Cryptounity.news

  Cryptocurrency king Bitcoin has broken $24,000 + for the first time in three days. Bitcoin reaches a new high of $24,769.75 over the 24 hours the move follows Bitcoin’s strong performance since the start of January seeing it climb by 50% year to date. Bitcoin started around $16,000 steadily in the first quarter of months. Bitcoin also increases the overall crypto market cap, which has surpassed the $1 trillion market cap and is currently at $1.14 trillion. Read full; news at: http://cryptounity.news/bitcoin-breaks-24k-continuing-its-bullish-run-into-2023

  Twitter has acquired legal and regulatory licenses in the U.S The payment system will accommodate digital currencies and fiat. According to Financial Times, Elon Musk is pushing to obtain regulatory and legal licenses to push via the Twitter payment system plan Elon musk's move to radicalize Twitter into a social payment and messaging platform will utilize a technology that accommodates both fiat and virtual currencies. According to Elon Musk, the platform would initially support payment and peer-to-peer transactions in fiat the technology will be developed to house crypto payment. Read full news at: https://cryptounity.news/elon-musks-twitter-goes-cashless-with-cryptocurrency-payment-option

 Visa CEO Alfred Kelly express that the company is working on some central bank digital currency (CBDC) and stablecoins San Francisco business time reported.  According to Alfred Kelly the company believes that stablecoins and CBDCs could play a meaningful role in the payment space. Alfred kelly said that the company had no credit losses to the recent crypto contagion as it had an immaterial investment in crypto companies. Visa  is also working on many initiatives to develop its CBDC and stablecoin infrastructure. Read full news at: https://cryptounity.news/visa-is-working-on-a-central-bank-digital-currency-and-stablecoin-initiatives

 The developers of the dog-themed token Shiba Inu posted an update to inform its community about its upcoming beta release of Shibarium a layer 2 network that will run on top of the Ethereum Mainnet.  The developers of the dog-themed token Shiba Inu posted an update to inform its community about its upcoming beta release of Shibarium a layer 2 network that will run on top of the Ethereum Mainnet.  According to Developers:  "Patience is key and some see Shibarium as a price pumping tool but that is not the projects focus and never has been" Read full news at: https://cryptounity.news/Shiba-Inu-devs-to-launch-Shibarium-L2-network-beta

 In cryptocurrency exchange in Ontario, Canada users cannot list USDT following the OSC ban.  According to  Crypto.com  plans to delist Tether (USDT) for Canadian users, effective Jan 31 the exchange has told customers that if they do not withdraw or convert their USDT assets by the deadline then their Tether will be automatically converted into USD Coin (USDC)  "You may incur a retrieval fee if deposits of USDT are made from external wallets after this suspension period and fund retrieval may not be possible in some cases." Read full news at: https://cryptounity.news/cryptocom-delists-usdt-due-to-regulatory-prohibition

  Binance coin (BNB) price gearing for another lift-off to $300. BNB rallied above $260 and may aim to touch the $300 level. BNB price started a recovery wave from the $240 support against the US Dollar. BNB price currently trading above the $265 and the 100 simple moving average. BNB 4 hours graph a major bearish trend line with resistance near $250 on 4 hours of BNB/USD pair. BNB/USD pair could rise and may climb above the $280 level. Last week, the BNB price support base was above the $240 level, and there was a strong recovery wave above the $250 resistance zone. Read full news at:  https://cryptounity.news/bnb-breaks-records-how-to-profit-from-the-bnb-price-increase

 The Shiba Inu (SHIB) token is one of the famous meme coins in the crypto market.  With over 3.6 million followers liked by many and aiming to be more than just a meme token, the SHIB army committed a burn mechanism in which they'd have to burn some SHIB tokens to reduce its massive supply.  SHIB is massive compared to the recent SHIB burns, the SHIB burn tracking site shibburn.com a total of 37,400,646 SHIB have been burned in the last day SHIB surge in burn rate of 1,395.89% Read full news at: http://cryptounity.news/shiba-inu-burn-rate-surges-over-1300-in-24-hours-can-it-sustain-gains

