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Join Our Telegram channel to stay up to date on breaking news coverage February has been a hectic month for the cryptocurrency industry, starting with a 0.25% hike in interest rates by the United States Federal Reserve. The market has also been feeling the pinch as regulators from the US push for heightened oversight of the industry – perhaps to prevent a repeat of the 2022 crises, like the FTX collapse and the Terra Luna ecosystem’s crash. However, certain tokens, especially those hailing from China performed well in February, including NEO price, which is trading 52% higher over 30 days. How The China Narrative Sent NEO Price To $15? NEO alongside other Chinese tokens like Conflux and VeChain exploded in February following reports that Hong Kong is set to officially allow buying and selling cryptocurrencies even for retail investors. The announcement set tokens like NEO on a moon-bound flight capitalizing on what came to be known as the “China narrative....

The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin miners, or approximately 12 megawatts (MW) of capacity. The new Mawson site is capable of reaching 4.2 exahash per second (EH/s) when fully complete. Mawson Deploys Six Modular Bitcoin Mining Data Centers in Sharon, Pennsylvania Sharon, a city in western Mercer County, Pennsylvania, now has a bitcoin mining facility used by Mawson Infrastructure Group, a crypto mining operation and digital infrastructure provider. Mawson told the Youngstown Publishing’s Business Journal Daily that the company delivered six modular data centers capable of holding approximately 3,528 ASIC mining rigs. The miners will consume 12 MW of capacity, but the site can hold up to 35,280 ASIC bitcoin mining rigs, a...

The Solana smart contract token network experienced a technical glitch on Saturday, February 25, 2023, known as a “large forking event,” causing transaction failures for some users. Solana’s incident report referred to it as “cluster instability” and indicated that a coordinated restart was launched to accelerate block finalization. Solana Blockchain Deals With ‘Large Forking Event’ On Saturday at about 6:37 UTC, the Solana blockchain experienced reduced functionality, and users reported a significant slowdown in block finalization, along with some transaction failures. Solblaze, the liquid staking pool, reported that while Solana did not completely stop block production, it did experience a slowdown due to a forking event. Solblaze stated that “Solana is currently operational” despite a large forking event on mainnet-beta that has caused validators to slow down as they attempt to resolve forks. The account said the network was confirming blo...

Chain Reaction, a Tel Aviv-based block chain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production of its block chain -focused silicon and collaborate in the development of its cryptographic-focused chips. Chain Reaction Raises $70 Million in Series C Funding Round Chain Reaction, a startup that focuses on building block chain -based silicon, announced that it has raised $70 million as part of its Series C funding round. The round, which was led by Morgan Creek Digital, part of Morgan Creek Capital — a VC company co-founded by crypto influencer Anthony “Pomp” Pompliano — saw the participation of Hanaco Ventures, Jerusalem Venture Partners, KCK Capital, Exor, Atreides Management, and Blue Run Ventures. With this capital influx, the company expects to increase its engineering headcount in order to hasten the development of its block chain silicon prod...

Join Our Telegram channel to stay up to date on breaking news coverage There are many trending cryptos in the market, but only a few are on there for the right reasons. This article will highlight the 5 trending cryptos that you must watch closely to make gains in 2023. Trending Cryptos to Watch Closely We have gone beyond the norms of CoinMarketCap to create this list. This list consists of cryptocurrencies that are either undergoing presale or have been trending due to the niche they represent. These assets come with various upsides for all investors. Watch not just the price chart movements of these assets but also the fundamentals they represent. Fight Out The first one on our list of trending cryptos right now is Fight Out. This asset represents the evolution of the fitness industry inside the Web 3 space. Through its app, Fight Out doesn’t only track steps but follow complete workouts in a bid to not only help users earn money but also make them “fighting fi...

The development of the XRP Ledger (XRPL) ecosystem has grown significantly during the last year. According to recent data, approximately 2,000 additional tokens have been added to the XRPL network throughout this time.  This rise in activity is notable in light of the legal fight between Ripple Labs and the SEC, ongoing since 2020. It all began when the SEC sued Ripple , stating that XRP is a security. The case has been dragging on for over two years. Also read: Solana SOL Price Prediction for March 2023 Despite all of this, the XRP team is exhibiting greater developments. According to the details of the latest proposal laid down by XRP Ledger developers and the Ripple development lab, the idea for a new XRPL standard has been laid out. Source: Nicolas Rabier XRP Ledger’s new proposal is aimed at improving interoperability The detail from the proposal reveals that the new proposed XRPL standard is for a cross-chain bridge, which is aimed at improving inter...

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction reveals that BTC is yet to gain strength above the resistance level of $25,000 as the coin ranges. Bitcoin Prediction Statistics Data: Bitcoin price now – $23,826 Bitcoin market cap – $458.89 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $28,000, $29,000, $30,000 Support Levels: $21,000, $20,000, $19,000 After another failure to cross above the resistance level of $25,000; BTC/USD is seen sliding below the 9-day moving average. Therefore, the Bitcoin price could begin another decline if bulls failed to push the coin to the upside. At the opening of today’s trading; the king coin touches the resistance level of $24,495 but begins to bring the coin below the 9-day moving average. Bitc...

