Month: January 2022

Coinbase Chief Of Product Predicts Major Advances For Ethereum In 2022

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Ethereum is one of the prominent blockchains in the crypto industry that established smart contract technology. This helped consolidate decentralized finance and checkmate third-party interference in cryptocurrency transactions. But in the past, its main challenge and setback were linked to scalability and speed in executing transactions. As the months and years roll by, Ethereum is making tremendous progress in tackling scalability issues. This led to the rolling out of the layer-two version of the blockchain. Related article | Is Norton 360 Mining Ethereum In Your Computer? If It Is, They’ll Take…

CoinMarketCap allegedly lists 3 fake SHIB contract addresses, Twitter firestorm ensues

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A bit Twitter drama ensued on Thursday, continuing well into Friday afternoon, when developers behind popular meme token Shiba Inu (SHIB) issued a statement alleging that CoinMarketCap had listed three fake SHIB contract addresses belonging to the Binance Smart Chain (BNB), Solana (SOL), and Terra Luna (LUNA) blockchains. The staff at Shiba Inu claimed that the addresses were unsafe and that CoinMarketCap had refused to correct the alleged mistake. At the time of publication, the contract addresses are still viewable on CoinMarketCap. Official Statement regarding the recent actions by @CoinMarketCap…

Cathie Wood’s ARK ETF reportedly buys 6.93M shares of SPAC merging with Circle

Cathie Wood’s Ark Invest has reportedly purchased 6.93 million shares of the special purchase acquisition company, or SPAC, that is merging with Circle, for $70.6 million through the company’s ARK Fintech Innovation exchange-traded fund (ETF). This purchase would represent a new position for the ETF, according to MarketWatch.  Ark Invest’s ETFs have a history of bold purchases within the tech industry as indicated by their move to buy $80 million in Robinhood shares after the prices dipped back in October 2021. Wood is also bullish on crypto despite passing on…

Crocs Is Chomping Into NFTs, Trademark Filings Show

Non-fungible tokens of Crocs “footwear, clothing, bags, accessories and charms for decorating” them would all be covered, public filings show. So, too, would software for sending, receiving and trading these digital assets, as would an online store for selling them, the USPTO application said. Source

3 reasons why Near Protocol (NEAR) just hit a new all-time high

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The layer one (L1) battle is starting to heat up again and multiple protocols have seen their token values rise in recent weeks as traders venture out to see what life is like outside of the Ethereum (ETH) network.  One L1 protocol that has seen its token price climb to a new all-time high this week was NEAR, a community-run cloud computing platform focused on interoperability and lightning quick transaction speed. Data from Cointelegraph Markets Pro and TradingView show that, following a pullback that hit a low of $13.10 on…

Rio De Janeiro Is Giving People a 10% Discount to Pay Taxes in Bitcoin

This episode is sponsored by Nexo, Abra and FTX US. Download this episode This was, NLW argues, a very good week for crypto. He covers: The mayor of Rio announcing big bitcoin/crypto support this week Strike launching in Argentina Northwest Arkansas offering tech workers $10,000 in BTC and a bike to move to the region A congressman introducing legislation to ban the Fed from issuing a CBDC Jack Dorsey’s Block building bitcoin mining hardware See also: Bitcoin Price Analysis, Inflation, Rio de Janeiro to Add Bitcoin to Treasury and More “The Breakdown” is written,…

FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption – Finance Bitcoin News

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The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside investments in “social, gaming, fintech, software, and healthcare.” FTX Reveals $2 Billion Venture Capital Fund, Hires Lightspeed Partner Amy Wu FTX Trading Limited has announced the launch of a new venture capital fund aimed at bolstering blockchain and cryptocurrency solutions that are applied to an assortment of different industries. In addition to launching FTX Ventures’ $2 billion venture capital fund,…

Bitcoin Holding Support Above $42K; Resistance at $45K-$47K

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Bitcoin (BTC) buyers are attempting to reverse a two month-long downtrend. The cryptocurrency declined by roughly 30% from an all-time high near $69,000 in November, and now technical indicators suggest the sell-off is starting to stabilize. BTC was trading around $43,000 at the time of writing, and is up about 3% over the past week. Support is seen around the $40,000 price level, which could limit pullbacks over the short term. Still, upside could be limited toward the $45,000-$47,000 resistance zone over the weekend. The relative strength index (RSI) on…

Crypto Exchange Bitfinex Tells Ontario Customers to Close Accounts

Cryptocurrency exchange Bitfinex said customers based in Canada’s most populous province will no longer have access to any services beginning March 1. No reason was given for the move. Bitfinex told its Ontario customers they should withdraw their funds on or before March 1. Beginning today, customers without account balances will have their accounts closed. Those without open positions on the exchange’s peer-to-peer financing markets will lose access to those markets. And customers without open margin positions will also no longer have access to margin or borrowing. Crypto exchange giant…