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Bitcoin (BTC) lost momentum at $51,500 on Dec. 24 as traders weighed the odds of a "Santa rally" coming true for Christmas. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC sees potent long-term retestData from Cointelegraph Markets Pro and TradingView saw BTC/USD preserve its gains from Dec. 23, these totaling 6% with resistance
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Not surprisingly, YGG, GuildFi and Merit Circle – some of this year’s more successful crypto guilds – all have their own tokens. But even the most valued among them, YGG, has a market capitalization of $461 million, according to CoinGecko, far from the value of gaming-sector darlings AXS ($6.6 billion)
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“There’s significant demand for more efficient and safe smart contract developer tooling, and Mysten has the technology and expertise to make major improvements across multiple chains. Allowing developers to focus on perfecting their user experience, without tackling the complexities of lower-level blockchain integrations, is key to enticing more Web 2
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The metaverse is a digital world combining elements of augmented and virtual reality, the internet, gaming, art, culture and social networking. Participating in these worlds usually requires a user to use cryptocurrency tokens or purchase objects in the virtual world, which are typically sold as non-fungible tokens (NFTs). Original Source
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Investors may be better off owning bitcoin directly versus shares of Coinbase Global Inc. (COIN) in order to avoid headwinds including growing competition and the ongoing “commoditization of cryptocurrency exchanges,” Mizuho Securities USA told clients in a note Thursday. Source
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MicroStrategy has been bullish from the start evidenced by its bitcoin purchases. The firm owns over 110 bitcoins and has deepened its crypto bet at various times during the past year. The tech firm has continuously raised money at various points to purchase more BTC to add to its balance
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Options traders are turning their attention to long-term bullish bets on the cryptocurrency ether, as some anticipate that an ether-based exchange-traded fund (ETF) product will likely follow the launch of the first bitcoin futures-based ETF in the U.S.Data reveal a growing demand for long-dated, out-of-the-money (OTM) call options on ether
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Portfolio management in decentralized finance (DeFi) remains a highly manual and, at times, costly process, especially on platforms like Uniswap v3 where “concentrated liquidity” means that a user might have their position liquidated entirely to one side of a pair being traded.However, Sommelier is working to change that. The Ethereum-based
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“Our team is working on a proof-of-concept project for a private, permission-less DeFi network, with a corresponding token,” R3 representative Nick Murray-Leslie said via email. (“Private” and “permission-less” sounds confusing, but refers to R3′s work with Intel SGX to create a closed setting for transactions while holding onto the open
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Angle Labs, a startup focused on offering stablecoins in currencies like the euro as an alternative to dollar-centric tokens, has raised $5 million in a funding round led by Andreessen Horowitz (a16z).Also included in the seed round, announced Tuesday, were Fabric VC, Wintermute, Divergence Ventures, Global Founders Capital, Alven, Julien
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