Friday, January 20, 2023

India pushes for greater trade and energy links to boost Sri Lanka’s recovery

External affairs minister S Jaishankar said India is a reliable neighbour, a trustworthy partner and one who is prepared to go the extra mile when Sri Lanka feels the need India on Friday made a pitch for greater energy and trade links with Sri Lanka to drive the island country’s economic recovery, even as external affairs minister S Jaishankar emphasised the importance of fully implementing measures to protect the interests of the Indian-origin Tamil minority. During Jaishankar’s meeting with President Ranil Wickremasinghe in Colombo, the two countries signed a memorandum of understanding on Indian grant assistance for community projects focused on education and health. Jaishankar also participated in the virtual inauguration of a dance academy and handing over of some 350 houses built with Indian aid. Jaishankar travelled to Colombo shortly after India became the first of the Sri Lanka’s creditors to back the country’s debt restructuring programme by sending financial assurances to the International Monetary Fund (IMF). China, India and Japan are the crisis-hit island country’s three main creditors. As China and India are not members of the Paris Club, it is essential for Sri Lanka to secure their financial assurances to get a bailout package from the IMF. At a joint media interaction with Sri Lanka’s foreign minister MUM Ali Sabry, Jaishankar said India will stand by Sri Lanka in its hour of need. “I would like to underline that India is a reliable neighbour, a trustworthy partner, one who is prepared to go the extra mile when Sri Lanka feels the need,” he said. Jaishankar pointed to the need to enhance links between the two countries in energy, trade and investment to boost Sri Lanka’s recovery from an unprecedented economic crisis. He noted that India extended $4 billion in terms of credit and roll-overs to help Sri Lanka get through the crisis, saying this was “an issue of ‘Neighbourhood First’”. “India will encourage greater investments in the Sri Lankan economy, especially in the core areas like energy, tourism and infrastructure. We count on the government of Sri Lanka to provide a more business-friendly environment to create a powerful pull factor,” he said. The use of rupee settlement for trade would be in the mutual interest of both countries, he added. Sri Lanka’s quest for energy security must “encompass the larger region” and Trincomalee can emerge as an energy hub, Jaishankar said. India is ready to be a reliable partner for such initiatives and the two sides have agreed in-principle on a renewable energy framework, he added. Last year, Sri Lanka signed a deal with a subsidiary of Indian Oil Corporation (IOC) for a long-gestating project to develop the Trincomalee oil tank farm, an 850-acre storage facility with a capacity of nearly one million tonnes. Jaishankar said the two sides can take more steps to make Sri Lanka’s tourism industry sustainable, such as strengthening connectivity, encouraging Indian tourists to make RuPay payments and utilising UPI. India is currently the largest source of tourist arrivals in Sri Lanka. He also brought up India’s long-standing demand for further measures to protect the interests of Sri Lanka’s Tamil minority. “India has always supported both the political and economic stability of Sri Lanka. The president briefed me on the question of political devolution and his thinking,” he said without giving details. He said he had shared with Wickremasinghe India’s “considered view that the full implementation of the 13th amendment and early conduct of provincial elections are critical”. He added, “Durable efforts towards reconciliation are in the interests of all sections in Sri Lanka. I also spoke of the need to pay special attention to the requirements of the Indian-origin Tamil community.” Jaishankar’s visit is also being seen as an opportunity to reset the relationship with Sri Lanka, which took a hit last year after Colombo allowed the Yuan Wang 5, a surveillance vessel of China’s People’s Liberation Army (PLA), to visit the Chinese-controlled Hambantota port for replenishment. Officials on both sides have acknowledged that the development created a trust deficit, especially at a time when India is locked in a border standoff with China. While China has dragged its feet on providing financial assurances for Sri Lanka’s debt restructuring programme, people familiar with the matter said India has been more forthcoming. Jaishankar said India believes Sri Lanka’s creditors “must take proactive steps to facilitate its recovery”. He added, “India decided not to wait on others but to do what we believe is right. We extended financing assurances to the IMF to clear the way for Sri Lanka to move forward. Our expectation is that this will not only strengthen Sri Lanka’s position but ensure that all bilateral creditors are dealt with equally.” Sabry emphasised India’s role in Sri Lanka’s recovery and said: “It is no exaggeration to say that it was for the most part due to the enormous support amounting to $4 billion worth of credit lines provided by India, for the import of essential goods as well as other in-kind humanitarian assistance, that we were able to regain some measure of economic and financial stability.”

Own 10 best camera phones on this amazon republic day sale

Introduction With the help of one or more built-in digital cameras, a phone is necessary for capturing photographs and videos. Its use makes sending and wirelessly receiving photos convenient, as smartphones are tinier than digital cameras. Moreover, you can carry it with you. On Amazon Republic Day Sale starting from 15th to 20th January, they bring massive discounts on products across categories on best camera phones. In addition, all the customers can access exclusive prices, bulk discounts, new launches and more. Product List Apple iPhone 13 is among one of the best camera phones, which has a display screen around 15.40 centimeters / 6.06 inches diagonally that is round at corners followed by a beautiful curved design that is within the standard rectangle. It consists of a dual 12MP camera system that contains advanced cameras. First is the primary camera that contain features like ƒ/1.6 aperture, Sensor‑shift optical image stabilization, Seven‑element lens, 100% Focus Pixels, the other camera is an Ultra-Wide camera that contain features like ƒ/2.4 aperture and 120° field of view, five‑element lens, True Tone flash with Slow Sync, Auto image stabilization. Specifications: Brand: Apple Product Dimensions: Width: 71.5 mm(2.82 inches), Height:146.7 mm(5.78 inches), Depth:7.65 mm(0.30 inches). Color available: Midnight, Blue, Red, Starlight, and Green Special Feature: Ceramic Shield, Front Glass back and aluminium design Finish Type: Black Pros Cons Responsive Display Minimal design changes. Smaller notch doesn't add much. The world's fastest smartphone chip. Exceptional durability. cellpic Apple iPhone 13 (512 GB) - Green 4.6(12,883) GET PRICE 2. Samsung Galaxy M33 5G (B09TWGDY4W) Samsung Galaxy M33 5G has Exynos 1280 Octa Core 2.4ghz 5nm Processor with 12 band support for a True 5G experience. It contains 16.72 centimetres (6.6-inch) LCD Display, FHD+ resolution, 1080x2400 pixels protected by Gorilla Glass 5. 2. Samsung Galaxy M33 5G have a Versatile Quad camera setup-50MP (F1.8)+ 5MP (F2.2/UW- 123 FOV) + 2MP (F2.4/Depth) + 2MP (F2.4/Macro) Quad Camera is 8MP (F1.8) and Front Camera Massive 6000 MAH Battery also have Memory, Storage & SIM, 6GB RAM and 128GB internal memory expandable up to 1TB. This mobile has three slot SIM 1 + SIM 2+ Micro SD. It has One UI 4 operating system, Intelligent Voice Focus, Power Cool Technology, Auto Data Switching and Connector type is a 3.5mm jack. Specifications: Brand: Samsung Product Dimensions: ‎0.9 x 16.5 x 7.7 cm Color: Mystique Green Special Feature: High resolution camera Noise Level: 59 dB Pros Cons Unique design. Lacks details compared to its primary sensor. Affordable price. cellpic36% OFF Samsung Galaxy M33 5G (Mystique Green, 6GB, 128GB Storage) | 6000mAh Battery | Upto 12GB RAM with RAM Plus | Travel Adapter to be Purchased Separately 4.1(22,931) ₹ 15,999 ₹ 24,999 BUY NOW 3. Samsung Galaxy S20 FE 5G (B08V9VMRQF) Samsung Galaxy S20 FE 5G has a 5G ready powered by Qualcomm Snapdragon 865 Octa-Core processor, dual SIM, 8GB RAM, 128GB internal memory expandable up to 1TB and Android 11.0 operating system. It has a Triple Rear Camera Setup including 12MP (Dual Pixel) OIS F1.8 Wide Rear Camera + 8MP OIS Tele Camera + 12MP Ultra-Wide and 32MP F2.2 Front Punch Hole Camera. This mobile has a 4500 mAh non-removable battery with Super-Fast Charging, Fingerprint sensor IP68 Rated, MicroSD Card Slot, Dual Nano Sim and Hybrid Sim Slot, 5G+5G Dual standby. Specifications: Brand: Samsung Product Dimensions: ‎0.84x7.45x15.98 cm Colour: Cloud Lavender, Cloud Navy Pros Cons Triple Rear Camera. Front camera does not have LED light flash. You get Handset, Non-removable Battery Included, Travel Adapter, USB Cable, user manual. cellpic60% OFF Samsung Galaxy S20 FE 5G (Cloud Lavender, 8GB RAM, 128GB Storage) with No Cost EMI & Additional Exchange Offers 4.2(28,211) ₹ 29,990 ₹ 74,999 BUY NOW 4. Samsung Galaxy M53 5G Samsung Galaxy M53 5G is installed with Segment Best 108MP Quad Camera Setup with Single Take, Object Eraser, and Photo Remaster features, MTK D900 Octa Core 2.4GHz 6nm Processor with 4x4 Mimo Band that supports a HyperFast 5G experience, Massive 5000 mAh Battery, Memory, Storage, 8GB RAM and 128GB internal memory expandable up to 1TB and One UI 4 operating. The mobile has a Super AMOLED Plus Display (6.7-inch), FHD resolution and 1080x2400 pixels with 120Hz Refresh Rate. Specifications: Brand: Samsung Product Dimensions: 0.7 x 7.7 x 16.5 cm Colour: Mystique Green Pros Cons High-quality display. No Charging Adaptor in Box. Good camera quality. cellpic26% OFF Samsung Galaxy M53 5G (Mystique Green, 8GB, 128GB Storage) | 108MP | sAmoled+ 120Hz | 16GB RAM with RAM Plus | Travel Adapter to be Purchased Separately 3.9(9,071) ₹ 25,999 ₹ 34,999 BUY NOW 5. OnePlus 10 Pro 5G OnePlus 10 Pro 5G have a 48MP Main Camera with Sony IMX 789 Lens (OIS enabled), 50MP Ultra-wide angle camera & 8MPTelephoto lens; 32MP Front (Selfie) Camera; Dual LED Flash with the features like Hasselblad Camera for Mobile, Nightscape, Ultra HDR, Smart Scene Recognition, different modes (Portrait, Pro, Panorama, Tilt-Shift, Long Exposure, 150° Wide angle, Dual-View Video, Movie and Xpan Mode), Filters, Super Stable, Video Video HDR, Video Portrait, Focus Tracking, Timelapse. It has a 6.7 Inches display; 120 Hz QHD+ Fluid AMOLED with LTPO; Resolution: 3216 x 1440 featuring Nature tone display, Video colour enhancer, Colour personalization and vision enhancement, Auto/Manual brightness, Screen colour temperature, Bright HDR video mode, Night Mode, Multi brightness colour calibration, Vibrant Colour Effect Pro, Ultra high-resolution video. Specifications: Brand: One Plus Product Dimensions: ‎7.4 x 0.9 x 16.3 cm Colour: Volcanic Black Special Feature: ‎Fingerprint Sensor Pros Cons Gorgeous AMOLED 120Hz screen Only 3 years of updates Battery easily lasts a day cellpic7% OFF OnePlus 10 Pro 5G (Volcanic Black, 8GB RAM, 128GB Storage) 4.2(5,470) ₹ 61,999 ₹ 66,999 BUY NOW 6. iPhone 14 Pro Max iPhone 14 Pro Max is an excellent phone with 17.00 cm (6.7 inches) Super Retina XDR a display featuring Always-On and Pro-Motion, a Main camera (48MP) for up to 4x more excellent resolution and has an action mode for smooth, steady, handheld videos. It has a Dynamic Island, a magical way to interact with iPhone, a cinematic mode now in 4K Dolby vision upto 30 fps, IOS operating system and a 5G cellular technology. Specifications: Brand: Apple Model Name: IPhone Colour: Gold, Deep Purple, Space Black and Silver Operating System: IOS Product Dimensions: 0.78 x 7.76 x 16.07 cm Pros Cons Major internal redesign for easier repairability. Minor upgrade over iPhone 13 Bright OLED screen, HDR10 and excellent color accuracy. Bright OLED screen, HDR10 and excellent color accuracy. Solid battery life. Loud stereo speakers, excellent output. cellpic3% OFF Apple iPhone 14 Pro Max 1TB Deep Purple 4.6(188) ₹ 183,990 ₹ 189,900 BUY NOW 7. Samsung Galaxy S22 Ultra 5G Samsung Galaxy S22 Ultra 5G comes with an embedded S Pen, gives you a comfortable experience similar to writing with a pen on paper, and you can turn quick notes into legible text and use Air Actions to control your phone remotely. Improved latency in Samsung Notes makes every pen strokefeel as natural as ink on paper and can convert those hastily written ideas into legible text. The mobile has a 5G Ready powered by Galaxy’s first 4nm processor that is fast and most powerful chip ever, a Dynamic AMOLED 2x display improves outdoor visibility with up to 1750 nits with 120Hz adaptive refresh rate keeps the scroll smooth, adjusting to what's on screen for an optimized view, the most advanced Pro-grade Camera, packing the power of a professional's kit in one handheld device that lets you make your nights epic with Night photography and USB type C connector. Specifications: Brand: Samsung Product Dimensions: ‎0.9 x 7.8 x 16.3 cm Colour: Phantom Black Special Feature: ‎Fast Charging Support, Wireless Charging Pros Pros Faster S Pen built in Less RAM than previous model Super bright display Cameras offer better low light performance

