Day: September 23, 2021

Ethereum-Based Gaming Altcoin Surges After Launching on Crypto Exchange Binance

A free-to-play gaming altcoin is seeing serious growth after being listed on global crypto trading platform Binance. Illuvium (ILV) is a decentralized role-playing game (RPG) utilizing non-fungible tokens (NFTs). The open-world adventure game is built on the Ethereum (ETH) blockchain and its native crypto asset just made its debut on Binance.   The altcoin witnessed a 40% spike as word of its addition to Binance spread on Tuesday, according to CoinGecko. The game is designed to allow players to collect NFT creature tokens through online battle, using the ILV token…

Rich Dad Poor Dad Author Calls Evergrande a ‘House of Cards’ While China’s Officials Prep for Firm’s Demise – Economics Bitcoin News

The world is still focused on the financial downfall of China’s real estate giant Evergrande and according to Chinese authorities have told the private sector to get “ready for the possible storm.” Reports show that even though the People’s Bank of China already provided $18.6 billion in liquidity to ease the brunt, Beijing may not be so willing to bail the company out. Chinese Authorities Warn of a ‘Possible Storm,’ PBOC Injects $18.6 Billion Into China’s Markets Financial markets could still be in for an unruly storm if Evergrande defaults…

Bitcoin bulls make a run on $45K after Twitter debuts crypto tipping

Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week’s volatility which was the result of regulatory pressure on the crypto sector, the FOMC meeting on the Fed’s interest rate hikes and monetary policy, along with fears that the Evergrande situation would ripple out to impact global financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after trading in a range between $43,000 and $44,300 during the early trading hours on Thursday, the price of BTC spiked…

A case study for stablecoin compliance and security

Stablecoins have emerged as significant players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency times. These currencies are defined as a type of digital currency that can be pegged to underlying real-world assets or backed by them. These assets can be anything from fiat money, commodities like gold or silver, or even another cryptocurrency. As their name suggests, stablecoins are designed to have a value that stays (rather) stable like cash, a contrast to the volatility common in cryptocurrency trading today. To…

Why you should buy and invest in Bitcoin and other cryptos II Techtalks

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Bitcoin Bearish Signals Go Off Despite Recovery Above $44k, Dead Cat’s Bounce?

Bitcoin observes a few different bearish signals going off despite strong recovery above $44k, could it be a dead cat’s bounce? On-Chain Data Shows Bitcoin Miners Have Started Selling, Funding Rates Have Turned Negative   As explained by a CryptoQuant post, a bunch of bearish Bitcoin signals have gone off despite some fresh movement up. First, the miners reserve has started to decline. This indicator shows the total number of coins that miners are holding in their wallets. A downtrend in the metric’s value suggests miners have started sending their…

The Dreaded Federal Reserve Taper Is Coming

This episode is sponsored by NYDIG. Download this episode Today on “The Breakdown,” NLW examines the upcoming Federal Reserve winding down, or taper, of its support for the markets. This includes scaling back its bond-buying programs, a process that could begin as early as next month and conclude the middle of next year. Plus, the Fed may raise interest rates before the end of 2022. Additionally, on the Brief, he covers: A $50 million fundraise for a former ConsenSys exec A new social token focused accelerator Invesco and Galaxy team…

Is the Dollar Doomed? — CoinDesk

A more likely outcome is an erosion in the shares of currencies such as the euro, the British pound sterling, and the Japanese yen, while the dollar remains largely unscathed. After all, stablecoins pegged to the dollar would simply make it easier to gain access to the world’s leading currency. If Diem were to provide equally accessible versions of coins linked to the dollar, the euro and a few other major currencies, it is a fair bet that, at least initially, demand would be strongest for the dollar-backed coins. Source

MiamiCoin Going Mainstream ‘Faster Than Bitcoin,’ Mayor Suarez Says — CoinDesk

MIA runs on the Stacks protocol, which in turn runs on top of the Bitcoin network. People can “mine” MIA by sending STX, the native token of Stacks, to a smart contract, which forwards 30% of those contributions to a wallet reserved for the city. Last month, the city voted to accept those funds, now worth $7 million. Suarez said Thursday the project is generating over $2,000 every 10 minutes for the municipality. Original

Top NFL Prospect Kayvon Thibodeaux Taps Rally to Launch Own Cryptocurrency — CoinDesk

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