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Crypto Daily #2

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Hot Doges and Bitcoinana Splits on offer at Florida crypto restaurant

The Clearwater Beach-based venue is dubbed the “Crypto Street Restaurant’ and held a grand opening to the public earlier this month. The menu boasts dishes such as the Dogedog, Crypto Cuban, DeFi Caesar Salad, SHIBA Shrimp Cocktail and the Bitcoinana Split. The restaurants decor is also decked out with crypto culture themed posters, wall art and furniture depicting Doge, Satoshi Nakamoto, Elon Musk and Bitcoin memes.

DAO aims to raise $5M to resurrect Blockbuster Video

A new decentralized autonomous organization (DAO) has been formed with the goal of buying the Blockbuster brand from Dish Network. BlockbusterDAO plans on turning Blockbuster into a decentralized film (DeFilm) streaming studio. The DAO currently comprises about 9,000 netizens on Twitter and a Discord server who deliberate over how the DAO can achieve its goals.

Polygon upgrade quietly fixes bug that put $24B of MATIC at risk

Polygon has fixed a vulnerability that put almost $24 billion worth of its native token, MATIC, at risk. The “critical” vulnerability in the network’s proof-of-stake Genesis contract was first highlighted by two whitehat hackers on Dec. 3 and 4. The vulnerability put more than 9.27 billion MATIC at risk that is valued at around $23.6 billion.

Brock Pierce and Tom Lee tip $200K BTC in 2022, despite missing the mark in 2021

Block One former chief strategy officer Brock Pierce and Fundstrat Global Advisors co-founder Tom Lee are both tipping Bitcoin could hit $200,000 in 2022. Bitcoin’s high water mark of $69,000 was set on Nov. 10, and BTC is currently trading at $46,270. Lee previously maintained his 2021 BTC price prediction of $100,000 as late as October.

5 ways derivatives could change the cryptocurrency sector in 2022

Derivatives will be used by institutional clients, mutual funds, market makers and professional traders. Bitcoin’s price has been steadily correlated with the U.S. 10 year Treasury Bill. This short-term risk-on and risk-off strategy heavily impacts Bitcoin‘s price.

TA: Ethereum Plunges 5%, Can Buyers Save The Key $3.5K Support

Ethereum gained bearish momentum below the $3,720 support against the US Dollar. ETH price tested $3.600 and is currently struggling to recover higher. There is a key bearish trend line forming with resistance near $3,.715 on the hourly chart of ETH/USD (data feed via Kraken)

TA: Bitcoin Turns Sell on Rallies Towards $48K, Bears In Action

Bitcoin extended decline below the $47,500 support zone against the US Dollar. BTC could recover, but upsides might be limited above $48,500. A low is formed near $46,120 and the price is now consolidating losses. An immediate resistance on the upside is near the $ 46,600 level.

Hong Kong Authorities Arrest Two Siblings Accused of Laundering $384 Million via Banks, Crypto Platform

Hong Kong Authorities Arrest Two Siblings Accused of Laundering $384 Million via Banks, Crypto Platform. If convicted, the two face a maximum jail sentence of 14 years plus a fine of $5 million. The arrest of the two, a 28-year-old woman and her brother, followed a raid on their residential premises conducted by the Hong Kong Customs.

Investment Adviser Warns It’s a Mistake to Ignore Crypto Assets, Predicts Cryptocurrencies Will Outperform Equities

Investment Adviser Warns Its a Mistake to Ignore Crypto Assets. Predicts Cryptocurrencies Will Outperform Equities. CEO Jacob Walthour says it’s a mistake to ignore crypto as an asset class. He predicts that crypto will outperform equities in the foreseeable future.

US Senator on Crypto: We Need Real Solutions to Make the Financial System Work for Everyone, Not Just the Wealthy

US Senator on Crypto: We Need Real Solutions to Make the Financial System Work for Everyone, Not Just the Wealthy. Senator Elizabeth Warren (D-Mass.) commented about cryptocurrency, bitcoin, and financial inclusion Tuesday. She tweeted: “The crypto industry claims that crypto is the path to financial inclusion, but bitcoin ownership is even more concentrated within the top 1% than dollars.”

