Day: January 6, 2022

Binance buys the dip adding over 43k bitcoin to wallet

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Bitcoin billionaires continue to accumulate during the dip. As Bitcoin (BTC) filled the $42K December price wick this morning, Bitcoin whales were busy stacking sats. One address belonging to Binance added 43,000 BTC on the 4th of January at an average price of $46,553.68, bringing the wallet’s total value to $5.5 billion. Elsewhere, the third-largest Bitcoin address continued its spending spree, adding another 551 BTC since Cointelegraph last reported it bought the dip, just two days ago. The wallet continues to aggressively accumulate in the $40k range, now owning a total of…

Despite the Crypto Market Dip, Weekly Gains Show OSMO, ATOM, FTM, and a Slew of Other Assets Shined – Market Updates Bitcoin News

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On January 5, digital currency markets shed a great deal of value as bitcoin dropped below the $44K handle during the late afternoon (EST) trading sessions on Wednesday. Nearly every coin has shed 24-hour value, but a slew of crypto assets have seen double-digit gains and have managed to stave off the crypto economy downturn. This Week’s Double-Digit Crypto Gainers At the time of writing, the crypto economy is down more than 7% to a low of $2.16 trillion on Thursday, January 6, 2022. The price of bitcoin (BTC) has…

Tencent Adds Digital Yuan Support to WeChat Pay Wallet: Report

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Crypto Infrastructure Firm Pocket Network Raises $10M

Pocket Network usage, as measured by the number of API calls processed by the protocol, has more than doubled on a monthly basis since last July. Weekly relays have increased from tens of thousands at the start of 2021 to over 2 billion in a single week in December, Pocket Network said in the press release. Source

Bitcoin Dominance Sinks to Lowest Level in 3 Years as Ethereum, Numerous Competitors Gain on BTC – Markets and Prices Bitcoin News

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Bitcoin dominance has dropped to the lowest level in just over three and a half years since June 3, 2018, at 37%. Last year, at the end of March, bitcoin dominance hovered just above the 60% zone but since then, numerous digital asset market caps have swelled in value and gathered prominence in the market rankings along the way. Bitcoin Dominance Dips Below 38% The crypto economy currently has roughly 12,247 crypto assets traded across 542 exchanges worldwide. Crypto markets have shed more than 7% over the last 24 hours,…

Bitcoin price bounces off $42K as order book imbalance turns ‘crazy’

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Bitcoin (BTC) briefly touched $43,000 prior to Wall Street opening on Jan. 6 as new market analysis offered bad news for bears.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Very similar to $30,000” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged after hitting its lowest levels in nearly six weeks. Amid six-month lows for sentiment and a feeling of foreboding on social media, analysis investigating trader behavior nonetheless concluded that all is not as bad as it seems. In a series of posts on the day, popular Twitter…

Five coins that saw huge gains in 2021

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The year 2021 was unprecedented for crypto, with Bitcoin (BTC) and Ether (ETH) gaining 60.58% and 408.5% throughout the year, respectively. For the latter, the explosion of decentralized finance (DeFi), nonfungible tokens (NFTs), decentralized applications (DApps) and decentralized exchanges (DEXs) built on its blockchain created a whole new digital currency cyberspace encompassing all corners of the world. But, the year was also an auspicious one for altcoins, whose performance far outweighed that of BTC and ETH during the same time period. So, without further ado, let’s look at five cryptocurrencies…

Why You Need to Buy Sassy Unicorns NFT – Sponsored Bitcoin News

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sponsored What Are Sassy Unicorns NFT Sassy Unicorns are a collection of 10,000 unique NFTs on the Ethereum blockchain. Each unicorn is available to adopt, with unicorns distributed randomly at the minting event. Special About Sassy Unicorns NFT Each NFT holder can yield 7$ daily by holding NFT in their wallet. Passive Income Token The goal is to create a loop. The passive income increases the value of the NFT, the price of the token increases because the floor price increases, so the passive income increases again because token price…

Nas Selling Rights to Two Songs via Crypto Music Startup Royal

The rapper Nas plans to sell two of his recent tracks through Royal, the crypto-backed music service he invested in late last year. The songs – “Ultra Black,” off Nas’ 2020 album King’s Disease, and “Rare,” from 2021′s King’s Disease II – will be available as “limited digital assets” [LDAs], which the company describes as an “extended version of an NFT.” Royal’s pitch has to do with selling ownership of individual songs via crypto; buy a token attached to a song, and you’ll receive royalties from its use down the…

Tribal Credit raises $40M in ‘hybrid’ debt round funded by dollars and stablecoins

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Crypto-focused enterprise payment platform Tribal Credit has concluded a $40 million debt offering that was funded through fiat and stablecoins — giving the company additional capital to expand its business services in Latin America.  The so-called hybrid debt round was financed by Partners for Growth, a California-based investment firm, and Stellar Development Foundation (SDF), which is a non-profit organization supporting the growth of the Stellar blockchain. Tribal said it will use the capital to fund receivables from its customer base throughout Latin America, particularly Mexico, Brazil, Chile, Colombia and Peru.…