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Despite the setbacks in the cryptocurrency industry, multiple governments have been embracing assets like Bitcoin, Ethereum, and others. However, Israel disappointed the community by intending to classify digital assets as securities. Amidst this, the Tel Aviv Stock Exchange [TASE] pitched a structure that would include crypto trading activities. TASE plans to serve unbanked members through this initiative. If the plan is approved, non-banking members will serve as authorized suppliers of crypto trading and custody services. The “omnibus account” will serve as a middleman for any digital asset trading transactions involving customer funds. According to TASE, the planned structure will allow clients to deposit fiat money intended for investments in digital assets. Clients will also be permitted to withdraw funds from the sale of crypto assets. Currently, the draft proposal for this expansion has been made available to the public. TASE is seeking public comments ...

Neal Stephenson, ostensibly the first to coin the term “metaverse,” issued his opinion about the future of the adoption of virtual worlds. The sci-fi writer and co-founder of Lamina1, a blockchain metaverse company, believes that building experiences that millions of people consider worth having in virtual worlds is quite difficult, hampering the adoption process of the tech. Neal Stephenson on the Future of Metaverse Adoption Neal Stephenson, believed to be the creator of the general concept and term “metaverse” — popularized recently by Meta — believes that mainstream adoption of this tech might be very far away. The writer, who coined the term as part of his novel Snow Crash, published in 1992, stated that the growth of the metaverse will depend on the quality of the experiences offered in the virtual world. As part of an interview offered to the Financial Times, Stephenson stated: There won’t be a metaverse that is used by millions of people until it con...

Join Our Telegram channel to stay up to date on breaking news coverage STPT has fallen in price massively in the last 24 hours, having suffered a daily price drop of 13.59%. The DAO token is currently trading at $0.04 with a live trading volume of $59 million. The token has a circulating supply of 1.8 billion and the maximum supply of 1.9 billion. Standard Tokenization Protocol is a blockchain designed to optimize DAOs. The token rose 25% last week, and the current retrace has the crypto community questioning whether it is a good time to invest in this cryptocurrency. Here is our Analysis of this crypto. Will the STPT Price Hit $0.1? While the current price retraces is quite large, which was shortly after a 25% pump. These put the general market sentiment about this cryptocurrency in the neutral sector. The Fear and Greed index for this crypto is currently resting at 50 – which makes now a good time to invest in this crypto. And when it comes to its social indicators,...

Developers face tradeoffs between making bridges upgradeable to fix bugs versus making them decentralized. Over $2.5 billion was stolen in cross-chain crypto bridge hacks from 2021 to 2022, according to a report by Token Terminal. But, despite several attempts by developers to improve bridge security, a debate from December 2022 to January 2023 on the Uniswap DAO forums has laid bare security weaknesses that continue to exist in blockchain bridges. In the past, bridges like Ronin and Horizon used multisig wallets to ensure that only bridge validators could authorize withdrawals. For example, Ronin required five out of nine signatures to withdraw, whereas Horizon required two out of five. But attackers figured out how to circumvent these systems and withdrew millions of dollars worth of crypto, leaving users of these bridges with unbacked tokens. After these multisig bridges were hacked, developers started turning to more sophisticated protocols like Celer, LayerZero and Wormhole, whic...

Reviewing Bitcoin data from the 2019 bull market offers valuable insights on BTC’s current support levels and upside price targets. Bitcoin’s (BTC) recent price rally from $16,500 to $25,000 can be attributed to a short squeeze in the futures market and recent macroeconomic improvements. However, while prices increased, data suggests that many interested buyers (including whales) were left on the sidelines.  The recent rally to $25,000 shared many similarities with the 2019 bear market rally , which saw a 330% surge in Bitcoin’s price to highs around $14,000 from the November 2019 low at $3,250. Recently, the BTC/USD pair rose 60% from its November 2022 low. On-chain and market indicators relative to the 2019 rally are sending mixed signals on whether or not Bitcoin's rally will continue. Nevertheless, there are strong reasons to believe that the market has reached a crucial turning point where it can either turn into a full-fledged bull market or slump back into a long-term be...

