As the year comes to an end with no significant triggers for a rally on the horizon for Solana, the focus has shifted to how SOL will begin 2023 at a point the network is recording increased development activity. In this line, the machine learning-based algorithms at PricePredictions that put into consideration metrics like moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), and Bollinger Bands (BB), among others, indicate that SOL is in line to sustain a consolidation momentum on the first day of 2023....

Indeed, virtual trading volume tracking sales for 18 metaverse virtual land projects plunged by about 98% from 2021’s high as of September 12, 2022. The volume peaked in November 2021 at slightly above $8 million, according to Delphi Digital data published on September 21. Notably, the slump in trading volume follows the metaverse’s boom that was triggered by firms like Facebook’s parent company Meta (NASDAQ: FB). However, the suppressed volume should not come as a surprise, considering an ongoing meltdown in the broader crypto market alongside the general economy....

A new study forecasts that the value of this metaverse land market will continue to increase at an exponential rate, according to research on the worldwide market conducted by Technavio published in a press release on July 22. Indeed, the market research firm identified that the value of the virtual real estate in the metaverse is expected to increase by $5.37 billion by the year 2026. This growth is expected to be driven by two different factors....

According to data from CryptoArt, there have been over $200 million in sales of digital artwork for March alone. This figure is more than the past 12 months combined according to the data provider. Sales for February were around $91 million with January even lower at around $12 million. The Nifty Gateway was the biggest marketplace in terms of sales with $140 million, followed by SuperRare with almost $30 million in sales for March....

According to data acquired by Finbold, Nigeria and South Korea top globally among countries that made online purchases via mobile devices, with both accounting for 65% of all eCommerce transactions as of April 2021. China ranks third, tied with Indonesia, representing 64%. Among the top ten countries, Asia is dominating, accounting for 80% of the entrants. In North America, Mexico tops with 53% of all eCommerce transactions going through mobile devices, ranking 16th overall....

Sichuan, which is mainly reliant on renewable hydropower, has ordered cryptocurrency mining firms to cease operations, following Inner Mongolia, Xinjiang, and China’s fourth-biggest mining province Yunnan. Thus the essential component in mining operations is much more inexpensive in the nation, but it leaves miners with fewer areas to set up a business. Data sees prices drop According to e-commerce information provider Manmanbuy which tracked the price changes, the Nvidia Quadro P1000 model, an entry-level graphics card, was selling for 2,429 yuan (US$376) on a JD....

The deal is a positive indication for Nvidia’s data center business since its accelerated processing and AI capabilities are already experiencing increased usage. In the second-quarter earnings, Nvidia’s data center revenues grew by 35% year-over-year to $2.37 billion, according to the company. Indeed, the firm achieved outstanding second-quarter earnings results, with sales exceeding its management’s forecast. When comparing the annual performance of all equities, we see that NVDA outperforms 89% of the stocks....

Between February 1, 2020, and February 1, 2022, the number of satoshis that could be bought by one U.S. dollar had plunged 75.24% from 10,656 to 2,638, data provided by BuyBitcoinWorldwide indicates. The number of satoshis to be bought is determined by dividing the price of Bitcoin in dollars with 100,000,000, the value of satoshis in Bitcoin. The drop in the amount of satoshis that a dollar can buy has correlated with Bitcoin’s over 300% price surge within the last two years despite episodes of high market volatility....

Between March 20 and March 27, Ethereum’s market cap has gained about $31 billion, from $346.7 billion to $377.1 billion amid the anticipation around the Proof of Stake (PoS) upgrade. Although the market will monitor if the recent gains will extend, Ethereum has sustained the capital inflow for two weeks. The bullishness was awakened from March 15 after the successful launch of the Ethereum “merge” on the Kiln testnet, with experts attributing the upgrade to the rally....

Over the seven days prior to press time, the market capitalization of Zcash increased from $1.70 billion to $2.10 billion for a total of $400 million, recording a remarkable increase of 23.53% in just one week, as per CoinMarketCap data. The increase in market cap was pushed by the seven-day price hike of the Zcash token. At press time, this token was trading at $151.06, a 19.23% increase from $122, which was the price of one ZEC seven days before....

Experts anticipate further upside in the market as Bitcoin (BTC) maintains a price above $65,000 after hitting a new all-time high on October 20, 2021, as the asset skyrocketed on the second day of trading of the highly anticipated ProShares Bitcoin Strategy exchange-traded fund (ETF). Currently, the flagship digital cryptocurrency is trading above $65,948 after breaking past the $64,800 milestone that it had set on April 14, up 1.87% in the last 24 hours and 13....

