Damus, a so-called “Twitter killer” built on a decentralized network has been approved on the Apple App Store. The Damus team confirmed the approval to its 11,500 Twitter followers on Jan. 31, following what it claims was at least three rejections from the Big Tech player. Shortly after, Twitter co-founder and Nostr contributor Jack Dorsey shared the news with his 6.5 million followers, with the entrepreneur labeling it as a “milestone” moment for open source protocols: a milestone for open protocols...#nostr is now officially on the Apple App Store with @damusapp:https://t.co/GQmvPE5nfX — jack (@jack) January 31, 2023 The app dubs …

Bitcoin (BTC) had a rough year all throughout 2022. But fresh on-chain and futures market data show positive signs that the leading cryptocurrency by market capitalization has started to recover. After a bevy of short liquidations, the futures market is pointing toward renewed equilibrium. According to data from Glassnode, short position liquidations cleared out unhealthy market speculators, on-chain and exchange data now point to an improving spot market and exchange netflows. A large group of investors that were previously at a loss is now back in the category that Glassnode analysts label as “unrealized profits.” Massive short liquidations set the …

The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as buyers started to play catch up. The improving macroeconomic conditions, such as reduced inflation and a stable job sector in the United States, provided additional tailwinds for the positive rally. Bitcoin (BTC) is en route to its most impressive closing for January since 2013. Its price has gained 40% year-to-date from the opening value of $16,530. Another important catalyst for …

This week on The Market Report, the resident experts at Cointelegraph discuss Bitcoin’s (BTC) impressive January rally and whether there are any indicators that suggest it could continue in February. We start off this week’s show with the latest news in the markets: Best January since 2013? 5 things to know in Bitcoin this week After sealing its highest weekly close in almost six months, BTC/USD remains over 40% up year-to-date, with the monthly close just 48 hours away — can the gains hold? Throughout, concerns have called for an imminent come-down, and even new macro BTC price lows as …

Bitcoin (BTC) rose above $23,000 into the Jan. 31 Wall Street open as markets braced for a fresh macroeconomic reckoning. Trader: $25,000 "best case" for BTC/USD Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining around 1% in a single hourly candle before the start of trading, overcoming resistance in place overnight. With hours to go until the monthly close, the pair remained around $800 short of its weekend highs, which at $23,950 marked Bitcoin’s strongest performance since mid-2022. Inspecting the status quo, however, traders were unconvinced that the largest cryptocurrency would produce further gains in February. January, had …

According to a filing with the United States Securities and Exchange Commission on Jan. 31, electric vehicle manufacturer Tesla disclosed that it recorded a $204 million gross impairment loss during 2022 on its Bitcoin (BTC) holdings. Simultaneously, Tesla recorded a gain of $64 million from converting BTC into fiat currency at various points during the year, resulting in a net loss of $140 million from its cryptocurrency trading activities. The filing further explained the impact of volatile crypto prices on Tesla's bottom line: "Digital assets are considered indefinite-lived intangible assets under applicable accounting rules. Accordingly, any decrease in their fair …

Cointelegraph Markets Pro gives members access to multiple strategies for finding weekly crypto winners. This article outlines how to use two overlooked indicators that, based on historical data, have been able to alert traders to massive potential price increases. These indicators can also be indispensable tools for asset discovery. When these indicators are abnormally high, they warrant a closer look at the featured assets to investigate the reasons behind the abnormal volume dynamics. Before diving in, it’s important to understand this point: Cointelegraph Markets Pro is made up of multiple, real-time, AI-driven indicators, that provide members multiple opportunities to get …

Bitcoin (BTC) is rapidly regaining its lost dominance in the crypto market so far into 2023. On Jan. 30, Bitcoin accounted for 44.82% of the total crypto market capitalization, the highest since June 2022. In September 2022, Bitcoin's dominance index was as low as 38.84%. The index typically rises when most crypto investors reduce their exposure to smaller tokens and seek safety in Bitcoin. The reasons include Bitcoin's better liquidity and lower volatility than alternative cryptocurrencies, or altcoins, primarily in a bear market. Bitcoin's market dominance to grow further? As of Jan. 31, Bitcoin is up 38% year-to-date (YTD) at …

Bitcoin documentaries play an important role in educating and informing the public about the cryptocurrency space. They can help to demystify complex concepts and technology, making them more accessible to a wider audience. Additionally, documentaries can provide a historical perspective on the development of Bitcoin (BTC) and the cryptocurrency industry, helping to contextualize current events and trends. By highlighting the potential benefits and drawbacks of Bitcoin and other cryptocurrencies, documentaries can also contribute to public discourse and decision-making. They can also help to raise awareness of issues, such as financial inclusion, privacy and security, which are vital considerations for the …

With 2022 in the past now, many crypto users hope the FTX crisis will also remain a mere bitter memory from last year. While the effects of the crash of one of the biggest CEXs in the crypto industry are still rippling through the space, one platform is taking bold steps to ensure the security of its customers’ funds. Gracy Chen, managing director of Bitget shares her views and tips on making it through the crypto bear market. Q: How does Bitget ensure the security of customer assets? Bitget always strives to provide a secure, one-stop trading solution for users. …

Bitcoin (BTC) mining company Greenidge Generation has significantly reduced its debt with the investment management firm, New York Digital Investment Group (NYDIG). On Jan. 30, Greenidge entered into several agreements associated with its secured debt with NYDIG, transferring ownership of Bitcoin mining hardware and certain credits to NYDIG. The transaction reduced the principal and accrued interest balance of debt with NYDIG from about $76 million to roughly $17 million, resulting in total aggregate debt reduction of around $59 million. One of the agreements, the senior secured loan agreement, also enables an opportunity for a voluntary prepayment of the loan by …

Bitcoin (BTC) swapped bullish gains for chop into Jan. 31 as the end of the month saw nervous price action. $46 million of longs liquidated Data from Cointelegraph Markets Pro and TradingView tracked a less confident BTC/USD as it briefly wicked to just above $22,500 on Bitstamp overnight. A rebound saw the pair flip $23,000 to short-term resistance, and was still trading below that level at the time of writing. The stakes remained high for traders both long and short with the monthly close just hours away. This was to be followed by interest rate decisions from the United States …