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Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Abu Dhabi, Abu Dhabi, 13th February, 2023, Chainwire Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases. DAO Maker will actively assist in the development of the Venom ecosystem and contribute to the success of projects within the Web3 space. With DAO Maker’s support, Venom is confident that it will enable developers to make valuable contributions to the ecosystem and accelerate the growth of its community. Venom Foundation and DAO Maker will actively incubate new projects through the Venom Launchpad. The Venom Launchpad will give promising Web3 projects and developer teams a uniqu...

Meta Masters Guild is making headlines around the world. The ongoing presale hit a staggering $3.57m in a fund raising round sending shockwaves through GameFi. With strong traction in Web3 markets the presale has almost stage 6. The penultimate presale round sees network native MEMAG token flying off the shelves at $0.021 per MEMAG. The price is set to rise to $0.023 by the final stage 7. This marks a 228.6% increase from the initial presale stage. The huge funding round has been allocated a total of 350 million MEMAG - 35% of the total capped supply of 1 billion. Investors can participate in the presale by visiting the Meta Masters Guild website and connecting their Wallet Connect or MetaMask wallet, then purchasing MEMAG with either ETH or USDT. Could $MEMAG and GameFi be next big narrative in crypto? After an altcoin February that has seen capital surge into AI assets such as Fetch AI. Wise investors are looking for the next explosive narrative in the crypto spac...

The Fight Out presale continues to see investment secured at a rapid pace with more than $3.6 million raised for the new move-to-earn project. Almost $150,000 of FGHT was bought over the weekend with crypto buyers excited by how the M2E project is set to disrupt the fitness space and also its plans to build real gyms. Investors are also buying sooner rather than later to take advantage of the lowest prices and up to 50% extra in bonus tokens. The price of FGHT rises every 12 hours to a maximum of $0.0333 on March 31, 2023, when the presale ends. That means those who invest at the time of writing will hold an asset that has appreciated by more than 80% before its IEO. Investors earn bonus tokens depending on the size of their purchase and the length of time they choose to vest their tokens. For example, at the time of writing, an investor who purchases $499 of FGHT and chooses the minimum vesting period of three months will return 27,149 tokens. One who purchases $50...

January has been a kind month to the crypto market, with Bitcoin and Ethereum seeing substantial gains while many altcoins continue to bounce hard from 2022 lows. Bitcoin recently rose to a January peak of $23,501 before rebounding slightly to its present value at $23,180 as of writing. This represents an increase of 0.53% on the day and more than 9.55% over the past week. Ethereum has also seen gains, currently trading at $1,614, up 3.5% for the day and 6.5% for the week. The industry's two largest cryptocurrencies by market capitalization have also seen a cumulative trading volume of more than $56 billion in the past 24 hours, surpassing the $53 billion posted by stablecoin Tether. Many in the market are wondering if this is the start of a larger bull run or if another correction is on the horizon. The overall crypto market capitalization is currently holding steady above $1 trillion after reclaiming the level on January 20. However, it's still ways away f...

Genesis is one of the largest companies in the Bitcoin and crypto space, and has this morning announced that they are to be entering into a chapter 11 bankruptcy filing, after many of the loans that they issued to various parties in the crypto space soured.  Many in the cryptocurrency space are lamenting the degree to which figures that love criminality and taking huge risk have been plaguing the cryptocurrency space over the course of 2022, and  The collapse is already priced in  One of the main reasons why the price hasn't responded significantly to the news is the fact that the market has already priced it in.  After the collapse of FTX, it became obvious to investors that there would be a further series of collateral damage rippling across the industry, and the market prepared for this.  In a worst case scenario, DCG could choose to unwind some of the Greyscale Trust's assets in order to reimburse some of their creditors, which would incu...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. With over $2.9 million already raised in its presale, investors are desperate to know how far the Fight Out crypto can go in the next bull market and beyond. In this article, we will dive deeply into the Fight Out price potential, how value is derived from the project and why we are so excited about it. This is your all-in-one Fight Out price prediction.  Let's begin! Fight Out Price Prediction - Summarized In case you are in a rush, here is a quick-fire version of the Fight Out coin's predicted prices. Year Possible Low Possible High End of 2023 $0.05 $0.08 End of 2025 $0.24 $0.32 End of 2030 $0.50 $0.60 Check Out Fight Out Presale Now Fight Out Price History Fight Out erupted into the mainstream crypto news in late 2022. Its innovative approach to solving pressing fitness industry issues using blockchain technolo...

