Day: December 12, 2023

Bitcoinโ€™s open interest declines as BTC falls below $42k

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Bitcoin (BTC) total open interest (OI) sees sharp decline as whales dump at $44,000.ย  According to data provided by the market intelligence platform Santiment, Bitcoinโ€™s total OI declined by 10.4% in the past 24 hours โ€” dropping from $8.1 billion to $7.2 billion. After surpassing $44,000 on Dec. 6 the price of one BTC has slipped by 0.6% in the past 24 hours and is currently at $41,950. BTC price and open interest โ€“ Dec. 12 | Source: Santiment The assetโ€™s market cap currently stands at $822 billion with a…

BitTorrent rises 60%, GFOX presale targets $1m

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BitTorrentโ€™s BTT has been rising as confidence in the TRON blockchain increases. Meanwhile,ย Galaxy Fox, a new crypto project, has raised over $850,000 in the ongoing presale. As Bitcoin (BTC) rises, benefiting altcoins and examining low-cap crypto opportunities can be a strategic approach for investors. A look at Galaxy Fox In the volatile cryptocurrency market, where even established projects can experience significant fluctuations, new projects with low market caps can…

Dubai awards conditional crypto license to climate-friendly Web3 firm

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Dubaiโ€™s Virtual Assets Regulatory Authority (VARA) granted a conditional license to Enjinstarterโ€™s AYA platform for offering crypto asset and investment services.ย  On Dec. 11, the Dubai arm of Web3 launchpad and advisory firm Enjinstarter received a crypto license subject to fulfilling certain conditions before the commencement of services. After meeting all the requirements of the Dubai regulator VARA, the platform will be subject to regulatory re-verification and approval. The announcement read: โ€œThe license remains non-operational until the company fully satisfies all remaining conditions and select localization requirements defined by VARA.โ€…

Buy the dip, sell the rip? BTC price levels to watch as Bitcoin taps $42K

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Bitcoin (BTC) faces an uphill struggle to reignite its uptrend after its biggest one-day losses of 2023. The largest cryptocurrency continues to claw back lost ground after falling to lows of $40,200 after the Dec. 10 weekly close, the latest data from Cointelegraph Markets Pro and TradingView shows. BTC/USD 1-hour chart. Source: TradingView With BTC price action taking a break from relentless gains โ€” one which many argue was overdue โ€” new key support and resistance levels are coming into play. The coming days are already set to offer plenty…

El Salvadorโ€™s Freedom Visa Program Attracts $153M in Less Than One Week

The El Salvador Freedom Visa program opens the path to citizenship to 1000 crypto millionaires per year in a bid to build a stronger economy. Nearly three years after El Salvador made headlines by adopting Bitcoin (BTC) as legal tender alongside the United States dollar, the country has grown into a robust economic hub in Latin America. El Salvador President Nayib Bukele has remained steadfast in transforming the country to an improved financial position despite the heavy criticism from Western banking institutions like the World Bank. Moreover, El Salvador could…

Coinbase Base Gets Its First Token as Seamless Protocol Unveils ERC-20 SEAM Token

Seamless Protocol, a prominent project within Coinbaseโ€™s Base ecosystem, has launched its governance tokens for trading on the crypto exchange under the ticker SEAM starting at 18:00 UTC on Monday, December 11. As a leading lending and borrowing protocol on the layer-2 blockchain, Seamless boasts a substantial total value locked (TVL) exceeding $10 million. SEAM, the inaugural Base token, will debut on Coinbase. The distribution of SEAM occurred through an airdrop, rewarding users based on their engagement with the Seamless platform, including activities like providing funds to pools and participating…

Cardano Foundation Unveils Identity Wallet to Support Seamless Web3 Adoption

The new Cardano Foundation-backed mobile wallet is interoperable with other blockchains and also prioritizes asset security and user privacy. Cardano (ADA) network, a leading smart contract-focused blockchain with more than $378 million in total value locked (TVL) in its decentralized financial (DeFi) protocols, has grown to a mature ecosystem despite the devastation of the 2022 crypto bear market. The Cardano network has seen exponential growth in the staked ADA, amid the mass adoption of digital assets and the web3 industry led by institutional investors. Backed by the Cardano Foundation, IOHK,…

El Salvador approves launch of Bitcoin volcano bonds for Q1 2024

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El Salvadorโ€™s Bitcoin โ€œvolcano bondsโ€ are set to be launched in early 2024 following reported regulatory approval. The National Bitcoin Office (ONBTC) announced on Dec. 11 that the bonds had received approval from El Salvadorโ€™s Digital Assets Commission, with a planned release in Q1 of 2024. The bonds, with a ten-year duration, offer an annual return of 6.5% to investors. ๐ŸšจBREAKING NEWS๐Ÿšจ The Volcano Bond has just received regulatory approval from the Digital Assets Commission (CNAD). We anticipate the bond will be issued during the first quarter of 2024. This…

Explosive Growth Forecasted for Blockchain Gaming: Market to Hit $614 Billion by 2030

The blockchain gaming industry, a dynamic and rapidly evolving sector, is forecasted to skyrocket from its 2023 valuation of $154.46 billion to an astounding $614.91 billion by 2030, marking an impressive compound annual growth rate (CAGR) of 21.8%โ€‹โ€‹โ€‹โ€‹โ€‹โ€‹. This remarkable growth trajectory underscores the increasing integration of blockchain technology into gaming, offering an innovative blend of entertainment and digital asset management. Emerging Trends in Blockchain Gaming 1. The Emergence of DAOs in Gaming: One notable trend is the integration of Decentralized Autonomous Organizations (DAOs) within games. Pioneered by games like…