Category: Cryptocurrency News

The BitColors team has acquired crypto media outlet BTC Peers It is the first acquisition of a media platform by an NFT collection Reaching and influencing a broader crypto audience remains crucial to chances at future success and it is interesting to see how NFT collections attempt to captivate a growing audience. Most projects focus on short-term hype to let artists and speculators capitalize on the momentum by flipping assets. Other projects take a long-term approach. I follow updates of BitColors because the collection striving to be a different type of NFT project, and it’s interesting to see how it will turn out. I also bought 3 BitColors in order to fully dive into their community and maybe benefit from holding them someday. At its core, the project lets users own and trade NFT colors, which remains anovel concept in the world of non-fungible tokens. Several projects leverage these NFT colors to add a unique aspect to their solution, whether a promising comic book, a depiction of time, Roman numerals, or a virtual collection of [rare] butterfly species. More importantly, the project is not another boring pfp avatar venture, of which there are quite a few in the NFT world today. Influencing Crypto Enthusiasts Via Media While BitColors has noted substantial success in the NFT world, continuing the move forward remains essential. The collection maintains a 215 ETH in volume traded on OpenSea to date. One way to bring a broader audience to the BitColors NFT project – and any ventures derived from these NFT colors – is by influencing crypto-enthusiasts via media. More specifically, BitColors has acquired leading crypto news media platform BTC Peers this week. As crypto media platforms capture a broad audience, they are perfect tools for projects to get their message across. Rather than paying for individual marketing campaigns, acquiring an established name in the industry is a better business decision. BTC Peers has positioned itself as a no-data-collection platform and one that foregoes pop-ups, pop-unders, and other annoying marketing techniques. All readers are treated with respect, aligning well with the overall BitColors vision. Additionally, the platform has thousands of internet resources – including Shpigel, Wikipedia, Bitcoin.com, Entrepreneur.com, Investing.com, etc – using them as a source, instilling trust in the platform and the content it provides. Closing Thoughts The NFT industry continues to grow and evolve rapidly. Building a successful art project is no longer sufficient to stand out in this competitive market. Instead, projects need to build an ecosystem and establish their branding on a global scale. Acquiring crucial resources, such as a news outlet, is one example of achieving that goal through means that would otherwise not be explored. Moreover, it paves the way for projects to get their message out in an unfiltered manner. That is a crucial difference-maker for NFT collections seeking to tug on people’s emotions and heartstrings, like BitColors.

Bent Finance proactively advised investors to withdraw funds and plans to reimburse losses “one way or another.”

Crypto took over headlines in 2021. From NFTs to the metaverse, there was no slow news day. Cryptocurrencies’ rapid growth presents an investment opportunity, not only for average individuals, but also for large corporations. Digital assets are on the rise as a result of technical advancements. More countries around the world are attempting to implement decentralized technology as payment options. You must know which cryptocurrency trends will be relevant in 2022 in order to achieve profitable investments in this market.  Crypto Trends To Watch 1. NFT are not going anywhere: In the year 2021, Non-Fungible Tokens (NFTs) were the hottest topic in the blockchain world. Artwork such as Beeple’s The First 5000 Days fetched astronomical prices, bringing the concept of unique digital tokens stored on blockchains firmly into the public mind. It’s also well established in the music industry, with bands like as Kings of Leon, Shawn Mendes, and Grimes all releasing NFTs The metaverse rocketed into public consciousness in Q4 2021 with Facebook, Microsoft, Baidu, Huawei buying into the hype. The metaverse is based on NFTs and ownership tokenization, which can link the physical and digital worlds. NFT Sales by category. Source: CryptoSlam NFT platforms such as OpenSea, games such as Axie Infinity, and artworks such as CryptoPunks now have their own team of traders, creators, and service providers. In 2021, the number of unique NFT wallets increased by over 1000 percent, a trend that is expected to continue into the new year. 2. Play-to-earn games are in great demand: Axie Infinity, Splinterlands, Decentralands and The Sandbox are examples of play-to-earn games that are steadily introducing crypto into the public and increasing access to DeFi and NFT. According to the findings from a Coinlist’s poll, the interface between DeFi and gaming will continue to gain momentum in 2022, and game-oriented platforms like as Flow and Immutable X will become more important. A new generation of gamers will be able to own in-game assets and exchange them on secondary marketplaces thanks to the blockchain. As a result, these ecosystems are projected to witness significant advancements in the coming year and to be widely appreciated. Play-to-earn users and transaction volume growth over the last few months. Source: DappRadar We may see gaming businesses enter the crypto industry via mergers and acquisitions next year. Ubisoft, a AAA gaming business, has officially revealed that in-game products would be tokenized as NFTs on the Tezos network. Related article | Metaverse versus GameFi: A New Blockchain War? 3. Smart Contract adoption expected to explode: From NFT ownership to smart-contracts, the Ethereum network is used for a wide range of applications. Due to the rapid proliferation and adoption of Ethereum-based projects, Ethereum network transactions grew dramatically in 2021. (like NFTs). We expect smart contract networks like Ethereum and Solana to continue to grow in transaction size and value in the future, as the network of players and use cases expand. Source: Messari, VanEck. 4. Bitcoin and altcoins to realize huge potential prices: Price forecasting is notoriously tough, especially when it comes to Bitcoin and other digital assets. In the current debate, targets in excess of $100,000 are rather frequent, but they are usually estimated to be at least several years away. Given recent price volatility, such a target may appear to be a stretch, but the trend toward wider use and integration supports this prediction. BTC/USD rallying close to $50k. Source: TradingView Given the strong macro tailwinds and growing inflation, it’s impossible to see a future where bitcoin falls out of favor while the rest of crypto rises. Despite the fact that bitcoin’s market share has dropped from 70% to 41% this year, Ethereum remains the sole true competitor. However, given the rising competition Ethereum faces from other L1s, it’s unlikely to see a flippening happening in 2022. El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. It’s expected that has more countries adopt Bitcoin, the value will stabilize into a rally. 5. Crypto Regulation on steroids: If 2021 was the year of talking about cryptocurrency regulation, then 2022 is likely to be the year of action. Because, if nothing else, 2021 has demonstrated that cryptocurrency isn’t going away anytime soon, which has made a number of regulators sit up and take note. While some nations may maintain a restrictive stance on cryptocurrency, commentators believe that the overall trend will be toward greater acceptance of cryptocurrency, even if it means implementing some precautions. As regulators have a better understanding of the space, more crypto bans are less likely. National cryptocurrencies, in which central banks develop their own currency that they can control rather than adopting existing decentralized ones, will also expand in 2022. Stablecoins will be regulated in various parts of the world, with the United States, the European Union, and the United Kingdom in particular working on stablecoin regulation. The Regulation on Markets in Crypto Assets (MiCA) in the EU will follow the same path as the UK. Related article | Looking Ahead: What Should EU Regulations for Cryptocurrency Sector Look Like? Featured image from Pixabay, charts from DappRadar, Messari, and TradingView

