The growth of the stablecoin sector within crypto has been one of the most impactful developments of 2021. In particular, stablecoins became integral to the expanding decentralized finance (DeFi) ecosystem as their total value eclipsed $162 billion, according to CoinMarketCap. One project that has seen its token price surge thanks to its focus on stablecoins …
Continue reading “3 reasons why Convex Finance surged 215% in December to hit new all-time high”
High transaction costs have been a thorn in the side of the top blockchain protocols for years as both Bitcoin (BTC) and Ethereum (ETH) have seen the average cost of conducting token transfers skyrocket during times of network congestion and high demand. One layer-one (L1) protocol that has been gaining traction in recent months that …
Continue reading “ROSE gains 54% in a week as Oasis Network ecosystem expands”
Bitcoin Price Prediction – December 29 The Bitcoin price prediction shows that BTC keeps extending the bearish movement below $47,000 after numerous trials to sustain gains. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $52,000, $54,000, $56,000 Support Levels: $43,000, $41,000, $39,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD falls toward $46,000 …
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XRP Valuation Declines, Averaging $0.80 – December 29It has now experienced that the Ripple XRP/USD valuation declines, averaging $0.80 as the crypto economy trades between the high and low of $0.86 and %0.81 value lines. The market’s percentage rate is at 1.34 negatives as of writing. XRP Valuation Declines, Averaging $0.80: XRP MarketKey Levels:Resistance levels: …
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Last month, we announced our investment into AlgoFi alongside USV and Pillar. The team has been moving at lightning speed. They launched AlgoFi — a capital markets suite including Algorand’s first money market and algorithmic stablecoin — on December 17th. Today they announced a $3M liquidity mining program alongside the Algorand Foundation. In just a …
Crypto whales are buying up the supply of one exchange altcoin despite the asset’s significant price correction in the past month. Digital asset analytics firm IntoTheBlock reports that “large holders” own 93% of the supply of Crypto.com Coin (CRO), the cryptocurrency that powers the Crypto.com platform. Crypto.com Coin surged to an all-time high of nearly …
December 29, 2021 – Tortola, British Virgin Islands Transient Network, a smart contract global marketplace, has launched its second DApp ‘CryptoPool’ on the Binance Smart Chain, following the successful debut of TSC-Core in November. CryptoPool will soon launch on Ethereum and HECO Chain networks as well. The new DApp gives users the ability to create their …
Cryptocurrency analyst and trader Michaël van de Poppe is plotting out new price targets for Ethereum (ETH) after the leading smart contract platform experienced major growth during 2021. In a year-end strategy session, Van de Poppe tells his 158,000 YouTube subscribers that Ethereum has not only held up well against the number-one crypto Bitcoin (BTC) …
South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January. In a Wednesday announcement, Coinone said users would have from Dec. 30 to Jan. 23 to register their external wallets at the exchange, after which time it would restrict withdrawals. The exchange …
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The S&P 500 is trading near its all-time high but Bitcoin (BTC) has plunged about 30% from its all-time high at $69,000. Even after the sharp drop, Bitcoin is up 63%, year-to-date, outperforming the S&P 500, which is up about 30% in 2021. Gold, which is popular as a hedge against inflation, is down roughly …
Continue reading “Price analysis 12/29: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE”
Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature starting in January 2022. In a Wednesday blog post, Robinhood said tens of thousands of users currently on the waitlist for the trading app’s crypto wallet would have access to the beta version starting in mid-January. The …
Continue reading “Robinhood plans to launch beta crypto wallets in January as HOOD drops to $17”
2021 has proven to be a fortuitous year for the world’s second-biggest cryptocurrency Ether (ETH), which has seen a fourfold increase in value over the past 12 months. In doing so, Ether has outperformed the appreciation of the preeminent Bitcoin and has gained an increased percentage of the overall cryptocurrency market by capitalization. While the …
Continue reading “A fair comparison? Ethereum growth outpaces Bitcoin in 2021”
Staking has become a popular means for generating passive income in the past year. At its core, holders of the foremost crypto asset Bitcoin cannot leverage this new phenomenon due to the oldest blockchain’s reliance on an outdated proof-of-work (PoW) consensus algorithm. But this has not deterred investors from searching for the best platform for …
Continue reading “5 Best Platforms for Bitcoin Staking – December 2021”
Scuderia Ferrari has confirmed a multi-year deal with Velas, a Swiss tech firm, to create NFTs for its fans. This will mark the racing team’s first exchange with the digital asset industry. According to the statement, the multi-year agreement signed between Scuderia Ferrari and Velas Network AG will exclusively create “digital content” for the Scuderia …
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The world’s richest man Elon Musk reiterates his support for Dogecoin, saying it’s better than Bitcoin as a currency. Speaking to Lex Fridman in a two-and-a-half hour-long interview, the pair covered numerous topics, including colonizing Mars, the nature of money, and Tesla autopilot functionality. But the stand-out topic of conversation was Musk’s thoughts on the …
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