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Showing posts from April 5, 2021

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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WHALE and RALLY dominate social token scene with $240m market cap

Whale has the largest market cap but fully-diluted figures put Rally ahead. Two social tokens are shining brighter than the rest with a combined market capitalization of $240 million. Research compiled by crypto data aggregator Messari has revealed the WHALE token is the most valuable social token with a market capitalization of $136 million. RALLY is a close second with a $104 million market cap, meaning the pair represent $240 million combined. Whale is currently the most valuable social token by marketcap at $136mm + $RALLY is a close second + $MORK a distant third pic.twitter.com/qi08Rx1HYD — Messari (@MessariCrypto) April 5, 2021 According to CoinGecko , the two tokens represent 83% of the entire social token sector's capitalization.  Social tokens are backed by the reputation of the individual, brand, or community issuing them. While the sector has recently been gaining traction broadly, WHALE and RALLY are currently dominating the pack. Rally is an open Ether...
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CryptoPunks are taking over Miami

The popular NFT collectibles CryptoPunks are set to be showcased across Miami from April 12 as part of a month-long city-wide public art exhibition. Nearly 100 characters from the popular crypto-collectibles project CryptoPunks will be displayed across bus shelters and billboards in Miami for one month from April 12. The showcase will be hosted by non-profit art organization SaveArtSpace as part of its exhibition “ Pixelated ” — a month-long city-wide public art exhibition that will take over the streets of Miami for the first time this year. In addition to the 96 characters that will be on display across the city, the popular NFTs will also be displayed during the event as part of a pop-up exhibition of CryptoPunks in partnership with art equipment retailer Blackdove at 69 East 41st St, Miami on April 15. CryptoPunks was one of the first non-fungible token projects created on Ethereum, having launched in 2017. The project mints tokens featuring unique cartoon characters that hav...
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PotCoin Migrates to Nexus

PRESS RELEASE. PotCoin (â±£) is migrating over from their legacy blockchain to Nexus (NXS). PotCoin has made Nexus their platform of choice, with the confidence that together they will best serve the growing cannabis industry. The recreational and medical cannabis market in North America already accounts for roughly $17.7 billion in 2021 and is forecast to reach 47.3 billion by 2027 [1] , an estimated 44% annual increase. As cannabis continues to be decriminalized and legalized around the world, the potential for economic growth is exponential. After much consideration, PotCoin recognized Nexus as being the best suited platform to support their ambitions in this rapidly growing industry. “With the huge growth predictions for the industry, we required a platform that could handle future transaction volume. A scalable architecture, DApp development through APIs, the replacement of static private keys with One-Time Signatures (OTS), and use of leading post quantum cryptography were all d...
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British Authorities Take Down Dark Web Ecstasy Gang, Seize $5.8M in Drugs

The string of dark web gangs being cracked down by law enforcement is still alive across the world. Recently, the British authorities dismantled an unnamed dark web band known for selling ecstasy and gathering millions of dollars worth of crypto. Gang Sold Ecstasy, Amphetamine, and Diazepam in Several Darknet Forums According to The Independent , the National Crime Agency (NCA) deployed an operation that targeted several houses in North East England, specifically in the metropolitan borough of South Tyneside. Authorities were concerned and raised red flags last year after intercepting large shipments of ecstasy. All parcels had as final destinations like the United States, Israel, Norway, Thailand, Hong Kong, Malaysia, and even the UK, said the NCA. Also, law enforcement traced encrypted messages exchanged between suspects, who allegedly talked about illegal transactions with drugs and money laundering via cryptocurrency trading. The NCA seized 90 kg of ecstasy, 134 kg of ampheta...
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Bitcoin's $1 trillion market holds for 10 days straight

Bitcoin’s trillion-dollar market capitalization has held strong since March 26. More than 10% of BTC supply has been moved while Bitcoin’s market capitalization has been more than a trillion dollars since March 26, indicating strong support in the middle and upper-$50,000 price range. According to the April 5 ‘ Week on Chain’ report from on-chain analytics provider Glassnode, Bitcoin has enjoyed a $1 trillion market capitalization for more than one week for the first time. “This is a strong vote of confidence for Bitcoin and the cryptocurrency asset class as a whole,” the report said. Glassnode also noted that 1.98 million BTC have moved on-chain while  Bitcoin’s capitalization has held above $1 trillion , equal to 10.6% of the circulating supply. The report noted the mid-to-high $50,000 range has shown the strongest on-chain support since prices were roughly $11,000: “Impressively, this on-chain volume has formed one of the strongest on-chain support levels since price...
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Celebrity VC fund unveils $1m NFT contest judged by Snoop Dogg and Mark Cuban

