Monthly Archives: December 2021

The Novatar — the Best Place to Create Your Digital Identity

Crypto Daily

PRESS RELEASE. The Novatar will be launching with a limited edition of 25K avatars, an NFT project to enable users to experience the fascinating new world of virtual reality and claim a brand new self. To resemble how humans came into this world in the form of a baby, all 25K Novatars are newborns. Similarly, all are distinctive with distinctive features, expressions, race, and skin color. As the babies grow, so will do the Novatars, this will happen after minting. Progressing with their genes and appearance, the […]

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Bitcoin’s Green Potential: Energy Consumption Does Not Equal Carbon Emissions

Crypto Daily

While detractors often cite Bitcoin’s energy consumption as a negative, this doesn’t automatically imply environmental impact. Bitcoin mining has long been singled out for its contribution to rising global carbon emissions. Fortunately for the pioneering cryptocurrency, many of these critiques are based on faulty assumptions and predictions divorced from an understanding of the built-in energy-seeking incentives native to Bitcoin, and underplaying the positive impact it has now and may have in the future for billions of global citizens. While it is true that the global Bitcoin network […]

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Getting paid in BTC was a ‘big part’ of the reason this MMA fighter signed with Eagle FC

Crypto News

“To be paid in Bitcoin and not give me any pushback on it whatsoever, was huge in the decision,” said MMA fighter Kevin Lee on signing with Eagle FC. Kevin Lee, a professional mixed martial arts fighter, has said a major factor in his decision to sign with a new promotion company was Bitcoin (BTC). According to a report from MMA news outlet BJ Penn, the Russia-based Eagle Fighting Championship will be paying Lee in BTC as part of a four-fight contract. The fighter has reportedly been a […]

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Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG

Crypto Daily

The Italian luxury sports car manufacturer headquartered in Maranello, Italy, Ferrari has announced the firm is partnering with Velas Network AG, a firm that specializes in blockchain and non-fungible token (NFT) technology. Ferrari Reveals Partnership With Blockchain Firm Velas On December 27, Ferrari the well known luxury sports car maker founded in 1939 by Enzo Ferrari revealed the firm is stepping into the world of creating “exclusive digital content.” The racing division Scuderia Ferrari announced that the Italian car manufacturer has partnered with Velas Network AG in […]

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FTX exchange floats $1M prize for banks to accept stablecoins

Crypto News

Stablecoins like USDT are under scrutiny in the United States, with some lawmakers calling for greater regulatory oversight of the industry. Cryptocurrency derivatives exchange FTX is calling on banks to reach out and discuss the possibility of accepting stablecoins in exchange for a $1 million reward. In a Tuesday Twitter post, FTX said it was exploring forming relationships with banks in different regions to allow users to have “near-instant and near-free deposits and withdrawals” through stablecoins. The exchange floated the idea of offering a $1 million prize […]

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Analysts warn that possible downside wick could push BTC price as low as $44K

Crypto News

A double top formation preceded Bitcoin’s plunge below $48,000 on Dec. 28 with some analysts suggesting it could dip to $44,000 before resuming its uptrend. It looks as though the year-end rally that many crypto traders had hoped for will have to wait until 2022, as Bitcoin (BTC) bears gained the upper hand on Dec. 28 and hammered the price of BTC below support at $48,000.  Data from Cointelegraph Markets Pro and TradingView shows that an early morning wave of selling broke through BTC support at $50,000 […]

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Iran Bans Bitcoin Mining Until March

Crypto Daily

The country has ordered miners to shut down for the second time this year over blackouts concerns. Iran has restricted bitcoin mining operations for the second time this year. Licensed miners are required to shut down until March. Excessive energy demand has led to less power sent to industrial consumers. Iran has once again ordered bitcoin miners to shut down to ease power demand on the country’s energy grid during the winter months. Licensed miners are expected to receive the green light to resume operations in March […]

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‘The only thing holding us back is us,’ says Charles Hoskinson on DeFi’s future

Crypto News

In a live YouTube session, Hoskinson delivered a 30-minute briefing on the need for collaboration and friendliness within the DeFi industry. The total value locked, or TVL, in decentralized finance (DeFi) has soared to over $250 billion as 2021 closes out, according to DeFi Llama, with most activity on Ethereum. The budding DeFi industry only became mainstream during summer 2021. While TVL valuations underscore the rapid growth of the industry, Cardano (ADA) founder Charles Hoskinson has warned about the challenges facing DeFi. In a YouTube video entitled […]

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Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed

Crypto Daily

With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether worth close to $5 billion has been burned. Burning $5 Billion in Ether in 4 Months Around four months ago, Ethereum implemented the London upgrade which added a number of new rule-sets to […]

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Bitcoin Marketplace Scarce City Raises $690,420

Crypto Daily

The company plans to use the funding to improve its Bitcoin marketplace and increase its media presence. Scarce City, a marketplace of Bitcoin-related artworks, has raised $690,420 from investors including Jason Williams, Brad Mills, Plan B Ventures, Lightning Ventures, and Fulgur Ventures. “We’re grateful to bring bona fide Bitcoin investors on to our team to contribute to our mission to support Bitcoin culture and adoption,” said Scarce City’s chief executive pleb, Chris Tramount, in a statement sent to Bitcoin Magazine. Scarce City leverages Bitcoin technology, including the […]

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