Day: December 29, 2021

First Mover Asia: Bitcoin Trades Near $47K on Low Volume During Year-End Holidays

(Edited by Greg Ahlstrand and James Rubin) Good morning. Here’s what’s happening: Market moves: Bitcoin trades near $48,000, while layer 1 token ALGO gains on incentive program news Technician’s take (Editor’s note): Technician’s Take is taking a hiatus for the holidays. In its place, First Mover Asia is publishing a piece from CoinDesk reporter Damanick Dantes’ Year-End Review series, which recaps this year’s most dramatic moments in cryptocurrency markets. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $47,394 -0.3%…

First Mover Asia: Bitcoin Trades Near $47K Amid Low Volumes During Year-End Holidays

(Edited by Greg Ahlstrand and James Rubin) Good morning. Here’s what’s happening: Market moves: Bitcoin trades near $48,000, while layer 1 token ALGO gains on incentive program news Technician’s take (Editor’s note): Technician’s Take is taking a hiatus for the holidays. In its place, First Mover Asia is publishing a piece from CoinDesk reporter Damanick Dantes’ Year-End Review series, which recaps this year’s most dramatic moments in cryptocurrency markets. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $47,394 -0.3%…

Bitcoin Should Not Be Measured In Dollar Terms, Says Pompliano

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The value of bitcoin is currently being measured in dollar terms and this is understandable given that fiat is still the most dominant form of currency. While those in the crypto space believe this will not continue for much longer, it is still important to price the digital asset in fiat currency to show its value to investors. However, millionaire investor Anthony Pompliano has countered against this accepted form of valuing bitcoin. He addressed the way the digital asset is valued as well as the dreaded volatility on a recent…

Gas DAO Project Forms to Airdrop Tokens to Ethereum Users That Spent $1,559 in Fees – Altcoins Bitcoin News

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A new type of airdrop has been very popular during the last quarter of 2021 as quickly assembled decentralized autonomous organizations (DAOs) have been distributing lots of value to existing crypto users. Just recently, Opendao gave Opensea users an airdrop and many people accrued thousands of dollars in SOS tokens. Now, another project called Gas DAO is airdropping tokens to any wallet that’s paid more than $1,559 in ether gas fees before December 26. Gas DAO Airdrops Tokens to Users That Spent $1,559 in Ether Fees Before the Snapshot A…

Market Wrap Year-End Review: El Salvador Buys Bitcoin

But BTC’s sideways trading pattern didn’t last long. Today, we’ll show how bitcoin was able to break out of its two month-long price range of around $30,000 as El Salvador, the tiny Central American country that previously had used the U.S. dollar as the country’s primary currency, came to the rescue. Source

3 reasons why Convex Finance surged 215% in December to hit new all-time high

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The growth of the stablecoin sector within crypto has been one of the most impactful developments of  2021. In particular, stablecoins became integral to the expanding decentralized finance (DeFi) ecosystem as their total value eclipsed $162 billion, according to CoinMarketCap. One project that has seen its token price surge thanks to its focus on stablecoins and the Curve Finance (CRV) ecosystem is Convex Finance (CVX), a protocol that aims to help users boost CRV staking to maximize yields. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a…

Video Game Retail Giant Gamestop Reveals More Clues About Upcoming NFT Marketplace – Bitcoin News

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At the end of May, crypto advocates discovered a website created by the video game retailer Gamestop. The web portal disclosed that Gamestop was entering the world of blockchain tech and non-fungible token (NFT) assets. Gamestop’s NFT web portal has recently been updated and is requesting creators to sign up for the platform. Gamestop NFT Website Hints at Upcoming Marketplace Launch Gamestop (Nasdaq: GME) has had an interesting year, to say the least. It all started at the start of the year in January, when the Reddit forum r/wallstreetbets sparked…