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FTX.US job posting reveals blockchain gaming unit in the works
FTX.US, the American arm of the global crypto derivative and spot exchange FTX, seems to be launching a new blockchain gaming unit. As per a job posting by the crypto exchange, the firm is looking for software developers for its upcoming blockchain and gaming unit. The new gaming unit will be focused on bringing more gaming developers to the blockchain-based gaming ecosystem that incentivizes players via crypto tokens and nonfungible tokens (NFTs). The job posting revealed that the exchange is looking for software engineers with a robust knowledge of the C# programming language and the Unity gaming engine. FTX didn’t respond to Cointelegraph’s requests for comments at the time of publishing. Reportedly, the new platform would be catered as “crypto-as-a-service” that would...
Solana’s weekend bounce risks turning into a bull trap — Can SOL price fall to $60 next?
A rebound move witnessed in the Solana (SOL) market this weekend exhausted midway as its price dropped below the $90 level from a high of $96 on Feb. 21. In doing so, SOL price technicals are now risking a classic bearish reversal setup. Solana price risks dropping to $60 Dubbed head-and-shoulders (H&S), the technical pattern emerges when the price forms three peaks in a row atop a common support level (called a neckline). As it typically turns out, the pattern’s middle peak, called a “head,” comes longer than the other two peaks, called theleft and right shoulders, which come to be of similar heights. The H&S pattern tends to send the prices lower—at length equal to the maximum distance between the head and the neckline—once they decisively break below its ...
Cointelegraph’s Top 100 in Crypto and Blockchain list reaches the halfway mark
The Cointelegraph Top 100 continues to bring you the most influential, analytical and artistic people who shaped the crypto industry in 2021. While 2022 has been a rough ride so far, last year had enough ups and downs to prepare a Top 100 list that also portrays the crypto and blockchain landscape of one year in history. It’s impossible to populate a list in any niche that would be universally accepted; therefore, the criteria for making the list this year were unconventional in many ways, as the Cointelegraph team spent numerous hours finding the trendsetters over the past year who not only had a fruitful 2021 but are likely to continue shaping the industry in 2022. DISCOVER COINTELEGRAPH’s TOP 100 IN CRYPTO AND BLOCKCHAIN 2022 During the 10-day countdown, four days have already passed, s...
Russia’s Finance Ministry introduces digital currency bill, brushes off Central Bank’s objections
Russia’s Ministry of Finance has upped the stakes in its drawn-out showdown against the country’s Central Bank by formally introducing a bill that proposes to regulate digital assets rather than banning them. On Feb. 21, the Ministry introduced a draft of the federal law “On digital currency” to the government. This stage of the legislative process precedes the bill’s introduction to the parliament for consideration. The agency cited the “formation of a legal marketplace for digital currencies, along with determining rules for their circulation and range of participants” as the rationale for the initiative. Emphasizing that the bill does not seek to endow digital currencies with legal tender status, its authors define cryptocurrencies as an investment vehicle. The bill proposes a licensing...
OpenSea’s trading volume marginally above LooksRare’s – Here’s why
LooksRare has fallen back in trading volumes after it was confirmed that developers cashed out more than $30 million in wrapped ETH OpenSea suffered a phishing attack over the weekend that resulted in $1.7 million in stolen NFTs The NFT marketplace space has been in a frenzy over the last few days. The two major players – LooksRare and OpenSea, have made headlines for different reasons. LooksRare’s woes In LooksRare case, issues first emerged from reports that came out last week indicating that the marketplace’s developers had taken out at least $30 million in ETH rewards. While a LooksRare team member clarified that the finances were intended to compensate for the unpaid work and investment the team completed during the project’s development, the marketplace seems to hav...
Best tokens you can buy under $1 as of February 21, 2022: GRT, AMP, LRC and ZRX
The Graph (GRT), Amp (AMP), Loopring (RLC), and 0x (ZRX) are all tokens currently under $1. Each token has potential for growth and makes a solid purchase for beginners. The main point of these tokens is the fact that they are extremely affordable for newcomer investors. The Graph (GRT), Amp (AMP), Loopring (RLC), and 0x (ZRX) are all tokens that are at various price points, but all of them are under the $1 value point. This makes them an excellent purchase option for cryptocurrency investors who might just be starting out or just want cheaper alternatives to the more expensive options available. Each of these tokens can increase in value by the end of March 2022. Should you buy The Graph (GRT)? On February 21, 2022, The Graph (GRT) had a value of $0.4054. Discussing the all-time high valu...
