According to Bloomberg Intelligence, $100,000 Bitcoin (BTC) and $2,000 gold could greet 2022 as global markets face “deflationary forces.” In a tweet on Dec. 9, Mick McGlone, a senior commodity strategist at Bloomberg’s research arm, forecast that next year would be good for both gold and BTC. “Positive ramifications” for Bitcoin thanks to deflation As …
Category archives: Trending Crypto news
These Two Altcoins Have Massive Potential for December, According to Crypto Analyst Aaron Arnold
Cryptocurrency analyst Aaron Arnold is naming two altcoins that he says possess massive potential. The crypto analyst tells his 1,160,000 YouTube subscribers that the first altcoin with massive potential is Chainlink (LINK), an Ethereum-based crypto project that facilitates the transfer of data to smart contracts from off-chain sources. Arnold says that Chainlink Labs has bagged …
Kazakhstan to decide whether to launch CBDC by late 2022
Kazakhstan, one of the world’s largest countries in terms of Bitcoin mining hash power, is continuing to explore a potential central bank digital currency (CBDC). The National Bank of Kazakhstan has completed a prototype of a digital tenge platform, governor Erbolat Dossayev announced, according to a report by local news agency Kazinform. The central bank is …
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Coinbase users launch online refund campaign following GYEN troubles
Coinbase has come under fire recently following a technology snafu that reportedly resulted in the company closing many of its customer’s accounts. When users attempted to purchase Japanese stablecoin GYEN and Powerledger (POWR), they suffered from technical difficulties. This was then followed by an error in the system response. Now, deeply frustrated customers have launched …
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Mnemonic raises $4 million to launch B2B API platform focused on NFT’s
Mnemonic has emerged from a period of six-month incubation to announce the upcoming launch of its nonfungible token (NFT) analytics platform designed to facilitate API and cross-chain aggregation functionalities which enable developers to build NFT-centric applications. Above this foundational layer, the platform also intents to provide on-chain quantitate data insights into popular collections in the …
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Indian trade group recommends ‘special class security’ status for crypto
The Confederation of Indian Industries (CII), a non-government trade association and advocacy group, has proposed to treat cryptocurrencies as securities of a special class. The trade association released a report titled “Cryptocurrencies, Crypto Tokens/Assets & Regulations: The Way Forward” where it advocates for regulating the crypto market instead of outlawing it, reported Business Line. The report …
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Macro Guru Raoul Pal Betting on Bitcoin, Ethereum and Nine Additional Altcoins – Here’s His Current Crypto Portfolio
Real Vision chief executive Raoul Pal is revealing most of his crypto portfolio for public viewing. In a new interview with Thinking Crypto, the former Goldman Sachs executive says that he primarily started out as a Bitcoin (BTC) investor then switched most of his BTC into Ethereum (ETH). Pal says he then built a basket …
Bitcoin hash rate returns to all-time high levels
The global hash rate of the Bitcoin network tanked to as low as 84 exahashes per second (EH/s) at the start of June following the Chinese government’s crackdown on the crypto mining sector. According to Blockchain.com, the global hash rate has increased by 108% since June, with the Bitcoin network performing at a rolling seven-day average of …
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Wallet provider Ledger launches crypto debit card
Cryptocurrency wallet and infrastructure provider Ledger has debuted a new debit card that enables users to buy goods and services with their digital assets, potentially opening the door to wider adoption of crypto payment services. The Crypto Life card, also known as “CL,” was introduced at Ledger’s biannual Op3n conference on Thursday. The debit card …
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Why a securities specific blockchain is needed, explained
A successful securities-specific blockchain fills all gaps in the current Ethereum architecture by providing efficiency, automation and transparency. Aligning a functioning blockchain with the needs of modern capital markets will require solutions to governance, identity, compliance, confidentiality and settlement. To address these gaps, Polymath has spearheaded the creation of Polymesh, an institutional-grade, public, permissioned blockchain …
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Coinbase announces support for hardware wallets, starting with Ledger
Major exchange Coinbase has announced it will begin to supporting crypto hardware wallets, starting with Ledger. The two companies made the announcement at the Ledger Open conference, which is taking place in Paris on Dec 9 and 10. Ledger is a major supplier of cold hardware wallets, which store users’ private keys more securely than …
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Ethereum’s Corrective Dip Finds Support at 20-Month Trend Line
HodlX Guest Post Submit Your Post The recent correction of the second crypto by market cap appears to be nearing an end. Using Elliott Wave Theory as our guide, one can count the minimal waves in place to consider the correction from November 10 as completed. If you recall, on November 18, Elliott Wave helped …
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Eastern Caribbean CBDC expands to another two territories
The Eastern Caribbean Central Bank (ECCB) rolled out its digital payment system to The Commonwealth of Dominica and the British overseas territory of Montserrat on Dec. 7, leaving only Anguilla left among the eight countries planning to implement it. The ECCB launched the “EC dollar” Central Bank Digital Currency (CBDC) in March 2021 in collaboration …
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Big jump in investors who favor crypto over stocks: Survey
New research by consumer data aggregator CivicScience has found that a growing number of investors are selling their shares to purchase more crypto. The research questions were sent to people over 18 years old in the U.S. at varying times during 2021. The results were weighted by U.S. census data. Each question had between 1000 …
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OpenSea walks back on IPO plan following community backlash
The world’s top nonfungible token (NFT) marketplace OpenSea has denied it intends to pursue a public listing any time soon. Chief Financial Officer (CFO) Brian Roberts sparked a public backlash this week when he told Bloomberg that “it would be foolish not to think about going public.” The statement caused an uproar among OpenSea’s crypto …
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