Decentraland celebrates 1 year anniversary with virtual party

User-owned virtual world Decentraland is celebrating its one-year anniversary true to form with a virtual party open to all.  “Relive the past 12 months of events, competitions, exhibitions, gatherings and more with messages from the community and the results of the #DCLFilmClub promo video contest screened for all,” read the party’s announcement blog post. Attendees will receive a Proof Of Attendance Protocol NFT, and will get the first look at The White Rabbit, an in-game club. Community members are also pitching in on the effort, with one land rental service…

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Polkadot (DOT) gains 42% ahead of its long-awaited parachain auctions

In the early hours of Feb. 20 Polkadot (DOT) trading volume began to see a significant increase which helped propel the multichain protocol to a new all-time high of $42.28.  Data from Cointelegraph Markets and TradingView shows that DOT hit a swing low at $29.36 on Feb.19 before experiencing a 44% breakout which took the price to a new 2021 high. DOT/USDT 4-hour chart. Source: TradingView Excitement continues to build in the Polkadot ecosystem ahead of the upcoming parachain auctions which will allow the Polkadot network to connect with other…

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Thanks a trillion Bitcoin, Binance Coin goes parabolic, NFT mania

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin hits $57,500 — And $1-trillion market cap signals it’s here to stay Bitcoin’s price continued to smash records this week, surging by more than 20% and hitting highs of $57,505.23 at one point. But the most significant milestone came when BTC’s market cap exceeded…

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3 key factors that propelled Ethereum to $2,000 for the first time ever

The price of Ether (ETH) is surging past $2,000 with strong momentum while gaining a bit of ground on Bitcoin (BTC) in the last 24 hours.  There are three key reasons behind the explosive rally of Ether, namely the rapid growth of DeFi, the hype around ETH after the CME futures listing, and the decreasing amount of BTC and ETH on exchanges. ETH/USDT 4-hour price chart (Binance). Source: TradingView.com CME futures listing institutional hype Ether hitting $2,000 for the first time ever follows the launch of CME ETH futures earlier…

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Ravencoin (RVN) gains 865% as interest in tokenized securities grows

Ravencoin (RVN) price has rocketed higher in February as a fresh wave of buying volume lifted the token’s price by more than 800% in the past 20 days.  Data from Cointelegraph Markets and TradingView shows that RVN rose from $0.016 on Jan.29 to a new all-time high of $0.189 on Feb. 19 on top of a record $1.28 billion in 24-hour trading volume. RVN/USDT 4-hour chart. Source: TradingView A scroll through the project’s Twitter feed shows an increase in activity from the account beginning on Jan. 27, when the project…

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Bitcoin skeptic debates Bloomberg analyst in latest Cointelegraph Crypto Duel

In a recent video debate, Bitcoin skeptic Frances Coppola debated Bloomberg senior commodity strategist Mike McGlone on the economics of Bitcoin, market manipulation and predictions for 2021.  Coppola is skeptical that Bitcoin will ever succeed as a store of value because of its high volatility which, according to her, is a direct consequence of the asset’s fixed supply rate. “With a fixed rate of increase of supply (…) the only thing that can adjust to changes in demand is price”, she explained. Demand fluctuations mean Bitcoin’s volatility is here to…

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Elon Musk says BTC, ETH prices “high” while dunking on Peter Schiff

While his electric car company announced a Bitcoin purchase weeks ago, Elon Musk finally became a true Bitcoiner last night by engaging in a time-honored cryptoTwitter pastime: dunking on Peter Schiff.  Yesterday morning Schiff, the noted gold bug and Bitcoin skeptic, posted a Tweet thread in which he criticized Elon Musk’s comment that Bitcoin is a flawed currency, though still better than fiat alternatives: According to @elonmusk “Bitcoin is almost as BS as fiat money.” So Musk regards both #Bitcoin and fiat as BS. I agree, I just think Bitcoin,…

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Bitcoin price must now hold above these levels to break $60K

Bitcoin’s (BTC) price has been consistently rallying in the past few weeks, reaching its latest new high of around $57,500 on Feb. 20. The week has seen more bullish news such as the first German listed company allocating its cash reserves to BTC as well as the launch of the first Bitcoin ETF in Canada, which traded over $220 million in its debut.  Just for a day — Elon Musk (@elonmusk) February 19, 2021 Such news is fueling the price of Bitcoin while Elon Musk has also embraced the latest…

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NFT market top signal? Fake Banksy nets over $1 million in ETH from NFT sales

As the cryptoTwitter community debates the fair value of Cryptopunks and other NFTs rising to sky-high valuations, there’s at least one clear sign of the digital collectibles market growing irrational: an individual posing as Banksy, perhaps the most famous living artist, has netted over $1 million in ETH in NFT sales.  Starting on Sunday, Feb 14, frequent browsers of the NFT marketplaces Opensea and Rarible noticed an account named “Pest Supply” with branding and NFTs made in Banksy’s signature graffiti-stencil style. Many were quick to jump in, given the ‘real’…

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BNB price surges as Binance Smart Chain grows in popularity with DeFi

Binance Coin (BNB) has been on an absolute tear in the month of February. It traded at $48.93 on Feb. 1 and grew to trade at $304 at the time of publication, amounting to a 521% month-to-date gain and 707% year-to-date gain. This price rally has led BNB to become the third-largest cryptocurrency, with a $46.5 billion market capitalization. BNB achieved its all-time high of $342.88 on Feb. 19. This price rally and leap in market capitalization could be attributed to Binance Smart Chain gaining popularity within decentralized finance markets and…

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