25% of Crypto Tokens in 2022 Were Fake: Chainalysis Report

• Chainalysis, a blockchain analysis firm, found that 25% of the digital tokens introduced in 2022 were scams designed to make off with investor funds.
• These scams involve developers or executives talking up the token and getting investors interested, then running away with their money once the price of the token has risen.
• Pump-and-dump schemes are seen as destructive to the reputation of cryptocurrency and could be preventing mass adoption.

Chainalysis Report: Most Tokens in 2022 Were Fake

Chainalysis, a blockchain analysis firm, recently released a report detailing its findings on digital tokens introduced in 2022. According to their research, nearly 25 percent of these tokens were fake – scams set up to defraud investors out of their money.

Pump-and-Dump Schemes

Many of these tokens had clear signs of being pump-and-dump schemes. In such schemes, developers or executives talk up a certain token and get investors excited about it – often through fear of missing out (FOMO). Then when enough people have put their money into it and the price has risen significantly, the scammers shut down the operation and run away with everyone’s funds.

Ease Of Execution

Chainalysis noted that pump-and-dump schemes are easy for bad actors to execute due to how simple it is to launch new tokens and establish an artificially high market capitalization for them by controlling supply levels. Furthermore, teams launching new projects can remain anonymous which makes it possible for serial offenders to carry out multiple pump-and dump schemes.

Destructive To Crypto Industry Reputation

The company also pointed out how damaging this is for crypto’s reputation since pump-and -dump schemes have become so common within this industry. Many believe that cryptocurrency is approaching an inflection point that could spark mass adoption but if people perceive crypto as full of fraudsters looking to take advantage of unsuspecting newcomers then this will be difficult to achieve.

Red Flags

The report discussed more than one million transactions from over 1,000 digital asset addresses related to pump-and -dump schemes in 2021 alone showing just how widespread these scams really are. It’s important for investors and traders alike to be aware of suspicious activity surrounding any given crypto asset before investing in it so they don’t fall victim themselves.

El Salvador’s Risky Love Affair with Bitcoin Draws Attention from IMF

• The International Monetary Fund (IMF) has warned that El Salvador’s adoption of Bitcoin as legal tender carries certain risks.
• The IMF believes the legal risks, fiscal fragility, and speculative nature of crypto markets should be reconsidered by the authorities.
• The IMF plans to closely monitor El Salvador’s use of Bitcoin in order to ensure transparency and safety.

El Salvador Declares Bitcoin as Legal Tender

In September 2021, El Salvador became the first nation to declare bitcoin as legal tender, allowing businesses within its borders to accept BTC alongside the local fiat currency USD for goods and services. This decision was met with caution from the international community, particularly from the International Monetary Fund (IMF), who were concerned about the potential risks associated with this move.

The IMF’s Warning

In response to El Salvador’s decision, the IMF issued a statement warning that government exposures to bitcoin should be reconsidered given its „legal risks, fiscal fragility, and largely speculative nature“. Despite this warning, El Salvador remains steadfast in their support for bitcoin and is now facing an increase in volatility due to its recent decline from a peak price of $68,000 per unit down to $21,000 at time of writing.

The IMF Will Keep an Eye on El Salvador

Despite expressing concerns over El Salvador’s adoption of bitcoin as legal tender, the IMF has stated that no major issues have arisen yet but they will continue to monitor the situation closely in order to ensure transparency and safety. Furthermore, they predict that tokenized bonds based on bitcoin may emerge in the near future due to how heavily regulated it has become in this country.

Bitcoin Price Fluctuations

The rapid fluctuations in value of BTC during this period have had a significant impact on El Salvador’s economy which is already burdened with limited resources. Many experts believe that these fluctuations could potentially lead to a sharp decline if proper precautions are not taken by authorities in order to protect citizens from any potential losses incurred from investing or using digital assets such as bitcoin.


While it remains uncertain whether or not El Salvadors dedication towards BTC will pay off in terms of economic growth or stability over time however one thing is for certain -the International Monetary Fund will continue watching closely and voicing their opinion regarding any changes or updates pertaining to this matter.

