Day: January 5, 2022

Bitcoin reaches for $47K as analysts agree BTC price consolidation cannot last

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Bitcoin (BTC) recovered from new lows of $45,550 on Jan. 5 as analysts waited patiently for a “squeeze” to trigger fresh volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst weighs prospect of “fakedown” towards $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to the previous day’s levels near $47,000 on Binance at the time of writing. The repeated dips had failed to unsettle market participants, who now turned to the prospect of an abrupt move up or down in the coming weeks. Volatility in a time of…

Airbnb users want crypto payment options, according to CEO’s Twitter poll

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Airbnb CEO Brian Chesky tweeted a poll on Monday asking roughly 400,000 followers what they wanted from the rental platform in 2022. Chesky revealed on Wednesday that the majority of respondents want to be able to pay with Bitcoin (BTC) or other popular digital currencies when renting their next house or apartment on Airbnb. Other requests included clear pricing displays, a loyalty program for visitors, up-to-date cleaning charges and enhanced customer service. Got 4,000 suggestions. Here are the top 6: 1 – Crypto payments (top suggestion)2 – Clear pricing displays3 –…

Cryptocurrency Draft Law Presented in Peru – Regulation Bitcoin News

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A draft of a new cryptocurrency asset law was introduced in Peru in December, seeking to regulate the cryptocurrency interactions that are already happening in the country. The draft law, besides defining what a crypto asset is and establishing the duties of virtual asset service providers (VASPs), also seeks to legalize the use of assets to incorporate and be held by companies. Peru Launches First Cryptocurrency Regulation Attempt A new piece of draft legislation called “Cryptoasset Marketing Framework” has been introduced in the Peruvian Congress under the number…

Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162M

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Kevin O’Leary-backed decentralized finance (DeFi) platform WonderFi Technologies is increasing its footprint in Canada by buying the first regulated crypto exchange in the country.  WonderFi agreed to pay close to 206 million Canadian dollars ($162 million) to acquire First Ledger Corp., the parent company of BitBuy. WonderFi aims to become an end-to-end consumer platform for crypto and DeFi, according to the official announcement. Founded in 2016, Bitbuy became a fully-regulated crypto exchange in Canada after being licensed by the Ontario Securities Commission last November. The platform has over 375,000 users…

Polinate Games & Guilds to Support Ambitious Projects to Raise Funds

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Undoubtedly, Play-to-earn has dominated the industry of gaming in recent times. Several game enthusiasts, individual and institutional investors across the globe have adopted this novel approach that represents the future of gaming and decentralization. Through the widespread use of play-to-earn, vigorous and vibrant economies have led to raising billions of dollars in funding for growing projects. Aside from highly innovative projects and ever-growing communities, various factors contribute to the advancement of the P2E space with significant ones involving crowdfunding platforms. Crowdfunding platforms for games and guilds are the most efficient…

Exchange Supply of Ethereum (ETH) Drops 47% in 2 Years

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Global adoption, institutional inflows, and the DeFi boom played a vital role in the substantial price jump of Ethereum. However, one factor which didn’t receive much attention is ETH’s exchange supply ratio. During the last 2 years, ETH whales shifted an enormous amount of Ethereum from digital trading platforms to cold crypto wallets. As a result, Ethereum’s exchange supply decreased by almost 47%. On the other hand, BTC also witnessed a substantial dip in its exchange supply. “Bitcoin’s and Ethereum’s respective exchange supplies indicate that the previous 2 years have…

Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises

“If the Fed goes to 4 hikes next year, that is a big statement. That means either two things. First, they are hiking in March, which would be no gap between the end of QE and the first hike. Not impossible, but that is a big statement about intent,” John Turek, the author of the Cheap Convexity blog, said in a blogpost published on Dec. 29. “If they don’t go in March and want to go 4 times next year, that means they will be hiking at a rate faster…

OpenSea raises $300 million for encrypted digital marketplace

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The nonfungible token (NFT) market is gaining momentum as the next frontier in collectibles, gaming and the metaverse.  To accelerate this vision, OpenSea announced on Jan. 4 that it has secured $300 million in a Series C funding led by Coatue and Paradigm. OpenSea is a digital market based on the Wyvern Protocol, which is composed of custom-built Ethereum smart contracts that are expressly created for buying and selling unique digital assets. The marketplace was established in 2018. With the most recent investment, OpenSea’s value has now surpassed $13.3 billion.…

Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar’s Decline – Economics Bitcoin News

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The total quantity of gold held in reserves by central banks topped 36,000 tons for the first time since 1990, data from World Gold Council has shown. This increase follows growth in the banks’ reported holdings of the asset by 4,500 tons over the past decade. Dollar’s Decline a Boon for Gold The amount of gold held in reserves by central banks as of September 2021 grew to a new high of 36,000 tons for the first time since 1990. According to the World Gold Council (WGC), this increase in…

Innovators Gateway on the Blockchain

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Many creatives aspire to have a successful and fulfilling career in the fashion world, but sadly, this achievement has eluded many. Newly available technology in the industry, such as 3D fashion design software has made it easier for designers to work from home – but they are not designed to provide artists with work opportunities. What many creators need is a strong network, combined with the attractive quality of innovation surrounding their work. Without these things, fine works from talented individuals pass under the radar unnoticed. A Collaborative DAO For…