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Dogecoin climbed to an eight-week high on Jan. 31, as prices broke out of a key resistance level on Tuesday. The meme coin surged ahead following the release of the latest consumer confidence report in the United States. Shiba inu also moved higher, rebounding from losses to start the week. Dogecoin (DOGE) Dogecoin (DOGE) raced higher on Tuesday, as the meme coin broke out of a key resistance level. Following a low of $0.08578 to start the week, DOGE/USD rose to an intraday high of $0.095 earlier today. As a result of the surge, dogecoin rose to its strongest point since December 11, when prices were at a high of $0.0972. DOGE/USD – Daily Chart Since the move, earlier gains have somewhat eased, as the 14-day relative strength index (RSI) collided with a ceiling of its own. As of writing, the index is tracking at 65.03, which is marginally above a resistance level at 65.00. Providing bulls are able to maintain current momentum, their next target will likely be $0.099. S

Join Our Telegram channel to stay up to date on breaking news coverage As Elon Musk looks for new revenue streams to turn around the company, Twitter has started to seek for regulatory licenses throughout the US and create the software necessary to implement payments across the social media network. According to two people familiar with the company’s plans, Esther Crawford, a rapidly ascending lieutenant of Musk at Twitter, has begun to outline the architecture required to enable payments on the site with a small team. A key component of Musk’s strategy to create new revenue sources is the initiative to start accepting payments through the website. Since he paid $44 billion for the network in October, Twitter’s $5 billion a year in advertising revenue has plummeted, with marketers blaming management and content moderation issues. As part of a larger strategy to introduce a “everything app” that combines messaging, payments, and commerce, Musk has stated that he wants Twitter

A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000. ‘Strong Year Ahead for Bitcoin’ Nickel Digital Asset Management published the results of a survey Thursday showing how high institutional investors expect the price of bitcoin to reach. The London-based investment manager is registered with the U.K. Financial Conduct Authority (FCA) and the U.S. Commodity Futures Trading Commission (CFTC). The survey, commissioned by Nickel and conducted by market research company Pureprofile this month, interviewed 200 institutional investors and wealth managers across the U.S., U.K., Germany, Singapore, Switzerland, UAE, and Brazil. The respondents collectively managed around $2.85 trillion in assets. Sharing the results of the survey, Nickel detailed: Professional investors are forecasting a strong y

C+Charge aims to provide massive benefits to electric vehicle (EV) owners, allowing them to participate in the green revolution while also earning carbon credits. The system allows users to access electronic wallets where they can store the blockchain network's token CCHG, which can be used to settle EV charging fees. An Introduction to C+Charge  Launched in 2022, C+Charge is a blockchain-based platform that provides significant benefits for electric vehicle owners. The platform is looking to build a network of charging stations where EV owners can easily charge their cars and enjoy several incentives.  The developers of this platform understand the potential for EVs to be the future of transportation. Cars that don't rely on foil fuels are good for the environment, and manufacturers – from new players like Tesla to legacy names like Toyota – are already investing massively in EVs.  However, the EV space remains highly inefficient. A big issue comes with the

A new survey shows that interest in cryptocurrency remains strong among financial advisors’ clients. “Despite market performance, the most common question was: ‘Should I consider an investment in crypto?'” the survey results reveal. Financial Advisors Bullish About Crypto Long Term Crypto asset manager Bitwise Asset Management published a report titled “Bitwise/Vettafi 2023 Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets” on Tuesday. This is Bitwise’s fifth annual study conducted in collaboration with Vettafi, an exchange-traded fund (ETF) platform. The survey was conducted between Nov. 25, 2022, and Jan. 6, 2023, with the participation of 491 financial advisors, including independent registered investment advisors, broker-dealer representatives, financial planners, and wirehouse representatives from across the U.S. According to the survey findings: Despite the sharp market correction of 2022, financial advisors remain highly engaged in crypto markets, with

