Home Blog Page 2499

Pro-Bitcoin U.S. Senator Cynthia Lummis To Present Crypto Regulation Bill In 2022

Mark Brennan
-
0
Pro-Bitcoin U.S. Senator Cynthia Lummis To Present Crypto Regulation Bill In 2022

Pro-bitcoin U.S. Senator Cynthia Lummis is readying to present a comprehensive crypto bill next year.


 

The bill is expected to be introduced in 2022 Bloomberg reports. The bill that is described as “comprehensive” will include a number of issues in it from taxation of digital assets to consumer protection.

Lummis told Bloomberg that the if bill is passed, it will:

“provide regulators with clear guidance on which assets belong to different asset classes, offer protections for consumers, regulate stablecoins, and create a new organization under the joint jurisdiction of the Commodity Futures Trading Commission and the Securities and Exchange Commission to oversee the digital asset market.”

Lummis urged her Twitter followers to appeal to Senators to support the bill. She also noted that she is looking for co-authors who are ready to join the work on the document.

In 2013, Lummis invested in digital gold for the first time and had 5 BTC at the end of June 2021. In August, she acquired an additional BTC for $100,000.

Cynthia Lummis strongly believes in BTC, recently she said that she keeps bitcoins to secure retirement and urges fellow citizens to follow her example.

While senator Lummis was the one who vowed to keep fighting for a favorable crypto amendment in the Infrastructure Bill, but despite her efforts, President Joe Biden signed the Infrastructure Investment and Jobs Act into law with controversial crypto tax definitions now in the Treasury Department’s hands.

Cynthia Lummis also came forward to criticize Hillary Clinton for her anti-crypto remarks saying “Great Leaders Do Not Fear Future, America Could Win Future By Embracing Bitcoin”

Terra (LUNA) Made New All Time Above $100, Takes 9th Position in Top 10 Surpassing Polkadot (DOT)

Mark Brennan
-
0
Terra (LUNA) Made New All Time Above $100, Takes 9th Position in Top 10 Surpassing Polkadot (DOT)

Terra (LUNA) has broken the $100 mark, setting a new all-time high. Market capitalization exceeded $36 billion.



According to CoinGecko, the new all-time high was $100.84.

terra new all time high

Over the past seven days, LUNA’s price increased by more than 55% and moved up to ninth place in terms of capitalization with a market cap of $36,401,319,454.

terra in top 10 crypto

The LUNA price reached a historic milestone after the announcement that the Terra community has initiated a new decentralized name service, and an airdrop of its new TNS token is on the way.

17.7% of the tokens will be airdropped to eligible users. The filtering process will be announced on 23 December 2021 (12:00:00PM UTC)

 

In December, the total value locked (TVL) in the Terra exceeded $18 billion. According to stats, Terra is in second position only after Ethereum in terms of TVL. Backed by the native LUNA token, the algorithmic stable coin UST is a key element of Terra. Over the past seven days, LUNA has also grown by almost 41%.

Kraken also announced the LUNA listing on Dec 15th, opening deposits. Trading became live on DEC 16th.

‘Ethereum Is Big Enough To Continue With Or Without Me’ Says Vitalik Buterin

Mark Brennan
-
0
‘Ethereum Is Big Enough To Continue With Or Without Me’ Says Vitalik Buterin

Ethereum is big enough to continue with or without me says Vitalik Buterin in Argentina.



This Tuesday, Vitalik Buterin, the founder of Ethereum, participated in the “AskVitalikBA” conference that took place in Argentina. On the occasion, Vitalik expressed his beliefs about cryptocurrencies as well as political issues.

According to his views Proof of Stake (PoS) model is more efficient and less vulnerable to censorship. Furthermore, he also stated that Ethereum would continue to grow even if he disappeared for some reason.

Finally, Vitalik praised the Argentine people and criticized the government saying that the state is incapable, unlike its people. Furthermore, he also mentioned the importance of cryptocurrencies in small countries, which are the real pillars of the crypto sector.

When asked what will happen to ETH if you disappear he said:

“Ethereum will exist with or without Vitalik Buterin.”

One of the main differences between the current two largest cryptocurrencies in the world is linked to their founders. While Satoshi Nakamoto, creator of Bitcoin, disappeared and is no longer connected to the project, Ethereum remains heavily dependent on Vitalik Buterin.

While his vision and command are now extremely critical to Ethereum, Vitalik said the project could continue to grow even if he were to disappear.

“I think the Ethereum community is big and even if I disappear for some reason, it will remain a big blockchain but Obviously I am not going anywhere.”

The question might come in the context of fake news in 2017 that claimed that Vitalik had died that caused the price of ETH to drop around 30% in just a few hours.

 

Vitalik also took the opportunity to defend the Proof of Stake (PoS) saying:

“I believe Proof of Stake is much more resistant to censorship than Proof of Work.”

