Category: Crypto News

Bitcoin, NEAR, FTT, ETC and XMR are attempting to rebound off their strong support levels, indicating buying on dips.

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It’s already mid-January, and the crypto market is displaying enormous progress potential. There are various cryptocurrencies to speculate on this yr. Nonetheless, some are extra promising and are the cryptocurrencies to purchase and maintain as you anticipate them to blow up in 2022. This checklist accommodates cryptocurrencies to purchase and maintain and likewise the explanation why they’re prone to explode in 2022.

1. Bitgert

Bitgert recognition within the business shouldn’t be concerning the hype however the disruptiveness of the DeFi product the crew is engaged on. The Bitgert crew is creating probably the most highly effective Defi initiatives, together with a robust international p2p cost system operating on the venture mainnet. This implies that Bitgertteam is creating a whole DeFi ecosystem that incorporates a blockchain and a cryptocurrency change.

The thrilling factor about Bitgert is the individuality of the products. The Brise exchange is a centralized crypto exchange and is already within the remaining growth phases. It’s launching in Q1, and the beta version is popping out on the end of Feb. The blockchain can be gasless and can feature relay chain and parachain technologies. The Bitgert zero gas fees blockchain is launching in 2022. Bitgert is unquestionably a cryptocurrency to purchase and maintain. For more about this project, go to the Bitgert website

2. Centcex

The Centcex crypto project is attracting a lot of investment due to the innovative features the team has designed. The Centcex project is building advanced and user-friendly cryptocurrency-based applications. These applications will be running on the ecosystem to earn investors’ income. Centcex products include exchanges, staking programs, user bases, and dApps. The products will be unlimited and will be funded by 3% of all transactions on the Centcex ecosystem.

The team is already in the process of building a Centcex exchange, with the user interface and the database structure already complete. This means the exchange is coming out very soon. The staking reward is 100% APY of the products’ revenue. With all these rewards and the project being less than 2 months old, Centcex is a cryptocurrency to buy and hold today. Visit the Centcex website for more.

3. Shiba Inu

Shiba Inu is one of the cryptocurrencies that you need to consider buying today and hold because of the huge potential it holds this year. Shiba has one of the largest crypto communities, and its market value is one of the biggest today. At the time of writing, Shiba was #14 on the list of the largest cryptocurrencies.

But it is the development happening on the Shiba network to make Shiba an ideal crypto investment. The team is launching the widely Anticipated Doggy DAO that is giving the Shiba Inu community the right to vote on all decisions, including trading pairs, crypto projects, how $BONE  rewards are distributed. The DAO is also fixing the problem of whales’ manipulations. These developments might explode Shiba Inu in 2022.

4. Bitcoin

Bitcoin was one of the cryptocurrencies heavily affected by the recent price plunges. But it is among the cryptocurrencies with huge potential to explode in 2022. This is why we have it as one of the cryptocurrencies to buy today and hold. Apart from the improving mainnet, the rising demand for Bitcoin for various reasons makes it an ideal investment.

Bitcoin is quickly growing as a currency by many brick and mortar stores. There are also many people selling goods and services, and in return, they get Bitcoin. The other reason why Bitcoin is growing fast is its growing preference over gold for value storage. There is also a huge number of Bitcoin buyers coming in due to the anticipated price rise.

5. Ethereum

Ethereum is another cryptocurrency with a huge potential to explode in 2022. In fact, price prediction shows that Ethereum might increase by over 100% by the end of the year, making it one of the cryptocurrencies to buy and hold. Many developments on the Ethereum network will make the coin explode in 2022. Ethereum 2.0 upgrade will be a major factor.

The Eth 2 upgrade is already in the second phase, which includesmigratingPoW to PoS protocol. The third phase is expected to launch in 2022. The protocol upgrade will make the Ethereum network faster, cheaper, and more secure. The blockchain will also be more user-friendly. These are developments that will make $ETH explode in 2022.

6. Dogecoin

Dogecoin is another cryptocurrency projected to perform well this year, which makes it an ideal coin to buy today and hold. By the end of the year, the coin is expected to have exploded by a huge percentage to earn investors good returns. Despite the upgrade of the Dogecoin mainnet and adding more utility to the token, other factors are making this digital currency popular.

The Dogecoin Foundation re-launching is giving investors confidence in this coin. But it is also the team of Dogecoinadvisors that is attracting attention. Vitalik Buterin and Elon Musk are among the advisors. The two billionaire investors have a massive influence. In fact, Tesla accepted Dogecoin as a currency. Dogecoin is one of the crypto coins to watch.

