CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, GMT Token News
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Ethereum shows first signs of new rise, but $4,100
Ethereum is gaining momentum above the $4,000 zone against the U.S. dollar.
Ethereum began a steady rise above resistance levels of $3,950 and $3,980. In addition, the hourly chart of ETH / USD saw a break above a key bearish trend line with resistance around $4,020. The pair traded at $4,075 and is now consolidating gains above the 23.6% Fibonacci retracement level of the recent rise from a swing low of $3,750 to a high of $4,075.
It is still trading above $4,020 and the 100-hour simple moving average. Also, a bullish trend connecting line is forming on the same chart with support of around $4,020.
Ethereum price extends recovery
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The company issues new tokens and “burns” some of them. The freed capacity is redistributed among the entire volume of GMT tokens. This leads to an increase in supply, which directly affects the increase in mining fees.
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GMT introduces new computing power
El Salvador buys 21 BTC to mark a memorable day
The Central American country of El Salvador purchased 21 bitcoins on December 21, 2021, to mark the 21st day of the 21st century.
In a series of tweets, El Salvador’s President Nayib Buquele pointed out that the event is commensurate with the total bitcoin supply of 21 million, as well as the country’s land area of 21,000 square kilometers.
The country’s latest investment is worth $1,020,000 based on the BTC price. El Salvador currently holds a total of 1,141 BTC worth over $5.58 million. Under President Buquel, El Salvador has a number of ambitious plans, some of which are already being implemented.
El Salvador buys 21 BTCs.
Cryptocurrency exchange Kraken acquires streaming startup Staked
Cryptocurrency exchange service Kraken announced the acquisition of Staked, a non-custodial-stacking startup.
While details of the acquisition were not disclosed in the announcement, Kraken said the purchase was “one of the largest acquisitions of the crypto industry to date” and will help the exchange company “develop innovative new betting products for all our customers and expand their number, networks with proof-of-ownership supported on our platform.”
Kraken acquires staking startup Staked
Binance replaces quarterly BNB burning with automatic BNB burning; here’s what it means
Cryptocurrency exchange Binance announced that it would introduce the BNB Auto-Burn feature immediately.
Binance noted that it would stop the BNB Auto-Burn protocol just when BNB’s total circulation drops below 100 million. BNB explained all of the math of auto-burning in its official announcement.
The move to this new BNB auto-burn feature means that the number of BNBs burned will no longer be based on Binance’s profits. However, it will depend on the price of BNB and the level of BSC activity.
BNB Auto-Burn feature
The crypto industry is poaching talent from Silicon Valley at an alarming rate.
Silicon Valley executives are looking for ways to keep their executives and engineers away from cryptocurrency.
According to a recent report by The New York Times, the speed at which the crypto industry is poaching talent from tech giants is causing concern even to Google’s CEO and forcing companies to offer extra incentives for employees not to quit.
Lyft CFO Brian Roberts left the company this month to join OpenSea, saying he had seen enough cycles to recognize when “something this big” comes along.
The Crypto industry poaches talent from Silicon Valley