Bitcoin Jumps 1.4% as Whales Accumulate and Early Bull Phase Sets In

• Bitcoin (BTC) is currently trading 1.4% up at a price of $23,050, with a market cap of $443 billion.
• CryptoQuant CEO Ki Young Ju believes that Bitcoin has entered an early bull phase, and the selling pressure is unlikely to resume since no one would want to sell at these levels at a loss.
• Aptos led the rally in altcoin space jumping by more than 40% in a day amid huge whale accumulation.

The world’s largest cryptocurrency Bitcoin (BTC) has seen a price increase of 1.4% in the last 24 hours, with a current price of $23,050 and a market cap of $443 billion. This price increase has been supported by the buying interest of whales, who have been holding onto their Bitcoin supplies despite the recent rally.

CryptoQuant CEO Ki Young Ju noted that this price increase has signaled the beginning of an early bull phase. He added that the selling pressure is likely to remain low as no one would want to sell at these levels and incur a loss. On-chain PnL-related indicators such as the MVRV ratio have also suggested that most investors are still underwater.

In terms of altcoins, Aptos has led the rally, with its price increasing by more than 40% in a day due to huge whale accumulation. This has been followed by other altcoins, such as Bitcoin Cash (BCH) and Litecoin (LTC), which have both seen an increase of 3.3% and 5.1% respectively.

Despite the possibility of further bankruptcies, M&As and capitulations in the following months, the on-chain indicators suggest that Bitcoin whales are likely to remain in the market and keep supporting the rally. This, coupled with the low selling pressure, could lead to further price increases in the near future.

Logitech Reports 22% Decline in Q3 Sales, Revises Outlook

• Logitech reported a 22% decline in its Q3 2023 sales revenue.
• The Swiss-American computer mice maker reported a 16% and 10% decline in gaming and video collaboration sales, respectively.
• Non-GAAP operating income slid 32% to $204 million.

Logitech International SA (NASDAQ: LOGI) recently posted their Q3 2023 earnings report, showing a significant drop in quarterly sales. The Swiss-American computer mice maker saw a 22% decline in revenue and a 16% and 10% decline in gaming and video collaboration sales respectively. This underperformance was particularly stark in comparison to the company’s preliminary results, highlighting a stall in customer purchases amidst economic worries.

Logitech’s reported revenue of $1.27 billion also fell short of expectations by $50 million, and their Non-GAAP operating income plummeted 32% to $204 million in comparison to the year-ago quarter’s figure of $302 million. In light of this, Logitech has revised its full-year sales outlook downward.

Despite the lacklustre performance, Logitech’s cash and cash equivalents still remain strong at $898 million. In addition, the company also made headway with its restructuring program, with the company having achieved $140 million in savings in the quarter. Furthermore, Logitech also announced a 2-for-1 stock split which will become effective on October 1, 2023.

Logitech is confident that the steps taken to optimize their business will help drive profitability and long-term growth. The company also remains focused on its core markets and is investing in areas of strength and potential. Logitech CEO Bracken Darrell stated, “We are committed to our strategic direction and are taking the right steps to optimize our business, drive profitability and long-term growth.”

Unlock Your Potential at Next Block Expo 2023: Network, Connect & Explore!

• Next Block Expo is a networking opportunity for the European blockchain community to be held in Warsaw on May 24th & 25th, 2023.
• Attendees will have access to a smart-networking app which will help them connect with other participants, find key information, create their own agendas, and learn about special offers.
• NBX Pitch Arena will give startups from all sectors, project stages and countries the opportunity to present their projects to other attendees.

Next Block Expo is a revolutionary event for the European blockchain community, to be held in Warsaw on May 24th & 25th, 2023. Hosted by the Next Block Expo organization, the event will bring together industry leaders and experts to discuss the latest developments and trends in the fields of DeFi, Metaverse, NFT, Gaming, Privacy, Scaling, Exchanges, Venture Capital, Fundraising, Legal/ Tax, Payments, and Security.

Attendees at the Next Block Expo will have access to a smart-networking app that will help them connect, find key information, create their own agendas and learn about special offers. The app will offer a list of attendees based on a match-making algorithm, so users can easily find people they want to connect with. Additionally, they will be able to chat and schedule one-on-one meetings with other conference participants.

Event partners will be able to create their project’s dedicated landing page and present themselves to all participants. One of the key features of the Next Block Expo is the NBX Pitch Arena – a dedicated stage where startups from all sectors, project stages & countries are invited to present their projects to attendees.

The Next Block Expo is an excellent opportunity for startups and already established blockchain companies to discuss current challenges and new opportunities. With presentations and keynotes at the main stage, roundtables and workshops, NBX is the perfect platform to connect, learn and network with the best in the industry.

