October 25, 2021

Crypto News Roundup for Oct. 25, 2021

This episode is sponsored by Kava, Nexo.io and Market Intel by Chainalysis. Today’s Stories: European stocks steady as investors prepare for week of tech earnings Stock Futures Creep Up Ahead of Tech Earnings Time for Fed to taper bond purchases but not to raise rates, Powell says U.S. business activity accelerates in October, shortages hamper factories – IHS Markit survey Global equity funds see biggest inflows in seven weeks – Lipper Shippers Find New Supply-Chain Hurdles at Alternate Ports US Home Sales Jumped 7% in September – WSJ Alibaba Has Lost $344 Billion in World’s Biggest Wipeout Nigeria to Launch Its ENaira Digital Currency on Monday Saudi Central Bank Mulls Blockchain for Finance, Rejects Phasing Out Cash Bitcoin at Your Bank: NYDIG Names First 2 Firms to Roll Out BTC Buys FTX Crypto Exchange Finalizes LedgerX Acquisition AMEX CEO Says […]
October 25, 2021

Bitcoin price action in 2021 so far mirrors 2017 — Will it continue?

Bitcoin is in full bull run mode according to trading analysts, as on-chain indicators look promising, but the rest of 2021 could be full of surprises.
October 25, 2021

Mastercard plans to allow US partners to offer crypto loyalty rewards

Millions of loyalty rewards program users who may have never had any knowledge or use of cryptocurrencies could soon have some exposure.
October 25, 2021

Crypto Firm Crypterium Secures FCA Registration

Cryptocurrency firm Crypterium has secured Financial Conduct Authority (FCA) registration to operate in the U.K., the firm announced Monday. Crypterium, which offers a cryptocurrency wallet app and has over 400,000 clients in 170 countries, said it is “one of only a small handful of companies to have passed the [FCA] registration process” from the almost 200 that have applied. “This registration ensures that as Brexit measures kick in, Crypterium can continue to provide its crypto wallet services, including its crypto Visa cards and exchange functions, to practically everybody in the U.K.,” Crypterium said in a press release. Recently a number of firms such as the crypto payments infrastructure startup Ramp have also reported securing registration with the FCA. It was reported in June that 64 crypto firms had abandoned their plans for FCA registration amid mounting regulatory scrutiny. The deadline […]
October 25, 2021

TaxBit Courts Corporate America With Crypto Accounting Software

TaxBit has begun pitching corporate America on specialized crypto tax prep software in a sign of the growing business behind bitcoin and other digital assets. The “Corporate Accounting Suite” already has its first customer, Aaron Jacob, a strategy executive at TaxBit told CoinDesk: BlockFi, the crypto lender and bitcoin exchange. He said banks, exchanges and investment firms are also in the crosshairs. Expanding beyond retail and investigative clientele, the Draper, Utah-based company is betting that the next big wave of crypto-minded accountants will come from corporations, an area traditionally cautious about the $2.5 trillion asset class. From a purely infrastructure-focused perspective, that hesitancy may soon become rarer. Earlier Monday, payments giant Mastercard said it would vastly expand its crypto capabilities as part of a push to get banks and merchants into cryptocurrency. Meanwhile, BlockFi is forming a new joint venture […]
October 25, 2021

BitGo integrates Stacks, bringing Bitcoin DeFi to institutions

Stacks is bridging decentralized finance and the Bitcoin network. BitGo users will now have access to BTC yield directly through STX tokens.
October 25, 2021

BlockFi to Develop Crypto Asset Management Products With Neuberger Berman

Crypto lender BlockFi has partnered with private investment manager Neuberger Berman to develop new crypto asset management products. The new products will be housed in a separate entity called BlockFi nb, according to an announcement Monday. BlockFi nb said exchange-traded funds (ETFs) are likely to be among the products it develops. “We think this combination will help us to improve on products currently in the market so that we can give investors cost-effective and convenient access to the performance of digital assets from their brokerage accounts,” Greg Collett, president of the new entity, said. Neuberger Berman – a $400 billion asset manager – recently tweaked the strategy of its $164 million commodities fund, allowing up to 5% of its assets to be held in bitcoin futures and funds. Read more: BlockFi CEO Wants SEC to Weigh In on Crypto Lending
October 25, 2021

Nifty News: The rise of environmentally-focused NFT collections

WWF Germany is raising awareness about the 10 most endangered species through an NFT auction, while HapeBeast’s NFT project has influencers prospecting blue-chip status.
October 25, 2021

Anyone who studies Bitcoin ends up investing in it, says Scaramucci

Understanding Bitcoin inevitably leads to growing adoption, according to SkyBridge Capital CEO Anthony Scaramucci.
October 25, 2021

Solana reclaims $200 — 3 reasons why SOL price is up 35% in seven days

SOL price continues to climb, with Solana’s TVL also hitting a new high of nearly $14 billion.
October 25, 2021

Why now? SEC took eight years to authorize a Bitcoin ETF in the US

The SEC has been holding steady for years, but the real-world dynamics of crypto adoption and maturation rendered an ETF approval all but inevitable.
October 25, 2021

