🟡 : Binance's blockchain network, BNB Chain, has revealed a white paper introducing a decentralized data storage infrastructure named BNB Greenfield.

BNB Greenfield introduces a brand new structural and economic paradigm for data in the era of Web3. BNB Greenfield uses BNB as its native token and becomes the third blockchain in the BNB Chain ecosystem, alongside BNB Beacon Chain and BNB Smart Chain, according to a statement.

BNB Greenfield will offer various services such as personal cloud storage and website hosting. The blockchain will also allow for the creation of a "brand new social media model" where users can monetize their content.

◻️ - Upcoming Testnet Launch

The network indicates that it is collaborating with AWS, NodeReal and Blockdameon in the development of BNB Greenfield's testnet, which is expected to launch "in the coming months."

BNB Greenfield is designed to be inclusive to both Web2 and Web3 communities. The APIs are designed to work similarly to popular cloud storage systems, and although fees will be paid in BNB, they will be billed in USD, providing users with a consistent understanding of BNB Greenfield's cost structure.

#bnbgreenfield #Web3 #Binance #crypto2023

Stablecoins have gained widespread recognition and acceptance globally. Cryptocurrencies are known for their unpredictable nature, and among them, stablecoins provide a solution for many. Stablecoins are typically more stable and are linked to the national currency of a specific country.

GBPT, which was launched in July, is a stablecoin pegged to the British Pound Sterling (GBP). It was released by Tether with the symbol GBPT and has a 1:1 peg to the British Pound Sterling. The recent partnership between BitcoinPoint and Poundtoken has made GBPT readily accessible to people in Britain.

GBPT Stablecoin Now Accessible through 18,000 ATMs in UK The recent partnership has made the GBPT stablecoin available to users via more than 18,000 ATMs in the United Kingdom. It also makes GBPT the first fully supported stablecoin available to retail customers through 18,000 ATMs.

"It also aligns with the government's consideration to integrate stablecoins into the UK economy," said Benoit Marzouk, CEO at BitcoinPoint.

JP Morgan Strategist, Mike Bell, has stated that the biggest risk to the market in 2023 is the absence of a recession, as reported by Markets Insider. The Federal Reserve's actions could have a negative impact on the economy, as the absence of a recession may lead to higher wage growth.

This, in turn, could result in the Fed having to raise interest rates more than expected, which would combat inflation but also cause a decline in stocks and bonds.

Market in Danger Without a Recession?

The current economic state in the US is delicate, with many fearing a recession due to the Fed's interest rate hikes throughout 2022. However, according to JP Morgan Strategist Mike Bell, the greatest threat to the market in 2023 is the absence of a recession.

Bell believes that if the US economy avoids a recession and wage growth remains high, the Fed would have to resume interest rate hikes in the second half of the year, leading both bonds and stocks to decline.

JP Morgan's best case scenario involves a recession in 2023, which would allow for wage pressures to decrease and the Fed to cut rates in 2024. Bell predicts that the Fed will bring rates down to 2.5% by the end of 2024.

While Bitcoin [BTC] has been focusing on reaching $24K, other lesser-known cryptocurrencies have been making gains in the market. One such asset, the MINA token, has recently gained double-digit growth.

At the moment, MINA is being traded at $0.84 with a 24.62% increase in the last 24 hours, making it the best-performing asset in the cryptocurrency market. The recent rally from a low of $0.6539 to a high of $0.9176 has led some to speculate if its next target is $1.

²

As shown in the chart, MINA has surpassed key resistance levels of $0.766 and $0.821. However, there has been a slight dip in its growth. If this trend continues, MINA could drop to its next support levels of either $0.627 or $0.518. It's worth noting that the asset has grown nearly 125% since January 1, 2023, and reached a value last seen in August 2022.

While the crypto community is optimistic about reaching $1, some believe that the recent surge may only be short-term.

Additionally, there has been buzz surrounding zk tokens as the future of blockchain scalability and privacy. These tokens are slowly gaining momentum.