With Web3 onboarding, Solana Spaces abandons brick-and-mortar gateways. On Tuesday, Solana Spaces—Solana-themed retail store fronts—closed its company-owned and managed outlets, another ambitious project stalled by the crypto cold. “We’ve made the difficult decision to sunset our stores in NYC and Miami by the end of February, and to pivot our Solana onboarding efforts into digital products like DRiP, our free NFT product with more than 100k sign-ups,” according to the Solana Spaces Twitter account. The following is a note from our founder, @vibhu. Dear @solanaspaces community, We’ve made the difficult decision to sunset our store s in NYC and Miami by the end of February, and to pivot our Solana onboarding efforts into digital products like DRiP, our free NFT product with… https://t.co/kjNu9Ay4Gk — Solana Spaces (@solanaspaces) February 21, 2023 Solana Spaces opened its Hudson Yards location last summer. The store sold Solana-branded merchandise to Web3...

Bitcoin retreated from earlier highs during Tuesday’s session, as sentiment shifted following a move to a multi-month high. Prices surged to their highest point since last August earlier in the day, prior to a red wave sweeping through the market. Ethereum has also dropped, falling below $1,700. Bitcoin Bitcoin (BTC) fell from earlier highs on Tuesday, as momentum in cryptocurrency markets rapidly changed as the day has progressed. Following a high of $25,126.85 earlier in today’s session, BTC/USD has since gone on to fall to a low of $24,642.57. Tuesday’s earlier high sent the world’s largest cryptocurrency to its strongest point since June 13. Bitcoin chart by TradingView Overall, prices slipped as bulls were unable to force a breakout of a resistance level at the $25,200 mark. In addition to this, the relative strength index (RSI) also failed to move beyond its own ceiling at 66.00. As of writing, the index is tracking at 63.29, which is margi...

Creditors who are eligible to get their money out of Celsius won’t be able to do so until they update their accounts with AML and KYC information. When Celsius went out of business in June 2022, it allowed customers to retrieve their bitcoin. On January 31, Celsius gave an official update on upcoming withdrawals. The list of users who will be able to withdraw about 94% of eligible custody assets was included. The corporation detailed the procedure in a 1,411-page petition with the US Bankruptcy Court for the Southern District of New York. It identified all qualified users and their crypto asset debts. Before withdrawing, Celsius requires qualified users to update their account with specified details. The information that is being asked for includes information about the customer related to Know Your Customer and Anti-Money Laundering policies, as well as information about where the withdrawal is going, Celsius said. “Unless and until an eligible user ...

Crypto whales moved a lot of Bitcoin (BTC) and Ethereum (ETH) over the weekend. They are now investing millions of dollars in XRP and The Sandbox (SAND), a metaverse project. In the last 24 hours, the crypto whale tracker Whale Alert has seen four huge XRP transactions that moved a total of $126 million. The single most significant transfer moved 205,500,000 XRP worth $81.7 million from one unknown wallet to another anonymous wallet. The rest of the whale transfers sent XRP to and from several crypto exchanges. This suggests that the big investors may have bought and sold large amounts of digital assets. Here’s a look at some of the other significant changes in XRP in the last day. 40,000,000 XRP worth $15.9 million was transferred from Bitso to an unknown wallet. A wallet that people knew about sent $16.2 million worth of XRP to Bitstamp. Binance sent 32,043,479 XRP worth $13 million to an anonymous wallet. At the same time, whales with the metave...

The Arbitrum network is one of Ethereum’s (ETH) layer-2 scaling solutions. The project aims to make smart contracts more efficient while reducing transaction fees. The network also adds additional privacy features. Here we will take a look at how to add Arbitrum to MetaMask, one of the most popular wallets on Ethereum. Arbitrum was developed by the New York-based development business Offchain Labs. In September 2021, the business completed a Series B fundraising round, raising $120 million. Arbitrum can guarantee low gas costs while depending on Ethereum’s L1 security thanks to the usage of Optimistic Rollups. Smart contracts called optimistic rollups group transactions tog ETH er, requiring less processing power and gas for quick and affordable transactions. How to access Ethereum scaling solution Arbitrum using MetaMask? In addition to storing ether and ERC-20 tokens, MetaMask is a cryptocurrency wallet that enables users to access the Ethereum mainnet and its Web3 D...

Join Our Telegram channel to stay up to date on breaking news coverage The Chainlink price prediction may continue to settle above the 9-day and 21-day moving averages as the coin heads to the upside. Chainlink Prediction Statistics Data: Chainlink price now – $8.19 Chainlink market cap – $4 billion Chainlink circulating supply – 507.9 million Chainlink total supply – 1 billion Chainlink Coinmarketcap ranking – #21 LINK/USD Market Key Levels: Resistance levels: $9.20, $9.40, $9.60 Support levels: $6.80, $6.60, $6.40 LINKUSD – Daily Chart Looking at the daily chart, LINK/USD continues to trade above the 9-day and 21-day moving averages within the channel. However, the cryptocurrency is now trying to create a higher ground above the resistance level of $8.50, and should the buyers keep the coin above the moving averages, it may remain on the upside. Today, an early trading session makes the Chainlink price touch the $9.0 level befor...