Ethereum's success following the Merge?
Source:  Cryptopolitan
Date:  Wed, 22 Feb 2023 07:53:02

On February 28, Ethereum core developer Tim Beiko announced the upcoming Shapella network upgrade. Set to activate on the Sepolia network at epoch 56832, Shanghai and Capella (Shapella) are the names of this hard fork's execution and consensus layers, respectively.

2. Price analysis 2/22: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Source:  Cointelegraph
Date:  Wed, 22 Feb 2023 14:18:04

BTC and altcoins are pulling back sharply, but is today's correction a simple lower support retest, or a sign of worse things to come?

3. Ethereum (ETH) Reduction in Supply Reaches New Record – Will Price Rise to $2,000?
Source:  BeInCrypto
Date:  Wed, 22 Feb 2023 09:30:00

The Ethereum (ETH) price trend can be determined by the reaction to the current resistance area.

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ETH-Negative News

1. Uppsala Security Says 500 Fraud Incidents Reported in 2022, 52.4B KRW Lost in ETH and BTC
Source:  BlockchainReporter
Date:  Wed, 22 Feb 2023 07:02:26

Uppsala Security-based CIRC's latest report claims that romance-based scams remained the most prevalent in crypto sector during 2022.

2. Ethereum Price Tumbles As Bitcoin Slides Below 24,000
Source:  InvestingCube
Date:  Wed, 22 Feb 2023 04:54:34

Our Ethereum price prediction suggests that the price is making an ascending triangle pattern. A breakdown can send ETH price below $1200.

3. Bitcoin, Ethereum Technical Analysis: BTC Falls Below $24,000 Ahead of FOMC Minutes 
Source:  Bitcoin
Date:  Wed, 22 Feb 2023 08:30:31

Bitcoin extended recent declines on Feb. 22, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes. Following a recent move to a multi-month high, prices have slipped, with traders instead protecting profits. Ethereum has also declined, however remains above the $1,600 mark.

BINANCECOIN (BNB)

Current Price:  $ 312.74 (24h Changes: 0.55 % )

Current Market Cap:  $ 49,356,628,629 (24h Changes: 0.56 % )

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BNB-Neutral News

1. Crypto Sharks Are Dumping Binance (BNB) and Adding TMS Network (TMSN) and Litecoin (LTC) to their Wallets
Source:  CryptoNewsFlash
Date:  Wed, 22 Feb 2023 05:00:16

The last few years have seen enormous hype in the crypto sphere, and they were particularly good years for crypto service provider Binance (BNB).

2. Price analysis 2/22: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Source:  Cointelegraph
Date:  Wed, 22 Feb 2023 14:18:04

BTC and altcoins are pulling back sharply, but is today's correction a simple lower support retest, or a sign of worse things to come?

CARDANO (ADA)

Current Price:  $ 0.39 (24h Changes: -0.51 % )

Current Market Cap:  $ 13,642,485,682 (24h Changes: -0.71 % )

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ADA-Positive News

1. Cardano Price Prediction as New Report Shows ADA Whale Activity Skyrocketing – Time to Buy?
Source:  Cryptonews
Date:  Wed, 22 Feb 2023 11:16:00

According to a recent blog post by crypto analytics firm Santiment, so-called whale transactions on the Cardano blockchain have seen a massive spike since the start of February. In the past few weeks, the number of ADA transactions with a USD value of at least $100,000 has frequently hit 2,000 per day. In the last few months prior to February, the number of transactions above $100,000 in value per day had rarely gone above 500.

2. Cardano (ADA) Awaits Breakout Above $0.44 Amidst Increased Whale Interest & Rising TVL
Source:  CoinPedia
Date:  Wed, 22 Feb 2023 10:44:48

The Cardano (ADA) market has been on a rising trajectory for the past eight weeks. The proof-of-stake-based blockchain has attracted significant whale attention that helped push ADA prices from about $0.25 to around $0.40 since the calendar flipped. However, the bullish momentum has dramatically reduced in February compared to the prior month.