Riot Blockchain Sets Record High in Crypto Mining, Despite Difficult Weather

• Riot Blockchain – one of the largest and most recognized crypto mining facilities in the world – reported that January was its best month to date in terms of crypto extraction.
• Mining has taken a real hit due to inflation, energy prices skyrocketing, and bitcoin hitting recent lows.
• Despite damage from heavy storms and harsh weather, Riot Blockchain was still able to set a new record for extracting 740 BTC units from the blockchain.

Riot Blockchain Reports its Best Month

Riot Blockchain, one of the largest crypto mining facilities in the world, reported that January was its best month ever in terms of crypto extraction. The company managed to pull as many as 740 BTC units from the blockchain two months ago, their highest number ever.

Mining Becomes More Difficult

Since mid-2022, reports have suggested that mining has become much harder given the bearish sentiment of the space. 2022 saw an overall drop in all assets resulting in a loss of more than $2 trillion in valuation over 12 months with bitcoin taking a 70 percent plunge from its mid-November 2021 high into the mid-$16K range. This caused mining costs to outweigh asset scopes leading many miners to pay more for their rewards than receive them.

Riot Suffers Setbacks

Despite this success story, Riot has also been forced to shut down temporarily due to damage caused by heavy storms and harsh weather conditions in Texas where they are situated. Due to this setback, CEO Jason Les announced that they are expected to delay their target of reaching 12.5 EH/s hash rate capacity by Q1 2023.

Record Results Despite Setback

Nevertheless, Riot was still able to set a record despite such trouble and Les commented on their progress: “We are thankful for our team’s progress despite difficult weather conditions” and mentioned they were evaluating several options going forward regarding their future plans.

Hope for Miners Everywhere

This is good news giving hope not only for Riot but also miners everywhere that even though mining has become increasingly difficult due to recent market trends there is still potential profit out there if done correctly.

Revolutionize EV Charging: Join C+Charge’s Presale and Make a Difference!

• C+Charge is a crypto project that aims to provide a more sustainable and rewarding future for electric vehicles (EVs).
• The current EV system is plagued with issues like lack of transparency, lack of uniformity, and lack of rewards.
• C+Charge is addressing these issues by creating an ecosystem that makes the EV system more transparent, introduces a uniform P2P payment system, and makes owning an EV more rewarding.

The Challenge of EVs

The current electric vehicle (EV) market faces various challenges in terms of transparency, uniformity and rewards. With no way to know what their charging costs will be prior to arriving at the station, users are often surprised by high prices. Furthermore, there is no consistent way to pay for charging around the world, making it difficult to charge EVs in different regions. Finally, while subsidies exist for EV owners, they aren’t especially compelling incentives when compared with the convenience and performance provided by traditional combustion-engine cars.

C+Charge Solution

C+Charge is a new crypto project aiming to revolutionize how EVs are charged. By creating a transparent ecosystem providing information on charging costs upfront as well as introducing a universal peer-to-peer payment system for easy international transactions and carbon credits as an incentive for ownership of EVs, C+Charge hopes to make EVs more attractive than ever before.


C+Charge provides users with detailed information about prices up front before they arrive at the charging station. This ensures that users can plan ahead for their journey knowing exactly how much it will cost them to charge their vehicle rather than being surprised by unexpected charges once they reach their destination.


To make paying for electricity easier around the world C+Charge has created a peer-to-peer payment system which allows anyone with internet access to carry out payments quickly and securely without having any knowledge of local currencies or exchange rates between countries. This also eliminates any cross border transaction fees associated with traditional banking systems thus making it even easier for people in different parts of the world who need access to electricity can access without any hassle or delays due to currency conversion differences..


In order to entice people into switching from traditional vehicles towards electric ones C+Charge provides carbon credits as incentives allowing users who own electric vehicles to offset some of the cost associated with running them through discounts from businesses who have partnered up with C+ Charge . These credits incentivise people into purchasing electric cars over petrol/diesel ones leading us towards greener transportation choices going forward..

Fetch.ai Price Soars: Up 22% This Week and 425% YTD!