According to Ethereum creator, it is more difficult for governments to censor PoS participants but as PoW consumes a lot of energy and mining equipment it becomes easier for governments to find such Pow participants as happened in China.

Looking forward to migrating to PoS next year, Vitalik also commented that scalability is the current big challenge. He noted that if any protocol becomes too centralized, it is also considered a failure.

Crypto in emerging countries like Argentina

Vitalik Buterin’s visit to Argentina caught the attention of the entire crypto community, all tickets were quickly sold out to see and meet Vitalik, reinforcing his importance both in Ethereum and in the industry in general.

About the use of cryptocurrencies in Argentina, and similar economies, Vitalik highlighted that in such economies population is able to use cryptocurrencies to solve problems such as inflation and self-oriented bureaucracy.

“I think the difference between here [Argentina] and some of the richer countries is that while both have people excited about cryptocurrencies, people here deeply understand that this is something that is solving real problems for them,” said Vitalik Buterin, founder of Ethereum.

Although many look at the crypto decisions taken by great powers like the U.S and China, the real focus that the crypto community needs to have is on small countries, as they are likely to lead this revolution like El Salvador.

Bloomberg Senior Commodity Strategist: ‘Crypto Bull Market Is Far From Over And Bitcoin Can Reach $70K Soon’

Mark Brennan
-
0
Bloomberg Senior Commodity Strategist: ‘Crypto Bull Market Is Far From Over And Bitcoin Can Reach $70K Soon’

Bloomberg Senior Commodity Strategist, Mike McGlone stated that the bull market for Bitcoin is not over and BTC could reach $70,000 in the near future.


 

In ‘The Tape’ podcast, Matt Miller and Paul Sweeney focus on market coverage, with analysis from Bloomberg Senior Commodity Strategist, Mike McGlone.

He expressed his thoughts that the oil market is “bearish”, but the situation with bitcoin is the opposite. Indeed, since the beginning of the year, the rate of the first cryptocurrency has grown by 64% and, according to McGlone, the growth of the digital asset market is far from over.

“From my point of view, a decline to $45,000 and beyond would be a sign of weakness, but this is unlikely,” said Mike McGlone.

A Bloomberg analyst believes that the next big target for BTC is $100,000. He repeatedly speaks about BTC going to $100K and does not backtrack on his words, but before that, Bitcoin needs to hit $70,000, after that he sees no major resistance along the way.

The top analyst also touched altcoins, but here McGlone has a more conservative view. In his opinion, only bitcoin, Ethereum, and stable coins are important. All other tokens and coins, including “meme coins” like Dogecoin, are highly speculative assets and will eventually leave the market.

According to the Strategist, One of the extremely positive factors for Bitcoin is the adoption of cryptocurrencies in the United States. The analyst expects that as early as next year (2022), US regulators will try to legalize the growing adoption of digital assets and develop the necessary regulatory framework for cryptocurrencies.

Whales Coming For Polygon, In Last 24 Hours Ethereum Whales Bought 7.3M Matic, But Why?

Mark Brennan
-
0
Whales Coming For Polygon, In Last 24 Hours Ethereum Whales Bought 7.3M Matic, But Why?

ETH wales are shifting their focus towards Polygon (Matic).



In the last 24 hours, Whales Matic buying is increasing at a rapid pace. This sharp buying suggests that a new all-time high above $2.73 is coming soon.

MATIC became the Ethereum whale’s top 10 holdings and top 10 purchased tokens over the past 24 hours.

It all started when the second-biggest ETH whale bought 4,000,000 Matic tokens for above $10M.

After this huge purchase by the second largest whale, other ETH whales also started to follow her, stats are:

  • The 2nd largest ETH whale again bought 1,000,000 Matic for $2,690,000 USD.
  • Another ETH whale bought 1,000,000 Matic for $2,650,000 USD.
  • An ETH whale bought 747,594 Matic for $1,996,077 USD.
  • An ETH whale bought 579,116 Matic $1,511,493 USD.

That is a staggering 7,326,710 Matic Bought in the last 24 hours for $18,902,911. The reason for such massive buying is that Whales are aiming for a new all-time high above 2.73. IntoTheBlock’s In/Out stats show that at the price of %2.63, all Matic holders are in profit.

 

The strong buying is also because yesterday Matic made two big announcements, first Uniswap v3 was deployed on Polygon along with an opera announcement to integrate Polygon in its browser. In 24 hours after the launch of Polygon-Uniswap V3, the TVL has exceeded $10 million, and the transaction volume has exceeded $21 million. According to DappRadar data, Polygon-Uniswap’s transaction volume in the past 24 hours can rank third in the Polygon DeFi ecosystem.

Opera, the world’s top web3 browser is integrating Polygon with its browser. Opera currently has 380 million monthly active users. This is a huge success for Matic adoption.