Huobi executive says a Bitcoin bull run isn’t happening until late 2024
Huobi’s Du Jun expects a bear market to last until the next Bitcoin halving event He explained that previous price patterns show that bull runs usually succeed halving events Du Jun, the co-founder of digital assets exchange Huobi has predicted that Bitcoin could hold out on a bull market, at least until late 2024 when ‘halving’ occurs next. Speaking to CNBC, Jun observed that a bull run for the world’s top digital asset has historically been accompanied by halving. Halving is an event written into Bitcoin’s fundamental code during which the rewards to Bitcoin miners are cut by half. In reference, the Huobi co-founder noted that Bitcoin’s last two occurrences of all-time high Bitcoin prices had followed a halving event. Last year, Bitcoin peaked abo...
Altcoins Back in The Green: SOL and LUNA Leading the Comeback
The cryptocurrency market has painted a picture of green into the new week in what is seemingly a trend for February This is the third week that the market has started strongly – last week, the market embarked on an uptrend on Tuesday Bitcoin and Ethereum recover Bitcoin, whose price plunged to a 24-hour low of $38,112 over the weekend, has bounced back and is currently trading at $39,025 against the dollar. Despite seeing a positive 2.01% 24-hour change, the coin is still down over 7.40% in the last seven days. Ethereum’s native coin has similarly bounced from a dip to a weekend low of $2,585.95 posted during yesterday’s trading session. Though Ether is still trading below $2,800 ($2,715) – it has seen approximately 3.33% of gains in the last 24 hours as per CoinMarketCap data. Here’s a l...
Former Cisco employee launches DAO to buy Denver Broncos
A new decentralized autonomous organization (DAO) has been formed to raise money in an effort to purchase the Denver Broncos U.S. National Football League team for around $4 billion. BuyTheBroncos DAO aims to give fans a chance to own a piece of the team no matter their level of wealth. One of the organizers of the DAO, former Cisco employee Sean O’Brien, told CNBC on Feb. 19 that: “The purpose essentially is to establish an infrastructure so that fans from all walks of life can be owners of the Denver Broncos.” If it succeeds, it would join the Green Bay Packers among NFL teams owned by the fans. Fans looking to own a stake of the Broncos through the DAO could contribute as little as they like, as opposed to the $300 per share for the Packers. Members of the DAO who contribute Ether (ETH)...
KB Bank to launch South Korea’s first crypto investment fund
Kookmin Bank is preparing to become the first bank in South Korea to offer crypto investment products to retail investors. KB announced on Feb. 21 that it had formed a Digital Asset Management Preparatory Committee to determine product and strategy capabilities regarding digital assets and artificial intelligence investment funds. The bank expects to launch crypto exchange-traded funds (ETFs) and futures products. The committee will also assess risk and compliance issues for the investment funds. The plans were confirmed by KB’s Head of Index Quant Management Honggun Kim in the official release from the bank. He said, “We will launch a virtual asset-themed equity fund, etc. We plan to publish periodicals as well.” KB Financial Group, the country’s largest by net profit, had abou...
‘Coin days destroyed’ spike hinting at BTC price bottom? 5 things to watch in Bitcoin this week
Bitcoin (BTC) heads into the last week of February lower but showing signs of strength as a key support level holds. After a nervous few days on macro and crypto markets alike, BTC/USD is below $40,000, but signs are already there that a comeback could be what starts the week off in the right direction. The situation is far from easy — concerns over inflation, United States monetary policy and geopolitical tensions are all in play, and with them, the potential for stocks to continue suffering. Further cues from the Federal Reserve will be hot property in the short term, with March expected to be when the first key interest rate hike is announced and delivered. Could it all be a storm in a teacup for Bitcoin, which on a technical basis is stronger than ever? Cointelegraph presents five fact...
Intel unveils 2nd-gen Bonanza Mine chip for efficient Bitcoin mining
Computer chip manufacturing giant Intel Corporation shared details of a new mining chip that will be coupled with a high-performance 3,600 Watt miner with the ultimate goal of improving Bitcoin (BTC) mining efficiency. Intel revealed its second-generation BTC mining setup during the IEEE International Solid-State Circuits Conference (ISSCC) 2022, a conference dedicated to the electronics and chip manufacturing industry. According to the company, Bonanza mine (BMZ2) is an ultra-low-voltage energy-efficient Bitcoin mining ASIC that can deliver 40 Terahashes per second (40 TH/s) performance. Intel’s Bonanza setup. Source: 2022 IEEE As Cointelegraph previously reported, Intel’s patent related to “high-performance Bitcoin Mining” dates back to November 2018, which had proposed ...
