Day: January 10, 2022

These 3 cryptocurrencies are taking an even bigger hit during Bitcoin’s price slump

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The cost to purchase one Bitcoin (BTC) has dropped almost 10% in the last seven days and has been eyeing extended declines as it drops below $40,000, its interim psychological support, on Jan. 10. BTC/USD weekly price chart. Source: TradingView Nonetheless, the losses suffered by Bitcoin still appear less than that of some of its top crypto rivals’ performances. For instance, Cardano (ADA), the seventh-largest cryptocurrency by market valuation, has dropped by nearly 11% to around $1.15 in the last seven days. Similarly, Ripple (XRP), the eighth-largest by market capitalization,…

Bitcoin drops below $40K for first time in 3 months as fear set to ‘accelerate’

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Bitcoin (BTC) fell below the landmark $40,000 mark for the first time since September 2021 on Jan. 10, heightening a rout that began six weeks ago. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bollinger bands step in Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering predictable volatility as bears finally steered the market back into the $30,000 zone. The move had been long preempted, with forecasts even calling for an identical floor to that of July — just below $30,000. “And we’re dipping into the $40K region for Bitcoin,…

Why We’re Shutting Our Successful Fundraising Platform

Neufund was a security token company that wanted anyone in the world to invest in any businesses they want. For decades, investing has been exclusive, inaccessible and unequal. This has contributed to the growing wealth disparity in Europe and the U.S. We wanted to change that. Today we’re closing Neufund, despite it being successful. Zoe Adamovicz has co-founded multiple startups. Her most recent venture, Neufund, was a fintech firm for securities tokenization that aimed to democratize access to global innovation capital. Over the course of Neufund’s life, we transacted about…

Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols – Defi Bitcoin News

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On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes to Expand Terrausd’s Reach Across 5 Protocols At the time of writing, Terra’s terrausd (UST) stablecoin is the fourth-largest U.S. dollar-pegged token among all the stablecoins in existence. It is also the largest decentralized algorithmic…

Web 3 and DAOs in 2022

Download this episode On this episode of “Opinionated,” hosts Ben Schiller, Anna Baydakova and Danny Nelson kick off the new year with a discussion on the future and purpose of emerging technologies, such as Web 3 and decentralized autonomous organizations (DAOs). Though both include egalitarian philosophical interests like freedom, democracy, self-custody and decentralization, many worry the ideals will fall as well-funded companies and individuals step in. How will the ideals of Web 3 and DAOs pan out as the technology develops further? This episode was produced, announced and edited by…

the World’s Most Diverse Payment Network, Bringing ‘Buy Now, Pay Later’ to the Crypto Industry – Press release Bitcoin News

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press release PRESS RELEASE. XRPayNet is a cryptocurrency built on the XRP Ledger, with an upcoming global team focused on one goal: a globally adopted interface and ecosystem for payment settlements that is suitable for stores, businesses, peer to peer transactions and those who sell products and services. Whilst aiming to challenge existing technology such as Klarna, ClearPay/AfterPay. This will allow consumers to be able to ‘buy now, pay later’ which is an almost first in the entire crypto industry. The XRPayNet app currently under development promises just that, a…

Dogecoin creator slams Mozilla for pausing crypto donations

The Mozilla Foundation’s back-tracking on crypto has earned a reaction from the creator of the world’s first meme cryptocurrency. On Dec. 31, 2021, Mozilla, the developers of the Firefox internet browser, tweeted that the company was accepting cryptos like Dogecoin (DOGE), Ether (ETH), and Bitcoin (BTC) as donations, along with a Bitpay donation link. However, less than a week later, the campaign was stopped after it received backlash from users and programmer Jamie Zawinski, a co-founder of Mozilla. According to Zawinski, everyone involved should be “ashamed of this decision to partner with…

Spanish lawmaker sees opportunity amid Kazakhstan’s Bitcoin mining collapse

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Deputy for the Spanish Ciudadanos political party María Muñoz has proposed a bill to make Spain a Bitcoin mining hotspot following the internet shutdown that caused a mining outage in Kazakhstan. The lawyer and economist Muñoz was steadfast in her support of Spain as a Bitcoin (BTC) destination, in a tweet on Friday:  “The protests in Kazakhstan have repercussions all around the world but also for Bitcoin. We propose that Spain positions itself as a safe destination for investments in cryptocurrencies to develop a flexible, efficient and safe sector.” A…