• Despite the collapse of the world’s largest crypto exchange FTX, Miami Mayor Francis Suarez is still a Bitcoin believer.
• Suarez believes that Bitcoin can provide numerous benefits not offered by the fiat currency system, and that much of the panic surrounding FTX and crypto is “media driven.”
• Suarez suggests that regulators should provide more clarity for the industry in order to prevent similar disasters from happening in the future.

Despite the recent collapse of FTX, one of the world’s largest crypto exchanges, Miami Mayor Francis Suarez remains a Bitcoin believer. The mayor believes that the asset can provide numerous benefits not offered by the fiat currency system, and that much of the panic surrounding FTX and crypto is „media driven.“

In an interview with CNBC on Friday, Suarez was asked if he thought regulators had played a role in allowing the FTX disaster to develop and eventually explode. Certain industry leaders, such as Coinbase CEO Brian Armstrong, have blamed a lack of regulatory clarity in the U.S. for driving the industry to unregulated venues. Suarez believes that regulators should provide more clarity for the industry in order to prevent similar disasters from happening in the future.

The mayor is a firm believer that the asset can still provide numerous benefits to the economy, such as increased efficiency, transparency, and liquidity. He also believes that the asset has the potential to replace the dollar as a global reserve currency.

However, Suarez does acknowledge the risks associated with investing in the asset. He urges investors to be aware of the volatility of the asset and to only invest what they can afford to lose. He also believes that investors should conduct their own due diligence before investing in the asset.

Despite the recent collapse of FTX, Suarez is still a firm believer that Bitcoin can be a major game-changer for the economy. He believes that the asset can provide numerous benefits not offered by the fiat currency system and that regulators should provide more clarity for the industry in order to prevent similar disasters from happening in the future. He also urges investors to be aware of the risks associated with the asset before investing.

• Bitcoin touched a new monthly high of $17,500.
• Ripple was the best performing altcoin, increasing by 4%.
• Bitcoin has been gaining value steadily since the start of 2021.

Bitcoin, the world’s largest cryptocurrency, has been steadily increasing in value since the start of 2021. Over the past week it had climbed up to the $16,500 mark, and then on Monday morning, it finally breached the $17,000 line. This was the first time in a while that Bitcoin had been above this mark and it hasn’t looked back since. In fact, it has been steadily increasing in value, and earlier today it tapped a new monthly high of $17,500.

Among the larger-cap altcoins, Ripple was the best performer today, increasing by 4%. This jump was enough to make it the best performing altcoin of the day. The majority of other altcoins were slightly in the green as well, indicating that the market is bullish.

Overall, Bitcoin’s performance has been encouraging and with no signs of slowing down, it appears that the cryptocurrency’s value will continue to increase throughout the year. This is great news for investors and could lead to a bright future for the cryptocurrency market.

• Wash trading continues to plague the crypto market, according to a paper published by the National Bureau of Economic Research (NBER).
• 29 major exchanges, such as Binance, Coinbase, and Huobi, were studied from July 9th to November 3rd, 2019.
• The paper found that an overwhelming number of unregulated crypto exchanges accounted for a sizeable portion of wash trades with 70% total reported volume.

Crypto trading has been on an ever-increasing trajectory since its advent a decade ago. With a growing number of crypto exchanges, investors have been flocking to the crypto market to benefit from its high returns. However, this has also resulted in a surge of fraudulent activities in the market, such as wash trading.

Wash trading is a form of market manipulation where an investor simultaneously sells and buys the same financial instruments in order to artificially drive up the volume and liquidity on an exchange. This in turn leads to misleading trading signals, as well as an inflated market value of the asset being traded.

A paper titled „Crypto Wash Trading,“ published by the National Bureau of Economic Research (NBER), set out to understand the prevalence of wash trading in the crypto market. The paper studied 29 major exchanges, such as Binance, Coinbase, and Huobi, as well as lesser-known exchanges from a period of July 9th to November 3rd, 2019.

The paper found that an overwhelming number of unregulated crypto exchanges accounted for a sizable portion of wash trades. The researchers found that these exchanges had a total reported volume of 70%, with their rankings on third-party websites moving up by 46 positions. This demonstrates the impact of wash trading in inflating the volume and liquidity of an exchange.

The paper also noted that some of the Tier-1 exchanges had a wash trading volume of around 8%. This figure is significantly lower compared to the Tier-2 and Tier-3 exchanges, which had a wash trading volume of around 36% and 47%, respectively. The researchers found that the Tier-2 and Tier-3 exchanges tended to be more susceptible to wash trading than the Tier-1 exchanges.

