Crypto news
Shiba Inu announces ‘Shiba Lands’ – a virtual real estate in its Metaverse
The lands will be available for auction or purchase according to the announcement post The bidding for land will follow a queue system, with LEASH token holders getting priority The popular meme coin ecosystem Shiba Inu has announced another massive step in the Metaverse direction. The team behind the cryptocurrency has revealed it is working on a virtual real estate project that will allow users to claim ‘lands’ in the Shiba Inu metaverse. The project is part of the developments being carried out in the Shiba Inu Metaverse launched at the end of last month. “We are happy to announce and proudly introduce Shiba Lands! These “lands” found inside our Metaverse will be available for purchase/auction really soon, and it will be our first step towards allowing the ...
Here’s why FSInsight foresees BTC and ETH racing past 200k and 12k, respectively
A report by FSInsight predicts Bitcoin should end the year in the $138k to 222k range The report also indicated that Ethereum could reach $12k as it’s remarkably undervalued Market data outlook firm FSInsight has predicted that Bitcoin could reach $222,000 and Ethereum grow as much as $12,000 in the second half of the year. In a recent report, Digital Assets in A Post-Cycle World, the firm said that a number of factors could work in favour of the coins pushing them to reach the projected price. Several Bitcoin metrics are bullish FSInsight explained that Bitcoin is showing better market efficiency and has not exhibited rapid and unsustainable price appreciation as in previous cycles, which could be attributed to its shift from a payment method to a store of value. Further, the report...
Tether daily active addresses down to a two-year low: Santiment
Tether whales account for almost 80% of the current USDT supply, as per data from Santiment Bitcoin mega whales have accumulated a significant chunk of the cryptocurrency since the last week of December Data from market behaviour analysis platform Santiment paints a picture of whale domination in the Tether and USD Coin stablecoin markets. It also shows that the number of Tether daily active addresses has crashed to lows last recorded over two years ago. Tether and USD Coin whale dominance Tether, the world’s largest stablecoin, currently has a market capital closing in on $78 billion (roughly 3.8% of the entire cryptocurrency market capital). Only Bitcoin and Ethereum have a higher market circulating value among crypto tokens and other digital assets. Tether addresses with a valuati...
AssangeDAO concludes raise with $53M to help Julian fight for freedom
The Decentralized Autonomous Organization (DAO) supporting Wikileaks founder Julian Assange’s legal plight has concluded its raise, generating a whooping 17,422 Ether (ETH) worth roughly $53.7 million. As previously reported by Cointelegraph, the AssangeDAO intends to use the fund to bid on a one-of-one NFT from a drop called “Censored” by digital artist Pak in collaboration with Assange. The proceeds of the sale will go towards Assange’s defense fund and additional awareness campaigns as he fights extradition to the U.S. this month. Assange has been languishing in a U.K. jail for the past three years, with U.S. prosecutors seeking to try him on espionage charges. Supporters say that Assange is a whistleblower, journalist and publisher. BREAKING: Almost US $55m ($54.2m/ 17,422 ETH) raised ...
What is a Yat and why are people paying $425K for emojis?
Will emojis become the Web3 version of a username? That’s what Nashville-based tech startup Yat believes and with 160,000 sold worth a combined $20 million, it seems plenty of ordinary people agree. A Yat is a string of between one and five emojis that can be used as your digital username, website URL and as a payment address for your digital wallet. It’s sort of a cross between a nonfungible token (NFT) and domain address — though not all Yats are tokenized. “Yat lets you use emojis as your universal username and identity on the internet,” the company wrote in its Discord server. “Imagine being known as fire-snake or robot-ghost-crown instead of coffeequeen98 or jake2456@emailxyz.com. By owning a Yat — let’s say ocean-trident-palm tree — it’s yours forever. You are the ~only~ one on earth...
Russian gov’t and central bank agree to treat Bitcoin as currency
The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement. Russia’s government and central bank are now working on a draft law that will define crypto as an “analogue of currencies” rather than digital financial assets, set to be launched on Feb. 18. Cryptocurrencies would function in the legal industry only if they have complete identification through the banking system or licensed intermediaries. Kommersant notes that Bitcoin (BTC) transactions and possession of cryptocurrency in the Russian Federation are not prohibited; however, they must be done through a “digital currency exchange organizer” (a bank) or a peer-to-peer exchange licensed in the country. The report also highl...