  The Avalanche app from Venly is now accessible to all Shopify businesses allow to mint and sell NFTs via a no-code interface. If any of  Shopify 's millions of merchants wish to sell NFTs they need not direct buyers to a specialized platform like  OpenSea  or  Magic Eden  they can mint and list NFTs through their existing storefront utilizing one of Shopify's blockchain apps these NFTs can now be created on Avalanche due to venly.  Venly  a Blockchain company expresses the expansion of  Avalanche  support via its Shopify NFT minting app the Layer 1 blockchain platform which is billed as a faster and less expensive to leading NFT platform Ethereum is currently available to all Shopify merchants. Read full news at:   https://cryptounity.news/shopify-retailers-can-now-sell-avalanche-nft-via-their-online-stores

 The Reserve Bank of India's financial stability report is negative about cryptocurrency and reminds the world that India is looking for global action on crypto regulations. The  Reserve Bank of India  (RBI) has expressed concerns about the burgeoning crypto ecosystem and suggested parts of it could be banned.  The latest RBI financial stability report express on Dec 29 that the Central bank said it would use its rotating presidency of the G20 group of the world's largest economies to call for the development of a global regulatory framework of crypto assets. The Indian economy and domestic financial system remain resilient the tone changed drastically in its discussion of crypto as it highlighted a familiar laundry list of crises that struck 2022.  Read full news at: https://cryptounity.news/bank-of-india-report-calls-for-regulatory-coordination-on-crypto-market-challenges

  The migration of Solana's top two NFT projects to Polygon and Ethereum is set for the first quarter of 2023 on an opt-in basis. NFT firm Dust Labs is migrating its two top-performing Solana NFT projects DeGods and Y00ts one Polygon and Ethereum in a bid to expand their adoption. The official News was published on the DeGods and y00ts Twitter page on Dec 25 with both NFT projects expected to be bridged onto Ethereum and Polygon respectively in the first phase of 2023. Rohun Vora is the creator of DeGods and y00ts who is known by the alias Frank expresses the decision was made to explore new opportunities and allow for the continued growth of the collection. the move will also see the DUST token used to buy, sell and mint NFT on the DeGods ecosystem as well bridged into Polygon and Ethereum. Read full news at:  http://cryptounity.news/top-nft-projects-are-quit-solana-is-solana-dead

  One of the biggest factors harming Ethereum's credible neutrality is the use of censoring MEV relays by crypto ecosystems and exchanges. Crypto ecosystems being compliant with federal sanctions harm its global reach when it comes to Ethereum investors have significant power to decide the degree of compliance the ecosystem obeys. Ethereum blocks comply with the United States sanctions put forth by the office of foreign assets control (OEAC) while the crypto community stands against this transformation many fail to realize their contribution to helping Ethereum attain total OFAC compliance. Users staking Ether on platforms that run censoring MEV relays on their validators are directly contributing to the censoring of MEV boost relays. Read full news at:  https://cryptounity.news/eth-staking-on-top-exchanges-contributes-to-ethereum-censorship

  Nearly 350 tokens and 118,000 scam tokens were deployed from the start of January through the end of November. According to Rug Pull Report 2022, there were 117,629 scam tokens from the year 2022 the data reported a 41% increase from the near 83000 in 2021. there were more than 350 tokens every day in 2022 the current number is astronomically higher than the 1548 scam tokens in 2020. As per the report  BNB Chain  is home to the most fraudulent tokens. moreover, 12% of all BEP-20 tokens are fake. the Ethereum network came in second with a supposed 8% of ERC 20 crypto coins being scams. Read full news at:  https://cryptounity.news/defrauding-millions-of-investors-due-to-350-scam-token-created-everyday

