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The community questioned Bybit’s timing in revealing their exposure now and many demanded proof to back up the reassurance from the CEO. Genesis Global, a prominent crypto lender, filed for Chapter 11 bankruptcy protection in New York on Jan. 20, becoming the latest company to declare bankruptcy in the wake of FTX's collapse. However, the focus of the crypto community has shifted towards other crypto firms that had exposure to the lending firm. One report suggested that a total of nine crypto firms had various exposures to Genesis, including the likes of Germini, Bybit, VanEck, Decentraland and a few others. Bybit CEO Ben Zhou was quick to respond to the reports and clarified that Bybit indeed had $150 million exposure to the bankrupt crypto lender via its investment arm Mirana. Zhou noted that Mirana only managed a portion of Bybit’s assets and the reported $151 million exposure has about $120 million of collateralized positions, which Mirana had already liquidated. He also a...

The tournament, “0xMonaco: Battle of Titans,” is scheduled to kick off on Jan. 29 and will bring together developers from around the blockchain space. MatchBoxDAO — a collective of developer s, artists and designers building on-chain Gaming infrastructure with StarkNet — has announced the launch of MatchBox Arena, an esports experience specifically designed for developer participation. Dubbing it the “World Cup of the Web3 companies,” the team said the Gaming tournament is designed to find out which company has the best technical team.  We are finally launching: "Matchbox Arena" With the "Battle of Titans" as the first CTF competition released on the platform, we'll officially release "Matchbox Arena" tomorrow where the players will be able to upload their code.https://t.co/vGbEuyzus0 More info below — MatchboxDAO (@matchbox_dao) January 17, 2023 The tournament, titled “0xMonaco: Battle of Titans,” will bring together Web3 developers from c...

Join Our Telegram channel to stay up to date on breaking news coverage Aptos (APT) has increased by 186% from $3.09 on December 31 to hit a high of$8.84 on January 15. The Aptos price appears to be on course for new record highs. To achieve, the buyers were trying to recover the losses made on Tuesday, where the price xperienced a 7% price drop that threatened its 2023 bullish trend. With a 24-hour trading volume of $669.6 and a live market cap of $1.04 billion, APT crypto ranks at #43 on the list of crypto by market cap size at the time of writing. APT Token Thrives With Suspicion Of Price Manipulation Following Recent Liquidation Data Aptos Network’s native token APT has recorded a remarkable price performance, leading to unpleasant conclusions of possible manipulation. What’s All Hype About Aptos Token? Decoding The APT Price Manipulationhttps://t.co/vpThXGDKr0 — John Morgan (@johnmorganFL) October 19, 2022 The token recorded a rapid spike in th...

Join Our Telegram channel to stay up to date on breaking news coverage The Enjin price prediction shows that ENJ is moving with an uptrend, and traders could expect an early arrival of a price rally. Enjin Prediction Statistics Data: Enjin price now – $0.39 Enjin market cap – $389 million Enjin circulating supply – 1 billion Enjin total supply – 1 billion Enjin Coinmarketcap ranking – #85 ENJ/USD Market Key Levels: Resistance levels: $0.50, $0.52, $0.54 Support levels: $0.30, $0.28, $0.26 ENJUSD – Daily Chart ENJ/USD is currently facing the upside as the coin remains above the 9-day and 21-day moving averages. The Enjin price has always sought to increase despite the pressure of the market. However, the crypto market is struggling with volatility, and the market may come out in the same way soon. The period after this one should be flourishing. Enjin Price Prediction: ENJ Could Gain More Upwards At the time of writing, the Enjin...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Returns to the November 5th Price Level as It Challenges the $21.5K Resistance Level– January 18, 2022 The largest cryptocurrency is trading below the recent high as it challenges the $21.5K resistance level. BTC/USD has retested the historical price level of $21,480 set on November 5th. The bullish run has slowed as the digital asset approaches the $ 21,480 resistance level. As Bitcoin regains positive momentum, further increases are possible. Bitcoin Price Statistics Data: •Bitcoin price now – $21,280.48 •Bitcoin market cap – $409,964,799,905 •Bitcoin circulating supply – 19,265,443 BTC •Bitcoin total supply – $446,875,828,290 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Following the current market recovery, Bitcoin has reclaimed the $21,000 support lev...

Despite the uncertainty that mounts in the United States crypto market, Americans continue to pour their funds into digital assets. Recent research by Morning Consult highlights that Bitcoin [BTC] ownership across the United States is pretty evident. According to the study, millennials in the country were the most interested in bagging Bitcoin accounting for 29 percent of the asset’s ownership.15 percent of U.S. adults were seen holding BTC. Women accounted for only 7 percent while 24 percent were men. Source It should be noted that those with an income of more than $100K amounted to 25 percent. Those in the income ranges of $50K to $99K were at 19 percent. Only 11 percent of those with an income of below $50K owned Bitcoin. Custodia Bank founder Caitlin Long stepped up to point to suggest, “THE REAL NEWS HERE is that 25% of Americans with income >$100k owned # bitcoin as of Oct 2022. Given the power structure of the U.S., that’s significant (let...

