#Bitcoin #OpenSea #OdellBeckhamJr

I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://www.vice.com/en/article/y3vnzw/scammers-exploit-opensea-flaw-to-buy-nfts-at-rock-bottom-prices

Scammers Exploit OpenSea Flaw to Buy NFTs at Rock-Bottom Prices

Scammers appear to be leveraging an issue with NFT marketplace OpenSea to purchase valuable NFTs at a much lower price than their current listing.

Multiple researchers and developers have laid out the ongoing issue, with some indicating that individual NFTs worth hundreds of thousands of dollars have been sourced using the design flaw.

The issue came to light when NFT collector "TBALLER" tweeted that their valuable Bored Ape #9991 sold for the bargain-bin price of .77 ETH, or $1,775 early on Monday morning. "Yooo guys! Idk what just happened by why did my ape just sell for .77?????" they tweeted. Almost immediately, the buyer, who goes by "jpegdegenlove," resold the ape NFT for 84.2 ETH, or nearly $200,000.

https://www.euronews.com/next/2022/01/23/crypto-crash-bitcoin-losses-half-its-value-and-extends-losses-as-market-fails-to-rally?utm_source=flipboard.com&utm_campaign=feeds_money&utm_medium=referral

Crypto crash: Bitcoin losses nearly half its value and extends losses as market fails to rally

Bitcoin continued to plunge on Saturday following Friday’s cryptocurrency market crash, dropping 5.6 per cent to sit below the $35,000 (€30,851) threshold for the first time since August.

The world's biggest and best-known cryptocurrency slipped to $34,448.94 (€30,365.53) at 7.10 PM CET on Saturday, losing $1,878.27 (€1,655.63) from its previous close.

Cryptocurrencies across the board continued to slide in value, with indexes a sea of red still on Sunday.

https://bitcoinist.com/2022-will-be-the-year-when-nfts-explode-into-hyperspace-here-are-some-projects-to-look-out-for/

2022 Will Be the Year When NFTs Explode Into Hyperspace. Here Are Some Projects To Look Out For

Back in 2020 if somebody were to claim that the nonfungible token (NFT) market would scale up to the heights it currently sits atop today, it would not be an unreasonable reaction to completely brush aside the notion. However, fast forward to 2022, and over the course of the last 12 odd months, conservative estimates suggest that this burgeoning sector has been able to accrue more than $40 billion in value!

From elite athletes to artists to page 3 celebrities — and pretty much everyone else in between — NFTs seems to have piqued the interest of everyone across the globe. What’s even more interesting is that a number of studies clearly show that this rapidly evolving space is projected to grow at a compound annual growth rate (CAGR) value of 185.0% over the course of the next five years. What this suggests is that we may just be getting started in terms of how much financial potential this space actually possesses.

https://ambcrypto.com/if-ethereum-foundation-is-accurately-timing-the-market-heres-what-it-means/

If Ethereum Foundation is accurately timing the market, here’s what it means

‘Buy the dips and sell the rally,’ would be any seasoned trader’s piece of advice for timing the market. But, this timing can seldom be accurate in real-time.

But, interestingly, a recent observation by trader Edward Morra seems to suggest that Ethereum’s all-time highs are matching with the sell-offs by Ethereum Foundation.

https://www.marketwatch.com/story/nfls-odell-beckham-jr-took-his-750-000-salary-in-bitcoin-how-much-did-it-end-up-costing-him-11643050374?mod=flipboard_industries

NFL’s Odell Beckham Jr. took his $750,000 salary in bitcoin — how much did that end up costing him?

Los Angeles Rams wide receiver Odell Beckham Jr. made headlines last November when he announced he would be converting his 2021 salary into bitcoin.

The problem for Beckham: that bitcoin BTCUSD, -2.06% prices have been plummeting.

Cryptocurrencies including bitcoin and ethereum ETHUSD, -2.22% extended their ongoing slide on Monday. Ether was down 8% over the past 24 hours, and bitcoin prices fell below $35,000, including a 4% drop in the past 24 hours. 

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #ElonMusk #PresidentBiden

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://cointelegraph.com/news/russian-tech-and-political-executives-denounce-crypto-ban-proposal

Russian tech and political executives denounce crypto ban proposal

Russia’s recent ban on crypto has drawn criticism from a number of big names, including Alexei Navalny’s chief of staff Leonid Volkov, and Telegram founder Pavel Durov.

