The popular forum and news aggregation web portal Reddit has revealed the firm’s Community Points beta program where Reddit users can “own a piece” of their community with “custom tokens” for subreddits. Blockchain-Backed Reddit Community Points: ‘The First Step Towards a Different Future for Online Communities’ At the end of July, Reddit announced that the …
Yearly archives: 2021
Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial
Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms. France and Switzerland Explore Direct Transfer of Euro, Swiss Franc Wholesale Digital Currencies …
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Ethereum-Based Altcoin Jumps After Surprise Listing on Crypto Exchange Binance
An Ethereum-based governance token is surging after being listed on crypto exchange giant Binance. In a new announcement, Binance says that the native governance token of Biconomy (BICO), a network that offers plug-and-play relayer infrastructure to developers and aims to economically connect users on decentralized applications (DApps) across different blockchains, will now be available for …
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Here’s What’s Next for Bitcoin and the Altcoin Markets After Rough End to 2021, According to Top Analyst Michaël van de Poppe
Crypto analyst Michaël van de Poppe is making a series of bold predictions for Bitcoin (BTC) and the overall crypto markets as 2021 comes to a close. Van de Poppe tells his 524,800 Twitter followers that Bitcoin has already touched a crucial “make it or break it” area of support. “Chop, chop, chop it is …
Cryptocurrency Regulatory Initiatives Announced As Australia’s Treasurer Kicks Off Payments System Overhaul
The head of Australia’s Treasury Ministry, Josh Frydenberg, is promising comprehensive reforms in the payments and cryptocurrency sectors. The Treasurer says that, in about six months, the Australian government expects to have completed consultations on a licensing or a regulatory framework for cryptocurrency exchanges and providers of cryptocurrency custody services. “In relation to crypto, by …
SYN CITY Ranks As Number One Collection Amid Successful Binance IGO
December 9, 2021 – Singapore, Singapore SYN CITY, the first-ever mafia-themed metaverse game on the blockchain, has broken new records this week with the listing of their in-game tokens and assets in what has become one of the most successful IGOs to date. SYN CITY launched its IGO on the Binance NFT platform, with various …
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Stacks’ Mitchell Cuevas talks building integrated DeFi bridges for Bitcoin users
The Stacks ecosystem is a collection of independent entities, developers and community members working to build a user-owned internet on the Bitcoin (BTC) blockchain. Stacks’ STX cryptocurrency was distributed to the general public through the first-ever Securities and Exchange Commission-qualified token offering in the United States. Mitchell Cuevas, head of growth for the Stacks Foundation, …
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Microsoft leads startup Palm NFT Studio’s $27M series B round
Crypto startup Palm NFT Studio announced a Series B raise of $27 million on Thursday led by Microsoft’s venture fund M12. Palm NFT, cofounded by ConsenSys founder and Ethereum co-founder Joseph Lubin, provides strategic and technical services for creators to build nonfungible token (NFT) marketplaces. Other major backers include Griffin Gaming Partners, RRE, Third Kind Venture …
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Analysts say Bitcoin’s behavior at $47.5K mirrors the pre-breakout 2017 market
Crypto markets tanked again after Bitcoin (BTC) price slipped to $47,500 on Dec. 9, but most analysts agree that the price is destined to remain in the $40,000 to $55,000 range until the holiday season has passed. BTC/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that the early morning defense of …
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Crypto Biz: Smart money ignores BTC price correction as $800M set to flow into blockchain startups, Dec. 9
Bitcoin’s (BTC) return to sub-$50,000 levels has many market participants fretting over the legitimacy of their favorite price models. For venture capitalists and other smart money investors, the latest decline is nothing but noise. Instead, they see the emergence of an entirely new economy that is transforming business, redefining monetary value and pushing the internet …
Bitcoin (BTC) Price Prediction: BTC/USD Approaches Support at $47k as Bitcoin Risks Deeper Correction
BTC/USD on the Verge of Breakdown as Bitcoin Risks Deeper Correction – December 9, 2021 BTC/USD is confined between $47,000 and $52,000 price levels as Bitcoin risks deeper correction. Yesterday, the BTC price corrected upward to the high of $51.970 but was resisted. Today, Bitcoin is falling to the downside but it is holding above …
Bitcoin Price Prediction: BTC/USD Falls Back Below $11,500 Following Rejection
Bitcoin Price Prediction – December 9 The Bitcoin price prediction now focuses on downtrends as the short-term crypto market uptrend seems over according to the daily chart. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $55,000, $57,000, $59,000 Support Levels: $44,000, $42,000, $40,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD falls below …
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MicroStrategy purchases $82M in Bitcoin, now holds 122,478 coins
Business intelligence firm MicroStrategy has added 1,434 Bitcoin to its coffers after purchasing the crypto asset at an average price of $57,477. According to a Thursday filing with the Securities and Exchange Commission, MicroStrategy purchased 1,434 Bitcoin (BTC) between Nov. 29 and Dec. 8 for roughly $82.4 million, making its total holdings 122,478 BTC. With …
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SushiSwap CTO resigns citing internal structural chaos
Late Wednesday, Joseph Delong, chief technology officer of SushiSwap, the thirteenth largest decentralized exchange, or DEX, by trading volume, tendered his immediate resignation from the role. Explaining his decision, Delong gave the following statement: “I wish Sushi the best and am saddened that Sushi is so imperiled within and without. The chaos that is occurring …
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Semiotic AI granted $60 million by the Graph Foundation to support ecosystem growth
The Graph Foundation has announced a $60 million eight-year funding grant to Semiotic AI in a bid to expand the start-up software firm’s research and development capacity in the sectors of cryptography and artificial intelligence. Specifically, the partnership will focus on building the architecture required for automated and verifiable indexing and querying on the Graph, …