#BEINCRYPTO News

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After CryptoPunk NFT Copies Are Minted as Bitcoin Ordinals, Will Bored Apes Follow Suit?

beincrypto.com “Byte-perfect uploads” of the 10,000 CryptoPunk non-fungible tokens (NFTs) are on the Bitcoin network now. The question, which collection is next? Since late Jan.,…

Brave Software Partnership Not Enough to Save Struggling Solana (SOL) Price

beincrypto.com price shows weakness by failing to break out from a long-term resistance line and losing a short-term support line. The continuation of the decrease is the most likely…

Web3 Has Many Advantages Over Web2, But Will It Catch On?

beincrypto.com Web3 is set to revolutionize how we interact and transact online in the fast-paced digital world. With its decentralized approach and emphasis on privacy, security, and…

BNX To Undergo 1:100 Split To Give A Major Boost Of Investor Confidence

beincrypto.com BinaryX, a Gamefi and IGO platform, today announced it will split its token, BNX. The decision was made after the project team ran a DAO vote and received overwhelmingly…

DeFi Pioneer MakerDAO Announces Aave Competitor Spark Protocol

beincrypto.com stablecoin platform MakerDAO has proposed Spark Protocol. The new system is based on the Aave lending protocol’s smart contracts. On Feb. 8, the Spark Protocol proposal was…

3AC Co-Founder Refuses to Cooperate With Liquidators, Ignores Subpoena Request

beincrypto.com Liquidators have criticized 3AC co-founder Kyle L. Davies for failing to comply with a subpoena. They have requested a new order with a deadline of March 16. Liquidators for…

Robinhood Misses Earnings and Revenue Expectations in Q4 Report

beincrypto.com Robinhood published its financial results for Q4 and the full year of 2022, revealing that it had missed its earnings and revenue expectations. Popular trading platform…

Crypto ATM Operator Cash Cloud Owes Genesis $116M, Files for Bankruptcy

beincrypto.com The latest victim of the ongoing industry contagions is crypto ATM operator Cash Cloud. On Feb. 7, the company, which operates under the name Coin Cloud filed for chapter 11…

Coinbase CEO Condemns Staking Restrictions by SEC in the US

beincrypto.com Coinbase CEO Brian Armstrong has called out the SEC over rumors that it is looking to ban crypto staking services in the U.S. Coinbase CEO Brian Armstrong has criticized…

Kraken Crypto Exchange Probed by SEC Over Offering Unregulated Securities

beincrypto.com Kraken, one of the largest cryptocurrency exchanges by volume, is facing scrutiny from the U.S. Securities and Exchange Commission (SEC). This is not the first time the…

US Debt Default Looms: What Will It Mean for Cryptocurrency?

beincrypto.com Could cryptocurrency be facing its greatest challenge yet? A debt default refers to a government’s inability to repay its debt obligations. This article will explore the…

Will Bitcoin Golden Cross Lead to a 1835% Increase?

beincrypto.com The long-awaited golden cross has appeared on the Bitcoin chart. This is the first such signal in 510 days or almost 1.5 years. If history repeats itself, this lagging…

Trust Wallet Responds to $4M Social Engineering Hack

beincrypto.com Binance-owned Trust Wallet responds to a social engineering attack that saw a metaverse startup lose $4 million in a face-to-face social engineering scam. Trust Wallet said…

Binance Executive Says Audited Financials Elusive Until Accountants Master Crypto

beincrypto.com Binance’s Asia-Pacific chief Leon Foong said that accounting firms must develop standards to address crypto volatility before they can fully audit crypto firms. Foong said…

Binance Organizing an Industry Consortium to Save Crypto

beincrypto.com Binance, the world’s biggest cryptocurrency exchange, is reportedly trying to rebuild trust in crypto with a consortium of crypto companies. The move aims to rebuild trust…

Classifying Crypto: How Two Companies Plan to Make the Industry More Inclusive

beincrypto.com 21Shares and CoinGecko have partnered to launch the Global Crypto Classification Standard (GCCS), which aims to help improve the categorization of crypto assets. The…

Blockchain and Artificial Intelligence Are Like Oil and Water, They Don’t Mix

beincrypto.com The Blockchain and artificial intelligence (AI) worlds have been making headlines for years, each promising to revolutionize the way we do business and interact with…

Rally Hits Obstacle but Supply Squeeze Could Cause Surge in Price

beincrypto.com price shows signs of weakness in the short-term, but the long-term bullish trend remains intact. An analysis of the different cohorts that hold Bitcoin shows that long-term…

Price Surges 400%, Is There More Left in the Tank?

beincrypto.com It has been a wild year for the holders of Render Network’s native RNDR token thus far. Despite starting 2023 at a modest $0.4008 price, outside the top 100 ranking, the…

