A growing number of fund managers and institutional investors now prefer bitcoin over gold. They see the cryptocurrency as a better store of value and a better inflation hedge. “I think it’s probably going to be ten times better than gold over a long period of time,” said the founder of one asset management firm. …
Monthly archives: November 2021
DigitalArt4Climate announce competition winners at COP26
A panel of thought leaders and blockchain visionaries from around the globe converged in Glasgow, Scotland on Nov. 11 for the United Nations Climate Change Conference (COP26) summit to announce the finalists and winners of an illustrious display of artistic entries to the DigitalArt4Climate competition. DigitalArt4Climate is a multi-faceted crypto climate initiative, organized by IAAI …
Continue reading “DigitalArt4Climate announce competition winners at COP26”
Ethereum ‘huge Cup & Handle pattern’ reaffirms $6.5K ETH price target
Ethereum’s native asset, Ether (ETH), may rebound by nearly 60% in the coming sessions as bulls pin their hopes on a classic bullish continuation pattern. Prices may rise to or above $6,500 from their current levels near $4,100 after completing a cup-and-handle formation, hinted Matthew Hyland, an independent on-chain analyst, in a tweet published Monday. A perfect …
Continue reading “Ethereum ‘huge Cup & Handle pattern’ reaffirms $6.5K ETH price target”
Crypto can erode tax base, Russia’s tax boss says
The Russian Federal Taxation Service (FTS) is actively monitoring the cryptocurrency market to prevent tax evasion, FTS head Daniil Egorov said. Cryptocurrencies can potentially cause “significant erosion” to Russia’s tax base, Egorov argued in a Monday interview with the local publication RBC. But cryptocurrency transactions are still traceable and should be reported, the official said, …
Continue reading “Crypto can erode tax base, Russia’s tax boss says”
DigitalArt4Climate announce competition winners at COP26
A panel of thought leaders and blockchain visionaries from around the globe converged in Glasgow, Scotland on Nov. 11 for the United Nations Climate Change Conference (COP26) summit to announce the finalists and winners of an illustrious display of artistic entries to the DigitalArt4Climate competition. DigitalArt4Climate is a multi-faceted crypto climate initiative, organized by IAAI …
Continue reading “DigitalArt4Climate announce competition winners at COP26”
$60K becomes resistance — 5 things to watch in Bitcoin this week
Bitcoin (BTC) begins a new week with a rare disappointment for its Q4 bull run — failing to crack previous support. After a promising weekend, BTC/USD ultimately saw rejection at $60,000 twice and has since headed below $57,000 as market momentum wanes. The stakes are high: Some believe that sky-high Bitcoin price targets can still …
Continue reading “$60K becomes resistance — 5 things to watch in Bitcoin this week”
Meet Web3.0: The New Internet, Blockchain Edition?
Web3 (also known as Web 3.0) is the idea of a version of the Internet that is decentralized and based on public blockchains. The concept has gained immense popularity in 2020 and 2021, with interest from cryptocurrency enthusiasts and investments from high-profile technologists and companies. Now we get to see how things unfold, and what …
Continue reading “Meet Web3.0: The New Internet, Blockchain Edition?”
Capital Efficiency Using Arbitrary Curves On Solana’s ALFPROTOCOL
An Innovation Offered By Alfprotocol, Making Full Use Of Bonding Curves Alfprotocol is a Solana protocol for the capital deployment of liquidity provision and yield farming, with and without leverage. The protocol includes implementing an invariant-based Automated Market Maker protocol and a money market for short-term loans for exchange activities. The Solana ecosystem’s most important …
Continue reading “Capital Efficiency Using Arbitrary Curves On Solana’s ALFPROTOCOL”
IRS Expects to Seize Billions of Dollars in Cryptocurrency Next Year — More Than $3.5 Billion in Crypto Seized This Year
The Internal Revenue Service (IRS) has revealed that $3.5 billion in crypto was seized during the fiscal year 2021. This represents 93% of all funds seized by its criminal investigation unit during the same time period. The agency expects to seize billions of dollars more in cryptocurrency next year. IRS Says It Could Seize Even …
Investing in NASDEX (NSDX): Everything You Need to Know
The Asian stock market is one of the biggest in the world, creating billions of dollars in wealth for those who understand how the system operates. Users no longer need to trust third parties or get blocked based on jurisdiction, as there is finally a one-size-fits-all solution for everyone’s needs. NASDEX, the premiere decentralized cryptocurrency …
Continue reading “Investing in NASDEX (NSDX): Everything You Need to Know”
Three Arrows Capital CEO backtracks on Ethereum abandonment comments
CEO and founder of hedge fund Three Arrows Capital (3AC) Zhu Su tweeted that he has “abandoned Ethereum despite supporting it in the past,” before making a U-turn on the statement. In the Nov. 21 thread, Su claimed that Ethereum culture “suffers massively from the Founders’ Dilemma,” and that “everyone is already far too rich …
Continue reading “Three Arrows Capital CEO backtracks on Ethereum abandonment comments”
Bitcoin (BTC) Price Prediction: Bitcoin Hovers above $55.6k as Bitcoin Looks Oversold
BTC/USD Makes Gradual Decline as Bitcoin Looks Oversold -November 22, 2021 BTC/USD is still in a downward correction as Bitcoin looks oversold. Bitcoin bulls were repelled after two attempts to break above the $60,000 price level. Bitcoin is falling again as price resumes fluctuation between $55,560 and $60,000. Sellers may want to push the crypto …
Crypto FOMO: Australia’s Largest Bank Sees ‘Bigger Risks in Not Participating’ in Crypto
The CEO of Commonwealth Bank of Australia (CBA), the country’s largest bank, sees big risks in not participating in cryptocurrency. “We see risks in participating, but we see bigger risks in not participating,” he explained. Crypto FOMO, Banks Need to Get Involved, Says CEO of Commonwealth Bank Commonwealth Bank of Australia CEO Matt Comyn talked …
TA: Ethereum Trims Gains, Why This Level Is The Key For Fresh Increase
Ethereum failed to clear $4,400 and started a fresh decline against the US Dollar. ETH must stay above $4,120 to start a fresh increase in the near term. Ethereum started a fresh decline from the $4,440 resistance zone. The price is now trading below $4,250 and the 100 hourly simple moving average. There was a …
Continue reading “TA: Ethereum Trims Gains, Why This Level Is The Key For Fresh Increase”
Ethereum layer two TVL reaches all-time high
The total value locked (TVL) on Ethereum layer two (L2) networks has surged to a new peak as gas fees continue to steadily rise driving further adoption. Layer 2 analytics platform L2beat currently reports that the total amount of value locked across various L2 protocols and networks has reached an all-time high of $5.64 billion. …
Continue reading “Ethereum layer two TVL reaches all-time high”