Nagaland Board class 10th and class 12th exam date sheet out at

Nagaland Board of School Education has released the HSLC and HSSLC examination date sheet. Nagaland Board of School Education has released the HSLCE (Class 10) and HSSLCE (Class 12) exam timetables. NBSE HSLC 2023 exam will be held from March 10 to March 22, and the Nagaland board HSSLC 2023 exam will be conducted between March 9 and March 31. Students can check the NBSE HSLC and HSSLC dates sheets on the official website at Along with the class 10th and class 12th date sheets, NBSE has released the class 11th date sheet. The HSLC or class 10th and HSSLC or class 12th examinations will be conducted from 9 am to 12 noon. The class 11th examination will be conducted from 1 pm to 4 pm. Nagaland Board class 10th and class 12th exam date sheet NBSE HSLC class 10th date sheet March 10, 2023 English March 13, 2023 Science March 15, 2023 Second Language March 17, 2023 Social Science March 20, 2023 Mathematics March 22, 2023 Sixth Subject Vocational Subjects NBSE HSSLC class 12th date sheet March 9, 2023 English March 11, 2023 Geography/ Entrepreneurship/ Music March 14, 2023 History/ Accountancy/ Physics March 16, 2023 Alternative English/ Hindi/ Bengali/ Tenyidie/ Sumi/ Ao/ Lotha March 18, 2023 Sociology/ Business Studies March 21, 2023 Political Science/Fundamentals of Business Mathematics/Chemistry March 23, 2023 Education/Psychology March 25, 2023 Economics/Biology March 27, 2023 Computer Science/ Informatics Practices March 29, 2023 Philosophy/ Financial Market Management/Mathematics March 31, 2023 Vocational Subjects ( 9 am to 1 pm) Information Technology Enabled Services/ Retail/Healthcare/ Beauty and Wellness/Electronics and Hardware/Tourism and Hospitality/Agriculture/Automotive)

SC protects filmmaker Leena Manimekalai from arrest over ‘Kaali’ poster

Leena Manimekalai recorded her statement in the court that she did not intend to hurt religious sentiments of anyone and that the depiction of Goddess Kaali was to show her in an inclusive sense The Supreme Court on Friday protected filmmaker Leena Manimekalai from arrest and other coercive processes in connection with multiple criminal cases lodged against her over a poster of her documentary film featuring a woman dressed as Goddess Kaali and smoking. The reprieve from a bench headed by Chief Justice of India Dhananjaya Y Chandrachud came even as Manimekalai recorded her statement in the court that she did not intend to hurt religious sentiments of anyone and that the depiction of the Goddess was to show her in an “inclusive sense”. The bench, which also included justice PS Narasimha, took the filmmaker’s statement on record and directed that she will not be subjected to any coercive process, including arrest in the wake of the first information reports (FIRs) registered against her over the poster. The court issued notices to the states of Delhi, Uttar Pradesh, Uttarakhand and Madhya Pradesh for clubbing of the FIRs pending there at one place. “List the petition on February 20, 2023. In the meantime no coercive steps shall be taken against petitioner either on basis of the FIRs as noted above or pursuant to any other FIR which may have been or will be lodged in relation to the same offence,” stated the court order. The bench further noted that there is a look out circular (LoC) issued by the Madhya Pradesh police against Manimekalai since she is a Canada-based filmmaker, and said that no action will be taken by the airport authorities regarding the LoC too. The order added: “Multiple FIRs in several states will be a matter of serious prejudice. We issue notice to have all FIRs consolidated at one place and then the petitioner will be at liberty to file a Section 482 CrPc plea.” Section 482 of the Criminal Procedure Code (CrPc) enables a person move the high court concerned for quashing of the FIRs. Advocate Kamini Jaiswal appeared for the filmmaker. The Madurai-born filmmaker shared the poster of ‘Kaali’ on the microblogging website, Twitter, in July 2022, and said the documentary was part of the ‘Rhythms of Canada’ segment at the Aga Khan Museum in Toronto. It triggered widespread fury on social media and prompted the Indian High Commission in Toronto to ask the authorities in Canada for removal of the posters. While Twitter pulled down the post, a flurry of FIRs were filed against her invoking Sections 153A (promoting enmity between different groups on the grounds of religion and doing acts prejudicial to maintenance of harmony) and 295A (deliberate and malicious acts intended to outrage religious feelings of any class by insulting its religion or religious beliefs) of the Indian Penal Code (IPC). ‘Kaali’ is a movie about Manimekalai in whose body goddess Kaali inhabits and roams around the city streets. In a scene, the goddess in her body shares a cigarette with a homeless man. “In rural Tamil Nadu, the state I come from, Kaali is believed to be a pagan goddess. She eats meat cooked in goat’s blood, drinks arrack, smokes beedi [cigarettes] and dances wild … that is the Kaali I had embodied for the film,” Manimekalai, who identifies herself as bisexual and atheist, said in an interview with the Guardian last year.

