Crypto Analyst Michaël van de Poppe Updates Outlook on XRP and One Top-50 Altcoin – Here Are His Price Targets

The widely-followed crypto analyst Michaël van de Poppe is updating his outlook on XRP (XRP) and VeChain (VET). The popular analyst tells his 643,300 Twitter followers that payments solution XRP could plummet by more than 22% if it fails to recover a key level quickly. “This one looks a bit odd, as we’ve seen a …

Bitcoin stays put with yearly close set to seal 60% YTD BTC price loss

Bitcoin (BTC) kept traders guessing to the last minute into the 2022 yearly close as volatility remained absent from the market. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price: Where’s the volatility? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD clinging to a familiar area around $16,500. The pair continued to disappoint players …

Winners and losers of 2022: A disastrous year that saw few winners among a sea of losers

2022 was supposed to be the year crypto went mainstream, with a significant chunk of traditional venture capital firms betting heavily on the ecosystem in 2021. However, with one disaster after another, 2022 turned out to be a catastrophic year for the nascent crypto ecosystem. Some of the biggest names touted as pivotal to taking …

These Are the Best and Worst-Performing Crypto Sectors in ‘Year of Expensive Lessons’ 2022: Arcane Research

Leading crypto market intelligence firm Arcane Research is weighing in on the performance of several crypto sectors after a year-long bear winter. In a new annual review, the intelligence firm notes that the metaverse sector suffered an 89% drawdown this year after serving as one of 2021’s killer narratives. Alternative layer-1s represented the second-worst performing …

Economist Alex Kruger Says Solana Mimicking One Altcoin’s Pattern Before 2020 Breakout

Widely followed economist Alex Krüger says that Ethereum (ETH) challenger Solana (SOL) is likely positioned for a rally. Krüger tells his 150,500 Twitter followers that he’s bullish on Solana as the altcoin is likely mimicking the pattern of automatic yield-farming protocol Yearn.Finance (YFI) in 2020. “PA [price action] makes me think of YFI October 2020.  …

Sam Bankman-Fried to reportedly plead not guilty to criminal charges

Former FTX CEO Sam Bankman-Fried (SBF), currently free on a $250 million bail bond, will reportedly plead not guilty to the alleged FTX and Alameda-related financial frauds in court on Jan. 3. SBF was arrested in the Bahamas at the request of the U.S. government under suspicion of defrauding investors and misappropriation of funds held …

Insurance Giant Tokio Marine to Offer Its Services in the Metaverse

Tokio Marine, the biggest property/casualty insurance group in Japan, is taking its services and operations into the metaverse. The group, which has more than 39,000 employees all over the world, will allow its users to review and purchase insurance products on a metaverse platform, using real employees as clerks in the virtual world. Tokio Marine …

Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network

The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2023 and plans to invite banks and fintech companies to join the trials. Turkey to Widen Participation in Digital Lira Project, Focus …

Under-the-Radar Blockchain Project Defies Crypto Downtrend, Surges 22% This Week As It Nears Mainnet Launch

An under-the-radar blockchain project has surged more than 22% this week, defying the crypto market doldrums. LUSKO (LYXE) is an Ethereum (ETH) virtual machine blockchain that aims to revolutionize the way brands, creators and users interact in Web3. LYXE is used to secure the decentralized infrastructure, pay for transaction fees, staking and in-block production. The …

‘Crypto winter’ won’t end in 2023 — Bitcoin advocate David Marcus

Bitcoin (BTC) and crypto will need until at least 2024 to “recover from the abuse of unscrupulous players,” says one of the industry’s best-known names. In a blog post released on Dec. 30, David Marcus, CEO and founder of Bitcoin firm Lightspark, disappointed bulls with his outlook for the coming years. Marcus: “Crypto winter” will …

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