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Showing posts from October 27, 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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Nifty News: Wolf snaps up Punk, Disney NFTs, Economist mag cover fetches $422K...

The real-life Wolf of Wall Street Jordan Belfort has vowed that he is “not leaving” NFTs, The Economist raised $422,000 for charity via NFT auction, and the WWE is dropping NFTs. The wolf of nonfungible streets Erstwhile crypto skeptic Jordan Belfort has bravely outed himself as an NFT proponent amid the booming growth of the sector in 2021. Belfort is known for his dodgy antics while working as a stockbroker on Wall Street, with his story being captured in “The Wolf of Wall Street” film starring Leonardo DiCaprio. The 59-year-old has slammed crypto on multiple occasions, and in 2018 he even compared Bitcoin to the level of fraud that his firm Stratton Oakmont used to engage in before he was indicted for securities fraud and money laundering in 1999. On Oct. 25, Belfort revealed to his 600,000 followers that he purchased CryptoPunk #6033, depicting a male wearing a durag and smoking a vaporizer pen. According to the transaction history on OpenSea, Belfort spent 102.49 Ethereum ...
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US gov attorneys to target individuals and gatekeepers for crypto prosecutions

Major regulatory agencies plan to work harder to prosecute individuals and companies that have had dodgy dealings with digital assets. A group of high-level U.S. government attorneys has oulined their priorities for the enforcement and prosecution of individuals and companies that have committed crypto-related crimes. Enforcement officials from the U.S. Department of Justice (DoJ), Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC) spoke about the direction their agencies will take at a panel discussion at the American Bar Association's annual institute on white-collar crime in Miami on Oct. 27. In addition to corporate players, lawmakers are taking a closer look at individuals according to a report of the event by Law360 . Principal deputy assistant attorney general of the DoJ's Criminal Division, Nicholas McQuaid, stated the prosecution of individuals in white-collar cases was a top priority. He added that the department was expandi...
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Indian Crypto Regulation Is Planned for February: Report

The Indian government is reportedly planning to introduce cryptocurrency regulation by the time of the next general Budget, which is in February next year. Instead of banning cryptocurrencies, like bitcoin, the government is likely to regulate crypto assets as commodities, according to reports. Indian Crypto Law Could Comes as Early as February The Indian government is planning to introduce cryptocurrency regulation in February next year, local news outlet Business Today reported, elaborating: Finance Ministry officials have told Business Today Television that a law for cryptocurrencies would most likely come around by the time of the next general Budget. The Budget 2022-23 is expected to be presented on Feb. 1 during the first half of the parliament’s Budget session, which usually begins in the last week of January. Furthermore, the government is likely to regulate cryptocurrencies as an asset class, similar to how commodities are regulated, with appropriate taxation on trans...
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SEC reportedly knocks back Valkyrie's leveraged Bitcoin ETF

The SEC does not appear to have the appetite for more exotic Bitcoin futures products. Reports are emerging that the U.S. Securities and Exchange Commission has rejected one, or possibly two, recent Bitcoin exchange-traded fund applications signaling that the regulator is not quite ready for more exotic futures products just yet. Just a day or so after Valkyrie filed for a leveraged Bitcoin futures ETF and Direxion applied for an inverse fund for bears , the SEC appears to have vetoed them both. On Oct. 28, Bloomberg’s senior ETF analyst Eric Balchunas referred to a Dow Jones alert indicating the Valkyrie leveraged fund had been shelved by the SEC. He added that the move was likely also to apply to the inverse fund application. Looks like the SEC not having it w the levered (and likely inverse) Bitcoin futures ETFs. Can’t hurt to try tho. Had they gone through likely billion dollar trading vehicles in a few yrs. via Dow Jones pic.twitter.com/MspMRf3hL9 — Eric Balchunas (@EricBal...
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International Operation Dark Huntor Seizes $31.6 Million in Cash and Cryptocurrencies, 150 Arrested

