Bitcoin (BTC) starts a new week on familiar ground below $50,000, but anticipation is building for major disruption to begin. After a fresh push above $50,000 ended in rejection, BTC/USD is keeping traders guessing till the last when it comes to near-term price action — including the end-of-year close. With just two weeks to go, …
Continue reading “‘I think BTC is ready’ — 5 things to watch in Bitcoin this week”
Crypto exchange Binance has withdrawn its application with the Monetary Authority of Singapore (MAS) for a digital payment token (DPT) services license. Starting Dec. 13, Binance.sg has stopped onboarding new users and will not allow Singaporeans to deposit cryptocurrencies or fiat on the exchange. By Feb 13, 2022, Binance plans to “wind down” all services …
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BTC/USD May Lose $47k Support as Further Selling Is Imminent – December 12, 2021 On December 10, BTC/USD fell to the low of $47,051 as further selling is imminent .The $47,000 support has been the crucial support level. The bears have retested the current support on several occasions but fail to break below it. On …
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more › Crypto exchange Bybit is rewarding users who make deposits and trade on its exchange. Called the ‘Deposit Blast-Off,’ the promotion is currently ongoing and runs until Jan. 3, 2021 — rewarding new and existing …
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ConstitutionDAO is a true underdog story that gave the world an idea of what DAOs, a new form of blockchain-based community, can accomplish in the future. For those not familiar with the saga, here’s what happened. What is ConstitutionDAO? ConstitutionDAO was launched on Nov. 11 by a group of crypto enthusiasts as an attempt to …
Continue reading “ConstitutionDAO: The failed project that shook the crypto world”
sponsored Nested exchanges are becoming a popular tool for money launderers. Learn all about nested exchanges/services and what we’re doing to combat them as well as how to avoid them and why accounts get blocked or frozen because of them. Main Takeaways: A nested exchange provides crypto trading services through an account or wallet on …
Continue reading “Threat of Nested Exchanges and What Binance Is Doing to Combat Them”
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media. Former Financial Officials Hired by Major Korean Exchanges A growing number of officials in Seoul are vacating their …
Continue reading “Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals”
Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” he detailed. Noting that “Bitcoin appears to be on a trajectory for $100,000,” the analyst added that we are likely to see …
While the non-fungible token (NFT) economy has exploded in value, another sector of the NFT industry called fractionalization has seen immense growth. A bunch of projects today are dealing with fractional NFTs, which are basically NFT assets chopped into a number of pieces and shared among a community of holders. According to statistics on Sunday, …
Elon Musk has made himself known as an entrepreneur, eccentric personality, crypto investor as well as part owner and heavy endorsor of power-meme turned token, Dogecoin. He continues to continues to educate those on the wonders and dangers of crypto. Let’s take a look at the history of Elon musk and crypto, particularly with Dogecoin. …
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Analysts believe that a ‘wave of decentralization’ is approaching, thanks to exponential growth in blockchain adoption across the globe. Multiple sectors, particularly the financial ones, are converging to adapt the underlying technology behind cryptocurrency, aka ‘blockchain.’ Interestingly, the federal authorities are certain about blockchain adoption, but they are wary of crypto as an investment class. …
Continue reading “Adoption of Crypto & Blockchain Goes Way Beyond Financial Markets”
Next Earth, a replica of Earth built on the blockchain, announced that it has donated 330 BNB (around $204,000 USD) to environmental causes from contributions made in November. The donation was made via a voting DAO (Decentralized Autonomous Organization), in which landowners vote on which charities to donate to. The percentage of each vote corresponds …
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Galaxy Digital’s Mike Novogratz remains bullish on Bitcoin (BTC) despite the flagship cryptocurrency’s lackluster performance over the last few weeks. In a new interview on CNBC, Novogratz explains why Bitcoin is not trading as well as Ethereum (ETH) right now. “If you look at the Ethereum price, Ethereum still trades bullish. People see Ethereum as …
Scalability on the Ethereum (ETH) network has been a point of contention within the cryptocurrency ecosystem for years, primarily due to high fees and network congestion during periods of peak demand. The latest solution to emerge as the final fix to Ethereum’s scalability woes are Zero-knowledge rollups (ZK rollups), a form of scaling that runs …
Continue reading “ZK-rollups step into the limelight after the quest to scale Ethereum evolves”
Audius, a blockchain-powered, decentralized music streaming service, has recently announced integration with DeFi Land, a multi-chain agriculture simulation web-game. The partnership will allow users to stream any of the millions of tracks in the Audius library while playing. Audius, which has its own crypto token, AUDIO, is owned and run by an open-source community of …
