Among the top ten cryptocurrencies by market capitalization, tokens of Ethereum rivals Avalanche (AVAX), Terra (LUNA), and Solana (SOL) – the so-termed ‘SoLunAvax’ trade – fell as much as 12% in the past 24 hours. Polkadot (DOT), another Ethereum rival, saw its tokens fall by 14% before seeing a slight revival in Asian hours on Thursday. Source
Coinbase’s chief product officer has shared some predictions for 2022 regarding Ethereum’s scalability, the metaverse, decentralized finance (defi), non-fungible tokens (NFTs), and more. 2022 Predictions by Coinbase’s Executive Coinbase’s chief product officer, Surojit Chatterjee, shared last week 10 predictions of what the crypto industry holds in 2022. The predictions cover a range of crypto topics, including ETH scalability, zero-knowledge proof technology, decentralized finance (defi), non-fungible tokens (NFTs), and the metaverse. Non-fungible tokens “will become the next evolution of users’ digital identity and passport to the metaverse,” the executive described, adding:…
As the price of Bitcoin hovers just around $43,000, the cryptocurrency community is buzzing with expectation. This is due to the sideways price action following Federal Reserve commitment to decrease balance sheet. Bitcoin and Crypto Market Crash The price of bitcoin fell below $44,000 shortly after the Federal Reserve’s December FOMC meeting notes re-confirmed efforts to regulate the balance sheet. After minutes from the Federal Reserve’s December FOMC meeting revealed that the regulator is dedicated to reducing its balance sheet and hiking interest rates in 2022, Bitcoin (BTC) and the…
On the 4th anniversary of the exchange in December 2021, CoinEx launched the “Meet the CoinEx Team” anniversary celebration together with its global Ambassadors as a gesture to thank and give back to users. On December 21, 2021 (UTC), on behalf of the exchange, CoinEx’s US Partner Devis Maxhari hosted a “Meet the CoinEx Team” meet-up to celebrate the exchange’s 4th anniversary. Ever since its inception, CoinEx has always valued interactions with users. This meet-up brought users and the exchange closer through videos, and CoinEx’s US team also reached out…
Liquidations occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin. This happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets. Source
Cryptocurrencies and blockchain technology continue to push back against the established global financial system, promising a more equitable society for all. Finance, privacy, governance, and charity — all of these components of society have been significantly boosted by technological innovations, removing barriers for everyone. Despite early progress, realizing these goals requires significant additional effort. Indeed, much more potential exists in the use of decentralized technologies when it comes to charities. Tiger King Coin has begun doubling down on this opportunity, knowing that a worldwide community can come together to better…
Professional drone racing League (DRL) joins the Metaverse world by launching its first game. A money-making crypto sports game on the Algorand blockchain in partnership with Playground Labs, a Web 3 game developer from crypto investment fund Hivemind. These two teams said they would launch the first in-game money-making game using DRL in their virtual world on the Algorand blockchain, extending DRL’s high-speed drone race into the metaverse. The global gaming, cryptocurrency, and drone market are currently worth over $2 trillion. By developing the first P2E on-chain and launching a…
The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is currently drawing up a list of witnesses. They will be questioned about the energy use of proof-of-work mining, the type of mining used for bitcoin, according to the report. Source
In the last few years, gaming has evolved to become something more than just a pastime. It is now a full-fledged industry with some of the biggest names in the business investing in it. Real money is being invested in virtual goods that don’t have any value in the outside world. NFTs are changing the game and maybe the next best thing to happen to the gaming industry. Thоugh NFTs hаve been аrоund sinсe 2014, it wasn’t until 2021 thаt this revоlutiоnаry teсhnоlоgy entered the mаinstreаm, аffeсting the аrt wоrld…
Moneygram has completed an investment in cryptocurrency ATM operator Coinme. “At Moneygram, we continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency,” said the CEO. Moneygram Invests in Crypto Company Coinme Moneygram International Inc. (NASDAQ: MGI) announced Wednesday that the company “has completed a strategic minority investment in Coinme, a leading cryptocurrency cash exchange in the U.S.” This venture gives Moneygram an approximate 4% ownership stake in Coinme. Alex Holmes, Moneygram chairman and CEO, commented: At Moneygram, we continue to be bullish on…