Today at Chaintalk News

December 2, 2021

Week in Crypto: Ghosn’s Crypto Escape, Beijing’s Blueprint to Blockchain Hub

By ChainTalk TV

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Bitcoin Shows Bearish Signs, Risk of Breakdown Below $56K

Bitcoin failed again to clear the $58,500 resistance against the US Dollar. BTC is declining and it might accelerate lower below the $56,000 support in the near term. Bitcoin is struggling to move above the $58,000 and $58,500 levels. The price is just trading above $57,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $57,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if there is a clear break below the $56,000 support zone. Bitcoin Price is Struggling Bitcoin price failed to gain pace above the $58,500 resistance zone. BTC is slowly moving lower from the last swing high at $58,890. There was a break below the $58,000 level. The price traded below the 23.6% Fib retracement level of the upward move from the $53,300 swing low to $58,890 high. Besides, there was a break below a key bullish trend line with support near $57,200 on the hourly chart of the BTC/USD pair. Bitcoin is now just trading above $57,000 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $57,500 level. The first major resistance is near the $58,000 level. Source: BTCUSD on TradingView.com The main resistance is still near the $58,500 level. A clear break above the $58,500 resistance zone could open the doors for more upsides. The next key resistance is near the $60,000 level, above which the price could ...
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cointelegraph

Jury in Craig Wright lawsuit 'cannot all agree on a verdict'

The court battle over 1.1 million Bitcoin is at a standstill as the jury in the case has been deadlocked for days.

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Jury in Craig Wright lawsuit 'cannot all agree on a verdict'

The court battle over 1.1 million Bitcoin is at a standstill as the jury in the case has been deadlocked for days.
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Robinhood Stock Price Down 31% In the Past Month, Should’ve Listed Shiba Inu

Robinhood price is plummeting today, down 7% in the past 24 hours and down over 31% in the past 30 days. In addition, Robinhood continues to have problems with its platform citing crypto trading issues. Why Is HOOD Price Dropping? is Robinhood a good investment for 2022? Let’s find out. What Is Robinhood? Founded in […]The post Robinhood Stock Price Down 31% In the Past Month, Should’ve Listed Shiba Inu appeared first on NullTX.
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How The Bitcoin Market Reacted To Federal Reserve Comments On Ongoing Inflation

The bitcoin market reacted to comments by Federal Reserve Chairman Jerome Powell about the rising risk of persistently high inflation.
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Bank of America: The Metaverse Is a Massive Opportunity for The Crypto Industry

Haim Israel is keen on the metaverse and thinks it will boost the cryptocurrency universe to another level.
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Polygon: The One Crypto Investment Now For Current Crypto Bears

If you want a real crypto ‘pop’, look past the majors of Bitcoin and Ethereum and focus on the smaller tokens.In the current market, I’m only trading ‘screaming buys’ that I feel comfortable Hodling if a crash does materialise.Polygon network is a blockchain solution taking advantage of Ethereum’s overload; it’s seeing rapid adoption.
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Silk Road Founder Ross Ulbricht to Launch NFT Collection on Ethereum

The sale of the collection will act as a fundraiser for both prisoner support and Ulbricht's freedom efforts.
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Ethereum Outlook 2022: Bullish With Upside From Ecosystem Momentum

Ethereum has climbed over 500% in 2021 significantly outperforming Bitcoin.The attraction is the ecosystem of applications across DeFi and NFTs on the blockchain that support a positive long-term outlook.We are bullish with ETH gaining momentum approaching $5,000 and already breaking out as an exchange rate against BTC.
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Bank of America Sees Massive Opportunity in Metaverse for Entire Crypto Ecosystem

Bank of America’s strategist says that the metaverse is a massive opportunity where cryptocurrencies will be widely used as currencies. “I definitely believe this is a massive, massive opportunity,” he said. Bank of America’s Metaverse Prediction Bank of America’s strategist, Haim Israel, told the Insider Tuesday that the metaverse is a massive opportunity for blockchain […]
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After $98k in November doesn’t materialize, PlanB discusses ‘first miss’

PlanB, the pseudonymous creator of the Bitcoin stock-to-flow model has been in the spotlight for the past few days. This was due to it becoming increasingly clear that Bitcoin wasn’t going to meet its November target of $98,000. In fact, at press time, the king coin was flaunting a price of $57,300.91. However, a number of […]
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cointelegraph

NFT drop causes glitch in The Matrix, FTX.US adds Ethereum NFTs, token Baby Sharks...

