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A new survey from CoinWire revealed that the majority of users believe the metaverse will reshape their social life and interactions. Last year the crypto and Web3 saw a dichotomy between extremely turbulent markets, yet high prospects for the future of the space. Both users and investors alike have continued to pile into the industry, especially in areas concerned with the metaverse. A new survey from CoinWire, which surveyed over 10,000 investors in the crypto space in December 2022, found that user sentiment towards the metaverse has digital reality poised to influence all areas of social life. 69% of respondents have placed their bet on the metaverse to reshape social lifestyle with a new approach to entertainment , while 65% believed in metaverse 's new approach to social activities. Sentiments on how it will affect finances, business and education were also high at 61.2%, 49.6% and 45%, respectively. Over the last five years, Microsoft secured 158 metaverse-related pa...

After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project’s native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days. Axie Infinity’s Native Token AXS Climbs 62% Despite Continued Decrease in Monthly Players The non-fungible token-based online video game Axie Infinity once had millions of monthly players, with a peak of 2.78 million in Jan. 2022, according to activeplayer.io statistics. With Jan. not quite over, the last 30 days indicate an average of 432,001 players to date. During Dec. 2022, there were 468,805 players, a low not seen in over two years, since Nov. 2020. Axie held an average of two million monthly players for eight consecutive months between Oct. 2021 and May 2022. After May, the average monthly player count dropped to 958,044, or 1,20...

Bitcoin is not far from reclaiming its 200-week moving average, but traders are still highly suspicious of the bullish BTC price action. Bitcoin (BTC) took a swing at $23,000 into Jan. 21 as Asia buyers drove fresh market strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bid liquidity causes suspicion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD battling bears to reach $22,790 on Bitstamp overnight — its highest since August. With new multi-month peaks coming in quick succession despite fears of a major correction, Bitcoin continued to surprise as traders cleared the way for more upside. As noted by intraday trader Skew, Asia was leading the way into the weekend, with sellside pressure from market makers being absorbed on exchanges. “Another rally driven by asia bid. TWAP buyers absorbing the sell pressure from MMs. Large spot bid lifting offers & ask wall pulled prior to another short squeeze,” Skew commented on a composite chart. BTC/US...

The cryptocurrency market has risen by 1.5% in the past 24 hours, recovering some of the losses from its slight selloff yesterday. At $1.01 trillion, its total cap has risen by 7% in a week and by 20% in a month, with positive US inflation figures published last week causing a mini-recovery. While the market as a whole hasn't done too much today, a number of tokens have posted notable returns. This article analyzes them in this list of the best crypto to buy today, while it also includes some new altcoins currently holding presales. Nexo (NEXO) NEXO has reached $0.832523 today, representing a 16% rise in 24 hours. It also represents a 16.5% gain in a week and a 27% increase in the last 30 days. Source: TradingView NEXO has risen strongly today for one simple reason: Nexo has settled with the SEC for $45 million, after the US securities regulator charged the cryptocurrency lender for "failing to register the offer and sale of its retail crypto asset lending ...

The last few months of 2022 were filled with news of the FTX and its collapse. However, FTX seems to not go away from the headlines, as there are new updates and news about the exchange that surface almost every day. In one of his first public interviews, the new CEO of FTX , John Ray III, conveyed his belief in reviving the exchange. Following the news, Sam Bankman Fried himself took to his Twitter account to address the same. He also stated that he’s waiting for Ray to finally admit that “ FTX US is solvent” and “give customers their funds back.” Read more: Order Against Bitzlato Reveals Binance as a Counterparty I'm glad Mr. Ray is finally paying lip service to turning the exchange back on after months of squashing such efforts! I'm still waiting for him to finally admit FTX US is solvent and give customers their money back…https://t.co/XjcyYFsoU0https://t.co/SdvMIMXQ5K — SBF (@SBF_FTX) January 19, 2023 As soon as the...

On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief restructuring officer, John J. Ray III, met with the bankruptcy case’s committee of unsecured creditors to share the news. FTX Uncovers $5.5 Billion in Liquid Assets Through ‘Herculean Investigative Effort’ FTX has discovered $5.5 billion in liquid assets, according to a press statement released at 2:40 p.m. Eastern Time, Tuesday. The debtors, including FTX CEO John J. Ray III, announced that the team identified the funds through a “herculean investigative effort.” The company’s press release details that the team found $3.5 billion in cryptocurrency assets, $1.7 billion in cash deposits and roughly $3 million in securities. The new FTX CEO and chief restructuring officer John J. Ray III. The press release further n...

U.S. regulators’ announcement of enforcement action against Bitzlato, a softening stock market and a fresh wave of layoffs in big tech companies resulted in an abrupt correction in the crypto market. Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders.  Given the number of black swan events and the proliferation of crypto-oriented scams in 2022, most investors expect United States and global regulators to eventually lay down a strong hammer on centalized exchanges and other businesses connected with the crypto sector. Crypto market daily price action. Source: Coin360 At the time of writing, BTC price had dipped to an intraday low at $20,400, and Ether (ETH) gave back its daily gains to trade as low as $1,500. As shown by the charts below, the revelation that Bitzlato had been shuttered and its founder arrested was a lighter blow than expected by the market and the daily ...

