When the right moment comes, you can make big gains within the crypto industry thanks to positive news around the underlying project. Toko token (TKO) […] Go to Source
Monthly archives: December 2022
Crypto Exchange Coinbase Adds Surprise Support for Metaverse Altcoin Project
The largest US crypto exchange by trading volume is adding a metaverse altcoin to its list of supported crypto assets. Coinbase Assets is announcing that trading for the native token of the MultiversX (EGLD) blockchain will debut on its platform starting December 7th once liquidity conditions are met. “Coinbase will add support for MultiversX (Previously …
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Bloomberg Analyst Says Ethereum (ETH) and Rest of Crypto Markets To Rise Again in 2023
Bloomberg commodity strategist Mike McGlone thinks crypto will return to outperforming traditional assets next year. In a new analysis, McGlone notes that the value of the crypto market was slashed by $1.3 trillion in 2022, as of early December, a “roughly equivalent” figure to the combined market cap decrease of Amazon and Google. The strategist …
Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3
The Japanese financial group Sumitomo Mitsui Financial Group (SMBC) is moving to explore the benefits of Web3 by issuing soulbond tokens (SBTs). Proposed by Ethereum creator Vitalik Buterin, SBTs refer to digital identity tokens that represent the characteristics or reputation of a person or entity, or a “soul.” Such tokens are non-transferable and are designed …
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The all-in-one approach at the foundation of next gen crypto investment platforms
The ongoing FTX saga has injected more uncertainty into an already shaken market. If it was not clear already, even the biggest centralized exchanges can fail. The problem is multi-faceted. On the one hand, just like in traditional finance, centralized institutions are only as good as the people who run them. When investors use services …
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More than 90% of consumers are curious about the Metaverse: Capgemini
Despite turbulent market conditions over the last year, the metaverse and its potential utility remain steady in the minds of consumers. According to data from a new survey by Capgemini, a business and technology strategy advisor, over three-quarters of consumers expect their interactions with brands and individuals to be impacted by the metaverse. This also …
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NFTs minted on FTX break, highlighting Web2 hosting flaws
The FTX collapse highlighted many flaws in the crypto industry. Now, the effects of the FTX debacle have broken into the nonfungible token (NFT) space with users unable to view their FTX-hosted NFTs. In a tweet, Solana engineer jac0xb.sol pointed out how the metadata of FTX-hosted NFTs now points to a restructuring website that gives …
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Binance CEO CZ confirms exchange has no outstanding loans
Binance CEO Changpeng Zhao “CZ,” said that the exchange has no outstanding loan, and challenged anyone to ask around. Earlier on Nov. 25, Binance published its Bitcoin proof of reserves to show that its on-chain reserves of 582,485.9302 BTC were 1% higher than the total customers’ deposit of 575,742.4228 BTC. Leading financial audit firm Mazars …
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New evidence 52.2% of Bitcoin Network uses clean energy
29 mining companies run almost fully on clean energy, and they constitute 16.48% of the Bitcoin Network. 2 min read Updated: December 8, 2022 at 10:48 am Cover art/illustration via CryptoSlate ClimateTech Vice Chair Daniel Batten’s recent analysis revealed that 29 mining companies constitute 16.48% of the whole Bitcoin (BTC) network and run on 90-100% …
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This DAO is donating 100ETH ($123k) to crypto sleuth ZachXBT
Nouns DAO will donate 100 ETH ($123,000) to ZachXBT to fund his investigative journalism, according to a Dec. 8 tweet. Nouns will donate 100 ETH ($123,000) to @zachxbt to fund their investigative journalism. Prop #177 from @noun40__ passed: 180 for, 20 against. pic.twitter.com/7PmlaD2rXE — House of Nouns ⌐◨-◨ (@houseofnouns) December 8, 2022 According to the …
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U.S. banking committee says SBF ‘must answer for the failure’ of FTX
The US senate banking committee in a Dec. 7 letter to Sam Bankman-Fried said he must answer for the failure of his crypto firms in a hearing scheduled for Dec. 14. The committee chairman Sherrod Brown wrote that if SBF failed to honor the invitation, he would be issued a subpoena. Senator Brown highlighted that …
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Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day
In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only withdraw cash not exceeding $1,111 during the same period. The new limits, which are in line with the CBN’s cashless policy, are set to …
ETH Price to Fall to $922 by December 10, Coincodex Predicts
The U.S. dollar price of ether, which presently hovers around $1,200, is expected to fall to $922.66 by Dec. 10, a Coincodex prediction chart has shown. Ethereum is nonetheless projected to close the following day trading above $1,000. According to the Coincodex analysis, there are presently 15 technical indicators out of a total of 28 …
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Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate Crypto Mining in Kazakhstan, Change Licensing Rules The lower house of Kazakhstan’s parliament, …
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Best Crypto to Buy Now For Christmas Gains This December 2022
Christmas is a gift-giving season, do you plan to purchase bags, shoes, toys or maybe crypto? Because we are still in bear market, now is […] Go to Source