If your NFT idea is innovative enough, Snoop Dogg, Mark Cuban, Ashton Kutcher, and other celebrities could invest $1 million into it as part of a Shark Tank-style contest. Sound Ventures, a venture capital fund comprising celebrities, musicians, and a billionaire, are offering at least $1 million for the “most innovative” idea for a nonfungible token, or NFT over the next week. Announced on April 5, the event invites anyone from around the world to pitch their NFT project to a team of eight judges before April 12. According to the competition page, it doesn’t matter if the pitches are little more than an idea or a fully-fledged product already on the market. The wording also suggests the contest’s winners will have the opportunity to work alongside Sound Ventures long-term. “Those applying should be interested in building a company over the long-term,” the announcement says. Working on NFTs? Pitch your idea LIVE to me @guyoseary @snoopdogg @3LAU @WhaleShark_Pro @MetaKovan @...
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BTC Futures Open Interest Hits $23B, Binance Captures Lion’s Share, Signals Say 43% Chance of $64K Bitcoin by Month’s End

Bitcoin futures open interest on Monday has crossed $23 billion according to data recorded on April 5. The crypto asset exchange Binance has taken the lead as far as open interest in bitcoin futures is concerned with a massive $10.5 billion in open interest. Binance Captures the Bitcoin Futures Lead Not too long ago, Bitcoin.com’s newsdesk reported on CME Group capturing the lead as far as open interest in bitcoin futures. Today, that’s no longer the case, as Binance has jumped ahead of the pack as far as delivering futures derivatives products for BTC . Skew.com analytics indicates that Binance is ahead of Bybit, Okex, CME, Huobi, FTX, Deribit, Bitmex, Kraken, Bakkt, and Coinflex respectively. Binance, Huobi, Okex, and Bybit are also leaders when it comes to BTC futures daily volumes. Coingecko data is a touch different and shows bitcoin futures 24-hour total volumes at around $22,984,388,835 on Monday. Stats show Binance has $10.5 billion in open interest and $47 billion in 2...
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Nexo faces lawsuit for liquidating $5m in client collateral amid XRP delisting

Crypto lending platform Nexo has been accused causing $5 million worth of client liquidations after suspending the use of XRP as collateral without warning in December. United States-based crypto lending platform Nexo is facing a class-action lawsuit over suspension of XRP services on Dec. 23, 2020. Lead plaintiff, California resident Junhan Jeong submitted the complaint on April 1. The complaint accuses Nexo of breaching its user agreement by suspending the use of XRP as loan collateral without notifying its customers beforehand. The suspension followed the SEC’s legal action against Ripple Labs for conducting unregistered securities offerings on December 22. Nexo allows users to borrow fiat currency or stablecoins using over-collateralized loans that are backed by crypto assets. Should price fluctuations in the crypto markets cause loans to no longer meet the platform’s required loan-to-value, or LTV, ratio, the complaint cites Nexo’s terms of service as stating that “Nexo wil...
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BTG Pactual’s new Bitcoin fund teams up with Gemini for custody

Gemini is providing custody services to the first Bitcoin fund issued by a Brazilian investment bank. Gemini, the U.S.-based crypto exchange and custodian founded by Tyler and Cameron Winklevoss, has announced it will provide custody services for the forthcoming Bitcoin fund from Brazil’s top investment bank, BTG Pactual. An April 5 announcement indicates Gemini’s subsidiaries Gemini Custody and Gemini Fund Solutions will provide customized services for the fund. The post also notes a philosophical alignment between the two firms. Approved last month, BTG Pactual’s Bitcoin 20 Multi-Market Investment Fund became the first fund launched by a Brazilian investment bank that offers exposure to BTC when it went live on April 5. The fund invests 20% of its assets under management, or AUM, into Bitcoin, with Gemini tasked with securely storing the coins. The fund also allocates 55% of its AUM into treasury bonds, 20% into bank deposit certificates, and 5% into repo operations. All of...
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Shark Tank’s Kevin O’Leary Will Only Buy ‘Clean’ Bitcoins — Says Institutions Will Not Buy ‘Blood Coins’ From China

