Crypto news
Internet Computer founder’s $250M plan to help end the war in Ukraine
Internet Computer (ICP) and DFINITY founder Dominic Williams has conjured up an oddball plan to speed up the end of the Russian invasion of Ukraine via smart contracts and $250 million worth of crypto rewards. DFINITY’s Internet Computer was launched in May 2021 and is a public blockchain and protocol that’s trying to decentralize the internet. Williams’ March 16 proposal is focused on countering propaganda, and informing the Russian population — who he suggests are in general “completely ignorant” — on the reality of what is actually taking place in Ukraine, which will then, in turn, spur them on to pressure the government to stop the conflict. “We should not hold out too much hope that sanctions alone will turn the Russian population against their leaders, for the simple reason tha...
Meta CEO Mark Zuckerberg confirms Instagram users could soon mint NFTs
Mark Zuckerberg says Instagram will bring functionality such as minting Avatar clothes into NFTs The social will support natively minted NFTs and imported ones CEO and co-founder of Meta (formerly Facebook) Mark Zuckerberg has confirmed a long-running rumour that the mammoth tech firm is looking to explore initiatives around NFTs. Zuckerberg was speaking at the ongoing South by Southwest (SXSW) conference in Austin, Texas, during which he confirmed that the digital collectables would be coming to Instagram. The internet entrepreneur did not provide any specific date by which he expects the collectables to launch on the media-sharing app. He, however, indicated that it should be within the coming months. The new feature will likely allow Instagram users to display NFTs they currently own an...
Waves (WAVES) leading altcoins in 24-hr gains: Here are other top gainers
Bitcoin and co. shot up early on Wednesday before the majority retraced to their support zones Fantom, Elrond and Waves are among the top gainers The majority of crypto assets saw a sharp price upswing in the early hours of Wednesday. Bitcoin climbed above $40,000, going as high as $41,465 before the gains were wiped away less than an hour later. The pioneer cryptocurrency has since backtracked to $39,720 where it is currently hovering. FTM, EGLD, WAVES are the standout alts Despite the uncertainty in the markets, a handful of altcoins have defied the general trend and maintained an uptrend. Waves’ native coin WAVES is, as of this writing, one of the best performing crypto-assets. The crypto token embarked on an ascent late Tuesday and has sustained the upward momentum on Wednesday. ...
Mutant Ape Yacht Club crosses $1BN in all-time sales volume
Only four NFT collections have recorded more sales volume than Mutant Ape Yacht Club Mutant Ape Yacht Club has the fourth-highest number of buyers and sellers among the top ten NFT collections by sales volume Mutant Ape Yacht Club is the latest NFT collection to rake up more than $1 billion in sales volume. The collection, born from the Bored Ape Yacht Club last August, joins a list of four others that previously eclipsed the mark. Online game universe Axie Infinity tops the all-time sales volume list with $4.033 billion, CryptoSlam data shows. Backed by its vast gaming community, the collection has the highest number of owners – 2.72 million. AxieInfinity’s sale volume is almost double second-place (previously LarvaLab’s) Ethereum-based CryptoPunks which has collected $2.118 b...
Price analysis 3/16: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE
Bitcoin (BTC) is witnessing a see-saw battle near $40,000 with both the bulls and the bears trying to gain the upper hand. The volatility could remain high as the markets await the United States Federal Reserve’s policy decision due on March 16. Analyst Willy Woo suggests that Bitcoin could witness a capitulation event based on a cost basis, a metric that indicates the transfer of Bitcoin from inexperienced to experienced traders. Such sharp declines usually suggest the formation of market bottoms. Daily cryptocurrency market performance. Source: Coin360 However, Glassnode believes that a capitulation has been avoided because the sell-offs have been absorbed by a relatively strong market. Although 82% of the short-term holders’ coins are in loss, Glassnode considers this to be a late...
Coinbase enables users to fund wallets from Chrome browser extension
On Wednesday, Coinbase launched a new feature, dubbed “Coinbase Pay,” that enables its clients to fund their Coinbase Wallets directly from a Chrome browser extension. According to its staff, Coinbase Pay intends to make it intuitive for anyone to participate in decentralized finance, or DeFi, swap tokens on decentralized exchanges, or DEXs, and purchase nonfungible tokens, or NFTs, in just a few clicks. Specifically, they wrote: “Before Coinbase Pay, users who wanted to add funds to their Coinbase Wallet from the browser extension needed to navigate to Coinbase.com, sign in to their account, copy-paste their wallet address, and manually transfer funds from their Coinbase account. The process was not only cumbersome, but also left the user vulnerable to user error.”...