Shiba Inu (SHIB) is undoubtedly popular among whales. It is one of the reasons many retail investors fear buying into the project. A sell-off from the whales would trigger a massive fall in the token’s price. Nonetheless, whales continue to dominate SHIB holdings. According to Whalealert, a Shiba Inu (SHIB) whale recently moved 3.3 trillion tokens from an unknown wallet. The transferred SHIB is worth an eye-watering $38 million.

The sender’s wallet currently has no SHIB balance. However, the sending wallet received around the same amount of SHIB from another unknown wallet 14 days prior. The 3.3 trillion SHIB is still held in the mystery wallet that received it.

The movement of the tokens comes as SHIB’s layer-2 network, Shibarium, prepares for launch. Many expect the launch to push Shiba Inu’s price to new heights. The whale may be preparing for the Shibarium launch and could take its position based on how the release unfolds.

Furthermore, Shiba Inu (SHIB) is still a favorite among Ethereum (ETH) whales and makes up over 15% of the top 100 ETH whale holdings. The top 100 ETH whales hold nearly half a billion US dollars worth of SHIB tokens.

#ETH #cryptomeme #dyor #SHIB

ChatGPT, the AI platform based in Texas, is well-known for its ability to provide accurate and concise answers. Its capacity to construct sentences based on facts sets it apart from other applications.

ChatGPT, a large language model created by OpenAI, has achieved a significant milestone by surpassing 1 million users. This success demonstrates the growing popularity of conversational AI and its role in transforming communication.

ChatGPT reached 1 million users in five days

The speed at which ChatGPT's user base has grown is remarkable compared to other well-known companies such as Netflix, Twitter, Facebook, and Instagram. Netflix took 3.5 years, Twitter took 2 years, Facebook took 10 months, Spotify took 5 months, and Instagram took 2.5 months, while ChatGPT only took five days to reach one million users.

The versatility of ChatGPT is a major contributor to its popularity. It is used in various applications such as chatbots for customer service, virtual assistants, and language translation services. Its flexibility has allowed businesses and organizations to use it in innovative ways, improving customer experiences and streamlining communication.

#ETH #cryptomeme #dyor #SHIB

The events of 2022 had a significant impact on South Korea and its cryptocurrency users. A recent survey showed that a significant portion of the nation's wealthy population had lost trust in cryptocurrencies. However, with the beginning of 2023 and all major coins experiencing double-digit growth over the past 30 days, trust may have been restored.

According to a report from local media outlet khgames, South Korea's Ministry of Justice plans to launch a cryptocurrency tracking system.

Countering Money Laundering with the New System

The new system is aimed at addressing money laundering issues and recovering funds related to criminal activities. It will monitor transaction details, gather information, and keep track of the source of funds.

The system is expected to go live in the first half of 2023, and the ministry also plans to launch an independent tracking and analysis system by the second half of the year.

Elon Musk, the CEO of Tesla, has stated that he is still willing to eat a happy meal on live television if McDonald's starts accepting Dogecoin (DOGE) as payment. He made this statement in 2022, but McDonald's has yet to respond.

Recently, this topic resurfaced as McDonald's Tweeted asking its followers what they missed, to which Elon Musk responded with an "oh hi lol." A Dogecoin-focused page, "DogeDesigner," then asked the billionaire if his offer to eat a happy meal on live television was still open, to which Musk responded with a "100," indicating yes.

Interestingly, McDonald's responded to Binance's response on its tweet with "wagmi," which is a cryptocurrency abbreviation for "we are all gonna make it."

🍔Will McDonald’s accept Dogecoin payments? 🍟

The fast food chain has teased cryptocurrency users with cryptic tweets in the past, but has not made any references to Dogecoin specifically. If the company does decide to accept cryptocurrency payments, it is likely that they will accept a variety of coins, not just Dogecoin.

