A third of Americans to buy Bitcoin by end of 2022, says Ric Edelman
Bitcoin (BTC) bull and Edelman Financial Engines founder Ric Edelman has made some promising predictions about the future of the seminal cryptocurrency. It won’t be that much of a stretch for it to get to one-third. Experts answer, Part 1 Hougan stated that there would be even more investor protections and a better product thanks to the “cumulative weight of the evidence that will force them to move forward with approval.” ETF speculation aside, Edelman is clairvoyant about the banality of Satoshi Nakamoto’s invention in the future.
Don’t mention ‘K’ country: Bitcoin Magazine’s YouTube restored after ban
Bitcoin Magazine’s YouTube channel was restored around three hours after being shut down, with the publication attributing the short ban to the YouTube algorithm flagging the word “Kazakhstan.” “We may allow depictions of such activities if they are educational or documentary in nature and don’t help others imitate them,” the response added. Either Michael Saylor does a lot of live streams or some vids are dodgy: YouTube Related: Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode Commenting on the ban in the r/CryptoCurrency subreddit, user u/Setl1less highlighted the hypocrisy, arguing that “Youtube has made it a habit of taking down prominent informative accounts” while allowing scams to operate freely.
TA: Bitcoin Gearing For Lift-Off to $44K: Recovery Isn’t Over Yet
Bitcoin started a steady recovery wave above $42,000 against the US Dollar. There is a key bullish trend line forming with support near $42,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to recover and test the $44,000 resistance zone in the near term. BTC even traded above the $42,500 level and the 100 hourly simple moving average to move into a positive zone. On the upside, an initial resistance is near the $43,000 level.
Billionaire Jeff Gundlach Expects Recession This Year, Advises Against Buying Bitcoin
Billionaire Jeff Gundlach Expects Recession This Year, Advises Against Buying Bitcoin Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has warned about “a recession in the later part of this year.” Billionaire ‘Bond King’ Jeff Gundlach on Recession, Bitcoin, and the Fed Raising Interest Rates Billionaire fund manager Jeff Gundlach warned about a recession happening in the later part of this year in an interview with Yahoo Finance, published Saturday. According to Forbes, his net worth is currently $2.2 billion. “I don’t think a lot of the Fed officials, economists, and investors appreciate the fact that the economy keeps buckling at lower and lower interest rates, so I think the Fed only has to raise rates four times and you’re going to start seeing a plethora of recessionary signals,” he warned, adding: It’s certainly a non-zero probability that you get a recession in the later part of 2022. Neither the company nor the author is 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 in this article.
XRP Can Now Be Sent to Human-Readable Addresses, Here’s How
XUMM, a noncustodial wallet by XRPL Labs, is a mainstream retail wallet for XRP token and assets issued on XRP Ledger distributed network. XUMM is one of the top non-custodial wallets to manage/use your $XRP & any other issued token on the XRP Ledger! Also, FIO Send has a function to prevent money from being transferred to the wrong address.
Solidum AI Tech Entered the Pre-sale Phase
PRESS RELEASE – Please Read Disclaimer On 31.12.2021, the private sale from the Solidus AI Tech’s token AITECH ended. Furthermore, Solidus AI Tech has been thoroughly talked about by renowned people in the crypto space such as Satoshi Club, The Gem Hunters, Defi Raccoons, Wolfonaire, and Moon Walkers. During the next phase, the public sale, tokens will be sold for a 16% increase, resulting in a minimum of 78505 tokens bought. About Solidus AI Tech Solidus AI Tech is a tech company that is bridging the gap of insufficient High-Performance Computing resources in Europe by building data centers throughout Europe.
Let’s look into ZKSwap (ZKS)
The ZKSwap protocol is a layer-2 decentralized exchange protocol on Ethereum. It aims to offer lower transaction costs and faster transactions. The protocol also plans to dive into the NFT world by facilitating minting, sale and airdrops features. The trilemma is to juggle the three fundamental properties of a blockchain – security, scalability and decentralization. The primary aim of ZKSwap is to solve scalability issues with layer-1 DEXs. Users that hold ZKS can use it for liquidity mining or staking based mining.
The Fear Around $41,000 Bitcoin Is A Sign Of Success
The below is a direct excerpt of Marty’s Bent Issue #1142: “This is what normalization looks like.” As you can see from the pictures above, the sentiment around the bitcoin markets has shifted drastically year on year even though the price of bitcoin stands at roughly the same level. This is something your Uncle Marty is making an ongoing concerted effort to internalize because – once internalized – it forces one to zoom out and look at the bigger picture as opposed to getting caught in the chaotic noise of the moment. Bitcoin is a distributed peer-to-peer cash system unlike any monetary system that has ever existed throughout the history of humanity.
Bitcoin Plebs Together Are Strong — Independently
So long as we can ensure that it doesn’t enslave us all first. From operating systems to messaging protocols to data hosting to money, the “sovereign stack” (h/t LaserHodl) is growing exponentially. Privacy is a right in any free society and our current lack thereof is one reason I question how free we are. In addition to centralization, the more recent creation of a Department of Homeland Security and the passing (and extension) of the Patriot Act, Americans’ right to privacy has been continuously eroding. There has been a noticeable contingent of people expressing unease about the current censorship climate on Twitter after the announcement of Parag Agrawal’s promotion to CEO, with many people sharing a quote of his from MIT Technology Review stating that Twitter’s “role is not to be bound by the first amendment, but to serve a healthy public conversation.” I know I am not alone in the awareness of deteriorating civil liberties. Many of these steps involve disconnecting from centralized technology. Now is the time for some needed discomfort that will have a meaningful impact on privacy and control over the exterior world. It may be useful to peruse that article, but it’s not a prerequisite for getting the most out of this one. One step at a time … The most simple step for gaining some privacy online is to use a Virtual Private Network (VPN). LibreOffice is another “free and open-source software” (FOSS) offline option. I’m looking forward to trying out the impervious.ai release, which is built on top of the Lightning Network as a Bitcoin Layer 3 protocol. As Matt Hill said at The Atlanta Bitcoin Conference, “Every dependency in your life is an unactualized vulnerability.” The company will be releasing an update to the software any day now, which will allow users to add hard drives for extra storage to store all of their documents, videos, pictures, all while running a Bitcoin node. Sign up for a local community supported agriculture (CSA) box to get a weekly box of food and directly support those that are growing food. Just knowing farmers doesn’t guarantee food security, so getting a large chest freezer can provide space for stocking up. Additional Resources: Live A Healthy Lifestyle And Decentralize Health Care This is another nontechnologal step, but one that can hopefully keep us out of the medical industrial complex. In addition to physical exercise such as weight lifting, cardio, yoga, and stretching, doing a mental destimulation practice through meditation can clear the mind and bring awareness to subtle physical sensations in the body. I’m no herbalist, but I like to take shots of fire cider, drink elderberry syrup, and supplement with vitamin C. Contrary to the current narrative, it’s completely normal to get sick. Homeschooling or creating a small co-op is one of the only ways that parents can be in charge of what their kids are learning. Our child is extremely social and needs to be around other kids as much as possible. The freedom-minded friends we’ve made in the last two years have even started discussing contingency plans for communal well-being, just in case. The goal was for some of these tools to be helpful for those of us who want to further our journeys to be less dependent on Big Tech and more self-reliant in order to preserve privacy, censorship-resistance, and free speech. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Are Bitcoin Price And Equities Performance Correlated?
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. Source: Skew Despite the mostly positive correlation between the two assets over the past 24 months, the S&P 500 is down by 76% in BTC terms since the start of 2020.
A Case For Unions And Bitcoin
I am part of a subset of Local Union (ATU1555) based out of Oakland, California, proposing that our union allocate a percentage of our treasury and monthly union dues to bitcoin. Not because it wasn’t a great idea; I had come to the conclusion a couple of years prior that Bitcoin could and would empower anyone and anything. Mayor Suarez’s bitcoin announcement was the icing to Tesla’s bitcoin buy cake, and it was now clear that it was time for me to revisit that fine idea from a few months back to see if it would be possible for our union to follow the lead set by MicroStrategy, Tesla and maybe now even Miami by allocating a percentage of our treasury to bitcoin. Bitcoin Protects Property Rights: Bitcoin is permissionless money that is uncensorable and unconfiscatable in that third parties aren’t necessary in order to acquire, store or transact in bitcoin. Bitcoin Is Targeted By Adversarial Media/Politicians/Bankers who wish to maintain a status quo that unfairly favors them. Clarence Darrow, American lawyer and leading member of the American Civil Liberties Union Unions arguably represent the people more so than any other institution and have been responsible for many of the things that today we take for granted today, such as: But as storied and consequential as unions may be, if you accept the premise that unions exist to not just protect worker rights but to represent the interest of the working person, it becomes clear that unions could be doing a lot more to this end than they are currently doing. Bitcoin: What’s In It For Unions U.S. Union Membership Is In Decline Much of the strength of a union derives from its members and union membership rates in the U.S. are down from their peak of 35% in 1945 to around 10% in 2020. For unions to align with Bitcoin would better position unions to Appeal to younger generations Provide value to workers in new unique ways Adapt to current times and environment Reinvent what it is to be in a union Leverage technology All of which could considerably help unions decrease membership attrition. Bitcoin Strength While some may value fiat currency because it’s backed by “men with guns” as Nobel Prize-winning author Paul Krugman would say, others prefer gold because it has “intrinsic value” in that it’s used in bling and cell phones. Bitcoin Whales Since it’s impossible to estimate the number of people and institutions who own multiple bitcoin wallets, reports that bitcoin inequality is worse than the wealth inequality of the United States as a whole — where according to the Federal Reserve 1% of households own about a third of all wealth — cannot be accepted as fact. However, part of Bitcoin’s original promise was to be more equitable than the fiat dollar-based system that we have today, and Bitcoin could be doing better as it pertains to the concentration of bitcoin in the hands of whales and non-decentralized institutions. It typically happens in one of three ways either through revolution, higher taxes or wars; none of those are on my bucket list.” – Unions and Bitcoin are too vital to the trajectory of humanity for this opportunity not to be explored. On January 12, 2022, ATU1555BITCOIN will vote on whether to allocate a percentage of our union treasury and monthly dues to bitcoin. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Technicals Hinting Bitcoin Price Reversal, Here’s What Santiments Reports Say!
He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space. Even though the bitcoin price has rebounded to $42,783 at the time of writing, the market’s apparent hesitation is still weighing on the price movement. Source: IntoTheBlock Bitcoin has been unable to match the growth in active addresses witnessed in early November 2021, with this critical measure reaching a 30-day low on January 1. Source: IntoTheBlock DAAs (Daily Active Addresses) are a good technique to track network activity over time because higher DAAs indicate more blockchain usage.
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Hydroelectric Plant in Costa Rica Reinvents Itself and Attracts Bitcoin Miners
A significant amount of equipment used in Bitcoin mining is fed with energy generated by a hydroelectric plant on a small river located in the middle of the forest with coffee and sugar cane plantations in the Central American country.
Wiki contributors want to drop crypto donations over environmental concerns
Back in 2019, the Wikimedia Foundation started accepting crypto donations through BitPay, but three years later, the nonprofit organization behind Wikipedia is facing pressure from contributors to disable the option over environmental concerns. Accepting cryptocurrency makes a joke out of the WMF’s commitment to environmental sustainability,” they wrote. However, the page notes that a decision will not be made based on what the majority wants.
Timechain: Crypto Payments / Rewards App & Fantom-Based DEX Aggregator
Timechain is a Money Services Business (MSB), that specializes in DeFi (Decentralized Finances), and digital asset management services, located in Canada. All of these, while improving the pricing, the accessibility and the speed of the service at a time. Timechain is one of the very few Canadian platforms that complies with the AMF (Autorité des Marchés Financiers), and the Fintrac (Financial Transactions and Report Analysis Centre of Canada) standards and regulations. Some of their key products include Timechain App, that allows users to exchange fiat and/or crypto currency via direct message. Timechain Swap, a DEX aggregator that runs on the Fantom network (FTM). If you wish to send fiat (normal money), then a KYC verification process may be required. About TimeChain Founder & Timechain current CEO Louis Cléroux, launched Timechain in its origin, to supply a faster money transfer from Asia to America two years ago. In the Business to Client Mode (B2C), the mobile/web app platforms, and the Timechain utility token layout easy-to-use yield services for fiat portfolios, and for crypto portfolios. Adding the Exchange and the aggregator on to the WEB 3.0 app platform. In fact, 25% of the buyback goes into the liquidity farm pools, another 25% into the TCS single staking pool, and the other 50% into the Timechain Treasury. Nexo Nexo´s product called ¨Earn¨, is advertised as a risk-free passive income with zero fees, compounding daily payout, top-tier insurance and flexible earnings.
Tech Stocks to Grow this Year thanks to Crypto & Metaverse, Wall Street Analyst Says
Cyrus Mewawalla, the head of thematic research at data analytics and consultancy firm GlobalData believes that tech companies whose operations extend into the metaverse and crypto, despite the massive uncertainties experienced in the stock market , end up in gains at the end of the year. Humans can interact in various forms through their digital avatars in this virtual reality world.
Understanding Crypto Types – Which Crypto is the BEST?
