BIS Innovation Hub partners with Fed to support analysis of digital assets NewJerome Powell cited CBDCs and digital assets in his speech to open the New York Innovation Center at the Federal Reserve’s local offices.
DeFi TVL hits new highs while Metaverse tokens show signs of exhaustion NewMetaverse tokens are starting to cool off while DeFi platforms register steady inflows that pushed the sector’s TVL to a new all-time high.
Charity platform expects significantly larger crypto than fiat donations for Giving Tuesday New“Cryptocurrency may be tricky to understand, but the value of a major crypto donation converted into cash is not," said Engiven founder James Lawrence.
Key data points suggest the crypto market’s short-term correction is over NewBitcoin price is still pinned below $60,000, but the recovery in ETH and altcoins suggests that the current correction could be coming to an end.
Galaxy Digital raises $500 million in convertible debt to fund business expansion NewThe move comes after the company increased its net profits by over ten-fold in the last quarter.
Price analysis 11/29: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB NewBitcoin and most major altcoins rebounded off their strong support levels, but the real challenge for the bulls is to sustain the momentum and clear the $60,000 resistance level.
Former Citi banker launches $1.5B crypto fund, taps Algorand as first partner NewThe crypto economy continues to lure top talent from Wall Street. Matt Zhang becomes the latest industry veteran to jump ship.
Microstrategy Buys 7,002 More Bitcoins, Growing Crypto Stash to 121,044 BTC NewMicrostrategy has purchased 7,002 more bitcoins, growing its cryptocurrency stash to 121,044 coins. CEO Michael Saylor says, “Bitcoin is the only property you can truly own, as well as the first technology capable of granting property rights to everyone on earth.” Microstrategy Now Has 121,044 Bitcoins in Its Treasury The Nasdaq-listed company Microstrategy has purchased…
Security Focused DeFi Project EverRise Upgrades Protocol and Launches on 3 Blockchains NewPRESS RELEASE. EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is going live with an upgraded version 2 contract on Monday, November 29th at 11:00 pm UTC. The new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks through PancakeSwap, UniSwap, and QuickSwap, respectively, with one…
Google Alerts Users About Malicious Actors Using Cloud for Cryptocurrency Mining NewGoogle has warned users about the use of its Google Cloud platform by malicious actors to mine cryptocurrencies. In its latest Cloud Threat Intelligence report titled “Threat Horizons,” which provides users with security insights, the company informed that 86% of the compromised instances on Google Cloud platforms were being used to mine cryptocurrencies. Most of…
Plan B Says Bitcoin Price Still ‘on Track Towards $100K’ Despite Missing November’s Price Prediction NewThis month, the price of bitcoin sank below the $60K zone this month after reaching an all-time high (ATH) at $69K per unit. The pseudonymous bitcoin analyst and the creator of the bitcoin price model called stock-to-flow (S2F), Plan B, called the last three months of bitcoin prices correctly but the analyst’s “worst-case scenario” forecast…
Privacy-Centric Crypto Mixing Protocol Tornado.cash Plans to Deploy on L2 Platform Arbitrum NewOne of the largest cryptocurrency mixing protocols, Tornado.cash, has announced the project will deploy on the L2 (layer 2) Ethereum platform Arbitrum One. The creators of the Ethereum-based mixing application explain that settling on Arbitrum will allow Tornado.cash users to benefit from cheaper transactions.
Tornado.cash to Deploy on Arbitrum – ‘Cheaper Transactions Being the…
Indian Government Answers Questions on Bitcoin Transactions, Karnataka Scam, Legality of Crypto Trading NewThe Indian government has answered three sets of questions in parliament regarding bitcoin transactions, the high-profile bitcoin scam in Karnataka, and the legality of cryptocurrency trading and crypto exchanges in India. Meanwhile, the winter session of parliament has begun and a crypto bill is expected to be taken up during this session.
Indian Government Answers…
Moonlift Announces Rebranding Changes Name to Moonlift Capital NewPRESS RELEASE. Blockchain protocol Moonlift has unveiled a new name and new product release as part of an extensive rebranding initiative. The blockchain project will be known as MoonLift Capital and launch a decentralized exchange that allows token swaps and liquidity mining features.
