Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be used to cash out crypto investments, send or receive stable money abroad, and to pay for everyday consumer transactions without fear of fluctuation. A recent estimate from the Bank for International …
Yearly archives: 2021
US is ‘unquestionably’ behind the curve on crypto ETFs, says Brian Brooks
Bitfury CEO and former Acting Comptroller of the Currency Brian Brooks has hinted the regulatory environment in the United States could drive many crypto firms outside the country, and has already stymied companies attempting to offer a variety of financial products. Speaking at a Wednesday hearing on Digital Assets and the Future of Finance with …
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Discussion on crypto and major tech firms combine in hearing over decentralization of digital ecosystem
Blaine Luetkemeyer, a House representative from Missouri, revisited the issue of major companies exerting control over vast swaths of the internet, something he expressed concerns about encroaching in the crypto space. Speaking at a Wednesday hearing on digital assets with The House Committee on Financial Services, Luetkemeyer addressed Bitfury CEO and former acting Comptroller of …
Bitcoin Price Prediction: BTC/USD Price Still Consolidating Around $50,500
Bitcoin Price Prediction – December 8 The Bitcoin price prediction continues sideways movement currently at $50,608 after another significant rejection from $51,250. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $56,000, $58,000, $60,000 Support Levels: $44,000, $42,000, $40,000 BTCUSD – Daily Chart Buy Bitcoin Now Looking at the daily chart, after serious downtrend, …
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DeFi and CeFi Full Aggregator OpenOcean Aggregates Arbitrum To Expand Its One-Stop Trading Solution
December 8, 2021 – Road Town, British Virgin Islands OpenOcean, world’s leading DeFi and CeFi full aggregation protocol, is delighted to announce the successful aggregation of Arbitrum as well as its leading decentralized exchanges – UniSwap v3, Balancer v2, SushiSwap, Curve, DODO, Synapse and Swapr. It will enable OpenOcean users to trade with maximum returns on …
Crypto Trader Michaël van de Poppe Plots the Path Ahead for Bitcoin, Chainlink and One Low-Cap Altcoin
Widely followed crypto strategist and trader Michaël van de Poppe is outlining what’s next for Bitcoin (BTC), Chainlink (LINK) and the low-cap altcoin Verasity (VRA). Van de Poppe tells his 523,000 Twitter followers that he sees Bitcoin climbing as high as $53,000 before igniting another pullback to around $46,000. “Bitcoin held the level at $47,800 …
Forward Protocol Raises $1.25 Million To Build Web 3.0 Toolkits for a Value-Driven Economy
December 8, 2021 – Panama City, Panama Forward Protocol has raised $1.25 million across two series of funding rounds, attracting investment from leading blockchain projects and venture capital groups such as Bitcoin.com, CVVC, AU21, X21 and GDA Capital. Additional capital came from MEXC, Stakez Capital, Magnus Capital, MarketAcross, Basics Capital, CRT Capital, Polygon Studios, Master …
Top Trader Says Ethereum Looks Exceptionally Bullish, Unveils Targets for Bitcoin and Explosive Altcoin Terra
A popular crypto analyst believes Ethereum (ETH), Bitcoin (BTC) and one altcoin are about to blast off and leave the recent market-wide slump in the dust. The pseudonymous crypto strategist and trader Kaleo tells his 454,000 Twitter followers that ETH’s time to shine has arrived as the “king” of the layer-1 blockchain protocols. The analyst …
Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc
On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH) and the Swiss National Bank (SNB) announced the success of a pilot run of a wholesale central bank digital currency (wCBDC), titled Project Jura. The project, which aimed to investigate cross‑border settlement with euro and Swiss franc wCBDCs, was launched on a third‑party …
Hong Kong-based Chiron Partners launches $50M Terra fund
Hong Kong venture capital firm Chiron Partners has launched a new ecosystem fund dedicated to Terra (LUNA), opening the door to new innovations for the layer-one decentralized finance, or DeFi, protocol. The Chiron Terra Fund I, also referred to as CTI, will deploy $50 million in capital to support innovative projects building on top of …
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Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dip
Bitcoin (BTC) recovered from a dip below $50,000 on Dec. 8 as Wall St. trading opened on a fresh bullish note. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin market ditches “extreme fear” Data from Cointelegraph Markets Pro and TradingView captured a classic rally for BTC/USD on hourly timeframes, gaining $2,000 in a single one-hour candle. The …
Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets
The House Committee on Financial Services heard from several CEOs of major crypto firms in the United States, some of whom seemed to present a united front in urging lawmakers to provide a clear regulatory framework for crypto. Speaking at a Wednesday hearing titled “Digital Assets and the Future of Finance: Understanding the Challenges and …
Binance smart chain and Animoca brands set up a $200M program to sponsor GameFi projects
Global cryptocurrency exchange Binance has reportedly set up a $200 million fund that will directly invest the company’s stake in the emerging crypto gaming and metaverse sector of the digital space. As per the official blog post, Binance will be collaborating with Hong Kong-based Animoca brands through Binance smart chain $1B growth program. Binance and …
‘Vampiric’ Enso Finance aims to leech $1 billion from competing DeFi platforms
Social trading platform Enso Finance has announced a month-long “vampire attack” on six decentralized finance (DeFi) index projects in a bid to siphon their combined liquidity of nearly $1 billion. “Liquidity is the fuel that powers DeFi and it is the essence of Enso’s platform,” noted Enso co-founder Connor Howe. “We want to show the …
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Gibraltar announces integration of blockchain with public services, adoption is coming
The government of British Overseas Territory Gibraltar has announced it will use blockchain technology in a pilot scheme to deliver public services. “The pilot rollout will trial blockchain technology to achieve greater interconnectivity between government departments, individuals, and organisations.“ The rollout will use blockchain technology to trial interconnectivity between departments, individuals, and organizations. What’s more, …