A crypto whale known for its Ethereum (ETH) holdings is making a splash by buying big into six different altcoins. The transaction tracker WhaleStats tweeted out that a whale known as “Light” just bought over $11 million of Wrapped BTC (WBTC), which is an Ethereum token designed to maintain a constant peg to the price …
Monthly archives: November 2021
Bitcoin Still Hasn’t Seen Big ‘Crescendo’ Bull Market Top, According to Crypto Veteran Bobby Lee
Crypto veteran Bobby Lee thinks Bitcoin (BTC) still has a long way to go before reaching a peak this cycle, even after tumbling sharply from its new all-time high above $69,000 earlier this month. In a new CNBC interview, the former CEO of China’s biggest crypto exchange BTCC says he’s eyeing the next few months …
Altcoin Project Built on Ethereum Jumps After Earning Support From Crypto Exchange Binance
A decentralized finance (DeFi) protocol built on Ethereum is getting a boost from the world’s largest crypto exchange by trading volume. In a new announcement, Binance reveals it is introducing Alchemix (ALCX) for trading on the popular platform. “Fellow Binancians, Binance will list Alchemix (ALCX) and will open trading for ALCX/BTC, ALCX/BUSD, and ALCX/USDT trading pairs …
Bitcoin Surpasses PayPal in Transaction Volume, Could Overtake Mastercard in Five Years: Blockchain Intelligence Firm Blockdata
More volumes are being transacted on the Bitcoin (BTC) network than on the payments platform PayPal, according to blockchain intelligence company Blockdata. Blockdata says that on average, the Bitcoin network transacted $187 billion more than PayPal per quarter this year. Even so, Bitcoin’s current transaction volume per quarter, which is worth $489 billion. is currently …
$3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal
In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced it would merge with Cincinnati-based Bitcoin (BTC) miner Griid at a $3.3 billion enterprise valuation. SPACs are blank check companies created for the sole purpose of acquiring other firms. After the …
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UAE issues first NFT stamps in the Middle East
The United Arab Emirates’ postal operator is issuing nonfungible token (NFT) stamps to commemorate the federation’s 50th National Day, offering further evidence that digital collectibles are gaining mainstream appeal globally. Emirates Post Group, or EPG for short, announced this week that it has become the first postal organization in the Middle East and North Africa …
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Bitcoin, stocks and commodities correct after Fed chair mentions policy change
Global financial market took a hit on Nov. 30 after comments from U.S. Federal Reserve Chair Jerome Powell hinted that inflation and the Omicron COVID-19 variant are growing threats and that the bank’s easy money policies could end sooner than anticipated. Prior to Powell’s comments, Bitcoin (BTC) had been on the rise and the digital …
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ENS DAO delegates offer perspective on DAO governance and decentralized identity
Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community. Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and …
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Solv Raises Over $4 Million in Series A Round To Bring Voucher Finance to DeFi
November 30, 2021 – The Republic of Singapore, Singapore Solv Protocol is pleased to announce the completion of the Series A round led by preeminent venture investors Blockchain Capital, Sfermion and gumi Cryptos Capital. Solv Protocol recently announced $4 million raised in Series A round from leading venture investors including Blockchain Capital, Sfermion, and gumi …
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Top On-Chain Analyst Says Strong Hands Scooping Up Bitcoin in Face of Price Weakness
Bitcoin (BTC) is moving into the hands of long-term holders amid its weak price action, according to an on-chain analyst at the crypto analytics firm Glassnode. The pseudonymous analyst TXMC tells his 29,200 Twitter followers that BTC’s illiquid supply, the Bitcoin held by “strong-handed HODLers,” is rising even as the largest crypto asset by market …
BlockchainSpace Lands $2.4 Million in Strategic Funding to Onboard 20,000 New Guilds in the P2E Metaverse
November 30, 2021 – Singapore, Singapore BlockchainSpace, a guild hub for play-to-earn (P2E) communities, announced a $2.4 million strategic funding round today. Coming hot on the heels of last month’s seed round, the funds will be used to onboard the next 20,000 guilds worldwide and accelerate growth in the rapidly expanding NFT gaming industry. Morningstar Ventures …
Colony Raises $18.5 Million To Fuel Next-Generation Applications in the Avalanche Ecosystem
November 30, 2021 – Paris, France Colony, a community-driven accelerator evolving into a decentralized autonomous organization that’s aiming to generate rapid growth in the Avalanche ecosystem, announced it has raised $18.5 million in seed funding. The round was led by the Avalanche Foundation and saw participation from Shima Capital, Hashkey, GBV Capital and Bixin Ventures. …
Solana price eyes $300 as Grayscale launches SOL-backed trust
Solana (SOL) held onto its intraday gains on Nov. 30 as Grayscale Investments, the largest cryptocurrency fund in the world, announced that it would add SOL to its product line. The digital asset class is growing, and we’re expanding our offerings along with it! Gain exposure to $SOL, the native token of the @Solana network, …
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Coinbase will establish presence in Israel through purchase of Unbound Security
Cryptocurrency exchange Coinbase will acquire cryptographic security company Unbound Security in a move that will also have the U.S. company launch a research facility in Israel. In a Tuesday blog post, Coinbase said it would be purchasing Unbound to gain access to its cryptographic security experts as well as establish a presence in Israel. The …
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Vladimir Putin says cryptocurrencies ‘bear high risks’
On Tuesday, Vladimir Putin, President of the Russian Federation, voiced his criticism at the “Russian Calling” investment forum in Moscow. According to local news outlet lenta.ru, the president made the following remarks, as translated by Cointelegraph: “It is not backed by anything, [and] the volatility is colossal, so the risks are very high. We also …
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