Over the last few years, the crypto market has been touted as one of the most successful in the financial market. Cryptocurrencies are housed on a distributed ledger technology known as the blockchain. Since most of these tokens do not have a central entity guarding their existence, all activities are done on their respective blockchains. Unlike physical cash or CBDC, the tokens do not have a physical existence. The price of the tokens is majorly decided by the various activities of traders across the market. Mining is known as proof of work because miners solve problems to create tokens. A list of the top 10 tokens in the decentralized finance sector includes Terra ($25 billion), Avalanche ($21 billion), Chainlink ($12 billion), Wrapped BTC ($11 billion), and Uniswap ($9.9 billion). Some examples of these tokens are MANA ($5.6 billion), SAND ($4.5 billion), AXS (4.5 billion), GALA ($2.4 billion), ENJ ($2 billion), and BORA ($830 million). The first-ever meme coin, Dogecoin, entered the market in 2013. Since then, there has been a massive rise in these tokens in the sector. Aside from being very volatile, these tokens take solace because they can build a massive community of followers. Internet of Things Tokens The Internet of Things sector of the crypto market has been present for a long time. Conclusion The crypto market has continued to make its mark in the financial sector due to the rise in these tokens’ prices. This will provide traders with major insight into the performance and the future of the coin they are planning to purchase.
Is It A Good Time To Buy Marathon Digital Stock?
Bitcoin’s price has come down from all-time highs hit on November 10, 2021, and many of the publicly-traded bitcoin mining stocks saw their prices drop along with it. Should all construction follow schedule, Marathon will deploy all of its purchased miners by early 2023; the operation would consist of 199,000 bitcoin miners, producing approximately 23.3 EH/s, making Marathon one of the largest publicly-traded bitcoin miners in the world. In May and June, MARA stock continued to move with bitcoin’s movement: During the China mining crackdown, the price of bitcoin fell below $33,000 and MARA stock crashed almost 40% during this timeframe. These price movements did not end in the summer — with the launching of two Bitcoin exchange-traded funds (ETFs), bitcoin made a new all-time high and MARA followed. This is the largest candlestick on MARA’s daily chart and will carry a heavy amount of overhead resistance, but more on that later. Marathon’s Q3 earnings missed projections by 0.65 due to its expansion efforts: building new facilities, buying miners from Bitmain and issuing new shares. Source: TradingView Analyzing MARA’s daily chart, the stock has been in a hard downtrend (blue line) since the all-time highs were reached on November 10. An example of a strategy would be if volume is decreasing as the stock approaches a red line of support, taking a position (buying shares) as close to the support area as possible gives the trader more room to let the stock rebound to an area of resistance. Low of May, which has not been tested Resistance The main moving average lines that I like to pay attention to all sit above the current price level. This may be another example of only one of these areas being the true resistance. The next area of expected resistance is around $45: the short-term high reached on September The $50 price level is not far off from the previous all-time high reached on February 17; the area of support for the final two weeks of November All of the final resistance areas are related to the largest candlestick seen on November 15 (the date of the SEC subpoena). While there is no proper base and MARA is under an immense downtrend, it is not a buy at this moment.
You can now buy Harmony, the mainnet focusing on processing speed: here’s where
Harmony, the 42nd largest coin by market cap, is one of today’s biggest winners. Top places to buy Harmony now Binance Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market. Focusing on processing speed and validation, the Harmony mainnet aims to revolutionize block creation. TradingBeasts forecast $0.4 per 1 ONE by the start of next year.
Cardano (ADA) Is a Buy on 2022 Network Growth Plans
Cardano is a cryptocurrency that focuses on becoming a new standard of crypto design and PoS implementation. Last year, it was recognized within the world of non-fungible tokens (NFTs) and added smart contracts functionality with the Alonzo hard fork update. It is all set for a new startup environment in Africa, and it will be an essential part of global business. Many universities plan to use this technology to develop a governance infrastructure digitally. However, $1.30 will work as an initial resistance level, but long-term investors should not worry about these levels. With strong fundamentals, the token is available at a lower price; you should invest in Cardano.
Republic of Palau and Cryptic Labs launch digital residency program
The Republic of Palau and blockchain development firm Cryptic Labs announced the launch of the Root Name System (RNS), a digital residency program on Tuesday. The Republic of Palau is located in the western Pacific Ocean and consists of about 340 islands inhabited by 18,221 residents. Once approved, users will receive a physical ID card and an ID as a nonfungible token (NFT). Bril Wang, CEO of Cryptic Labs said in the announcement, “This partnership with The Republic of Palau will revolutionize economic development both in Palau and around the world.
Coingate to Launch Gift Card Store on Binance Mobile App
CoinGate, a cryptocurrency payments gateway, is going to launch a gift card store on Thursday on the Binance Mobile App. Comprised of decentralized networks, blockchain technology is not overseen by a central authority. Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. Bringing Crypto to Mainstream Additionally, Coingate offers an exchange platform for buying and selling cryptocurrencies. In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Polygon’s London Hard Fork Arrives as Network Declares Date for Mainnet Launch
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. After the successful EIP-1559 upgrade on Mumbai Testnet last year, the much-awaited London Hardfork on Mainnet is here!#EIP1559 and related EIPs will be activated on the Mainnet on 18th Jan around 3 AM ET / 8 AM UTC. 2/2 — Polygon | $MATIC 💜 (@0xPolygon) January 11, 2022 The network states that the move comes in consultation with Binance Exchange and due to low usage.
Kraken Launches LINK, OMG and BAT in Japan
Kraken, one of the world’s largest crypto exchanges, has announced that Chainlink (LINK), Basic Attention Token (BAT) and OMG (OMG) are now available for its Japanese customers in a Jan. 12 blog post. The exchange then suspended its services in Japan in April 2018 in the aftermath of the $500 million Coincheck heist that resulted in greater regulatory scrutiny.
Retail is pushing the Bitcoin price up, says Ledger CEO
As crypto prices recover after a slump last week, Pascal Gauthier, CEO of crypto wallet firm Ledger, addressed questions relating to the state of the crypto market. The number of BTC addresses with a non-zero balance is at all-time highs, topping out just short of 40 million. He suggested that this year could be a year of consolidation for some cryptocurrencies: “Last year they (cryptocurrencies) were projects coming into the light; this year, they have to deliver in terms of applications running on top of these protocols.”
They are all in the NFT minting rush: Pulitzer Prize winners, Asian pop stars, US Congress candidates, and NFL players
However, the trend’s natural progression brought the market to a new stage of adoption–active participation–in all its glory. The Bored Ape and Cryptopunk NFT series, which rose to prominence in a matter of months, originally set the record,” read the official press release. “With Xooa’s technology, we are proud to offer these tokenized pieces to a fast-growing global audience of photography NFT collectors.” The NFTs will be minted on the Polygon blockchain, revealed AP, while calling the blockchain “an environmentally friendly, Ethereum-compatible Layer 2 solution.” “Help us on our way to Congress and receive an NFT from the first-ever federal campaign to do a drop,” she added. The new NFT belongs to Melania’s Head of State Collection, which commemorates the Trump Administration’s first official state visit, and features three one-of-a-kind signed items, also including ‘Watercolor on Paper,’ by Marc-Antoine Coulon and ‘Digital Artwork NFT with Motion’–both signed by the former first lady and Coulon. However, on account of their uniqueness, NFTs are unraveling as a very special thread in the weave.
FlokiMooni Crypto Ecosystem Announces Upcoming NFT Collection And Other Developments
Advertisement FlokiMooni Crypto ecosystem is delighted to announce the upcoming launch of its rare NFT collection, due to take place this year. FlokiMooni’s native token $FLOKIM has over 18,000 holders, while the platform itself has an incredible 55,000 followers on Twitter and Telegram. Currently, the project has a $3 million market value and is promising nothing short of progressive growth. The new FlokiMooni website will come out this month, as will its DApp release. Part of these announcements will be FlokiMooni’s listing on a centralized exchange (CEX).
Here’s The Latest On The Upcoming HAPE Beast NFT Drop
One of the most anticipated NFTs in the last few months, HAPE Beast, will finally drop on January 19th. For nearly three months now, the hype surrounding HAPE Beast NFT has reached a fever pitch and it’s almost time to mint the popular 3D Apes. You could argue that HAPE was one of the first back in October, they’ve pushed their release to this month in Q1 2022. Built on the Ethereum blockchain, the initial mint will consist of 8,192 unique HAPE Beasts. Justcarl is their strategy lead and with a vision for the potential of HAPE.
Jack Dorsey announces Bitcoin Legal Defense Fund
Former Twitter CEO and Block founder Jack Dorsey has announced plans to create a “Bitcoin Legal Defense Fund” with Chaincode Labs co-founder Alex Morcos and Martin White, who appears to be an academic at the University of Sussex. “The main purpose of this Fund is to defend developers from lawsuits regarding their activities in the Bitcoin ecosystem, including finding and retaining defense counsel, developing litigation strategy, and paying legal bills,” it stated. Related: Nano Foundation Sponsors Legal Fund To Provide BitGrail Hack Victims With Representation Dorsey, who stepped down as Twitter’s CEO at the end of November 2021, is a long-time proponent of Bitcoin.
Jack Dorsey proposes a Bitcoin legal defense fund to protect developers
Jack Dorsey, former Twitter CEO and founder revealed new plans to create a Bitcoin Legal Defense Fund in association with Alex Morcos, founder of Chain-co labs, and Martin White, a computer science teacher from the University of Sussex. The announcement stated that the new fund will protect Bitcoin devs who are facing “multi-front litigation” by providing legal defense.
Jack Dorsey Is Setting Up a Bitcoin Legal Defense Fund
Key Takeaways Jack Dorsey has announced a Bitcoin Legal Defense Fund for Bitcoin developers. The fund’s first activity will be to coordinate defense against Craig Wright’s Tulip Trading Lawsuit. He then listed the fund’s objectives and goals, explaining that it will be a free option for all Bitcoin developers to help retain legal counsel, develop litigation strategy, or pay legal bills. In May 2021, Wright was given the go-ahead by a London High Court to start litigation against 16 Bitcoin developers in a fight over funds from the defunct Mt. Gox exchange.
Jack Dorsey Starts Bitcoin Legal Defense Fund
Chief Executive Officer of the newly minted Block (formerly known as Square) Jack Dorsey can’t stop making Bitcoin-related moves since leaving Twitter, the social media giant he founded. “Shoutout to Jack Dorsey Alex Morcos and Martin White for stepping up to protect Bitcoin developers from getting bogged down by lawsuits so they can focus on what they do best. Really cool to see come through the bitcoin-dev mailing list this evening,” Marty Bent tweeted out.
Crypto Flipsider News – Bitcoin Hashrate Lag, Dorsey Launches Bitcoin Defense Fund, Powell Says Stablecoin Can Coexist with CBDC, MATIC and DOT Altcoin Rally, Moonbeam Launches on Polkadot, Coinbase to Shut Down for 4 Weeks
As Bitcoin fell to its lowest point since September, Kazakhstan came under the spotlight. Following a shutdown of its internet, the Bitcoin hashrate dropped more than 12 percent.
Jack Dorsey Leads the Charge to Launch a Bitcoin Defense Fund: Who is it For?
Former Twitter boss and strong supporter of Bitcoin, Jack Dorsey, Alex Morcos of Chaincode Labs, Martin White, an academic at the University of Sussex, have announced a “Bitcoin Legal Defense Fund.” In an email announcement sent to Bitcoin developers on January 12, Dorsey explained that the initiative is for Bitcoin developers who are “especially susceptible to legal pressure.”
Shiba Inu Price Finally Recovers with More Altcoins Entering Green Zone
Shiba Inu is finally in the green zone as the crypto market slightly recovers Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. According to market data, the recovery was fueled mostly by retail traders rather than whales as the holdings of Shiba Inu on the largest addresses on Ethereum have not increased from $1.4 billion. Another factor that plays in Shib’s favor is the constant burning events that decrease the total supply of the token.
MATIC Flips Shiba Inu in Market Capitalization After 16% Rebound
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. In its present development, Polygon announces the arrival of the much-awaited London hardfork on its mainnet after a successful EIP-1559 upgrade on its Mumbai testnet last year. Shiba Inu price action Shiba Inu is posting a slight rebound after dipping to lows of $0.0000255 on Jan. 10, retracing the October 2021 rally.
Shiba Inu Goes Live on Mexico’s Largest Crypto Exchange
Bitso, the largest cryptocurrency exchange in Mexico, has announced that Ethereum-based cryptocurrency Shiba Inu (SHIB) is now available for trading on its platform. In November, the company formed a tie-up with crypto giant Circle to enable cross-border payments between Mexico and the U.S. as part of its Bitso Shift initiative. Bitstamp, Europe’s premier cryptocurrency exchange, recently confirmed that it still intended to list SHIB in early 2022.The Shiba Inu price is currently sitting at roughly $0.00002809 on major spot exchanges.
Shiba Inu (SHIB) Hits 90-Day Low in Popularity: Data
The dog-themed token, which even managed to overshadow Bitcoin in 2021 to become the most viewed cryptocurrency on CoinMarketCap, is now seeing a painful retreat as its popularity dwindles. CryptoPotato earlier reported that Shiba Inu surpassed the world’s two largest cryptocurrencies – Bitcoin and Ethereum – to emerge as the most viewed digital asset on CoinMarketCap’s crypto data aggregator last year. ADVERTISEMENT An absence of a catalyst to push the memecoin higher is a major factor that has resulted in SHIB’s subsequent declines. Since hitting a peak of $0.000088 in the last week of October, the token has lost around 70%to under $0.00003.
