Two days ago on December 2, the Ross Ulbricht Genesis Collection auction of non-fungible token (NFT) assets kicked off at Art Basel Miami via the Superrare platform. The Ulbricht NFT collection auction ends on December 8, and so far the auction has seen a bid of 666 ether or roughly $2.6 million. Additionally the project …
Monthly archives: December 2021
OVR and the Results of the Token Burning Program’s First Month
sponsored OVR launched its new Token Burning Program on 1 November to make its own tokens more rare and valuable. The results of this first month of November saw a total of 246 thousand OVR burned. OVR and the Numbers From the Token Burning Program’s First Month OVR’s updated token economics started on November 1, …
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Tether Whales Move Over $533,000,000 in USDT Amid Broad Digital Asset Market Correction – Here’s Where the Crypto Is Going
A severe market correction coincided with a surge in activity from crypto whales, who moved over half a billion dollars worth of stablecoins in a matter of hours, according to a whale-watching bot. As Bitcoin started to breach the $50,000 level at around 01:30: UTC on Saturday, hundreds of millions of dollars in crypto began …
It’s time for the philanthropic sector to embrace digital currencies
The amount of cryptocurrencies on the market has skyrocketed from 500 in 2014 to nearly 7,000 only seven years later in October 2021. A reported 14% of people in the United States — which roughly equals 21.2 million people — have purchased some form of cryptocurrency, with more than 300 million crypto owners estimated worldwide. …
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Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit
Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains. The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain. Further investigation …
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Russia, Ukraine Shut Down Several Cryptocurrency Farms
Authorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities, Kyiv and Moscow, as well as in the Russian republic of Dagestan. Russia Busts Illegal Mining Farms in Moscow Region and Dagestan Russian law enforcement …
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Berkshire’s Charlie Munger Praises China for Banning Crypto — Wishes Crypto Had Never Been Invented
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, says China did the right thing to “ban” cryptocurrencies, including bitcoin. He wishes that cryptocurrencies had never been invented, emphasizing that he will not participate in the crypto boom. He considers “this era even crazier than the dot-com era.” Warren Buffett’s Right Hand Man, Charlie …
Floki Inu integrates Chainlink price feeds to venture into DeFi
Floki Inu has become one of the most popular meme tokens in the market because of its development team’s efforts. After strong marketing tactics that have soared the token’s popularity in the market, Floki Inu is now looking towards decentralized finance (DeFi). Floki Inu is a mimic of Dogecoin and the Shiba Inu cryptocurrency. It …
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Investors using Ethereum as a safe haven against Bitcoin’s crash
Bitcoin was expected to finish this year at highs of around $100K. While it showed promise of achieving these highs last month after clinching a record high of $69K, the $100K prediction now seems less likely, with the primary cryptocurrency falling to $48K. However, the crash of Bitcoin could be good news for Ethereum supporters …
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Fantom Price at $1.65 after 19% dips – How to buy FTM
The Fantom network has been making notable gains lately because of its use cases in the decentralized finance sector (DeFi). However, the FTM token is still subject to volatility that plagues the crypto market every now and then. The crypto market is currently on a steep bearish trend, and the FTM token is on the …
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Goldman Sachs considering offering Bitcoin-backed loans
2021 was when Bitcoin recorded the most gains in terms of adoption. The primary cryptocurrency has evolved from being used solely for speculative purposes, and it has found its way into the funds of major institutional players. Despite the volatility that Bitcoin’s price undergoes, some Wall Street banks have announced plans to consider the use …
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Lightning Speed: Eight Mind-blowing Facts About The Lightning Network
Welcome to “Lightning Speed,” a new section in which NewsBTC will explore the possibilities that Bitcoin’s Lightning Network opens. In this first edition, we will focus on Peter St Onge’s “The Lightning Network is About to Change the World” article. According to his bio, the academic “holds a Ph.D. in Economics from George Mason University, …
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Cardano Project Flickto Surpasses 1.5 Million ADA Staked One Month After Launch
Flickto has seen tremendous success since its first launch on Nov 1st. The number of delegates on the platform has grown rapidly, as has the volume of ADA staked. Less than one month after launch, more than 1.5 ADA has been staked on its ISPO delegator pool. The project is revolutionizing the way that media …
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Jack Dorsey steps down from Twitter, MicroStrategy snaps up 7K BTC and Square rebrands to Block: Hodler’s Digest, Nov. 28-Dec. 4
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Jack Dorsey has stepped down as Twitter CEO Twitter co-founder …
Crypto Analyst Michaël van de Poppe Details Path Ahead for Polygon, Harmony and VeChain
Cryptocurrency analyst and trader Michaël van de Poppe is looking at three altcoins and outlining the path forward after the recent market correction. Starting with Polygon (MATIC), Van de Poppe tells his 150,000 YouTube subscribers that the Ethereum (ETH) scaling solution could potentially hit a new high of $2.70. “…Overall we are making higher lows. …