How Crypto Empowered Porn Creators In 2021: Less Cant More Freedom

The crypto industry saw the opportunity of a lifetime this year when OnlyFans, a platform known mostly for its adult content, announced it would ban sexually explicit content. The crypto and porn industry together represents a very profitable merge that has just started to happen.

The world of payment methods has a history of hypocrisy, control, and morals, and it tends to not support anything related to sex work.

Reportedly, earlier in the year OnlyFans had decided to shut down all sexually explicit content because of pressure from banks and payment processors. There was a huge backlash and the ban stopped days after its announcement, alleging that the platform had “secured assurances necessary” from the banks.

The platform’s founder and chief executive told Time that banks were refusing to process adult content-related payments.

“OnlyFans stands for inclusion”, they said, but they had been trying to distance themselves from the porn industry, interested in launching a streaming service –which doesn’t allow adult content.

Payment methods have been a burden for porn creators worldwide for years. Their gains are often subject to frozen funds, huge losses, and since there’s not much protection and support offered for sex workers, they need to be extra careful to not become subject to scams and other dangers.

So anonymity and safe digital wallets go really well with this industry. Naturally, many creators and producers have started to see an answer in crypto.

Crypto’s Not The Only One With A Bad Reputation

Cristobal Medoza producer and co-creator of a top Argentinian porn channel called ‘My Bad Reputation’ was one of many to adopt crypto in order to find financial stability and more opportunities. He gave us inside comments on his personal experience, allowing us to take a peek at the industry people love to consume from but try not to support.

New platforms are surging that connect the porn and crypto industry. A great niche for all parties if successful –it needs to be simple, safe, and well-executed–.

It’s a demystification that goes both ways: the amount of porn consumers is very high. If adult content platforms are related to crypto, this might become a blasting cap of mainstream adoption.

Medonza explained that the major porn platforms have already adopted crypto (paying in Bitcoin and USDT), which contrasts with other payment services offered that are very restrictive and using them comes with too many complications and downsides.

However, many smaller adult content platforms don’t use crypto yet, and that becomes a major problem that comes with huge fees to convert the creators’ money to digital assets.

Mendoza added that porn creators are often affected by the banks, which he claims have closed the accounts of many and frozen their funds when finding out their income is related to adult content.

He commented on the OnlyFans sketchy days of adult content baning, alleging that a large of new pornography platforms started to appear, trying to take that big chunk of a very profitable market.

There’s always going to be someone that will take a stake at that market because it generates huge gains. At the end, OnlyFans took a step back because they knew they would loose too much money and others would quickly fill into their role.

Mendoza stated that his adult content channel takes its payments through Binance, and it has become a great option since “it doesn’t question where the incomes come from, there are no types or morality issues with how we make the money,” plus they can easily exchange it.

Further than using crypto as a better payment method, it has also allowed him and his co-creator to make a few investments through trading and hodling.

There’s many people from the industry that still don’t know how to use crypto as a tool for payments and administration.

I think [they] would greatly benefit from crypto … comissions are low, there’s full control over one’s own income.

He mentioned there are many new projects that claim to link the adult content industry with crypto but some are scams, and creators need to be wary and start to educate themselves about cyber security.

Crypto total market cap at $2,1 trillion in the daily chart | Source: TradingView.com
Source: News BTC
Original Post: How Crypto Empowered Porn Creators In 2021: Less Cant More Freedom

Bank of Mexico to Launch Its CBDC by 2024

Mexico’s central bank (Banco de México) announced it “will have a digital currency of its own in circulation” by 2024. Thus, the Latin American country put its name next to other nations such as China and Indonesia, which also unveiled plans to launch their CDBCs soon.

Digital Peso by 2024

In a recent tweet, the government of Mexico revealed that Banco de México (the Central Bank of Mexico) will implement a CBDC in the country’s financial system by 2024.

The authorities outlined the importance of such a move, saying it could be of “great value to advance financial inclusion” in the nation.

During an interview for a convention hosted by S&P Dow Jones Indices, Jonathan Heath – Deputy Governor of Banco de México – confirmed the news, stating:

“We are working on a project, we even have a timeline where we think that perhaps by the end of 2024 at the latest, we should have it operating perfectly well (CBDC).”

