Day: December 14, 2021

3 reasons why Nexus Mutual (WNXM) price is holding steady in a volatile market

There is always going to be risks involved with interacting with cryptocurrencies and recent proof of this can be seen over the past few weeks after savvy hackers managed to abscond with millions of dollars worth of tokens from Bitmart, AscendEX and BadgerDAO exchange.  Nexus Mutual is a decentralized platform that allows investors to secure insurance coverage against smart contract exploits and today the altcoin rallied by 38% even as Bitcoin and the wider crypto market continue to correct. Data from Cryptox Markets Pro and TradingView shows that after hitting a low of $46.59…

Hololoot Celebrates an Overwhelmingly Successful Public Sale and Decentralized Listing – Press release Bitcoin News

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press release PRESS RELEASE. Hololoot is the market-leading AR NFT generator, marketplace and metaverse designed for widespread adoption. Built by AR industry veterans, Hololoot combines the latest developments in 3D modeling with the unique properties of NFTs to produce an app that is simultaneously powerful and easy to use. Their native token HOL, which unlocks the full potential of their platform, was launched recently on three launchpads: Seedify, Synapse and Enjinstarter. These IDOs smashed launchpad records, with First Come, First Served pools filling at an average of under a minute…

Market Wrap: Cryptocurrencies Stabilize as Traders Await the Fed

Bitcoin traded in a tight range around $46,000 on Tuesday. Some traders prefer to remain on the sideline until the U.S. Federal Reserve concludes its two-day monetary policy meeting on Wednesday, which could be a source of market volatility. Despite relative calm in crypto markets, equities traded lower as the CBOE Volatility Index (VIX) remained elevated around the 20 level. It appears that investors are in no rush to increase their risk exposure ahead of any Fed announcement out of the meeting. Also, economic headwinds continue to linger. “The failure…

Witnesses offer differing opinions on approach to stablecoins at congressional hearing

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The Senate Committee on Banking, Housing and Urban Affairs heard from several expert witnesses with knowledge of stablecoins who urged lawmakers to establish a clear regulatory framework but could not seem to agree on where lines would be drawn. In a Tuesday hearing on “Stablecoins: How do They Work, How Are They Used, and What Are Their Risks?” Hilary Allen, a professor at the American University Washington College of Law, Alexis Goldstein, director of financial policy at Open Markets, Jai Massari, partner at Davis Polk & Wardwell, and Dante Disparte,…

Bitcoin supera los $47.000 a la espera de una reunión de la Reserva Federal

Lennard Neo, jefe de investigación de Stack Funds, atribuye la reciente caída de bitcoin a la incertidumbre del mercado, que lleva a los inversores a evitar el riesgo. Bitcoin es considerado por algunos inversores como un activo de riesgo —caracterizado por un grado significativo de volatilidad de precios—, como los metales industriales, las acciones y las materias primas. En igualdad de condiciones, una política monetaria más restrictiva haría teóricamente menos atractivos estos activos de riesgo. CryptoX Portal

Bitcoin intenta superar los $47.000 a la espera de una reunión de la Reserva Federal

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Lennard Neo, jefe de investigación de Stack Funds, atribuye la reciente caída de bitcoin a la incertidumbre del mercado, que lleva a los inversores a evitar el riesgo. Bitcoin es considerado por algunos inversores como un activo de riesgo —caracterizado por un grado significativo de volatilidad de precios—, como los metales industriales, las acciones y las materias primas. En igualdad de condiciones, una política monetaria más restrictiva haría teóricamente menos atractivos estos activos de riesgo. Original

Tesla To Accept Dogecoin For Merchandise, Token Soars 30%

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Tesla CEO Elon Musk said the electric-car maker will take dogecoin as payment for its merch, causing the cryptocurrency to soar by as much as 33%. Elon Musk’s Revelation Sends Dogecoin Up 30% Prior to Musk’s revelation, the price of Dogecoin was declining, but it immediately soared by as much as 30%. According to cryptocurrency statistics website Coinmarketcap, it was recently up 26% at $0.2092. Musk said in a tweet: “Tesla will make some merch buyable with Doge & see how it goes. The Tesla CEO has long been a…

Bitcoin Is Free and Fair but Not Progressive

Strictly speaking, Bitcoin is for everyone. I like to think about this decentralized network as a type of public commons – it’s an open ledger that anyone can append, anyone can access, anyone can take part in. (I do.) It’s bigger than any single individual, corporation or government. To this extent, Bitcoin is one of the fairest – perhaps the most fair – monetary networks today. Source

Just How Bearish Are the Bitcoin and Crypto Communities?

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This episode is sponsored by NYDIG. Download this episode Today on “The Breakdown,” NLW looks at a few explanations for the current bearish sentiment turn, including: A belief that a bubble is finally bursting A larger market shift to risk-off based on inflation concerns and expectations around shifting monetary policy A normal crypto “micro-cycle” See also: The Elon Effect: How Musk’s Tweets Move Crypto Markets “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support…