Day: December 27, 2021

First Mover Asia: Bitcoin Continues Its Low-Volume Rally Before Tapering Off

(Edited by James Rubin) Good morning. Here’s what’s happening: Market moves: Bitcoin broke $52,000 briefly, while its supply outside of exchanges reached record highs. Technician’s take (Editor’s note): Technician’s Take is taking a holiday hiatus. In its place, First Mover Asia is publishing a column by CryptoX Chief Content Officer Michael Casey. Catch the latest episodes of CryptoX TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $50,866 +.09% Ether (ETH): $4,043 -0.8% Markets S&P 500: $4,791 +1.38% DJIA: $36,302 +0.9% Nasdaq: $15,871 +1.39% Gold: $1,811…

Here’s What’s In Store For Cardano In 2022

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Cardano has no doubt had an interesting year in 2021. Its native token, ADA, had grown from less than 30 cents to its record high above $3. It was a remarkable year filled with firsts for the project, the most notable being the launch of smart contract capability on the network. As the year 2021 draws to a close, investors are beginning to look towards the new year and what might be in stock for these digital assets. To this end, founder Charles Hoskinson once again took to his YouTube…

Crypto exchange Kraken’s new NFT marketplace to issue loans

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Kraken founder and CEO Jesse Powell recently shared in an interview with Bloomberg News that the crypto exchange will launch a nonfungible token (NFT) marketplace that will enable users to borrow funds against their NFTs.  Powell explained that the company plans to enter the NFT space in early 2022 and hopes to add the feature to determine the liquidation value of an NFT and if it can be put up as collateral for a loan. “If you deposit a CryptoPunk on Kraken, we want to be able to reflect the…

UAE Authorities Announce New Stringent Measures Against Crypto Scammers

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Under stringent new UAE regulations designed to safeguard the public from financial fraud, cyber criminals who promote cryptocurrency frauds online face up to five years in prison and fines of up to $272 million. Crypto-scammers To Face 5 Years Imprisonment Promoters of online cryptocurrency frauds now risk a possible five-year prison sentence and a maximum fine of almost $270,000 under the UAE’s new internet security regulations, which take effect on January 2, 2022. The crackdown was announced last month as part of President Sheikh Khalifa’s series of broad legal reforms.…

DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap

The Terra blockchain’s fast growing stablecoin UST, which surpassed its rival DAI to become the largest decentralized stablecoin, has how attained another milestone: a market capitalization of $10 billion. According to the crypto pricing site CoinGecko, the UST market cap pushed past $10 billion on Sunday. As recently as the beginning of 2021, the market capitalization was under $200 million. Earlier in December, UST overtook rival MakerDao’s decentralized stablecoin DAI, whose market capitalization currently sits around $9.4 billion. And DAI has been live since 2017. The fast growth in UST…

This Year’s Top 10 Crypto Asset Gainers Outshined BTC’s and ETH’s 12-Month Returns – Markets and Prices Bitcoin News

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Digital currencies had a phenomenal 2021 as the crypto economy surged past a couple of trillion dollars in value this year. Over the last 12 months, bitcoin gained more than 90% in value and ethereum spike more than 540%. However, while those gains are decent, numerous digital assets outperformed those 12 month gains by a long shot, as a few crypto assets have increased a great deal against the U.S. dollar and other fiat currencies. 2021’s Top 10 Crypto Gainers At the time of writing, the crypto economy is worth…

Institutions Cash Out of Bitcoin

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Today, we’ll show additional reasons for widespread selling that occurred in April and May. After bitcoin’s powerful rally to start the year, fueled by fear of fast inflation, some large investors grew concerned about rampant speculation in the almost-anything-goes market and a slowdown in global money supply growth. In fact, some price chart indicators were already suggesting that bitcoin was overvalued. By June, BTC had stabilized at around $30,000, and guess what happened then? Traders bought the dip. Original

Pensioners of the National Oil Company Will Receive 2 Petros as a Gift in Venezuela – Bitcoin News

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The pensioners of the state-owned oil company of Venezuela, PDVSA, have started receiving a Christmas bonus in petros (PTR), the first national cryptocurrency launched back in 2018. The petro, which is backed by Venezuelan oil and other resources, can be traded in local exchanges for these pensioners to access fiat currency, as the reach of the currency as a means of exchange is still limited according to local reports. Venezuelan Pensioners To Get 2 Petros This Christmas A group of Venezuelan pensioners stemming from the PDVSA, the state-owned…

A Message of Love from Nigeria to the World

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On the 4th anniversary of the exchange, CoinEx has launched the “Meet the CoinEx Team” anniversary celebration together with its global partners as a gesture to thank and give back to users. In Nigeria, CoinEx has hosted the “Festival of Love” charitable event. On December 20, to celebrate its 4th anniversary, CoinEx held the “Festival of Love” charitable event at Uniuyo Teaching Hospital, Nigeria. Orok Godspower, one of the exchange’s Nigerian Partners represents CoinEx donated 700 care packages to children in the hospital on behalf of CoinEx. For the kids,…