FTX Crypto Exchange Finalizes LedgerX Acquisition

The ink has dried on an acquisition announced by FTX.US in August, revealing a multipronged approach by the American arm of Sam Bankman-Fried’s trading empire. Regulated futures exchange LedgerX will now be known as FTX US Derivatives, FTX.US said Monday. The deal’s close follows the launch of a non-fungible token (NFT) marketplace earlier this month. The U.S. exchange’s parent company announced last week a meme-friendly raise of $420 million from 69 investors. Some of the fresh capital (the exchange also announced a $900 million funding round in July) is set aside for bringing more firms under the FTX umbrella. “We’ve probably done a half a billion dollars of acquisitions so far this year,” Bankman-Fried told CoinDesk last week. The financial terms of the LedgerX buy were not disclosed. The deal gives FTX.US a slew of licenses granted to LedgerX by […]
October 25, 2021

NEAR Protocol Offers $800M in Grants in Bid for DeFi Mindshare

While Fantom, Harmony, Avalanche and Celo have all launched nine-figure ecosystem development funds, NEAR may be setting a new high water mark with the launch of a mammoth $800 million grants fund. Announced Monday, the high-speed and self-styled “climate neutral” chain has established the fund with major tranches earmarked for specific purposes, including $250 million in ecosystem grants which will be distributed over four years, a regional fund of $100 million, and $100 million specifically for startups. Additionally, DeFi is a major focus of the program, with a devoted $350 fund from Proximity Labs. A newly-formed ‘DeFi DAO’ will govern how those funds are spent, and protocols will be able to apply for liquidity mining programs via the DAO. Proximity is a group of early NEAR contributors that spun out of the parent company as an independent entity with funding […]
October 25, 2021

Announcing the HUMAN Grants Program: $10 Million to Fund the Next Wave of HUMAN Protocol Solutions

PRESS RELEASE. The MetaHUMAN Foundation has announced a grants program to support a new generation of projects looking to adopt and build on top of HUMAN Protocol. Successful applicants will have access to an allocated fund of $10 million, to supercharge the adoption of the Protocol, and realize new possibilities for HUMAN technology across new use cases. HUMAN Protocol is an open-source infrastructure. It is a beginning – a new way to represent and verify human value and contribution – that can be built upon. With each new application, the diversity of work processed by the Protocol expands, and the utility of the HMT token as a means to represent all forms of contribution increases. HUMAN Protocol facilitates a new future of work by offering a permissionless system of exchange. Automated by software, enforced by smart contracts, and settled on […]
October 25, 2021

A16z Leads $7.5M Funding Round in NFT Toy Firm OnChain Studios

OnChain Studios has raised $7.5 million in a seed round led by Andreessen Horowitz (a16z) to develop Cryptoys: a new non-fungible token (NFT) platform that combines digital toys and gaming. Cryptoys are interactive digital toys that consumers can buy, play with, collect and sell. They will launch soon on Flow, a blockchain designed for NFT collectibles and crypto games. Flow was developed by Dapper Labs, which also participated in the funding round alongside Draper & Associates, CoinFund, Sound Ventures, Collab + Currency and WndrCo. Cryptoys can “respond to you in a variety of ways, grow smarter, and can acquire more skills the longer you interact with them,” according to the official website. Consumers can personalize Cryptoys with NFT clothing and accessories, which can be bought or sold, as well as Gems that award new talents and capabilities. Consumers can play […]
October 25, 2021

QrKita Announces Launch of its Initial Exchange Offering (IEO) Days After Publish Sale

Surabaya, Indonesia / October 25, 2021 / QrKita, the first online Qris platform In Indonesia announced the launch of Initial Exchange Offerings (IEO) on LaToken exchange. The Publish sale would see a total of 30,000,000,000 QRT up for grabs. The QRT/USDT pair will be listed on the following platform post Publish sale and IEO. XT.com Coinsbit P2pb2b Pactswap Pancakeswap Latoken Qrkita aims to merge the gap among retail players in the Indonesian market and connect them with each other through the digital economy. Qrkita aims to facilitate non-cash transactions, encourage financial inclusion, promote MSMEs which would lead to the collective growth of the retail sector. Qrkita would make way for seamless transactions for each and everyone using QR, and will not be limited to wholesalers. Using QR payments, small traders such as meatball sellers, vegetable sellers, and others throughout Indonesia […]
October 25, 2021

Nigeria’s ENaira CBDC Goes Live

Nigeria’s central bank digital currency (CBDC), the eNaira, is live following an announcement by President Muhammadu Buhari on Monday. The official unveiling of the eNaira – designed to complement Nigeria’s physical currency, not replace it – took place Monday having been announced last week. The eNaira was developed by fintech company Bitt, whose Digital Currency Management System (DCMS) is also behind the East Caribbean CBDC. Two applications for using the CBDC – eNaira speed wallet and eNaira merchant wallet – are available for download from the Google and Apple app stores. The eNaira was originally slated for launch on Oct. 1, but was delayed in deference to the 61st anniversary of Nigerian independence that same day. Some 500 million eNaira ($1.21 million) have already been minted central bank Governor Godwin Emefiele said at the official launch. Nigeria’s government and central […]
October 25, 2021

BNY Mellon Urges Ireland to Adopt Crypto Rules Before EU Regulations, Report Reveals

