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Join Our Telegram channel to stay up to date on breaking news coverage The Helium network’s HNT token is trading at a massive profit this week. What are the prospects for this asset as investors continue to look for profit, and is there a new crypto project promising a good return in 2023? HNT Price Action At press time, the HNT token trades at $2.14. The digital asset is trading at a 27% surge in the past 24 hours, beating the broader market, down by 0.18% in the same period. HNT’s price surge has done well for the asset’s technicals. HNT is now trading above its major moving average (MA) indicators, and its positive moving average convergence and divergence (MACD) also shows that it is giving off a buy signal. However, investors should note that the broader market’s bearish trend move may continue to have an effect on the HNT price. Major coins have been trading at discounts in the last 24 hours, indicating that investors need to take caution. A G...

Join Our Telegram channel to stay up to date on breaking news coverage Since the Bitcoin price may drop below $15,000 in the following week, triggering a negative market. Can bitcoin hit the $20,000 mark? Read on to find out. has been below $20,000 for almost a month, the volatility seems to have bottomed out. And while volume has been steady at respectable levels, it hasn’t been enough to increase asset volatility. Bitcoin’s (BTC) price may even surpass its previous highs if the recent upswing ends badly in the coming days.   Death Cross Formation Developing On Price Chart On CoinMarketCap’s weekly chart, the BTC price is showing signs of creating a Death Cross, with the 200-day moving average (MA) potentially crossing below the 50-day MA. As the first Death Cross on a weekly chart since Bitcoin’s foundation, it might occur in early 2023. There are only a few weeks left until this historic death cross, and the BTC price must increase its volatilit...

Along with the crypto market, even the NFT market rode the bullish wave last year. Several fresh records were created as the market welcomed a string of new participants betting on the future of digital tokens. Chalking out 2022’s Trends Unlike cryptos, 2022’s H1 tale was not all that gloomy for NFTs. As illustrated below, this year holds the record for registering the highest Non Fungible Token trading volume. In the week of May 1, the cumulative weekly sales peaked at $1.2 billion. After that, however, the sluggish market conditions did reduce the Non Fungible Token trades across the board in H2. The sale numbers have sharply fallen and have been, by and large, hovering in the $40-$50 million bracket of late. Source: The Block Art auction house Christie’s was one of the main beneficiaries of the Non-Fungible Token frenzy last year. It reportedly sold over 100 NFTs worth more than $150 million in 2021. This year, however, the 87 NFTs it sold managed to fetch it...

Source: AdobeStock / Igor Zakowski Major cryptoasset exchange Binance was reportedly used by a Mexican-based internationally-operating drug cartel to launder millions of US dollars - and the exchange helped the authorities identify the suspects. Forbes cited an ongoing investigation by the US Drug Enforcement Administration (DEA), saying that a gang dealing in methamphetamine and cocaine, which operated across countries and continents - specifically, the US, Mexico, Europe, and Australia - used Binance to launder their drug proceeds. The report said that, "Between $15 and $40 million in illicit proceeds may have been funneled through Binance, the DEA alleged." The group in question remains unnamed, but the report cited a search warrant per which it is identified as a Mexican gang. They have allegedly been using Binance since 2020. At the time, several DEA informants using the crypto trade forum localbitcoins.com conversed with a user who offered to excha...

FTX's new CEO John J. Ray III. Source: a video screenshot/YouTube The collapsed crypto exchange FTX has started work to claw back money paid as political donations as part of its bankruptcy proceedings in the US. The donations, which were made at the direction of FTX founder and former CEO Sam Bankman-Fried, amounted to hundreds of millions of dollars, several reports have indicated. FTX “intends to commence actions before the bankruptcy court to require the return of such payments, with interest accruing from the date any action is commenced”, FTX, which is now led by the bankruptcy expert John J. Ray III, said in a statement, while sharing an email address that recipients could use to return donated funds. “Recipients are cautioned that making a payment or donation to a third party (including a charity) in the amount of any payment received from a FTX contributor does not prevent the FTX debtors from seeking recovery from the recipient or any subs...

Ethereum rose back above the $1,200 level on Tuesday, as the dollar rebounded following the latest Bank of Japan (BOJ) policy decision. The bank adjusted its yield curve control, which increased its cap on the 10-year government bond, allowing moves of up to 50 basis points (bps), up from 25 bps. Bitcoin also rose on the news, climbing closer to $17,000 Bitcoin Bitcoin (BTC) moved closer to the $17,000 level on Tuesday, as traders reacted to the latest Bank of Japan policy decision. BTC/USD surged to a peak of $16,837.65 earlier in today’s session, less than 24 hours after hitting a low of $16,398.14. Today’s move saw the token climb above a key resistance level of $16,700, with prices rising to a four-day high in the process. BTC/USD – Daily Chart Looking at the chart, the surge took place as the 14-day relative strength index (RSI) broke out of a ceiling at the 46.00 level. As of writing, the index is currently tracking at the 46.61 mark, which is its stron...

John Carmack, the founder of renowned company ID Software and executive consultant on VR for Meta, has announced he is leaving Meta. Among the reasons for this departure, Carmack signals that there are inefficiencies and self-sabotage at Meta that have affected the work that the company is doing regarding its VR (virtual reality) and metaverse efforts. John Carmack Abandons Meta Meta (formerly Facebook), the social network and metaverse company, has lost one of its leading VR consultants. John Carmack, a founder of ID Software, creators of the Doom franchise of games, has announced his departure from the Meta. In a Facebook post, Carmack explains that his resignation as a VR consultant for the company marks the end of a VR-dedicated decade, and reveals the company is plagued by inefficiencies regarding the work done towards VR and metaverse development. Carmack explains: We have a ridiculous amount of people and resources, but we constantly self-sabotage and squander effort. There ...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Over the past couple of years, the decentralized finance (DeFi) sector has absolutely exploded, leaving many earlier investors very happy. While finding the best DeFi cryptos can be a difficult task, it doesn't have to be. Throughout this guide, we'll be reviewing 13 of the best DeFi coins to buy, explaining whether or not DeFi cryptocurrencies make for good investments, and taking an in-depth look at perhaps the top exchange to buy the best DeFi coins in 2022. Let's get started. 14 Best DeFi Coins to Invest in 2023 We've included a brief summary of the best DeFi cryptos to invest in right now, with more detailed reviews of each project located slightly further down the page.  FightOut - Best DeFi Coin to Invest with Purchase Bonuses of up to 25% Dash 2 Trade - Overall Best DeFi Token Presale to Buy in 20...