Solana, once touted as the "Ethereum killer," is up 5.84% so far today after a huge rally that has driven the price up 25.67% in the past week. Solana's price is at $16.56, is it climbs the ranks, and it's now up by almost 70% since the end of the 2022 trading year. The dramatic upsurge in SOL's value can likely be attributed to two things: strong backing from Ethereum founder Vitalik Buterin, and higher participation in the Solana blockchain since the BONK token was released. Solana (SOL) Price Prediction and Technical Analysis Presently, Solana's 20-day EMA stands at $13.6650, which implies that it is on an uptrend in the short term. Meanwhile, its respective 50-day EMA and 100-day EMA are both comfortably positioned respectively at $14.5185 and $19.1219 suggesting stability in the medium to long-term outlooks. Solana has been trading sideways for the past four days as the price consolidates while waiting for the 20-day and 50-day EMAs ...

Source: AdobeStock / Rafael Henrique Bankrupt crypto exchange FTX has recovered over $5 billion in cash and liquid assets that may be used to repay creditors, a lawyer of the platform has said during a bankruptcy court hearing. On Wednesday, FTX attorney Andrew G. Dietderich said in federal court in Wilmington, Delaware that they have also recovered a large amount of illiquid crypto assets and other “nonstrategic investments” made by FTX that have a book value of $4.6 billion, the Washington Post reported.  Furthemore, the lawyers have identified more than 9 million customer accounts, far more than earlier estimates of around 1 million. Dietderich noted that it is “not yet clear” how large the settlement fund for FTX creditors will be. He added: “We know all this has left a shortfall in the value to repay customers and creditors. The amount of the shortfall is not yet clear. It will depend on the size of the claims pool and our...

Source: AdobeStock / 24K-Production Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Exchange news Coinbase will be closing down most of its operations in Japan as part of its efforts to survive the crypto winter, Bloomberg reported. The vice president for business development Nana Murugesan said in an interview: “We’ve decided to wind down the majority of our operations in Japan, which led to eliminating most of the roles in our Japan entity.” Huobi clarified that it has no relationship with Huobi Korea . The statement said that “in response to media reports related to Huobi Korea's share change, Huobi responded that Huobi Korea is not a subsidiary of Huobi, and its shares belong to the former Huobi Global's shareholders and have no relationship with Huobi. […] Huobi has no relationship with Huobi Korea and is...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com D2T, the crypto token for the Dash 2 Trade ecosystem, has hit yet another milestone as it nears its final total of $15,421,600 before making its public debut on exchanges tomorrow, Wednesday, January 11th. $15 Million Hit, Exchange Listings Next On Tuesday, the Dash 2 Trade ecosystem developers confirmed that the platform’s native D2T token had crossed the $15 million threshold for capital raise. The digital asset, launched on presale late in 2022, has been one of the best-performing new coins in the market over the past few months. Now that it has hit its presale target, D2T is set for the next phase.  Thanks to their foresight, the Dash 2 Trade developers already lined up exchange listings for their new coin. The asset is set to hit BitMart, Gate.io, LBank, Gate.io, and Uniswap tomorrow, Wednesday, January 11th,...

Source: TradingView The BONK price has declined by 50% in the 24 hours, with the new Solana-based meme token falling to $0.00000182 after enjoying a surge in previous days. Despite the plunge, it remains up by around 2,000% since first listing at the end of December, making it easily the best-performing coin in the top 250 cryptocurrencies (by market cap). However, the fact that it remains 2,000% up its initial price suggests that it could still fall further in the coming hours and days. And while some traders may be wondering whether now is the perfect time to 'buy the dip,' the fact that it's a meme token with little real-world utility arguably makes sustained, long-term rises unrealistic. Bonk Price Prediction - As the Pump Deflates Should You Consider Buying the Dip? BONK had a very good opening few days, rising from $0.000000086142 to $0.00000487 in just under week. This made for a gain of just over 5,500%, making its early holders (if not investors...