On April 1, Bitcoin.com News published an in-depth report on the Smart Bitcoin Cash (Smartbch) protocol and its compatibility with Ethereum’s EVM and Web3 API before any Smartbch projects were seen in the wild. Seven months later, Smartbch has matured a great deal and metrics indicate that between three decentralized finance (defi) protocols, there’s roughly …
Monthly archives: November 2021
KuCoin Labs Invest in Huobi-Backed SocialFi Platform to Expand Into Metaverse and NFT Space
press release PRESS RELEASE. The latest strategic investment in emerging SocialFi startup Torum from KuCoin Labs will empower the development of a SocialFi Metaverse powered by VR and Web3.0 technologies. 4th November 2021, Kuala Lumpur, Malaysia — Following the strategic investment of Huobi Ventures and 20 other prominent crypto VCs, Torum SocialFi platform is excited …
Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages
Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding coin minting sector. President Tokaev Calls for Legislative Regulation …
Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats
Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more. As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent. Bitcoin: Compared to 2017, you ain’t seen nothing yet …
FTX-backed studio explains why Solana is better for game developers
While the Ethereum blockchain has the community advantage, the competition with Solana is heating up thanks to the rise of blockchain-based play-to-earn games, which is now simply called GameFi. Founded by Scopely and Glu Mobile veterans, game developer and publisher Faraway announced that the studio has raised $21 million in a Series A funding round led …
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Bluzelle launches mainnet decentralized storage for NFT content
Bluzelle, a decentralized storage network, has announced the release of its mainnet R2 file storage system designed to enhance the decentralization of nonfungible tokens (NFT) and their corresponding data. The solution was created amid the rise in concerns around the lack of immutability on the InterPlanetary File System (IPFS) protocol, a relatively undiscussed model of …
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JPMorgan Analysts Challenge $100,000 Bitcoin Predictions, Say BTC Currently Overpriced: Report
Strategists at financial services giant JPMorgan are raising doubts that the price of Bitcoin (BTC) could hit six figures over the coming months, according to a Bloomberg report. The report says that the current consensus predicting Bitcoin will reach at least $100,000 in 2022 can only come true if BTC’s volatility were to fall significantly. …
Enjin wants to decentralize metaverse with new $100M fund
Blockchain gaming platform Enjin is establishing a new fund to support the development of the metaverse ecosystem and make it more decentralized. Enjin, a startup behind the nonfungible token (NFT)-focused blockchain Efinity, has formed a $100-million fund to support Efinity adopters as well as other related projects, the startup announced Thursday. “It is now time …
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NFTs and play-to-earn are future of gaming industry, says EA boss
Wider adoption for nonfungible tokens (NFT) and play-to-earn games appears to be on the horizon, as one of the biggest names in the gaming industry sees both as the future of the industry. Speaking at an earnings call, Andrew Wilson, CEO of major video game company Electronic Arts (EA), said that NFTs and play-to-earn games …
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Iran Blockchain Association head calls for special council on crypto laws
According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared to handle such a challenging task. Abbas Ashtiani, head of the Iran Blockchain Association (IBA), said that Iranian regulators such …
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Apple App Store removes crypto wallet TokenPocket after PayPal complaint
Global payments giant PayPal is going after cryptocurrency wallet TokenPocket over an alleged trademark infringement. Apple has temporarily removed the TokenPocket wallet from the App Store, the company announced on Thursday. According to the firm, the reason for removal was a complaint from PayPal concerning an alleged trademark issue. TokenPocket said that it had received communications …
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Binance funds a $116 millon initiative aimed at developing a cryptocurrency ecosystem in France
Binance › Bitcoin · Ethereum › France › Exchanges Crypto exchange Binance, in association with France Fintech, a non-profit company, will aid in the expansion of French and European blockchain networks and the emerging crypto ecosystem in the region. Juhi Mirza · November 4, 2021 at 12:00 pm UTC · 1 min read Cryptocurrency exchange …
Binance to track scammers behind Squid Game token that fell 99%
According to Barrons, an intelligence team from Binance is currently auditing the blockchain and is busy collecting relevant data and information that will assist authorities in capturing the perpetrators behind the Squid Game token scam. The lucrative SQUID crypto was inspired by the South Korean show “Squid Game” and had managed to soar high in …
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Institutional investments into cryptos like Solana, Cardano, and Bitcoin is already 30% higher than 2020
Crypto adoption and growth has continued at pace in 2021 as the amount institutional investors have invested in the industry this year is already 30% higher than the amount they invested in the whole of 2020. This was revealed by a report released by popular digital asset manager CoinShares. Bitcoin remains number one The Coinshare’s …
African Fintech Giant Raises $150 Million in Funding Round Led by FTX, Firm Now Valued at Over $2 Billion
Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months after …