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02/01/2022

By Medha Singh and Lisa Pauline Mattackal

(Reuters) - Bitcoin is beginning to reassert its dominance over challengers to its cryptocurrency crown.

The original digital coin was assailed by thousands of new "altcoin" competitors in 2021 - from solana and polkadot to litecoin and dogecoin - raising the prospect of a rapid fragmentation of the crypto market.

Yet bitcoin has stemmed its loss of market share this month, and begun to regain ground, as rattled investors seek the relative safety of the biggest crypto player while they contend with an aggressive Fed and talk of war in Europe.

Bitcoin's share of the $1.68 trillion crypto market has risen to about 42%, from 39% two weeks ago - the first time it has registered an increase since dropping from a peak of 46% in mid-October, according to data from CoinMarketCap which tracks 17,225 cryptocurrencies across 458 exchanges.

Market players caution that it's too early to call a trend, and note that while bitcoin has outperformed the industry, the entire crypto market has fallen this month. Nonetheless, some say 13-year-old bitcoin could continue to benefit versus its crypto rivals from the more cautious investment climate.

"If risk-off persists, bitcoin will suck up the liquidity in crypto markets," said Matthew Dibb, chief operating officer of Singapore-based crypto fund distributor Stack Funds.

While most cryptocurrencies still take their price cues from bitcoin, some fund managers expect a gradual divergence, or decoupling, this year that will require more discrimination.

"While many casual market observers were able to print a pretty satoshi (bitcoin investment) last year simply by watching their favorite assets go up, 2022 is likely to require a much more careful, nuanced, and active strategy," said Jeff Dorman, chief investment officer of digital asset management firm Arca.

"Pockets of strength will periodically emerge, and catching a few of those shifts will be incredibly important for performance this year."

01/31/2022

t was only a matter of time before China slapped a ban on Bitcoin (BTC) mining, trading and crypto services. To do anything with Bitcoin anywhere in the People’s Republic, one needs a special exemption. The Chinese government’s given reason for the Bitcoin crackdown is to reduce its well-documented climate impact. Regardless of the amount of truth in this explanation, one thing is clear: China’s righteous anger toward electricity-guzzling and carbon-spewing mined cryptocurrencies in the service of Earth’s climate is only the first shot in an impending global showdown over Bitcoin and other crypto projects that rely on proof-of-work (PoW), the complicated crypto security mechanism we subsume under “mining.” This does not seem like a battle crypto can or will win.

For many cryptocurrency enthusiasts who are holding Bitcoin, this is a difficult realization to face. Luckily, there is a helpful parallel, and it even has the same name: coal mining. Coal is on its last legs because there are cleaner, cheaper, more efficient and more technologically advanced alternatives.

Dominik Schiener is a co-founder of the Iota Foundation, a nonprofit foundation based in Berlin. He oversees partnerships and the overall realization of the project’s vision. Iota is a distributed ledger technology for the Internet of Things and is a cryptocurrency. Additionally, he won the largest blockchain hackathon in Shanghai. For the past two years, he has been focused on enabling the machine economy through Iota.

01/28/2022

The president of Turkey, Recep Tayyip Erdoğan, is turning into cryptocurrencies, as the national lira has been experiencing a downfall for the last few years. Turkey’s high inflation is disrupting the country, and cryptocurrency analysts believe that Bitcoin could help solve the country’s prolonged issues with inflation.

Erdoğan recently had a meeting with El Salvador’s president Bukele to discuss the potential of cryptocurrencies. Being against digital assets for a while and even banning crypto in the country, the Turkish leader now instructed his AK party members to research blockchain and cryptocurrency. The Central Bank of Turkey used to claim that crypto could cause permanent damage and user risks.

Turkish investors believe in the metaverse and have put money into the virtual land. Istanbul has over 11,000 lots in the metaverse that include the city’s iconic streets and trendy neighborhoods. Prices range from $15 – 40 to have a piece of Istanbul in the virtual world. Earlier in January, the Turkish government held a meeting in the metaverse to discuss the upcoming crypto regulation.

“I believe that metaverse-based meetings would be improved expeditiously and become an essential part of our lives,” Grand National Assembly of Turkey chairman Mustafa Elitaş said.

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01/26/2022

Grayscale, the world’s largest crypto asset manager, has added 25 coins to the list of assets it is considering adding to its investment products including VeChain, Iota, Monero and Axie Infinity.

Other assets are consideration are: Algorand (ALGO), Arweave (AR), Bancor (BNT), BitTorrent (BTT), BORA (BORA), Convex (CVX), Cosmos (ATOM), Decred (DCR), Elrond (EGLD), Enjin (ENJ), Fantom (FTM), Gala (GALA), Gelato (GEL), Helium (HNT), Holo (HOT), Oasis Network (ROSE), Secret (SCRT), Spell (SPELL), Stacks (STX), The Sandbox (SAND), Universal Market Access (UMA), and Yield Guild Games (YGG).

