Day: December 24, 2021

5 cryptocurrency projects that made waves in 2021

2021 was a breakout year for the cryptocurrency market in many respects and most investors are absolutely thrilled that Bitcoin (BTC) price established a new all-time high of $68,789. In the same timeframe, Ether (ETH) went on a parabolic rally which saw its price gain 565% from Jan. 1 to hit a record high at $4,859 on Nov. 10. While it was a banner year for large cap cryptocurrencies, some of the biggest gains and most impactful developments came from the altcoin market where decentralized finance (DeFi) and nonfungible tokens…

Here’s How Much Bitcoin Michael Saylor Holds

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Michael Saylor is one of the most vocal supporters of bitcoin and is CEO of MicroStrategy, the company with the largest bitcoin holdings in the world. The CEO has always been a big proponent of the digital asset, taking both a personal and professional stake in the asset. Saylor had revealed in 2020 that he holds over 17,000 BTC. At this time, bitcoin was still trading below $30,000 and Saylor had said that he got all of his holdings for an average of $9,882. Bitcoin has since grown over 100%…

Ripple Had Its Strongest Year Ever Despite The Sec’s “Attack On Crypto”

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Ripple Labs managed to stay strong in 2021 despite the Securities and Exchange Commission (SEC)’s “attack on crypto”, AKA the lawsuit against Ripple and its executives. Now the payments solutions company celebrates its “strongest year ever”. Ripple CEO Brad Garlinghouse announced the achievements and had some comments to share about the SEC’s case. Ripple’s first On-Demand Liquidity (ODL) was launched earlier this year during 2021’s Q3. It is a payments solution that “allows customers to instantly move money around the world at any time”. This service first appeared as a…

Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’ – Featured Bitcoin News

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Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and the following August, Wu’s firm Matrixport raised $100 million and joined the crypto industry’s growing list of unicorns. This week an interview with Wu was published and the billionaire said that he believes crypto and blockchain space will grow to tens of trillions of dollars in value. Jihan Wu: ‘Crypto and Blockchain to Grow to Tens of Trillions of Dollars’…

100 Opening Slots, LBank Exchange Reveals Galaxy Club Program to Encourage Project Innovation – Press release Bitcoin News

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press release PRESS RELEASE. Innovation has always been an essential part of the LBank Exchange’s core value. Lots of projects with different innovative features have been listed on LBank Exchange since its launch back in 2015. This gave 6.4 million users across the globe the chance to participate in crypto investment, which helped rocket the development of many crypto projects. In 2021, LBank Exchange listed 150+ meme/community projects, 4 of them increased by 100 times, 10 of them increased by 50 times, and 25 of them increased by 30 times.…

‘Twas the Night before Christmas: A Cointelegraph Story

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‘Twas the night before Christmas, when all thro’ the Twittersphere Not a troll was stirring, not even a financier; The crypto was HODLed in cold storage with care, In hopes that Satoshi would soon reappear; The newbies avoided FUD and slept in their beds, While visions of lambos danc’d in their heads. And Pomp being occupied, and Schiff spewing crap, Weren’t calling attention to traders stacking sats. When in the trends came mentions of Nakamoto, I had to be sure it wasn’t just FOMO.  Away to my portfolio my fingers…

Here’s how Polygon is challenging the limitations of Ethereum, as told by co-founder Sandeep Nailwal

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Polygon (MATIC), a layer-two network designed for scaling and application infrastructure development on Ethereum (ETH), has been making the rounds among blockchain enthusiasts as of late. From its $1 billion investment into zero-knowledge technology to co-launching a $200 million Web 3.0 social media initiative up to integrating with Opera’s web browser to make its decentralized apps accessible to 80 million Android mobile users, the network’s momentum is going strong.  But partnerships and business aside, the technological capacities of the network, especially when compared to Ethereum, are also attracting the attention of many…

SWIFT Aims to Test Tokenization in 2022, Clearstream, Northern Trust, SETL to Participate – Blockchain Bitcoin News

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SWIFT, the Belgian-based cooperative that serves as an intermediary and settlement executor of financial transactions between banks worldwide is planning to experiment with asset tokenization in 2022. In a blog post about the subject, SWIFT notes that it will be working with firms like Clearstream, Northern Trust, and SETL to explore “the feasibility and benefits” of using SWIFT as an interconnector to tokenization platforms. Financial Intermediary SWIFT to Be Used as a Tokenization Interconnector The Society for Worldwide Interbank Financial Telecommunication (SWIFT), has been studying cryptocurrencies and blockchain technology for…

Turkey President Erdogan to Send Crypto Law to Parliament: Report

Turkey’s President Recep Tayyip Erdoğan will send a crypto law to the country’s parliament, two European publications, ABC Gazetesi and the Daily Sabbah reported Friday. “The law is ready, we will send it to the Parliament soon without delay,” Erdogan told journalists in Istanbul, according to the ABC Gazetesi. Bitcoin and other cryptocurrencies have grown increasingly popular in Turkey, where inflation has soared and the country’s currency, the lira, hit record lows against the U.S. dollar earlier this year. Many consumers have seen crypto as a way to circumvent these…

Bitcoin Breaks $51k Again As 20k BTC Flows Out Of Exchanges

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As Bitcoin once again breaks past the $51k mark, on-chain data suggests more than 20k BTC exited exchanges before this price move. Bitcoin Netflows Say Around 20k BTC Flowed Out Of All Exchanges Yesterday As pointed out by a CryptoQuant post, netflows amounted to 20k BTC exiting exchanges yesterday, the largest spike since September. The “all exchanges netflow” is an on-chain indicator that measures the net amount of Bitcoin going into or out of wallets of all exchanges. The metric’s value is calculated by simply taking the difference between the…