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After Bitcoin attained its $69k peak in November last year, its valuation started witnessing a massive correction. Nevertheless, a section of the community believed that the new year would bring along with its momentum and help turn the tables. Such a scenario, however, did not transpire. Bears dominated throughout the year and most recoveries initiated turned out to be futile. At the moment, we’re on the verge of stepping into yet again another new year. Hopes of market participants seem to be renewed once more. So, will it be fair to ride along the same wave or should one expect a bearish extension next year? What Does 2023 Have In Store For Bitcoin? Well, even though nothing can be said with certainty, analyzing past trends and comparing the current conditions could give us a plausible hint. When the charts are viewed, 2022’s Bitcoin price movements seem to be a replica or a mirror reflection of 2018. As shown below, Bitcoin attained its then peak in December 2017. From t

Source: AdobeStock / Syda Productions Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Exchange news Liquid , a Japan-based crypto exchange owned by the now-bankrupt FTX exchange, released a plan to return assets to customers from February next year. Per the company statement, FTX Japan is developing systems to enable its customers to withdraw their assets via Liquid Japan. It will include a three-step process that will see customers open Liquid Japan accounts by mid-January, followed by balance checks, and the opening of withdrawals in mid-February. Legal news The Securities Commission of The Bahamas  confirmed it holds $3.5 billion worth of FTX ’s assets, which it had taken possession of in early November. The regulator said that assets would remain in its digital wallets until the Bahamas Supreme Court directs them to distribute the funds to the fail

Despite partial crypto bans, the Chinese Government has included blockchain technology in official state development policy. On Dec 29, the state-owned China Academy for Information and Communications Technology, or CAICT, published a document titled "2022 Blockchain Whitepaper." According to the paper, more than 1,400 blockchain firms are currently based in Mainland China. Together with the U.S., the two countries represent a 52% market share in terms of global blockchain enterprises.  The CAICT also disclosed that around 48 post-secondary institutions across China have introduced " Blockchain engineering" related degrees and certifications. In the report, the institution detailed four types of Blockchain technologies with high application potential. First, "settlement chains" would allow transparent publication of telecom fees for firms such as China Mobile and China Unicom. Second, the Zhejiang Cold Chains would enable consumers to verify the source o

After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The following day, on Dec. 28, 2022, Argo detailed it is selling its Helios facility to Galaxy Digital for $65 million, and the financially troubled business plans to refinance asset-backed loans with a new $35 million loan that stems from Galaxy. Galaxy Digital Purchases Texas Data Center From Argo Blockchain, Company Hopes Transactions Will ‘Enable the Company to Continue Operations’ Galaxy Digital is giving Argo Blockchain (Nasdaq: ARBK) some fresh liquidity, according to a press announcement published by Argo on Wednesday, Dec. 28, 2022. Argo detailed that it is selling its Helios facility to Galaxy for $65 million. Galaxy has also agreed to host Argo’s fleet of Bitmain-manufactured S19J Pro bitcoin miners at the Helios facility. The Helios facility is located in Dickens County, Texas and t

At the moment, there is no directional bias in the crypto market. The prices of assets have been oscillating around their current range for weeks. Parallelly, the aggregate valuation has also stagnated around the $800 million mark. Bulls and bears have been almost equal in numbers of late. Resultantly, they’ve been canceling out each other, leaving prices unaltered. Such has been the case with Shiba Inu holders as well. The largest meme asset’s price has merely noted a 0.5% downward deviation over the past hour. The weekly number also stood at a mere 3%. With respect to the number of bulls and bears, data from IntoTheBlock revealed that the SHIB ecosystem comprised 109 bulls and 110 bears. Simplistically, the bulls and bears indicator tracks the number of addresses that purchased or sold more than 1% of the total amount of volume traded on a given day. So, those who bought more than 1% of the total volume are bulls, and those who sold more than 1% fall under the bears categor

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss what we can expect from the cryptocurrency market in the new year. This week on The Market Report, the resident experts at Cointelegraph discuss what investors can expect from the crypto currency market in 2023. Will this bear market carry on, or will we see the beginning of the bull market ? Also up for discussion is what projects have the potential to make a splash in 2023. We start off this week’s show with the latest news in the markets: 4 ‘emerging narratives’ in crypto to watch for: Trading firm Despite an eventful year fraught with crypto collapses and price drops, Steven Goulden, a senior research analyst at crypto trading firm Cumberland, has pointed to several “green shoots” to break the surface in crypto in 2023. Make sure to listen as our experts go over which industries have the potential to break out in 2023. Crypto community expresses Christmas market sentiments: ‘No Santa rally’ Tr

Gold prices are ending the year a hair below the values recorded 12 months ago. Statistics on Dec. 26, 2021, show the U.S. dollar value per ounce of gold was $1,810 per unit, and today gold is $1,797 per ounce. Silver, on the other hand, managed to increase a hair in value since last year, as prices climbed from $23.04 per unit to the current USD value of around $23.72 on Dec. 26, 2022. Gold Dropped a Hair During the Last Year, While Silver Rose a Touch — Precious Metal Assets Managed to Hold Value All Year Long Despite the Macroeconomic Calamity and Energy Crisis While precious metals like gold and silver fluctuated in U.S. dollar value during the last year, gold and silver year-to-date price statistics show prices are pretty much the same as last year. Gold is down a touch during the last 12 months as it was trading for $1,810 per ounce and today it’s trading 0.71% lower at $1,797 per ounce. Silver was $23.04 per ounce and today it’s 2.95% higher in value at $23.72 an ounce. Silve

