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Ethereum was once again trading above $1,700 to start the weekend, as cryptocurrencies rebounded from Friday’s decline. The global crypto market cap rallied in today’s session, as bulls moved to buy yesterday’s dip. Bitcoin was also back in the green, with prices nearing the $25,000 mark. Bitcoin Bitcoin (BTC) moved toward the $25,000 mark on Saturday, as crypto markets rebounded from yesterday’s declines. Following a low of $23,712.05 on Friday, BTC/USD raced to an intraday high of $24,924.04 earlier in the day. As a result of this move, bitcoin once again broke out of its long-term resistance level at the $24,200 point. Bitcoin chart by TradingView In addition to this, the 14-day relative strength index (RSI) also moved back above its own resistance level at 65.00, after tracking near the 61.00 mark on Friday. As of writing this, price strength is currently at a reading of 65.29, with a ceiling at 70.00 a possible target for bulls. The 10-day (...

Japanese gaming company Square Enix has announced that it will be using Polygon, an Ethereum sidechain, as a base for Symbiogenesis, its upcoming Web3 experience. Naoyuki Tamate, producer of the game, cited the high transaction speeds and low transaction gas costs as the reasons for making this change in the game’s design. Square Enix to Harness Polygon for Symbiogenesis’ Blockchain Operations Square Enix, a Japanese game-developing company, has given an update regarding the development of Symbiogenesis, its upcoming Web3-based experience announced in November. The company revealed it would use Polygon, an EVM-compatible sidechain, to support part of the blockchain component of the game. The game, which will feature several art non-fungible tokens (NFTs) as part of its story, revolves around the realization of missions and collecting resources in a land called the floating continent. Regarding the utilization of Polygon’s network in the game, Symbiogenesis producer ...

Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit the Chapter 11 bankruptcy process, and the new owners could begin distributing funds as early as June, said the company’s attorney Ross Kwasteniet. Celsius Says Novawulf Deal to Provide Path Forward for Celsius Creditors and Illiquid Assets Crypto lender Celsius, which filed for bankruptcy in July 2022, has announced that it will be acquired by Novawulf Digital Management. The company was selected out of more than 130 bids, and Celsius has described the proposed acquisition as a “value-maximizing conclusion.” Celsius’ committee of unsecured creditors also tweeted about the deal on Wednesday, stating that the reorganization plan will distribute “liquid crypto to all...

Join Our Telegram channel to stay up to date on breaking news coverage Cilinix Crypto reviewed a comprehensive platform that meets every individual’s fitness goal Fight Out and its native token FGHT. Fight Out is generally a Move-to-Earn platform that provides users rewards for working out, whether they do it at a traditional gym or at home. Cilinix Crypto – Fight Out Enhances Move-to-Earn Fight Out would like to make fitness more like a game so that people can see their workouts in a new way and find them more fun. The user will get extra rewards for accomplishing the workouts and challenges to reaching their goals. The Fight Out project’s main goal is to use tokenized rewards to motivate users to complete workouts and improve their fitness. The team has uncovered a variety of difficulties with the fitness industry, such as high gym membership costs, a lack of social connection, and poorly structured training regimens. The initiative wants to address these ...

DBS, the largest bank in Southeast Asia, has unveiled its plan to expand its crypto services in Hong Kong. “We are planning to apply for a license in Hong Kong so that the bank could sell digital assets to our Hong Kong customers,” said an executive of the bank. DBS Bank to Apply for Digital Asset License in Hong Kong DBS Group Holdings has unveiled its plan to expand its services in Hong Kong. The Straits Times reported Monday that the bank plans to apply for a license to offer crypto trading services to Hong Kong customers. Headquartered and listed in Singapore, DBS is the largest bank in Southeast Asia with a presence in 18 markets. Sebastian Paredes, CEO of DBS Bank (Hong Kong), said at a briefing on Monday: We are planning to apply for a license in Hong Kong so that the bank could sell digital assets to our Hong Kong customers. The executive stated that once the regulations around crypto assets in Hong Kong are clear and the bank “understands exactly the fram...

Join Our Telegram channel to stay up to date on breaking news coverage Following the hype around openAI’s ChatGPT, AI cryptocurrencies have become a popular investment as the latest blockchain subculture to take the spotlight. Investors are now flocking to invest in AI cryptos, not just for profit but also to tap into this new era of industrialization. With this trend, ChatGPT’s founder believes AI will power economic development. AI to Power “Economic Empowerment”, Says ChatGPT Founder Read more: https://t.co/gyppifrlR2 Bitcoin NFT Cardano Crypto News Ethereum Solana Dinko pic.twitter.com/iRZRG7h31X — Token 10X: Coin listing | Crypto news | Reviews (@token10x) February 14, 2023 The excitement around ChatGPT came as the artificial intelligence (AI) tool delivered a wide range of use cases, making it a market with limitless possibilities. Among its many offerings, the tool allowed coders to identify errors in their work. Writers could also dis...

Dr. Adam Back. Source: video screenshot/YouTube The market capitalization of Bitcoin (BTC) could reach as much as $200 trillion over the next nine years, if the legendary bitcoiner Adam Back is to be believed. “Early this year I was curious of the claim ‘bitcoin 2x's per year on average’,” the early Bitcoin user and founder of Bitcoin development firm Blockstream wrote in a Twitter thread posted this weekend. He went on to say that the claim “checks,” and that BTC in fact has risen by 2.036 times per year on average between January 2013 and December 2022. If the trend continues, the price for each bitcoin will reach $10 million by the end of the next two halvings, while the asset’s total market cap will reach a massive $200 trillion, Back wrote. Bitcoin halving occur roughly every four years, with the reward paid out to miners being cut in half. The halvings have historically been catalysts for major bull markets in the coin,...