Operation Dark Huntor, a coordinated international effort on three continents to disrupt opioid trafficking on the darknet, has led to the arrests of 150 people. According to the Federal Bureau of Investigation (FBI), the operation has also resulted in the seizure of over $31.6 million in cash and cryptocurrencies. Operation Dark Huntor: 150 Arrests, Crypto and Cash Seized The U.S. Department of Justice (DOJ) announced Tuesday that “Operation Dark Huntor” has resulted in 150 arrests worldwide. In addition, over $31.6 million in cash and cryptocurrencies were seized. The DOJ described Operation Dark Huntor as “a coordinated international effort on three continents to disrupt opioid trafficking on the darknet.” It was conducted across the U.S., Australia, and Europe in partnership between the Joint Criminal Opioid and Darknet Enforcement (JCODE) and foreign law enforcement “against the illegal sale of drugs and other illicit goods and services.” Coordination efforts were led by Euro...
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El Salvador buys a smokin' hot 420 more Bitcoin

The recent purchase brings the Latin American nation’s stash to about 1,120BTC. The President of El Salvador, Nayib Bukele tweeted earlier today that his government has taken advantage of the recent Bitcoin price drop and added 420 additional BTC to the nation’s stash. “It was a long wait, but worth it,” he tweeted , “We just bought the dip!” Shortly after he tweeted : “We’re already making a profit off the #Bitcoin we just bought.” During the time between the tweets, the value of the country's Bitcoin grew by around 0.4% or $100K. How do we make a profit if 1 #BTC = 1 #BTC ? We have a trust fund accounted in USD, but the trust is funded by both USD and BTC. When the BTC part revalues in comparison to the accounting currency (USD), we are able to withdraw some USD and leave the trust with the same total. — Nayib Bukele (@nayibbukele) October 27, 2021 Many onlookers online have speculated on the significance of El Salvador purchasing 420 Bitcoin specifically, which is ...
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Someone bought $3,400 worth of SHIB last August. It’s now worth $1.55 billion

A SHIB hodler who spent $3,400 on the memecoin last August is now a crypto billionaire from that purchase alone, with the asset gaining 94278239.8%% over the past year. An address with the foresight to purchase $3,400 worth of Shiba Inu (SHIB) last August has seen the value of the coins grow to a whopping $1.55 billion today. In total the unknown person has bought SHIB 44 times since August 2020 — with $3200 the largest purchase at any one time — and their total holding of 70,200,003,107,594 SHIB is now worth $5.63 billion. After the wallet address was shared on Twitter, user “Untraceable” questioned whether the SHIB market was liquid enough to “absorb $5.7 billion if this wallet sells?” According to Etherscan, the anonymous SHIB hodler purchased the dog-themed token on nine occasions in August 2020, spending a total of $3,400 worth of Wrapped Ethereum (WETH) that month. As the price of SHIB has since gained more than 94,278,239.8%% over the past year to sit at $0.00008094 at ...
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Here’s why analysts say Bitcoin ETFs may ‘completely change the structure of the market’

Analysts still hold a bullish longterm view of Bitcoin price, but they also agree that the newly launched BTC ETFs are a game-changer. After reaching new all-time highs it's customary for Bitcoin ( BTC ) price see a bit of cooling off in the form of profit taking, consolidation and uncertainty from traders who are cautious about opening new positions at record highs. This appears to be exactly what is occuring this week as Bitcoin price struggles to hold the $60,000 level as support. BTC/USDT 4-hour chart. Source: TradingView Generally, most analysts still retain a bullish macro view of Bitcoin's price trajectory, to the extent that PlanB, Willy Woo and others claim that the second-half of the bull market was certified by the price hitting $67,000 last week.  Here’s what analysts have to say about what may come next for the price of Bitcoin, along with some insights into the greater market dynamics that are currently at play. Bitcoin ETFs have “completely changed the s...
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Federal Reserve, FDIC, OCC Discuss Allowing Banks to Hold Crypto on Balance Sheets

