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The world of cryptocurrencies is ever-growing, and often, crypto enthusiasts find themselves lost in the constant battle between the bulls and the bears. To facilitate your decision, weve come up with the top three most promising tokens for 2023 Filecoin (FIL), Ripple (XRP) and Collateral Network (COLT).

Collateral Network (COLT) has only begun its presale, but already market analysts from major outlets are indicating this cryptocurrency offers 35x growth potential for early adopters.

>>BUY COLT TOKENS NOW<<

Despite its innovative approach to data storage, Filecoin (FIL) has experienced a significant drop in value. The Filecoin (FIL) value has plummeted by 98% from its all-time high of $237.24 due to a lack of user adoption. As a result, Filecoin (FIL) has been undervalued, failing to capture its true potential.

Filecoin (FIL) has recently experienced a price rejection at the $6.5 level, which means that the price attempted to break through that level but was unsuccessful and has since fallen back down.

Investors might want to seek gains at lower levels, potentially between $4.50 and $6.50, as these levels may offer better opportunities for buying in Filecoin (FIL) at a lower price point.

Yet, Filecoin (FIL) remains a promising project that has the potential to revolutionize the data storage industry. With continued development and adoption, Filecoin (FIL) could see significant growth in the future, especially if a fresh bull market arrives.

>>BUY COLT TOKENS NOW<<

Ripple (XRP) has an ongoing battle with the Securities and Exchange Commission (SEC), which might play a significant role in its future price. If Ripple (XRP) can win its legal case against the SEC, it could surge demand for the cryptocurrency and drive its price higher.

Moreover, several factors contribute to the potential growth of Ripple (XRP), including its partnerships with various financial institutions and its use case as a digital currency for cross-border payments.

At the time of writing, Ripple (XRP) is trading at $0.4948. However, with the crypto market slowly recovering and with Ripple (XRP) winning its battle with the SEC, bullish analysts predict that Ripple (XRP) will reach a maximum price of $0.961, while the Ripple (XRP) minimum price is estimated to be $0.641.

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Collateral Network is a one of a kind platform that enables individuals to use their high-value assets as collateral to obtain loans on the blockchain.

Suppose John is a passionate collector of vintage cars and owns a rare 1967 Shelby Mustang GT500 worth $200,000. However, he needs a short-term loan to cover unexpected expenses. Heres how Collateral Network (COLT) can help him.

John would send his Shelby Mustang to Collateral Network. The car would be authenticated and valued using a proprietary AI technology and stored in a secure facility. An NFT would then be minted representing the physical car on a 1:1 ratio. A 100% asset-backed NFT uniquely identifying Johns Mustang on the blockchain.

The NFT is fractionalized into smaller pieces, allowing multiple lenders to lend smaller amounts of money to John at a fixed interest rate over a specified period. Once John repays the principal loan amount and interest as agreed, the NFT is burned and John receives his vintage car back.

The Collateral Network lending protocol is unique and the only one of its kind in the crypto space. The platform is permissionless and borderless, anyone with a crypto wallet can borrow and lend. This is revolutionary in the trillion-dollar lending marketplace.

Collateral Network has got the crypto community buzzing and expert analysts are forecasting for COLT to deliver investors 35x gains during the presale and 100x once it lists major exchanges.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register

No spam, no lies, only insights. You can unsubscribe at any time.

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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FIL, XRP, and COLT Top 3 Crypto Gainers for 2023 - Crypto News Flash

May 1, 2023 12:00 AM | 2 min read

Everygame Poker is giving free spins on four popular games from Betsoft May 1st to 8th. Depositing players can get free spins on Back to Venus, Thai Blossoms, Fruit Zen and Chilli Pop. Those that use cryptocurrency for their deposit (LiteCoin or Bitcoin Cash) will get 20 extra free spins. Players can win up to $250 with their free spins.

View or download video version of this story with preview of games.

Back to Venus is a space age fantasy where alien plants have superpowers that can lead to out-of-this-world payouts.

