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Day: January 24, 2022

Crypto Market Overview: BTC, ETH, Top Metaverse Coins, Top NFTs

BTC Price Live Data: The live Bitcoin price today is $34,317.50 USD with a 24-hour trading volume of $33,790,139,423 USD. We update our BTC to USD price in real-time. Bitcoin is down 2.98% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $649,931,418,475 USD. It has a …

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$130 billion wiped off crypto markets in 24 hours as bitcoin, ether drop to multi-month lows

KEY POINTS The cryptocurrency market saw around $130 billion wiped off its value over the last day as major digital coins continued their multi-day sell-off. Bitcoin and ether are off more than 50% from their all-time highs and trading at their lowest levels since July. The movements in cryptocurrency markets have been correlated to the …

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Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin

Mercadolibre, one of the biggest Latam-based unicorns, has announced strategic investments in two cryptocurrency exchanges: Paxos and Mercado Bitcoin. With these investments, the platform gets closer to cryptocurrency, having already bought bitcoin as a direct investment for its treasury, and offering the possibility of investing in crypto for its users in several countries in Latam. …

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Dow falls for a 7th day on Monday, S&P 500 pullback reaches 10%

U.S. stocks fell Monday following the S&P 500′s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve. The Dow Jones Industrial Average lost about 360 points, or 1.2%, falling for a seventh straight day. The S&P 500 dipped 1.3%. The benchmark is down …

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When and why did the word ‘altcoin’ lose its relevance?

Altcoin” has referred to all cryptocurrencies other than BTC since the advent of ETH. Today, however, many no longer qualify as altcoins. All cryptocurrencies other than Bitcoin (BTC) were first described as altcoins for a single reason: There was a rise of projects that copied and pasted Bitcoin’s source code. The cryptocurrencies in the early …

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Dock Plans to Use Cryptos for International Money Transfers: Reuters

Brazilian financial services platform Dock offers solutions for the entire digital payments ecosystem, according to Reuters. The company, formerly Conductor Technology, plans to utilise cryptocurrencies for international remittances and to expand markets in the Latin American and European regions. The company said it would convert Brazilian reals to bitcoin first and then to another country’s currency for international remittances. To …

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No Developed Nation Bans Cryptocurrencies, Telegram Founder Pavel Durov Warns Russia

Pavel Durov, founder of the messaging app Telegram, has criticized Bank of Russia’s proposal to impose a blanket ban on a range of crypto-related activities. Such move would stifle high-tech development and chase away blockchain specialists, Durov says. Durov Speaks Out Against Bank of Russia Push for Crypto Ban The cryptocurrency ban proposed by the …

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Twitter Seeks Senior Crypto Role on Heels of NFT Verification Announcement

The job posting advertises “NFT tooling, membership tokens, DAOs and more!” “Want to help shape the future of crypto at Twitter?” asks Tess Rinearson, Twitter’s crypto engineering lead, in a Friday tweet. The role – “Senior Product Manager, Crypto,” according to a job listing posted this week – has a special focus on “creator monetization.” “In this capacity, …

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WHY JANUARY IS A HISTORIC MONTH FOR BITCOIN

What makes the first month of the year such an important part of Bitcoin’s history? It’s almost difficult to believe that later in 2022, Bitcoin will celebrate its 14th “birthday.” Over the last 14 years, Bitcoin has made great strides, growing ridiculously and setting itself up to usurp the U.S. Dollar as the world’s reserve …

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Top 5 Leading Decentralized Insurance for DeFi Users

Traditional assets have been commonly protected through the use of insurance, which would soften the blow should something happen to that individual’s investment. There are now multiple options for insurance, specific to the DeFi ecosystem and projects contained in that ecosystem. Currently, only 2% of DeFi holdings are insured, which is a dangerously low amount …

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