$4K Ethereum by July? ETH price posts fastest recovery to date from 50% drawdown
The price of Ether (ETH) has pulled back to retest $3,000 support levels on Feb. 9 after Ethereum’s native token reached a three-week high. ETH price climbs to three-week high To date, ETH price has recovered by roughly 50% after the ETH/USD trading pair bottomed near $2,150 on Jan. 24. ETH/USD daily price chart. Source: TradingView ETH price jumped on Feb. 7 in part due to KPMG, one of the world’s four accounting giants, announcing that the firm is adding Bitcoin (BTC) and Ether to its Canadian division’s balance sheet. Bitcoin rallied to over $45,500 in the wake of the news, its best level in almost a month. However, the Big Four accounting giant chose not to disclose the degree of its exposure in the Bitcoin and Ether markets. But KPMG did s...
‘China’s crypto ban had little impact on Neo,’ says organization’s developers
Once hailed as the “Ethereum of China,” Neo’s token price has fallen on hard times ever since the world’s most populous nation introduced a series of acute bans on cryptocurrency operations last year. In an exclusive interview with Cointelegraph, Neo’s developers — who wished to remain anonymous — explained that partners run most projects sponsored by Neo Global Development, or NGD, from a wide range of countries outside China t serve users all over the world. In addition, Neo continues to expand inside China. It is currently one of seven open permission blockchains servicing the nation’s Blockchain-based Service Network, or BSN. One of the group’s goals is to expand the adoption of nonfungible tokens (NFTs) in the country. There’s also ...
Japan-based messaging app will offer trial run of native token starting in March
Users of Japanese messaging giant LINE will soon be able to use the app’s native token for payments at select online merchants in a limited trial. In a Tuesday announcement, the LINE Corporation said that starting on March 16, users would have the option of paying with native LINK token (LN) — not to be confused with Chainlink (LINK) — at any of LINE Pay’s online merchants. The trial period, which will run until Dec. 26, is aimed at testing real-life use cases for the tokens in addition to increasing the convenience and number of payment options for users. Source: Mikhail Nilov, Pexels LINE Pay said it was considering adding other cryptocurrencies including Bitcoin (BTC) and Ether (ETH) to its payments options in the future, in addition to strengthening its partnerships with blockchai...
RNDR, NFTX and YGG bounce higher as the market rewards projects focused on utility
Everyone might be a genius during a bull market, but the real stars begin to shine when the waters get choppy. The same can be said for crypto projects and developers and once the pump is over, it’s easier for investors to separate the pump and dump projects from those with good fundamentals. Sometimes a bull market, sometimes a bear market, always a builder’s market. — a a ron (@aaroneth_) February 2, 2022 Now that Bitcoin (BTC) price has found its place back in the $42,000 to $45,000 zone, the mood across the crypto ecosystem has once again flipped bullish and projects that have continued to release new updates are being rewarded with significant jumps in price. Here’s a look at three projects that have continued to develop and draw investors despite the recent market weakness. Ren...
Ethereum price holds above $3K but network data suggests bulls may get trapped
When analyzing Ether’s (ETH) price chart, one could conclude that the 3-month long bearish trend has been broken for a few reasons. The current $3,100 price range represents a 43% recovery in 15 days and, more importantly, the descending channel resistance was ruptured on Feb. 7. Should Ether bulls start celebrating and calling for $4,000 and higher? That largely depends on how retail traders are positioned, along with the Ethereum network’s on-chain metrics. For instance, is the $30-plus transaction fee impacting the use of decentralized applications (dApps), or are there any other factors that will prohibit Ether’s price growth? Ether (ETH) price at FTX, in USD. Source: TradingView Since the 55.6% correction from the $4,870 all-time high to the cycle bottom at $2,...
Valkyrie debuts a green Bitcoin miners ETF on NASDAQ
Valkyrie Investments is today listing its third Bitcoin-related ETF on the New York -based stock exchange The Valkyrie Bitcoin Miners ETF shall invest in firms whose power consumption is primarily denominated in renewable energy Valkyrie, an asset management firm focused on crypto and traditional finance initiatives is today launching a Bitcoin-related ETF. Known as the Valkyrie Bitcoin Miners ETF, the fund be largely fixated on publicly traded mining firms that get at least 50% of their energy from renewable sources. The ETF goes live on the Nasdaq under the WGMI ticker – a contraction of WAGMI (we’re all gonna make it) and is expected to run an expense ratio of 0.75%. The goal is green The ETF shall invest 80% or more of its assets in company securities for projects that derive at ...
