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Mode, a UK-based cryptocurrency startup, has asked its customers to take their money out of the app as it starts to shut down. The company said on Twitter that it would stop offering its services because it couldn’t get enough money to keep going, and the market was challenging. Yesterday we announced that due to unsuccessful funding and difficult market conditions, Mode will be winding down its services. As a result of this, we kindly ask customers to move their funds from the app. After you remove your funds, we will close your account automatically. — Mode (@modeapp_) January 27, 2023 Mode’s last $2 million came from selling convertible loan notes in July 2022, after the company’s good results for 2021 were made public. In 2021, the number of people using Mode grew by 261%, and 70% of the people who bought things from Mode did so again. Compared to the same time in 2020, the number of trades had also increased by 732%. Rita Liu, the ...

Bitcoin was hovering close to $25,000 on Feb. 20, as cryptocurrency markets traded close to recent highs. Markets started the week partially in the green, ahead of a key week of economic data. The United States FOMC (Federal Open Market Committee) will release its latest minutes on Wednesday, followed by U.S. gross domestic product data on Thursday. Ethereum continues to trade above $1,700 today. Bitcoin Bitcoin (BTC) remained close to the $25,000 level to start the week, as market sentiment shifted towards bulls. Following a high of $25,093.06 on Sunday, BTC/USD is currently trading at $24,909.03 at the time of writing. Monday’s move comes as prices bounced from a recent support point at $24,200, and now appear to be on course for a ceiling $1,000 away. BTC/USD – Daily Chart Overall, the catalyst of this surge appears to be the 10-day (red) moving average, which crossed its 25-day (blue) counterpart over the weekend, in a move known as a “death cross.”...

Monetizing digital art with NFTs provides proof of ownership, increased value and potential for royalties. Nonfungible tokens (NFTs) offer a new way to sell and distribute digital art, and they have the potential to unlock new revenue streams for artists in the digital age. Here are five ways to monetize your digital art with NFTs. Fractionalized ownership This involves splitting the ownership of an artwork into smaller parts and selling them as tokens, allowing multiple investors to own a stake in the artwork. For example, an artist can create 100 tokens for a piece of art and sell them to 100 different buyers, each of whom owns a share of the artwork. Related: How do you assess the value of an NFT? Dynamic NFTs Dynamic NFTs are a type of NFT that changes over time, creating a unique and evolving experience for the owner. Dynamic NFTs can use external data sources to update the artwork, such as social media feeds or actual occurrences.  For example, “The Eternal Pump” is a dynamic NF...

A cartoon version of the Arnold brothers recounts how they went from struggling to break into the film industry in L.A. to building Altcoin Daily, a platform with millions of crypto enthusiasts. In the latest Crypto Stories episode by Cointelegraph, Aaron and Austin Arnold share their journey of creating 'Altcoin Daily,' a crypto content platform that has amassed millions of subscribers across various platform s. Earlier in life, Aaron spent his childhood dreaming of becoming a veterinarian, and then an actor, and then a filmmaker. Dreams of breaking into the filmmaking industry led the brothers to Los Angeles, where they struggled to get into entertainment.  While struggling, Aaron spent many sleepless nights contemplating purpose and how he could help make a difference in other people's lives. One day, while going to a comedy show, an Uber driver told Aaron how he went 3x on an altcoin called Filecoin. Inspired by his conversation with his Uber driver, Aaron decided ...

Famous actor Keanu Reeves says dismissing crypto or criticizing its volatility will only “make it better in terms of how it’s safeguarded.” The Matrix star added that the principle and ideas behind an independent currency are “amazing.” Keanu Reeves Praises Crypto Famous actor Keanu Reeves talked about cryptocurrency in an interview with Wired, published Tuesday. The Matrix and John Wick star opined: I think the principle, the ideas behind an independent currency are amazing. These are amazing tools for exchanges and distribution of resources. “So, to pooh-pooh crypto, or the volatility of cryptocurrency, it’s only going to make it better in terms of how it’s safeguarded,” he added without providing further details. The Hollywood star previously revealed that he owned cryptocurrency. “A friend of mine bought some for me a while back,” he said in December 2021, adding that he had not done anything with it. Reeves, NF...

