Crypto analyst Michaël van de Poppe is making a series of bold predictions for Bitcoin (BTC) and the overall crypto markets as 2021 comes to a close. Van de Poppe tells his 524,800 Twitter followers that Bitcoin has already touched a crucial “make it or break it” area of support. “Chop, chop, chop it is …
Category archives: Trending Crypto news
Cryptocurrency Regulatory Initiatives Announced As Australia’s Treasurer Kicks Off Payments System Overhaul
The head of Australia’s Treasury Ministry, Josh Frydenberg, is promising comprehensive reforms in the payments and cryptocurrency sectors. The Treasurer says that, in about six months, the Australian government expects to have completed consultations on a licensing or a regulatory framework for cryptocurrency exchanges and providers of cryptocurrency custody services. “In relation to crypto, by …
SYN CITY Ranks As Number One Collection Amid Successful Binance IGO
December 9, 2021 – Singapore, Singapore SYN CITY, the first-ever mafia-themed metaverse game on the blockchain, has broken new records this week with the listing of their in-game tokens and assets in what has become one of the most successful IGOs to date. SYN CITY launched its IGO on the Binance NFT platform, with various …
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Stacks’ Mitchell Cuevas talks building integrated DeFi bridges for Bitcoin users
The Stacks ecosystem is a collection of independent entities, developers and community members working to build a user-owned internet on the Bitcoin (BTC) blockchain. Stacks’ STX cryptocurrency was distributed to the general public through the first-ever Securities and Exchange Commission-qualified token offering in the United States. Mitchell Cuevas, head of growth for the Stacks Foundation, …
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Microsoft leads startup Palm NFT Studio’s $27M series B round
Crypto startup Palm NFT Studio announced a Series B raise of $27 million on Thursday led by Microsoft’s venture fund M12. Palm NFT, cofounded by ConsenSys founder and Ethereum co-founder Joseph Lubin, provides strategic and technical services for creators to build nonfungible token (NFT) marketplaces. Other major backers include Griffin Gaming Partners, RRE, Third Kind Venture …
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Analysts say Bitcoin’s behavior at $47.5K mirrors the pre-breakout 2017 market
Crypto markets tanked again after Bitcoin (BTC) price slipped to $47,500 on Dec. 9, but most analysts agree that the price is destined to remain in the $40,000 to $55,000 range until the holiday season has passed. BTC/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that the early morning defense of …
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Crypto Biz: Smart money ignores BTC price correction as $800M set to flow into blockchain startups, Dec. 9
Bitcoin’s (BTC) return to sub-$50,000 levels has many market participants fretting over the legitimacy of their favorite price models. For venture capitalists and other smart money investors, the latest decline is nothing but noise. Instead, they see the emergence of an entirely new economy that is transforming business, redefining monetary value and pushing the internet …
MicroStrategy purchases $82M in Bitcoin, now holds 122,478 coins
Business intelligence firm MicroStrategy has added 1,434 Bitcoin to its coffers after purchasing the crypto asset at an average price of $57,477. According to a Thursday filing with the Securities and Exchange Commission, MicroStrategy purchased 1,434 Bitcoin (BTC) between Nov. 29 and Dec. 8 for roughly $82.4 million, making its total holdings 122,478 BTC. With …
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SushiSwap CTO resigns citing internal structural chaos
Late Wednesday, Joseph Delong, chief technology officer of SushiSwap, the thirteenth largest decentralized exchange, or DEX, by trading volume, tendered his immediate resignation from the role. Explaining his decision, Delong gave the following statement: “I wish Sushi the best and am saddened that Sushi is so imperiled within and without. The chaos that is occurring …
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Semiotic AI granted $60 million by the Graph Foundation to support ecosystem growth
The Graph Foundation has announced a $60 million eight-year funding grant to Semiotic AI in a bid to expand the start-up software firm’s research and development capacity in the sectors of cryptography and artificial intelligence. Specifically, the partnership will focus on building the architecture required for automated and verifiable indexing and querying on the Graph, …
Bitcoin continues consolidation: Are we still in a bull market? | Tune in now to The Market Report w/ Ran Neuner
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown: After the market news update, the hosts chat with special guest Ran Neuner, co-founder and CEO of Onchain …
Smart Contract Altcoin Posts Massive Gains Following Announcement of Partnership With Gaming Development Firm
One under-the-radar altcoin is on fire after helping to bring in-game non-fungible tokens (NFTs) to the mainstream gaming industry. Blockchain network Tezos (XTZ) announced that game designer Ubisoft’s new Quartz feature was built using its native technology to enhance gameplay while remaining energy efficient. In-game #NFTs are here, and they are built on #Tezos.@ubisoft has …
Terra becomes top-10 crypto: Classic ‘bull pennant’ setup paint $100 LUNA price target
Terra (LUNA) faces the prospects of hitting $100 in the coming weeks as it paints a classic bull pennant structure. In detail, bull pennants appear as the price trends inside a triangle pattern after a strong move upside. Many analysts see it as a sign of bullish continuation, i.e., they think the instrument would eventually break …
Inflation benchmark Frax Price Index to launch on Partisia blockchain
On Thursday, Frax Finance, a developer of algorithmic stablecoins, announced it would launch the Frax Price Index, or FPI, on the Partisia blockchain. The benchmark would have its stablecoin pegged to it and serve as a competitor to the standard Consumer Price Index, or CPI. Although the latter is a near-universally adopted inflation gauge, skeptics …
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Tribal Credit taps Bitso and Stellar to enable cross-border B2B payments
Enterprise payment platform Tribal Credit has partnered with Latin American crypto exchange Bitso and the Stellar Development Foundation to create a new cross-border payment service for businesses, opening the door to broader use cases for blockchain technology in the region. The new service, which is geared towards small- and medium-sized enterprises, enables companies in Mexico …
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