3. Cardano's Charles Hoskinson Defends Controversial Staking Feature Amid Censorship Accusations
Source:  UToday
Date:  Wed, 22 Feb 2023 03:58:00

Cardano founder Charles Hoskinson has pushed back against criticism of the blockchain's contingent staking feature during a conversation on Twitter Spaces.

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ADA-Neutral News

1. The creator of the Cardano blockchain on the regulatory attack on crypto: what is the trigger?
Source:  The Cryptonomist
Date:  Wed, 22 Feb 2023 08:40:39

Renowned blockchain developer and creator of Cardano (ADA), Charles Hoskinson, shared his views on the recent regulatory actions against the cryptocurrency industry.

2. Price analysis 2/22: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Source:  Cointelegraph
Date:  Wed, 22 Feb 2023 14:18:04

BTC and altcoins are pulling back sharply, but is today's correction a simple lower support retest, or a sign of worse things to come?

3. Cardano Recovers Above $0.38 Support And Targets The Previous High
Source:  Coin Idol
Date:  Wed, 22 Feb 2023 06:54:00

Cardano (ADA) price has been in a bullish trend zone, but has fallen below the 21-day SMA.

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ADA-Negative News

1. Cardano [ADA] faces rejection at $0.41, how low can it go?
Source:  AMBCrypto
Date:  Wed, 22 Feb 2023 09:30:20

Cardano [ADA] was unable to hold on to the gains it made in the latter half of the past week. On 15 February, the price ascended from $0.383 to $0.418.

2. US Officials Could Be Sabotaging Crypto Industry, According to Cardano Creator Charles Hoskinson
Source:  The Daily Hodl
Date:  Wed, 22 Feb 2023 10:30:23

Cardano (ADA) creator Charles Hoskinson is expressing concerns about the treatment of the crypto industry by US authorities. In reaction to a tweet by Kraken founder Jesse Powell theorizing that regulators deliberately allowed “bad guys” to thrive to further their goals, Hoskinson says that it's “starting to feel” as if the hypothesis is “accurate.

RIPPLE (XRP)

Current Price:  $ 0.4 (24h Changes: 1.78 % )

Current Market Cap:  $ 20,216,640,872 (24h Changes: 1.26 % )

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XRP-Positive News

1. Bullish Ripple News Could Propel XRP Price to Break out From Long-Term Resistance
Source:  BeInCrypto
Date:  Wed, 22 Feb 2023 10:00:00

The XRP channel breakout could be a catalyst for a bullish pump.

2. Demand for Relisting of Ripple (XRP) on Coinbase Grows, Constant Upgrades Keep Waves (WAVES) in Momentum, TMS Network's (TMS) Initial Coin Offerings Make Big Stride
Source:  BlockchainReporter
Date:  Wed, 22 Feb 2023 08:22:29

Learn about the latest market developments in the crypto world, including the Ripple (XRP) relisting campaign, Waves (WAVES) network's constant upgrades, and TMS Network's (TMS) initial coin offerings.

3. XRP Lawyer Exposes SEC's Crypto Custodian Shake Up – Reveals Shocking Hidden Agenda!
Source:  CoinPedia
Date:  Wed, 22 Feb 2023 02:43:24

On February 15, the United States Securities and Exchange Commission announced proposed rule changes to enhance protections of customer assets managed by registered investment advisers. According to the proposed rules, investment advisers are expected not to inappropriately use, lose, or abuse investors' assets.

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XRP-Neutral News

1. XRP News: Hinman Docs To Gain Public Access? US SEC Blocking Doors
Source:  Coingape
Date:  Wed, 22 Feb 2023 09:11:57

XRP News: The crucial fight over the infamous Hinman Ethereum speech related documents and e-mails is only halfway done in the U.S. Securities and Exchange Commission (SEC) Vs Ripple Lawsuit. The commission has surrendered its assertion over the much debated documents.