A CBDC is quite different than decentralized cryptocurrencies such as bitcoin. The former is a digital version of a fiat currency. It is fully centralized and controlled by an entity like a central bank. On the other hand, bitcoin is decentralized as there’s no central authority behind it.

Mexico has shown some pro-bitcoin stance in recent months. A few weeks ago, the largest supermarket chain in the country – Elektra – allowed customers to pay their bills in BTC instead of fiat currencies.

In addition, Mexico’s third-richest person – Ricardo Salinas Pliego – compared the primary cryptocurrency to gold and advised people to invest in it as soon as possible.

Who Else Is Racing Towards a CBDC?

Launching a central bank digital currency has been a target for many nations around the globe.

In line with its communist regime, the People’s Republic of China – the country with the most hostile stance towards cryptocurrencies – has made numerous attempts to promote its digital yuan over the last 12 months. At some point, the authorities announced they will even allow athletes and foreign visitors at the 2022 Beijing Winter Olympics to employ the financial product.

Earlier this month, Indonesia also revealed plans to issue a digital form of its national currency. The nation’s central bank believes that a CBDC is a more reliable option than bitcoin, ether, and other digital assets.

“A CBDC would be one of the tools to fight crypto. We assume that people would find CBDC more credible than crypto,” the financial institution stated.


Source: CryptoPotato
Original Post: Bank of Mexico to Launch Its CBDC by 2024

Litecoin needs to reclaim this level as support before bulls can make a comeback

Litecoin had an amazing start to November as it shot past the $200 mark and rocketed to a $295 high. However, the past six weeks have pulled Litecoin back to the $140 lows. Bitcoin experienced a short-term bounce, but bullish strength was not seen as much on longer timeframes. What Litecoin can achieve in the […]
Source: AMBcrypto
Original Post: Litecoin needs to reclaim this level as support before bulls can make a comeback

Here’s What Next for Algorand, Chainlink, The Sandbox and Two Additional Altcoins, According to Crypto Analyst Michaël van de Poppe

Michaël van de Poppe is plotting the price direction of the altcoins Algorand (ALGO), The Sandbox (SAND), Chainlink (LINK), Curve DAO Token (CRV) and Swipe (SXP).

In a new video, the crypto analyst tells his 158,000 YouTube subscribers that Algorand is entering into a period where traders should ideally place their money at bottom price levels to make the most of swing trade opportunities.

“What is the level that I preferably want to see Algorand breakthrough?

That’s this entire block that we have here at $1.75.

If that one breaks, we can clearly see continuation happening on the markets as right now we are facing resistance.

After a beautiful bounce, you can see that we are already up approximately 30% to 35% and if we break through this one, the next resistance point that we can actually attack is the area around $2.10 to $2.25.”

Van de Poppe says that SAND offers a great day trade opportunity at the retest level of around $5.25.

“If the area around $5.10 is lost, a re-test at $3.95 or perhaps even $3 is most likely going to take place.”

The analyst also identifies the potential entry points for CRV, which is currently facing resistance at around $6.

“I would definitely be looking at entry points around $4.50 as the first one and if we do make a break above $6.10,  I think you want to buy that flip as well targeting $8 or targeting even potentially around $10.”

For Chainlink, he says traders could start building their positions between $13.86 and $16.71.

“Crucial break for this one is to break through $23.50.

If that one breaks, the next test is going to be $35 and then we’re most likely getting ourselves in a new upwards trend.”

As for Swipe, van de Poppe says that the crucial resistance level that the coin has to break is at around $2.20.

“If that one breaks, you know that you could be looking at a potential level to flip where you can start building your positions, but when you’re looking at the structure in this case, I think you clearly want to wait until we get a re-test happening around  $1.70.”