The third reason for whale buying is that Polygon is also bringing an upgrade to its network with a testnet release known as the Mumbai test network, similar to the EIP-1559 update on the Ethereum network that will introduce the burning of Matic and better fee visibility.

Sandbox (Sand) Up 14% In One Hour As PwC Hong Kong Acquire Virtual Land In Sandbox Metaverse

Mark Brennan
-
0
Sandbox (Sand) Up 14% In One Hour As PwC Hong Kong Acquire Virtual Land In Sandbox Metaverse

One of the top China companies PwC Hong Kong has acquired virtual land on the Sandbox platform.



Sandbox did not specify exactly which land the company acquired and for what price.

PwC Hong Kong is part of the international network of PricewaterhouseCoopers International Limited, which is present in 156 countries around the world.

Sandbox writes:

“The Sandbox, a subsidiary of Animoca Brands, today announced that PwC Hong Kong has acquired a LAND site in The Sandbox metaverse. PwC Hong Kong thus becomes the first member of an internationally recognized professional services network, and the first member firm of the PwC global network, to publicly enter The Sandbox.”

William Gee, Partner at PwC Hong Kong, commented:

“The Metaverse offers new possibilities for organizations to create value through innovative business models, as well as introducing new ways to engage with their customers and communities. We will leverage our expertise to advise clients who wish to embrace the Metaverse on the full range of challenges presented by this emerging global digital phenomenon.”

The SAND token strongly reacted with an increase of almost 14% within an hour. At the time of writing, SAND is trading near $ 5.89.

sand token price

 

According to DappRadar, about 4,500 users have bought virtual lands on The Sandbox over the past 30 days. According to OpenSea, over the past three months, the average price of land on the platform is 2.45 ETH ($9665).

Animoca Brands believes that companies like PwC Hong Kong can play an important role in the development of the open metaverse. In particular, they will help create an ecosystem that is friendly to brands that are new to the Web 3.0 concept.

Solana (SOL) Celebrate “Happy Solana Solstice” Day, A Look At SOL 2021 Milestones

Zabi
-
0
Solana (SOL) Celebrate “Happy Solana Solstice” Day, A Look At SOL 2021 Milestones

Solana (SOL) wished its community a “Happy Solana Solstice” Day.



The word, “Solstice” means “the longest and shortest days of the year.”

“Happy Solana Solstice” Day is celebrated by Solana as the ecosystem marks the close of 2021. Therefore, the company believed that it’s a great time to look back and see just how far they have come facing the longest and shortest days of the year.

  • Solana sharing the highlights of Solana Year 2021 with its community mentioned that there were only 360 global validators in January when the Solana network was still new. Now the number reaches 1,331.
  • The Solana ecosystem is thriving, as the number of projects in the Solana ecosystem jumped from 70 to 5,145 since January.
  • Till now, more than 5 million total NFTs have been minted on Solana, whereas in January there was not even a single NFTs on its platform. Metaplex, launched its first-ever NFTs on the Solana ecosystem, following the explosion of NFTs.
  • The company is proud to share that Solana has $11.4b total value locked — with $1.6b of that in stake pools, as of today compared to January when total value locked was equal to only $100m.
  • The total number of transactions increased from 10,000,000,000 to 45,500,750,478 from January to this year-end.

All in all, the Solana community has taken off in 2021 — and the company sees next year to be even better.

$PEOPLE: The Token That Almost Purchased a Copy of the US Constitution

Andrew MacGill
-
0
$PEOPLE: The Token That Almost Purchased a Copy of the US Constitution

What is $PEOPLE?

People claimed that PEOPLE initially started off as a casual joke on Twitter, it ultimately became a real bid in an auction to buy a copy of the US Constitution. This exciting win would have granted ConstitutionDAO governance rights over documents of the US Constitution. Although the project satisfied its purpose to raise capital and bid at Sotheby’s, $PEOPLE failed to win the auction. However, the project still diligently maintained their promise to return full refunds to contributors.

$PEOPLE Token Overview

Total Supply: 5,125,119,927

Market Cap: 735,930,854 USDT

Coinstore Listing: 10 December 2021, 18:00 (UTC+8)

 What is the Token Utility of $PEOPLE?

Although the $PEOPLE token possesses no rights, governance, or utility other than redeeming them for Ethereum from the smart contract held in Juicebox, it still managed to rise nearly 4,000% from a mere $0.004 to a new all-time high of $0.16.

At the time of writing, one $PEOPLE token is valued at $0.145692~ USDT, with a 24-hour trading volume of $290,813,619, and an impressive increase of 11.1% in the last 24-hours.

Keen users can check out PEOPLE on Coinstore from 10 December 2021 onwards, and be a part of this growing project!