A group of U.S. banking regulators is working on how banks can be allowed to offer crypto services and hold cryptocurrencies on their balance sheets. The chairman of the Federal Deposit Insurance Corporation (FDIC) said, “If we don’t bring this activity inside the banks, it is going to develop outside of the banks … The federal regulators won’t be able to regulate it.” US Regulators to Set Clear Rules for Banks to Deal With Crypto Jelena McWilliams, the chairman of the Federal Deposit Insurance Corporation (FDIC), told Reuters in an interview at a fintech conference Monday that a team of U.S. bank regulators is working on providing a roadmap for banks to engage with crypto assets. The team comprises the FDIC, the Federal Reserve, and the Office of the Comptroller of the Currency (OCC). Federal Reserve Vice Chair of Supervision Randal Quarles revealed the collaboration between the three U.S. regulators in May. McWilliams said on a conference panel: My goal in this interagency gr...
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Litecoin transactions near an all-time high after gaining ground in consumer finance

It's become easier to use Litecoin for everyday payments thanks to several recent partnerships. The number of Litecoin ( LTC ) transactions has rebounded to over 140,000 in recent days after falling close to the 100,000 mark in early October. Three days prior, the Litecoin Foundation tweeted about the launch of its LTC Visa Debit card, powered by fintech firm Unbanked.  According to the card's homepage, potential customers would first register for a Litecoin Card account, deposit LTC into a specific wallet address, pass a know-your-customer check, and receive a virtual Litecoin Card. The service claims that the sign-up process takes less than five minutes. The Litecoin card is meant to enable users to spend their LTC at all digital merchants that use Visa as their payment processor — a number the Litecoin Foundation estimates to be around 50 million. The day after, the Litecoin Foundation issued another tweet about Verifone's partnership with BitPay. Verifone is on...
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Friday’s jaw-breaking $3.2B Bitcoin options expiry could kick-start a new rally

Bitcoin bulls could be in for a $715 million profit if BTC price is above $60,000 ahead of Friday’s $3.2 billion options expiry. Bitcoin ( BTC ) has been trading in a descending channel pattern since its $67,000 all-time high on Oct. 20, which was just one day after ProShares’ Bitcoin Strategy ETF (BITO) debuted at Nasdaq . However, bulls have a sufficient number of incentives to peg Bitcoin's price above $60,000 on Oct. 29 when the $3.2 billion monthly options expiry settles. Bitcoin price in USD at Coinbase. Source: TradingView Currently, investors are displaying mixed feelings about the exchange-traded fund’s approval, even though it reached $1 billion in assets under management in 48 hours. Either market expectations for these funds were insanely high, or the 42% gain in October until Oct. 19 was previously priced into the event. The regulatory uncertainty in the United States is also a decisive factor in keeping some large institutional investors from entering the sect...
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Adobe Jumps Into Non-Fungible Token Ecosystem With ‘Prepare as NFT’ Photoshop Tool

Adobe Inc., the American multinational computer software company that’s well known for its platforms like Photoshop and Illustrator, has jumped into the non-fungible token (NFT) universe. According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, “NFTs will change creativity.” New Adobe Photoshop Tool Will Assist NFT Creators in ‘Packaging and Preparing, Along With the Attribution Capabilities’ The software company Adobe has launched a Photoshop tool that allows creators to pre-construct the images for non-fungible token (NFT) applications. On October 26, Scott Belsky, Adobe’s chief product officer, spoke in an interview with The Verge’s Nilay Patel about the firm’s deep dive into the world of NFTs. The new Adobe Photoshop tool will allow users to add specific credentials so popular markets such as Opensea can read the metadata. During the interview with Patel, Belsky said he was bullish about the NFT industry. Belsky disclosed that the ‘prepare a...
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Infrastructure platform Quicknode raises $35M in Series A financing

