Day: December 19, 2022

BTC, ETH Consolidate as Markets Prepare for Christmas Break – Market Updates Bitcoin News

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Bitcoin continued to consolidate to start the week, as market volatility remained in place ahead of the Christmas holidays. The world’s largest cryptocurrency remained below $17,000 on Monday, as price attempted to break out of a key resistance level. Ethereum was below $1,200 on Monday. Bitcoin Bitcoin (BTC) started the week below $17,000, as prices continued to consolidate following a volatile weekend. Following a low of $16,671.80 on Sunday, BTC/USD rose to a peak of $16,815.39 earlier in today’s session. Monday’s move saw the world’s largest cryptocurrency rise above a…

Polychain Leads $7M Funding for Hardware Wallet Developer Foundation Devices

Founded in April 2020, Boston-based Foundation focuses on products that make bitcoin and decentralized technologies more accessible. The flagship product is Passport, a $259 hardware wallet that uses a camera and QR codes for more secure communication rather than a USB or wireless connection to the outside world. Foundation has also developed the Envoy mobile app, a mobile wallet that helps users set up, maintain and interact with their Passport wallet. Source

5 Ways Crypto Startups Are Utilizing Their Marketing Budget

The marketing strategies outlined in this article are just some of the ways that blockchain startups can build their brand and engage with the crypto community as a whole. If you want to successfully navigate your startup through the highly competitive Web3 space, you need to get creative with your marketing budget. The first step is finding a way to overcome the challenge of attracting new users, customers, and investors with limited resources. Second, you need to make sure that those people trust your projects, understand your product, and are…

Binance.US Agrees to Buy Bankrupt Crypto Lender Voyager’s Assets for Over $1B

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Gate US Receives Licenses to Operate Crypto Exchange in Several States, will Launch Services Soon

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Cryptocurrency exchange Gate.io’s subsidiary Gate US has announced that it will launch its services in the United States, barring New York, Hawaii, and Puerto Rico states. However, it has not given any timeline as to when its services will be available in the US. Gate US has received licenses to operate in several US states, the company said in a press release. “Gate US is committed to regulatory compliance. In alignment with such commitments, Gate US has proactively registered as a money services business with FinCEN and obtained some money…

Kazakhstan to Press on With CBDC Development till 2025

The bank said it has completed some phases of the trial, including refinement of the prototype and introduction for a limited number of participants. For the next two years, the country “will develop solutions for launching into industrial operation,” and will cooperate with other central banks on cross-border and currency-exchange operations, the report said. By December 2025 it will add more participants, aim to introduce offline capabilities and connect with non-bank mediators. Source

Yuga Labs Names Activision Blizzard’s Daniel Alegre as CEO

Alegre boasts an impressive resume, holding leadership positions at global music and media giant Bertelsmann and spending over 16 years as president of various international divisions at Google. In April 2020, Alegre was named president and chief operating officer of Activision Blizzard, the powerhouse gaming company behind titles like Call of Duty, World of Warcraft and more. Source

DeFi Ecosystem on Rapid Pace for Break Out

As the DeFi ecosystem tends toward maturity, the combined activities in this unique offshoot of blockchain technology rake in as much as $8.2 billion in fees. The digital currency industry and the Decentralized Finance (DeFi) ecosystem have been embroiled in a hash crypto winter for the better part of 2022. Despite these tough economic and market conditions, a recent report from Hashkey Capital, a renowned crypto fund with roots in Asia has shown that DeFi has exhibited more potential for an imminent growth breakout. According to the report, the DeFi…

Treasury Yields Bounce Setting Pace for Stock Market Growth

The ripple effect of the bearish sentiment in the US stock market has also contributed to the encompassing slump in the digital currency ecosystem. Treasury yields in the United States went on a bounce on Monday as investors started assessing the positivity around the latest interest rate hike on the broader stock market. As reported by Coinspeaker, the Federal Open Market Committee (FOMC) of the Federal Reserve raised interest rates by 50 basis points to its highest level in 15 years. Besides the heightened interest rate, the 50 basis points…