Kevin O’Leary, aka Mr. Wonderful, says he will only buy “clean” bitcoins that are mined sustainably in countries that use clean energy. He says institutional investors are concerned about where bitcoins are mined and will not buy “blood coins” from China. Clean Bitcoins vs. ‘Blood Coins’ Shark Tank star Kevin O’Leary talked about an emerging challenge with bitcoin investing for institutional investors and clean energy in an interview with CNBC on Monday. “What’s really emerging as a bit of an issue” regarding bitcoin investing for institutions concerns where the coins are mined, he began. “We have compliance on large institutions. We have covenants around how assets are made, whether carbon is burned, whether human rights are involved, whether it’s made in China,” he described, elaborating: All these issues … have now come to the fore on bitcoin. Institutions will not buy coin mined in China, coin mined using coal to burn for electricity, coin mined in countries with sanctions on...
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Altcoins notch triple-digit gains as Bitcoin price pushes toward $60K

Traders say the multi-year highs seen from many tokens prove that an altcoin season is at hand. If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway.  Similar to previous cycles, after ( BTC ) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into large and small market cap altcoins.  WRX/USDT, WIN/USDT, BTT/USDT, STX/USDT and HOT/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets and TradingView shows that while Bitcoin traded in a range between $57,000 and $60,200 over the past week, multiple altcoins saw double-digit gains as exchange listings and protocol developments brought a new wave of enthusiasm and trading volume for select projects. Tron ecosystem leads the altcoin rally Tokens in the Tron ( TRX ) ecosystem saw a noticeable uptick in their trading volumes over the past 2 days with the gambling-focused WINk token experi...
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Cryptocurrency market cap hits $2 trillion — Now worth as much as Apple

The combined market cap of all cryptocurrencies reaches $2 trillion for the first time. The market capitalizations of all cryptocurrencies in existence surpassed $2 trillion on April 5, according to data from Goingecko, led by the impressive growth of Bitcoin ( BTC ), Ether ( ETH ) and other altcoins in 2021. The cryptocurrency market as a whole has become approximately as valuable as Apple, the second biggest company in the world after Saudi Arabia's oil giant Aramco. The milestone also comes less than three months after the cryptocurrency market surpassed $1 trillion for the first time back on Jan. 7 when the price of Bitcoin was around $33,000.  Will the Ethereum and altcoin bull market continue? In recent months, several major catalysts have fueled both Bitcoin and Ethereum to rally strongly to new all-time highs. Financial institutions, like PayPal and Visa, are beginning to actively support cryptocurrencies as Bitcoin was leading the cryptocurrency ma...
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Grayscale publishes roadmap for turning its products into crypto ETFs

The company is renewing its push for a U.S. ETF but offered no specific guarantees or promises. After several attempts in previous years, Grayscale has renewed its push to release a Bitcoin exchange-traded fund on American asset markets. According to a Monday roadmap , two of its funds, GBTC and ETHE, are on the short-list to become proper ETFs. However, the company has not indicated any concrete efforts, such as filing a new request with the SEC, nor has it provided meaningful timelines for these plans. Grayscale is one of the major providers of cryptocurrency exposure in traditional markets, operating several trust funds for major cryptocurrencies. These funds hold cryptocurrencies, such as Bitcoin ( BTC ), Ether ( ETH ), Bitcoin Cash ( BCH ) and many others, and issue shares that are expected to reflect the value of the underlying assets. According to Grayscale’s roadmap, each trust fund falls into four categories of development. The first is the “private placement” phase, where...
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Bitcoin miner firm Ebang launches Ebonex crypto exchange

Cryptocurrency miner supplier Ebang has officially launched its own crypto exchange after an invite-only beta phase earlier this year. Ebang, a publicly-listed company providing mining hardware for cryptocurrencies like Bitcoin ( BTC ), has officially announced the launch of its own crypto exchange. According to an announcement on Monday, qualified investors will be soon able to register and trade on Ebang’s cryptocurrency exchange dubbed Ebonex. Ebang CEO and chairman Dong Hu said, “In recent years we have made a considerable investment in R&D talent recruiting, as well as product innovation and iteration. The launch of our cryptocurrency exchange business will not only expand the revenue sources from our cryptocurrency business, but also optimize the development of our blockchain industry chain.”  Ebonex supports major cryptocurrencies like Bitcoin and Ether ( ETH ), as well as stablecoin Tether ( USDT ). Other supported coins include Litecoin ( LTC ), Cardano ( ADA ), ...
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The next big Bitcoin price move: Optimism is high, but is it justified?