Miami continues to emerge as a hub for Blockchain-based services and technology. Quicknode, a Miami based blockchain infrastructure platform, announced the completion of a $35 million Series A round of financing on Wednesday, led by Venture Capital firm Tiger Global. Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam and Anthony Pompliano also participated in the round. This follows a $5.3 million seed round back in March, and brings the total investment in the company to just north of $45 Million.  Quicknode was founded by Dmitry Shklovsky, Manuel Kreutz, Auston Bunsen and Alexander Nabutovsky and graduated from Y Combinator in March of 2021. The platform currently supports ten blockchains, including ethereum, bitcoin and solana with more being added monthly. Reddit co-founder Alex Ohanian who invested in the round through his fund, said in a press release: “We're excited to be a firsthand witness to QuickNode's rapid growth, enabling more individuals and busi...
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PlanetWatch Announces Listing of PLANETS Token on Bitmart

PRESS RELEASE. PlanetWatch, a French start-up which decentralizes and incentivizes environmental monitoring, announced that its utility token, PLANETS, will be listed on Oct. 22 on Bitmart. Claudio Parrinello, PlanetWatch’s CEO said: “PlanetWatch is experiencing explosive growth. With over 6,000 sensors already deployed worldwide, we are happy to see PLANETS becoming available worldwide via multiple exchanges.” PlanetWatch is revolutionizing the way people measure air quality and other environmental parameters by leveraging the Algorand Blockchain, IoT-enabled sensors and AI-based data analysis. Dense sensor networks can be activated in any city quickly and cost-effectively by incentivizing local residents to deploy and operate approved sensors and earn token rewards for data streams. PlanetWatch is gaining traction amongst consumers as well as in the corporate world. Following the successful completion of a seed funding round of about 1 million euros back in July, the company is ...
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Voyager Digital will be crypto brokerage partner for Dallas Mavericks

Under owner Mark Cuban, the basketball franchise was one of the first in the NBA to accept crypto payments for tickets and merchandise. Crypto trading platform Voyager Digital has inked a deal with the Dallas Mavericks basketball team aiming to make crypto more accessible through fan engagement and other educational programs. In an Oct. 27 announcement, Voyager Digital said it would become the Mavs first cryptocurrency brokerage and international partner in a five-year deal. The trading platform will also have naming rights over the franchise’s Mavs Gaming Hub in Dallas, a venue for the Mavs NBA 2K League team. "This partnership gives us the opportunity to educate people all over the world on ways to use crypto in their everyday lives,” said Voyager Digital co-founder and CEO Steve Ehrlich. “We want to help people learn alternate ways to grow their wealth to achieve true financial freedom and build intergenerational wealth through crypto. We found a great partner to do this w...
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Price analysis 10/27: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA

Bitcoin and Ether may witness a deeper pullback over the coming days and this move could shake weaker hands out of altcoins and other high risk positions. Bitcoin ( BTC ) has broken back below the psychological support at $60,000. While this seems to be negative in the short term, the price action has continued to mirror its movement in 2017 . If the similarity continues for the remainder of the year, Bitcoin bulls may be in for a party. PlanB, creator of the popular Bitcoin Stock-to-Flow (S2F) model, recently proclaimed in a tweet that the second leg of Bitcoin’s bull market has begun. If Bitcoin’s price action continues to follow the S2F model, the analyst believes a rally to $100,000 to $135,000 may be possible by the end of the year. Daily cryptocurrency market performance. Source: Coin360 Although Bitcoin garners the lion’s share of attention, cryptocurrency exchange Okcoin said in a recent report that institutional investors’ appetite for non-Bitcoin crypto assets has be...
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Mask Network, 1inch and Shiba Inu ignore Bitcoin’s downtrend, posting 20% gains

1INCH, SHIB and MASK go against the grain by posting double-digit gains while BTC price fell to $58,000. The cryptocurrency market is back on the rocks on Oct. 27 as many of the top assets find themselves in the red on the day after Bitcoin ( BTC ) price dropped to $58,000 in the early trading session. Despite the wider struggles of the market, several altcoins have managed to post gains in excess of 22% as major protocol integrations and exchange listings have helped to buffer them against the wider market downturn. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24hours were 1inch (1INCH), Shiba Inu (SHIB) and Mask Network (MASK). 1inch integrates with Exodus wallet 1Inch is a distributed network and decentralized exchange (DEX) aggregator that connects decentralized protocols across multiple blockchain networks, including Ethereum ( ET...
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Binance Smart Chain surpasses 1.5 billion lifetime transactions

