Author: RareHippo Staff Writer
Bitcoin dropped 8.3% to $38,932.49 at 2308 GMT on Friday, losing $3,523.07 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 18.2% from the year’s low of $32,950.72 on Jan. 24. Ether , the coin linked to the Ethereum blockchain network, dropped 7.87 % to $2,611.38 on Friday, losing $223.19 from its previous close.
The International Olympic Committee (IOC) is inviting everyone to join the thrills and spills in Beijing with a mobile game featuring tradeable non-fungible tokens (NFTs) Created by video game developer nWay, “Olympic Games Jam: Beijing 2022” is available on iOS and Android for free. Players compete for Olympic NFT digital pins through ski and snowboard challenges. These crypto tokens can then be traded in the nWayPlay marketplace. The games developer dropped its first Games-themed digital collectibles, called the Olympic Heritage Collection, on June 17. nWay is among subsidiaries of Animoca that have produced “play-to-earn” NFT-based games for Manchester City, MotoGP…
The CEO of Bank of Sharjah, Varouj Nerguizian said that blockchain technology and cryptocurrencies are not only difficult to regulate but are also here to stay. “I personally believe blockchain technology and by extension cryptocurrency is here to stay and impossible to regulate at large,” Nerguizian said during an interview with UAE’s Emirates News Agency, on Thursday. However, Nerguizian believes that enterprise blockchain [private blockchain operated in a closed network] could be an easier initiative between banks as consensus would be limited to known and trusted parties. The CEO also explained how blockchain can potentially be a double-edged sword to financial institutions…
Bitcoin jumped more than 4% to $36,436 on Monday reversing a bearish sell-off that left many investors nervously anticipating a further drop this morning. The jump up is starkly different to the mood earlier this morning where over $100 billion in value was wiped off the crypto market in 24 hours after the coin’s value fell below the $33,000 mark, sparking fears the coin would plunge even further. Bitcoin, ether and the broader crypto market faced another wave of selling Monday, with Bitcoin dropping more than $10,000 between Friday and Monday, reaching as low as $32,184, according to CoinMarketCap’s price index. The…
In its latest letter to investors, Pantera partner Paul Veradittakit says that rival smart contract platforms are eating away the market share of Ethereum, which now accounts for just 63% of the total value locked (TVL) in decentralized finance (DeFi), down from 97% at the start of 2021. Veradittakit says that Solana (SOL), which aims to be a faster and cheaper alternative to Ethereum, is particularly primed to grow in 2022 fueled by the increasing number of projects in its ecosystem. “Solana, which offers unparalleled transaction throughput, saw an incredible 2021, reaching a peak TVL of $15 billion and a…
Bitcoin dropped 5.6% to $34,448.94 at 18:10 GMT on Saturday, losing 1,878.27 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 1.8% from the year’s low of $34,000 on Jan. 22. Ether , the coin linked to the Ethereum blockchain network, dropped 8.4% to $2,352.72 on Saturday, losing $189.64 from its previous close. The sell-off accelerated a two-month slide in the global cryptocurrency market that has vaporized $1.4 trillion in value – After reaching a high of roughly $3 trillion in early November, the total value of digital assets sat just above $1.5 trillion early Saturday…
True Global Ventures 4 Plus Fund has invested $5.7 million and led the Series B round of $17 million into Coinhouse, a French company which has been providing cryptocurrency management and transaction services since 2015. “Its objective is to make Crypto-assets accessible to as many people as possible, and within a regulated framework which guarantees the serenity for investors,” says Nicolas Louvet, Co-founder & CEO of Coinhouse and Coinhouse Custody Services. The company will use the funds to expand in Europe and strengthen its team to support its growth and allow European customers, individuals, businesses, to diversify and grow their…
Bahrain-based cryptocurrency exchange Rain Financial has raised $110 million in a Series B funding round co-led by Paradigm and Kleiner Perkins, according to a press statement released Tuesday. The company will use the capital to pursue licensing in additional countries, enhance its technology platform and expand the team. “We believe Rain is a crucial piece of the puzzle for bringing the Middle East deeper into the new crypto economy,” said Paradigm investment partner Casey Caruso in an email to CoinDesk. Their emphasis on supporting and educating those new to crypto alongside strong banking and regulatory relationships has helped them build…
Tourism has reaped significant benefits from the integration of blockchain and cryptocurrency. To a large extent, it has automated and secured the transaction process. Several travel sites now accept Bitcoin and other cryptocurrencies as payment. Analytics Insight has compiled a list of the best travel sites that accept cryptocurrency as payment. Lets dive deeper into this: Travala was built as a blockchain-based travel booking platform, therefore in addition to accepting standard credit and debit cards, it offers the most cryptocurrency payment alternatives. It enables users to book from a pool of over 2 million hotels, airlines, and other services using digital currency.Alternative Airlines is…
Meme-based cryptocurrency dogecoin jumped 18% to above $0.20 on Friday, after Tesla’s chief Elon Musk said the electric carmaker will accept it as payment for merchandise. “Tesla merch buyable with Dogecoin,” Musk tweeted. This huge spike in price caused Dogecoin traders who are shorting the coin to lose more than $11.69 million to liquidations. The figures were much higher than liquidations on bitcoin or ether futures, which usually see the most losses among all cryptocurrencies. Nearly 65% of the liquidations stemmed from short trades, or from those betting on the downside, accounting for over $7.66 million in losses. Leveraged traders…