According to Coinbase Director Conor Grogan, the well-known cryptocurrency exchange Robinhood holds $266 million worth of SHIB tokens in its portfolio. Grogan states that SHIB represents 8% of Robinhood's holdings, with Ethereum (ETH) making up the largest portion at 88%, valued at $2.99 billion.

Additionally, Robinhood announced earlier this month that it would include SHIB as one of the coins accepted by its Web3 wallet, along with Solana (SOL), Polygon (MATIC), and Compound (COMP).

At the time of publication, Shiba Inu was trading at $0.00001154, with a 0.3% decrease in the last 24 hours.

#ETH #cryptomeme #dyor #SHIB

This year has been profitable for investors as they have chosen to stay invested in the market. At the current moment, the global cryptocurrency market cap is at $1 trillion and has not changed in the past 24 hours.

While Bitcoin and Ethereum have risen by about 40% since the start of the year, the 26th ranked cryptocurrency, Aptos, has brought its investors returns that are 10 times higher. Aptos has risen by approximately 500% since the beginning of the year.

The Shiba Inu network has experienced both highs and lows in recent months, following the broader trend of the cryptocurrency market. Despite more lows than highs, the community is optimistic about potential profits with the upcoming launch of Shibarium, and the community has been growing in size as they await this layer-2 rollout.

Currently, the total number of unique addresses on the network has reached an all-time high of 1.29 million. However, unfortunately, more than half of these SHIB holders are currently in a loss position, with only 35% of them making profits. According to IntoTheBlock, 60% of them were making money at the current price of the meme coin.

At the moment, the meme coin is trading for $0.00001153 with a 1.23% daily decrease. Shiba Inu's value is currently 86.97% below its all-time high of $0.00008845, which it reached over a year ago. However, the network plans to burn trillions of SHIB with the release of Shibarium, which is expected to further add to the hype and potentially boost the price of the meme coin.

The beta version of Shibarium is speculated to debut on Valentine's Day, February 14, 2023.

As predictions continue to be a focus, artificial intelligence forums have been predicting the price of SHIB. According to PricePredictions, a machine learning system, Shiba Inu is expected to trade in the same range.

#ETH #cryptomeme #dyor #SHIB

At the beginning of the year, the price of Bitcoin was around $16.5k and within a short period of four weeks, the price has already risen to $23,000. As a result, the returns for the month of January are approaching 40%.

In the past, Bitcoin investors have experienced negative returns in January six times, while on the other four occasions, they have seen double-digit positive gains. Only in 2013, the percentage was slightly higher, at 44%.

According to a report by Arcane Research. The report states that futures premiums for these derivatives have risen in the past week, with the 3-month basis for Binance reaching levels not seen since April 2022. However, open interest in Binance futures remains relatively low at 6,600 BTC.

The CME basis has also seen a significant resurgence over the past two weeks, reaching 0.7%, the highest since September 2022. This suggests that institutional traders are becoming more bullish about the market. Additionally, Arcane notes that for the first time since early November, the near-term futures structure for CME is no longer in backwardation, indicating that institutional traders are more comfortable investing in longer-dated maturities for cryptocurrency derivatives.

Despite the increased premiums, futures continue to trade at conservative levels compared to the typical annualized premium of 5-15% seen from 2019 to November 2021. This is due to the bear market of 2022. Furthermore, the ETFs offered by ProShares contributed a positive net flow last week, with the main reason being substantial withdrawals from the ProShares BITI short BTC ETF. The levels are now similar to those before FTX's collapse. BITI now holds an exposure equal to 4,435 BTC and its short position has decreased by 27% YTD.

Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!

You can follow me on twitter : https://twitter.com/Crypt_Opawa

According to a machine-learning algorithm, XRP may experience a temporary increase in price over the next two weeks. However, the prediction also suggests that the cryptocurrency may not rise above its resistance level of $0.40 by the end of January. Currently,

XRP's price has been relatively stable this week, following a 12% increase in the last 14 days. Despite a recent surge caused by CPI data, the cryptocurrency was unable to surpass its resistance level of $0.40 and has retraced in price despite positive market sentiment.

