Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher. What JPMorgan’s Clients Expect the Price of Bitcoin to Be by Year-End JPMorgan has conducted a …
Tag archives: Bitcoin
Visa: One in Four Businesses Surveyed Plan to Accept Cryptocurrency Payments This Year
Payments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive. Small Businesses in 9 Countries Plan to Accept Cryptocurrency This Year Visa published a …
Top 10 Crypto Stories of 2021 | Footprint Analytics Annual Report 2021
In 2021, crypto finally broke away from being just BTC and ETH into a multifaceted industry with dozens of promising chains, tokens, projects and applications. Some of these projects, especially in GameFi, stopped being tied directly to the price of Bitcoin and began being appreciated as major developments in their own right. However, BTC also …
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China preps infrastructure for state-backed NFTs
Crypto’s enemy number one, China, is preparing to roll out its own state-backed blockchain infrastructure to support the deployment of NFT-like collectibles, South China Morning Post reported. The infrastructure, dubbed Blockchain Services Network-Distributed Digital Certificate (BSN-DDC) won’t be compatible with external NFTs, nor will it support cryptocurrency payments. Creating its own NFT industry China is …
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Vitalik Buterin on why cross-chain bridges will not be a part of the multi-chain future
In a much-publicized tweet this past week, Vitalik Buterin voiced his opposition to the use of cross-chain solutions by Ethereum and other blockchains, in favor of a multi-chain future. My argument for why the future will be *multi-chain*, but it will not be *cross-chain*: there are fundamental limits to the security of bridges that hop …
A Pacific archipelago is going all in on crypto
Who would have thought a small nation with approximately 18,000 people would enter the crypto world? During an interview, Palau President Surangel S. Whipps, Jr. announced a partnership with the blockchain and crypto advisor firm Cryptic Labs. The alliance was created to launch the world’s first digital residency platform using blockchain technology, where any person …
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British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated
According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central bank digital currency when making regular payments could …
FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption
The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside investments in “social, gaming, fintech, software, and healthcare.” FTX Reveals $2 Billion Venture Capital Fund, Hires Lightspeed Partner Amy Wu FTX Trading Limited has announced …
UNQ token sale closes with over $11 million in contributions from 7,900 supporters
Unique Network, the NFT chain built for Polkadot and Kusama, has raised over $11.2 million from 7,900 supporters in their public sale. The sale of tokens was launched for the community and participation in the sale required completion of a KYC process in advance. The sale launched on January 12th and finished on January 13th. …
Rio de Janeiro mayor to allocate 1% of the city treasury to Bitcoin
Rio de Janeiro is about to become a crypto hub and the first Brazilian city to buy Bitcoin as a store of value, according to its mayor Eduardo Paes, who made the announcement at the Rio Innovation Week, O Globo reported. Paes participated on the first day of the largest innovation and technology meeting in …
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The Rise of NFTs | Footprint Analytics Annual Report 2021
While the concept of NFTs has been around since 2014, they were mostly under the radar until last year, when they suddenly commanded headlines around the world. Just as DeFi brought capital into the crypto market, NFTs are bringing people in—with puzzling artwork, lucrative games, and even some practical use cases. What is an NFT? …
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Tether freezes three Ethereum addresses holding $150 million in USDT
World’s largest stablecoin issuer Tether has added three more Ethereum addresses to its blacklist that held nearly $150 million worth of USDT. Being a centralized company, Tether has the authority to freeze accounts comprising dubious funds related to crime and money laundering. Tether freezes three Ethereum addresses. The three accounts frozen by Tether will not …
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Elon Musk’s Tesla now support Dogecoin payment
Tesla is accepting crypto payments again. The leading electric car maker earlier today revealed that it is now supporting payment for some of its products using the popular meme coin, Dogecoin, via its platform. Tesla now supports Doge payments According to available information, Tesla users looking to adopt the new payment option need to have …
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Jack Dorsey’s Block to build an open Bitcoin mining system
Jack Dorsey’s Block, formerly known as Square, is actively pursuing plans to build an open Bitcoin mining system. The news was first tweeted by Thomas Templeton, general manager for hardware, which was later confirmed by Dorsey on Twitter. We’re officially building an open bitcoin mining system ✨ https://t.co/PaNc7gXS48 — jack⚡️ (@jack) January 13, 2022 Jack …
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Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Parliament
The Kingdom of Tonga may adopt bitcoin as legal tender, according to a former member of Tonga’s parliament, Lord Fusitu’a, who tweeted about a possible timeline for this event to occur. Fusitu’a believes that by next fall a bill will be passed by Tonga’s parliament and bitcoin could be legal tender in the region by …