Day: December 2, 2021

CZ is wealthiest Chinese person with $90B, NFT yachts, and MonoX hacked – Cointelegraph Magazine

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   Top of the food chain This probably won’t come as a surprise to anyone in the crypto industry, but Binance founder CZ has been crowned the richest Chinese person in the world. The list appeared in Caijing Magazine, a financial publication based in Beijing. CZ was credited as having a net worth of around $90 billion, a huge…

First Mover Asia: Markets in Wait-and-See Mode; Bitcoin Hovers Around $57K

Good morning. Here’s what’s happening this morning: Market moves: Bitcoin moved little, while the “tether premium” dropped as Huobi’s deadline approaches. Technician’s take: Long-term momentum is starting to fade, which could limit price gains this month. For now, BTC is holding support above $53K. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $56,604 -1% Ether (ETH): $4,536 -1.1% Markets S&P 500: $4,577 +1.4% Dow Jones Industrial Average: $34,639 +1.8% Nasdaq: $15,381 +0.8% Gold: $1,768 +0.7% Market moves Bitcoin remained…

Increased utility in DeFi, NFTs back Ethereum’s 3-year high in its ETH/BTC pair

This week, Ether (ETH) price reached a new 2021 high against Bitcoin (BTC), bringing its year-to-date returns slightly above 350% and according to technical analysis, the rally could extend even further. On Dec. 1, bids for the ETH/BTC pair hit 0.0835 BTC on Coinbase for the first time this year. The upside move came as a part of an uptrend that started mid-October after Ether bottomed out against Bitcoin at 0.0630 BTC to carve out almost 41% price retracement. ETH/BTC daily price chart. Source: TradingView Growing adoption propels Ether’s boom…

Ethereum About to GO BERSERK! (Bitcoin & Crypto Run COMING)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, I give you the top crypto news stories of the day in less than 3 minutes. Ethereum is sitting right around its all time high, but is it just getting ready to explode? Facebook is going ALL IN on the metaverse. They even rebranded their name to “Meta”. A bunch of Bitcoin options expire tomorrow, looking to build a new level of support. Finally, we’ll discuss the recent rise of meme coins. How to join Cardano (ADA) BitPool ➡️…

Michael Saylor Calls Bitcoin the World’s Reserve Asset but Not so Good for Buying a Cup of Coffee

Viewing bitcoin as an asset rather than as a currency also makes life easier from a regulatory perspective. “All of these regulations … they’re really regulations restraining your use of a digital asset as a currency rather than as a property,” Saylor said, adding that if you acknowledge that, it’s easy to see that the future of the industry is “quite bright.” Source

Riot Blockchain Raises 2022 Hashrate Guidance for Second Time in a Month

One of the largest bitcoin miners, Riot Blockchain (RIOT), raised its 2022 guidance for its mining power to 9.0 exahash per second (EH/s) from the previous forecast of 8.6 EH/s, marking the second increase to its 2022 guidance within a month. Riot attributed the increase to the purchase of 3,000 of Bitmain’s latest mining machines, the S19XP, which are expected to be delivered and deployed by December of next year, according to a statement. The miner noted that the increase in its hashrate guidance doesn’t include any potential benefits from…

Jurors in Billion-Dollar Bitcoin Trial Deadlocked for Days — Hung Jury Could Lead to Mistrial – Bitcoin News

Jurors in the Kleiman v. Wright trial are currently unable to come to a decision on the high-profile billion-dollar bitcoin lawsuit in Florida. While the judge has told the jury to take time deliberating the case, on Wednesday, the jurors issued a statement that explained they could not “come to a conclusion.” Kleiman v. Wright Jurors Unable to Make a Decision — Judge Issues Allen Charge Extending Deliberation Time Following the Thanksgiving holiday in the United States, jurors from the Kleiman v. Wright case have been deliberating on their decision…

Cardano Records Over 20 Million Transactions Ahead of DEX Launches

The Cardano network remains one of the most stable blockchains in the crypto space. Founded in 2017, the network remains the largest proof of stake network in the industry. It holds the title for the proof of stake network with the highest amount of coins staked, only recently conceding to Solana to become the smart contracts platform with the second-largest amount of coins staked. Nevertheless, Cardano remains a force to be reckoned with and its latest achievement has shown that. Network activity has picked up on the network since the…

Okcoin hires former Facebook spokesperson Randi Zuckerberg to grow female user base

Cryptocurrency exchange Okcoin has announced Randi Zuckerberg — the sister of Meta CEO Mark Zuckerberg — will be joining the platform’s brand advisory council in its aim to bring more women into crypto. In a Thursday announcement, Okcoin said that in addition to hiring Zuckerberg, the exchange would be committing $1 million in an attempt to reach a 50% female user base by 2025. Zuckerberg was the former director of market development and a spokesperson for Facebook until she resigned in 2011, moving on to start her own social media…