Monthly Archives: February 2021

Ethereum joins the $200 billion club — But is it worthy?

Ethereum broke the $200 billion market cap mark, surpassing secular companies such as Novartis and AT&T. Ether (ETH) is up 150% in 2021, causing its market capitalization to soar above $200 billion. Most traders are fixated on the unitary price, even though it is entirely arbitrary, therefore missing relevant milestones and comparables. Ether and Bitcoin YTD performance. Source: Digital Assets Data Investors, mainly those coming from the traditional industry, are used to compare multiples of earnings, sales, and market share. Meanwhile, when valuing a cryptocurrency with multiple […]

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Blockchain Firm Asks Nevada State for Permission to Build a Crypto ‘Smart City’ in Storey County

A crypto “smart city” could become a reality in Nevada’s desert, as a blockchain firm applied to make it possible. The investment company asked the state of Nevada to form a local government in Storey County. Crypto City Aims to Host 33 Million Square Feet of Commercial Space According to a report published by the Associated Press, Blockchains LLC wants to build the crypto city within its 67,000 acres of land located in Reno’s east. But the application is not limited to Blockchains LLC. The firm’s CEO, […]

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The Man Behind Wallex and EURST

Simone Mazzuca is innovative in his style of management. Being the founder of Wallex and creator of the EURST, he is agile and motivated with a strong orientation to bridge traditional finance with the new digital world. He focuses his energies on management and advisory robustness that leads to the creation of borderless opportunities within the financial sector and oversees the success of his clients by the achievement of their objectives. The Founder of Wallex and Creator of EURST The impact of digitization on the world economy […]

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‘Fair Launch’ tokens outshine the average coin’s performance

Data from Messari shows the top 20 “Fair Launch tokens” are outperforming both the top 1,000 crypto assets and Ethereum-based assets on average this year s far. So-called ‘Fair Launch’ tokens are outperforming most projects released via centralized token distribution events, according to crypto market data aggregator Messari,  Messari defines Fair Launch tokens as having a publicly announced launch without any form of pre-mine. These include older top 10 crypto assets Bitcoin and Litecoin, newer DeFi projects such as Yearn.Finance and SushiSwap, and veteran 2013 altcoin Peercoin. […]

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YouTuber regrets spending 37 BTC — now worth $1.8M — on used Hondas

One enthusiast paid $1.8 million in BTC at today’s prices for a couple of secondhand Honda sports cars. A Honda enthusiast has released a YouTube video revealing how he spent a bunch of Bitcoin on two used sports cars. Known on social media as “NSXTRA”, Chris Cut’s Feb. 16 YouTube video titled “Idiot Spends $1.8 Million of Bitcoin on Old Hondas” reveals how much he regrets spending large amounts of Bitcoin at today’s prices on the classic sports cars. The first car in question is a Honda […]

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Over $100M in crypto collectible NFTs sold in last 30 days

From NBA TopShots to Hashmasks to CryptoPunks, collectible NFTs are selling like hotcakes. Non-fungible token sales are booming and top marketplaces are seeing record volume levels. The milestone was noted by crypto asset investment firm Paradigm co-founder Matt Huang, who posted a screenshot from NFT marketplace and data tracker CryptoSlam. CryptoSlam also reported that a large portion of trading is now taking place on secondary markets indicating that crypto collectibles are changing hands more often. Over $100M+ in crypto collectibles (NFT) sales, last 30 days pic.twitter.com/72VTwc5Hg7 — […]

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Spanish Treasury Secretary Says Cryptocurrencies Carry a ‘Risk of Default’, Repeats Bank of Spain’s Lack of Regulation Rhetoric

The government of Spain continues to harden its stance against widely adopting cryptocurrencies. The Spanish Secretary of State for the Economy recently expressed her concerns on risks that she thinks cryptos possess for the national economy. Secretary Doesn’t Like Bitcoin as It Cannot Be ‘Supervised or Sanctioned’ During the Online Fintech Summit 2021, Ana de la Cueva said that cryptocurrencies such as bitcoin (BTC) carry “a risk of default, given that the user does not have the protection offered by traditional payment systems against a default by […]

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Top bidder at Ultraviolet NFT auction can collaborate with 3LAU on new music

Crypto influencer and DJ 3LAU has announced an upcoming series of NFTs to commemorate the third anniversary of his 2018 album, Ultraviolet. Famed musician, producer, and Cointelegraph Top 100 awardee 3LAU has announced an upcoming NFT auction celebrating the three-year anniversary of his 2018 album Ultraviolet. The highest bidder will be able to collaborate with 3LAU on a new track. 3LAU’s “Ultraviolet Vinyl NFT Collection” is scheduled to be auctioned over two days from Feb. 26 on Origin Protocol’s decentralized e-commerce platform, Dshop. Auction participants will have […]

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Crypto criminals got away with $5B less in 2020 as scam revenue falls

The proceeds of crypto crime fell by more than $5 billion in 2020, due to increasing regulatory compliance by crypto exchanges and declining scams. Revenue from crypto-related crime dropped by more than half in 2020 according to Chainalysis’ annual report on the subject. Cybercriminals netted around $5 billion less than the $10 billion plus they got away with in 2019, representing a 53% fall. Transactions involving illicit funds have decreased even more rapidly than the total volume of those funds, falling from 2.1% of all transactions analyzed […]

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Survey finds 5% of corporate CFOs plan to buy Bitcoin in 2021

More than 70% of financial executives surveyed are closely watching what everyone else is doing with Bitcoin before they decide on investing their companies’ cash reserves in it. A small scale study of financial executives has found that 5% of companies intend to invest in Bitcoin (BTC) as a corporate asset this year, with a further 11% stating they could do so by 2024. The survey conducted by Gartner comes on the back of news that Tesla invested 8%, or $1.5 billion of its cash reserve, into […]

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