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Showing posts from October 24, 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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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 to NFT technology has a different focus than the firm’s community points system. “If there is one thing we’ve...
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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. Nonfungible token (NFT) investors have poured $7 million into a dutch auction that sold 50 tokens conferring ownership over digital artworks that will not be minted until December. Tyler Hobbs, the artist behind the popular NFT series Fidenza , will launch 100 one-a-kind digital artworks in his latest collection Incomplete Control at the New York City-based Bright Moments gallery from Dec. 9 to Dec. 13. On Oct. 22, Hobbs’ fans contributed 1,800 ETH (worth more than $7 million) in exchange for 50 of 100 “Golden Tokens” that grant its holder ownership rights to one of the artworks slated to be minted during the event. Each of the tokens features a number between one and 50 that corresponds to a specific artwork from the collection. The Golden Tokens were sold via a dutch auction hosted by Mirror Protocol that lasted just 90 minutes. The tok...
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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 the lead investors in the LABEL Foundation, we are first a...
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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. Shiba Inu (SHIB), the recently surging Dogecoin-inspired ERC-20, suffered a 20% retracement in two hours as Tesla founder and hypothetical Doge CEO Elon Musk announced to Twitter that he doesn't hold any Shiba Inu tokens. The retracement came after SHIB surged past its previous all-time high to tag a local top of $0.000044 on Oct. 24 following a more than 500% rally since the start of October. Amid the token’s bullish price action, Twitter user “ShibaInuHodler” asked Musk how much Shib he was holding, to which Musk responded: “None.” Hey @elonmusk How Much $Shib You Are Holding!! — Shiba Inu (@ShibaInuHodler) October 24, 2021 While SHIB sellers had already stepped in to take profits at the token’s local all-time high, SHIB would quickly lose a further 10% to trade for $0.000035 within roughly half an hour of Musk’s reply. SHIB has since oscillat...
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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 CBDC will be available to everyone. The CBN to Promptly Address Challenges Encountered...
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CFTC reportedly investigating decentralized prediction platform Polymarket

Polymarket is believed to have hired CTFC enforcement head James McDonald to handle the probe. New York-based decentralized prediction market Polymarket has come under investigations from the United States Commodity Futures Trading Commission (CFTC). According to an Oct. 23 report from Bloomberg citing anonymous sources, the CFTC is investigating whether Polymarket is allowing its customers to trade binary options and swaps that should be registered with the financial regulator. The CFTC is yet to confirm whether it is investigating Polymarket. A spokesperson for the platform stated: “Polymarket is firmly committed to complying with applicable laws and regulations and to providing information to regulators that will assist them with any inquiry.” The report claims that the company has engaged the former director of the CFTC’s enforcement division and current partner at legal firm Sullivan & Cromwell, James McDonald , to address the probe. Polymarket hosts a variety of novelt...
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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 concerns that the problem could be worse than what policymakers led on. Federal Reserve Chairman Jerome Powell acknowledged Friday tha...
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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. Dogecoin co-creator Billy Markus chimed in and responded to Musk’s Doge improvement tweet. He stressed that in his opinion, “...
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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? Bitcoin ( BTC ) has a long history of forming local tops when events that are anticipated by the market occur. The recent Bitcoin exchange-traded fund (ETF) launch on Oct. 19 was no different and led to a 53% monthly rally to an all-time high at $67,000. Now that the price has briefly fallen below $60,000, investors are attempting to understand if the 10% correction was a healthy short-term profit taking or the end of the bull run. To determine this, traders need to analyze BTC's previous price activity to evaluate the possible similarities. Bitcoin price in USD. Source: TradingView The chart above depicts the day of a New York Times headline announcing that " Bitcoin gets cautious nod from China's central bank " in November 2013. At the time, Yi Gang, the deputy governor of the People's Bank of China (POBC), said that people could free...
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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 questions Adebajo, and below are his responses. Bitcoin.com News (BCN): Can you explain in brief what this bl...
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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. Ealier this year THORChain underwent a series of protocol exploits which led to $8 million being drained from its reserves and these successive attack took a heavy tool on RUNE price. This week, the protocol announced that it would re-open its Ethereum pool, along with other altcoin and BTC-based pools and the announcement appears to be having a positive impact on RUNE price. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $2.95 on July 20, the price of RUNE has increased 283% to a$11.64 and there is also a noticable uptick in trading volume. RUNE/USDT 1-day chart. Source: TradingView Two reasons behind the recovery and building strength seen in RUNE include the relaunching of trading capabilities on all five supported blockchains including the Ethereum ( ETH ) network and the upcoming launch of multiple new projects on the TH...
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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 is just a big evolution of physical reality, augmented reality and virtual reality all combined into one creation....
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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. Bitcoin ( BTC ) continues to face strong selling as bulls attempt to flip the psychological level at $60,000 into support. Some analysts believe that Bitcoin could enter a correction as traders book profits following the successful launch of last week's Bitcoin exchange-traded funds. In the past, the launch of the Bitcoin Futures product by the Chicago Mercantile Exchange on Dec. 18, 2017, ended a strong bull run and marked the start of a multi-year bear market. A similar crash of a lesser magnitude was seen after the Coinbase IPO (COIN) on April 4, 2021. This suggests that the old adage “buy the rumor, sell the news” could be at risk of repeating once again. Crypto market data daily view. Source: Coin360 However, several analysts are unperturbed by the pullback . Crypto market intelligence firm Decentrader said t...
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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 steadily recovering from the bitcoin mining crackdown in China and the mass migration that followed. The hashrate and bitcoin’s spot price was much lower three months ago, as the network’s processin...
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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. In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. Lately, news headlines are focused on regulators’ concerns over the lack of investor protections in the cryptocurrency market, which has ballooned to more than $2 trillion, and the possible risks to financial stability. National security agencies across the administration of United States President Joe Biden are grappling with high-profile cases of cryptocurrencies playing a role in ransomware attacks, intellectual property espionage, sanctions violations, bribery of government officials and tax evasion.  According to a recent report issued by the Financial Crimes Enfor...
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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. In a calendar year, the total crypto market capitalization more than quadrupled from $361 billion to more than $1 trillion in January — reaching an all-time high of around $2.6 trillion in May . Just weeks later, more than $800 million was wiped off of the total crypto market cap, representing a decrease of over 33%. Volatility of this magnitude in the crypto markets is nothing new, especially for those battle-tested by market cycles of years past. However, research indicates that the global number of blockchain wallet users increased by more than 25 million since March 2020, meaning this is just the first roller coaster ride for 25 million new entrants. For newcomers, volatility can be downright terrifying — but it doesn’t have to be. With well-researched positions and a long-term outlook, volatility can instead serve as an opportunity to g...
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