Crypto

Sian Berry, former co-leader of the Green Party of England and Wales and current member of the London Assembly, is looking to crack down on crypto advertisements on public transport. According to a Sunday Twitter post, Berry said she would be recommending the Mayor of London, Sadiq Khan, ban all crypto advertising in the city’s transport network, including many rail and bus services. The assembly member’s call to action comes following token project Floki Inu announcing it would conduct a “full-out assault on the London public transportation system” with posters on underground trains and buses. Like gambling ads, which we have finally got the Mayor to remove, there is no way our public services should be used to advertise these unregulated, risky schemes to Londoners. I asked for a ban in ...

As the U.S. federal government — acting through its Securities and Exchange Commission — continues to valiantly protect investors and the public interest from the grave dangers of a spot Bitcoin exchange-traded fund, one major American city after another begin embracing or at least exploring the potential of crypto and blockchain technology to improve various aspects of city finance, administration and residents’ monetary well-being. Following the lead of Miami, New York, Tampa and Jackson, Tennessee, it is now Philadelphia that is looking into the ways to implement blockchain solutions in city government. The hope is that a series of city governments’ successful ventures into the crypto space will eventually make the federal government adopt a more “municipal” perspective. Below is the co...

The seesaw price action that the crypto market is known for is back on full display today as the modest gains Bitcoin (BTC) achieved over the weekend quickly disintegrated in the early market moves as the digital asset followed Tesla stock into the red.  Fortunately, it’s not all bad news for altcoin traders and this week kicked off with Cointelegraph Markets Pro’s Altseason Indicator suggesting that there is a 44% chance that an altseason is underway. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were UMA (UMA), WINk (WIN) and Keep3rV1 (KP3R). UMA integrates with Sherlock protocol Universal Market Access protocol, o...

Bitcoin (BTC) begins a new week with a race toward all-time highs as bulls save the day — and the week — at the last minute. A week of sideways BTC price action came to an end just in time for the weekly close, with Bitcoin bouncing back to $66,000. It is a classic move that has become all too familiar in recent weeks, and attention is now focusing on bullish outcomes once again. With Wall Street still to open, Monday has yet to set the tone for the third week of “Moonvember,” one which still has an end-of-month price target approaching $100,000. Can Bitcoin get there? Cointelegraph takes a look at five factors that could help shape BTC’s price trajectory in the coming days. Weekly close leaves no room for bears For those concerned about what would happen at Sunday’s weekly close, there wa...

Circle, the United States-based issuer of USD Coin (USDC), has set its sights on thriving Asian crypto markets.  In a move to strengthen its presence in Asia, Circle picked Singapore to establish a regional headquarters. The company is also setting up an investment arm called Circle Ventures, according to Circle CEO Jeremy Allaire’s interview with Bloomberg. The venture arm’s first investment will focus on a Japanese yen stablecoin. Allaire said the company sees substantial opportunities in the Asian markets, where he expects to see strong adoption of stablecoins in borrowing and lending markets. He added that the inflation environment and the search for yield would primarily trigger markets’ move to stablecoins. Commenting on “Circle Yield,” the company’s latest interest-yielding off...

VanEck, one of the first United States-based asset managers to file for a Bitcoin (BTC) exchange-traded fund (ETF), is finally launching its Bitcoin futures ETF. According to an official notice by the Chicago Board Options Exchange (CBOE), VanEck’s Bitcoin Strategy ETF will start trading on CBOE under the ticker symbol XBTF on Tuesday. VanEck’s new ETF is joining the growing number of BTC futures-based ETFs launched in the U.S., including the ProShares Bitcoin Strategy ETF, which became the first Bitcoin futures ETF to start trading on the New York Stock Exchange on Oct. 19. Valkyrie’s Bitcoin Strategy ETF started trading on Nasdaq under the BTF ticker in late October. CBOE’s listing of XBTF comes just a couple of days after the U.S. Securities and Exchange Commission officially rejec...

In a bizarre event, a cryptocurrency with the same name as SpaceX’s satellite range Starlink jumped over 140% as Elon Musk’s space technology company launched 53 of them into the Earth’s lower orbit. Watch Falcon 9 launch 53 Starlink satellites to orbit → https://t.co/bJFjLCzWdK https://t.co/dgHuF6SIZ4 — SpaceX (@SpaceX) November 13, 2021 Written as StarLink (STARL), the little-known crypto rallied 13.70% on Nov. 13 — the day of the satellite launch, another 69% a day after it, and by up to 27% on Nov. 15. The massive upside move brought STARL’s net returns on investment by a little over 140% in just less than three days, data from the OKEx exchange shows. STARL/USDT daily price chart. Source: TradingView STARL comes under the “Musk effect” The name alone acted as a common denominator betw...

This year has seen a number of high profile partnerships formed between the cryptocurrency sector and major sports leagues, teams and individual players. Nowadays players engage with their fans by issuing limited edition NFTs and other perks that are associated with crypto and blockchain technology. Crypto companies are also making their presence known stitching their names on jerseys, buying stadium naming rights and paying for cleverly placed primetime commercials between game breaks. One project that has seen a recent surge in interest thanks to its focus in the world of sports and helping fans interact with their favorite teams and players is Chiliz (CHZ), the blockchain network behind the Socios.com fan engagement platform. Data from Cointelegraph Markets Pro and TradingView shows tha...

Nonfungible tokens (NFTs) continue to disrupt the mainstream entertainment industries, with NFT gaming firm Animoca Brands partnering with Korean record label, talent agency and music production company, Cube Entertainment, to build a “K-pop music metaverse.” Announced on Nov. 15, the partnership will see Animoca and Cube work together to create multimedia NFTs celebrating popular actors and K-pop musicians on Cube’s roster. The NFTs will feature images such as artist portraits and album art, and also include digital sound sources such as full-length albums. Yat Siu, the chief executive of Animoca Brands, stated that he cannot wait to begin working with Cube to “make the open metaverse a reality.” Animoca described the partnership as enabling “true digital property rights and other bl...

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Anton Bukov, co-founder of 1inch Network, a distributed network of decentralized protocols. Anton has been writing code for more than 20 years (since he was 12), mostly C++, C#, Objective-C, Swift and SQL. Since 2017, he has been working on blockchain solutions, primarily smart contracts. Anton has contributed to several crypto projects, including MultiToken, Near Protocol — where he was involved in the Ethereum-Near Rainbow Bridge — and the Synthetix derivatives liquidity protocol, working on gas optimization of the smart contracts. For some time, Anton co-hosted a YouTube show, “CryptoManiacs,...

Blockchain is a core technology that differentiates itself from other technologies by having solved the double expense with the emergence of the Bitcoin blockchain in 2008. Nonfungible tokens, or NFTs, were driven by blockchain technology which brought scarcity and interoperability to nonfungible tokens. But, what do blockchain technology and NFTs have to do with Metaverse? Why are large companies experimenting with NFTs in Metaverse? The Metaverse The term “metaverse” first appeared in 1992 when Neal Stephenson released his science fiction novel Snow Crash. In this book, humans interact with each other and with software agents such as avatars in a three-dimensional space that acts as a metaphor for the real world. While it was Stephenson who first used the term, the idea of a virtual real...