The event promises to be a great experience for both attendees and event partners. Those interested in the event can get tickets at the Next Block Expo website.

Netflix Sees Massive Subscriber Growth in Q4, Reed Hastings Steps Down

• Netflix (NASDAQ: NFLX) saw a massive addition to its subscribers in Q4, exceeding Wall Street’s expectations with 7.66 million paid subscribers.
• The significant additional Netflix subscribers in Q4 increased the company’s shares by 6%.
• Co-founder Reed Hastings is stepping down as the CEO, while Netflix missed its earnings per share (EPS) coming in at 12 cents, nearly X4 less than the 45 cents prediction.

Netflix, a production company listed on the NASDAQ as NFLX, has seen a massive addition to its subscribers in the fourth quarter, far exceeding Wall Street’s expectations. With 7.66 million paid subscribers gained in Q4, the company’s stock price has increased by 6%. This significant additional Netflix subscribers in the fourth quarter has also led to the announcement of the co-founder of the company, Reed Hastings, stepping down from the role of CEO.

The company’s financial results for the fourth quarter saw the addition of the much anticipated „Basic with Ads“ tier in the US. This subscription service costs $6.99 per month and allows users to watch up to one hour of Netflix content with commercials every 15 minutes. This is the first time the new tier has been included in the company’s earnings, and it has already seen a lot of success.

Unfortunately, while the company saw a large surge in subscriber numbers, it did not meet its earnings per share (EPS) expectation. The EPS came in at 12 cents, which was almost four times less than the predicted 45 cents. Despite this, the company still saw a 7.12% increase in after-hours trading and a 9.05% increase in the last three months.

Netflix has been a leader in the streaming industry for quite some time, and its success in Q4 is a testament to that. While the company’s EPS was lower than expected, the boost in subscribers is a great sign for the future of the company. With the departure of Reed Hastings as CEO, it will be interesting to see how the company progresses over the coming months and years.

Fuel Your Crypto Portfolio With Six Profitable Tokens!

• Cryptocurrencies have become an integral part of the global financial landscape, opening up investment opportunities and facilitating international payments.
• Six tokens – Big Eyes Coin (BIG), Cardano (ADA), Zcash (ZEC), Monero (XMR), Polygon (MATIC), and Decentraland (MANA) – are particularly profitable and can fuel your crypto portfolio.
• Cardano is a secure and efficient blockchain project, using a Proof-of-Stake (PoS) consensus mechanism to provide rewards to users who stake ADA, its native asset.

Cryptocurrencies have drastically changed the way people interact within the global financial landscape. In the past, making international payments was time-consuming and expensive for the average person. However, with the advent of cryptocurrencies, users can now transfer funds across the globe quickly, securely, and cheaply.

Moreover, the cryptocurrency market has opened up a variety of investment opportunities, allowing users to generate income from the comfort of their homes. Out of the many tokens available, six projects have emerged as particularly profitable and can fuel your crypto portfolio. These are Big Eyes Coin (BIG), Cardano (ADA), Zcash (ZEC), Monero (XMR), Polygon (MATIC), and Decentraland (MANA).

Big Eyes Coin (BIG) is a decentralized platform that focuses on the gaming industry. It has a 200% bonus code, which fuels the interest of the fans. BIG has a market value of $2.2 billion, with its current price of $0.098. The token has been on the rise lately, and it’s expected to reach its all-time high of $0.134 soon.

Cardano (ADA) is a well-optimized evidence-based blockchain project. It is extremely efficient and secure, and it contains all the features needed to satisfy developers. It uses a Proof-of-Stake (PoS) consensus mechanism, which rewards users for staking ADA, the project’s native asset. The market value of ADA is currently $14 billion, and its price is currently sitting at $1 due to the crypto winter effect. It is expected to rise again and reach its all-time high of $2.4 soon.

Zcash (ZEC) is a privacy-focused cryptocurrency, which enables users to send and receive funds anonymously. Its underlying technology is based on zero-knowledge cryptography, which provides full anonymity to users. ZEC has a market value of $6.1 billion, and its current price is $182. However, the token is expected to rise again soon and reach its all-time high of $636.

Monero (XMR) is a privacy-focused cryptocurrency that focuses on decentralization, open-source, and fungibility. It uses ring signatures and stealth addresses to provide complete anonymity to users. The market value of XMR is $7.3 billion, and its current price is $169. It is expected to reach its all-time high of $495 soon.

Polygon (MATIC) is a blockchain scaling solution. It leverages the Ethereum network to provide fast and low-cost transactions. MATIC’s market value is currently $12 billion, and its price is $0.38. It is expected to reach its all-time high of $2.4 soon.

