Day: December 21, 2021

BlockFi Co-Founder Sees Huge Growth And FOMO For Crypto In 2022

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Co-founder of BlockFi and senior vice president of operations, Flori Marquez, shared the company’s insight on collected customers’ data and shed some light on the crypto industry’s growth as they have seen “huge moves” of Americans interested in it, suggesting a burgeoning adoption. During an interview with Yahoo Finance, Flori Marquez shared some interesting numbers. In the year over year Bitcoin returned 112%, and compared to gold and S&P respectively, she said, “that’s a negative 4% and 24%.” So, year over year, it has been volatile in the last 30…

First Mover Asia: Asia Bump Sends Bitcoin Over $49K

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(Edited by James Rubin) Good morning. Here’s what’s happening this morning: Market moves: Bitcoin rose above the $49,000 level, hours after a price pump during Asian hours. The U.S. market was largely quiet as it enters a holiday week. Technician’s take (Editor’s note): Technician’s Take is taking a holiday hiatus. In its place, First Mover Asia is publishing the first in a series of stories on the year in cryptocurrency markets by markets analyst Damanick Dantes. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders…

Despite Crackdown, Bitcoin Mining Is Still Alive And Well In China

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The bitcoin mining crackdown was one of the major moves by a government that rocked the crypto space. The crackdown saw the mass exodus of bitcoin miners out of the presumed mining capital of the world as the Chinese government ramped up its efforts to push the miners out. During this time, the mining hash rate from the region had crashed to nearly zero. Miners moving out of the country had had to quickly move their mining rigs and find new homes for them. During this time, the hash rate…

Visa Partners With 60 Crypto Platforms to Let Consumers Spend Digital Currency at 80 Million Merchants – Finance Bitcoin News

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Visa’s head of crypto has revealed that the payments giant has partnered with about 60 leading crypto platforms “to launch card programs that make it easy for consumers to convert and spend digital currency at 80 million merchant locations worldwide.” He emphasized, “We’ve built a lot of momentum in this space, and we’ll continue to support the crypto ecosystem in several ways.” Visa Committed to Growing Crypto Ecosystem Cuy Sheffield, Visa’s head of crypto, talked about the payments giant’s digital asset efforts in an interview with NDTV, published Monday. “At…

Power Management Firm Lancium Signs $2.4B Data Center Development Deal

CryptoX – Cryptocurrency Analysis and News Portal The construction of the data center, which will focus on bitcoin mining and other energy-intensive applications, will start in the first quarter of 2022. Dec 21, 2021 at 11:00 p.m. UTC Updated Dec 21, 2021 at 11:02 p.m. UTC Crypto mining machines (Christinne Muschi/Bloomberg via Getty Images) Original Source The post Power Management Firm Lancium Signs $2.4B Data Center Development Deal appeared first on CryptoX. CryptoX Portal

Ubisoft pursues NFT initiative with aleph.im following fan backlash

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Earlier this year, gaming giant Ubisoft joined the aleph.im network as a core channel node operator after the blockchain-based storage and computing startup became a part of Ubisoft’s Entrepreneurs Lab. On Tuesday, aleph.im announced that it will offer a decentralized storage solution for Ubisoft Quartz in order to further incorporate nonfungible tokens (NFTs) into Ubisoft’s AAA games. https://t.co/oTzJGUOcyw partners with Ubisoft to bring playable NFTs to AAA games for the first time!!! Read all about how we did it here https://t.co/JiFlATvFcX#aaa #games #decentralized #storage #computing pic.twitter.com/eytP8etvyI — Aleph.im Network (@aleph_im) December…

Crypto VCs Are Making a Big Bet on Gaming Guilds. Why?

Not surprisingly, YGG, GuildFi and Merit Circle – some of this year’s more successful crypto guilds – all have their own tokens. But even the most valued among them, YGG, has a market capitalization of $461 million, according to CoinGecko, far from the value of gaming-sector darlings AXS ($6.6 billion) or MANA ($4.4 billion). Source

Another Crypto All-Time High in 2021: Regulatory Handwringing

We made it! 2021 is coming to a close, the U.S. Congress is on vacation, and we very likely won’t have a Christmas Eve President’s Working Group statement again. As we wrap up this year, it’s worth taking a look at what actually happened over the past 12 months. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. 2021 in review The narrative It’s been a long, strange year. I wanted to revisit the first…

Could Bitcoin Benefit From A Santa Claus Rally?

CNBC personality Jim Cramer has been pushing the possibility of a so-called “Santa Claus rally” across the stock market. But could this holiday-related trend have an impact on Bitcoin and cryptocurrencies? Mad Money Host Calls For “Santa Claus Rally” Bitcoin has taken a beating, down substantially from what most of its backers believed the year would be closing at. The stock-to-flow model was predicting anywhere between $100,000 to $288,000 per coin, but instead the top cryptocurrency by market cap is below $50,000 or around half of the lower of the…