CryptoCurrency Updates: January 9, 2022

CryptoCurrency Updates: January 9, 2022

What is cryptocurrency and how it works?
A cryptocurrency (or “crypto”) is a form of payment that can circulate without the need for a central monetary authority such as a government or bank. Instead, cryptocurrencies are created using cryptographic techniques that enable people to buy, sell or trade them securely.
Read today’s featured article courtesy of NERD Wallet.
What Is Cryptocurrency? Here’s What You Should Know

Here’s a look at some of my favorite Crypto reads this week:

5 NFT-based blockchain games that could soar in 2022

NFTs look ready to rule 2022, and the recent pivot toward NFT utility in P2E gaming could make blockchain gaming this year’s sector darling.

This Tesla owner says he mines up to $800 a month in cryptocurrency with his car

Siraj Raval has tried just about every way there is to mine for cryptocurrencies from his 2018 Tesla Model 3.

He’s run free bitcoin mining software on his Apple Mac mini M1 and powered the computer by plugging an inverter into the 12-volt power socket located in the center console of his car.

NFTs In A Nutshell: A Weekly Review

‘High highs, and low lows’ has seemingly been the theme of the week in crypto, and NFTs were no exception. As we kick off the first full week of 2022, there was plenty of action in the NFT landscape to review.

We’re ringing in 2022 in a similar style as 2021 – a hefty dose of NFT news from throughout the week. Let’s put it all in a digestible format with this week’s Nutshell.

Central Bank of Bahrain Tests JPM Coin

The Bank aims to provide efficient settlement solutions. The adoption of blockchain technology has increased in Bahrain over the last 12 months.

Illegal Crypto Transactions Hit Record High in 2021

Illicit addresses received nearly $14 billion last year. Crypto-based unlawful transfers represented 0.15% of overall volume.

Messaging App Giant WeChat to Support Digital Yuan Payments (Report)

China’s central bank digital currency comes to the country’s largest messaging app WeChat Pay.

China’s leading messaging application – WeChat Pay – will reportedly begin supporting the e-CNY. The app has more than one billion users, meaning the initiative could significantly boost the distribution of the digital yuan.

As Bitcoin About To Loose $40K, This is the Most Critical Level for the Bulls (BTC Price Analysis)

Amidst another red weekend, Bitcoin is facing its most critical support area in the mid-term. So far, despite 2022’s first day, the new year has recorded seven consecutive daily red candles (keeping in mind there are a few more hours until today’s candle close).

Leading VC Andreessen Horowitz Raises Another $9 Billion

Leading VC firm Andreessen Horowitz raised another $9 billion to further its involvement in both crypto and tech.

Andreessen Horowitz – a leading venture capital firm and a prominent investor in the cryptocurrency space – has raised a fresh $9 billion to further its involvement in the growing industry.

Plus: NFT thefts, a ransomware wave in schools, and more of the week’s top security news.
Key drivers behind Chainlink’s exponential growth

The Chainlink ecosystem continues growing at a rapid pace, as the protocol expands support for additional blockchain environments.

Melania Trump Congratulates Bitcoin On 13th Anniversary Of Bitcoin Genesis Block

Cryptocurrency and Bitcoin investors spread to almost every sector and among different personalities. With the increase in the adoption of digital assets, most people are joining the investment train to reap enormous potential growth. Celebrities and government officials from both past and present governments globally are not left behind.

The former US first lady, Melania Trump, just gave her congratulatory message to Bitcoin on its 13th birthday. A little after launching her personal ‘nonfungible token (NFT)’ in December 2021.

CryptoCurrency Updates: November 24, 2021

CryptoCurrency Updates: November 24, 2021

Looking for the latest and hottest crypto news and updates? Check out today’s selection of News, Education, Resources and more!


Digital Assets: The Future Of Capital MarketsFor many years, certain parts of financial markets have been burdened by unnecessary restrictions leading to inefficiencies regarding the free allocation of capital. The upcoming broad applications of digital assets promise to change this. This article serves as an introduction to the topic of digital assets and describes some of the associated opportunities and challenges for retail investors, institutional investors, and financial service providers.”

What are digital assets and how are they held? “Demystifying the benefits and risks, and how blockchain is built and functions”

Digital assets: Everything you need to know “Today, even most small businesses have a website — about 64 percent, as of 2019. That number is sure to rise, since between 70-80 percent of consumers research companies online before making a purchase. The business world is well into the digital age. Most modern businesses are essentially media businesses, actively creating content for their websites, their social media accounts, and their marketing campaigns. All that digital content, plus some other documents and files behind the scenes, defines a broad category of files called “digital assets.”

Digital Asset Price Movements are Becoming More EfficientBitcoin’s reaction to Inflation Data – In an otherwise quiet week for digital assets, US economic data took center stage.  The year-over-year rise in the US Consumer Price Index (CPI) jumped to 6.2% in October, its highest level in over 30 years, and the fifth month in a row where the inflation rate topped 5.0%. The market responded immediately, and rationally.  Government bond yields rose 11 bps, reversing the previous week’s decline in yields, though real yields are at a 70-year low of around -4.6% (so much for the risk-free rate — the volatility in government bond prices in recent months has picked up to post-pandemic highs).  Even gold briefly woke up, rising 2.6% (though it remains negative YTD).”

What are Digital Assets? “The term “digital asset” has become more common in marketing and creative communication – and with good reason. According to Venngage, 74% of marketers now use visuals in over 70% of their content. But, despite the increased use of digital assets, there’s still a disconnect between what’s considered a digital asset. Is it just any digital file? If not, what are the other criteria? In this post, we’ll explore the key elements of digital assets, how to evaluate the value of your digital assets and why digital assets are important to your business.”