I

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Here’s What Next for Algorand, Chainlink, The Sandbox and Two Additional Altcoins, According to Crypto Analyst Michaël van de Poppe appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: Here’s What Next for Algorand, Chainlink, The Sandbox and Two Additional Altcoins, According to Crypto Analyst Michaël van de Poppe

Billionaire Elon Musk Says He’s Identified Which Crypto Asset Is Fundamentally Best – But There’s a Catch

Billionaire and business magnate Elon Musk is once again praising dog-themed crypto asset Dogecoin (DOGE).

In a lengthy new interview with podcast host Lex Fridman, Musk says that the popular meme coin’s built-in mechanisms render it superior to leading crypto Bitcoin (BTC) in terms of practical use cases.

“Part of the reason why I think there’s merit to Dogecoin, even though it was obviously created as a joke, is that it actually does have a much higher transaction volume capability than Bitcoin. The cost of doing a transaction, the Dogecoin fee is very low.

Right now, if you wanted to do a BTC transaction, the price of doing that transaction would be very high, so you could not use it effectively for most things, and nor could it even scale to a high volume.”

Musk then says DOGE’s supply mechanic, which may appear inflationary at first, is actually deflationary in the long run and that its monetary system is ‘fundamentally’ the best one he’s seen thus far. However, he notes that there’s a caveat – it’s all one big accident.

“Dogecoin, just somewhat randomly, has a fixed number of coins or hash strings that are generated every year. So, there’s some inflation, but it’s not a percentage at base. It’s a fixed number, so the percentage of inflation will necessarily decline over time.”

I’m not saying that it’s the ideal system for a currency, but I think it actually is just fundamentally better than anything else I’ve seen, just by accident.”

DOGE is exchanging hands at $0.17 at time of writing, a 12% decrease from its seven-day peak of $0.194.

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The post Billionaire Elon Musk Says He’s Identified Which Crypto Asset Is Fundamentally Best – But There’s a Catch appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: Billionaire Elon Musk Says He’s Identified Which Crypto Asset Is Fundamentally Best – But There’s a Catch

MicroStrategy Remains One Step Ahead With $94M Bitcoin Purchase

MicroStrategy has once again doubled down on its bitcoin holdings with another purchase. This time around, the company spent almost $100 million to add more BTC to its mammoth holdings. The company which has been buying bitcoin since 2019 has stuck to its promise to invest heavily in the digital asset and has been the only company to continue buying through the dips.

MicroStrategy Buys More Bitcoin

MicroStrategy announced that it has bought more bitcoins to add to its balance sheet. The publicly listed company had bought a total of 1,914 BTC between December 9th and 29th. Each of the BTC was bought at an average of $49,229 and the total cost of the bitcoins purchased came out to $94.2 million.

Related Reading | Bitcoin Only Works For The Wealthy, Senator Elizabeth Warren

MicroStrategy’s CEO Michael Saylor, took to his Twitter account to share the news of the purchase with his followers. Saylor who is a vocal bitcoin proponent is one of the reasons the company had begun purchasing the digital asset after he disclosed his holdings to the board and demonstrated his returns.

MicroStrategy has purchased an additional 1,914 bitcoins for ~$94.2 million in cash at an average price of ~$49,229 per #bitcoin. As of 12/29/21 we #hodl ~124,391 bitcoins acquired for ~$3.75 billion at an average price of ~$30,159 per bitcoin. $MSTRhttps://t.co/tNxDwaT8VD

— Michael Saylor⚡ (@saylor) December 30, 2021

The company also published a disclosure that made the sale known. Funds for the recent bitcoin purchase were apparently raised from selling shares of the company, which MicroStrategy has done at various points in the past to raise money for its buying sprees.

BTC recovers to $47K | Source: BTCUSD on TradingView.com
The Sole Driver Behind Corporate Investing

MicroStrategy has made a name for itself as being the public company with the largest bitcoin holdings in the globe. However, lesser-known is the fact that it remains one of the top drivers of institutional investment in the digital asset.

Bitcoinist reported that MicroStrategy alone accounted for about 71.4% of all BTC holdings by companies. With its most recent purchase, the company has no doubt pushed this figure even higher, widening the gap between it and other companies who currently bitcoin on their balance sheets.

