We cover the crazy world of blockchain and cryptocurrencies and bring you the latest updates from 23/11/2021 to help you stay informed of the insane things that are shaping the future of finance and business around the world. Musical NFT marketplace Royal raises $55 million in Series A funding Royal, the popular on-chain music platform, …
Continue reading “DAY LONG NEWS ROUNDUP: LATEST NEWS 23/11/21”
Binance, the world’s largest cryptocurrency exchange, is reportedly in talks with sovereign global wealth funds to sell them a stake in the company. In addition to planned “mega funding” for its United States-based business, Binance.US, Binance is now also seeking global funding to improve relationships with regulators, Binance CEO Changpeng Zhao said in a Tuesday …
Continue reading “Binance reportedly wants global wealth funds to get a stake in exchange”
Australian Senator Jane Hume says we need to acknowledge that cryptocurrency is not a fad, adding that there are huge opportunities in decentralized finance (defi). “We should tread cautiously, but not fearfully,” she said, emphasizing that “Australia mustn’t be left behind by fear of the unknown.” Australian Senator Says Crypto Is Not Going Away, Sees …
California-based music streaming platform Audius released a new function that allows artists and fans to embed nonfungible tokens (NFT) on various blogs and social media platforms such as Twitter and Discord. The “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations. To enable the feature, artists need to …
Continue reading “Twitter, Discord to support Solana NFT gallery ‘embed’ with Audius Web 3.0”
Niantic, the developer of the popular augmented reality (AR) mobile game Pokemon Go, is planning to build a “real-world” metaverse with newly raised funding. The company officially announced Monday the completion of a $300-million raise from the technology-focused investment manager Coatue, bringing the company’s valuation to $9 billion. Coatue is known as a major investor …
Continue reading “Valued at $9B, Pokemon Go creator to build metaverse with fresh funding”
Binance, the world’s largest cryptocurrency exchange, is reportedly in talks with sovereign global wealth funds to sell them a stake in the company. In addition to planned “mega funding” for its United States-based business, Binance.US, Binance is now also seeking global funding to improve relationships with regulators, Binance CEO Changpeng Zhao said in a Tuesday …
Continue reading “Binance reportedly wants global wealth funds to get a stake in exchange”
Bitcoin (BTC) showed no sign of tackling $60,000 resistance on Nov. 23 as the specter of defunct exchange Mt. Gox returned to haunt price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Mt. Gox makes waves with payouts yet to come Data from Cointelegraph Markets Pro and TradingView showed BTC/USD again reversing progress, which had produced a …
Continue reading “Bitcoin whales plan to buy BTC higher as fresh Mt. Gox payouts add to market fear”
Ethereum reacted to the downside and retested $4,050 against the US Dollar. ETH must recover above $4,250 and $4,300 to start a steady recovery wave. Ethereum started a fresh decline from the $4,350 resistance zone. The price is now trading below $4,250 and the 100 hourly simple moving average. There is a key bearish trend …
Continue reading “TA: Ethereum Could Avoid a Major Drop if it Closes Above One Key Level”
The Lord of the Rings-themed ‘JRR Token’ has met a “bag end” after being forced to shut shop following legal action from the family and estate of the famed series’ author. J.R.R. Tolkien who died in 1973. On Nov. 23, Law360 reported that the Tolkien Estate had reached a settlement with Florida-based developer Matthew Jensen …
Continue reading “You shall not pass: Tolkien estate blocks ‘The Lord of the Rings’ JRR Token”
Citigroup is reportedly looking to hire 100 people for its new crypto team. “We believe in the potential of blockchain and digital assets including the benefits of efficiency, instant processing, fractionalization, programmability, and transparency.” Citigroup Growing Its Crypto Team Citigroup is reportedly looking to hire 100 people to grow its digital asset team within its …
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Matt Comyn, the CEO of the Commonwealth Bank of Australia (CBA), said that the bank is more concerned about the risks of missing out on crypto than those associated with its adoption. The CBA is set to become the first of the “big four” banks in Australia to offer crypto-based services, after the company announced …
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Bitcoin retested the $55,500 support zone against the US Dollar. BTC is recovering, but it could face a strong selling interest near $57,500 in the near term. Bitcoin settled below the key $58,000 and $57,500 resistance levels. The price is now trading below $57,500 and the 100 hourly simple moving average. There is a major …
Continue reading “TA: Bitcoin Holds Key Support, Why BTC Remains At Risk of Sharp Decline”
The Ethereum scaling wars are raging on social media due to the problems that this chain is facing, with fees on layer one (L1) at very high levels. Zhu Su, CEO of Three Arrows Capital, a notable crypto VC company, announced he withdrew his support from the project, criticizing the state in which the chain …
Continue reading “Ethereum vs. Avax Social Media Battles Rage as L1 Fees Keep Rising”
It was 2009 when blockchain technology stepped into the world. The speculations weren’t strong with the technology back then. Bitcoin, however, survived and today, as we all know, created history. Cryptocurrency, one of the aspects of blockchain technology, created a buzz and helped the subsequent evolution take place – smart contracts are one of them. …
Continue reading “Decoding Smart Contracts and their used cases”
Jane Hume, an Australian politician, spoke about Decentralized Finance (DeFi) on Monday at the Australian Financial Review Super & Wealth Summit in Sydney. In her speech, she referenced the Reserve Bank of Australia (RBA) calling crypto a fad. And she emphasized that it most certainly is not. She further urged policymakers to cautiously embrace blockchain technology like …
