Day: December 22, 2021

Fact Checking Media Tries to Debunk Great Reset Theories, Articles Ignite Heated Discussions Over Reboot Agenda – Featured Bitcoin News

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On December 22, Twitter trends indicate that thousands of people on social media are talking about the World Economic Forum’s (WEF) “Great Reset” agenda, as Reuters and the BBC had run fact-checking posts on the subject. According to the reports, the Great Reset has been tied to various conspiracy theories and the initiative was launched in June 2020. BBC, Reuters Fact Checkers Claim Great Reset Initiative Has Been Hijacked by Conspiracy Theories Ever since the outbreak of Covid-19, an agenda called the Great Reset has been discussed far and wide…

Dfinity Foundation Launches $215 Million Grant To Boost Developer Ecosystem

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Dfinity Foundation is boosting its developer ecosystem with a $215 million grant. This is to help further the development of decentralized applications (DApps) on the Internet Computer blockchain. Over 115 teams have benefitted from this grant and more are expected to do so as time goes by. NewsBTC sat down with Lomesh Dutta, Vice President of Growth at Dfinity Foundation, to talk about the Internet Computer Developer Ecosystem Program, how it’s distributed, and the impact it has had on the blockchain since inception. NewsBTC: Why was the Developer Ecosystem Program…

B.Protocol Raises $2.2M to Backstop DeFi Liquidations

Lending project B.Protocol, which builds tools to “democratize” DeFi liquidations, raised $2.2 million. B.Protocol is one of the many money legos propping up the patchwork landscape of decentralized finance. Catering specifically to lenders in need of liquidating sour loans, it had roughly $87 million in total value locked as of press time, according to data website DeFi Llama. Early-stage crypto fund 1kx led B.Protocol’s seed round; it is slated to ultimately receive 500,000 BPRO tokens. Other notable backers include Spartan Group, Robert Leshner’s Robot Ventures and Dovey Wan’s Primitive Ventures.…

Arcade Raises $15M to Offer NFT-Backed Loans

“Arcade’s collateralization of this new asset class will incentivize the participation of new entities from both the traditional and digital art and finance worlds, including institutional lenders, high-net-worth individuals, DAOs, companies with NFTs on their balance sheets and NFT collectors and creators,” said Pantera Capital principal Lauren Stephanian in a press release. Source

100 digital payment token firms in Singapore fail to win licenses: Report

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More than 100 out of 170 “digital payment token services” in Singapore have reportedly failed to obtain licenses from the local financial regulator, the Monetary Authority of Singapore, or MAS.  103 companies related to the digital payment industry in Singapore found their regulatory exemptions removed amid apparently tough regulation, Japan’s financial publication The Nikkei reported Monday, citing data from the MAS. Sanjay Jain, CEO at Dubai-based crypto exchange Bitxmi, said that their Singaporean branch has failed to secure a license from the MAS. “We can’t operate in Singapore,” Jain noted. “We…

[SPONSORED] Crypto Lending as the Alternative Investment for HNWI

If 2020 was the year Bitcoin and Ethereum were adopted by the mainstream, Bloomberg’s Mike McGlone predicts 2021 will be the year they found a home in traditional investment portfolios. Indeed, the sentiments of family offices towards crypto have changed. Many HNWI, investing via family offices / other investments trusts and funds, are open to some form of crypto-assets investment, and a number have allocated serious resources to crypto-assets. Analysts estimate total Family Office assets under management are worth more than $6 trillion USD. How much is allocated to direct position holding…

Terabethia cross-chain protocol bridges Internet Computer and Ethereum

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On Wednesday, Psychedelic, a Web 3.0 development studio building solutions for the Internet Computer, launched Terabethia, a cross-chain contract communication and asset mirroring protocol. Beginning with the Internet Computer and Ethereum, users will have the ability to mirror and use any Ethereum tokens, fungible and nonfungible, on the Internet Computer blockchain and vice versa, effectively turning the Internet Computer into a layer-two scaling solution for Ethereum. The protocol attempts to tackle the problem of Ethereum network congestion and high gas fees. The Internet Computer, meanwhile, uses a “reverse gas model”…

Blockchain Trends to Expect in 2022

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Blockchain industry spending is expected to break the $11 billion mark next year thanks to the growing interest in cryptocurrency, smart contracts, and other technologies fueled by blockchain. There’s no doubt that in the previous years, the entire cryptocurrency domain had to sustain worldwide regulatory resistance until the Covid-19 pandemic broke out in 2020. However, the pandemic taught us to accept a new normal way that might spark the need for a Blockchain-based world. You might be wondering how the top trends related to Blockchain might impact you in the…

Which NFT collection has been the most profitable?

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When calculating the return of an NFT collection, most analysts calculate the average return. For example, the first CryptoKitties were sold in December 2017 for an average price of $3.24 each. On the first day, 105 CryptoKitties were created, and a total of $340.63 worth of Ether (ETH) was spent on those CryptoKitties by different collectors. That makes an average price of $3.24 per CryptoKitty. Currently, CryptoKitties are trading for an average price of $256.99. This equates to an average price of $256.99 per CryptoKitty and an average collection all-time…