Coinone To Halt Withdrawal Services To Unverified External Wallets

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. Not all exchanges are created equally, with some outperforming other exchanges significantly.

Gas DAO drops GAS tokens, becomes gas guzzler of the day

Gas DAO, a newly formed Decentralised Autonomous Organisation (DAO), is set out to give users ‘the platform to make our collective wants and needs heard’ The GAS token is the ERC-20 governance token for the Gas DAO. Holders with one billion, out of a total of one trillion, GAS tokens will be able to submit proposals to the DAO community.

From Tazos to NFTs, from physical to digital: the marketing evolution that is growing into a trillion-dollar opportunity

Tazos are a marketing evolution of the POG, which began as a playground game in Hawaii in the 1920s. CEO and Founder of Fayre Luis Carranza sees a new opportunity to take marketing to the Metaverse with non-fungible tokens. Fayre is building a mobile companion app that would allow for NFT engagement in retail and stadiums.

What Military Budget Expansion Says About Our Broken Financial System

The US military currently boasts an annual budget of $768.2B for 2022. It isnt a foreign threat and a need to defend against it that is driving this budget higher, but greedy humans working within a perverse incentive system. A good way to help justify a higher budget year in and year out is to have a high velocity of military grade equipment flowing.

Covering Bitcoin’s Spot And Derivatives Market Dynamics

The futures perpetual funding rate was covered more in-depth in The Daily Dive #097 – Derivatives Market Breakdown. It’s a key rate to watch, especially when the market is overleveraged to one side. Long-term price is driven by adoption, sustained spot demand and the behavior of long-term holders.

In An Ocean Of Altcoins, Will Avalanche Be The Only To HODL For Q1 Of 2022?

Avalanche is a potential protocol to look out for in the first quarter of 2022. The protocol has been garnering the attention of savvies in the crypto fraternity, with its startling network activity. The most held tokens from the ecosystem are AVAX, JOE, and XAVA. Penguin Finance, phase-2 pf Penguin Rush is all set to commence.

Top 5 Best Cryptocurrencies to Invest in for 2022

Bitcoin (BTC) is expected to hit $100k in 2022, but this milestone will ride on many factors. One of the factors that drive the price of Bitcoin is market demand as other assets. With the current increase in the adoption of Bitcoin for payment and store of value, the price will move up in the long run.

Who is Satoshi Nakamoto? Elon Musk’s Latest Guess Comes as No Surprise

Tesla CEO Elon Musk believes Nick Szabo is the real Satoshi Nakamoto. Nick is a computer scientist, legal scholar, and cryptographer known for his research in digital contracts and digital currency. His linguistic style is closely similar to those used in the Bitcoin whitepaper, as observed by a team of linguists.

Marathon Digital Shares Filing Details of its Purchased Miners and Cost

American Bitcoin mining firm, Marathon Digital disclosed that it has ordered a total of 78,000 Antminer S19 XP from Bitmain Technologies. The company expects to receive the miners starting from July next year through December. A total of 13,000 miners is projected to be delivered each month beginning in the second half of the year.

Bitcoin Experiences Worst Selloff since May as BTC Trades below 200-Day Moving Average

Bitcoin (BTC) experienced significant liquidation that drove the price downwards to the $47K level. Bitcoin has been trading below the 200-day moving average (MA), which generally indicates a market trend. More than 165,000 traders liquidated their accounts on December 28, according to crypto trading platform Coinglass.

This Recently Added Metaverse Meme Coin Gained Over 800% In the Past 24 Hours

Capybara world is a recently released Metaverse meme coin listed on CoinMarketCap. It already gained over 800% in price with a fully diluted market cap of $2.4 million. Let’s look at Capybara and its token CAPY and see what all the hype is about.

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