Non-fungible token (NFT) assets were extremely popular this year and to date, there’s been more than $20 billion in volume recorded in terms of NFT sales among 100 collections. While many single NFTs sold for millions of dollars a number of NFT projects and collections saw hundreds of millions and even billions in all-time volume. …
Yearly archives: 2021
Price analysis 12/31: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE
Bitcoin (BTC) and most major altcoins are attempting a rebound off their respective support levels, indicating that buyers continue to accumulate on dips. Data from Coinglass shows that 9,925 Bitcoin left Coinbase Pro, the professional trading arm of Coinbase, on Dec. 30, a possible sign of institutional buying. This is in sharp contrast to the …
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Bitcoin holds $48K as final Wall Street session caps 60% YTD gains for BTC
Bitcoin (BTC) chipped away at its latest gains on Dec. 31 as the final trading session of 2021 opened on Wall St. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin posts 60% year-to-date gains Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it meandered around the $48,000 mark, having reached multi-day highs of $48,550 …
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Going meta: Paris Hilton, Times Square and ETFs
Following the announcement that Facebook’s parent company would be rebranding in a shift towards the Metaverse, many projects have started similar initiatives entering the virtual space, from buying property to testing the limits of what this universe has to offer. Virtual ball drop on NYE The Ethereum-based virtual reality world Decentraland announced on Wednesday that …
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Will US regulators shake stablecoins into high-tech banks?
Regulators around the world have been thinking seriously about the risks associated with stablecoins since 2019 but recently, concerns have intensified, particularly in the United States. In November, the United States’ President’s Working Group on Financial Markets, or PWG, issued a key report, raising questions about possible “stablecoin runs” as well as “payment system risk.” …
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5 Best Meme Crypto to Buy Now – End December 2021
The year 2021 has been the era of memecoins, as investors research the best meme crypto to buy now for high profits. The market cap of meme tokens currently stands at over $43.37 billion, up 1.77% in the last 24 hours. The two leading meme tokens, Dogecoin and Shiba Inu have posted outstanding gains, which …
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Justin Sun deposits $620 worth of Ethereum into Binance
Justin Sun has once again found his way into crypto discussions. The founder of TRON has raised eyebrows after depositing a substantial amount of Ethereum tokens into the largest cryptocurrency trading platform, Binance. Sun deposited more than $600 million worth of ETH tokens in December into Binance. However, Sun, who is popular for being vocal …
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Know Everything about Crypto Liquidity Pools
Crypto Liquidity Pools are an essential part of the DeFi ecosystem. These pools are a collection of tokens or digital assets stored in a smart contract. These pools, among other things, help to facilitate decentralized trading and reduce the danger of washout. The core technology behind the current DeFi ecosystem is liquidity pools. They form …
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Binance is on the verge of finalizing Swipe acquisition
Taking pride in being one of the world’s largest cryptocurrency exchanges, Binance is all set to acquire the last patch of outstanding shares of Swipe to finalize the acquisition procedure. Swipe works as a renowned crypto Visa card providing firm that sold a majority of its shares on July 6, 2020 to Binance as part …
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MicroStrategy buys 1,914 Bitcoins and now owns $6 billion in cryptocurrency
Hailing from the United States as a top-tier firm specializing in Business Intelligence services, MicroStrategy has purchased 1,914 BTC worth $94.2M to expand its crypto holdings. The purchases were made by the team between December 9 through December 29 for an average price of $49,229 per Bitcoin token from the market space. With this latest …
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OpenSea has frozen $2.2M worth robbed Bored Apes
Leading marketplace for Non-Fungible Token fans, OpenSea has frozen 16 Bored Ape and Mutant Ape NFTs right after they were stolen from the hot wallet of a New York art gallery operator, Todd Kramer. The digital collectibles were stolen from the account named ‘toddkramer.eth’ that is linked to the Ross+Kramer Art Gallery in New York. …
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Ontario Securities Commission reprimands Binance
The Binance cryptocurrency exchange platform is currently facing regulatory scrutiny from the Ontario market regulator. The Ontario Securities Commission has reprimanded the exchange giant for misinforming Canadian users. According to the regulatory body, the exchange was wrong for notifying its users that it was among the cryptocurrency exchange platforms allowed to continue its operations in …
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Reserve Bank of India calls for a ban on private cryptocurrencies
The Reserve Bank of India (RBI) has warned of the immediate risks of private cryptocurrencies. The bank noted that private cryptocurrencies threatened consumer protection and enabled money laundering and terrorism financing. The bank declared its negative stance on these digital assets in the recent financial stability report. Private cryptocurrencies carry many risks The RBI opined …
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Russian Sberbank launches a blockchain-based ETF
Sberbank, one of the leading banking institutions in Russia, has announced the launch of an exchange-traded fund (ETF) focusing on blockchain. The ETF will track the leading companies in the crypto sector, including Coinbase and Galaxy Digital. The product will expose Russian investors to blockchain technology and the digital asset sector. It is the first …
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One Catalyst Could Drive Bitcoin To Explode by 300% in 2022, According to Crypto Billionaire Brock Pierce
Billionaire Brock Pierce is saying that external factors will largely dictate the movement of Bitcoin (BTC) in 2022. In a new interview on Fox Business, the Bitcoin Foundation chairman shares what he thinks could influence the price of the flagship cryptocurrency in the coming year. “I think more on external tractors than it does even …