Shar Pei: A Unique Meme Coin Aims to Overtake Shiba Inu in 2022
Meme coins have dominated the crypto space in the past year generating staggering results for investors. Shar Pei is one of the few meme coin projects that has shown its applications beyond the conventional and looks set to overtake Shiba Inu as the next big meme coin. This is due to its unique value proposition geared towards sustainability and developing a community-driven ecosystem. SHARPEI token holders can also take part in different activities that determine the project’s future. In addition, Shar Pei has begun developing its P2E metaverse that is expected to launch in the second half of 2022. Shar Pei team has also revealed plans to list the token on several centralized and decentralized exchanges in the coming months.
A Step Towards DeFi 3.0: A Sneak Peek Into Alfprotocol
One thing that keeps the development team occupied is ensuring that the platform’s launch provides users with a bug-free, smooth, and efficient protocol that offers an intuitive interface. Today, Alf protocol unveils the first look at its user interface. The panel will allow access to leveraged and non-leveraged farming options with detailed balance information and expected APY.
A Step Towards DeFi 3.0: A Sneak Peek Into Solana-based Alfprotocol
Advertisement One thing that keeps the development team occupied is ensuring that the platform’s launch provides users with a bug-free, smooth, and efficient protocol that offers an intuitive interface. Although the design is not finalized, the preview gives an extensive overview of what the team has planned. Alf users will have access to high leverage farming options from the same panel, with leverage up to 200x only achievable due to the protocol’s use of Solana’s lightning-fast blockchain, which will ensure the safe monitoring and liquidation of unhealthy positions.
China’s Digital Yuan
With the emergence of cryptocurrencies, the creation of Centrally Distributed Digital Currencies (CBDCs) followed. Tech giants step in The People’s Republic Of China has been ramping up efforts to facilitate the mass rolling out of the digital yuan also known as the e-CNY. However the government has been pushing for it as the government has been using lotteries to hand out free digital yuan. How they handle the roll out will set a precedent for others to follow. They will need to make the e-CNY a better alternative than just using digital payments systems to make this a successful venture.
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Unlocking the $12.6-Trillion machine economy on Web3
It’s paving the way to a multi-trillion-dollar decentralized machine economy at the forefront of which IoTeX stands. The highly-regarded blockchain expert also said he sees a significant “upside” to IoTeX’s goal to decentralize the machine economy via Web3. “I think the (IoTeX) ecosystem will reward itself and the broader community because ecosystems are not in isolation,” Nannra added. “ The ‘Web-olution’ “There’s a lot of opportunity in —Web3 and MachineFi— not just from a monetary perspective but also in advancing state of the art, so I am really excited about that,” Nannra added. The blockchain expert explained the three phases of the world wide web, invented in 1989 by British computer scientist Tim Berner-Lee, while working at CERN, the European Organization for Nuclear Research. NPR’s take is that Web1 was a disorganized but democratized way to access information worldwide. Web2, which started in the mid-2000s, is when Google, Amazon, Facebook, and Twitter brought order making it easy to connect and transact, but ultimately amassed too much power. “ Nannra participated in the “Unlocking the Trillion-Dollar Potential of IoT and Blockchain” panel on December 15 alongside Mitch Tseng, IIC Chair of the Testbed Council and Edge Computing Task Group, and IoTeX Co-Founder Jing Sun. This problem has significantly slowed down smart home adoption. We have a lot of people contributing in the virtual world and also in the software and physical domains, which means we are now talking about using the digital twin to connect these entities,” he added.
As Web3 Unfolds, We Should Protect the Best of Web2
2022 is shaping up to be an exciting year for NFTs, the metaverse, and the ongoing evolution of Web 3.0. The headlines have been coming thick and fast, but one of the biggest stories of the last week emerged from tech behemoth Samsung, which announced it was integrating NFT functionality into its new range of smart TVs. Each collection is issued in a set of 21 cards – 11 commons, six rare, and four legendary, and organized randomly into sealed packs. An Opportunity to Accelerate Adoption Starly has been developed by the same team behind Ask.fm, a social platform based around questions and answers. Within a matter of weeks, it will be possible to start displaying our own unique collections of digital art on TVs in our own homes. But in creating these possibilities, we need to ensure that we aren’t erecting barriers and stifling one of the best things to emerge from Web2 – the massive global community of online creators.
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Animal Concerts partners with Korea’s Klaytn: K-pop in the Metaverse?
Metaverse concert organizer Animal Concerts has partnered with South Korean unicorn Kakao’s Klaytn network to increase its exposure to the Korean entertainment industry and facilitate Klaytn’s global expansion plans. Klaytn’s parent company Kakao is also planning an NFT and Metaverse platform called Kakao Games. Holding concerts in the pandemic free Metaverse could drastically change the way concerts are experienced and prevent the disappointment of a cancelled show, while cutting down on touring cos. Related: eToro rolls out smart portfolios for new metaverse investors From Fitzpatrick’s point of view, there may be some making criticisms about decentralization, but “there are a lot of blockchains that are not as decentralized as advertised.”
Footprint Analytics: Will the London Upgrade Deflate ETH? | Annual Report 2021
Ethereum remained the top blockchain in 2021 by TVL (total value locked), but its market share continued to erode, dropping from nearly 100% at the beginning of the year to 65%. The number of users who choose EIP-1559 as their transaction type is also gradually increasing, from 50% at the beginning to 70%, and on average about 10,000 ETH will be burned every day. The PoW mechanism will be removed, meaning that mining—as done up to that point—will become a thing of the past and new incremental issues will only be issued through the PoS mechanism of 400,000 to 700,000 per year. While this was boosted by the growth of the projects during the summer of DeFi, the reduced rate of inflation after the London upgrade also played a role. With the arrival of the PoS mechanism, the PoW mechanism of Ethereum 1.0 will become history and the deflation of ETH will come soon. Benefits for CryptoSlate Readers From 11 to 25 January 2022, click this hyperlink on CryptoSlate to get a free 7-day trial of Footprint Analytics! What is Footprint Analytics Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights.
World’s Leading Platform for Financial NFTs, Pledge Finance, Adds Bitfury CEO to Advisory Board
PRESS RELEASE – Palo Alto, California, 11th January 2022 Pledge Finance is pleased to announce Brian Brooks as a Strategic Advisor. Brian’s impressive resume includes time as CEO for both Bitfury and Binance. US, an experience that will help Pledge become the premier platform for building long-term lending dApps for DeFi. A graduate of Harvard, Brian’s been recognized as one of the most influential U.S. Comptrollers of the Currency, where he granted the first federal bank charters to fintech and crypto companies, paving the way for the integration of crypto and traditional finance sectors. Pledge will leverage the innovative concept of financial NFTs to bring interest rate swaps to DeFi, a multi-trillion dollar market in legacy finance that’s currently absent from crypto.
World’s Leading Platform for Financial NFTs, Pledge Finance, Adds Bitfury CEO to Advisory Board
Pledge Finance is pleased to announce Brian Brooks as a Strategic Advisor. US, experience that will help Pledge become the premier platform for building long-term lending dApps for DeFi. A graduate of Harvard, Brian’s been recognized as one of the most influential U.S. Comptrollers of the Currency, where he granted the first federal bank charters to fintech and crypto companies, paving the way for integration of crypto and traditional finance sectors.
3.7 Million SHIB Destroyed in Past Day, While 116 Million Got Burned in Last 4 Days
As per recent data from etherscan, the Shiba Inu community has burned another 116 million SHIB Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. shibarmy — Shibburn (@shibburn) January 12, 2022 116 million SHIB destroyed within four days Etherscan shows that over the past four days and nine hours, a much larger amount (added to the aforementioned 3.7 million tokens) of SHIB has been transferred to the unspendable wallet; that is 116 million meme tokens. SHIB listed by Ripple’s major ODL partner On Jan. 11, word was also spread that the largest Latin America exchange—which turned into a crypto unicorn last year—Mexico-based Bitso, also added SHIB to its trading list.
Faith Connexion’s FTRB Token Pegs to Faith Tribe’s Physical Clothing, Unites Global Brands
Faith Tribe (FTRB) brings together global community designers, artists, bloggers and brands. This time, Faith Tribe (FTRB), a network that brings together global community designers, artists, bloggers and brands introduces a new concept that enables their native token price to be pegged to the value of a clothing item. However, the network pegged its token to Faith Tribe’s physical clothing. In this way, the price of the merchandise will not change as it did originally even if the price of FTRB surge or dive in the market.
Instagram Influencers Sued by Investors for Falsely Promoting Crypto Tokens
Instagram influencers Kim Kardashian and American boxer Floyd Mayweather have been sued by investors, accusing celebrities of falsely promoting crypto tokens to mislead investors. Chairman of the Financial Conduct Authority Randell stated that it is not that this particular token is a scam, saying that: “But social media influencers are routinely paid by scammers to help them pump and dump new tokens on the back of pure speculation.
Hong Kong Regulator Canvasses Views on Rules for Crypto Assets, May Adopt Regulatory Framework by 2024
Hong Kong’s de facto central bank invited comment on Wednesday about ways to regulate crypto assets and stablecoins, with the aim of adopting a regulatory framework by 2024 in which the policy spectrum could range from no action to a blanket ban. The global market value of crypto assets stands at about $2.2 trillion (roughly Rs. In its paper, the HKMA focused on the wider implications of stablecoins that may be used in payments, along with aspects of investor protection relating to crypto assets, and regulated institutions’ interface with crypto assets. © Thomson Reuters 2022 Google Podcasts, Spotify, Interested in cryptocurrency?
Crypto Regulation Coming – Hong Kong Fears Crypto May Endanger Financial System If Not Monitored
Hong Kong plans to create a crypto regulation plan by mid-summer and implement it within next few years According to Reuters, the Hong Kong Monetary Authority is now collecting comments and suggestions regarding different ways to impose regulatory rules for cryptocurrencies and stablecoins separately. One of the factors that has contributed to this is a recent case, in which users were unable to withdraw their funds from local exchange Coinsuper. Bloomberg states that the regulation plan should be ready by July of this year.
Hong Kong to Set a Plan for Cryptocurrency Regulations by July 2022: Report
The Hong Kong Monetary Authority (the central banking institution of the city-state) reportedly intends to establish a new regulatory regime for digital assets by July this year. In a recent press release, the institution said such assets present “possible risks regarding monetary and financial stability.” Not long ago, Joshua Chu – a consultant at ONC Lawyers – described this model as ineffective, and the government should consider changing its policy.
Cardano (ADA) Price Declines to Recover From Its Weekly Low
Traders keep pondering whether this time represents an end-game for ADA. Cardano’s ADA price has plummeted drastically from its $3 all-time high (ATH) to a weekly low of $1.21 on CoinMarketCap. In fact, this forms a huge part of why traders are unhappy with the slow growth of the Cardano network compared to other existing blockchains.
Bitcoin funding rates stay negative as BTC price spikes to $43.5K
Bitcoin (BTC) surged almost $1,000 in minutes on Jan. 12 as encouraging signs emerged from exchanges. Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $43,468 Wednesday, its highest since Jan. 6. This would likely come in the form of a “short squeeze” against latecomer shorters, they argued, and Wednesday’s sudden wick higher appeared to support the theory. – 42K ✅ – 45.5K – 4.66K I will be 75% out by then, leave the rest to see if we can hit $52K and then reassess.
$100 BTC: With S2F Model Failing, Is $100k Possible for BTC
Bitcoin had a monumental recovery charting over 60% appreciation in price as the third quarter of 2021 began. As that happened, the anticipations of Bitcoin at $100K were shattered. Notably, Bitcoin’s price was pretty much around the same price level in the first week of January in 2022, trading close to the $40K level as it was during 2021, exactly a year ago. This model treats Bitcoin as being comparable to commodities such as gold or silver that we know as ‘store of value’ commodities. Notably, from mid-2018 to the April ATH, PlanB’s S2F model has been almost accurate, barring a couple of divergences. One reason behind S2F projections failing could be the wave of high volatility BTC had been riding since May. Apart from that, had: The China FUD Elon Musk’s comments and environmental concerns, and Scrutiny from FEDs All of these and more fueled BTC’s so-called untimely fall last year. Market Maturing But $100k BTC Not in Sight for Now While Bitcoin dominance has fallen close to 45%, the positive narrative for cryptocurrencies was intact. If you’re getting impatient with waiting on BTC to do something, at least it seems like the NFT bull market is back.
New On-Chain Metrics Suggest Bitcoin May Be Due For Bullish Relief Rally
Advertisement Glassnode reports Bitcoin’s current position in the market. The performance has been described as a poor follow up from the November and December price movements, where the market saw Bitcoin hit a high of nearly $69,000 and continued to mount uphill momentum. Glassnode’s market analysis reveals that institutional funds and long-term holders are the primary market participants at the moment. The same market movement followed in March 2020 and peaked in February of last year. Part of its recent analysis reads; Advertisement “Even though prices are falling and even though the market gets a little bit depressing during these down periods in 2018 and 2019, we’ve had this phase since May.” Meanwhile, new entities continue to grow.
Footprint Analytics: Public Chain Development in 2021— From Ideal to Reality | Annual Report 2021
According to Footprint Analytics, there are now 86 public chains in total, compared with 11 at the beginning of last year, a seven-fold increase. L1s include CEX branded public chains like BSC, Cronos, and Heco, interoperability chains like Cosmos and Polkadot, and public chains like Solana, Avalanche, Terra, and Fantom. Sidechains are Ethereum expansions compatible with the Ethereum Virtual Machine (EVM), built mainly to deal with excess traffic on the network. Hive, WAX and BSC are the top three public chains in GameFi in terms of active users per month. As of Dec. 31, the TVL of cross-chain bridge projects exceeded $10 billion. In addition to the wide variety of cross-link bridges, cross-link bridge aggregators like Chainswap and FundMovr are also popular among users and developers. Summary With widespread adoption and an influx of new users, the blockchain has expanded to far more than just Bitcoin and Ethereum Different public chains aim to solve pressing Web3.0 problems, and their relatively low development cost makes it possible to have many public chains. Date and Author: Jan 12th, 2022, email protected This article is part of our Year in Review series. CryptoSlate Newsletter Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.
