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Why is crypto pumping? Watch The Market Report live

[ad_1] This week on The Market Report, the resident experts at Cointelegraph discuss the real reasons behind the recent price pump in the market. Can this lead to a $25,000 Bitcoin (BTC) and beyond, or will some unforeseen event ruin the party? Tune in to find out.We start off this week’s show with the latest news in the markets:Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally
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3 signs Axie Infinity price risks giving up its 135% gains in January

[ad_1] Axie Infinity (AXS) has rallied 135% month-to-date to reach approximately $14 on Jan. 23, its highest level in two months. Nonetheless, the AXS/USD pair could suffer major losses in the coming weeks owing to a flurry of negative technical and fundamental indicators.Axie Infinity price prints "gravestone" dojiThe AXS price formed a "gravestone doji" candlestick on Jan. 23, which technical analysts view as a bearish reversal pattern.A gravestone doji appears
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Data suggests Avalanche’s (AVAX) rally was a buy the rumor, sell the news event

[ad_1] Avalanche (AVAX) came into the spotlight early at the beginning of 2023 by adding its blockchain support to Amazon Web Services (AWS) cloud. However, empirical and on-chain analysis suggests that Avalanche’s price surge is likely due to a broader cryptocurrency market pump which will likely end with the rest of the market.Is Avalanche’s Amazon news exaggerated?While integration with the world’s largest blockchain service is a positive step for Avalanche,
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How to prevent AI from ‘annihilating humanity’ using blockchain – Cointelegraph Magazine

[ad_1] When he’s not working on hastening humanity’s rush toward the Singularity by creating an artificial general intelligence (AGI), Ben Goertzel plays in a jazz-rock band called Jam Galaxy fronted by a robot named Desdemona. It’s one of his many side projects, which naturally led him to try and tokenize the music business by reaching out to members of Pearl Jam and Heart. Goertzel is also working on longevity research
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BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

[ad_1] The United States producer price index (PPI) fell 0.5% for the month, which was much more than the 0.1% decline estimated by economists surveyed by Dow Jones. The largest monthly decline since April 2020 was also aided by a sharp drop in energy prices. Another report showed that the retail sales data dropped 1.1% in December, a tad bit more than the anticipated 1% decrease. Although both data points show
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Bitcoin and Ethereum correct as Bitzlato take down, tech layoffs and economic worries dominate headlines

[ad_1] 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: Coin360At
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21Shares debuts crypto staking ETP on BX Swiss exchange

[ad_1] Switzerland-based cryptocurrency firm 21Shares is betting on proof-of-stake (PoS) coins by launching a new crypto exchange-traded product (ETP) dedicated to staking.21Shares on Jan. 18 launched the 21Shares Staking Basket Index ETP, a crypto staking index designed to track up to 10 PoS cryptocurrencies. The ETP immediately starts trading on the local stock exchange BX Swiss under the ticker STAKE.At launch, 21Shares’ STAKE ETP tracks six digital assets, including Binance
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SBF denies stealing FTX assets, SEC charges Gemini and Genesis, and more: Hodler’s Digest: Jan. 8-14

[ad_1] Top Stories This Week Sam Bankman-Fried: ‘I didn’t steal funds, and I certainly didn’t stash billions away.’ In a “pre-mortem overview” of FTX’s bankruptcy, Sam Bankman-Fried denied allegations of improper use of customer funds stored with the crypto exchange, attributing responsibility for the company’s dramatic fall to the market crash of 2022 and Binance CEO Changpeng Zhao’s PR campaign against FTX. In Bankman-Fried’s view, a run on the bank
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‘Deflation’ is a dumb way to approach tokenomics… and other sacred cows – Cointelegraph Magazine

[ad_1] Having taught and studied token economics at the University of Nicosia, I’ve found that students often have some decidedly muddled beliefs about how what tokens are and how business and token economies work.Unlike microeconomics and macroeconomics — which are based on decades of research, debate and inquiry that have produced some commonly accepted principles — tokenomics is a much newer field of study full of people without economics experience.
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3 reasons why Avalanche (AVAX) price can double by March 2023

[ad_1] Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. And now, a mix of technical and fundamental indicators hints that the token will keep rallying into March.AVAX price breakout underwayThe AVAX/USD pair appears to have been forming a falling wedge pattern since May 2022 and has now entered the breakout stage of this pattern.A falling wedge forms when the price trends lower inside