  Digital payments platform PayPal has collaborated with MetaMask parent company Consensys to allow MetaMask users to purchase and transfer Ether via PayPal’s platform. Currently, the service will be rolled out to selected  PayPal  users within the United State. The service will initially be rolled out only to select PayPal users within the United States as the country is one of  MetaMask ’s largest markets in terms of users. The collaboration is intended to allow users to seamlessly purchase and transfer ETH from PayPal to MetaMask by logging into their Mobile MetaMask app which will redirect them to their PayPal account to complete transactions. Read full news at:   http://cryptounity.news/metamask-to-allow-users-to-purchase-and-transfer-ethereum-via-paypal

  Ethereum price boost defended the $1220 support level against the US Dollar. ETH is rising and may be a strong bullish wave above the $1300 resistance level. Ethereum remained well bid and strong above the $1220 zone the price is currently trading above $1250 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near the $1245 hourly graph of the ETH/USD pair. The pair is showing a positive signal and my eye is on an upside break above the $1300 resistance level. Read full news at:   http://cryptounity.news/ethereum-price-bulls-hold-strong-indicators-suggest-fresh-rally-to-1400

 Telegram to allow no-sim accounts via anon-blockchain-numbers Telegram Messenger is a globally accessible freemium, cross-platform, encrypted, cloud-based, and centralized instant messaging service that rolled out new features that users can create accounts using blockchain-based anonymous numbers as opposed to cell phone numbers. Telegram  already hides people's private phone numbers from non-added users on the app users will now be able to hide numbers from everyone.  Telegram is famous for crypto enthusiasts due to its useful features, Telegram 9.2 update launched on December 6 which enables users to auto-delete timers on messages in the new chat.  Read full news at: http://cryptounity.news/telegram-allow-to-create-accounts-using-blockchain-based-anonymous-numbers

  Ethereum spiked above the $1300 resistance zone against the US Dollar ETH is correcting gains but it remains supported near $1250 and $1230. ETH boosted above $1300 before the bears appeared the price is currently trading above $1250 and the 100 hourly simple moving average.  There was a break below a major bullish trend line with support near $1280 on the hourly graph at ETH/USD. Read full news at:   https://cryptounity.news/ethereum-price-holds-strong-at-1250-a-strengthening-case-for-upside

 Telegram is a very popular messaging app. it provide free to use and offers a fast and secure platform with end-to-end encryption with a wide range of features.  One of the famous features is the Telegram bot feature that allows users to automate tasks for different tasks. including creating to-do lists getting weather updates and getting automated alerts while tracking a particular wallet address. these bots are automated by programs and can be customized as per the user's needs.  Telegram  is making its way into the cryptocurrency realm it adds support for cryptocurrency payments according to a tweet from the TON foundation in April. the TON token can be used to make cryptocurrency payments on Telegram.  Related: https://cryptounity.news/telegram-is-planning-to-build-a-crypto-exchange-and-wallet

 Dogecoin (DOGE) price breaks $0.10 on Rumors of Elon Musk, and Vitalik Buterin Development collaboration.  After Elon Musk, and Vitalik Buterin Development Collaboration rumors DOGE coin has risen by over 14% in the last day. Dogecoin has seen renewed interest thanks to Elon musk's Twitter 2.0 plans.  Dogecoin price increased 23.9% to trade at $0.1052. as compared to other top ten cryptocurrencies, DOGE has recovered from the impact of the FTX crash up 36.3% in the last 30 days. Read full news at: https://cryptounity.news/dogecoin-has-risen-by-over-14-in-the-last-24-hours-due-to-rumors-of-elon-musk-vitalik-buterin-development-collaboration

 The digital rupee is intended as a supplement to the current payment system and not its replacement Having tested the wholesale usage of its central bank digital currency (CBDC) the Reserve Bank of India  (RBI) is preparing to conduct the retail pilot of the digital rupee the pilot should launch within a month.  The RBI is in the final stage of preparing the rollout of the retail digital rupee pilot. the participants are the State Bank of India, Bank of Baroda, ICICI Bank, Union Bank of India, HDFC Bank, Kotak Mahindra Bank, Yes Bank, and IDFC First Ban, the pilot is going to include all the commercial banks in the country.  Read full news at: https://cryptounity.news/the-reserve-bank-of-india-to-launch-a-retail-cbdc-pilot-in-december