Related Reading | The Year Of Alt Season: Altcoins Dominate Market In 2021

The company has spent about $3.75 billion on BTC in the past two years. This investment has paid off handsomely as the company’s total bitcoin holdings now sit above $6.1 billion, indicating that it has been a lucrative investment for them. The company now holds a total of 124,391 BTC on its balance sheet with its most recent purchase.

Its announcement of its bitcoin strategy earlier in the year had prompted other companies such as Tesla, Square, Aker, and Meitu to also disclose their bitcoin holdings. However, MicroStrategy is the only company that has continued to purchase BTC, buying an average of 3,000 BTC per month in the third quarter of 2021.

Featured image from Bitcoin News, chart from TradingView.com
Source: News BTC
Original Post: MicroStrategy Remains One Step Ahead With M Bitcoin Purchase

If You Build It, They Will Come: The Rapid Expansion of GameFi

The blockchain gaming eco-system is rapidly evolving with new developments all the time in crypto (play-to-earn), NFTs (digital assets), and social-fi (individual de-fi). On a wider scale, a parallel can be drawn - how Las Vegas was built. At first, there was one bistro with a few slot machines and poker tables. Then more places opened with new games to play, and all winnings could be cashed out and then re-staked at each one of them. That fluidity cultivated the whole eco-system.

Another parallel would be the growth of alternative asset classes such as financial derivatives, which confer both value and utility to their users. These tend to arrive during periods of uncertainty and over time become investable in their own right. The same is being applied in the crypto gaming space, only that it’s still at an early stage.

X World Games (XWG) is one of earliest movers in this new ecosystem and has already opened its second playhouse.  XWG’s Dream Card 2.0 and Dream Card1.0 are both getting makeovers. XWG’s eco-system is the first and only cross-platform, cross-play crypto gamefi ecosystem that operates two games on both Web2.0 and Web3.0. In doing so, XWG has been building and leading the global development of game-fi and NFT systems.

When a new eco-system starts to sprout, it is usually accompanied by a social aspect. This is happening in the gamefi world as well. XWG’s DAO, and its X-Trader and X-Creator initiatives, allow individuals to migrate from Web2.0 to Web3.0.  XWG’s marketplace trading, the options provided with NFT creations and content creation all show the many ways that users can take part. It also explains why so many new participants are rushing in.

Dream Card 1.0 and 2.0

Dream Card 2.0 is a strategic trading card game. Players collect hero NFT cards by direct purchase or mystery box opening in the marketplace, and use them to challenge different adventure levels, acquire token rewards, and get better chances to win gaming equipment and lottery tickets.

Dream Card 2.0 is a different game-play mode to Dream Card 1.0 (namely player versus environment not player vs player). But the two games interflow and all game assets that have been acquired in Dream Card 1.0 are secured on 2.0. On top of this, game assets in 2.0 are enhanced and enriched by introducing new NFTs that generate players more revenues with more outlets.

Take lottery for example, it is a brand-new design and first of its kind in crypto games- upon completing each and every level and regardless winning or losing, players will get a chance at winning a lottery for their lucky draw at the Prize Pool.

As Dream Card2.0 is getting ready for launch, Dream Card1.0 is also undergoing a patch update designed to optimize its gameplay and earning mechanisms. The update is based off all the data collected and analyzed since the game’s launch as well as specific test data feedback from players.

The two games are rooted in the same eco-system and therefore they are able to communicate “back and forth”, coexisting with secured and transferable game assets and co-evolving with new designs implemented- the new lottery implantation in Dream Card2.0 will be feeding back into Dream Card1.0 at a later stage. X World Games is taking the lead in constructing the first cross-game, cross-play and cross-platforms metaverse by actualizing interflow and infrastructure in their eco-system.

While the move from Dream Card 1.0 to Dream Card 2.0 might not sound that much of an expansion, it is a crucial first step of eco-system development with a richer environment, more assets, greater asset valuations and full fungibility of those assets. The parallel with Las Vegas can again be seen with how the ability to win – the financial incentive – must be matched by the ability to be entertained and to feel part of a group – the social incentives. Bringing these financial and social incentives together attract new participants, which in turn increase both the financial and social rewards. This is a virtuous circle where supply actually creates demand and will ensure the rapid expansion of the gamefi universe.