Washington Developer Harbor Custom Development to Accept Payments in Crypto
Real estate investors in Washington who is looking for a real estate agency that accepts cryptocurrencies need to look no further as Washington-based Harbor Custom Development Inc is launching the service by the end of January. According to a report from Rismedia, the company said it will accept “digital currencies as payment for its listed land, developed lots, residential homes, condominiums, and apartments in the company’s operating markets in Washington, California, Texas, and Florida beginning Jan. 24, 2022.” The utilities surrounding digital currencies are still being harnessed in various industries.
Klaytn and GMO Partner to Develop New-Age Blockchain Capabilities
A key partnership has been struck between Klaytn Foundation and GMO Internet Group. Klaytn is a well-known name in the category of enterprise-grade blockchain platforms and its coming together with Japanese conglomerate GMO will definitely bring more growth opportunities for both organizations. It is important to note that GMO has developed all these product platforms internally and the company is proud of its capabilities to come up with such advanced technologies for its user base.
EverRise Director Jenn Duong on Developing Secure dApps and the Issues Facing the DeFi Space
EverRise Director Jenn Duong on Developing Secure dApps and the Issues Facing the DeFi Space EverRise is a blockchain technology company that offers bridging and security solutions across blockchains through an ecosystem of decentralized applications. The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse.
SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won’t Say if Ethereum Is a Security
SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won’t Say if Ethereum Is a Security The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has explained how securities laws apply to cryptocurrency tokens as he outlined the commission’s priorities in regulating the crypto space. “ SEC Chair Gary Gensler on Cryptocurrency Regulation SEC Chair Gary Gensler discussed cryptocurrency regulation and the agency’s 2022 regulatory agenda on CNBC Monday. While acknowledging that new ways to invest, including crypto tokens and Special Purpose Acquisition Companies (SPACs), are “exciting,” the SEC chairman emphasized: Our role at the SEC is to ensure that the public still gets basic protection. Gensler further explained: “What is kind of old and really important is this basic idea that if you raise money from the public and the public is thinking about a profit, you have got to give them basic disclosures and everything.” His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Neither the company nor the author is 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 in this article.
Nova Scotia Securities Commission Warns about CoinRise
The Nova Scotia Securities Commission published an investor alert for CoinRise, a cryptocurrency exchange, yesterday. Moreover, the crypto trading platform has been flagged by the Financial and Consumer Affairs Authority of Saskatchewan (FCAA). To protect investors against rising fraudulent activities, the commission urged investors to conduct due diligence before making an investment decision. To see if a person or company is registered, you can check the Canadian Securities Administrators’ National Registration Database,” the commission added.
Bitcoin shoots to $44,000 as US inflation hits 7% in December
The latest figures from the United States Bureau of labor statistics show that the (Consumer Price Index) CPI hit 7% in December. Upon release of the figures, the price continued its upward climb, touching $44,000. But then unless monthly inflation accelerates from here, the year-over-year figure will likely peak within Q1 2022.
Will Bitcoin Bulls Bypass the Death-Cross? Know Whether BTC Price Will Hit $47k First or $38k!
Despite the upside move up to $42k, Bitcoin price is on the verge of collapse as death-cross looms ahead. On the contrary, if downside pressure builds up then it may even plunge underneath $40k. The block crypto analytics also confirmed a rise in the number of new addresses on the Bitcoin network. New addresses have spiked from 395k to 406.8k over the past couple of days. Collectively, the above catalysts have a big role to play in the next couple of days.
Bitcoin’s Lightning-focused app Strike hits Argentinian shores
Bitcoin’s Lightning-powered payment app, Strike, announced its launch in Argentina to offer what it claims to be a superior financial experience in a country that has one of the world’s highest adoption rates for cryptocurrencies. On Strike’s future expansion plans the P.A read, Strike has begun working with merchants, consumers, and individuals in Argentina, launching initial integrations and activations in San Martin de Los Andes. This is to provide a legal structure and legal certainty to everyone who buys the Bitcoin bond,” Zelaya added.
Dogecoin Up 5.30% in Past 24 Hours as It Is Back Among Top Purchased Coins by Whales
Dogecoin has demonstrated a rise of 5.30% over the past 24 hours Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only.
Fantom is trending, about to break top 25 coins by market cap: buy Fantom now
After enjoying consistent growth, Fantom added 21% to its value in the last 24 hours. Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds. In the best case, the analysts predict Fantom could soar to $4.28 during 2022.
Bomber Coin is up 22% in the last 24 hours: here’s where to buy BCOIN
The live Bomber Coin price today is $2.91 with a 24-hour trading volume of $10.4 million. Top places to buy BCOIN now As BCOIN is such a new asset, it’s yet to be listed on major exchanges. Send your BNB to a compatible wallet like Trust Wallet or MetaMask You’ll need to create your wallet, grab your address, and send your coins there. BCOIN is a classic play-to-earn game where players can buy bomber heroes and participate in exciting game modes.
Meta poaches staff from Microsoft and Apple for metaverse plans
Employees from Microsoft and Apple are jumping ship to join Meta Platforms as the company sets its sights on creating a metaverse. According to former employees of Microsoft quoted by The Wall Street Journal, around 100 people have ditched the tech giant’s augmented reality team over the past year to join Meta Platforms. They claim that Meta has been particularly focused on snapping up people who have worked on Microsoft’s HoloLens augmented reality (AR) headsets. pic.twitter.com/h5tsdYMXRD — Satya Nadella (@satyanadella) November 2, 2021 “The Metaverse enables us to embed computing into the real world and to embed the real world into computing,” Microsoft CEO Satya Nadella said at the time.
Apple & Microsoft record an employee exodus to Meta
Meta, formerly Facebook, continues to focus on its metaverse plans. Meta is poaching employees with experience in virtual and augmented realities to ensure that rebranding to Meta is a success. WSJ notes that an assessment of various LinkedIn profiles shows that over 70 employees that worked on Microsoft’s HoloLens AR headsets have left the company over the past year. Microsoft was among the first tech giants to venture into AR spaces with the launch of the HoloLens project in 2016. The bonuses were also given to some workers in software operations.
SuperHub.com Project Pivots to Hinder Facebook’s Meta
The owners of the Internet domain www.superhub.com, one of the oldest continuously owned Web addresses at 26 years, have decided to try and directly inhibit Mark Zuckerberg’s takeover of the metaverse. “Basically, we want to impede Mark Zuckerberg’s relentless march, aka the ‘Z-Menace’, by providing easy navigation and privacy to Web users,” says owner Tal Newhart. One side of SuperHub.com will branch into the familiar ‘realverse’ including neutral social media, expanding e-commerce platforms, and legal online sports betting platforms such as DraftKings and Barstool Sports.
Elrond acquires payments provider Utrust in a bid to bring crypto to millions of merchants
Elrond, a high-throughput blockchain platform, announced today that it has acquired Utrust, a global cryptocurrency payment solution. Elrond, a high-throughput PoS blockchain platform, is on a mission to solve this. Announced earlier today, the acquisition is set to accomplish two distinct goals—make payments faster and more reliable by using blockchain technology and introduce a new product called Merchant Yield. “After exploring this together with Elrond, we not only realized that this is possible, but also that it is the inevitable future of payments.
Elrond Acquires Utrust for Web 3.0 Ecommerce and Payments Solution
Elrond Network acquired Utrust, a cryptocurrency payment platform. Elrond Network has announced the acquisition of Utrust, one of the rising cryptocurrency payment platforms today. The first is to make faster, cheaper, and more secure payments through blockchain technology. By using blockchain technology, Elrond plans to make payments completely digital to offer near-instant and secure global settlements at a negligible cost, which will be accessible to merchants all over the world. The second product we will be working on together with the newest member of the Elrond family is Merchant Yield, a DeFi-first payment processing solution that will provide yield for merchants, instead of requiring them to pay a percentage of the transacted value.
BabyDoge Holders Now Total Whopping 1.205 Million
Number of BabyDoge holders has reached a record of over 1.205 million as the community keeps expanding Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. These people are holding over one quadrillion BabyDoge tokens: 1,021,210,347,125,265 worth $3,921,073. Earlier, U.Today reported that BabyDoge had flipped ETH as the most frequently traded token for Binance Smart Chain whales; that was two days ago.
KlimaDAO increases carbon offset stash by 50% in two months
Carbon offset protocol KlimaDAO has now accrued over 14 million on-chain carbon offsets and is causing waves in the more traditional carbon offset industry. The decentralized autonomous organization is spending $100 million on offsets. Being doxxed refers to revealing an anonymous individual’s true identity. Experts answer, Part 1 The KlimaDAO team appears poised to take on the challenges associated with carbon offsets on the blockchain for the long term as it said, “We are prepared to do what it takes to make the DAO successful.”
Digital Yuan Wallet Ranks Among Most Downloaded Apps in China
Digital Yuan Wallet Ranks Among Most Downloaded Apps in China The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Visitors at the venues in the capital will be able to use the e-CNY without having to open a local bank account. The CBDC is also available in the applications of seven Chinese banks – Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, Bank of Communications, Postal Savings Bank of China, and China Merchants Bank. According to a report by China.org.cn, e-CNY payments have seen a “stratospheric rise” in the past week since the currency became available across Chinese mobile apps. The value of transactions also spiked, by more than 64% over the week before the launch.
Polygon(MATIC) Price May Surge 30% in Next 2-3 Days, Will it Make it to $3?
Polygon price is ranging slowly yet steadily towards its desired target at $3, yet the bears wait for the opportunity to cash in A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task. However, the asset is currently entering a crucial phase where-in the possibilities of a ranging either towards north or south are equally high. And hence in the upcoming hours, the asset may undergo a notable pullback as its hovering along with the neckline. Collectively, the MATIC price has both the chances of breaking out above $2.7 with a potential to go 60% long.
Polygon is Discontinuing MATIC BEP-2: What Does this Mean?
Ethereum scaling solution, Polygon, has announced the discontinuation of its BEP-2 tokens. Polygon launched the MATIC BEP-2 token in 2019n after its MATIC listing and integration with the Binance DEX and its main chain (not the Binance Smart Chain).
Binance becomes exclusive cryptocurrency sponsor for AFCON
Binance, the largest cryptocurrency exchange platform by trading volumes, has become the latest exchange trying to boost its brand awareness in the sporting sector. Through this deal, Binance will become the official cryptocurrency and blockchain sponsor for the Africa Cup of Nations (AFCON) tournament. The championship will run from January 9 to February 6, 2022, with the matches taking place in Cameroon. The co-founder and CMO of the exchange, Yi He, noted that the exchange had a mission to boost crypto access to the unbanked. The survey revealed that around 70% of Africans were investing in crypto to offer better livelihoods to their families.
Cryptocurrencies to Become a Standard Payment Option, Paysafe Study Shows
Multinational online payments company Paysafe has conducted a study that shows that 60% of the respondents believe that crypto purchases will become widespread in a year. Moreover, 47% of the respondents acknowledged that crypto payment options would become commonplace in physical stores in the next 12 months. Nevertheless, some challenges ought to be tackled in the crypto space.
Flappy Doge Becomes First P2E Metaverse to Introduce DAO Governance
By Hellen Advertisement Advertise with us The Non-Fungible Token (NFT) tsunami has swept through the crypto ecosystem; the entire financial and collectible market has been transformed by the NFTs’ arrival, as they link together numerous industries. The incentives earned using the mobile app can be redeemed on Market Place. Users will be able to access NFTs and enhance their gaming to explore and expand their FlappyDoge experience by using the platform’s staking and lessee matching system for NFT enhancements. Flappy Doge Ecosystem and Tokenomics Finally, the games will be integrated into the NFT and FlappyDoge ecosystems, allowing for successful progress in one game to be carried over to others. a skill set in the newer game that allows them to compete in earlier games—a problem that has previously plagued other popular games in which new users can never “catch up” to other players. Community development and strong community connection are incorporated into the approach, which includes vital social network sites such as Telegram, Reddit, Twitch, and others. To learn more about Flappy Doge visit Flappydoge.org Twitter: https://twitter.com/FlappydogeToken Instagram: https://instagram.com/flappyDogeToken Telegram: https://t.me/flappydogetoken Discord: https://discord.gg/JabfFu6y Reddit: https://www.reddit.com/r/FlappyDogeToken Medium: https://link.medium.com/KDilbGA1Qlb Flappy Doge Movie: https://youtu.be/QkKWayjGpmQ
Thorus Aims to Become the First DEX on the Moonbeam Network
Thorus, a leading name in the DeFi domain, is now extending its capabilities to become the first automated market maker (AMM) decentralized exchange on the Moonbeam. Despite the fact that cross-chain expansion was envisaged later in the roadmap, Thorus will attempt to become the first All-in-One DEX on Moonbeam, utilizing essential features such as POL (Protocol Owned Liquidity) through Bonds, Launchpad, and the lowest fees to build liquidity and treasury to the best degree possible. Still, given the competitive scenario in the DeFi domain, the organization has decided to pull up its socks and catalyze the innovation to achieve desired business outcomes on users’ profitability and expansion of its network.
