Africa: Experts believe a common crypto can boost trade & aid economic recovery
Speaking at the 2021 African Economic Conference, experts opined that the creation of a common cryptocurrency could boost trade in Africa and aid economic recovery from the Covid-19 crisis.
However, it was also argued that the continent would first need to synchronize national rules and protocols governing the financial systems of respective countries to make the reforms achievable.
Whale re-accumulation pushes bitcoin (BTC) above $51,000
As on-chain data provider Santiment explains: Beginning during the dump to $43,500, addresses holding 100 to 10,000 BTC have accumulated 67,000 more BTC after dumping the same amount before the price drop.
After a brutal sell-off over the last four days, Bitcoin has shown a healthy bounce back gaining 6.47% after 24 hours. BTC is trading at 51,136 USD, with a trading volume of $36.9 billion.
Gemini and Bancolombia partner to offer crypto services in Colombia
The bank Bancolombia and the US-regulated cryptocurrency exchange Gemini partnered up to offer crypto services in Colombia.
Gemini announced that it had finally completed all the necessary steps to move to the implementation phase of a project that would allow Colombians to buy cryptocurrencies with the funds stored on their Bancolombia accounts. The project will launch next week.
BitTorrent becomes BTTC-Mainnet, BTT price increased by more than 50%
The BTTC mainnet and the BTT recalibration plan will start on December 12th, 2021. BTT rallies sharply when the news is released. The price hovered at a low of $0.0023 and jumped 50% to an intraday high of $0.0035.
Market capitalization also jumped from $2.2 billion to a high of $3.2 billion just 2 hours after the announcement. BTT is currently trading at $0.0032 with a trading volume of $2.5 billion.
SPELL rises 42.08% after 24 hours, leading the Top Gainers on ONUS
Many Altcoins have experienced strong growth in the past 24 hours, the most prominent of which is SPELL Token – 42.08% increase in value. Currently, SPELL is still holding the No. 1 position in the Top of the top most bullish assets on ONUS app with a trading volume of $29.72 million.
CME Group launches micro Ether futures
In a Monday announcement, major derivatives marketplace Chicago Mercantile Exchange Group said it had launched a micro Ether (ETH) futures contract sized at 0.1 ETH, allowing investors “to hedge their spot Ether price risk or more nimbly execute Ether trading strategies”.
Cardano’s DEX SundaeSwap launches public testnet
In an announcement on Dec 5, Input Output HK, the company behind Cardano, stated that the SundaeSwap was launching imminently as a testnet.
SundaeSwap is the first decentralized exchange (DEX) built on the Cardano blockchain, allowing users to swap, stake, lend and borrow digital assets in a truly decentralized way.
Binance Smart Chain and Animoca Brands form $200M fund for GameFi projects
Binance Smart Chain (BSC) and Animoca Brands are launching a $200 million investment program to incubate early cryptocurrency-focused gaming projects building on BSC.
NFT secondary sales surpass $15B amid monthly volume constantly topping $1B
Monthly NFT secondary sales from August have been topping $1 billion, representing a 10 times surge from the beginning of the year. Secondary sales surpassed the $15 billion mark, and is expected to continue to grow significantly in the future.
Over 1 million wallets now staking ADA
Cardano network officially hit over 1,000,000 wallets which are currently staking ADA, a new milestone.
Since the launch of smart contracts on the Cardano mainnet on Sep.12, the Cardano blockchain has gained a lot of traction with hopes of users seeing it become the next Ethereum killer getting rekindled.