The paper concluded that wash trading remains a persistent problem in the crypto market. It noted that the lack of regulatory oversight and the lack of transparency in the crypto market are to blame for the prevalence of wash trading. It further suggested that regulators and exchanges should work together to create a more transparent and secure trading environment.

Overall, wash trading continues to be a major issue in the crypto market. While the prevalence of wash trading may be difficult to eliminate entirely, regulators and crypto exchanges should continue to work together to mitigate the impact of wash trading in the market. This will help to ensure that investors have access to accurate and reliable trading signals, allowing them to make more informed trading decisions.

• Bitcoin is set to close out 2022 with a 65% yearly drop in USD price action.
• The asset’s price tumbled amid macroeconomic hurdles, industry collapses and scams.
• BTC slipped to a new 10-day low of way below $16,500 yesterday.

As the year 2022 draws to a close, Bitcoin is set to end the year with a 65% drop in USD price action. This year has been a particularly difficult one for the asset, with its price tumbling amid a slew of macroeconomic hurdles, industry collapses and scams. Even on the micro scale, BTC has been performing poorly, slipping to a new 10-day low of way below $16,500 yesterday.

The year began on a rather positive note, with Bitcoin having established an all-time high of $69,000 in the previous year. Many were expecting the asset to double down and keep charting new peaks, with the $100,000 milestone being the next one to watch out for. Unfortunately, the asset was unable to sustain the upward momentum, and its price began to slowly descend.

The initial drop was largely attributed to the US government’s decision to increase the capital gains tax from 20% to 39.6%. This severely hindered investment activity, with many traders deciding to hold off their investments for the time being. Furthermore, the asset was hit by a series of industry collapses and scams, such as the now-infamous QuadrigaCX scandal.

The situation was further exacerbated by the global macroeconomic environment. Lockdowns, restrictions, and the overall economic uncertainty caused by the pandemic caused investors to become wary, and the asset’s price began to dip further.

The situation has been bleak throughout the year and the asset has been unable to make any significant gains. This has been reflected in the BTC/USD chart, with the pair showing a steady downward trend. This has been especially evident in the last few weeks, as the pair fell below the $17,000 mark.

It remains to be seen whether the asset will be able to make a strong recovery in the coming year. The current macroeconomic environment remains uncertain and the industry is still plagued by a number of scams and collapses. However, if the asset is able to make a strong comeback, then 2022 could be remembered as a year of growth and progress.

• Ethereum co-founder Vitalik Buterin recently showed support for the Solana blockchain after it was hit by the FTX bankruptcy filing.
• Buterin believes that the bad actors have been washed away, giving Solana a greater chance of thriving in the future.
• Since then, projects have left the network, while the native SOL token lost a significant chunk of its USD value.

The crypto industry was recently shaken by the bankruptcy filing of FTX, one of the leading cryptocurrency exchanges in the world. As a result of the filing, the Solana ecosystem was significantly impacted, with projects leaving the network and the native SOL token losing a significant chunk of its USD value. Despite this, Ethereum co-founder Vitalik Buterin recently showed his support for the blockchain, believing that it still has intrinsic value and can recover from its current predicament.

Buterin expressed his views in a tweet on December 29th, in which he said that the recent events in the crypto industry have washed away bad actors from the ecosystem, giving Solana a greater chance of thriving in the future. This statement has been echoed by many in the crypto community, with some believing that the removal of such actors could be beneficial for the blockchain’s long-term growth.

The Solana blockchain was once regarded as an „Ethereum killer“, due to its high transaction speeds and low fees. However, the impact of the FTX bankruptcy filing has been significant on the network, with projects leaving the network and the native token losing a significant chunk of its USD value. Despite this, many are still optimistic about the network’s future, with Buterin’s comments giving them further hope.

In the long-term, it is unclear how Solana will fare in the ever-evolving crypto landscape. However, with the support of Ethereum’s co-founder, the blockchain may have a chance of recovering from its current predicament and becoming a major player in the industry. Only time will tell whether this prediction will come true, but for now, the future of Solana looks promising.

• FTX Japan, the Japanese division of the bankrupt crypto exchange, plans to re-enable customers’ withdrawals in mid-February next year.
• The exchange is working with Liquid, a Japanese platform acquired by FTX this year, to facilitate the refund process to users.
• FTX Japan earlier pledged to build a new system different from the one used by its parent company to enable customers to access their funds on the platform.

FTX Japan, the Japanese subsidiary of the now-bankrupt crypto exchange, has announced that it plans to resume customer withdrawals in mid-February of next year. Last month, the exchange had to suspend its operations after its parent company filed for bankruptcy, leaving customers unable to access their funds.