CHZ Surges 30% Following the Launch of Chiliz Chain 2.0

beincrypto.com CHZ soars 30% as the sports and entertainment-focused Web 3 firm Chiliz announces successfully validating the genesis block of its EVM-compatible Layer-1 blockchain. Chiliz…

How the Crypto Community is Helping Victims of the Turkish Earthquake

beincrypto.com The crypto community has teamed up to fight yet another calamity, helping Turkey’s earthquake victims with millions in donations. Cryptocurrency can facilitate faster and…

Is a Partnership With Mastercard Enough to Keep Litecoin Price Above $100?

beincrypto.com price is approaching a crucial confluence of resistance levels at $108. If it breaks out, it will confirm its bullish trend reversal. The Litecoin price has increased…

Skepticism Reigns Over Crypto Market While Bitcoin Takes Off

beincrypto.com Crypto traders have seen a lot of ups and downs in the past few years, but despite the volatility, the crypto market continues to attract more investors. January 2023 saw a…

5ireChain Gears Up For Their Testnet Thunder Beta Release

beincrypto.com 5ire is one of the world’s fastest-growing unicorns with a mission to make blockchains sustainable and accessible for over one billion people by 2030. On November 30, 2023,…

Dogecoin Payment Rumors Swirl Again After Reports of Twitter Blue Revenue Shortcomings

beincrypto.com Elon Musk, the new face at Twitter, has hinted at different instances of integrating crypto payments. Given the anticipation and past relationships, Dogecoin (DOGE) sees…

Nouriel Roubini Reckons China’s RMB Will Challenge the USD

beincrypto.com The economist Nouriel Roubini has predicted the eventual demise of the U.S. dollar. But he is often known for inconsistent predictions. The dollar has been dominant currency…

Price Is Reacting to the Zhejiang Testnet Upgrade

beincrypto.com price is trading slightly above a crucial resistance level at $1,664. Reclaiming it would be a positive signal for the future price. ETH is the native token of the Ethereum…

Orbeon Protocol And Helium: New Real World DeFi Applications

beincrypto.com As DeFi technology develops, the number of real-world applications continues to expand. In the future, DeFi could play an important role in our day-to-day lives, being used…

Price Still Looking Strong Despite Stalling Last Week

beincrypto.com price could soon break out from its short-term pattern and reach the $0.102 long-term resistance area. XLM is the native token of the Stellar network. Stellar aims to become…

Brave Announces Solana Partnership Bringing DApp Support to Mobile

beincrypto.com Brave Software has announced Solana DApp support in a new partnership, boosting its price in the last 24 hours. In an official Twitter release, Brave will enable the wallet…

SEC 2023 Priorities Include Scrutiny of Crypto Assets and Emerging Technologies

beincrypto.com The Division of Examinations of the U.S. Securities and Exchange Commission (SEC) has said it will focus on emerging technologies and crypto-assets in its 2023 release. The…

Sinso Announces Major Components Aimed At Improving Distributed Cache Network

beincrypto.com SINSO, as a Web3.0 infrastructure focusing on distributed cache network and data programmability, is inspired by Filecoin. While with its own positioning, SINSO has an…

Will Chainlink Bulls Manage to Overpower the Bears This Month?

beincrypto.com Chainlink’s (LINK) price has increased by 27% to reach its 2023 peak of $7.44. But compared to the 40% growth in the global cryptocurrency market, the altcoin’s year-to-date…

Bored Ape Yacht Club Dukes It Out With Dookey Dash Cheaters

beincrypto.com Bored Ape Yacht Club has removed the scores of cheaters in its Dookey Dash game. The game ends on Feb. 8, and the team will validate the scores. Bored Ape Yacht Club is…

What Does The Crypto Market Have In Store for Bitcoin (BTC) Price This Month?

beincrypto.com has made a strong start to 2023, climbing 43%, its strongest rally in two years. But since the start of Feb., price has remained flat. Since testing $24,000 resistance, BTC…

Surges 47% Following Token Unlock and Solid Fundamentals

beincrypto.com The native token for The Graph, GRT, is on fire today following a token unlock and transfer. According to on-chain analysts, the team has also been sending large swathes of…

Reddit MOON Farming as a Full-Time Job? Here's What You Need to Know

beincrypto.com Reddit MOON tokens and related initiatives, such as MOON farming, create adoption narratives for various Reddit users. Some even consider choosing farming over working…

ChatGPT ENS Domain Name Sells for Over $10,000

beincrypto.com A ChatGPT ENS domain name has sold for 6 WETH, or about $10,000, on OpenSea. AI-related assets in the crypto space seem to be benefiting from the interest in ChatGPT.…

Flux Undergoes Second Halving Event, Price Hits Five-Month High

beincrypto.com Decentralized cloud infrastructure protocol Flux has just undergone its second halving event. Furthermore, the market has reacted positively, with FLUX prices hitting a…

