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Avalanche fell to a two-week low on Tuesday, as the token broke out of a key support point. Prices fell below a floor at $17.50, which comes as the global cryptocurrency market cap is down by 1.01% as of writing. Polkadot also extended its recent losses, falling by nearly 3% on Feb. 28. Avalanche (AVAX) Avalanche (AVAX) slipped to a multi-week low on Tuesday, as prices moved below a key support point. Following a high of $18.62 to start the week, AVAX/USD dropped to a bottom of $17.39 earlier in today’s session. This move saw avalanche hit its weakest level since February 13, which is the last time prices were under $17.00. AVAX/USD – Daily Chart From the chart, it appears that one of the catalysts for the drop was a breakout on the relative strength index (RSI). Price strength dropped below a floor at 43.00, and as of writing, the RSI is tracking at the 42.28 level. The next visible point of support seems to be near the 40.00 mark, and should this be hit, there is a stron...

Bitcoin and U.S. equities markets are attempting to recover, but selling at overhead resistance could continue to weigh on the bullish momentum. Bitcoin (BTC) and the United States equities markets are trying to start the week on a positive note but some analysts are skeptical about the short-term prospects of the markets. According to Bloomberg Intelligence senior macro strategist Mike McGlone, Bitcoin will face significant resistance at $25,000. McGlone believes that it “may be a while before buy-and-hold types gain the upper hand.” It also looks like Bitcoin whales, unique entities owning 1,000 Bitcoin or more, are also not convinced of the recovery in the crypto markets. According to Glassnode, Bitcoin whale numbers have fallen to 1,663, which is well below the peak of 2,161 hit in February 2021. Daily cryptocurrency market performance. Source: Coin360 It is difficult to catch the bottom in any market. Hence, traders should try to build a portfolio when they believe that the downt...

Despite stepping down as CEO for three years, Yuzu continued to have a significant influence on the company being the firm’s largest stakeholder. Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month, in an apparent bid to reinvigorate what he claims is a stagnating firm.  Kano resigned in 2019 following a series of management disputes but is now determined to reinvigorate the crypto firm and lead it toward an Initial Public Offering (IPO) in the coming months, according to a Feb. 26 report by Bloomberg. The former CEO also said he also wants to put Japan back on the map in the world of cryptocurrency. “I will make it capable of fighting on the international stage,” the bitFlyer co-founder said in a recent interview. Kano shared the Bloomberg post on Feb. 27 to his 111,500 Twitter followers. Source: Twitter. According to the interview, if reinstate d, he intends on introducing stablecoins ...

The issue is linked to the recent network upgrade from 1.13 to 1.14, which slowed block finalization. Solana network faced a slowdown in block production on Fev. 25 following the upgrade in the validator software. The incident resulted in disruptions to transactions and led validators to downgrade the software in an attempt to restore network performance.  The technical issue started around 6:00 AM (UTC), leading validators to downgrade to version 1.13 in an effort to restore transactions in the network . The downgrade, however, was not enough to restore Solana to normal operations, forcing the decision to restart the network on v1.13.6. The Solana network is currently restart ing after an issue during the upgrade from 1.13 to 1.14 that slowed block finalization Once validators with 80% of stake have restarted the network will resume You can track the progress of the restart here:https://t.co/HclrUqWQ2y — Solana Compass (@SolanaCompass) February 25, 2023 "The network...

Bitcoin fails to catch a break after "hot" PCE numbers punish U.S. stocks and brings DXY back from the brink of breakdown. Bitcoin (BTC) stayed lower at the Feb. 24 Wall Street open as United States macroeconomic data showed inflation biting back. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PCE sparks fresh doubts on inflation Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded in a narrowing range around $23,800. The pair saw an attempt to reclaim $24,500 the day prior, but this ultimately proved unsuccessful as resistance kept gains in check. Bitcoin nonetheless saw only a muted reaction to the latest U.S. Personal Consumption Expenditures (PCE) Index print, which at 4.7% versus 4.3% forecast suggested that inflation was not ebbing as quickly as hoped. For popular commentator Tedtalksmacro, this was cause for the Federal Reserve to consider a larger interest rate hike at its March meeting — a potential headwind for risk assets ...

New York Attorney General Letitia James has sued cryptocurrency exchange Coinex “for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange.” The NY attorney general also stressed that Coinex is not registered with the U.S. Securities and Exchange Commission (SEC) even though the platform lets users trade crypto tokens that are allegedly securities. Coinex Violates New York Law, Says NYAG Letitia James The office of New York Attorney General (NYAG) Letitia James announced Wednesday that the attorney general has sued cryptocurrency trading platform Coinex “for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange.” The announcement details: The Office of the Attorney General (OAG) was able to buy and sell cryptocurrencies on Coinex in New York, although the company is unregistered in the state, which is a violation of New Yo...

Social media groups devoted to cryptocurrencies in Russia have been attacked by bots in what looks like a campaign against bitcoin and the like. Their comments on Russia’s largest social media platform are triggered by certain keywords like crypto and blockchain, members of the community have noticed. Bots Flood Vkontakte Groups With Comments Against Cryptocurrency In the past week or so, crypto-themed groups on Russia’s state-controlled social network Vkontakte (VK) have been seeing a growing number of comments seeking to discredit cryptocurrencies and related technologies, the crypto news outlets Bits.media and RBC Crypto reported. The comments appear under posts and linked articles about crypto assets. They are all similar, for example: “It’s more expensive to delve into crypto, it’s always big risks,” “Someone still talks about bitcoins?” or “People who buzz about crypto don’t even understand it.” According to Nikita Zuborev, senior analyst at the exchange aggregator Bestchange...

