Skip to main content

Posts

Showing posts from January 24, 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

$75M Blockchain Founders Fund II backs portfolio of P2E and Web3 projects

Even as crypto markets succumb to bearish pressure, venture capital funds are deploying millions of dollars into blockchain startups. Singapore-based Blockchain Founders Fund has launched a new venture capital fund to support emerging projects in the cryptocurrency, metaverse and Web3 sectors, offering further evidence that investors are still keen to back major growth trends in the digital asset market.  Blockchain Founders Fund II, also known as BFF II, has raised $75 million from various investors across the blockchain and crypto industry, including NEO Global Capital, Appworks, Baksh Capital, Octava and The Sandbox chief operating officer Sebastien Borget. BFF II has already deployed capital across 11 projects, including a layer-two derivatives exchange, several play-to-earn games and a DeFi protocol. BFF II is focused primarily on crypto, blockchain, Web3 and metaverse projects. The fund is also prepared to offer an additional $5 million to successful startups that make it...
Post a Comment
Read more

Top Meme Coins by Market Capitalization Shed Billions, DOGE Down 80% Since All-Time High

As digital asset markets have shed significant value during the last two weeks, the top meme coins by market capitalization have dropped considerably against the U.S. dollar. The top meme asset dogecoin has lost 23.9% over the last seven days, while shiba inu’s value was reduced by 31.1% this week. Dogecoin Down 80% Since All-Time High, Shiba Inu Down 75% Since High On Monday, January 24, 2022, the top meme coins by market capitalization have lost 3.1% over the last day. Currently, the myriad of meme tokens today account for $36 billion of the $1.7 trillion crypto economy. Dogecoin (DOGE) has lost 23.9% this past week, and roughly 27.6% over the last month. To date, dogecoin is still up 1,486% against the U.S. dollar since this time last year. Dogecoin’s market valuation of around $17.8 billion, is 1.05% of the crypto economy’s overall capitalization. The crypto asset’s 24-hour price range has been between $0.143480 to $0.126030 per DOGE. The second-largest crypto-asset shiba inu ...
Post a Comment
Read more

Strategies for trading cryptocurrency during a correction, explained

What do market corrections mean for crypto traders? And how can trading bots be used to an investor’s advantage? How to apply automated trading in times of correction? Investors looking to leverage automated trading must first select a platform, determine their strategy and begin implementation. With the rising of automated trading platforms, users now have a greater selection than ever before, each of which is designed to simplify the process for new and experienced investors alike. TradeSanta is a cryptocurrency trading bot used across the cryptocurrency industry, allowing users to take advantage of automated trading strategies. The trades are executed per market movements based on pre-programmed instructions with access to DCA and grid strategies, in addition to more advanced features, including stop loss and trailing stop. With this combination, investors can manage risks in the event of both market reversals and corrections. More recently, TradeSanta released a Trailing Ta...
Post a Comment
Read more

Price analysis 1/24: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

Bitcoin and most altcoins have fallen to key support levels, but the current trading setup suggests traders lack the confidence to chase after an oversold bounce. Bitcoin ( BTC ) and most major altcoins are struggling to find a bottom, indicating that traders are dumping their positions out of fear. The big question on everyone’s mind is whether the selling is over or could the decline continue? UTXO Management senior analyst Dylan LeClair highlighted that the network cost basis, the average price at which Bitcoin was last moved by various investors, is $24,000 and historically, the ratio of cost basis to price  has bottomed out below 1.0. If history were to repeat itself, Bitcoin may have to fall some more to make it an attractive buy according to the metric. Daily cryptocurrency market performance. Source: Coin360 Long-term investors don’t seem to be perturbed by the recent correction in Bitcoin. Glassnode data suggests that investors continue to withdraw their coins to ...
Post a Comment
Read more

Bitcoin, Ethereum Technical Analysis: BTC Falls to 5-Month Low

The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing. Bitcoin Bitcoin (BTC) , which has been the main focus of the recent decline in crypto prices, was trading 3% lower on Monday (at the time of writing), and almost 20% down from its position at the same time last week. As of writing, BTC /USD hit an intraday low of $33,184.06 during today’s session, which is its lowest level since July 23rd last year. Today’s move comes as prices broke below the recent support level of $40,135 last Thursday and extended throughout the weekend. Looking at the chart below, BTC appears to have found a new floor, reaching $34,200 on a daily chart. Although prices have moved beyond this interim support, some bulls argue that this could be a false breakout, pointing ...
Post a Comment
Read more

Law Decoded: When central banks seek public discussion, Jan. 17–24

As the Federal reserve releases its position paper on CBDCs, the Russian Central Bank instigates yet another crypto ban scare. Last week, two central banks dropped public reports that can have a sizable impact on the crypto landscape in their respective countries and beyond. The U.S. Federal Reserve published a discussion paper entitled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” which summarizes years of the Fed’s research on CBDCs. Meanwhile, the Central Bank of Russia released a report that called for a blanket ban on domestic cryptocurrency operations and mining. Both documents are framed as an invitation for public discussion, but the kinds of discussions that they will trigger are likely to be very different. Below is the concise version of the latest “Law Decoded” newsletter. For the full breakdown of policy developments over the last week, register for the full newsletter below. The Fed: Not advancing particular policy The authors of the Fed...
Post a Comment
Read more