  Solana price is one of the best-performing cryptocurrencies in the market, with gains exceeding 90% in 30 days, 133% in 14 days, and 62% in seven. It is as if the token, SOL needed a little push north to win back the hearts of investors who have been walking away amidst rumors of a dying network. In just a few weeks, Solana’s value has jumped so that it’s trading above the $20.00 level in reference to December lows of $8.01. Solana Ecosystem’s Death Rumors Could be Overstated A report by Messari, a leading crypto analytics platform, has shed some light on matters surrounding the possible threat to the existence of the Solana ecosystem. Nevertheless, we cannot deny the fact that the network suffered greatly due to its close relationship with the defunct FTX exchange. Almost the entire value locked (TVL), blockchain transactions, and the value of tokens across the ecosystem was backed by FTX and its sister company Alameda Research. As strong as...

Bitcoin’s mining difficulty printed a record increase on Jan. 15, 2023, rising 10.26% to 37.73 trillion at block height 772,128. The network’s difficulty is now at an all-time high. This means, on average, it takes 37.73 trillion hashes, or attempts, to find a valid bitcoin block reward and add it to the blockchain. 2023’s First Difficulty Increase Outpaces All but One of the Difficulty Increases in 2022 As of 8:15 p.m. Eastern time on Sunday, Jan. 15, 2023, approximately 286.36 exahash per second (EH/s) of hashrate is dedicated to the Bitcoin (BTC) blockchain. The Bitcoin network experienced a difficulty retarget at 4:11 p.m. Eastern time, at block height 772,128, resulting in an increase of 10.26%. The difficulty was approximately 34.09 trillion last week, and it reached an all-time high (ATH) of 37.73 trillion on Sunday, making it exceptionally difficult to find a BTC block. Prior to the Jan. 15, 2023, difficulty increase, the highest difficulty rating on the ...

Solana surged by as much as 30% on Saturday, setting a fresh multi-month high in the process. The move comes as cryptocurrency markets were significantly bullish to start the weekend, with the global market cap 8.28% higher as of writing. Shiba inu was trading at its strongest point since November. Solana (SOL) Solana (SOL) was easily one of the biggest movers to start the weekend, with prices skyrocketing by as much as 30%. Following a low of $16.52 yesterday, SOL/USD surged to an intraday high of $22.37 earlier today. As a result of today’s rally the token hit its strongest point since November 9, when price was at a top of $24.60. SOL/USD – Daily Chart From the chart, the move commenced after yet another burst beyond a resistance point on the 14-day relative strength (RSI). On this occasion, the index moved above a ceiling at the 80.00 level, and is now tracking at 85.44. Although solana bulls will have their eyes set on $25.00, there could be a cooling off of the earli...

Shiba inu was one of Friday’s biggest gainers, as the meme coin raced to a six-week high. The move came as the global cryptocurrency market cap surged, as U.S. inflationary pressures continued to cool off. Ethereum classic was also in the green, with price hitting a two-month high. Shiba Inu (SHIB) Shiba inu (SHIB) was one of Friday’s notable movers, as the meme coin moved to a six-week high. Following a low of $0.000009227 on Thursday, SHIB/USD raced to an intraday peak of $0.000009711 earlier in today’s session. As a result of today’s surge, the meme coin hit its highest point since December 5, when it traded as high as $0.00001016. Looking at the chart, the move came as shiba inu climbed beyond a ceiling at the $0.00000945 mark. SHIB/USD – Daily Chart In addition to this, the 14-day relative strength index (RSI) moved past a ceiling of its own at 68.00. As of writing, the index is tracking at 71.74, which is deep in overbought territory. ...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Gibraltar, Gibraltar, 12th January, 2023, Chainwire Cimu Games has announced that it is using Ready Games’ web3 game development tools to re-release its million-selling Runestone Keeper. The web3-enabled beta version of the title, which won Best Gameplay award at the 2014 Unity Awards, will launch in late Q1 on PC, console and mobile - a first of its kind for web3 gaming. Cimu Games, whose parent company is Innoteg, is famed for its web2 mobile and console games. Its team believes web3 is the future of gaming and has elected to use Ready’s multi-platform tech stack to enter this growing market sector.  Josh Furr - Cimu Games’ Marketing Director said: “We are thrilled and honored to be a part of Ready's family of like-minded web3 developers. Our goal is not only to bring Runestone Keeper to Ready...

The Stellar price prediction shows that XLM couldn’t break above the channel after touching the daily high at $0.082. Stellar Prediction Statistics Data: Stellar price now – $0.080 Stellar market cap – $2.0 billion Stellar circulating supply – 26.1 billion Stellar total supply – 50 billion Stellar Coinmarketcap ranking – #27 XLM/USD Market Key Levels: Resistance levels: $0.095, $0.100, $0.105 Support levels: $0.070, $0.065, $0.060 XLMUSD – Daily Chart After touching the resistance level of $0.082 today, XLM/USD is trading at $0.080 as the coin nosedives toward the 9-day and 21-day moving averages. However, the market price could move towards the lower boundary of the channel if the trading volume issues a sell signal. Stellar Price Prediction: XLM Price May Not Be Ready for Higher Levels At the time of writing, the Stellar price is sliding below the channel as bulls couldn’t keep the coin on the upside. Therefore, any attem...