A closely-followed crypto strategist is predicting strong rallies for a pair of altcoin projects. Pseudonymous analyst Altcoin Sherpa tells his 170,000 Twitter followers that he sees the smart contract platform Algorand (ALGO) surging almost 60% from its current value of $0.81. “ALGO looks good so far and continuing to move off this support area.” Source: …
Monthly archives: March 2022
Bitcoin dips 3.6% from weekly highs — What are the key BTC price levels to watch?
Bitcoin (BTC) threatened a significant retracement overnight into March 23 as weekly highs saw their first test. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC misses out on “very bullish” daily close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping from a peak of $43,337 to lows of $41,779 on Bitstamp before recovering. At …
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El Salvador postpones Bitcoin bonds to September: Report
The government of El Salvador has reportedly decided to postpone the issue of a Bitcoin (BTC)-backed bond due to the unfavorable market conditions fueled by the geopolitical crisis. El Salvador’s “Volcano Bond” will not go live in March as the Salvadoran government expected previously, finance minister Alejandro Zelaya said in an interview with a local …
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Thailand SEC bans crypto payments, seeks disclosure of system failure from exchanges
In an ongoing effort to carve out a regulated crypto market for the general public, the Thailand Securities and Exchange Commission (SEC) announced a ban on the use of cryptocurrencies for payments. Parallelly, the Commission proposed a new rule that demands disclosure of service quality and IT usage information from crypto businesses including brokers, exchanges …
US Bitcoin mining firm turns to harmful coal waste for cleaner energy
Stronghold Digital Mining (SDIG), a crypto mining company in Pennsylvania, is turning waste from old power plants into energy to power hundreds of Bitcoin mining rigs. The company collects coal refuse, a leftover waste material from the process of coal mining, and burns it in what it says is an emissions-controlled environment at its energy …
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Twitter Launches Verified NFT Profile Pictures
HodlX Guest Post Submit Your Post On January 20, 2022, Twitter launched a new non-fungible token (NFT) feature for its Twitter Blue users – a paid subscription service that gives its users access to premium services. This includes editing published tweets, posting longer videos, reading news without advertisements and more. Twitter Blue will allow people to …
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Animoca Brands targets social media giants in latest Web3 expansion plans
Animoca Brands co-founder and chairman Yat Siu stated that his firm will continue to “shepherd companies into Web3” to speed up the evolution of the internet into an open Metaverse. Siu has long advocated for the broader concept of an open Metaverse as opposed to a closed one that is dominated by large centralized Web2 …
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How NFTs create a ‘beautiful cycle’ between artists and fans
The nonfungible token art industry has developed into a “beautiful cycle” thanks to the connection artists have with their fans according to artist Danielle Weber who spoke at the Australia Blockchain Week conference. Weber spoke on a March 23 panel discussion titled “Pushing the boundaries of NFT utility and art – Homegrown spotlight” about the …
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Crypto investor Katie Haun raises $1.5 billion for Web3 venture fund
Katie Haun, crypto investor and board member for Coinbase and OpenSea announced that she had raised $1.5 billion for her new fund, Haun Ventures. On Tuesday, March 22, Haun posted an article on Twitter, briefly introducing the firm and sharing that the funds would be used to invest in Web3 projects. Introducing @HaunVentures, a firm …
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Qantas announces NFT collection and becomes the second airline offering NFTs
Australian airline provider Qantas recently announced that they were planning an NFT drop to their frequent flyers. This is not surprising as NFTs have spread to fields other than art, such as music or even Instagram. As exciting as it sounds, Qantas wasn’t the first airline company that stepped into NFTs. AirBaltic Latvian airline AirBaltic released …
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Honduras signals intent to follow neighboring El Salvador in making Bitcoin legal tender
Honduras may be the next country to adopt Bitcoin as legal tender – a move that would rock the legacy establishment. Bitcoin-bull Max Keiser initially floated rumors of this happening in a tweet posted last Friday. It read “It’s happening..,” accompanied by a picture of the Honduras flag. According to Bitcoin LightningNetwork+, the President of …
Paris Saint-Germain Soccer Club Files Trademark Application to Get Into the Metaverse and NFTs
The PSG (Paris Saint-Germain) FC, a soccer club in Europe, has taken its first steps to building an online presence in the metaverse. The club has filed a series of trademark applications to register its name in order to offer a number of services, including software, memorabilia, and articles linked to non-fungible tokens (NFTs) for …
BitYard Officially Partners With Mercuryo to Enhance Crypto Payment Solutions
press release PRESS RELEASE. Mercuryo is an international fintech company based in London founded in 2018, focused on providing cryptocurrency payment solutions. The company’s cryptocurrency infrastructure provides global access to fast and cheap money transfers with a bank-level oversight and it’s mission is to reinvent the ease of making digital transactions. Features Of Mercuryo: Integrated …
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DBS CEO Sees Crypto as an Alternative to Gold — Says Central Banks Globally Should Regulate Cryptocurrencies
The CEO of Southeast Asia’s largest bank, DBS, says cryptocurrency “can be an alternative to gold.” He added that regulating crypto “out of the formal banking system is an unwise thing to do.” DBS’ CEO on Cryptocurrency and Regulation DBS Bank Group CEO Piyush Gupta talked about cryptocurrency and its regulation at the recent Economic …
ECB Chief: Cryptocurrencies Are ‘Certainly’ Being Used to Circumvent Russian Sanctions
The European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime. ECB President Lagarde Is Certain About Crypto Being Used to Evade Russian Sanctions Christine Lagarde, president of the European Central Bank (ECB), said Tuesday at the Bank …