So, I’ve been doing a lot of talks about it, and I’ll say, “Look, it’s not the magic wand or the terminator. It’s not a harbinger of utopia or dystopia. It’s a tool.” Crypto is a tool. And of course it could benefit some bad guys with maligned intentions. But it’s about the balance, it’s about trade-offs. And I think the balance is so much in favor of progress. Source
Last week, an NFT trader named Todd Kramer made a simple plea on Twitter. “I been hacked,” he wrote. “All my apes gone. This just sold please help me.” Kramer was referring to his cache of Bored Ape Yacht Club non-fungible tokenss – now the single most valuable franchise of crypto collectibles. They’ll run you about $276,000, at the cheapest, and Kramer had eight of them, along with seven from a spin-off collection called the Mutant Ape Yacht Club, before his tokens were siphoned away in a phishing scam. Almost…
The chart below shows the recent decline in transaction counts on Bitcoin’s blockchain. In previous cycles, an initial burst of activity supported rallying prices, but recently, transactions failed to sustain any meaningful momentum, according to crypto data firm Glassnode. Source
LinksDAO says buying the NFTs would provide their holders exclusive perks, such as the right to purchase a membership at the first physical club LinksDAO acquires, discounts on golf tee times and access to members-only Discord channels, including guest appearances by golf, business and celebrity luminaries. Source
El Salvador President Nayib Bukele tweeted his forecasts for Bitcoin in the year on New Year’s Day 2022, making some rather bullish predictions. Bukele Make Bullish Predictions On Bitcoin Under Bukele’s presidency, El Salvador became the first government to embrace Bitcoin as legal tender last year as a countermeasure to the country’s rising inflation. Since the country’s legalization, the president has purchased 1,370 BTC for the country’s reserve and spent the unrealized gains in new infrastructure projects like a hospital and a school. In 2022, President Bukele expects two more…
Polymarket cooperated with the investigation, according the CFTC’s press release, leading to a reduced fine. The company will stop offering markets by Jan. 14, 2022 and commit to making all funds available to users by Jan. 24, according to the order. Polymarket will also cease and desist any further violations of the CEA, though it does not appear the company itself will be shut down. Source
The bearish pressures facing the cryptocurrency market at the end of 2021 have continued into the first week of 2022 after the price of Bitcoin (BTC) dropped below $47,000 on Jan. 1 and the asset still faces stiff headwinds on the shorter timeframe charts. Data from Cointelegraph Markets Pro and TradingView shows that, after climbing above $47,500 to start the new year, the price of BTC fell under pressure in the afternoon on Monday. Currently, the price has dropped to $46,500 where bulls now look to mount a defense. BTC/USDT 4-hour…
The well known electronics giant Samsung, the manufacturer of LCD and LED panels, laptops, mobile phones, memory chips, and televisions, revealed that the firm’s upcoming smart TVs will incorporate non-fungible token (NFT) technology. Samsung Reveals Smart TV With NFT Capabilities One of the largest electronics manufacturers worldwide, Samsung Electronics, has noticed how popular NFTs are today and the company believes there’s something needed to view these digital artworks. The U.S. Samsung Newsroom published a summary of the company’s latest lineup of MICRO LED, Neo QLED, and Lifestyle TVs with “cutting-edge…
Bitcoin is off to a slow start as traders ring in the new year. The cryptocurrency is down about 8% over the past week as demand from buyers slowed. The current price around $46,000 is near the bottom of a two-week long price range, which previously led to higher bids for BTC. The relative strength index (RSI) on the daily chart is rising from an oversold level reached on Dec. 10. This suggests selling pressure is starting to wane, especially as downside exhaustion signals appeared on the daily chart for…
On-chain data shows Bitcoin exchange whale ratio has started rising, suggesting that a dump of the crypto may be coming soon. Bitcoin Whales Now Account For 90% Of Inflow To Exchanges As pointed out by a CryptoQuant post, the exchange whale ratio has risen above 0.9, implying that dumping may be going on in the market. The “exchange whale ratio” is an indicator that measures the ratio between the total Bitcoin amount of top 10 transactions to exchanges and the total inflows. In simpler terms, the metric tells us how…