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Terra (LUNA) Flips Binance Smart Chain for DeFi TVL
Terra (LUNA) Flips Binance Smart Chain for DeFi TVL

Terra (LUNA) has flipped Binance Smart Chain in terms of TVL for DeFi. This makes Terra as the second-highest blockchain protocol for DeFi TVL after Ethereum. Terra is a blockchain ecosystem that focuses on deploying stablecoins for DeFi. Blockchain ecosystem Terra has now exceeded Binance Smart Chain (BSC) to become the second-largest blockchain for decentralized finance (DeFi) in terms of total value locked (TVL).  The news came as LUNA has seen a meteoric rise to become ninth highest cryptocurrency in terms of market capitalization. As per CoinGecko, LUNA price is at $92.58 at the time of writing. Also, this is

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Axie Infinity Community Raises Funds for Typhoon-Struck Philippines
Axie Infinity Community Raises Funds for Typhoon-Struck Philippines

The Axie Infinity community raised funds to help the Philippines after the devastations of typhoon Odette. A majority of Axie Infinity players come from the said country. Community members from the NFT game hit Axie Infinity spearheaded multiple fundraising efforts to help the Philippines after various regions in the country suffered severe devastations due to typhoon Odette. Yield Guild Games, an NFT gaming community that is involved in Axie Infinity, is one of the chief proponents of the crypto-based funding. As of December 21, the guild was able to amass over P21 million (around $420,000). One video showed Jeffrey Zirlin,

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Nike dips into Metaverse with RTFKT Acquisition
Nike dips into Metaverse with RTFKT Acquisition

Nike acquired digital sneaker company RTFKT (Artifact). RTFKT creates digital assets for metaverse gamers and creators. Also, Nike created a digital showroom on Roblox. Global apparel brand, Nike, acquired a digital fashion and sneaker design company called RTFKT. RTFKT, pronounced Artifact, creates digital sneakers and other designs using augmented reality. RTFKT designs are then used by metaverse gamers and creators. Notably, this is not Nike’s first non-fungible tokens (NFTs) partnership. Prior to this, Nike opened a digital showroom on Roblox. The top sneaker brand even applied to trademark its digital merchandise. The crypto boom earlier this year (2021) fueled the

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Binance, Dubai World Trade Center Partner for Crypto Regulation
Binance, Dubai World Trade Center Partner for Crypto Regulation

The Dubai World Trade Center Authority (DWTCA) is planning to regulate cryptocurrency in the UAE. DWTC has partnered with crypto exchange Binance for the success of the endeavor. Dubai seeks to register 1,000 crypto-based businesses by 2022. The Dubai World Trade Center Authority (DWTCA) recently announced its plans to regulate cryptocurrency in the UAE. Specifically, the commercial center in the heart of Dubai is aiming to become a comprehensive zone and regulator for crypto. Included in the regulation are crypto exchanges, crypto-based products, and other related businesses. Also, to ensure the success of the endeavor, DWTC is partnering with the

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BTC Falls Below Key Support. Is Ethereum Era Coming?
BTC Falls Below Key Support. Is Ethereum Era Coming?

Bitcoin price has fallen below the key support level at $46,000. Market indicators suggest a longer road to recovery. Meanwhile, Ethereum market dominance is at 20% while Bitcoin dominance is at 38.6%. The crypto market is still in a bloodbath, and all hopes of having an over-the-top end of the year rally seems to have evaporated. In particular, Bitcoin has fallen below a key support price at $46,000. This support level has been pivotal to keep Bitcoin price from going bearish. As we can see from the chart above, the $46,000 key support has been crucial to Bitcoin price recovery.