Ex-Sri Lanka cricketer Sanath Jayasuriya thanks Jaishankar. Find out why

Sri Lanka crisis: Jaishankar met President Ranil Wickremesinghe in Sri Lanka, after visiting Maldives as a part of his two-nation tour. Former Sri Lanka cricketer Sanath Jayasuriya thanked S Jaishankar, India's external affairs minister, who is on a two-day visit to the troubled island nation, after he encouraged Indians to visit in a bid to boost tourism and generate revenue to combat the economic crisis. "Many thanks to the visiting Indian foreign minister Dr S Jaishankar for encouraging Indian tourist(s) to come to Sri Lanka. Looking forward to working together in the future." Jaishankar, during his visit to Sri Lanka, met with the country's top leaders, including president Ranil Wickremesinghe. The minister was earlier in the Maldives. In his statement to the press in Colombo, Jaishankar said, "Tourism is the lifeblood of the Sri Lankan economy. I note Indian tourists are expressing positive sentiments for Sri Lanka in a very practical manner by coming here." "... but there are many more steps we can take to make this sustainable. Strengthening connectivity and promoting travel is therefore a very high priority for all of us." "Definitely, encouraging Indian tourists to make RuPay payments and utilise UPI would be most helpful in this regard," he added. Jaishankar also discussed bilateral relationships, people-to-people contacts, trade and investment ties with his Sri Lankan counterpart, Ali Sabry. "A good meeting with foreign minister Ali Sabry and other ministerial colleagues this evening in Colombo. Discussed India-Sri Lanka cooperation in infrastructure, connectivity, energy, industry and health," Jaishankar tweeted.

Recruitment process under our govt more streamlined, transparent: PM Modi

The prime minister had last year announced the 'Rozgar Mela' drive to give jobs to 10 lakh people and noted on Friday that several states where the BJP and its allies are in power have also been holding them. Prime Minister Narendra Modi asserted on Friday that his government had effected broad changes in the recruitment process by making it more streamlined and time-bound while boosting transparency and speed. Distributing 71,426 appointment letters to recruits in different government departments, Modi said the ongoing 'Rozgar Mela' exercises have become an identity of his government. This shows that it fulfils what it resolves to do, he added. The prime minister had last year announced the 'Rozgar Mela' drive to give jobs to 10 lakh people and noted on Friday that several states where the BJP and its allies are in power have also been holding them. More states will organise them soon, he said. Addressing the recruits, he asked them to resolve to serve people and said the mantra in the administrative system should be that the citizen is always right like it is noted in business that the consumer is always right. That is why employment in the government sector is called "government service" and not jobs, he said. The prime minister noted that a large number of recruits are from families where no one was in government service. A transparent and clear recruitment process awards people's merit and competence, he said. Modi said massive investment in the infrastructure sector has boosted employment and self-employment opportunities. When development growth takes place at a fast pace, self-employment opportunities also rise quickly, he added. The PMO had earlier said the 'Rozgar Mela' is a step towards fulfilment of Modi's commitment to accord highest priority to employment generation. The 'Rozgar Mela' is expected to act as a catalyst in further employment generation and provide meaningful opportunities to the youth for their empowerment and participation in national development, it added. The new recruits, selected from across the country, will join various positions under the central government like junior engineers, loco pilots, technicians, inspector, sub inspectors, constable, stenographer, junior accountant, grameen dak sevak, Income Tax inspectors, teachers, nurses, doctors, social security officers among others. The experience of newly inducted officials in learning from the 'Karmayogi Prarambh' module was also shared during the programme as Modi interacted with some of them. The module is an online orientation course for all new appointees in various government departments.

Anne-Marie to headline Supersonic’s comeback edition

The edition of the festival in Pune will also host artists such as Prateek Kuhad, DIVINE, Anuv Jain, and Farhan Akhtar It’s India calling for Rockabye fame singer Anne-Marie as she gets set to plug in the music chord at the upcoming EDM fest, Vh1 Supersonic, which is returning after two years since the coronavirus pandemic. The gig will mark pop singer Anne-Marie’s first performance in India as a solo artist. She rose to fame after being featured as the main vocalist on Clean Bandit‘s single Rockabye in 2016. Since then, she has found stability through her solo career. In fact, it is the first time for Nigerian singer-songwriter Chukwuka Ekweani, who goes by the stage name as CKay, known for Love Nwantiti. The comeback edition, which will be held in Pune from February 24-26, has a mix of international as well as homegrown artists. The electronic music festival is curated by DJ Nikhil Chinapa. The other artists expected to perform at the event include names such as Prateek Kuhad, rapper French Montana, Farhan Akhtar, Oaff and Savera, and Bob Moses. The multi-genre festival was last held in 2020, with artists such as Illenium, Chon, DIVINE, Diplo and Machine Gun Kelly performing at the fest. Akhtar is ready to surprise with his new Indie-English set. Sharing his excitement about performing at teh fest, he said in a statement, “As a singer-songwriter, there’s nothing more that I love than performing live for my fans, and Supersonic is the perfect stage for it. I’m so looking forward to sharing my music with everyone at the festival!” Talking about the lineup, Chinapa shared his thoughs in a statement. He said, “Our lineup reflects our own passion for dynamism and progress and includes artists that many will find exhilarating and unique”.

Amazon Republic Day Sale : Best cameras

The world is changing quickly; fear of missing out has become the trend, and people try to build memories in this fast-paced world. These memories can only be captured through a camera. Camera photos not only help us to retain nostalgia, but it also is vital for the newer generation to know the world. Modern cameras have developed lenses with many features to assist in photo and videography. But, of course, professional photographers and bloggers use these cameras, so the better the features, the costlier the device. But photography does not necessarily have to be pocket-pinching, so Amazon, through their Republic Day sale, is providing a chance to grab these cameras online at a discounted price. Read further to know more about the best 5 cameras on sale for Amazon’s customers. TOP 5 CAMERAS 1. Insta360 X3 This is one of the best pocket action cameras available. The insta360 X3 is designed for vloggers who do not have a team recording them around the clock. The camera can capture 360-degree video at 5.7 k resolution. The user can then choose which shot to use. It has developed a flow-state stabilisation mechanism that accounts for stable videos in addition to steady-cam mode. From action camera-style widescreen footage to unique effects like stop-motion, 'clone trail,' and 'fly lapse,' the insta360 X3's two fisheye lenses, 'invisible' selfie stick, and improved 'Shot Lab' templates can be combined to produce drastic effects throughout all video formats and can be used from the mobile app. Specifications Brand: Insta360 Camera Model: X3 Camera Type: Action Camera Screen Size: 2.29 Inches Colour: Black 2. GoPro The GoPro Hero11 Black is one of the best action cameras to buy, capturing 5.3K60 footage with outstanding stabilisation in a tough, waterproof design. Other features include: 5.3K60 and 4K120 video resolutions. A durable, waterproof design. Micro SD card support. Connectivity with GoPro's cloud service. The Hero11 Black features a rear touch screen, a front-facing colour LCD, and 10-bit colour sampling. Its sensor is approximately square, allowing it to extract vertical or horizontal frames from the same clips, and it now allows horizon levelling without using an additional lens. The metal frame is durable, and the camera can dive 33 feet without using an additional casing. Specifications Brand: GoPro Camera Model: Hero 11 Camera Type: Action Camera Screen Size: 1.4 Inches Colour: Black 3. SONY The Sony ZV E-10L is one of the best cameras for vlogging, stills and videography. The ZV-E10L also has a fully articulating screen, a microphone input and a headphone output. In addition, this Sony camera features USB-C tethering for direct streaming to a PC. It also has an adjustable selfie screen with touch functionality and 4K video capturing. The ZV-E10L captures oversampled 4K video at 24.2 megapixels and 30 frames per second. The ZV-E10L also has 1080/120p high-speed shooting capabilities and a unique time-lapse feature. In addition, it has electronic shake reduction and features like the bokeh effect and flexible connectivity. Specifications Brand: Sony Camera Model: Alpha ZV E-10l Camera Type: E-Mount Mirrorless Camera Screen Size: 3 Inches Colour: Black 4. Panasonic Lumix G7 The Panasonic Lumix G7 is a high-end camera with a 16-megapixel Micro Four Thirds sensor that produces excellent photos and even better 4k recordings. It also has an EVF, a varied-angle back LCD, several on-body controls, and built-in Wi-Fi. It has a thin body with sharp angles yet a deep handgrip. There's also a dedicated drive mode dial to the left of the viewfinder and a switch for single auto, continuous auto, and manual focus. The G7 also has a feature that allows you to change the focusing point while composing images with the viewfinder. Specifications Brand: Panasonic Camera Model: Lumix G7 Camera Type: Mirrorless Interchangeable Lens Camera Screen Size: 3 Inches Colour: Black 5. Canon EOS 1500D camera The CANON EOS 1500d camera is a beginner-friendly entry-level model. It comes with a corded remote, a Mini-USB connector, and a Mini-HDMI port. It sports a 3-inch TFT LCD with a resolution of 920K dots but no touch or swivel functionality. The optical viewfinder has a field of vision of 95%. A dedicated LED light at the bottom activates when the Wi-Fi connection is active. The Canon EOS 1500D features an APS-C sensor with a resolution of 24.1 megapixels. It has a Digic 4+ image processor, a native ISO range of 100-6400, a 3fps burst mode, and video recording at 1080p at 30fps. The ISO range for the 1500D is 100-6400. Specifications Brand: Canon Camera Model: Eos 1500d Camera Type: DSLR Screen Size: 3 Inches Colour: Black

Tuesday, January 17, 2023

Auditors' Work For Crypto Firms Under Scanner, Says US Securities Regulator

The U.S. Securities and Exchange Commission (SEC) is heightening the scrutiny of the work audit firms do for cryptocurrency companies, a senior official of the regulator told the Wall Street Journal today. "We're warning investors to be very wary of some of the claims that are being made by crypto companies," said Paul Munter, SEC's acting chief accountant in an interview with the journal. The SEC did not immediately respond to a Reuters request for comment on the report. The development comes as the implosion of FTX has rippled across the industry, hobbling liquidity at firms with exposure to what was once one of the world's biggest crypto exchanges, and has prompted investigations by regulators in several countries. Last month, FTX filed for U.S. bankruptcy protection and its founder Sam Bankman-Fried resigned as chief executive, after rival exchange Binance walked away from a proposed acquisition. Several crypto firms have since been bracing for a fallout from the FTX collapse, with many counting their exposure in millions to the beleaguered exchange.

