Cryptocurrency News

2021 was a sort of "coming-of-age" for many layer-one (L1) blockchain protocols because the growth of decentralized finance (DeFi) and nonfungible tokens (NFTs) forced users to look for solutions outside of the Ethereum (ETH) network where high fees and network congestion continued to be barriers for many.Protocols like Fantom (FTM), Avalanche (AVAX) and Cosmos (ATOM) saw their token values rise a

Animoca Brands doubles valuation to $5B, OpenSea tops $3.5B in January volume, Microsoft eyes Metaverse gaming: Hodler’s Digest, Jan. 16-22NFT-focused Animoca Brands valued at $5B following $358M raiseNFT and virtual property-focused firm Animoca Brands secured $358 million worth of funding earlier this week at a valuation of $5 billion.The company said the fresh funds will go towards financing

Decentralized finance, known as DeFi, is a new use of blockchain technology that is growing rapidly, with over $237 billion in value locked up in DeFi projects as of January 2022. Regulators are aware of this phenomenon and are beginning to act to regulate it. In this article, we briefly review the fundamentals and risks of DeFi before presenting the regulatory context.DeFi is a set of alternative

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.Following a bearish decline for many of the leading decentralized finance (DeFi) tokens, it is within the fundamental news where the optimism for growth and prosperity lies. Read on to hear about the most impactful DeFi stories of the last seven days.Secret Network offers $400M community fund scheme 1inch Network e

A group of people who have claimed they refuse to take any of the COVID-19 vaccines — at a time when the number of cases around the world is at an all-time high — is reportedly looking for a cryptocurrency expert to join them in Africa.According to a Friday report from Vice, the group of anti-vaxxers is building a “community” off the coast of southeastern Africa and plans to hire private c

Self-investment by businesses is not new and has long been a standard tool for price stabilization (or inflation) in the traditional financial market.Binance, Nexo and others are among the projects that have carried out buybacks. Nexo's buyback, for example, was motivated by the core development team's conviction in the asset's significant undervaluation. As a result, they decided to decrease the

Bitecoin ($BITC): Price Updates, Recent Developments, Future Events, CommunityWithin a week of its launch, Bitecoin has become one of the most talked about projects, gaining 85,000,000% in a week.Bitecoin is a BSC-based rebase project that rewards its $BITC holders with 2% bitcoin.The project has already been listed on PancakeSwap, CoinMarketCap, and CoinGecko.Bitecoin has revealed plans to launch

Though the likes of Bored Apes and Pudgy Penguins take the headlines, and the potential for decentralized finance (DeFi) and play-to-earn gaming is undeniably grand and exciting, the marketing potential for nonfungible tokens (NFTs) deserves equal attention. It boils down to this: With NFTs, virtually anything can be gamified to promote desired marketing outcomes.Gamification — defined by Gabe Z

Crypto Jobs on the Rise: the Most In-Demand and Crazy Jobs Out ThereIf your job title includes the magic world “crypto,” your personal profile should definitely be among the most wanted on LinkedIn. Probably you’ve noticed that already.Crypto Hiring Has SurgedThe crypto space is booming and so is the global demand for cryptocurrency and blockchain-savvy employees, says the world’s largest

. Bitcoin (BTC) refused to stem recent losses during Jan. 22 as predictions of a flight to $33,000 and lower looked increasingly likely to become a reality.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView.Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it fell through $35,000 during the first half of Saturday.Bitcoin futures funding rates chart (Binance).

. Bitcoin (BTC) has dumped below 40,000, wiping out almost $50 billion from the crypto market cap. Even without any particular news to blame, Crypto Twitter (NYSE:TWTR) still won’t let the dump slide without reacting in its own colorful ways.Lark Davis, a crypto figure with almost a million Twitter followers asked his audience: “Are you buying anything on this dip? Or waiting for clarit

Bitcoin (BTC) took more than just a beating in the markets. The orange coin got the cold shoulder as Turkish President Recep Tayyip Erdoğan welcomed his Salvadoran peer Nayib Bukele in the capital of Turkey to talk about a number of topics. While Bitcoin failed to be a talking point, it did not stop the Twitter (NYSE:TWTR) rumor mill from going into overdrive. As part of the state visit, Bukele a

