Day: December 10, 2021

Cloud Computing Altcoin Skyrockets 116% After Listing on Crypto Exchange Binance

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A decentralized cloud computing governance token is surging after being listed on crypto exchange giant Binance. In a new announcement, Binance says that the native governance token of FLUX (FLUX), a comprehensive suite of developer-friendly application tools, will now be available for trading. The news sent the altcoin’s price vertical, leaping 64% from $1.15 to $1.89 almost instantly. FLUX peaked as high as $2.49 but has since corrected back to $1.96 for an impressive 70% gain. FLUX aims to provide the infrastructure developers require for Web 3.0 and decentralized applications…

Bitcoin Miners Hold Off On Selling As Their Reserves Reach 2021 High

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On-chain data shows Bitcoin miner reserve is growing as miners are accumulating BTC. The Puell Multiple confirms that miners don’t want to sell at the current price level. Bitcoin Miner Reserves Grow To Highest Value For The Year As pointed out by a CryptoQuant post, BTC miner reserve has been going up as miners seem to be waiting before selling. There are two indicators of relevance here. The first is the “miner reserve,” which is a metric that simply measures the amount of Bitcoin that miners are currently holding in…

FLUX, SFP and Badger DAO surge even as Bitcoin price falls to $47K

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The year-long mantra that the crypto market would see a blow-off top in December has proven to be a dud thus far and for the last week, most cryptocurrencies have been under sell pressure and Bitcoin (BTC) is encountering difficulty in trading above $47,000.  That said, it’s not all bad news for cryptocurrency holders on Friday because several altcoins have managed to post double-digit gains due to new exchange listings and protocol upgrades. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro…

What Intellectuals Still Don’t Get About Crypto

No, what got me was the “yes” in Stoller’s statement. It was a wink to the intellectual elite, as if to say, “Don’t worry, it’s okay to acknowledge that those crazies in the crypto community, while possibly well meaning in their critique of broken political-economic order, are, yes, Kool Aid-drinking cultists.” Source

Assembly announces $100M capital raise, receives praise from IOTA co-founder Dominik Schiener

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On Friday, Assembly, a decentralized layer one smart contract network built within the IOTA ecosystem, announced it had raised $100 million from private investors, including LD Capital, HyperChain Capital assembly, and Huobi Ventures. The project stated that the funds will be used to accelerate the development of decentralized finance protocols, nonfungible tokens, and play-to-earn crypto games. IOTA is a blockchain designed for facilitating internet-of-things transactions. Its proprietary technology consists of a system of decentralized acyclic graphs that can connect to one another in multiple vectors as opposed to in-series as…

Coinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included – Defi Bitcoin News

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The cryptocurrency exchange Coinbase has revealed that it has made decentralized finance (defi) more accessible by giving Coinbase customers from over 70 countries access to earning yield on the stablecoin DAI. Coinbase claims the process is simple with “no fees, lockups, or set-up hassle,” as the firm believes “defi has tremendous potential to help increase economic freedom.” Coinbase Now Offers Yield on the Defi Stablecoin Issued by Makerdao Coinbase has announced that it has opened up decentralized finance (defi) services to customers in more than 70 different countries. The news…

US Law Makers Engage with Crypto Industry Leaders to Discuss Regulation – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin has failed to hold the $50,000 level as it sits at around $47,585 today, after the U.S. House of Representatives Financial Services Committee hearing took place yesterday. Top executives from six major cryptocurrency companies, including Coinbase and Circle, gave congres a crash course on cryptocurrency and urged them to provide more clarity to the crypto industry. Prestigious crypto players called for careful and bespoke rules that will not force business overseas by being too restrictive. Chief Executive…