Month: January 2022

Bitcoin’s transition to a risk-off asset will propel it to $100K in 2022, says Bloomberg analyst

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Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset.  While the Fed is planning to raise interest rates to fight inflation, risk-on assets like crypto may suffer, as people would likely prefer to invest in fixed-income assets like bonds. While this trend may represent a short-term hurdle, McGlone said he is confident that Bitcoin will still appreciate significantly in 2022: “Bitcoin is in a unique phase, I think, of transitioning from a risk-on…

FTX US Derivatives Names Former LedgerX Chairman Larry Thompson as Board Chair

CryptoX – Cryptocurrency Analysis and News Portal Additional board members named were FTX US Derivatives CEO Zach Dexter, who previously served as CEO for LedgerX; Managing Director and Head of Diverse Talent Management and Advancement at DTCC Keisha Bell; Avanti CTO Bryan Bishop; Trader at Grapefruit trading Joe Keefer; President of Baton Systems Jerome Kemp; VP and Deputy General Counsel at Robinhood Lucas Moskowiz; Global Head of Strategy for Digital Assets for the Susquehanna International Group of Companies; and Head of Policy and Regulatory Strategy at FTX US Mark Wetjen.…

This Crypto Is Undervalued! I'm Buying NOW! (FOR THE FIRST TIME)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Claim your Unstoppable Domain below and actually get a READABLE Wallet Address! Get some SWEET interest paid on your crypto at BlockFi! They give up to a $250 bonus and they pay up to 9.5% APY on your crypto! Apply for the BlockFI Bitcoin back credit card to get up to 3.5% bitcoin back with no annual fee! Want to know exactly what I’m buying in stocks/crypto right when I buy? Here is the link to Patreon! Get every buy/sell I make…

What Is KYC and Why Does It Matter for Crypto?

KYC means “know your customer.” It refers to a financial institution’s obligation to carry out certain identity and background checks on its clients before allowing them to use its product or platform. It is part of a broader set of measures that regulators around the world use to fight money laundering. In other words, it stops bad actors from hiding the illicit source of their money behind legitimate financial activity. KYC clashes with crypto exchanges KYC is one of the biggest regulatory hurdles that crypto firms have had to clear…

Crypto News Roundup for Jan. 19, 2022

This episode is sponsored by Kava. Today’s Stories: First Mover Asia: Fed Tightening, Economic Woes Continue to Spook Crypto Investors Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise European Stocks Muted as Government Bonds Come Under Selling Pressure | Financial Times Stock Futures Waver as Bond Yields Rise – WSJ Wall Street Banks Eye ‘New Normal’ for Trading Revenue | Reuters Bank of America Gets Boost From Loans as Consumers Start Borrowing Again Brazilian Asset Manager Hashdex to Launch DeFi ETF Including UNI, AAVE…

Smart contracts can redefine business — But this doesn’t imply wide openness

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In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. The contract, an obligation that party A will do something party B desires at a price both agreed to be fair, is in many ways foundational for a functioning human society. As a testament to that, even King Hammurabi, credited as the author of one of the oldest legal codes in the world, saw it…

Liquidity Mining Is Dead. What Comes Next?

For instance, in the case of a stablecoin like Terra’s UST, deposits in Curve pools help UST ensure healthy, liquid markets, aid in UST remaining pegged to a dollar and create utility for the stablecoin – achieving all the goals a liquidity mining program might, but with much more transparent costs, payoffs and goals. Source

a16z, Google lead $20M investment in Africa Web3 game publisher Carry1st

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Web3 and social games publisher Carry1st has raised $20 million in Series A funding to further expand product development in Africa — a continent that could become the premier hub for the gaming industry over the next decade.  The investment round was led by Silicon Valley venture firm Andreessen Horowitz, which has been highly active in the blockchain space, with additional participation from Avenir and Google-parent Alphabet. Carry1st’s existing backers, including Riot Games, Konvoy Ventures, Raine Ventures and TTV Capital, also participated in the investment round. The cash injection will…

BEST Time To Buy Bitcoin (Tesla Accepts DOGECOIN!)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Is now the best time to buy bitcoin? Is the cycle still going? We’ve got a lot of crypto news for you today. In today’s show we discuss: -BTC/ETH charts -BTC cycle is not over -BTC ETF update -ADA Dapps Explode -Ethereum deflation -China NFT’s -Dogecoin and Tesla -XRP lawsuit In today’s video, we will discuss Bitcoin, Ethereum, Cardano, and other top trending Crypto assets and altcoins. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Connect with Me & the BitSquad! Join the BitSquad ➡️ Join the BitBoy Lab…