Skip to main content

Posts

Showing posts from January 5, 2022

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment
Read more

Why Kevin O'Leary thinks NFTs could become bigger than Bitcoin

Despite betting that NFTs will surpass Bitcoin, Kevin O'Leary said he will hedge his bets and invest on “both sides” of the equation. Millionaire investor and crypto proponent Kevin O'Leary thinks that the NFT sector could be worth more than Bitcoin in the future. Speaking with CNBC’s Capital Connection on Jan. 5, O'Leary — also known as Mr. Wonderful — argued that NFTs provide a greater potential to attract capital than Bitcoin due to their ability to tokenize and authenticate physical assets such as cars, watches and real estate: “You’re going to see a lot of movement in terms of doing authentication and insurance policies and real estate transfer taxes all online over the next few years, making NFTs a much bigger, more fluid market potentially than just Bitcoin alone.” Mr. Wonderful admitted however, that he is not tied to that bet and will still be investing on “both sides of that equation.” The former crypto skeptic told Cointelegraph in a recent interview tha...
Post a Comment
Read more

Ethereum dominates among developers but competitors growing faster

The total monthly active developers measured hit a record high of more than 18,000 but Ethereum retains the largest number of them. The Ethereum ecosystem still has far more developers than rival networks, but they are catching up with a faster rate of growth. Ethereum competitors such as Polkadot, Solana, and Binance Smart Chain are growing faster in terms of development activity according to crypto research firm Electric Capital which released its findings on the blockchain development ecosystem in a new report on Jan. 6. It revealed that more than 4,000 monthly active open-source developers work on Ethereum — considerably more than the 680 who work on the Bitcoin network. Across all chains, the total monthly active developers measured was more than 18,400 and the record was broken for the number of code commits by new developers in 2021 with more than 34,000. The measurements were gleaned by analyzing around 500,000 code repositories and 160 million code commits, which are cha...
Post a Comment
Read more

Dacxi Announces Global Tokenized Crowdfunding Solution – the Dacxi Chain

PRESS RELEASE. Dacxi has announced the Dacxi Chain – the world ’ s first tokenized crowdfunding system that demonstrates the revolutionary commercial potential of blockchain. Tokenization of digital assets will change how the world does business – in particular how new ventures are funded. Introducing the world’s first tokenized crowdfunding system – the unique trillion use-case of the Dacxi Chain – the latest crypto-based wealth building innovation from Dacxi Coin. A share of a $24 trillion market IBM estimates that the digital assets market will be worth $24 trillion USD by 2027. Of that amount they estimate $1 trillion will be ‘unlisted equities.’ In other words that is the expected value of the tokenized venture capital market. That shows the immense potential of the Dacxi Chain and its ecosystem, powered by the Dacxi Coin. Dacxi Coin powers the Dacxi Chain The Dacxi Coin is the native currency to the Dacxi Chain, allowing investments to be transported globally, instant...
Post a Comment
Read more

Bitcoin Dips Below $44K, Crypto Economy Drops 4.5%, Traders Rush to Stablecoins

The price of bitcoin dropped below the $44K zone on Wednesday to $43,678 per unit as the entire crypto-economy has shed billions in value. At the time of writing, the overall crypto economy is down 4.5% as it dipped to $2.25 trillion in value. Bitcoin and Crypto Economy Sheds Billions, Crypto Fear & Greed Index Indicates ‘Extreme Fear’ Is in the Air Bitcoin (BTC) slid in value today, roughly 5.4%% during the last 24 hours. Just after 3:00 p.m. (EST) prices dipped from $46K to $43,678 per unit. BTC ’s price is just below the $44K price range against the U.S. dollar. The entire crypto-economy of more than 12,000 crypto assets is down 4.5% and around $2.25 trillion in value. Leading assets like ethereum (ETH) dipped 5.9% and solana (SOL) shed 7.8%. At the time of writing BTC has $25.9 billion in global trade volume and tether (USDT) commands $53 billion in global swaps. The biggest loser in the top-ten crypto markets was terra (LUNA) as it shed 9.2%. Crypto assets tha...
Post a Comment
Read more

Year of sponsorships: Celebrities who embraced crypto in 2021

From Matt Damon appearing in a TV spot for Crypto.com to Kim Kardashian shilling EthereumMax, 2021 saw celebrities with higher profiles getting into crypto. Though the crypto space has seemingly moved beyond the endorsements many minor celebrities bestowed on token projects during the 2018 initial coin offering boom, its growing popularity and acceptance now has professional sports players, Hollywood elites and politicians backing major companies dealing with digital assets. In June 2021, Kim Kardashian promoted EthereumMax (EMAX) via an Instagram story shared with  her more than 200 million followers . The token, which was used as payment for online ticket purchases for some pay-per-view events, gained 116,000% in just one week following the celebrity’s activity before falling more than 99% and leaving many investors in the red. Kim Kardashian promoting EthereumMax on Instagram Stories, June 2021. Source: Instagram Though EthereumMax is somewhat of a cautionary tale for cry...
Post a Comment
Read more

