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In its latest report, crypto exchange Coinbase predicts the crypto bear market will extend for many more months. The company’s research team believes this year’s deleveraging cycle has harmed the investors' interest in altcoins. A Flight to Bitcoin and Ethereum Per the company’s report released on Wednesday, the multiple insolvencies plaguing the crypto industry have crushed investor confidence in the space. This is likely to extend the crypto winter well into 2023. “Constraints on liquidity may also disrupt normal market…

Giant consulting firm Accenture’s 2022 Payments report has revealed that more users are turning to virtual assets as a payment method. This is despite the unstable condition of the crypto market over the past year. The future is digital, even for face-to-face payments.” Next-Gen Payment Options on the Rise The company took a survey of 16,000 customers in 13 countries across Asia, Europe, Latin America, and North America. According to the survey, banks and traditional finance systems, including credit cards…

In a world where digital life-logging is rising, a new project is looking to make a splash. Carrieverse is aiming to create an ecosystem that revolves around its Carrie and Friends IP. The project plans to release a Cling wallet, the NFT project "Kola from Space," and the crypto game "Superkola Tactics." Today's article will begin by exploring the team's vision and how they plan to make the game fun. Afterward, we will examine Carrieverse's "play, earn and own" model…

Ethereum co-founder Vitalik Buterin spoke out on Monday against centralized projects associating themselves with the “crypto” ecosystem. The founder called out IOTA and XRP in particular, which he called “completely centralized.” In an interview with the Bankless podcast, Vitalik said he was beginning to deliberately use the word “Ethereum” as opposed to “crypto” when discussing decentralized applications. “It’s not maximalist,” he noted. “It’s more saying ‘we are not going to ally with you are a cryptocurrency by default.’” Vitalik explained…

Five Bitcoin addresses with ties to QuadrigaCX – a defunct Canadian Bitcoin exchange – are seeing some renewed activity.  According to on-chain sleuth ZachXBT, about 104 Bitcoin worth roughly $1.7 million unexpectedly moved on December 17 from five wallets connected to QuadrigaCX. The last time funds had moved from those addresses was in April 2018.  A nearly identical number of Bitcoin moved from Quadriga-controlled wallets on February 16, 2019, according to an Ernst and Young report. They moved to wallets…

In a Monday press release, bankrupt crypto brokerage firm Voyager digital revealed which company won the bid for its assets. Per the publication, exchange platform Binance.US made the highest bid for the troubled lender’s assets. This means Binance.US will acquire Voyager’s assets for approximately $1.022 billion. Voyager Chooses "Best Deal" for Customers The Binance.US bid covers the fair market value of the lender’s crypto portfolio. Currently, the market value of Voyager’s holdings rests at about $1.002 billion. As such, Binance.US’s…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $807 billion. Bitcoin lost almost 3% during a highly volatile week. Ethereum decreased by 7% over the past seven days. XRP lost nearly 9% of its value this week. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector maintains the total value protocols (TVL) at around $41 billion.…

Global audit corporation Mazars has withdrawn its services from all companies in the crypto sector. Mazars' withdrawal comes barely two weeks after its public audit of the Binance exchange.  Mazars’ Exchange Auditing Tool Shut Down Per the release, a Binance spokesperson confirmed the news of Mazars’ latest move in a statement on Friday. Going forward, the accounting firm will not conduct business with crypto customers in the US or anywhere in the world. Naturally, the reportedly temporary pause extends to…

This debate is settled for Bitcoin, Charles. Quit spreading FUD.   Last Saturday, Cardano founder Charles Hoskinson had some spicy predictions regarding the crypto regulatory situation in the United States. https://twitter.com/Cryptoinsightuk/status/1601825391777222656?s=20&t=egRYYahM45VgAT5uzrcMHg His first was that Ripple’s long-standing lawsuit with the Securities and Exchange Commission (SEC) could settle as soon as December 15th. That didn’t happen.  His second was that Bitcoin (BTC) might be regulated by the agency as a security if Cardano (ADA) were to be labeled as such. That…