Bitcoin Has Not Bottomed Out, Data Suggests; Ether and Other Altcoins Fall in Monday Trading

One of them, developed by CryptoQuant’s research team, is the Whale Exchange Inflow Price. This metric, which it says signaled the bottom in 2013 and 2018, measures the price at which bitcoin whales (those that hold between 1,000-10,000 bitcoins) have sent bitcoin to exchanges. Currently, CryptoQuant puts this number at $10,335. Author: Sam Reynolds, James Rubin Source link

Huobi Obtains License to Operate in the British Virgin Islands, States There Is No Timetable for Expansion Into the United Kingdom Yet

  Huobi’s affiliate Brtuomi Worldwide is one of the first exchanges in the British Overseas Territory to offer compliant crypto derivatives and trading services. In addition, Huobi, a major cryptocurrency exchange, is expanding its worldwide presence by entering the British Virgin Islands, a British Overseas Territory. Huobi stated on Friday that it had obtained an investing company license from the British Virgin Islands Financial Services Commission (FSC). The permission enables Huobi to run a virtual asset exchange through its subsidiary Brtuomi Worldwide Limited (BWL). BWL intends to provide various crypto…

Starbucks Announces New NFT Utility For Coffee Members

Starbucks The nonfungible tokens, or NFTs, are created on Polygon’s proof-of-stake blockchain. Starbucks said on Monday that its U.S. members would be able to earn and purchase digital collectible stamps in the form of nonfungible tokens, or NFTs. Each collectible digital stamp, dubbed “Starbucks Odyssey,” will have its ownership validated on the blockchain and will carry a point value depending on its rarity. Members’ points will rise as they collect more stamps, giving them access to exclusive activities. Starbucks claims the incentives range from a virtual espresso martini-making workshop to…

Everything you ever wanted to know about Web3

Elon Musk, Jack Dorsey, and venture capitalist Marc Andreessen can’t seem to agree on what Web3 is and whether it’s even happening. In late 2021, as blockchain companies started calling themselves the “This of Web3” and the “That of Web3,” Musk asked, “Has anyone seen web3? I can’t find it.” Though the term isn’t long enough to be a Wordle guess, it’s constantly being redefined to include more and more. Web3 is built on the idea that there are two distinct stages of the internet, and that we’re entering a…

Fireblocks records $100M+ revenue in subscriptions amid bear market

Fireblocks, a New York-based blockchain security service provider, made over $100 million in Annual Recurring Revenue (ARR) this year, confirming the rising interest in the crypto ecosystem that contradicts negative investor sentiments. ARR relates to the recurring revenue earned by a company based on subscriptions. As a software-as-a-service provider, Fireblocks witnessed overwhelming interest in decentralized finance, blockchain and Web3 technologies. The reason behind increased revenue amid an ongoing bear market can be attributed to an overall change in mindset, as companies and investors seem more inclined toward exploring crypto use…