-Fantom (FTM) recently came close to touching a $0.50 level, its highest since last May, before easing back to the $0.46s.
-Analysts attribute the surge in crypto prices to easing financial conditions, slowing US inflation and growth, and growing signs that the bear market in crypto might be over.
-Fantom has seen its Decentralized Finance (DeFi) trade value locked (TVL) rise by 16%, total unique active addresses rise 1.04 million, and over 2.8 million in transactions in the last seven days.

The cryptocurrency market has seen a surge in prices this month, with the likes of Bitcoin and Ethereum both gaining in the region of 40%. This has been driven by a combination of easing financial conditions as US inflation and growth slow, leading to more dovish expectations for Fed tightening in the coming quarters, as well as growing signs (both technical and on-chain) that the bear market in crypto might now be over. One of the cryptocurrencies leading this surge has been Fantom (FTM), the token that powers the high-performance Fantom blockchain.

FTM/USD recently came within a whisker of touching the $0.50 level, its highest since last May, before easing back to the $0.46s, where it trades higher by about 130% on the month. Investors have plenty to be optimistic about regarding the health of the Fantom ecosystem, with the twitter account @Fantom_Insider reporting that Fantom has seen its Decentralized Finance (DeFi) trade value locked (TVL) rise by 16%, total unique active addresses rise 1.04 million, and over 2.8 million in transactions in the last seven days.

The on-chain performance of Fantom has been encouraging, with the platform having implemented over 2.8 million transactions and gaining more than 1.04 million in total unique addresses. This shows that the platform is continuing to grow and gain traction, and analysts are optimistic that FTM could continue to rise.

Many experts are predicting that the Fantom token could hit the $1 level in the coming months. This would represent a massive increase from the current price, and could be driven by continued growth in the DeFi space and a general increase in demand for cryptocurrencies. There has also been an increase in institutional investments into the cryptocurrency space, which could also help drive the price of FTM higher.

In the short term, Fantom is likely to remain volatile, with prices likely to be affected by broader movements in the cryptocurrency market. However, the long-term prospects for the token remain bright, and it could be a great time to invest in the token before the price rises further.

• Dogecoin has seen a temporary drop of 4.8% to $0.0840 as other cryptocurrencies such as Ethereum, Cardano, Solana and Shiba Inu also suffer a similar decline.
• The total crypto market cap fell by approximately 3.5% to just above $1 trillion.
• Price analysis shows that the Dogecoin uptrend will soon resume as a forming green candle on the daily time chart sits on support at $0.0802 in confluence with the 50-day and 100-day EMAs.

The cryptocurrency market has seen a significant decline in the past 24 hours, with Dogecoin (DOGE) leading the way with a 4.8% drop in price. This decline is not only limited to DOGE, as other cryptocurrencies such as Ethereum, Cardano, Solana, and Shiba Inu have also seen similar losses. As a result, the total crypto market cap has fallen by about 3.5% to barely hold above $1 trillion.

This decline in prices comes after the recent crypto market rally which saw Dogecoin and Shiba Inu bring back the meme coin hype, contributing to the crypto market regaining the $1 trillion capitalization mark a couple of weeks ago. However, analysts at Bitfinex have stated that while the rally looks promising on paper, the reality is that there are still limited traders in the markets. They further explained that the recent uptrend was driven purely by sentiment, low funding rates and cascading short liquidations.

Despite the recent drop in price, price analysis shows that the Dogecoin uptrend is set to continue. A forming green candle on the daily time chart sits on support at $0.0802 in confluence with the 50-day and 100-day EMAs. However, bulls must hold their feet down and deal with an immediate resistance at $0.0866, as reinforced by the 200-day EMA and the lower boundary of the falling triangle pattern.

The positive news for DOGE holders is that the technical indicators are still showing a bullish trend. The Relative Strength Index (RSI) is on the rise, indicating that buyers are still in control of the market. The Moving Average Convergence Divergence (MACD) indicator is also pointing to a bullish trend.

In conclusion, it looks like the current dip in Dogecoin prices is just a temporary pullback from the upward trend. Price analysis shows that the uptrend will resume soon, with the technical indicators still showing a bullish trend. As such, this may be a good time to buy the dip in Dogecoin and other cryptocurrencies.

