• Bitcoin dominance is on the rise as other altcoins such as ADA, DOGE, SOL and SHIB slump by 8%.
• BTC’s market dominance has reached its highest level since June 2022 after it tapped a multi-month high of $26,000 earlier this week.
• Altcoins have declined significantly in the past 24 hours due to BTC’s price movements.

Bitcoin Dominance on the Rise

Bitcoin’s market dominance has been increasing since it touched a multi-month high of $26,000 earlier this week. This surge in BTC’s dominance has pushed several large-cap alts such as ADA, DOT, DOGE, SOL and SHIB into a deep red. Its dominance has now reached its highest levels since June 2022.

Altcoins Slump

Most altcoins have dropped significantly in the past 24 hours due to bitcoin’s price movements. After hitting $26,500 (on Bitstamp), bitcoin was unable to continue upwards and slipped all the way down to $24,000 yesterday. This decline in altcoin prices has caused BTC’s market dominance to increase even further.

BTC Retraces and Calms

After reaching an all time high of $26,500 (on Bitstamp), bitcoin has retraced slightly and settled between $24,000 and $25,000 for now. The bears finally reminded of their presence at this point and didn’t allow the asset to continue upwards anymore.

US & European Banking Issues Worsen

The US and later the European banking issues have worsened over time which led to an increase in demand for Bitcoin – causing its price to go up significantly from below $20k to above $22k then up until it reached an all time high of almost 26k$. This run was short lived however as the bears took control yet again pushing BTC back down around 24k$.

Conclusion

Overall we can conclude that although altcoins are slipping lower than ever due to Bitcoin’s market dominance rising higher than ever before – it is still uncertain whether or not this will be sustainable for any length of time given how volatile cryptocurrencies are known for being.

• DPAT is a new investment platform, allowing users to invest in African real estate and infrastructure projects.
• The protocol behind it will disperse governance and ownership, enable voting on constructions, and provide cost-saving procedures related to trading offshore assets.
• It is based on blockchain technology, ensuring safe, transparent and immutable transactions.

Introducing DPAT

Direct Property Africa Token (DPAT) is a new investment platform that enables users to invest in African real estate and infrastructure projects in cities such as Cape Town in South Africa or Accra in Ghana. With the rising investments into African states, this token could facilitate them in a simplified and secured way by providing certain tax advantages or other cost-saving procedures related to trading offshore assets.

How Does DPAT Work?

The protocol behind DPAT disperses governance and ownership among its users, allowing them to vote on the types of constructions needed for their respective cities; who performs them; where they are situated; how they are executed etcetera. This protocol also promises secure, transparent and immutable transactions with the help of blockchain technology.

Benefits of Investing via DPAT

By investing through DPAT investors can benefit from various incentives such as tax advantages or cost savings while trading offshore assets. Additionally, they can also be part of the decision making process by voting on construction projects within their respective cities – something that was not possible before thanks to traditional banking regulations.

Crypto Adoption In Africa

The reasons for crypto adoption in Africa have been attributed primarily to lack of basic financial services within countries like Nigeria as well as devaluating local currencies which have caused people to look for alternative options when it comes to investing or saving their money securely. This has resulted in an increase of interest towards digital assets within the region which has now been further encouraged with the introduction of DPAT.

Conclusion

Overall, Direct Property Africa Token (DPAT) looks like an exciting project that could bring numerous benefits both to investors looking for lucrative opportunities as well as countries located on the continent looking for funding towards executing their building projects quickly and securely while also providing people with a chance at being part of the decision making process within their cities!

• TRON has partnered with Oraichain to enable AI integration and HackaTRON collaboration.
• This partnership will provide education, incubation, and technical integrations to developers.
• The goal of this collaboration is to expand the use cases of smart contracts and foster a community of developers passionate about blockchain and AI technology.

TRON Partners with Oraichain

TRON has taken a major step towards combining artificial intelligence (AI) with blockchain technology by partnering with Oraichain – the world’s first AI-powered oracle and ecosystem for blockchains. This partnership solidifies the future of decentralized AI by providing educational resources, incubation opportunities, and technical integrations to developers.

