High transaction costs have been a thorn in the side of the top blockchain protocols for years as both Bitcoin (BTC) and Ethereum (ETH) have seen the average cost of conducting token transfers skyrocket during times of network congestion and high demand. One layer-one (L1) protocol that has been gaining traction in recent months that …
Continue reading “ROSE gains 54% in a week as Oasis Network ecosystem expands”
Last month, we announced our investment into AlgoFi alongside USV and Pillar. The team has been moving at lightning speed. They launched AlgoFi — a capital markets suite including Algorand’s first money market and algorithmic stablecoin — on December 17th. Today they announced a $3M liquidity mining program alongside the Algorand Foundation. In just a …
Crypto whales are buying up the supply of one exchange altcoin despite the asset’s significant price correction in the past month. Digital asset analytics firm IntoTheBlock reports that “large holders” own 93% of the supply of Crypto.com Coin (CRO), the cryptocurrency that powers the Crypto.com platform. Crypto.com Coin surged to an all-time high of nearly …
December 29, 2021 – Tortola, British Virgin Islands Transient Network, a smart contract global marketplace, has launched its second DApp ‘CryptoPool’ on the Binance Smart Chain, following the successful debut of TSC-Core in November. CryptoPool will soon launch on Ethereum and HECO Chain networks as well. The new DApp gives users the ability to create their …
Cryptocurrency analyst and trader Michaël van de Poppe is plotting out new price targets for Ethereum (ETH) after the leading smart contract platform experienced major growth during 2021. In a year-end strategy session, Van de Poppe tells his 158,000 YouTube subscribers that Ethereum has not only held up well against the number-one crypto Bitcoin (BTC) …
South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January. In a Wednesday announcement, Coinone said users would have from Dec. 30 to Jan. 23 to register their external wallets at the exchange, after which time it would restrict withdrawals. The exchange …
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The S&P 500 is trading near its all-time high but Bitcoin (BTC) has plunged about 30% from its all-time high at $69,000. Even after the sharp drop, Bitcoin is up 63%, year-to-date, outperforming the S&P 500, which is up about 30% in 2021. Gold, which is popular as a hedge against inflation, is down roughly …
Continue reading “Price analysis 12/29: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE”
Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature starting in January 2022. In a Wednesday blog post, Robinhood said tens of thousands of users currently on the waitlist for the trading app’s crypto wallet would have access to the beta version starting in mid-January. The …
Continue reading “Robinhood plans to launch beta crypto wallets in January as HOOD drops to $17”
2021 has proven to be a fortuitous year for the world’s second-biggest cryptocurrency Ether (ETH), which has seen a fourfold increase in value over the past 12 months. In doing so, Ether has outperformed the appreciation of the preeminent Bitcoin and has gained an increased percentage of the overall cryptocurrency market by capitalization. While the …
Continue reading “A fair comparison? Ethereum growth outpaces Bitcoin in 2021”
A popular crypto analyst is looking at future price targets for decentralized oracle network Chainlink (LINK) heading into 2022. In a new strategy session, Benjamin Cowen tells his 673,000 YouTube subscribers that while Chainlink’s price did increase by 113% in 2021, his expectations were much higher for the real-world data provider. “It started around $0.12 …
Bitcoin (BTC) added to its losses on Dec. 29 with a fresh tumble briefly taking BTC/USD below $46,600. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI flashes “oversold” Data from Cointelegraph Markets Pro and TradingView showed the pair giving up ground prior to the Wall St. open to increase its 48-hour correction to 10.4%. The …
Bitcoin (BTC) may be down over 30% from its record high of $69,000, but it has emerged as one of the best-performing financial assets in 2021. BTC has bested the United States benchmark index the S&P 500 and gold. Arcane Research noted in its new report that Bitcoin’s year-to-date performance came out to be nearly 73%. In …
Continue reading “What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a row”
GameStop attracted attention this year within the investment community. Here’s why the company is important to crypto. The popular video game retailer GameStop has attracted plenty of attention this year within the crypto community and within the broader investment community. GameStop made the news in March 2021 due to widespread short-selling of its GME stock. …
Continue reading “GameStop and Cryptocurrency: The Video Game Retailer Is Close to Using Crypto”
The wealthiest Ethereum (ETH) whales are busy gobbling up Polygon (MATIC) and two other decentralized finance (DeFi) altcoins as the crypto markets take a breather. Data from whale-surveilling platform WhaleStats shows that the top 1,000 Ethereum whales bought an average of $12,766 worth of MATIC tokens in the last 24 hours. One notable Polygon transaction …
Metaverse gaming platform Ready Player Me has announced a $13-million Series A funding led by the respective co-founders of Wise and Teleport, Taavet+Sten, with further participation from the co-founder of GitHub, Tom Preston-Werner, alongside Samsung Next, Konvoy Ventures and Gmoney. The platform intends to utilize the capital to advance ambitions for avatar interoperability between metaverse …
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