Day: January 16, 2022

First Mover Asia: Bitcoin Continues Its Sluggishness Amid Darkening Economic Signs

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Good morning. Here’s what’s happening: Market moves: Bitcoin’s price hovered above $43,000 as investors looked for signs that the cryptocurrency’s price had hit a bottom point. Technician’s take: Support remains intact, which could keep BTC buyers active over the short term. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $43,210 -0.1% Ether (ETH): $3,359 +0.5% Markets S&P 500: $4,662 +.08% DJIA: $35,911 -0.5% Nasdaq: $14,893 +0.5% Gold: $1,817 -0.2% Market moves The crypto price slump continues. Bitcoin spent much…

Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase

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Nonfungible tokens (NFTs) skyrocketed in popularity over the course of 2021 as the wider public became enthralled with projects like the Bored Ape Yacht Club and CryptoPunks, but these one-of-a-kind digital images are only scratching the surface of what NFT technology is capable of.  One project focused on expanding the functionality of NFTs beyond the digital art space is Propy, a protocol focused on the integration of blockchain technology with the real estate sector by automating the closing process of home buying to make the entire process faster, simpler and…

Jack Dorsey’s Payments Company Is ‘Officially Building an Open Bitcoin Mining System’ – Mining Bitcoin News

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In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” The Block’s Hardware General Manager: ‘We See Bitcoin Mining as a Long-Term Need for a Future That Is Fully Decentralized and Permissionless’ Jack Dorsey and the Block’s hardware general manager Tom Templeton discussed the company’s focus on bitcoin mining this week. Templeton explained that three months ago the Block hinted at building…

‘AWS for Web3’ Pocket Network Shakes Up Infrastructure of the Internet – Press release Bitcoin News

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press release PRESS RELEASE. Tampa Bay, Florida, U.S.A – 16th January 2022 – Pocket Network – an infrastructure middleware protocol which facilitates decentralized cloud computing and abundant bandwidth on full nodes interoperable with DApps across all 21+ blockchains surpasses milestone 20,000 full nodes, answering a real and conceptual question around decentralization viability. Pocket Network incentivizes a global community of independent node operators and service providers running 21,000+ full nodes adding to the network’s resilience. Pocket Network is secured by over $320M worth of network infrastructure distributed globally across 23 countries…

Sports NFT Marketplace Lympo Suffers An $18.7 Million Hack

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The latest in the industry is the hacking of Lympo, a sports NFT platform and a subsidiary of Animoca Brands. Through hot wallet hacking, the platform just lost about 165.2 million LMT tokens, equivalent to $18.7 million during the time of this hack. Cryptocurrency hacking, though not frequently experienced, remains of the risks that some protocols have to suffer. An update through Medium from the Lympo team confirms the recent hacking from the platform on Jan 10. According to the report, the hackers accessed the protocol’s operational hot wallet and…

3 reasons why Harmony (ONE) rallied back to its all-time high this week

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Bitcoin price is still a ways from its $69,000 all-time high but this isn’t stopping altcoins from moving toward new highs.  Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.13 on Dec. 4, the price of Harmony (ONE) has risen 163% to establish a new all-time high of $0.38 on Jan. 14 ONE/USDT 1-day chart. Source: TradingView Three reasons for the growing strength of Harmony include an expanding ecosystem, the launch of multiple cross-chain bridges and developers interest in finding Ethereum network alternatives. ONE…

Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates – Economics Bitcoin News

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The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason to Adjust Interest Rates Despite Eurozone Inflation Reaching 5% Annual inflation in the area of the common European currency, the euro, has increased for a sixth consecutive month to a record high of 5% in December, according to preliminary estimates from Eurostat quoted by…

Walmart Preparing a Metaverse Push, Trademark Filings Show

Apparently dominating retail competition in the real world isn’t enough for Walmart, which filed seven trademarks at the end of December that signal its plan to make and sell virtual goods in the metaverse as well. According to one of those filings, the big-box retailer also is exploring whether to offer users a cryptocurrency along with NFTs. The trademarks can be found here, here, here, here, here, here and here. The news was first reported by CNBC. Read also: Walmart Has Quietly Begun Hosting Bitcoin ATMs Source

Top 5 cryptocurrencies to watch this week: BTC, NEAR, ATOM, FTM, FTT

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If Bitcoin breaks above $45,500, select altcoins like NEAR, ATOM, FTM and FTT could turn bullish in the short-term. Bitcoin (BTC) has stopped its decline and is attempting a recovery along with select altcoins. Some traders have been fearing a massive sell-off in Bitcoin but Capriole CEO Charles Edwards said that Bitcoin’s worst crashes have happened “due to miner capitulation (December 2018 and March 2020), when BTC fell below production costs.” However, the current production cost of Bitcoin was $34,000, which is well below the current price. In a sign…

Foam Shoe Giant Crocs Files NFT and Digital Collectibles Trademark Application – Bitcoin News

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According to a recent trademark application, Crocs, the American shoe company based in Colorado may be delving into the world of non-fungible tokens (NFTs). Since 2004, Crocs has sold 300 million pairs of foam clog shoes and the application describes a protocol that can manage and store digital collectibles. Crocs Trademark Filing Describes ‘Downloadable Virtual Goods Created With Blockchain Technology, Smart Contracts, in the Nature of Footwear’ A United States Patent and Trademark Office (USPTO) report filed on January 11, 2022, indicates that Crocs has an eye on the non-fungible…