Bitcoin Pushes on the Upside as Bitcoin Reclaims $40k High – February 4, 2022 BTC/USD has rebounded above the $37,000 support as Bitcoin reclaims $40K high. The bulls have cleared the $38,000 and $39,000 resistance levels. The largest cryptocurrency is expected to reach the next resistance at $44,000. Meanwhile, Bitcoin is trading at $40,395 at …
Monthly archives: February 2022
Crypto Philanthropy Explodes in 2021 As Bitcoin Loses Most-Donated Digital Asset Crown to This Coin: Report
Cryptophilanthropy exploded last year despite a lack of regulation, according to a company that helps nonprofits leverage crypto. The Giving Block says in a new 2021 annual report that their total donation volume last year skyrocketed to more than $69.44 million, an increase of 1,558% compared to 2020. The annual report examines fundraising data from …
AlphaWallet Exceeds 500 Forks To Become the Most-Forked, Fully Open-Source EVM Wallet
February 4, 2022 – Sydney, Australia Developers across the Ethereum ecosystem are using AlphaWallet as the basis for secure, flexible wallets for a wide range of assets and use cases in web 3.0. Smart Token Labs announces that AlphaWallet has been publicly forked over 500 times, becoming the most-forked, fully open-source EVM wallet. Developers around …
MicroStrategy Could Lend out Its Massive Bitcoin Stash for Yield, Says CEO Michael Saylor – But There’s a Catch
MicroStrategy CEO Michael Saylor says that the enterprise software firm is considering lending out its massive Bitcoin (BTC) holdings to earn income. In a 2021 fourth-quarter earnings call, Saylor says MicroStrategy currently has over 100,000 Bitcoin that could be deployed to generate yield or for Bitcoin-backed bonds. “So, 110,000 Bitcoin would be the asset that …
US lawmakers issue warnings about digital yuan as Winter Olympics kicks off
With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at the events. According to a Friday report from Reuters, Pennsylvania Senator Pat Toomey sent a letter to Secretary of State Antony Blinken …
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A “unifying Web3 platform” will onboard 1 billion users by 2026, says Harmony COO
Li Jiang, chief operating officer at Harmony, believes that a bridge connecting all existing blockchains is key to onboard the first 1 billion users on Web 3. “We think that the future is multichain and cross-chain, that you should be able to move assets very easily from one chain to another, with good prices, with …
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Bitcoin returns to $40K, liquidating over $50M of shorts in hours
Bitcoin (BTC) returned to $40,000 for the first time in two weeks during Feb. 4 as Wall Street volatility proved a boon for BTC bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Liquidations mount for BTC shorts Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly jumping past the $40,000 on Feb. 4, just two …
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Majority of US consumers say no to Meta owning metaverse data: Survey
A survey of 1,000 United States consumers around growing interest in the metaverse has revealed some interesting results. In a survey commissioned by nonfungible token and metaverse infrastructure provider Advokate Group, 87% of respondents preferred a decentralized metaverse on a blockchain over some of the mega projects planned by tech giants. This became more evident …
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Lucky Block Lists on Liquid 7th February in Asia Breakthrough
Lucky Block, the lottery platform that launched on PancakeSwap just a week ago, will list on the Liquid exchange on 7 February, CEO Scott Ryder announced in a Telegram post. Liquid Group has a substantial footprint in Japan and a 24-hour trading volume of $136 million, according to Coinmarketcap. Lucky Block breaking into Asia It …
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Florida to become home of the first US real estate NFT in Propy Auction
Taking real estate and mixing it with the world of NFT technology is a recipe for industry transformation. NFTs have now established a new way to represent proof of ownership and this doesn’t just apply to digital goods. Last year TechCrunch Founder Michael Arrington’s Kyiv Apartment made history as his property sold for nearly 5x …
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The demise of high APY DAOs show they aren’t the future of money
Who wants 3,000,000% APY? The answer is everyone, and that’s precisely the appeal of high APY DAOs. But recently, Reddit user rayjaywolf pointed out that almost all (significant) high APY DAOs are 90%+ down from their all-time highs. According to the figures, the biggest loser is R U Generous, down 99.8% from its $2,041 ATH. …
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Report: How Coinbase profits from its coin listings
A Financial Times report has revealed that Coinbase has listed up to 20 cryptocurrencies without revealing that it was holding a financial position in those assets. Coinbase listing pushes value of assets it has financial interest in higher According to the report, a newly listed coin tends to see its price-performance surge on its listing …
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Super Bowl jumps on the NFT bandwagon with 2022 tickets sold as NFTs
The National Football League will be giving a special gift to its Super Bowl fans. The NFL will provide virtual tickets to the attendees of the Super Bowl as commemorative NFTs to celebrate the advent of Super Bowl LVI starting from February 13th, 2022, in Los Angeles. Super Bowl to offer virtual tickets as NFTs …
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60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’
Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal A petition has been initiated on Change.org for the government of India to “introduce reasonable crypto tax …
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, usd coin (USDC) saw its market capitalization jump the most, increasing 18.9% during the last 30 days. The …
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