Brazil’s top bank is revealing that Brazilians have purchased billions of dollars worth of cryptocurrencies this year, according to Portal do Bitcoin. The Central Bank of Brazil says that year-to-date, Brazilians have bought crypto assets worth $4.27 billion. ADVERTISEMENT The largest monthly crypto purchase of 2021 occurred in May when Brazilians acquired $756 million …
Yearly archives: 2021
Polygon-Based Multi-Region Fantasy Game Gaia EverWorld Closes $3.7 Million Seed Round
October 20, 2021 – Tortola, British Virgin Islands Gaia EverWorld, an immersive, multi-region fantasy world where players are able to build their own kingdoms, has already secured $3.7 million in funding from prominent blockchain industry investors via a private sale. Inspired by classic games like ‘Pokémon,’ ‘Clash of Clans’ and ‘Age of Empires,’ Gaia EverWorld …
Analytics Firm Glassnode Tracks Investor Behavior As Bitcoin Shatters All-Time High
Crypto insights firm Glassnode is keeping a close eye on Bitcoin investor behavior as the largest crypto asset smashes through its all-time high, reaching $66,813 according to CoinGecko. In a new edition of its weekly newsletter, Glassnode says it is looking at the activities of long-term Bitcoin holders – entities that have kept their BTC …
Cointelegraph Consulting: ETFs listed — What’s next for Bitcoin?
After dipping below $30,000 in June, Bitcoin (BTC) went on a nearly four-month rally, appreciating by more than 100%. On Friday, it was able to recapture the $60,000 level after closing the day with a 7.56% spike. The ensuing rally was attributed to the excitement around the SEC giving the green light on the ProShares …
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Chinese e-commerce giant JD.com drops NFT series on its own blockchain
Chinese online retail giant JD.com is diving into the nonfungible tokens, or NFTs, industry by introducing a special NFT series for its annual JD Discovery conference. Using its proprietary blockchain platform, JD.com will be distributing commemorative NFT certificates to attendees of the JDD 2021 event in Beijing, the Chinese new agency Sina Finance reported Oct. …
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Grayscale parent company expands GBTC purchase allocation to $1 billion
According to an announcement issued on Wednesday, DCG is now authorized to buy up to $1 billion worth of Grayscale Bitcoin Trust (GBTC). This development extends DCG’s prior authorization by $250 million if they choose to do so. Indeed, DCG has so far purchased $338 million in GBTC, according to the company’s announcement on Wednesday. …
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Ethereum nears its own all-time high as ETH price retakes $4K
Ethereum’s native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level. Ethereum breaks $4,000, nearing new all-time high ETH price rallied on Oct. 20 by over 5% to approach $4,100 on the Coinbase exchange for the first time since …
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Bifrost launches on Kusama-based Karura Swap with 200,000 BNC in rewards
Karura Swap, the AMM-style decentralized exchange on Kusama, has joined forces with Bifrost Finance to introduce its newest trading pair BNC/kUSD. The pair will launch in Bootstrap mode on October 19 at 13:00 UTC with trustless trading scheduled to go live on October 21 at 13:00 UTC. The first cross-parachain token listing on Karura Swap …
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How the innovative use of crypto NFTs can help battle climate change
The pressure is mounting on countries to cut emissions and limit global warming to 1.5 degrees. Although these country pledges matter, individual action, and awareness are key to delivering the changes needed in society. How can artists use their NFT collections to help the fight against climate change? NFTs made the headlines for all the …
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Is this week’s price performance setting the stage for Bitcoin’s fabled Q4 rally?
Following the signaled approval of a futures ETF from ProShares, Bitcoin (BTC) entered this week above $60,000. And whether it will touch the fabled $100,000 this year will depend on the next few days, analysts say. Futures ETF launch The first Bitcoin ETF in the United States began trading today, sending the crypto to its …
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Analyst That Said $200-300K Bitcoin ‘Looks Programmed’ Still Says BTC Price ‘Nowhere Near a Top’
On Wednesday, just before bitcoin surpassed the digital asset’s all-time high (ATH), the crypto analyst known as “Techdev” says the “2-week chart looks strong and ready for much higher highs.” Just 26 days ago, Techdev said that “$200-300K bitcoin looks almost too programmed” and this week, the analyst noted that we are “nowhere near a …
Bitcoin Smashes Through All-Time High Surpassing $66,000 per Unit
The spot price of bitcoin smashed through the leading crypto asset’s all-time high (ATH) surpassing $66,000 per unit after the first bitcoin exchange-traded fund (ETF) was launched in the United States. The last time bitcoin touched an ATH six months ago on April 14, 2021, the price tapped $64,804 per unit. Bitcoin Records New All-Time …
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Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future
Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially replace the greenback in currency reserves and trade settlements with other currencies and even digital assets in the future. Foreign Ministry Official Sees Russia Acquiring …
Binance USD (BUSD): A Case Study for Stablecoin Compliance and Security
sponsored Binance USD (BUSD) has become one of the fastest-growing cryptocurrencies in the world, with a variety of use cases and growing demand amid the continued growth of the crypto markets. A key component to BUSD’s success is its unwavering compliance to the world’s most stringent regulatory standards, ensuring safety and security for all of …
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Polkadot and Ethereum 2.0 — A Look at the Solutions Building the Scalability of Tomorrow
Both Ethereum 2.0 and Polkadot are promising sharding-based protocols overcoming the scalability challenges facing legacy blockchains. Although slightly different, together, the Relay Chain and Beacon Chain represent another significant leap forward, especially for interoperability. Partitioning the Problem: Sharing the Load via Sharding Scalability has been a hotly debated topic after networks bumped up against the …