Ethereum Falls 15% In Ethereum was trading at $2,431.45 by 06:37 (11:37 GMT) on the Index on Saturday, down 14.62% on the day. It was the largest one-day percentage loss since June 21, 2021.The move downwards pushed Ethereum's market cap down to $291.21B, or 18.08% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.Ethereum had traded in a range of $2,31

The first computer games were developed in the late 20th century with the sole purpose of entertaining their audience. One of the first goals was to distract players from their routine work and provide them access to a fantasy world. Very soon, games began to compete for users' time against traditional forms of entertainment, such as movies, circuses, theater performances, zoos, etc.Planet Earth e

New research suggests that during the height of COVID-19, the number of people searching for a furry friend to keep them company hit new highs — not only physically but also in the metaverse. The question is, Are tokenized pets here to stay or are they a pandemic fad?

The Uniswap decentralized exchange (DEX) is the most popular DEX built on the Ethereum blockchain. For users wondering, "What is Uniswap?," this article provides an overview of what it is and how it works as well as several ways users can get started using the Uniswap DEX.With Uniswap, users can swap crypto tokens without having to rely on an intermediary. Not having to rely on a third party leads

Elon Musk slams Twitter for rolling out NFT featureTesla (NASDAQ:TSLA) CEO Elon Musk is not buying Twitter’s new NFT integration feature. Musk, in a Friday morning tweet, slammed the social media giant for allocating engineering resources towards NFT integration while doing little to tackle spam activity on its platform.Twitter (NYSE:TWTR) is spending engineering resources on this bs while crypt

TIME Magazine to Allow Users to Connect ETH Wallets and Buy Exclusive NFTsThe almost century old U.S. based TIME magazine has become quite fond of crypto, and is now set to allow readers to connect their Ethereum wallets in order to purchase TIMEPieces – unique NFTs created by the TIME community.TIME’s current NFT drop ‘Long Neckie Women,’ by 12-year old digital artist Nyla Hayes, features

. The Central American country of El Salvador has added 410 Bitcoin (BTC) to its central reserve as BTC prices trade below $37,000, a price last seen on July 26th, 2021. The fresh addition to El Salvador’s BTC reserve was announced by President Nayib Bukele, who confirmed that the purchase of 410 BTC was made against $15 million, placing the price at approximately $36,585 per BTC.Bitcoin

. Bitcoin (BTC) may have tanked to six-month lows this week, but under the hood, the network is now verifiably stronger than ever.Data from on-chain monitoring resources including Glassnode and confirms that as of Friday, the Bitcoin network difficulty is at a new all-time high.Bitcoin hash rate for week beginning Jan. 17 (screenshot). Source: MiningPoolStatsCoin Telegr

. Business intelligence firm MicroStrategy reportedly acted contrary to the Securities and Exchange Commission’s accounting practices for its crypto purchases.According to a report, a comment letter from the SEC released Thursday showed the regulatory body objected to MicroStrategy reporting information related to its Bitcoin (BTC) purchases based on non-GAAP, or Generally Accep

. Many crypto enthusiasts turned to social media on Friday to voice their frustrations with the state of the crypto market. One Reddit user named imyourkingg allegedly invested 30% of his net worth into Bitcoin (BTC) a few months ago, saying:Crypto's decentralized nature means there are no circuit breakers equivalent to the ones that exist on traditional stock exchanges. The resulting bull/

Yes, smart contracts can be destroyed using the selfdestruct function.Ethereum smart contracts provide a selfdestruct function that allows them to destroy a contract on the blockchain system. It is, however, a two-edged sword for developers. On the one hand, the selfdestruct function allows developers to delete smart contracts from Ethereum and transfer Ether in the event of an emergency, such as

Blockchain-based play-to-earn (P2E) gaming had a breakout year in 2021, and as the cryptocurrency ecosystem evolves in 2022, the P2E gaming sector and those that invest in it will need to consider what the next steps are. During bull markets, vaporware, speculation and euphoria can lead to unrealistic valuations and expectations, and this appears to also have impacted the P2E sector.Now that the h

Attracting liquidity has become a de facto arms race in the growing decentralized finance (DeFi) landscape. Projects constantly battle to attract investors’ funds by offering enticing yields for crypto holders willing to take a risk and lock up their assets, and protocols use these funds to build out their products and attract attention from larger investors. One protocol that has been gaining t