One exchange altcoin is enjoying big intraday gains after a sizeable long-term investment from crypto behemoth Binance. Today, Binance Labs announced a $12,000,000 investment in the WOO Network (WOO). “Binance Labs invested $12 million in WOO Network as the two parties expand their long-standing relationship. The investment will support WOO Network’s rapid expansion through talent acquisition, research …
Yearly archives: 2022
InvestAnswers Unveils ‘Confident’ Solana Price Prediction, Says 200% Ethereum Rise on the Table
A popular crypto analyst is setting 2022 price targets for a layer-1 blockchain protocol that’s flying high after breaking out last year. In a new Q&A session, the host of financial education YouTube channel InvestAnswers tells his 389,000 subscribers where he thinks Solana (SOL) is headed over the next six months. “I’m pretty confident we’ll …
Large Banks Are Beginning to Launch Crypto Trading Services in Response to Digital Asset Boom
After spending years on the sidelines, large banks are beginning to dive into the world of digital assets. Commonwealth Bank (CBA), the biggest bank in Australia, says it will be the first in the nation to allow customers to buy, sell and hold crypto assets. A pilot program offering crypto directly to customers through the …
Top 5 cryptocurrencies to watch in 2022: BTC, ETH, BNB, AVAX, MATIC
Bitcoin (BTC) witnessed a roller coaster ride in 2021 and even though BTC has corrected sharply from its all-time high at $69,000, the digital asset is still up by 60% year-to-date. During the same period, gold has dropped more than 5%. With inflation soaring in the United States and several other parts of the world, …
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‘We are 50% of the way there,’ says Vitalik on Ethereum’s development
Vitalik Buterin has walked listeners through a five-part roadmap on the latest Bankless podcast where he outlined the necessary steps for Ethereum to survive and thrive. In order to achieve ultimate scalability and decentralization, Butalik claimed that Ethereum needs to be more agile and more lightweight in terms of blockchain data so that more people …
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Cion Digital secures funds to expand blockchain orchestration platform
Cion Digital, a developer for an enterprise SaaS blockchain orchestration platform, announced on Tuesday that it had closed out its recent seed funding round at $12 million. The round was overseen by Green Visor Capital and 645 Ventures who have since joined Cion Digital’s board of directors. Additionally, Cota Capital, Epic Ventures, Hourglass Capital Partners, …
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Polymarket to shut services, pay $1.4 million fine
The Commodity Futures Trading Commission (CFTC) has fined popular crypto prediction market service provider, Polymarket, $1.4 million whilst also ordering it to shut markets that are not in compliance with regulations of the federal agency. Polymarket to pay $1.4 million fine According to a press release issued by the foremost financial regulator, Blockratize, the parent …
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13 NFT games to look out for in 2022
Call it GameFi, Play-to-Earn or NFT gaming, a new breed of games are coming, riding the tidal wave created by the success of pioneer games like Axie Infinity. In 2021, Axie went from basically zero to 2.3 million daily active players at the end of the year. During the same one-year period, the Axie Infinity’s …
Estonia Clarifies Upcoming Regulations, Will Not Ban Crypto Holding or Trading
The government of Estonia has approved legislation tailored to improve oversight of its crypto sector which expanded rapidly due to favorable regulations and business climate. The new law, which is yet to be adopted, will introduce stricter requirements for service providers without preventing their clients from owning or exchanging cryptocurrencies. Authorities in Tallinn Draft Stricter …
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Defi TVL Jumps 12% Since Mid-December, Close to $25B in Bridges, Convex Gains on Curve’s Dominance
The total value locked (TVL) in decentralized finance (defi) has risen 4% during the first four days of the new year from $245 billion on January 1, to $255.84 billion three days later. While the defi protocol Curve Finance dominates with a TVL of $24.44 billion, Convex Finance is closing in on the dominance with …
Adidas Originals NFT Compilation Enters Top 50 Collections by Volume, Close to $60M in Sales in 18 Days
Less than 20 days ago, the German multinational sneaker and sportswear corporation Adidas launched the company’s Adidas Originals non-fungible token (NFT) collection and since then the NFT compilation has surged into the top 50 NFT collections in terms of sales. Adidas NFT Collection Sees Significant Demand in Less Than 20 Days At the end of …
Seven Under-the-Radar Altcoins Explode 75% or More Over Past Week While Bitcoin and Ethereum Consolidate
A cluster of up-and-coming altcoins are starting the new year with major price breakouts while the top two crypto assets move sideways. Frax Share (FXS) is the governance token for the Frax stablecoin protocol, which aims to provide algorithmic money in place of fixed supply digital assets. FXS is used to accrue fees, seigniorage revenue, …
Bitcoin Turns in Top Performance for 2021, Outperforming Gold, Commodities and Other Major Asset Classes
Bitcoin (BTC) is the best-performing major asset class for three consecutive years, topping gold and large equity markets, according to data compiled by Compound Capital Advisors CEO Charlie Bilello. In 2021, Bitcoin recorded a return of 66.5%, surpassing the gains generated by the commodities index (41.4%) as well as the 40.5% profits printed by the …
Crypto Bull Market To Reach ‘Unsustainable’ Levels of Hype in 2022, Predicts Coin Bureau
The host of popular crypto channel Coin Bureau is laying out his predictions about how the crypto bull run might come to an end during 2022. In a new video, the analyst known as Guy tells his 1.83 million YouTube subscribers that a bear market will begin but only if one or a combination of …
Top Trader Says Bitcoin Breakout on Horizon, Predicts Rallies in Fantom (FTM) and One More Altcoin
A widely followed crypto trader says Bitcoin is forming a pattern reminiscent of July before its big breakout, and that two other altcoins are looking bullish. The pseudonymous trader known as Cantering Clark tells his 99,000 Twitter followers that Bitcoin‘s recent price action looks similar to when it was trading near $30,000 before it ultimately …