As authorities in the EU are still discussing union-wide cryptocurrency regulations, a major U.S. bank has reportedly lobbied the Irish government to adopt its own rules for the space. BNY Mellon launched its digital asset business in Ireland this year to provide custodian services to institutional investors. Banking Giant BNY Mellon Calls for Irish Crypto Regulations U.S. banking corporation BNY Mellon, which established a crypto unit in Ireland this spring, has urged the country’s finance ministry to introduce crypto regulations while the EU rules for the space are still being developed, the Irish press reported. The bank’s digital hub in Dublin was set up to provide depository services for digital assets to institutions interested in cryptocurrency investments. A report by the Irish Independent unveils that representatives of BNY Mellon met with the Irish Minister of State at the Department of […]
October 25, 2021

Hunny Launches Hunny NFT Marketplace and its Utility NFTs

Hunny has been creating a lot of utilities for its token such as high returns yield farming as well as iGaming and crypto casino platform since June 2021. Now they are launching Hunny NFT Marketplace on BSC and will definitely steal the scene in this NFT summer for their NFTs with staking and other special functionalities. We are super hyped for Hunny NFTs! Hunny NFT Ecosystem   More Details on the Types of The Oh-So-Hot Hunny NFTs 1. Collectibles NFTs To satisfy your obsession with our HunnyBunnies, Hunny Team is going to pre-mint only 300 Hunny collectible NFTs (16% of the first batch will be reserved for marketing). For the first batch, they will have 50 pieces of 6 HunnyBunnies from the OG series in Phase 1 with different sets of attributes to define their rarity. Every NFT will have […]
October 25, 2021

Ethereum eyes rally against Bitcoin, with ETH price showing hidden bullish divergence

The second-largest cryptocurrency will see over 8% growth against its top rival should the technical outlook play out.
October 25, 2021

Nigerian president to unveil eNaira central bank digital currency

The Nigerian central bank digital currency was originally slated for launch earlier this month, but it has been delayed.
October 25, 2021

Crypto investments a financial backup for Facebook whistleblower

Frances Haugen also received financial help from nonprofit organizations backed by Pierre Omidyar, a co-founder of eBay.
October 25, 2021

Terraform Labs CEO Do Kwon Is Suing the SEC

Do Kwon, co-founder and CEO of Terraform Labs, the company that backs the Terra blockchain ecosystem, is suing the U.S. Securities and Exchange Commission (SEC). Kwon, who was served a subpoena while appearing at Messari’s Mainnet conference as a presenter, states this behavior was against the SEC’s own policies, and that they needed to go through proper channels to deliver the subpoena. Do Kwon Takes the Fight to the SEC Do Kwon, the co-founder and CEO of Terraform Labs, the company behind the design and creation of Terra, a smart contracts-enabled cryptocurrency, is suing the SEC over an incident that happened during the latest installment of Messari’s Mainnet conference. He had been conducting conversations with the SEC about possible actions against Mirror Protocol, a decentralized app that tracks prices of stocks for synthetic assets. The lawsuit explains the SEC had […]
October 25, 2021

Russia does ‘absolutely nothing’ to regulate crypto, RACIB head says

The recent law “On Digital Financial Assets” has not gone far enough in the eyes of Russian crypto industry advocates.
October 25, 2021

Singaporean Payments Unicorn Nium Launches Crypto-as-a-Service Platform

Singapore-based payments unicorn Nium has rolled out a crypto-as-a-service (CaaS) offering aimed at financial institutions. Nium provides turn-key purpose-built API suites for new and traditional finance companies. Its latest offering seeks to provide ready-made tools amid a period of high demand in crypto. The company said its new CaaS will provide institutions with “in-demand capabilities” for crypto investment and initially supports up to five cryptos, according to a statement on Monday. Through an API connection to its platform, the firm says its clients can embed crypto marketplace services, along with KYC, regulatory monitoring, brokerage, custody, and processing. Nium has decided to launch its product throughout the U.S. with a further 15 cryptos expected to be added to be added to the service by next year. Another 25 countries and jurisdictions are expected to be supported by next year, including Australia, […]
October 25, 2021

BTC price ‘on the way to $90K’ — 5 things to watch in Bitcoin this week

$60,000 support boosts wary hodlers and reinforces calls for even higher highs — the only question is how soon.
October 25, 2021

Bitfarms Mega-Mining Facility Raises Concerns Among Legislators in Argentina

The construction of a bitcoin mega-mining farm in Argentina by Bitfarms is raising concerns for legislators. Martín Berhongaray, a national deputy, recently presented a resolution to force the government to disclose information about the installation of the facility, through representatives from the Ministries of Science, Technology and Innovation, Environment and Sustainable Development, and of the nation’s economy. Bitfarms Mega Farm in Sights of Legislators The ambitious project that Bitfarms, a mining behemoth headquartered in Canada, is building in Argentina, has already started to raise concerns with Argentinian legislators. Martín Berhongaray, a national deputy, introduced a law proposal for the government to explain how this deal was conceived and whether the company has passed oversight of the different state institutions linked to the deal, like the Ministries of Science, Technology and Innovation, Environment and Sustainable Development, and of the nation’s economy. […]
October 25, 2021

Ant Group, Tencent Change NFT References to ‘Digital Collectibles’: Report

Ant Group and Tencent have changed references of non-fungible tokens (NFTs) to “digital collectibles” on their platforms and sites, Chinese media Jiemian reported. So far, NFTs have not been included in the Chinese government’s rules against crypto trading and mining. However, state entities have warned against the use of NFTs for market speculation. Last week, a government-run tech park in the Guangdong province cautioned people against scams that prey on the NFT hype. The two firms appear to be distancing themselves from NFTs. Tencent said that the reference change reflects the company’s commitment to compliance, while Ant Group reiterated that it is against the digital collectibles hype and market speculation. Ant Group runs a marketplace focused on celebrity NFTs on its Alipay platform, and has issued NFT collections of historical artifacts, as recently as Friday, as well as one for […]
October 25, 2021