Source: Coindesk
Original Post: If You Build It, They Will Come: The Rapid Expansion of GameFi

Twitch Co-Founder Justin Kan Launches Gaming-Centric NFT Marketplace Fractal

Twitch Co-Founder Justin Kan Launches Gaming-Centric NFT Marketplace Fractal

The co-founder of Twitch, Justin Kan launched a gaming-centric non-fungible token (NFT) marketplace called Fractal on December 30. Fractal’s focus is on NFTs with video game utility and the project launched an NFT collection called “Fractals,” a 100,000 unique snowflakes that give users benefits while using the primary and secondary NFT marketplace.

Twitch Co-Founder Launches Fractal NFT Market


On December 30, the co-founder of Twitch, Justin Kan, told his 245,600 Twitter followers that he launched an NFT marketplace called Fractal. Kan also tweeted about the Fractals NFT collection that leverages the Solana (SOL) blockchain network. “Today, we are excited to launch our gaming NFT marketplace: Fractal,” Kan said. “We are also dropping our Fractal NFTs, the largest NFT airdrop in Solana history,” the entrepreneur added.

In addition to Kan, Fractal was also founded by Robin Chan, David Wurtz and Mike Angell. Fractal hosts a number of digital goods from The Sandbox, Solchicks, Nyan Heroes, Photo Finish, Mini Royale, and Portals. The Fractals NFTs are 100,000 unique NFTs with power levels “from 23 to 100.” There’s 1,000 HEXA, 4,000 PENTA, 25,000 QUAD, and 70,000 TRI Fractals.

“Higher power fractals are more rare, as they are not easy to find in nature because of their instability,” the Fractal marketplace team says. It is our hope that fractals will give you special powers in your favorite blockchain-based games. We believe “cross-game” assets like these, that are truly yours, is the future of gaming. Together, we can unlock that future,” the Fractal marketplace developers add.



At the time of writing, the top trending project on the Fractal NFT marketplace is Panzerdogs followed by Aurory, Portals, Photo Finish, and Fractals. Following the marketplace’s native NFT project, the projects Genopets, Caveworld, Nyan Heroes, and Mini Royale capture the sixth through the ninth positions. The tenth highest trending NFT project hosted on the Fractal marketplace is Solchicks.

What do you think about Twitch co-founder Justin Kan’s NFT marketplace called Fractal? Let us know what you think about this subject in the comments section below.


Source: Bitcoin.com
Original Post: Twitch Co-Founder Justin Kan Launches Gaming-Centric NFT Marketplace Fractal

XRP whales move several million worth of the token as it struggles near $1

Today, Whale Alert has indicated several large XRP transactions as the crypto token remains under $1. At the time of writing, XRP maintained a 24-hour range of $0.83 and $0.86 on CoinGecko.  Over 300 million XRP on the move With that being said, one of the major transfers was 177,149,680 XRP tokens worth around $149,186,279 […]
Source: AMBcrypto
Original Post: XRP whales move several million worth of the token as it struggles near

Shiba Inu, Litecoin, NEAR Price Analysis: 31 December

The past few days witnessed a bullish recovery attempt while the market-wide sentiment exhibited a bearish inclination. Shiba Inu struggled to cross the 20 SMA and found it difficult to cope after losing the $0.000035 level. Litecoin followed Bitcoin’s trajectory but failed to back it up with trend-altering volumes.  On the other hand, after striking […]
Source: AMBcrypto
Original Post: Shiba Inu, Litecoin, NEAR Price Analysis: 31 December

Bitcoin price reverses gains on New Year’s Eve; hodlers continue stacking sats

BTC price dipped below $46,000 after seeing highs north of $48,500 earlier in the day. Leading altcoins also turned lower.


Source: Cointelegraph.com
Original Post: Bitcoin price reverses gains on New Year’s Eve; hodlers continue stacking sats

The SEC Appoints New Senior Advisor for Cryptocurrency Oversight

The Securities and Exchange Commission has hired Corey Frayer to advise Chairman Gary Gensler on regulations of cryptocurrencies. Frayer’s previous experience includes operating as a professional staff member of the Senate Banking Committee and policy adviser for the House Financial Services Committee.