FTX Customers File Lawsuit To Lay Claim To Assets

The lawsuit is the latest legal effort to lay claim to the dwindling assets of FTX, which is already feuding with liquidators in the Bahamas and Antigua as well as the bankruptcy estate of Blockfi, another failed crypto company. FTX customers filed a class action lawsuit against the failed crypto exchange and its former top executives including Sam Bankman-Fried on Tuesday, seeking a declaration that the company's holdings of digital assets belong to customers. The lawsuit is the latest legal effort to lay claim to the dwindling assets of FTX, which is already feuding with liquidators in the Bahamas and Antigua as well as the bankruptcy estate of Blockfi, another failed crypto company. FTX pledged to segregate customer accounts and instead allowed them to be misappropriated and therefore customers should be repaid first, according to the lawsuit filed in U.S. Bankruptcy Court in Delaware. "Customer class members should not have to stand in line along with secured or general unsecured creditors in these bankruptcy proceedings just to share in the diminished estate assets of the FTX Group and Alameda," said the complaint. FTX did not immediately respond to a request for comment. Bahamas-based FTX halted withdrawals last month and filed for bankruptcy after customers rushed to pull their holdings from what was once the second-largest cryptocurrency exchange after questions surfaced about its finances. Sam Bankman-Fried faces charges stemming from what a federal prosecutor called a "fraud of epic proportions" that included allegedly using customer funds to support his Alameda Research crypto trading platform. Sam Bankman-Fried has acknowledged risk-management failures at FTX but said he does not believe he has criminal liability. He has not yet entered a plea and was released on a $250 million bond last week that included restrictions on his travel. The proposed class, which wants to represent more than 1 million FTX customers in the United States and abroad, seeks a declaration that traceable customer assets are not FTX property. The customer class also wants the court to find specifically that property held at Alameda that is traceable to customers is not Alameda property, according to the complaint.

Customers, Banks Should Be Wary Of Risks From Crypto-Assets, Warn US Regulators

Washington: Risks such as fraud and scams, legal uncertainties, inaccurate or misleading representations and disclosures, and volatility is associated with crypto-assets and the participants and banking organizations should be aware of them, the US regulators warned in a joint statement. The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued the joint statement on Tuesday (local time). The joint statement, the first of its kind, also termed contagion risk within the crypto-asset sector, which may result from interconnections among certain crypto-asset participants as one of the concerns. "It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system," the joint statement by the US regulators said. The dramatic collapse of the trading platform FTX in 2022 has led to concern among regulators. Cryptocurrency involves risks and volatility but the market has attracted traders and investors looking to make quick profits. FTX was a high-profile crypto exchange and collapsed in November due to reported misappropriation of customer funds. The agencies are supervising banking organizations that may be exposed to risks stemming from the crypto-asset sector and carefully reviewing any proposals from banking organizations to engage in activities that involve crypto-assets," the statement said. Given the significant risks which got highlighted by the recent failures of several large crypto-asset companies, the statement said agencies continue to take a careful and cautious approach related to current or proposed crypto-asset-related activities and exposures at each banking organization. PromotedListen to the latest songs, only on However, it said banking organizations are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation. "Banking organizations should ensure appropriate risk.

Cryptoverse: Bitcoin Springs Back In 2023, Jumps 26% In January

Cryptoverse: Bitcoin Springs Back In 2023, Jumps 26% In January Researchers said investor bets on a rosier macroeconomic picture were driving a jump in riskier assets. Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting in on course for its best month since October 2021 - just before the Big Crypto Crash. Ether has also risen, by 29% this year, helping drive the value of the overall global cryptocurrency market above $1 trillion, according to CoinGecko. "After a rough year last year for cryptos, we are seeing a form of mean reversion," said Jake Gordon, analyst at Bespoke Investment Group, referring to the theory of asset prices returning to long-term averages. Researchers said investor bets on a rosier macroeconomic picture were driving a jump in riskier assets across the board. Few crypto tokens have benefited more than bonk, which was launched at the end of December on the Solana blockchain and had rocketed 5,000% by early January. It has since fallen back, though remains up 910% since the start of the year. It is the latest entrant to the hyper-volatile world of meme coins, cryptocurrencies inspired by online memes and jokes, and is modeled after the same grinning Shiba Inu dog as dogecoin - which itself was catapulted to fame by Elon Musk tweets. Bonk's a puppy, though. Even at its peak it was worth just $0.000004873759 with a market capitalization of about $205 million. Other meme tokens are also up, with dogecoin and Shiba Inu up 19% and 27% respectively in 2023. But buyers beware. "Investors need to be especially cautious when it comes to coins like doge, Shiba Inu and bonk," said Les Borsai, co-founder of digital assets services firm Wave Financial. "They fall just as hard as they surge." Nonetheless, some market players pointed to the relative cheapness of these tokens - doge is worth about eight cents - as a reason why speculators were willing to place bets on them. "Meme coins belong to crypto, it's part of the culture," said Martin Leinweber, digital assets product specialist at MarketVector Indexes. "It just takes a few lines of codes to create a meme token and if you have a community for it, people love that."

Thursday, January 12, 2023

A-Ads Review : Best Crypto Ad Platform

Are you looking for advertising with cryptos? Then, A-Ads is the perfect solution for your problem. This article will give you an honest and detailed A-Ads review and the steps to creating your first ad. So, let’s get started. A-Ads is a crypto-centric advertising network. The website was founded back in 2011 and is the first ad network running entirely on bitcoin. The network is encrypted and runs with blockchain support to ensure optimized safety for user information.Further, this platform neither collects nor shares any personal data. Instead, the website includes operational metrics for users to view details like cost per thousand (CPM), cost per click (CPC), and impressions for the last 24 hours. Moreover, the daily percentage changes appear in real-time. The ads on the platform include CSS and HTML codes which are free of cookies or any complex scripts. Moreover, advertisers get multiple packages to choose from that come with individually quoted CPM rates and prices. Furthermore, the online crypto community addresses clients’ or end-users issues, where experts quickly resolve the queries. A-Ads Review: Features Publishers/ Advertisers can create their ad units and campaigns within 1 minute. The network connects with all kinds of websites other than illegal or child pornography websites. Advertiser websites cannot collect any cookies. The minimum withdrawal amount is 0.001 BTC. There is no minimum count for website traffic. Automatically withdraw revenue into the bitcoin account/wallet. Users can earn up to 50% of their fees as an affiliate It also provides a referral program. With A-Ads, websites with crypto-centric content get a 100% fill rate. Ad codes are only CSS/HTML that have zero scripts or cookies, therefore easy to integrate. The Bitcoin traffic category has high-eCPM. Is the A-Ads Network Safe to Use? A-Ads is one of the best bitcoin ad networks available that mainly deals with bitcoin transactions for ad promotion and revenue earning. Users can use this network anonymously. Moreover, they leave no cookies or scripts on the computers of the end-users who visit the ad link. Also, creating anonymous ad campaigns and units is possible through this network even if you do not open an A-Ads user account. The network does not collect any personal data, and users can engage with it with just their bitcoin address if they do not wish to utilize their private email. This rule applies to both advertisers and publishers. Also, the network does not track the activity of its visitors or users. However, it only collects and assesses the IP addresses of visitors.

Monday, January 9, 2023

Cryptocurrency prices today: Bitcoin, ether, dogecoin rise over 2%; Solana, Litecoin slip

Bitcoin price today rose with the world's largest and most popular digital token trading over a per cent higher at $16,827. Overall, the global cryptocurrency market cap today remained below the $1 trillion mark, even as it rose 2% in the last 24 hours to $855 billion, as per the data by CoinGecko. On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, gained more than 2% to $1,253. Meanwhile, dogecoin price today was also over 2% higher at $0.07 whereas Shiba Inu gained too at $0.000008. Other crypto prices' today performance also improved as Tether, Stellar, XRP, Cardano, Polkadot, Uniswap, Chainlink, XRP, Solana, Avalance, Polygon prices were trading with gains over the last 24 hours whereas Solana, Litecoin, Apecoin, Tron slipped. Cryptocurrencies suffered mightily last year as the Federal Reserve and other major central banks around the world have raised interest rates to fight historic inflation, buffeted by everything from the Fed’s policy tightening to the implosions of the Terra/Luna ecosystem, hedge funds Three Arrows Capital and exchange FTX. Sam Bankman-Fried is accused of diverting billions of dollars in FTX client funds to Alameda to bankroll venture investments, luxury real estate purchases, and political donations. On Tuesday, he pleaded not guilty in Manhattan federal court. Crypto broker Genesis told clients in a new update that it needs more time to come up with a solution for the troubles at its lending unit. The sudden collapse of FTX roiled the digital-asset market and triggered a liquidity crunch at Genesis.

