Digital asset manager Bakkt is expanding its services to support the second-largest crypto asset by market cap. According to a new press release, Bakkt will support Ethereum, the leading smart contract platform. Explains Bakkt CEO Gavin Michael, “At Bakkt, providing flexible opportunities for users to enjoy their digital assets is a top consideration, and adding …
Yearly archives: 2021
US Mayors Are Joining the Bitcoin Paycheck Challenge – Who’s Next?
Two more US mayors are throwing their hats in the ring and agreeing to receive part of their salary in Bitcoin (BTC). Tampa Mayor Jane Castor says she’ll follow in the footsteps of Miami Mayor Francisco Suarez and New York City Mayor-Elect Eric Adams, noting she’s “up for the challenge” of accepting a paycheck in …
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DeFi can be 100 times larger than today in 5 years
Decentralized finance (DeFi) is a natural product made possible by blockchain technology and has the right and ready infrastructure to propel the technology to a bigger playing field. The space has grown by leaps and bounds since the Ethereum network went live in July 2015, with Ethereum network transactions growing by 33x to 1.2 million …
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NBA Star and Early Coinbase Backer Co-Founds $230,000,000 Firm Focusing on Crypto and Other Investments
Two-time NBA champion and three-time Olympic gold medalist Kevin Durant is co-founding a special purpose acquisition company (SPAC) to invest in various sectors, including crypto firms. The SPAC, known as Infinite Acquisition Corp, is a 50-50 partnership between Durant’s Thirty Five Ventures and American banking firm LionTree. Co-owned by Durant and businessman Rich Kleiman, Thirty …
‘Overtime, we will see the NFT market broaden,’ says Ripple’s CTO David Schwartz
Nonfungible tokens, or NFTs, have been dominating the crypto market this year. With sales topping over $2.5 billion during the first half of 2021, it shouldn’t come as a surprise that both the crypto community and mainstream creators are launching NFTs in hopes of driving revenue and engagement. The rise of the Metaverse has also …
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Green means go: 5 spectacular altcoin rallies with one thing in common
In crypto trading we often see entire sectors move in tandem. DeFi coins may all curve upwards together, while metaverse tokens soared on news that Facebook’s getting a Facelift. But this week’s group of top crypto performers have very little in common… except one trading indicator that lit up in pulsating green neon letters before …
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What next for Shiba Inu (SHIB) following its 50% crash?
Shiba Inu has been making moves of late, hitting an all-time high of $0.00008876 last week and crashing the top ten to leapfrog Dogecoin in the process. However, since then, momentum for the divisive meme coin has slowed considerably, triggering a sell-off that bottomed at $0.00004264 on Thursday – a 52% drop in seven days. …
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Growing Number of US Mayors Want to Be Paid in Bitcoin
A growing number of mayors in cities across the U.S. have said they want to be paid in bitcoin. The mayor of Miami said he is going to take his entire salary in the cryptocurrency, two other mayors will be converting their paychecks into bitcoin, and the mayor-elect of New York City will take his …
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Stablecoin Valuations Continue to Swell, MIM and MUSD Market Caps Increase by Triple-Digits in 30 Days
In mid-October, the market capitalization of all the stablecoins in existence was $134 billion and during the last three weeks, the valuation has increased by 5.59% to $141.5 billion. While terrausd’s market cap jumped by 6.7% over the last month, the stablecoin DAI saw an increase of 27.3% in 30 days. The largest stablecoin by …
Q3 NFT Report Shows Non-Fungible Token Markets ‘Are in Phase of Dynamic, Unstoppable Growth’
Non-fungible token (NFT) assets have seen significant demand since the beginning of 2021 and third quarter statistics show that key indicators have continued to rise. Just recently nonfungible.com published its Q3 2021 NFT Quarterly Report which shows active wallets increased, the number of NFT buyers has risen, and the number of sellers has grown faster …
Litentry Crowdloan Allocates 20% LIT Total Supply and Partners With Binance With Extra $2.5M Reward Pool
press release PRESS RELEASE. Litentry, a decentralized identity aggregation protocol, has revealed the launch of its Crowdloan Reward Program scheduled to go live from November 4, 2021. This represents a significant development in its quest to win a slot ahead of the upcoming Polkadot parachain auction. Join the crowdloan on Binance now to enjoy 20% …
Ethereum Is Now a Superior Investment to Bitcoin, According to JPMorgan – Here’s Why
US banking giant JPMorgan is calling leading smart contract pltform Ethereum (ETH) a better bet than Bitcoin (BTC) this market cycle. Business Insider reports that analysts from JPMorgan say the Federal Reserve’s plans to raise interest rates could pose a big problem for Bitcoin. On Thursday, the Bank of England said that interest rates would …
The Metaverse: Will it be a decentralized haven or a centralized tyranny?
Last week, Facebook rebranded to Meta and announced its plans to kickstart the development of the Metaverse — an entirely new way of interacting and navigating the internet. Now, the Metaverse landscape has a multi-billion dollar corporate behemoth vying for the helm, which has made its future all the more uncertain. Whether we like it …
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Crypto Exchange Binance Launches Support for Altcoin DeFi Project, Triggering Volatile Price Movements
An altcoin designed for decentralized finance (DeFi) surged 56% to a new all-time high after it launched on popular crypto exchange platform Binance. Binance says it is launching support for Rari Governance Token (RGT), the Ethereum-based governance token of Rari Capital, a DeFi platform allowing participants to borrow, lend and earn yields on cryptocurrencies. RGT’s …
Reddit to reportedly tokenize karma points and onboard 500M new users
American social media giant Reddit may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer. A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. As Cointelegraph reported …
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