Cash App integrates Bitcoin Lightning Network for faster BTC transfers
Popular mobile payments service Cash App has integrated the Bitcoin Lightning Network as a part of an update, allowing faster and cheaper Bitcoin (BTC) transfers using the layer-two (L2) payments protocol. Prior to leaving Twitter, Dorsey also openly voiced his interest in integrating L2 protocols for the newly launched tipping services on Twitter and BlueSky: Only a matter of time — jack⚡️ (@jack) June 11, 2021 The latest data from Business of Apps shows that Cash App has catered to over 36 million users across the United States and the United Kingdom.
Strike Brings The Bitcoin Lightning Network to Argentina
The popular digital wallet built on Bitcoin’s Lightning Network – Strike – announced its launch in Argentina. 🇦🇷 Today, we launch a superior financial experience to a country that faces hyperinflation, predatory payment networks, and unusable cross-border transfers Today, we use the world’s open monetary network, #Bitcoin, to give hope to the people of Argentina pic.twitter.com/Z2RYLxmKSL — Jack Mallers (@jackmallers) January 11, 2022 According to a separate statement, the CEO classified the South American state as one of the “most exciting countries for building the Bitcoin economy.” The firm has already launched initial services to the residents of the southern city of San Martin de Los Andes, located in Patagonia.
Bitcoin Holders Remain Unshaken, Altcoins See Recovery
Even after losing nearly 15% of its value in the last 10 days, Bitcoin has remained the preferred choice of long-term crypto holders. During every major correction in the market, large investors step in and accumulate Bitcoin and other digital currencies from short-term holders. As a result of the recent jump, short crypto liquidations increased. This lines up with the recent month of address activity, which has seen BTC and ETH mostly flat, and the drop of activity for assets like XRP, SHIB & LINK,” Santiment mentioned in a Tweet.
Bitcoins’ Circulation and Address Remain Underwhelming
In 2022, Bitcoin (BTC) is experiencing a period of calm because of decreased utility on its network. Source: Santiment BTC ushered the new year below the psychological price of $50,000 based on factors like retail investment drying up. Santiment noted: “Our social trends data confirms that the trading crowd feels very much as though crypto is in an official bear market.
Crypto Regulation Remains to Unfold in 2022
As cryptocurrencies enter into a new year after experiencing new highs last year, new changes await, among which regulation is top of the list. Experts believe that regulation will tone down volatility and bring peace of mind to the wider markets, leading to bigger investments in the industry. “Stablecoins can certainly be a useful, efficient consumer serving part of the financial system if they’re properly regulated,” he said. While countries like China have taken a hard stance towards crypto by banning them, regulation has become a major concern for many economies globally. News, the South African Financial Sector Conduct Authority (FSCA) is on track to unveil an encompassing regulatory framework to protect consumers that emanate in the digital currency ecosystem from scams.
Tiny Bitcoin miner defies massive odds to solve a valid block
A single Bitcoin (BTC) miner from the Solo CK mining pool has defied the odds after successfully adding a new block on the Bitcoin blockchain, taking home 6.25 BTC ($266,000) for their efforts. According to a Tuesday tweet from Solo admin Con Kolivas, it’s equivalent to about 0.000072% of the total Bitcoin network hash rate, which is 175,000,000 TH/s. Bitcoin mining expert and member of the Bitcoin Mining Council Hass McCook told Cointelegraph that he has never heard of anything like it, adding, “To say this is very rare is an understatement.” “It’s usually larger miners that solve blocks statistically, but there is no reason even the smallest miner can’t solve one.”
Layer 1 Coin Oasis Surges on DeFi Growth, Binance Support
Get daily crypto briefings and weekly Bitcoin market reports delivered right to your inbox. The majority of the total value locked is on a new decentralized exchange called YuzuSwap. The network’s native token, ROSE, is up 18.1% today, while its DeFi ecosystem has hit $100 million in total value locked. Oasis Network has had a number of other major updates in recent weeks. It hit an all-time high price of $0.48 earlier today before a slight cool-off.
NEAR is the biggest winner in the top 20 this week, up 7%: Top places to buy NEAR
NEAR Protocol’s native token NEAR is the biggest winner in the top 20 this week. If you want to know what NEAR is, if it’s worth investing in, and the top places to buy NEAR now, you’ve come to the right place. This allows for near-instant finality by having validators take turns producing blocks rather than competing directly based on their stake.
Avalanche is one of the biggest top 12 gainers: best places to buy Avalanche
Avalanche, the 11th biggest coin in rankings, has gained 8% today, trading for just over $90. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.
Coinbase Allows Employees to Get Four Charge Weeks Holidays for Restoring Energy
Major U.S. cryptocurrency exchange Coinbase said it would give its employees four charging weeks (roughly one per quarter) in 2022 to allow employees to restore energy. In the blog, Coinbase said: “Four weeks of coordinated recharge time might sound like a lot of time off for a company in hypergrowth, but given the intensity of our work throughout the year, we think this is the best way to ensure our pace is sustainable for the long term. ” “Despite our FTO policy for most employees, we realized in 2020 that many employees weren’t taking enough time off to recharge, either because they didn’t want to force their teammates to cover for them or because they didn’t want to fall behind on their work,” Coinbase added.
Paysafe study shows 54% of people believe crypto is the future of finance
The crypto sector has grown significantly over the past year. A recent report has revealed that most crypto users are optimistic about the further growth and adoption of cryptocurrencies. The report gave in-depth insights into various sentiments among members of the crypto community. Crypto will be the future of finance The study conducted by Paysafe exclusive involved people that held cryptocurrencies. 30% of the respondents in this category said they liquidated their holdings during market dips.
NFL Player Bullish About Bitcoin’s Future Potential
The crypto space blockchain technology and its potential continues to be recognized by many worldwide. Saquon Barkley, an American National Football League (NFL) player of the New York Giants, expresses his support to the power of the crypto world. This is why I believe in #bitcoin Almost all professional athletes make — Saquon Barkley (@saquon) January 11, 2022 The tweet posted by Barkley stated that he wants to maximize the value of his earnings on his career and crypto-assets is one way of doing it. “ The tweet made by Barkley gathered different opinions in the Twitter community; some express their opinion while others simply agree.
NFTs will be Everywhere in the Future because of Proof of Ownership, Expert says
Caroline Alexander, a finance expert at the University of Sussex, believes that non-fungible tokens (NFTs) will be everywhere in the future because anything that requires proof of ownership will be an NFT. As a result, NFTs are different to a typical crypto token because of fungibility.
Bitcoin Cash Price Prediction: BCH/USD Keeps Price Above $350 Resistance
Bitcoin Cash Price Prediction – January 12 The Bitcoin Cash price prediction shows that BCH is now facing the 9-day moving average as the coin gets ready for the upside. However, after the coin touched the monthly low of $348 a couple of days ago, the Bitcoin Cash is now rebounding towards the moving averages. Bitcoin Cash Price Prediction: Would BCH Price Going Break to the Upside? Presently, the Relative Strength Index (14) is recovering from the oversold region, the signal line may likely cross above 40-level and this could increase the buying pressure for the coin to cross above the 9-day moving average to reach $400 resistance.
Bitcoin Price Prediction: BTC/USD Bulls Set To Conquer $45000 Level
Bitcoin Price Prediction – January 12 The Bitcoin price prediction shows that BTC is rising for the second straight bullish day as the technical indicator on the daily chart faces the north. Meanwhile, on the upside, the $43,000 level aligns with the initial resistance. In other words, Bitcoin could retreat below the 9-day moving average, currently located at $43,108. BTC/USD Medium – Term Trend: Bearish (4H Chart) According to the 4-hour chart, BTC/USD is currently trading above the 9-day and 21-day moving averages as the coin is likely to cross above the upper boundary of the channel to hit the resistance level of $45,000 and above.
Request Price Prediction
Request Price Prediction REQ is a native token of the Request network, which is created to make payments. REQ Price Prediction 2022 While talking about price prediction for 2022, analysts have different points of view. REQ Price Prediction 2024 Analysts predict that during 2024 the price of the REQ token will stay at the same level. As it happens usually, we will see a number of minor setbacks, but by the end of the year, the price may hit the new all-time high and fix this level. This expanded demand for the services provided by the Request protocol led to the new price level. All purchases and cryptocurrency investments are your own responsibility.
Dogecoin Price Prediction 2022: Market Analysis and Opinions
By Ponvang B. Advertisement Advertise with us Although 2021 may have been the year Dogecoin went mainstream, an earlier Dogecoin price prediction has 2022 as an even more promising year for the coin. Dogecoin can be an intimidating investment, as it has seen explosive growth only to plummet essentially overnight. A retest of this area will likely provide DOGE with the necessary bullish momentum to kick-start a rally that will extend beyond the recent swing high. Dogecoin set up two swing highs and lows at $0.3409 to $0.3515 and $0.1347 to $0.1518, respectively, since August 2021. DOGE price has to clear $0.25 to reach the range high at $0.3515, completing a 29% ascent. Depicting the oversold nature of DOGE price is a negative Market Value to Realized Value (MVRV) metric that shows the average profit/loss of Dogecoin investors from the past months, which puts DOGE in an opportunity zone. Source: TradingView In other words, Dogecoin holders are currently at a loss and are less likely to sell their tokens at the current position. Let’s answer this question from the perspective of investors. Dogecoin Price Forecast for the Rest of the Year WalletInvestor WalletInvestor suggests DOGE is in a perfect position to kick-start a massive uptrend, as it will collect the sell-stop liquidity at its current position for a rally to $0.378 with the year. Latest News and Happenings Concerning Dogecoin Dogecoin continues to enjoy the support of Tesla and SpaceX CEO Elon Musk. Elon is no stranger when it comes to Dogecoin, in particular, known to use the power of Twitter handle to send DOGE price trending and tumbling, breaking expert Dogecoin price prediction thesis. The Dogecoin price prediction 2022 hints DOGE could set up a bullish turn around but fall short of a $1 prediction, especially following uncertain market conditions and investor fears. The Dogecoin price prediction for 2025 is likely to reach $1 and grow its market value to more than $100 billion.
Crypto Method Review: Yay or Nay?
Many individuals are suspicious with regards to utilizing progressed crypto exchanging programming like Crypto Method. We should recall the digital money market is unstable and time-touchy. For dealers who have done their exploration on mechanized exchanging programming general, the adequacy of getting significant yields is plausible with experienced representatives. The stage is not difficult to explore and easy to understand. Demo Account We suggest utilizing the demo exchanging highlight, particularly for new and unpracticed clients. Live Trading Prior to beginning a live exchange, we propose that all new clients put forth exchanging lines. When a client has arranged as far as possible settings, it will apply each day of exchanging, aside from on the off chance that the client changes settings before an exchange happens. It additionally protects new clients from putting huge amounts of cash into a market they don’t yet see. Pull out income early-we propose pulling out your profit and leave the underlying speculation sum on the framework for really exchanging.
The Crypto Comeback Review : Keep Your Money Safe!
Clients should comprehend that the dangers of buying and selling may at times offset the aggregate sum contributed. Crypto Comeback Crypto Comeback is a site that utilizations progressed calculations to robotize the bitcoin exchanging process. The stage is likewise accessible in an electronic form that works with practically all programs. Dealer guideline is adequate proof of a guarantee to working straightforwardly. At the point when you utilize this robotized include, you will not need to do everything except track your record and make changes, withdrawals, or stores depending on the situation whenever you’ve set it up. This exchanging stage is incredibly prone to be beneficial since more than 90% of its analysts guarantee to earn enough to pay the rent. From anyplace in the United States, you ought to have the option to join the application. Moreover, the Crypto Comeback web-broker is accessible as an application for Android and iOS cell phones. Enlistment If it’s not too much trouble, use your authority email address while enlisting (FREE). Fill in your first and last name, just as your telephone number. Its SSL-based framework gives signals about market drifts and executes exchanges on the most ideal occasions. It is spot on to say that one of the most famous mechanized bitcoin exchanging programs is Crypto Comeback. To wrap things up, market instability and variances are unavoidable, and keeping in mind that mechanized programming is ideally suited to deal with exchanges steadily changing economic situations, there is consistently the danger of losing cash.
Roobic Review: The Startup Striving to Bring More Transparency to Crypto!
The cryptoverse, since the advent of programmable blockchains, has seen a lot of players with the same bland and often predictable business model. Yes, there are cracks and imbalances in anything blockchain as the technology is still growing, but what is more discouraging in these times is the profitability plans crypto startups employ at the detriment of their partakers. People who want anonymity, speedy trade, and to bypass the hassle of buying big amounts of crypto go through OTC “desks.” Still, Roobic is looking to be a leader in this game with various customers to help speed up transactions. In addition, Roobic upholds confidentiality since it’s one of those factors that attract OTC customers. With staking, you are not required to purchase high-speed machines to solve mathematical puzzles like the mining process.
