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Join Our Telegram channel to stay up to date on breaking news coverage Vauld, a crypto lender headquartered in Singapore, has received an extension from the Singapore court for its creditor protection period, now moved to 28th February. This extension was granted to Vauld as it failed to come up with a revival plan, a person familiar with the matter reported to Bloomberg. Valud Gets An Extension To Restructure Its Finances Vauld froze customer funds in July 2022, since it was a part of the long list of crypto lenders who suffered massive damage from last year’s crypto retreat. The source for the article confirmed that Vauld has received two bids from digital asset fund managers, who have offered to take over the token management on the platform. The article refused to share the identity of the source, as requested by them, but they did provide some additional information. Mainly an update that Vauld’s discussions with fund managers are at an advanced stage. At the same time, ...

With Bitcoin [BTC] surging to a high of $25,000, the entire community was vouching for the king coin to hit $30K. However, the asset has been struggling to push past this level due to the strong resistance at this level. One of the reasons could be the rising short-Bitcoin inflows. According to CoinShares, a crypto asset manager, weekly short inflows witnessed a major surge over the last week. The report highlighted that short funds had inflows of a whopping $10 million. Outflows, on the other hand, were at $12 million for the third consecutive week. However, this sentiment was limited to the United States. Elaborating on the same, CoinShares wrote, “….this negative sentiment was solely from the US. We believe this reaction reflects nervousness amongst US investors prompted by the recent stronger than expected macro data releases, but also highlights its sensitivity to the regulatory crackdown in the US.” Shorts are usually a bearish indication as investor...

Twitter had become the center of attention at the end of 2022, when Elon Musk , CEO of Tesla, purchased the popular social media site for a stunning $44 billion on October 27, 2022. As word of the acquisition spread like wildfire, many people expected substantial changes to occur under Musk’s leadership. One of the primary changes that was implemented by Musk was doing mass layoffs. The social media behemoth fired 3,700 employees in November as a part of its cost-cutting measures. Also read: Twitter : How to Keep Your Account Safe Now, according to the latest reports from the Information, Twitter has laid off 50 employees in the eighth round of job cuts. Source: Business Today Is Twitter’s ongoing financial trouble a curse for employees? The social media giant has reportedly fired employees from engineering teams, main Twitter headquarters, technical infrastructure, advertising support, and more, according to people familiar with the matter. Also read:...

Join Our Telegram channel to stay up to date on breaking news coverage As a step towards regulating the cryptocurrency space, the International Monetary fund has created a nine-point action plan of how countries should look at cryptocurrencies. The first point, however, is a major point of contention, as it says that Bitcoin must not be given the status of legal tender.  Upon discussing the “Elementss of Effective Policies for Crypto assets”, IMG has said that the paper guides IMF countries to create the right response to crypto assets.  Doing Nothing is Now Untenable – IMF The crypto space saw the fall of many cryptocurrency exchanges last year. What started with the fall of Voyager soon infected the likes of Celsius. FTX also took the brunt of the regulatory blowback (although through its own fault), and more recently, BlockFi, after surviving for so long, has also gone under.  The downfall of these cryptocurrency exchanges and more whose na...

This week NFT Steez spoke to award-winning artist Victor Solomon about basketball, the metaverse, Web3 and his unique NFT collection. NFT Steez hosts Alyssa Expósito and Ray Salmond chatted with Victor Solomon to discuss his journey in bridging his in-real-life artwork with NFTs and how he cultivates the community and culture that surrounds his art.  Solomon's work centers around basketball — not just the object, but the sport itself. For Solomon, the inspiration for his work comes from wanting to play hockey in his early childhood. At the time, this was a sport that was not accessible for him, but it led to his eventual discovery of basketball, which he found to be more accommodating.  Solomon said: "Basketball was such an inspirational platform for me since there's no barrier to entry."  According to Solomon, the open nature of basketball is an "incredible parallel for everything that's happening in Web3," and throughout the episode, he explained th...

In November 2018, Uniswap debuted its services. It offers decentralized financial services that are built on the Ethereum blockchain. The exchange had evolved into one of the most significant decentralized exchanges. Uniswap has recently unveiled a new feature that has made the purchase of NFTs way easier. According to the details from the announcement, the latest feature is in an effort to unify the NFT and ERC-20 experiences. Also read: Binance Accidentally Closes Derivative Positions of Few Australian Users Source: Coinmama Uniswap NFT buyers can use any ERC-20 token Uniswap has addressed the fact that NFT buyers can now purchase NFTs on its marketplace using any ERC-20 tokens, including UNI, SHIB, and others. According to the details, here is how the feature works: “This feature is made possible by our new Universal Router contract, which, for the first time, unifies token and NFT trades into a flexible and gas-optimized swap router.” Al...

According to the Department of Justice, Forsage employed smart contracts which were coded in ways consistent with a Ponzi scheme. The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon. The four Russian founders — Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov — have been formally accused of having key roles in the scheme which raised approximately $340 million from victim-investors, according to a Feb. 22 Department of Justice (DOJ) statement. “Today’s indictment is the result of a rigorous investigation that spent months piecing together the systematic theft of hundreds of millions of dollars,” said U.S. Attorney Natalie Wight for the District of Oregon, adding: “Bringing charges against foreign actors who used new technology to commit fraud in an emerging financial market is a complicated endeavor only possible with the full and complete coordination of multiple la...

