A rapidly growing ecosystem and recent Coinbase listings helped SOL and MLN bounce back from recent lows while the wider market trades sideways. Significant price corrections like the one see in May inflict widespread pain for a majority of market participants and can be a death sentence for struggling projects as token holders capitulate and …
Continue reading “Solana (SOL) and Enzyme (MLN) rally while the wider market remains flat”
The U.S. authorities are becoming seriously interested in crypto, making unreported crypto more dangerous. The United States Internal Revenue Service classifies crypto as property, meaning you can trigger taxes every time you use crypto to buy something. You might be using it to pay for a Tesla electric vehicle — oh, sorry, that’s not possible …
The Central Bank of Nigeria says it is gearing up to test a sovereign digital currency to ease foreign remittance restrictions. Rakiya Mohammed, an IT specialist at the Central Bank of Nigeria (CBN) has announced that the apex bank is making efforts to float a central bank digital currency in the country. According to a …
Continue reading “Nigeria’s central bank plans CBDC pilot launch before the end of 2021”
Nassim Taleb and Nouriel Roubini criticized tokens in general during a BSV conference panel. Economist Nouriel Roubini and former risk analyst Nassim Taleb took aim at crypto at the CoinGeek Conference this week, while the always controversial Craig Wright boasted that the Bitcoin SV blockchain was on track to hit billions of transactions a second. …
Continue reading “Roubini and Taleb tell CoinGeek Conference data matters, not tokens”
A journey that started with trading shitcoins has now become a growing passion for NFTs — part of a wider wave of NBA players and cultural tastemakers taking over the blockchain space. As Wilson Chandler tells it, despite being a NBA star with a decade-plus pro career and nearly $80 million in career earnings, the …
Even grandma was bullish on Bitcoin in April, but market cycle analysis shows it was past time to take profit. Welcome to Cointelegraph Market’s weekly newsletter. This week we will identify emerging-sector trends across the cryptocurrency landscape in order to broaden your understanding of market cycles and better equip readers to take advantage of the …
Local exchanges now have until July 11 to update their rules for listing tokens in order to be in compliance with SEC guidelines. Thailand’s Securities and Exchange Commission has approved guidelines prohibiting crypto exchanges in the country from supporting four different types of tokens in certain cases. In a Friday announcement from the Thai SEC, …
Continue reading “Thai SEC bans exchanges from handling certain token types including NFTs”
That picture of a dog staring into the camera in formal posture.. you know, the one that sparked the Doge meme? Someone just sold it for millions in Ether. Dogecoin has seen significant attention in 2021 in tandem with its dramatic price rise. Capitalizing on this rise in attention, someone sold a non-fungible token (NFT) …
Continue reading “An NFT of the photo that inspired Dogecoin just sold for $4M”
The Bank of Namibia (BON) has warned individuals investing in cryptocurrencies that it will not entertain their complaints should they get scammed. The institution argues that since its mandate does not currently cover digital currencies, it lacks the “legal power” to follow up on such complaints. Growing Namibian Interest in Crypto This latest BON warning …
A Cryptopunk NFT was recently sold for $11.8 million during an auction organized by Sotheby’s. The sale, which also featured works of other artists, was organized virtually. Sotheby’s anticipates strong demand for this kind of digital good in the future, even as NFT fever has somewhat subsided in recent weeks. Cryptopunk NFT Sold for Almost …
Continue reading “Cryptopunk NFT Sold for Almost $12 Million in Sotheby’s Auction”
PRESS RELEASE. FootballCoin has launched a new version of its fantasy football game for EURO 2020, with a host of new features, NFT cards, and prizes. 11th June 2021, Dubai, UAE — Pioneering Football Fantasy Blockchain platform FootballCoin has launched the new version of its game for EURO 2020. The announcement comes with increased prizes …
Continue reading “FootballCoin Launches Euro 2020 Fantasy Game With Collectable NFTs and XFC Prizes”
Homebuyers in the United States have found difficulties acquiring single-family homes after the year-long business shutdowns and lockdowns that followed Covid-19. It seems there’s a new wave of homebuyers in the U.S. real estate market, with buyers stemming from hedge funds, pension funds, clearinghouses, and financial services companies. The weight of real estate property under …
After minting a memecoin, a solo developer now has to grow his Frankenstein creation into a success. You might not know Dreesus, but if you’ve been following crypto the last few months you’re likely familiar with his work. Following the launch of his Simple Cool Automatic Money ($SCAM) token, the pseudonymous developer garnered coverage from …
Continue reading “A man and his S.C.A.M.: Solo dev ‘Dreesus’ on making a memecoin legit”
Bitcoin and most altcoins could be gearing up for a few days of range-bound action as bulls buy on dips and bears sell on rallies. Bitcoin’s (BTC) failure to rise above the critical $40,000 to $42,000 resistance zone is keeping crypto traders on tenterhooks. Some analysts view the sharp rebound from $31,000 level as a …
Continue reading “Price analysis 6/11: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH”
The NY state assembly needs to approve any bill or propose amendments before it can be signed into law by Governor Andrew Cuomo. A bill which would have required miners in New York to halt operations for three years as part of an apparent effort to slow the environmental impact of crypto has been defeated …
Continue reading “Bill banning crypto mining for 3 years dies in NY state assembly”
