Monthly Archives: December 2021

Ethereum ‘about to go parabolic’ against Bitcoin as analysts weigh BTC bear case

ETH/BTC stays near its highest since 2018, but that’s nothing compared to its next move, one trader believes. Ethereum’s Ether token (ETH) is due to launch a “parabolic” attack on BTC to beat all-time highs, one analyst believes. 2-week predicts “crazy” ETH move ETH/BTC 1-month candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows ETH/BTC sitting near three-year highs — but its next move should be even stronger. Ethereum against Bitcoin is one of the few bullish narratives in the short-term crypto markets this month. […]

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Korean Incubator Hashed Raises $200 Million for Web 3.0 Investments

Hashed, a Korean blockchain VC firm, has announced the launch of Hashed Venture Fund II, a new fund that will focus on investing in Web 3.0-based startups. The fund raised $200 million for these investments, and while the company did not disclose those who participated, it did announce it will be scaling operations to have a more global impact. Hashed Focused on Web 3 Investments Hashed, one of the biggest blockchain-based VC firms in Korea, has announced the launch of a new fund that will focus on […]

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Renowned Poker Star Doug Polk Becomes Coinflex’s First Global Brand Ambassador

PRESS RELEASE. On the back of a big year for CoinFLEX, the crypto derivatives exchange that now powers the Bitcoin.com exchange, has just launched its brand ambassador initiative to expand its global community. CoinFLEX’s first brand ambassador is world-renowned poker star, Doug Polk. Doug Polk is one of poker’s most well-known superstars, having won over $9.5 million in live tournaments and more recently booking a win for $1.2 million in a heads-up competition versus fellow poker pro Daniel Negreanu. Doug is just as well known for his […]

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Star Trek creator’s signature goes where no NFT has gone before: DNA

The living “El Primero” or “The FIrst” NFT immortalizes an economic moment in sci-fi history by fusing future tech with Star Trek history. The signature of Star Trek producer Gene Roddenberry has gone boldly where no NFT has gone before — into the code for life itself. Back in 1965, Roddenberry signed a contract with Lucille Ball’s Desilu Productions to finance Star Trek. On Nov. 30, that signature was turned into a nonfungible token (NFT) and implanted into the DNA code of a living bacteria cell — […]

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Nifty News: Ulbricht’s NFT bids top 261 ETH, Irishman producer funds movies with NFTs

Polygon has ramped up its NFT gaming plans with GameOn partnership, Irishman producer launches NFT firm to fund movies, and the Silk Road founder‘s NFT drop has fetched bids higher than $1 million. Silk Roads lead to nonfungile tokens Bidding for a 1/1 NFT auction created by imprisoned Silk Road founder Ross Ulbricht has surpassed 261 Ether (ETH), $1.17 million at the time of writing. The NFT depicts a hand-drawn illustration from Ulbricht of a psychedelic eye, and is part of a collection of writings and nine […]

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Adidas Steps Into the Metaverse by Partnering With NFT Projects Bored Ape Yacht Club, Punks Comic

The German multinational corporation that crafts athletic shoes, sportswear, and accessories, Adidas AG is teaming up with the non-fungible token (NFT) brands the Bored Ape Yacht Club, and the comic series Punks Comic. Adidas revealed last week that the company partnered with Coinbase and believes the metaverse is one of the most “exciting” developments in digital. Adidas Partners With Bored Ape Yacht Club, Punks Comic, and Gmoney Adidas wants the world to know it is entering the world of blockchain technology and metaverse collectibles in a big […]

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Deadmau5 and Portugal The Man release single as 1M NFTs in bid to go platinum

The award-willing artists want their new release “This is Fine” to become the first NFT single ever to go platinum, but it’s unclear whether that is even possible. Dance music star Deadmau5 and Grammy award-winning indie rock band Portugal The Man (PTM) have teamed up to release one million copies of their new single “This is Fine” as nonfungible tokens (NFTs). The single was released on Deadmau5’s (whose real name is Joel Zimmerman) label, Mau5trap with the aim to have the single be the first NFT to […]

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Academic research claims ETH is a ‘superior’ store of value to Bitcoin

The report highlights the merits of EIP-1559 as a tool for making ETH a deflationary cryptocurrency and potentially better store of value than Bitcoin. Australian university researchers have questioned Bitcoin’s reputation as the best store of value network in cryptocurrency, with Ethereum on track “to becoming the world’s first deflationary currency.” A Nov. 18 paper by four Australian researchers discusses how the EIP-1559 upgrade makes ETH a potentially better store of value. The research comes was coauthored by Ester Félez-Viñas from the University of Technology Sydney, Sean […]

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‘Wolf of Wall Street’ Jordan Belfort Warns About Investing in Dogecoin and Shiba Inu Cryptocurrencies

Jordan Belfort, the former stockbroker whose memoir was made into a film starring Leonardo DiCaprio, has warned about investing in meme cryptocurrencies, like dogecoin (DOGE) and shiba inu (SHIB). Belfort explained that “People are taking advantage of an unregulated market,” emphasizing that “The sooner governments step in the better it is for crypto.” The Wolf of Wall Street’s Advice on Dogecoin and Shiba Inu Cryptocurrencies Jordan Belfort, aka the Wolf of Wall Street, has warned investors about putting money in meme cryptocurrencies, like dogecoin (DOGE) and shiba […]

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They Haven’t Been Teaching Monetary History Accurately

No, the gold standard did not cause the Great Depression. And yes, a Bitcoin standard is needed today. The below is a direct excerpt of Marty’s Bent Issue #1122: “They haven’t been teaching monetary history accurately.” Sign up for the newsletter here. If you have ever had the displeasure of learning economics while in university or simply have had a pompous sheep fiatsplain to you why a sound money standard can never work you’ve likely had a professor or the fiatsplainer blame the gold standard for the […]

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