On Jan. 20, Russia’s Central Bank published a report proposing a blanket ban on domestic crypto trading and mining. The report stated that the risks of crypto are “much higher for emerging markets, including Russia.”

However, it appears that this proposed ban isn’t universally accepted in the former Soviet Union. A Jan. 22 post by the Telegram founder, Pavel Durov stated that the proposed ban on crypto would “destroy a number of sectors of the high-tech economy.”

https://www.inc.com/jason-aten/elon-musks-3-word-tweet-sums-up-what-everyone-is-already-thinking-about-web3.html

Elon Musk's 3-Word Tweet Sums Up What Everyone Is Already Thinking About Web3NFTs are getting a lot of attention. Maybe too much attention.

On Thursday, Twitter announced that people who pay for Twitter Blue, a $3 per month subscription, would be able to change their profile picture to a non-fungible token (NFT). Doing so would change the shape of your photo from a circle to a hexagon to identify that you had in fact linked an NFT wallet, and didn't just upload some random pixelated photo of a monkey.

In response, Elon Musk--who is never shy about saying what he's thinking--tweeted three words that I think sum up what almost everyone is already thinking about Web3.0: "This is annoying."

https://ambcrypto.com/chinese-investors-ryan-selkis-seem-to-agree-its-best-to-buy-bitcoin-at-this-price/

Chinese investors, Ryan Selkis seem to agree it’s best to buy Bitcoin at this price

As Bitcoin dove into a pool of red yet again – taking many investors’ sentiments with it – El Salvador’s President Nayib Bukele happily announced that he hadn’t missed the dip after all. On the contrary, the head of state reported that El Salvador had bought another 410 Bitcoin for $15 million.

However, is this truly the best time to buy the dip? According to journalist Colin Wu’s survey of Chinese investors, a significant majority planned to buy Bitcoin over Ethereum during the dip.

https://www.euronews.com/next/2022/01/23/crypto-crash-bitcoin-losses-half-its-value-and-extends-losses-as-market-fails-to-rally?utm_source=flipboard.com&utm_campaign=feeds_money&utm_medium=referral

Crypto crash: Bitcoin losses nearly half its value and extends losses as market fails to rally

Bitcoin continued to plunge on Saturday following Friday’s cryptocurrency market crash, dropping 5.6 per cent to sit below the $35,000 (€30,851) threshold for the first time since August.

The world's biggest and best-known cryptocurrency slipped to $34,448.94 (€30,365.53) at 7.10 PM CET on Saturday, losing $1,878.27 (€1,655.63) from its previous close.

Cryptocurrencies across the board continued to slide in value, with indexes a sea of red still on Sunday.

The price of Bitcoin was, however, up 1.8 per cent from the year's low of $34,000 (€29,970). It’s also plummeted over 40 per cent since its historic high in November when its value reached $68,992 (€60,895.79).

https://www.coindesk.com/policy/2022/01/24/biden-administration-to-release-executive-order-on-crypto-as-early-as-february-report/

Biden Administration to Release Executive Order on Crypto as Early as February: Report

The directive would place the White House in a central role overseeing efforts to set policies and regulate digital assets, Bloomberg reported.

Federal agencies have already been studying or providing regulatory guidance around the digital asset sector for years.

The Office of the Comptroller of the Currency (OCC), SEC and CFTC have issued guidance letters, informal statements and public rulemaking efforts to direct how different aspects of the crypto industry should comply with federal law. But these efforts have not been coordinated in a single document or by one agency.

Biden Administration senior officials have met multiple times to discuss the directive, which will be presented to the president in the next few weeks, according to Bloomberg.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #ElSalvador #NayibBukele

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://bitcoinist.com/ethereum-losing-to-competitors-due-to-high-fees/

Ethereum May Be Losing Out To Competitors Due To High Gas Fees, Says JPMorgan

JPMorgan has piled on the ethereum high gas fee issue as a reason why it could end up losing out to competitors like Solana and Cardano. These other projects past significantly fewer transaction fees than ethereum, being one of the major pull points for investors. Due to this, it is increasingly losing users to other platforms who have found they can carry out DeFi activities for much lower fees.