• Shiba Inu’s price appears to have taken a breather after a consistent push by bulls for slightly over two weeks.
• The United States Justice Department has released an international cryptocurrency enforcement action which has caused some investors to hold back the aggressive action seen since the New Year.
• The Justice Department has arrested the founder of Bitzlato Ltd. and charged the firm with money-laundering, with the founder Anatoly Legkodymov extradited to the US and the firm ordered to shut down operations.

The crypto market has taken a breather in the past 24 hours, with Shiba Inu being no exception. After a consistent push by bulls for slightly over two weeks, the price of SHIB appears to have taken a breather and is currently down 11% at $0.00001118. This pressure is shared by other major cryptos, with Bitcoin price being down 2.2% to trade at $20,796, while Ethereum price is exchanging hands at $1,527 after sliding 3.3%. The most popular meme coin, DOGE is also in the red and trading at $0.081 after a 5.5% correction in 24 hours.

The recent respite in the crypto market appears to be due to an announcement from the United States Justice Department regarding an international cryptocurrency enforcement action. During a press conference held on Wednesday afternoon, Deputy Attorney General Lisa Monaco alongside other speakers discussed the arrest of the founder of Bitzlato Ltd. and the charging of the firm with money-laundering. The founder, Anatoly Legkodymov, was extradited to the US and the firm was ordered to shut down operations with immediate effect.

The coordinated enforcement action between French and US authorities, which included the FBI, was aimed at disrupting the criminal ecosystem. Bitzlato had been on the radar of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and had been labeled as a “primary transnational criminal organization” for its involvement in a “complex money-laundering scheme”. The move appears to have caused some investors to hold back the aggressive action witnessed since the New Year, leading to the recent dip in the crypto market.

It remains to be seen if the dip is just a brief respite or a sign of a deeper correction. For now, investors should keep a keen eye on the markets and look for any signs of a potential recovery.

• KAVA, MEMAG, APT, FGHT, FXS, CCHG, AGIX, RIA, TARO, and D2T have been identified as the best crypto to buy today, with some posting significant gains in the past 24 hours, week, and month.
• Coinbase announced that it will be listing KAVA from today, which has seen its relative strength index and 30-day average rise significantly.
• Meta Masters Guild has also seen its presale attract a growing number of investors with over $650,000 being raised.

The cryptocurrency market has experienced a slight correction in the past 24 hours, with a 2.5% drop in the total market cap. Despite this, its total cap still remains up by 8% in the past week and by 20% in the past month. To help investors identify the best crypto to buy today, we have compiled a list of the best performing tokens in terms of gains over the last 24 hours, week, and month.

Kava (KAVA) has been identified as one of the best crypto to buy today, with its price reaching $1.03, representing a 9% jump in the past 24 hours and a 38% gain in a week. It has also posted a 52% return in the last 30 days, with Coinbase announcing that it will be listing the layer-one token from today. Following this announcement, KAVA’s indicators have perked up massively, with its relative strength index (purple) shooting up to 80, while its 30-day average (red) has begun moving up towards its 200-day (blue), signalling a significant breakout rally. Coinbase’s listing of KAVA will begin today from 9:00am Pacific Time (5:00pm UTC), at which point expect some more volatility (which could be either good or bad). More generally, Coinbase’s listing of the coin follows plenty of promising organic growth for Kava, its native platform. Kava is steadily building out its ecosystem, with the proof-of-stake layer-one platform now the 13th biggest such platform in terms of total value locked in, and the 11th in terms of protocols launched.

Meta Masters Guild (MEMAG) has also emerged as an attractive token for investors, with its presale seeing a growing number of investors. It has now raised over $650,000 in its presale, which is attracting a growing number of investors to its play-to-earn gaming platform. The platform is backed by a team of experienced game developers and backed by the Metaverse Foundation, a non-profit organisation that works to promote innovation in blockchain technology. According to its whitepaper, the MEMAG platform will allow users to earn rewards for playing games, with these rewards being used to purchase in-game items. In addition to this, users will be able to use MEMAG tokens to purchase virtual land, which they can then use to create their own gaming worlds.