US DOJ to seize $465 million of Robinhood shares tied to Bankman-Fried

U.S. prosecutors are in the process of seizing shares of Robinhood Markets Inc tied to Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange, a U.S. attorney told a judge on Wednesday. The Department of Justice did not believe the 56 million shares of Robinhood, worth about $465 million, were property of a bankruptcy estate, U.S. attorney Seth Shapiro told U.S. Bankruptcy Judge John Dorsey, who is overseeing the FTX bankruptcy. Shapiro said that competing claims to shares of the stock-trading app could be worked out in a forfeiture proceeding. Bankrupt crypto firm BlockFi, FTX and liquidators in Antigua have all laid claim to the Robinhood stock, along with Bankman-Fried. Prosecutors have accused Bankman-Fried of engaging in a years-long "fraud of epic proportions" that cost investors, customers and lenders potentially billions of dollars by using customer deposits to support his Alameda Research hedge fund. Bankman-Fried pleaded not guilty to counts of wire fraud and conspiracy. He has acknowledged risk-management failures at FTX, but has said he did not believe he was criminally liable. Bankman-Fried purchased about 7.42% of Robinhood's stock through Emergent Fidelity Technologies Ltd, using funds borrowed from Alameda Research, according to an affidavit he filed in December in an Antigua court.

Who is Alex Mashinsky, the man behind the alleged Celsius crypto fraud?

Mashinsky, 57, fraudulently promoted Celsius as a safe alternative to banks, while concealing that it was losing hundreds of millions of dollars in risky investments, according to a lawsuit filed on Thursday by New York Attorney General Letitia James. The civil lawsuit seeks to ban Mashinsky from doing business in New York and have him pay damages, restitution and disgorgement. James' lawsuit is the latest black eye for the crypto sector, which has been rocked by accusations against FTX crypto exchange founder Sam Bankman-Fried. The former mogul, who has been accused of cheating investors and causing billions of dollars in losses, on Tuesday pleaded not guilty. Mashinsky, a native of Ukraine whose family emigrated to Israel, decided to move to New York after he took a trip to the city in 1988, he told a Forbes podcast. "I looked around and I'm like, I'm never going back," he said. Since then, he has founded eight companies, including Arbinet, which went public in 2004, and Transit Wireless, which provides Wi-Fi to the New York City subway.

Bitcoin, ether, other crypto prices today fall; Cardano gains

In cryptocurrencies, bitcoin price today slipped with the world's largest and most popular digital token trading flat with a negative bias at $16,819. Overall, the global cryptocurrency market cap today remained below the $1 trillion mark, as it was down in the last 24 hours to $850 billion, as per the data by CoinGecko. “The price of Bitcoin has remained below $17,000 due to market volatility following the recent Federal Open Market Committee's (FOMC) minutes. The FOMC has indicated that it will maintain interest rate hikes, which has caused market participants to react. The current support level for BTC is at $16,800, with resistance at $16,900 and $17,000," said chief executive officer (CEO) and Co-founder, Edul Patel, Mudrex. On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, also slipped marginally to $1,249. Meanwhile, dogecoin price today was also trading over 2% lower at $0.07 whereas Shiba Inu was flat too at $0.000008. Other crypto prices' today performance also declined as Tether, Stellar, XRP, Polkadot, Uniswap, Chainlink, XRP, Solana, Avalance, Polygon, Litecoin, Apecoin, Tron, Solana prices were trading with cuts over the last 24 hours whereas Cardano gained. The crypto industry's woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and high-profile bankruptcies, reported Reuters.

Crypto exchange Huobi to layoff 20% of its workforce amid bear market

Leading crypto exchange Huobi is looking to layoff around 20% of its workforce. The job cut comes at a time when investors' interest in digital assets has taken a downturn amidst concerns over reserves and solvency at various crypto exchanges and lenders and the current bear market conditions. Also, Huobi's layoff is part of its structural adjustment. While responding to queries from Reuters, Huobi said that the planned layoff ratio is about 20%, but it is not implemented now. With the current state of the bear market, a very lean team will be maintained going forward. Also, the statement confirmed an earlier message from Tron founder Justin Sun who told Reuters that the "structural adjustment" in Huobi had not started yet but was expected to be completed by the end of the first quarter. Sun revealed that the exchange has approximately 1,100 employees. Sun is a member of Huobi's global advisory board. The announcement of the layoff was conveyed by Huobi to its staff in an internal memo. Currently, crypto investors are not just facing the bear markets phase, however, their trust has been dampened heavily by cryptocurrency exchanges and lenders as concerns about their reserves and solvency escalated after FTX's downfall and a series of bankruptcies since mid-2022.

Solana crypto token loses most of its value in 2022, FTX collapse weighs

The price of Solana, a cryptocurrency token that had been lauded by FTX founder Sam Bankman-Fried, fell 10.36% on Wednesday, and is down 94.2% so far in 2022. The collapse of FTX has rippled across the industry, hobbling liquidity at firms with exposure to what was once one of the world's biggest crypto exchanges. Solana, or SOL, is the token behind the upstart Solana blockchain, which supports smart contracts, including non-fungible tokens, and has emerged as a rival to the ethereum blockchain. Bankman-Fried, who is expected to enter a plea next week to criminal charges he defrauded investors and looted billions of dollars in customer funds at FTX, frequently praised Solana. FTX and Alameda, Bankman-Fried's trading firm, held Solana tokens on their balance sheets. While Solana has no direct relation to FTX, and had limited exposure to the failed exchange, its association with Bankman-Fried has been a drag. "The general problem with crypto is that its lack of intrinsic value means that values are based on confidence and perceived utility. If those suffer in relation to a specific token, then it suffers," said Steve Sosnick, chief strategist at Interactive Brokers. A representative for Solana was not immediately available for comment. SOL has dropped 51.14% since the furor around FTX began unfolding on Nov. 2. In the same period, ether has fallen about 21.3% and bitcoin 17.6%. The price of Serum, or SRM, the token for the decentralized exchange of the same name created by Bankman-Fried on the Solana blockchain, is down 80.5% since Nov. 2, trading at just over 14 cents, according to

Sam Bankman-Fried pleads not guilty in FTX fraud case; October trial set

Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecutors have called an "epic" fraud. He entered his plea in Manhattan federal court where he faces eight criminal counts, including wire fraud and money laundering conspiracy. The 30-year-old ex-mogul is accused of looting FTX customers' deposits to support his Alameda Research hedge fund, buy real estate and donate millions of dollars to political causes. "Customer funds were also used and laundered through political donations, charitable donations, and a variety of venture investments," Danielle Sassoon, a federal prosecutor, said at the hearing. Sassoon suggested that the government has a deep well of evidence against Bankman-Fried, saying prosecutors will turn over hundreds of thousands of documents in the coming weeks to the defense. A clean-shaven Bankman-Fried wore a blue suit, white shirt, and dotted blue tie and carried a backpack into the courthouse - a far cry from the shorts and t-shirts that were his preferred attire when he ran FTX from the Bahamas. Bankman-Fried did not speak to the judge during the hearing but conferred privately with his lawyers. He shook hands with one of the prosecutors before the arraignment. When it ended, he approached the handful of courtroom sketch artists and commented on their work. The Massachusetts Institute of Technology graduate could face up to 115 years in prison if convicted. He has previously acknowledged making mistakes at FTX but said he does not believe he has criminal liability.

FTX's former top lawyer aided US authorities in Bankman-Fried case

Friedberg gave details about FTX in a Nov. 22 meeting with two dozen investigators. The meeting, held at the US Attorney for the Southern District of New York's office included officials from the Justice Department, Federal Bureau of Investigation, and the US Securities and Exchange Commission, the source said. Friedberg gave details about FTX in a Nov. 22 meeting with two dozen investigators, the person said. The meeting, held at the US Attorney for the Southern District of New York's office included officials from the Justice Department, Federal Bureau of Investigation, and the US Securities and Exchange Commission, the source said. Emails between attendees scheduling the meeting with those agencies were seen by Reuters. At the meeting, he told prosecutors what he knew of Bankman-Fried's use of customer funds to finance his business empire, the source said. Friedberg recounted conversations he had with other top executives on the subject and provided details of how Bankman-Fried's hedge fund Alameda Research functioned, the source said. Friedberg's cooperation has not been previously reported. He has not been charged and has not been told he is under criminal investigation, the source said. Manhattan US Attorney Damian Williams, who is leading the criminal case against now bankrupt FTX, said last month: "If you participated in misconduct at FTX or Alameda, now is the time to get ahead of it." Two of Bankman-Fried's closest associates, Caroline Ellison, Alameda's former chief executive, and Gary Wang, FTX's former chief technology officer, pleaded guilty to fraud and agreed to cooperate. A lawyer for Ellison didn't respond to a request for comment. Wang's lawyer declined to comment.

