India’s central bank, the Reserve Bank of India (RBI), says a basic central bank digital currency (CBDC) model must be adopted initially and tested comprehensively to minimize the impact on the country’s monetary policy and banking system. The Indian apex bank sees several benefits in launching a digital rupee, including “a potential to enhance the …
Yearly archives: 2021
Power Deficit Forces Crypto Miners to Leave Kazakhstan
Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on the sector, are now looking to relocate to destinations with a more stable energy supply like the United States. Miners Shut Down Crypto Farms Due …
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Here’s What’s Next for Chainlink (LINK) Moving Into 2022, According to Crypto Analyst Benjamin Cowen
A popular crypto analyst is looking at future price targets for decentralized oracle network Chainlink (LINK) heading into 2022. In a new strategy session, Benjamin Cowen tells his 673,000 YouTube subscribers that while Chainlink’s price did increase by 113% in 2021, his expectations were much higher for the real-world data provider. “It started around $0.12 …
Bitcoin dips below $47K but one trader is eyeing ‘solid risk/reward’ for longing BTC now
Bitcoin (BTC) added to its losses on Dec. 29 with a fresh tumble briefly taking BTC/USD below $46,600. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI flashes “oversold” Data from Cointelegraph Markets Pro and TradingView showed the pair giving up ground prior to the Wall St. open to increase its 48-hour correction to 10.4%. The …
What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a row
Bitcoin (BTC) may be down over 30% from its record high of $69,000, but it has emerged as one of the best-performing financial assets in 2021. BTC has bested the United States benchmark index the S&P 500 and gold. Arcane Research noted in its new report that Bitcoin’s year-to-date performance came out to be nearly 73%. In …
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GameStop and Cryptocurrency: The Video Game Retailer Is Close to Using Crypto
GameStop attracted attention this year within the investment community. Here’s why the company is important to crypto. The popular video game retailer GameStop has attracted plenty of attention this year within the crypto community and within the broader investment community. GameStop made the news in March 2021 due to widespread short-selling of its GME stock. …
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What Is Aave? How To Buy Aave (AAVE)?
Want to know how to buy Aave? Don’t worry; we’ve got you. In this article, we will explore everything. Keep reading. Aave is now considered one of the most popular Defi cryptocurrencies. The main reason behind its popularity is — the exceptional technology that comes along with it. Basically, Aave is a cryptocurrency based on …
The ASIC Reveals Data about Crypto ‘pump and dump’ Schemes on Telegram
The chief corporate and financial operator, the Australian Securities and Investments Commission (ASIC) has revealed that it successfully traced various crypto ‘pump and dump’ Telegram groups in October. Talking about this, ASIC shared the details of the procedures adopted by the team to infiltrate the malicious crypto groups on Telegram. The new documents affirmed that …
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Ferrari partners Velas hinting at an upcoming NFT
Ferrari, the globally-acclaimed luxury sports car manufacturing firm from Italy is gearing up to take the crypto industry on a sweep with its latest collaboration with Velas Network, a Swiss blockchain company. In an official announcement, Ferrari revealed news about its multi-year partnership arrangement with Velas focused primarily on the creation of ‘digital content’ for …
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MMA fighter Kevin Lee on signing Eagle FC & receiving salary in BTC
The striking growth in the market value of cryptocurrencies has pushed its popularity exponentially amongst investors. Firms and retail traders are running towards crypto leaving the traditional financial tools behind to fetch juicy returns on their funds. Recently, professional mixed martial arts fighter, Kevin Lee stated that he collaborated with the Russian firm ‘Eagle Fighting …
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MMA fighter, Kevin Lee, says he signed with Eagles FC to be paid in Bitcoin
Bitcoin and cryptocurrencies, in general, have become highly popular in the sporting sector. Kevin Lee, a professional mixed martial arts (MMA) fighter, has noted that his decision to sign with his new company is to be paid in Bitcoin. The report notes that the Eagles FC, a Russian-based league that Lee will now be playing …
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Fake MetaMask token soars 2600% before rug pull
A fake MetaMask governance token sparked interest in the crypto space after making a 2600% uptrend. The gains were quickly followed by a rug pull that resulted in losses for hundreds of investors. Many were lured into investing in this token because of the growing rumours that a potential airdrop for a MetaMask governance token …
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Alibaba’s Joe Tsai reveals he is bullish on crypto
The China ban on cryptocurrencies has led to many firms moving away from the crypto sector. However, there are still company executives that are going big on crypto. An executive from Alibaba Group, the leading e-commerce platform in China, has announced that he likes cryptocurrencies. The executive vice-chairman for Alibaba, Joe Tsai, revealed that he …
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Largest Ethereum Whales Buying Polygon (MATIC) and Two Decentralized Finance Altcoins Amid Crypto Market Pullback
The wealthiest Ethereum (ETH) whales are busy gobbling up Polygon (MATIC) and two other decentralized finance (DeFi) altcoins as the crypto markets take a breather. Data from whale-surveilling platform WhaleStats shows that the top 1,000 Ethereum whales bought an average of $12,766 worth of MATIC tokens in the last 24 hours. One notable Polygon transaction …
Ready Player Me raises $13M to expand metaverse platform
Metaverse gaming platform Ready Player Me has announced a $13-million Series A funding led by the respective co-founders of Wise and Teleport, Taavet+Sten, with further participation from the co-founder of GitHub, Tom Preston-Werner, alongside Samsung Next, Konvoy Ventures and Gmoney. The platform intends to utilize the capital to advance ambitions for avatar interoperability between metaverse …
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