Bitcoin News 24/7

Posts

Showing posts from October 21, 2021

Every spectactor in a section of FTX Arena handed $500 in crypto at season opener

The international crypto exchange also gave every spectator a T-shirt linked to an exclusive Opening Night FTX Arena NFT. Major cryptocurrency exchange FTX has given $500 in crypto to every spectator sitting in one section of the FTX Arena at Thursday’s Miami Heat season opener game against the Milwaukee Bucks. As well as the crypto giveaway, every fan in the stadium received a T-shirt with a QR code giving access to an exclusive ‘Opening Night FTX Arena NFT’. Free NFT-shirt? Say no more! All @MiamiHEAT fans in attendance at tonight’s game will receive a free “You In, Miami?” t-shirt! By scanning the QR code on the back, they’ll unlock this free, limited edition FTX Arena NFT. The future is here. You in, Miami? #FTXMIA pic.twitter.com/0t3ruJbWN7 — FTX - Built By Traders, For Traders (@FTX_Official) October 21, 2021 Fans will no doubt be wondering if the free crypto giveaway will become a regular occurrence at Miami Heat games, with totally unconfirmed social media ...

17% of addresses snapped up 80% of all Ethereum NFTs since April

According to research from Moonstream the top 16.71% of all NFT hodlers on Ethereum owned 80.98% of NFTs between April 1 and Sept. 25. Open source blockchain analytics firm Moonstream published a report which found that around 17% of addresses control more than 80% of all NFTs on Ethereum. The report was published on Oct. 21 and the analysis was conducted on more than 7 million NFT transactions on the Ethereum blockchain between April 1 and Sept. 25, 2021. The report found that whales, NFT platforms and exchanges which comprise the top 16.71% of all addresses, own 80.98% of NFTs on Ethereum . The remaining 83.29% of NFT owners were only able to snap up “a handful of tokens'' during that time frame. “This latter statistic does require a little more nuance in its interpretation, however, as many of those owners are marketplaces and clearinghouses like OpenSea, Nifty Gateway, and other platforms of the same ilk,” Moonstream said. The figures seem to closely replicate the...

Too popular: Bitcoin futures ETF in danger of hitting upper limit for contracts

Unprecedented demand for the ProShares futures fund could result in longer contracts that may stray from Bitcoin prices. The ProShares Bitcoin Strategy ETF is on track to reach a limit on the number of futures contracts it’s allowed after quickly becoming a little too popular. After just a couple of days of trading, the ProShares ETF has reached 1,900 contracts sold for October and there is 2,000 front-month limit imposed by the Chicago Mercantile Exchange. There are already 1,400 contracts for November and there is an overall maximum limit of 5,000 open contracts according to Bloomberg . One solution could be to offer longer contracts, but that would carry the danger of too much distancing from BTC prices. President of the advisory firm the ETF Store, Nate Geraci, commented that the fund could start to diverge from market prices, adding: “The ETF is forced to obtain Bitcoin price exposure at higher and higher prices as it goes further out on the futures curve.” The launch of co...

Major DeFi founders back play-to-earn game that hopes to be next Flappy Bird

A new blockchain based play to earn game called Fancy Birds hopes to emulate the success of the addictive mobile phenomenon Flappy Bird. A new play-to-earn (P2E) blockchain game that hopes to emulate the addictive success of 2013 mobile phenomenon Flappy Bird has drawn backing from some of DeFi's biggest names. Kain Warwick from Synthetix, Stani Kulechov from Aave, Tyler Ward from Barnbridge, angel investor Santiago Santos (ex-ParaFi Capital) and 0xmaki from Sushi joined a pre seed round this week for the forthcoming Fancy Birds which is due to launch in around a month. Fancy Birds is a single player mobile game with 8,888 randomly generated NFT characters minted initially with custom features, that fight through levels to earn their spot as “the fanciest bird in the nest”. Successful players earn 40% of the Fancy (FNC) token supply and upgrades will see the game launch multiplayer mode, with breeding, staking and tournaments planned. The team is in discussions to launch it...

Next-Generation Cryptocurrency LTNM to List on FMFW.Io Exchange (Formerly Bitcoin.com Exchange)

PRESS RELEASE. Palo Alto, October 18, 2021 – LTNM, the next generation insured asset-backed cryptocurrency, continues to gain momentum and expand its global acceptance as it announced today it will be listed on FMFW.io Exchange (formerly known as Bitcoin.com Exchange), a top-tier cryptocurrency exchange. This represents a milestone for both parties – one where LTNM will list on one of the world’s leading exchanges, while FWFW.io will be the second crypto exchange to list it. LTNM will be available for trading with BTC and USDT pairs, and the official trading is expected to start at the end of November 2021. LTNM is an insured asset-backed cryptocurrency developed by Monsoon Blockchain Corporation on behalf of a foundation. LTNM is a greener, faster, and more secure version of Bitcoin, capable of managing massive crypto transactions while being highly efficient in terms of cost and scalability. As a revolutionary new Bitcoin blockchain-based token, LTNM focuses on efficiently servin...

