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Dec 28,2022

3 good signs for the crypto industry in 2023

With the collapse of Terra and FTX, the ongoing Russian-Ukrainian war, rising inflation and interest rates, everything is compounded by a bitter crypto winter, things do not look promising for the industry. digital assets as we approach 2023. However, it is not. all. doom, gloom and despair for the cryptosphere. Many bright spots also appeared as this terrible year drew to a close. Join us as we highlight some of these encouraging developments and why they could mean better days for crypto markets in the new year. A recent study by Glassnode, a blockchain research company, showed that BTC HODLers (long-term investors) and their income will increase in 2022. According to the study say, the number of such "cash addresses" approaches the million mark (793,591). , a remarkable feat that has never been seen before. Also, the balance of all these records is 3,099,828 BTC, an increase of 18% since the same time last year. Also, the number of BTC exchanges has decreased, indicating that the FUD implosion of FTX may be coming to an end. For example, the Bitcoin exchange rate appears when FTX falls, reaching 142,788 BTC on November 14. This number fell by 93%, reaching 9,300 BTC on December 25, the lowest in 7 months. Together, these are good indicators for Bitcoin; they reflect the strong confidence of investors entering 2023. And in general, what is good for Bitcoin is also good for other crypto markets.The growing number of crypto services Yes, 2022 has seen huge rewards in the crypto industry. Popular crypto exchanges such as Coinbase, Kraken, Huobi and many others have laid off thousands of employees to combat the unpredictable market conditions. In total, more than 26,000 crypto-related jobs have been lost in 2022. However, this is still insignificant when compared to the number of jobs filled in the same industry in 2022. According to data from Block Research, the number of crypto projects filled with 82,200 tokens this year; 351% increase from 18,200 jobs of 2019. Currently there are many jobs in Web3, spanning different sectors, from software, design, data analysis, infotech, through metaverse, market research, marketing and many more other important areas. connected to Web3 and the crypto community. In all sectors, trade and commerce account for more than 50% of work. It is also worth pointing out that, despite the big losses this year, the NFT (non-fungible token) market itself reached almost 6,738 jobs. Crypto exchanges still represent the largest number of positions with Binance leading the pack. Investing in crypto is still high With the collapse of Terra and the implosion of FTX, you would think that VCs would want nothing to do with the crypto industry. After all, prices are falling, hacking, and market conditions continue to be negative. However, despite a seemingly negative opinion, the crypto sector has managed to get the most money in developing and emerging technologies, even more than FinTech and BioTech. According to data from CoinTelegraph, crypto-VC funding will reach $36.1 billion in 2022. That is almost 20% more than in 2021, despite all the dramatic events we have seen this year. In the last 10 days alone, crypto projects on web3 such as Earn Alliance, Ramp Network, Roboto Games, Burn Ghost, and Keyrock have received more than $175 million in funding. In other news, Animoca Games, one of the biggest crypto VCs, announced a $2 billion metaverse development fund on December 2. Conclusion All these are good signs for the crypto market. They show that there is still a positive feeling around the digital assets industry as we enter the new year. However, will these positive effects outweigh all the doom, FUD and gloom of 2022?
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Dec 27,2022

Latest Cryptocurrency prices: Bitcoin, Ethereum Earn, Earn Other Coins

Major cryptocurrencies rose on Tuesday. Over the past 24 hours, the global cryptocurrency market capitalization reached $813 billion, with a trading volume of $22.4 billion. BITCOINBitcoin, the worlds largest and most popular virtual currency, rose 0.1% to $16,869. Its market value is $324.8 billion. Turnover was $12.7 billion. EthereumEther, or ether, the second-largest virtual currency, rose 0.2% to $1,223, with a market capitalization of $149.8 billion. Ethereum transaction volume in the last 24 hours has reached $3.5 billion. Shiba InuShiba Inu rose 0.2%, with a market capitalization of $4.6 billion. The trading volume of the last 24 hours is 55.2 million dollars. SolanaSolana fell 1% to $11.3, with a market capitalization of $4.2 billion. Over the past 24 hours, Solana has recorded a trading volume of $137.5 million. Polygon Polygon rose 1.4 percent for a market capitalization of $7.1 billion. The trading volume of the last 24 hours amounted to 167.9 million dollars.
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Dec 23,2022

Bitcoin slips, Ether inches up; Dogecoin leads rebound in top 10 cryptos

Bitcoin slipped and Ether rose in Asian trade on Friday afternoon, led by Dogecoin among the top 10 volatile cryptocurrencies by market capitalization. Fast facts Bitcoin lost 0.04% over the past 24 hours to change hands at $16,838 by 4:30 p.m. In Hong Kong, Ether rose 0.22% to $1,218, according to CoinMarketCap. Dogecoin increased 5.62% to $0.07793. On Thursday, Twitter launched a search function that shows some crypto prices, including Bitcoin and Ether, but the function is not yet available for Dogecoin. Cardano rose 2.75% to $0.2596. Cardano algorithmic stablecoin Djed will launch in January. XRP increased 1.3% to $0.3487. Attorney Matt Hamilton, Ripple former lead developer, said the blockchain will soon include smart contracts, which are currently under development. Asia shares retreated after overnight losses on Wall Street. Japan Nikkei 225 fell 1.03%, the Shanghai Composite fell 0.28% and Hong Kong Hang Seng lost 0.29%. The Bank of Korea said on Friday that its interest rate policy will remain focused on curbing inflation next year.
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Dec 22,2022

Crypto Prices: Bitcoin Falls, Ethereum Rises As Most Other Tokens Fall

Most cryptocurrencies fell on Thursday. The global crypto market cap was around $810 billion and $25.8 billion in the last 24hours. "Most cryptocurrencies fell slightly after the release of the US report on consumer confidence, which reached an eight-month high," emphasized Edul Patel, CEO and founder of Mudrex. BitcoinThe price of Bitcoin, the world largest and most popular virtual currency, fell 0.1 percent to $16,826.5. It had a market capitalization of $323.8 billion. The trading volume was 14.6 billion dollars. "BTC has been trading in a tight range and is trying to gather upward momentum. It recently recovered from $16,815 and is currently tracking the $17,000 level, which could lead to a return to the $18,000 area," said Edul Patel, CEO and Partner. Founder of Mudrex. EthereumThe second largest virtual currency, Ethererum, or Ether, rose 0.3 percent to $1,213.9 for a market capitalization of $148.6 billion. Ethereum had a trading volume of $4.1 billion in the last 24 hours. As for Ethereum, Patel said, "It recently bounced off the $1,150 support, indicating more demand at the lower levels." DogecoinDogecoin, a self-based virtual currency, rose 0.1 percent to $0.1. It had a market capitalization of $9.8 billion. The trading volume was 338.3 billion dollars. Solana Solana fell 0.5 percent to $12.1, with a market value of $4.4 billion. Solana had a trading volume of $162 million in the last 24 hours. Shiba InuShiba Inu fell almost a percent and had a market value of $4.5 billion. In the last 24 hours, the trading volume was 82 million dollars. Polygon Polygon fell 0.6 percent to $0.8 on a market value of $6.9 billion. During the last 24hours, the trading volume was 180.1 million dollars.
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