The cryptocurrency market cap has added over $100 billion in just the past day. From $1 trillion, the aggregate valuation of all the assets in the market surpassed the $1.12 trillion threshold on Thursday. Bitcoin, the largest cryptocurrency, has risen by more than 11% over the past day. Thanks to the rally, BTC has been trading at $24.6k, a level last seen in August 2022. As shown below, the asset has now completed a full P&L cycle over the past six months. BTC/USDT by TradingView Also Read: Elon Musk Announces Dogecoin’s Shiba Inu Dog as the New CEO of Twitter Bitcoin Q1 Price Forecast Well, at this stage, bullish predictions have already started getting renewed. Talking at a Bank of America Corp. conference recently, Chief Executive Officer and Founder of Galaxy Digital Holdings Ltd, Mike Novogratz opined that Bitcoin could hit the $30k mark by the end of this quarter. Elaborating on the same, he said, “When I look at the price action, when I lo...

Join Our Telegram channel to stay up to date on breaking news coverage Lido DAO price has been on an uptrend since the start of the New Year, rising 181% to the current level at $2.65. The liquidity staking token is up 9.97% on the day, days after the team launched Lido V2. This has sparked the interest of investors in LDO who are optimistic that the latest developments may scale the price higher.  Lido V2 Launch Fuels LDO Price The launch of the second biggest software upgrade on the Lido protocol provides the tailwinds required to seal LDO’s uptrend. According to Lido protocol technical contributors, Lido V2 is designed to push decentralization to the next level. Lido V2 is centered around two major upgrades: 1) Staking Router: A new modular architecture that allows anyone (incl. solo stakers) to become a Node Operator. 2) Withdrawals: An upgrade allowing stETH holders to withdraw directly from the Beacon Chain.https://t.co/SDxlxCgMNq — Lido (@LidoFinan...

The VeChain network has hit an impressive milestone, as its ecosystem continues its impressive development in the last year. The network has now surpassed 2 million known addressees and has facilitated over 20,000 contracts. The protocols ecosystem has also noted a rather impressive spike in daily transactions according to Crypto News Flash. Subsequently attributed to the ecosystem’s Fortune 500 blockchain adoption. 🚨2 Million Known Addresses🚨 We reached a significant milestone in the # VeChain ecosystem today! With the introduction of the innovative wallet, HiVe, and a solid roadmap, I anticipate exponential growth in the future! Source: https://t.co/3w98fp3WGR pic.twitter.com/x0e1vdju6U — VetMaik (@VetMaik) February 10, 2023 VeChain Continues Impressive Development The VeChain protocol is a smart contract network that has become one of the fastest-growing in the industry. The technology behind the VeChain Foundation protocol is seeking to...

Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees Increased Redemption Activity During Regulatory Scrutiny The stablecoin BUSD is experiencing increased activity on Monday as the third largest stablecoin by market capitalization has seen 286,720,127 BUSD redeemed in approximately eight hours. The increased activity began the previous day, when reports claimed the U.S. Securities and Exchange Commission (SEC) had sent Paxos a Wells Notice regarding potential charges. Earlier reports also claimed the New York Department of Financial Services (NYDFS) was investigating Paxos. The following day, Paxos published a press release stating that it was cooperating with the New York Department of Financial Services (NYDFS) and would cease minting BUSD. The c...