FTX Raises $420 Million in Series B-1 — Crypto Exchange Commands $25 Billion Valuation

The digital currency exchange FTX Trading Limited announced the firm has raised more than $420 million in a Series B-1 fundraise. The capital raise follows the crypto exchange’s financing round at the end of July when FTX raised $900 million. After the raise was announced on October 21, FTX said the firm’s estimated valuation is around $25 billion today. Crypto Exchange Giant FTX Raises $420 Million in Series B-1 On Thursday, the crypto asset exchange FTX revealed it raised more funds in a Series B-1 financing round. The company raised $420 million from 69 different investors. According to the announcement, FTX said Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Temasek, Sequoia Capital, Sea Capital, IVP, ICONIQ Growth, Tiger Global, Ribbit Capital, and Lightspeed Venture Partners participated in the latest financing. Moreover, in addition to the $900 capital raise in July , FTX said Temasek participated in the original Series B round and pushed the ...

Ripple CEO says the SEC helped Ethereum to overtake XRP as No.2 crypto

The Ripple boss claims his company was unfairly treated which has given Ethereum the edge. Ripple chief executive Brad Garlinghouse has been airing his thoughts over the state of the crypto market and regulations, and a grudge over the financial regulator’s approach to Ethereum appears to have surfaced. Speaking at the DC Fintech Week virtual conference on Oct. 21, the Ripple boss declared that Ethereum had been granted a regulatory green light that enabled it to surpass his company’s XRP token. The U.S. Securities and Exchange Commission has been pursuing Ripple over claims that XRP is an unregistered security. In January, Ripple filed a Freedom of Information Act request with the SEC demanding to know why it didn’t consider ETH a security . Six months later in July, a district judge allowed the company to depose a former SEC official who declared in 2018 that ETH was not a security. Garlinghouse clearly feels that his firm has been hard done by and Ethereum’s subsequent success...

200 Bitcoin ATMs installed at Walmart… with plans for 8000 in total

Walmart plans to eventually install 8,000 Bitcoin ATMs in the U.S. and has installed 200 in a pilot program. Walmart has partnered with coin-cashing machine company Coinstar and crypto-cash exchange CoinMe to install 200 Bitcoin ATMs in its stores across the U.S. Although the pilot includes only 200 kiosks, the broader launch plans to eventually see the installation of 8,000 bitcoin ATMs across the country, according to Bloomberg. There has been no further details on timelines as of yet. According to Coin ATM Radar, there are currently over 25,000 bitcoin ATMs at select grocery stores and service stations in the U.S. Coinstar operates 4,400 kiosks enabled for Bitcoin purchases, across 33 states. Chief strategy officer and head of research at BitOoda Sam Doctor told Bloomberg that while Bitcoin ATMs aren’t a new development, and can already be found at many supermarkets: “Walmart expands Bitcoin access to more people, though, and gives it further legitimacy among skeptics, sh...

$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says

Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds, public and private pension funds, financial and non-financial corporations, foundations, and endowments. Pimco Getting Into Crypto Pimco’s chief investment officer, Daniel Ivascyn, told CNBC in an interview Wednesday that his company is looking to trade digital assets, noting that some of its hedge fund portfolios are already investing in crypto-linked securities. Pimco, an asset management subsidiary of Allianz Group, is a global leader in fixed income, its website details. Pimco manages $2.2 trillion in assets as of June 30. Its clients include central banks, sovereign wealth funds, public and private pension funds, financial and non-financial corporations, foundations and endowments, financial advisors, family offices, a...

Robinhood crypto wallet waitlist hits 1 million people

Robinhood CEO Vlad Tenev said crypto as an asset class is here to “stay” and revealed that over a million users have signed up to the firm’s crypto wallet waitlist. More than 1 million people are on the waitlist for Robinhood’s long-awaited crypto wallet according to CEO Vlad Tenev Speaking to Jim Cramer during CNBC’s Disruptor 50 summit on Oct. 21, Tenev stated that was very “proud” of Robinhood's progress in crypto, as he highlighted the firm’s recent push to provide a crypto wallet for its users: “A lot of people have been asking us for the ability to send and receive cryptocurrencies, transfer them to hardware wallets, transfer them onto the platform to consolidate. And you know, the crypto wallets waitlist is well over a million people now, which is very exciting.” “We see an opportunity to continue growing that business,” he added. Robinhood users have long urged the company to develop a crypto wallet as the platform currently does not support deposits or withdrawals, ...

