The founder and CEO of digital asset investment firm Pantera Capital, Dan Morehead, is expressing optimism about two cryptocurrencies that are ranked in the top ten by market cap. Starting off with Polkadot (DOT), a platform designed to allow interoperability among diverse blockchains, Morehead says in a CNBC interview that the 10th largest cryptocurrency by …
Yearly archives: 2021
Centralized systems are here to stay, says Binance CEO CZ
In a tongue-in-cheek hot seat video to round off 2021, Binance CEO Changpeng Zhao, or “CZ,” responded to a series of curated Tweets from the Binance community. The Chinese-Canadian business executive’s standout message was that centralized exchanges such as Binance would remain relevant in 2022 and beyond. Riposting to a loaded tweet about centralized finance’s …
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Valereum acquires Gibraltar-based Juno to expand on crypto-fiat bridge
Gibraltar-based tech group Valereum Blockchain announced the acquisition of Juno Group, a company that aids in the establishment and administration of trusts, money management and enterprise creation in Gibraltar. Juno is a company that Valereum describes as having three areas of licensed operation: the management of trusts and similar entities, the administration of cash for a range …
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What Price Will Bitcoin Reach in 2022? Predictions for the Next Year
Experts have predicted that BTC’s price could rise as high as $250,000 next year—or fall as low as $10,000. 2021 was a strong year for Bitcoin, as prices began around $29,000 in January, hit a new high of $69,000 in November, and ended at roughly $49,000 in December. Now, as Bitcoin enters another year, cryptocurrency …
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Bank of Mexico planning to launch CBDC by 2024
The Bank of Mexico took to Twitter to announce their plans to launch a central bank digital currency (CBDC) by 2024. The announcement stated that the Banxico (Bank of Mexico) will have its own CBDC in circulation by 2024 as it considers “these technologies and state-of-art payments infrastructure as options of great value.” El @Banxico …
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The number of installed Bitcoin ATMs more than doubled in 2021
More than 20,000 new Bitcoin ATMs were installed around the world since the beginning of 2021, according to Coin ATM Radar that keeps tabs on all the locations where crypto can be bought and/or sold for cash. 2020 ended with 12,869 Bitcoin ATMs installed around the globe, and during the past year, that number climbed …
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Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS
Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb Korea, Korbit, and Coinone are the new virtual asset service providers (VASPs) tasked with evaluating digital assets for such tax purposes. Virtual Asset Service Providers Tasked With Evaluating Crypto Gifts …
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Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners
The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners that saw the Central Asian country as a new home when China recently cracked down on the industry. NPP Project Revived Amid Short …
Bitcoin Treasuries List Claims 59 Companies and a Handful of Countries Hold 1.49 Million BTC
304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there are 59 companies, a few countries, and exchange-traded funds (ETFs) with 1,499,493 bitcoin held in treasuries. Private and Public Companies, ETFs, and Countries — Treasuries …
Is That You, Satoshi? Over $23,000,000 in Bitcoin Suddenly Moves After Lying Dormant Since 2011
Crypto tracker Whale Alert is revealing that a Bitcoin (BTC) wallet just moved more than $23 million worth of the flagship cryptocurrency after lying dormant for over a decade. According to Whale Alert, the sleeping giant moved 500 BTC to an unknown wallet. The 500 Bitcoin has appreciated by approximately 280,200% since July of 2011. …
Bitcoin gains $1.5K in under an hour as BTC price erases days of downtrend
Bitcoin (BTC) put in an early end-of-year flourish on Dec. 31 as an upward boost saw BTC/USD retake $48,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Options expiry fades Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly gaining over $1,500 in a single hour on Friday. A refreshing counterpoint to several days of downtrend, …
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Shanghai includes metaverse in its development plan
Shanghai, China’s most crowded city, is looking for ways to use a metaverse in public services over the next five years. Shanghai Municipal Commission of Economy and Information Technology’s five-year development plan for the electronic information industry listed four frontiers for exploration, and one of them is the metaverse. According to a CNBC report, the paper …
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Bitcoin sees ‘non-stop’ end-of-year buying as 10K BTC leaves Coinbase in a single day
Almost 10,000 Bitcoin (BTC) left major United States-based exchange Coinbase on Dec. 30 in a sign that investor appetite is returning to the sphere. Data from on-chain monitoring resource Coinglass shows Coinbase’s professional trading arm, Coinbase Pro, shedding 9,925 BTC in the 24 hours to New Year’s Eve. Binance adds 66,000 BTC in December The …
Fractal: 110K join Discord of Twitch founder’s new NFT gaming marketplace
Twitch co-founder Justin Kan launched a new blockchain gaming-focused nonfungible token (NFT) marketplace on Thursday dubbed Fractal. Fractal’s Discord group has since amassed more than 111,000 members despite only being announced two weeks ago. At the time of writing, it appears that the most significant sale on the platform so far was for a “Baby …
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5 Best Cryptocurrency to Buy for the Weekend Recovery – December 2021
The cryptocurrency market has just begun a rebound after a trying week. At $2.4 trillion, its total cap has lifted by 3% in the past few hours. Major coins have risen in line with this, with bitcoin (BTC) up by 3.3% in the past 24 hours and ethereum (ETH) up by 2.8%. Such jumps could …
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