Ethereum Fees Are Too High

In a recent research note, JPMorgan analyst Nikolaos Panigirtzoglou explained that the high fees associated with using the ethereum blockchain have some major drawbacks for the network. Networks with smart contracts capability are in what is essentially an arms race to be the leading platform for decentralized finance (DeFi). Although ethereum remains in the lead, its high gas fees continue to set the network back.

https://finbold.com/market-strategist-downgrades-btc-price-target-to-17k-but-expects-slight-near-term-surge/

Market strategist downgrades BTC price target to $17k but expects slight near term surge

Gareth Soloway, the chief market strategist at InTheMoneyStocks.com, has said the ongoing Bitcoin volatility might see the asset correct to below $20,000 but maintains the cryptocurrency’s long-term prospects remain bullish.

Speaking to Kitco News, Soloway stated that the price will likely hit $17,000 but acknowledged that the value might slightly surge to about $46,000 in the near term, but the position won’t hold for long. 

He believes the correction is a consequence of the general market de-leveraging that has spilt over to Bitcoin.

https://gizmodo.com/crypto-com-finally-acknowledges-34-million-stolen-by-h-1848389819

Crypto.com Finally Acknowledges $34 Million Stolen by Hackers

Trading platform Crypto.com lost about $34 million worth of cryptocurrency in a hack on Monday, according to a new blog post by the company published overnight. The company had previously declined to say much about the hack, which forced users to stop withdrawals for most of the day, and only reassured customers they wouldn’t lose any money.

Hackers made off with 4,836.26 ethereum, 443.93 bitcoin, and approximately $66,200 in other crypto coins from precisely 483 users, according to the company. Crypto.com, which has about 10 million users, halted all withdrawals on Monday for about 14 hours after “suspicious activity” was detected, and forced all users to reset their two-factor authentication methods.

https://petapixel.com/2022/01/20/student-becomes-a-millionaire-after-turning-selfies-into-nfts-as-a-joke/

Student Becomes a Millionaire After Turning Selfies Into NFTs as a Joke

A 22-year-old Indonesian college student has become a millionaire overnight after turning his collection of daily selfies into non-fungible tokens (NFTs) as a joke.

A Daily Selfie Since 2017

Sultan Gustaf Al Ghozali, a computer science student from Semarang, Central Java, has had a habit of shooting a selfie a day in front of his computer for the past four years, starting from when he was 18 years old. While he has missed some days, his album now contains nearly 1,000 selfies, which he initially shot to create a passage-of-time timelapse in the style popularized by Noah Kalina’s everyday project.

https://futurism.com/el-salvador-bitcoin-economy

An Entire Country Switched to Bitcoin and Now Its Economy Is Floundering

Months after El Salvador announced that it would accept bitcoin as legal tender, the country has found itself on the verge of economic collapse yet again.

The country’s president Nayib Bukele made waves last year when he announced that the nation would accept the token for use at stores and banks. The self-described “CEO of El Salvador” even announced plans to build a “Bitcoin City“ to turn the country into “the financial center of the world.”

However, it turns out that forcing your nation’s banks and stores to accept a currency large swaths of the population are unfamiliar with and don’t trust is a good way to tank your economy, according to a castigating report by Fortune. 

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #metaverse #MarkCuban

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://ambcrypto.com/is-it-almost-the-end-of-bitcoin-bottom-fishing/

Is it almost the end of Bitcoin bottom fishing

$40,000 has been strong support for Bitcoin in the past month, with the 7-day lowest dipping close to $40,600 on CoinGecko. Well, the interesting question here is- With Bitcoin’s recovery to $43,200 at press time, will it be soon time to cease bottom fishing?

Bloomberg cited an analysis by Genesis Global Trading that noted Bitcoin looks stable on the back of recent options activity. It essentially indicates the possibility of an upside. Apart from that, the analyst noted that the difference in ‘implied volatility of bullish and bearish bets’ is now close to zero. Revealing demand for more call options over put options, which is a bullish indicator.

Notably, the Bitcoin Volatility Index (BVIN), which measures the implied volatility of Bitcoin, showed a downtrend in the chart.

https://www.cracked.com/article_32018_the-metaverse-shows-why-making-good-cyberpunks-so-hard-now.html

'Cryptoland:' A Quick Dive Into Crypto Enthusiasts' Idea Of Utopia

Another year, another eye-rolling venture from people who jump on every get-rich-quick scam rather than actually do something environmentally sustainable or just, you know, not wholly for themselves. This one has the familiar crypto critter trappings of finding new ways to 1) pretend they’re uber-wealthy by adding some made-up value to their identities, and 2) do whatever it takes to keep that pretend value all for themselves — i.e., not pay taxes.

https://ambcrypto.com/with-crypto-market-shivering-in-a-state-of-extreme-fear-buy-the-dip-fever-is/

With crypto market shivering in a state of extreme fear, ‘buy the dip’ fever is…

Buying the dip has now become a ritual as soon as Bitcoin’s price crashes, and there’s a lot banking on bringing home the king coin when it’s at its lowest point. Looking at the coin crashes in December and January, an investor might be wondering if the trend is still on. Data from a Santiment report sheds light on what might really be going on.

