Macro guru Raoul Pal says smart contract platform Solana (SOL) and stablecoin-focused blockchain payment system Terra (LUNA) could be following the same parabolic price trajectory of Ethereum in 2016. In a new interview on Real Vision, Pal says that because of the cyclical nature of network effects, Ethereum is currently mirroring Bitcoin’s 2017 bull cycle. …
Category archives: Trending Crypto news
Here Are the Five US Cities With the Most Crypto Hires in 2021, According to New Bloomberg Study
A new study is revealing the hottest cities in the US where companies have made the most crypto hires this year. The research, which was conducted by LinkedIn for Bloomberg, considers a crypto hire as any member of the online professional networking site who took a new job with titles that contain keywords such as …
3 reasons why Kadena (KDA) price went on a 500% parabolic frenzy
Proof-of-work (POW) blockchain networks were all the rage in the early days of cryptocurrency when Bitcoin (BTC) set the standard for security and other projects followed suit in various attempts to offer a robust, scalable network that would either support payments of efficiently transmit data. Most protocols have now shifted to proof-of-stake but Kadena (KDA), …
Continue reading “3 reasons why Kadena (KDA) price went on a 500% parabolic frenzy”
ESG oriented blockchain wants on-chain ‘nutrition labels’ for every commodity exchanged
The Watr Foundation, in partnership with blockchain platform Algorand, recently launched a project to provide ESG scoring for different commodities with a special focus on climate change. While the project has a clear environmental focus, the platform will also include labeling for everything from how a company treats its workers to the number of people participating …
OTOY’s Render Network plans to render the metaverse on Solana
Jules Urbach, the CEO and founder of OTOY, wants to democratize content creation, specifically as it pertains to virtual assets. OTOY’s technology intends to fulfill the promise of an open cloud-based metaverse via the Render Network — the first decentralized GPU rendering network & 3D marketplace built on OTOY’s OctaneRender NFT ecosystem. While at the …
Continue reading “OTOY’s Render Network plans to render the metaverse on Solana”
Analysts expect parabolic Bitcoin price move after the ‘last’ resistance at $67K falls
The bulls are on the march again and this time they’ve set their sights on a new all-time high for Bitcoin (BTC) price which is within striking distance of the $67,000 level. Data from Cointelegraph Markets Pro and TradingView shows that a late-night surge on Nov. 7 catapulted the price to an intraday high at …
Small-Cap Altcoin Built on Polkadot Spikes After Earning Support From Crypto Giant Binance
A highly anticipated Polkadot-based project went soaring after crypto exchange Binance announced plans to list the token. Moonriver (MOVR) is a smart contract platform that features complete Ethereum compatibility. The project aims to make it easy to use popular developer tools to build or redeploy projects based on the Solidity programming language. It utilizes the Ethereum …
Here’s When Bitcoin Could Overtake Gold and Real Estate, According to Quant Analyst PlanB
Quantitative analyst PlanB is predicting when the market cap value of Bitcoin (BTC) could overtake that of more traditional assets such as gold and real estate. In an interview with Blockware Intelligence, the analyst says that BTC could reach a market cap valuation somewhere between gold and real estate by the next halving. A halving …
Bitcoin Transactions Boost Payments Firm Square’s Q3 Revenue for Significant Growth Year-Over-Year
Payments giant Square says that Bitcoin transactions have contributed nearly $2 billion to the company’s third-quarter revenue. In the company’s latest shareholder letter, Square says that the firm’s total net revenue for Q3 2021 was $3.84 billion. Excluding Bitcoin revenue via its Cash App, the figure falls to $2.03 billion. “Cash App generated $1.82 billion …
Crypto Analyst Issues Warning, Says Altcoins To Pay the Price As Bitcoin Gets Ready To ‘Go Hard’
A prominent crypto trader and analyst is warning that “altseason” hasn’t yet arrived because Bitcoin (BTC) is preparing to steal the show from the crypto markets. The analyst known as Altcoin Sherpa tells his 141,000 Twitter followers that altcoins won’t perform as well as they could in the near future, largely due to BTC’s bullish …
Fed board member to leave by 2022, leaving Biden to fill 3 seats
Randal Quarles has resigned his position from the Board of Governors of the Federal Reserve System, effective by the end of December. In a Friday resignation letter addressed to United States President Joe Biden, Quarles said he planned to leave the Fed “during or around the last week of December of this year” after serving …
Continue reading “Fed board member to leave by 2022, leaving Biden to fill 3 seats”
FarmVille NFTs on the horizon? Zynga hires new VP for blockchain gaming
Nonfungible tokens (NFTs) scored another win with gaming giant Zynga’s announcement of the upcoming integration of NFTs and blockchain into the publisher’s portfolio. San Francisco-based game developer Zynga, best known for its FarmVille and CSR Racing series, appointed marketing veteran Matt Wolf as its vice president to oversee the company’s blockchain gaming efforts. With the …
Continue reading “FarmVille NFTs on the horizon? Zynga hires new VP for blockchain gaming”
DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction
Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on Polkadot. Unlike typical crowdfunding rounds, Acala’s financing mechanism is a crowdloan, which means it will eventually need to pay back …
Price analysis 11/8: BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, AVAX
Bitcoin (BTC) is close to making a new all-time high and Ether (ETH) finally soared to hit a new high at $4,800. This pushed the total crypto market capitalization above $3 trillion for the first time ever on Nov. 8, according to data from CoinGecko. Data from Santiment shows that Bitcoin whales holding between 10,000 …
Continue reading “Price analysis 11/8: BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, AVAX”
Bitcoin Price Higher as Market Tops $3 Trillion, BNB, PARA, KDA, Nov. 8
Bitcoin bounced higher from recent consolidation. Crypto market cap soars above $3 trillion for first time. KDA touts 480k TPS scalability. BTC Bitcoin was back above the $65,000 level on Monday with the recent all-time highs back in play. BTC Price Index But the overall cryptocurrency market is playing its part with total valuations passing …
Continue reading “Bitcoin Price Higher as Market Tops $3 Trillion, BNB, PARA, KDA, Nov. 8”