Autor Cointelegraph By Helen Partz

Dogecoin and Ether rank in top 10 news searches on Google in 2021

Dogecoin and Ether rank in top 10 news searches on Google in 2021

Uverejnil používateľ | dec 8, 2021 |

Major cryptocurrencies Ether (ETH) and Dogecoin (DOGE) made the list of the world’s most searched terms in 2021 on GoogleOn Tuesday, Google released its traditional annual list of the top searches for the year, breaking them down into several categories, including searches, news, people, games, movies and others.According to Google Trends’ “Year in Search 2021,” Dogecoin was the fourth-most popular news search term on Google in 2021, both globally and separately in the United States. News related to the query “Ethereum Price” was ranked 10th.The cryptocurrencies are listed among the top searched news items, including topics like Afghanistan, AMC stock, COVID-19 vaccine, GME stock, stimulus check and others. Not a single cryptocurrency was featured on the list in 2020.It’s worth noting that Bitcoin (BTC), the most-valued cryptocurrency in the market, is not featured in any category of the “Year in Search 2021” either worldwide or in the United States.Top 10 news on Google Trends in 2021. Source: Google TrendsRelated: Survey says crypto popular holiday gift for Americans — NFTs not so muchLaunched in 2013, Dogecoin has emerged as one of the most successful cryptocurrencies in 2021, entering the list of the top 10 largest cryptocurrencies by market capitalization earlier this year. DOGE’s price has skyrocketed this year, thanks in large part to endorsement fromTesla CEO Elon Musk, who started actively promoting DOGE on Twitter in 2020.At the time of writing, DOGE is up nearly 5,100% over the past 365 days, compared to 632% for Ether, according to data from CoinGecko. In contrast, Bitcoin is up around 160% over the past year.

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Binance Singapore arm acquires 18% stake in private stock exchange

Binance Singapore arm acquires 18% stake in private stock exchange

Uverejnil používateľ | dec 8, 2021 |

Binance Asia Services, the Singapore arm of major cryptocurrency exchange Binance, has acquired a stake in a local private securities exchange, Hg Exchange (HGX).On Dec. 7, the company officially announced an acquisition of a post-money 18% stake in HGX, a stock exchange licensed and regulated by the Monetary Authority of Singapore.Binance Singapore CEO Richard Teng said that the new investment will help Binance and HGX further expand the scale of products and services “supported by blockchain technology” in Singapore.“Crypto and traditional financial offerings continue to converge. We aim to work collaboratively with HGX to enhance the blockchain ecosystem in Singapore,” Teng stated.HGX is a community-driven private stock exchange, founded by financial institutions like wealth management firm PhillipCapital, local financial services group PrimePartners, and Fundnel, a Southeast Asian private investment technology platform. The exchange reportedly uses the Zilliqa blockchain.After working as CEO of Financial Services Regulatory Authority at Abu Dhabi Global Market, Teng joined Binance Singapore as CEO in August 2021, a few years after the Singaporean branch was launched. According to the CEO, Binance continues working closely with “key government agencies” to support the growth of the blockchain ecosystem and is actively hiring local talent.Related: Singapore suspends exchange Bitget’s license over K-pop coin promotionThe new investment comes soon after Binance experienced some regulatory issues in Singapore. In late September, Binance restricted Singapore users from using its platform, citing compliance matters. Previously, Binance limited product offerings in Singapore amid regulators alleging that the company may have violated payments laws.Huobi opted to exit Singapore as a global company in order to launch a dedicated local entity in November 2021.

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Russia’s largest bank struggles to register its digital asset platform

Russia’s largest bank struggles to register its digital asset platform

Uverejnil používateľ | dec 7, 2021 |

Sber, Russia’s largest bank, is apparently struggling to obtain a regulatory approval for its digital asset issuance platform as the company continues delaying registration plans.Sber CEO Herman Gref announced Dec. 7 that the bank now expects to get its digital asset issuance platform registered with the Bank of Russia by the end of 2021, local news agency Prime reported.”We are in constant contact with the central bank, and we are discussing various issues. We really want to believe that the platform will be registered by the end of this year,” Gref said.The new comments come almost a year after Sber initially filed an application with the Bank of Russia to launch a blockchain platform for its Sbercoin stablecoin in January 2021. At the time, Sber’s director of transactions, Sergey Popov, said that the registration procedure usually takes no longer than 45 days. As such, the bank was expecting to launch its platform and the stablecoin by spring 2021.While unable to move forward with the plans by the fall, Sber then said that it was planning to register its digital asset issuance platform in September.Sber did not respond to Cointelegraph’s requests for comment on the matter.Related: Crypto is a hedge for 46% of Russian retail investors, survey statesSber’s delayed plans hardly come as a surprise, as Russia’s central bank has taken a hard stance on cryptocurrencies like Bitcoin (BTC), and has even barred some major banks from offering crypto investment services. The bank has said that such services do not “meet the interests of investors and bear great risks.”In the meantime, Bank of Russia governor Elvira Nabiullina believes that tools like central bank digital currencies should serve as a good option for governments to replace decentralized cryptocurrencies.

