The second-largest Ethereum whale in existence is accumulating millions of dollars worth of two ETH-based altcoins. According to whale-watching platform WhaleStats, the deep-pocketed crypto investor collected $4.2 million worth of layer-2 scaling solution Polygon (MATIC) and $3 million worth of blockchain indexing protocol The Graph (GRT). The massive address holds just above $3.8 billion in …
Yearly archives: 2021
Avalanche eyes 60% rally as AVAX price breaks out of bull flag
Avalanche (AVAX) strengthened its case for a potential upside run towards $160 in the coming sessions as it broke out of a classic bullish pattern earlier this week. Dubbed “bull flag,” the pattern emerges when the price consolidates lower/sideways between two parallel trendlines (flag) after undergoing a strong upside move (flagpole). Later, in theory, the …
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SBI Group launches crypto-asset fund for Japanese investors
Tokyo’s biggest finserv firm, SBI Group, will now allow general Japanese investors to purchase cryptocurrencies via its newly launched ‘crypto asset fund’. The fund is composed of seven cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, Bitcoin Cash (BCH), Chainlink (LINK) and Polkadot (DOT). The crypto-asset fund, to be traded and operated by the …
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Bitcoin bears lack ‘balls’ to continue selling into 2022 — analyst
Bitcoin (BTC) bears will probably be too “stoneless” to keep prices down much longer, fresh BTC price analysis argues. In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin’s recent 39% correction. Sheep in bear’s clothing A combination of macro factors and smart action from big players left …
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Ethereum Price Could Drop 11% Further To $3,528 – Sell ETH Now?
Ethereum has turned bullish on Saturday with bulls determined to regain the $4,000 crucial level. Rising above $4K could take ETH above the upper boundary of the descending parallel channel at $4,042 level confirming a bullish breakout. Defending the 100-day SMA support at $3,926 is essential for a bullish breakout. The IOMAP model by IntoTheBlock …
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Are Dancers next to take the leap into the Metaverse?
The creative economy is arguably the most crucial component of the metaverse. Without artists, designers, musicians, poets, DJs, dancers and gamers, virtual worlds would be bleak and bland as they stand. Up until now, artists, musicians and the creatives of the world may have seemed low in the economic scale of top earners. That was …
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Tron Foundation to dissolve as Justin Sun takes up government job in Grenada
The Tron Foundation, the organization behind the TRON (TRX) cryptocurrency, today announced that it will dissolve itself next summer, leaving the blockchain’s ecosystem completely in the hands of its community. 📢@justinsuntron’s Open Letter on #TRON’s decentralization and Justin’s appointment as the Ambassador. ✅The #TRON Foundation has settled to dissolve itself on July 25, 2021✅Justin Sun …
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Argentinian Chamber of Fintech Makes Cryptocurrency Regulation Proposal
The Argentinian Chamber of Fintech, a membership-based organization whose goal is to lead the digitization and modernization of the financial services industry, issued a series of recommendations for the upcoming regulation of virtual assets in the country. The proposed framework asks the government to follow FATF recommendations, and it calls for a clear definition of …
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Consensys Launches Rollups Scaling Solution With Mastercard’s Support
Consensys, an Ethereum software company, announced yesterday the launch of a new scaling solution for Ethereum, called “Consensys Rollups.” The company enlisted Mastercard programmers to design the solution, which aims to allow the network to reach a throughput of 10,000 TPS (transactions per second), according to a PR statement. The solution can be implemented on …
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Kraken Ventures Raises $65 Million to Invest in Web3, Defi, Blockchain Startups and Protocols
The independent investment fund led by Kraken alumni that’s focused on early-stage companies and protocols, Kraken Ventures, announced the successful closing of its first fund at $65 million. Presently, the fund holds positions in platforms like Hashflow, Pstake, Acala, Blockdaemon, Anchorage, and Messari. Kraken Ventures Reveals $65 Million Fund I LP There’s been an enormous …
XRP Holders To Receive $1,000,000,000 Airdrop, Says Crypto Investment Platform Sologenic
A crypto investment platform is launching a $1 billion airdrop for XRP and holders of the protocol’s native token. Sologenic (SOLO), an ecosystem built on the XRP Ledger (XRPL) that tokenizes a wide range of assets from traditional financial markets, is launching a new decentralized non-fungible token (NFT) marketplace on the XRPL. In order to …
Creating a pathway for crypto market growth through better regulation
As supply-chain woes continue and the U.S. dollar battles to fight back inflation concerns, crypto remains an alluring port in the current financial storm. The recent approval of the first Bitcoin (BTC) futures-linked exchange-traded fund (ETF) to trade on both the NYSE and Nasdaq from asset managers ProShares and Valkyrie Funds, respectively, has created a …
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Crypto Index Tracker – DeFi and Smart Contract Platforms Lead Decline
HodlX Guest Post Submit Your Post Bitcoin and Ethereum have tumbled 7% and 13% over the past week, respectively. The total crypto market cap is down 4.5% over the past 24 hours to lows of around $2.3 trillion. Worries about a hawkish Fed have likely contributed to this. Within crypto, the moves were not uniform …
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Vodafone auctions world’s first SMS ‘Merry Christmas’ as NFT for charity
British telco giant Vodafone has reportedly plans to auction the world’s first Short Message Service (SMS) in the form of a nonfungible token (NFT) on Dec. 21. The SMS, that reads “Merry Christmas”, was sent 29 years ago over the Vodafone network on Dec 3, 1992, and was received by Richard Jarvis, an employee at …
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FTX’s Sam Bankman-Fried believes billionaires should pay more taxes—including himself
In an interview with CNN, Sam Bankman-Fried, the CEO of FTX, supports the newly proposed wealth tax in the United States. Speaking from FTX’s headquarters in the zero-tax Bahamas, he said that it was “reasonable” to reform the existing tax code and collect more taxes from billionaires—including himself. “The best need to pay their fair …