Day: November 29, 2022

ETH Climbs Above $1,200 Ahead of US Consumer Confidence Report – Market Updates Bitcoin News

boss

Ethereum rose back above $1,200 on Tuesday, ahead of the upcoming consumer confidence report from the United States. The price comes following a breakout above a key resistance level of $1,180. Bitcoin also climbed higher in today’s session, ending a five-day losing streak. Bitcoin Bitcoin (BTC) snapped a five-day losing streak on Tuesday, as prices moved away from a recent point of support. Following a low of $16,054.53 to start the week, BTC/USD surged to an intraday high of $16,522.26 earlier today. This surge saw bitcoin climb from its aforementioned…

Fantom (FTM) Up 10% After Cronje Article

boss

The 69th largest cryptocurrency by market capitalization, Fantom (FTM), has shown relative strength over the past seven days, rising 29%. Over the past 24 hours, it even stands at a gain of 10%. Today’s surge comes after DeFi star programmer Andre Cronje published a Medium post about the “crypto company” Fantom, detailing its financial history. In the article, Cronje describes that Fantom started with $40 million, mostly in ETH with an average price of $450 to $700. Due to the crypto winter at the time, Fantom shad to sell its…

Chainlink eyes 25% rally ahead of LINK staking launch in December

boss

Chainlink (LINK) looks poised for a 25% price rally in the days leading up to its staking protocol launch, based on several fundamental and technical factors. Chainlink’s price rallies ahead of staking launch The staking feature, which will go live as v0.1 in beta mode on Dec. 6, comes as a part of the so-called “Chainlink Economics 2.0” that focuses on boosting LINK holders’ reward-earning opportunities for “helping increase the crypto economic security” of Chainlink’s oracle services. Earlier, Chainlink users had to launch their own nodes to receive rewards in LINK…

President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality – Blockchain Bitcoin News

boss

Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal finance. At an event, Neto explained the concept of “open finance,” showing a “super app” that featured PIX (a payments network) functionality, and also integration with other stablecoins already available. Digital Real Might Connect Directly With Cryptocurrencies The proposed Brazilian CBDC, the digital real, is ostensibly growing to have more and more functions. Roberto Campos Neto, president of the Bank…

Bitcoin․com Announces Strategic Partnership with Poly Network – Press release Bitcoin News

boss

press release Join the Verse public token sale now and purchase VERSE tokens using BTC, BCH, ETH and USDT/USDC. Sale closes Dec 1 at 0:00 UTC. Bitcoin.com, a digital ecosystem that offers secure self-custody solutions for users to easily interact with cryptocurrencies, has formed a mutually beneficial strategic partnership with Poly Network to support Bitcoin.com’s Verse ecosystem. Poly Network is a decentralized and trustless interoperability protocol for heterogeneous blockchains, which has so far integrated support for over 130 tokens. Verse is Bitcoin.com’s ecosystem token that will launch following the public…

Non-whale Bitcoin investors break new BTC accumulation record

boss

Some non-whale Bitcoin (BTC) investors seem to have had zero issues with the cryptocurrency bear market as well as fear, uncertainty and doubt (FUD) around the fall of FTX, on-chain data suggests. Smaller retail investors have turned increasingly bullish on Bitcoin and started accumulating more BTC despite the ongoing market crisis, according to a report released by the blockchain intelligence platform Glassnode on Nov. 27. According to the data, there are at least two types of retail Bitcoin investors that have been accumulating the record amount of BTC following the…

Regulating Crypto ‘Should Be Combined With Education’ Says Top Wadzpay Executive – Interview Bitcoin News

boss

The collapse of Do Kwon’s Terra empire in May, and Sam Bankman-Fried’s FTX in early November 2022, will be remembered as two incidents that put the crypto industry on the back foot. It is now widely expected that regulators around the world will use the two incidents to justify the establishment of regulatory regimes that are likely to stifle further innovation. That notwithstanding, one Singapore-based blockchain payments company, Wadzpay, has partnered with Saudi Arabian fintech Geidea to provide financial solutions for pilgrims on their way to Mecca. Providing a Cutting…