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Showing posts from January 17, 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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Down, but not out: Here’s why Theta could be a breakout star in 2022

THETA price is more than 73% down from its all-time high, but there are still a handful of reasons why traders might consider keeping an eye on the project. 2021 was a rollercoaster ride for many projects in the cryptocurrency market but as is the nature of crypto, many tokens hit new all-time highs and then spent the following months drifting lower as the hype surrounding the project faded and traders moved into greener pastures. This is exactly what happened with Theta, a decentralized broadcasting platform that allows users to earn rewards by contributing their computing resources toward the health of the network.  Theta token kicked off its run on Dec. 11, 2020, when it rose 2,468% from a price of $0.621 to a new record high at $15.90 on April 16, 2021, as Global 500 firms like Google and Sony Europe joined the network’s validator program and Theta Labs was granted its second patent on designs for decentralized blockchain-based video and data delivery. Data from Cointele...
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15 Privacy Coins See Double-Digit Weekly Gains, Monero Jumps 13%, Secret Gains 50%

Despite the fact that regulations have tightened and bureaucrats worldwide are scrutinizing cryptocurrency usage, a few privacy coins have jumped considerably higher in value over the last week. Monero jumped 13% during the last seven days, while the token secret increased 50%, and dusk spiked by 47% this past week. Monero, Secret, Dusk Network Values Spike This week a few privacy-centric crypto assets have seen double-digit percentage gains over the last seven days. According to metrics stemming from coingecko.com’s list of privacy coin market capitalizations , there’s $12.2 billion worth of these types of assets. Monero ( XMR ) has the largest market valuation on January 17, 2022, with $3.9 billion. The past 24-hour range of trading shows that XMR has been exchanging hands for $212.45 to $229.66 per unit. Over the last seven days, monero ( XMR ) has increased 13% against the U.S. dollar. Year-to-date, XMR is up more than 38% since this time last year. Zcash (ZEC) holds the sec...
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Spanish government will implement new rules for crypto ads

The CNMV will require advertisers to report ten days before running ads targeting 100,000 people or more. Spanish financial regulator Comisión Nacional del Mercado de Valores, or CNMV,  announced new regulations for crypto-asset investments advertising. According to the new circular that will take effect on February 17, 2022, crypto ads must be “clear, balanced and fair” while also providing sufficient information on the risks involved when investing in crypto. The new rules also require advertisers targeting 100,000 people or more to inform the regulator 10 days in advance. After the initial report, the remaining ad activities will be supervised by the CNMV, but will not require advanced reporting.  The CNMV also made it clear that influencers are covered by the new advertising regulations. The rules apply to crypto service providers running ads on their own or through third-party ad providers like crypto influencers.  Aside from these rules, the CNMV also requires...
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Price analysis 1/17: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE

Bitcoin and most major altcoins took a turn for the worse after BTC price dipped below $42,000. Bitcoin’s ( BTC ) volatility has been shrinking in the past few days. The standard deviation of daily Bitcoin returns for the last 30 and 60 days as calculated by the Bitcoin Volatility Index is at 2.63%, the least volatile it has been since November 2020 . Generally, tight ranges are followed by strong price expansions. In 2020, the low volatility period in November was followed by a sharp rally in mid-December, which resulted in a supercycle that carried the price all the way to $64,854 on April 14, 2021. Daily cryptocurrency market performance. Source: Coin360 However, there is no certainty that the volatility expansion will happen only to the upside. The price could break out in either direction. Commentator Vince Prince warned that the high leverage ratio of Bitcoin could trigger a big chunk of stop-losses if the $40,000 support breaks down. Could Bitcoin start a new up-move o...
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Bitcoin, Ethereum, Monero Hashrates Tap Lifetime Highs — Dash, ETC, LTC Hashpower Lower Than Prior ATHs

During the first month of 2022, both Bitcoin and Ethereum’s hashrates have climbed to all-time highs (ATHs). While Bitcoin’s hashpower surged to over 200 exahash per second (EH/s), Ethereum’s hashpower jumped to over 1 petahash per second (PH/s). A few mineable digital asset networks, however, saw their hashrates decline since their ATHs and the processing power behind these protocols hasn’t returned back to the highs captured long ago. While Some Hashrates Skyrocket, Processing Power From Other Crypto Networks Remains Lackluster At the time of writing, Bitcoin’s processing power is coasting along above the 200 exahash per second (EH/s) zone, after touching the ATH it captured on January 15. Six-month hashrate statistics indicate that on Sunday, January 16, 2022, BTC ’s hashrate tapped a daily high of 216.50 EH/s. The top three mining pools on Monday, January 17, include F2pool, Foundry USA, and Antpool, respectively. All three pools have more than 15% of the global hashrate or 29...
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