The U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an un registered securities offering. In 2018, the company minted and sold tokens to raise funds for its ‘gig economy platform,’ the development of which had not even started at the time. U.S. Securities Regulator Accuses Thor Technologies’ Management of Conducting Unregistered ICO The Securities and Exchange Commission of the United States has charged Thor Technologies, its co-founder and CEO David Chin and Matthew Moravec, co-founder and former CTO, with carrying out an un registered offering of securities through an initial coin offering (ICO). Chin and his company are accused of selling ‘Thor tokens’ to the general public to attract funding for the business which was supposed to build a software platform for the ‘gig economy’ workers and firms, the SEC’s complaint reveals. The regulator details that the digital assets were marketed as an investment opportunity.

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. In addition, the SEC chief said: “Proof of reserves is neither a full accounting of the assets and liability of a company, nor does it satisfy segregation of customer funds under the securities laws.” SEC Chair Gensler on Crypto Regulation SEC Chairman Gary Gensler stressed the importance of bringing crypto platforms into compliance after the securities regulator filed charges against former Alameda Research CEO Caroline Ellison and former FTX executive Gary Wang for their role to defraud equity investors. The SEC boss tweeted Wednesday: Until crypto platforms comply with time-tested securities laws, risks to investors will persist. It remains a priority of the SEC to use all of our available tools to bring the industry into compliance. In an interview with Bloomberg Thursday, Gensler

Over the course of 2022, there have been a range of problems for projects across the crypto space, with prices having falling significantly from their all-time highs at the end of 2021.  Nevertheless, certain areas of the industry have continued to excel, and the "move to earn" sector has exploded in popularity.  The nexus of breakthroughs in AI and blockchain have meant that the fitness space has found huge room to grow, and the potential for rewarding people for leading a healthier life has neber been clearer.  Earn rewards for exercising  The advent of blockchain technology provided all sorts of opportunities for incentivisation, and this has been clearly demonstrated in the play to earn space.  FightOut is a project that is competing with the likes of Stepn in the "move to earn" space, which rewards users of the platform for moving their token.  The FightOut platform operates in much the same way as a personal trainer may, except that one is

Join Our Telegram channel to stay up to date on breaking news coverage Clash of Lilliput price has found favor from investors barely a day after suffering a major hit to $0.35. The Play-to-Earn (P2E) token exploded 30% from this support to trade at $0.59 at the time of writing. Bulls are making their way around resistance at $0.60 ahead of another pump to $2. Clash of Lilliput Price Explodes After Releasing New Game Features The development team announced on December 20 that players in the SLG-based game could acquire pets by buying NFTs in the marketplace. However, some may earn the pets by participating in in-game challenges and events. Today’s bites regarding #ClashOfLilliput♨️#Players can acquire pets by buying #NFTs in the #marketplace, or by participating in in-game challenges and #events.#GameFi $COL #COL pic.twitter.com/3LwyVSdK1R — Clash of Lilliput (@LilliputGames) December 20, 2022   Moreover, players have the freedom to allocate workers to collect resou

Crypto Gaming – The Next Big Thing The gaming industry is evolving fast. A brand new, dynamic niche is making waves given that it offers players a viable way of generating income. New games with cryptocurrency and digital assets like non-fungible tokens (NFTs) at their core are transforming ideas around utilizing play-to-earn (P2E) to improve player retention, as well as on how to attract new users. And games like Calvaria: Duels of Eternity, are leading the charge. According to a recent survey of game developers commissioned by blockchain entertainment firm Coda Labs, 75% of developers expect to work on web3 projects in the future and more than half think that web3 will revolutionize the gaming industry. The CEO of Coda Labs commented that the survey “shows that a majority of developers have already dipped their toes into Web3 game development, driven by benefits such as additional funding, new revenue streams, and player retention”. For the first time, players of

Join Our Telegram channel to stay up to date on breaking news coverage XCAD Network (XCAD) price performance continues to impress many analysts and crypto enthusiasts. While larger crypto assets like Bitcoin (BTC) and Ethereum (ETH) suffered another hit attributed to the United States Federal Reserve decision to increase interest rates by 0.5% last week, XCAD saw its weekly gains accumulate to 11%. Like other crypto markets, XCAD Network price lost a significant chunk of its value during the 2022 bear run. Considering the token hit a new all-time high of $9.06 in January, it is down 87.2% to trade at $1.14 at the time of writing. What’s Behind XCAD Network Price Rally? XCAD Network is a cryptocurrency network harnessing the value of content creator audiences through tokenization. With XCAD Network, both the creator and the viewer benefit. Over the last few weeks, XCAD Network has been running Twitter campaigns while announcing new content creators. On December 16, the te