Crypto Flipsider Information – ETH Outflow Hits 4-12 months Low, Kraken Targets NFT Loans, Binance Receives Canadian License, FibSWAP Launches First DEX App, DAO Buys Blockbuster, Dogecoin Founder Is not A Whale From DailyCoin – Investing.com

Crypto Flipsider News – ETH outflow at 4-year low, Kraken targets NFT loans, Binance receives Canadian license, FibSWAP launches first DEX app, DAO buys blockbusters, Dogecoin founder is not a whale

Read in the digest

  • (ETH) Outflows on the stock exchanges are falling to a four-year low.
  • Kraken targets NFT art rentals, Ozzy Osbourne announces NFT collection, Ferrari (NYSE 🙂 Formula 1 partnership with Velas.
  • Canada grants Binance license to offer crypto services, FibSwap to launch the world’s first DEX app.
  • The DAO group plans to raise $ 5 million to buy and revive blockbusters.
  • Founder Billy Markus reveals his DOGE holdings.

Ethereum (ETH) outflows on exchanges drop to four-year lows

When Ethereum staged a rebound, with the ETH high at $ 4,129, the token’s forex outflows fell to a four-year low. According to data from Glassnode, the outflows from the ETH stock exchange are now at their lowest level since January 2022.

The foreign exchange outflow has long been used as an indicator for determining trends in the crypto market. Although low outflows often mean low selling pressure and lead to a drop in prices, this situation can be an outlier.

Ethereum’s reserves on exchanges could be low as the number of investors holding their funds on exchanges also hits record highs. The performance of ETH suggests that Ethereum will remain one of the top performers of 2021.

A similar trend was seen at, where the amount of BTC held on the exchanges fell to 1.3 million, or 6.3% of total Bitcoin supply.

Turned around:

  • The delay in the transition of the Ethereum network to the PoS consensus mechanism has resulted in some investors and developers leaving the network.

Why you should care

Many investors have chosen HODL instead of selling their coins amid predictions of explosive growth in the crypto industry in 2022.

Kraken targets NFT art lending, Ozzy Osbourne announces NFT Collection, Ferrari Formula 1 partners with Velas

2021 was the biggest year yet for non-fungible tokens. The acceptance rate and the number of use cases for NFTs continued to rise over the course of the year. Leading crypto exchange Kraken is now targeting NFT art rentals.

According to CEO Jesse Powell, the marketplace will allow its users to take out covered loans through their NFTs. The NFTs in question will reflect their value on the accounts of the respective users, which they can then use as collateral to collect loans on the marketplace.

English singer Ozzy Osbourne is the latest celebrity to venture into the world of digital arts. Osbourne announced that it will launch “Cryptobatz” in January – a collection of 9,666 unique NFT bats. The NFTs were developed by Osbourne and the NFT studio Sutter Systems.

To continue the growing adoption of NFTs in the sports industry, Ferrari’s Formula 1 team has announced a partnership with Velas. As part of the partnership, Velas will create exclusive digital collectibles for the team’s motorsport fans.

Turned around:

  • Despite the blanket crypto ban in China, Huawei, Tencent and Alibaba (NYSE 🙂 lead the 1,300 or so companies pushing for Metaverse patents in the country.

Why you should care

The NFT sector is forecast to continue growing in 2022 as more people want to explore the world of digital arts.

Canada grants Binance license to offer crypto services, FibSwap to introduce the world’s first DEX app

On the same day it received approval in Bahrain, Binance announced that it has also secured an MSB license from Canada’s regulators that will allow them to offer cryptocurrency services in the country.

The world’s largest exchange is now registered as a domestic entity from December 1, 2021. The license received from Binance as a Canadian crypto exchange should be valid until December 31, 2024.

Decentralized crypto exchange FibSWAP has announced that it is preparing to launch the world’s first decentralized (DEX) mobile application. On January 4th, 2022, FibSWAP will release the first DEX mobile application on Android devices.

The FibSWAP app will be a DEX that will support tokens from different blockchains, similar to the features available on their currently existing DEX. The app will also include a UI / UX that will make exchanging tokens from different chains a lot easier.

Turned around:

  • The way in which to act within the regulatory framework has been one of the main limiting factors that DEXs like FibSWAP face.

Why you should care

In order for cryptocurrencies to achieve mainstream acceptance, exchanges such as Binance and FibSWAP must be at the forefront and release new functions.

DAO Group plans to raise $ 5 million to buy and revive blockbusters

A Decentralized Autonomous Organization (DAO) has announced plans to raise $ 5 million to buy and revitalize Blockbuster – a movie and video game rental service owned by Dish Network (NASDAQ :).

The group of investors around BlockbusterDAO wants to buy and reissue the film distribution. BlockbusterDAO is hoping to raise the $ 5 million by minting NFTs, which will then be sold to investors for 0.13 ETH each (about $ 530 in prices at the time of writing).

BlockbusterDAO hopes to re-launch Blockbuster as a decentralized streaming service. In an announcement, the group said;

“It is time to build a massive DeFilm project that will forever revolutionize creative decision making and funding in the film and television industry. I believe that BlockbusterDAO will be like a fire in a bottle for the future of DAO governance. “

Turned around:

  • The DAO was unable to purchase any of the 13 remaining copies of the Constitution in November.

Why you should care

The number of DAOs is increasing, which serves to promote greater decentralization in various sectors.

Dogecoin founder Billy Markus reveals his DOGE holdings

Billionaire meme coin co-creator Billy Markus has announced the amount of Dogecoin he owns. As the co-founder of Dogecoin, which now has a market cap of $ 25.2 billion, many would assume that Markus owns a significant chunk of the crypto.

Contrary to popular belief that he is a DOGE whale, Markus revealed that he only owns about 220,000 DOGE, which is worth around $ 42,000 at the time of writing. Not expecting people to understand the joke, Markus reportedly sold most of his DOGE to buy a used Honda Civic in 2015.

The Dogecoin founder has since cleared his place in the pioneer meme coin. According to Markus, he is now only a member of the Dogecoin community. He adds that he does not speak for or work with the Dogecoin Foundation and should therefore not be considered a representative of the project.

Turned around:

  • Dogecoin touted its title as the most popular meme coin, which was the most viewed crypto on CMC in 2021.

Why you should care

Billy Markus has now cleared his stocks and reduced the control he will see on major DOGE whale transactions that may take place.

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