The world's third-largest cryptocurrency continues to gain traction across the globe. Binance, the world's largest cryptocurrency exchange by volume, tweeted on Oct. 26 that the cumulative number of transactions on its Binance Smart Chain ( BNB ) has surpassed 1.5 billion. The network achieved this milestone a mere 14 months after its launch on Aug. 31, 2020.  According to BscScan, the daily number of transactions on the blockchain recently surged to over 10 million — just shy of its all-time record high of 13 million back on July 29. There also appear to be more than 108 million unique wallet addresses on BSC’s blockchain,  compared to about 650,000 at the beginning of the year. In recent months, the BSC network has become a viable Ethereum competitor in terms of both cost and efficiency. Based on data from YCharts.com, average gas prices and block times on the Ethereum network amount to $131.87 and 13.33 seconds, respectively. Meanwhile, it takes only 3.02 seconds t...
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Video Game Retail Giant Gamestop Seeks a Senior Engineer for Blockchain NFT Platform

The American video game, consumer electronics, and gaming merchandise retailer, Gamestop, is seeking a non-fungible token (NFT)-focused senior software engineer, according to a new job listing. Similar to the recent job listing stemming from the social media services company Reddit, the retail giant Gamestop seems to be building an NFT marketplace. Gamestop Looks to Hire Engineer to Join Company’s NFT/Blockchain Team On October 25, the corporate entity Gamestop, a retail chain of video game merchandise and consumer electronics, published a job listing seeking a senior software engineer for a possible NFT platform. The candidate, if hired, will join Gamestop’s “NFT/Blockchain team.” “Gamestop is looking for a Sr. Software Engineer to join our NFT/Blockchain team,” the company’s job listing notes. “This role will be remote and will collaborate with a team of engineers, product managers, designers, and business partners distributed across the U.S. In this role, you will help design, ...
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Cosmos-based DEX Osmosis raises $21M in from a consortium of investors

Osmosis joins investment firm Paradigm’s other DeFi portfolio members such as Maker, Synthetic, Uniswap, Optimism, FTX, Coinbase, and BlockFi. Osmosis, a decentralized exchange, or DEX, on the Cosmos blockchain, raised $21 million dollars in a token sale led by VC fund Paradigm along with a consortium of investors including Robot Ventures, Nascent, Ethereal, and Figment. Osmosis allows developers to build customized Automated Market Makers, or AMMs, with sovereign liquidity pools. The DEX uses a native token called OSMO for governance and staking, and currently contains a total of $544 Million. The project alleges to provide superfluid staking and instant block confirmation. Superfluid staking lets liquidity holders stake their LP tokens to earn pro rata staking rewards in OSMO. This gives token holders the ability to compound staking and liquidity yields while keeping the network secure. Instant block confirmations create Miner-Extractable-Value, or MEV resistance, which keeps tr...
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Shiba Inu fetches a new ATH — 3 reasons why SHIB keeps jumping higher

SHIB keeps hitting new all-time highs, but what's really behind the altcoin's moon mission? Meme coins burst onto the scene in early 2021 and helped kickstart the bull market after Dogecoin ( DOGE ) rallied above $0.01 to new highs while being shilled by the likes of Elon Musk and Mark Cuban. Shortly afterwards, Dogecoin clones and other canine-themed tokens popped up to catch the wave of bullish momentum and Shiba Inu (SHIB) was one of the projects that quickly caught wind and sailed higher.  Now that Bitcoin has hit a new all-time high again, it appears that the meme tokens are ready to continue their run and this time they're not waiting for the big-name influencers to get on board. In the last two weeks, SHIB has rocketed to new highs and befuddled cryptocurrency traders are scratching their heads as to what the exact cause is. Data from Cointelegraph Markets Pro and TradingView shows that since trading at a low of $0.0000069 on Oct. 1, the price of SHIB has scor...
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