• Microsoft recently invested $10 billion in OpenAI, causing investor interest in the Artificial Intelligence (AI) space to increase.
• Fetch.ai’s native token FET has been performing well since then and is currently hovering around $0.4730 after rallying 7% in the past 24 hours.
• JP Morgan recently revealed that investors, especially institutional, see AI shaping the trading industry in the future and investors may find AI-related coins, including Fetch.ai, to be viable alternatives for long-term value growth.

Microsoft’s Investment Sparks Interest in AI Space

Microsoft recently made a big bet on Artificial Intelligence (AI) by investing $10 billion into OpenAI with hopes of being among the first to benefit from AI’s features for its consumer products like Microsoft Teams and Azure. This investment has caused increased investor interest in the AI space resulting in improved performance of several cryptocurrencies related to this technology including Fetch.ai’s native token FET which has risen more than 425% year-to-date.

Fetch.ai Price Bounces Back Above $0.47

At the time of writing, Feitch.ai’s native token FET is hovering around $0.4730 after rallying 7% in the past 24 hours and up 22% over the past week with a 24-hour trading volume of approximately $190 million and a live market cap of $388 million making it stand #108 on the CoinMarketCap ranking.

JP Morgan Forecasts Future Impact of AI

A recent report by JP Morgan, one of America’s biggest investment banks, revealed that investors are expecting AI to shape the trading industry significantly in future as big companies rush to implement features into their existing and new products such as Chrome where Google is working on integrating AI features into its service offering.

Bulls Eye 53% Gains To $0.72

The Fetch price has broken out from a bullish flag formation leading many analysts to believe that it could soon hit target levels of up to 53%. The immediate resistance level lies at $0.4755 which if cleared could open up a path for prices for rise toward target levels set at about $0.7275 representing an impressive 53% gain from current levels according to technical analysis readings from daily chart patterns..


Investors interested in gaining exposure to Artificial Intelligence related projects can turn their attention towards cryptocurrencies such as fetch which have seen impressive gains over recent times due largely enthusiasm sparked by major investments such as Microsoft’s foray into OpenAI with plans integrated various products with AI capabilities coupled with forecasts from JP Morgan regarding how significant impact this technology will have on trading industries moving forward making these cryptos viable long term investment options worth considering..

Rocket Pool Soars 13% as Kraken Ends Staking Ops

• Rocket Pool (RPL) outperformed Bitcoin and Ethereum on Friday, rising by over 13%, while BTC and ETH fell by close to 4% and 6% respectively.
• Rocket Pool is a decentralized network of nodes that simplifies the staking process for the Ethereum 2.0 blockchain by providing validation services.
• The platform offers tokenized staking, where users can receive the rETH token which represents their stake and yield. This token can be used like other ERC-20 tokens such as selling, using in DeFi platforms, or holding in cold storage.

What is Rocket Pool?

Rocket Pool is a decentralized network of nodes that aims to simplify the staking process for the Ethereum 2.0 blockchain by providing validation services. The platform enables users who lack the necessary minimum ETH required for staking, or technical expertise, to participate by staking only 16 ETH instead of the standard 32 ETH. This process is completely automated by Rocket Pool and requires no interaction from the user.

How Does it Work?

Rocket Pool operates by running nodes that verify transactions for Ethereum 2.0. Investors can begin staking by depositing ETH and becoming node operators. If only 16 ETH is deposited, the platform matches it with another user’s deposit to meet the 32 ETH requirement for validating transactions on Ethereum 2.0 blockchain .The node earns a flexible APY, which is distributed among all investors proportionally based on their contribution tostaking pools .

Tokenized Staking

The platform offers a convenient solution for those who wish to participate in staking without hassle or technical requirements; however still requires commitment of locking up tokens for significant amount of time – just like other staking solutions . To mitigate this risk , Rocket Pool offers tokenized staking . When staking 16 or 32 ETH , users receive rETH token which represents their stake and yield . This token can be used just like other ERC-20 tokens such as selling , using in DeFi platforms , or holding in cold storage .