The creators of the widely popular Baby Shark song are launching NFTs this week, FTX.US has expanded NFT support to Ethereum and more than 300,000 people are waiting for Matrix NFTs.

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NFT drop causes glitch in The Matrix, FTX.US adds Ethereum NFTs, token Baby Sharks...

The creators of the widely popular Baby Shark song are launching NFTs this week, FTX.US has expanded NFT support to Ethereum and more than 300,000 people are waiting for Matrix NFTs.
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Bitcoin's Next Rally Is Imminent

BTC has consolidated nicely after its most recent record run.I see this level in the mid-$50k area holding and providing the springboard for the next leg of the rally.The regulatory environment also continues to improve, and that's very bullish longer term.
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Facebook (Meta) Removes It’s Ban Of Crypto Ads

Crypto advertising on social media has been a hot topic throughout the year. We’ve covered much of the back and forth both at Bitcoinist and over at our sister network NewsBTC over the years. A prime example of this occurred in recent months Google shifted their cryptocurrency ad policy, in what seemed to show a […]
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Discussing Bitcoin Businesses And Bitcoin Entrepreneurship

Two Bitcoin experts speak about their experiences building Bitcoin related companies.
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How Thai Crypto Unicorn Bitkub Plans to Become the Coinbase of Asia

Thailand startup Bitkub Capital Group Holdings, founded in 2018, hit unicorn status last month notching up a valuation of over $1 billion. Now the crypto exchange intends to expand over Malaysia, the Philippines, and Laos, aiming to become “the Coinbase of Southeast Asia”, said the chief executive officer Jirayut Srupsrisopa. The Bangkok-based crypto exchange is aiming for huge growth during 2022 as it looks for the possibilities for partnership in Southeast Asia and setting up its own units, Bloomberg reported. Part of the strategy focuses on monopolizing in countries that lack bigger players, which opens the doors to dominate the field. Our strategy is to expand in countries that have no clear winners yet and are under-banked, with high social media usage and the potential to use cryptocurrency for remittances, … The expansion will be achieved either through new ventures or acquisitions. The goal is to become the Coinbase of Southeast Asia. The American company Coinbase Global Inc. is a crypto assets marketplace, and its technology provides a way to build crypto-based applications, among other services. It says on the Coinbase website that they roughly have “73 million verified users, 10,000 institutions, and 185,000 ecosystem partners in over 100 countries trust Coinbase to easily and securely invest, spend, save, earn, and use crypto.” Related Reading | Coinbase Will Invest 10% Of Its Profits I...
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Vladimir Putin: The Risks Related to Cryptocurrencies Are Very High (Report)

President Putin thinks digital assets are a dangerous investment solution, but they might represent the future.
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Jack Dorsey’s Square Has Been Renamed “Block”

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The problem with the way regulators interpret financial privacy

In a recent announcement by the SEC, the regulator had noted that it has filed 434 enforcement actions in FY21, in the areas of crypto, DeFi, and dark web. While regulatory actions have grown stringent globally, India recently refuted rumors of a private crypto ban. In a recent interview, Crypto Connect founder and lawyer Hailey Lennon […]
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cointelegraph

This simple Bitcoin options strategy lets traders profit while also hedging their bets

Not sure which way BTC price might go? Here’s how pro traders use the "iron condor" options strategy to place carefully hedged bets.

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This simple Bitcoin options strategy lets traders profit while also hedging their bets

Not sure which way BTC price might go? Here’s how pro traders use the Iron Condor options strategy to place carefully hedged bets.
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Bitwise Releases DeFi Outlook: Markets Wrap

Bitwise predicts Amazon-like disruption from DeFi over the coming decade, Coinbase Cloud aims to be the AWS of digital asset infrastructure.The post Bitwise Releases DeFi Outlook: Markets Wrap appeared first on Blockworks.
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Facebook Eases Crypto Ad Policies

On Wednesday, Facebook made a U-turn on its long-standing policy against running crypto-related ads on its platform. This move sees the tech giant updating the number of regulatory licenses it accepts, from 3 to a whopping 27. Facebook Publicizes Acceptable Licenses For The First Time Meanwhile, for the first time ever, Facebook has now put The post Facebook Eases Crypto Ad Policies appeared first on Coingape.
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Crypto Analyst Nicholas Merten Makes Massive Ethereum Prediction for End of Bull Cycle – Here’s His Target

