New research expects a gloomy year for Bitcoin as DeFi and DAOs rise
On the brighter side, DeFi will continue to expand and adapt, with DAO governance eventually becoming a major driver of activity on the chain Go to Source Powered by WPeMatico
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MXC’s 200% gain hints that LoRaWAN IOT mining projects could rally in 2022
A growing partnership network, the ability to mine multiple cryptocurrencies simultaneously and renewed interest in blockchain-focused IOT technology back MXC’s 200% rally. Go to Source Powered by WPeMatico
25% of US Adults Plan to Start Investing in Crypto, Survey Shows
A U.S. consumer survey shows that 25% of respondents who currently do not own cryptocurrency plan to start investing in crypto. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.” ‘2021 Was a Good … Read more
70% of US crypto holders started investing in 2021: Report
46% of respondents reported having $1,000 or less in crypto, while another 25% said they held between $1,000 and $10,000. Go to Source Powered by WPeMatico
‘Net neutral’ — Rising Bitcoin exchange balances could be due to Huobi Chinese user block
Binance may be seeing Bitcoin inflows, but overall, movements among major exchanges appear to cancel each other out, fresh data shows. Go to Source Powered by WPeMatico
100 digital payment token firms in Singapore fail to win licenses: Report
The Monetary Authority of Singapore wants to support crypto and blockchain adoption in the country but it’s also willing to recognize the risks. Go to Source Powered by WPeMatico
5 Crypto Exchanges Custody 1.6 Million Bitcoin or Close to 8% of the Capped Supply
As of December 12, around 90% of all the bitcoin that will ever exist is in circulation today, and the top five exchanges hold 1.6 million bitcoin. The bitcoin holdings on Coinbase, Binance, Huobi, Kraken, and Okex combined represent 7.96% of the 21 million bitcoin supply cap. The bitcoin held by Coinbase is a whopping … Read more
Data shows pro traders are currently more bullish on Ethereum than Bitcoin
ETH has outperformed BTC by more than 230% this year and derivatives data suggests traders believe the altcoin has a lot more upside. Go to Source Powered by WPeMatico
Cryptocurrency Exchange Huobi Global to Leave China This Month
Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic Crypto exchange Huobi Global is going to discontinue … Read more
Huobi Research Report ‘Taper Landed’ Paints Bleak Picture for Cryptocurrency Assets
A report issued by the Huobi Research Institute, the investigative arm of the Asian exchange, examines the effect that upcoming changes of U.S. Federal Reserve policy could have on the price of cryptocurrencies. The report, titled “Taper Landed: The Turning Point of The Cryptocurrency Market is Coming,” states that due to the upcoming tapering, the … Read more