MoonLift Capital: A cross-chain turnkey incubator and service provider
MoonLift…
PayPal Gets “Conditional” BitLicense, Will Work with Paxos TrustNew York has always been strict when it comes to bitcoin and cryptocurrency, but now that PayPal has entered the crypto fray, it looks like the company’s position in the Big Apple just got a whole lot easier. PayPal Is Asserting Itself in New York It has been announced that PayPal has been given what’s...…
PayPal Aims to Buy Bit Go, a California-Based Crypto ExchangeNow that PayPal has permitted the buying and selling of bitcoin and other forms of crypto on its site, it would appear the company fancies itself the ultimate crypto platform, and apparently, it’s looking to expand its horizons with the potential purchase of exchanges like Bit Go. PayPal Has Its Sights Set on Bit Go...…
The Amount of BTC Grayscale Manages Just Got A Lot BiggerBitcoin’s price isn’t the only thing getting larger in the cryptocurrency space. According to reports, the institutional presence in the space is expanding as well. Grayscale Investments, a crypto management service that handles accounts primarily for institutional investors, recently announced that the digital assets it’s overseeing grew by a whopping $300 million in a single...…
Cardano (ADA) Price Analysis: Holding Support, But Facing Major HurdlesADA price declined below $0.1060, but it found support near $0.1000 against the US Dollar. The price is facing hurdles near $0.1055 and it is well below the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.1054 on the 4-hours chart (data feed via Kraken). The price...…
Ethereum Price Analysis: ETH Holding Important Support at $380Ethereum price started a downside correction from the $421 swing high against the US Dollar. ETH price is currently trading well above $380 and testing the 55 simple moving average (4-hours). There was a break below a major declining channel with support near $400 on the 4-hours chart (data feed from Coinbase). The pair is...…
Novogratz: BTC Is for Storing Value, Not for PaymentsMike Novogratz can be a hard man to read. As a billionaire investor and former ex-hedge fund manager, the man has had a lot of positive things to say about bitcoin, going so far as to compare the asset to gold. However, while he thinks very highly of bitcoin, he doesn’t see it being used...…
Is PayPal Bitcoin’s Best Hope Right Now?There are analysts out there that claim the PayPal-bitcoin relationship isn’t anything special. Now that they are more familiar with the fine print associated with the relationship, they are questioning just how far bitcoin can go with it. However, the sentiment also appears to be that even though the arrangement may not be perfect, PayPal...…
Elon Musk Cosigns Tweet Warning Dogecoin Holders Against Margin Trading NewDogefather Elon Musk has recently cosigned a tweet that warns Dogecoin holders of the dangers of margin trading. This trading method usually used by experienced traders can prove incredibly risky because while there is a lot of profit to be made when a trade goes right, the loss can be devastating when a trade goes…
Newegg To Start Accepting Shiba Inu Payments Soon NewOnline retail giant Newegg has announced on Twitter that Shiba Inu payments are “coming soon” to the platform. Newegg Set To Add Shiba Inu Payment Option Soon The retail website announced on its official Twitter a couple of days back that the memecoin SHIB is coming to the platform. Coming soon to Newegg…$SHIB https://t.co/BeRw6mfPmZ@Shibtoken @ShytoshiKusama…
NFT Calendar: Top 10 upcoming NFT drops according to a survey of 1000 NFT traders NewNon-fungible tokens (NFTs) have proven to be the next big thing. NFT has even been declared the “word of the year” by Collins Dictionary. From celebrities to top athletes, and global payments giants, investors are splashing millions of dollars on digital art. According to Collins Dictionary, an NFT is “a unique digital certificate, registered in…
Ethereum Founder Puts Forward New Fix For High Gas Fees NewSurging Ethereum gas fees have been a cause for alarm among investors who had found themselves paying significantly higher fees to carry out transactions on the blockchain. Increased network usage was the obvious culprit for this but fees remain high enough that investors have called for fixes to enable them to continue using the blockchain.…
Bitcoin Believer Jack Dorsey Steps Down As Twitter CEO, But For What? NewReports have surfaced that Twitter CEO Jack Dorsey will be stepping down from his executive role with the company. But what might the Bitcoin supporter be focused on next and will it directly involve the leading cryptocurrency by market cap? CNBC: Jack Dorsey To Step Down At Twitter CEO According to CNBC’s David Faber, sources…
“Metaverses will never replace the real world” – Daniil Andriyanov, CEO of TFL.io NewIn 2017 a blockchain-based crypto-lottery Flip’s Star (now True Group iGaming company) conducted its fundraising campaign featuring the TFL token as the native governance token of the project. TFL token is now a part of the True Group company, together with True Partners (casino operator), True Lab (game provider) and True Label (casino developing platform).…