Prominent crypto analyst Nicholas Merten says that top smart contract platform Ethereum (ETH) may grow another 325% before the current bull cycle comes to an end. In a new strategy session, the host of DataDash tells his 458,000 YouTube subscribers what he thinks it will take for Ethereum to eventually smash the $20,000 level. “If […]The post Crypto Analyst Nicholas Merten Makes Massive Ethereum Prediction for End of Bull Cycle – Here’s His Target appeared first on The Daily Hodl.
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Shiba Inu Grows 33% In One Day As Whales Load Up On SHIB

Shiba Inu has been on the rebound since this week opened up for trading. The meme coin had not had the best of weeks as it had dipped to the $0.00003 range following the market crash. The dips have caused some to panic and question the viability of the cryptocurrency going forward. However, it has […]
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Indonesia’s Central Bank Considers Issuing Digital Currency to ‘Fight’ Crypto

Bank Indonesia, the country’s central bank, is reportedly considering issuing a central bank digital currency (CBDC) to fight the use of cryptocurrency. “A CBDC would be one of the tools to fight crypto. We assume that people would find CBDC more credible than crypto,” said an assistant governor of the central bank. Central Bank Sees […]
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Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions

Mainstream analysts have criticized El Salvador’s budget plans for 2022 and its bitcoin (BTC) bond ambitions – and a media outlet has pointed out that international ratings agencies are now lining up to take aim at the nation’s President Nayib Bukele and his adoption plans....Read More: Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions
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Jack Dorsey’s Square to Change its Name to Block

The change takes effect on Dec. 10.The post Jack Dorsey’s Square to Change its Name to Block appeared first on Blockworks.
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Greenidge Generation's existing Title V permit is not suspended

Greenidge Generation's (NASDAQ:GREE) existing permit has not been suspended or changed in any way, the company says with regards to the pending application of its subsidiary to renew its permit in New York. Shares of GREE slide 1.6% in after-hours trading. "Our existing Title V permit remains fully in effect and our operation in Dresden continues without interruption." Keep in mind that any reference in the New York State Department of Environmental Conservation database to the company's application status being "suspended" is a designation on the NYSDEC website, meaning the public comment period isn't over yet. In mid-November, Greenidge Generation named a new finance chief.
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Metaverse Land Sales on Ethereum, Solana Top $100 Million in One Week

Most of the cash invested in metaverse land is being spent on Ethereum-based projects—but investors are increasingly looking at Solana as well.
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Bitcoin Miner Riot Blockchain Buys Electrical Supplier ESS Metron For $50 Million

The electrical equipment provider is key to Riot’s bitcoin mining operations and will enable timely installation of miners after the transaction.
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Jack Dorsey Is Now Focused On ‘Making Bitcoin More Than An Investment’

The billionaire’s bitcoin funding initiative Square Crypto has rebranded to Spiral and is aimed at “making bitcoin the planet’s preferred currency.”
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Bitcoin Futures Trading Rises on CME as FTX US, Crypto.com Prepare to Enter Market

As the U.S. market for Bitcoin derivatives grows, Crypto.com, FTX, and Coinbase are all jockeying to give CME a run for its money.
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COC#7: The Bitcoin Market Hangs Between Hope And Fear

How the Mt. Gox rehab plan and Omicron emergence act as a sword of Damocles above otherwise splendid on-chain supply dynamics.
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cointelegraph

BREAKING: Square rebrands to Block as focus shifts to blockchain

“Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy," said Jack Dorsey.

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BREAKING: Square rebrands to Block as focus shifts to blockchain

“Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy," said Jack Dorsey.
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Crypto Exchange FTX Launches New Ethereum-Based NFT Marketplace

Crypto exchange giant FTX is adding Ethereum-based non-fungible tokens (NFTs) to its arsenal of digital assets. The company tells its 330,000 Twitter followers that the Ethereum-based NFT marketplace is up and running, just two months after the launch of its Solana-based NFT platform. “We’re excited to expand our NFT marketplace, allowing users to buy, sell, […]The post Crypto Exchange FTX Launches New Ethereum-Based NFT Marketplace appeared first on The Daily Hodl.
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Crypto Companies in India Seek New Marketing Outlets

Crypto brands in India are trying to find ways in which they can advertise themselves. Many of them are now turning to gaming sites, general entertainment channels (GEC), and news platforms to get the word out on their operations. India and Crypto Haven’t Always Worked Together India has been a very up-and-down country when it...The post Crypto Companies in India Seek New Marketing Outlets appeared first on Live Bitcoin News.
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Crypto CEOs Will Testify Before U.S. House Panel

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Square changes its name to ‘Block’ as part of broader push into crypto

The name change stems from the firm’s desire to become more deeply embrace decentralized and blockchain technology.The post Square changes its name to ‘Block’ as part of broader push into crypto appeared first on The Block.
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cointelegraph

Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high

Strong fundamentals and the steady growth of the Polygon network are just a few of the factors behind MATIC’s recent rally above $2.00.