While many believe Bitcoin may settle anywhere in the $63K–$75K range next, some are optimistic about even higher price action. The crypto market seems to be once again heating up, with Bitcoin ( BTC ) flirting with the $60,000 mark for almost a week now. However, despite its bullish outlook, the flagship crypto has failed to steer clear of the aforementioned price range with any sort of conviction, even though it did break through once , albeit for a brief period of time. Regardless, analysts, such as Filbfilb, co-founder of trading suite DecenTrader, and Willy Woo believe that with the Coinbase IPO looming large on the horizon , Bitcoin seems primed for big things in the near term, especially as the premier crypto continues to exhibit seven-day gains of over 13%. On the subject, Filbfilb recently stated : “We may see increased volatility around this time period of the 14th April. I do think that we are on the brink of a strong breakout.” He also later pointed out that the bears ...
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Starbucks Customers Can Now Pay With Bitcoin via Bakkt’s Digital Wallet App

Starbucks customers can now pay for items with bitcoin by leveraging the Bakkt digital wallet application. Bakkt’s CEO, Gavin Michael explained that 500,000 users participated in testing before the launch, as the company says it looks forward to expanding crypto assets to everyone. You Can Now Pay for Goods at Starbucks With Bitcoin You can now pay with bitcoin by leveraging the Bakkt wallet at the popular chain of coffeehouses called Starbucks. With over 30,000 locations worldwide, Starbucks is the world’s largest coffeehouse chain and pulls in around $26.50 billion in revenue yearly. According to Bakkt executives, 500,000 customers participated in Bakkt’s invitation-only early access program, and now anyone can download the application via the App Store and Google Play Store and use it to make purchases. “The average consumer holds a wealth of digital assets – from gift cards to loyalty points to bitcoin – but lacks the tools to adequately track and utilize their value,” Bakkt’s ...
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GME drops 14% as GameStop announces plans to sell up to 3.5M shares

After skyrocketing above $370 following the Reddit-driven short squeeze, GameStop shares are now trading at around $160. GameStop Corporation, an American gaming and consumer electronics retailer, has announced its plans to sell up to 3.5 million GME shares following the stock’s massive and controversial rally . The firm announced Monday that it has filed a prospectus supplement with the United States Securities and Exchange Commission, under which it may offer and sell up to 3.5 million shares of GME stock via an at-the-market, or ATM, equity offering program. GameStop said that its total global sales increased nearly 11% for the nine-week period ending April 3, 2021. GameStop noted that its common stock will be offered through American multinational independent investment bank Jefferies Group, which will serve as the sales agent. The firm said that Jefferies may sell common stocks by “any lawful method deemed to be” an ATM offering as defined by rule Rule 415(a)(4) of the Securi...
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ClinTex to Give Away 1 Million USD in CTi Tokens With Unique Staking Program

PRESS RELEASE. Pioneering clinical trials platform ClinTex is giving away $1 million USD worth CTi tokens through a unique staking program, which is running from April 1st to September 30th, 2021. London, United Kingdom – Following a successful launch in 2020 ClinTex has been developing CTi-OEM, a blockchain app focused on using data analytics to enhance operational efficiency in clinical trials. Due to the success of the CTi presale (in which the soft-cap target was achieved) and the swift development of the platform, ClinTex chose not to go ahead with the final stage of its IEO. Instead the company chose to continue with a secure CTi token listing on top cryptocurrency exchange KuCoin and sustain the impressive momentum that the project had started to gather. CTi Growth Since its listing on KuCoin both the project has seen significant growth. Humbled by the level of support that the project has gathered in a relatively short period, ClinTex have decided to reappropriate the...
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