David Bold

Blog Info CoinCheckup Blog – Cryptocurrency News, Articles & Resources
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Jan 14 2022

Tether Blacklists Three Ethereum Addresses and Freezes $150 Million Worth of USDT

Tether, the owner and operator of the largest stablecoin network in the world, has blacklisted three Ethereum addresses on Thursday, and effectively froze $150 million in USDT split among them.

Crypto Exchange FTX Launches $2 Billion Venture Capital Unit To ‘Advance Web3 Adoption’

FTX, a leading digital asset trading platform, has launched a new $2 billion investment fund with the intention of growing global blockchain adoption and supporting companies from a wide range of fields, including “gaming, fintech, software, and healthcare.”

Dogecoin Catapults to a Monthly High on the News of Tesla Shop Integration

Dogecoin is now an accepted payment method on the leading car manufacturer’s online shopping platform.

Jan 13 2022

Near Foundation Raises $150 Million for Major DeFi Push, NEAR Catapults to New ATH

Near Foundation, the owner and developer of a leading Ethereum competitor, Near (NEAR), has announced the close of a $150 million financing round led by Three Arrows Capital with participation from several prominent crypto investment firms. The new capital will reportedly go towards the expansion of Near’s decentralized finance (DeFi) ecosystem.

Polygon’s EIP-1599 Upgrade is Slated for Next Week, MATIC Burning is Finally Here

On Wednesday, Polygon announced that the highly-anticipated EIP-1599 upgrade is coming to the leading Ethereum Layer-2 scaling solution early next week. The network upgrade will introduce MATIC burning mechanics and start putting deflationary pressure its value.

Jan 12 2022

Here’s How Cryptocurrencies, NFTs And Blockchain Can Help Content Creators Become Financially Independent

Many would agree that the world is currently undergoing a massive shift in terms of digitalization. This is true for essentially all parts of our society, from medicine, to education, to the military, to finance. This field of financial technology can and has taken many forms, however none have been as prominent or relevant within the last decade as that of cryptocurrencies, NFTs...

Monster Galaxy Play 2 Earn (GGM) is the Next Bybit Launchpad Project

Bybit, one of the leading digital assets trading platforms, has already announced its ninth Launchpad project, less than a week after the Kasta IEO ended. Bybit users will be able to participate in the initial exchange offering (IEO) of Monster Galaxy (GGM) with their BitDAO (BIT) funds. The Monster Galaxy team aims to raise $250,000 in the public sale of 10 million GGM...

Cash App Starts Rolling Out Lightning Network to its Users

One of the leading digital payment service providers, Cash App, has just integrated the Lightning Network, a Bitcoin Layer 2 solution allowing for drastically cheaper and faster transfers. The update comes three years after Jack Dorsey, a CEO of Block, the company that owns and develops Cash App, guaranteed that the Lightning implementation is not a question of if but when.

As Web3 Unfolds, We Should Protect the Best of Web2

2022 is shaping up to be an exciting year for NFTs, the metaverse, and the ongoing evolution of Web 3.0. The headlines have been coming thick and fast, but one of the biggest stories of the last week emerged from tech behemoth Samsung, which announced it was integrating NFT functionality into its new range of smart TVs. The announcement, which came ahead of...

Jan 11 2022

Disney’s New Patent Suggests Theme Park Metaverse is in the Pipeline

Disney, a multinational entertainment and media conglomerate, has reportedly secured a patent at the tail end of 2021 that will likely be instrumental in bringing interactive virtual reality to its theme part guests and suggests that a metaverse push is imminent.

League of Kingdoms (LOKA), a Blockchain MMO Strategy Game, is the Latest Project Featured on Binance Launchpad

Binance, the world’s most popular digital trading platform, has announced a new Launchpad project. Binance users will be able to participate in the League of Kingdoms (LOKA) initial exchange offering (IEO) with their Binance Coin (BNB) funds. 25 million LOKA tokens are allocated for the IEO at a sale price of 0.16 USD per token.

Litecoin Price Prediction – Key Market Indicators Forecast More Bearish Activity

The cryptocurrency market has seen significant bearish activity over the last week. Bitcoin, Ethereum, Litecoin, and other major digital assets have retraced to price levels not seen since last September.

Jan 10 2022

Binance CEO Changpeng ‘CZ’ Zhao Has an Estimated Net Worth of $96 Billion, According to Bloomberg

Changpeng Zhao, the founder and CEO of the world’s largest cryptocurrency exchange Binance has an estimated net worth of $96 billion, according to a Monday’s report published by Bloomberg.

Crypto-Focused Investment Firm a16z Raises $9 Billion For Its New Venture, Growth, and Bio Funds

Venture capital firm Andreessen Horowitz, also referred to as a16z, has recently announced it raised $9 billion that will be distributed among the company’s new trio of investment funds. The company made headlines last year when it launched a massive $2.2 billion crypto fund and later led a $100 million Series B investment in OpenSea, the largest non-fungible token (NFT) marketplace in the...

Yield Farming On The Rise As We Enter 2022

The world of cryptocurrencies, blockchain and DeFi is one filled with all sorts of opportunities to earn an income. While many would prefer to simply hold on to dear life when it comes to various crypto assets (also known as ‘hodling’), there are nonetheless those that actively seek out new ways through which these digital assets can be utilised to earn a source...

PayPal Confirms it is Working On Its Own Stablecoin

Digital payments giant PayPal is exploring the possibility of launching its own stablecoin to expand its growing suite of crypto products and services. The evidence of the company’s stablecoin endeavor was first spotted in the code of PayPal’s mobile app by software engineer Steve Moser, who shared his findings with Bloomberg on Friday.

Jan 07 2022

Goldman Sachs Foresees Bitcoin Hitting $100,000 and Taking on Gold

On Wednesday, investment banking giant Goldman Sachs (GS) published a note to its client in which it detailed how Bitcoin could reach a $100,000 price tag and grow past $1.8 trillion market valuation.

Jan 06 2022

What Predictions can be Made About Crypto for 2022?

With cryptocurrency being as volatile as it is, it can be extremely hard to try and predict what might happen over a daily basis. Indeed, the virtual currency has managed to carve a reputation of being incredibly unpredictable and one that can potentially be an investors nightmare. However, there is no denying that digital assets have become rather widespread throughout the world, as...

NFTs Boom on Polygon, Pushing the Network’s User Activity to All-Time High

Over the past couple of months, Polygon has become a hotbed for non-fungible tokens (NFTs), particularly those pertaining to the growing GameFi sector. The sales of unique digital items on the network nearly breached the 2 million mark in December after gaining considerable momentum throughout the second half of 2021.

Swiss Crypto Bank Sygnum Hits $800M Valuation Following $90M Series B Round

Sygnum, a regulated digital currency bank based out of Switzerland has raised $90 million in a Series B financing round, which elevated the company’s valuation to $800 million. The funding round was led by prominent alternative investment firms, including Sun Hung Kai & Co., Animoca Brands, and SBI Holdings.