Other tokens included in the list of the best crypto to buy today are APT, FGHT, FXS, CCHG, AGIX, RIA, TARO, and D2T. All of these tokens have seen significant gains in the past 24 hours, week, and month, making them attractive for investors. However, investors should also keep in mind that the cryptocurrency market remains volatile and that any investment should be made with caution.

• Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, wrote an open letter to the Digital Currency Board (DCG) board asking for the removal of the venture capital firm’s CEO Barry Silbert.
• Tensions between the high-profile executives of DCG and Gemini grew in the wake of the FTX collapse.
• Cameron accused DCG and its CEO Barry Silbert, as well as other key executives, of defrauding more than 340,000 Gemini and Earn users by falsely claiming that crypto brokerage Genesis Global Trading was solvent and financially stable.

Cameron Winklevoss, co-founder of the popular cryptocurrency exchange Gemini, has written an open letter to the Digital Currency Board (DCG) board, asking for the removal of the venture capital firm’s CEO Barry Silbert. The letter comes in the wake of the FTX collapse, which has caused tensions to rise between the high-profile executives of DCG and Gemini.

In the letter, Cameron accuses DCG and its CEO Barry Silbert, as well as other key executives, of defrauding more than 340,000 Gemini and Earn users. He alleges that the executives falsely claimed that crypto brokerage Genesis Global Trading, the lending arm of Genesis which is also owned by Digital Currency Group (DCG), was solvent and financially stable. By doing so, he claims they were trying to mislead lenders into believing that DCG had absorbed massive losses that Genesis incurred from the Three Arrows Capital Ltd. (3AC) collapse and induce lenders to continue making loans to Genesis.

Following the announcement of FTX’s collapse, Genesis announced that it is temporarily suspending redemptions and new loan originations. They cited “abnormal withdrawal requests” that had exceeded the company’s “current liquidity.” As a result, Gemini Trust Earn, a program that offered high-interest accounts thanks to a partnership with Genesis Global, also halted redemptions in mid-November. Reportedly, around $900 million of Gemini’s customer funds are now locked in Genesis.

This is not the first time Cameron has lashed out at Silbert in an open letter. In a move that shocked the crypto community, Cameron accused Silbert of attempting to acquire the Winklevoss’ patents, which were not for sale. He also accused Silbert of attempting to pressure Gemini into a business relationship with the Digital Currency Group.

It remains to be seen how the Digital Currency Board will respond to Cameron’s open letter and the accusations against Barry Silbert. For now, many Gemini and Earn users are counting on the DCG board to take action and ensure that their funds are returned to them as soon as possible.

• A Russian professor has claimed that “mass” crypto adoption is on its way in the country.
• Igor Belskikh, a Doctor of Economics, and Professor at the Department of Economics and Finance at the Plekhanov Russian University of Economics, noted that crypto had become a tool that allowed Russians to transfer funds abroad without having to make declarations to the government.
• He noted that crypto’s recent “popularity” was “associated with the ability to quickly transfer money across borders without paying foreign exchange fees or tax payments.”

Recent developments from Russia suggest that the country is set to embark on a new wave of cryptocurrency adoption. Igor Belskikh, a Doctor of Economics and Professor of Economics and Finance at the Plekhanov Russian University of Economics, has suggested that the nation is on the brink of mass adoption of cryptocurrency.

The professor noted that crypto has become increasingly popular in Russia due to its ability to quickly move money over borders without incurring any foreign exchange fees or taxes. This has also made it a popular choice for those looking to discreetly move funds abroad. Belskikh believes that the ease of crypto use makes it an attractive option to Russians, and that it could become a popular hobby in the years to come.

He further suggested that crypto users have already taken advantage of this new form of currency, by using rubles to purchase cryptocurrencies and then easily converting them to local currencies when they travel abroad. This is being used for a variety of purposes, such as buying real estate, stocks, bonds, and even for paying for education.

The professor also noted that, due to the nature of crypto, it is relatively easy for users to keep their coin holdings and usage private. This, he believes, gives governments little power to stop crypto use.

