The US is looking towards establishing a strict framework that will prevent the use of cryptocurrencies for illegal activities. The recent initiative by the Biden administration towards making this possible is the launch of a five-pillar strategy. This strategy will be used to deal with corruption in the US and to promote national security. The …
Monthly archives: December 2021
Third-largest Bitcoin whale buys additional 2700 coins at $50K
The third-largest Bitcoin wallet address has just bought an additional 2700 coins during the recent market dips. The whale bought the additional coins as the primary cryptocurrency started slightly recovering, moving from $47K to around $51K. The mysterious whale has been on a buying spree since Bitcoin started taking major price dips. Over the past …
Continue reading “Third-largest Bitcoin whale buys additional 2700 coins at $50K”
Grayscale states 5% of Americans own crypto amidst rising inflation
A recent survey from Grayscale has revealed that one in every four American investors hold Bitcoin. The survey further shows that 55% of the American investors who hold Bitcoin made their purchase in the last year. The data collected by the largest digital asset manager globally proves that the US is becoming a major hub. …
Continue reading “Grayscale states 5% of Americans own crypto amidst rising inflation”
Best 10 NFT Wallets Ever: A Complete List
What are NFT wallets, and what’s the big deal about them? NFTs are creating a lot of buzz in the digital investment market, and so are NFT wallets. Non-fungible tokens are indeed excellent tools for tokenizing physical-world and digital assets with a greater level of value assurance. NFTs are stored in a digital ledger in …
Continue reading “Best 10 NFT Wallets Ever: A Complete List”
DAY LONG NEWS ROUNDUP: LATEST NEWS 07/12/21
Feeling confused about your future move in the fast-developing crypto world? Have no worries!!! We are here to rescue you from this crisis as we present to you some of the latest news content from the crypto industry for your reference, take a look: Projects are collecting Toys for Tots crypto donations this holiday season …
Continue reading “DAY LONG NEWS ROUNDUP: LATEST NEWS 07/12/21”
Ethereum Competitor Skyrockets Over 11,956% This Year, Enters Top 10 Crypto Assets by Market Cap
An Ethereum (ETH) rival is making a big splash after printing massive gains this year and cracking the list of the ten largest crypto assets by market cap. Terra (LUNA) is a network of several fiat-pegged stablecoins used for e-commerce payments and decentralized finance (DeFi) services. The network’s reserve currency LUNA underpins the price of the …
Bitwise CIO ‘not so sure’ about Bitcoin hitting $100K in 2021
As 2022 draws closer, some cryptocurrency investment experts are doubtful about whether Bitcoin (BTC) has enough time to hit $100,000 in 2021. Following a major flash crash in the cryptocurrency market, Bitcoin is unlikely to break new all-time highs in the next three weeks and go all the way up to $100,000, according to Bitwise …
Continue reading “Bitwise CIO ‘not so sure’ about Bitcoin hitting $100K in 2021”
Third-biggest Bitcoin whale’s holdings total $6B after ‘whopping’ 2.7K BTC buy-in
Bitcoin (BTC) returning to $50,000 overnight inspired one of the largest wallets to buy the equivalent of $137 million more. Blockchain data from on-chain monitoring resource BitInfoCharts highlights how one entity “bought the dip” like no other. Someone “buys the dip” to the tune of $137 million After buying frequently since BTC/USD hit $69,000 all-time highs …
Continue reading “Third-biggest Bitcoin whale’s holdings total $6B after ‘whopping’ 2.7K BTC buy-in”
Nasdaq Stockholm lists Bitcoin and Ether exchange-traded notes
Nasdaq Stockholm has announced that 21Shares has listed its first two physically backed exchange-traded notes (ETN) on the Swedish trading platform. The two instruments listed, with Bitcoin (BTC) and Ether (ETH) as underlying assets, represent a new segment for ETNs — a type of unsecured debt security that tracks an underlying index of equities and trades …
Continue reading “Nasdaq Stockholm lists Bitcoin and Ether exchange-traded notes”
Man who claims to have invented Bitcoin wins U.S. trial, gets to keep Bitcoin worth $50B
Craig Wright, an Australian computer scientist who gained mainstream exposure by claiming to have invented Bitcoin has just won a major court case that allows him to keep BTC worth $50 billion. The jurors of Miami have ruled in favor of Wright, saving him from paying his former business partner half of the Bitcoin stash …
Bitcoin enters December shaken and scarred by extreme volatility
The extreme volatility the crypto industry experienced at the end of November was further exacerbated by massive liquidations in the futures market. According to data from Glassnode, Bitcoin plummetted from its high of $59,000 to a low of $45,000 during the weekend, putting the market down by as much as 35% from the all-time highs …
Continue reading “Bitcoin enters December shaken and scarred by extreme volatility”
3 important factors driving Avalanche’s 504% growth
Since the previous article on Avalanche in September—”Avalanche Gains Momentum as Blockchains Battle Breaking Out” by Footprint — Avalanche’s TVL has risen from $2.3 billion to $13.9 billion. Footprint Analytics: Avalanche TVL 1. Sustained ecosystem support The Avalanche Foundation launched Avalanche Rush on August 18, a $180 million liquidity mining incentive program that drove Avalanche’s …
Continue reading “3 important factors driving Avalanche’s 504% growth”
Binance plans to launch in the U.K. and prepares for seeking FCA approval
Binance founder and CEO, Changpeng Zhao, recently revealed that the crypto exchange aims to become a registered service provider in the UK in six to 18 months, reported The Telegraph. Roughly six months after the Financial Conduct Authority (FCA) warned that Binance is operating in the UK without permission, the cryptocurrency exchange revealed plans to build …
Continue reading “Binance plans to launch in the U.K. and prepares for seeking FCA approval”
Huobi Research Report ‘Taper Landed’ Paints Bleak Picture for Cryptocurrency Assets
A report issued by the Huobi Research Institute, the investigative arm of the Asian exchange, examines the effect that upcoming changes of U.S. Federal Reserve policy could have on the price of cryptocurrencies. The report, titled “Taper Landed: The Turning Point of The Cryptocurrency Market is Coming,” states that due to the upcoming tapering, the …
Binance Smart Chain Partners With Animoca Brands in $200 Million Crypto Gaming Incubation Fund
Binance Smart Chain, one of the leading smart contract platforms in the blockchain market, has partnered with Animoca Brands, operator and investor of several NFT based games, to launch a joint $200 million gamefi (financialization of gaming) incubation program. The two institutions will invest $100 million each to fund and ease the development of new …