All up in your feelings

Santiment tracked the social volume and dominance of “buy the dip” or “bought the dip” calls, to show that most people made the call well before Bitcoin hit its lowest prices during the December 2021 and January 2022 crashes.

https://bitcoinist.com/mark-cuban-investments-in-cryptocurrencies/

Mark Cuban On Centering 80% Of His Investments In Cryptocurrencies

Cryptocurrencies as an investment have blossomed to one of the most recognized in the finance space. It is no longer left for small, retail investors who are only putting a few hundred dollars at a time in cryptocurrencies. High net worth individuals like billionaires and institutional investors are moving into the space given the opportunities that are presented within it.

Mark Cuban, owner of the Dallas Mavericks, and a big supporter of cryptocurrencies has revealed that he invests heavily in the space. For the Shark Tank investor, any investments that are not related to those presented on the show are heavily skewed towards the crypto industry.

https://thenextweb.com/news/metaverse-will-have-you-hooked-onto-a-blockchain-syndication

Why the metaverse will have you hooked onto a blockchain

You may think the metaverse will be a bunch of interconnected virtual spaces – the world wide web but accessed through virtual reality. This is largely correct, but there is also a fundamental but slightly more cryptic side to the metaverse that will set it apart from today’s internet: the blockchain.

In the beginning, Web 1.0 was the information superhighway of connected computers and servers that you could search, explore and inhabit, usually through a centralized company’s platform – for example, AOL, Yahoo, Microsoft and Google. Around the turn of the millennium, Web 2.0 came to be characterized by social networking sites, blogging and the monetization of user data for advertising by the centralized gatekeepers to “free” social media platforms, including Facebook, SnapChat, Twitter and TikTok.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #ChangpengZhao #Binance

I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://cheddar.com/media/bitcoin-fell-below-40-000-on-monday-just-months-after-hitting-an-all-time-high

Bitcoin Fell Below $40,000 on Monday Just Months After Hitting an All Time High

Investors were on edge on Monday following bitcoin plummeting below the $40,000 dollar mark, hit its lowest price since September. The world's largest crypto has had months of hot and cold streaks, hitting a record high of $69,000 just months earlier in November. The latest drop now has analysts wondering just what 2022 will have in store for bitcoin and crypto as a whole. Budd White, Chief Product Officer at Tacen explains what’s next for bitcoin and what other cryptos should be on the lookout for.

https://decrypt.co/90251/bitcoin-ethereum-death-cross-should-you-care?utm_medium=referral&utm_campaign=feed&utm_source=flipboard

Bitcoin and Ethereum Are Heading for a 'Death Cross.' Should You Care?

"Death cross" is a technical term from the world of stock trading.

It signifies a rare meeting of the 50- and 200-day price averages.

Death crosses are never good, but crypto experts are not particularly worried.

https://www.makeuseof.com/cryptos-you-can-mine-at-home/

6 Cryptos You Can Mine at Home in 2022

Cryptocurrency mining is incredibly expensive. It requires you to spend thousands in buying expensive GPUs (or ASICs), arranging them together, and spending more to buy power supplies and other computer components. However, not all cryptocurrencies require this much hashing power.

At its core, mining is all about solving complex mathematical problems. For every complex equation solved, miners receive a small "fee" for their efforts. Mining is important as it helps verify transactions on the blockchain. However, the concept of diminishing marginal returns means that miners get paid less and less over time. However, if you have a semi-decent GPU or better, you can mine too!

https://www.bloomberg.com/news/articles/2022-01-12/bitcoin-trading-president-likely-loses-money-for-el-salvadorans

Bitcoin-Trading President Likely Lost Money for El Salvador

El Salvador’s President Nayib Bukele is probably the only head of state in the world who uses public funds to trade Bitcoin with his phone.