Source: TradingView The XRP price has risen by 1% in the past 24 hours, reaching $0.412239 as the wider cryptocurrency market enjoys a nearly 2% gain within the same timeframe. Its current price means that it has risen by 8% in a week and by 12% in the last 30 days, as the altcoin begins to break out of a longer term decline it had suffered since the end of October. And with XRP holders looking forward to the eventual end of the Ripple-SEC case, which is due potentially in the next few months, the altcoin's movements over the past week or so could be the start of new period of sustained growth. XRP Price Prediction as XRP Breaks Out of Long-Term Trading Pattern – $1 Incoming? XRP's chart shows that its relative strength index (purple) has risen close to 70 in the last few days, cancelling out the negativity the coin had witnessed in the last couple of months of 2022, as well as the beginning of January. At the same time, its 30-day moving average (red) is ab

Metaverse platform Animal Concerts, Cointelegraph, The Avila Brothers, Billy Ray Cyrus and Snoop Dogg are celebrating blue-collar workers with a new NFT collection. Blue-collar workers are the gears that make the world go round. They turn in a hard day’s work day after day, so there is little question that these professions hold a valuable place in society. Unfortunately, despite their contributions, these hard workers often go unnoticed. Cointelegraph and Web3 metaverse concert platform Animal Concerts have joined together to recognize the efforts of hard workers and overachievers with a nonfungible token (NFT) collection named A Hard Working Man (AHWM). Inspired by “A Hard Working Man” — a song from The Avila Brothers, Billy Ray Cyrus and Snoop Dogg — this NFT collection comes as a celebration of all the blue-collar friends and family. The NFTs show artist renditions of Cyrus and Snoop Dogg sporting various outfits from different blue-collar careers. This collection is now avail

The FTX saga seems to have no end. Recent financial documents revealed that BlockFi, the bankrupt cryptocurrency lender, had over $1.2 billion worth of assets tied to Sam Bankman-Fried’s FTX and Alameda Research. These financials were previously censored, however, the uncensored documents were accidentally uploaded on Tuesday. FTX had previously revealed plans to rescue BlockFi when the firm went underwater following the implosion of Terra. However, BlockFi filed for bankruptcy when FTX itself collapsed. The extent of BlockFi’s exposure to the exchange and its sister company Alameda Research was previously unknown. According to the new financials, as of Jan 14, BlockFi assets connected to FTX are worth $415.9 million. Meanwhile, loans to Alameda amount to $831.3 million. Previously, lawyers representing BlockFi said the loan to Alameda was worth $671 million. Moreover, they claimed there are $355 million in frozen digital assets on the exchange. The value of Bitcoin (BTC) and E

With just a few days left before old Nigerian naira bank notes are removed from circulation, some banks have accused the Central Bank of Nigeria of failing to distribute enough new bank notes . Despite growing pressure for it to extend the period for returning the old notes , the central bank insists the Jan. 31 deadline still stands. Less Than 40% of ATMs Are Dispensing New Banknotes As the Central Bank of Nigeria (CBN)’s Jan. 31 deadline for returning the old naira banknotes approaches, banks in several Nigerian states are still distributing the soon-to-be demonetized banknotes, a report has said. In addition, fewer automated teller machines (ATMs) — less than 40% according to an investigation by the Guardian — were reportedly dispensing new banknotes. According to the Guardian report, some bank insiders are adamant that the shortages are caused by the CBN, which has not distributed enough new banknotes. One unnamed banker from Lagos claimed that their branch got “just N1.5m new

Europol has reported that the Bitzlato senior management team has been arrested in a French and US operation. Moreover, the press release of the operation stated that more than €18 million in cryptocurrency was seized. The press release also notes that the operation was orchestrated by French and American authorities as well as being “strongly supported by Europol ,” targeting the Bitzlato cryptocurrency exchange. The statement from Europol has divulged those arrested through the process, as well as other outcomes of the operation. 🚨 #Bitzlato: senior management arrested. The operation, led by 🇫🇷 & 🇺🇸 authorities with Europol support, took down the service's digital infrastructure in France. 👥 Leading members of the platform's management were also interrogated. Press release ⤵️https://t.co/k0dGy3rNQk pic.twitter.com/lv5stazDeY — Europol (@Europol) January 23, 2023 Five Idividiauls Connectd to Bitzlato Arrested Throughout the last two weeks, the name