Silvergate Capital shares sink as crypto-related deposits plunge

Silvergate Capital Corp reported a sharp drop in fourth-quarter crypto-related deposits on Thursday as investors spooked by the collapse of industry major FTX pulled out more than $8 billion of capital, sending shares down nearly 39% premarket. The crypto-focused bank also said it would cut its workforce by 40%, or about 200 employees, as it tries to rein in costs amid a deepening industry downturn. The dire preliminary earnings report shows the extent of the impact on the digital asset industry from the downfall of FTX, which filed for bankruptcy in November after failing to cover customer withdrawals, marking a stunning reversal of fortunes for what was one of the world's biggest crypto exchanges. Silvergate had said earlier it had no outstanding loans or investments in FTX, but its shares have shed 69% of their value since the exchange's meltdown, which sparked a wild crypto sell-off. We are in a period of 'shoot first, ask questions later' for any bad news related to crypto and crypto-related businesses," said Thomas Hayes, chairman and managing member at investment firm Great Hill Capital. "We expect this carnage to continue for some time as there is no way to value the underlying asset." Rising interest rates also crushed the industry last year, which lost more than a trillion dollars in value. Slowing the expansion of its business, La Jolla, California-based Silvergate is also delaying the launch of a blockchain-based payment solution. It would take an impairment charge of $196 million in the fourth quarter on assets purchased from Meta Platforms Inc-backed Diem Group for the payment solution venture. Total deposits from digital asset customers declined to $3.8 billion at the end of December from September. The company sold $5.2 billion of debt securities at a loss of $718 million in the fourth quarter to maintain liquidity.

Saturday, January 7, 2023

Happy Birthday, Bitcoin: Top Cryptocurrency Turns 14

A Humble Start Satoshi Nakamoto, the famed and mysterious Bitcoin creator, mined the first block of Bitcoin on Jan. 3, 2009. 1 Nakamoto received 50 BTC as a reward for the genesis block—a holding that would be a massive sum by today’s standards for the token's value. His reward can't be spent because Satoshi didn't send the transaction from the genesis block to the global transaction database. 2 It is unclear whether this was intentional. Surviving Many Challenges Predictably, a novel asset such as Bitcoin would, at some point, encounter resistance and obstacles. And it did, on several occasions, especially during its early years. Bitcoin’s price tumbled in some particularly notable incidents—but its highs continue to outshine the lows. The theme of the cryptocurrency’s ability to recover strongly after bear markets began to cement themselves during those early years. The very first Bitcoin transaction took place in October 2009 when a Finnish computer science student named Martti Malmi sold 5,050 BTC, giving each coin a valuation of $0.0009. One of the most notable early real-world transactions occurred in 2010 when the now-famous Laszlo Hanyecz purchased two pizzas for 10,000 BTC. 3 At today’s value, that would work out to about $167.3 million. The purchase has become a crypto community event is marked on May 22 as Bitcoin Pizza Day. It wasn’t long before Bitcoin reached a $1 valuation, which happened in February 2011. Shortly afterward, the asset's price climbed to $10 and then to $30, leading to a leap of 30 times for that year. In 2013, it crossed $1,000 per token.

Crypto Winter Gets Icier Just Days Into New Year

Genesis, Silvergate, China's Huobi ax workers Crypto lender Genesis axed 30% of its staff, the second round of job cuts in recent weeks, and is considering bankruptcy after losing $175 million locked up in a trading account at the failed trading platform FTX. Genesis also owes $900 million to crypto exchange Gemini, which has criticized how Genesis is handling the financial crisis. Silvergate Capital Corp., a crypto-focused California bank, fired 40% of its employees after investors scrambled to redeem $8.1 billion at the bank in the wake of FTX's collapse. Silvergate held deposits for FTX units and Alameda Research, the trading firm behind FTX. Meantime, Chinese crypto exchange Huobi said it plans to ax about 20% of its staff. "With the current state of the bear market, a very lean team will be maintained going forward," Huobi said in a statement. 1 Due to the FTX collapse in late 2022, Coinbase cut 18% of its staff, Kraken lost almost one-third of its employees, and lay off 5% of its staff. Court Drama And Crypto In New York, Coinbase Global Inc., a crypto exchange, agreed to pay $100 million to settle claims by New York state that it failed to comply with anti-money-laundering rules. And a U.S. court ruled that the now-bankrupt crypto firm Celsius can keep all its customer's crypto deposits, meaning that clients can't recover their funds from the defunct exchange. The ruling reinforces a ground rule for crypto investors: "not your keys, not your crypto," which essentially means investors can't be sure that their holdings are protected unless they keep them in a crypto wallet that they own and control.

Coinbase to Pay $50 Million Fine to New York Regulators

Coinbase Global Inc., a U.S. cryptocurrency exchange, settled with New York state regulators for $100 million after an investigation into the exchange's compliance with requirements to prevent money laundering. 1 The regulators fined CoinBase $50 million after they said that as far back as 2018, the firm allowed customers to open accounts without conducting sufficient background checks. CoinBase must also spend $50 million to boost compliance efforts to stop potential criminals from using the exchange. Compliance Issues Date Back to 2018 Regulators state first detected the compliance problems at Coinbase in 2020, after the exchange obtained a New York license in 2017. According to their findings, the exchange's anti-money-laundering controls had problems dating back to 2018. “We found failures that really warranted putting in place an independent monitor rather than wait for a settlement,” said Adrienne A. Harris, New York state superintendent of financial services. “We have been very outspoken about illicit financing concerns in the space. It is why our framework holds crypto companies to the same standard as for banks.” 3 According to the settlement, Coinbase is moving too slowly in reviewing older accounts for suspicious features. It will require the exchange to work with a monitor for at least another year to improve its compliance procedures. New York regulators didn't identify the monitor. Agencies Warn Risks of Crypto Federal prosecutors have been busy in recent months with probes of several cryptocurrency exchanges and have also examined whether overseas firms are properly screening customers' backgrounds. Yesterday, regulators warned banks that they should know about risks tied to cryptocurrency assets, including legal uncertainties and misleading disclosures, two months after the collapse of FTX sent shockwaves through the industry.

Crypto Lender Genesis Slashes 30% of Staff, Considers Bankruptcy

Crypto Lender Said to Be on Brink of Collapse Though Genesis has not publicly announced that it will file for bankruptcy, the latest reports indicate that the firm is on the verge of doing so. After the FTX collapse in November 2022, the crypto lender suspended withdrawals, as it had $175 million locked in an FTX trading account. When it asked Binance for help raising fresh capital of at least $1 billion, Binance denied the request. Genesis is owned by Barry Silbert's Digital Currency Group (DCG), which is also the parent company of CoinDesk, the news outlet that first reported the deteriorating financial condition of FTX in late 2022. Winklevoss Brothers Are Worried Crypto exchange and Genesis creditor Gemini is critical of the way Genesis is handling its recent financial troubles. Genesis owes Gemini $900 million, and its founders, the Winklevoss twins, are blaming the parent company, Digital Currency Group. Crypto Lender Said to Be on Brink of Collapse Though Genesis has not publicly announced that it will file for bankruptcy, the latest reports indicate that the firm is on the verge of doing so. After the FTX collapse in November 2022, the crypto lender suspended withdrawals, as it had $175 million locked in an FTX trading account. When it asked Binance for help raising fresh capital of at least $1 billion, Binance denied the request. Genesis is owned by Barry Silbert's Digital Currency Group (DCG), which is also the parent company of CoinDesk, the news outlet that first reported the deteriorating financial condition of FTX in late 2022. Winklevoss Brothers Are Worried Crypto exchange and Genesis creditor Gemini is critical of the way Genesis is handling its recent financial troubles. Genesis owes Gemini $900 million, and its founders, the Winklevoss twins, are blaming the parent company, Digital Currency Group.

Friday, January 6, 2023

CoinDesk Market Outlook: 4Q Crypto Gloom Spills Into 2023

The crypto industry’s self-inflicted wounds – U.S. prosecutors and regulators this month accused Bankman-Fried of orchestrating a $8 billion scheme to defraud investors – came as the Federal Reserve kept ratcheting monetary conditions ever tighter to bring down soaring inflation, adding stiff downward pressure on prices for cryptocurrencies and other risky assets. Last year’s price run-up in the largest cryptocurrency, bitcoin (BTC), to a record $69,000 brought rampant speculation and risk-taking by crypto traders who used “leverage,” or borrowed money, to amplify their bets. The unwinding of that leverage over the course of 2022 served to accelerate the market’s descent. The CoinDesk Bitcoin Price Index has tumbled 65% this year to about $16,594 at the time of writing. Ether (ETH), the native cryptocurrency of the Ethereum blockchain and the second-biggest by market cap, slid 5.5% in the quarter through Dec. 15, and it’s down 68% in 2022, its worst performance since the crypto winter of 2018. The broad downward market pressures and a dropoff in activity outweighed any pickup in sentiment that came from the blockchain’s successful upgrade this year – the “Merge” – to a more energy-efficient “proof-of-stake” network from a “proof-of-work” system similar to Bitcoin’s. More recently, speculation has mounted that the change might make ether more prone to regulation as a security under U.S. regulations. Coming into the fourth quarter, crypto traders and analysts were speculating whether markets might be starting to heal from the steep losses earlier in the year inflicted by the collapse of Terra and the knock-on casualties of crypto financial firms Celsius Network, Voyager Digital and Three Arrows Capital.

