Day: December 16, 2021

Minereum World Metaverse Is Planned to Be Launched in Q1 2022, Land Pre-Sale Is Live – Sponsored Bitcoin News

boss

sponsored Minereum, the project behind the first self-mining smart contract, welcomes you to The Minereum World – an exciting and interactive play-to-earn 3D game venture where users can come together virtually in the metaverse! The goal of the game is to grab and own as much land as possible! The more land you own, the more cubes you will get, leading to more and more Minereum. Want to know more? Find out below. Introducing the Minereum World Metaverse Minereum has recently announced to the community that its entering the Metaverse…

On-Chain Data Hub Nansen Eyes Aggressive Growth With $75M Raise

If blockchain technology is going to become the backbone of a new financial infrastructure, some company will have to serve as an intelligence hub for its data – storing the world’s information and making it useful, as the old Google saying goes. With a $75 million raise backed by some of the world’s leading investment firms, on-chain analytics platform Nansen is now positioning themselves to do just that. On Thursday Nansen announced the raise led by Accel and including participation from GIC (Singapore’s sovereign wealth fund), Andreessen Horowitz (a16z), Tiger…

How Stablecoins Merge Traditional and Decentralized Finance

Stablecoins provide a lot of the plumbing in the crypto ecosystem. Because there is demand for stablecoins, there is usually an above-average rate for borrowing and lending them. Investors are able to earn interest with stablecoins by depositing into various lending pools. Smart contracts – the code that runs crypto lending pools – are acting as traditional banks in this scenario, where savers are providing the liquidity to borrowers. Unlike traditional finance (TradFi), most liquidity pools provide instant liquidity. This concept is referred to as DeFi, and it is growing…

The Top 5 Tax Tips for NFT Investors

The non-fungible token (NFT) market has grown into a multibillion-dollar sector of the crypto industry, with top collections like CryptoPunks and Bored Ape Yacht Club trading for tens of millions of dollars or more. Needless to say, it’s been a wild year for NFT investors, who should use the last few weeks of 2021 to prepare for tax season in April. “Right now in December – before the year ends – you want to have an understanding of what your tax position is and your capital gains amount,” says Kate…

Bitcoin Heads For Short Squeeze? Why ETH Could Outperform Here

boss

Bitcoin has been trending to the downside in the past weeks as investors grew more nervous about the macro-economic outlook. As of press time, BTC trades at $49,072 with a 2% profit in the past day. Related Reading | Kraken CEO Says Bitcoin Below $40k Is A Buying Opportunity BTC trends to the downside in the 4-hour chart. Source: BTCUSD Tradingview Following the Federal Open Market Committee (FOMC) where the U.S. Federal Reserve Chairman Jerome Powell talked about digital assets and potential changes to the institution’s monetary policies, Bitcoin remains…

Music NFTs Are Set for an Explosive 2022

Take Spotify. With nearly 400 million active users, half of those paying, it is by far the most widely adopted and popular music streaming service. There are around 8 million artists on Spotify who fight for attention daily, only to be overpowered by more renowned counterparts like Taylor Swift, Billie Eilish and Kanye West. It’s a challenging landscape for any artist if they aren’t at the top, especially when artists aren’t able to wholly capture the proceeds from their work. “Rights holders” on Spotify pocket up to 70% of streaming…

Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms – Mining Bitcoin News

boss

A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the Chinese capital has recently rejected a lawsuit seeking damages from a crypto company. It was filed by one of its clients who failed to make a return on his investments in bitcoin mining, the Hong…

Upbit crypto exchange’s blockchain sister firm raises $60M

Dunamu, the operator of major South Korean cryptocurrency exchange Upbit, is progressing with blockchain development as its blockchain arm Lambda256 secured new funding. According to a Dec. 15 announcement, Lambda256 raised 70 billion Korean won ($60 million) in a Series B round, valuing the company at over $300 million. The firm is focused on enterprise-grade chains for businesses, building on its own blockchain protocol called Luniverse. The funding round included major venture capital firms and individual investors like tech giant Hanhwa Systems, travel tech startup Yanolja, bikes manufacturer Daelim, DSC…