Ripple Price Analysis: Bears In Control Below $1.15

Ripple price started a fresh decline from the $1.20 resistance against the US dollar. The price is now trading below $1.12 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.11 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down unless there is a clear break above $1.12. Ripple price is showing bearish signs below $1.12 against the US Dollar, unlike bitcoin. XRP price must clear $1.12 for a decent increase in the near term. Ripple Price Analysis After forming a base above $1.020, ripple price started a fresh increase against the US Dollar. The XRP/USD pair broke the $1.12 and $1.15 resistance levels to move into a positive zone. However, the price failed to gain strength for a move above […]
October 25, 2021

Reddit Seeks Senior Engineer for Platform That Features ‘NFT-Backed Digital Goods’

On Friday, American social news aggregation and discussion website, Reddit published a job listing seeking a senior backend engineer for a non-fungible token (NFT) platform. As part of Reddit’s development team, the new hire would help “design, build and ship backend services for millions of users to create, buy, sell and use NFT-backed digital goods.” Reddit’s Job Application Is Looking for a Senior Engineer for a Possible NFT Platform Reddit seems to be in the midst of creating a non-fungible token (NFT) feature on its platform and from a recent job description it seems to be a marketplace. Reddit is seeking a “senior backend engineer” for its “NFT platform,” the recently added job listing explains. Reddit has already dipped its feet into cryptocurrency solutions and blockchain technology by leveraging Ethereum and Arbitrum. The job listing for a new engineer dedicated […]
October 25, 2021

Buyers shell out $7M for unseen NFT collection

Participants piled $7 million into a dutch auction to win one of 50 Golden Tokens granting ownership to unminted NFTs from artist Tyler Hobbs.
October 25, 2021

Label Foundation Raises $1 Million to Build Blockchain-Based Platform for the MOOC Industry

PRESS RELEASE. The next-generation NFT Infrastructure – Label Foundation has announced the successful completion of its private sale round. Supported by many leading VCs and famous Grammy-winning artists, the NFT platform raised $1.0 million during the private sale that generated major interest from top investors and venture capitalists in the finance and blockchain industries. A major milestone for Label Foundation The private sale round was led by HG ventures and backed by some of the leading venture capitals and institutions in the blockchain sphere, such as GBIC, Mindfulness Capital, IOST, M6, Adaptive, and Icetea Labs, Alphabit,, and Pragma. These Venture Capital firms have joined forces to fund the next generation NFT infrastructure that provides the P2P incubating platform to foster the education platform. Speaking on the development, Simon Jeung co-founder at HG Ventures, revealed his delight in the development. “As […]
October 25, 2021

SHIB plummets 20% as Elon Musk reveals he owns none

SHIB quickly crashed 20% as Tesla CEO and dog-token proselytizer Elon Musk announced he owns none of the canine-themed coins.
October 25, 2021

Saudi Central Bank Mulls Blockchain for Finance, Rejects Phasing Out Cash: Report

Saudi Arabia’s central bank is experimenting with emerging technologies like blockchain for the finance sector, but doesn’t intend to phase out cash in favor of digital payments, according to an interview with local newspaper Al Eqtisadiah. Central bank digital currencies (CBDCs) are one of the most important financial technologies under development, but the kingdom does not intend to phase out the use of physical cash, according to a central bank representative quoted in the report. The central bank was one of the first in the world to experiment with CBDCs back in 2019 when it announced project Aber, a bilateral experiment with the U.A.E. to test the use of digital ledgers on cross-border transactions. Saudi Arabia is trying to increase the proportion of electronic payments to 70% of the country’s total by 2030, but the kingdom wants to ensure continuity […]
October 25, 2021

Nigerian President Muhammadu Buhari to Unveil Country’s CBDC

The Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s central bank digital currency (CBDC) on October 25, 2021. High-Level Endorsement of the CBDC According to a statement released by the Central Bank of Nigeria (CBN), the formal event marking the e-naira’s launch will be held at the Buhari’s official residence. After the initial launch was postponed due to different factors, the CBN suggests in the statement that it has done enough to prepare for the launch this time around. The press statement explains: Following a series of engagements with relevant stakeholders including the banking community, fintech operators, merchants and indeed, a cross-section of Nigerians, the CBN designed the digital currency, which shall be activated on Monday, October 25, 2021. Describing the e-naira launch as a major step forward in the evolution of money, the CBN insists its […]
October 25, 2021

CFTC reportedly investigating decentralized prediction platform Polymarket

Polymarket is believed to have hired CTFC enforcement head James McDonald to handle the probe.
October 25, 2021

