Category: Cryptocurrency News

During December, highly scalable blockchain Near and its underlying asset has experienced an important rally. Coming in hot from a monthly low at around $6, the NEAR token currently trades at $15,37, close to its all-time high north of the $16 mark. In the past 7-days, according to data from Coingecko, NEAR has record a 71.5% rally and an 87.4% increase in the last 30 days. The team behind the protocol has been announcing improvements and partnerships that have contributed with this token’s trend to the upside. Related Reading | LUNA Hits ATH After Astroport’s Deployment, Why Terra Could Continue Growing In 2022 Terra’s UST stablecoin integration with NEAR and the Aurora ecosystem has been a highly expected event by users. Per an official post, the integration was facilitated by a partnership with NearPad, an Aurora DeFi gateway, and Rose, a liquidity and stableswap borrowing protocol running on the same ecosystem. The team behind NEAR believes the partners will be able to strengthen the Terra ecosystem and stablecoin UST as they become more adopted on Aurora. In that sense, users will have several new use cases that will be able to leverage including moving assets from Aurora to Terra or any other compatible blockchain. Users will be incentive to participate and to provide UST liquidity on the aforementioned ecosystems. Aiden Knox, founder of NearPad and Rose claimed the following on this integration: Partnering with Terra to bring UST to ecosystem to our community will be a big step towards growing the Near and Aurora ecosystem. I’m excited to be working closely with the Terra team to not only bring UST to NearPad and Rose, but also for the deeper integrations and collaborative projects this partnership enables. NEAR To Support One Of The Fastest Growing Stablecoins The Near protocol has been working on its interoperable capabilities as the project aims to support a “multi-chain future”. In that way, users will be the most benefits as more use cases, and applications become accessible, and they can reach any asset or projects in different networks. Co-Founder of NEAR Illia Polosukhin said: NEAR has been built for simplicity, security and scalability. Stablecoins like UST provide a simple interface to store value and interact with apps which need to use a stable unit of account. Recently, the Terra ecosystem implemented several major upgrades on the mainnet with provides it with interoperability, and a burning mechanism for its underlying asset, LUNA. As NewsBTC reported, this network has taken the crypto industry by storm. Related Reading | Terra Begins LUNA Burning, Why It Could Target $140 In addition, Do Kwon, one of Terra’s founders, recently celebrated the expansion in UST as the stablecoin reached a $10 billion market cap. Thus, it has become the largest decentralized stablecoin which demonstrates, according to Kwon, that “there is no more doubt in the product market fit”. Congrats to @terra_money on reaching $10bn outstanding. Amazing achievement, but will seem small compared to what will be accomplished in the coming years. Long live decentralized stablecoins. Long live @terra_money. https://t.co/3Uz2ZYFAWz — Peter Johnson (@TheChicagoVC) December 26, 2021

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I have some ETH in my Coinbase Wallet that I wish to buy 0xBTC for, but I have to pay the equivalent of 100$ in gas fee to buy 500$ worth of 0xBTC… Am I doing something wrong or misunderstanding something? To me it seems a bit unfair to pay 1/5 in fees. submitted…
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2021 was huge for the crypto ecosystem, and there’s a good chance many of you reading this probably saw big gains during the year. If this is you, then congratulations! However, if you were actively buying and selling and not passively holding, there’s a good chance that you probably have an insane tax bill to…
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submitted by /u/michaeldave25 [link] [comments]

Bitcoin and most major altcoins have risen from their respective support levels, indicating an improving sentiment.

2021 has been an extraordinary year for the crypto industry, with the total market capitalization breaking new record highs and the ecosystem evolving. To celebrate its fourth birthday by the end of 2021, CoinEx held a Twitter Spaces event “Recap of 2021’s Crypto Mania” on December 23. CoinEx researcher Molly, Solster CEO Darshit, GamicGuild co-founder Ukeme Okuku, and popular blockchain YouTubers My Financial Friend, Crypto Shrek, and Flozin were brought together to talk about hot topics in the crypto world over the past year. The chat started with the most impressive event in the crypto industry in 2021. Molly indicated that out-of-imagination meme-coins impressed her the most out of such amazing things like Layer 2, MEME, GameFi, the metaverse, and the DAO. For Flozin, NFT was the biggest surprise as it has greatly shaped the art world and the game industry. The next topic is which crypto category has the best future development. Both My Financial Friend and Flozin recognized the potential of the metaverse, while Crypto Shrek suggested that more attention should be paid to Fi systems, including GameFi, SocialFi, etc. Molly added that the metaverse and Web 3.0 should be focused on in the long run, and as primary blockchain technology develops, cross-chain solutions will see a brighter future. The last topic is what users care about the most: Is the bull market still there? Molly said that the market was hard to predict in the short term. But many professional investment institutions have joined in the business, and the intrinsic value of the crypto market has increased significantly compared to 2017. Darshit believed that the market would be on the uptrend in the long run, despite some obstacles. Both Flozin and Crypto Shrek were optimistic about the market too. The Twitter Spaces event ended in success after a heated discussion. Seeing countless ups and downs in the past four years, CoinEx has always stood firm in the crypto industry to bring the best products and services to crypto investors. Following the session, CoinEx has a series of fourth-anniversary events and surprises for all. We hope that 2022 will be fruitful for every investor growing with CoinEx.

The year past saw some fundamental transformations in the relationship between state power and the digital asset space.