More Green Energy: Crypto Mining Saves A Hydro Power Plant In Costa Rica
Green energy powers most of Bitcoin mining and the world might as well face it. And the rest of the cryptocurrencies that use Proof-Of-Work might be right behind, because they follow the same incentives. Reuters gives us the prelude to the story: “The plant was forced to reinvent itself after 30 years because the government stopped buying electricity during the pandemic due to surplus power supply in the Central American country, where the state has a monopoly on energy distribution.” Because of the FUD that everybody and their grandmas spread through traditional media and spills into social media, Eduardo Kooper, the owner of the plant, doubted to go the crypto mining route. Three months ago, we wrote: “A whitepaper by the Bitcoin Clean Energy Initiative from earlier this year had explained how bitcoin mining, when using renewable energy, “is especially suited to accelerate the energy transition” towards a cleaner electricity grid.” Featured Image: Screenshot from Reuters’ video report | Charts by TradingView
Report: Morocco Now North Africa’s Leading P2P Crypto Trading Nation
Report: Morocco Now North Africa’s Leading P2P Crypto Trading Nation In the year 2021, Morocco, which previously announced measures restricting crypto trading, became North Africa’s leading crypto-trading nation after its peer-to-peer (P2P) trade volumes surged to $6 million. In a breakdown of the global peer-to-peer crypto trade statistics, the Triplea research data shows that 2.4% of Morocco’s population, or 878,168 people, owned cryptocurrencies in 2021. Russia is ranked second with 11.91%, Venezuela is in third place with 10.34%, and Kenya is in fourth place. Neither the company nor the author is 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 in this article.
BitTorrent Creator’s Blockchain Chia Network Launches P2P Trading
Chia Network, a blockchain platform founded by BitTorrent creator Bram Cohen, launched its peer-to-peer (P2P) trading service named Offers for Chia Wallet holders. Hoffman added: Launching Offers is the first step in delivering on those needs, and our partnership with Stably to provide US dollar-pegged stablecoins and wrapped cryptocurrencies is integral to the process. The company also said that it is ready to partner with stablecoin solutions provider Stably to introduce the first dollar-denominated stablecoin on its blockchain network.
Mizar Galaxy Fund – Trading Assets for the Community
The Galaxy Fund is controlled by expert traders who trade on behalf of crypto users. Profits from the fun are distributed among liquidity providers and a portion is funneled back into the fund to increase capital. Today, crowd-sourcing has become a viable organizational tool that has evolved from being a mere fundraising source for independent artists to becoming a means by which a project’s community can influence its ongoing development. A hedge fund by the people and for the people, Mizar Galaxy removes the skill-curve and time constraints that come with managing an active investment portfolio, while still delivering rewards to users commensurate with the value of tokens they have staked on the platform. All Hail the Bots In a nutshell, Mizar is a crypto-centric trading platform that allows talented traders to maximize earnings from their strong performance. Please note that this article does not constitute investment advice.
Twig nets $35m for marketplace that trades used items for crypto and NFTs
London-based circular economy fintech Twig has raised $35m (£25.7m) in a Series A funding round. The scaleup is targeting millennials and gen Z. UK-based Fasanara Capital led the investment, while other undisclosed investors from current and former executives at LVMH, Valentino, Balmain, Tod’s, Swarovski, L’Oréal, Barclays, Goldman Sachs and Scalapay participated. Founded by Cupi in 2020, Twig aims to merge payments with resales and enable consumers to monetise their items in a sustainable manner. The platform offers its users to sell or trade-in electronics or their fashion clothing for cash.
Goku Builds Platforms and Marketplaces for Anime NFTs and Manga Content Fans
Goku is a project that is creating a community for anime and manga fans. Therein, NFT Marketplaces eliminate the need for producers to rely on traditional content distribution channels like Instagram or Youtube, allowing them to generate value for their work on their own. Goku, for example, is a project that is creating a community for anime and manga fans that will allow artists to communicate directly with their followers.
LooksRare NFT Marketplace Suffers DDoS Attack
The exponential growth rate with which the category of non-fungible tokens (NFTs) is growing has amazed industry experts. The platform has got its native token called LOOKS, and to wean away users from the OpenSea, LOOKS is being offered free of cost OpenSea users who transacted more than 3 ETH on the platform between 16th June and 16th December 2021. We have already witnessed the same tactics by Infinity, another NFTs marketplace that made its market debut in October last year. Numbers in terms of the trading volume on the leading OpenSea platform are very encouraging, with the total figure crossing the $2 billion mark in the first ten days of January this year.
Cardano founder says delays are just the nature of the game
Input Output (IO) CEO Charles Hoskinson is pleased with Cardano’s progress to date. Speaking with Dan Gambardello from the Crypto Capital Venture YouTube channel, Hoskinson said people are too focused on the micro picture. However, despite the achievements made since late 2017, the Cardano founder said people “get caught on the narrow.” Delays don’t invalidate what has happened before Taking the opportunity to equate circumstances with Ethereum, Hoskinson points out that Vitalik Buterin initially gave ETH 2.0 a 2018 rollout date. Answering himself, he says no, “it’s just the nature of the game” when building blockchains.
Metalama To Release A Hyper-Deflationary $LAMA Play-to-Earn Game
Advertisement Metalama’s $LAMA, a hyper-deflationary token, is the newest community-driven token backed by a significant number of crypto enthusiasts, skilled developers, large and retail investors, and marketing professionals. To ensure the stability of the token, it uses a basket of fiat-pegged stablecoins to facilitate programmable payments and open financial infrastructure development. 18% of the token supply will be burned after minting the tokens. Advertisement Also, the tokenomics of $LAMA is one of the extraordinary projects in the crypto world. After our presale and successful launch, we will create a Play-To-Earn game where players will earn $LAMA by playing and eventually battle each other for $LAMA tokens. $LAMA being a deflationary token makes the project safe by maintaining the price floor throughout the ups and downs in the crypto world. It focuses more on the opinions and suggestions of the community in its development.
Yield Guild Games Partnered with Coinbase to Offer More Scholarships
And Yield Guild Games has one inescapable argument to prove this statement: more and more players want play-to-earn scholarships.
Arkania Protocol Launch Multi-Chain Launchpad Making IDOs Accessible to All
Arkania Protocol Launch Multi-Chain Launchpad Making IDOs Accessible to All press release PRESS RELEASE. Each project is meticulously tested against set parameters that include project feasibility, long-term viability, and a security audit. On the other side of the proverbial coin, it significantly reduces the project listing fee, lowering barriers and friction for projects to get on board the platform. ANIA: A Token for the Public Arkania’s native BEP-20 compliant ANIA token offers investors and enthusiasts a broad range of benefits on the platform, ranging from discounts, special early access to launches, staking rewards, and community-powered launchpad (converting into a DAO). The pre-sale tokens will be allocated on a first come first serve basis. Round 2 timeline is as follows: Whitelisting: Starting on 8th January 2022 (1300 UTC) and will continue till the 20th). Contact email@example.com to talk about press releases, sponsored posts, podcasts and other options.
Ethereum Total Liquidity in DeFi Protocols Climbs to $90.7B, Despite Price Slip
The dominance of Ethereum in the decentralized finance (DeFi) ecosystem continues to gain steam because total value locked (TVL) in this space surged by 14.43% to hit $90.7 billion, according to market insight provider IntoTheBlock. Source: IntoTheBlock The investment in DeFi protocols on the ETH network experienced an uptick, despite the price slipping below the psychological level of $3,000. The number of hodlers (addresses that have held for over one year) reached new highs with 40.87 million addresses holding 48.42 million ETH.
Azuro Protocol Rolls Out Its Second Testnet: Here’s What You Need to Know!
Azuro Protocol Rolls Out Its Second Testnet: Here’s What You Need to Know! The idea with Azuro is to provide bettors with a trustless alternative to mainstream sportsbooks with the same traditional betting experience. That greater value begins with version two of the Azuro Testnet, now live. Those who win the challenge will be awarded a unique “Savvy Bettor” NFT that Azuro said will provide the genuine utility with the launch of its mainnet, as well as a Discord role.
Bitcoin’s Death Cross 2022 Incoming: What Does it Mean and Why It Might Not Be as Bearish as You Thought
The past couple of months have been quite turbulent for Bitcoin’s price, which is as volatile as ever. Bitcoin Painting a Death Cross A death cross is a technical analysis pattern indicating that two long-term moving averages are interacting in a way where the smaller one crosses below, the longer one. A Historically Lagging Indicator The previous death cross took place in June when Bitcoin’s price was trading around $35,000. It’s worth noting, though, that history is never an indicator for future performance but it can give us an idea of how the market has reacted under similar technical circumstances in the past. This is evidenced by the turbulence on the traditional markets, which look less convincing under fears of increased rates throughout 2022.
Why This World Chess Champion Believes Bitcoin Is Very Likely To Replace The Dollar Within A Decade
Advertisement Key Takeaways Russian Chess grandmaster Garry Kasparov says Bitcoin and crypto could replace the dollar. Bitcoin and a handful of cryptocurrencies will replace the dollar, according to Kasparov During the interview, Kasparov made the bold prediction that Bitcoin, and a few other cryptocurrencies would replace the dollar within the next 10 years. “And I believe that cryptocurrencies – with bitcoin as a standard – offer a protection against this onslaught of the government, because you’re protected by math. The chess grandmaster who was the chess world champion from 1984 to 2005 released an NFT collection in December last year that curated significant moments from his career and life.
Why 20 Million-Strong XIS OG LIFE Esports Will Pilot the NFT Gaming Multiverse
On the 6th of January, Original Gamer Life, a blockchain gaming and non-fungible token (NFT) metaverse platform, announced its partnership with XIS, a Brazilian esports organization. The partnership puts OGL in elite company as it becomes the third crypto company to partner with an esports organization after FTX and Crypto.com. “With XIS changing its name to XIS OG Life, this partnership marks an important milestone for us as we can now take steps to improve the physical, mental, and financial well-being of our community — both in the physical and virtual domains as OGL evolves into the multiverse.”
Bitcoin exchange outflows see biggest daily spike since September 2021
Bitcoin (BTC) investors are voting with their wallets as one-day outflows from major exchanges near 30,000 BTC. Last week, separate data focused on what one analyst described as a “crazy” imbalance between bids and asks, indicating that bears were finally beginning to tire of selling. Related: Bitcoin returns to $42K as bets start favoring ‘short squeeze’ higher for BTC As Cointelegraph reported, miners continue to add to their reserves at an increasing pace this year, with long-term holders steadfast in their resolve not to sell. “Personally I am preparing to final bull run which will come sooner or later.”
Mercado Bitcoin operator acquires Portuguese crypto exchange
Brazilian 2TM Group, the operator of Latin America’s largest cryptocurrency exchange, Mercado Bitcoin, is moving to expand its global footprint with a strategic acquisition in Portugal. The company officially announced Wednesday the acquisition of a controlling stake in CriptoLoja, a Lisbon-based crypto exchange licensed by the Portuguese central bank. Portugal is a strategic market for us because it requires a specific license, is becoming an important hub for crypto in Europe and opens a gateway into the larger European market,” Dagnoni noted.
Soldex, Solana-built Decentralized Exchange Partners with Larix Protocol
Soldex, Solana-built Decentralized Exchange Partners with Larix Protocol sponsored The growth of the cryptocurrency industry has raised many concerns. Decentralized exchanges are revolutionary and essential parts of this evolution, offering users privacy, security, and sovereignty over their crypto assets. Leveraging on the flexibility and efficiency of the Solana ecosystem, Soldex would be able to solve the problems of slow transaction time and high gas fees. The Soldex protocol aims to eliminate this risk by offering users AI-powered algorithms (created by other experienced traders). Soldex trading bots will have the following features; market data analysis market risk prediction trading assets Additionally, Soldex would level the playing ground between experienced traders and newbies by offering educational tools to users. Building on a blockchain where transactions cost over $30 and last several minutes before completion wouldn’t achieve this needed scalability. It has created more capital-efficient risk management pools ensuring that a broad selection of collateral types, stablecoins, NFTs, crypto tokens, and synthetic assets can be utilized in a safe and secure way. What to look out for: There will be an AMA in the Soldex community on 11th January, 12pm CET. Contact firstname.lastname@example.org to talk about press releases, sponsored posts, podcasts and other options. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.
240 Million XRP Shifted by Ripple and This Leading Global Exchange
Almost 250 million XRP have been sent by Ripple and a major crypto exchange in several large transfers Popular crypto tracking service Whale Alert has spotted five large transactions, carrying a total of 240 million XRP tokens over the past 24 hours. The largest stash moved by this platform internally was 130,000,000 XRP (the equivalent of $99,879,530). XRP can now be sent in a much easier way than before As reported by U.Today, the XUMM wallet developed by XRPL Labs has scored a strategic partnership with FIO Protocol.
The 500 BTC Blind Trust to Foster Bitcoin Adoption, Btrust, Announces First Steps
And they did so by announcing their “to-do list” and “high level goals.” A month ago, Block CEO Jack Dorsey and rapper and entrepreneur Jay-Z announced the members of the board for their 500 BTC blind trust. We’ll be requesting feedback from the community on individual items in the weeks to come!,” Before going through those tasks, though, let’s remember who those members are. btrustteam (@btrustteam) January 11, 2022 The next step is crucial, “Entity and Jurisdiction.” We will work on a proposal outlining various custody solutions, with the end goal of safely taking custody of the 500 BTC.” 5️⃣ Recruit a Lead Once we’ve delivered 1️⃣,2️⃣ and 3️⃣, we will be looking to hire a full time lead to manage daily operations of ₿trust. This is one of the most important board responsibilities, and we’re looking forward to finding somebody to bring ₿tust’s vision to life! — Featured Image by EglantineUdry on Pixabay | Charts by TradingView
Graystone Company Announces Mining Performance Through December 31, 2021
Graystone Company, Inc. (OTC: GYST), is pleased to provide preliminary unaudited results for its mining operations through December 31, 2021. We began with average of 1,100 terrahash (Th/s) for the months of September and October. Since then, we have sold 9 of the S19j Pros and generated revenue of $138,800 at a cost of $114,450 for a profit of $24,350.