So far, it appears he’s lost money. That’s because the process is shrouded in secrecy, though the country has bought at least 1,391 Bitcoins, based on what the 40-year-old Bukele has said on Twitter.

https://edition.cnn.com/2022/01/11/business/binance-changpeng-zhao-net-worth-intl-hnk/

Crypto CEO becomes one of the world's richest billionaires

A cryptocurrency CEO has become one of the richest people on Earth.

Changpeng "CZ" Zhao, who runs the crypto exchange Binance, has joined the ranks of the world's top billionaires, with an estimated net worth of at least $96 billion, according to new calculations from the Bloomberg Billionaires Index published Monday.

Zhao's projected fortune now rivals that of Oracle (ORCL) founder Larry Ellison and surpasses that of Mukesh Ambani, the Indian tycoon whose fortune has also soared over the last two years.

The ascent of the Chinese-Canadian entrepreneur is emblematic of the rapid creation of wealth in the fast-moving world of digital currencies.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #JackDorsey #JayZ

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://www.cnet.com/personal-finance/crypto/what-is-bitcoin/

A beginner's guide to bitcoin and cryptocurrency

Cryptocurrency reached a peak in 2021. Bitcoin once again notched an all-time high valuation, surpassing $65,000 (earlier in the year, it had dipped below $30,000). And this year bitcoin -- and cryptocurrency in general -- penetrated deeply into financial services as well as the culture, gaining an expanding foothold in popular art, commerce and other corners of the mainstream.

If you're looking for a primer on bitcoin and cryptocurrencies, you're in the right place. We'll take a look at the basics -- what bitcoin is, where it comes from and how to buy it -- as well as a range of other topics including valuation, legality and its practical applications.

https://www.theblockcrypto.com/linked/127700/dorsey-names-board-members-of-his-bitcoin-endowment-with-jay-z?utm_source=rss&utm_medium=rss

Dorsey names board members of his bitcoin endowment with Jay-Z

Twitter co-founder and Block CEO Jack Dorsey announced the board members of his bitcoin development endowment in collaboration with Jay-Z today.

The two previously announced their intention to give 500 BTC to set up ₿trust, an endowment to fund bitcoin development with a starting focus on teams based in Africa and India. When he unveiled the plan for a blind trust in February, Dorsey said he needed three board members.

https://www.barrons.com/advisor/articles/passwords-digital-assets-online-accounts-heirs-estate-planning-51639602475

How to Ensure Heirs Avoid a Password-Protected Nightmare

Deborah Placet had no idea how to access her husband’s cryptocurrency and other digital accounts after his unexpected death at age 52. “The funny thing is, we’re in the [advisory] business,” says Placet, managing partner of Scottsdale, Ariz.-based RJP Estate Planning.

Placet turned to IT forensic experts to help her access accounts including her husband’s IRA. “It’s taken a lot of work and a lot of effort,” she relays. After nearly three years, however, she reports that she still has not gained access to her late husband’s Bitcoin account. This year, Bitcoin reached an all-time high price of nearly $69,000 per coin.  

https://ambcrypto.com/with-the-lengthening-of-market-cycle-expect-the-unexpected-from-bitcoin/

With the lengthening of market cycle, expect the unexpected from Bitcoin

The Bitcoin market finally seems to have regained its footing, following the volatile deleveraging event last week as BTC’s price finally retested the $48,800 mark. Over the last week, Bitcoin prices were largely range-bound, between the lower $45,600, and higher $51,000 mark.

As BTC finally retested the $48,850 mark, the anticipation of a bullish turn increased in the market but was it too soon to expect that?

https://www.dmarge.com/2021/12/bitcoin-ethereum-buy-the-dip.html

Bitcoin & Ethereum Keep Falling. Is Now The Time To Buy The Dip?

Bitcoin (BTC) and Ethereum (ETH) are both on a major downward slide.

Bitcoin is down over 32.4% from its new all-time high on November 10 and is – at the time of writing – trading for US $46,756 (AU $65,828).

Ethereum has followed suit, although it hasn’t fallen as sharply as Bitcoin, it’s down 22.6% from its November 10 all-time high and is currently trading at US $4,878 (AU $6,868).

Despite the recent decline in value, both cryptocurrencies have still performed extremely well this year. Bitcoin is up 144.2% year-to-date, while Ethereum is up an impressive 539% from January the 1st. 