When Musk backtracked on accepting Bitcoin payments for Tesla, he believed that Dogecoin — “even though it was created as a silly joke” — was better suited for transactions. Research shows that Dogecoin (DOGE) was the only memecoin in 2022 to proactively reduce its carbon footprint — a key metric for mainstream adoption —  by 25% in one year, thanks to the intervention of developers and Tesla CEO Elon Musk. One of the main reasons why Musk backtracked on accepting Bitcoin (BTC) payments for Tesla was high carbon emission s. At the time, he believed that Dogecoin — “even though it was created as a silly joke” — was better suited for transactions. Working with Doge devs to improve system transaction efficiency. Potentially promising. — Elon Musk (@elonmusk) May 13, 2021 Owing to proactive efforts from Musk and the members of the Dogecoin ecosystem, Dogecoin saw a 25% decrease in its annual CO2 emission s. Compared to the 1,423 tons of emission s Dogecoin released in 2021, it was...

Source: Rs1421 (CC By-SA 3.0) The Japanese tax body has signaled an intention to tax non-fungible token (NFT) sales and the profits earned by crypto and blockchain gamers. In an FAQ-type document released by the National Tax Agency (NTA), the body explained “guidelines” for tax officers dealing with NFT-related “cases” where taxes such as consumption tax (Japan’s equivalent of VAT) should be applied. The guidelines are not yet enshrined into the Japanese tax code or other laws, but will likely be used by local or central tax authorities and NTA officers until parliament amends the relevant legislation. The agency advised officers and those wishing to declare their transactions to “confirm” “details of calculation methods” for taxation when making annual tax returns with “experts” and officers specializing in the matter. But in the case of most secondary-market sales, NFT traders have been advised to ma...

After the collapse of Terra in May, several firms have been gravely affected by the ripples of Terra’s fall. Crypto lending platforms including Celsius Network, Voyager, and Three Arrows Capital (3AC) filed for bankruptcy in 2022, demonstrating the struggles of crypto firms struggling to stay afloat. 3AC was definitely in the headlines as the 3AC founders reportedly went into hiding and rumors of them spending $50 million on a yacht despite billions of debt were floating around. Now, according to the latest revelations that surfaced, 3AC founders Su Zhu and Kyle Davies are looking to raise $25 million for their new crypto exchange, GTX. JUST IN: 3AC founders to raise $25 million for a new #crypto exchange, GTX. — Watcher.Guru (@WatcherGuru) January 16, 2023 Is GTX the next FTX? The name GTX definitely resembles the name FTX . It also cannot be denied that G comes after F in alphabetical order. The news will undoubtedly raise concerns about how stable t...

The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have pledged not to intervene in currency markets. Flexible Exchange Rate Regime Just a few months after plunging by more than 15% versus the U.S. dollar, the Egyptian pound tapped a new low of more than 32 units per greenback on Jan. 11. According to a Reuters report, the pound’s latest depreciation has prompted some analysts to question the extent to which the central bank wants the pound to fall. EGP/USD on Jan. 15, 2023. As reported by Bitcoin.com News in October 2022, the pound’s official exchange rate versus the dollar fell from just under 20 units per dollar to 23.09 per dollar after Egyptian monetary authorities agreed to abandon the fixed exchan...

Join Our Telegram channel to stay up to date on breaking news coverage 90% of Central Banks, according to Ripple, are currently actively creating their own CBDCs. The company thinks XRPLedger can provide Central Banks special advantages given how quickly the CBDC narrative is developing. The fact that the majority of Central Banks worldwide are collaborating with companies like Ripple to launch their own Central Bank Digital Currency is no longer news (CBDC). While the International Monetary Fund (IMF) once stated that over 110 Central Banks were at various stages of CBDC development, blockchain payments company Ripple Labs Inc. recently revealed that about 90% of Central Banks are actively involved in floating the digital version of the currency in its report titled CBDCs: The Future of Fiat. CBDCs are not a new invention, but they have been the subject of much media attention since China decided to move forward with the widespread retail testing of its Digital Yuan around 20...

Bitcoin and select altcoins have risen above stiff overhead resistance levels, signaling that the bottoming process may have begun. Bitcoin (BTC) rose above $19,000 on Jan. 12, the highest level since Nov. 8. Although a bull market may not start in a hurry, Glassnode data suggests that the foundation for a macro bottom in Bitcoin may be in place. The on-chain analytics firm tweeted on Jan. 12 that “13% of the Circulating Supply” returned to profit when Bitcoin rallied to $18,200. This suggests a large phase of accumulation took place in the $16,500 to $18,200 range. Along with Bitcoin, Ether (ETH) is also witnessing signs of accumulation. The number of Ethereum sharks, holding between 100 and 10,000 Ether, has risen by 3,000 since November 22, according to Santiment data. Daily cryptocurrency market performance. Source: Coin360 Many times, traders miss a bottom because they remain in denial. If traders want to catch a trend early, they should keep a close eye on the price action becau...

Maiar transforms into xPortal. First introduced at X Day, xPortal takes the Maiar experience and further elevates it by expanding on its features and scope. Set for launch on February 28th, xPortal aims to be the go-to Web3 super app and the ultimate gateway to the Multiverse. Similar to the Maiar App, it will provide a one-stop shop for managing finances. It will also add social interactions and access to an ever-expanding array of digital worlds. xPortal takes the Maiar experience and further elevates it by expanding on its Features and scope. It is set for launch on February 28th. The xPortal aims to be the go-to Web3 super app and the ultimate gateway to the Multiverse. Similar to the Maiar App, it will provide a one-stop-shop for managing finances, but will also add social interactions and access to an ever-expanding array of digital worlds. Enriching user experience beyond what is currently built in the blockchain space, xPortal will feature  your   avatar, everything finance vi...