Facebook Whistleblower Holds Crypto to Support Herself Financially: Report

Frances Haugen, the former Facebook product manager and whistleblower, reportedly practices the strategy of holding cryptocurrency. In an interview with the New York Times published Saturday, Haugen said she was managing financially “foreseeable future” because she had bought crypto “at the right time.” The article didn’t specify what type of crypto Haugen purchased. Haugen has also since moved to Puerto Rico to manage a health condition and to join “crypto friends,” according to The New York Times’ story. In May, Haugen left Facebook, taking with her tens of thousands of documents that showed that the company prioritized its growth over its users’ well-being. The documents exposed the social media giant’s awareness that information posted on Instagram could harm teenage mental health. The documents also showed that Facebook knew that its products were spurring ethnic violence in places such as Ethiopia […]
October 25, 2021

Twitter CEO Jack Dorsey Warns Hyperinflation Will Soon Happen in US and the World

Twitter and Square CEO Jack Dorsey has warned that hyperinflation will soon happen in the U.S. and elsewhere in the world. “Hyperinflation is going to change everything. It’s happening,” he predicted. Many people disagreed with him, however. US Will Soon Experience Hyperinflation, Says Twitter CEO Jack Dorsey The CEO of Twitter and Square Inc., Jack Dorsey, tweeted a warning about hyperinflation in the U.S. Friday. “Hyperinflation is going to change everything. It’s happening,” he wrote. Comments flooded his tweet. At the time of writing, it had garnered more than 7K comments and had been liked 70.1K times and retweeted 22.9K times. In a follow-up tweet, Dorsey emphasized: “It will happen in the U.S. soon, and so the world.” The Twitter CEO’s tweet came as consumer price inflation is running near a 30-year high in the U.S. and there are increasing […]
October 25, 2021

Over 3 Million CoinMarketCap Email Addresses Leaked to Dark Web

Millions of email addresses associated with the crypto market capitalization website CoinMarketCap (CMC) have been compromised. According to the data security breach website haveibeenpwned, 3.1 million addresses are now trading on “hacking forums.” The addresses are trading via dark web marketplaces, one source told CoinDesk Sunday. CMC said Saturday it had become aware that batches of data had shown up online “purporting to be a list of user accounts.” It is unclear how the addresses were obtained. The website also said only addresses and not passwords had been exposed though it discovered a correlation and warned users to use separate and unique passwords across multiple sites. “At this point in our investigation, we’ve come to the conclusion that the leak did not come from CoinMarketCap servers,” CMC said on its blog. “As no passwords are included in the data we […]
October 24, 2021

Is excessive bullish optimism behind Bitcoin’s drop below $60K?

Bitcoin’s futures premium hit its highest level in 5 months, but was this the primary reason for BTC’s fall below $60,000?
October 24, 2021

Elon Musk Discusses Important Dogecoin Improvements, Confirms No Investment in Shiba Inu

Tesla CEO Elon Musk has shared what he believes to be the most important dogecoin improvements. He also clarified that he does not have anything to do with the Dogecoin Foundation and is not investing in the shiba inu (SHIB) token. Musk confirmed that he is only holding three cryptocurrencies. Elon Musk on Dogecoin Improvements, Shiba Inu Token Tesla and Spacex CEO Elon Musk made several tweets about cryptocurrency, bitcoin, dogecoin, and the shiba inu token Sunday. Regarding Dogecoin’s improvements, he was asked whether he had any recent interactions with the Doge development team. While admitting that he had not interacted with them lately, Musk shared: What matters imo is lowering fees, decreasing block time & increasing block size. A single layer network with exchanges as de facto layer 2 seems like the simplest solution for a medium of exchange. […]
October 24, 2021

Reactivated Ethereum pools trigger a 78% surge in THORChain price

RUNE looks ready to extend its gains after the reactivation of ETH-based pools resulted in a 78% rally last week.
October 24, 2021

An African Blockchain Enthusiast Launches Expedition That Seeks to Highlight East Africa’s Potential

While the African continent is generally viewed as one of the most ideally placed to embrace and fully exploit the blockchain, the reality on the ground suggests otherwise. The East Africa Blockchain Expedition As Adedayo Adebajo, the managing director of Jelurida Africa and a blockchain enthusiast told Bitcoin.com News, much of the focus in terms of investment has been on two regions, Southern and West Africa. Adebajo suggests in written responses to questions sent to Bitcoin.com News that the East Africa region is being left behind. Therefore, to correct this anomaly, Adebajo has organized the East Africa Blockchain Expedition, an education and awareness campaign that will see him tour several African countries. This expedition, which commenced on October 23, is set to run for 30 days. To learn more about this expedition as well as its objectives, Bitcoin.com News sent […]
October 24, 2021

ProShares Seeks Waiver From CME for Position Limits on New Bitcoin Futures ETF: Report

ProShares, the sponsor of the first-ever exchange-traded fund (ETF) backed by bitcoin futures, has applied for a waiver to limits the amount of bitcoin futures a buyer can purchase in the new fund, Barron’s reported. Starting with the November front-month contract, the Chicago Mercantile Exchange (CME) will limit the amount of futures that a buyer can buy in the new ETF to 4,000, dropping to 2,000 three days before expiration. As each contract represents five bitcoin, total ownership is limited to 20,000 bitcoin. To get around this limit, ProShares has already split its futures portfolio with half in October and half in November. CEO Michael Sapir told Barron’s that if the CME doesn’t grant the waiver, ProShares could shift assets into later-dated contracts, structured notes or swaps. Barron’s also noted that ProShares’ prospectus for the ETF says the fund could […]
October 24, 2021