Surges 30% Following Saudi Metaverse Partnership

beincrypto.com Metaverse gaming platform Sandbox has entered into an agreement with Saudi Arabia. Its native token SAND has surged over 30% in response. On Feb. 7, Sandbox co-founder and…

Mark Your Calendar for Traders Fair & Awards, Thailand 2023

beincrypto.com We are proud to announce that the Thailand Traders Fair is sponsored by leading organizations such as STARTRADER, which is the Grand Sponsor, Prime Sponsorship from AETOS,…

Coinbase Manager Pleads Guilty to Insider Trading as SEC Eyes Regulatory Monopoly

beincrypto.com Former Coinbase product manager Ishan Wahi has pleaded guilty to two counts of conspiracy to commit wire fraud connected to an insider trading scheme at the U.S. exchange.…

‘Britcoin’ CBDC Is Nothing Like Crypto, Says Bank of England

beincrypto.com The UK’s central bank, the Bank of England, made it very clear on Tuesday that they do not want you to refer to the country’s CBDC as ‘Britcoin.’ British and international…

Dubai Threatens to Throw the Crypto Rulebook at Lawbreakers

beincrypto.com The independent crypto regulatory body in Dubai has released rulebooks for licensing, with non-compliance inviting penalties of up to 500,000 AED ($136,000). 2023 might…

Indian Exchange WazirX Prepares to Do Battle With Binance

beincrypto.com The Indian exchange WazirX has stepped its beef with Binance, calling recent statements false and misleading. WazirX and Binance have been involved in the public debate over…

Coinbase-Backed DeSo Unveils MegaSwap, a “Stripe for Crypto” product

beincrypto.com DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different…

Signature Bank Knew About FTX Fraud Since June 2020, Claims New Lawsuit

beincrypto.com Algorithmic trading firm Statistica Capital filed a putative class-action lawsuit against the crypto-friendly Signature Bank for its alleged knowledge of fund commingling…

Price Is up 200% This Year, but Is It Approaching a Glass Ceiling?

beincrypto.com price has decreased during the past three days. It is possible that a short-term correction has begun. FTM is the native token of the Fantom network, a smart contract…

The Future Looks Optimistic for Optimism (OP) as Price Reaches New All-Time High

beincrypto.com price reached a new all-time high on Feb. 3. Whether it moves above the $3.22 resistance area can determine the future trend’s direction. The Optimism price has exploded in…

Big Eyes Coin: Why It’s As Unique As Shiba Inu And Avalanche

beincrypto.com Cryptocurrencies pursue endless possibilities on how to innovate. Avalanche (AVAX) and Shiba Inu (SHIB) are in the top 20 biggest coins in CoinMarketCap. Why? One of the…

On-Chain Analysis: Bitcoin (BTC) Supply Crisis Is Coming

beincrypto.com In recent months, long-term holders have been accumulating BTC at a record pace. What’s more, the largest outflow of Bitcoin from exchanges in history is underway since the…

Is DCG Offloading Grayscale Shares a Sign of Impending Trouble?

beincrypto.com is attempting to raise funds by selling its Grayscale stake at a discount, which may lead to more pain in the market. DCG, one of the oldest players in the industry, has…

Price Set to Slide as Bears Regain Upper Hand

beincrypto.com price is trading inside a short-term bearish pattern from which a breakdown is likely. The Dogecoin price has increased alongside an ascending support line since the…

Anchor Protocol And Solana Impress as Orbeon Protocol Earns Investors More ROI

beincrypto.com A crypto project’s future and current performance are some of the factors that cryptocurrency investors consider when stocking their portfolios. Currently, Solana (SOL),…

Crypto Users Prefer Exchanges to Wallets Despite High-Profile Bankruptcies

beincrypto.com Research by imToken has found that users prefer centralized exchange custody over self-custodial wallet solutions wallets. The report comes despite the recent collapse of…

China Pushes Digital Yuan CBDC Adoption to Kick Off Year of the Rabbit

beincrypto.com In an effort to increase adoption, China’s central bank digital currency (CBDC), commonly referred to as the digital yuan, was promoted during the Lunar New Year. According…

Price Reaches Yearly High, but Indicators Show Traders Fear Pullback

beincrypto.com price is nearing the top of its increase, after which a correction is expected. The SHIB price broke out from a 151-day descending resistance line on Jan. 13. The price has…

Undeads Metaverse is Leading Web3’s GameFi Revolution

beincrypto.com The future is GameFi. Or at least, that’s what we’ve been hearing for the past four years. But there are times when it feels like we’ve barely made any progress into that…

Lido Liquid Staking Platform Hits 5M ETH Milestone Ahead of Reward Withdrawal Upgrade

beincrypto.com The world’s largest liquid staking platform, Lido, has hit a new milestone for the amount of staked Ethereum. An upcoming Ethereum upgrade will allow the testing of staking…

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