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Top 3 Gaming Tokens to buy on November 18, 2021: AXS, SAND, and ENJ
Axie Infinity is at a solid price point which has huge potential for growth. The Sandbox increased its value by 21% in the last 24 hours. Enjin Coin saw a 16% increase in its trading volume in the last 24 hours. Axie Infinity (AXS) is a blockchain-based trading and battling game where each Axie is a non-fungible token (NFT). The Sandbox (SAND) is a blockchain-based virtual world where users can create, build, buy, and sell digital assets. Enjin Coin (ENJ) is the token that represents value within the Enjin Network. Enjin is a decentralized platform that enables users to create digital assets and load them on Ethereum to migrate them into games and applications. Should you buy Axie Infinity (AXS)? On November 18, Axie Infinity (AXS) had a value of $133.97. To get a better indication as to e...
Publishing Briefs: Primary Wave Acquires Mike Scott Catalog; DJ Alok Signs With UMPG
Primary Wave Music has bought a stake in the music publishing catalog of singer-songwriter Mike Scott of the Waterboys. Terms of the deal include a share in all publishing rights and income streams, as well as master rights and income streams owned by Scott. Included in the deal are a number of Scott’s biggest hits for the band including “Fisherman’s Blues” and “This Is the Sea,” as well as “Whole of the Moon.” Primary Wave Music will also maintain an ongoing partnership with Scott to manage all assets owned by the musician. In addition, Primary Wave will work with Scott to secure marketing opportunities regarding his name and likeness. Furthermore, Scott will now have access to Primary Wave’s entire marketing team and publishing infrastructure which includes branding, digital,...
Biden’s war on inflation is a battle to change human behavior
The consumer shift from services to goods over the past 18 months is at the center of a 31-year high in inflation, stoked by massive supply chain disruptions. Biden’s favorability has been sinking just as midterm elections are gearing up. Among his few solutions is to nudge Americans to get out and live their lives — instead of staying at home and ordering even more household goods that will overwhelm suppliers and keep inflation high. “The best thing a president can do right now is jawboning and lessening expectations,” said Bill Hoagland, senior vice president of the nonprofit Bipartisan Policy Center and a former Republican leadership aide in Congress. “I feel a little bit sorry for the president. A lot of this is out of his control.” The Commerce Department’s latest report on retail sa...
Lawmakers push back on crypto provisions in Infrastructure Bill
Lawmakers from both sides of the aisle are fighting back against changes to tax reporting rules for crypto brokers and transactions over $10,000 in the newly passed Infrastructure Bill. Ten U.S. Democratic Congresspeople led by Rep. Darren Soto from Florida called for revisions to the definition of a broker in the infrastructure bill that was passed into law on Nov. 15. The group issued an open letter, signed by Soto along with Representatives Ro Khanna, Stacey E. Plaskatt, Eric Swalwell, Tim Ryan, Susan Wild, Marc Veasy, Jake Auchincloss, Al Lawson, and Charlie Crist calling for updates to section 6045(c)(1) in the tax code under the Bipartisan Infrastructure Framework (BIF). Experts warned that the contentious new rule could see miners, validators, and wallet developers considered ...
South Korea embraces the proto-Metaverse
The South Korean people and an increasing number of major companies in the country have begun to embrace and integrate the Metaverse into their everyday lives in new and unexpected ways. Two major retailers in the country have recently introduced Metaverse and AI elements to shoppers to enhance their shopping experience. GS Shop introduced home shopping via the Metaverse on Nov. 16 by showing the inner workings of a food production facility. It aimed to reassure customers of the quality of the facility and the food that was for sale. GS Shop turned scans of the physical facility into 3D representations. This way, customers who had augmented reality (AR) devices, similar to the haptic gloves Meta previewed this week, could tour the facility in the virtual world to see the conditions under w...
Supersize McShib: Shiba Inu the largest ERC-20 holding among ETH whales
New data suggests that Shiba Inu (SHIB) is the largest ERC-20 token holding amongst the top 1,000 Ethereum (ETH) whales. According to data compiled by WhaleStats looking at the Ethereum-based token holdings of the largest ETH wallets, SHIB represents 21.68% of the combined market share at $2.35 billion. The next highest asset in terms of holdings is Crypto.com’s native token CRO, representing 5.54% at $603.9 million. #ShibArmy Congrats! The King is coming back! #SHIB flipped #BEST, #OKB and #CRO to become biggest ERC-20 hodling (17.44%) among the top 1000 ETH wallets with total value of $2,371,207,191 Source: https://t.co/jGSeQ3uXfo pic.twitter.com/WVGOpmcYjf — WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) November 17, 2021 According to data from Coingecko, SHIB is curren...