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Bitwise CIO ‘not so sure’ about Bitcoin hitting $100K in 2021

Bitwise CIO ‘not so sure’ about Bitcoin hitting $100K in 2021

Uverejnil používateľ | dec 7, 2021 |

As 2022 draws closer, some cryptocurrency investment experts are doubtful about whether Bitcoin (BTC) has enough time to hit $100,000 in 2021.Following a major flash crash in the cryptocurrency market, Bitcoin is unlikely to break new all-time highs in the next three weeks and go all the way up to $100,000, according to Bitwise chief investment officer Matt Hougan.“$100,000 by the end of the year is a difficult prediction to make […] I think $100,000 could be in target in 2022 but this year, I’m not so sure,” Hougan said in a Monday interview.He noted that a potential cryptocurrency rally in 2022 will be largely thanks to growing institutional support. “I think as we look into 2022, we still have these fundamental drivers, the institutions we speak to every day at Bitwise,” Hougan said, adding that many institutions are still moving into the market for the first time.The CIO also predicted that 2022 will see an “explosion of activity built on Ethereum” and layer-one solutions, or those aiming to improve the base protocol itself to scale the overall system rather than creating a different protocol.“Investors are going to be looking at Ethereum, Solana, or Polygon. Investors are starting to realize there’s more to crypto than just Bitcoin. If there’s one bigger story for next year, it’s going to be everything else: crypto as DeFi, NFTs, Web3, or metaverse,” Hougan predicted.While Hougan noted the growing potential of altcoins — or coins other than Bitcoin — some prominent figures in the crypto community are still sticking with BTC.Bobby Lee, founder and CEO of crypto hardware wallet Ballet, argued on Monday that Bitcoin is “more valuable” than altcoins because i is not backed by “any sort of project, or a promise that can fail.”The crypto community has been watching Bitcoin’s price closely this year, with notable figures in the industry predicting BTC will ha hit $100,000 by the end of 2021, including Standard Chartered’s cryptocurrency research unit, stock-to-flow model creator PlanB, Morgan Creek Digital Assets co-founder Anthony Pompliano, SkyBridge Capital CEO Anthony Scaramucci and others.Related: Bitcoin to hit $250K in January 2022 but ‘invalidate’ S2FX BTC price model — New predictionOthers in the crypto community have taken a more skeptical view.The year is 2050: “One more shakeout for #Bitcoin  and then it’s moon time! 100k EOY” Ok Grandma let’s get you to bed. pic.twitter.com/F9RoBF8qdo— Lunch Money (@LunchMoneyMitch) November 10, 2021At the time of writing, Bitcoin is trading at $51,290, notably recovering after dropping below $47,000 on Saturday, according to data from CoinGecko. After starting 2021 at around $30,000, Bitcoin hit its all-time high above $67,000 in mid-November.Bitcoin one-year price chart. Source: CoinGecko

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Alameda Research leads $35M fund raise for crypto trading app Stacked

Alameda Research leads $35M fund raise for crypto trading app Stacked

Uverejnil používateľ | dec 6, 2021 |

Alameda Research, a cryptocurrency trading firm founded by crypto billionaire Sam Bankman-Fried, has led a $35 million investment in the automated crypto trading app Stacked.On Dec. 9, the startup officially announced the successful completion of a Series A funding round co-led by Alameda and Mirana Ventures, a venture partner of Bybit exchange and BitDAO.The new funding will reportedly help Stacked grow its 40-person team to over 100 employees in 2022 and continue scaling its suite crypto portfolios and automated lending products.According to Alameda Research Ventures’ partner Brian Lee, Alameda started investing in Stacked over a year ago and is now sure about their ability to provide a “unique and simple investment experience for retail investors.”“The ability to give users some guardrails when building a portfolio, while also allowing that user to custody funds on their preferred exchange is something investors really need,” Lee noted. Launched in April 2020, Stacked is a web-based application allowing users to access vetted trading strategies and investment portfolios via pre-built stacks, which are modeled after popular crypto indexes, hedge funds and other investor portfolios. The platform plans to go fully mobile within six months.According to Stacked co-founder and CEO Joel Birch, stacks including decentralized finance (DeFi) coins are among the most popular on the platform. According to Stacked’s data at the time of writing, nonfungible token (NFT)-based stacks are the top-performing stacks, including a mixture of large- and small-cap coins providing exposure to NFT markets.Stacked’s chief revenue officer Alan Eschweiler stressed the importance of major companies backing the firm. “It’s no accident that two of the largest exchanges in the crypto space co-lead this investment round. These exchanges, and others, have been key partners of ours since day one, introducing their users to more automated tools for investing,” he said.Related: FTX releases crypto regulation proposals before US congressional hearingThe news comes as Bankman-Fried’s exchange FTX is reportedly looking to raise $1.5 billion for its global cryptocurrency derivatives exchange and U.S. affiliate FTX.US. Tech-focused publication The Information reported Dec. 3 that the new fundraise would value FTX and FTX.US at $32 billion and $8 billion, respectively.

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