Oly Sport -Selling NFT Horses on Binance NFT November 30th NewHorse racing: the marriage of skillful and diligent care, breeding, and training, with the unbridled spirit of the horse. People have been passionate about horse racing since before our records existed, and it’s no wonder why. Years of dedication by both horse and master lead to a single moment of truth for all to see.…
EIP-4488: Vitalik Buterin Makes Proposal to Address Ethereum’s Transactional Costs NewHigh transactional costs are always one of the biggest challenges Ethereum users are struggling to deal with. The team and community have waited in expectation of Ethereum 2.0’s release as the ultimate solution for current issues with the system. Despite all promises, data from crypto metrics site BitInfoCharts shows that the future outlook might not…
Starly: NFT-Focused Marketplace Where Users Can Create, Buy, & Sell Gamified Collectibles NewBack in 2020, NFTs were one of the most exciting emerging trends in blockchain. The growth of NFTs in the crypto market is exploding in 2021, with numerous new projects and NFT-focused firms entering the market. Starly is an NFT-focused marketplace where users can create, buy, and sell gamified collectibles. The platform aspires to be…
PhotoChromic: Biometrically Managed Self Sovereign Identity on the Blockchain NewPhotoChromic is an innovative platform that enables its users to create and manage their own identity to operate on software services, blockchain networks and Dapps. If you are familiar with the concept of Non Fungible Tokens, then you’ll find PhotoChromic’s solution simply genius. PhotoChromic allows users to securely create, own and verify their identity through…
Why You Need To Keep An Eye On BixBcoin NewBixBcoin (Ticker: BIXB) is a peer-to-peer (P2P) cryptocurrency that was launched on March 15th, 2020, on its own respective blockchain. The consensus algorithm for BixBcoin is focused on Proof-of-Work (PoW). MRM GROUP had also released BIXB via a total of 3,000,000 units as of this time. To put it another way, BIXB may be understood…
Syscoin: Blockchain Protocol for Future-Proof Payments & Value TransferToday, despite the risks in using cryptocurrencies as well as the moves to tighten control over cryptocurrencies by the governments, cryptocurrencies are increasingly widely accepted among industries across the world. As a result, their interaction with commercial platforms is becoming more important and common. Some major online stores are also looking to Bitcoin payments on…
Twitter’s share price jumps as Jack Dorsey steps down as CEO NewJack Dorsey, the founder of Twitter, announced that he will be stepping down as the CEO of the company, effective immediately. The post Twitter’s share price jumps as Jack Dorsey steps down as CEO appeared first on CryptoSlate.
Edward Snowden set to discuss his use of Bitcoin in the NSA leaks at BlockDown conference NewThis Friday, Edward Snowden will be appearing at BlockDown: DeData, a virtual conference fully dedicated to the challenges and alternatives of ownership and consent in this new era where data is the most sought-after commodity. The post Edward Snowden set to discuss his use of Bitcoin in the NSA leaks at BlockDown conference appeared first…
Diving in: Why are 81% of Ethereum’s Beacon Chain nodes in the U.S. and Europe? NewEthereum was the first generalist blockchain to popularize Decentralize Finance (DeFI) through its use of smart contracts. The post Diving in: Why are 81% of Ethereum’s Beacon Chain nodes in the U.S. and Europe? appeared first on CryptoSlate.
Report: Bitcoin (BTC) investment products declined in November NewIn its latest Digital Asset Management Review, CryptoCompare has reported that in November, alternative crypto-asset investment products, such as Ethereum, Litecoin and Solana have outshined those of Bitcoin ETPs, as they raked in better gains than the flagship digital asset. The post Report: Bitcoin (BTC) investment products declined in November appeared first on CryptoSlate.
MicroStrategy announces purchase of 7002 more Bitcoin (BTC) for $414.4 million NewMicroStrategy announced earlier today that it has purchased an additional 7,002 Bitcoin (BTC). The post MicroStrategy announces purchase of 7002 more Bitcoin (BTC) for $414.4 million appeared first on CryptoSlate.
Cardano’s price has declined rapidly since the Alonzo upgrade NewOrdinarily, when a crypto network sees an upgrade, its price tends to have a positive reaction, like it was seen during the launch of Ethereum’s EIP-1559 when the value of the asset rallied above the $3,000 mark again. The post Cardano’s price has declined rapidly since the Alonzo upgrade appeared first on CryptoSlate.
Bitcoin bounce signals the end to the least severe correction of 2021 NewAfter hitting a new all-time high of $69,000 on November 10, Bitcoin has been caught in a downtrend. The post Bitcoin bounce signals the end to the least severe correction of 2021 appeared first on CryptoSlate.
