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According to SIMBA Chain, the investment will go toward developing blockchain applications that will be used by several government organizations. Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF) . The initiative is focused on identifying and advancing technologies that could secure the future dominance of the U.S. Air Force.  According to the announcement, the investment will be used to develop blockchain applications in supply chain management and programs that will be used by several government organizations, including the Office of the Undersecretary of Defense for Research & Engineering, the USAF, the U.S. Navy, the U.S. Army and the Defense Logistics Agency. SIMBA Chain has a long-standing relationship with the Department of Defense, having developed various blockchain applications to improve critical USAF activities, such as budget tokenization for better a

The Polkadot (DOT) price started to note a fall on its daily chart after Bitcoin could not stay above the $24,000 price. Other significant altcoins followed suit with Bitcoin’s descent on its chart. Over the last 24 hours, DOT lost 3% of its market value. In the last week, the altcoin lost close to 6%. The technical outlook also started to portray how the bulls were losing strength on the daily chart. Demand for the altcoin noted a downtick, which is why even accumulation fell on the chart. With a fall in demand, DOT is headed toward its nearest support level, and a continued reduction in buying strength will push Polkadot below its support line. If demand in the broader market improves with BTC appreciating and moving above the $24,000 mark, then demand for other altcoins, including DOT, will increase on its chart. DOT must break past its overhead resistance to ensure that the coin does not incur further losses over the upcoming trading sessions. The market capitalization of DOT

The legislatures in Mississippi and Missouri have separately introduced bills aimed at protecting certain activities of Bitcoin miners following visits from the Satoshi Action Fund. Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation. Porter, who first discovered Bitcoin ( BTC ) in 2017, told Cointelegraph his path on advocating the benefits of mining has taken him to support bills in at least six U.S. states with federal lawmakers also in his crosshairs. The Satoshi Action Fund CEO met with U.S. Senators and Representatives on Jan. 25 in support of proposed legislation aimed at eliminating discrimination against miners. According to Porter, the Lummis-Gillibrand Responsible Financial Innovation Act — a bill introduced in June 2022 aimed at addressing the roles of the U.S. Commodity Futures Trading Commission and Securities and Excha

Bitcoin’s strong monthly performance translated to outsized gains in APT, GALA, T, MANA and SOL, making them the top performing altcoins in January. The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as buyers started to play catch up.  The improving macroeconomic conditions, such as reduced inflation and a stable job sector in the United States, provided additional tailwinds for the positive rally . Bitcoin ( BTC ) is en route to its most impressive closing for January since 2013. Its price has gained 40% year-to-date from the opening value of $16,530. Another important catalyst for January 2023’s rally was a short squeeze across the crypto market. After the FTX debacle and the lack of bullish narratives for the niche space, most investors expected growth to slow down in 2023. Ther

Brazil’s Luiz Inácio Lula da Silva and Argentina’s Alberto Fernández want to create a “common currency.” It sounds suspiciously like a state-controlled cryptocurrency. “Good ideas out of context are like shiny objects lost in a dark field,” American writer Seth Godin once said. “They catch your attention, but have no real utility.” Brazilian President Luiz Inácio Lula da Silva and Argentine President Alberto Fernández have been making headlines for a proposal to create a common currency between Argentina and Brazil. The idea for a common currency arose about 25 years ago in an article written by two renowned economists and, in the context of the time, made sense. This idea has now been resurrected as a political opportunism play with a hint of ideological propaganda, but it lacks real utility. In 1998, both the Argentine and Brazilian governments implemented neoliberal measures in the economy, including a fixed exchange rate regime, with a conversion rate close to 1:1 between the

A popular crypto trader, Bluntz, forecasted a significant price rally for Dogecoin against Bitcoin today. Bluntz tweeted to his followers that the DOGE/BTC trading pair is “gearing for a revenge pump for probably 100% or more.” Based on his chart analysis, Bluntz identified that Doge had formed a bullish pattern that may surprise the crypto community. Bluntz seems convinced that Doge will continue to surge its price, thus cautioning that investors would be careless for missing out on this potential opportunity.  Bluntz’s sentiment appears to be backed by other crypto market analysts who are also confident that Doge is destined for massive growth.  Bluntz also disclosed that the Dogecoin/USD trading pair has finally broken out of a consolidation channel, indicating that Doge is “loading and set to lead the altcoin season .” He said it is just a matter before the meme crypto witnesses a huge price uptick.  Does Dogecoin Have More Potential Than Bitcoin? For investors seeking to in

