META SPACE
META SPACE Laboratory invested 100 million US dollars to support its ecological construction, and launched the META SPACE chain game ecology and META SWAP, DEX platform in the first phase, and opened up the dual ecological interconnection mechanism.
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Story from Markets Market Wrap: Bitcoin Steady Near $54K; RSI Indicator Warns of Limited Uptrend
Bitcoin (BTC) trading around $53,824.22 as of 20:00 UTC (4 p.m. ET). Climbing 3.22% over the previous 24 hours. Bitcoin’s 24-hour range: $51,267.19-$54,032.05 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on CoinbaseSource: TradingView What a dud: Friday’s record $6 billion expiry in the bitcoin options market turned to be a nonevent as prices for the largest cryptocurrency climbed steadily, with nary a glimpse of the feared plunge to the “max pain” point of $44,000. For bitcoin bulls, the absence…
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How Coinbase’s Wild Earnings Stack Up Against Normie Financial Firms
Based on earnings estimates announced Tuesday, nothing else in the financial services industry really compares to Coinbase right now. Wedded to the rising fortunes of cryptocurrencies themselves, soon-to-list Coinbase expects to make more money in the first quarter of this year than in all of 2020, and has seen an exponential rise in engaged customers. Coinbase’s revenue for the first three months of 2021 is expected to be $1.8 billion with earnings of about $800 million, compared with $1.3 billion in revenue and earnings of $322 million for all of 2020. Crypto is…
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What Is BitClout? The Social Media Experiment Sparking Controversy on Twitter
Prominent users of Crypto Twitter have suddenly discovered they have another profile on a new social network called BitClout, except over there some people are buying and selling tokens representing their identities. It does not matter whether the people behind those profiles have ever touched the social network. “The core insight behind BitClout is that if you can mix speculation and content together, you can not only get a 10x product that creates innovative ways for creators to monetize, but you also get a new business model that’s not ad-driven…
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Bitcoin rebounds past $43,000; ZT surprises continue
On March 22nd, according to ZT market data, Bitcoin broke through $43,000 and is now quoted at $42,816.5034, a 24-hour increase of 3.97%. (Data as of time of writing) This is the highest level since March 3rd. ZT Exchange Research Institute said the rally stretch is in stark contrast to the lack of volatility and less volatile scenarios since the weekend, and neatly fits with more bullish forecasts surrounding the near-term trajectory. Investors who started Bitcoin in November 2021 gradually moved and sold due to new geo-risks and…
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Longbow Capital led a $5 million funding round for Modern, a Canadian blockchain project.
Modern, a distributed mobile network transmission protocol based on blockchain +5G, has announced the start of its financing plan, according to the company’s official announcement. Longbow Capital, a Canadian private equity firm, will lead the financing, which is expected to raise $5 million, according to a number of leaks. Longbow Capital is a private equity investment management firm that invests in the energy and technology sector. It focuses on companies that help bring energy to the world in the most efficient, cost effective and environmentally responsible way. The company was…
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1 million Chaingers, let the world hear your voice!
The total locked-in value of decentralised finance is now a staggering 310 billion and the market keeps on growing as more and more investors are starting to shift towards DeFi; which is great news because the blockchain industry can’t possibly grow without the support of its world wide users, and at the same time, traffic is the main thing that will keep projects going in the long run. As the DeFi industry continues to evolve, Chainge, a coded financial platform customised for both institutional and individual investors, is in full swing…
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Gamefi Frontline 丨Will Promised Land be the unicorn in the next wave of GameFi?
The combination of crypto technology and traditional games brings infinite imagination for game design, especially the popularity of the concept of GameFi has driven many innovative ways to play and continuously enrich the ecology of Gamefi. Even though the current economic cycle has bottomed out and incremental funds are waning, the current chain tour still maintains a rapid growth posture and high-quality projects are coming out time and again. Just recently, Promised Land, which is known as “the unicorn in the next GameFi wave”, is on the top of the industry….
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Bitcoin’s Stimulus-Led Rise Fades as Stocks Drop, Dollar Gains
Bitcoin has erased Sunday’s gains as stock markets struggle to cheer progress on U.S. fiscal stimulus efforts. The cryptocurrency is changing hands just over $50,150 at press time, representing a 1.55% drop on the day, according to CoinDesk 20 data. Prices had jumped from roughly $49,000 to $51,800 on Sunday as the U.S. Senate approved President Joe Biden’s $1.9 trillion stimulus plan. The bill now heads back to the House of Representatives so it can be reconciled with the House-passed version and then sent on to President Biden to sign. Traditional markets had mixed…
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Former US Senator Joins Binance as Policy Adviser and Government Liaison
Cryptocurrency exchange Binance has hired former U.S. senator and ambassador to China Maxwell Baucus as a government relations adviser. The exchange announced Thursday in a press release it had hired the long-term government official to provide guidance and advice to the firm and work with U.S. regulators. The move could signal a shift in Binance’s approach to the U.S. market, which it currently doesn’t serve directly. Baucus was an ambassador to China under former President Barack Obama between 2014 and 2017. Prior to that, he served in the U.S. Senate and…
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Why Bitcoin Is a Better Risk Bet Than a Stack of Penny Stocks
Bitcoin is getting boring at a time when annualized 30-day volatility as of Thursday’s close has seen a sharp downward dip, in a March with its own type of (weather) volatility. Source: CoinDesk Bitcoin Price Index To emphasize the point, have a look at the chart above, which shows the volatility of bitcoin daily returns for the past month. To be fair, I’m employing a little chart crime here, starting the y axis at 40% in order to accentuate the drop between March 24-25, as all but the last days of February have…
