Day: January 4, 2022

What Crypto Can Learn From Elizabeth Holmes’ Fraud Conviction

After a yearslong saga of accusations, investigations and angry denial, erstwhile business media darling Elizabeth Holmes has reached the final stage of investor grief: conviction. A jury late Monday found that she defrauded investors in Theranos, the health-testing startup she founded and led. Optimists may think of the verdict as a broad sea change in the way the U.S. public views technology founders. But a closer look shows specific lessons that tech founders, and perhaps crypto founders in particular, should take away from Holmes’ grim downfall if they want to…

Bitcoin Gets Fresh Start After Flush Of Options Open Interest

Bitcoin started 2022 on a different trajectory than the one expected by most traders. Moving sideways for the majority of Q4 last year, the first crypto by market cap seems proposed to more volatility in either direction. Related Reading | Bitcoin Breaks $51k Again As 20k BTC Flows Out Of Exchanges As of press time, Bitcoin trades at $46,803 with sideways movement in the last 24 hours. BTC’s price returned to its current levels after a rejection around the $50,000 area as 2021 came to an end. BTC moving sideways…

Crypto funds attracted $9.3B in inflows in 2021 as institutional adoption grew

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Institutional cryptocurrency funds attracted record inflows in 2021, as demand for digital assets such as Bitcoin (BTC) and Ether (ETH) continued to grow during a volatile and often unpredictable bull market.  Crypto investment products registered $9.3 billion in inflows during the year, up from $6.8 billion in 2020, according to the latest CoinShares data that was released on Tuesday. Bitcoin funds attracted $6.3 billion worth of capital last year, while Ether products saw inflows totaling nearly $1.4 billion. Multi-asset funds were also popular, attracting $775 million in investor capital. A…

Evedo seeks to bring event planning to the blockchain

Evedo, a platform consisting of business-to-business, or B2B, & business to consumer, or B2C, marketplaces, seeks to provide blockchain solutions for businesses and participants involved in organizing events. In an exclusive ask-me-anything, or AMA, session with Cointelegraph Markets Pro, Stoyan Angelov, Founder & CEO of Evedo & Fragmint, discussed the business dynamics and tokenomics of Evedo. Evedo tokenomics | Source: Evedo Technical Deck  CT Markets Pro User: How does Evedo use blockchain technology for the events sector? Will the ecosystem be available for everyone or just artists and big events…

GIBX Swap: the future of cryptocurrency

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As we begin a new year and with the crypto market’s capitalization showing some signs of    volatility  Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing…

Polymarket’s CFTC Fine Hints at DeFi Regulation Roadmap

“DeFi presents unique challenges to both builders and regulators, and Polymarket remains committed to working with regulators to ensure that the rules currently governing digital assets and DeFi are sufficiently clear, allow for innovation in the United States, and protect individuals’ interests and the integrity of U.S. markets,” Polymarket  said in its statement. “We remain optimistic and look forward to a productive relationship with the CFTC that carves out a compliant path for DeFi products in the future.” Source

Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan

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Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country.  The Nasdaq-listed company announced Tuesday that it had deployed 10,300 AvalonMiner units in Kazakhstan as of Dec. 31, 2021, finalizing phase one of its deployment in the central Asian country. Canaan is partnering with local firms as part of its business expansion plans outside of China. However, the company declined to list any of its local partners. Although Canaan is based in Hangzhou, China,…

Kosovo Moves to Ban Crypto Mining in Face of Energy Crisis

CryptoX – Cryptocurrency Analysis and News Portal The government has declared a 60-day state of emergency, allowing it to allocate more money for energy imports and even introduce power cuts. Jan 4, 2022 at 4:35 p.m. UTC Updated Jan 4, 2022 at 4:35 p.m. UTC Kosovo’s capital, Pristina. (Leonhard Niederwimmer/Pixabay) Original Source The post Kosovo Moves to Ban Crypto Mining in Face of Energy Crisis appeared first on CryptoX. CryptoX Portal

Netgear’s Digital Art Frames Will Support NFTs, Owners Can Connect Metamask to Meural Platform – Bitcoin News

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At the Consumer Electronics Show (CES) in Las Vegas, multinational computer networking company Netgear, based in San Jose, California, showcased the company’s Meural digital art frames. According to an announcement, Netgear has added non-fungible token (NFT) tech support, and the Metamask Web3 wallet will be able to sync with the product. Netgear Adds NFT Support to Meural’s Digital Art Platform Non-fungible tokens (NFTs) are very popular and it doesn’t seem like the trend is going away any time soon. For instance, four NFT collections now have billion-dollar market valuations including…

3 reasons why Ethereum can reach $5,000 in Q1

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Ethereum’s native token Ether (ETH) has plunged by more than 20% after establishing its record high at around $4,867 on Nov. 10, 2021. Nonetheless, the sharp price pullback does not mean ETH can’t pursue a new record high in the next few months, as several widely-tracked technical, macroeconomic, and on-chain indicators suggest.  One of these indicators envisions Ether’s price reaching $5,000 in the first quarter of 2022 while others look are poised to support the bullish bias. ETH price painting falling wedge Ether’s recent price correction is painting a potential classic…