What are Digital Assets? “The definition of a digital asset is “anything that exists in binary data which is self-contained, uniquely identifiable, and has a value or ability to use.” When the term originated in the mid-90s, digital assets were items such as videos, images, audio, and documentation. Since then, technological advances have given the term new life.”

CryptoCurrency Updates: November 21, 2021

CryptoCurrency Updates: November 21, 2021

Looking for the latest and hottest crypto news and updates? Check out today’s selection of News, Education, Resources and more!


Decoding Crypto: What Was the First Cryptocurrency and Who Created It?   “Bitcoin (BTC) is the largest and most well-known cryptocurrency, but it wasn’t the first attempt at a digital, decentralized currency. Earlier versions of cryptocurrency existed well over a decade before Bitcoin’s first lines of code were written in 2009.”

Two Tips To Keep Your Online Activity- And Your Bitcoin- Safer   “Staying safe online is becoming tougher and tougher. We are now in a period where cyber-attacks are becoming a part of daily life and which not only affect individuals but whole countries. Recently it was suggested that North Korea has begun attacking other countries internet systems in order to disrupt and put pressure on their enemies. It was reported by bbc.co.uk that North Korea were behind and recent wannacry security hack that affected the NHS in the UK and put pressure on services in the United States.”

bitcoin best practices – bitcoin core + specter + coldcard guide  “The goal of this guide is to get you setup with using bitcoin in a reasonably easy, affordable, and secure way. After you get comfortable with this setup you can easily upgrade your security and privacy without changing the software you are using.”

The beginner’s guide to creating & selling digital art NFTs  Unlockable content, filterable properties, limited-edition listings, and more… As word spreads about the rise of Non-Fungible Tokens (NFTs), we’re fielding more and more questions from artists and creators looking to sell their work on the blockchain. For many, the first steps can be tricky to overcome. Crypto wallets? Ethereum? We’ve all been there. Here’s how to turn your art into NFTs and list them for sale on OpenSea.

Edition365: A portrait of the year that changed everything “Since the coronavirus pandemic swept the world in March 2020, humanity has shared – and documented – an extraordinary experience. History has unfurled in front of our eyes; cracks in our systems have been magnified, and across oceans and borders, ways of thinking, acting, and existing remain in flux. Intended to stand as a historical reference for decades to come, Edition365 is the newest open call from 1854 and British Journal of Photography, set to produce a global and multi-faceted portrait of the year that changed everything. Edition365 will culminate in a major virtual exhibition in collaboration with growing nexus of the digital art space, New Art City, alongside a collectible photobook and an NFT auction.

Where do you go to get your favorite Crypto News? Leave a comment below!

CryptoCurrency Watch – Update November 16, 2021

CryptoCurrency Watch – Update November 16, 2021

The crypto market continues to break records. Bitcoin and Ethereum have set all-time highs, as has the crypto market as a whole.

What else has happened throughout this crazy week in crypto? We’ll tell you below.


Bitcoin and Ethereum attain all-time highs…again

Less than a month after hitting all-time highs, Bitcoin and Ethereum are at it again. The two largest cryptocurrencies by market capitalization eclipsed their previous highs, recording prices above CAD $85,973 and CAD $6,024 respectively.

At one point, BTC rose as high as CAD $85,999, while ETH set a new record at CAD $6,074. These incredible moves within the market were part of a larger rally that saw the crypto market surge above CAD $3.7 trillion for the first time.

Of course, it’s difficult to tie price movement to certain events, but there are those within the market who believe Bitcoin and Ethereum will continue their upward trend during the weeks ahead.

Solana and Reddit Co-Founders Collaborating on Web3 Social Media Initiative

The co-founder of Reddit, Alexis Ohanian, and Solana Labs co-founder Raj Gokal, have teamed up to invest CAD $125.5 million toward decentralized social initiatives. Ohanian’s venture firm, Seven Seven Six, and Solana Ventures will both pony up a cool USD $50 million to fuel growth in the social crypto market.

Ohanian made the announcement in Lisbon, Portugal, at the Solana Breakpoint conference, with Gokal by his side to fuel the crowd. “Build the next Twitter, build the next Facebook, build the next Instagram,” the co-founder stated, spurring attendees into a frenzy.

The project will maintain a strong focus on the services available through Solana, however, Ohanian believes the future lies with cross-chain functionality. As a result, the collaboration between the two companies will consider all projects no matter what blockchain is in use.

However, the question that must be asked is ‘Can decentralization create an answer to today’s social media problems?’ Privacy and control are two concerns that need to be addressed in today’s online world. Will this be the catalyst that drives an innovative solution? We’ll have to wait and see.

Twitter jumps into the dApps marketplace

A new player has entered the decentralized apps space and it’s likely you’ve heard of them. Twitter announced a new team dedicated specifically to exploring and developing in the dApps space. The team – named Twitter Crypto – will have Tess Rinearson at the helm.

Rinearson stated on the platform that she is, “Thrilled to share that I’ve joined Twitter, to lead a new team focused on crypto, blockchain, and other decentralized technologies.

Twitter Crypto will focus on decentralizing social media while providing content creators with an avenue to earn cryptocurrencies. Additionally, the team is expected to focus on the Web 3 space and all things that pertain to blockchain technology.

Read More Articles from my favorite news sources below:

HOW LEVERAGE IN THE DERIVATES MARKET DIPPED THE BITCOIN PRICE