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #Nike #Metaverse

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://bitcoinist.com/safe-bets-during-a-crypto-winter/

Safe Bets During a Crypto Winter

Crypto winters occur in four-year cycles, with the most recent occurring in 2018. Unfavorable events like the US Infrastructure Bill, China’s prohibition on Bitcoin mining, and the release of the Omicron Covid version are predicted to cause significant selloffs of Bitcoin and Ethereum in early November 2021.

Many experts still see Bitcoin and Ethereum as speculative assets due to huge trade volumes and market manipulation on key exchanges. Like Bitcoin and Ethereum, other cryptocurrency projects and endeavors are also undergoing a crypto winter.

https://bitcoinist.com/bitcoin-hash-seven-day-moving-average-rate/

Bitcoin Hashrate Hits New Record High Post-China Crackdown

Bitcoin has now seen a dramatic recovery in its hashrate since China had carried out its crackdown about half a year ago. The hashrate had dropped significantly when the region had made crypto mining activities illegal and had chased miners out of the country. China, then known as the bitcoin mining capital of the world, had hosted about 70% of mining activities.

Following the crackdown, the mining hashrate from the region crashed to zero. This had greatly affected the mining community which had scrambled to find new homes for their mining farms. Now, five months later, most of the miners have resettled into other parts of the world and mining hashrate has recovered, soaring to new highs in the process.

https://www.euronews.com/next/2021/12/14/elon-musk-announces-tesla-will-start-accepting-dogecoin-as-payment?utm_source=flipboard.com&utm_campaign=feeds_money&utm_medium=referral

Elon Musk announces Tesla will start accepting Dogecoin as payment

Tesla boss Elon Musk said the electric carmaker will accept the cryptocurrency Dogecoin to purchase its merchandise on a test basis.

The price of Dogecoin surged as much as 32 per cent on the news, before settling around a 25 per cent high, according to Coinmarketcap.

"Tesla will make some merch buyable with Doge & see how it goes," Musk said in a tweet on Tuesday.

https://www.coindesk.com/layer2/2021/12/14/get-ready-for-the-2022-metaverse-real-estate-boom/

Get Ready for the 2022 Metaverse Real Estate Boom

This time last year, if someone had said, “I’ll sell you a plot of virtual land for 1 ETH,” most of us would have told them to kick sand. Now a year later, most of us are finding that we are the ones kicking sand, and not virtual sand in the Sandbox.

Everyone in blockchain wants to be early, ahead of the curve. To everyone who believes they missed out on the latest blockchain gold rush, virtual land, think again. A more efficient and scalable future for the intersection of blockchain and real estate is being built as we speak – and it’s not solely confined to the Ethereum blockchain.

https://www.theverge.com/22833369/nike-rtfkt-nft-sneaker-shoe-metaverse-company

Nike just bought a virtual shoe company that makes NFTs and sneakers ‘for the metaverse’

One comparison I’ve heard repeatedly over the last year is that buying NFTs to “flex” on people in the metaverse is just like collecting sneakers, and now Nike is apparently trying to make sure it’s ready for the literal version of that possibility. The apparel giant just announced the acquisition of RTFKT Studios, which it calls “a leading brand that leverages cutting edge innovation to deliver next generation collectibles that merge culture and gaming.”

RTFKT claims that in February, a collaboration with teenage artist FEWOCiOUS to sell real sneakers paired with virtual ones managed to sell some 600 pairs/NFTs in just six minutes, netting over $3.1 million at the time. This was around the same early spring period when most of us were hearing about NFTs for the first time, as Grimes sold some $6 million worth of digital artwork on March 1st. It’s not clear if any of these digital items are worth as much now; looking at OpenSea and Nifty Gateway right now, I see a number of them are either listed for or have recently sold for less than their original prices.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #NFT #alltimelow

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://cointelegraph.com/news/small-ethereum-investors-increase-exposure-as-eth-loses-4k-level

Small Ethereum investors increase exposure as ETH loses $4K level

Ethereum's native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities.

According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding less than or equal to 0.01 ETH reached a record high level of 19.95 million on Dec. 4, the day ETH dropped to as low as $3,575 (data from Coinbase).

https://ambcrypto.com/2022-might-see-doge-shib-fall-but-the-real-winners-will-be/

2022 might see DOGE, SHIB fall, but the real winners will be…

As 2021 comes to a close, certain crypto-themes are expected to gather momentum and steam in 2022. According to Messari’s latest report, in fact,

“Crypto, or the recently en vogue ‘Web3’, is an unstoppable force in the long-term.”

