A great number of cryptocurrencies dropped considerably in value during the early morning hours (after 12:00 a.m. EST) on December 4. At the time of writing, the crypto economy is down more than 16% and the price of bitcoin slid below the $50K zone to a low of $43,972 per unit. Since then, bitcoin has …
Yearly archives: 2021
MetaGods Raises $3M Investment to Develop Play-to-Earn 8-Bit Action RPG
press release PRESS RELEASE. MetaGods, the world’s first play-to-earn 8-bit action role-playing game built on the blockchain, has raised $3 million USD in funding from supporting investors. Numerous investors and partners have partnered with the initiative to combine blockchain technology and the fast growing gaming sector to revolutionize the world of non-fungible tokens. MetaGods is …
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Terra Tokenomics Lead to Market Surge, Bitcoin Reserve Hinted
The recent movements in the treasury of Terra, a decentralized financial payment network, which is now burning more than $4 billion worth of LUNA due to a governance proposal, have seemingly made the price of the asset rise to all-time high (ATH) levels. This rise has been also accompanied by new proposals to further cement …
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Here’s What’s Next for Ethereum Rivals Solana and Avalanche, According to Analyst Nicholas Merten
Prominent crypto analyst Nicholas Merten is taking a look at two layer-1 digital assets stacked up against the Ethereum (ETH) trading pair. In a new strategy session, the host of DataDash tells his 486,000 YouTube subscribers where he thinks smart contract platforms Avalanche (AVAX) and Solana (SOL) are headed. According to Merten, it is better …
Gold, Bitcoin or DeFi: How can investors hedge against inflation?
Bitcoin (BTC) was created in the aftermath of the 2008 financial crisis and planned to solve the problems created by loose monetary policies. The cryptocurrency’s creator, Satoshi Nakamoto, said in late 2008 that the cryptocurrency’s supply increases “by a planned amount” that “does not necessarily result in inflation.” The cryptocurrency’s inflation rate has been fixed …
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Ethereum acts as a ‘hedge’ in Bitcoin price crash as ETH/BTC hits 3-year high
Ethereum’s native token Ether (ETH) plunged alongside other cryptocurrencies on Dec. 4. Still, its move downside did not deter it from hitting a three-year high against Bitcoin (BTC), the world’s leading crypto by market capitalization. The ETH/BTC exchange rate jumped a little over 11.50% to hit 0.0835 BTC for the first time since May 2018. …
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Whales Are Actively Accumulating Three Altcoins – And Selling Two Others, According to Crypto Analytics Firm Santiment
Crypto whales are actively accumulating three altcoins and selling two others, according to the crypto analytics firm Santiment. Santiment says whale tracking can be an effective method of determining which crypto assets look bullish or bearish. The analytics firm notes that the number of whale addresses holding between 1-10 million Skale (SKL) has surged in …
Without staking, institutional crypto investors cannot escape inflation
By 2021, proof-of-stake (PoS) anchored itself as the consensus mechanism of choice for new and innovative blockchains. Ethereum 2.0, Cardano, Solana, Polkadot, Terra Luna — five out of the top 10 base layer blockchains run on PoS. It’s easy to see why PoS blockchains are popular: The ability to put tokens to work — verifying …
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2021 ends with a question: Are NFTs here to stay?
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. On Nov. 14, Tezos-based nonfungible token (NFT) marketplace Hic Et Nunc — which in Latin means “here …
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Shiba Inu interest tapers as transaction count in November drops by 40%
Interest in controversial meme token Shiba Inu appears to be waning as on-chain analysis shows significant drops in investor activity. According to blockchain analytics firm Bloxy, both the number of transactions and volume for November fell compared to the previous month. With the transaction count falling by over 40%. Since bursting into the top 20 …
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ECB Paper Marks Success Factors for CBDCs, Digital Euro
A paper published by the European Central Bank (ECB) discusses various conditions for successful implementation of central bank digital currencies (CBDCs) such as the eurozone’s own digital euro. The authors also point to different risks that such projects entail, like the danger of crowding out the private sector. ECB: Digital Euro Should Be Widely Used …
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Ethereum Might Dethrone Bitcoin as Best Crypto Store of Value, Study Argues
A recent paper authored by members of several universities, including Sydney and Macquarie, argues that recent changes in Ethereum monetary policy are making it a better store of value than bitcoin. The deflationary effect that the EIP-1559 proposal has caused in the issuance of the currency is said to be the main cause of this. …
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Binance Names Three Nigerian Reality TV Show Celebrities as African Ambassadors
Binance has named three former housemates from the popular Nigerian reality television show “Big Brother Naija” as the cryptocurrency exchange’s brand ambassadors for the African continent. Bringing Crypto to the Mainstream Leading cryptocurrency exchange Binance has said as part of its plan to increase its foothold on the African continent, it has partnered with three …
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Epic Crash Hits Crypto Markets As Bitcoin Plummets to $43,500 in Matter of Minutes
A rough weekend for crypto traders is underway, with Bitcoin crashing more than 16% from $52,000 to $43,500 in the span of about thirty minutes. The top cryptocurrency bounced off the bottom and is now at $47,190 at time of publishing. Ethereum and the altcoin markets followed BTC’s sudden meltdown, with ETH sinking from $3,983 …
Bitcoin could ‘consolidate until 2022’ after mass wipeout sends BTC price to $41K
Bitcoin (BTC) traded near $47,000 on Dec. 4 after a sudden crash confirmed bulls’ worst nightmares with 22% daily losses. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Crypto liquidations pass $2.5 billion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $41,960 on Bitstamp — its lowest since Sep. 30. As panic …
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