Decentraland (MANA) is a virtual world powered by blockchain technology. It allows users to create and explore virtual worlds, collect digital assets, and play games. MANA’s market value is currently $2.9 billion, and its price is $0.13. It is expected to reach its all-time high of $0.87 soon.

These six tokens can help you fuel your crypto portfolio and make profits from the comfort of your home. Each of them has its own advantages, and depending on your preferences and budget, you can choose the token that best fits your needs.

(including spaces). EU Crypto Regulations Delayed Again: MiCA Vote Pushed To April

• The European Union (EU) postponed the final vote on its Markets in Crypto Assets regulation (MiCA) until April this year.
• The delay was due to a technical issue concerning the 400-page legal document not being translated into the Union’s official 24 languages.
• This marks the second delay in two months, and the initial delay was also due to translation issues.

The European Union (EU) has postponed the final vote on its Markets in Crypto Assets regulation (MiCA) until April this year. This marks the second delay in two months due to a technical issue concerning the 400-page legal document not being translated into the Union’s official 24 languages.

The MiCA is a highly anticipated crypto ruleset that will shape the regulations for cryptocurrency and digital assets in the EU. The ruling is necessary for the regulations to be legally binding and in compliance with the Union’s regulations.

The MiCA provides a number of legal guidelines and rules for crypto assets and exchanges, including digital wallet providers and cryptocurrency custodians. It also contains provisions for consumer protection and market integrity, as well as a framework for how crypto assets should be classified and regulated.

The Markets in Crypto Assets regulation rule book comes in an English Language draft. The supranational political and economic union of 27-member states requires the legal documents to be published in all its 24 official languages. This is why the final vote on the MiCA was delayed.

The initial delay in November 2022 that resulted in a deferment to early 2023 was also due to translation issues. This second delay in two months has caused some to worry that the full MiCA legislation may not be voted on until the end of the year.

However, some have expressed optimism that the MiCA could be passed by the end of April. This could be a major step forward for the EU digital asset industry, as the legislation would provide a framework for the regulation of crypto assets across the union.

The EU MiCA final vote will be a landmark moment for the cryptocurrency and digital asset industry, as it could open up the door for the regulation of crypto assets throughout the EU. It is expected that the final vote could take place in April, and many in the industry will be eagerly awaiting the results.

FTX Recovers $5.5B in Assets, Identifies $415M Crypto Hack

• FTX identified a $415 million crypto hack as part of the $5.5 billion worth of digital assets for recovery.
• The exchange has recovered $1.7 billion in cash and $3.5 billion in liquid crypto, in addition to $300 million in liquid securities.
• FTX is also looking to claw back $2.1 billion Binance repurchase payment in addition to the $415 million ‚hack‘ sum.

FTX, the embattled crypto exchange, has identified a massive $415 million crypto hack as part of the $5.5 billion worth of digital assets for recovery. This announcement was made by the exchange’s new CEO, John Ray III, who noted that it took extensive investigative efforts from the team to achieve this revelation.

The exchange has recovered $1.7 billion in cash and $3.5 billion in liquid crypto. In addition, the former second-largest crypto exchange in the world also recovered $300 million in liquid securities. This is a major step towards FTX’s goal of paying off its creditors.

In a statement, Ray noted that the team had made important progress in their efforts to maximize recoveries and that it had taken a Herculean investigative effort to uncover this information. He also stated that the team was committed to continuing their efforts to recover as much of the lost assets as possible.

In addition to the $415 million hack that FTX is trying to recover, the bankrupt company is also looking to claw back $2.1 billion Binance repurchase payment. This will come in addition to the $415 million ‚hack‘ sum.

The team at FTX is making every effort to recover as many of the lost assets as possible. They are also working on initiatives to ensure that customers and creditors are reimbursed for the losses they have incurred. The team is also exploring various options to ensure that the exchange can return to operations in the near future.

As the investigation continues, FTX is hoping that more of the lost assets can be recovered and that it can return to normal operations. The team is committed to working hard to make sure that the exchange can once again be a trusted and respected provider of digital asset services.

Decentraland’s MANA Token Surges 70%, Other Metaverse Tokens Follow

• Decentraland’s native token MANA recently experienced a 70% surge within the past week.
• Other notable gaming and metaverse tokens such as Gala Games and The Sandbox have also experienced marked rises in the last seven days.
• The digital currency changed hands at $0.67 as of press time.