Tesla Hodls Bitcoin in Q3, Elon Musk Tweets BTC at $69K Meme

Tesla is currently holding bitcoin worth $1.26 billion on its balance sheet, the company’s third-quarter earnings report shows. The electric car company reported a bitcoin-related impairment of $51 million in the quarter. Meanwhile, CEO Elon Musk tweeted a meme showing the price of bitcoin at $69K and ether at $4.2K. Tesla Continues to Hold Bitcoin on Balance Sheet Elon Musk’s electric car company, Tesla (Nasdaq: TSLA), released its third-quarter earnings report Wednesday. The company posted $13.757 billion in revenue, a 57% increase from the same period last year. It wrote: “The third quarter of 2021 was a record quarter in many respects. We achieved our best-ever net income, operating profit and gross profit.” Tesla’s balance sheet shows net digital assets of $1.26 billion as of Sept. 30, down from $1.311 billion at the end of the second quarter. Tesla reported a bitcoin-related impairment of $51 million in Q3. Tesla’s cash flow statement still shows that the only BTC purchase...

Shanghai Man: Blockchain Week with Vitalik still happening, ‘Bitcoin’ searches on WeChat hit 26M in a day

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. In this 30th edition of the Shanghai Man column, we preview the Wanxiang Shanghai Blockchain Week, an offline event that normally is the biggest blockchain conference on the Chinese calendar. Next week, despite all the regulatory crackdowns, the event is still planning to go ahead, albeit with a one-month delay from its usual place in mid-September. The flagship event Historically, Wanxiang Blockchain Week has attracted huge crowds of industry participants including traders, investors, developers, financial institutions, and traditional companies. The three-day event is usually supplemented with a busy schedule of side events, focusing on areas like DeFi or network-specific meetups. Last year, following the COVID-19 lockdowns, the event was much more ...

Bulls fight to keep Ethereum price above $4K ahead of Friday’s $435M options expiry

ETH price failed to overcome its previous all-time high, but derivatives data signals that bulls will try their best to keep the price above $4,000 for the short-term. Ether ( ETH ) flirted with its $4,380 all-time high on Oct. 21 but failed to breach it by a few dollars. Some analysts, including independent market analyst Scott Melker, believe that an exchange-traded fund (ETF) approval is the next logical step for the U.S. Securities and Exchange Commission (SEC). My bet is we will see an Ethereum Futures ETF before we see a physical Bitcoin ETF. — The Wolf Of All Streets (@scottmelker) October 20, 2021 However disappointed Ether bulls might be, they are likely to score a $78 million profit on Oct. 22's options expiry. Bears were apparently caught off-guard as Ether accumulated a 35% gain month-to-date. Ether price at Bitstamp in USD. Source: TradingView Investor sentiment was also positively impacted by the pension fund for firefighters in Houston, which announced a ...

US Public Pension Fund for Firefighters Adds Bitcoin and Ether Worth $25 Million to Portfolio

The $5.5 billion pension fund for the U.S. city of Houston’s firefighters has announced an investment in bitcoin and ether. “This investment marks the first announced investment in digital assets by a public pension plan in the U.S.” ‘A Watershed Moment for Bitcoin and Its Place in Public Pensions’ The Houston Firefighters’ Relief and Retirement Fund (HFRRF), the pension fund for the city of Houston’s firefighters, announced Thursday that it had purchased bitcoin and ether for the defined benefit plan’s portfolio. The announcement describes: This investment marks the first announced investment in digital assets by a public pension plan in the U.S. According to Bloomberg, the Houston Firefighters’ Relief and Retirement Fund has $5.5 billion in assets and it invested $25 million in bitcoin and ether. The investment was facilitated by the New York Digital Investment Group (NYDIG), a bitcoin investment arm of Stone Ridge Asset Management. The HFRRF pension fund handles retirement b...

Associated Press plans to launch Chainlink node to publish data

The news agency added it would be open to shifting its approach based on the response from developers as it kept "a finger on the pulse of the blockchain economy." The Associated Press news agency announced it would be launching its own Chainlink oracle node to ensure any data from its U.S. newspaper and broadcaster members would be cryptographically verified. In an Oct. 21 announcement, the Associated Press, or AP, said smart contract developers would have access to the agency’s “economic, sports, and race call data” once the node was operational. According to the AP, it will be publishing data on-chain for developers to access and reference in any relevant applications, in addition to providing information on upcoming elections and serving artists working with nonfungible tokens. “Chainlink technology is the ideal way to provide smart contract developers anywhere in the world with direct, on-demand access to AP’s trusted economic, sports, and race call data” said AP di...

