Polygon (MATIC) sees a strong oversold bounce after $250B crypto market rebound

Polygon (MATIC) emerged as one of the best performers among high-ranking cryptocurrencies on Jan. 26 as the price rose nearly 17% to reach an intraday high at $1.825. The gains surfaced amid a synchronous rebound across the crypto market that started on Jan. 24. In detail, investors and traders poured in over $250 billion across digital assets, benefiting Bitcoin (BTC), Ether (ETH) and many others in the process. Performance of the top-fifteen cryptocurrencies in the last 15 days. Source: TradingView Polygon, a secondary scaling solution for the Ethereum blockchain, also cashed in on…

SundaeSwap Switcheroo Leaves CardStarter Users With Losses, Spreading Cardano Discord

Darren, a healthcare worker from Australia who asked that his last name be kept confidential to protect his privacy, said he lost about $116,000 on CSWAP itself and a further $30,000 to “impermanent loss,” as a provider of liquidity for CARDS-ETH LP, which is the liquidity pool on Uniswap that would eventually be to migrated over to SundaeSwap. Author: Lyllah Ledesma Source link

SEC pushes decision on ARK 21Shares Bitcoin ETF to April 3

The U.S. Securities and Exchange Commission has extended its window to approve the ARK 21Shares Bitcoin exchange-traded fund originally proposed in July 2021. According to a Tuesday filing from the SEC, the regulatory body will push the deadline for approving or disapproving the ARK 21Shares Bitcoin ETF from Feb. 2 for an additional 60 days, to April 3. SEC assistant secretary J. Matthew DeLesDernier noted in the filing that it was “appropriate to designate a longer period” for the regulatory body to consider the proposed rule change allowing the ETF…

Altcoins book 40% gain after Bitcoin and the crypto market enter a relief rally

Crypto investors are beginning to feel a sense of hope once more on Jan. 26 as the wider cryptocurrency market is seeing green and Bitcoin (BTC) price trading near $38,000. Even with the breakout, traders are advising caution ahead of the Federal Open Market Committee meeting where the Federal Reserve is expected to unveil their plans for hiking interest rates.  As bullish sentiment begins to return, several altcoin projects have seen their prices spike more than 41% as dip buyers sought to secure a position ahead of a possible market…

RLY Backer SuperLayer to Bring Social Tokens to Solana

“Moving to Solana is one of the big steps we made to solve a lot of the problems building Web 3 products on a blockchain like Ethereum,” Mahesh Vellanki, managing partner of SuperLayer, told CoinDesk in an interview. “Whether we call them engage-to-earn, play-to-earn, learn-to-earn, we’re building architecture in a way where we can distribute rewards to users for doing simple tasks.” Author: Eli Tan Source link

BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

Bitcoin (BTC) and most major altcoins have bounced off their strong support levels but could the rally sustain to the extent that traders feel confident that a bottom in place?  Bloomberg Intelligence senior commodity strategist Mike McGlone said that Bitcoin’s price is “about 30% below its 20-week moving average,” roughly at the same position, which had led to bottom formations in March 2020 and July 2021. Although Bitcoin has corrected sharply in January, the exchanges’ balances dropped from 2.428 million Bitcoin on December 28 to 2.366 million Bitcoin on Jan.…

Criminals Still Find It Easier to Hide in Fiat Than Crypto

Several startups fill this identity-knowledge gap for law enforcement targeting criminals or investors analyzing successful investment strategies. These startups identify address owners by scraping websites and using analytics to associate addresses with multiple user attributes, like social network profiles, geolocations, mobile numbers and email addresses. They collect data from darknets, social networks and open-source forums, and purchase data from proprietary sources when possible. Author: Avivah Litan Source link

Building Your Brand, Then Building a Brand: Using the Power of Influence to Start a Business

There’s no guidebook, no course for marketing in the social media age. Yet, platforms such as Facebook, TikTok and Instagram have proved to be fertile ground for marketing and presenting personality-first ad campaigns. Two influencers-turned-brand founders – Sabrina Sadeghian of the skincare-focused makeup brand 4AM SKIN and Nicole Shiraz of Nalia Swim – join “New Money” hosts Solo Ceesay and Spencer Dinwiddie to discuss how social media helped take their brands to the next level. The benefit of a social-first marketing strategy is that creators are empowered to showcase their…