Binary Cat App Launch in Mid-January Focusing on Decentralized Betting
PRESS RELEASE – Please Read Disclaimer Binary Cat, a decentralized platform run on the Avalanche Network where users can bet on the price of crypto assets and the relationship between them, has announced the launch of its application for mid-January 2022. Regarding the launch of his platform, Pedro Argento, CTO, and Co-Founder of Binary Cat pointed out, “The decentralized betting sector is a promising market with a need for a platform that offers guarantees of fair play and fair rewards.
DotArcade Announces Launch Of IDO On January 12
Advertisement DotArcade, one of the most highly anticipated NFT “Empire” games, has announced the release of IDO on Gamestation on January 12, 2022, and on Koistarter, Onus, and BSCstation on January 15, 2022. While hundreds of other NFT games maintain the usual “traditional” turn-based and click-to-earn formula, Dot Arcade, a real-time strategy game, is one of the most anticipated games for 2022. Archers have a strong defensive rating but a low strength rating, making them defenseless in close combat. Barbarians are required for wars at the start of each game because a specific number of troops are required to create a stable. NFT trading, rank improvement, and staking for rewards will all be possible using $ADT. Players can earn ADTs and NFTs by completing missions in the DotArcade team or by defeating their opponents in real-time fights. “ DotArcade’s partners Horizen (ZEN), ONUS, BSCStation, Gamestation, GAMI, and Jade Labs are just a few of the significant partners’ Dot Arcade has established.
5 Next Meme Coins to Explode January 2022 Week 2
Its total cap has risen by 3.5% in the past 24 hours, to $2.14 trillion. Dogecoin (DOGE) DOGE has risen to $0.154814 in the past 24 hours, an appreciation of 7%. It continues to have the biggest community of followers, with its Reddit page boasting some 2.3 million subscribers. Tesla will make some merch buyable with Doge & see how it goes — Elon Musk (@elonmusk) December 14, 2021 For all these reasons, DOGE remains one of our 5 next meme coins to explode. Its 30-day average has more or less been on a downwards slope ever since the end of October. Of course, with the market undergoing something akin to a bear market, we can’t be sure of this. As with DOGE, SHIB has a legion of committed followers and boosters. This decentralised autonomous organisation will be responsible for deciding which projects and trading pairs will be listed on Shiba’s very own ShibaSwap exchange. Dogelon Mars (ELON) ELON is $0.00000127 as of writing, meaning it posted a 4.5% rise in the past 24 hours. Unfortunately, it’s down by 17% in the past week, but up by 4% in the last 30 days. It is, however, down by 35% compared to the all-time high of $0.000000005890 it set in July. Specifically, it has a buyback mechanism that results in the burning of coins.
Market highlights January 12: Cryptos in the green, US stocks rise as investors await CPI data
The crypto market was higher over the past 24 hours, as the majority of top 10 cryptos were in the green at time of writing. Investors will be closely following the monthly Consumer Price Index (CPI) and Core CPI data, set to be released today at 13:30 GMT. Avalanche, the 11th biggest coin in the ranking, has gained 11% today, trading for just over $90. It has gained 20% in the last 24 h. Oasis Network (ROSE), a privacy-focused layer 1 blockchain built for open finance and a responsible data economy using the Cosmos SDK, is up 19%. The game has 3 game modes: Treasure Hunt – Autoplay, Story Mode, and PVP.
Seba Bank raises $119M in Series C funding
Seba Bank, a Swiss-based digital assets banking platform regulated by the Swiss Financial Market Supervisory Authority, announced on Wednesday that it had completed a successful Series C funding round of 110 million Swiss franc, or $119 million U.S. dollars. Seba Bank became fully operational to professional investors and institutional clients in 2019.
JPEGvault Is Raising Funds to Level the Playing Field for NFT Collectors
PRESS RELEASE – Please Read Disclaimer You may know that NFTs rose to such prominence last year the term was chosen as Collin’s Dictionary Word of the Year. It’s not a new concept, but it is ideally placed to gain momentum as we enter the realm of Web 3.0. Opensea, which has seen over $1B in trading over the past 4 days only has 40k active users! Our token is backed by real digital assets that we pick extremely carefully, we work hand in hand with our community to identify opportunities and reward them for the help,it’s essentially a DAO, or a hive mind, and using its shared resources, its community voice, and singular purpose it’s a chance for anyone to get in on the ground level of this fascinating time in art history.”
Will Raising Interest Rates be Bullish for Bitcoin Price? Popular Crypto Maximalist says Yes!
He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. JPMorgan Chase CEO Jamie Dimon has indicated that the four 0.25 percent key interest rate rises will change the shape of the US economy, as per Walter Bloomberg’s Twitter account. JPMorgan’s Stand on crypto A week before JPMorgan said, bitcoin might increase to $146,000 in the long run as it battles with gold. Dimon, on the other hand, is a firm believer in the blockchain technology that supports digital currencies such as bitcoin. Pompliano points out that if the 10-year Treasury yield and Bitcoin have a positive correlation, such a strategy may potentially be good for Bitcoin.
Bitcoin’s growing correlation with stocks raises risk of contagion across markets, says IMF
The IMF says Bitcoin’s high correlation with stocks means it’s more of a risk asset. Bitcoin has outperformed the S&P 500 since 2017, with little to no correlation to the stock indexes before 2019 when the Covid-19 pandemic hit. Source: IMF blog While the IMF report published on 11 January states that cryptocurrencies “are no longer on the fringe of the financial system,” it takes a negative view of the correlation with stocks. “Spillovers in the reverse direction—that is, from the S&P 500 to Bitcoin—are on average of a similar magnitude, suggesting that sentiment in one market is transmitted to the other in a nontrivial way,” the report added.
Vault Hill Raises $2.1m to Build Its Human-Centric Metaverse Leveraging Urban Planning Principles
By Hellen Advertisement Advertise with us London, United Kingdom – Vault Hill, the first-ever human-centric, blockchain-based metaverse, is excited to announce that it has successfully completed its pre-seed and private funding rounds where it raised $2.1 million to aid the development of the metaverse designed to enhance the human experience. Equally worthy of note is that although the metaverse is not yet up and running, Vault Hill has already secured six partnerships with global brands (especially for digital wearables and for improving health and wellbeing) who will be establishing their virtual office in the metaverse once it launches in Q1 2022. Users who own virtual land in Vault Hill City will have total creative freedom to build anything they can imagine on their land.
Bitcoin Might Reach $75,000 in 2022 on Internal Valuation Models: Swiss Bank CEO
Swiss Bank CEO says internal valuation models see Bitcoin rising to $75,000 in 2022 Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. Asked on what might drive the Bitcoin price up, the SEBA Bank CEO says institutional investors will help to boost the price of Bitcoin in 2022. This bottoming signal has only flashed 5 times before in Bitcoin’s history.” Bitcoin seems to have bottomed out according to market experts, and these are zones where a candlestick with a long tail signals support.
Iran to Allow Digital Currency Payments for International Trade
Iran is notably about to double down on its love for digital currencies as a local media platform, Mehr News reports the country is on track to accept cryptocurrencies for international trade transactions. Per the report, the Central Bank of Iran (CBI), and the ministry of trade have reached an agreement to link the CBI’s payment platform to a trading system in order to permit business settlements through cryptocurrencies. While the acceptance of Bitcoin for transactions does not erase its volatility, the government of El Salvador set up a $150 million BTC Trust that can facilitate the immediate conversion of Bitcoin into USD as a safeguard measure.
The wait is coming to an end: Fed chair promises crypto report release in ‘coming weeks’
The release of the Federal Reserve report touching on digital currency development and crypto regulations has experienced several delays Federal Reserve chair Jerome Powell told the Senate Banking Committee yesterday during his nomination hearing that the much-awaited crypto report is now within weeks of publication despite recent delays. “It’s more going to be an exercise in asking questions and seeking input from the public rather than taking a lot of positions on various issues, although we do take some positions. Further, his comments in July insisting that the report would get released by September preceded a coming “soon” promise he had committed to on a different occasion.
Bitcoin Price Taps $44K as Inflation Comes in at 7% for December
The BTC price is rallying today, following quite a few days in the red. At the time of this writing, BTC sits at $44K, and it’s up 6% in the last 24 hours alone.
Ripple v. SEC Might Be Pushed Back One Month
The notorious case of Ripple against the SEC might get pushed once again due to a new pandemic Ripple’s case against the SEC might be pushed back another month according to Fox Business journalist Eleanor Terrett. The crypto company is accused of illegally selling $1.3 billion worth of XRP tokens, which the SEC considered unregistered securities.
Is It Now Or Never For Ripple In Its Legal Tussle Against The U.S SEC?
He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space. Is It Now Or Never For Ripple In Its Legal Tussle Against The U.S SEC? Ripple’s legal quagmire will now spectate another addition in the next hearing, resulting from the notice served by both plaintiffs, and defendants. The update this time around is the release of NFT-Devnet by the Ripple X team. Attorney’s in behalf of Ripple labs have filed its response to the SEC’s Notice of Supplemental Authority regarding the SEC’s Motion to Strike the Fair Notice Defense. Further citing that the court in the Fife case came to the conclusion that it would not at the pleading stage dismiss the SEC’s pleaded complaint.
UniLend Finance & Mobius Finance Collaborate to Disrupt Money Markets in DeFi
The collaboration of UniLend Finance with Mobius Finance will help the UFT token holders to mint moUSD by using UFT as the collateral. Following are its benefits: Once it gets integrated with Mobius Finance, the systems will enable the traders to trade various assets such as ETFs, stocks, and Forex Markets with zero slippage.
Bitcoin Spiked to 6-Day High Amid $43K: Altcoins in Green Led by Polkadot’s 9% Surge (Market Watch)
Following the most recent price slides and enhanced volatility, bitcoin bounced off yesterday and touched $43,000 for the first time in nearly a week. As of now, the asset stands just shy of $43,000, and its market capitalization has jumped above $800 billion. Alicia Bakery CMO – A really good agency Did you like this market update? Start receiving this recap, for free, every day: Invalid email address Your privacy is guranteed.
Top Parachain Projects To Watch Out For in 2022 on Polkadot Ecosystem
A parachain project is an independent standalone blockchain operational on the Polkadot ecosystem. As a result, biddings are transparent and level playing for all. To participate in the bid, projects must pledge DOT/KSM tokens in a decentralized candle auction vault. Acala The Acala Network is a prime contender on the Polkadot ecosystem. Its native token $ASTR is available on Binance, NEXO, and Bybit.
Top 5 Metaverse Crypto Coins Below $10 to Watch in 2022
Metaverse Crypto coins saw an initial explosion in value in late 2021 as Bitcoin and Ethereum rallied to new all-time highs. WAX makes it easy for users not familiar with the technical aspects of cryptocurrency to start enjoying blockchain-based play-to-earn NFT games. As one of the most popular blockchains for Metaverse crypto coins, WAX’s current market cap of $757 million could easily double or triple in 2022 especially considering projects like Enjin Coin and Theta Network multi-billion dollar valuations. You can purchase WAXP on Binance, KuCoin, Crypto.com, Bittrex, and more. As the name suggests, Decentraland features a decentralized Metaverse world allowing players to explore their vast universe. Players can visit various experiences and purchase their land to customize and monetize. As the ecosystem continues to develop, THETA is worth keeping an eye on in 2022 as its market could potentially build up momentum for a major bull run and peak in Q3 and Q4 of this year. The Sandbox also received much mainstream attention, especially from icons like Snoop Dogg, who announced plans to build the Snoopverse, his very own virtual playground. In addition, SAND is one of the most popular options for any Metaverse portfolio as it has an excellent outlook for 2022. Follow us on Twitter @nulltxnews to stay updated with the latest cryptocurrency news!
Gennix Listed On BitMart, Now Accessible To Over 5.5 Million Traders
Advertisement On January 7, 2022, the Gennix coin was listed on the BitMart Crypto Exchange. This included creating a second liquidity pool to help with adoption and tradeability. “BitMart Exchange is a premier worldwide digital assets trading platform that allows customers to have access to over 200+ trading pairs on BitMart Exchange,” stated Dean Marjanovic, Chief Executive Officer of Gennix Ltd, in response to the company’s recent listing on BitMart Exchange. As a result, Gennix was presented as a “One-Stop-Shop” where customers can freely borrow, lend, stake, swap, and bridge assets on the Gennix platform in a seamless and timely manner.
Now You Can Trade Flick: The Native Token of Flickto has been Officially Listed on ADAX
The blockchain ecosystem is continuously evolving, with diverse innovations emerging and changing life as we know it. Flickto’s operation system empowers creators while building a substantial reward and benefit-driven structure for the user community. As a project, the most recent achievement is the listing of FLICK, the native token of Flickto’s ecosystem on ADAX, a fast-rising centralized exchange.
Bittrex Lists Evident Proof’s EPTT to Start the Year
Popular and regulated cryptocurrency exchange Bittrex just listed EPTT, or Evident Proof Transaction Token, the native to the Evident Proof platform which provides data proof solutions. The solution can also be a boon to users dealing with issues like counterfeiting by enabling a secure way to prove product origin, provenance, and due diligence. The Gibraltar-based firm has co-developed the platform with Microsoft UK. After the listing, the project’s EPTT utility token became available to traders, clients, and potential beneficiaries of Evident Proof’s solutions around the world and around the clock.
Exclusive GamesPad NFTs To Be Listed on OKEx NFT
The exciting release of GamesPad , the ultimate gaming, NFT and metaverse ecosystem, created a growing buzz within the crypto and GameFi communities. The combination of these unique features create a digital asset that is rare, valuable, and will unlock opportunities within GamesPad and into the future of the metaverse.
