Whales Bag 500 Million Dogecoin – Will DOGE Hit $0.1 Mark?

Meme coin forerunner, Dogecoin, opens the week with a new rally amid Robinhood’s support. Reports reveal that several whales jumped on the positive market sentiment to accumulate massive amounts of DOGE, triggering a 5% rally in the last day. The mobile wallet application would allow users to trade and send cryptocurrencies and NFTs. ...

Bitcoin derivatives data shows room for BTC price to move higher this week

This week Bitcoin rallied to a 2023 high at $23,100. The move followed a notable recovery in traditional markets, especially the tech-heavy Nasdaq Composite Index, which gained 2.9% on Jan. 20. Some analysts have pegged Bitcoin's gains to Digital Currency Group filing for Chapter 11 bankruptcy protection. ...

Bitcoin price surge: Breakthrough or bull trap? Pundits weigh in

Bitcoin (BTC) experienced a strong price pump to kick off the new year. Many industry pundits are not convinced the cryptocurrency will continue its upward trajectory. The impressive price surge has called on many to consider whether the surge marks a significant “breakthrough” or is indicative of a “bull trap” ...

South Africa adds new cryptocurrency standards to advertising code

South Africa’s Advertising Regulatory Board (ARB) has included a new clause for the cryptocurrency industry aimed at protecting consumers from unethical advertising. Adverts must ‘expressly and clearly’ state that investments may result in the loss of capital ‘as the value is variable and can go up as well as down' ...

BTC metrics exit capitulation — 5 things to know in Bitcoin this week

Despite opposition, the largest cryptocurrency is holding on to its newfound strength. At its latest weekly candle close, BTC/USD traded at just above $22,700, marking its best performance since last summer. Macro conditions remain uncertain, while within Bitcoin, research has highlighted whales on exchanges potentially moving prices artificially with huge amounts of liquidity. ...

Coinbase CEO urges Bitcoin legal tender for Brazil, Argentina — Reaction

Brazil and Argentina announced they are starting to prepare to create a common currency. The move could potentially create the second-largest currency bloc in the world. Bitcoin CEO Brian Armstrong suggested the two countries move to Bitcoin. Armstrong's suggestion may be based on El Salvador, another Latin American country, recognizing BTC as a legal tender. ...