US banking giant JPMorgan is calling leading smart contract pltform Ethereum (ETH) a better bet than Bitcoin (BTC) this market cycle. Business Insider reports that analysts from JPMorgan say the Federal Reserve’s plans to raise interest rates could pose a big problem for Bitcoin. On Thursday, the Bank of England said that interest rates would …
Monthly archives: November 2021
The Metaverse: Will it be a decentralized haven or a centralized tyranny?
Last week, Facebook rebranded to Meta and announced its plans to kickstart the development of the Metaverse — an entirely new way of interacting and navigating the internet. Now, the Metaverse landscape has a multi-billion dollar corporate behemoth vying for the helm, which has made its future all the more uncertain. Whether we like it …
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Crypto Exchange Binance Launches Support for Altcoin DeFi Project, Triggering Volatile Price Movements
An altcoin designed for decentralized finance (DeFi) surged 56% to a new all-time high after it launched on popular crypto exchange platform Binance. Binance says it is launching support for Rari Governance Token (RGT), the Ethereum-based governance token of Rari Capital, a DeFi platform allowing participants to borrow, lend and earn yields on cryptocurrencies. RGT’s …
Reddit to reportedly tokenize karma points and onboard 500M new users
American social media giant Reddit may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer. A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. As Cointelegraph reported …
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Why some strategists say Solana could reach $5,000 in 2030
Finder, a product comparison website, has published a survey on what it thinks the value of Solana will be by 2025 and 2030. According to the survey, the value of the “Ethereum killer” would rise to $1,100 and above $5000 respectively. Solana’s Price in 2021 The survey, which had 50 crypto experts from fintech and …
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Digital Asset Manager Bakkt Reveals Plans to Provide Ethereum Services
On November 5, Bakkt Holdings announced that the firm will soon let customers buy, sell, and store ethereum after offering bitcoin only since the company’s launch. The firm notes that adding ethereum comes at a time when digital currency interest and adoption continue to see significant growth. Bakkt Announces Ethereum Support Bakkt (NYSE: BKKT) has …
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Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked
While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDC’s Chaotic Start This assertion as well as the e-naira app’s brief removal from Google Play Store appears to …
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Mythical Games Raises $150 Million in Series C Funding Round Led by A16z
Mythical Games, a blockchain-based gaming company, has raised $150 million in its series C funding round. The round was led by A16z, who is aggressively investing in these kinds of crypto initiatives. It also had the participation of other companies like D1 Capital, Redbird Capital, The Raine Group, as well as from well known cryptocurrency …
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Dogecoin and Shiba Inu Competitor Explodes 119% in Just Seven Days, Nears $1,000,000,000 Market Cap
An altcoin competing against Dogecoin (DOGE) and Shiba Inu (SHIB) just skyrocketed 119% in one week as meme token mania rages through the crypto space. The project Dogelon Mars (ELON) is a meme coin inspired by Dogecoin and appears to be derived from Elon Musk’s ambitions to bring humans to Mars. When the token first …
This Ethereum Competitor Is Gearing Up for Major Rally, According to Coin Bureau
The pseudonymous host of crypto outlet Coin Bureau says the strong fundamentals of one mid-cap Ethereum competitor could send it on another major rally. In a new video, the analyst known as Guy tells his 1.55 million YouTube subscribers that FTM, the native asset for the smart contract platform Fantom, still “has a lot more …
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An inside look at the moral and technical considerations of crypto social media
Following Vitalik Buterin’s call for more social application use cases on Ethereum earlier this summer, multiple crypto companies voiced intentions to build decentralized versions of mainstream social networks like Twitter. However, to create and view crypto-centered social platforms as merely decentralized versions of Twitter is shortsighted. The moral and technical implications of creating truly decentralized …
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Solana Becoming Top Threat To Ethereum But ETH Is Still King
For a long time, Ethereum was considered the king of smart-contract-integrated platforms. But we know that nothing lasts forever, change is part of the market nature. The financial world is always changing, in which the cryptocurrency market is in flux. As Ethereum started to show major issues with the current system, many crypto enthusiasts have …
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Fintech Experts Bullish on Ethereum As the Prospect of a Flippening Grows
HodlX Guest Post Submit Your Post It has long played second fiddle to its popular older brother Bitcoin – but there are plenty of reasons to be excited about the future for Ethereum. With experts across the fintech landscape expecting big things from the cryptocurrency in the coming months and years, could ETH finally turn the …
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House passes $1T infrastructure bill with crypto tax for Biden’s approval
The United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which if signed into law by President Joe Biden, would enforce new provisions in relation to crypto-tax reporting for all citizens. The infrastructure bill was first proposed by the Biden administration aimed at primarily improving the national transport network and internet coverage. …
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American payments firm Square logs over $1 billion in Bitcoin revenue
Jack Dorsey’s Square in its recent quarterly earnings report has revealed that the firm made $1.8 billion in Bitcoin revenue and $42 million in profits. Square’s Bitcoin quarterly revenue dips for the second time this year According to the report, the $1.8 billion Bitcoin revenue the company made within the last quarter is an 11% …
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