Australia overtakes El Salvador to become 4th largest crypto ATM hub

El Salvador, the first country to legalize Bitcoin (BTC), has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023. As part of El Salvador’s drive to establish Bitcoin as a legal tender, President Nayib Bukele had decided to install over 200 crypto ATMs across the country. While this move made El Salvador the third largest crypto ATM hub at the time after the United States and Canada in September 2021, Spain and Australia overtook the Central American country’s…

From Web3.0 to social media to top gadgets – Tech-aways for 2023

From gadget launches to a social media overhaul, it will be interesting to see how technology will evolve in the new year, Shubhangi Shah finds out Social media One cannot help but start with social media, the technology that has not left a single person untouched. If 2022, with Twitter’s leadership overhaul and a continued push for Web3, is any indication, 2023 is going to be interesting. The year 2022 saw the rise of apps like BeReal that aids users to be more authentic. Given that GenZs are big drivers…

Crypto Asset Manager Valkyrie Investments Wants to Sponsor, Manage Grayscale Bitcoin Trust

Valkyrie, one of Grayscale’s rivals, previously launched a bitcoin trust and a bitcoin-related exchange-traded-fund (ETF) in 2021. As part of their plan to sponsor GBTC, the world’s largest bitcoin fund, the Tennessee-based company also announced the launch of a new fund, the Valkyrie Opportunistic Fund, LP that seeks to take advantage of GBTC’s discount to the value of its underlying bitcoin, the company said. Author: Helene Braun Source link

‘Ethereum Killers’ Managed to ‘Kill’ Themselves in 2022 Rather Than Beat the Smart Contract Economy’s Heavyweight Champ – Altcoins Bitcoin News

At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes to an end, statistics show that none of the so-called ‘Ethereum killers’ have surpassed the leading smart contract platform token, and a number of these tokens have lost considerable amounts of value during the crypto winter. Ethereum Outperformed Its Competitors in terms of Market Cap, Decentralized Finance Action, and Non-Fungible Token…

Web3 Is Being Used to Preserve History Threatened by Wars

From Timbuktu to Ukraine, blockchain technology is playing a role in preserving significant artifacts. “With this system, people will solve the storage solutions problem,” Theresa Kennedy, founder of Black History DAO, told CoinDesk TV’s “First Mover” on Friday. Kennedy, a self-proclaimed crypto anthropologist, said that with Web3, people will be able to access and contribute to the information that is added on a blockchain. Read more: How Crypto Can Power the Future of Work for People of Color / Opinion The Black History DAO, which is curated by members of…

3 reasons why Bitcoin is likely heading below $16,000

December will likely be remembered by Bitcoin’s (BTC) fake breakout above $18,000, but apart from that brief overshoot, its trajectory was entirely bearish. In fact, the downward trend that currently offers an $18,850 resistance could bring the BTC price below $16,000 by mid-January. Bitcoin/USD price index, 12-hour chart. Source: TradingView A handful of reasons can explain the negative movement, including the reported withdrawal of the Mazars Group auditing firm from the cryptocurrency sector on Dec. 16. The company previously handled proof-of-reserve audit services for Binance, KuCoin and Crypto.com. Additionally, one…

Dogecoin Price Tumbles Below Support, Why This Could Be Strong Bearish

Dogecoin extended its decline below the $0.070 support against the US Dollar. DOGE could continue to move down towards the $0.0620 support zone. DOGE gained pace and traded below the $0.072 support against the US dollar. The price is trading below the $0.0700 zone and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could dive further towards the $0.062 support in the near term. Dogecoin Price…

Ethereum Price Signals Bearish Moves, Test of $1,100 Seems Possible

Ethereum is still showing bearish signs below the $1,200 zone against the US Dollar. ETH could continue to move down below the $1,180 support zone. Ethereum is attempting a minor upside correction towards the $1,200 barrier. The price is now trading below $1,200 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,195 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a larger decline towards the $1,100 level or even…