Defi Lending Startup Aave Launches Permissioned Platform to Entice Financial Institutions

On January 5, the open-source non-custodial decentralized finance (defi) lending platform Aave launched a permissioned version of the protocol aimed at institutions. The platform dubbed Aave Arc will leverage Fireblocks as the first whitelister as the platform aims to help bridge traditional financial institutions with defi. KYC-Centric Defi Liquidity: Aave Launches Aave Arc Permissioned Protocol for Financial Institutions Aave has launched a permissioned platform called Aave Arc on Wednesday, a new protocol dedicated to financial institutions that want to particpitate in defi in a compliant manner. Aave is a popular defi lending platform and the defi protocol has the third-largest total-value locked (TVL) today. Metrics show that Aave has a $14.52 billion TVL spread across three blockchains including Ethereum, Avalanche, and Polygon. The crypto custody firm Fireblocks has approved 30 financial entities to join Aave Arc. The list includes firms like Ribbit Capital, Coinshares, Hi...
Post a Comment
Read more

3 key metrics show DeFi's TVL on the verge of a new ATH

The $4 billion gap between the current decentralized finance TVL and an ATH could be closed using recent implementations from AAVE, Curve and Spell Token. As 2022 gets underway, the decentralized finance (DeFi) sector of the cryptocurrency ecosystem appears to be gaining momentum in what could be an echo of the bullish market seen in seen in early 2021.  Data from crypto market intelligence firm Messari shows that over the past 30 days, five out of the top 10 DeFi protocols have seen their tokens post double-digit gains. This is in spite of the struggles that Bitcoin has faced, a dynamic that usually places bearish pressure on the wider crypto market. Top 10 DeFi assets. Source: Messari A deeper dive into the data shows that Aave ( AAVE ), Curve (CRV) and Spell Token (SPELL) have outperformed a majority of the field but what's behind these bullish outbreaks? In the case of AAVE, the Dec. 28 introduction of real-world assets (RAW) to the protocol represented the next advance...
Post a Comment
Read more

President Biden is considering economists to fill Fed seats as leadership nominations move to Senate: Report

The U.S. president has not officially announced his nominations to fill the vacancies at the Federal Reserve, but two of his picks for CFTC commissioners as well as his choices to lead the Fed are moving to the Senate for confirmation. The White House is reportedly considering an Obama-era economic adviser and former Fed economist to fill the empty seats on the board of governors of the Federal Reserve System in 2022.  According to a Wednesday report from the Washington Post citing people familiar with the matter, U.S. President Joe Biden is still considering Duke University law professor Sarah Bloom Raskin to take one of the vacancies in the group of seven governors serving at the Federal Reserve this year, in addition to economists Lisa Cook and Philip Jefferson. Cook teaches at Michigan State University and has previously worked as a member of the White House’s Council of Economic Advisers under President Barack Obama, while Jefferson was a research economist for the Federal...
Post a Comment
Read more

Airbnb Explores Crypto Payments — CEO Sees ‘a Revolution Happening in Crypto’

Popular travel website Airbnb could soon accept cryptocurrencies for payments, CEO Brian Chesky has hinted. “Like the revolution in travel, there is clearly a revolution happening in crypto,” he added. Airbnb’s CEO Says ‘There Is Clearly a Revolution Happening in Crypto’ The CEO of Airbnb, Brian Chesky, asked on Twitter earlier this week, “If Airbnb could launch anything in 2022, what would it be?” On Tuesday, he revealed that he received 4,000 suggestions, noting that the most popular one is for his company to accept crypto payments. He added, “Our existing payments volume = $336 billion processed since 2013,” noting: Crypto payments is inclusive of a variety of token ideas. Other top suggestions include clear pricing displays, a guest loyalty program, updated cleaning fees, more long-term stays and discounts, better customer service, and “commercial spaces (kitchens, co-working).” While specifically confirming that Airbnb is looking into commercial spaces, the CEO noted: A...
Post a Comment
Read more

Price analysis 1/5: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE

Technical analysis and on-chain data hint that Bitcoin is gearing up for a volatile move and traders expect altcoins to follow. Bitcoin ( BTC ) and most major altcoins are stuck in a tight range with bulls buying near the support and bears selling at resistance levels. Usually, such tight ranges are followed by an expansion in volatility. Although a few analysts have not ruled out a quick drop to low $40,000s , most traders expect Bitcoin to rebound sharply and move up to $60,000. Goldman Sachs said in a note to investors that if Bitcoin continues to increase its market share over gold as a store of value and crosses the 50% mark, then it could rally to $100,000 over the next five years . Daily cryptocurrency market performance. Source: Coin360 On-chain analytics provider Glassnode said in its report on Jan. 3 that Bitcoin’s illiquid supply has increased to more than 76% of the total circulating supply. According to Glassnode researchers, the drop in liquid supply suggests th...
Post a Comment
Read more