Day: December 23, 2021

Large Ethereum Holders Are Actively Accumulating Three Crypto Exchange Tokens

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Fresh data shows the world’s biggest Ethereum whales are stocking up on several altcoins that power crypto exchanges. The latest numbers from WhaleStats reveal the 1,000 wealthiest non-exchange Ethereum addresses are invested heavily in FTT, the native token of the FTX cryptocurrency marketplace. FTT currently accounts for 7.24% of all holdings at a value of over $1.6 billion. At time of writing, FTT is ranked third on the WhaleStats top 10, with the average quantity held per wallet being 39,274 tokens valued at $1.6 million per holder. Also making the…

Snoop Dogg Joins The Bored Ape Yacht Club And The Sandbox. Read All About It

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It’s official, Snoop Dogg joined the apes. The rap superstar and all-around businessman made a substantial NFT investment and is now showing a Bored Ape as his avatar on Twitter. Not only that, Snoop Dogg bought a full set; a Bored Ape, an M1 and an M2 Mutant, and their correspondent Bored Ape Kennel Club. They all match with each other and tend towards pink fur.  Related Reading | A Bored Ape NFT Sold For 0.75ETH By Mistake. Another Sold For 347ETH, But Wait… In the announcement tweet, Snoop Dogg…

Defi Marketplace and NFT Platform Arcade Raises $15 Million in Series A Funding Round – Finance Bitcoin News

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The decentralized finance (defi) marketplace, non-fungible token (NFT) financialization platform, and lending application Arcade has announced the company has closed a Series A investment round for $15 million. Just recently, Arcade facilitated an onchain loan of $800,000 against an NFT portfolio from a lender with over $10 billion. Arcade Raises $15 Million in Series A Co-Led by Pantera Capital, Castle Island Ventures, Franklin Templeton Blockchain Fund The defi marketplace Arcade has raised $15 million in capital during a Series A financing round, according to the company. The investment was co-led…

LibreScan, the First Decentralized Blockchain Explorer Supported by QANplatform – Press release Bitcoin News

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press release PRESS RELEASE. LibreScan, the First Decentralized Blockchain Explorer supported by QANplatform Estonia, Tallinn: The team behind QANplatform announces LibreScan, the first open-source self-hosted Decentralized Blockchain Explorer (DBE). Cryptocurrency holders will soon be able to self-host their blockchain explorer to ensure their private information can not be associated with their wallet addresses to avoid centralized tracking. The foundation of blockchain technology is decentralization. Unfortunately, the reality is that 95% of the crypto community relies on centralized services like Etherscsan or BscScan. According to website analytics tool Similarweb, the two…

Why It Is Vulnerable To Below $3.9k

Ethereum failed to settle above the $4,000 zone against the US Dollar. ETH price is correcting gains and it could dive if there is a break below $3,900. Ethereum struggled to clear the $4,050 resistance zone and declined. The price is trading below $4,020 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $3,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $3,900 to start a fresh increase in the near term. Ethereum Price Corrects…

Bitcoin Politics: A Year of Reflection and 2022 Predictions

This week, “Opinionated” hosts Ben Schiller, Anna Baydakova and Danny Nelson are talking about the most exciting and most annoying things that happened in crypto this year. For Ben, the crypto hearings in the U.S. Senate – a whole bunch of them, actually! – really marked this year. Now it’s clear cryptocurrencies have some prominent opponents on Capitol Hill including Sen. Elizabeth Warren (D-Mass.). What will the crypto politics be in 2022? Ben has some ideas. On another regulatory note, this year the U.S. started an offensive on illegal crypto…

Digital Currency Exchange Kraken Acquires Crypto Staking Firm Staked – Bitcoin News

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The digital asset company Kraken announced it has acquired the non-custodial staking platform Staked for an undisclosed sum. While the sum of the purchase was not disclosed, the company claims that it was “one of the largest crypto industry acquisitions to date.” Kraken Acquires Non-Custodial Staking Firm Staked On December 21, Kraken announced that it acquired the staking firm Staked, a company that specializes in providing people with access to proof-of-stake (PoS) networks. “Staked helps investors earn yield from staking and defi without taking custody of their crypto assets,” the…

Bitcoin Corrects Gains, Why Dips Could Be Limited Below $48K

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Bitcoin failed to test the $50,000 resistance against the US Dollar. BTC is correcting gains, but dips could be limited below the $47,500 support. Bitcoin struggled to surpass the $49,500 resistance zone and corrected lower. The price is trading above $48,000 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $49,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $47,500 support zone. Bitcoin Price…

How Crypto Losses Could Result in Tax Benefits

Even if you suffered losses on your crypto investments this year, there’s still some good news. The IRS allows investors to claim deductions on cryptocurrency losses that can lessen tax liabilities or even result in a tax refund. There are also investment strategies you can use throughout the year to maximize your losses and get the most out of your crypto investments. Offset capital gains Cryptocurrency losses can be used to offset capital gains. A capital gain occurs when you sell, transfer or otherwise dispose of your crypto for a…

El Salvador Buys 21 More Bitcoins to Celebrate 21st Day, Year, Century – Featured Bitcoin News

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El Salvador, the country which made bitcoin legal tender, has purchased 21 more bitcoins to celebrate “the last 21st day of the year 21 of the 21st century,” President Nayib Bukele announced. The country has bought about 1,391 bitcoins altogether. El Salvador Buys More Bitcoins El Salvador’s President Nayib Bukele announced Tuesday that his country has bought more bitcoin. His announcement began with a tweet that reads: “El Salvador’s entire size is 21,000 km2. Coincidence? I don’t think so!” He followed up with a series of tweets that collectively read:…