Bitcoin Weekly Forecast: A crypto beginner’s guide to Nonfarm Payrolls and its effects on BTC

Bitcoin (BTC) price and the general crypto markets have been highly correlated with the stock markets since the COVID-19 crash in March 2020. Since then, macroeconomic news have been affecting Bitcoin, Ethereum and other altcoins, and the Nonfarm Payrolls (NFP) monthly release is one such significant event, with the December version to be published on January 6 at 13:30 GMT. What are Nonfarm Payrolls? The Nonfarm Payrolls, also known as NFP, is a measure of the number of workers that are employed during the prior month in the United States (US). The statistic is provided by the Bureau of Labor Statistics (BLS) and excludes jobs like farm workers, government workers, private households, proprietors, and non-profit employees. Why is NFP important? According to the BLS, the Nonfarm Payrolls number consists of jobs that directly or indirectly contribute roughly 80% to the United States Gross Domestic Product (GDP). Hence, the NFP provides an important assessment of the job landscape and, in turn, gives an outlook of current market conditions. Additionally, NFP are also closely scrutinized by the US central bank, the Federal Reserve (Fed), to assess their monetary policy. The Fed does have a double mandate to keep both employment and inflation figures at healthy levels for the economy. Therefore, the measure of the jobs added or lost will set the tone for the upcoming Fed interest rate hike decision. Here are some quick examples. Instance 1: If the NFP data for December comes in higher than the prior month, it indicates that more jobs have been added. This is a positive development and will indicate a stronger economy, allowing the US Dollar to strengthen. A stronger US Dollar is usually negative for the stock market. Hence, a higher Nonfarm Payroll number that exceeds expectations usually causes the stock market to temporarily take a hit. Since the crypto markets have been highly correlated to the traditional markets in recent times, it will likely cause a similar effect on Bitcoin price. Instance 2: If NFP numbers come in lower than expectations, it may lead to a weaker US Dollar, which will inadvertently cause the stock and crypto markets (including BTC) to rally.

Shiba Inu developers share Shibarium update, the layer-2 solution will scale a $4.9 billion market

Shiba Inu, the second-largest meme coin in the cryptocurrency ecosystem, will soon benefit from the launch of its scaling protocol Shibarium. This is the layer-2 scaling solution that will utilize BONE from the Shiba Inu ecosystem, and scale the $4.9 billion meme coin project. SHIB ecosystem’s technical experts ask the SHIB Army to stay alert to official information via social media and blog portals. As the community awaits an update on Shibarium launch and the release date of the layer-2 protocol, the Dogecoin competitor continues to rank among the top cryptocurrencies held by whales. SHIB is a favorite among 500 largest Ethereum whales Based on data from Whale Stats, a crypto intelligence tracker, Shiba Inu (SHIB) ranks as the tenth most used smart contract among the 500 largest Ethereum whales. When large-wallet investors scoop up Shiba Inu tokens or engage in transactions worth $100,000 or more, it helps traders determine the direction of the SHIB price trend. Typically, whale activity has been the key to the direction of Shiba Inu, also known as the Dogecoin killer. As seen in the chart below, SHIB whale transactions (>$100,000) spiked before a decline in Shiba Inu price. This can be interpreted as profit taking by whales. After scooping up the meme coin at a discount through the dips in the ongoing cycle, large-wallet investors engage in mass profit-taking at SHIB’s local price high, following which the asset’s price declines. Whales from the Ethereum network are scooping up the meme coin and there is an increased likelihood of profit-taking from whales around a local hike in SHIB’s price.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Is 2023's first rally in works?

Bitcoin price triggered an uptrend after bouncing off the $16,624 support level. This move has produced a market structure shift when considering the recent higher high. While the bullish outlook is alive, confirmation of the uptrend will arrive if BTC manages to flip $16,822, which is the highest volume traded level since November 5. If successful, Bitcoin price could attempt a move to $17,306 followed by the range high at $18,401 and the highest volume traded level for 2022 at $19,237. While the outlook remains bullish, a failure to breach the $16,822 could be a sign of weakness. If Bitcoin price produces a four-hour candlestick close below $16,221, it will invalidate the bullish thesis. In such a case, BTC could revisit the equal lows at $15,443. Ethereum price reaches its upper limit, what’s next? Ethereum price is traversing a bear flag pattern as described in a previous article. Based on the technical formation a 12% downswing is forecast upon the breakdown of the flag at $1,206. For the bearish outlook to play out, BTC needs to remain in a lull or flip bearish and Ethereum price needs to get rejected at the upper limit of the flag, resulting in a steep correction to $1,071 and $1,051 support levels. Ripple price dug a lot lower than other altcoins on January 1 but its recovery since then has come along well. As XRP price trades around $0.348, investors can expect this trend to continue until it tags the $0.374 hurdle. Beyond this level, if the buying pressure continues to hold, the remittance token could retest the the equal highs at $0.397.

Wednesday, January 4, 2023

Ripple CTO hits back at Craig Wright for attacking XRP

The verbal brawl between Ripple CTO and self-proclaimed bitcoin creator Craig Wright continues to escalate. In a series of tweets, Ripple CTO David Schwartz recently responded to Craig Wright’s attack on the XRP cryptocurrency. Schwartz asserted that Craig only began discussing XRP when he demonstrated that an argument he made was absurd. The Ripple executive implies that Wright was less concerned with solving real problems in the cryptocurrency industry and more concerned with attacking him and XRP. Wright attacked Schwartz for his alleged lack of logic in his arguments: “Nothing by DS is reasoned in this series of tweets. There are ad hominem and other logical fallacies. Nonetheless, he claims that these are reasoned arguments”. In subsequent tweets, he doubled down on this line of attack, accusing Schwartz of pushing his agenda while avoiding “any dialogue” about topics unrelated to XRP. Ripple CTO vs ‘bitcoin creator’: how it started On Dec. 24, Ripple CTO David Schwartz and self-proclaimed bitcoin inventor Craig Wright engaged in a heated verbal battle. The initially neutral discussion about the institutional acceptance of bitcoin escalated into a vicious argument about the legitimacy of XRP, complete with savage insults. Craig Wright stated in a tweet that institutional investors cannot adopt bitcoin until it is recovered by court order.

BTC and ETH most affected if DCG and Grayscale collapse

There is increasing pressure on Grayscale and the Digital Currency Group (DCG). In addition, customers of Gemini Earn have filed a class action lawsuit against both firms, and the Winklevoss twins have given DCG until Jan.8 to restore the $900 million in client cash. BTC, ETH, LTC represent DCG and Grayscale’s largest holdings As people know, Grayscale owns a sizable quantity of bitcoin as part of its GBTC, more than 630,000 BTC, generating many investor concerns. The corporation owns two cryptos that account for an even more significant portion of the market cap than the more than 630,000 BTC, which “only” comprise 3.28% of all bitcoins in circulation. A remarkable 8.53% of ethereum classic (ETC), or almost $189 million, is held by Grayscale in its various trusts. Horizen comes in second on the list (ZEN). The percentage of the market capitalization is 4.64%, or roughly $5.7 million. With 2.53% and 2.52%, respectively, of zcash (ZEC) and ethereum (ETH), Grayscale also has a colossally high percentage in both cryptos. Following them are MANA (1%), litecoin (2.11%), and bitcoin cash (1.6%). The company, run by Michael Sonnenshein, might be selling off some of its altcoin trusts to save its flagship product, the GBTC, the Grayscale Ethereum Trust (ETHE), and the entire Digital Currency Group. As mentioned above, this is the leading cause of worry for crypto investors that Silbert could use the money to pay off his debts. Given the enormous stakes in the market, it would be difficult to completely rule out the chance that the already underperforming altcoins would suffer significant losses due to a Grayscale dump. Horizen is trading 94.44% below its record high of $168.15, while the price of ethereum classic is 90.85% below its high of $176.16. Zcash, which has fallen the most by 99.36% from its record high of $5,941.80, has experienced the greatest loss. Grayscale is looking for an easy way out of dissolving their Trusts One can only surmise whether all of the trusts will be dissolved or part of them. Grayscale’s CEO, Michael Sonnenshein, has underlined numerous times over the past few weeks that the company has no plans to dissolve the GBTC fund. Despite that, he previously mentioned the possibility of returning up to 20% of GBTC’s capital to shareholders if he cannot make the product into an exchange-traded fund. But there are significant legal obstacles. It’s crucial to remember that Grayscale is subject to SEC regulation. That means Greyscale must inform SEC of its intention to dissolve its trust funds, which is a lengthy and challenging process. However, as the SEC case against Ripple and the subsequent dissolution of the XRP trust show, it is possible. A project at Grayscale has minimal risk but tremendous reward. However, the recent changes have significantly increased the strain on Grayscale and DCG. Due to the linkages created by the loans between the two businesses, the parent company’s failure could affect the cash cow Grayscale.

Avalanche’s AVAX overtakes solana’s SOL in market cap

AVAX, the native coin of the avalanche ecosystem, has joined the list of tokens toping solana’s SOL in market cap. Market data shows that avalanche’s AVAX token has a market cap of $3.47 billion, while solana’s current market cap stands at $3.43 billion. The bear market is shaking things up, and tokens are rising in value on a relative basis. AVAX rising over SOL in bear market Both AVAX and SOL saw a decline in value on an absolute basis based on US dollar price, but solana saw a more notable decline of 5.7% over the previous day and 22.7% over the prior week. Possible reasons for the continuous fall of solana’s SOL can be attributed first to the FTX collapse and then to the migration of its two most popular NFT projects (DeGods and y00ts) to the ethereum and polygon blockchains. A cursory gaze of the solana decentralized finance (DEFI) ecosystem in the last four weeks shows a 98% drop from its all-time high of $10.17B to a meagre $230.79 million. A more generalistic outlook of the market today shows that despite the limited trading volume, shares of Coinbase were up 8% this week after hitting an all-time low earlier in the week. Robinhood increased by 5%, and Galaxy Digital soared by 10%. At 10:35 a.m. ET, MicroStrategy defied the trend and traded slightly lower.

