BTC/USD Fluctuates Below $50k as Bitcoin Struggles Above $47,000 – December 14, 2021 On December 12, Bitcoin bulls were repelled at the $50,800 high as Bitcoin struggles above $47,000. This is an indication that the upward move has been restricted below the $50,000 psychological price level. The rejection caused the BTC/USD to decline to $45,788 …
Yearly archives: 2021
MegaFans: Mobile eSports gaming platform
MegaFans, in partnership with Launchpool Labs and CryptoSlate, is excited to bring you the first Project Report. This type of report provides an in-depth overview of projects that are at the forefront of the industry, by expressing an unbiased evaluation of the technology used, product maturity, team information, SDKs and code, an assessment of the …
Bank of England warns crypto could threaten the established financial system
Deputy Governor for Financial Stability at the Bank of England (BoE) warned about cryptocurrencies such as Bitcoin rapidly reaching the threshold of mainstream adoption– worried about the ripple effect a sudden price correction could have on the established financial system, BBC reported. Sir Jon Cunliffe voiced his concerns following the Bank’s latest Financial Stability Report …
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Elon Musk announces Dogecoin payments for Tesla merch
Elon Musk, CEO of Tesla Motors, tweeted in support of Dogecoin and declared that Tesla will now accept Dogecoin as payment for its merchandise. The tweet prompted the token prices to soar past 30% within minutes after the announcement was made online. Tesla will make some merch buyable with Doge & see how it goes …
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Chinese citizens are showing more interest in Web 3.0
Over the past few years, the Chinese government declared a full-fledged war on the crypto industry, barring its citizens from carrying out either trading activities or mining digital assets. While this action has led to the demise of many crypto-related firms in the country, interest in the industry appears unaffected as a recent tweet from …
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Actress Gwyneth Paltrow Invests in Bitcoin Mining Operation Terawulf
The American actress and businesswoman Gwyneth Paltrow has participated in an investment round involving the bitcoin mining operation Terawulf. According to reports, Paltrow and a group of investors made a “substantial, 8-digit equity investment” in the company. Paltrow is well known for her involvement with cryptocurrencies and joined the crypto firm Abra in 2017 as …
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Binance Shutting Down Crypto Exchange Services in Singapore
Crypto exchange Binance is winding down its exchange operation in Singapore after the company decided to withdraw its application with the Monetary Authority of Singapore (MAS) to operate a digital asset exchange in the country. “Buying and selling of crypto from existing assets of users will be discontinued from 13 January 2022,” said Binance Singapore. …
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Market Analyst Says ‘Whole Crypto Sphere Is in a Bear Market’ as Prices Continue to Slide Lower
The crypto-economy has been sliding in value this week and during the last 24 hours, it has lost 2.5% dropping to $2.3 trillion. The leading crypto asset bitcoin has slid 4.8% during the last seven days and ethereum has dropped 11.7% last week. The downward spiral has cryptocurrency advocates questioning whether or not the bull …
Metaverse Alliance Launches Metathon for Devs and Degens With $50 Million in Prize and Seed Funding
press release PRESS RELEASE. Metaverse Alliance has announced the launch of its online Metaverse Hackathon (Metathon) for all metaverse enthusiasts around the world. The Metaverse Alliance team believes that the metaverse will create long-term value in the future and that both real and virtual worlds will exist in parallel with little boundaries. Metathon comes from …
Dogecoin Soars After Elon Musk Announces Tesla Will Accept DOGE
Dogecoin got a boost Tuesday morning when Elon Musk announced that Tesla will be accepting dogecoin for some products. Musk has just been named Time Magazine’s Person of the Year and said that DOGE is more suitable for transactions than bitcoin. Tesla Will Begin Accepting Dogecoin Tesla CEO Elon Musk has announced via Twitter that …
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Solana Co-Founder Says One Nascent Crypto Sector Has the Potential To Exponentially Grow: Report
Solana (SOL) co-founder Anatoly Yakovenko thinks one emerging crypto sector will underpin the future of social networks. Yakovenko argues in a new interview with Markets Insider that non-fungible tokens (NFTs) offer potential benefits that traditional social media platforms lack. “I think these are the early starts of true web social networks that do not rely on …
MGA Entertainment and Ioconic launch L.O.L. Surprise NFT platform in 20,000 retail stores worldwide
Toy company MGA entertainment announced Tuesday that the first nonfungible token (NFT)-based cards for the L.O.L. Surprise trading card game are now available for purchase. The company entered into a partnership with digital asset consultancy firm Ioconic in September and now hopes that the $25 billion L.O.L. Surprise brand will succeed in ushering its young fans into the …
Cyprus’ finance ministry recommends ‘capacity building’ for crypto
Cyprus is moving to regulate the cryptocurrency industry, with the country’s finance ministry releasing a national risk assessment on crypto. Published on Monday, the official documentation provides a risk assessment for the Republic of Cyprus regarding money laundering risks related to virtual asset activities and virtual asset service providers (VASPs). The Ministry of Finance of Cyprus …
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Wells Fargo partners with HSBC to settle FX transactions using blockchain
Wells Fargo has partnered with HSBC to use its blockchain tools for the settlement of bilateral foreign exchange (FX) transactions. Wells Fargo would use the HSBC-developed FX Everywhere platform for interbank FX transactions. Developed by HSBC in 2018, the blockchain settlement platform is used primarily to settle transactions between banks within the HSBC group. The …
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Umbrella Network launches $15M oracle accelerator program
Decentralized oracle service Umbrella Network has launched a new accelerator program for projects looking to build data pipelines to the cryptocurrency market, a process that many within the industry believe is necessary to grow the emerging domains of blockchain gaming, DeFi and the Metaverse. The $15 million accelerator program intends to fund companies that are …
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