On Friday, Polygon and Alexis Ohanian’s venture capital firm, Seven Seven Six, announced a $200 million initiative backing projects operating at the intersection of social media and Web 3.0. The initiative will focus on gaming applications and social media platforms built on Polygon’s infrastructure. Ohanian co-founded Reddit in 2005, left in 2010 and returned as …
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On Dec. 14, the United States Senate Banking, Housing and Urban Affairs Committee held a hearing titled “Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?” The testimonies, both spoken and written, focused largely on the last two issues, as anxieties over Know Your Customer compliance and the U.S. dollar …
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In an effort to democratize access to nonfungible tokens, art collections and other digital assets of value for the masses, Bitwise Asset Management launched its new index fund on Dec. 16. As per the announcement, the Bitwise Blue-Chip NFT Index Fund is designed to allow accredited investors to invest in major nonfungible tokens and art collections. …
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Since cryptocurrencies exploded back in 2015, Ethereum has been a pack leader. Ethereum created an entire ecosystem of developers, entrepreneurs, investors, and users, all building on top of its blockchain. The Ethereum Foundation is also working to develop more tools for developers, and there are many other projects in development as well. Ether is the …
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ConsenSys, a leading analytics platform, has announced its partnership with Mastercard to aid in the rollout of ConsenSys Rollups. These rollups will offer enterprise-grade scalability to financial institutions and other users seeking scalability. ConsenSys will be tapping into the high level of expertise the Mastercard engineering team offers to develop the ConsenSys Rollups solution. Bringing …
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The International Monetary Fund (IMF) is known for its harsh stance against cryptocurrencies, with the institution being in the frontline in urging El Salvador to stay away from endorsing Bitcoin as legal tender. However, the global financial body seems to be changing its stand after advocating against a crypto ban. The chief economist at the …
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Millennials and cryptocurrencies have been a perfect fit for the longest time. The current data shows that a significant number of millennial millionaires have invested more than half of their wealth in cryptocurrencies. The latest data from the CNBC Millionaire Survey shows that the largest percentage of millennial millionaires has invested in digital assets and …
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The crypto market is consolidating, and similar to what has been happening in recent days, some altcoins are setting themselves apart by making gains while the market is losing. WAVES is among the altcoins making notable gains, and because of this, it has reached weekly highs. WAVES is trading at $19.34 at the time of …
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The quick growth of NFT has attracted huge attention over the past few months now. As more and more people are gradually turning to the crypto industry, the demand for top NFT tokens and their wallets is also increasing. If you are new to using cryptocurrency, having an NFT wallet is a must for any …
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Finding it hard to keep a track of all the latest buzz around crypto? Then, this portal is here to solve all your crypto-related concerns. We have tried to assemble the most important news of crypto space so that you can keep a tab on everything without any trouble, take a look: HSBC Teams with …
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While the metaverse going mainstream has seen several altcoins explode in value and recognition, crypto whales are gobbling up a lesser-known gaming project. According to crypto tracker WhaleStats, Gala Games (GALA) accounts for nearly 1% of total holdings – a whopping $519.5 million – among the top 1,000 Ethereum (ETH) whale wallets. By comparison, popular …
2021 has proven to be the year of crypto adoption where institutional crypto investments and millennials turning millionaires were familiar headlines. A new CNBC survey has revealed that a majority of millennial millionaires have invested a significant chunk of their portfolio in crypto and plan to continue their crypto investments in 2022. The survey polled investors …
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The United States Securities and Exchange Commission continues to delay decisions on Bitcoin (BTC) exchange-traded funds (ETF), issuing two fresh deadline extension notices. On Wednesday, the SEC postponed two major Bitcoin exchange-traded offering proposals, including NYSE Arca’s “actual” Bitcoin ETF, named Bitwise Bitcoin ETP Trust, and Grayscale Bitcoin Trust’s Bitcoin ETF. The SEC now expects …
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After celebrating its 20th anniversary in January, the free Internet encyclopedia Wikipedia continues making history by selling its first nonfungible token (NFT) via auction giant Christie’s. On Dec. 15, Christie’s completed an auction of two Wikipedia-related objects directly from Wikipedia co-founder Jimmy Wales. Titled The Birth of Wikipedia, the online sale included two lots, an …
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Bitcoin Price Prediction – December 17 The Bitcoin price extends the bearish movement below $47,500 after numerous trials to sustain gains above $48,000. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $52,000, $54,000, $56,000 Support Levels: $43,000, $41,000, $39,000 Buy Bitcoin Now BTC/USD falls below the 9-day and 21-day moving averages as the …
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