Biggest Crypto Gainers Today – February 10

On Friday ,Rocket pool witnessed $1.1 billion in Ethereum stacking while rumours around removal of stacking were surfacing market ; rocket pool managed to make two digit percentage returns in last 24 hours noting down 13 % return at time of writing when Kraken – popular crypto exchange shut down its stacking operations due to SEC settlement


Rocket Pool provides an easy way for investors who don’t have enough funds or technical knowhow to participate in Ethereum 2.0 blockchain validations through its automated system with minimum deposits required . Through Tokenized Stakes , users are able to receive returns from their investments without having worry about locking up tokens for long periods of time as well being able use these same tokens just like any other ERC-20 tokens

Polygon Set to Soar: Will Latest Developments Push MATIC to New Highs?

• Polygon (MATIC) is a network providing developers the right tools to optimize speed and reduce transaction costs across blockchains.
• MATIC has enjoyed a surge in price since 2023, however its price has come down in recent days.
• Despite this, MATIC is expected to rally again in the coming days due to its golden cross formation, while further developments such as staking and high yield pools are likely to push the price higher.

Overview of Polygon Network

Polygon (MATIC) provides developers with the right tools to optimize speed and reduce the cost of transactions across blockchains. The network’s focus is primarily on the Ethereum network. Since 2023, Polygon has seen an increase in value but market conditions have caused a slight decrease in its valuation over the past few days.

MATIC Price Prediction

At present, MATIC is trading at $1.09 which represents a 2.81% decline from yesterday’s close prices. On the daily chart, bearish pressure can be seen as indicated by candlestick patterns. However, both long-term and short-term signals seem promising for MATIC investors as both 50-day SMA and 200-day SMA remain above each other following a „golden cross“ formation – suggesting that it will reclaim its former all time high of $1.18 soon enough if bulls can maintain pressure on bears moving forward. Potential support levels are at $0.944414, $1.008853, and $1.047198 while resistance levels rest at $1.149981, $1..214420 and $1..252764 respectively; should support break then MATIC could drop back down to January 25th’s low of $0.9936 before rebounding again over time given its bullish indicators such as RSI (60) and MACD (above signal line).

Matic Network Enables Staking Feature

In January 2021 Polygon announced that users would now be able to stake their MATICS tokens for MaticX which would provide them with a 6% return rate for doing so – this was followed up with allowing users to deposit their tokens into Aave as collateral in order to loan out stablecoins up until 40% LTV with an interest rate charge of 2%. Furthermore users have access to high yield pool hosted on Polygons networks made available through Yield Optimizers that allow them access to more liquidity options than ever before while also providing incentives through rewards based systems depending on various factors such as risk management protocols etc…


Overall it appears likely that MATIC will recover from any pullback it may experience over time due to the technical analysis showing potential for growth given bullish indicators combined with strong fundamentals such as new features being implemented into the platform itself; should all go accordingly then MATIC could very well surpass previous highs of around 1$149981 sometime within these coming weeks or months ahead .


This article is not intended nor implied to be financial advice – please do your own research prior making any investment decisions based off of any information provided herewith or otherwise stated within this website/article/etc… We sometimes use affiliate links when linking out products or services we recommend – by using those links we might receive commission at no extra cost you – by using this website you agree our terms & conditions & privacy policy..

Bitcoin Price Prediction: Bulls Testing Resistance at $23,000

• Bitcoin’s price prediction is looking bullish and is currently testing the resistance level of $23,000.
• If the Bitcoin price breaks above the resistance level of $24,000, it could set the pace for a larger increase to $27,000, $28,000, and $29,000 resistance levels.
• A failure to clear the resistance level of $23,000 could push the Bitcoin price to experience a new decline to $20,000, $19,000, and $18,000 support levels.

The king of cryptocurrencies, Bitcoin, is on a bullish run as the Bitcoin price prediction revisits the resistance level of $23,000. The Bitcoin market cap has reached an all-time high of $443.7 billion, with a circulating supply of 19.2 million and a total supply of 19.2 million. Bitcoin has been facing an upward momentum as the 9-day moving average trend line is moving above the 21-day moving average in preparation for a bullish run.