In order to ensure customers can retrieve their funds, FTX Japan has decided to collaborate with Liquid, a Japanese platform acquired by FTX earlier this year. The platform will be used to facilitate the refund process to all users. Additionally, FTX Japan has also promised to build a new system, distinct from the one owned by its parent company, to enable customers to access their funds on the platform.

The exchange has also announced that it will shut down its business operations once users withdraw their assets from the platform. The announcement comes after a string of legal issues forced FTX’s parent company to file for bankruptcy in November. However, the exchange has reassured customers that their funds will remain safe and secure until the withdrawal process is completed.

FTX Japan has also promised that it will provide customers with regular updates on the status of the withdrawal process, so that they can plan accordingly. The exchange is also working closely with its legal team to ensure that all customers are able to access their funds without any issues.

It is not yet known how many customers will be affected by the withdrawal process, but FTX Japan has promised that it will do its best to ensure that all customers are able to access their funds. It remains to be seen how FTX Japan will be able to manage the withdrawal process, but the exchange is confident that it will be able to provide customers with a satisfactory experience.

• The primary cryptocurrency Bitcoin dropped to a weekly low of under $16,500 in the past 24 hours.
• Most altcoins are also in the red, including substantial losses from Solana and Terra Classic.
• Bitcoin had a calm weekend, in which it stood at around $16,800 without any movements in either direction.

The digital currency market experienced some volatility in the past 24 hours, with Bitcoin dropping to a weekly low of under $16,500. This decline was accompanied by a dip in most major altcoins, including substantial losses from Solana and Terra Classic.

The weekend was relatively calm for Bitcoin, as the primary cryptocurrency stood at around $16,800 without any significant movements in either direction. This resulted in the asset closing the week at the same spot where it was seven days ago. However, the start of the new week saw a minor leg-up that drove the asset to almost $17,000, but it failed to break the resistance, as has been the case for the past several weeks.

The drop in BTC was accompanied by a decline in most altcoins. Solana (SOL) was one of the worst performers, as the asset is currently trading at around $9.50, a significant drop from its $13.50 high on Friday. Terra Classic (LUNC) also suffered losses, dropping by 8% in the past 24 hours. Ethereum (ETH) and Litecoin (LTC) were also in the red, but their losses were more modest compared to those of the other two altcoins.

Overall, the market is still in a state of flux, with Bitcoin only a few percentage points away from its all-time high. The digital currency is expected to remain volatile in the coming days, as investors try to ascertain the direction of the asset. However, it is likely that most altcoins will continue to suffer losses, as the focus remains on Bitcoin.

-YES WORLD Token, operated by YES WORLD Climate Tech Pte Ltd based out of Singapore, has reached a significant milestone of 100k holders.
-The number of holders for the cryptocurrency has doubled within the last two months and the token’s price has risen by over 35% in the last three months.
-Chart analysis indicates that this uptrend may continue in coming months also.

YES WORLD Climate Tech Pte Ltd, a blockchain-based climate tech startup based out of Singapore, has reached a significant milestone of 100,000 holders for its leading utility token, YES WORLD Token. This is quite a remarkable achievement, as the number of holders for the cryptocurrency has doubled within the last two months.

The rise in interest from crypto enthusiasts worldwide has been reflected in the token’s price and volume as well. According to data from CoinMarketCap, YES WORLD Token price has shot up by more than 35% in the last three months, and chart analysis indicates that this uptrend may continue in the coming months as well.

The YES WORLD Token is expected to become a major player in the blockchain-based climate tech industry. Its utility token model has been designed to provide users with a wide range of benefits, such as access to exclusive discounts and rewards, and the ability to use the token for a variety of transactions.

At the same time, the YES WORLD Token is also being used to raise funds for various climate-related initiatives. This includes a number of initiatives that support the development of renewable energy sources, green energy projects, and other initiatives that help to reduce global carbon emissions.

The YES WORLD Token has also been designed to be a compliance-friendly cryptocurrency, and is compliant with all major regulations, such as the Singapore Anti-Money Laundering Act (AMLA). This ensures that the token is secure and safe to use, and that users can rest assured that their funds are safe.

All in all, the YES WORLD Token is on track to become a major player in the blockchain-based climate tech industry. Its utility token model has been designed to provide users with a wide range of benefits, and its compliance-friendly nature ensures that users can trust the token and use it for a variety of purposes. As the number of holders continues to grow, the token’s price and volume are sure to follow, and the YES WORLD Token will become a major player in the climate tech industry.