Source: CryptoPotato
Original Post: The SEC Appoints New Senior Advisor for Cryptocurrency Oversight

NEW YEAR NEW CRYPTO OPPORTUNITIES!! #shorts

Source: YouTube: Altcoin Buzz
Original Post: NEW YEAR NEW CRYPTO OPPORTUNITIES!! #shorts

Crypto Giant Grayscale Details Top Altcoins Held by Institutional Investors As 2022 Begins

The world’s largest digital asset manager is offering a look at which crypto assets institutional investors are most interested in.

Grayscale just detailed a complete breakdown of its crypto assets under management (AUM), which amounts to a staggering $40+ billion.

The vast majority of Grayscale’s holdings are in the Bitcoin (BTC) Trust, which accounts for $30.37 billion.

Leading smart contract platform Ethereum (ETH) is in second place with $11.49 billion AUM.

The firm also offers trusts for a dozen altcoins, with holding amounts as follows:

Grayscale holds an additional $508.3 million in its Digital Large Cap Fund, as well as $10.6 million in the DeFi fund.

The firm recently released a 27-page report about the future of decentralized finance (DeFi) and its impacts on both the crypto and traditional finance industries.

The report states,

“Crypto creates an internet owned by its users and DeFi empowers those users to own a piece of that financial ecosystem. DeFi is the third wave of crypto cloud economy growth and the next wave of fintech [financial technology] innovation.

The Internet expanded access to information and DeFi has the power to do the same for banking. DeFi seeks to transform the way people establish trust on the internet and provide 33 million U.S. underbanked households, 1.7 billion underbanked adults globally, and 4.6 billion internet users a new banking alternative.”

With DeFi accounting for less than 2% of the $8 trillion worldwide financial services industry, Grayscale believes it’s still “early innings” for the nascent ecosystem.

The report highlights how cryptocurrencies are filling a void created by the high fees and low-interest rates consumers encounter with traditional banking.

When it comes to potential risks, Grayscale mentions government regulation, vulnerability to hackers and overall crypto volatility as potential speed bumps.

“DeFi’s regulatory environment is still highly uncertain, and it remains to be seen how [the] US or other regulators will enact policy affecting the ecosystem.

DeFi protocols have been hacked or experienced bugs that have resulted in the loss of user funds or smart contracts not executing as they were intended due to coding errors.

Negative fluctuations in the value of a DeFi protocols’ crypto holdings may materially harm the DApps [decentralized applications] usage, fees revenue, governance utility, and, ultimately, token value.”

You can read the entire Grayscale DeFi report here.

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The post Crypto Giant Grayscale Details Top Altcoins Held by Institutional Investors As 2022 Begins appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: Crypto Giant Grayscale Details Top Altcoins Held by Institutional Investors As 2022 Begins

MicroStrategy is making the market unstable? Investment analyst claims…

As the king coin again fell below the $50,000 mark, investors’ sentiments undoubtedly took a tumble. However, that wasn’t the case for MicroStrategy CEO Michael Saylor, who took the opportunity to announce that his company had bought 1,914 Bitcoin. This would bring their reported total to more than 124,000 Bitcoin. MicroStrategy has purchased an additional […]
Source: AMBcrypto
Original Post: MicroStrategy is making the market unstable? Investment analyst claims…

Bitcoin (BTC) Flashing Mixed Metrics As Its Price Stays Stagnant: Santiment

Crypto analytics firm Santiment says that a recent spike in the number of daily active Bitcoin (BTC) addresses indicates BTC’s price might be about to swing to the upside.

The market insights agency tells its 120,700 Twitter followers that Bitcoin activity has picked up after nearly a month of sluggish data.

“With Bitcoin continuing its $46k to $48k range, we’re seeing a trend of rising address activity.

Dec. 28th marked the highest address activity in 4 weeks, and these high spikes in DAA [daily active addresses]/price ratio historically correlate with price rises.”