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Basketball Legend Michael Jordan Taps Solana for NFT
Basketball Legend Michael Jordan Taps Solana for NFT

Basketball legend Michael Jordan has tapped Solana for his NFT in 2022. Jordan supported NBA Top Shot’s Dapper Lab in early 2021. By acclamation, Jordan is the best basketball player of all time. Basketball Hall-of-Famer Michael Jordan has partnered with Solana to launch his own set of non-fungible tokens (NFTs) in 2022. These digital properties will highlight his greatest plays in the basketball world. Specifically, Jordan is working with his son, Jeffrey, for their latest venture named Heir Inc., a platform that aims to connect athletes with their fans. Heir secured at least $10 million in its seed funding round,

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iTrustCapital Expands DeFi Stack With Fireblocks Integration
iTrustCapital Expands DeFi Stack With Fireblocks Integration

America’s iTrustCapital announces integration with Fireblocks. Together they will bring enhanced security to customers.  Customers can now enjoy a broader DeFi stack of products and services. America’s top software platform for buying and selling crypto via IRA retirement accounts — iTrustCapital, announces its integration with Fireblocks. The latter is a highly recognized infrastructure provider for digital asset businesses.  In detail, this development will allow iTrustCapital to further expand the custody of its client assets. More so, it will also bring competitive new services and products across the DeFi stack. In turn, this will provide a stronger level of security to

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Idaho Central Credit Union Now Accepts Bitcoin Transactions
Idaho Central Credit Union Now Accepts Bitcoin Transactions

Credit union in Idaho, U.S. accepted Bitcoin services into its banking platform. Idaho Central Credit Union partnered with NYDIG, an institutional Bitcoin broker Bitcoin, the king of crypto assets, continues to be acknowledged by investors and companies around the world. Recently, the largest credit union in Idaho, U.S., has accepted Bitcoin services into its banking platform. In detail, Idaho Central Credit Union has partnered with NYDIG, an institutional Bitcoin broker.   This made Patrick Sells, chief innovation officer at NYDIG react:  “ICCU’s focus on member experience and on providing a diverse array of solutions has enabled it to build a reputation

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Binance and MDI Ventures To Expand the Blockchain Ecosystem in Indonesia
Binance and MDI Ventures to Expand Blockchain Ecosystem in Indonesia

Binance is working with a group led by MDI Ventures to expand the blockchain ecosystem. This venture is aimed at the fourth most populous country in the world — Indonesia.  All parties involved are hoping to grow together as partners. One of the biggest names in the blockchain and crypto industry — Binance, has struck a joint venture with a group led by MDI Ventures (MDI). Together, the entities plan to expand the blockchain ecosystem in Indonesia.  In detail, this team is aiming to boost the development of blockchain in Indonesia by developing a new Indonesian-based digital asset exchange. Indeed,

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Crypto Mining gets Greener, Faster After Elon Musk Criticism
Crypto Mining gets Greener, Faster After Elon Musk Criticism

Crypto mining is now cheaper, faster, and less energy-consuming than 8 months ago. Elon Musk trigged a crypto market slump after criticizing Bitcoin mining in May. Also, EV Battery Technology recently launched an emission-free mining solution. In less than 8 months after triggering a huge market collapse, crypto mining has metamorphized as faster and greener. This is according to a study of several leading crypto mining companies like EV Battery Technology, Riot Blockchain, BIT Digital, and Bitfarms to name a few miners. Earlier this year, Tesla CEO, billionaire and Time person of the year, Elon Musk, criticized cryptocurrency for its

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Is the Crypto Supercycle Still Going to Happen Soon?
Is the Crypto Supercycle Still Going to Happen Soon?

The crypto market is deep in the red again.  Community members are questioning if the crypto supercycle is still going to happen. Analysts claim that the supercycle is still in play. The crypto market is bleeding badly again despite previous attempts to have a green holiday season. Despite calls saying that the crypto supercycle is going to happen this year, particularly from November to early January, current prices are hinting otherwise. Among the top ten cryptocurrencies on CoinGecko, only Dogecoin is in the green. This is partly due to Tesla CEO and now TIME’s Person of the Year Elon Musk’s

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Germany’s Top Savings Bank to Offer Bitcoin to Clients
Germany’s Top Savings Bank to Offer Bitcoin to Clients

Sparkasse will enable clients to buy, sell, and hold Bitcoin. Sparkasse is Germany’s largest savings bank with over 50 million clients. At the time of writing, Bitcoin price is at $47,591.88. Germany’s biggest savings bank Sparkasse is planning to enable its clients to buy, sell, and hold bitcoins. According to various media sources, the bank is already working toward the mentioned goal and will possibly launch the service in 2022. This ongoing project of Sparkasse was previously confidential, although German publication Finance Forward revealed the details today. Earlier, the bank has been very cautious of cryptocurrencies and has been informing

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