Indian cryptocurrency exchange WazirX has shut down its NFT marketplace. The website states that the “marketplace has been sunseted.” However, users can still trade their NFTs on OpenSea, according to the website. By clicking the OpenSea link provided on the website, users can buy or sell the NFTs they purchased on WazirX . WazirX ’s profile on OpenSea currently has 52,253 products for sale. Source: WazirX WazirX has not released a statement regarding the matter. Watcher Guru has reached out to WazirX for a comment but has not received a reply at press time. After WazirX NFT marketplace, will the exchange be next? Users are tensed about the development, and many are worried that the exchange could be next to shut down. However, there is no confirmation regarding the matter. It is possible that the NFT marketplace is facing some technical issues and will be back online soon. WazirX previously had a feud over whether Binance, the world’s largest exc...

ThunderCore Celebrates 4th Anniversary, they will be commemorating the 4th anniversary of its efforts to create the ideal platform for project developers to come on board and bring Web3 technology to a wider audience. To celebrate this momentous occasion, ThunderCore is launching an airdrop campaign for its community. They invite you to celebrate their 4th anniversary and be part of their journey towards building the best Web3 ecosystem. As ThunderCore Celebrates 4th Anniversary. Details of the ThunderCore 4th Anniversary Celebration Campaign Campaign#1 Campaign Period: 08:00 am Feb 20th ~ Mar 5th 08:00 am UTC Campaign Reward: Share the pool $1,000 TT with 10 winners ($100 TT each) How to participate: Stake TT in ThunderCore PoS Staking. For more information, please visit here. Campaign Rules: Mar 5th, 08:00 am UTC PoS Snapshot: Calculate the amount of TT staked in ThunderCore PoS Staking by Snapshot. Mar 10th, 08:00 am UTC POAP Distribution: All addresses that have staked TT in Thunde...

A well-known analyst thinks that Bitcoin (BTC) is getting ready to make a big move up. A fake crypto strategist named Kaleo tells his 555,100 Twitter followers that the king crypto is probably getting ready for a huge breakout that could send it to a level not seen since June 2022. “When this finally breaks through, we’ll see a glorious god candle to $30,000. Just don’t think today is the day that’s going to happen be careful and don’t get too greedy yet friends.” Source: Kaleo/Twitter At the time this was written, Bitcoin was being traded for $22,579. This is around the diagonal resistance area on Kaleo. One of Kaleo’s charts shows that he thinks Bitcoin will go up to $30,000 in February. “$30,000 is a magnet.” Source: Kaleo/Twitter If the price goes up toward his target, it would mean that the king cryptocurrency could go up by more than 32% from where it is now. Kaleo also says that he thinks Bitcoin will follow the same patterns...

Source: Coin360 The U.S. dollar’s rise has put brakes on Bitcoin’s price recovery, but lower levels are likely to attract buyers for BTC and altcoins such as Dogecoin. The United States Dollar Index (DXY) has started a strong recovery and its rise is putting pressure on Bitcoin and the S&P 500 (SPX) index. Market participants will be keenly watching for any insights on future rate hikes when Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Washington on Feb. 7. Meanwhile, Bitcoin’s 43% rebound in January has improved sentiment among small investors. Crypto analytics firm Santiment said that the number of Bitcoin addresses holding 0.1 Bitcoin or less soared by 620,000 to hit 39.8 million, the highest level since Nov. 19. With the sentiment turning positive, traders usually buy the dips as they anticipate the uptrend to continue. However, some analysts believe that the dip buyers will get trapped and Bitcoin may fall to the $19,000 to $21...

Most remote workers in Latam prefer to get paid in crypto, according to the latest report from the Deel Lab for Global Employment. The reasons behind the finding are said to be diverse, but include the instability of some of the local fiat currencies, and the influence of high levels of inflation in the region. Remote Workers Prefer to Be Paid With Crypto in Latam According to a report from the Deel Lab for Global Employment, most remote workers in Latam prefer to be paid in cryptocurrency, reinforcing the popularity of this payment method amongst freelancers in the area. The usage of crypto for payments in the region went up from 61% to 64% during 2022 — more than double the usage of these tools that the second region, EMEA, saw at 27%. The reasons behind this preference for crypto, dwarfing usage in other markets, have to do with the particularities of the region and how these workers use their resources to sidestep their economic conditions, according to the report. Even with the...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Regains Bullish Momentum as It Re-Enters the $25K Barrier Level – February 19, 2023 BTC/USD is regaining momentum above the $23,500 as it re-enters the $25K barrier level. The biggest cryptocurrency asset has risen above the $23,500 support as it once again tested the $25,000 resistance. The bullish momentum has accelerated to a high of $24,742.00 today. After the $25,000 resistance is broken, Bitcoin’s upward momentum will pick up again. Bitcoin Price Statistics Data: •Bitcoin price now – $24,697.59 •Bitcoin market cap – $476,562,220,946 •Bitcoin circulating supply – 19,295,475 BTC •Bitcoin total supply – $518,632,996,806 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 BTC/USD rose to a high of $25,234 on February 16 before falling again. As buyers recov...