In a bid to court app developers, $10 million is earmarked for making the network Ethereum Virtual Machine–compatible. Source
Algorand Pushes for Ethereum Compatibility With $20M Incentive Program
Day: February 18, 2022
Here’s why AI-equipped NFTs could be the real gateway to the Metaverse
Nonfungible tokens (NFTs) have been largely acquired as proof-of-profile pictures (PFPs) that represent a brand, embody culture or ultimately, reflect as a static status symbol. Blue-chip NFTs like the Bored Ape Yacht Club or Cool Cats were not originally backed by any tangible utility other than speculative value and hype, along with the promise of an illustrative roadmap, but in 2022, investors are looking for a little bit “more.” However, nonfungible tokens are finding their use beyond branding and status symbols by attempting to build out an existence in the…
JPMorgan enters the Metaverse, Marshall Islands legalizes DAOs, Feb. 10–16
Last week’s Crypto Biz newsletter explained how Wall Street is essentially marketing Bitcoin (BTC) for us after Wells Fargo said digital assets could “soon hit a hyper-inflection point” in terms of adoption. This week, JPMorgan Chase issued its own bullish outlook when it labeled the Metaverse a $1 trillion a year opportunity. In addition to JPMorgan, the New York Stock Exchange (NYSE) this week sent out a strong signal that nonfungible tokens (NFTs) and the Metaverse are part of its long-term plans. On the regulatory front, the Republic of the…
JPMorgan enters the metaverse, Marshall Islands legalizes DAOs, Feb. 10-16
Last week’s Crypto Biz newsletter explained how Wall Street is essentially marketing Bitcoin (BTC) for us after Wells Fargo said digital assets could “soon hit a hyper-inflection point” in terms of adoption. This week, JPMorgan Chase issued its own bullish outlook when it labeled the metaverse a $1 trillion a year opportunity. In addition to JPMorgan, the New York Stock Exchange (NYSE) this week sent out a strong signal that nonfungible tokens (NYSE) and the metaverse are part of its long-term plans. On the regulatory front, the Republic of the…
DROHT DER NÄCHSTE BITCOIN & KRYPTO CRASH? – Ukraine-Krise, FED Notfallsitzung und Aktien Absturz
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 📸 HILFE BEI INSTAGRAM ❓NOCH FRAGEN? Schreib einen Kommentar und wir liefern dir Antworten. 🔔 ABONNIEREN! Abo & Glocke drauf, um nichts zu verpassen! 📺 MEHR VIDEOS – MEINE ZWEITKANÄLE Abonniere Crypto2Go und Finanzwissen ► ► ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⚠️ DIE WICHTIGSTEN KRYPTO TOOLS ⚠️ 📈 TOP KRYPTO BÖRSEN 2022 ✅ EINSTEIGER-CHECKLISTE ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ DROHT DER NÄCHSTE BITCOIN CRASH? – Ukraine-Krise, FED Notfallsitzung und Aktien Absturz #bitcoinnews #bitcoincrash #bitcoin #kryptonews ▬▬▬ Inhalt ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 00:00 : HILFE! 02:00 : Bitcoin stabil…wie lange noch? 10:50 : Aktienmarkt…
Bitcoin Under Pressure; Lower Support at $30K-$35K
Bitcoin (BTC) remains in its short-term downtrend begun in November, currently off 40% from its all-time high near $69,000. The cryptocurrency was testing initial support at $40,000 at press time, although stronger support is seen at $30,000, which was roughly the bottom of 2021’s selloff. Original
Fed senior officials will soon not be allowed to trade crypto, stocks and bonds
The Federal Open Market Committee, or FOMC, has approved rules that would ban senior officials at the Federal Reserve from purchasing and holding cryptocurrencies and other investments. In a Friday announcement, the FOMC said that starting on May 1, senior Federal Reserve officials already working at the agency would have one year to “dispose of all impermissible holdings,” while new officials would have six months to do so. The new rules specify that Fed senior officials, which include Reserve Bank first vice presidents and research directors, FOMC staff officers, the…
Lehman Brothers Bargain Hunter Bob Diamond Now Paying Up for Crypto
Diamond’s SPAC Concord is now valuing stablecoin issuer Circle at $9 billion, twice the initial valuation. Source
Bitcoin Data Shows Profit Taking From Long-Term Holders Behind Decline To $40k
As the Bitcoin price declines to $40k, on-chain data shows long-term holders have harvested some profits recently. Bitcoin Long-Term Holder SOPR Shows Some Spikes Recently As pointed out by an analyst in a CrypoQuant post, some BTC long-term holders seem to have participated in profit taking over the past day. The relevant indicator here is the spent output profit ratio (or the SOPR in brief), which tells us about the profit ratio of the whole Bitcoin market. The metric works by checking the past history of each coin being sold…
US Senator Lummis Thinks ‘Bitcoin Is Something That the Fed Should Hold on Its Balance Sheet’ – Economics Bitcoin News
Cynthia Lummis, the U.S. Republican senator from Wyoming, believes the Federal Reserve should consider holding bitcoin on its balance sheet. Speaking on the Orrin G. Hatch Foundation’s crypto webinar panel, Lummis said that once a regulatory policy is in place it “will make a lot of sense.” Former Federal Reserve Vice Chairman Believes Crypto Perspectives Have Changed With the Advent of Stablecoins This week the Orrin G. Hatch Foundation published a webinar video featuring Bitstamp CEO Bobby Zagotta, former Federal Reserve vice chairman Randal Quarles, and the Republican senator from…