Crypto
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Thailand to launch TAT token to improve the tourism industry
TAT governor says new token will promote digital literacy among tourism operators to enable cryptourism in Thailand In a bid to capitalise on the increasing popularity of cryptocurrencies, the Tourism Authority of Thailand (TAT) has decided to launch a utility token dubbed TAT to enable the transfer of vouchers into digital tokens and provide operators with a greater level of liquidity. The initiative is the latest in a long list of countries looking to adopt cryptocurrencies in order to promote economic growth in a post-pandemic world. The authorities envision the token will be equipped with the benefits offered by crypto and provide a means of transfer of value without the risks of a speculative asset. They are currently in conversation with the Stock Exchange of Thailand regarding the m...
Eightcap to allow retail clients to gain access to over 250 crypto derivatives
Leading CFD broker Eightcap has launched more than 250 cryptocurrency derivatives, specifically targeting retail investors. Eightcap, an award-winning CFD broker, has announced the launch of more than 250 cryptocurrency derivative products. This latest development makes the broker the largest cryptocurrency offering available for retail clients. According to the broker, the crypto derivative will allow its clients to diversify their crypto portfolios via the MT4 and MT5 platforms. Thus, making it easier for thousands of cryptocurrency traders and investors to gain exposure to the crypto space. Joel Murphy, the CEO, Eightcap, said, “Our vision at Eightcap is to provide a new home for Crypto derivative traders by providing an unparalleled offering that includes the largest crypto derivative ...
Zilliqa price analysis: ZIL targets the $0.0851 resistance point
The cryptocurrency market is having a mixed start to the day, with some coins performing well while others are underperforming Bitcoin and Ether are both up by more than 1% over the past 24 hours, with BTC trading close to $42,500 while Ether is closing in on the $3,000 mark. Cardano and XRP’s performances aren’t impressive as they are only up by less than 1%. However, they both maintain their position as some of the top cryptocurrencies in the market. Polkadot and Dogecoin are trading in the red zone, with Solana and Binance Coin the best performers amongst the top ten cryptocurrencies by market cap. Zilliqa (ZIL) has been performing well in the past few hours, with its price now up by more than 3%. It could soar higher in the coming hours if it maintains its current momentum. Zilliqa pri...
Christie’s to auction laser eyes Bored Ape in October
Non-fungible tokens (NFTs) have gained huge adoption in recent months, and major auction houses are now selling them Leading auction house Christie’s announced yesterday that it would be selling the laser eyes Bored Ape in its upcoming sales event next month. The Bored Ape non-fungible tokens (NFTs) have attracted huge attention from art lovers in recent months, and they are being sold on various NFT platforms. https://twitter.com/ChristiesInc/status/1442898923060822025 The auction house said the Laser eyes Bored Ape would be auctioned alongside its M1 and M2 Mutants. They will form a part of Christie’s 20th/21st Century: London Evening Sale starting on 15 October. According to the auction house, its 20th/21st Century auction series is designed to present works in dialogue acro...
Former Bitcoin lead dev predicts demise of BTC network … with a major silver lining
A former lead developer for the Bitcoin network has postulated a possible future for the world’s most popular cryptocurrency which includes an epic price prediction. Software developer Gavin Andresen published a recent blog post called “A Possible BTC Future” in which he predicts the demise of the Bitcoin network. Before BTC meets its end, it will reach a price of $6 million per coin in 2061, Andresen predicts. Before you get too excited, he added that $1 million dollars today will be worth $6 million in the next forty years, due to massive inflation. The former Bitcoin client programmer admitted that his predictions were a “little piece of science fiction,” but that the scenario was entirely possible. Transaction fees would cost around $7,500 but most transactions will not occur on the ne...
SEBA Bank granted the first Swiss digital asset custody license
SEBA Bank AG, a fully regulated Swiss-based institution with a focus on the offering of digital cryptocurrency assets, has today announced the approval of a CISA license from the Swiss Financial Market Authority, or FINMA, to facilitate an institutional-grade custodian service for nation-native collective investment schemes. This announcement enables the bank to become Switzerland’s, and indeed one of the world’s first, digital asset centric banks to gain a custody license. The endorsement will allow the institution to provide greater investment opportunities to professional clientele in the emerging cryptocurrency markets. Founded in mid-2018 advocating a philosophy of next-generation digital banking, the firm soon rose to prominence as a pioneer in the regulated digital asset sector. One...
