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Join Our Telegram channel to stay up to date on breaking news coverage Nonfungible Tokens, or NFTs, featuring cartoon images of idle monkeys, were lauded by Madonna. Tom Brady, the quarterback for the Tampa Bay Buccaneers, was featured in advertisements for the cryptocurrency exchange FTX, which abruptly shut down in November. Kim Kardashian also praised on Instagram about EMAX tokens. Now, they and other famous people are being investigated by regulators for allegedly defrauding the investing public, as well as civil lawsuits from investors who experienced losses on virtual assets. The legal actions, which have led some agents to advise their clients against financial endorsements, may clarify the guidelines for crypto currency marketing and the requirements investors must meet in order to hold promoters accountable when investments don’t work out. Tibor Nagy Jr., an attorney who represents both plaintiffs and defendants in the crypto currency field, asserted that “marketing

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Schwarzenbach, Switzerland, 31st January, 2023, Chainwire Veax Labs is excited to announce that it has officially launched the public testnet for its advanced NEAR Protocol based decentralized exchange (DEX). The platform, which seamlessly bridges features commonly found in the traditional finance (TradFi) market with decentralized infrastructure, hopes to bring a fresh value proposition to the DEX market. The Veax platform offers a wide range of Features including advanced liquidity management, adaptable exchange pools, true margin and derivatives trading, a seamless orderbook UX and more. The company recently published an in-depth article covering its unique concentrated liquidity offering which enables an increase in capital efficiency, leading to capital optimization for liquidity providers that maximizes returns o

Bitcoin miners have been under duress for more than a year and even with BTC price trading at $24,000, BTC mining stocks could still face challenges throughout 2023. Bitcoin mining stocks usually follow BTC’s price because it directly influences the company's earnings. These stocks were beaten down heavily in the last quarter of 2022, especially in the month of December. The downturn after FTX's collapse worsened with the bankruptcy filings of the largest U.S.-based Bitcoin mining company, Core Scientific. During this time, other mining stocks, like Marathon Digital Holdings (MARA) in the chart below, exhibited a weak correlation with Bitcoin’s price, suggesting that December’s downturn was probably overblown. MARA/USD price chart with MARA-BTC Correlation Coefficient index. Source: TradingView The negative trend reversed at the start of 2023 as most mining stocks posted impressive gains. The Hashrate Index mining stock index, which tracks the average price of publicly listed

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Maintains Its Upward Trend as It Rebounds To Reach $23.9K – January 30, 2023 The largest cryptocurrency is close to attaining another high as it rebounds to reach $23.9K. At its most recent high, Bitcoin has been repelled twice. On January 25, the price of one Bitcoin rose to $23,812. In a similar vein, Bitcoin hit a new high of $23,962 on January 29. The cryptocurrency is currently in a minor retracement as it keeps going up in price. Bitcoin Price Statistics Data: •Bitcoin price now – $23,727.63 •Bitcoin market cap – $457,420,355,895 •Bitcoin circulating supply – 19,276,756 BTC •Bitcoin total supply – $498,314,956,221 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin’s (BTC) price has continued to rise since it recovered on January 29. The cryptocurrency asset’s peak yesterday was $23,962. It is currently retr

Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on the grid causing breakdowns and blackouts. Energy Experts Want to Prohibit Mining Cryptocurrency in Russian Homes The Energy Committee of the State Council, an advisory body to the Russian president, has recommended imposing a ban on the minting of digital currencies in residential areas. Its members believe the measure will reduce fire hazards, local media reported. The idea is to completely prohibit the production of cryptocurrencies in apartment blocks and houses in the country, or at least in parts of Russia experiencing energy deficits. Among them are Moscow and the Moscow Oblast, the region adjacent to the Russian capital. The crypto-related activity, which is a source of additional income for many ordinary Russians, especially in

Rumors are circling that PulseChain Testnet V3 is all set to be launched sometime in February 2023. Hex founder Richard Heart confirmed in a recent interview with influencer Mati Allin that the “software development on PulseChain is going really great” . During a recent Q&A session, a user asked Heart if he can give out a “ price expectation for PLS?” Heart revealed that he does not provide price predictions but eventually went ahead stating what could happen after launch. Heart previously predicted that Hex could do a 10,000x, and his prediction turned out to be accurate. Also Read: How Long Will Shiba Inu Take To Reach $0.01? Let’s Do the Math The cryptocurrency tycoon now forecasts that PulseChain could do a 14,000x, similar to how Ethereum did a 14,000x in the indices. “I don’t make price predictions but I will tell you what could be possible,” said Heart and continued, “When I said that Hex was designed to do a 10,000x when it was invented, it was because I thoug

The world-wide demand for data processing is increasing year-on-year, with data processing applications requiring ever increasing performance from data processing devices and services. Industries, such as Artificial Intelligence (AI), video rendering, powering blockchain computations, scientific simulations and research, financial modeling and Analysis , weather Analysis , medical imaging and healthcare and autonomous vehicles are all increasing their demands to collect, store, analyze, manipulate and extract data, delivering real-time results. There is a need to make sense of the vast amounts of data being generated through the increasing use of data-driven technologies and services. The higher the performance of a device combined with the greater the number of devices undertaking the task, the quicker the result or outcome is provided. As real-time systems demand immediate results, the performance of data processing becomes critical to the delivery of the service. Centralized data

Join Our Telegram channel to stay up to date on breaking news coverage Cardano has followed the overall positive feeling as the bullish surge on the cryptocurrency market enters its third week, and investors are keen to see whether there is potential for additional optimism for the cryptocurrency that is now ranked eighth biggest by market capitalization.   Cardano’s price has risen by 3% since last week and at the time of writing this article, ADA stands at $0.36 in line with the general trend of the cryptocurrency market. As the market anticipates a new Cardano upgrade that will boost the capability of its smart contract programming language, ADA has surged just over 45% since last month. Cardano’s blockchain joins the ranks of the most advanced layer-one networks in the cryptocurrency industry. Since Cardano has not yet secured a sizable portion of the overall value of this ecosystem, there is a high possibility of Cardano hitting the $10 price point. What Makes Cardano Un