Crypto

Nonfungible tokens (NFTs) and the marketplaces they trade on have been the talk of the cryptoverse for a while now. Even amid the peak of the bull run, the hype for NFTs is not decreasing. It is arguable to say that the traction they are gaining is at an all-time high right now and continues to climb higher. The NFT industry generated $10.67 billion in trading volumes during Q3 of this year, marking a 704% increase from Q2, according to a report by DappRadar. Out of this, blockchain networks Ethereum and Ronin accounted for 77.73% and 19.53% of the numbers, respectively. On a year-over-year basis, the trading volumes of Q3 this year are up 38,060%, a number that is exceptionally high for the growth of an entire industry. To capitalize on this growth, most of the major cryptocurrency exchan...

It all started with mining Bitcoin (BTC) in a dorm room. What started as a hobby with a few mining rigs scaled into twenty industry-scale mining farms across the globe. Because we scaled our operations in a new industry, we had to discover what worked and what didn’t through trial and error — because there’s no handbook for this. Building a multi-site, scaled operation like ours isn’t easy, but if you’re looking to start your mining operations, scale what you have, or invest in a mining company, here are the seven biggest lessons we learned to help you navigate your next moves. Related: How to mine Bitcoin: A beginners guide to mine BTC Lesson 1: It takes (a lot of) money to make money There was a time when you could mine Bitcoin from a laptop, or set up some mining rigs in your room and m...

The nonfungible token (NFT) market is growing. According to a new report by analytics platform DappRadar, NFT trade volume soared past $10 billion during the third quarter of 2021, a sevenfold increase from the previous quarter’s figure. Although a significant slice of that action comes from runaway hits like NBA Top Shot, CryptoPunks and gaming platform Axie Infinity, NFT use cases are rapidly proliferating as creators recognize their potential. In the not-too-distant past, celebrities keen to profit from the burgeoning crypto scene had few options. Mostly, they were limited to shilling an initial coin offering (ICO) or investing their own money in a startup they deemed promising. Thanks to NFTs, however, they can now leverage their star appeal by releasing sought-after digital collectibl...

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bakkt shares skyrocket after partnering with Mastercard and Fiserv On Monday, the share price of the Intercontinental Exchange-backed crypto services company Bakkt (BKKT) surged 120% on the back of two major partnerships with Mastercard and Fiserv.  Both partnerships were announced on Monday, with the Mastercard deal enabling Bakkt’s U.S. customers to buy, sell and hold crypto assets via custodial wallets. Meanwhile, the strategic collaboration with global payment provider Fiserv gives Bakkt the chance to...

A so-called meme cryptocurrency named after Tesla and SpaceX CEO Elon Musk is rising in value, namely by a whopping 3,780% in October. Dubbed Dogelon Mars (ELON), the cryptocurrency reached $0.00000233 Saturday—its highest level since May 13—after opening the month at $0.00000005 (data from Poloniex). The massive upside move pushed Dogelon Mars’ market cap from around $26 million on Oct. 1 to as high as $1.19 billion on Oct. 30, thus making MUSK the 92nd-largest cryptocurrency in the world by market capitalization. ELON/USDT daily price chart featuring its all-time high. Source: TradingView What launched ELON price to the moon? A major portion of ELON’s October gains came from its performance on Oct. 29 and 30, when the token rallied by more than 200% alongside a listing o...

You can’t predict the future, but you can learn from the past. And some crypto tokens are much (much) more predictable than others, when you analyze their historical trading patterns. In fact, five cryptocurrencies in particular have exhibited the kind of trading predictability that could give sharp-eyed crypto traders a huge advantage in the markets. These five tokens have all demonstrated one thing in common: After strong bullish conditions were detected, they averaged an increase in value when measured after 24, 48, and 72 hours After extreme bullish conditions were detected, on average they also rose after 24, 48, and 72 hours The minimum average gain over 72 hours following an extreme flag was a startling 10% While this is a measure of past trading activity and (of course) not a promi...

