Author: Saheel Khirodkar

Saheel works as a content writer for Bitnewstoday. He has always been interested in journalism and enjoys writing. Furthermore, His interest lies in cryptocurrency, and is continuously seeking for new techniques to invest. In his free time, he enjoys staying up to date on the latest industry news and spending time with his family.

Cardano DEXs did wellHowever, the network’s TVL has been declining in tandem with daily activity.MELD DeFi, a popular Decentralized Exchange (DeX) on the Cardano [ADA] network, said in a 2 January tweet that it will be increasing its scope and growth. It would do this by transforming into a multi-chain protocol and launching on Avalanche in the months ahead. The Cardano – DEX relationshipThe DEX has also just earned its Electronic Money Institute (EMI) licence, allowing it to accept American consumers and operate in over 100 countries. However, MELD Defi was not the only DEX that demonstrated network gains. Miniswap,…

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Despite the turmoil in the cryptocurrency market, Final Fantasy developer Square Enix is preparing to double down on blockchain game production, according to a Jan. 1 letter from the Japanese company’s president, Yosuke Matsuda. The letter, titled “A New Year’s Letter from the President,” sought to summarise the company’s significant achievements in 2022 and outline its goals for 2023. Seven of the 15 paragraphs were on blockchain gaming, indicating that blockchain gaming would be a significant emphasis of the company’s investing strategy in the future. Matsuda claimed that “blockchain entertainment” is the investment sector on which his team would be…

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The Indian government is starting a crypto awareness campaign to educate investors on the legality of cryptocurrencies in the country while emphasizing the hazards of investing in crypto assets. Cryptocurrency Awareness Campaign by the Indian GovernmentThe Indian government is apparently starting a first-of-its-kind crypto awareness campaign. It will be run by the Investor Protection and Education Fund Authority, a government organization overseen by the Ministry of Corporate Affairs. A government official was quoted by ET as saying: The campaign will highlight that cryptocurrencies are not legal in India and there are also deep risks involved in such assets. Any investment…

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As of right now, our beloved OG is 14 years old! Satoshi Nakamoto lit the code on January 3rd, 2009, and the Genesis Block started the chain. Bitcoin’s Journey I have compiled some charts and performed some calculations on them for you people. Following the Genesis Block: BTC has been profitable for 3,750 days, or 83% of its existence According to this chart, if you purchased before November 2020 at the current price, you are probably in the black. A total of 19,248,459.375 BTC entered in circulation (as of writing) This is equivalent to 21 million coins, or approximately 91.66%…

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The Lightning Network is a decentralized system that allows for the creation of payment channels between users that can facilitate the quick and cheap transfer of cryptocurrency. It is a layer built on top of blockchain networks, such as Bitcoin and Litecoin, and is designed to enable fast and cheap transactions. One of the main benefits of the Lightning Network is that it allows for near-instantaneous transactions. Because the transactions occur off the main blockchain, they are not subject to the same confirmation times as regular transactions. This means that users can send and receive payments almost instantly, rather than…

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As the world becomes increasingly reliant on technology, the question of security is more pressing than ever. In the realm of cryptocurrency, one question that often comes up is whether offline wallets, also known as “cold storage,” are immune to hacking. While it is true that offline wallets have a number of security advantages, it is important to understand that no system is completely foolproof. So, what exactly is a cold storage wallet, and how does it differ from a “hot” online wallet? Simply put, a cold storage wallet is a type of cryptocurrency wallet that is not connected to…

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According to Circle’s chief strategy officer, the technology will transfer to “more regulated and established institutions” in 2022 as a result of the turmoil in the cryptocurrency industry. Dante Disparte, chief strategy officer and head of global policy at Circle, thinks that the turmoil in the cryptocurrency market over the past year may have signalled the transfer of crypto technology to “steadier hands” and more resilient businesses in 2023. Disparte noted the expanding use of cryptocurrencies in the financial services industry in a post for The World Economic Forum (WEF) on January 2. He also expressed his opinion that the…

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The gaming industry’s giant Square Enix has increased its focus on blockchain while the metaverse and gaming tokens have had a successful start to the new year. Cryptocurrencies with ties to the metaverse, such as ApeCoin (APE) and Axie Infinity (AXS), have seen price increases of about 6% over the past day. According to CoinGecko data, APE is up 6.3% to $3.88, AXS is up 6.9% to $6.41, and SAND is up 5.2% to about $0.40 for Axie Infinity and The Sandbox, respectively. MANA, the currency of Decentraland, recorded more modest gains of 4.4% to reach about $0.31. In contrast,…

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Cointelegraph quotes Dashjr as saying that the alleged hackers gained access to his PGP key.It is believed that Changpeng “CZ” Zhao, CEO of Binance, has taken notice of the development. According to Cointelegraph, Luke Dashjr, one of the original Bitcoin core developers, claimed to have lost “basically” all of his BTC as a result of a hack that occurred before the new year. According to Cointelegraph, Dashjr claimed that the alleged hackers gained access to his PGP (Pretty Good Privacy) key in a tweet from January 1, 2023. According to reports, Dashjr disclosed a wallet address where a specific amount…

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In 2022, navigating the Bitcoin and cryptocurrency worlds in general has been a difficult rollercoaster. We have now finished that chapter and moved on to new, unexplored ground. Everyone who cares about cryptocurrency is now speculating about whether 2023 will bring good news or whether it will be even worse than 2022. While making predictions for the short and long term is common, Bitcoin’s performance in 2022 showed a wide range of unpredictability. A review of its performance might put the situation in perspective. Bitcoin’s price has decreased by about 75.92% from its peak to the present. It’s important to…

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