Society is headed towards a new form of digital ownership with an economy and greater metaverse based on the blockchain. The concept of “the metaverse” is typically depicted as actual and augmented reality-based in a virtual world. Most recognize this concept since it is present in several fictional movies of dystopian futures like Ready, Player, …
Continue reading “How cross-chain games are giving users the first look at a metaverse”
A popular crypto trader is predicting what needs to happen for Ethereum’s (ETH) price to surge even further. In the TechnicalRoundup newsletter, the pseudonymous analyst DonAlt says ETH is likely to underperform during a Bitcoin (BTC) breakout but will overperform later if the market rides “a multi-month uptrend.” ADVERTISEMENT “As Bitcoin gets sufficiently pumped …
October 21, 2021 – Tel Aviv, Israel Play-to-earn gaming platform MonkeyBall has confirmed the conclusion of its recent funding round, during which it managed to raise over $3 million from a slew of venture and angel investors. Participants in the round include an assortment of high-profile firms such as Solana Capital, Republic, NFX, iAngels, Longhash, …
Continue reading “Solana Gaming Platform MonkeyBall Raises $3 Million From Crypto’s Finest”
An analyst at Fundstrat Global Advisors says that a new Bitcoin (BTC) exchange-traded fund (ETF) could bring in as much as $50 billion in its first year and further drive up the price of the benchmark cryptocurrency. According to Fundstrat Global Advisors co-founder Tom Lee, demand for the ProShares exchange-traded fund could deliver higher first-year …
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown: Then, special guest Big Cheds shares some technical analysis on trending charts, the factors he looks at …
The pension fund for firefighters in Houston has allocated part of its $4 billion portfolio towards crypto. According to a Thursday Bloomberg report, the Houston Firefighters’ Relief and Retirement Fund used the New York Digital Investment Group, or NYDIG, to execute the purchase of $25 million in Bitcoin (BTC) and Ether (ETH). Public records through …
Solana’s SOL coin rallied higher on Oct. 21 as traders shifted focus from Bitcoin (BTC) to the most promising altcoins. Notably, the price of SOL increased by more than 11% to over $196 a token, the highest level since Sept. 11. Combined with the gains recorded in the previous 36 hours, SOL was up by …
Continue reading “Solana gains over 26% in two days — $250 SOL price target next?”
Nonfungible token (NFT) company Candy Digital has secured $100 million in funding to expand its product footprint and creative capabilities, marking another major milestone for the rapidly growing NFT market. The funding will be used to expand Candy Digital’s NFT product offerings across the global sports marketplace, including creating new fan experiences, the company announced …
Continue reading “NFT company Candy Digital valued at $1.5B following $100M Series A”
Digital currency asset manager Grayscale Investments is announcing plans to convert its Bitcoin (BTC) trust into an exchange-traded fund (ETF). Grayscale says it wants to transform the 2013-launched Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. The value of GBTC’s assets under management is close to $40 billion, according to Grayscale. ADVERTISEMENT The application …
Cryptocurrency adoption has been growing for a number of reasons. In emerging markets, research suggests crypto remittances are a factor, although some argue that the idea of using cryptocurrencies for these transactions is nothing more than a purist’s dream. The CEO of cryptocurrency derivatives trading platform BitMEX, Alexander Höptner, predicted earlier this month that by …
Continue reading “Crypto remittances see adoption, but volatility may be a deal breaker”
Bitcoin (BTC) crashed to just $8,100 on Oct. 21 — but only if you were trading on Binance’s dedicated United States exchange, Binance.US. On Oct. 21, Binance.US suddenly printed a one-minute candle that took BTC/USD from $65,815 to $8,200 — a drop of 87%. “Shouldn’t be happening” In what traders call a “scam wick,” the …
Continue reading “Bitcoin price flash crashes by 87% to $8K on Binance.US”
The Iota Foundation has announced the release of its beta version smart contract functionality, with the objective to solve market challenges of scalability limitations and high transaction fees, as well as reportedly debuting components not witnessed thus far in the space. Iota’s nonprofit foundation is focused on open-source research and development initiatives to drive adoption …
Continue reading “Iota launches beta smart contracts to foster interoperability”
FTX, one of the largest cryptocurrency exchanges in the world, has raised $420 million in fresh funding, bringing its total valuation to $25 billion. The firm officially announced Thursday that FTX’s operator, FTX Trading, has completed a new Series B-1 fundraise involving 69 investors, including Ontario Teachers’ Pension Plan Board and Singapore’s state investment firm Temasek. …
Continue reading “FTX crypto exchange raises $420M from 69 investors”
Crypto trader and Altcoin Daily host Austin Arnold thinks six major altcoins are gearing up for massive rallies in the next year. In a recent crypto update, the YouTube star tells his 1,040,000 subscribers that Ethereum layer-2 (L2) scaling solution Polygon (MATIC) is gaining momentum after landing a partnership with the $20 billion gambling company …
Russian oligarch Oleg Deripaska has once again called on the Russian government to stop ignoring Bitcoin (BTC) after the United States Federal Bureau of Investigation raided his homes in Washington and New York. In a Telegram post on Thursday, Deripaska argued that the Bank of Russia has been “infantile in ignoring the growing cryptocurrency market,” …
Continue reading “Sanctioned Russian oligarch urges central bank to embrace Bitcoin”
