Day: December 2, 2021

Regulatory fears put a damper on Ethereum traders’ $5,000 target

This week Ether (ETH) price came within 2% of its all-time high, and on Dec. 2 the altcoin reached its highest price in Bitcoin (BTC) terms since May 2018. Ether hitting 0.0835 in its BTC pair represents a 229% gain for 2021, but Ether bulls might come out empty-handed from this Friday’s $680 million options expiry. ETH/BTC price at FTX. Source: TradingView Notice the ascending channel formation initiated in mid-October, which likely reflects the network’s $177 billion total value locked in smart contracts (TVL). Moreover, Ether’s ETH 2.0 beacon chain…

Is Another Black Swan Brewing?

Back in March of 2020, those taking position ahead of the Bitcoin halving were blindsided by the Black Thursday market selloff, driven by panic at the onset of the COVID pandemic and subsequent lockdowns. With the new Omicron strain making headlines, and lockdowns once again considered, could the cryptocurrency market be facing another dangerous macro storm and catastrophic collapse? Omicron & The Return Of The Black Swan Trend Line According to Wikipedia, a black swan is “an event that comes as a surprise, has a major effect, and is often…

MercadoLibre plans to accept BTC and cryptocurrencies as payment for all products

MercadoPago, the fintech arm of e-commerce giant MercadoLibre, has enabled its Brazilian customers to buy, sell and hold Bitcoin (BTC), Ether (ETH) and the Paxos-issued U.S. dollar-backed stablecoin Pax Dollar (USDP). In a statement issued Thursday by U.S.-based Paxos, the blockchain infrastructure platform used by PayPal and Facebook, the partnership between MercadoPago and Paxos will allow users to pay for all products sold on the platform using cryptocurrency. Today marks another huge milestone in #crypto. @mercadopago, the largest payments provider in #LatAm, will offer Brazilian customers the ability to buy/sell/hold…

Gaimin․io Developed a PC-Based Platform to Create a Global, Decentralized Data Processing Network – Sponsored Bitcoin News

sponsored UK and Swiss based gaming and blockchain company, GAIMIN.IO Ltd has developed a PC-based platform to create a global, decentralised data processing network with “supercomputer” level performance. The GAIMIN platform utilises underused processing power available from high performance GPUs and rewards users in its own cryptocurrency, GMRX, for participation in the GAIMIN data. Why is the GAIMIN platform needed? The Digital Revolution has created a large number of new industries, each with their own ever increasing demand for processing data. The powering of blockchain computations is one example. Within…

Crypto Investment Firm Maven 11 Capital Closes $120M Fund

Venture Fund II differs from Maven 11′s first fund in being closed-ended and having a wider group of backers, including wealthy individuals, crypto entrepreneurs, family offices and institutions. The new fund has already deployed investments into gaming-focused DAO Merit Circle, lending platform Maple Finance, layer 1 blockchain Anoma and DeFi dashboard Zapper, among others. Source

Gravitas: India Cryptocurrency Ban: All you need to know | Private vs Public cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What is a ‘private cryptocurrency’? How many Indians use cryptocurrencies? Will the Cryptobill really get passed? Will cryptocurrencies be banned or regulated? Which other countries have taken similar steps? Palki Sharma tells you everything about India Crypto Ban. #India #Cryptocurrency #Gravitas About Channel: WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we…

WazirX, Presearch and Komodo rally after data shows a surge in user activity

The characteristically volatile nature of the cryptocurrency market is back in full force on Dec. 2 after the optimism of the past couple of days has transformed into fear and Bitcoin price slid back below $57,000. Despite the pressure being exerted on many of the top cryptocurrencies, several altcoins have managed to buck the trend and post double-digit gains on Dec. 2. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past…

The Radical Pluralism of Money

The Khan’s currency united all the stories about money because the Khan wielded all the coercive power. But the reverse is also true: He wielded all the coercive power because he united all the stories about money. Today, when we try to conjure one money to rule them all, we are implicitly seeking to concentrate coercive power in whomever holds that money. Yes, this is a critique of Bitcoin, but don’t fail to notice that it’s also a critique of “universal” basic income. I fervently wish to guarantee everyone a…

Blockchain.com Grows Presence In Latin America With SeSocio Acquisition – Bitcoinist.com

One of the world’s oldest crypto companies, Blockchain.com, has acquired SeSocio, a crypto company based in Argentina. Both parties announced it on their respective blogs on Tuesday. According to the announcement, this is Blockchain.com’s “largest acquisition to date,” although it did not disclose the amount. With its acquisition of one of the largest cryptocurrency businesses in Latin America, Blockchain.com plans to accelerate its growth and drive crypto adoption in the region. Related Reading | Crypto.com Acquires Two Trading Platforms From IG Group In $216 Million Deal Founded in 2011 as a blockchain data…