7. Binance coin

Binance coin will be another god coin in the coming days. There are several things making this coin ideal for holding. BNB is expected to increase by more than 100% from the market predictions. This is mainly observed from the growing demand for the Binance coin. Important to note is the increasing number of Binance based tokens built on the Binance Smart Chain.

The demand for the Binance Exchange is also growing demand for Binance coin. The exchange is currently recording the highest volume of tokens traded every day. These factors will make BNB one of the most sought-after cryptocurrencies. It is an ideal coin to buy and hold today because the future looks great.

The previous week has been a roller-coaster journey for the cryptocurrency market. The highest cryptocurrencies by market capitalisation ended the week with gentle beneficial properties. Bitcoin hovered round $48,000 and ETH remained round $4000. A lot of the different altcoins witnessed a big volatility with Bitcoin dominance happening to 40%. One of many largest rivals to Ethereum, Solana, had one more bearish week after dropping greater than 12%. The native token of Polygon networks, MATIC, witnessed a bump within the buying and selling volumes. The token had been consolidating for fairly a while. Nevertheless, current partnerships and integrations have brought about plenty of exercise within the token driving its worth greater.

Technical evaluation reveals that Bitcoin is forming a vital double-top sample on the weekly timeframe. This sample is normally thought of as a dependable parameter to foretell a bearish momentum. The final time this sample was noticed, Bitcoin dropped by virtually 35%. It may very well be one more reason that’s stopping merchants from going lengthy at present costs. Bears would naturally be extra lively at such moments.

Constructing on the DeFi ecosystem, standard crypto alternate Coinbase has introduced that clients in over 70 nations are in a position to earn yield with their crypto holdings.

With a various charge of curiosity, clients can choose in to earn DeFi yield by means of the DAI stablecoin. The holdings will then be deposited with Compound Finance, which is an “business main” DeFi protocol as per the alternate.

Earlier this 12 months, the US SEC threatened to sue the alternate if it launched its yield-earning product referred to as Lend.

Coming to macro occasions that impacted the cryptocurrency ecosystem this previous week, China’s ban on crypto mining (once more) miners made their option to completely different nations to proceed their operations with none hitches. After discovering secure haven in Kazakhstan, many miners are actually searching for a brand new house as pushbacks from the federal government have began.

The federal government proposed a restrict to the event of latest mines of a complete of 100 megawatts (MW) nationwide in October, setting an higher boundary for the potential of crypto mining development in Kazakhstan. Many corporations have merely left their {hardware} to arrange store within the US or Russia.

This comes after the minister of power mentioned in November that they wouldn’t minimize the ability to legally-operating mines.

Top 5 crypto gainers during the week:

Bit Torrent (BTT)	up 34%
Near Protocal (NEAR)	up 25%
Gala token	up 24%
Bitcoin SV	up 22.3%
Loopring	up 21%

Top 5 crypto losers this week:

Kadena	20% down
ThorChain	14.7% down
Decred (DCR token)	13% down
Compound token	12% down
Immutable X	11% down

Article Original source: https://economictimes.indiatimes.com

“As an advocate for empowering students to succeed, I’m excited to partner with Dr Pepper to host the ‘Bitcoin Toss’ during the Dr Pepper Tuition Giveaway program,” said Cuban. “This year’s competition is sure to thrill, so let the games begin!”

Cuban will join the two participants in a live coin toss, which will take place on Instagram and TikTok. Dr Pepper selected Jill B., a business major at UC Berkeley, and Kaitlyn O., a computer science major at Boston University, to compete in the Bitcoin Toss. According to the release, the Dr Pepper Tuition Giveaway has provided over $12 million in tuition to students across the U.S.

“The giveaway takes place each year as part of the College Football Season and tuition is awarded as part of the classic Throw Competition during the Championship games,” per the release. “This year, students applied for tuition through the #IDeserveTuition TikTok challenge, which encouraged students to post a video application through the app.”

The Bitcoin Toss is a new initiative brought into the program this year and will happen on November 20 as NCAA College Football begins its Week 12. The lucky winner will take home tuition support in bitcoin.

“Not only are we excited to partner with Mark Cuban to host the first-ever ‘Bitcoin Toss,’ we’re proud to continue to support students pursuing their academic goals in what has been the most exciting year of the Dr Pepper Tuition Giveaway yet,” said Derek Dabrowski, VP of brand marketing for Dr Pepper.