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Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high

Strong fundamentals and the steady growth of the Polygon network are just a few of the factors behind MATIC’s recent rally above $2.00.
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Facebook Reverses Crypto Ad Ban Following Metaverse, NFT Push

Let the crypto shilling begin!
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Biden is considering law professor, Fed president, and former CFPB director to fill 3 seats on Federal Reserve: report

Fed governor Randal Quarles resigned his position effective as of the end of December, while Richard Clarida is expected to leave in January 2022, leaving three vacancies in the group of seven serving at the Federal Reserve.
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cointelegraph

Biden is considering law professor, Fed president, and former CFPB director to fill 3 seats on Federal Reserve: Report

Fed governor Randal Quarles resigned his position effective as of the end of December, while Richard Clarida is expected to leave in January 2022, leaving three vacancies in the group of seven serving at the Federal Reserve.

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Former CTFT Chairman: Let Markets Decide Bitcoin’s Value

Christopher Giancarlo believes there are issues with the current approach to digital asset industry oversight.The post Former CTFT Chairman: Let Markets Decide Bitcoin’s Value appeared first on Blockworks.
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Jack Dorsey-led Square Changes Company Name to Block

Square Crypto will be renamed Spiral.
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Meta has made it easier to run crypto-related ads on its platform

Meta is focusing on whether a business has one of the 27 approved licenses before permitting the business to advertise on its platform.The post Meta has made it easier to run crypto-related ads on its platform appeared first on The Block.
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Meta Expands Avenues For Running Crypto Ads On Facebook

After rebranding from “Facebook,” Meta will now expand the range of cryptocurrency ads eligible on their platform.
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Research shows striking difference between public and private crypto companies

Crypto traders might have easily surmised that companies like Binance and Coinbase are doing well. Yet, the pertinent question is just how well. A report by Arcane Research revealed some towering estimates, as well as showed how both public and private companies are flourishing. Respect privacy Comparing public and private companies, Arcane Research reported that a […]
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Why Investors are Paying Millions for Virtual Land in the Metaverse

Digital property sales are notching never-before-seen highs as investors pile millions of dollars into real estate in the metaverse.The post Why Investors are Paying Millions for Virtual Land in the Metaverse appeared first on Blockworks.
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What Happened To ADA Price? Is Nothing Been Built On Cardano?

The post What Happened To ADA Price? Is Nothing Been Built On Cardano? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe crypto space is preparing to leap long after the recent sell-offs and if following a steady approach to pull the next leg up. However, one such crypto which appears to be pretty happy and contented at its current levels is Cardano. The ADA price after a steep downfall has yet again initiated with consolidation …
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SEC Chairman Gary Gensler: Bitcoin Competes With The U.S. Banking System

Gary Gensler said on Wednesday that Bitcoin was created “as a reaction” to the U.S. monetary system and its worldwide consensus.
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Ethereum-Based Altcoin Erupts 280% in Just Seven Days After Announcing New Gaming Partnership

An altcoin that specializes in financial services is surging after forging a new partnership with one of the hottest metaverse games. The price of Request Network’s native token REQ exploded 280% to the upside as news spread that popular virtual world The Sandbox (SAND) had started using Request’s basket of accounting services. The altcoin rose […]The post Ethereum-Based Altcoin Erupts 280% in Just Seven Days After Announcing New Gaming Partnership appeared first on The Daily Hodl.
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$7.5 Million NFT Collection Accused of Using Art Without Permission Threatened by Legal Action

While non-fungible token (NFT) assets have been extremely popular in 2021, there’s been a slew of issues tied to the ecosystem as well. A recent report indicates that roughly a dozen artists are considering taking legal action against an NFT collection called “Art Wars” because their original artwork was sold as NFTs without their consent. […]
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cointelegraph

Price analysis 12/1: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB

Bitcoin continues to encounter resistance near $60,000, but this hasn’t stopped altcoins from advancing on their previous all-time highs.

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cointelegraph

House committee announces crypto CEOs will testify at Dec. 8 hearing on digital assets

The hearing, "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States," is the latest from Congress to explore the issues concerning crypto assets.

