Play It Forward DAO (PIF DAO) has kicked off 2022 by announcing it has raised $6 million from private investors, only six months after launching. The DAO includes a guild of over 40,000 players and 3,000 scholars across the Philippines and Indonesia, all of which are managed via a play-to-earn (P2E) scholar management program. Currently, …
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Previously anti-crypto investors are increasingly turning to Bitcoin and its brethren as a hedge against fiat currency inflation concerns. One example is Hungarian-born billionaire Thomas Peterffy who, in a Jan. 1 Bloomberg report, said that it would be prudent to have 2-3% of one’s portfolio in crypto assets just in case fiat “goes to hell”. …
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One of 2021’s biggest stories was the China ban on Bitcoin mining. On one hand, the news did affect Bitcoin’s price and gave ammunition to the naysayers that think that governments will outlaw Bitcoin. On the other, the network kept working without a hiccup, recovered its hashrate in record time, and gained in decentralization. However, …
Continue reading “Why Did China Ban Bitcoin Mining? Here Are The Seven Leading Theories”
Crypto analyst Benjamin Cowen says there’s a good chance that Bitcoin (BTC) has already found a bottom, despite displaying what many traders would say is fairly bearish price action. In a new strategy session, Cowen tells his 678,000 YouTube subscribers that pricing Bitcoin in assets other than the US dollar can sometimes be revealing. Instead …
A closely followed crypto strategist and trader is bullish on Bitcoin as we start 2022, highlighting two key catalysts that can ignite a BTC resurgence. Crypto strategist Kevin Svenson tells his 82,000 Twitter followers that Bitcoin is due for a rally as he believes sell-side pressure is about to see a significant decline. “Tax harvesting …
Popular meme crypto project Shiba Inu (SHIB) is set to launch its very own decentralized autonomous organization (DAO). In a new blog post, Shiba Inu developers say they are going to release DOGGY DAO, SHIB’s new governance protocol, in two separate phases. The first phase, which is set to launch in the coming days, will …
Nonfungible tokens, or NFTs, have become one of the most discussed markets in the crypto space this year. A recent report from Cointelegraph Research found that NFT sales are aiming for a $17.7 billion record by the end of 2021. This may very well be the case, as a number of mainstream brands have begun …
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A widely followed crypto analyst is predicting that the price of Bitcoin (BTC) will skyrocket during the first half of this year. In a new video, the host of InvestAnswers tells his YouTube 388,000 subscribers that Bitcoin is long overdue for a massive rally that should happen sometime between March and June of 2022. “I …
New data from a crypto intelligence platform reveals that nearly 10,000 Bitcoin (BTC) left US-based crypto exchange Coinbase in the last seven days. Coinglass shows that Coinbase Pro users collectively withdrew 9,951 BTC worth $467.28 million in the last week alone as Bitcoin continues to struggle below the $50,000 level. The analytics firm also shows …
Bitcoin (BTC) continues to languish below the psychological level at $50,000 in the first few days of the New Year, indicating a lack of aggressive buying by traders. Former BTCC CEO Bobby Lee said the exodus of the Chinese traders who had until Dec. 31 to exit Chinese exchanges may have kept prices lower into …
Continue reading “Top 5 cryptocurrencies to watch this week: BTC, LUNA, FTM, ATOM, ONE”
Shark Tank star Kevin O’Leary is unveiling the content of his crypto portfolio, which he says includes Bitcoin (BTC) and four altcoins. In a new interview with TraderTV, the billionaire says that he is invested in leading smart contract platforms Ethereum (ETH) and Solana (SOL), as well as blockchain scaling solution Polygon (MATIC) and peer-to-peer …
Alan is the chief legal officer at PrimeBlock, a sustainable Bitcoin mining operation, infrastructure solutions provider and member of the Bitcoin Mining Council, with locations spread across North America. “We’re going to see more countries adopting crypto as a legal currency. We’re also going to see central governments coming out and taking their own currencies …
Continue reading “What’s ahead for crypto and blockchain in 2022? Experts Answer, Part 2”
A whale-monitoring site reveals that the wealthiest Ethereum (ETH) whales are accumulating three decentralized finance (DeFi) assets as we enter a new year. Data from WhaleStats shows that the 1,000 non-exchange Ethereum whales are gobbling up SUSHI, the governance token of the decentralized exchange (DEX) SushiSwap. The whale-tracking platform shows that over the past week, …
In the last couple of years, the stock-to-flow model proposed by PlanB has become very famous. A quantitative study published on the site planbtc.com shows the model and the prediction that Bitcoin (BTC) could reach the capitalization of $100 trillion. Obviously, the crypto industry, including myself, was fascinated by the logic of the model and …
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On Jan 2, El Salvador President Nayib Bukele shared five bullish predictions on Bitcoin’s (BTC) performance for the year 2022. Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for …
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