2. Ripple v. SEC: Motion filed to amend request to access Hinman speech citing error
Source:  Finbold
Date:  Wed, 22 Feb 2023 07:38:17

The case between Ripple and the Securities Exchnage Commission (SEC) has turned its focus once again on the controversial Hinman speech documents over their unsealing. 

3. Ripple Vs SEC: Dr. Layton Actions For Judicial Transparency, Demands Public Access To Hinman Speech Documents
Source:  CoinPedia
Date:  Wed, 22 Feb 2023 10:54:34

Dr. Roslyn Layton, a regulatory policy scholar, has filed an amended motion to intervene in the Ripple vs. SEC lawsuit in a bid to access internal SEC documents related to a speech former SEC Director of Corporation Finance William Hinman gave in 2018.

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XRP-Negative News

1. Ripple: SEC Chair Gensler Hides Dirty Secrets, CryptoLaw Unveils Them
Source:  Bitcoinist
Date:  Wed, 22 Feb 2023 03:30:48

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is widely considered the most important precedent for the crypto industry. If SEC Chairman Gary Gensler and his agency prevail in the case, the crypto industry can expect an even tougher crackdown from the U.S. regulator.

SOLANA (SOL)

Current Price:  $ 24.21 (24h Changes: -2.13 % )

Current Market Cap:  $ 9,168,967,976 (24h Changes: -2.56 % )

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SOL-Positive News

1. Solana Spaces shuts down physical stores to focus on NFT airdrop platform DRiP
Source:  Cryptopolitan
Date:  Wed, 22 Feb 2023 05:36:05

On February 21, Solana Spaces announced that it would close its two retail stores in New York City and Miami at the end of the month. The Solana-themed, community-oriented stores intended to onboard more users but didn't reach their goals.

2. Winning crypto assets don't change: redemption of Solana (SOL) and Cronos (CRO)
Source:  The Cryptonomist
Date:  Wed, 22 Feb 2023 08:34:21

The Accelerator, which is a quarterly road map with the purpose of attracting new blood from the perspective of platform developers, is the driving force behind the future.

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SOL-Neutral News

1. Solana (SOL) Price Analysis: This Support Might Trigger Fresh Increase
Source:  LiveBitcoinNews
Date:  Wed, 22 Feb 2023 02:08:53

Solana price started a decent increase above the $22 resistance against the US Dollar. The price is now trading above $22 and the 55 simple moving average (4-hours).

2. Price analysis 2/22: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Source:  Cointelegraph
Date:  Wed, 22 Feb 2023 14:18:04

BTC and altcoins are pulling back sharply, but is today's correction a simple lower support retest, or a sign of worse things to come?

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SOL-Negative News

1. Solana Spaces Close Less Than a Year After Opening
Source:  CryptoPotato
Date:  Wed, 22 Feb 2023 03:39:37

The retail stores dedicated to Solana will be closing down, with the owner focusing on online-only NFT projects.

2. Biggest Movers: LTC Snaps Losing Streak, SOL Moves 7% Lower
Source:  Bitcoin
Date:  Wed, 22 Feb 2023 11:35:27

Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token rose for the first time since Saturday's session, when prices were above $100.00. On the other hand, solana extended recent declines, falling by as much as 7%.

3. Crypto Winter Sees Solana Spaces Stores Shut Doors
Source:  BeInCrypto
Date:  Wed, 22 Feb 2023 13:00:00

The offline Solana merchandise store, “Solana Spaces,” which hosted over 75,000 people, will shut down amidst the crypto winters.

AVALANCHE (AVAX)

Current Price:  $ 20.32 (24h Changes: -2.34 % )

Current Market Cap:  $ 6,416,956,498 (24h Changes: -2.7 % )

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AVAX-Positive News

1. Tencent Cloud enters Web3, strikes deals with Avalanche, Ankr
Source:  Crypto news
Date:  Wed, 22 Feb 2023 08:29:36

Tencent Holdings' cloud service provider, Tencent Cloud, has announced its interest and entry into web3.