Image
Source: Santiment/Twitter

Santiment offers a more in-depth analysis of Bitcoin’s relative strengths and weaknesses in its latest Insights blog post.

As BTC struggles to recapture and hold the $50,000 level, the firm says of retail sentiment,

“It’s as good as it can look.

Seems like many people are quite disenchanted and in disbelief about breaking above 50k.”

Image
Source: Santiment

The crypto insights firm says that while funding rates are mostly neutral, many people are selling their BTC due to fears that it won’t go up during 2022.

“People selling now because they believe it can dump lower.

It’s a sign of bearishness.

There are enough people that believe BTC will not go higher the whole next year.

They sell now because they don’t feel confident holding BTC.”

Image
Source: Santiment

Santiment is also concerned by the downtrend in whale activity.

“Pretty significant chunks of money are being offloaded by these addresses.

It’s hard to be bullish when whales are acting like this.”

Image
Source: Santiment

The data firm concludes its Bitcoin analysis by noting that BTC’s daily circulation has been declining over the past month and a half.

“Every week since November we are seeing a lower high in terms of daily circulation. Amount of Bitcoin being used over the network is clearly declining.”

Image
Source: Santiment

At time of writing, Bitcoin is up 1% on the day to $47,025.

The flagship cryptocurrency last breached the $50,000 mark back on December 11th.

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The post Bitcoin (BTC) Flashing Mixed Metrics As Its Price Stays Stagnant: Santiment appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: Bitcoin (BTC) Flashing Mixed Metrics As Its Price Stays Stagnant: Santiment

Metaverse NYE Parties: Decentraland New Year’s Eve Bash to Recreate One Times Square, Paris Hilton to DJ in Roblox

Metaverse NYE Parties: Decentraland New Year's Eve Bash to Recreate One Times Square, Paris Hilton to DJ in Roblox

There’s a New Year’s Eve fiesta in the metaverse called the Metafest 2022 Global Party hosted by the real estate firm Jamestown and the crypto investment firm Digital Currency Group (DCG) in Decentraland. According to the announcement, the owner of One Times Square, Jamestown will recreate the iconic site in Decentraland for the 2022 ball drop.

NYE Meets the Metaverse


There’s New Year’s Eve ball drop celebration taking place in the Decentraland metaverse and it’s hosted by the real estate firm Jamestown and Digital Currency Group (DCG). According to the announcement, DCG is one of the largest land owner in Decentraland, while Jamestown owns the well known One Times Square. DCG’s head of real estate, Simon Koster, explains how the digital world can meld with the real one.

Metaverse NYE Parties: Decentraland New Year's Eve Bash to Recreate One Times Square, Paris Hilton to DJ in Roblox

“The metaverse is quickly evolving to bring together the most interesting and alluring parts of our favorite physical places around the world,” Koster remarked during the announcement. “From destinations, to gaming, education, retail and more, we can expect the metaverse to revolutionize our current online experience.” The DCG executive further added:

This event highlights how virtual events can cohesively integrate with real ones in an effort to bring once-in-a-lifetime experiences to so many that would have never been able to participate otherwise.

Virtual One Times Square to Feature Entertainment Acts, Rooftop VIP Lounges, Live Feeds From NYC


Michael Phillips, the president of Jamestown agrees and he believes the future of real estate is “the thoughtful integration of the virtual and physical worlds, optimized for user experience.” According to the announcement, the virtual One Times Square in Decentraland will be located at section -106, -119. The party will feature music and entertainment acts including “rooftop VIP lounges.”

There will also be live feed of the real-world Times Square ball drop celebration in New York. “The metaverse is an important part of the evolution of real estate and the built environment,” Phillips added. “Whereas physical real estate is largely limited to people with geographic proximity, the metaverse can give people around the world meaningful access to places through immersive virtual experiences.” Phillips continued:

Recreating One Times Square in the Decentraland metaverse is part of a larger digital asset strategy to evolve and enhance our physical real estate for Web 3.0 and open new pathways for our assets to exist in multiple metaverses in the future.


