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Showing posts from October 20, 2021

Blockchain Game Developer Animoca Brands Raises $65 Million – Ubisoft, Sequoia China Participate in Funding

On Wednesday, the global developer utilizing popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile technology, Animoca Brands announced the company has closed a capital raise for $65 million. Animoca Brands now has an overall valuation of $2.2 billion after raising funds from firms like Liberty City Ventures, Ubisoft Entertainment, Sequoia China, and Dragonfly Capital. Animoca Brands Raises $65 Million In July, Animoca Brands announced the company raised $138.88 million in order to deliver digital property rights via non-fungible token (NFT) technology. The company Animoca Brands was co-founded by Yat Siu in January 2014 and in recent times the company has been focused on blockchain gaming and NFTs. Animoca Brands has backed Sky Mavis the creators of Axie Infinity and the leading NFT marketplace in terms of trade volume Opensea . “Animoca Brands is bringing digital property rights to online users, primarily for consumer video game players and the...

AMC gets 'hyperactive' about crypto, CEO says it may issue its own coin

The AMC boss said that there are many reasons why the company could issue its own cryptocurrency. American multinational entertainment giant AMC is getting very excited about blockchain and the company’s chief executive is publicly mulling the issuance of its own cryptocurrency. During an interview with CNBC on Oct. 20, AMC chief executive Adam Aron discussed the firm’s crypto ambitions. There were no solid details but the company boss did make some revealing comments. “We’ve made a lot of noise in the last few months about getting hyperactive in cryptocurrency.” He then canvassed the possibility of AMC issuing its own coin, stating: “There are a lot of reasons why AMC could be a successful issuer of cryptocurrency as well as a redeemer of cryptocurrency.” He added that this was just one of half a dozen ideas the company is working on at the moment. AMC is very forward-looking with regards to digital assets. In August, the firm stated that it intended to have the infrastructure i...

Nifty News: Playboy unveils 11,953 bunny avatars, Martha Stewart cooks up NFTs...

Martha Stewart has entered the NFT sector by cooking up some Halloween-themed collectibles, Coinbase announced its first four partnered NFT creators, and Playboy is dropping 11,953 unique bunny NFTs. Playboy to release tokenized bunnies into the wild PLBY Group, Inc, the owners of the raunchy lifestyle magazine Playboy unveiled a new NFT project consisting of 11,953 unique 3D animated bunny avatars. According to an Oct. 20 announcement, the number of NFTs pays homage to Playboy’s founding year of 1953 and the tokens will serve as “keys to a reimagined Playboy Club,” which gives the owners access to exclusive events, content and merchandise. Playboy Rabbitar NFT: PLBY Group, Inc, The launch of the Ethereum-based NFTs begins on Oct. 24, with a pre-sale for whitelisted investors until Oct. 26. Two public sales launch the following day, one for USD customers, and the other for those paying with ETH. The sales are being hosted on an official “Playboy Rabbitar” website, and the NFT...

How Binance is protecting its users with responsible trading program

Bad actors may always exist, but cryptocurrency leaders like Binance have a plan in place to prevent harmful attacks. The sad reality is that a lot of fake news, scam messages and other fraudulent and defamatory materials are circulating the web, making it difficult for investors to know what information is legitimate and who they can trust. While trading can be fun and exciting, it can also lead to emotional or financial stress, especially when many dishonest parties manipulate the market. Although bad people will always exist, traders can exercise caution by leveraging the principles of responsible trading. Responsible trading requires investors to execute control over their trades, knowing when they are in a suitable position to take on risks and taking accountability for their actions. By acting as a responsible trader, investors never take risky positions without research or invest funds they cannot afford to lose. For this reason, Binance continues to focus on the ongo...

Mars4 – Unique NFT Land Plots of the Red Planet for Crypto Fans

There was a time when space travels showed only on screens and dreams about Mars seemed out of this planet. Welcome to the present, then it has become real. Now You can own a piece of the Red Planet by participating in the Mars Land NFT sale running on Ethereum. Touch the red earth, take the first step, discover the water, or grow the first plant on Mars. MARS4 – How is it unique? Mars4 – centered ecosystem where you can explore a virtual Mars Metaverse, own and customize your land property with MARS4 Tokens and even reap the rewards of the world’s first revenue-generating NFT! Attractive tokenomics of Mars4 leverages NFT Mars Land, Gamification, and Token Redistribution. The Mars4 project’s development team has modeled a detailed 3D map of Mars’ terrain after NASA’s Mars data. Think of it as Mars’ equivalent of the 2001 Google Earth 3D map. The total area of the Red Planet is divided into 99.888 unique land plots, each represented by a unique NFT. Mars4 is a platform that allows...