The prosecution has justified the request to have the founder, Lee Jung-hoon, imprisoned on the grounds that the damage inflicted was significant, South Korean outlet YNA reported on October 25. Lee, the de-facto owner of the exchange, is accused of stealing millions of dollars from Kim Byung Gun, chairman of BK Group, while working on the acquisition of Bithumb. Notably, they jointly registered the BTHMB consortium and were set to get a 50% stake in the exchange....

Indeed, one of the conclusions of the BMC’s ‘Global Bitcoin Mining Data Review’ for Q3 2022 is that global BTC mining consumes only 0.16% of the world’s energy production, as presented in a video streamed on October 18. According to the BMC founder and former MicroStrategy CEO Michael Saylor: Specifically, the total amount of energy utilized worldwide is 165,317 TWh, whereas BTC mining only uses 266 TWh of that energy....

However, you should be aware of the implications of using the Response.Redirect method vs other methods which may be more appropriate for situations that deal with sending users to different pages. HTTP 302 Status An ASP page that contains the Response.Redirect method and is executed by the web server will stop processing the rest of the code on the page and returns a “302 Object Moved” back to the client browser within the header....

London-based Revolut is now Britain’s most valuable fintech company, with a slightly higher market capitalization than mainstream lender NatWest, according to Reuters. The digital banking app was valued at $5.5 billion when it received $500 million in early 2020 and had been aiming for a valuation of about $20 billion as recently as June, based on media estimates at the time. Revolut’s products Founded in 2015 by former Credit Suisse trader Nik Storonsky and developer Vladyslav Yatsenko, the firm now has over 16 million clients and offers services such as foreign exchange, stock, and cryptocurrency trading at costs lower than those of traditional banks....

In particular, the court has granted a motion by lawyer Lewis Cohen to appear in the case on behalf of cryptocurrency venture capitalist firm Paradigm, defense lawyer James Filan revealed in a tweet on December 28. Notably, Cohen had filed the motion to appear Pro Hac Vice, meaning he wanted to be enjoined in the matter in a jurisdiction where he was not licensed to practice. In his motion, Cohen, who also co-authored “The Ineluctable Modality of Securities Law: Why Fungible Crypto Assets are Not Securities,” stressed that there are no pending disciplinary proceedings against him in any state....

With the judgment yet to be known, legal experts are still speculating on the potential outcome and its impact on the cryptocurrency industry. One legal expert, John Deaton, the founder of Crypto Law, recently commented on the case highlighting the SEC’s ‘schizophrenic argument’ regarding what constitutes the common enterprise in the Ripple case and believes that there is a possibility that the presiding judge could deny summary judgment. Notably, a common enterprise is a key factor in determining whether a financial instrument is a security or not....

Speaking with Kitco News on August 9, 2022, Ron Paul, a former Texas Congressman, shared his skepticism about the ‘inevitable collapse’ of the US economy as he discussed the nation’s efforts to manage its debt. Painting a bleak picture for the US economy, Paul stated: He added: Economic collapse Notably, Paul was unable to specify when exactly we could expect the economic collapse to occur. Nevertheless, he remarked that he would like to see the US government cut spending, balance the budget, and take steps to dig its way out of debt instead of piling on more....

In response to the recent proposal, Sergey Katyrin, the chairman of the Russian Chamber of Commerce and Industry, has written to Finance Minister Anton Siluanov asking that crypto mining be elevated to the status of a company and thus removed from the “grey zone,” reports Russian news outlet Tass. Katyrin wrote in the letter: Transparent legal status for crypto Aside from this, Katyrin proposed clarity over the legality of crypto produced by miners, circulation, and status as a payment instrument; he suggested: The Chamber of Commerce and Industry emphasized that the Russian ruble’s position as the country’s official currency should not be questioned at any time....

The S&P 500 closed the week on a positive note, recovering from its 2020 all-time low on March 23, gaining by at least 25%. Generally, the S&P 500 has gained tremendously and the stocks need to hold one critical level to determine whether markets can stabilize or resume their free fall witnessed over the last few weeks. This will give investors some confidence. The stock market has struggled to find a footing as investors attempt to process the duration and economic uncertainty of the Coronavirus pandemic....