Peru to partner with India, HK and Singapore central banks on a CBDC
The president of the Central Reserve Bank of Peru Julio Velarde announced that his country will be entering the global race to develop a Central Bank Digital Currency (CBDC). At the Annual Conference of Executives (CADE) with business leaders in Lima on Nov. 16 he said: “I think the payment system we are going to have eight years from now in the world is going to be completely different from the current one… Even the financial system will probably be quite different.” Velarde stated that Peru will partner with the central banks of countries more advanced in their development of CBDCs including India, Singapore, and Hong Kong. A CBDC is a digital form of a country’s fiat currency, issued and controlled by the respective nation’s central bank. “We won’t be the first, because we donR...
Fidelity clears regulatory hurdle to become Canada’s first institutional Bitcoin custodian
As reported by The Globe and Mail, Fidelity Clearing Canada received approval from the Investment Industry Regulatory Organization of Canada on Wednesday to launch a Bitcoin (BTC) trading and custody platform. It is designed for use by institutional investors — such as pension funds, portfolio managers and mutual funds — and would be a first-of-a-kind service in the country. The firm also plans to cater to retail investors with its regulatory filing for a Bitcoin exchange-traded funded and mutual fund, which was submitted earlier this week. As of September, Fidelity has over $4.2 trillion in assets under management around the world. In addition, exchange-traded cryptocurrency products are rapidly gaining traction, with more than 40 such instruments awaiting approval in the United States al...
Here’s why bears hope to pin Bitcoin under $60K ahead of Friday’s $1.1B options expiry
Bitcoin (BTC) bulls were euphoric when the price soared to $69,000 on Nov. 10 because the 14.5% gain accumulated over five days meant they were in for a $715 million profit on Nov. 12’s options expiry. However, the 9% negative price move on Nov. 16 caught bulls by surprise, especially since most of the call (buy) options for Nov. 19 have been placed at $66,000 or higher. Curiously, that price level has been the exception rather than the norm. Bitcoin/USD price on FTX. Source: TradingView Bears might have been lucky because the two negative events happened in the past few days. On Nov. 12, the United States Securities and Exchange Commission denied VanEck’s spot Bitcoin ETF request. But more important than the rejection, itself, which was largely expected, was the rationale behind the...
U.S. is not moving fast enough to develop a CBDC, says former CFTC chair
Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan to modernize its payment systems. In a Wednesday hearing of the Joint Economic Committee on the role of digital assets in government, Massad said a central bank digital currency, or CBDC, could be one solution for the United States to improve its existing payments systems, which he referred to as “slow” and “expensive.” In addition, the former CFTC chair said while stablecoins could be used for this purpose, they also presented some of the most urgent challenges for U.S. regulators and pose significant risks. Massad said that people using stablecoins like Tether (USDT) to move funds between exchanges was a good example of why the U.S. payment syste...
Opulous (OPUL) rallies 785% as fans dig the sound of NFTs in the music industry
There is potential for the use cases of nonfungible token (NFT) technology to expand far beyond the simple tracking of unique images with varying degrees of rareness and analysts project that one NFTs will touch every facet of our lives. Already, developers, artists and corporations are considering the tokenization of all assets and some have already experimented with NFT-based concert tickets and sports passes. One NFT project that has been gaining traction since September is Opulous (OPUL), a protocol focused on the tokenization of the music industry. The project claims to be angled toward empowering artists to the extent that music rights can be utilized as value-backed assets in decentralized finance (DeFi). Data from Cointelegraph Markets Pro and TradingView shows that since hit...
Warner Music Sells $540M of Notes to Help Fund Three Acquisitions Worth $710M
Warner Music Group raised $540 million through a sale of 3.75% senior secured notes offering to help fund three acquisitions worth $710 million, the company announced Wednesday (Nov. 17). WMG will use the net proceeds and cash on hand for these acquisitions of “certain music and music-related assets,” or for “general corporate purposes” if it does not close on any of the deals, according to one of its SEC filings. The company has signed non-binding letters of intent for the three deals. WMG has signed non-binding letters of intent for the three acquisitions, which would have added additional revenue and adjusted EBITDA of $42.8 million and $34.4 million, respectively, to the company’s fiscal year ending Sept. 30, 2021. Those gains would represent a 0.8% increase to WMG’s $5.3 billion of re...
