3 reasons why Phantasma (SOUL) is chasing after new all-time highs

Nonfungible tokens and blockchain-based gaming projects saw a breakout in popularity over the course of 2021. This was due to their widespread appeal which attracted the attention of crypto newbies and experienced hodlers alike. This trend helped to further initiate the mass adoption of blockchain technology and from the look of things, its likely to extend throughout 2022.  One project is making moves in 2022 is Phantasma (SOUL), a layer-one blockchain protocol that specializes in the creation of SmartNFTs and decentralized gaming applications. Its prices reflect that it’s about to make…

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Happy Birthday, Bitcoin! Industry players share a few words

To celebrate the Bitcoin network ‘s 13th anniversary, Cointelegraph gathered birthday messages from industry players to mark the occasion. Following a hash rate all-time high, Bitcoin (BTC) has officially reached its adolescent years and industry experts weigh in on its future. Beimnet Abebe, VP of Principal Trading at Galaxy Digital: “13 years ago Bitcoin was released. Although its creation garnered little fanfare, drawing the eyes and attention of only a few esoteric coders, its release would prove monumental, enabling anyone, anywhere in the world to access digitally scarce money for the first…

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Bitcoin traders expect $60K by month’s end, marking $45K as ‘accumulation’

The bearish pressures facing the cryptocurrency market at the end of 2021 have continued into the first week of 2022 after the price of Bitcoin (BTC) dropped below $47,000 on Jan. 1 and the asset still faces stiff headwinds on the shorter timeframe charts.  Data from Cointelegraph Markets Pro and TradingView shows that, after climbing above $47,500 to start the new year, the price of BTC fell under pressure in the afternoon on Dec. 3. Currently, the price has dropped to $46,500 where bulls now look to mount a defense. BTC/USDT…

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Cardano became the most developed crypto on Github in 2021 — Santiment

According to data compiled by CryptoRank and Santiment, Cardano (ADA) was the most developed crypto on Github in 2021, with over 140,000 events.  Rounding out the top three were Kusama (KSM) and Polkadot (DOT) at second and third places, respectively, with roughly the same number of events over the year. Cardano beat Ethereum’s development activity by a wide margin, with the latter coming in fourth place. Santiment defines a Github event as either creating an issue, creating a pull request, commenting on an issue or pull request, and forking/starring/watching a…

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Samsung uses blockchain technology to address climate change

Samsung Electronics America announced Monday at the CES Tech Conference in Las Vegas its partnership with veritree, a blockchain-based climate solutions platform, to plant two million mangrove trees in Madagascar over the next three months. veritree uses blockchain technology to manage the reforestation process and verify each tree that is planted. The tree-planting initiative is part of Samsung’s nature-based action plan on environmental sustainability, specifically to capture and sequester carbon dioxide (CO2) from the atmosphere. The goal is to restore roughly 200 hectares of land and sequester roughly 1 billion…

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Bitcoin dips below $47K as US dollar surge dampens BTC price performance

Bitcoin (BTC) crisscrossed $47,000 on Jan. 3 as the first Wall Street trading days of 2022 got off to a modest start. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Ethereum steals the limelight Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a narrow range as the week began, with traders split over short-term outcomes. “It’s just a matter of time before BTC breaks out, and the longer it takes the harder it will pump,” popular Twitter account Galaxy summarized. “Q1 is up only. You heard it here…

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What’s ahead for crypto and blockchain in 2022? Experts Answer, Part 3

Alex is a writer, speaker, investor and adviser focused on the impact of emerging technologies such as blockchain and cryptocurrencies. He is the general manager of Ninepoint Digital Assets Group, an investment management services provider in the field of blockchain technology and cryptocurrency.  “I think 2022 is the year of multichain. 2021 saw the rise of new layer-one protocols like Solana and Avalanche that promised to improve on Ethereum with faster throughputs and lower fees. But these benefits may prove impermanent. As they become more popular, they may suffer the…

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South Korean presidential candidate to use NFTs to raise funds for campaign

Democratic Party (DP) presidential candidate Lee Jae-myung prepares to use nonfungible tokens to raise funds for his campaign.  The party will issue NFTs to those who donate money for the campaign for the upcoming presidential elections. The NFTs will contain images of the candidate and his pledges. In an interview with Yonhap News, campaign official Kim Nam-kook said the party is doing this to appeal to the younger generation. “As the young generation in their 20s and 30s are interested in emerging technologies, including virtual assets, NFTs and the metaverse,…

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Square Enix CEO reveals plans for blockchain, metaverse, NFTs

Wider adoption of nonfungible tokens (NFT) and play-to-earn games may be on the way, as one of the world’s largest gaming companies sees them as the future of the industry. Yosuke Matsuda, CEO of Square Enix, revealed the company’s intentions for blockchain and NFT spheres in his new year’s message on Saturday. In his letter, Matsuda begins with a discussion of the metaverse before noting that Facebook’s renaming to Meta is proof that the concept isn’t a passing fad. He expects 2022 to be a year of hype for the…

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Bitcoin is new gold for millennials, Wharton finance professor says

Bitcoin (BTC), the world’s most-valued cryptocurrency, has replaced gold as an inflation hedge for young investors, according to Wharton’s finance professor. Gold’s performance was “disappointing” in 2021, Wharton School finance professor Jeremy Siegel said in a CNBC Squawk Box interview on Friday. On the other hand, BTC has been increasingly emerging as an inflation hedge among younger investors, Siegel argued: “Let’s face the fact, I think Bitcoin as an inflation hedge in the minds of many of the younger investors has replaced gold. Digital coins are the new gold for the…

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