Day: December 27, 2021

Binance Gains Bahrain Approval to Become Crypto Asset Service Provider

Bahrain has become the first Middle East-North Africa country to give Binance approval in principle to establish itself as a crypto-asset service provider. Binance, the world’s leading cryptocurrency exchanges by trading volume, still has to complete the full application process to acquire a license from the Central Bank of Bahrain. The company said in a press release it expects to complete the process in due course. The development is part of Binance’s plan to become a fully regulated centralized cryptocurrency exchange. During 2021…

Metaswap Gas incommunicado as experts link MGAS price drop to rug pull

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Blockchain security company PeckShield has alerted investors of a possible rug pull event after identifying a massive 46.99% price drop on MetaSwap’s MGAS token. The MetaSwap protocol allows nonfungible token (NFT) swaps over the Ethereum, Binance and Polygon blockchains. Following the unexpected price drop, all official accounts linked with Metaswap Gas — including Twitter, Instagram and Medium — were removed, supporting PeckShield’s claim of a rug pull. #RugPull PeckShield has detected that @MetaSwapMGAS soft-rugged, the stolen funds (1,100 BNB) are transfered to @TornadoCash (#BSC). DO NOT STAKE in this contract…

Mexican billionaire says ‘buy Bitcoin’ in New Year message

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Mexico’s third-richest person sent out a heart-warming New Year message to Bitcoin (BTC) enthusiasts on Christmas Eve. Ricardo Salinas Pliego recommended moving away from fiat money and buying Bitcoin in a two-minute festive video.  He gives three pieces of advice to his 957,200 followers on Twitter as part of his Christmas and New Year message before asking his followers to retweet and share: “Steer clear of fiat money. Whether it’s the Dollar, the Euro, or the Yen –it’s all the same. It’s fake money made of paper lies. Central banks…

Gaming will be the Gateway to Crypto Mass Adoption

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Cryptocurrencies saw tremendous growth in 2021. The global market cap of crypto now stands at $2.25 Trillion. With features like secure and irreversible transactions, inflation protection, high yields, and cheap global funds transfers, crypto has become everyone’s go-to solution for finance. Multiple sectors are now joining the crypto bandwagon with their amazing decentralized solutions. Despite their immense popularity, we are still a long way from widespread usage. Although it feels that crypto is growing, a population-wide analysis shows that crypto users remain a minority. The global crypto ownership rates were…

An In-Depth Look at the Top 10 Most Expensive NFTs Sold This Year – Featured Bitcoin News

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2021 is coming to an end and one prominent theme this year in the world of cryptocurrencies and blockchain technology most definitely belongs to non-fungible token (NFT) assets. This year NFTs became a billion-dollar industry and many NFTs have sold for millions of dollars. The following is a look at the top ten NFTs, in terms of sale value in 2021, as they are considered the most expensive NFTs on earth. 2021’s Top 10 Most Expensive NFTs Billions of dollars in digital assets have been traded for NFTs and various…

The Opendao Gives Xmas Airdrop to Opensea Users – Bitcoin News

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New decentralized organization Opendao gave users of Opensea, one of the biggest NFT marketplaces by trading volume, a gift on Christmas. The organization launched its own token and organized an airdrop to distribute it to users that had purchased NFTs using Opensea, allowing them to claim 50% of the total supply of SOS, its native token, as an act of gratitude for popularizing NFTs. Opensea Users Receive Opendao Airdrop Users of Opensea got a Christmas gift this year from a new DAO (decentralized autonomous organization) that launched an…

How Binance NFT Is Building the No․1 Gaming Metaverse – Sponsored Bitcoin News

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sponsored Video games, the Metaverse and NFTs. Binance NFT has become the largest centralized gaming NFT marketplace. See what the team has accomplished and how Binance NFT is building the Gaming Metaverse. Main Takeaways: Since June, Binance NFT has become the world’s largest centralized NFT gaming marketplace, successfully on-boarding over 60 gaming projects and selling over 1 million gaming NFTs. Binance NFT has recently launched the first-ever Initial Game Offering (IGO) as part of the vision to build a home for NFT gaming, but most importantly, a step forward into…

Top 5 cryptocurrencies to watch this week: BTC, MATIC, NEAR, ATOM, HNT

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If Bitcoin rises from the current level, it could boost the price of MATC, NEAR, ATOM, and HNT in the short term. After staying above $50,000 on Christmas day, Bitcoin (BTC) faced selling pressure on Dec. 26. One of the reasons for the possible dip in Bitcoin’s price is the increase in inflows to the Binance exchange. Data analysis account Material Scientist said that Binance’s inflows could be due to “a new player.”  Although Bitcoin is almost certain to miss PlanB’s floor model price projection of $135,000 for December, the…

Ethereum is About to See “Liftoff” if It’s Able to Hold One Crucial Level

Ethereum corrected lower from the $4,150 resistance zone against the US Dollar. ETH price is holding the $4,000 support and could start a fresh increase. Ethereum is trading above the $4,000 and $4,050 support levels. The price is trading above $4,040 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $4,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $4,000 to continue higher in the near term. Ethereum Price Holds Key Support Ethereum attempted…

India’s Swadeshi Jagran Manch Calls for Outright Ban on Cryptocurrency – Regulation Bitcoin News

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The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, has reportedly passed a resolution demanding a ban on cryptocurrency in India. “Disobeying the ban should make person/entity liable to financial penalty,” the resolution states. Swadeshi Jagran Manch Wants Crypto Outrightly Banned in India The Swadeshi Jagran Manch (SJM), the Indian economic, political, and cultural organization affiliated with the nationalist Rashtriya Swayamsevak Sangh, reportedly passed a resolution about cryptocurrency Sunday. SJM co-convenor Ashwani Mahajan told PTI publication: “The resolution was passed by the 15th Rashtriya Sabha of…