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cointelegraph

'Crypto Critic' — Hollywood insider has a message for celebrities who shill token projects

According to Ben McKenzie, blockchain technology may still play an important role in the future of finance, but “rich and famous people pushing these products" haven’t yet earned the trust of investors.

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cointelegraph

SafePal, Bifrost and Request Network soar after Bitcoin price hits $59K

BTC’s push toward $60,000, new cross-chain features and a sharp increase in user activity boosted SFP, BFC and REQ price.

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cointelegraph

BREAKING: Meta expands crypto advertisement eligibility on Facebook

The company said it will allow many more crypto and blockchain advertisements on Facebook and Instagram due to expanded eligibility terms.

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cointelegraph

Grubhub users can earn BTC rewards for food delivery as part of Lolli partnership

“Food delivery is a ritual for many and Bitcoin rewards makes Bitcoin a part of that ritual," said Lolli co-founder and CEO Alex Adelman.

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cointelegraph

ZCash surges 7% after Digital Currency Group CEO announces $85M purchase

The price of ZEC surged to $243.84 following Silbert’s announcement but has still fallen more than 20% since reaching a six-month high of more than $300 on Thursday.

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cointelegraph

Cointelegraph Consulting: Gaming tokens usher in altcoin season

Gaming tokens are preceding an altcoin season with substantial rallies as the DeFi sector posts losses against Bitcoin.

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cointelegraph

Bitcoin surges into US open as forecast points to attack on $60K

A familiar scene as U.S. trading begins sees BTC price action head for formidable resistance at $60,000 and beyond.

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cointelegraph

IDEX to launch hybrid liquidity decentralized exchange on Polygon

The platform seeks to provide solutions to drawbacks on traditional DEX platforms, most notably front-running and slippages.

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cointelegraph

Wear-to-earn NFTs target the billion-dollar fashion industry

Here's how “wear-to-earn” NFTs will impact the fashion sector and what may happen if they become a trend.

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cointelegraph

Croatia’s largest supermarket chain now accepts crypto

While it now accepts crypto online, Konzum plans to expand the new payment option to its physical chain stores soon.

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cointelegraph

1inch Network concludes $175M Series B led by Amber Group

The funding round had backing from some of crypto’s biggest venture funds, which continue to bet big on the future of DeFi.

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cointelegraph

Blockchain security firm CertiK approaches unicorn status following $80M raise

As cryptocurrency markets and DeFi become more lucrative, blockchain companies have recognized a growing need for security.

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cointelegraph

Blockchain.com acquires SeSocio to cement presence in Latin America

One hundred SeSocio’s employees will join Blockchain.com, immediately bringing its global headcount to 400 people.

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cointelegraph

Fidelity Canada reportedly launching spot Bitcoin ETF

Fidelity Canada has launched a Bitcoin exchange-traded fund that will allow investors to buy and sell real Bitcoin rather than derivatives.

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cointelegraph

China’s central bank proposes to monitor metaverse and NFTs

The metaverse and NFTs are in the crosshairs of the People’s Bank of China, which wants to track them with Anti-Money Laundering tools.

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cointelegraph

Online electronics shop Newegg to accept Shiba Inu crypto during holidays

Newegg was one of the first online American retailers to accept crypto, starting with Bitcoin and eventually Dogecoin.

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cointelegraph

Bitcoin fails ‘worst-case scenario’ monthly close for the first time, starts December sub-$57K

PlanB’s floor model misses its target in a historic first as fresh bear pressure mounts for Bitcoin price action.

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cointelegraph

Crypto.com to acquire two US exchanges for derivatives and futures offerings

Crypto.com aims to offer derivatives and futures products to its U.S. customers by acquiring Nadex and the Small Exchange.

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cointelegraph

NFT game Guild of Guardians raises $5.3M, token sale oversubscribed 82x

The play-to-earn game’s soft launch is planned for Q1 2022, with 400,000 users already pre-registered.

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cointelegraph

Imprisoned Silk Road founder causes a stir with NFT drop

Those who support him hope he raises enough money to fulfill his personal and charitable needs, while others think he shouldn’t be selling NFTs at all.

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cointelegraph

Meta's head of crypto to step down at end of year

In explaining his decision to leave Meta, David Marcus said that his entrepreneurial DNA had been nudging him “for too many mornings in a row to continue ignoring.”

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cointelegraph

Borderless Capital launches half billion dollar fund for Algorand projects

Borderless Capital is looking to use its $500 million fund to back projects powering the “next generation” of decentralized projects on the Algorand blockchain.

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