Discover 11 essential tech jobs that don’t require coding skills, including UX designer, technical editor, digital marketer and data analyst. Tech jobs that do not require coding are important for several reasons. Firstly, they provide opportunities for individuals who may not have the technical background or interest in coding to work in the tech industry. This can help diversify the industry and bring in fresh perspectives and skill sets. Additionally, these roles are crucial for the successful development and launch of tech products and services. Technical support specialists, project managers, technical editors and quality assurance testers are all essential for ensuring that products are user-friendly, high-quality and meet user needs. Finally, these roles often require strong communication, problem-solving and organizational skills, which are valuable in many industries. Here are 11 jobs that do not require coding skills. User experience (UX) designer A user experience (UX) desi...

ETH’s rally paused at key resistance levels according to on-chain and technical data but the downside risk appears limited based on the network’s activity. Ether (ETH) fell short of a bullish breakout based on technical and on-chain analysis, suggesting that the consolidation below the $2,000 price level could continue in the medium term. At the same time, a lack of sellers and strong fundamentals will likely protect Ether from steep declines. Ethereum encounters resistance at long-term bullish reversal points ETH/USD price increased by 42.80% since the start of 2023 thanks to a short squeeze in the altcoin market, negative investor sentiment and low liquidity conditions. Based on on-chain and technical levels, the rally has paused at a crucial bull-bear pivot. Glassnode’s Relative Unrealized Loss metric measures the loss scale on Ether holders' books. The orange line represents the bull-bear pivot line, where consolidation above this level signifies bear trends and vice vers...

The conference known as “Proof of Conference” was slated to run in May has been canceled due to “less interest than anticipated,” according to co-founder Kevin Rose. ‘Less interest than anticipated’ — PROOF cancels NFT event Kevin Rose, the co-founder of the nonfungible token (NFT) collection Moonbirds has confirmed that their flagship conference “Proof of Conference” scheduled for May has been canceled, citing “less interest than anticipated.” We made a tough decision today, I want to apologize to everyone that planned on making the trip out. Full ETH refunds have been processed, hotels are refundable, and contact us about flights. (details below) https://t.co/tV4ba85648 — KΞVIN R◎SE (,) (@kevinrose) February 20, 2023 The Conference was first announced in early November. It was scheduled to run on May. 11 to May. 13 in Los Angeles. However, Rose explained in a Feb. 20 letter to ticket holders that it wasn’t “the right time” for the conference: “As you know, in the world of NF...

The Financial Stability Board has warned that new rules for risk management would make it hard for many stablecoins that are already in use. In a letter to G20 finance ministers, FSB chair Klaas Knot said that the events of the past year, like the collapse of FTX, have shown how volatile and structurally weak crypto-assets are. Knot says, to stress how important regulatory oversight is for the sector: “We have now seen first-hand that the failure of a key intermediary in the crypto-asset ecosystem can quickly transmit risks to other parts of that ecosystem. And, if linkages to traditional finance grow, risks from crypto-asset markets could spill over onto the broader financial system.” Knot says that stablecoins are seen as a good way to spread financial shocks that could make threats to financial stability worse. The G20 gave the FSB the job of coordinating the creation of a full regulatory framework for crypto-assets, which is expected to be ...

Join Our Telegram channel to stay up to date on breaking news coverage Galois Capital, a San Francisco-based crypto investment firm, has announced that it is closing down. The firm confirmed the news in a tweet on Monday, expressing gratitude for the support received.  What: Galois Capital has announced that it’s closing the firm. Why: The company’s flagship fund experienced significant losses due to the collapse of the cryptocurrency exchange FTX.  What next: The firm has decided to wind down its operations and return any funds that have not been lost to its investors. The announcement from Galois Capital comes as a surprise to many, as the firm had previously been seen as a rising star in the industry. The firm had invested in high-profile blockchain projects, including Chainlink, Polkadot, and The Graph. It also actively supported various decentralized finance (DeFi) protocols and built a strong industry contacts and advisor network. In its state...

The social media realm has been reigned over by behemoths including Instagram, Twitter , and Facebook. Even though Verification s like “blue check marks” were initially provided to prominent users, including celebrities and artists, nowadays anyone can buy a Verification . Also read: Shiba Inu’s Kusama Drops Hints on Shibarium Release, BONE Spikes by 9.5% This trend was set by Twitter , which launched Twitter ’s blue subscription and also the gold Verification for businesses. Now, other social media platforms have begun to copy this trend. This has also become an additional source of income for these social media platforms. According to the latest announcement on the official Meta channel, Instagram will start selling Verification for $11.99 per month. JUST IN: Instagram to start selling Verification for $11.99 / month. — Watcher.Guru (@WatcherGuru) February 19, 2023 Instagram to roll out verification service this week Mark Zuckerbe...

Join Our Telegram channel to stay up to date on breaking news coverage Decentralized Reputation System (DREP) is a blockchain-based platform that aims to provide an infrastructure to measure, monetize, and share reputation value on online platforms. In this article, we’ll discuss how DREP is working on changing the way online reputations are tracked and provide an overview of recent DREP price movements and market sentiment. The DREP Foundation is working towards creating a decentralized reputation protocol and blockchain infrastructure to enable existing internet platforms to harness their reputational worth and connect reputation data across the internet. The project is looking to provide secure and transparent reputation data across the internet, eliminating any possible reputation manipulation activities, and making it easier to monetize and share reputation value. By utilizing blockchain and crypto infrastructure, DREP thinks it can ensure the privacy and security of...