Jim Cramer Has Parted with Some of His Ethereum

Jim Cramer of “Mad Money” fame has reportedly sold off a good chunk of his Ethereum holdings in response to the new bitcoin-based exchange-traded fund (ETF) that has been available since the beginning of last week. Jim Cramer Sells Some of His Ethereum Cramer explained his reasons behind the sale in a recent interview, claiming that he doesn’t feel ETH or bitcoin have peaked yet. He is confident that both assets are going to continue to spike in the coming weeks and months, and thus he can sell a little off here and there without overdoing it and still watch his crypto stash experience solid growth. He said: Cryptocurrencies, they’ve become unstoppable, and even as someone who likes them, I think they’ve become the definition of rank speculation. You could argue they’re roaring because people want insurance against inflation, but […]
October 24, 2021

Adshares.net web3 Marketing Protocol Aims for Metaverse Ads

PRESS RELEASE. Adshares ($ADS) decentralized network working since 2017, created the possibility to connect Publishers and Advertisers directly with the use of blockchain and allows them to sign advertising contracts without intermediaries. The Adshares team is constantly putting in a lot of effort to grow their ecosystem which shows that Adshares is considered one of the biggest players in the decentralized ad network market in the world for a reason. This is well illustrated by the number of impressions of their ads, which surpassed 200 million per month. Metaverse is a concept of a future iteration of the internet, made up of persistent, shared 3D visual spaces linked into a perceived virtual universe. The metaverse in a broader sense may not only refer to virtual worlds, but the Internet as a whole, including the entire spectrum of augmented reality. Metaverse […]
October 24, 2021

Top 5 cryptocurrencies to watch this week: BTC, SOL, AVAX, ALGO, AXS

Traders are watching to see if BTC’s bounce of the 20-day moving average resumes the uptrend. Meanwhile, SOL, AVAX, ALGO and AXS are preparing for a move higher.
October 24, 2021

Bitcoin Hashrate Increases 32% in 3 Months, Stealth Miners Command 12% of BTC’s Hashpower

Bitcoin’s hashrate has been increasing a great deal during the last three months, as it’s increased more than 32% from 103 exahash per second (EH/s) on July 25 to today’s 137 EH/s, with a few highs in between around the 189 EH/s mark. Bitcoin’s price spike has pushed the hashrate higher and in a week’s time, the overall mining difficulty is expected to increase for the eighth time in a row. Bitcoin Hashrate Steadily Rises Higher As bitcoin’s price is still more than 30% higher during the last month, even after the fall below the $60K region, the network’s mining power has increased a great deal. Three-month statistics show that Bitcoin’s hashpower has jumped above the 160 EH/s zone nine times since July 25 and over 180 EH/s once so far. At that time three months ago, BTC’s hashrate was […]
October 24, 2021

El Salvador Airline Firm Volaris Says “Yes” to BTC Payments

Volaris – a low-cost airline company based in El Salvador – explained in a recent press release that it will begin accepting bitcoin for plane tickets. El Salvador Is Moving Ahead in the BTC Space The news was confirmed by the country’s president Nayib Bukele and is another push towards a crypto-based society. In a tweet, the president stated: This allows us to increase the offering of flights for Salvadorians, in addition to being the first airline in the world to accept bitcoin and of course Chivo wallet. El Salvador made history this year when it decided it was going to be the first country to declare bitcoin legal tender. While this had been discussed in the past, the Central American nation is the first to move forward on the notion of making BTC legal to use for purchases. The […]
October 24, 2021

Crypto in the crosshairs: US regulators eye the cryptocurrency sector

U.S. regulators are looking at crypto-related areas, touching on financial regulation, economic innovation and national security.
October 24, 2021

CryptoDragons: NFT Eggs Today, Earning Dragons Tomorrow

CryptoDragons is a newly created Metaverse on the Ethereum blockchain, consisting of 9 interconnected smart contracts that are interconnected with each other through the logic of NFTs creation (ERC-721 standard) and the functionality they are used for. The new distinctive NFT project with breedable and collectible NFT dragons introduces the first blockchain DNA, battling Arena and earning NFTs. It’s a full-fledged Ethereum-based expanding Metaverse that will burst out from a limited collection of  10,000 Eggs. Out of these Eggs, three – Common, Epic, and Legendary types of dragons will hatch to lay the foundation of an entire NFT dragon Metaverse. The fourth Rare class will be the result of breeding. Each Egg can be hatched only once, after hatching the Egg NFTs a dragon NFT will be minted, again, there is only one shot for it. Newly hatched dragons will […]
October 24, 2021

Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February

According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital currency (CBDC) rollout. Chinese Government Pushes McDonald’s, Visa, Nike to Accept CBDC The People’s Republic of China is preparing for its full roll-out of the CBDC in February 2022, during the introduction of the Beijing Winter Olympics. According to the Financial Times’ (FT) unnamed sources, the Chinese government wants McDonald’s to get on board with the digital yuan. FT notes that a large quantity of McDonald’s restaurants in Shanghai are currently testing China’s CBDC. Now Beijing is pressing the company itself to get more McDonald’s restaurants to follow Shanghai’s lead. A […]
October 24, 2021

