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Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply
This week, a number of contenders are set to participate in Polkadot’s first parachain auctions and this process tends to place buy pressure on DOT, while also giving aspiring blockchain projects a chance to show why they offer the most competitive solutions to the different demands that exist in the crypto sector. The ongoing Polkadot parachain auctions follow the success of similar auctions on its sister network Kusama, where projects like Moonriver (MOVR) and Karura have each successfully secured a parachain slot for the next year. Top 5 crowdloans on Kusama by reward rating. Source: Parachains The Kusama parachain auctions began during a downturn in the wider crypto market and played a role in helping KSM recover from a low of $148.85 on July 19 to its current price near $457 as ...
Democratic challenger to crypto-friendly senator’s seat is interested in space
Morgan Harper, a former senior advisor at the Consumer Financial Protection Bureau, is coming out as ‘crypto curious’ in her race to be the Democratic nominee for one of Ohio’s United States Senate seats. In a Tuesday thread on Twitter, Harper said she was interested in the possibilities Bitcoin (BTC) and other cryptocurrencies could mean for policy in Ohio. According to the Democratic candidate, Bitcoin can take the place of many functions of traditional banks by passing on “the wealth of the network” to all users rather than a handful of large shareholders. “There are crypto projects out there that want to compete with basically every facet of what a bank or social media company does,” said Harper. “Their basic model is more inclusive than a corporation. I’ve heard...
Session Musicians Win Greenlight for $8M Royalty Fee Settlement With AFM, SAG-AFTRA
The lawsuit, filed by musician Kevin Risto in June 2018, accused AFM and SAG-AFTRA of essentially taking an illegal cut from the recording royalties that are paid to so-called non-featured artists — better known as session musicians. The two unions administer the Intellectual Property Rights Distribution Fund, which holds performance royalties from non-interactive digital streaming services like Pandora for the use of copyrighted sound recordings. The fund then distributes that money to session musicians, both union and non-union alike. Risto, a non-union musician, accused AFM and SAG-AFTRA of exploiting their control over the fund to improperly tack on a new 3% service fee, paid directly to the unions, before distributing that money. The lawsuit said the new fee was not in the best ...
Is Cardano finally about to breakout? Charts pointing to a huge rally soon
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Top 3 DeFi tokens to buy on November 9: LUNA, UNI, and AAVE
Terra’s trading volume increased by 43% in the last 24 hours. Uniswap’s volume increased by 66% in the same time span. Aave also saw an increase in volume by 50%. Terra (LUNA), Uniswap (UNI), and Aave (AAVE) have all seen significant growth in terms of trading volume and value as of recently. This is why they are chosen as the top three DeFi tokens that you should buy on November 9 of 2021. Should you buy Terra (LUNA)? On November 9, Terra (LUNA) had a value of $52. To get an indication of what kind of value point this is for the token, we will be going over it’s all-time high value as well as its performance in October. Luna achieved its new all-time high value of $54.77 on November 8. This means that the token has only lowered in value by $2.77 within the span of a day. On October ...
Kraken predicts $96K BTC price top as analyst says $1T Bitcoin market cap is ‘now cemented’
Bitcoin (BTC) could nail the now-popular $98,000 price target — but it could end up being the cycle top, new research argues. In its “October 2021 Market Recap & Outlook,” major United States exchange Kraken said that Bitcoin should reach around $96,000 if this quarter copies the last bull run. Copycat Bitcoin may top out below $100,000 With BTC price predictions reaching $300,000, the new analysis from Kraken suggests that if BTC/USD were to copy its 2017 performance, this cycle’s top could end up still being under $100,000. While facing calls for a “worst-case scenario” November closing price of $98,000, it could be that Bitcoin ends up peaking at around that level instead. “At the current pace, 4Q is trending most similarly to 4Q2017 with a correlation of 0.88. It should be noted th...