For example, with the demand for POLYGON and LOOPRING rising, will it help increase the demand and price of Ethereum? submitted by /u/RoyalChamp2222 [link] [comments]

I just watched a YouTube video of a crypto youtuber talking about how SHIBA will reach $1 in 2022. I didn't watch the video because its obviously bs but I went to the comments to see some cringey comments of people saying it will reach their goal I skimmed through a bit of the video…
Read more

I just tried to swap some WBTC to ETH and it took fees but the swap didn't seem to work. I also tried via 1inch to swap WBTC to USDT and same thing. Am i missing anything>? Example: https://etherscan.io/tx/0xa92d84f93014776fdcc1ab8ab9fac286fe4f2666d2dcdf93769ed66da2338212 submitted by /u/yjoodhisty [link] [comments]

I haven't been part of the crypto community for a long time. This event really pisses me off and makes me think of the benefit of crypto. 141 / 3200 = 4.5%. I haven't much experience with Paypal and international transfer, is 4.5% too much or normal? Personally, I found it too high. And reason…
Read more

The digital asset xrp has gained more than 10% in value during the last seven days, shrugging off the losses a majority of crypto coins experienced last week. According to data from Whale Alert, someone moved 449.3 million xrp on December 19. Moreover, xrp holders are expecting to receive an airdrop from a project called […]

On December 15, 2021, CoinEx and its Philippine partners cohosted a “Meet the CoinEx Team” meet-up to celebrate the exchange’s 4th anniversary, which attracted many local users. At the meet-up, our Philippine partners Dell Omasas first introduced CoinEx’s CEO, Haipo Yang, to local users, which helped them gain a full picture of the founder of the exchange.   They also played a commemorative video made for CoinEx’s 4th anniversary, which illustrated CoinEx’s original goals and the story behind its establishment. It told users all about the four-year journey of CoinEx, with a big thank-you to all partners and users. Although they are a thousand miles apart, the video brought users closer to CoinEx and encouraged them to place greater trust in the exchange. To give back to users, the event arranged three rounds of Quiz and Lottery and prepared surprise gifts in celebration of the 4th anniversary for the winners. At the meet-up, CoinEx’s Philippine partners also helped users learn more about CoinEx through Q&A sessions. Through this face-to-face meet-up, the gap between users and CoinEx was narrowed, and both local users and the exchange learned more about each other. The celebration showed the partners Dell Omasas’s recognition and passion for CoinEx in every detail. It also proved how much the exchange values and appreciates its partners and users in the Philippines. Apart from the meet-up in the Philippines, you will also be seeing more fascinating offline events hosted by CoinEx in December. For instance, the “Love Storm” Charitable Program will be held in Nigeria on December 20, and the meet-up at Minneapolis MOA, US will take place on December 21. CoinEx’s global presence is inseparable from the support and trust of partners and loyal users. Targeting the local market environment and user demands, CoinEx will recruit more partners for its localization in the Philippines and conduct more refined, market-specific operations and promotions. In the future, CoinEx will keep offering more user-friendly, more stable trading environments and services to its Philippine users in a world full of both opportunities and challenges. We look forward to meeting more users in the Philippines. Twitter : https://twitter.com/coinexcom  

The Russian regulator believes that residents of Russia have the right to buy and store digital assets, but not with the help of the domestic financial infrastructure. So there won't be any ban and this is actually bullish news towards acceptance of cryptocurrency buy governments and institutions. The Bank of Russia will soon publish a…
Read more