Popular crypto analyst and trader Benjamin Cowen is looking at the prospects of Bitcoin (BTC) as the leading cryptocurrency continues to trade below $50,000. Cowen notes to his 679,000 YouTube subscribers that BTC is currently well below its bull market support band, a technical indicator that’s a combination of the 20-week simple moving average (SMA) …
Monthly archives: January 2022
Former First Lady Melania Trump congratulates Bitcoin on 13th birthday
Shortly after launching her own nonfungible token (NFT) project last month, former First Lady of the United States Melania Trump gave a shout out to Bitcoin (BTC) on Twitter. On Monday, Mrs. Trump wished Bitcoin a happy birthday. The world’s largest cryptocurrency marked its 13th anniversary on Jan. 3. It is widely reported that Bitcoin’s market cap …
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Bitcoin exchange balances trend back to historic lows as BTC withdrawals resume in January
Bitcoin (BTC) exchange reserves are back near record lows as 2022 sparks renewed appetite among buyers. Data from on-chain analytics firm CryptoQuant shows reserves across 21 exchanges at 2.308 million BTC as of Jan. 4. Exchanges return to overall BTC balance downtrend Late December saw a macro low of 2.303 million BTC left on exchanges’ …
OpenSea NFT trading volume surges as Bored Ape mania intensifies
NFT trading volumes on OpenSea are surging in January amid a renewed speculative frenzy on Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). According to data posted by “rchen8” on Dune Analytics, OpenSea has generated more than $700 million worth of trading volume since the start of 2022, with Jan. …
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SBF ‘optimistic’ about institutional crypto adoption in 2022
FTX crypto exchange founder Sam Bankman-Fried is optimistic that clarity provided by regulators around the world will stimulate institutional adoption rates for crypto this and subsequent years. In a Jan. 3 interview with Bloomberg, SBF talked about crypto regulations, institutional adoption, and the Metaverse. Despite the rocky end to 2021 for markets, SBF is “optimistic” …
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Grayscale rebalances DeFi Fund dropping Balancer (BAL) and UMA
Crypto asset manager Grayscale Investments has rebalanced its Grayscale DeFi Fund and adjusted weightings of its Digital Large Cap Fund. A Jan. 3 announcement detailed the changes Grayscale made to its two funds. The DeFi Fund’s weightings have been rebalanced with AMP, the native collateral token of the Flexa payment network being added, while Bancor’s …
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The first usable Cardano DeFi dApp goes live, and it’s not SundaeSwap
Data aggregator DeFi Lama adds Cardano marking the start of the project’s foray into decentralized finance. This happened thanks to an under-the-radar DeFi offering going live at the beginning of the new year. Recently, Cardano has been feeling the heat over its lack of useable dApps. Critics say it’s been around four months since the …
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The Estonian government is not banning crypto, but drafts legislation to tighten regulation
Estonian Ministry of Finance released an official clarification of the recently submitted draft legislation that stirred up rumors about a possible ban on cryptocurrencies. According to the rebuttal, the bill, which still needs to undergo three parliament readings, was drafted and submitted in a bid to tighten the existing crypto service providers licensing, and will …
What’s going on with Bored Ape Yacht Club NFTs?
Although Bored Ape Yacht Club (BAYC) NFTs launched in April 2021, a flurry of recent activity has pushed the collection firmly back into the collective crypto consciousness lately. A string of celebrity owners, a tie-in with Adidas, not to mention a current floor price of 72.5 ETH ($277k), makes it one of the most successful …
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Italy’s top private bank Banca Generali to allow users to buy Bitcoin
Over 300,000 customers of Banca Generali will be able to purchase and hold Bitcoin this year. The feature was enabled through the bank’s partnership with cryptocurrency platform Conio, which will be integrated into Bance Generali’s Home Bank application. Bitcoin trading is coming to Banca Generali According to a recent report from We Wealth, Banca Generali’s …
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Retail Giant H&M Debunks Rumor of Store Opening in Metaverse, Collaboration With Ceek
Major fashion company H&M has denied the rumor that it is opening a store in the metaverse. According to false reports, customers could walk through the store and purchase products in the Ceek metaverse. H&M Denies Metaverse Rumor and Collaboration With Ceek Several major publications reported Monday that retail clothing giant H&M has opened a …
CFTC Fines ‘Decentralized’ Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets
The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,’” said the derivatives regulator. CFTC Takes First Crypto …
A Fast-Growing Association of Helium Mining on Radio Network With Helium Rent
January 3, 2022 – Hong Kong, Hong Kong Last year, the HeliumRent team concentrated on distributing their hotspot capacities to their customers via the Helium.rent platform. The company has been working in the radio network business for several years and has been able to build structures all over the world. The existing radio stations make …
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DYP Founder Purchases a BAYC NFT Ahead of the DYP PAW NFT Collection Launch
January 3, 2022 – Bucharest, Romania A Twitter post by the DeFi Yield Protocol’s CEO and founder, Mihai Nicusor Busica, revealed his purchase of an NFT from the Bored Ape Yacht Club collection on January 3, 2022. The Bored Ape Mihai acquired is number 1,112, which he paid a whopping 80 ETH for – equivalent to $304,000. …
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Coinbase exec says major Ethereum scaling improvements coming soon
Coinbase Chief Product Officer Surojit Chatterjee is the latest to publish his predictions for the crypto industry in 2022 and he foresees major advances in the scaling of Ethereum. Industry leaders, analysts, and investors are sharing their 2022 predictions for the crypto ecosystem, and Coinbase’s Surojit Chatterjee is confident that Ethereum will be at the …
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