New staking and governance features back Ocean Protocol’s 40% rally

Data collection, aggregation and analysis have become some of the largest profit generators for companies like Facebook and Google who have designed an array of algorithms purposed with harnessing user data in order to better optimize the user interfaces of their applications and their online marketplaces.  While collecting the data is the ultimate objective, the events of the past few years have also shown that securing it and ensuring that the privacy of customers and users is protected is imperative. Combining data collection with the ability to securely store it…

3 key Ethereum price metrics show pro traders are aiming for $2K ETH

On Feb. 20, Ether (ETH) price rallied to a new high at $2,015 and this caused multiple indicators to display signs of excessive optimism. While the excitement could be easily justified by Ether’s  year-to-date 176% gain, these warning signs should not be ignored. On of the primary driving factors of the current bullish sentiment is the launch of CME ETH futures and Grayscale Investments ETH Trust reaching $6.3 billion assets under management. The DeFi phenomenon also continues as there is currently more than $21 billion worth of Ether locked in DeFi. Crypto Fear…

Time To Be Careful: Why Traders Are Cautious On Bitcoin Right Now

Bitcoin price is back above $50,000 after a short-lived correction in the range below the key level. However, since the cryptocurrency has reclaimed the halfway point to $100K, open interest has skyrocketed. The sudden sharp increase in open interest has traders cautious currently. Here’s a closer look at why that’s the case and what could happen as a result. Open Interest Climbs Alongside Bitcoin As It Surpasses $50,000 Bitcoin is still reeling from the whale-included selloff at $58,000, that sent the cryptocurrency dropping by 20% in just days. The leading…

Energy Web Token (EWT) rallies 50% shortly after listing on Kraken

One of the biggest debates taking place on a global scale relates to energy production and the integration of renewable energy sources into an electrical grid dominated by carbon-based fuels and nuclear power.  Energy Web Token (EWT) is one project that is growing in popularity as it aims to integrate blockchain technology into the energy sector. The project also plans to help with application development and it is creating a decentralized energy exchange. Data from Cointelegraph Markets and TradingView shows that the price of EWT increased 65% from a low…

Badger DAO announces $21 million treasury diversification via VC partners

Some major venture capital names are ‘sett’ to join the Badger DAO community.  Bitcoin on Ethereum-focused decentralized finance (DeFi) protocol Badger DAO announced today a $21 million sale of DAO treasury assets to four major investors: Polychain Capital, Parafi Capital, Blockchain Capital, and noted whale wallet 0xB1. The sale was made as part of a wider “Treasury Diversification through Strategic Partnerships” plan first outlined in Badger Improvement Proposal (BIP) 37. The Badger treasury, currently worth over $600 million USD, is primarily allocated in $BADGER, the DAO’s native governance token, and…

Sports collectible NFTs will have ‘tremendous value created,’ says Fanatics chair

Basketball legend Magic Johnson has a future with the bulls. No, he’s not returning to play for the NBA, but joining a major sports licensing company that looks favorably at the rise of the non-fungible token market. In an interview with CNBC’s Squawk Box today, Michael Rubin, executive chairman of sports merchandise company Fanatics, said the digital and physical collectible market was “exploding” due in part to many spending more time at home last year. Johnson just joined Fanatics’ board as an independent director and seemed to shared Rubin’s optimism. “It’s…

DeFi who? NFTs are the new hot stars on the crypto block

The last bull run of 2017 was defined by the initial coin offering craze, which took a turn for the worse with foreseeable consequences for overvalued projects that had little more than a team and a poorly written white paper. While many useful projects were able to blossom from the ICO era, including Ethereum and others, most have come and gone with the wind, leaving thousands of unwary investors holding on to worthless bags of tokens. A full market cycle later, and there’s now yet another rally that seems to…

You Don’t Need to Report Bitcoin With Dollars, Says IRS

Key Takeaways The IRS has provided clarity on answering the mandatory “Yes/No” question about “virtual currency” transactions on income tax form. The agency updated instructions and wrote that investors who purchased crypto using USD and held it during 2020 can respond “No.” Share this article New instructions from The Internal Revenue Service (IRS) say taxpayers do not need to report their crypto purchases made with the dollar. IRS Eases Investors’ Tax Load The IRS has provided more clarity when answering the mandatory “Yes/No” question about “virtual currency” transactions on the…