Managing partner at Fundstrat, Tom Lee says Bitcoin can still reach a price of $200,000 in 2022 despite the current disappointing performance. Lee said this during a webinar by investing education platform Market Rebellion. Bitcoin has made a lot of progress in 2021, with the Bitcoin price starting from $29,000 in January and reaching a […]
The cryptocurrency exchange Kraken announced its acquisition of Staked, a crypto staking platform that specializes in providing people with access to proof-of-stake (PoS) networks.This is the fifth acquisition by the fourth largest crypto exchange in terms of reserves. Although the amount involved in the deal was not disclosed, Kraken describes it as:One of the largest […]
A government news agency in China, Xinhua has proposed issuance of a digital media photo collection as a non-fungible token (NFT). The agency plans to release the photo collection of 11 photos free of charge online to the public on 24 December, according to a report from a local news outlet.Xinhua will be the first government […]
Leading crypto exchange Binance has partnered Dubai World Trade Centre Authority (DWTCA)’s to build its new crypto hub. The exchange is joining the hub less than 24 hours after Dubai announced the launch. Binance is among the first crypto exchanges to partner with Dubai on this project. The exchange has already signed a memorandum of […]
Instagram is considering the integration of Non-fungible Tokens (NFTs), the company’s CEO Adam Mosseri said during a Q&A over the weekend.Adam said the social media giant was “actively” exploring NFTs and how to make it more accessible to its growing user base, reports say.Adam said during the Q&A:Nothing to announce yet but we are definitely […]
The crypto market has been uneventful for most cryptocurrencies. For Terra (LUNA), it is one of the best times. The asset recently became the 9th largest cryptocurrency by market capitalization following a soft fork and network upgrade. The cryptocurrency was consistently rising but in the last two days LUNA pushed Polkadot out of the top […]
India’s central bank, the Reserve Bank of India has proposed a complete ban on cryptocurrency in the country. Persons familiar with the matter, the bank made this known in a presentation to its central board in a meeting on Friday December 17. Citing macroeconomic, financial stability and exchange management as major concerns, the bank stressed […]
Russia has become the latest country considering a possible ban on crypto investments, a Reuters report says. Head of the State Duma’s Committee on the Financial Markets Anatoly Aksakov says the authorities are still in talks on whether to regulate or ban cryptocurrencies completely.This is coming at a time when cryptocurrency are seeing rising popularity […]
Polygon, a protocol for building and connecting Ethereum-compatible blockchain networks, has launched a Layer 2 token swap and decentralized exchange (DEX) aggregator. The Polygon team revealed this development in an announcement on December 15. Henceforth, users of the protocol wallet can swap tokens instantly as the team added the function to the wallet. Powered by […]
CoinMarketCap, the ranking site that lists all popular coins, had quite the glitch overnight when it showed Bitcoin as the second largest crypto at around a value of $852 billion and Ethereum around 48 billion. Ether trading above Bitcoin because there are more coins in circulation. The ranking site apologized for the glitch in a […]
