Month: January 2022

NFT Market Looksrare Surpasses Opensea’s 24-Hour Sales With $385 Million in Volume – Markets and Prices Bitcoin News

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A new non-fungible token (NFT) marketplace called Looksrare has surpassed Opensea in terms of daily volume on Wednesday. Statistics show 3,264 Looksrare traders have executed $385.39 million in sales during the last day, as the marketplace has seen a 1,461% increase in daily volume. Looksrare NFT Market Captures Number 1 Position in Terms of Daily NFT Volume There’s a new Ethereum-based NFT marketplace called Looksrare and during the last day, it has surpassed Opensea in 24-hour volume. Of course, Opensea is the largest NFT marketplace in terms of all-time volume…

‘People Want to Work Smart, Not Hard’: Introducing ‘New Money’

How do you make money? Most of us still have traditional jobs where we work 9-5 each day. But a growing legion of social media stars, athletes and celebrities are showing that another world is possible. They’re showing you can create wealth with crypto and live independently with it. “New Money With Spencer and Solo” is a new show devoted to people who’ve taken big risks and got rewarded for it. People like Matt James of “The Bachelor.” “New Money with Spencer & Solo” premieres Jan. 12 at 1 p.m.…

Crypto Mining Saves A Hydro Power Plant In Costa Rica

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Green energy powers most of Bitcoin mining and the world might as well face it. And the rest of the cryptocurrencies that use Proof-Of-Work might be right behind, because they follow the same incentives. In their quest for cheaper energy sources, they all reach the same conclusion. Humanity is wasting renewable energy all over the world. And wasted energy is the cheapest of them all.  In today’s story, a hydropower plant that had to pause operations for nine months found cryptocurrency mining and got the dream client they needed. Reuters…

‘Fan Controlled Football League’ Goes Crypto With $40M Investment From Animoca, Delphi

The Fan Controlled Football League (FCF) is gearing up for its second season after closing a $40 million Series A led by Animoca Brands and Delphi Digital, the league announced Wednesday. The FCF is an alternative professional sports league where fans vote on real-time decisions for their team, including play calling and roster management. “We call the league a real-life video game,” FCF CEO Sohrob Farudi told CoinDesk in an interview. “When you look at all the elements of the league, the buying and selling of gear, team governance, community…

Bitcoin shoots to $44,000 as US inflation hits 7.8% in December

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The latest figures from the United States Bureau of labor statistics show that the (Consumer Price Index) CPI hit 7% in December.  Bitcoin (BTC) was volatile prior to the announcement, fluctuating over $2,000 from lows of $41,000 to $43,000 on Wednesday morning. Upon release of the figures, the price continued its upward climb, touching $44,000.  Prior to the announcement, Twitter was rife with speculation. According to a poll by @coinbureau, 53% of his 580,000 followers expected CPI to overshoot the consensus estimation of 7% inflation. Macroeconomic specialist and cryptocurrency soothsayer…

Bitcoin shoots to $44,000 as US inflation hits 7% in December

The latest figures from the United States Bureau of labor statistics show that the (Consumer Price Index) CPI hit 7% in December.  Bitcoin (BTC) was volatile prior to the announcement, fluctuating over $2,000 from lows of $41,000 to $43,000 on Wednesday morning. Upon release of the figures, the price continued its upward climb, touching $44,000.  Prior to the announcement, Twitter was rife with speculation. According to a poll by @coinbureau, 53% of his 580,000 followers expected CPI to overshoot the consensus estimation of 7% inflation. Macroeconomic specialist and cryptocurrency soothsayer…

Owner of Russian bank Tinkoff acquires Swiss digital asset firm

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TCS Group, the owner of the major private Russian bank Tinkoff, is gaining exposure to digital assets. The firm has invested in Swiss digital asset service provider Aximetria, which is set to become the company’s first major crypto-related outfit, local news agency The Bell reported Wednesday. Citing data from Aximetria, the report suggests that TCS purchased 4,449 Aximetria shares worth 100 Swiss francs ($108) per share. Given that Aximetria’s total share capital was about 535,000 francs ($578,000), the publication reported TCS’ stake to be around 83.2%. A spokesperson for Tinkoff…

US Inflation Rate Rises to Four-Decade High of 7% in December

“The Fed sees inflation lasting till mid-2022 and that is probably when they will let the balance sheet decline,” Edward Moya, senior market analyst at The Americas OANDA said. “The path of inflation may drive quicker rate hikes and a sooner start to shrinking the balance sheet, and that could be bearish short-term for risk assets such as cryptos, but equities will likely feel more pain.” Source