The Price of the SNAKE (SNK) Game Token Is Growing as We Approach November 30. Wait for a Dump or Buy Now? NewLess than two weeks are left before the start of one of the most anticipated blockchain games of 2021 — Cryptosnake. Now the project already has more than 60 thousand active community members who are waiting for the start of the game. Two whales even bought two game NFT Artifacts for 100,000 BUSD each. The…
New Innovative NFT Use Cases that Might Change the World NewThe transaction volume of the entire NFT market crossed US$16 billion in November 2021. In 2020, it was only US$355 million, which shows how impressive of a run NFTs have made to create a new asset class in the crypto industry. At the beginning of 2021, the market was mainly dominated by sports highlights and…
The First Decentralized Betting Exchange NewThe world of online betting has had a controversial history with several attempts being made in the past to introduce a legal, compliant and secure space for bettors to enjoy. In the past, most of these projects failed due to legal issues, privacy concerns, and other inefficiencies. However, the introduction of blockchain technology in the…
TA: Bitcoin Attempts Recovery, Why BTC Could Revisit $60K NewBitcoin started a fresh increase above $57,000 against the US Dollar. BTC could extend recovery and it might revisit the $60,000 resistance in the near term. Bitcoin started a fresh increase above the $57,000 and $57,500 levels. The price is now trading above $57,000 and the 100 hourly simple moving average. There was a break…
Hackers Are Now Using Compromised Cloud Accounts To Mine CryptoAttackers are exploiting poorly configured cloud accounts to mine crypto, Google warned users in a recent report. Cryptocurrency mining is a computationally intensive activity. And Google Cloud customers can access it at a cost. However, miners are now hacking Google Cloud accounts for mining purposes. In the report titled “Threat Horizons,” Google’s cybersecurity team assessed…
3 Play-to-Earn Crypto Games Users Can’t Afford To MissIn 2021, the gaming industry have earned approximately $175 billion. As blockchain technology has become more prevalent in games, gamers are now enjoying the rewards of their efforts, with some earning up to $2,000 USD per hour on crypto games like Axie Infinity. As their popularity grew, so did their token prices. The Sandbox captivated…
Solana Could Become The Next Bitcoin, According To FTX’s Sam Bankman-FriedSam Bankman-Fried, the founder of the crypto exchange FTX, is optimistic about Solana (SOL). He believes that Solana has the potential to scale to Bitcoin’s (BTC) mass adoption level. Bankman-Fried added that Avalanche (AVAX) also has the potential to climb to the top. He also believes Solana is better than ethereum as it’s one of…
- Microstrategy Buys 7,002 More Bitcoins, Growing Crypto Stash to 121,044 BTCMicrostrategy has purchased 7,002 more bitcoins, growing its cryptocurrency stash to 121,044 coins. CEO Michael Saylor says, “Bitcoin is the only property you can truly own, as well as the first technology capable of granting property rights to everyone on earth.” Microstrategy Now Has 121,044 Bitcoins in Its Treasury The Nasdaq-listed company Microstrategy has purchased…
- Elon Musk Cosigns Tweet Warning Dogecoin Holders Against Margin TradingDogefather Elon Musk has recently cosigned a tweet that warns Dogecoin holders of the dangers of margin trading. This trading method usually used by experienced traders can prove incredibly risky because while there is a lot of profit to be made when a trade goes right, the loss can be devastating when a trade goes…
- Security Focused DeFi Project EverRise Upgrades Protocol and Launches on 3 BlockchainsPRESS RELEASE. EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is going live with an upgraded version 2 contract on Monday, November 29th at 11:00 pm UTC. The new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks through PancakeSwap, UniSwap, and QuickSwap, respectively, with one…
- BIS Innovation Hub partners with Fed to support analysis of digital assetsJerome Powell cited CBDCs and digital assets in his speech to open the New York Innovation Center at the Federal Reserve’s local offices.
- Twitter’s share price jumps as Jack Dorsey steps down as CEOJack Dorsey, the founder of Twitter, announced that he will be stepping down as the CEO of the company, effective immediately. The post Twitter’s share price jumps as Jack Dorsey steps down as CEO appeared first on CryptoSlate.
- Google Alerts Users About Malicious Actors Using Cloud for Cryptocurrency MiningGoogle has warned users about the use of its Google Cloud platform by malicious actors to mine cryptocurrencies. In its latest Cloud Threat Intelligence report titled “Threat Horizons,” which provides users with security insights, the company informed that 86% of the compromised instances on Google Cloud platforms were being used to mine cryptocurrencies. Most of…
- DeFi TVL hits new highs while Metaverse tokens show signs of exhaustionMetaverse tokens are starting to cool off while DeFi platforms register steady inflows that pushed the sector’s TVL to a new all-time high.
Market Wrap: Bitcoin Surpasses $15.3K; Ether Up 210% in 2020The price of bitcoin popped to new 2020 highs while ether has performed more than two times better than BTC so far this year.
Square Reports $1B in Quarterly Bitcoin Revenue for First Time: Q3 Earnings"Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020."
Buggy Code in This Compound Finance Fork Just Froze $1M in Ethereum TokensSome $1 million in Ethereum tokens is locked in a new DeFi app after its developers made changes to the protocol’s contracts.
Visa’s Planned $5.3B Purchase of Fintech Firm Plaid Challenged by US DOJThe Justice Department alleges Visa’s acquisition of Plaid would eliminate competition in the online debit market, leading to higher prices.