Investors in the blossoming metaverse sector are comparing the new digital realm to prime New York real estate hundreds of years ago. In a report from Markets Insider, Lorne Sugarman, CEO of virtual real estate company Metaverse Group, explains his logic behind paying serious money for buying plots of digital land on virtual reality platform …
Yearly archives: 2021
Law Decoded: A different Congress hearing, Dec. 6–13
The biggest regulatory story of the week was a United States House Committee on Financial Services hearing squarely focused on crypto. Even the event’s title — “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States” — conveyed a different vibe than countless previous Congressional meetings …
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Look out below! Analysts eye $40K Bitcoin price after today’s dip to $45.7K
On Monday, Bitcoin’s short-term outlook worsened after the price fell to an intra-day low at $45,672, a far cry from the weekend’s promising rally above the $50,000 level. With the year nearly complete, and all-time highs nearly 33% away, traders are most likely readjusting their expectations and pushing the $100,000 BTC target a bit further …
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Bitcoin Price Struggles but Adoption Continues, BNB, NEAR, Dec. 13
Bitcoin was lower on the week but Whatsapp teased a new use case. BNB could get a lift from Shopify. NEAR rises with MoonPay listing. BTC The Bitcoin price was lower again this week by 2.7% as the market-leading cryptocurrency continues to struggle. BTC Price Index The coin actually hit a new landmark this week …
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Bitcoin Price Prediction: BTC/USD Approaches New Support at $46,000
Bitcoin Price Prediction – December 13 The Bitcoin price prediction is now showing signs of market correction as its price plans to move below $46,500. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $55,000, $57,000, $59,000 Support Levels: $40,000, $38,000, $36,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is currently trading below …
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This 19th-century playing card company is launching an NFT collection
Who would believe that a company established in 1885 would get into the blockchain space? The playing cards manufacturer Bicycle has launched its first NFT collection named “Genesis Collection” on the NFT marketplace Kolectiv on December 9th. “At Bicycle, we’re a heritage brand that has been at the forefront of playing cards for over 135 …
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Stablecoins collateralize $7.2 billion worth of Bitcoin futures
There is no doubt that stablecoins are playing an integral role in the booming crypto industry. In fact, the industry has seen tremendous growth in this year largely due to the fact that it helps to plug the world’s demand for dollars with both its ease of accessibility and cost-efficient features. Stablecoins are being used …
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How a $300,000 Bored Ape NFT was sold for $3000
Mistakes can be very costly especially in a space like crypto where everyone is looking to maximize profit. One mistake could lead to the loss of millions for one person while resulting in enormous gains for another. This is the bitter lesson an erstwhile holder of a Bored Ape Yacht Club (BAYC) NFT learned as …
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Shopify CEO Tobi Lütke cops tobi.eth ENS for 30 ETH
Tobi Lütke, CEO of e-commerce giant Shopify, bought ENS domain name tobi.eth for 30 ether. Shopify CEO Tobi Lütke has, according to a post on Twitter, purchased the ENS domain name tobi.eth for the handsome sum of thirty ether ($ETH), about $122,000 at the time of writing. Information about the deal was posted by the …
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Robinhood Turns to Chainalysis to Boost Compliance Ahead of Crypto Wallet Launch
Popular trading platform Robinhood has partnered with blockchain data platform Chainalysis to meet compliance requirements. Robinhood is preparing to launch its wallet, which has a waitlist of more than 1.6 million users. Robinhood Partners With Chainalysis for Compliance Blockchain data analytics firm Chainalysis announced Monday “an integrated partnership with online brokerage app Robinhood Crypto.” The …
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The First of Its Kind Metachain Project, ShuttleOne Joins Tezos Protocol
press release PRESS RELEASE. ShuttleOne, the latest project to embrace Tezos, to soon drive adoption and liquidity while resolving blockchain fragmentation. Singapore: Tezos, the highly scalable, self-amending proof of stake blockchain protocol is opening its arms to ShuttleOne – a one of its kind Metachain solution aimed at addressing the fragmentation issues in the crypto …
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Economist Mohamed El-Erian Says Fed’s Characterization of Inflation as ‘Transitory’ the ‘Worst Call in History’
On Monday, December 13, following Friday’s U.S. consumer price index report published by the Bureau of Labor Statistics, Americans are discussing the Federal Reserve. Thousands of tweets concerning the Federal Reserve topic have been trending on Twitter, as inflation has gripped the U.S. economy. Furthermore, Mohamed El-Erian, the chief economic advisor for the German multinational …
90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC
On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation. Currently, Bitcoin’s inflation rate per annum is around 1.88%, which is lower than the central banks’ traditional 2% target reference. Furthermore, in 875 days, the network’s inflation rate is expected to …
The Fourth Phemex Trader’s Arena Competition Is Open With a Prize Fund of Up to $750,000
On November 25, 2021, Phemex celebrated two years of existence. To celebrate this milestone, Phemex launched the fourth edition of its ‘Phemex trader’s arena’ trading contest. The world-class Singapore-based digital asset derivatives exchange is encouraging teams to compete for a gargantuan $750,000 prize pool. This is a significant appeal to all the traders ready to …
Top Crypto Analyst Says Mania Phase Incoming for Bitcoin As BTC Follows Famous Stock Chart Pattern – Here’s His Target
A popular crypto analyst and trader is saying that Bitcoin is due for a steep rally to the six-figure level as BTC follows a widely-known pattern in the equities market. Crypto strategist Kevin Svenson first suggested the three peaks and a domed house pattern in June while Bitcoin was struggling to hold $30,000. At the …