Goal of Partnership

The goal of this partnership is to expand smart contract functionality, innovate new use cases, and foster a community of developers who are passionate about the potentials of blockchain and AI technologies. With education resources provided by TRON and Oraichain, developers can learn more about integrating these technologies into their projects.

Revolutionizing Blockchain Industry

The integration of AI into blockchain technology is expected to revolutionize the industry as a whole. With the help from TRON and Oraichain, developers can build innovative solutions that utilize artificial intelligence in order to drive market adoption further.

HackaTRON Collaboration

The TRON-Oraichain partnership also marks a significant milestone in the development of blockchain technology through their ‘HackaTRON’ collaboration which will see both parties work together towards creating advanced solutions that leverage artificial intelligence capabilities.

Conclusion

In conclusion, this collaboration between TRON and Oraichain seeks to revolutionize how we utilize blockchain technology by integrating it with artificial intelligence capabilities – enabling us to create innovative solutions that could benefit society as a whole.

• Spotify is testing a new service called „token-enabled playlists“ that allows NFT holders to access curated music.
• It is currently in the pilot phase, available to Android users from the U.S., UK, Germany, Australia, and New Zealand.
• The testing period consists of three months, during which the curated playlists will be actively updated and can only be accessed by community members with a unique link.

Spotify Tests Token-Enabled Playlists

Spotify has announced a pilot project for token-enabled playlists that can be used by Non Fungible Token (NFT) holders in order to access curated music. This service is available exclusively to Android users from United States, United Kingdom, Germany, Australia and New Zealand.

Partnership with Web3 Gaming Ecosystem Overlord

The new service was designed in partnership with the Web3 gaming ecosystem Overlord and involves a token-enabled community-curated playlist that can be accessed via Web3 wallets of those who hold Creepz NFTS on Spotify. Other communities like Fluf, Moonbirds and Kingship are also included in this project as well. Universal Music Group’s NFT band Kingship revealed creating their own token-gated playlist for NFT holders featuring Queen, Missy Eliott, Snoop Dogg and Led Zeppelin.

Testing Period

The testing period of this project consists of three months during which the curated playlists will be actively updated and it can only be accessed by community members with the help of a unique link provided by Spotify.

User Growth Despite Losses

At the end of 2022 Spotify ended with better than expected user growth despite widening quarterly losses caused due to pandemic related costs such as free trial subscriptions it offered last year to boost usage while lockdown restrictions were in place across many countries around the world.

Conclusion

In conclusion we can say that Spotify’s new token enabled playlist feature is an innovative concept which could revolutionize how people listen to music online if it gets implemented permanently after successful completion of its trial period

• Judge Lewis Kaplan stated that there is probable cause to believe that Sam Bankman-Fried (SBF) has engaged in attempts to commit a federal felony while out on bail.
• Prosecutors requested that Judge Kaplan significantly restrict Bankman-Fried’s access to computers and other devices, arguing he had found loopholes such as VPNs allowing him to circumvent his bail conditions.
• SBF’s attorney, Mark Cohen, acknowledged the need for closer supervision but asked for leniency nonetheless, according to CNN.

Judge Suggests Possibility of Bail Reversal

Judge Lewis Kaplan recently suggested the possibility of reversing SBF’s bail following discussions regarding additional bail conditions due to contact with current and former FTX personnel.

Probable Cause for Witness Tampering

The judge indicated that there was probable cause to believe that SBF had attempted witness tampering or at least an attempt thereof. This arose due to the long-winded rant on substack outlining SBF’s view of the collapse of FTX, as well as attempts made by him to contact the current CEO of the failed exchange and former employees in order to „help sort things out“.

Defense Asks For Leniency

In response, SBF’s attorney acknowledged the need for closer supervision but ask for leniency nonetheless. He argued that SBF’s input into resolving cryptocurrency issues could be valuable if monitored closely enough.

Judge Hints At Bail Reversal

Judge Kaplan seemed open to this suggestion and hinted at a potential reversal of bail conditions should adequate monitoring be put in place.

Conclusion

Ultimately, it remains unclear how this situation will end up being resolved but it appears as though a decision will likely come soon given how much attention it has received from both sides of the courtroom.

• Kraken 24-hour trading volume is up 14% despite SEC investigation and termination of staking services.
• According to CoinMarketCap and CoinGecko, Kraken’s 24h trading volume stands at around $757 million.
• The exchange has not reported any wave of withdrawal requests, suggesting that users remain unfazed by the dispute with the American regulator.

