What's Happening With Crypto? Cardano, Bitcoin, Ethereum, Matic, & More! Altcoin Daily
Welcome to Watch Crypto! In this video, Altcoin Daily talks about Cardano, Bitcoin, Ethereum, Matic, & More.
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Name of Organizations/digital currencies/persons/digital platforms/applications used in the video
- CARDANO (ADA)
- Gary Vaynerchuk
- Three Arrows Capital
- 6th Man Ventures
- Animals Ventures
- Avalanche (AVAX)
- Avalanche Bridge (AB)
- Cardano (ADA)
- Yoroi Wallet
- Alonzo White Hard Fork
Other important terminologies:
- Diamond handed investors
- Cryptopunk NFT supply
- Ethereum whale
- Polygon wallet integration
- Polygon-Ethereum Bridge
- Polygon (MATIC) mainnet
- Decentralized Applications (DApps)
- Polygon Bridge
- Coinbase Ventures
- Digital Currency Group
- Coinbase Ventures
- Avalance-Ethereum Bridge (AEB)
- decentralized finance (DeFi)
- Decentralized identity (DID)
- Cardano blockchain
- Smart Contracts
Punks are categorized as
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Timestamp Details for this Crypto Video:
Summary of Timestamp 1:
The video is about ETHEREUM, polygon, avalanche, CARDANO (ADA) and other lower cap altcoins.
Summary of Timestamp 2:
Bitcoin is going through a supply squeeze and that is why the price is going up and up in the last 10 days.
The amount supply held by long term diamond handed investors illiquid of the market has taken another leg up.
The “supply shock” is now leveled that previously priced Bitcoin at 53k.
The analysts are predicting that price will further go up, however, it may also go down, but chances of going up are really high.
Summary of Timestamp 3:
Dekabank - One of Germany’s largest asset managers “considering” bitcoin investment which spokeman of the firm told to Bloomberg.
It is because a new law in Germany allows spezialfunds to invest up to 20% of holdings in Bitcoin.
Spezialfunds are used for investment by companies such as pension funds and insurers.
Now after this law, Dekabank will become 1 out of 4000 German firms allowed to invest in Bitcoin.
Summary of Timestamp 4:
Altcoin news for Ethereum
Ethereum whale (single buyer purchased up to 1% of Cryptopunk NFT supply in about 6 million dollars and is still buying.
Gary Vaynerchuk just paid $3.7 Million in Ethereum for a CryptoPunk NFT
There was one cryptopunk which was sold for 850 $ETH yesterday. Another was sold for 2,250 $ETH.
So Cryptopunks are Non-Fungible Tokens and there are 10,000 pixelated images of punky looking characters each with its own distinctive characteristics.
Punks are categorized as
Though non-human punks are more rare.
Nothing is known about the whales buying these NFT’s.
Altcoin discovered that “Three Arrows Capital” is the whale behind the 88 and 12 cryptopunk market buy and they now have 100 after paying “mining_dao”
Summary of Timestamp 5:
It is about polygon news and that is Binance completed Polygon wallet integration. The company indicated that transaction would now be cheaper than utilizing traditional Polygon-Ethereum Bridge.
Binance completed Polygon (MATIC) mainnet onto its platform. So now Binance traders will be able to deposit and withdraw MATIC on their account and also interact with decentralized applications (Dapps) such as Sushiswap, Balancer, Aave, and more.
It means user can use Dapps cheaply without using existing Polygon Bridge.
Summary of Timestamp 6:
Altcoin Investment News: Coinbase Ventures backs Ethereum-based streaming network which is Livepeer.
Livepeer is an ethereum based video streaming network that announced it announced $20 million in a Series B funding round.
Led by Digital Currency Group, the funding for Livepeer saw participation from large venture capitalists including Coinbase Ventures, CoinFund, Northzone, 6th Man Ventures and Animals Ventures.
The money of Livepeer would be used to build in-house protocols to experiment with livestream use cases.
Summary of Timestamp 7:
Avalanche (AVAX) launches upgraded bridge, prepping DApps for mainstream adoption. It is 5 times cheaper and fast that is meant to be a “growth engine” for future expansion.
Avalanche (AVAX) is replacing its months old Avalance-Ethereum Bridge (AEB) with the aptly name Avalanche Bridge (AB).
It is to bring next generation improvements of all aspects.
Summary of Timestamp 8:
Cardano (ADA) launches Connectors for DApps Integration using its Yoroi Wallet.
Cardano announced that it successfully completed long awaited Alonzo White Hard Fork.
So smart contract on ADA means developer to build decentralized finance (DeFi), NFTs, decentralized identity (DID), and countless other things.
Yoroi Wallet will act as a communication medium between the Cardano blockchain and smart contracts.