On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes […]
At the close of 2021, Collins Dictionary named “NFT” the word of the year.
The post Footprint Analytics: Will NFTs disrupt the music industry next? appeared first on CryptoSlate.
2021 was an extremely successful year for cryptocurrencies. The adaptation of blockchain into everyday life continued to advance. Globally known companies have also dared to venture into the world of cryptocurrencies. From stepping into the exciting world of the Metaverse, to simply investing in an alternative currency, those companies knew how to invest “smart”. Let’s take a look at 4 big traditional companies that have enriched the crypto market over the past year and embraced blockchain tech. Will they also become known as the OG crypto companies?
Early in 2021, Elon Musk, the founder of Tesla, made a powerful statement on Twitter. He invested a whopping 1.5 billion US dollars in Bitcoin with Tesla. After this news, there was a massive increase in the Bitcoin price.
Before that, it had long been speculated that Musk was a big fan of cryptocurrencies and that his company could possibly invest in various coins. Musk later stated that he had also invested large sums in the ether and the Dogecoin.
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Nike has jumped on the hype bandwagon called Metaverse in the past few months. The metaverse in the crypto sector took off especially when Facebook re-branded “Meta”. Then acquired the sporting goods manufacturer the RTFKT fire that caused virtual sneakers within the metaverse stir.
Further activities within the Metaverse are planned for the future. In the future, new sneaker collections should always be exhibited in the virtual space.
The big competitor from Germany, Adidas, did not splash around and entered the world of the Metaverse and thus the world of cryptocurrencies as a company. Adidas entered into a collaboration with prominent NFT projects such as Bored Ape Yacht Club, Gmoney, and Punks Comic.
Coca-Cola is also one of the companies that entered the cryptocurrency world in 2021. The company announced a special NFT program to raise money for the Paralympics. The auction took place via OpenSea from July 30th to August 1st of last year.
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The post These 4 Famous Companies entered the Crypto World in 2021…Who will we See in 2022? appeared first on CryptoTicker.
Pakistan’s Federal Investigation Agency has reportedly issued a formal notice to Binance after receiving multiple reports concerning a crypto scam that misled the investors into sending funds from their Binance wallets to unknown third-party wallets. Pakistan to investigate crypto exchange Binance As per a local media report, the Pakistani agency identified approximately 11 fraudulent mobile […]
The post Pakistan to investigate crypto exchange Binance in an alleged $100 million scam appeared first on CryptoSlate.
As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in.
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The post LBank Weekly Listing Report, 10th January 2022 appeared first on CoinRegWatch.
Volatility comes right on cue as the loss of $40,000 sparks a tussle with swings of $1,000 up and down.
Bitcoin (BTC) fell below the landmark $40,000 mark for the first time since September 2021 on Jan. 10, heightening a rout that began six weeks ago.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering predictable volatility as bears finally steered the market back into the $30,000 zone.
The move had been long preempted, with forecasts even calling for an identical floor to that of July — just below $30,000.
“And we’re dipping into the $40K region for Bitcoin, through which the fear will only accelerate even more,” Cointelegraph contributor Michaël van de Poppe reacted.
For trader and analyst Rekt Capital, the first point of support lay in the lower of the two Bollinger Bands for BTC/USD, with spot price now “very close.”
Getting very close now$BTC #Crypto #Bitcoin pic.twitter.com/1uCyCN57T9
— Rekt Capital (@rektcapital) January 10, 2022
Fellow trader and analyst Scott Melker meanwhile highlighted the appearance of increasing bullish divergences due to those who have longed BTC at $39,800.
“People are considering selling off partially at this stage, as they expect markets to drop further,” Van de Poppe added in further comments.
“Next to that, most of the people are assuming we’re only going down, as a bear thesis is currently the primary scenario.”
At the time of writing, Bitcoin was back above $40,000 as the market attempted to find local support.
Looking at exchanges, data from on-chain analytics resource Coinglass showed liquidations hitting $120 million in a single hour across crypto pairs.
Related: Bitcoin batters longs as liquidations copy May 2021 run to $30,000
Bitcoin accounted for around one third of the tally, with total BTC liquidations in the past 24 hours nearing $90 million.
Altcoins meanwhile joined in the modest panic, with Ether (ETH) dropping below $3,000 for the first time since early October.
Others in the top ten cryptocurrencies by market cap shed upwards of 5% on the day, as the bearish atmosphere spread.
The post Bitcoin drops below $40K for first time in 3 months as fear set to ‘accelerate’ appeared first on CoinRegWatch.