After major server outage, Alibaba reshuffles execs

A system of frequent executive rotation was put in place by Alibaba’s former CEO, Jack Ma, before he handed the reins over to Daniel Zhang. Ma hoped that the system will keep the business growing in the rapidly evolving internet industry. The e-commerce and cloud computing giant announced several significant reshuffles on Thursday, signalling the start of this year’s reorganisation. In an internal email to colleagues announcing the executive positions, Daniel Zhang stated that Jeff Zhang had led the Alibaba Cloud Intelligence team to generate remarkable outcomes in technology innovation and industry influence over the previous four years. As the nation enters a new phase of living with Covid and policymakers have to guide the future development of the platform economy, the Alibaba group is more confident than ever that ongoing development is the key to overcoming the problems it confronts today. Alibaba moves execs around Amid the intense scrutiny from the Chinese government, the current rejigging of Alibaba’s top brass will see Daniel Zhang assume an acting president of Alibaba’s cloud intelligence management and communication services. In a related development, Jeff Zhang will focus on leading the Alibaba DAMO Academy and step down from his position as president of Alibaba Cloud Intelligence. Meanwhile, he will continue to be in charge of the Internet of Things (IoT) projects and Alibaba’s proprietary chip development team, T-Head. As of Apr. 1, 2023, Judy Tong will hand over the reins to Jane Jiang as Group Chief People Officer, a position she has held since 2017. In addition to his newly appointed positions, Zeming will continue to hold the position of CTO for the Local Services division. Wu Zeming held several critical positions at Ant Group, Alibaba’s financial services affiliate, before being appointed CTO in 2019. As a technology advisor, Zeming will continue collaborating with Daniel Zhang.

Sunday, January 1, 2023

Locker Token and Euro Ice Hockey Champs Rögle BK To Host In-Person NFT Event

Locker Token & Ice Hockey extraordinaires Rögle BK have officially announced an In-Real-Life (IRL) NFT, event set to take place at the Catena Arena – the home of the European champions. The event is designed to showcase the innovative asset class that is NFTs, while also educating Rögle fans on how to utilize the blockchain and purchase their favourite player trading cards. The event, due to take place on December 30th, will feature educational content, a free mint for the first 500 fans, and in-person interaction with cryptocurrency experts – The Nordic Whales. About The Event Rögle BK fans were the first fanbase able to mint their favourite players and in-game moments via the Locker sports NFT marketplace. The team have been equipped with the technology to mint any NFTs that would potentially be sought-after by fans, with NFTs created with ease through the Locker Token app. In line with the partnership, the event has been planned to help fans make their first steps into blockchain. The event will be hosted and supported by local natives the Nordic Whales, who are located a mere 20 minutes from the stadium. The AMA enthusiasts are able to provide educational content in both English and Swedish due to their close proximity to the team. The first 500 fans are in for a treat upon arrival after scanning the event QR code. This will provide them with a free mint, with a further 6500 being minted on the day that will be made available for purchase. The first 500 will be randomized in terms of rarity. What is Locker Token? Locker Token is an ecosystem for sports teams and athletes that allows them to futureproof and monetize their respective offerings through blockchain, while connecting fans and the athletes themselves via a unique asset class. Locker is known by its ticker – $LKT – and was recently listed on CoinMarketCap after a successful contract migration. Despite being a relatively new project, the ecosystem features a number of the worlds best Ice Hockey teams and players including; Rögle BK, Manchester Storm, and HC Bolzano. More teams across both Ice Hockey and other sports are in the process of being onboarded, with the end goal being to onboard each respective team’s fan base to Locker as engaged fans and buyers. From a token perspective, the Ethereum price decline of late has dragged the price of $LKT with it due to the closely-connected nature of Locker as an ERC20 token. However, the team has continued to build and create new partnerships despite the market-wide downturn. 500 lucky fans will receive a free mint upon scanning a QR code. About Rögle BK Rögle BK (Rögle Bandyklubb) is a Swedish professional ice hockey club from Ängelholm. The club has featured in the SHL most-recently since the 2015–16 season. Rögle has previously played in the SHL in 1992–1996, 2008–2010, and briefly in 2012–13.

Bitget Introduces MegaSwap for a Re-Invented DeFi Experience

Seychelles, December 26, 2022 – Leading global cryptocurrency exchange, Bitget launches “MegaSwap“, a new feature on its platform that enable the platform’s users to trade or swap their digital assets for over 10,000 cryptocurrencies on a DeFi environment. With a MegaSwap account, users can gain access to trade through eight influential chains and 10 important DEXs while staying on Bitget’s platform. The feature bridges the freedom and variety of DeFi with the security and convenience of CeFi, enabling users to enjoy the best of both worlds. While CEX users enjoy secured trading experiences with diversified products and services, DEXs are also gaining increasing traction amongst investors who want to get a hold of a more variety of tokens fast. However, trading on DEXs is not for everyone. Due to the knowledge barrier and the lack of protection with assets stored on DeFi wallets, many users are deterred from getting involved with DEXs. In light of this, MegaSwap is designed to satisfy users with the demand for trading in convenience and safety, while enjoying asset variety and high liquidity at the same time, allowing users to integrate a centralized trading experience in DeFi marketplaces. Users only have to activate the MegaSwap account with a few clicks to unlock the function of trading over 10,000 cryptocurrencies on 10 leading DEXs, such as Uniswap, Pancake, Curve, Sushiswap, and more. Empowered by the variety of DEXs, MegaSwap is equipped with the best options for liquidity pools out there. The feature currently supports transactions on eight different chains, including ETH, BSC, Polygon, OP, Fantom, Klay, HECO and OEC. With the assistance of MegaSwap, users can complete cross-chain swaps effortlessly and straightforwardly in one place. Aside from combining the advantages of CEX and DEX, MegaSwap even further smoothens the trading experience by streamlining payment of gas fees. Compared to normal DeFi trading, where traders have to prepare different chain-native tokens to pay for gas fees incurred from the transactions, MegaSwap automatically converts gas fees from stablecoin balances in the user’s accounts, allowing users to trade with minimum effort. Gracy Chen, Managing Director of Bitget, says, “MegaSwap is an important step taken by Bitget in building a safe, dynamic and robust one-stop trading experience to reach the critical mass. Facing fluctuation and uncertainty in recent trading markets, we observe that users and investors long for the protection of assets without sacrificing convenience and performance. And MegaSwap provides the right solution to connect the dots, which enables users to enjoy the upsides of DEX and the heightened protection covered by Bitget’s platform. We value offering users a variety of options and liquidity, and at the same time, pair with our top-notch security measures and risk management, including hot and cold wallet separation, multi-signature wallet, Zero Trust security architecture and a lot more to protect users’ assets. ” Gracy adds, “DeFi has become a crucial element of this ever-evolving crypto space, and is also playing a part in enriching asset variety and diversifying the crypto ecosystem with CeFi. We aim to be the portal that seamlessly connects CeFi and DeFi with MegaSwap, as we actively listen to our community and users to cater to changing market needs and keep ourselves on top of market trends.”

Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022

According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to double that amount, $54.78 billion, two weeks earlier. On November 8, 2022, 54 days prior, amid the FTX collapse, global cryptocurrency trade volumes were approximately $115.33 billion. Crypto Trade Volumes End 2022 46% Lower Than the Month Prior Cryptocurrency trade volumes worldwide have significantly declined since the beginning of the year. For example, on Jan. 2, 2022, one year ago, the global trade volume for the 24-hour period was approximately $70.48 billion, according to archived statistics. Today’s 24-hour volume worldwide is 67.43% less at $22.95 billion. In addition, 71.63% of all trades on Jan. 1, 2023, were paired with the cryptocurrency economy’s stablecoins. While all the stablecoins today represent $16.44 billion in trade volume, tether (USDT) commands $12.45 billion, which equates to 71.63% of the aggregate on Jan. 1, 2023. Two weeks ago on Dec. 15, the global trade volume was $54.78 billion and a good majority of those trades were in stablecoins as well. Cryptocurrency trade volumes have been declining since Jan. 2022, with monthly spikes in May, Sept., and Nov. 2022. The November spike occurred amid the chaos surrounding FTX’s insolvency, and there were significantly higher daily trade volumes at that time. Data from The Block’s crypto exchange volume (legitimate index) shows that Oct. 2022 had $543.67 billion in volume, while Nov. 2022 saw an increase of approximately 23.79% to $673.01 billion. Now that Dec. 2022 is over, statistics show that Dec. 2022’s total volumes were around $357.48 billion, or 46.88% lower than the previous month. The last time global cryptocurrency trade volumes were this low was two years ago in December 2020. At that time, global crypto trade volumes were 7.27% higher at $385.51 billion. Lower cryptocurrency trade volumes can have both positive and negative implications for investors. On one hand, low trade volume is often seen as a sign of a lack of interest in the crypto market, which could potentially indicate lower values. On the other hand, low trade volume can sometimes be interpreted as a bullish sign for the cryptocurrency economy, as it may suggest limited selling pressure.