PleasrDAO adds $4M 'OG NFT’ Wu-Tang Clan album to its collection

‘Once Upon a Time in Shaolin’ has been dubbed the OG NFT and now PleasrDAO has turned the title deed to the work into a real NFT. PleasrDAO has revealed itself to be the new owners of Wu-Tang Clan's one-of-a-kind, unreleased album ‘Once Upon a Time in Shaolin’. The 74 members of the Decentralized Autonomous Organization (DAO) now share collective ownership of the album. The group purchased the sole copy of the album from the US federal government for $4 million at the end of July this year, collected it in September and moved it to a vault at an undisclosed location in New York. The DAO has minted the ownership deed as an NFT with the help of crypto savvy attorney Peter Scoolidge. A collective of DeFi leaders, early NFT collectors and digital artists, PleasrDAO is well known for tokenizing the original Doge meme and purchasing Edward Snowden’s ‘Stay Free’ artwork for 2,224 ETH. The government came to possess the album in 2018 after seizing the assets of former owner ‘Pharma ...

Real Estate Platform Pacaso Accepts Crypto Assets for Payments, CEO Says ‘Mass Crypto Adoption Well Underway’

On October 20, the day bitcoin smashed a new all-time price high, the real estate platform Pacaso announced it will be accepting cryptocurrencies via Bitpay. The CEO of the real estate firm that helps people buy and co-own a second home, Austin Allison, says the firm has seen increased crypto adoption “across the real estate industry.” Real Estate Platform Pacaso Now Supports Crypto Payments The firm Pacaso is a real estate platform co-founded by Spencer Rascoff and Austin Allison. Rascoff is well known for co-founding Zillow Group and co-founding Hotwire.com as well. In October 2020, Rascoff co-founded Pacaso with Allison, and the company is considered a real estate platform that makes owning a second home easier by leveraging shared ownership. Pacaso’s business model is similar to the timeshare model but it’s also a touch different. “Forget timeshares, with Pacaso, you own a home, not just a block of time,” the company’s website details. “You can book stays throughout the year,...

Bitcoin futures ETF hits $1B AUM in a record-breaking two days

The ProShares Bitcoin ETF has beaten an 18-year-old record for the fastest fund to a billion-dollar AUM. Since the ProShares Bitcoin Strategy ETF started trading this week, it has become the fastest fund ever to reach $1 billion in assets under management (AUM). The highly anticipated launch of the first Bitcoin futures exchange-traded fund in the United States, BITO, has resulted in a number of milestone achievements. Bloomberg senior ETF analyst Eric Balchunas reported that the fund was the quickest ever to reach a ten-figure AUM after just two days of trading. BITO easily surpassed the previous record holder, a gold-based fund with the ticker GLD, which took three days to hit the billion-dollar mark in 2004. He commented that this was “poetically apropos,” presumably in reference to Bitcoin’s store of value properties and comparison to digital gold. RECORD BREAKER: $BITO assets up to $1.1b after today, making it the fastest ETF to get to $1b (2 days) breaking $GLD’s 18yr old...

Animoca Brands doubles valuation to $2.2B with new $65M funding round

Animoca has raised $65 million in its latest funding round, with more than 43.8 million of newly issued shares to be distributed to investors at a price of $1.51 per share. NFT-game and virtual property developer Animoca Brands has doubled its valuation to $2.2 billion after closing a new funding round that fetched $65 million. The latest funding round was conducted at a pre-money valuation of $2.2 billion, and included backing from gaming giants Ubisoft Entertainment along with Liberty City Ventures, Sequoia China, Dragonfly Capital to name a few. It’s more vindication for a company that was kicked off the Australian Securities Exchange (ASX) in March 2020, in part for its involvement in cryptocurrencies. According to the Oct. 20 announcement from the firm, more than 43.8 million newly issued shares will be distributed to investors at a price of AUD $2 per share, or USD $1.51. We have closed a capital raise for US$65 million conducted at a pre-money valuation of US$2.2 billion...

