Day: November 29, 2021

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Crypto Exchange Kraken to List Shiba Inu, Fulfilling Nov. 1 Twitter Promise as SHIB’s Fortunes Fall

Cryptocurrency exchange Kraken will support the popular, Ethereum-based memecoin shiba inu (SHIB), which is expected to begin trading Tuesday, the company said in a blog post on its website Monday. The announcement comes less than a month after Kraken failed to fulfill a promise in listing SHIB after its crypto platform product lead Brian Hoffman issued a Twitter “likes” challenge. Following an uproar among SHIB supporters, the company said there was “more work” to do as it moved through its token listing review process. Kraken said Monday the minimum, required…

Sixth International Exchange Agreement From Bitci Technology – Bitcicoin Will Be on Bittrex on December 3, 2021

Bitci Technology, one of the world’s leading fan token platforms, continues its global expansion. Bitcicoin, the mainnet coin of the Bitci Chain network, which will start trading on Bittrex at 19:00 UTC on Friday, December 3, 2021. Bitci Technology – which is the only fan token partner of the world’s leading teams and organizations such as Brazil and Spanish national teams, McLaren Formula 1 team, MotoGP, FIBA, Sporting Lisbon, Wolves and others – continues to meet with international investors. Bitci, which has listing agreements with exchanges such as XT, Finexbox, ProBit, BigOne,…

Key data points suggest the crypto market’s short-term correction is over

The performance of cryptocurrencies in the past 7 days might have seemed slightly unexciting, especially since the total market capitalization increased by “only” 1.8% to reach $2.7 trillion. However, even with the muted price action, some altcoins managed a decent rally. Bitcoin (BTC), on the other hand, was down 6% until Nov. 28, but it still managed to close the week up 1.5% after a $3,200 rally on Sunday night.  Winners and losers from the top 80 coins. Source: Nomics Metaverse tokens are still pushing to new highs The metaverse…

Will Litecoin Repeat Its 2017 Bull Cycle? Crypto Exchange Kraken Says LTC Seeing Unprecedented Demand and Network Activity

Digital asset exchange Kraken is looking at the on-chain metrics of Litecoin to determine whether the peer-to-peer payments network can duplicate its 2017 bull market performance. In a new report, Kraken highlights that in December 2017, Litecoin (LTC) surged 638% in just 30 days from $50 to $369. According to Kraken, LTC is flashing on-chain signals that foreshadowed its abrupt rally during the 2017 bull cycle. “On-chain activity shows that not only has network demand started to trend higher and enter into what might be the next ‘growth wave,’ but…

Galaxy Digital raises $500 million in convertible debt to fund business expansion

Galaxy Digital, a cryptocurrency brokerage and merchant bank founded by billionaire investor Michael Novogratz, announced on Monday that it would be issuing $500 million in exchangeable senior notes to accelerate business initiatives. The debt is convertible into company equity and bears an interest rate of 3% per annum, with maturity in 2026. New expansion areas include non-fungible tokens, or NFTs, with the firm committing $62 million of its capital into 22 NFT related companies since the start of the year. Over the years, Galaxy Digital founder and CEO Mike Novogratz…

Plan B Says Bitcoin Price Still ‘on Track Towards $100K’ Despite Missing November’s Price Prediction – Market Updates Bitcoin News

This 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 missed the mark in November. Despite the recent bitcoin price drop, Plan B still seems confident bitcoin’s price is “on track towards $100K.” Plan B’s Bitcoin Price Prediction for November Misses the Analyst’s $98K Call…

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What Is Cryptocurrency?

Cryptocurrency is a relatively new type of money that operates in a completely different way than the traditional currency we all use every day. The most basic difference is that it’s exclusively a virtual currency, meaning there are no physical cryptocurrency coins or notes you can keep in your back pocket. It’s also issued, or created, in a unique way. Instead of being produced by a central bank or government, like U.S. dollars, euros and other fiat currencies are, new cryptocurrency units typically enter circulation through a technological process that…

The Future of Money: A History

Cryptocurrency is a revolution, but maybe it’s not the revolution you imagined. That’s because more than anything, crypto is a revolution in accounting. While most people might not think much about accounting, without it we’d still be hunting and gathering instead of blasting satellites into space or communicating instantly on a network that circles the globe. Without accounting, you wouldn’t be reading this article on your iPad, or streaming music on Spotify or renting an Airbnb for your next vacation. Without accounting, there’s no commerce or trade. Without commerce, there…