The exotic Thai Blossoms has a Sticky Wild Lotus Blossom.

The fluffy pink cherry orchard where Fruit Zen is played may seem serene, but with an expanding Wild that increases chances of hitting a winning combination, it's filled with non-stop excitement!

Chillipop is a sizzling-hot Mexican fiesta.

Cryptocurrency like Bitcoin Cash and LiteCoin is increasingly popular with online casino players.

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In addition to its busy poker tables on the Horizon Poker Network, Everygame Poker offers slots and table games from Betsoft, Nucleus, Tangente and Worldmatch in its growing Casino Games section.

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Everygame Poker Giving 20 Extra Free Spins to Players Depositing with Cryptocurrency - Benzinga

Intel on Tuesday said it begun wrapping up production of its first generation Blockscale cryptocurrency mining chips. The announcement comes only about a year after the Blockscale 1000 family's introduction, marking a fairly rapid turn of events for a product that, at one time, Intel was hoping would let them carve out a slice of a billion dollar business.

Intelinitiated end-of-life processfor its Blockscale 1000-series ASICs (models 1120, 1140, and 1160) on April 7, 2023. Customers who already use these chips must place their orders for the ASICs by October 20, 2023, and Intel will deliver its final Blockscale products to clients by April 20, 2024.

Notably, Intel is closing out production of the Blockscale 1000 family without announcing any successor chips. While the company has confirmed to Tom's Hardware andReutersthat it is not exiting the cryptocurrency mining ASIC business entirely, noting that they "continue to monitor market opportunities," the lack of an immediate successor typically marks the end of the road for a struggling product line. Especially now, as Intel has been very publicly narrowing its product focus in recent months.

"As we prioritize our investments in IDM 2.0, we have end-of-lifed the Intel Blockscale 1000 Series ASIC while we continue to support our Blockscale customers," a statement by the company reads.

Tangentially, Tom's Hardwarenotes that by now Intel has removed virtually all of its Blockscale-related product pages, which essentially means that it is no longer promoting the chips and likely isn't expecting much in the way of new orders, either.

Hive Blockchain was among the largest users of Intel Blockscale-based machines, the bespoke Hive BuzzMiners which the company designed itself and which promise hash rates between 110 TH/s and 130 TH/s. As of January, 2023, the company ordered production of 5800 of such systems and it is unclear whether any more units were planned to be acquired. Other notable Blockscale customers were Argo Blockchain, Block, and GRIID Infrastructure. It's notable that of the few public details of Intel's supply agreements with these customers, GRIID's initial orders for Intel's Blockscale hardware were set to wrap up in May of this year, which aligns closely with Intel's descision to wind-down the business.

First informally introduced by Intel in early 2022 at the annual ISSCC conference as "Bonanza Mine", Intel's Blockscale SHA-256 accelerator chips were developed by Intel's Custom Compute Group, which was part of the now-bifurcated Accelerated Computing Group (AXG). Apparently, there will be no AXG and no Blockscale at Intel any more. Meanwhile, Intel has axed quite a number of businesses ever since Pat Gelsinger returned to the company and was appointed CEO in early 2021.

Among other things, Intel divested its 3D NAND memory production and SSD operations, Optane SSDs and 3D XPoint development, laptop modem business, Barefoot switching unit, and pre-built servers business. This is part of a larger strategy to concentrate on a smaller number of core businesses in which Intel has higher influence and can achieve higher profit margins.

Source: Tom's Hardware & Reuters

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Intel Winds Down Production of Blockscale Cryptocurrency Mining Chips - AnandTech

Last year was a torrid one for those who love cryptocurrencies.

Bitcoin, the biggest and best-known cryptocurrency, fell by 64% during 2022 and Ethereum, the second largest, by 67%.

Dogecoin, the cryptocurrency that started as a joke yet then became beloved by Elon Musk and his followers, fell by nearly 60%.