The new year has begun on a high note, as the cryptocurrency market experienced a strong rally with Bitcoin and other altcoins displaying double-digit gains. Despite a difficult "crypto winter" in 2022, characterized by falling prices and the collapse of two major players in the industry, the market has rebounded as predicted.

Bitcoin, which had been trading around $16,000, briefly reached a peak of $21,075 over the weekend. According to CoinMarketCap, BTC has seen a 22.39% increase in value over the past seven days.

Other major altcoins, including Ethereum, have also seen significant gains, with an increase of over 21.4% in the past seven days. Ethereum, which hit a monthly low of $1,160, rose to $1,563 before falling to its current price of $1,532.

Data from Coingecko shows that the global cryptocurrency market cap has surpassed $41 trillion and currently stands at $1.02 trillion. One standout altcoin is Solana, which has seen an impressive 71% gain over the past seven days.

The value of Bitcoin has been on the rise in the beginning of the new year, reaching over $19,000 and showing a recovery from a low in 2022. The renewed interest in cryptocurrency has led to it surpassing the market capitalization of the two aforementioned companies. Currently, Bitcoin has a market cap of $370 billion, with Meta and Mastercard boasting a market cap of $357.69 billion and $363.03 billion respectively. 

This is a significant achievement for Bitcoin, as it demonstrates the growing acceptance and value placed on digital currencies. It also highlights the potential for further growth in the crypto market.

However, it's worth noting that Market Capitalization is just one metric to evaluate a company's or an asset's value and performance, It's not always a direct representation of the financial health or the real usage of the asset.

🚨 : Additionally, It's important to keep in mind that the crypto market is highly volatile and subject to fluctuations, so it's important to do your own research before investing in any digital assets.

🚨 : Andrew Dietderich, has revealed that Sam Bankman-Fried, CEO of FTX, had instructed the creation of a $65 billion "secret line of credit" without customer's permission, during a recent bankruptcy hearing. This information comes just a day after Bankman-Fried published a statement claiming his innocence of the accusations against him.

It is unclear at this time how the line of credit was intended to be used or if it was actually utilized. Dietderich's revelation in the hearing raises questions about the transparency and integrity of FTX's financial practices. Additionally, it may also have implications for Bankman-Fried's defense in the ongoing legal case against him. It remains to be seen how this revelation will affect the outcome of the case and the future of the company.

Shibarium, has generated interest among SHIB holders and investors.

The developer team for Shibarium recently announced that the upgrade is in the beta phase and that an unexpected portion of the code was posted on GitHub.

The Shibarium bridge is currently being tested by beta testers and it is expected that every transaction will utilize the gas fee token Bone ShibaSwap (BONE).

As a result of these updates, the prices of BONE have also seen an increase. Currently, BONE is trading at $1.18, with an increase of 8% in the last 7 days, 44.9% in the last 14 days, 44.3% over the last month and past year.

#crypto2023 #dyor #shib

Twitter has now enabled the ability for users to search and view the latest price chart for Shiba Inu (SHIB) by using the "cashtag" feature. To access this feature, users simply need to search for "$SHIB " on Twitter, which will bring up the chart and the option to open it on Robinhood

This positive news has led to an increase in prices for SHIB, which is currently trading at $0.00000953, an increase of 4.3% in the last 24 hours. Additionally, over the past week, the token has seen a rally of 13.4%

#crypto2023 #dyor #shib

In addition to Shiba Inu (SHIB) being featured on Twitter, Dogecoin (DOGE) has also been included on the platform, which is not surprising given that the owner of Twitter, Elon Musk, is a major proponent of DOGE.

Fans and users of DOGE were previously concerned when DOGE was not included in the initial launch, but they can now relax as it has been added. SHIB and DOGE share similarities, as they are both emblazoned with variations of the Shiba Inu dog meme and have experienced a significant rise in popularity