Join Our Telegram channel to stay up to date on breaking news coverage California has jumped back onto the regulation bandwagon after the Consumer Federation of California (CFC) took another stab towards regulating crypto companies, according to an official press release . #California Passes Bill To Regulate And License #Crypto Firms https://t.co/rmsGcYGspr#regulation #cryptoregulation #california — Crypto Daily™ (@cryptodailyuk) September 1, 2022 Protecting Californians From Scams The crypto sector has experienced notable growth over the years, but the progress has been impeded by negative behaviors by scammers and bad actors who engage in operations such as insider trading and other ill behaviors in the market. These activities cause consumers to suffer from financial insecurity, which fuels a lack of confidence in crypto-related activities, and, ultimately, annual losses reaching billions of dollars. Initially, Assembly member Timothy Grayson(D-Concord) i...

The IMF has suggested that El Salvador “reconsider” its plans for Bitcoin, following a recent visit to the country. El Salvador has been advised to exercise caution in expanding government exposure to Bitcoin (BTC) due to the “speculative nature” of crypto markets by the global monetary watchdog. A Feb. 10 statement from the International Monetary Fund (IMF) emphasized that Bitcoin’s risks in El Salvador have “not materialized” yet due to its “limited” use so far, after IMF staff visited the country last week. It was suggested that El Salvador address these risks as Bitcoin’s use “could grow” given it has been recognised as legal tender in the country since Sept. 2021. El Salvador was warned to re-evaluate its plan to increase government exposure to Bitcoin due to both legal and financial dangers. The statemen noted: “Given the legal risks, fiscal fragility and largely speculative nature of crypto markets, the authorities should reconsider their plans to expand government exposures to...

Kraken has put an end to staking as a service and Coinbse could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL? The United States Securities and Exchange Commission (SEC) is ramping up pressure on the crypto sector. On Feb. 9, the SEC reached a $30 million settlement with Kraken over the centralized staking program offered to its users. The news of the crackdown sent Bitcoin (BTC) price to a 3-week low as investors became fearful of the regulatory enforcement. On the news, Ether's (ETH) price also corrected, cementing the token’s worst-performing day of 2023. While the overall crypto market was down after the SEC announcement, bright spots arose with decentralized liquid staking tokens Lido (LDO) and Rocketpool (RPL) and Frax (FXS) quickly rebounding from their sharp corrections. According to crypto-Twitter analyst Korpi, Kraken and Coinbase represent 33% of all staked Ether, and if US-based centralized exchanges are “forced” to cease offe...

Join Our Telegram channel to stay up to date on breaking news coverage If you want to discover blockchain games that can generate massive profits, here is a list of the greatest P2E crypto games and their advantages. Play-to-Earn crypto games are fun and rewarding, the following list of P2E crypto coins offer exciting and profitable opportunities for investors to buy in for 2023. RobotEra Next Big P2E Metaverse Game RobotEra is being hailed as the upcoming great decentralized metaverse success story. The metaverse has the potential to radically alter how humans interact with technology, as well as how they interact with one another and their outer world. RobotEra is an upcoming robot-themed gaming metaverse that promises to merge Play-to-Earn and PVP games within its interactive realm. Users of RobotEra can create their own worlds within this virtual space, engage in social interaction through a variety of games, and earn money by collecting resources from the lands they exp...

Join Our Telegram channel to stay up to date on breaking news coverage The most populous of the seven emirates of the UAE, Dubai, recently brought a set of rules for crypto that was initially praised for obligating crypto firms to seek licenses from a crypto-specific regulatory body in order to operate within its territory. However, upon further inspection, it was revealed that the rules also prohibit the use of privacy coins in the region. Privacy coins, like Monero (XMR), Zcash (ZEC), and others, are known for using advanced technologies that allow crypto users to move money anonymously. While all other cryptocurrencies are purely pseudonymous, these ones still allow users to hide their identity when transferring funds, which is now banned in Dubai. BREAKING: DUBAI PROHIBITS PRIVACY COINS LIKE $ZEC AND $XMR pic.twitter.com/rebZqMUeho — DEGEN NEWS 🗞️ (@DegenerateNews) February 8, 2023 The region prohibit s all activities related to privacy coins , inc...