The crypto market is down today as Bitcoin and stocks retrace their recent gains and investors await this week’s FOMC and the revelation of the next interest rate hike. The crypto market is down today, as market volatility increases ahead of the Feb. 1 Federal Open Market Committee (FOMC) meeting and a slew of negative news events weigh on Bitcoin, Ether and altcoin prices. After jumping to new highs for 2023 , Bitcoin ( BTC ) and Ether ( ETH ) retraced a portion of their recent gains.The primary downside catalyst appears to be investors’ apprehension over the upcoming FOMC decision on interest rates and similar pullbacks are also being seen across the stock market which is down. After the Jan. 18 announcement that the United States Department of Justice levied enforcement action against Bitzlato and ramped-up pressure on certain players in the crypto sector, Binance started to block certain users' accounts . Cryptocurrency market performance, daily timeframe: Coin360 Afte

Osprey alleges its only competitor on the BTC OTC trust asset market gained its 99.5% market share by misrepresenting the likelihood of its trust becoming an ETF. Digital asset manager Osprey Funds filed suit against Grayscale Investments in Connecticut Superior Court on Jan. 30, alleging violation of the state’s Unfair Trade Practices Act. The suit concerns Grayscale advertising and promotion of the Bitcoin ( BTC ) exchange-traded fund (ETF) it is seeking to create.  Osprey stated in the suit that it is the only competitor to Grayscale on the over-the-counter traded Bitcoin trust asset management market, and Grayscale maintained its leading position through deceit: “Only because of its false and misleading advertising and promotion has Grayscale been able to maintain to date approximately 99.5% market share in a two-participant market despite charging more than four times the asset management fee that Osprey charges for its services.” Specifically, Osprey alleged that Grayscale

In a Jan. 2 email to FTX CEO John Ray, Sam Bankman-Fried offered to meet in New York City around the time he was to appear in court and enter the plea in his criminal case. United States prosecutors in the criminal case against former FTX chief executive officer Sam Bankman-Fried have released text and email messages from SBF to current CEO John Ray. In court documents for the Southern District of New York released on Jan. 30, the Justice Department responded to a motion from Bankman-Fried’s legal team attempting to remove some of the proposed modifications for his bail conditions, which included barring contact with former and current FTX employees. According to prosecutors, SBF attempted to contact both current FTX CEO John Ray and FTX US general counsel Ryne Miller. In an email to Ray on Jan. 2, Bankman-Fried said he hadn’t gotten off “on the right foot” and offered to meet the FTX CEO in person in New York City — he was allowed to leave his parents’ California home to appear i

Gala Games, a blockchain-based gaming platform that rewards users with in-game and non-fungible tokens (NFTs), has released its plans for 2023. Gala Games’ Strategy Per a report shared on January 29, the objective of the platform this year is to continue supporting the broader gaming ecosystem, move to mobile, and carve out market share while anchoring its strategy on four key pillars, touching on sharing updates, conquering mobile, protecting utility, and remaining visible. Gala Games has specified that all games within its ecosystem will use GALA as the primary token. GALA is the native currency of the gaming portal and gifts users to vote on proposals. The platform leverages blockchain technology and aims to lead in the sphere. Over the months, including in 2022, when gaming activities contracted due to an extended bear market that saw crypto assets like Bitcoin and Ethereum more than half from their 2021 peaks, Gala Games continued to strike valuable partnerships. To build on

Strong corporate earnings and investors’ anticipation of a Federal Reserve pivot are helping to cement the case for risk assets like Bitcoin. Bitcoin ( BTC ) price broke above $22,500 on Jan. 20 and has since been able to defend that level — accumulating 40.5% gains in the month of January. The move accompanied improvements in the stock market, which also rallied after China dropped COVID-19 restrictions after three years of strict pandemic controls. E-commerce and entertainment companies lead as the year-to-date market performers. Warner Bros (WBD) added 54%, Shopify (SHOP) 42%, MercadoLibre (MELI) 41%, Carnival Corp (CCL) 35% and Paramount Global (PARA) managed a gain 35% so far. Corporate earnings continue to attract investors' inflow and attention after oil-producer Chevron posted the second-largest annual profit ever recorded, at $36.5 billion. More importantly, analysts expect Apple (AAPL) to post a mind-boggling $96 billion in earnings for its 2022 on Feb. 2. The $2.3 tr

