Month: January 2022

Grayscale Adds 25 Digital Assets to Its ‘Under Consideration’ List, Including DeFi, Metaverse Projects

CryptoX – Cryptocurrency Analysis and News Portal Grayscale Investments, which manages the Grayscale DeFi Fund and Grayscale Digital Large Cap Fund, has added 25 digital assets, including tokens for a number of high-profile DeFi and metaverse protocols, to a list it keeps of potential investments, the company said in a Monday blog posting. Source The post Grayscale Adds 25 Digital Assets to Its ‘Under Consideration’ List, Including DeFi, Metaverse Projects appeared first on CryptoX. CryptoX Portal

Bank of America says stablecoin adoption and CBDC is ‘inevitable’

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It appears that the U.S. will finally be moving forward to create its own central bank digital currency (CBDC) according to the Bank of America. Bank of America crypto strategists Andrew Moss and Alkesh Shah wrote in a Jan. 24 note that CBDCs “are an inevitable evolution of today’s electronic currencies,” according to a Bloomberg report. The analysts wrote: “We expect stablecoin adoption and use for payments to increase significantly over the next several years as financial institutions explore digital asset custody and trading solutions and as payments companies incorporate…

Goldman Sachs Sees the Metaverse as $8 Trillion Opportunity – Metaverse Bitcoin News

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Global investment bank Goldman Sachs has predicted that the metaverse could be an $8 trillion opportunity. Several others have similarly predicted that the metaverse is a multitrillion-dollar market. Goldman Sachs Says the Metaverse Could Be an $8 Trillion Opportunity Global investment bank Goldman Sachs has predicted that the metaverse could be an $8 trillion opportunity. Goldman Sachs’ analyst Eric Sheridan explained the bank’s metaverse prediction in a recent “Exchanges at Goldman Sachs” episode, titled “Understanding the metaverse and web 3.0.” He was asked about the evolution of the metaverse ahead…

Bitcoin Starts Recovery, Why $38K Is The Key For Reversal

Bitcoin extended decline below $34,000 against the US Dollar. BTC is recovering, but it must clear $38,000 for a steady upward move. Bitcoin remained in a bearish zone below the $38,000 and $36,500 support levels. The price is now trading near $36,500 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $35,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major increase if there is a clear move above the…

Coinbase (COIN) Stock – DROPS 9% | Should You Buy This Profitable Bitcoin Proxy?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today #COINBASE #COIN #STOCK reported Q3 earnings and we examine them to see why Coinbase stock is dropping about 9% after announcement. We then look at Coinbase from a technical perspective to see if we can buy the dip in Coinbase stock. — Follow Me On Instagram: — Follow Me On Twitter: WANT TO HELP THE CHANNEL??? (Referral Links) Shop On Amazon: We Get A Small % Of Your Purchase Sign Up For Coinbase: You Will get $10 after you buy $100…

Are We In A Bear Market? Glassnode Analyses The Latest Bitcoin Crash

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Let’s cut to the chase: Glassnode thinks we’re in a bear market. In their latest “The Week On-Chain” newsletter, the company tries to “establish the likelihood that a prolonged bear market is in play” by “using historical investor behaviour, and profitability patterns as our guide.” One thing’s for sure, the recent crash was severe, and “such a heavy drawdown is likely to change investor perceptions and sentiment at a macro scale.” Related Reading | Bitcoin Leads As Markets Sees Record Outflows. Bear Market Incoming? How severe was it? According to…

Polymarket Introduces New Information Markets After CFTC Fine, but Not for US Traders

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

Meta unveils Metaverse AI supercomputer, claims it will be world’s fastest

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Facebook’s parent company Meta says that its newly-created artificial intelligence (AI) “Research SuperCluster” (RSC) will “pave the way” towards building the Metaverse. The social media giant said that it believes RSC is already one of the fastest supercomputers in the world and will snag the top spot when it’s fully operational in mid-2022, according to a Jan, 24 blog post unveiling the hardware. “Developing the next generation of advanced AI will require powerful new computers capable of quintillions of operations per second,” wrote the company. “Ultimately, the work done with…

Top 3 Crypto to Buy in January 2022 (HUGE Potential)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ► In today’s video, I go over the Top 3 Cryptos to buy this month in January 2022! Crypto has been pretty quiet recently, there hasn’t been any crazy news, no crazy price movement, no crazy anything. The market has been just ehh… Average. But you have to remember right now or this time of the market is when the most money is made in crypto. So picking the right coins will help you do just that, and that’s what I’ll be…