Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K

[ad_1] Bitcoin (BTC) rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears' expectations for a pullback to $20,000. Even more notable is the move brought demand from Asia-based retail investors according to data from a key stablecoin premium indicator.Traders should note that the tech-heavy Nasdaq-100 index also gained 5.1% between Jan. 20 and Jan. 23, fueled by investors' hope in China reopening for business

Ethereum devs create ‘shadow fork’ to test conditions for Ether withdrawals

[ad_1] As the proposed date for the Ethereum Shanghai update draws closer, developers have created a testing environment called a “shadow fork,” according to a January 23 tweet thread by Go-Ethereum developer Marius Van Der Wijden. The new testnet appears to have been created in order to test the conditions needed for Ether (ETH) staking withdrawals, which are currently disabled but are intended to become enabled in the update.Withdrawal-Mainnet-Shadow-Fork-1 is

When meme? Top crypto memes and their meaning

[ad_1] The crypto market is highly volatile, and the prices of cryptocurrencies can fluctuate dramatically in a short period. Memes offer a way for people to express their emotions and cope with the ups and downs of the market in a lighthearted, humorous way.Crypto culture is heavily centered around online communities and social media, and memes are a widely used form of communication. They allow people to quickly convey complex

Crypto tracker picks up trail of funds heisted from Harmony Bridge in June

[ad_1] Crypto tracking platform MistTrack has followed funds taken in the Harmony bridge hack and made 350 addresses associated with the attack public. North Korea’s state-sponsored Lazarus Group is thought to be behind the hack. According to a Twitter thread posted on Jan. 23, the funds were transferred through various exchanges in an effort to elude trackers. Funds in a number of tokens worth about $100 million were stolen from the Harmony

BlockFi exec argues bankruptcy court should approve bonuses to retain talent

[ad_1] Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a court to allow bonuses for “key employees” amid Chapter 11 bankruptcy proceedings.In a Jan. 23 declaration for United State Bankruptcy Court in the District of New Jersey, Crowell said without giving certain financial incentives, BlockFi might be unable to retain employees in a “highly competitive” crypto industry. According to the BlockFi executive, many staff were

Bitcoin miners’ worst days may have passed, but a few key hurdles remain

[ad_1] Bitcoin’s mining industry has been relatively stable compared to the bearish price action and the tumultuous fallout of exchanges and lending companies. The network’s hashrate dipped slightly toward the end of 2022, primarily due to an unprecedented blizzard in the U.S., and has since recovered strongly to surpass its previous peak above 270 EH/s. It was particularly encouraging to see that the hashrate holding well above summer 2022 lows, despite

Bitcoin B logo lights up Germany’s tallest building in Berlin

[ad_1] The Bitcoin (BTC) logo lit up the night sky in Berlin this weekend, adorning Germany’s tallest building with a giant orange B.Source: TwitterOn January 21, the Bitcoin logo illuminated the Berliner Fernsehturm tower–known as the TV Tower. German Bitcoiners took to Twitter and social media to share photos and videos of the illumination, then shared by prominent Bitcoin Twitter accounts. The man behind the B, a German Bitcoiner called

Bitcoin price stays near $23K as data shows hodlers not selling BTC

[ad_1] Bitcoin (BTC) refused to surrender gains at the Jan. 23 Wall Street open as United States equities opened higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar sags as risk assets reject retracementData from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to circle $22,800 at the time of writing.The pair had managed to conserve its trading range over the weekend, with a local low of $22,315 allowing bulls to avoid

ECB executive board member outlines plans for digital euro to European Parliament

[ad_1] The digital euro, should it come into existence, will preserve the role of the central bank by extending payment options beyond those offered by cash, European Central Bank (ECB) executive board member Fabio Panetta told a European Parliament committee Jan. 23.Panetta expressed satisfaction with the progress of research on a potential digital euro. He told the European Parliament Economic and Monetary Affairs Committee:“The ECB is at the global forefront