Krypto News – the review: That was important this week

crypto news

It’s January 7th, 2023. The first week of the new year is history. Cryptocurrencies tended to get off to a good start in 2023. Bitcoin, for example, recovered by around 2% on a weekly basis, while Ethereum even pumped by over 5%. The start has undoubtedly been successful – let’s take a look at 10 crypto news from the past seven days that every experienced crypto investor should know.

1. Layoffs at Huobi Global: crypto exchange in cash trouble

Crypto exchange Huobi Global gave the native CEX token HT a pump last year with expansion plans. Due to payment difficulties at Silvergate Bank with a bank run, there are now also liquidity problems at Huobi Global. Justin Sun, who took over 30% of the stock market in October last year, has now announced layoffs. Up to 20% of the workforce is to be laid off in the short term.

2. Fight Out Presale Nearing $3M Milestone, Pro Athletes as Brand Ambassadors

The year 2023 begins and the crypto presale of fight out is still on everyone’s lips. The innovative Move2Earn cryptocurrency got off to a strong start in pre-sales and is now approaching the $3 million milestone. At the same time, well-known brand ambassadors were recently won to increase awareness of the disruptive cryptocurrency.

FightOut Ambassador

The holistic metaverse with real fitness studios could attract people with an affinity for sports – because the Web3 undoubtedly offers gigantic opportunities for everything to do with sports and health, which could make Fight Out suitable for mass adoption.

Here for the Fight Out Presale

3. Nigeria pushes adoption of central bank digital currency

As the most populous country in Africa, Nigeria is becoming increasingly important. The introduction of a digital central bank currency – the eNaira – has had little success to date. Acceptance among the population is, to put it mildly, manageable, Bitcoin is much more popular. However, Nigeria is now pushing adoption further and wants to develop into a cashless society in the medium term. As of March, cash withdrawals from government accounts will no longer be possible. At the same time, they are currently working on a crypto law that is intended to establish more friendly framework conditions for the digital currency market in the crypto hub Nigeria.

4. Dash 2 Trade extends presale and announces Gate.io listing

Dash 2 Trade

There was also positive news in the last week Dash 2 Trade Presale. Because the originally targeted hard cap was achieved. The team then announced a new listing on the Tier 1 exchange Gate.io and at the same time extended the advance sale. Investors still have around three days to buy the native ERC-20 token cheaply before the ICO is processed simultaneously on various crypto exchanges next week on January 11th. Investors could continue to keep their eyes on an exciting cryptocurrency that is ideally placed in an uncertain market environment with advanced crypto analysis and curated trading signals.

Here for the Dash 2 Trade Presale

5. Cathie Wood and Ark Invest see massive recovery potential at Coinbase

Cathie Wood just can’t help it. With the buy-the-dip strategy, Ark Invest, with fund manager Cathie Wood, is sticking to its growth-oriented approach. More Coinbase shares were recently bought for around $5.7 million. The Grayscale Bitcoin Trust and Coinbase stock alone account for over 10% of the entire ARKW portfolio. Coinbase stock has fallen about 90% since last year.

6. Silvergate in financial difficulties: bankruptcy coming?

The US Silvergate Bank, which primarily focuses on the crypto business, is struggling with liquidity problems. Increasing distrust in the digital currency market is currently driving investors to flee. Most recently, there was a bank run in which investors withdrew over $8 billion, more than 70% of deposits. Silvergate made massive losses by selling quickly to raise liquidity. This is likely to further call operational stability into question.

7th Recovery Rally at Solana – what’s next for SOL?

Solana was among the weakest coins of the past year. Because the close connection to Alameda Research and FTX caused a crash after the spectacular collapse of the Major Exchange. The year 2023 starts friendly with a massive countermovement for SOL. On a weekly basis, the native coin of the layer 1 blockchain is up over 30% and is now trading above $13 again. The discount from the ATH of 95% is still extremely strong, technically only a temporary countermovement could be indicated, which would suggest further downside potential.

8. Lido DAO explodes by over 50% in 7 days

Lido DAO has been bullish for the past week. Overall, the LDO price rose by over 55%. The Total Value Locked, which reveals how much capital is tied up in a crypto protocol, has recently risen significantly. This enabled Lido Finance to take the top spot in the market segment. Now, one could also benefit from the Shanghai upgrade if demand for Ethereum staking continues to rise from potential withdrawals. Because the staked ethers still have a small share compared to other layer 1 blockchains. This could change with more certainty regarding optional use.

9. New cryptocurrency relies on e-mobility and blockchain: Here comes C+Charge

C+ batch

with C+ batch crypto presale begins for a new project targeting a high-growth trend. Because the adoption of e-mobility is progressing. Opportunities for lucrative business models arise here in a gigantic ecosystem. C+Charge has chosen the charging process as a target market and now wants to launch a blockchain-based platform that rewards the owners of the electric vehicles with carbon credits and at the same time makes daily use much easier. Because C+Charge wants to standardize a highly fragmented market segment and has made transparency a priority.

Here for the C+Charge Presale

10. SBF pleads “not guilty” on all counts

On January 3, 2023, Sam Bankman-Fried (SBF) appeared before the competent court. The US Department of Justice accuses SBF of using billions of dollars in customer funds, for example to support politicians or to buy real estate. There are eight charges in total, including money laundering. But unsurprisingly, SBF now pleads “not guilty” on all counts.

Author: Dennis Buchbauer

Dennis Buchbauer has been dynamic in the field of sports betting for over 10 years and is a true master in this field. At wettProvideroesterreich.at, Dennis not only creates the test reports and technical overviews, but also runs the tests. The prelude to tennis is also on the side Wette.de, WettProviderswitzerland.ch and Bookmaker Bonus to find. Dennis really does place bets to get an accurate score. He also tests new and expanded bookmakers and other betting frames and looks at the site and data. Here is his LinkedIn and Twitter.

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