January 2022

Bitcoin open interest matches record high amid predictions of BTC price ‘fireworks’ this month

January 4, 2022 boss

Bitcoin (BTC) is in line for “explosive” price action as derivatives markets return to form in 2022, a new forecast states. In a tweet on Jan. 4, Vetle Lunde, an analyst at Arcane Research, confirmed that BTC denominated open interest (OI) had returned to all-time highs seen in November. Open interest demands “fireworks” within weeks Bitcoin futures and options have taken a beating during the end-of-year BTC/USD retracement, but as the holiday period ended, consensus began to form around a major comeback. Institutional traders should become the major force on…

Fantom (FTM) Surges, NEAR Sets Highs as Major Cryptos Stagnate

January 4, 2022

Native tokens of the Fantom and Near blockchains surged as much as 20% in the past 24 hours amid a continuing trend of investors betting on the growth of layer 1 protocols. The NEAR token hit a new all-time high of $17.48 before a brief sell-off at the time of writing. The moves defied stagnation in the price movements of major cryptocurrencies, such as bitcoin and ether, which fell 2% in the past 24 hours, data from CoinGecko showed. Layer 1 networks refer to individual blockchain platforms such as Ethereum…

Spain Reduces ATM Numbers to 2002 Levels as Country Moves to Digital Payments – News Bitcoin News

January 4, 2022 boss

The number of ATMs in Spain has been progressively shrinking to levels the country saw in the year 2002. Reports from local media suggest these actions have been taken to reduce costs and to push payment and operation digitalization in the sector. The highest number of ATMs was registered in 2008 when there were 61,714 active machines in the network. Banks in Spain Reduce ATMs The number of ATMs in Spain has dropped to its lowest level since 2002, when the network had 1,795 more ATMs than it…

Bitcoin of America Surpasses 1500+ BTMs – Press release Bitcoin News

January 4, 2022 boss

press release PRESS RELEASE. Bitcoin of America, a popular digital currency exchange, has surpassed 1500 plus Bitcoin ATMs. Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, their customer support makes them the best in the industry. Bitcoin of America is currently headquartered in the city of Chicago. Bitcoin of America has demonstrated rapid growth in 2021. In June of this year, Bitcoin of America’s Chief Financial Officer…

Revuto Becomes First Cardano-Native Asset To List On Top-Tier Exchanges KuCoin and Gate.io Simultaneously

January 4, 2022 boss

Listing On Noteworthy CEXs Opens Floodgate For Revuto User Acquisition Blockchain startup Revuto, a platform that enables users to manage and pay for subscriptions using cryptocurrencies easily, has announced the listing of its Cardano-native REVU token on top-tier centralized exchanges KuCoin and Gate.io. Starting January 7, 2022, retail investors can purchase the token through either of these platforms and be a part of the Revuto community. Revuto is the first dApp on Cardano, designed to leverage Cardano’s native tokens and DeFi solutions to help users pay for their subscriptions and…

NFT-focused holding company raises $50 Series A

January 4, 2022

Digital asset curator Metaversal announced Tuesday that it has completed a $50 million funding round to further expand its investment capabilities in the nonfungible token (NFT) and metaverse sectors. The Series A funding round was co-led by investment firms CoinFund and Foxhaven, with additional participation from Collab+Currency, Dapper Labs, Digital Currency Group, Franklin Templeton, Rarible, Theta Blockchain Ventures, Galaxy Vision Hill and others. Metaversal said it will use the funding to expand its NFT-focused business, including acquiring high-profile digital collectibles and supporting projects that are being bootstrapped by its venture…

NFT-focused holding company raises $50M Series A

January 4, 2022 boss

Polkadot Gets DeFi Building Block as DEX Aggregator Dot Finance Migrates From BSC

January 4, 2022

Dot Finance automates and maximizes rewards for its users and helps them earn fees from other DeFi services, such as lending, trading, and borrowing. Similar to other DeFi applications, Dot Finance uses smart contracts instead of third parties to provide financial services to users, such as lending, trading, and borrowing. Source

Coinbase CEO reportedly buys LA mansion for $133M

January 4, 2022 boss

Brian Armstrong, CEO of Coinbase — the largest cryptocurrency exchange in the United States — reportedly made a multi-million-dollar real estate purchase at the end of 2021. Armstrong bought a $133-million Los Angeles property from Japanese entrepreneur Hideki Tomita in December, The Wall Street Journal reported on Monday, citing anonymous people familiar with the matter. According to The Wall Street Journal, Tomita originally purchased the real estate for $85 million in 2018. The new deal allegedly marks the biggest home purchase ever completed in the L.A. area. Prior to being…

Nigeria Based Storage Provider Says It’s Too Risky for the World to Rely Centralized Cloud Storage Platforms – Interview Bitcoin News

January 4, 2022 boss

In the past year, internet giants like Amazon and Google all experienced outages which were blamed on errors and failed upgrades. The occurrence of such outages and their impact around the world again highlighted the importance of having a decentralized internet. Also, just like how the Covid-19 pandemic showed the world that blockchain-based digital currencies are the future, the outages suffered by the powerful internet companies may have given an impetus to those that champion the Web3.0. However, this Web3.0 can really take off if players in this ecosystem play…