Day: December 17, 2021

What Makes Bitcoin Price Go Up … or Crash Down?

Traditional financial products can also have an impact on the market price of bitcoin, particularly derivative products that represent contracts that track the underlying price of BTC. As we’ve already discussed, leveraged futures trading can often fuel steep price changes, but so can other products such as crypto options. In short, crypto options give investors the right, but not the obligation, to buy or sell the underlying asset (in this case, bitcoin) at a certain price (known as the strike price) prior to, or on, a certain date. Source

Struggling Prices Beats Bitcoin Expectations Down From $100K To $50K

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At the height of the bitcoin rally, end-of-year predictions had flown around with abandon. Most had placed the price of the digital asset at $100,000 before 2021 ran out. With the movement of the asset at that point, one could easily look at those predictions and see how it could be a possibility. However, the crypto market has proved again that there is really no telling what might happen with it. Bitcoin had ridden the wave up to $69,000 but that would prove to be the top of that rally…

Polygon, Reddit Co-Founder’s VC Firm Launch $200 Million Social Media Web3 Fund – Bitcoin News

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The team behind Polygon, the protocol dedicated to interconnected blockchain networks like Ethereum, and Alexis Ohanian’s Seven Seven Six venture capital company have revealed a $200 million investment fund in blockchain-based social media projects. According to the announcement, the partner’s mission is to attempt to bridge blockchain, Web3 technology, and social media together. Polygon and Alexis Ohanian’s Seven Seven Six Launch $200 Million Fund Dedicated to Web3, Blockchain, and Social Media Polygon and Alexis Ohanian’s firm Seven Seven Six plan to bolster Web3 technology with social media via blockchain compatibility…

How to Gift Bitcoin, NFTs and Other Crypto

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Cryptocurrency exchanges are trading platforms that allow you to purchase a wide range of different cryptocurrencies using a selection of fiat currency options (U.S. dollars, U.K. pounds, euros, etc.) or other cryptocurrencies. Some exchanges are geared more towards experienced traders, while others make buying cryptocurrency much more accessible to complete novices. Original

Melania Trump drops NFT, Arabian Camels produces NFT film and Whitney Houston keeps selling hits

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Catch up on nonfungible token (NFT)-related news this week from restaurants to movies and music. Below is a roundup of stories you don’t want to miss.  Melania Trump’s eyes become an NFT Former first lady Melania Trump launched her own NFT platform and dropped her first digital collectible titled “Melania’s Vision,” which will be on sale through the rest of the month. “Melania’s Vision” is a watercolor art piece by artist Marc-Antoine Coulon. The limited-edition digital artwork will be available for 1 SOL ($150) and includes an audio recording from…

Tron Says Goodbye To Founder, But Where Is Justin Sun Going?

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Justin Sun, Tron Foundation’s founder and one of the most controversial figures in the crypto space, will leave his current position. The entrepreneur has accepted an offer from the Government of Grenada and will work as the country’s new Ambassador to the World Trade Organization (WTO). 🎉🎉🎉Congratulations @HEJustinSun on his appointment as Ambassador, Permanent Representative of Grenada to the World Trade Organization. @WTO #WTO Minister of Foreign Affairs Oliver Joseph with H.E. Mr. Justin Sun👇👇👇 pic.twitter.com/q3mdUULqa3 — GrenadaWTO🇬🇩 (@GrenadaWTO) December 17, 2021 The TRON founder was received by Grenada’s Minister…

Bitcoin Options Market Leans Bearish as Some Altcoins Outperform

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BTC is roughly flat over the past week, compared with a 1% drop in ether (ETH), a 5% rise in Solana’s SOL token, and a 38% rise in Avalanche’s AVAX token over the same period. The wide dispersion in crypto returns this week suggests that investor appetite for risk remains strong. Typically, the overall crypto market begins to trend higher when alternative cryptocurrencies (altcoins) start to outperform bitcoin. Original

Russia to Decide Between Full Ban and Legalization of Crypto Investments, Trade – Regulation Bitcoin News

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Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on buying crypto assets, lawmakers are moving forward with efforts to adopt rules for mining, exchange, and taxation that would effectively legalize cryptocurrencies. Russian Officials Debate Over Alternative Crypto Regulations Russian institutions, including the central bank and the lower house of parliament, the State Duma, are mulling over how to put the country’s growing crypto space in order. The head of…

US Financial Stability Oversight Council identifies stablecoins and cryptos as threats to financial system

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In an annual report published on Friday, the United States Financial Stability Oversight Council, or FSOC, voiced its concern over the adoption of stablecoins and other digital assets.  Regarding stablecoins, the FSOC said consumer confidence could be undermined by factors such as illiquidity, lack of appropriate safeguards, opacity regarding redemption rights, and cyber attacks. “A run on stablecoins during strained market conditions may have the potential to amplify a shock to the economy and the financial system,” the report said. The report also alerted to developments in decentralized finance, or…

The Lifecycle of a DAO: Inside a Cultural Phenomenon

The Discord channel was filled with anons greeting each other: “Gm.” “Good morning.” “Good morning.” To some, it started as an innocuous way of saying “good morning.” “IRC/Discord has been around forever and never had a culture of gm’ing each other – but with crypto – specifically post COVID – it felt like for the first time people’s job was virtual first to ‘commute’ to the computer, log into Discord, be social with each other, day trade, and build things – while saying, ‘Yes, I am present today – I…