2. Volume Action Hints Avalanche Price To Prolong Bullish Recovery; Is $25 Within Reach?
Source:  Coingape
Date:  Wed, 22 Feb 2023 08:30:03

During the first half of February, the Avalanche coin price witnessed a minor correction to the local support of $17.5. This short counter-trend move eased off the excessive buying in the market, allowing it to recuperate the bullish momentum.

3. Breaking: Tencent Announces Web3 Strategic Partnership With Ankr, Avalanche, Scroll, Sui
Source:  Coingape
Date:  Wed, 22 Feb 2023 05:54:15

Tencent Cloud, a subsidiary of technology company Tencent, announces to actively support Web3 developments and contribute to the sustainable development of the global Web3 community. The cloud service company has partnered with crypto platforms including Ankr, Avalanche, Scroll, and Sui for improvements in the Web3 ecosystem.

COSMOS (ATOM)

Current Price:  $ 13.6 (24h Changes: -1.51 % )

Current Market Cap:  $ 3,981,534,030 (24h Changes: -1.62 % )

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ATOM-Positive News

1. Cosmos Hub's v9 Lambda Upgrade Aims To Revolutionize Inter-Chain Security
Source:  Coincu
Date:  Wed, 22 Feb 2023 05:55:15

Key Points: Cosmos Hub's v9 Lambda upgrade proposal includes the Replicated Security feature, which aims to enforce inter-chain security rules for better scalability. The Governance Forum recently voted on the v9 Lambda upgrade proposal for Cosmos Hub.

POLKADOT (DOT)

Current Price:  $ 7.17 (24h Changes: -0.65 % )

Current Market Cap:  $ 8,652,552,404 (24h Changes: -0.95 % )

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DOT-Positive News

1. Polkadot [DOT]: Network development spikes, but bears remain lurking
Source:  AMBCrypto
Date:  Wed, 22 Feb 2023 10:30:21

According to a 22 February tweet by Santiment, Polkadot has once again emerged as the leading blockchain network in terms of development activity over the last 30 days. The data highlighted the continued growth and innovation within the ecosystem, as developers and users contributed to its expansion alike.

2. DOT Price (Polkadot) Prediction: Another Increase Possible If This Support Holds
Source:  NewsBTC
Date:  Wed, 22 Feb 2023 01:08:46

Polkadot's DOT started a fresh increase above the $6.50 resistance against the US Dollar. The price is now correcting gains, but dips might be limited below $6.80.

3. DOT In Red Despite Polkadot Increase In Developer Activity
Source:  NewsBTC
Date:  Wed, 22 Feb 2023 13:00:10

While the rest of the crypto asset blockchain has recorded few added developers, Polkadot has proved to be more vigorous. According to the market intelligence platform, Santiment, Polkadot has seen a surge in developer activity emerging as the leading crypto network with developer activity.

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DOT-Neutral News

1. Polkadot (DOT) Holds 15% Gains On Weekly Chart As Top Coins Plunge Heavily
Source:  NewsBTC
Date:  Wed, 22 Feb 2023 09:00:27

The general crypto market is trading in the red today, which may be due to the FOMC minutes being released today. The anticipation has dulled investors' interest bringing even the largest cryptocurrency, BTC, down by 2.38% in 24 hours.

2. Price analysis 2/22: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Source:  Cointelegraph
Date:  Wed, 22 Feb 2023 14:18:04

BTC and altcoins are pulling back sharply, but is today's correction a simple lower support retest, or a sign of worse things to come?

3. Why Bitcoin, Ethereum, and Polkadot Are Falling Today
Source:  The Motley Fool
Date:  Wed, 22 Feb 2023 15:02:28

Investors were anxiously awaiting the release of the Federal Reserve's meeting minutes today.

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DOT-Negative News

1. Polkadot price analysis: Bulls must defend $7 support
Source:  Cryptopolitan
Date:  Wed, 22 Feb 2023 01:45:23

Because of the price's considerable fall during the day, the Polkadot price analysis is leaning towards the downside. Since the bearish momentum is gaining strength quickly, price levels are steadily falling.