Billionaire Paul Tudor Jones Now Prefers Crypto Over Gold as Inflation Hedge

Billionaire hedge fund manager Paul Tudor Jones says that bitcoin is currently “winning the race against gold.” He added that the cryptocurrency is his preferred inflation hedge over gold. Paul Tudor Jones Chooses Bitcoin Over Gold Paul Tudor Jones, the founder of asset management firm Tudor Investment Corp., talked about bitcoin being his preferred hedge against inflation in an interview with CNBC Wednesday. He said: Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold at the moment … It would be my preferred one over gold at the moment. “I’ve got crypto in single digits in my portfolio,” he continued. “I do think we are moving into an increasingly digitized world.” Jones said he is worried about rising inflation, noting that it’s posing a major threat to the U.S. financial markets and the recovering Covid-hit economy. The price of bitcoin surpassed all-time highs Wednesday after the first bitcoin futures exchange-traded fund (ETF) in the U.S. star...

Diem tells Senators on the warpath over Novi: We're not actually Facebook

In response to a letter from the U.S. calling on Facebook to halt its stablecoin and crypto wallet projects, Diem stated that it “is not Facebook. We are an independent organization” Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate cessation of the firm’s Novi crypto wallet. Diem also claimed senior regulators had called it “the best-designed stablecoin project that the U.S. government had seen.” In an Oct. 19 letter sent to Facebook CEO Mark Zuckerberg, the Senators including crypto critic Elizabeth Warren, voiced their “strongest opposition to Facebook’s revived effort to launch a cryptocurrency and digital wallet.” Earlier that day the Novi wallet was launched in partnership with Coinbase, with a pilot in the U.S. and Guatemala to enable users to buy, send and receive Pax Dollars (USDP) through their Novi account. Diem’s response to the letter stated the Senators had misunderstood the “relationship bet...

Ark Invest founder Cathie Wood passed on buying the first Bitcoin Futures ETF

She cited an investigation into tax ramifications as one of Ark Invest’s reasons for withholding for now. Ark Invest founder and CEO Cathie Wood did not invest in the ProShares Bitcoin Strategy Exchange Traded Fund, or ETF, on opening day, according to Business Insider . Wood said about the ETF’s debut: “No, we did not [invest]. We’re looking at this very carefully […] there are some tax ramifications we’d like to understand more having to do with contango versus more normal backwardation.” The contango of the ETF refers to when the future price of the commodity is higher than the spot price. Backwardation is when the forward price of the futures contract is lower than the spot price in a downward trend. This past June, Cathie Wood’s Ark Invest partnered with 21 Shares to file for its own Bitcoin ETF. She is also no stranger to the equities market when it comes to investing in cryptocurrencies. One of her fund’s, Ark Investment Management, was approved to invest in Cana...

US Senators Urge Facebook to Discontinue Crypto Wallet Pilot Citing ‘Insufficient’ Ability to Keep Consumers Safe

A group of U.S. senators has asked Facebook CEO Mark Zuckerberg to discontinue his company’s crypto wallet pilot and commit to not bringing the cryptocurrency Diem to market. “Facebook cannot be trusted to manage a payment system or digital currency when its existing ability to manage risks and keep consumers safe has proven wholly insufficient,” the lawmakers said. US Senators Urge Facebook to Stop Crypto Wallet Pilot U.S. Senators Brian Schatz, Sherrod Brown, Richard Blumenthal, Elizabeth Warren, and Tina Smith wrote a letter to Facebook CEO Mark Zuckerberg regarding the company’s cryptocurrency project Tuesday after the social media giant launched a pilot for its crypto wallet Novi. Facebook has chosen the Nasdaq-listed crypto exchange Coinbase as its custody partner for the pilot . “Novi users who can participate in the pilot can acquire pax dollar (USDP) through their Novi account, which Novi will hold on deposit with Coinbase Custody. Novi users will then be able to transfer ...

Following Bitcoin’s all-time high, DeFi TVL hits a record high above $233B

The total value locked in DeFi protocols soared to $233.8 billion as rising token prices and the increasing integration of stablecoins helped send the metric to a record high. Bullish sentiment is running high across the cryptocurrency market on Oct. 20 as Bitcoin’s ( BTC ) surge to a new all-time high at $67,000 thrust the digital asset into uncharted territory and investors are closely watching to see how altcoins and DeFi tokens react to the move. Crypto Fear & Greed Index. Source: Alternative.me The DeFi sector has also benefited from BTC's bullish breakout and today the total value locked (TVL) across all DeFi protocols climbed to a new record-high. According to data from DeFi Llama, which collects data from DeFi protocols across all major blockchain networks, including Binance Smart Chain (BSC), Avalanche (AVAX) and wrapped Bitcoin (WBTC), there is now more than $233.88 billion in value locked in protocols across the various blockchain networks. Currently, AAVE le...

