CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, ETHERNITY News
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Bitcoin is gaining momentum, why the rally isn’t over yet
Bitcoin has started a new rise from the $45,500 zone against the U.S. dollar.
The bitcoin price formed a base and started a new rise above the $46,500 level. The upward movement was such that the price overcame the $48,500 resistance. There was a clear move above the 76.4% Fibonacci retracement level of the key decline from a swing high of $48,289 to a low of $45,600. The bulls even raised the price above the $49,000 level.
A high is forming around $49,600 and the price is now showing a lot of positive signals. Also on the hourly chart of the BTC / USD pair a key upward channel is forming with support of around $48,750.
Bitcoin price extends recovery
Authenticated and interactive NFTs are the future!
Ethernity will release its new app, which will be available for both iOS and Android.
Ethernity will host the largest gem-growing event it has ever held. There will be 4 full days from December 27-31 where stone owners can win mystery boxes, NFT collections, adventures, mystery raffles, and Ethernity merchandise.
The contents of what’s inside will only be available to the winning bidder for 15 days after purchase.
The company will also be releasing its new app, which will be available for both iOS and Android. This is huge news, as Ethernity will be one of the few NFT platforms with a live app. Evaluate the potential of this app and how favorable it is for Ethernity.
Ethernity has announced an Ethernity 2.0 roadmap that will be achieved over the next 13 months, but keep in mind that there will be unannounced products, partnerships, and surprises along the way. Some very interesting features in the roadmap include NFT Staking, Mystery boxes, and the Ethernal Metaverse, where users will be able to use their aNFTS and avatars.
Ethernity announced the Ethernity 2.0 roadmap
NFT lending platform Arcade raises $15 million in Series A
The Arcade platform, which provides loans against NFTs as collateral, has raised $15 million.
The Arcade platform, which allows users to borrow against their NFTs as collateral, has raised $15 million in a Series A funding round.
According to co-founder Robert Masiello, the fundraiser was an equity round and will help Arcade expand its team, launch the platform publicly and attract more users. Arcade currently has 13 employees, and the startup is recruiting for a variety of product, business development, marketing, and engineering roles.
Arcade raises $15 million
Ethereum fees have increased 10-fold since the fourth quarter of 2020, showing strong demand and willingness to pay
High fees have hampered the Ethereum network throughout 2021, given that it has grown tenfold since the fourth quarter of last year.
Market analysis provider IntoTheBlock explained :
“Good or bad, the amount paid for using Ethereum has increased dramatically in 2021. The total amount of ETH paid in fees has increased more than 10-fold from $430 million in Q4 2020 to $4.8 billion in Q4 2021. Such fees underscore the high demand and willingness to pay to use the Ethereum blockchain.
$7.7 billion lost to crypto fraud, but how serious were the problems
According to Chainalysis, for example, cryptocurrency-related fraud is up 81% in 2021 compared to last year, amounting to a whopping $7.7 billion.
According to Chainalysis, for example, cryptocurrency-related fraud is up 81% in 2021 compared to last year, amounting to a whopping $7.7 billion.
As expected, most of these numbers can be attributed to a recent fraud strategy called “pulling the rug out.” This is particularly common in the DeFi ecosystem.
Chainlink becomes a leader among Ethereum whales, in addition to the Shiba Inu
Chainlink has made it to the top 10 most popular coins among Ethereum whales, in addition to Shiba Inu
According to WhaleStats, Chainlink has become one of the most popular Ethereum tokens in the last 24 hours. WhaleStats tracks the wallets of 1,000 ETH addresses and their holdings. According to the latest data, Chainlink now accounts for 1.21% of all holdings, on WhaleStats addresses.
Shiba Inu remains the largest token position in dollar terms, accounting for 8.52% of holdings.
Crypto companies raised just over $25 billion in venture capital funding in 2021
In 2021, there were just over 1,700 venture capital deals focused on the crypto space.
Compared to 2020, the new numbers represent a 126% year-over-year increase in the number of deals and a 719% year-over-year increase in total funding. These results were included in The Block Research’s 2022 digital asset outlook report.