Metaverse and Web3

Economist Natasha Che agrees, with Che recently opining that “mass adoption of web 3 tech is only starting.” Institutions are going big on Web3 services and the Metaverse space. According to another report, SK Square Co., the investment arm of Korea’s oldest conglomerate, is accelerating in the sector. A statement made by Managing Director Huh Seok-joon suggested,

“Our business needs to evolve into the metaverse.”

https://www.dmarge.com/2021/12/bitcoin-mining-milestone.html

Bitcoin Crashes Through ‘Point Of No Return’ Milestone

The supply of total Bitcoins in circulation is capped at 21 million, and we have now hit 18.8999 million Bitcoin currently circulating on the network, as of Monday morning, according to Blockchain.com. This is 90% of all Bitcoins.

The very first Bitcoins were mined on January the 9th, 2009. That means it has taken twelve years for Bitcoin miners to hit the 90% mark.

https://www.fool.com/investing/2021/12/13/why-the-3-biggest-cryptocurrencies-bitcoin-ethereu/?source=isafpbcs0000001&utm_source=flipboard&utm_medium=feed&utm_campaign=firehose

Why the 3 Biggest Cryptocurrencies Bitcoin, Ethereum, and Binance Coin Plunged Today

When the big dogs lead the way, others follow.

What happened

Today's price action in the wide world of cryptocurrencies has been broadly negative. Indeed, when the three largest tokens by market capitalization -- Bitcoin ( BTC -6.17% ), Ethereum ( ETH -7.96% ) and Binance Coin ( BNB ) -- are all down, the market tends to follow suit.

Over the past 24 hours, these large-cap tokens each lost 3.5%, 3%, and 5.1%, respectively, as of 9:30 a.m. ET. Unsurprisingly, the overall crypto market was down 3.6% over the past day, driven largely by these moves.

https://www.cnet.com/news/nfts-explained-why-people-are-spending-millions-of-dollars-on-jpegs/

NFTs explained: Why people are spending millions of dollars on JPEGs

What, if anything, could convince you the image above is worth $9 million?

What you're looking at is an NFT, one of the first ever created. It's part of the CryptoPunks collection, a set of 10,000 NFTs released in 2017, a time when much of the world was still finding out what bitcoin is.

Most likely you've already rolled your eyes, either at the $9 million figure or at the very idea of NFTs themselves. The response to nonfungible tokens hasn't changed much since March when they first started exploding. The public at large has reflexively dismissed them as environmentally harmful scams. The bigger the sale, the more brazen the injustice. 

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #2FA #cryptohackers

I'd like to welcome everyone to my new Podcast

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://www.makeuseof.com/top-crypto-coins-2022/

The Top 10 Crypto Coins to Look Out For in 2022

Every month, more developers release their own crypto coins, while established coins grow in value. There are now thousands of crypto coins, and many of these have a promising future within the market. In 2022, we may be seeing certain coins continue to rise, or even reach their all-time price high. So, which coins should you be looking out for in 2022, and why?

https://www.laptopmag.com/features/dont-use-your-number-for-2fa-on-crypto

Don’t use your number for 2FA on crypto accounts — here’s why

Ultra-tight account security in the cryptocurrency world is a must. Not only are your digital assets at risk, but crypto exchanges are notorious for offering lousy customer support. If your account gets hacked and a malicious actor drains your funds, good luck finding a live agent! Even Coinbase, one of the world’s most popular crypto exchanges, is known for being as helpful as a chocolate teapot when it comes to recovering compromised accounts.

As such, crypto investors should be gung-ho about implementing preventative security measures because the crypto realm isn’t as forgiving as the fiat world when it comes to lost assets. Two-factor authentication (2FA) is a highly recommended way to add an extra layer of security to your account, but there’s a caveat — using your number could put your assets in grave danger. There’s a troubling scam that’s growing more popular among crypto hackers: SIM swapping.

https://ambcrypto.com/this-exec-says-despite-almost-getting-killed-several-times-bitcoin-ethereum-survive/

This exec says despite ‘almost getting killed several times,’ Bitcoin, Ethereum survive

Bitcoin has had its fair share of ups and downs. Supporters of Bitcoin have always waxed eloquent about its resilience, or if one might go so far as to say, its ability to come come back from the dead. Bitcoin has been declared “dead” in mainstream media 434 times.