Cboe Acquiring Erisx to Enter Cryptocurrency Spot and Derivatives Markets

Cboe is acquiring Erisx to enter the crypto spot and derivatives markets. “With Erisx, in a single step, Cboe is able to enter the digital asset spot, data, derivatives, and clearing ecosystem. Now is the right time to fully embrace and help define this emerging asset class,” said Cboe’s chief operating officer. Cboe Entering Crypto Spot and Derivatives Markets Cboe Global Markets Inc. (Cboe: CBOE) announced Wednesday that it has agreed to acquire Eris Digital Holdings LLC (Erisx). Erisx’s futures exchange and clearing house are regulated by the Commodity Futures Trading Commission (CFTC). In addition, its clearing house is registered with the Financial Crimes Enforcement Network (FinCEN) and licensed in many U.S. states and territories. Noting that “Erisx operates a U.S. based digital asset spot market, a regulated futures exchange, and a regulated clearing house,” the announcement details: Ownership of Erisx provides Cboe with entry to digital asset spot and derivatives market...

Price analysis 10/20: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

Bitcoin’s breakout to $67,000 also sent the total crypto market capitalization to a new all-time high and is a signal that altcoins could soon embark on a new uptrend. Bitcoin ( BTC ) surged to a new all-time high today , hitting close to $67,000. Ether ( ETH ) also broke above its immediate resistance and has started its march toward the all-time high. This pushed the total market capitalization of the crypto sector to a new all-time high above $2.64 trillion. The successful debut of the ProShares’ Bitcoin Strategy exchange-traded fund (BITO) acted as the trigger to boost sentiment in the crypto space. The ProShares’ ETF trading volume on the first day of the launch exceeded $1 billion , making it the second-most successful ETF debut based on the trading volume on day one. Daily cryptocurrency market performance. Source: Coin360 A panel of 50 fintech industry specialists, commissioned by Finder, believes that strong on-chain fundamentals, a favorable macro environment, and a...

Soldex Signs Long Term Partnership With Speqto Technologies

Soldex is thrilled to announce that it has officially partnered with Speqto Technologies to accelerate the development of it’s decentralized exchange (DEX) solution, and to build and program the A.I.-powered bots, that form part of the services offered by Soldex to the public. Speqto Technologies were selected as the vendor due to their extensive expertise in building Decentralized Exchanges (DEX) and A.I. trading bots. Soldex has confirmed that the partnership has already been finalized and that the two companies are well underway in the development process of the following features: Token Smart Contract Wallet APIs and Integrations DEX Development Staking Smart Contracts and Integrations Web Applications AI Bots implementation About Speqto Technologies Speqto Technologies Pvt Ltd. is a world-class service provider in Software technology and innovations. With over 6+ years of expertise in building safely operated and word-class Web, Mobile, CMS, CRM, ERP, Blockchain, AI...

Mt. Gox trustee announces approval of rehabilitation plan, meaning creditors could soon receive billions

Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became "final and binding." Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin. According to a Wednesday announcement from Mt. Gox trustee Nobuaki Kobayashi, roughly 99% of tcreditors affected by the collapse of the Japan-based crypto exchange approved of the draft rehabilitation plan originally filed in the Tokyo District Court in February. In addition, he reported claimants representing roughly 83% of the total amount of voting rights voted in favor of the plan. The decision follows an Oct. 8 vote from thousands of Mt. Gox users whose losses are estimated to be worth in the billions of dollars. Kobayashi said the distribution of the assets likely wouldn’t begin for at least a month, once the rehabilitation plan became “final and binding.”...

BREAKING: $2.2T asset manager PIMCO plans to buy more crypto

Institutional asset managers have been slower to embrace cryptocurrencies than retail traders, but their adoption is growing rapidly. Fixed-income manager PIMCO is planning to increase its exposure to digital currencies such as Bitcoin ( BTC ) after dabbling in the asset class through crypto-linked securities, offering the latest evidence that major institutions are starting to embrace the emerging asset class. In an interview with CNBC on Wednesday, chief investment officer Daniel Ivascyn confirmed that PIMCO already has exposure to “crypto-linked securities” through various hedge fund portfolios. He said the firm plans to gradually increase its exposure to the asset class as part of its “trend-following strategies or quant-oriented strategies.” He further explained : “This will be a gradual process where we spent a lot of time on the internal diligence side speaking to investors. And we’ll take baby steps in an area that’s rapidly growing.” Founded in 1971, PIMCO is one of ...