Kraken’s Trading Volume Rises Despite SEC Troubles

Kraken’s generated trading volume for the past 24 hours increased by almost 15%, according to data from CoinMarketCap and CoinGecko, despite a recent investigation by the US Securities and Exchange Commission (SEC). Based on various factors such as average liquidity, volume, and web traffic, Kraken has a score of 7.4 out of 10 from CMC – making it the third most trusted crypto platform after Binance (9.9) and Coinbase (7.8).

SEC Investigation

The SEC recently investigated Kraken over possible violation of rules when offering securities as staking services to US consumers. In response, the company terminated all its staking services and paid $30 million in disgorgement, prejudgment interest, and civil penalties. However, there have been no reports of any wave of withdrawal requests from customers so far – suggesting that users remain undeterred by this dispute with the American regulator.

Binance & Coinbase Compared

Binance is widely considered as one of the most reliable platforms for cryptocurrency investors due to its high scores in liquidity, volume, and website traffic. Meanwhile Coinbase also ranks highly in terms of trustworthiness but falls short compared to Binance with a score of 7.8 out 10 from CMC.

Gary Gensler’s Urging

Gary Gensler – Chairman of the SEC – recently urged all cryptocurrency entities to register with their agency in order to avoid any potential legal issues related to offering specific types of securities or staking services to US customers. Despite this warning however, Kraken’s performance appears unaffected so far judging by its surging trading volumes over the past few days.

Conclusion

To conclude; despite being investigated by the SEC over potential violations when offering specific types of securities or staking services in America – Kraken’s 24-hour trading volumes have increased significantly over this period indicating that its performance remains unaffected so far at least judging by customer sentiment towards it remaining unchanged thus far

•Strike has partnered with Fiserv to integrate Bitcoin’s lightning network with Clover, a point-of-sale terminal provider.
•This integration allows certain Clover merchants to accept lightning payments, expanding Bitcoin’s use case as a medium of exchange.
•Strike’s service converts Bitcoin payments into a merchant’s currency of choice on the back end, letting merchants accept different forms of payment.

Bitcoin payment and wallet provider Strike recently partnered with fintech giant Fiserv to integrate Bitcoin’s lightning network with the point-of-sale terminal provider, Clover. This groundbreaking partnership is sure to expand Bitcoin’s use case as a medium of exchange and provide merchants with more payment options.

Strike’s integration with Clover effectively allows merchants to accept „cash-final“ USD payments over the lightning network. This means that merchants can accept lightning payments, which are faster and cheaper than traditional payments, and have them immediately converted into the currency of their choice. This makes it easy for merchants to accept lightning payments without having to worry about the volatility of cryptocurrencies.

The integration also makes it easier for merchants to accept different forms of payment. Instead of having to manually accept each type of payment, merchants can now accept lightning payments through their Clover terminal. This makes the checkout process smoother and easier for both the merchant and the customer.

Overall, Strike’s integration with Clover is a big win for both Bitcoin and merchants. Not only does it make it easier for merchants to accept payments, but it also provides them with a new way to accept payments that is faster and cheaper than traditional payment methods. This is sure to benefit both merchants and customers alike and make it easier for merchants to grow their business.

• Scammers have created a fake FTX token, dubbed FTX 2.0, to impersonate the now-bankrupt crypto exchange less than 24 hours after the company’s new CEO announced that the platform could be revived.
• According to blockchain security firm PeckShield, the bad actors sent the tokens to the FTX exchange, pretending to add liquidity before airdropping them to other crypto exchanges.
• The aim is to lure users into clicking fraudulent links that drain or burn their account balances.

Cryptocurrency exchanges have been the target of fraudsters for a long time, and the latest attempt to dupe users is no different. Within 24 hours of the announcement that the now-bankrupt crypto exchange FTX could be revived, scammers have created a fake FTX token, dubbed FTX 2.0, to impersonate the platform.

According to blockchain security firm PeckShield, the bad actors sent the tokens to the FTX exchange, pretending to add liquidity before airdropping them to other crypto exchanges. This has been done as a way to lure users into clicking fraudulent links that promise rewards but end up draining or burning their account balances.

The fake FTX 2.0 token has been designed to look similar to the original token, making it difficult for users to differentiate between the two. The scammers have also included back door functions in the token’s smart contract, which can be used to manipulate user balances.

Crypto exchanges have warned users to be vigilant when dealing with any cryptocurrency-related service. Users are advised to thoroughly research the token and its associated smart contract before investing, and to only use credible sources for their information.

Despite these warnings, it appears that some users have already fallen victim to the scam. PeckShield estimates that the fraudsters have managed to steal over $20,000 worth of cryptocurrency from unsuspecting users.

In response to the scam, the FTX team has released a statement urging users to stay vigilant and to report any suspicious activities. The team has also promised to reimburse users who have been affected by the scam.

The incident is yet another reminder of the need for all crypto users to be extra vigilant, especially when dealing with unknown or untrusted sources. As the industry continues to grow, so too will the number of scams and fraudsters looking to take advantage of unsuspecting users.

• Bitcoin skyrocketed by double digits, reaching a two-month high of over $21,000.
• This impressive rally resulted in the liquidation of over $650 million in total positions, with almost $600 million of that being short positions.
• The start of the year has been quite favorable for the cryptocurrency market, with Bitcoin standing around $16,500 on January 1.

The cryptocurrency market has seen great success so far this year, with Bitcoin reaching a two-month high of over $21,000 in one of its most impressive rallies in about a year. This surge in Bitcoin’s value has resulted in the liquidation of over $650 million in total positions, with almost $600 million of that being short positions.

The cryptocurrency market was relatively quiet in the first few days of the year, with Bitcoin standing around $16,500 on January 1. It then began to slowly add value, breaking above $17,000 earlier this week. However, the real surge in Bitcoin’s value came in the following days, as it kept breaking into forgotten ground and eventually reached the $20,000 mark.

The success of Bitcoin has had a knock-on effect on other alternative coins, with many of them also seeing increased value. This resulted in the liquidation of over $650 million in total positions, the majority of which were from short positions.

This impressive rally in Bitcoin’s value has been welcomed by traders and investors alike, as it has provided a much-needed boost to the cryptocurrency market. The start of the year has been quite favorable for the cryptocurrency market, with Bitcoin reaching heights that have not been seen for some time. It will be interesting to see if this surge in value will continue in the coming weeks and months.

• According to Arcane Research, the crypto market is stabilizing in 2022 after a hectic year.
• Bitcoin’s 7-day volatility has reached lows not seen since February 2019.
• DCG’s next steps may further intensify downward price action, potentially leading to a ‚market bottom event‘ in 2023.

In the past year, the cryptocurrency market saw some of its wildest swings in history, leaving investors reeling from the rapid changes in fortune. However, according to the latest edition of Arcane Research, the entire market appears to be stabilizing even though there’s still some uncertainty left. All eyes are on DCG’s next steps, which can further intensify downward price action and may shape to be a ‚market bottom event‘ in 2023.

Bitcoin’s current price action was defined as ’stale‘ as its volatility slumbered toward rare lows. Data suggested that the largest coin’s 7-day volatility reached lows not seen for two and half years as it plunged to 0.7%. The current numbers were only visited once since February 2019 – during the stagnant markets of July 2020. Meanwhile, the dollar’s volatility has fallen to its lowest levels since the start of the coronavirus pandemic.

As such, investors have begun to focus on accumulating more coins and building their exposure. This is likely to be the theme of 2022 as the market continues to stabilize and more investors join the cryptocurrency space. The increasing institutional interest will also help bolster the market and provide a stronger foundation for the asset class.

At the same time, DCG’s next steps will also be crucial in determining the direction of the market. The firm has a lot of influence in the industry and any move it makes can have a significant impact on the markets. If DCG decides to invest in a certain coin or project, it could lead to an influx of capital and push prices higher. However, if the firm takes a conservative approach, it could lead to further price drops and may even lead to a ‚market bottom event‘ in 2023.

Overall, the cryptocurrency market is entering a new phase that will be focused on accumulation and building exposure. The next few months will be important for the industry as DCG’s moves will be the key factor in determining the direction of the market. If all goes well, the market may finally reach the bottom and start a new bull run in 2023.