Decentraland’s native token MANA has been on a roll since the end of December last year. After hitting a base of $0.284 at the end of December, the metaverse coin has seen a surge of 70% within the past week, with 14 out of the 16 days since then seeing an upswing. The digital currency has since changed hands at $0.67 as of press time, with an increase of 22% in the past 24 hours.

The surge of MANA is part of a broader trend of positive investor sentiment that is driving the broader crypto markets. This has been seen with smaller market cap digital currencies experiencing marked rises in recent weeks. Other notable gaming and metaverse tokens have seen their own surge in the last seven days, such as Gala Games (GALA) with a 30% increase, and The Sandbox’s SAND 32% surge.

The surge of MANA has been largely attributed to the improved macroeconomic metrics that have been seen in the recent weeks. This has created an atmosphere of optimism in the markets and has been a key driver in the positive performance of digital currencies. With the positive sentiment in the markets, it is likely that MANA’s surge will continue in the coming weeks.

Crypto Investing in 2023: 3 Coins to Watch Out For!

• Big Eyes Coin (BIG), Chainlink (LINK) and Polygon (MATIC) are three cryptocurrencies investors should consider for their portfolio in 2023.
• Big Eyes Coin runs on the Ethereum network and uses a proof-of-stake consensus mechanism, making it 99.9% more efficient than Bitcoin’s proof-of-work consensus mechanism.
• Chainlink (LINK) is an oracle network, providing blockchains access to real-world data, and Polygon (MATIC) is a Layer 2 scaling solution that allows developers to build and deploy their own decentralized applications on the Ethereum network.

The cryptocurrency market is constantly evolving and growing, with new coins and tokens popping up everyday. With so many options available, it can be difficult to know which ones to choose and which ones to avoid. However, there are a few coins and tokens that are seen as potential investments for the coming year and one of these is Big Eyes Coin (BIG).

Big Eyes Coin runs on the Ethereum network and uses a proof-of-stake consensus mechanism, which is 99.9% more efficient than Bitcoin’s proof-of-work consensus mechanism. This means that Big Eyes Coin requires significantly less electricity and produces far fewer carbon emissions. This makes it appealing to investors who are conscious about the environment, as well as those looking for a low-risk, energy-efficient cryptocurrency.

In addition to Big Eyes Coin, two other cryptocurrencies have been gaining traction in the market: Chainlink (LINK) and Polygon (MATIC). Chainlink is an oracle network, providing blockchains access to real-world data. This data is used to power the DeFi ecosystem, allowing users to access the information they need without having to go through a third-party system. Chainlink is seen as a major player in the cryptocurrency market, and its price is set to continue to rise.

The other cryptocurrency of note is Polygon, a Layer 2 scaling solution that allows developers to build and deploy their own decentralized applications on the Ethereum network. This layer 2 solution reduces transaction fees and speeds up the processing of transactions, making it popular among developers and users alike. Polygon also has a strong community that is actively working to improve the platform and its features.

In conclusion, Big Eyes Coin (BIG), Chainlink (LINK) and Polygon (MATIC) are all impressive cryptocurrencies that have the potential to offer investors a profitable return in the coming year. They all have their own unique characteristics and appeal, from energy efficiency to real-world data access, and can be a great addition to any portfolio. If you’re looking for low-risk investments with potential for growth, these three cryptocurrencies are definitely worth considering.

FTX Begins Sell-Off of Key Units, 117 Buyers Express Interest

• Judge John Dorsey has cleared FTX to sell four of its key units in order to raise funds to repay creditors.
• Interested buyers may officially begin to indicate their interests between January 18 and February 1.
• Court documents show that more than 117 buyers already have an interest in the sell-offs.

FTX, a former major force in the crypto industry, filed for bankruptcy in November 2020, hoping to raise enough funds to repay creditors. Bankruptcy judge John Dorsey has recently cleared FTX to sell four of its key units in its bid to raise the necessary funds. These units include FTX Europe, FTX Japan, its derivatives arm LedgerX, and Embed – its stock-clearing platform.

The sell-offs will be overseen by investment bank Perella Weinberg, and notices will be made available to the public within three working days. Additionally, interested buyers may officially begin to indicate their interests between January 18 and February 1. Court documents reveal that more than a hundred buyers have already expressed their interest in the sell-offs, with many more expected to join in within the given timeframe.

As the sell-off process begins, FTX is hoping to receive the best possible prices for its units. This will help to ensure that the creditors will be able to receive their due payments. FTX is also hopeful that the buyers that have already expressed interest in its units will be willing to commit to their offers and help to keep the process on track.

It remains to be seen whether FTX will be able to successfully raise enough funds to repay its creditors. However, with hundreds of buyers already interested in the sell-offs and the process now underway, the exchange is one step closer to achieving its goal.