01/24/2022

Amid the overwhelming adoption of non-fungible tokens (NFTs) across multiple sectors, a group of blockchain and machine learning experts have come together to develop the next generation and implementation of NFTs.

With Orama, you could generate portraits for your avatar in different art style, such as this one of Makoto Shinkai. Named Orama, the new project is integrating artificial intelligence (AI) with NFTs to take digital art to the next frontier – the metaverse. According to information sent to CoinQuora, Orama users will be able to take advantage of its AI-assisted custom NFT, cross-chain integration, secondary ecosystem, portability, and more. Its native token Orama (ORM) can be utilized to access various kinds of services apart from purchasing NFTs.

Orama describes itself as the “future of NFT,” a platform that produces artworks minted as NFT which are original, novel, and of high quality. Orama aims to revolutionize the NFT industry with its cutting-edge AI technology: GAN (Generative Adversarial Network), and CAN (Creative Adversarial Network).

In addition, Orama offers users the vast opportunity to explore some of its other features including Orama Studios, Orama Bazaar, Orama Nexus, and Dream Lab. On top of these, the team also introduced its Orama Canvas feature, which helps individuals create varieties of artwork and content in a user-friendly and efficient way with no restrictions.

Orama is being developed to provide a digital environment conducive to the further development of the metaverse concept. The team is aiming to use the platform to onboard people to the metaverse concept, starting with NFTs.

The team also developed an extensive built-in reference library that allows it to create collections of art that are subsequently minted NFTs. The perk of it all is that ownerships may be freely sold and licensed on the engine’s own chain or through cross-chain.

The platform told CoinQuora that in the last 12 months, they have constructed an internal prototype after proving its viability via numerous tests and concept prototyping. Moreover, after a successful one year, Orama is now looking towards token sale, engine development, MVP deployment, debit/credit card support, and a lot more in the future.

01/19/2022

Circle’s USD Coin (USDC) has reached a major milestone by surpassing Tether (USDT) in total supply on the Ethereum network.

USDC’s current supply on Ethereum as of writing is 40.06 billion tokens, just ahead of USDT’s supply of 39.82 billion.

01/19/2022

Investing.com - Cardano was trading at $1.4023 by 00:48 (05:48 GMT) on the Investing.com Index on Wednesday, down 10.10% on the day. It was the largest one-day percentage loss since October 27, 2021.

The move downwards pushed Cardano's market cap down to $47.8603B, or 2.42% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $94.8001B.

Cardano had traded in a range of $1.4023 to $1.5323 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a rise in value, as it gained 17.58%. The volume of Cardano traded in the twenty-four hours to time of writing was $3.9184B or 4.99% of the total volume of all cryptocurrencies. It has traded in a range of $1.2226 to $1.6349 in the past 7 days.

At its current price, Cardano is still down 54.75% from its all-time high of $3.10 set on September 2, 2021.

01/19/2022

Each and every non-fungible token is unique. Each and every company engaged in the blockchain business wants to have its own exclusive image. Company owners do their best creating the most exquisite and peculiar profile. Inimitable style is the key point of the image-building strategy.

Let’s pay attention to the company that succeeded in finding its own path in the blockchain jungle. The Secret Society of Odd Fellows is a remarkable NFT project with quite an outstanding history behind.

There are 10,000 ERC-721 NFTs based on the Ethereum blockchain. Each Odd Fellow token is a combination of 160 various hand-drawn options by Redouane “red1gfx” Belhadi, an extremely talented young artist with more than 28,000 fans around the globe. There are eleven more extra NFTs created by Oschino Vasquez. He is a starry rapper who worked with Jay-Z and Kanye West. This time he put his microphone aside and took a paint brush to draw a very special NFT set. Jeremy Dunn is the first violin consolidating this team. There is a succession of fantastic projects associated with this person: Georgia Earle's BBQ Sauce, SameDayPros.com, and Money Mailer.

This trio of highly creative personalities is very ambitious about the NFT and blockchain technology. They are going to move heaven and earth with Real World Utility, which is the bridge between the digital reality and real life. The project has a number of real-world assets for its members. It might be a free bottle of liquor or a stack of pancakes served at a restaurant. The number of benefits is going to grow in the future. Their type and variety will be limited only by the richest imagination of the team.

On the 15th of January, 2022 the Secret Society of Odd Fellows will open its doors for everyone interested. The sale will start at 5:00 p.m. EST. Membership in the Society means perks and goodies for the Odd Fellow NFT holders. An Odd Fellow costs 0.08 ETH. It must be noted that 100% of royalties will be given back to the community. Such occasions are few, so it should be very attractive for potential investors. Visit https://oddfellowsnft.com/ to get more information on the Secret Society of Odd Fellows. Don’t miss out!

Each and every person is unique. Some people sit it out; some people strive for new challenges. Few people manage to change the world for the better. Finally those few are regarded as heroes, and everybody knows that the winners take it all.

01/13/2022

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