This year, though, cryptocurrency values have rallied sharply.

Dogecoin is up by nearly 34% since the beginning of 2023, Ethereum by 74% and Bitcoin by a remarkable 80%. The latter hit $30,000 last week for the first time since June last year.

So what's going on?

Interest rates

One factor is the growing consensus this year that the US Federal Reserve is coming close to completing its current cycle of interest rate rises.

Cryptocurrencies, like stocks, remain highly sensitive to what is going on with interest rates and the Fed's rapid series of rate hikes last year was one reason why cryptocurrencies were hammered during 2022.

Risk appetite has recovered this year, as shown by the fact that the Nasdaq - whose heavier weighting in tech stocks makes it inherently riskier than other well-known US stock indices like the S&P 500 or the Dow Jones Industrial Average - is up by 16% so far this year, making it the best performer of the major US indices.

The speculators are back

A second factor is that speculators are back in the market.

Coindesk, the news site that specialises in cryptocurrencies, noted last week that the ratio between Bitcoin's daily trading volumes in spot markets (where someone buys or sells a financial instrument for immediate delivery) and derivative markets (where someone trades derivative products like futures and options and which promise future delivery of the underlying financial instrument) had fallen to its lowest level for 11 months, pointing to renewed speculative activity in the crypto market.

There also appears to be more interest, in particular, from American investors.

The so-called 'Coinbase Premium' tracks the difference between the price at which Bitcoin trades on Coinbase, the most popular crypto exchange in the United States and on Binance, the biggest crypto exchange outside the US.

When the price on Coinbase is at a premium to that on Binance it can be taken as a sign of stronger crypto demand in the US compared with elsewhere.

The price gap was negative last year as prices fell out of bed but, this year, it has been positive - hitting $100 at one point towards the end of March.

Coinbase also has a higher proportion of institutional investors and so the return of this premium may point to renewed interest among professional investors.

Brian Armstrong, the co-founder and chief executive of Coinbase, said this morning there had been a revival of interest on the exchange since crypto prices began to rally.

He told Sky News: "We have seen a resurgence in interest in crypto which is good and perhaps the most exciting thing about it, though, is that we're still seeing a lot of developer activity.

"That, to me, is the most exciting thing because [while] trading is a big use case for crypto, the potential of it is much bigger than that.

"It's really a technology to update the financial system in all aspects, and then a way for people to build new applications on the internet, which people are calling web three."

Mr Armstrong said he thought that, while changing interest rate expectations were a factor behind the rally, it was not the only one at play.

An alternative to the traditional system benefitting from market upset

One of the most interesting aspects of this year's rally in cryptocurrencies is that, while stock markets were rattled by the collapse of Silicon Valley Bank and the rescue of Swiss lender Credit Suisse by its larger rival UBS, cryptocurrencies took those events in their stride.

In some ways, those situations served to remind crypto enthusiasts of Bitcoin's creation, during the global financial crisis, as an alternative to the traditional banking system.

Mr Armstrong added: "Interest rates, obviously, is a factor. [But] I think some of these bank issues that we've seen with SVB and things like that have caused people to sort of question, you know, is the traditional financial system serving my needs or is there another system that's outside of the banking system that people want to actually hold some wealth?

"And so, that's one reason - but the market is very complex."

It may be, though, that the situations affecting SVB and Credit Suisse may also have persuaded some investors that the Fed and other central banks might have to call a halt to raising interest rates and even start to cut them again - something which would be supportive for crypto assets.

If cryptocurrency values have risen, though, the crypto exchanges on which they are traded still face severe headwinds.

Headwinds for crypto exchanges

The collapse in November last year of FTX and the subsequent arrest of its founder, Sam Bankman-Fried, has raised the focus of regulators on the sector.

Binance is being sued by the Commodity Futures Trading Commission, the main regulator of the derivatives market, amid allegations it has been operating illegally in the US, while Coinbase recently announced it is to cut a fifth of its workforce and reached a $100m settlement with New York regulators over anti-money laundering failures.