Despite the scores of times that various personalities and publications pronounced it dead, the asset continues to rise in value and be adopted by major institutions, even the prominent traditional finance ones. The plot below highlights the same.

https://www.complex.com/pop-culture/people-react-to-keanu-reeves-hilarious-reaction-to-concept-of-ntfs/tweet-10

People React to Keanu Reeves’ Hilarious Reaction to the Concept of NFTs

With their new film The Matrix Resurrections set to hit theaters Dec. 22, Keanu Reeves and Carrie-Anne Moss sat down with The Verge this week to discuss how technology is blurring the line between what’s real and virtual.

At one point of the interview, The Verge’s Alex Heath asked the actors about their feelings on cryptocurrency, NFT collectibles, and the concept of digital scarcity.

“Did you guys see the Matrix NFT they did for Resurrections a couple days ago?” Heath asked. “They came out with 100,000 of them and the site broke within a few hours because there were 300,000 people in the queue trying to buy these NFTS.”

https://edition.cnn.com/2021/12/12/tech/crypto-exchange-hacks-explainer/

Crypto heists are only getting bigger. Here's what you should know

Over the summer, an anonymous hacker stole roughly $600 million in cryptocurrency from Poly Network, a decentralized finance network many outside the crypto world had likely never heard of. Then the hacker gave it back.

Four months later, hackers stole at least $150 million from crypto exchange Bitmart. According to one analysis, unidentified hackers used a stolen private key to open two "hot wallets" and extract funds.

 

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #elsalvador #cryptotax

I'd like to welcome everyone to my new PODCAST

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://cointelegraph.com/news/bitcoin-whales-move-fresh-coins-to-exchanges-in-repeat-of-behavior-before-42k-btc-price-dip

Bitcoin whales move fresh coins to exchanges in repeat of behavior before $42K BTC price dip

Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000.

In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on exchanges were increasing again.

https://bitcoinist.com/why-peter-brandt-believes-bitcoins-downtrend-was-engineered/

Why Peter Brandt Believes Bitcoin’s Downtrend Was Engineered

After a brutal weekend for the bulls, Bitcoin is yet to stabilize around the high area of its current levels. As of press time, BTC’s price trades at $48,727 with a 2% profit in the past 24 hours and a 14.9% loss during the past week.

https://foreignpolicy.com/2021/12/06/bitcoin-city-el-salvador-nayib-bukele/

Bitcoin Failed in El Salvador. The President Says the Answer Is More Bitcoin.

Salvadoran President Nayib Bukele’s experiment in making Bitcoin an official national currency alongside the U.S. dollar, which has been the currency since 2001, has not gone well. But when a con artist’s grift starts to fall apart, he knows to move onto the next one fast. The same goes for fast-talking presidents.

More than 91 percent of Salvadorans want dollars, not bitcoins. The official Chivo payment system was unreliable at launch in September—the kiss of death for a new system. Users joined for the $30 signup bonus, spent it or cashed it out, then didn’t use Chivo again. The system completely failed to check new users’ photos, relying solely on their national identity card number and date of birth; massive identity fraud to steal signup bonuses ensued. Bitcoin’s ridiculously volatile price was appreciated only by aspiring day traders. Large street protests against compulsory Bitcoin implementation continued through October. The government stopped promoting Chivo on radio, TV, and social media. Chivo buses and vans were seen with plastic taped over the company’s logo.

https://bitcoinist.com/quant-explains-how-this-bitcoin-crash-is-different-from-mays/

Quant Explains How This Bitcoin Crash Is Different From May’s

A quant has explained how the Bitcoin exchange reserve on-chain indicator differs between the current crash and that of May’s.

After Spiking Ahead Of The Crash, Bitcoin Exchange Reserves Have Resumed Downtrend

As explained by an analyst in a CryptoQuant post, the current trend in BTC exchange reserves is quite different from when the crypto crashed in May.

https://edition.cnn.com/2021/12/06/business/money/cryptocurrency-digital-assets-information-reporting-feseries/

Investing in crypto? What to know about the new tax reporting requirements

Reporting your cryptocurrency trades to the Internal Revenue Service will no longer be based on an honor system. Starting with tax year 2023, any of your potentially taxable digital asset transactions will be reported to the agency by an outside party.

If you've ever held a job or invested in stocks, you know the money you make is reported to the federal government. That's because you and the IRS get a W-2 form from your employer that reports your annual earnings and a Form 1099 from your broker that reports your stock transactions.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations