Day: December 13, 2021

First Mover Asia: Bitcoin, Ether Tumble Ahead of Federal Reserve Meeting

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(Edited by James Rubin) Good morning. Here’s what’s happening this morning: Market moves: Bitcoin fell as investor jitters grew over the upcoming Fed decision on combating inflation. Technician’s take: A breakdown in BTC could damage the intermediate-term trend despite oversold signals. Prices Bitcoin (BTC): $46,963 -6.7% Ether (ETH): $3,800 -8.75% Markets S&P 500: $4,668 -0.9% Dow Jones Industrial Average: $35,650 -0.8% Nasdaq: $15,413 -1.3% Gold: $1,786 0.2% Market moves Bitcoin fell by more than 7% on Monday, the biggest daily percentage drop since Dec. 4, as stocks in the U.S.…

Robinhood Working on New Crypto Gifting Feature: Report

Code discovered in a beta version of Robinhood’s iPhone app reveals the popular no-fee trading platform is considering adding a feature that allows users to send cryptocurrency to each other via digital gift cards, according to a Bloomberg report. The cards can be accompanied by messages up to 180 characters long, and the money can be retracted anytime before it is accepted by the recipient, according to Bloomberg. The code was found in a beta version of the app by developer Steve Moser that was shared with Bloomberg. In the…

Crypto Bull Cathie Wood Says Ethereum Is More Undervalued Than Bitcoin

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The Bitcoin versus Ethereum debate has been going on for years and waxes stronger as the market grows. Pitting the two top cryptocurrencies against each other has been one of the greatest pastimes for the market. However, not everyone subscribes to the school of thought that they are in competition. ARK Invest CEO Cathie Wood is known in the crypto space for giving her outlook on Bitcoin but Ethereum has been largely left out of the conversation. Wood is mostly known in the space for her bitcoin at $500,000 prediction,…

Look out below! Analysts eye $40K Bitcoin price after today’s dip to $45.7K

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On Monday, Bitcoin’s short-term outlook worsened after the price fell to an intra-day low at $45,672, a far cry from the weekend’s promising rally above the $50,000 level.  With the year nearly complete, and all-time highs nearly 33% away, traders are most likely readjusting their expectations and pushing the $100,000 BTC target a bit further into 2022. Daily cryptocurrency market performance. Source: Coin360 Day traders, 4-hour chart watchers and over-leveraged longs are likely freaking out (unless they went short from $50,000 over the weekend or at this morning’s weakness), but…

Robinhood Turns to Chainalysis to Boost Compliance Ahead of Crypto Wallet Launch – Featured Bitcoin News

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Popular trading platform Robinhood has partnered with blockchain data platform Chainalysis to meet compliance requirements. Robinhood is preparing to launch its wallet, which has a waitlist of more than 1.6 million users. Robinhood Partners With Chainalysis for Compliance Blockchain data analytics firm Chainalysis announced Monday “an integrated partnership with online brokerage app Robinhood Crypto.” The company explained: Robinhood will leverage Chainalysis data and tools to meet compliance requirements and provide Robinhood customers with the confidence they need to trade cryptocurrency safely. Robinhood Crypto will adopt Chainalysis KYT and Chainalysis Reactor.…

The First of Its Kind Metachain Project, ShuttleOne Joins Tezos Protocol – Press release Bitcoin News

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press release PRESS RELEASE. ShuttleOne, the latest project to embrace Tezos, to soon drive adoption and liquidity while resolving blockchain fragmentation. Singapore: Tezos, the highly scalable, self-amending proof of stake blockchain protocol is opening its arms to ShuttleOne – a one of its kind Metachain solution aimed at addressing the fragmentation issues in the crypto industry. The adoption of Tezos by ShuttleOne is marked by the upcoming launch of its native $SZO token on Tezos over Instaraise IDO platform. ShuttleOne, the operating system for blockchain-based financial applications offers innovative products…

11 Years Ago Today, Satoshi Disappeared

This episode is sponsored by NYDIG. Download this episode Eleven years ago, on Dec. 13, 2010, Satoshi Nakamoto posted on the BitcoinTalk forum for the last time. He would pop up in emails here and there for a few more months, but for the majority of the Bitcoin community, he was gone. In today’s episode, NLW explores how the Bitcoin community was changing, and how the legacy of that period remains with us today. Read more about the transition to the post-Satoshi era from Pete Rizzo on Bitcoin Magazine: https://bitcoinmagazine.com/technical/what-happened-when-bitcoin-creator-satoshi-nakamoto-disappeared See also:…

How the Economics of Bitcoin and Ethereum Shape Their Cultures

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Ethereum’s economics are an interesting contrast to bitcoin’s monetary minimalism. It is important to state, especially in today’s needlessly adversarial environment, that Ethereum is not primarily concerned with economics. Rather, Ethereum is first and foremost a distributed world computer with its own native currency. However, it can be imagined as a kind of home for the vast token economy built on top of it: DAOs, DeFi, NFTs (or decentralized autonomous organizations, decentralized finance and non-fungible tokens, respectively). Original

Sportswear Giant Nike Purchases NFT Fashion and Collectibles Startup RTFKT

“This acquisition is another step that accelerates Nike’s digital transformation and allows us to serve athletes and creators at the intersection of sport, creativity, gaming and culture,” Nike President John Donahoe wrote in a blog post. “We’re acquiring a very talented team of creators with an authentic and connected brand. Our plan is to invest in the RTFKT brand, serve and grow their innovative and creative community and extend Nike’s digital footprint and capabilities.” Source