Blockchain service provider Nansen to integrate Solana data analytics
Blockchain data provider Nansen has announced the planned integration of a Solana dashboard to provide extensive insights to institutional and retail investors seeking to identify emerging trends in networks like the decentralized finance (DeFi) and nonfungible token (NFT) markets. Scheduled to commence in the first quarter of 2022, the Solana function is set to augment an already impressive offering of over 100 million on-chain wallet data points across leading networks such as Ethereum, Polygon, Fantom and Binance Smart Chain. Nansen’s popular features, such as Smart Money, enable investors to recognize investments in emerging DeFi projects across a variety of investor types, while NFT Paradise and Mint Master provide tools to uncover NFT projects gaining traction in the space. Cointeleg...
These publicly traded firms are pulling institutions into crypto
Cryptocurrencies have quickly emerged as one of the hottest investment vehicles of the past decade, gaining traction first from retail traders, as seen in 2017, and now from institutional investors. From being a domain of bedroom coders to a growing financial sector with over $2 trillion in market capitalization, the crypto space has seen a sudden surge in value and continues to attract huge interest from investors. While crypto assets have proven to be valuable, volatility remains a top concern, especially for institutional players. Sure, any investor can buy some cryptocurrencies and profit from their rising value. However, investing in established companies that are involved in the crypto and blockchain business is another way of diversifying and gaining from the overall uptake of...
Crypto sustainability and green solutions highlighted at COP26
Cointelegraph’s Editor-in-Chief, Kristina Cornèr spoke at the United Nations Climate Change Conference, known as COP26, in Glasgow, Scotland, on Tuesday about the positive impact of the cryptocurrency ecosystem on environmental objectives. Arriving in Scotland’s second-largest city following panel hosting duties at Lisbon’s Web Summit last week, Cornèr spoke on a wide range of topics ranging from establishing interoperable relationships between people and technology to the mining impact of Bitcoin (BTC). Commenting on the disparity between the implementation of climate change initiatives between the traditional energy sectors and the crypto community, Cornèr argued that the emergence of new technology provides an opportunity to learn, stating: “Decentralization is an alter...
Tencent Music Ekes Out 3% Revenue Gain After Tough Quarter
At the end of the quarter, QQ Music’s daily video views and viewers reached 100mm and 18mm respectively, representing triple-digit annual growth. Music streaming services may bear the name “music” but are increasingly “pan-entertainment,” a term TME used to describe competitors that lured away its “casual users” and caused monthly average users to drop from the second quarter. (Music users’ average revenue per user slid to 8.9 RMB ($1.39) from 9.4 RMB ($1.47) in the prior-year period.) In addition to focusing on videos, TME is building its live-streaming business, used by 10,000 musicians by the end of the third quarter, and long-form audio — audiobooks, podcasts — that reach 140 million users monthly, up 89% increase year over year...
Maxwell and His Musze Enter New Label Partnership With BMG
Added BMG president, repertoire & marketing, New York and Los Angeles Thomas Scherer, “Throughout his career, Maxwell has continually and thoughtfully raised the bar in his craft. He is central to what the team is building and accomplishing in BMG’s R&B and hip-hop repertoire. Welcome Maxwell … you’re very much a part of our family now, and we’re excited to help write the future chapters of your success.” Maxwell, who will be presented with the Legend Award at the Soul Train Awards later this month, launched his professional recording career in 1996 with debut album Maxwell’s Urban Hang Suite. The critically acclaimed, Grammy-nominated album, which is certified two-times platinum, spun off the hits “Ascension” and “Sumthin’ Sumthin’,” certi...
Social media on the blockchain could be huge, says FTX CEO
Blockchain technology is gaining adoption in various aspects of the global economy, but social media is one area it is yet to penetrate. The CEO of leading cryptocurrency exchange FTX, Sam Bankman-Fried, believes that applying blockchain technology to social media could lead to some huge opportunities. Bankman-Fried made this statement while speaking at Breakpoint in Lisbon. The FTX CEO said; “I think social media on the blockchain — I continue to think this could be absolutely huge. I think it solves a lot of existing pain points, which are really coming to the forefront of society right now.” He added that using blockchain technology would make it possible for people to exchange messages in a secure and private way. However, he believes social media on the blockchain would ne...
