Gains in cryptocurrencies slowed down on hump-day, as bitcoin and ethereum prices hit resistance levels. ETH fell below the $3,000 level, with BTC falling below its long-term ceiling of $42,500 during today’s session. Bitcoin The global crypto market cap was 0.69% lower as of writing, as gains in BTC eased on Wednesday, and prices encountered …
Monthly archives: March 2022
Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays Possible
The treasury minister of El Salvador, Alejandro Zelaya, has informed about the future of the issuance of the bitcoin bonds and the possibility of these being issued by La Geo, the national geothermal power company. Zelaya also referred to the day of issuance of these instruments, hinting at a possible delay that would see the …
DEXs and KYC: A match made in hell or a real possibility?
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. The White House came out with an executive order on regulating crypto recently. Across the sea, European legislators defeated a …
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‘Satoshi Island’ crypto utopia receives 50K citizenship NFT applications
Step aside, El Salvador, there’s a new Bitcoin-centric destination on the map. As a 32-million-square-foot private island sanctuary in the remote South Pacific, Satoshi Island is a “place for the crypto community to call home.” A combination of honeymoon getaway, Bond-villain hideout and naturalist paradise, there’s one enigmatic exception to Satoshi Island: it’s 100% crypto. …
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Terra may be about to repeat $125M BTC buy that sparked Bitcoin’s run to $43.3K
Bitcoin (BTC) could be set for a repeat of this week’s run to weekly highs after Blockchain protocol Terra appeared set to buy another $125 million of BTC. A wallet thought to belong to Terra but not officially confirmed to be under its control sent another 125 million Tether (USDT) to Binance on March 23. …
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US investment bank Cowen launches dedicated crypto division
Cowen initially announced plans to move into the crypto custody business in May 2021, entering a partnership with Standard Custody and Trust Company. Cowen, a major American independent investment bank, has officially launched a dedicated cryptocurrency and digital asset division. Called Cowen Digital, Cowen’s new business is designed to offer full-service trade execution and custody …
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Pancakeswap vs Uniswap – Compare Them Side-by-Side
Today we compare two outstanding DApps: leading AMM on the Ethereum blockchain – Uniswap and most popular Binance Smart Chain DEX – PancakeSwap. Uniswap and Pancakeswap: Difference, What to choose? The world of cryptocurrencies can be quite confusing. Nothing is exactly the same as in traditional financial technologies. There are no banks, but there are …
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Asia Still Dominates Selling Pressure On Bitcoin, Glassnode Reports
According to blockchain analysis platform Glassnode, Asian markets are still reluctant to buy Bitcoin and other digital assets, despite the marginal crypto price recovery recorded over the past few weeks. On-chain activity and Bitcoin network utilization remain strongly within the bear market territory, although it’s gradually recovering. EU And US Dominate Bitcoin Sell Pressure The …
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Do Kwon Unveils Plan To Increase UST’s Bitcoin Reserves To $3 Billion
Terraform CEO Do Kwon revealed plans to add $3 billion to UST’s Bitcoin reserve Luna Guard Foundation has already raised $2.2 billion to bolster UST’s BTC reserves. Terraform CEO Do Kwon took to Twitter to unveil plans of increasing UST’s Bitcoin reserves to $3 billion. Do Kwon, in a series of tweets posted on Tuesday, …
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GameStop NFT Marketplace Beta Launches on Loopring
The beta version of GameStop’s NFT marketplace has gone live on Loopring L2. The marketplace will use the zk-Rollup technology to power its transactions, allowing trades at low cost and high speed. GameStop will focus on attracting developers and players to use its marketplace, with the aim of becoming a hub for digital economies. GameStop’s …
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LRC Gains Over 40% as GameStop Taps Loopring for NFT Marketplace
Global video gaming retail giant GameStop has officially stepped into the non fungible token (NFT) space with the beta launch of its marketplace. The project is built using the Ethereum layer 2 solution Loopring. Also, the news triggered a massive surge in LRC and GME market prices. According to a medium article published on Wednesday, …
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The Week Begins: All Eyes On Ethereum
More than 2 million Ethereum, worth around $5.8 billion, was reportedly burnt since the last update. The burns started following Ethereum Improvement Proposal 159, or EIP 1559, from the London hard fork. EIP 150 does not limit the total supply of Ether, instead, kicking off a mechanism that destroys an amount of Ether in circulating …
Bridgewater Assets to Add Crypto Fund
Ray Dalio, the founder of Bridgewater Assets, has called Bitcoin a “great accomplishment,” and his hedge fund believes institutional investors will adopt it in the coming years. Months after its billionaire founder Ray Dalio admitted that he owns Bitcoin, the world’s largest hedge fund is apparently intending to start obtaining exposure to cryptocurrencies. According to …
Grayscale Announces Smart Contract Platform Fund for ETH Rivals
Grayscale’s new fund invests in seven smart-contract cryptocurrencies but excludes Ethereum. The Grayscale Smart Contract Platform Ex-Ethereum Fund has been formed by Grayscale, a well-known cryptocurrency asset management. Aside from Ethereum, the fund has exposure to a number of cryptocurrencies that support significant smart contract networks. Smart Contracts Investment According to a news statement issued …
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Top 5 Solana Based Metaverse Coins
Solana has been a platform that has seen growing popularity recently as more and more crypto enthusiasts seek to explore it as an alternative to the Ethereum blockchain. Solana has a cryptocurrency named SOL and is one of the best blockchains to develop games due to its incredibly high speed of 50,000 transactions per …