Month: January 2022

Bullish Exchange Hits Record Daily Trading Volume of $300 Million

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Bullish, a prominent technology firm in the digital asset ecosystem, recently announced that the Bullish Exchange saw record numbers on 25 January 2022. According to the details shared by the company, the total 24-hour trading volume on the exchange crossed $300 million on Tuesday, the highest level on record. In total, the platform crossed $5 billion in trading volumes. Launched in November 2021, Bullish Exchange witnessed consistent growth in the last few weeks. In terms of 24-hour trading volumes, the company achieved the milestone of $100 million on 9 December…

Samsung Provides a Glimpse Into the South Korean Metaverse and NFT Craze – Metaverse Bitcoin News

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At the very beginning of 2022, South Korean tech giant Samsung announced its foray into the metaverse and a new “NFT Aggregation Platform” designed for its smart TVs. In addition to the NFT TVs, Samsung also launched a virtual experience inside of Decentraland, one of the most popular metaverse gaming platforms. It’s high time we had a peek at the South Korean NFT world to see the latest developments. Samsung NFT TV and Presence in Decentraland The idea of the metaverse is no longer the distant, dreamy vision shared only…

Turkish president orders ruling party to organize metaverse forum

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Turkish President Recep Tayyip Erdoğan and ruling Ak Party officials met earlier this week to discuss the metaverse, with the president calling for comprehensive research on the subject. Erdoğan has reportedly urged the Ak Party to study the metaverse, cryptocurrencies, and how transactions are made using them, according to a Daily Sabah report. At a meeting on Jan. 25, party leaders were instructed to research the phenomenon with significant ramifications for the future. The economic aspects of the metaverse, cryptocurrencies, and social media are anticipated to be addressed at a…

Money Laundering Picks Up Steam on DeFi Protocols: Chainalysis

And DeFi is not the only crypto-related money laundering method on the rise: Mining pools, high-risk exchanges and mixers also received an increased amount of crypto from wallets tied to criminal activity last year. However, Chainalysis’ research suggests the largest group of crypto criminals still prefer to launder their money the old fashioned way, through centralized exchanges. Source

Ripple announces $200M share buyback and expresses optimism for 2022

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Blockchain payments firm Ripple has announced a $200 million Series C share buyback, a decision that will take the San Francisco-based tech firm to a record-high valuation of $15 billion. Back in December 2019, Ripple raised $200 million in a Series C funding round with Tetragon Financial Group, a United Kingdom-based investment firm, acting as the lead investor alongside other participants SBI Holdings and Route 66 Ventures. However, in December 2020, the United States Securities and Exchange Commission (SEC) issued a $1.3 billion-dollar financial lawsuit against Ripple Labs, as well…

Bitcoin Mining In Pakistan 2022 | Earn 50$ Per Day From Mining Rig In Pakistan | @Daily Price Idea

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Coinbase Shares Are Very Unattractive Heading Into First Half, Mizuho Securities Says

Renewed signs of a “crypto desert” coupled with declining yields make Coinbase especially unattractive heading into the first half of this year, Mizuho Securities said in an analyst report published Tuesday, cutting its price target for the shares to $220 from $300. Mizuho forecasts the crypto exchange had trading volume of about $525 billion in fourth-quarter 2021, up around 60% sequentially, implying revenue of about $2 billion. This is relatively in line with consensus, the analysts wrote. For the first quarter, the bank sees “significant downside to consensus revenue expectations,”…

‘Ethereum’ vs ‘Eth 2’: What’s in a Name?

The Ethereum Foundation announced in a blog post that it is nearly time to put an end to “ETH2” and the nomenclature that seems to separate the proof-of-stake chain from the proof-of-work chain. While it made sense when Ethereum’s roadmap looked to build out a separate proof-of-stake chain and simultaneously destroy the proof-of-work chain as we know it, the roadmap now involves a Merge between Eth 1 and Eth 2, pairing the current execution (application) layer on the proof-of-work chain with the consensus layer of the Beacon Chain. In the…

Valkyrie Applies to List Bitcoin Miners ETF on Nasdaq

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Crypto asset manager Valkyrie has applied to the U.S. Securities and Exchange Commission (SEC) to list its exchange-traded fund (ETF) offering exposure to stocks in bitcoin mining companies on Nasdaq. The Valkyrie Bitcoin Miners ETF will invest at least 80% of its net assets in securities of firms that derive a minimum of 50% of their profit from bitcoin mining, according to a filing with the SEC Wednesday. Following the SEC’s reluctance to approve a spot bitcoin ETF, asset managers and investment firms have turned to products offering exposure to…

NFT Platform TRLab Raises $4.2M to Diversify Its Artwork Collection

TRLab, a platform for collecting art in the form of non-fungible tokens (NFTs), raised $4.2 million in a funding round, according to a press release shared with CoinDesk. The company will use the funds to diversify its collection and add art projects of “varying scope and scale, ranging from full-production genesis drops to curated multi-artist projects united along a common theme, to large-scale editions that integrate shared learning and direct access to artists into the collecting process,” the statement said. The platform is geared towards the higher end of the…