Monthly Archives: December 2021

Cove Markets to join Robinhood Crypto in latest acquisition

“We started Cove Markets three years ago to help crypto investors get the most out of their trading experience,” said Scott Knudsen, CEO and Co-Founder of Cove Markets. Cove Markets, an API platform that enables users to trade across multiple centralized exchanges and manage aggregate financial data, will become part of Robinhood Crypto, as announced by the discount brokerage late Tuesday. Traders and investors can connect up to seven exchanges, including Coinbase Pro, Kraken, Bitfinex, etc., using Cove Markets to trade over 50 major currencies and altcoins. […]

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3 reasons why Nexus Mutual (WNXM) price is holding steady in a volatile market

Integration across multiple DeFi platforms and consistent insurance payouts after major hacks appear to be boosting WNXM’s fundamentals. There is always going to be risks involved with interacting with cryptocurrencies and recent proof of this can be seen over the past few weeks after savvy hackers managed to abscond with millions of dollars worth of tokens from Bitmart, AscendEX and BadgerDAO exchange.  Nexus Mutual is a decentralized platform that allows investors to secure insurance coverage against smart contract exploits and today the altcoin rallied by 38% even as Bitcoin and the […]

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Nike Acquires NFT Startup RTFKT Studios in Order to ‘Deliver Next-Generation Collectibles’

Nike, the American multinational footwear and sports apparel company has announced the acquisition of a startup called RTFKT Studios, a firm that leverages non-fungible token (NFT) assets, blockchain authentication, and augmented reality. Nike says the acquisition will allow the company “to deliver next-generation collectibles that merge culture and gaming.” Nike Steps Into the Metaverse by Acquiring RTFKT Studios On December 13, Nike announced the company has purchased the digital collectibles firm RTFKT Studios. The news follows Nike’s initial steps toward the metaverse during the first week of […]

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Hololoot Celebrates an Overwhelmingly Successful Public Sale and Decentralized Listing

PRESS RELEASE. Hololoot is the market-leading AR NFT generator, marketplace and metaverse designed for widespread adoption. Built by AR industry veterans, Hololoot combines the latest developments in 3D modeling with the unique properties of NFTs to produce an app that is simultaneously powerful and easy to use. Their native token HOL, which unlocks the full potential of their platform, was launched recently on three launchpads: Seedify, Synapse and Enjinstarter. These IDOs smashed launchpad records, with First Come, First Served pools filling at an average of under a […]

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Witnesses offer differing opinions on approach to stablecoins at congressional hearing

Every witness who appeared in front of the committee seemed to have their own rallying cry for U.S. lawmakers, from calling for greater KYC/AML compliance to “avoid policies that encourage the growth of stablecoins.” The Senate Committee on Banking, Housing and Urban Affairs heard from several expert witnesses with knowledge of stablecoins who urged lawmakers to establish a clear regulatory framework but could not seem to agree on where lines would be drawn. In a Tuesday hearing on “Stablecoins: How do They Work, How Are They Used, […]

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U.S. Senate Candidate: Bitcoin Can Bring Power Back To The People

An interest in power decentralization and freedom is pushing U.S. senate candidate Morgan Harper to learn more about Bitcoin. Morgan Harper has begun her Bitcoin learning trajectory. The 38-year-old Senate Candidate for Ohio is researching opportunities that the decentralized monetary network can bring to her constituents, namely a push for the decentralization of power — which she believes is overdue. “One of the greatest problems in our society is too much power centralized in too few hands, which produces anticompetitive effects that entrench incumbents and prevent innovation,” Harper told […]

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Data suggests traders view $46,000 as Bitcoin’s final line in the sand

BTC and altcoins took a severe hit on Dec. 13, but derivatives data suggests traders are watching $46,000 as a signal of whether the current market structure will hold up. Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments.  When the move occurred, analysts quickly reasoned that Bitcoin’s 8.5% correction was directly connected to the Federal Open Market Committee (FOMC) meeting, which starts on […]

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Multicoin Capital Exec Says There ‘May Not Be a Crypto Bear Market at All,’ Claims ‘Bitcoin Will Get Flipped’

While the crypto economy has tumbled in value during the last two weeks, the managing partner at Multicoin Capital, Kyle Samani, recently shared his views on why he thinks the “next bear market will not be like the last one.” In fact, Samani remarks that there may not even be “a bear market at all.” Multicoin Capital Executive Claims the ‘Next Bear Market Will Not Be Like the Last One’ One thing is for sure, cryptocurrency investors are fearful of a full-on bear market like the past […]

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Today’s Economy Parallels Weimar Germany’s Hyperinflation, But Now We Have Bitcoin

The more things change the more they stay the same; our modern inflationary currencies are beginning to mirror that of Weimar. In the early 1920s, the value of the papiermark (the native currency of the Weimar Republic of Germany) lost almost all of its purchasing power, causing tremendous instability within Weimar for many years as society tried to wrestle with the fact that tomorrow’s money was worth less than it was today. Day after day, the currency was worth less and less, ultimately becoming a worthless piece […]

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Mintable app to support minting NFTs on the layer two Immutable X protocol

By integrating Immutable X’s technology into its marketplace, Mintable hopes to tackle gas and scaling limitations for NFT traders. Mintable marketplace announced its partnership with Immutable X, a StarkWare-based layer-two solution for nonfungible tokens (NFTs) on Ethereum, to make over 24 million NFTs on Immutable X available for sale on Mintable. This integration will enable users to deposit ETH and ERC-20 tokens with instant confirmation and no gas fees. According to Mintable’s Twitter thread, Mintable and Immutable X share a vision to scale NFT marketplaces by offering […]

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