Bitcoin and ETH were once again consolidating to start the week, despite bullish comments from Elon Musk. In a tweet earlier today, Musk said: “I still own & won’t sell my Bitcoin, Ethereum or Doge.” Although prices marginally rose, they remain close to recent support levels. Bitcoin The world’s largest cryptocurrency rebounded from its support …
Monthly archives: March 2022
More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols
In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to …
Strategy and Space Gamers Get Their Own Play-to-Earn Metaverse Full of Cool NFTs — DEEPSPACE (DPS) Alpha Review
Space, the final frontier. The long and exciting journey through vast, dark, deep space with a fleet of your own. The release of the alpha version of the play-to-earn metaverse game DEEPSPACE (DPS) opens up a brand new chapter of the metaverse world for all those who love space exploration, fleet building and formation, and …
Bitfarms Buys Land to Open New Mining Facility in Canada
Bitfarms, a corporate player in the bitcoin mining world, has announced a new acquisition of land and a facility in Canada. The purchased land is located in Sherbrooke, Quebec, and according to a press release issued by the company, it will serve to replace one of the other facilities the company has in the country. …
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Elon Musk Cryptocurrency – 5 Coins that Could Explode Next
Elon Musk remains one of the most vocal voices regarding crypto. The billionaire industrialist has built a reputation for being an ardent crypto supporter, and several Elon Musk coins have blown up over the past year. These Elon Musk coins are especially attractive investments right now, and investors will want to keep an eye out …
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Lucky Block ERC20 and BEP20 Tokens Set To Boost Adoption and Price
Today the Lucky Block team revealed the nature of the changes to its token that it is planning to make to solve the issue of maintaining its tax system while speeding listings on centralised exchanges. Lucky Block will have two tokens linked by a bridge to maintain price parity across the two versions. The elegant …
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Almost all $100k and larger transactions are made by institutional players
As per data from IntoTheBlock, institutional investment accounts for the vast majority of bitcoin transactions exceeding $100,000. According to the IntoTheBlock report, institutional interest in cryptocurrencies has increased since late 2020. The percentage of institutional transaction volume never falls below 90%. Paypal and Tesla have been dipping their toes into the bitcoin pool from mid-2020, …
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Steve Andler: Blockchain technology and crypto payments could be beneficial for Austin
After the central committee pronouncements, Texas’ capital city, Austin, plans to complete the first quarter of the year with a roar. According to sources, local authorities discussed their plans to embrace the Blockchain network and cryptocurrencies. They have shown interest in other decentralized technologies too. In reaction to the disclosure of what blockchain technology and …
Analyst Michaël van de Poppe Predicts Bottoms for Terra (LUNA), Polygon (MATIC) and Fantom (FTM)
Popular crypto analyst Michaël van de Poppe says he expects three of the largest altcoins by market cap to continue correcting before they establish a local bottom. Starting with decentralized finance (DeFi) payment network Terra (LUNA), Van de Poppe tells his 575,800 Twitter followers that he sees the seventh-ranked altcoin pulling back down to $70 …
Bitcoin tracks $39K ahead of Europe vote on Proof-of-Work legality
Bitcoin (BTC) stayed steady at $39,000 into March 14’s Wall Street close as stocks took the opportunity to reclaim some losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bulls need “miracle” $40,600 reclaim Data from Cointelegraph Markets Pro and TradingView showed BTC/USD unmoved at the opening bell on March 14. The pair had rebounded from a …
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Financial future or false promises? Crypto firms go big on ads in 2022
Advertisements are in abundance everywhere we go — from billboards seen throughout road trips to commercials displayed every fifteen minutes or so during television shows. It’s also the case that most advertisements today display messages from major internet-based brands like Amazon, which was ranked as the largest advertiser in the United States in 2020. Telecommunication …
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No crypto for criminals: Coinjoin BTC mixing tool to block illicit transactions
CoinJoin, a popular Bitcoin (BTC) mixing tool, will block transactions associated or flagged as illegal. The announcement came from the official Wasabi Wallet Twitter account, of which Coinjoin is a part. The zkSNACKs coordinator will start refusing certain UTXOs from registering to coinjoins. pic.twitter.com/X3kBuQwieO — Wasabi Wallet (@wasabiwallet) March 13, 2022 The official announcement noted …
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The Big LUNA bet: Terraform Labs Co-Founder Do Kwon Accepts $10M & $1M Bets on LUNA
Summary: Terra Cofounder Do Kwon accepted a bet on LUNA’s price. Sensei Algod bet $1 million that LUNA’s price would be lower than its current value a year from now. A $10 million bet followed, from GCR another trader and twitter user. LUNA’s price has been rising exponentially in recent months and has been the …
Magic Eden To Announce A Funding Round Worth $27 Million Involving Sequoia And Other Investors: Report
Summary: Magic Eden, a Solana based NFT marketplace is planning to announce a $27 million fund on Monday The funding round may reportedly include investors such as Sequoia Capital and Greylock The funding round may help Magic Eden beat OpenSea by being the first to introduce Solana NFTs. Magic Eden, a leading NFT marketplace built …
Next Cryptocurrency to Explode
The crypto market faces the bears as the bulls try to force their way back into the fray. The nascent industry is down 0.76% wat press time ith $1.73 trillion in total value locked (TVL). However, this presents an ideal opportunity for value-driven investors to snap up the next crypto to explode for a bargain. …