The scammer referred to their pseudonym during a blockchain message argument which may have revealed their actual identity, according to CertiK. Blockchain security firm CertiK believes to have found the real identity of at least one scammer allegedly linked tothe “Monkey Drainer” phishing scam. Monkey Drainer is the pseudonym for a  phishing scammer (s) that uses smart contracts to steal NFTs through a process known as "ice phishing."  The individual or persons behind the phishing scam have stolen millions worth of Ether ( ETH) via malicious copycat nonfungible token (NFT) minting websites to date.  In a Jan. 27 blog , CertiK said it found on-chain messages between two scammers involved in a recent $4.3 million Porsche NFT phishing scam and was able to link one of them to a Telegram account involved in selling the Monkey Drainer-style phishing kit.  Exposing Scammers CertiK investigators uncovered two scammers, Zentoh and Kai, behind the Monkey Drainer kit This

Australia’s financial regulator raised concerns about FTX Australia not long after it began operations in March 2022, according to documents. Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as much as eight months before the exchange met its untimely end in November. According to documents obtained by Guardian Australia, officers of the Australian Securities and Investments Commission (ASIC) were concerned about the way in which FTX Australia was operating as it was able to obtain a license in the country through a company takeover. As per a previous report from Cointelegraph, FTX acquired its Australian financial services license (AFSL) by taking over financial institution IFS Markets in December 2021 before opening up for business months later in March 2022. This is allowed FTX Australia to effectively sidestep the same level of scrutiny that is usually applied to new AFSL licensees, according to its ASIC chief Joe Longo. As

Bitcoin price started another increase above the $23,000 resistance. BTC is rising and the bulls might aim a test of the $25,000 resistance zone. Bitcoin is gaining pace above the $23,500 resistance zone. The price is trading above $23,000 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $23,145 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further towards $25,000 if it stays above the $23,450 support zone. Bitcoin Price Starts Increase Bitcoin price remained well bid above the $22,500 support zone . BTC formed a base and started a fresh increase above the $23,000 resistance zone. The bulls were able to pump the price above the $23,200 resistance and the 100 hourly simple moving average. The price even cleared the $23,500 resistance zone and traded to a new yearly high at $23,950. During the increase, there was a break above a key contracting triangle with resistance near $2

Bitcoin's huge price surge in January has meant that 64% of Bitcoin investors are in profit, according to data from IntoTheBlock. Bitcoin (BTC) has just clocked its 11th consecutive day outside the “Fear” zone in the Crypto Fear and Greed Index, cementing its longest streak out of fear since March 2022. Bitcoin Fear and Greed Index is 61 - Greed Current price: $23,780 pic.twitter.com/U5gxN3AwnT — Bitcoin Fear and Greed Index (@BitcoinFear) January 30, 2023 It comes as Bitcoin hit $23,955 at 8:10 pm UTC time on Jan. 29, becoming this year’s newest all-time high. Though it has since come back down slightly to $23,687 at the time of writing. Meanwhile, Bitcoin sentiment is currently sitting firmly in the “Greed” zone with a score of 61, which hasn’t been seen since the height of the bull run around Nov. 16, 2021, when the price was about $65,000. Bitcoin Fear and Greed Index over the last 12 months. Source: Crypto Fear and Greed Index. However, despite Bitcoin’s strong

The high court will now decide whether to declare the 'crypto bill' unenforceable or to approve it with modifications. Panama's crypto bill saga has reached a new chapter, with the country's Supreme Court deciding the future of the local crypto industry. Panama's President Laurentino Cortizo sent on Jan. 26 the Bill No. 697, dubbed the "crypto bill," to the high court for review and approval, after objecting to the legislation, claiming it violated the constitution's core principles and was unenforceable. The Supreme Court must now decide whether to declare the legislation unenforceable or to approve it with modifications. According to an official statement, the government considers articles 34 and 36 of the bill unenforceable, since they violate the state's separation of powers and establish administrative structures within the government. President Cortizo also argued that the bill had been approved through an inadequate procedure, follow

Bitcoin bulls look to push BTC price to $24,000 and in doing so, LTC, AVAX, APT and FTM could extend their monthly gains. Bitcoin ( BTC ) has rallied nearly 40% so far in January, which is the best start to the year since 2013 . The sharp up-move has turned several on-chain signals bullish , according to on-chain analyst Cole Garner. Usually, a sharp recovery from the market lows, driven by the leader, is a sign that strong hands may be buying aggressively. That could be because traders believe the selling may have been overdone in the near term or they found the valuation to be attractive. Crypto market data daily view. Source: Coin360 After the initial runup, a swift correction could be expected, which will shake out the weak hands. The next fall will also confirm whether Bitcoin has formed a bottom or not. If the low is confirmed, several altcoins may start to outperform Bitcoin in the near term. Which altcoins are showing promise in the near term? Let’s study the charts of