Ukraine’s president signs law establishing regulatory framework for crypto
Volodymyr Zelenskyy, the president of Ukraine currently based in Kyiv, has signed a law establishing a legal framework for the country to operate a regulated crypto market. In a Wednesday announcement, Ukraine’s Ministry of Digital Transformation said Zelenskyy signed a bill named “On Virtual Assets,” first adopted by the country’s legislature, the Verkhovna Rada, in February. Crypto exchanges and firms handling digital assets will be required to register with the government to operate legally in Ukraine, and banks will be allowed to open accounts for crypto firms. The law endows Ukraine’s National Securities and Stock Market Commission with the power to determine the country’s policies on digital assets, issue licenses to businesses dealing with crypto and act as a financial watchdo...
Bitcoin bulls to defend $40K leading into Friday’s $760M options expiry
Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support. Even though that might sound positive, Bitcoin’s performance year-to-date remains a lackluster negative 14%. On the other hand, the Bloomberg Commodity Index (BCOM) gained 2% in the same period. Bitcoin/USD 1-day candle chart. Source: TradingView The broader commodity index benefited from price increases in crude oil, natural gas, gold, corn, and lean hogs. Worsening macroeconomic conditions pressured the supply curve, which, in turn, shifted the equilibrium price toward a higher level. Moreover, the United States approved a $1.5 trillion spending bill on March 15 that funds the government through September. President Joe Biden’s signing of the legislation...
Hong Kong-based Hex Trust concludes an $88M Series B funding round
Hex Trust intends to expand into Europe and the Middle East It will also invest in its proprietary crypto platform Hex SafeTM Asia-based institutional crypto custodian Hex Trust has completed an $88 million Series B funding round led by Animoca Brands and Liberty City Ventures at a $300 million valuation. Of the raised capital, $61 million constituted primary capital, while $27 million was from secondary investors. Several other investments firms, including Sino Global Capital, Terra, CoinList, Protocol Labs, Morgan Creek, Primavera Venture Partners, Ripple, BlockFi, LeadBlock Partners, and Eterna Capital also participated in this round. According to CEO and co-founder of Hex Trust, Alessio Quaglini, investors’ interest in this raise surpassed the initially anticipated numbers. The C...
Multinational investment bank HSBC acquires LAND on The Sandbox
The bank sees great potential in creating new experiences through immersive tech such as virtual reality HSBC will use its metaverse initiative to interact with sports, e-sports, and gaming communities Multinational banking and asset management firm HSBC has officially joined the metaverse, according to a blog post published by The Sandbox today. Following the partnership, the British financial services company has purchased a plot on The Sandbox metaverse, on which it intends to establish its virtual world. It hopes to use the ecosystem to provide an engagement platform for finance professionals, gaming communities, sports, and e-sports enthusiasts. “The ground-breaking partnership between The Sandbox and HSBC will see the global financial services provider acquire a plot of LAND, v...
The best banking tokens you can buy on March 16, 2022 are NEXO, XDC, KAVA and POLY and this is why!
NEXO, XDC, KAVA, and POLY are all banking tokens within crypto. Each token has potential for growth. Each token has showcased signs of growth. NEXO (NEXO), XDC Network (XDC), Kava (KAVA), and Polymath (POLY) are all baking tokens within the crypto sphere, and each of them has showcased the potential for growth. We will be going over each token individually to truly see how far their value can grow by the end of March 2022. Should you buy NEXO (NEXO)? On March 16, 2022, NEXO (NEXO) had a value of $2.16. The all-time high value of NEXO (NEXO) was on May 12, 2021, when the token reached a value of $4.07. When we go over February, NEXO (NEXO) had its highest point of value on February 10, at $2.31. Its lowest point was on February 24, when the token decreased to $1.62. This indicates tha...
Bitcoin calls traders‘ bluff with fresh $40K fakeout as Fed decision day arrives
Bitcoin (BTC) tested traders‘ neves yet again on March 16 as a fresh spike over $40,000 ended in minutes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Shorts feel the burn after abrupt trip to $41,700 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly surging to highs of $41,700 on Bitstamp before instantly reversing. Two hourly candles were all it took for the entire market to rise by $2,000, break significant resistance levels and come all the way back down again. The move, while recently commonplace, was not without its casualties, as evidenced by liquidations across exchanges. According to data from on-chain monitoring resource Coinglass, Bitcoin accounted for $98 million of these over the 24 hours at the time of writing. Total crypto liquid...
