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Showing posts from January 13, 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...
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Shiba Inu (SHIB) fetches 30% gain on Robinhood listing rumor and bullish chart pattern

SHIB’s 30% gain initiates a bullish reversal pattern and rumors of a major exchange listing and other developments have investors playing catch with the canine-themed meme coin. Shiba Inu ( SHIB ) seems to be preparing for a bullish breakout as a falling wedge pattern begins to form. The price of SHIB  has been trending lower inside an area defined by two contracting trendlines while accompanying a decline in trading volume. That shows that investors have been less concerned about the downtrend.   As a result, falling wedges typically provide an ideal springboard for an upside break once the price closes above the structure's upper trendline. On Thursday, SHIB showed signs of following a similar topside break. SHIB/USDT daily price chart featuring a falling wedge. Source: Fiery Trading  Notably, the token briefly closed above the falling wedge's upper trendline, hitting an intraday high of $0.00003290. The upside move raised anticipation that SHIB would cont...
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Gensokishi Online Partners With Crypto Exchange Bybit for Launchpool and Listing

PRESS RELEASE. Taipei: Metaverse (MV), a token of the GensoKishi Online Project , has partnered with Bybit, a leading crypto exchange that provides Crypto currency-related services globally, and announced its listing. Bybit is one of the world’s largest cryptocurrency exchanges, trusted by traders around the world. Metaverse (MV) to be on launch pool and listing on Bybit As a result of this partnership, Metaverse (MV) will be launched and listed on Bybit. Launch pool starts: January 19: Bybit Listing on Bybit: January 27 Launch Pool is a service that allows you to be the first to acquire new crypto currency to be listed on the market. It is a project where you can deposit your tokens and receive token dividends for free. To participate in the project, you need to open an account at Bybit and complete the KYC level 1. Detailed rules for participation will be announced on Bybit’s blog in near future. Various schedule adjustments There will be some schedule changes due to thi...
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Small cap altcoins flash bullish signals even as Bitcoin revisits $42.5K

CREAM, ETN and RGT flashed green even as BTC price saw a sharp rejection at $44,000 that sent its price back into the $42,000 range. The cryptocurrency market faced another day of erratic price movements on Jan. 13 after Bitcoin ( BTC ) bulls were soundly rejected in their bid to push the price above $44,000. This led to an abrupt sell-off that has thrust the price back into the high $42,000 range.  Despite the mid-day struggle faced by Bitcoin and many of the other large market-cap cryptocurrencies, several small-cap altcoins managed to eke out notable gains. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the three biggest gainers over the past 24-hours were Cream Finance (CREAM), Electroneum (ETN) and Rari Governance Token (RGT). CREAM token holders qualify for the Iron Bank token Cream Finance, a DeFi lending protocol, led the altcoin market with a gain of more than ...
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Russia’s National Finance Association Calls for Legalization of Crypto Investments

The main finance industry association of Russia has urged authorities to reconsider a position against crypto investments in the nation’s financial market strategy. The organization insists that the crypto investments of Russians should be brought out of the “gray zone” instead of being banned. Finance Industry Body Urges Government to Regulate Operations With Crypto Assets The Russian National Financial Association (NFA) has issued a call to amend the country’s Strategy for Development of the Financial Market of the Russian Federation Until 2030 in the part concerning investments in cryptocurrencies, RIA Novosti and Prime reported, quoting the proposal. The NFA unites over 200 entities active in Russia’s financial market. The strategy now states that the Russian government and Bank of Russia will continue to oppose the use of “monetary surrogates,” a term often employed to describe decentralized digital currencies such as bitcoin. They carry high risks for citizens, according to ...
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Gemini acquires BITRIA to push crypto into the wealth management industry

Gemini’s future plans involve giving financial advisors access to crypto for their high profile investors. Crypto exchange Gemini announced Thursday that it had  agreed to purchase Bitria, a San Fransisco-based start-up that provides traditional portfolio management tools for use in crypto investments. The goal of Bitria is to provide a platform for traditional asset managers and financial advisors to use in helping their clients invest in cryptocurrencies.  Gemini said that it seeks to integrate Bitria’s Separately Managed Accounts and its Digital Turnkey Asset Management platform into its own exchange capabilities. The integration is intended to give advisors access to more than 70 different cryptocurrencies through Gemini’s exchange as well as giving them access to their client’s portfolios all through a single interface. Other features include portfolio rebalancing, tax-loss harvesting, data connectivity and fee collection. Similar to Coinbase’s acquisition of Fa...
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Fed's Lael Brainard invites Congress to choose whether to compete with China's digital yuan

“We want to make sure that we do the requisite research on policy and technology so we're in a position to move forward if Congress decides it's important to be able to compete with China in this regard," said Lael Brainard. At her confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve board of governors member Lael Brainard said Congress would ultimately have to decide to move forward with a central bank digital currency, or CBDC. Addressing pro-crypto Senator Cynthia Lummis at the Dirksen Senate Office Building on Thursday, Brainard said the Fed would welcome Congress “taking a very important role” in updating the regulatory framework for cryptocurrencies and digital assets. When questioned as to the possible use of CBDCs to surveil users' financial activities — as Lummis alleged happens in China — Brainard again deferred the decision to lawmakers. "This question about digital currency — it's a big question — we really...
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Ascending channel pattern sets Polygon (MATIC) up for a potential 30% rally

A bullish technical analysis pattern and the potential approval of the EIP-1559 proposal could back MATIC’s attempt to rally to a new all-time high. Polygon prices look poised to rise by at least 30% in the wake of a key Jan. 18 upgrade that would push a considerable portion of its native MATIC  token out of circulation. Dubbed EIP-1559, the improvement proposal originally came to light as part of Ethereum's so-called London Hard Fork upgrade on Aug. 5. The proposal effectively started destroying, or "burning," a part of the fees paid to miners via Ether ( ETH ). Traders and investors raised their bids for Ether before and after the EIP-1559 upgrade, noting that it made Ether a deflationary asset for the first time in history. For example, a  model created by Ethereum co-founder Justin Drake claimed that EIP-1559 would reduce Ether's annual supply by 1.6 million ETH. MATIC looks for new record highs Polygon, which acts as a layer-2 protocol built to scale Ethe...
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US Inflation Rate Jumps Highest in 40 Years to 7%, Democrats Concerned Inflation Will Haunt the Party

One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in December. This represents the largest annual jump since 1982. Federal Reserve governor Lael Brainard is set to tell congressional leaders today that the central bank is focused on battling inflation. Moreover, members of the Democratic party are concerned that the rising inflation may cost the Biden administration politically. CPI Rate Jumps to 7%, Wholesale Prices Spike 9.7% On January 11, 2022, the U.S. Labor Department published CPI data for the month of December and the metrics indicate that the U.S. inflation rate jumped 7% year-over-year (YoY) and last month was the third consecutive month over 6%. The rise is the highest jump the CPI has seen since June 1982 as inflation is making the cost of goods and services spike exponentially. Basically, the CPI is a measure of a basket of c...
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