Crypto and taxes may not be a match made in heaven, but taxes seem inevitable, and the United States Internal Revenue Service (IRS) has made it clear it is going after people who don’t report. With IRS summonses to Coinbase, Kraken, Circle and Poloniex, plus other enforcement efforts, the IRS is on the hunt. The IRS sent 10,000 letters in different versions asking for compliance, but all were nudges to encourage taxpayers to be compliant. The IRS hunt for crypto has often been compared to the IRS hunt for foreign accounts more than a decade ago. Unfortunately, it is not clear if there will ever be a crypto amnesty program emulating the offshore voluntary disclosure programs the IRS formulated for offshore accounts. Related: More IRS crypto reporting, more danger The IRS made its first big ...

We have some great news coming out of the United States on the cryptocurrency industry this month with potentially more good news coming later this fall. On Oct. 6, Gary Gensler, head of the U. S. Securities and Exchange Commission (SEC), confirmed during a House Committee on Financial Services hearing that the regulator will not ban cryptocurrency, potentially blazing the path for the world’s largest economy to become the global leader in the development of decentralized finance (DeFi) and blockchain technologies. Gensler, who taught a class on cryptocurrency at MIT, also said that prohibiting cryptocurrency doesn’t fall under the SEC’s mandate and the only way to legally ban digital assets would be through Congress. “It’s a matter of how we get this field within the investor consume...

AMC Entertainment is in the process of updating its technical infrastructure to allow consumers to pay online with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE) for movie tickets. But it doesn’t stop there. In a Twitter post early Friday morning, Adam Aron, the company’s CEO, asked if users would be potentially interested in paying with Shiba Inu as well. At the time of writing, 97,582 Twitter users had already taken part in the poll, with approximately 85% of voters choosing “Yes.” The iconic theatre chain has taken a growing interest in crypto as of late. Last week, its CEO discussed the possibility of issuing a company-specific cryptocurrency. Earlier this month, AMC enabled its customers to purchase digital gift cards via Dogecoin and other ...

I recently came across Marc Andreessen’s article from 2014 on Bitcoin (BTC). In many ways, it is visionary (no surprise). I have been in the industry for four years now, with most of my focus being on the social impact of blockchain. It is astonishing to me that in 2014, before there was any institutional presence in Bitcoin — or, indeed, a popular understanding of this new technology — Andreessen was able to outline its potential economic and social impact for the future. Nearly eight years after he inked his words, I would like to address one of the topics from his article: micropayments. I will explore how blockchain could help transform micropayments and thus enable not only the monetization of certain aspects of businesses that are in need of a solution but also could assist society’s...

Le Bistrot d’Eleonore et Maxence, a restaurant in Paris, France joins the growing list of mainstream businesses to add Shiba Inu (SHIB) as a payment method. The information came to light from a video shared by a local resident and crypto investor Natheno Davy, showing that the restaurant’s main entrance sported two new “Shiba Inu accepted here” stickers right above the other traditional payment options. Shiba accepted in a restaurant in PARISEleanor and Maxence39 Avenue Duquesne75007 -ParisFranceShib will be the biggest regret as the bitcoin laggards were#ShibArmy#SHIB #shiba #ShibaSwap#crypto #ShibaCoin #Robinhood #SHIBARMY pic.twitter.com/7HcMDxX6ZP — Crypto Master (@NathKamga) October 25, 2021 Speaking to Cointelegraph, Davy said that he approached a staff member of the restaurant...

Bitcoin (BTC) preserved $61,000 into the weekend after “aggressive” buying on Coinbase sparked multi-day highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Coinbase BTC buyers step up Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling overnight after briefly challenging $63,000. Friday saw strong performance after U.S. traditional markets opened, helping lift Bitcoin to near its minimum monthly close target. As analysts noted, major exchange Coinbase was the venue for heavy accumulation on the day. Some aggressive BTC buying on Coinbase right now pic.twitter.com/sR1eMuF2ze — Will Clemente (@WClementeIII) October 29, 2021 Popular trader and analyst Pentoshi meanwhile noted selling elsewhere, specifically from one whale whose BTC divesting has now hit ...