The technical indicator Relative Strength Index (14) is hovering within the overbought region in an attempt to retain the bullish movement. If the Bitcoin price breaks above the resistance level of $24,000, it could set the pace for a larger increase to $27,000, $28,000, and $29,000 resistance levels. On the other hand, if the Bitcoin price fails to clear the resistance level of $23,000, it could experience a new decline to $20,000, $19,000, and $18,000 support levels.

A successful break of the $24,000 resistance could open up a new window of opportunity for Bitcoin to reach its all-time high of $20,000. This could be the first sign of a new bull run in the market. However, it is important to note that the Bitcoin price could be subject to short-term corrections, which could lead to a retracement of the king coin back to the $20,000 level.

Traders and investors should be cautious and prudent in their trading decisions as the Bitcoin market is unpredictable and volatile. They should always use stop loss and limit orders to safeguard their trading capital. Additionally, they should monitor the market closely and be aware of the latest news and developments that could affect the price of Bitcoin.

Bitcoin Tests $21.5K Resistance: Can Buyers Push Prices Above?

•Bitcoin is currently trading below the recent high and is challenging the resistance level of $21.5K.
•The bullish run has slowed as the digital asset approaches the $21.5K resistance level.
•If buyers are able to hold prices above the $21.5K high, further increases are possible, with the next target being the previous high of $22,781 or $25,212.

The largest cryptocurrency, Bitcoin, is currently trading below the recent high and is challenging the resistance level of $21.5K. As BTC/USD has retested the historical price level of $21,480 set on November 5th, the bullish run has slowed as the digital asset approaches the $21.5K resistance level.

At the time of writing, Bitcoin is trading at $21,280.48, with a market cap of $409,964,799,905 and a circulating supply of 19,265,443 BTC. Bitcoin’s total supply is 446,875,828,290 BTC, and it remains the top-ranked cryptocurrency according to Coinmarketcap.

Following the current market recovery, Bitcoin has reclaimed the $21,000 support level and is now attacking the $21,500 resistance level. Buyers are attempting to hold prices above the $21,500 high as they want to restart a new upswing.

If buyers are able to maintain the price above the $21,500 high, further increases are possible, with the next target being the previous high of $22,781 or $25,212. However, given the current overbought condition of the market, an upward movement is unlikely. Nevertheless, an overbought condition might not last in a market that is strongly trending.

On the other hand, if sellers take control of the market and push prices below the $21,500 resistance, BTCUSD could return to the November 5th price level of $21,480. A further decline could push prices back to the $20,000-$19,000 range.

Overall, Bitcoin is in a precarious position as it attempts to break through the $21,500 resistance level. The outcome of this battle between buyers and sellers will determine the direction of the market in the near future.

Aptos (APT) Sees 35% Increase in Price Amid Crypto Market Growth

• Aptos (APT) is the native token of a layer-1 proof-of-stake (PoS) blockchain platform.
• The blockchain network, Aptos, is developed by Aptos Labs and utilizes the Move programming language.
• The price of Aptos has increased by more than 35% from the last day, and its value has gone up by more than 52%.

On January 10th, the crypto market experienced a growth of 0.03%, with the overall volume of the industry increasing by 47.54%. As a result, certain crypto assets have seen an increase in their prices, including Aptos (APT).

Aptos is the native token of a layer-1 proof-of-stake (PoS) blockchain platform which is developed by Aptos Labs. The primary goal of the network is to ensure the mainstream adoption of Web3 technology and create a network of DApps for dealing with real-life issues. To achieve this, the network makes use of the Move programming language that was developed by Meta in order to introduce the Libra blockchain and improve its security and scalability. Furthermore, Aptos is capable of executing more than 150,000 transactions per second.

At the time of writing, the price of Aptos is $5.69, which is an increase of over 35% from the previous day. This crypto has also seen a rise in its value of more than 52% in the last seven days. Its all-time high value is $10.25, and its present market capitalization is over $1.6 billion.

In conclusion, it is clear that Aptos has seen a surge in its value in the last 24 hours and is on the rise in the crypto market. As the industry continues to grow, the value of Aptos is likely to follow the same trend in the near future.