Early meeting of E-Gold founders may hold clue to Satoshi Nakamoto’s identity — Peter Thiel

Did Satoshi Nakamoto work on E-Gold? If so, Peter Thiel thinks he has a way to narrow down the identity of Bitcoin’s creator. PayPal co-founder and billionaire venture capitalist Peter Thiel believes he may hold a clue on how to find Satoshi Nakamoto , Bitcoin’s ( BTC ) pseudonymous creator who disappeared two years after mining the cryptocurrency’s genesis block in January 2009. His theory stems from an early meeting of E-Gold founders in February 2000, where roughly 200 people coalesced around a beach in Anguilla to devise a strategy for promoting a new currency system that could challenge central banks. E-Gold was a digital gold currency that folded in 2007 after its founders were indicted by the United States Justice Department. “I met them on the beach in Anguilla in February of 2000,” Thiel told a cryptocurrency conference in Miami on Wednesday, referring to the E-Gold founders. “My sort of theory on Satoshi’s identity was that Satoshi was on that beach in Anguilla.” He...

Carbon Credit Token MCO2 Is Now Listed on Gemini – Learn About the Green Asset Set to Save the Planet

MCO2 is a carbon credit token traded by Moss.Earth. One MCO2 token is equivalent to one carbon credit. It is now possible to find this asset available on the largest exchanges on the planet, such as Gemini . The token goes through several processes to guarantee the security and reliability of the product. MCO2 Is the First Carbon Credit Based Token on Gemini The MCO2 token is an asset that makes the carbon credit market more democratic, secure, dynamic, and liquid. Carbon credits are no longer just an extra expense for companies that pollute, they are an asset that can be sold globally on international exchanges. By using blockchain and digital wallets, Moss.Earth have increased transparency in transactions and enhanced security in trading these assets. There are clear trends that strongly support market growth coupled with the entry of individuals and civil society organizations into the financial market. You can now buy and trade MCO2 on Gemini here . How Can I Contribute to th...

Rap Star Snoop Dogg Teams up With the Harlem Globetrotters in an NFT Sitcom

On October 20, the iconic rap star Snoop Dogg announced he’s participating in a non-fungible token (NFT) sitcom with the popular basketball team the Harlem Globetrotters. According to the announcement, the NFT drop is part of a campaign featuring a limited edition Snoop Dogg and Globetrotters NFT collection. NFT Whale Snoop Dogg Partners With the Harlem Globetrotters It’s well known that the musician and American rapper Snoop Dogg is a fan of cryptocurrencies and non-fungible token (NFT) assets. In recent times, the crypto community discovered that Snoop was a crypto whale with a large collection of NFTs in his portfolio. This was after the hip-hop star said bitcoin was “here to stay” and lauded the innovations behind non-fungible token technology. Snoop also partnered with Crypto.com when it launched its NFT marketplace and recently the rapper partnered with the NFT blockchain virtual world The Sandbox. On Wednesday evening (EDT), the rapper revealed that he partnered with the...

Traders brace for a drop to $58K if Bitcoin price loses the $62K support

After a 100%+ move to a new all-time high, profit taking kicks in and Bitcoin traders brace for a possible retest of the $58,000 to $62,000 zone. Whipsaw price action has returned to the cryptocurrency market after Bitcoin’s ( BTC ) price lost steam at $67,100 and retracted to the $62,000 level. An early morning 87% flash crash in the price of BTC at Binance US saw the price briefly touch $10,000 and it may have set the market on edge, but generally, it appears to have been an isolated event. Data from Cointelegraph Markets Pro and TradingView show that bears have briefly taken control of the market with the price now fluctuating between $62,000 to $63,500. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what traders and analysts are saying about the recent price action for Bitcoin and what could be next for the top-ranked digital asset. $66,000 needs to become support The rapid climb in Bitcoin over the past three weeks pushed the price back to ...

Treasury official acknowledges most crypto transactions are 'legitimate' but still anticipates additional sanctions

“The vast majority of digital assets are being used for legitimate purposes, but for those that are primarily in the business of furthering criminal enterprises, we plan to use our tools to go after them,” said Wally Adeyemo. Wally Adeyemo, the Deputy Secretary of the United States Department of the Treasury, said the department would likely be enforcing more sanctions on companies involved in illicit transactions related to ransomware payments. Speaking at an online event hosted by the Center for a New American Security with former Treasury Secretary Jack Lew and Ambassador Paula Dobriansky, Adeyemo said the U.S. government would likely be dipping into its toolbox by employing sanctions when criminals threaten national security interests. He specifically mentioned “crypto exchanges or mixers that are fundamentally in the business of furthering cybercriminals” as possible targets. “Our view is that the vast majority of digital assets are being used for legitimate purposes, but for...