Opposition mounts to Biden’s OCC pick, fears she could ‘regulate crypto into oblivion’
Resistance is mounting to U.S. President Joe Biden’s reported plans to tap a staunch banking and crypto critic to run the Office of the Comptroller of the Currency (OCC). The proposed nomination of law professor, Saule Omarova, to head the federal bank regulatory agency has raised eyebrows in political and financial circles as she is widely seen as anti crypto and anti big banks. Texas Republican Senator Ted Cruz has become the latest crypto ally to speak out, claiming that her decisions, if nominated, could change the future of the industry in a tweet on Sept. 28. “Not only is Saule Omarova, Biden’s pick to lead the OCC, a threat to our traditional economy, she also wants to regulate crypto into oblivion. Crypto faces future-defining government regulations. This nomination needs to be sto...
Thailand’s tourism authority is considering creating its own utility token
The Tourism Authority of Thailand (TAT) is considering creating its own utility token to capitalize on the growing popularity of cryptocurrencies. Named after the agency’s acronym, the plan to launch TAT coin will have to navigate through Thailand’s complex legal framework and regulations before coming to life. The Bangkok Post reported today that the TAT is in discussions with the Stock Exchange of Thailand regarding its ambitions and how the transfer of value can be achieved without introducing the speculative aspects of trading. TAT coin “would involve the transfer of vouchers into digital tokens that could help operators gain greater liquidity,” according to the report. Yuthasak Supasorn, TAT governor, said he values the potential that technologies like cryptocu...
There’s a New Paul Oakenfold Album Arriving on the Cardano Blockchain
One of Ethereum’s original co-founders is working on a collaborative album with dance music legend Paul Oakenfold. Charles Hoskinson, a prominent figure in Ethereum’s history and founder of Cardano, is now working closely alongside Oakenfold to bring a full length album to the blockchain. According to BlockTribune, every element of the album, including the cover art, tracks, and sleeve notes, will live on the Cardano blockchain. The LP hasn’t yet been given a release date, but it has been endowed with an intriguing title: Zombie Lobster. The meeting of these respective titans from the worlds of technology and entertainment feels like the making of a watershed moment for electronic music. Reflecting on his participation in developing the album, Ho...
Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone
“Don’t fight the trend” is an old saying in the markets, and there are other variants of the phrase like “never catch a falling knife.” The bottom line is that traders should not try to anticipate trend reversals, or even worse, try to improve their average price while losing money. It really doesn’t matter whether one is trading soy futures, silver, stocks or cryptocurrencies. Markets generally move in cycles, which can last from a few days to a couple of years. In Bitcoin’s (BTC) case, it’s hard for anyone to justify a bullish case by looking at the chart below. Bitcoin price in USD at Coinbase. Source: TradingView Over the past 25 days, every attempt to break the descending channel has been abruptly interrupted. Curiously, the trend points...
Stablecoin launch and NFT integration back COTI’s rise to a new all-time high
The blockchain ecosystem has evolved significantly over the past decade as smart contract capabilities have moved the industry from being a simple medium of exchange to a bustling ecosystem full of decentralized finance (DeFi) and nonfungible tokens (NFT). One project that has benefited from the increased capabilities of blockchain technology and the recent launch of smart contracts on Cardano is COTI (COTI), an enterprise-grade fintech platform focused on helping organizations create their own payment solutions and digitize any form of currency as a way to facilitate decentralized payments. Data from Cointelegraph Markets Pro and TradingView shows that since bottoming out at a low of $0.0884 on July 20, the price of COTI has rallied 652% to reach a new all-time high at $0.6665 on Sept. 25...
CFTC hits Kraken with $1.25M in fines over alleged illegal offering
The United States Commodity Futures Trading Commission, or CFTC, is ordering crypto exchange Kraken to pay more than a million dollars in civil monetary penalties related to allegations the exchange is violating the Commodity Exchange Act. In a Sept. 28 statement, the CFTC said U.S.-based crypto exchange Kraken — operating under the name Payward Ventures — has failed to register as a futures commission merchant and is illegally offering margined retail commodity transactions in digital assets. The order requires the exchange to pay a penalty of $1.25 million and “cease and desist from further violations of the Commodity Exchange Act,” the law under which the CFTC derives much of its enforcement power on commodities and futures trading. “This action is part of the CFTC’s broader effort...