Congress Urges Facebook to Give Up Its Novi Wallet Program

Senate Democrats are calling for Facebook to give up Novi and exit the cryptocurrency space altogether. Will Facebook Cease All Crypto Ambitions? The news comes after it was announced that the social media giant was joining hands with popular cryptocurrency exchange Coinbase to support whatever assets it was set to offer those who took part in the latest Novi wallet testing phase. The testing is set to be carried out in the coming months in both the U.S. and Guatemala. Several Democrats – including Brian Schatz of Hawaii, Sherrod Brown of Ohio, and Elizabeth Warren of Massachusetts – penned a letter to Facebook founder and CEO Mark Zuckerberg asking him to give up his cryptocurrency ambitions and exit the financial space. The sentiment is that Zuckerberg and Facebook cannot be trusted with other people’s money and financial information following the […]
October 24, 2021

Fear not, investor: Finding stability amid crypto market volatility

Volatility in the crypto markets is here to stay. Thus, understanding the utility, necessity and long-term viability of projects is crucial.
October 24, 2021

Why Is the IMF Afraid of Cryptoization?

Speaking of Bitcoin on the CoinDesk Podcast Network is brought to you by CrystalBlockchain.com. Join hosts Adam B. Levine, Jonathan Mohan and Andreas M. Antonopoulos as they dissect the October global financial stability report from the International Monetary Fund (IMF) subtitled “COVID-19, Crypto and Climate: Navigating Challenging Transitions.” An entire chapter of the report is dedicated to destabilization factors crypto poses, at least as identified by the IMF. It even coined a new term, “cryptoization,” to refer to the introduction and/or substitution of crypto in emerging markets. Although worries of supply shocks, supply chain inflation and stagflation fill headlines, the IMF placed crypto in the top three stability concerns. Is the organization gearing up to poise crypto as the scapegoat in case of an oncoming financial crisis? Credits Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan and Adam B. Levine, […]
October 24, 2021

As the CME’s Volume Gets Pumped, the Bitcoin ETF’s Quirky Structure Could Explain Some of It

Last week’s launch of the ProShares Bitcoin Strategy ETF (BITO) was a smash hit by any measure. Yet it may be that at least part of its success could in part be the result of how the instrument is structured rather than pure demand from buyers hoping for bitcoin exposure. In just a few hours, the exchange-traded fund (ETF) amassed $570 million in assets under management (AUM), making it one of the most successful debuts of an ETF in history. Within a few more hours, that number just about doubled. You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. BITO’s assets are mostly invested on the Chicago Mercantile Exchange (CME), which saw an expected increase in both open interest and […]
October 24, 2021

5 Dollar-Pegged Tokens Command 94% of the Swelling $135 Billion Stablecoin Market Cap

During the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in stablecoins but the top five collectively represent 94.40% of that total. While the largest stablecoin in terms of market cap increased by 2% over the last 30 days, the stablecoin DAI issued by the Makerdao protocol expanded by 22%. Tether and Circle’s USD Coin Rule the Roost Stablecoins are very popular these days and it’s safe to say that these dollar-pegged tokens are not going anywhere any time soon. For instance, at the time of writing, there’s around $29.2 billion in global trade volume dedicated to bitcoin (BTC) trades only. Currently, the stablecoin tether (USDT) commands 61.46% of all the BTC trades according to cryptocompare.com data. Below the U.S. dollar […]
October 24, 2021

Shiba Inu Hits Record High as Bitcoin Eyes Weekly Price Loss

Shiba Inu (SHIB), the self-proclaimed dogecoin killer, tapped lifetime highs on Sunday as bitcoin appeared on track to snap its three-week winning streak. The meme token traded at $0.0000455 at 11:20 UTC, topping the previous record price of $0.0000388 reached on May 10, according to data source Messari. Prices have risen by nearly 50% in the past 24 hours, extending the month-to-date gain to almost 500%. SHIB’s latest leg higher from $0.0000270 comes amid rumors that online brokerage platform Robinhood may soon list the cryptocurrency. Prices surged over 200% in the month’s first week on the back of increased buying by whales or large investors. The token has picked up a strong bid four days after bitcoin’s move to a new record high of $66,975 on Oct. 20 and points to an increased risk appetite in the cryptocurrency markets. The […]
October 24, 2021

Play-to-earn games are ushering in the next generation of platforms

Blockchain-based games that allow players to earn cryptocurrencies as they play are paving the way for a new era in gaming.
October 24, 2021

5 Amazing Virtual Land NFTs That You Can Actually Buy

The next economy is upon us. The old economy was an economy of scarcity, in which the most valuable assets were land and natural resources. The new economy is one of abundance, in which the most valuable assets are data, knowledge, and relationships—and virtual worlds like Next Earth are leading the way to this new world. If you’re reading this article, then you’ve probably already heard about how blockchain-based metaverses allow users to own their assets and earn income by selling virtual goods. What many people don’t realize is that there’s an entire NFT-based replica of Earth that you can buy into, too. In this article, we’ll cover the top 5 locations to buy virtual land on Next Earth, straight from other users through the Next Earth NFT marketplace. North Las Vegas Airport Tower Perhaps you can’t afford a massive […]
October 24, 2021

The US Government Sold a Wu-Tang Album to a DAO for $4M

This episode is sponsored by NYDIG. Download this episode On today’s “Long Reads Sunday,” NLW tells the story of PleasrDAO buying a one-of-a-kind hip hop album, and what it means that the U.S. government is interacting with this new type of collective. He also reads: How to Do Business as a DAO Thread: DAOs as Changing the Fate of the Species See also: Martin Shkreli’s Wu-Tang Clan Album Now Belongs to a DAO “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Michael Hurcomb/Corbis Entertainment/Getty Images, modified by CoinDesk.
October 24, 2021