Source: diegograndi/Adobe Crypto adoption in Argentina continues to rise amid soaring hyperinflation. A new survey revealed that 17% of people in the country bought crypto late year – with over 50% of people of that amount choosing stablecoins. The data was published in a survey conducted in Latin American countries by Americas Market Intelligence, and reported by Memo. The researcher spoke to 2,400 smartphone users in November 2022 and found that 17% of adults in Argentina said they had bought cryptocurrencies “as a form of savings or investment” in the past 12 months. The same researcher conducted a similar survey in November 2021, with 12% of respondents stating they had bought tokens. The 5% rise could well be attributed to inflation: Argentina’s inflation rate last year was the highest in the world, at over 90%. Indeed, 53% of the Argentine respondents who stated that had bought cryptocurrencies in the last year set they had bought USD-pegged stablecoins. And 4

Image Source: Pexels Signature Bank and Silvergate, two of the biggest crypto banks, have received billions in loans from the Federal Home Loan Banks, a system originally designed to support housing finance and community investment. According to a Saturday report from The Wall Street Journal, Signature Bank received nearly $10 billion in loans from its local home-loan bank in the last quarter of 2022 while Silvergate received at least $3.6 billion. Signature's loans are more than double its previous highest sum in several years, while 2022 marked the first year for Silvergate to tap home-loan banks, the report said.  The Federal Home Loan Banks are 11 US government-sponsored banks that provide loans to institutions. Founded during the Great Depression, the system has $1.1 trillion in assets and over 6,500 members and was originally designed to support housing finance and community investment.  While FHLBs providing loans to other financial institutions is nothin

Less than a week ago, Brett Harrison, the former president of FTX US, published a 49-part Twitter thread describing his side of the story when he worked for the disgraced co-founder of FTX, Sam Bankman-Fried (SBF). On Friday, Jan. 20, 2023, Harrison revealed that his new firm, Architect, has raised $5 million from investors such as Circle Ventures, Coinbase Ventures, and SALT Fund. Brett Harrison’s Architect Aims to Connect Institutional Investors Across Decentralized and Centralized Exchanges Brett Harrison, the former president of FTX who left the company in Sept. 2022, has started a new venture aimed at attracting institutions to the world of decentralized finance (defi). “It’s a software company aimed at building institutional-grade infrastructure to connect various crypto venues across decentralized and centralized exchanges,” Harrison told Techcrunch reporter Jacquelyn Melinek on Friday. Harrison’s new venture and fresh capital raise follow the former president of FTX US recou

This week in crypto: bitcoin whales showed confidence in the latest rally as they refused to sell, the number of Ethereum network validators surged to 500,000 as Shanghai fever grew, and the number of Ethereum addresses holding a non-zero balance hit a new record high of 92.5 million. We looked to see if bitcoin entered its next bull market cycle, if a US debt default would derail a crypto price rally or embolden it, if magical thinking born of a financial crisis fueled the rise of crypto, and if a clear-out of crypto moguls and their centralized companies would be good for the digital asset class. Meanwhile, brokerage firm Bernstein advised institutions to dabble into crypto and give up their "zero crypto allocation" strategy. US authorities arrested Russian co-founder of the Bitzlato exchange on suspicion of laundering illegal gambling and drug money, Binance was identified as a counterparty to Bitzlato, authorities claimed that Sam Bankman-Fried siphone

According to one Ripple executive, the blockchain company is building outside of the U.S. at a rapid rate. This comes despite the company’s ongoing dispute with the United States Securities and Exchange Commission (SEC), which has become a highly publicized affair. Brooks Entwistle is the Senior Vice President of Global Customer Success and the Managing Director of Asia-Pacific (APAC) and Middle East and North Africa (MENA). In a conversation with Coindesk, they have assured Ripple ’s growth model outside of the American market. Source: Ripple SEC Has Not Impacted Ripple’s International Growth One of the biggest topics impacting the cryptocurrency sphere in 2023 has been the place and power of the SEC. The regulatory agency has been embroiled in a host of public disputes with various crypto-related platforms and has been criticized left, right, and center for its action. They have also been criticized for their lack of action in various cases. Among the conflicts that the