$PEOPLE’s Official Channels

Website: https://www.constitutiondao.com/

Get CCP on Coinstore: https://www.coinstore.com/#/spot/PEOPLEUSDT

Download the Coinstore app: https://www.coinstore.com

About Coinstore

Coinstore’s goal is to advance the crypto industry to the next level and provide access to popular digital assets to the mainstream public. Encompassing a whole new concept of “fun” in finance, Coinstore also aims to equip our users with experience and techniques to buy, sell and trade on the go. Still in its up-and-coming stages, Coinstore welcomes community members and interested influencer partners to join us for collaborations.

Media Contact:

Charles Tan, Marketing Head, Coinstore

charles@coinstore.com

Liu Yi Yun, Branding Executive, Coinstore

yiyun@coinstore.com

Coinstore Social Media:

Twitter: https://twitter.com/coinstore_en

Telegram Discussion Group：https://t.me/coinstore_english

Telegram Announcement Channel：https://t.me/coinstore_global

Facebook: https://www.facebook.com/coinstoreglobal

Website: https://www.coinstore.com

Discord: https://discord.gg/KKHtHa4KPX

Instagram: https://instagram.com/coinstore_exchange

Youtube: https://www.youtube.com/channel/UCHu0m61HHuDftQVE_0jHaYA/videos

TikTok: https://www.tiktok.com/@coinstore_global?

 

 

Near Protocol (NEAR) Price Rose By 50% After Terra (LUNA) Partnership

Albert Brown
-
0
Near Protocol (NEAR) Price Rose By 50% After Terra (LUNA) Partnership

The Near protocol (Near) team announced top DeFi project Terra (Luna) will deploy its stable coin UST on the NEAR and Aurora ecosystems.



Near price rose by more than 50% after the announcement. The integration was made possible by Terra’s partnerships with DeFi projects NearPad and Rose on Aurora’s second-tier network.

The NearPad platform offers services of a decentralized exchange, a platform for launching tokens, and an incubator. Rose is a crypto lending service.

The partnership is expected to provide users with new opportunities and promote the development of UST in the NEAR and Aurora ecosystems. NearPad and Rose will launch incentive initiatives to raise liquidity in UST.

Near Protocol Writes:

“The partnership between Terra, NearPad, and Rose will facilitate the growth of UST to new ecosystems on both NEAR and Aurora. Users will be able to bridge assets directly from Terra to Aurora via Allbridge or from any of the other supported chains. Both NearPad and Rose will offer incentivized opportunities for users to deposit UST liquidity into the protocols, which then can be accessed by the wider NEAR and Aurora communities.”

Aiden Knox, Founder of NearPad and Rose said:

“Partnering with Terra to bring UST to the ecosystem to our community will be a big step towards growing the Near and Aurora ecosystem,” 

Following the announcement, the Near price rose from $8.8 to around $14.2 in two days.

near price

image source: coinmarketcap
In December, the total value locked (TVL) in the Terra exceeded $18 billion. According to stats, Terra has become the second position only after Ethereum in terms of TVL. Backed by the native LUNA token, the algorithmic stable coin UST is a key element of Terra. Over the past seven days, LUNA has also grown by almost 41%.

Is Anyone Interested To Know How Much Bitcoin MicroStrategy CEO, Michael Saylor Personally Holds?

Mark Brennan
-
0
Is Anyone Interested To Know How Much Bitcoin MicroStrategy CEO, Michael Saylor Personally Holds?

MicroStrategy CEO, Michael Saylor revealed how much Bitcoin he personally owns.



MicroStrategy CEO owns approximately 17,732 BTC ($861 million). He told about his BTC holdings in an interview with The Information.

Sailor stated that he never sold his Bitcoin, even never considered selling them. According to him, in the future, the price of one bitcoin will reach $6 million.

MicroStrategy, the firm founded by Saylor, owns 122,478 BTC. The firm first invested in bitcoin in August 2020, buying $250 million worth of cryptocurrency.

Subsequently, according to the strategy approved by the board of directors, the company continued to acquire digital gold using both equity and debt financing.

MicroStrategy made its last purchase in December 2021 buying 1,434 BTC for $82.4 million.

In total, the company invested about $3.66 billion in bitcoin. At the current BTC exchange rate, its cryptocurrency reserves are worth about $5.9 billion, almost double.

Sailor previously called BTC a “global reserve asset” and admitted that MicroStrategy would hold the cryptocurrency “forever.”

Since the beginning of 2021, Bitcoin has increased in price by about 67%, and the MicroStrategy stock price has added about 47%.

Recently Michael Saylor said that he is planning to lend MicroStrategy bitcoins holdings and generate yield on it. Saylor said his company has yet to make a final decision on the matter. Major banks and enormous technology companies can be potential borrowers.

Read More On Michael Saylor:

 

1...2,4982,4992,500...2,628Page 2,499 of 2,628