ADA Rebounds 11% from Key Level as On-Chain Signals Flip Bullish
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. On the schedule of events, this year will see Cardano move first into Basho and then into Voltaire. ADA/USD Daily Chart, Source: TradingView However, the pair’s selling pressure eased and rebounded on the support at $1.070 as dip buyers returned to control the direction. ADA has a live market cap of $41,564,083,476, as seen on CoinMarketCap, and ranks #7.
Extremely Rare Bitcoin Reversal Signal Appears On-Chain
The Entity-Adjusted Dormancy Flow is showing its sixth reversal signal in the history of Bitcoin’s existence Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. The Dormancy Flow metric in a nutshell Dormancy Flow is the ratio of the cryptocurrency market’s capitalization and the annualized dormancy value. Metric’s performance According to the last five signals provided by the metric, the Bitcoin shift took place after a very strong drop in the Dormancy Flow.
Dollar Conviction Better Signaled by EURUSD Windup Than GBPUSD and USDCAD Breaks
As the speculative exclusivity of the top-performing US indices fades, we are moving into Wednesday trade with larger participation in the ‘risk on’ wave but a slowdown in the speed of the top-performing US indices. Instead, it appears that last week’s lack of conviction sparked volatility in the short-term reversal.
Bitcoin gains, but crypto braced for more selling with ‘no time for optimism’ – The Hamden Journal
The new year has not been kind to cryptocurrencies, which rose on Wednesday despite about a week of selling that briefly drove Bitcoin below $40,000. Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images) As bad as the current selloff is, Matt Hougan, CIO of crypto-asset manager Bitwise, still believes the current bear market won’t last as long as previous downturns, based on strong user fundamentals digital coins have developed over the past year. But a Bitwise survey conducted in December found that the percentage of financial advisors allocating accounts to crypto “is up more than 50% and is expected to continue to grow at that pace or faster over the next year,” according to Hougan. Read the latest financial and business news from Yahoo Finance Read the latest cryptocurrency and bitcoin news from Yahoo Finance Follow Yahoo Finance on Twitter, Instagram, YouTube, Facebook, Flipboard, and LinkedIn
Buy high, sell high: Custom pipe-maker to Snoop Dogg and Santana tokenizes bongs
Las Vegas-based glass pipe maker to the stars Jerome Baker Designs will launch a series of bong-related NFTs tied to corresponding physical assets early next month. “As an artist, we need a certificate of authenticity to connect to the art. The NFT acts as a certificate of authentication and the artwork acts as the package.” An early concept behind the NFT collection: Jerome Baker Designs Harris said the five bong NFTs to launch on Super Bowl Sunday will be in line with his Burnt Orange collection, a collection of translucent bright orange glass bongs.
Web3 Inu Introduces System To Rent, Buy, Sell and Upgrade Businesses In An Innovative MetaVerse
Advertisement Web3 Inu team is pleased to announce its innovative concept of Rent-To-Earn Gaming. The developers are constantly working on the game to introduce enhancements. However, the token will launch Ethereum, Matic chain on Phase 3, Cross-Chain Bridge. Advertisement Web3 Inu Features The Web3 Inu game follows a different approach to blockchain-based gaming via the Rent-to-Earn concept of gaming. However, it is also to be noted that if users have rented the NFT (Business) to an off-chain player, they will be eligible for higher rewards. Currently, the off-chain Economy consists of 4 actions: buy, sell, rent, and upgrade. Upgrade When you enter the game, you will be given a Branch for free through which you can rent Businesses based on the amount of money and XP you have. 55% of the supply burn took place while listing on PancakeSwap, a Decentralized Exchange.
TA: Ethereum Rallies Above $3,200 But This Resistance Is The Key
Ethereum started an upside correction above the $3,180 zone against the US Dollar. On the upside, an immediate resistance is near the $3,250 level. It is near the 50% Fib retracement level of the recent increase from the $2,931 swing low to $3,264 high. Major Support Level – $3,190 Major Resistance Level – $3,250
Report: Ronin Sidechain Processed 560% More Total Transactions Than Ethereum Last November
Report: Ronin Sidechain Processed 560% More Total Transactions Than Ethereum Last November The blockchain-powered game Axie Infinity has been a very popular application during the last 12 months, as the game’s NFTs have outpaced every NFT collection today in terms of all-time sales. Study Envisions Other Developers Leveraging Ronin, Nansen Researcher Concludes ‘It’s still early days for Ronin’ The study also delves into the Axie Infinity decentralized exchange (dex) platform called Katana. Lee’s report highlights how the multi-chain layering works and the fact that when it comes to gaming applications specifically, L1 networks cannot adjust beyond their main specialization. “ Lee’s report continues: Despite launching less than one year ago, the Ronin network has proven itself to be a capable scaling solution for gaming. Let us know what you think about this subject in the comments section below. Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Neither the company nor the author is 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 in this article.
Here Are Potential Bottoms for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), And Cardano (ADA)
Bitcoin (BTC), Ethereum (ETH), and two other altcoins are expected to bottom out and revert into bull trends, according to a widely recognized crypto expert. Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. Capo, a pseudonymous analyst, informs his 232,000 Twitter followers about possible bottoms in Bitcoin and Ethereum, as well as smart contract platforms Solana (SOL) and Cardano (ADA). Bitcoin Price started to recover after a close above $41,500 and surged above the $42,500 level. He believes that if ADA can hold the $1.00 level, a rise to $10 is possible this market cycle.
Despite Competition, Ethereum Still Leads The NFT Space
Despite the competition from other major blockchains, Ethereum is still at the forefront of the NFT space. The concept of using blockchain to verify ownership of properties and collectibles was not new prior to the creation of NFTs. In fact, the first NFTs appeared in 2012, with the so-called original NFT collection – Colored Coin – made by Yoni Assia and based on Bitcoin. And they are not just some NFT marketplaces, they are giants including OpenSea, Rarible, and Mintable now hosted on the Ethereum blockchain. The pressure to complete the Ethereum 2.0 project is in demand as gas fees for NFTs and other transactions make the Ethereum ecosystem ridiculously expensive for most individuals. Anything Can Be Replaced Ethereum still sits on the throne but its competitors are gaining ground quickly. As reported by CryptoSlam in November 2021, although Solana arrived late in the NFT race, the blockchain NFT secondary sales raised around $497.7 million in total from approximately 348,000 transactions.
Hong Kong Monetary Authority aims to oversee stablecoin reserves
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), wants to supervise stablecoin issuance and reserves management. HKMA published a discussion paper on Jan. 12 regarding cryptocurrencies and stablecoins, in which it provided its views on how the industry should be regulated in Hong Kong. Related: Hong Kong-based Coinsuper allegedly blocks customers’ withdrawals HKMA is not the only financial regulator concerned about stablecoin risks and planning steps to regulate the growing industry.
US Fed Reserve chair Jerome Powell changes his stance on stablecoins
The chair of the US Federal Reserve, Jerome Powell, has shared several sentiments regarding the crypto space, hinting that a clear crypto regulatory framework for the US could soon be unveiled. Stablecoins and CBDCs could co-exist Stablecoins have been a heated debate in the US for a while now, with various government agencies and politicians stating that these coins posed a risk to financial stability. However, it now seems like Powell has rescinded his harsh stance on these currencies. Nevertheless, the release of a US CBDC could pose a threat to the existence of such coins.
Export Expansion Programme, Crypto & AFEX Commodities Update |Business Morning|
Bitcoin Short-Term Update: BTC Price Poised to Hit $48,000 Soon, Here’s When !
Bitcoin is yet again attempting to recover form the losses as it halted the downtrend and consolidating preventing further dump The BTC price after the past two consolidations chose to trend towards the south and hence the current consolidation is expected to manifest a reverse trend A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. However, the bears may be in deep fight with the bulls at $43,000 levels and the mounted volume may decide the further trend.
Will This Avalanche Update Take AVAX Price To $150 By The End Of The Month?
The briskness of the Avalanche protocol spectates the protocol sprawling towards the diversity of the industry. Will This Avalanche Update Take AVAX Price To $150 By The End Of The Month? On the other hand, the swift protocol has been sprawling to diverse sectors of the industry. Rushing down the memory lane, Subnets enables users to build their own blockchain as a service. While the second one is the set of validators, Validators play a vital role in consensus and maintaining the network. Off-late, DEXs have forayed into the game, Pangolin, an Avalanche-based DEX, had recently announced an alliance with the largest NFT marketplace on Avalanche.
Owner of Russian bank Tinkoff acquires Swiss digital asset firm
TCS Group, the owner of the major private Russian bank Tinkoff, is gaining exposure to digital assets. Given that Aximetria’s total share capital was about 535,000 francs ($578,000), the publication reported TCS’ stake to be around 83.2%. Source: Aximetria Amid skyrocketing demand for crypto investments, Tinkoff has been struggling to offer crypto investment services in Russia as the Bank of Russia reportedly stopped the company from launching its own suite of related services.
IMF: Bitcoin matured to ‘an integral part of digital asset revolution’
Crypto is no longer an obscure asset class within the financial ecosystem, but a growing correlation with the stock market undercuts the “investment hedge” role of Bitcoin (BTC) and other cryptocurrencies, according to a new International Monetary Fund (IMF) research. But this changed after the extraordinary central bank crisis responses of early 2020,” the authors wrote, adding that crypto and stocks surged hand in hand as investors’ risk appetite grew. 60-day correlation coefficient between Bitcoin and S&P 500 index. Noting that crypto assets are no longer on the fringe of the financial system, the authors summarized: “Given their relatively high volatility and valuations, their increased co-movement could soon pose risks to financial stability especially in countries with widespread crypto adoption.”
IMF notes that crypto evolution is heightening financial stability worries
The monetary authority is proposing a global regulatory framework to alleviate the financial stability risks posed by crypto and its assurgent adoption In a blog post published on Tuesday, the International Monetary Fund (IMF) penned that as crypto markets are growing, there is an equivalent increase in the correlation between cryptocurrencies and the financial markets. The correlation coefficient of their daily moves was just 0.01, but that measure jumped to 0.36 for 2020–21 as the assets moved more in lockstep, rising together, or falling together,” the post read. The monetary body explained that the spill overs between crypto and equity markets were primarily due to instances of market volatility or heavy sways in the price of Bitcoin. Regulations to curb the systemic threats The post also pointed to a previously released proposed framework providing guidelines on how global cryptocurrency regulations could be implemented.
IMF Finally Admits Bitcoin Has Evolved Into An Integral Part Of The Digital Asset Revolution, But Highlights New Risks
Advertisement The International Monetary Fund thinks Bitcoin and cryptocurrencies have come to the fore of financial markets. Despite being an integral part of the revolution, the fund highlights key risks that the asset class poses to the economy. The IMF has been highly critical of El Salvador’s Bitcoin adoption over the last few months. According to the IMF, the impressive growth of cryptocurrencies has come with the unintended consequences of a “contagion across financial markets”. However, after the response to the central bank crisis in 2020, stocks and cryptocurrencies now appear to move in sync The IMF report goes on to cite the movement of the S&P 500 and the metrics from emerging economies before arriving at this conclusion. “
The Play2Earn Revolution: Introducing Drunk Robots
With Play2Earn games let you earn real-world reward just by playing . Plus, you own any NFT assets related to the game of your choice, so you can always sell or trade those to “cash out” if you decided to quit playing a certain game, or if you just enjoy collecting, leveling up, and trading NFTs. After purchasing a unique robot NFT (there are 10101 Drunk Robots NFTs in total), players will have to fight for survival as they attempt to seize control of Los Machines. And for those who are wisely concerned with safety and efficiency, Drunk Robots is built on the immensely popular Binance Smart Chain, which facilitates easy and secure transactions at a minimal cost. As we pass through the crossroads of the gaming revolution, ask yourself if you still believe in the old ways. Please note that this article does not constitute investment advice.
Cash App is bringing the Bitcoin Lightning Network to its 36 million users
But the mobile payment provider is set to roll out the Lightning Network to its millions of users. In fairness, $1.79 is relatively low compared to April 2021 highs, when it cost on average $62.78 to transact. Nonetheless, anything above a few cents to transact is unworkable as a mass-adopted payment solution. Once the channel is established, an unlimited number of transactions can go through the channel instantly. Fees derive from a combination of routing charges for routing payment information between Lightning Nodes and Bitcoin’s transaction fees to open and close channels. Head of Growth at OpenNode, Julie Landrum, said the deal opens instant Bitcoin transactions to millions in the Latin America region.
A Step Towards DeFi 3.0: A Sneak Peek of Alf Protocol’s User-friendly Interface
Alf Protocol platform’s launch will offer a bug-free, and frictionless. As a result, Alf Protocol’s development team is working hard to ensure that its platform’s launch provides clients with a bug-free, frictionless, and efficient protocol with a user-friendly interface. The Farming Panel The farming panel will give users access to leveraged and non-leveraged farming alternatives, providing an easy way for farming options on the given pair with detailed balance information and expected APY. Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora.
Norton Antivirus Accused Of Installing Crypto Mining Software On Computers Without Users’ Knowledge
In early January 2022, several tweets went viral after they criticized Norton antivirus for installing crypto mining software on users’ devices. It led to backlash and raised a storm on the social networking sites. In the updated section, Norton makes it clear that the software only runs on devices that meet system requirements. Besides that, users have to manually toggle the Norton Crypto software to begin mining crypto on their devices. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal, or accounting advice.