Billionaire Mark Cuban will join Dr Pepper’s Tuition Giveaway Program to surprise two student applicants with the chance to win $23,000 in bitcoin, according to a press release. The “Bitcoin Toss” contest will be part of Dr Pepper’s 13th annual Tuition Giveaway Program.

“As an advocate for empowering students to succeed, I’m excited to partner with Dr Pepper to host the ‘Bitcoin Toss’ during the Dr Pepper Tuition Giveaway program,” said Cuban. “This year’s competition is sure to thrill, so let the games begin!”

Cuban will join the two participants in a live coin toss, which will take place on Instagram and TikTok. Dr Pepper selected Jill B., a business major at UC Berkeley, and Kaitlyn O., a computer science major at Boston University, to compete in the Bitcoin Toss. According to the release, the Dr Pepper Tuition Giveaway has provided over $12 million in tuition to students across the U.S.

“The giveaway takes place each year as part of the College Football Season and tuition is awarded as part of the classic Throw Competition during the Championship games,” per the release. “This year, students applied for tuition through the #IDeserveTuition TikTok challenge, which encouraged students to post a video application through the app.”

The Bitcoin Toss is a new initiative brought into the program this year and will happen on November 20 as NCAA College Football begins its Week 12. The lucky winner will take home tuition support in bitcoin.

“Not only are we excited to partner with Mark Cuban to host the first-ever ‘Bitcoin Toss,’ we’re proud to continue to support students pursuing their academic goals in what has been the most exciting year of the Dr Pepper Tuition Giveaway yet,” said Derek Dabrowski, VP of brand marketing for Dr Pepper.

The Famous Crypto exchange Binance has said that they are trying to track down the scammers behind the well known Squid Game cryptocurrency.

The SQUID token rose from as little as $0.01 over the weekend to almost $3,000 before crashing to 0 by Monday.

One of the largest Crypto exchange Binance has said they have created a team of investigators trying to hunt down those behind the Squid Game cryptocurrency scam who made out with $2 million, per Business Insider. 

Binance has said the team is “deploying blockchain analytics to identify the bad actors,” according to a spokesperson. 

“Our security team has launched an investigation—as a gesture of goodwill,” the spokesperson added in an email to Business Insider. 

Changpeng Zhao, Binance CEO who more often goes by the moniker CZ, weighed in on a blog post published earlier today. 

“Because these scams are becoming more commonplace as the DeFi space grows, I’d like to take this opportunity to remind users that DeFi is not without its risks, and we hate to see anyone lose their funds due to scams and other cybercrimes,” CZ said. 

The Squid Game scam

The scam debuted on decentralized exchanges (DEX) PancakeSwap and DODO as a Binance Smart Chain token, and reached an all-time high of $2,856 before the token’s affiliated websites and platforms vanished. 

SQUID launched using a play-to-earn model, which means that users could conceivably earn more of the token by participating in a variety of games. To participate, users needed to buy SQUID tokens. 

The token was riddled with major red flags from the start, not least the plethora of spelling mistakes found on the website, and fake endorsements from big names like Elon Musk. Most alarmingly though, users could buy SQUID, but not sell them. 

On November 1, the project’s official Telegram channel wrote, “Squid Game Dev does not want to continue running the project as we are depressed from the scammers and is overwhelmed with stress. We have to remove all the restrictions and the transaction rules of Squid Game.” 

And with that, the rug pull was complete. Now it appears that Binance will unmask the anonymous founders. 

This isn’t the first time Binance has made a lot of self-generated noise about its role in bringing down criminal enterprises. 

Working with international law enforcement agencies, Binance helped expose a cybercrime gang last month that was worth approximately $500 million. 

“Our ongoing partnerships with law enforcement, as well as security and blockchain analytics firms, will be a driving force in improving cybersecurity measures across the wider crypto industry,” Binance said in a statement at the time.

Yet, Binance has also spent most of this year raising the ire of financial services regulators around the world. 

Binance’s regulatory controversies

For most of 2021, Binance has suffered a plethora of public spats with regulators around the world. 

The Dutch Central Bank and Japan’s Financial Services Agency issued consumer warnings about the exchange. The Cayman Islands Monetary Authority and Italy’s Consob said Binance was unlicensed in their jurisdictions. 

The Malaysia Securities Commission took enforcement action against Binance for operating illegally in the country. 

In the UK, the Financial Conduct Authority issued a consumer warning about Binance Markets Limited (BML) in June and then doubled down saying the firm was incapable of being regulated after it allegedly failed to provide basic information about how the business and wider Binance Group is organized.