Socialite Paris Hilton to DJ an Electronic Music Set on NYE in the Roblox Metaverse


DCG, Decentraland, and Jamestown are not the only ones throwing a New Year’s Eve (NYE) bash. Paris Hilton is planning on playing an electronic set of music on NYE on her virtual Roblox island called “Paris World.”

Metaverse NYE Parties: Decentraland New Year's Eve Bash to Recreate One Times Square, Paris Hilton to DJ in Roblox

“For me, the metaverse is somewhere that you can do everything you can do in real life in the digital world,” Hilton said in a statement. The socialite and entrepreneur added:

Not everybody gets to experience that, so that’s what we’ve been working together on over the past year — giving them all my inspirations of what I want in that world.


What do you think about the NYE metaverse celebrations taking place in Decentraland and Roblox? Let us know what you think about this subject in the comments section below.


Source: Bitcoin.com
Original Post: Metaverse NYE Parties: Decentraland New Year’s Eve Bash to Recreate One Times Square, Paris Hilton to DJ in Roblox

Trading Giant Robinhood Rolls Out Timeline for Next Phase of Its Crypto Wallets Feature

American financial services titan Robinhood is moving on to the next phase of its crypto wallet launch.

According to a new blog post, the trading company plans to roll out the beta phase for its “Wen Wallets” program in mid-January which will open up the crypto wallets to thousands of customers from Robinhood’s waitlist.

Robinhood first announced the crypto wallets project in September, saying it planned to kick off an alpha phase with a limited group of customers in October.

The company notes they’re moving into the beta phase after hearing feedback from the group.

“Through our Alpha program, we sought feedback from a tight-knit group of customers from our wallets waitlist.

They tested our first iteration of crypto wallets and shared detailed design and functionality feedback with our team to help us deliver a top-notch experience…

Our customer-centric, design-first approach has been a hallmark of Robinhood since we started. Even though wallets offer a new experience with a different asset class, the Alpha testers wanted it to feel familiar, and that’s what we’ll deliver.”

Currently, Robinhood supports commission-free trading for seven cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC).

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Source: Daily HODL
Original Post: Trading Giant Robinhood Rolls Out Timeline for Next Phase of Its Crypto Wallets Feature

Veteran Trader Tone Vays Says It’s ‘Impossible’ To Be Bearish on Bitcoin – Here’s Why

Seasoned crypto analyst Tone Vays says that Bitcoin (BTC) flipping bearish in its current scenario would be paradoxical.

In a new strategy session, the veteran trader tells his 118,000 subscribers that the events that would have to take place for him to turn bearish on the king crypto would actually end up making him bullish.

“Someone was asking me where I would turn bearish on [the] mid and long term. That’s a really good question… I would literally need [to see] Bitcoin below $35,000 to turn mid-to-long term bearish.

But there’s a huge contradiction there because if BTC does fall that low, it’s at a pretty significant low, and going bearish at this point makes absolutely no sense whatsoever.

This is why there’s almost nothing that can happen right now in this current structure that would make me intermediate to long-term bearish…it’s almost impossible to turn bearish.”

According to Vays, the only scenarios that could flip BTC bearish at this point would be if it has a massive exponential run-up as it did at the end of 2017, which would be generally followed by a correction, or if it formed a descending triangle pattern.

“It’s very unlikely I turn bearish, we would need a much higher exponential run-up first for me to turn bearish, or a descending triangle. There’s nothing wrong with being bearish when moving averages are about to cross, [but they] don’t cross very often.”

Bitcoin is exchanging hands at $47,895 at time of writing, a 3% increase from its seven-day low of $46,471.

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Source: Daily HODL
Original Post: Veteran Trader Tone Vays Says It’s ‘Impossible’ To Be Bearish on Bitcoin – Here’s Why

Algorand prospering in DeFi might set it up for an ATH

Algorand has witnessed significant growth in 2021 and going into 2022 the asset aims to expand this growth and take the network to the next level. And its most recent attempt at the same appears to have been rather successful. Go Algorand! After launching Algofi this month, Algorand further established a liquidity incentive program worth […]
Source: AMBcrypto
Original Post: Algorand prospering in DeFi might set it up for an ATH