Day: December 20, 2021

Inside the DeFi Vending Machine

DeFi opens up a world of financial possibilities for those with access to stablecoins and cryptocurrencies regardless of their identity, nationality or location. The downside, for now, is that DeFi can be expensive for retail users. The fees for using the Ethereum blockchain, aka “gas fees,” can exceed $300 per transaction, no matter if you’re a so-called whale making a million-dollar investment or just trying to convert $100 worth of stablecoins into ether or another cryptocurrency. Source

Do Kwon, Terra Claim SEC Violated Procedure in Ongoing Legal Fight

Terraform Labs and its CEO, Do Kwon, are challenging the U.S. Securities and Exchange Commission (SEC), claiming the regulator improperly served Kwon subpoenas at Mainnet 2021 despite not having jurisdiction over Kwon or his company. They have asked a New York court to dismiss the subpoenas. Terraform filed a motion last Friday opposing an SEC effort to compel Kwon and Terraform Labs to cooperate with subpoenas issued in the SEC’s ongoing investigation of Terra’s Mirror Protocol. The SEC filed its motion last month after Terraform and Kwon sued the agency…

Instagram Is ‘Exploring NFTs’ to ‘Make Them More Accessible to a Wider Audience,’ Says CEO – Bitcoin News

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According to the CEO of Instagram, Adam Mosseri, the social media application is looking into non-fungible token (NFT) technology. During an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.” Instagram CEO: ‘We Are Definitely Actively Exploring NFTs’ Following the firm’s parent company Facebook transforming itself into Meta, Instagram’s CEO Adam Mosseri discussed NFT technology on Saturday. The Instagram story was part of a series of AMA questions directed at the company’s lead executive. When asked his thoughts on…

Crypto regulation is coming, but Bitcoin traders are still buying the dip

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Looking at the Bitcoin chart from a weekly or daily perspective presents a bearish outlook and it’s clear that (BTC) price has been consistently making lower lows since hitting an all-time high at $69,000. Bitcoin/USD on FTX. Source: TradingView Curiously, the Nov. 10 price peak happened right as the United States announced that inflation has hit a 30-year high, but, the mood quickly reversed after fears related to China-based real estate developer Evergrande defaulting on its loans. This appears to have impacted the broader market structure. Traders are still afraid…

First Mover Asia: Cryptos Inch Downward in Light Trading

(Edited by James Rubin) Good morning. Here’s what’s happening this morning: Market moves: Bitcoin, ether moved little on Monday, as markets expect “very choppy” price moves towards the year end. Terra (LUNA) continued its impressive gains since last week. Technician’s take (Editor’s note): Technician’s Take is taking a hiatus today. In its place, First Mover Asia is publishing a column by Joon Ian Wong, the founding co-president of the Association of Cryptocurrency Journalists and Researchers and a former CoinDesk reporter. Catch the latest episodes of CoinDesk TV for insightful interviews…

Billionaire Ray Dalio Explains Why He Owns Bitcoin And Ethereum

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Billionaire Ray Dalio has revealed that he holds bitcoin and ethereum holdings. Various billionaires have also been public about their bitcoin and ethereum holdings. For a lot of these billionaires, the move from cash into cryptocurrencies has been a pertinent one as the former continues to lose its value in the market. Dalio also gave this as a reason for holding the cryptocurrencies. Growing concerns about the value of cash as an investment have seen both institutional and individual investors move their holdings into cryptocurrencies. Coupled with rising inflation rates,…

BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE

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Bitcoin (BTC) continues to lose ground in December, a signal that traders may be locking in their gains before the end of the year. The lack of a Santa rally in the U.S. equity markets indicates that the risk-off sentiment prevails due to the uncertainty regarding the spread of the COVID-19 omicron variant in several parts of the world. Even after the sharp drop in Bitcoin’s price, the demand from institutional investors remains tepid, and data shows that the largest institutional Bitcoin product, the Grayscale Bitcoin Trust (GBTC), is trading…

Tokenizing the history of nomadic horse riders through Mongol NFTs

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Mongolia is a land of endless steppes, hosting mystic Tibetan Buddhist monasteries and fierce horse warriors blessed by the eternal Tengri, the sky god in folk shamanism. For centuries, the harsh, cold climate of the plains forced its people to venture to the world beyond in a series of journeys and conquests. And now, blockchain enthusiasts can hear their stories in the form of nonfungible tokens through the Mongol NFT platform.  Since its inception in September, the platform has surpassed 100,000 registered users and close to 400 creators in various stages…

cuáles son las razones de que su precio suba o baje

Los productos financieros tradicionales también pueden tener un impacto en el precio de bitcoin, particularmente los productos derivados que representan contratos que siguen el precio subyacente de BTC. Como ya hemos comentado, el comercio de futuros apalancados a menudo puede fomentar cambios bruscos de precios, pero también pueden hacerlo otros productos como el comercio de opciones cripto. En pocas palabras, éstas dan a los inversores el derecho, pero no la obligación, de comprar o vender el activo subyacente (en este caso, bitcoin) a un precio determinado (conocido como precio de…

Market Wrap Year-End Review: Bitcoin Starts Off in a Frenzy

Hello, Market Wrap readers! During the final two weeks of 2021, we’re using this space to recap this year’s most dramatic moments in cryptocurrency markets – and highlight the key lessons from this fast-evolving corner of global finance. Over a series of eight posts starting on Dec. 20 and running through Dec. 30, we’ll recap what shook crypto markets this year. (For the latest crypto prices and news headlines, please scroll down.) In our first episode today, we show how, even as bitcoin’s price soared in the early days of…