Day: December 14, 2021

Get Ready for the 2022 Metaverse Real Estate Boom

Still, real estate NFTs promise the ability to democratize property ownership, a space that has historically excluded a majority of the world. GoBankingRates quoted a research analyst at Grayscale Investments who noted that historically, real-estate value is largely influenced by proximity to shops, services and attractive neighborhoods. It remains to be seen if that may happen too in the metaverse, where players can “teleport around the world, making travel instantaneous and irrelevant to valuation.” Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk. Source

Bitcoin Holds Short-Term Support at $46K; Resistance at $50K

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Bitcoin (BTC) is holding steady around the $46,000 support level as oversold signals appear on the charts. This means short-term buyers could remain active into the Asia trading day, although upside appears to be limited toward $50,000. The tight trading range over the past two weeks coincided with slowing price momentum. Typically, trading volume declines when prices move sideways until a decisive breakout or breakdown is realized. On the daily price chart, initial signs of downside exhaustion have appeared for the first time since July, which preceded a price recovery.…

Why The Ethereum Foundation Launched A Client Incentive Program

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The non-profit organization that backs Ethereum has announced a new initiative to the benefit of the infrastructure supporting this blockchain. Launched to contribute to the network’s health and decentralization, according to an official post, the Client Incentive Program will promote diversification in the Ethereum ecosystem. Related Reading | TA: Ethereum Breaks Key Support, Why Bulls Could Still Step In In that way, the foundation believes Ethereum will become a stronger network capable of dealing with future attacks and issues. In addition, a more diverse network will have more participants deciding…

Data suggests traders view $46,000 as Bitcoin’s final line in the sand

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Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments.  When the move occurred, analysts quickly reasoned that Bitcoin’s 8.5% correction was directly connected to the Federal Open Market Committee (FOMC) meeting, which starts on Dec. 15. Investors are afraid that the Federal Reserve will eventually start tapering, which simply put, is a reduction of the Federal Reserve’s bond repurchasing program. The logic is that a revision of…

Multicoin Capital Exec Says There ‘May Not Be a Crypto Bear Market at All,’ Claims ‘Bitcoin Will Get Flipped’ – News Bitcoin News

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While the crypto economy has tumbled in value during the last two weeks, the managing partner at Multicoin Capital, Kyle Samani, recently shared his views on why he thinks the “next bear market will not be like the last one.” In fact, Samani remarks that there may not even be “a bear market at all.” Multicoin Capital Executive Claims the ‘Next Bear Market Will Not Be Like the Last One’ One thing is for sure, cryptocurrency investors are fearful of a full-on bear market like the past two crypto winters…

Shark Tank Star Kevin O’Leary Bullish on Coinbase Despite Heavy Correction of Crypto Exchange’s Stock – Here’s Why

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Shark Tank investor Kevin O’Leary says he’s optimistic about Coinbase’s long-term potential despite the considerable drop in the company’s stock price. In an interview with CNBC’s Halftime Report, O’Leary notes that while pressure from regulators stifled Coinbase’s plans to offer yields on the USD Coin (USDC) stablecoin in the US, the crypto exchange’s Lend product remains viable overseas. “The play on Coinbase is crypto infrastructure. They’re going to go to other jurisdictions where they’re allowed to allow staking because they’re a global platform. They’re getting very savvy at it. They’re…

Block Launches Cash App Feature Allowing Users to Gift Bitcoin

Payments firm Block, formerly known as Square, will allow its Cash App users to gift as little as $1 in stock or bitcoin, according to a Tweet Tuesday. ”It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it,” the company said in its Tweet. Block joins other companies that are offering similar features. In May, PayPal said that it was going to make third-party wallet transfers available for PayPal and Venmo users. Coinbase also has…

Block’s Cash App Launches Feature Allowing Users to Gift Bitcoin

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Payments firm Block, formerly known as Square, will allow its Cash App users to gift as little as $1 in stock or bitcoin, according to a tweet on Tuesday. ”It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it,” the company said in its Tweet. Block joins other companies that are offering similar features. In May, PayPal said that it was going to make third-party wallet transfers available for PayPal and Venmo users. Coinbase also has a gifting feature where users can…

What Is ShibaSwap?

ShibaSwap is the native decentralized exchange (DEX) of the shiba inu coin project; a popular meme coin and leading competitor of dogecoin that has risen to fame over the last 18 months. DEXs operate differently from centralized platforms such as Binance and Kraken by allowing users to swap tokens without the need for an intermediary or counterparty. Launched in July 2021, the ShibaSwap exchange provides many of the same functions you would find on Uniswap and other decentralized exchanges, such as token swapping and liquidity pools, with the addition of…