Overall, it appears that Russia is on the brink of a new era of crypto adoption. With its ability to quickly and discreetly transfer funds, crypto is becoming a popular choice for Russian citizens and it may become the nation’s new favorite hobby. It is yet to be seen if this mass adoption will have a positive or negative impact on the country’s economy, but the future of cryptocurrency in Russia looks bright.

• Max Krupyshev, CEO of CoinsPaid, gave an exclusive interview to cryptonews.com discussing crypto payment ecosystems, the 2022 year in review, and trends to expect in 2023.
• Max discussed lessons learned from the failures of Terra, FTX, Celsius, and BlockFi and which countries can become the leaders in terms of crypto adoption in 2023.
• He also discussed the acceptance of crypto payments in the luxury industry and the crypto narrative of 2023.

Max Krupyshev, the co-founder and CEO of the crypto payment ecosystem CoinsPaid, recently gave an exclusive interview to cryptonews.com about the trends to expect in 2023 for crypto payments and adoption. Max is a serial entrepreneur with long-standing experience in developing fintech and crypto projects, having entered the world of crypto in 2013 and launching a Bitcoin Foundation to promote crypto adoption in Ukraine.

Max began the interview discussing the events from the past year and the lessons to be learned from the failures of Terra, FTX, Celsius, and BlockFi. He reminded us that although these projects may have failed, the underlying technologies will continue to evolve and be used in the future. He also emphasized that although the crypto industry is still very young, it is growing rapidly, and he believes that as the industry matures, there will be more opportunities for regulation and transparency.

Max then discussed which countries he believes will be the leaders in terms of crypto adoption in 2023. He believes that countries like the United States, Japan, and South Korea, which have already embraced cryptocurrencies, will continue to be the frontrunners in the crypto space. He also noted that countries like Singapore, Estonia, and Switzerland are very progressive in terms of crypto regulations and will likely become the new frontrunners.

Finally, Max discussed the acceptance of crypto payments in the luxury industry and the crypto narrative of 2023. He believes that cryptocurrencies will become more accepted in the luxury industry and that more merchants will begin to accept them as a form of payment. He also noted that the crypto narrative of 2023 will focus heavily on regulation and transparency, and that this will be necessary for the industry to continue to grow.

Overall, Max believes that the crypto industry is on the verge of becoming mainstream and that 2023 will be a pivotal year for the industry. He expects that more countries will embrace cryptocurrencies, that more merchants will accept them as a form of payment, and that regulation and transparency will be essential for the industry to continue to grow.

• Sam Bankman-Fried, founder of the FTX cryptocurrency exchange, pleaded not guilty in a New York court on Tuesday.
• The judge scheduled the trial against Bankman-Fried to begin in the fall, and the trial could last for around four weeks.
• Bankman-Fried could face up to 115 years in prison if convicted in the trial, but he has denied any criminal liability.

Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, appeared in court on Tuesday in New York, where he pleaded not guilty to the criminal charges brought against him. The presiding judge, Lewis Kaplan, scheduled the trial to begin in the fall and estimated that it would last for around four weeks.

The charges against Bankman-Fried are serious, with federal prosecutor Danielle Sassoon alleging that he misappropriated customer funds and laundered them through political donations, charitable donations, and venture investments. If convicted, Bankman-Fried could face up to 115 years in prison.

However, Bankman-Fried has denied any criminal liability and argued that he merely made mistakes during his time as the head of FTX. Videos released from outside the courtroom show the chaos that surrounded Bankman-Fried’s court appearance, with a large crowd of people attempting to get into the courtroom and take photos.

In addition to setting a date for the trial, Judge Kaplan also imposed new conditions on Bankman-Fried’s $250 million bail. Under the new conditions, he is required to post a $10 million personal surety bond and remain in the US, with his travel restricted to the states of New York, Connecticut, Massachusetts, and California.

It remains to be seen whether Bankman-Fried will be able to defend himself successfully in court. But if the judge finds him guilty, the former crypto mogul could face a lengthy prison sentence. In the meantime, the case will continue to be closely followed by those in the cryptocurrency community and beyond.