Day: January 17, 2022

Binance to Set Up Crypto Exchange With Thailand's Gulf Energy Development

Binance has agreed to set up a cryptocurrency exchange with Thailand’s Gulf Energy Development. Gulf Energy Development, a publicly traded holding firm, informed the Thai Stock Exchange Monday that its subsidiary Gulf Innova is to study developing a digital asset exchange with Binance. Gulf Energy Development says it foresees “rapid growth in digital infrastructure” in the country, in which crypto will play a “prominent role” in meeting the demands of the Thai people. “Our goal is to work with government, regulators and innovative companies to develop the crypto and blockchain…

Cardano Price Surges After Metaverse Project Launch, ADA Gains More Than 30% in 7 Days – Markets and Prices Bitcoin News

boss

The smart contract token cardano has surged in value during the last 24 hours after a metaverse project called Pavia launched. Seven-day statistics indicate that cardano’s price has spiked 30.9% over the week and took over the fifth-largest crypto market cap position on Sunday evening (EST). NFT and Metaverse Project Pavia Pushes Cardano’s Price Higher Cardano (ADA) has seen a price increase during the last seven days and 24-hour stats show ADA has jumped 9.5% against the U.S. dollar. Cardano is a smart contract network, similar to Ethereum, and during…

Dock Launches Ambassador Program – Press release Bitcoin News

boss

press release PRESS RELEASE. On a mission to increase brand awareness, grow the community, and promote their upcoming projects, Dock has launched an Ambassador program. In return for executing various tasks including creating extra content to promote an update or launch, translating a blog post, or sharing social media posts, Ambassadors will earn rewards in DOCK tokens. Dock is seeking ambassadors from a wide variety of skills backgrounds to join the program, they will play an important role in growing and maintaining Dock’s community, set up local language groups, translate…

Animoca Brands Leads $8M Fundraising Round for NFT Platform Built on Solana

Burnt Finance, a protocol built on Solana, has raised $8 million in a funding round led by Animoca Brands. It also launched its non-fungible token (NFT) platform. The capital will go toward adding staff and exploring partnerships with artists and other Solana-based projects. Burnt Finance, known for burning a piece of artwork from street artist Banksy before selling a digitized version as an NFT, also said it has launched its NFT marketplace, which will feature auctions and allows users to mint and sell digital assets. Other investors in the round…

Bitcoin stays in tight range as analyst eyes potential ‘interesting week’ in BTC

boss

Bitcoin (BTC) hovered near $43,000 on Jan. 17 as “boring” price action combined with signs that the market could be stabilizing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Leverage comes off all-time highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying firmly within its established trading range between $40,000 and $45,000. With few surprises expected thanks to the Wall Street holiday, traders took the opportunity to call for a level-headed approach on focus on altcoins. Bitcoin is down a few hundred dollars! Quick, someone come up with a narrative…

Crypto job posts on LinkedIn rocketed 395% in 2021

boss

It wasn’t just a bull run for prices last year. Careers in crypto outstripped price action in 2021, as crypto job searches soared by 395% in the United States alone according to LinkedIn. Crucially, the crypto industry outpaced the wider tech industry, which also saw remarkable development, almost doubling its number of job listings. However, at 98% growth, the tech industry dwindles in comparison to crypto jobs, which gained by a whopping 395%. Furthermore, no industry was safe from “crypto-ization” in 2021. The LinkedIn News post offered valuable insight into…

Indian TikTok Rival Chingari Raises $15M Round Led by Republic Capital: Report

Chingari, an Indian short video platform akin to TikTok, has raised $15 million in a funding round led by Republic Capital, the private venture arm of investment firm Republic, according to a report by an Indian business news outlet. Crypto exchange OKEx also made a strategic investment in the company. Chingari’s native token GARI will be listed on OKEx, the Economic Times reported on Monday. The token will also be listed on FTX, Huobi, Kucon, Gate.IO, MEXC Global. The funds will be used to enhance the app’s technology, introduce new…

Technical Indicator Points to Bitcoin Price Bounce

boss

A lesser-tracked technical analysis indicator is signaling good times ahead for bitcoin. The cryptocurrency’s 10-week simple moving average (SMA) is about to dip below the 50-week SMA, confirming a so-called bearish crossover. Historically, the negative signal has proven to be a contrary indicator, marking interim price bottoms and the end of bear markets, as feature image shows. The previous bearish cross dated mid-March 2020 occurred after bitcoin’s coronavirus-induced crash to $4,000. Bitcoin picked up in the subsequent months, setting record highs above $20,000 by December. Similarly, bitcoin bottomed out and…

Majority of JPMorgan Clients Expect Bitcoin to Trade at $60K or More by Year-End

JPMorgan said that according to a survey, majority of its clients expect bitcoin to trade at $60,000 or more by the end of this year. The Wall Street giant said in a note published last week that 55% of the clients surveyed see bitcoin reaching the $60,000 barrier. According to the survey, 41% of the bank’s clients see bitcoin trading at $60,000 at year-end, 9% see it crossing $80,000, and 5% see it trading above $100,000. On the other hand, 20% think it would trade around $40,000, 23% expect the…

Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024 – Security Bitcoin News

boss

Gartner, an advisory firm, has predicted that criminal cryptocurrency transactions or transfers will fall by 30% by 2024. The firm says factors such as the transparency of the blockchain, as well as the democratization of fraud prevention tools, will contribute to this decline in such transactions. Blockchain Transparency Despite the surge in the value of crypto-related crimes recorded in the past year, Gartner, a business advisory firm, predicts that “successful cryptocurrency thefts and ransomware payments will drop by 30%” in two years’ time. According to Gartner, such a drop will…