6 Questions for Jennifer Wines of Fidelity Private Wealth Management

October 24, 2021

From $4 to Over $3.1 Million — Miner Transfers 50 ‘Sleeping Bitcoin’ After BTC Sat Idle for 11 Years

On October 22 at 4:52 p.m. (EDT), a miner that acquired 50 bitcoin on May 17, 2010, spent the funds that sat idle for 11 years and five months. There hasn’t been a 2010 block reward spent in three months and the last time a 2010 miner spent their ‘sleeping bitcoin’ was on July 4, 2021. After waiting patiently for more than a decade, the miner who spent the ‘sleeping bitcoin’ on Friday saw a percentage gain of 76,249,900% if the individual cashed out into U.S. dollars today. Old School Miner Spends 2010 Block Reward After Bitcoins Sat for More Than a Decade It’s been a while since a block reward of 2010 ‘sleeping bitcoins’ have been spent and on Friday, a block reward from that era was transferred after sitting for 11 years and five months. Prior to Friday’s […]
October 24, 2021

CryptoDragons Introduces a World-Class Blockchain DNA Project

PRESS RELEASE. NFTs are all the rage right now – they are essentially unique units of data that generally represent a piece of art, media, or other forms of digital files. There are many interesting projects in youthful stages right now, but one of the most prominent NFT projects to arise recently is CryptoDragons. The project is currently offering a limited collection of 10,000 NFT dragon Eggs for minting. The uniqueness of each individual Egg illustration has been generated through Artificial Intelligence, facilitating a process where the technology creates art. Once the Eggs hatch a unique firstborn Dragon will be minted. It can earn, battle on blockchain Arena, give offspring to the CryptoDragons Metaverse. This means that the initial 10,000 Eggs can be an investment, providing Egg owners an opportunity to generate an offspring of unique NFT dragons. The DNA […]
October 24, 2021

We haven’t even begun to tap into the potential of NFTs

Nonfungible tokens will become a critical component of all brands’ marketing and digital strategy initiatives — and even more.
October 24, 2021

What CBDCs Mean for the Future of DeFi and Stablecoins

Over the last year, the narrative surrounding central bank digital currencies (CBDCs) has advanced considerably. From an almost entirely conceptual discussion, CBDCs are now in various stages of research and development to ascertain how they could work in practice. China’s digital yuan is currently leading the pack. Following several pilots, the Chinese government is expected to roll out its CBDC to a population of over a billion people in 2022. While no other country has yet reached the same stage of CBDC development, there has been surprisingly rapid progress. Recently, G7 finance heads met and reached a consensus over some defining principles for CBDCs. But outside China, some of the most significant results have also been emerging from Asian countries. Charles d’Haussy is a managing director at ConsenSys based in Hong Kong. This op-ed is part of CoinDesk’s “Policy Week,” […]
October 24, 2021

How to Expand Blockchain Beyond Fintech and Into Factories

Blockchain has already improved companies’ ability to track the movement of goods. But what if we use it to track how people experience work? That could unlock an entirely different perspective on global supply chain dynamics. It’s now easy to envision a more efficient future in logistics through emerging decentralized technologies that help improve procurement practices and enable businesses to increase transparency about where products were manufactured, how they were delivered and under what conditions. Allison Price is a senior adviser to the Digital Impact and Governance Initiative at New America. This op-ed is part of CoinDesk’s “Policy Week,” a forum for discussing how regulators are reckoning with crypto (and vice versa). There are potential upsides for businesses, workers and consumers. But it’s equally important to also weigh the challenges and potential impacts. A healthy balance must be struck between […]
October 24, 2021

Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector

The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies. Regulators Accused of Failure to Take Russian Crypto Market Out of Shadow Russian regulatory bodies have been criticized for their actions regarding the cryptocurrency industry in the country. According to Yuri Pripachkin, head of the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib), their actions are still “half-hearted” and are not aimed at finding a systematic solution for Russia’s state policy in the field of digital assets. Speaking to the business news portal RBC, Pripachkin reminded about President Vladimir Putin’s order from Oct. 21, 2017, in which the Russian leader mandated the adoption of legislation tailored to […]
October 24, 2021

Cryptocurrency ATM Boom Comes to Colombia

While Colombia is not a country that has embraced cryptocurrencies compared to Venezuela or some African countries, it is the country with the second most cryptocurrency ATMs in the Latam region. The reason behind this could be that Colombia has a high percentage of cash usage. This makes cryptocurrency ATMs a very important tool for adoption in the country. Colombia, Crypto ATM Haven There is a cryptocurrency ATM boom going on in Colombia right now, being this is the country that hosts the second-highest number of these ATMs in the region. Columbia was in first place until not so long ago, before El Salvador made its bitcoin bet and declared the leading cryptocurrency legal tender. Currently, there are 50 cryptocurrency ATMs in Colombia, but the reasons for this boom are still not clear to some. Colombia has not been especially […]
October 24, 2021

Shiba Inu surges over 45% in two days to reach an all-time high

The latest price jump of SHIB token is attributed to an ongoing bullish trend from Oct. 15, which was followed by a week-long support at roughly $0.00002796.