CryptyCent

2022-03-12 19:54:12 Okcoin launches $165M collective investment to push Bitcoin adoption

Cryptocurrency exchange Okcoin, along with the Stacks Accelerator and Stacks Foundation, announced on Thursday the start of the “Bitcoin Odyssey,” a one-year commitment among investment firms to invest $165 million in inventive solutions to help drive Bitcoin (BTC) adoption.

The Bitcoin Odyssey is funded by Digital Currency Group, GBV Capital, White Star Capital and GSR, among other organizations, to respond to the rise in interest in decentralized finance (DeFi) and new technological capabilities made possible with Stacks. Open / Comment

2022-03-12 13:25:54 Princeton launches blockchain research initiative with $20M from crypto-alumni

Prestigious Princeton University has launched an initiative to study the "Decentralization of societal power" through blockchain technology in an effort to explore the vast depths of it's social capabilities.

"The initiative will convene scholars across disciplines to understand the potential benefits and pitfalls of blockchain and other technologies, and their potential to disrupt centers of societal power."An official post from the university states that it will help it understand "The underlying engineering behind blockchain and related technologies". Open / Comment

2022-03-11 14:05:15 FTP Connect Stripe for Crypto Payments and KYC

Payment giant Stripe launches support for crypto payments for FTX clients. This will speed up registration and identity verification.

Now it will be easier for new FTX users to understand how to buy their first cryptocurrency. They can do it faster and easier using debit cards and banking apps. Open / Comment

2022-03-10 19:12:38 Privacy Coins Monero, Zcash Lead Crypto Market Rebound

Top privacy coins like Monero and Zcash are surging in price today, with several of them posting overnight gains of 10 to 20%. The largest privacy coin Monero, which has a market capitalization of over $3.5 billion, shot up 18.8% in the last 24 hours and trades for around $195.43.

Oasis, Secret and Horizon, respectively the third-, fourth- and fifth-biggest privacy coins by market capitalization, are also rallying hard.Privacy coins vary in method and utility, but broadly speaking, they use cryptographic techniques to obscure identifying information like addresses and transaction amounts from prying eyes. Open / Comment

2022-03-10 12:05:38 $95M of Shorts Liquidated as Bitcoin, Ether Rise 8%

More than $95 million worth of short positions were liquidated in the past 12 hours as the crypto market rebounded from yesterday’s support levels.Almost 88% of traders betting against an increase in crypto prices booked losses as exchanges closed leveraged positions due to a partial or total evaporation of the trader’s initial margin, data from analytics tool Coinglass show.

Crypto exchange OKX saw $44 million worth of short losses, the most among all crypto exchanges, followed by $22 million on Binance and $11 million on Bybit, data show.Some $47.45 million of bitcoin futures were liquidated in the past 12 hours. Open / Comment

2022-03-09 13:03:58 Avalanche Fund launches incentive program for US$ 290 million

Avalanche Foundation launches Avalanche Multiverse, an incentive program for developers, for $290 million (4 million AVAX). The program is aimed at developing the functionality of ecosystem subnets. Open / Comment

2022-03-07 19:32:02 FTX creates FTX Europe

The FX cryptocurrency exchange continues to expand its presence and creates FTX Europe branch. The company has already received the approval of the Cyprus financial market regulator CySEC.

Users of the European region will have the opportunity to trade various cryptocurrency products based on advanced FTX trading technologies and other digital assets. Open / Comment

2022-03-07 14:40:18 Coinbase has blocked about 25,000 addresses

Coinbase reported that it intends to comply with the sanctions. The exchange has already blocked about 25,000 addresses associated with Russian individuals or legal entities. The blog says that the exchange conducted its own investigation and considers the owners of the addresses involved in illegal activities.

Coinbase handed over information about them to the authorities. Open / Comment

2022-03-06 13:52:34 Anton Nell and Andre Cronje will stop supporting approximately 25 DeFi applications on April 3

Among them:

‣ yearn․fi
‣ keep3r․network
‣ multichain․xyz
‣ chainlist․org
‣ solidly․exchange
‣ bribe․crv․finance Open / Comment

2022-03-05 11:31:25 Data Shows Weak Hands Are Selling Bitcoin At A Loss

Glassnode analytics company has published a report analyzing the real price distribution by unspent transaction outputs (UTXO) in the Bitcoin network which shows the distribution of coin supply at the price it last moved on-chain. This enables you to determine which investors sold their BTC at a profit and which ones are at a loss.

From May 10, 2021, to Aug 21, many traders bought bitcoins at prices ranging from $54,000 to $60,000. But when the massive market decline began, many rushed to get rid of the falling asset. The selling period lasted for 71 days. Open / Comment