The Bitcoin commentator and fund manager reveals why 2023 is just the start of a "new regime" for BTC price action and institutional involvement. Bitcoin (BTC) stands at the start of a "new regime" after its early 2023 price gains, and next year will prove pivotal. That is the opinion of Charles Edwards, founder of quantitative Bitcoin and digital asset fund, Capriole Investments. As investment behavior around Bitcoin recovers in line with network fundamentals and price action, Edwards, perhaps like many other institutional professionals, is gearing up for an explosive period of growth. The jury may still be out on whether the bottom is in for BTC price, but for long-term investors, the time to allocate is just beginning, he argues. In an extensive interview with Cointelegraph, Edwards reflects on the prospects for Bitcoin and the crypto industry in the coming years and whether the 2023 rebound really has legs. Looking ahead, next year's block subsidy halving w...

Zilliqa’s coin, ZIL, has been on a steady rally along with the broader crypto market. After a little dip in the last few days, the crypto market rebounded with a 2.21% increase in the last 24 hours, and ZIL was not left out, as the digital asset kept up its uptrend with a 26.8% increase over the past 30 days. Zilliqa is an open-source, permissionless blockchain capable of processing thousands of transactions per second. The project claims to be the world’s first public blockchain based on a sharded network and aims to address the issues of blockchain scalability and speed-sharding issues. Each shard processes transactions independently, and as the network and the number of shards grow, so does the number of transactions processed per second. Moreover, entries are processed and added to the Zilliqa blockchain in real-time, meaning no additional confirmation period is required. Buy ZIL at Low Price for Long Term Gain The general crypto market has recovered from a brief dip...

Join Our Telegram channel to stay up to date on breaking news coverage With the recovery of crypto prices in the crypto industry of 2023, it is likely that investors will start returning to the crypto world and that adoption will continue at full speed. This seems like a perfect timing for Mastercard’s new partnership with Immersive, a popular Web3 payment protocol. ⚡️ @Mastercard partners with @Immersve to allow # crypto payment s in #Web3 via $USDC#Mastercard has announced the partnership with Web3 payment protocol #Immersve to allow # crypto currency transactions on outlets accepting Mastercard payment s online. pic.twitter.com/XPsunlnqeH — Crypto News Whales (@news_whales) February 22, 2023 The partnership will allow users to make crypto payments in physical, digital, or even metaverse world, using USD Coin (USDC). After the user makes a transaction in USDC — the second-largest stablecoin of the crypto industry — the Circle-issu...

Alexis Ohanian is extremely bullish on cryptocurrency, even using the proceeds from his early Ether investment to found a crypto-focused venture capitalist firm. The co- found er of the social media website Reddit, Alexis Ohanian, reportedly bought 50,000 Ether (ETH) for just $15,000 during the cryptocurrency’s presale in 2014, a cost of just 30 cents per coin. Ohanian, who left the social media giant in 2020, told Forbes in a Feb. 21 article that he found the idea of a decentralized store of value to be very attractive partly due to his Armenian heritage, prompting him to take an early gamble on Ethereum. “Any group of people who have in their consciousness, or in their collective history, some idea of persecution, especially by a state, makes the idea of a store of value that is not controlled by any single state very attractive. And so, in some ways it was hardwired in me then, and made me in a way receptive to the idea of a decentralized currency.” At current prices, this investm...

Join Our Telegram channel to stay up to date on breaking news coverage The Cronos price prediction manages to maintain its position as the coin crosses above the upper boundary of the channel. Cronos Prediction Statistics Data: Cronos price now – $0.089 Cronos market cap – $2.2 billion Cronos circulating supply – 25.2 billion Cronos total supply – 30.2 billion Cronos Coinmarketcap ranking – #31 CRO/USD Market Key Levels: Resistance levels: $0.100, $0.105, $0.110 Support levels: $0.075, $0.070, $0.065 CROUSD – Daily Chart CRO/USD undergoes a much-needed break to the positive side as the market opens today. The Cronos price is currently posting gains of over 7.32% within the chart, with the coin aiming to cross above the upper boundary of the channel at $0.093. Cronos Price Prediction: Cronos Could Move to the Upside The Cronos price resumes back in the middle of consolidation after a slight drop toward the 9-day and 21-day moving...