Coinbase has also recently been sent a 'Wells Notice' by the Securities & Exchange Commission (SEC), the main US securities market regulator, which is usually an indicator of looming legal action.

Mr Armstrong - who is supportive of regulation to build consumer confidence in crypto - said: "We spent a long period of time over the last 10 months, we spent maybe 30 meetings with the SEC, but never got any feedback from them about what we could be doing better, even though we've asked for it.

"We filed a petition on it. And of course, they even allowed us to become a public company in the US, you know, so they reviewed our business very thoroughly during that process.

"So it was really disappointing to see this Wells Notice arrive. Basically, in the US, the SEC is creating this environment of regulation by enforcement.

"We've repeatedly asked them - we just want to have a clear rulebook, you know, publish the rules, and we'll follow them and we'd be happy to. If there's not a clear rulebook, why are their enforcement actions arriving?

"So anyway, the Wells Notice arrived, I think we have a chance to respond in maybe a week or something like that, and we'll see where it goes.

"But we're prepared to defend ourselves in court. We feel like we're well within the rule of law the SEC has not actually even really told us specifically what it's about."

This is a limited version of the story so unfortunately this content is not available. Open the full version

Here to stay

In the meantime, there are plenty of other indications that this asset class is here to stay.

Possibly the most significant of which is the recent announcement from the London Stock Exchange Group (LSEG) that it is to begin clearing crypto derivatives.

LSEG would not have made this move were it not seeing demand among institutions to trade digital assets, with many institutions prevented by regulations from holding individual coins and tokens, but not the derivatives underpinned by them.

That said, it is worth noting that cryptocurrency values have, when significant milestones have been hit, struggled to consolidate gains.

Bitcoin, for example, struggled to hold above $30,000 when it hit that level last week.

And, as regulators around the world increase their scrutiny of the sector, some are openly hostile.

The Reserve Bank of India, for example, has likened cryptocurrencies to a Ponzi scheme and called for them to be banned.

On that basis, it seems as if it will be a while before crypto climbs again to the peaks in valuations seen towards the end of 2021.

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Cryptocurrency exchanges face headwinds even as crypto value rises - Sky News

Coinbase Global Inc COIN CEOBrian Armstrongexpressed concerns about the current regulatory environment for the cryptocurrency industry in the U.S., suggesting the company might contemplate relocating if clarity doesn't improve.

What Happened: "Anything is on the table, including relocating or whatever is necessary," Armstrong stated in response to a question from former U.K. Chancellor George Osborne during London's Fintech Week about whether he could envision Coinbase leaving the U.S., according to Coindesk.

Armstrong emphasized that while the U.S. has the potential to be a significant market for cryptocurrencies, the absence of regulatory clarity is concerning.

"I think in a number of years if we don't see that regulatory clarity emerges in the U.S., we may have to consider investing more elsewhere in the world," he added.

Also Read:Contradictory Statements from US Regulatory Heads Challenge Businesses

Why It Matters: Armstrong also acknowledged the U.K.'s advantage in terms of regulatory clarity, as the country's Financial Conduct Authority (FCA) oversees both commodities and securities.

In contrast, the U.S. has separate regulatory bodies, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).

"You don't have this unfortunate thing happening where the CFTC and the SEC are having a turf battle," Armstrong pointed out.

He further criticized the contradictory statements from the heads of the CFTC and the SEC, which occur almost every few weeks.

"How's a business going to operate in that environment? We just want a clear rulebook," Armstrong said.

It's worth noting Coinbase recently received a Wells Notice from the SEC, warning of possible regulatory action related to the listing of unregistered securities.

Read Next:Grayscale's GSOL: The Future Of Solana Investment Or A Bubble Waiting To Burst?

Photo: Shutterstock

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Coinbase Considers Abandoning US: The Shocking Revelation That Could Shake The Crypto World - Coinbase Glb ... - Benzinga